secwatch.observer — SEC 8-K summary
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Issuer:     BOK FINANCIAL CORP (BOKF)
CIK:        0000875357
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000875357-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BOK Financial reports Q1 net income $162M ($2.43 EPS); margin compresses on deposit repricing
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- Net income of $162.4M, diluted EPS $2.43; pre-provision net revenue was second highest in history.
- Net interest revenue $352.3M, margin 3.45% (down 9 bps) as funding costs rose; average loans up $500M.
- Period-end deposits fell $1.9B to $32.6B; loan-to-deposit ratio increased to 70% from 65%.
- Provision for credit losses $16.0M, driven by less favorable WTI oil price and CRE vacancy assumptions.
- Tangible common equity ratio improved to 8.46% (7.63% Dec 2022); CET1 ratio 12.19%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875357/000087535723000021/0000875357-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875357/000087535723000021/bokf-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000875357-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer