earnings
confidence high
sentiment positive
materiality 0.80
BOK Financial Q2 net income $164M ($2.54 EPS); core EPS $2.02; loan growth 1.6%
BOK FINANCIAL CORP
2024-Q2 EPS reported
$3.83
- Net income $163.7M ($2.54 diluted EPS) vs $83.7M ($1.29) prior year; adjusted EPS $2.02 excluding Visa gain and FDIC charge.
- Net interest income $296M (+0.8% QoQ); net interest margin 2.56% (down 5bps).
- Loans grew $381M to $24.6B driven by commercial; nonperforming assets fell to 0.38% from 0.51%.
- Recorded $53.8M pre-tax gain on Visa B-share conversion; contributed $10M in Visa shares to BOKF Foundation.
- Tangible common equity ratio 8.38%; repurchased 412K shares at avg $90.38.