BOK Financial Q2 net income $151M ($2.27 EPS); net interest margin compressed to 3.00%

BOK FINANCIAL CORP

2023-Q2 EPS reported $4.70

Net income $151.3M ($2.27 diluted EPS) vs $162.4M ($2.43) prior Q; fees revenue up $14.5M to $200.5M.
Net interest margin fell to 3.00% from 3.45%; net interest revenue down $30.1M due to deposit repricing and asset growth.
Loans grew $488M to $23.2B; deposits up $714M to $33.3B; loan-to-deposit ratio 70%.
Provision for credit losses $17M; allowance/loans 1.39%; net charge-offs $6.7M (0.12% annualized).
Repurchased 266K shares at avg $84.08; CET1 ratio 12.13%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BOK FINANCIAL CORP reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On July 26, 2023, BOK Financial Corporation (“BOK Financial”) issued a press release announcing its financial results for the three and six months ended June 30, 2023 (“Press Release”).

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

BOK FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000875357-23-000037

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