BOK Financial Corporation
- Open
- 141.75
- Day high
- 143.39
- Day low
- 140.56
- Prev close
- 143.11
- Volume
- 311K
- Mkt cap
- $8.6B
- P/E (TTM)
- 14.3
- EPS (TTM)
- $9.90
- P/B
- 1.4
- P/S
- 2.6
- Yield
- 1.74%
- Per share
- $2.46
- ▼Insiders net selling -$739K over the last 3 months (0 open-market buys, 5 sales)
- 🏛Institutions accumulating (13F)
BOK Financial Corporation (BOKF) is a Financial Services company listed on NASDAQ. The stock is up 34% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 5 sales (SEC Form 4).
BOK Financial Corporation (BOKF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BOKF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $2.30 | $2.58 | +12.2% | $552M | +0.2% |
| Jan 20, 2026 | $2.16 | $2.91 | +34.7% | $560M | +2.0% |
| Oct 20, 2025 | $2.17 | $2.22 | +2.3% | $538M | -0.5% |
| Jul 21, 2025 | $1.98 | $2.19 | +10.6% | $529M | -1.8% |
| Jan 17, 2025 | $1.97 | $2.12 | +7.6% | $433M | -17.2% |
| Oct 21, 2024 | $1.98 | $2.18 | +10.1% | $507M | -0.7% |
| Jul 22, 2024 | $2.36 | $2.54 | +7.6% | $547M | +6.4% |
| Apr 24, 2024 | $1.72 | $1.91 | +11.0% | $449M | -6.6% |
| Jan 24, 2024 | $1.72 | $1.78 | +3.5% | $453M | -7.6% |
| Oct 25, 2023 | $2.09 | $2.04 | -2.4% | $491M | -5.4% |
| Jul 26, 2023 | $2.26 | $2.27 | +0.4% | $523M | +0.2% |
| Jan 25, 2023 | $2.25 | $2.51 | +11.6% | $532M | +4.9% |
BOKF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 14, 2026 | CRAFT JOSEPH W IIIdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | Turpen Michael C.director | Grant | 144 | $138.55 |
| Jul 14, 2026 | Washington Rose Mdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | SHRUM KAYSE M DOdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | JOULLIAN EDWARD C IVdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | ARMSTRONG ALAN Sdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | MALCOLM STEVEN Jdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | Richards Emmet Cdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | COFFEY JOHN Wdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | GRIFFIN DAVID Fdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | San Pedro Claudiadirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | BANGERT STEVENdirector | Grant | 144 | $138.55 |
| Jul 14, 2026 | Waldo Robertdirector | Grant | 144 | $138.55 |
| May 11, 2026 | Wade Mark B.officer: EVP - Texas Market Executive | Sell | 1,700 | $132.62 |
| May 8, 2026 | BANGERT STEVENdirector | Sell | 500 | $134.91 |
Source: BOKF SEC Form 4 filings, latest Jul 14, 2026. For informational purposes only — not investment advice.
See the full BOKF insider & 13F page →BOK Financial Corporation company profile
Overview
BOK Financial Corporation (NASDAQ:BOKF) is a regional bank holding company founded in 1910 and headquartered in Tulsa, Oklahoma. The company operates as the parent of BOKF, NA, which provides comprehensive banking, wealth management, and financial services across eight states in the south-central United States, including Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. With over a century of operations, BOK Financial has evolved from a local Oklahoma institution into a significant regional player with approximately $50 billion in total assets, serving commercial, consumer, and wealth management clients through a diversified business model that generates substantial fee income alongside traditional banking services.
Business
BOK Financial operates in the regional banking industry, providing a comprehensive suite of financial services through three primary business segments. The company functions as a full-service financial institution that combines traditional commercial and consumer banking with specialized wealth management and trading services. The Commercial Banking segment represents the core of BOK's operations, offering lending, treasury management, cash management, and commodity risk management products to small businesses, middle market companies, and larger commercial customers. This segment also operates the TransFund electronic funds transfer network, which provides ATM services across the region with over 2,500 locations. Commercial banking generates the majority of the company's net interest income through various loan products including working capital facilities, equipment financing, commercial real estate loans, and specialized lending in sectors such as energy, healthcare, manufacturing, and wholesale/retail. The Consumer Banking segment provides traditional retail banking services including deposit accounts, residential mortgages, and personal loans to individual customers through the company's branch network. This segment also encompasses mortgage loan origination and servicing activities, which have become increasingly important as the company expands its mortgage finance and warehouse lending capabilities. The Wealth Management segment offers fiduciary services, private banking, insurance, investment advisory services, and brokerage services primarily focused on providing liquidity to mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivatives. This segment also underwrites state and municipal securities and manages over $110 billion in assets under management and administration. The wealth management business generates significant fee income and serves as a key differentiator for BOK Financial in its regional markets. Revenue distribution across segments shows commercial banking generating the majority of net interest income, while wealth management contributes approximately 40% of total fee income, with the remainder coming from consumer banking and various trading activities.
Revenue model
BOK Financial generates revenue through multiple complementary business models that provide diversification and stability. The primary revenue streams include net interest income from lending activities, fee-based services, and trading revenues. Net Interest Income represents the largest revenue component, generated by the spread between interest earned on loans and investments and interest paid on deposits and borrowed funds. The company's loan portfolio includes commercial and industrial loans, commercial real estate financing, energy sector lending, healthcare financing, and consumer mortgages. BOK maintains a loan-to-deposit ratio of approximately 62%, indicating conservative lending practices and substantial liquidity. Fee Income contributes approximately 40% of total revenue and includes asset management fees from the wealth management segment, transaction card revenue, mortgage banking fees, investment banking revenues, and trading fees. The asset management business generates recurring fees based on assets under management, while transaction services provide steady income from payment processing and treasury management services. Trading Revenue comes from the company's securities trading operations, particularly in government agency mortgage-backed securities and municipal bond underwriting. This revenue stream can be volatile but provides additional income and liquidity services to clients. Several factors influence BOK Financial's profitability margins. Interest rate environment significantly impacts net interest margins, with the company positioned as asset-sensitive, meaning rising rates generally benefit profitability. Credit quality affects provision expenses, with BOK maintaining exceptionally low charge-off rates and strong underwriting standards. Deposit competition influences funding costs, particularly in a rising rate environment where deposit betas determine how quickly deposit rates follow federal funds rate changes. Regulatory costs including FDIC assessments can impact expenses, as seen with special assessments following recent banking industry stress. Economic conditions in BOK's geographic footprint, particularly in energy-producing regions, affect loan demand and credit quality. The company's fee business diversity helps offset cyclical pressures in any single revenue stream, providing more stable earnings through various market cycles.
Competitive moat
BOK Financial possesses a moderate but meaningful competitive moat built primarily around regional market dominance, relationship banking, and diversified fee income streams. The company's strongest moat characteristics stem from its entrenched position in growing south-central markets, particularly Texas, Oklahoma, and Colorado, where it has developed deep commercial relationships over decades. The bank's relationship-focused commercial banking model creates switching costs for business customers who rely on integrated treasury management, lending, and advisory services. BOK's ability to serve middle-market and larger commercial clients with sophisticated financial needs, including commodity risk management and specialized industry expertise in energy and healthcare, differentiates it from smaller community banks while allowing it to compete effectively against larger national institutions that may lack local market knowledge. The wealth management platform with over $110 billion in assets under management provides recurring fee income and creates additional customer stickiness through multi-generational relationships. The combination of private banking, investment advisory, and fiduciary services creates a comprehensive offering that is difficult for competitors to replicate quickly. Geographic positioning in faster-growing markets provides structural advantages, as BOK's footprint includes energy-producing regions and metropolitan areas with above-average economic growth prospects. The company's presence in Texas markets, particularly San Antonio and Central Texas, positions it well for continued expansion. However, BOK's moat faces several challenges. The regional banking sector is highly competitive, with both larger national banks and smaller community institutions competing for the same customers. Technology disruption in banking services, particularly in payments and lending, could erode traditional relationship advantages. Regulatory pressures on regional banks may increase compliance costs and limit growth strategies. The company's moderate size ($50 billion in assets) places it in a challenging position where it lacks the scale advantages of money center banks but faces more regulatory burden than smaller institutions. Additionally, economic cyclicality in energy markets and real estate could impact the stability of BOK's core markets, potentially affecting both loan demand and credit quality.
Risks & safety
BOK Financial demonstrates a strong margin of safety with conservative financial management and robust capital positions, though some metrics warrant monitoring. Capital Strength: 1. Tangible Common Equity ratio of 9.5% and Common Equity Tier 1 ratio of 13.3% both exceed regulatory requirements 2. Book value per share has grown consistently, providing downside protection 3. Debt-to-equity ratio of 0.57 indicates moderate leverage appropriate for banking operations Liquidity and Cash Position: 1. Cash and short-term investments of $1.4 billion provide substantial liquidity buffer 2. Loan-to-deposit ratio of 62% indicates conservative lending practices and excess deposit funding 3. Operating cash flow of $1.4 billion annually demonstrates strong cash generation Credit Quality: 1. Nonperforming assets at only 34 basis points of total assets 2. Net recoveries in recent quarters rather than charge-offs 3. Combined allowance for credit losses at 1.39% of outstanding loans provides adequate reserves Valuation Metrics: 1. Price-to-earnings ratio of 13.8x appears reasonable for a quality regional bank 2. Price-to-book ratio of 1.15x suggests modest premium to tangible book value 3. Return on equity of 24% indicates efficient capital utilization Other Considerations: 1. Diversified revenue streams with 40% from fee income reduce interest rate sensitivity 2. Strong geographic markets provide economic tailwinds 3. Potential regulatory burden as assets approach $50 billion threshold 4. FDIC special assessments and industry consolidation pressures remain risks
Recent development
Over the past several years, BOK Financial has pursued strategic initiatives focused on organic growth, market expansion, and business diversification. The company has significantly expanded its presence in Texas markets, particularly in San Antonio and Central Texas, through targeted hiring of experienced banking teams and relationship managers. This geographic expansion strategy has contributed to strong commercial loan growth, with Texas becoming an increasingly important revenue contributor. Technology and Platform Modernization has been a key focus, with BOK implementing new loan origination systems and launching a modernized wealth management platform. These technology investments are designed to improve operational efficiency and enhance client service capabilities across all business segments. The company has made strategic moves to expand its mortgage finance capabilities, launching mortgage finance and warehouse lending operations in late 2024. This initiative represents BOK's effort to capitalize on mortgage market opportunities and diversify its lending portfolio beyond traditional commercial and consumer loans. Fee Income Diversification efforts have shown success, with investment banking revenues reaching record levels and asset management fees growing consistently. The company has maintained its focus on building recurring fee income streams that provide stability during interest rate cycles. BOK has also demonstrated disciplined capital allocation, including the strategic monetization of 50% of its Visa stock holdings for $54 million in pretax gains, while continuing opportunistic share repurchases. The company exited its insurance brokerage and consulting business to focus on core banking and wealth management operations. Credit discipline has remained a priority, with management maintaining conservative underwriting standards even as competitors have loosened credit standards. This approach has resulted in exceptionally low charge-off rates and strong credit quality metrics that position the bank well for potential economic downturns.
BOKF company profile · for informational purposes only — not investment advice.
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