BOK Financial Corporation (BOKF) Earnings
BOK Financial Corporation is expected to report next earnings on July 20, 2026 (in NaN days), with a consensus EPS estimate of $2.47. BOKF has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +15.0% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 21, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- CEO Stacey Kimes noted earnings of $155.8 million or EPS of $2.58 per diluted share. Total loans grew $536 million sequentially with good distribution across portfolio and geographically. Fee-based businesses performed well despite uncertainty. Expenses declined with efficiency ratio 63.2%. - Scott Brower of Wealth Management said fee income remained solid, total trading revenue increased, customer hedging revenue grew, investment banking revenue had normal seasonality with strong first quarter syndication activity, mortgage banking revenue grew. Fiduciary and asset management revenue was strong, AUMA declined, transaction card revenue set records. - CFO Marty Grunst said net interest income decreased, core net interest margin declined. Total expenses decreased with efficiency ratio 63.2%. Personnel expenses down, non-personnel expense had some changes. Outlook for 2026 includes loan growth near 10%, total revenue mid single digit growth, NII expectations slightly lower, fee income expectations higher, expense growth low single digits, provision expense 15 - 35 million, and potential gain from Visa Class B shares monetization.
Guidance
- Expect loan growth near 10% for full year 2026. - Total revenue guidance unchanged, mid single digit growth. - NII expectations for 2026 slightly lower at $1.42 to $1.45 billion. - Fee income expectations now higher at $820 to $845 million. - Expense growth expected in low single digits, full-year average efficiency ratio in 63% area. - Provision expense expected in 15 to 35 million range. - Visa announced second exchange program for Visa Class B shares, potential pre-tax benefit of approx 29 million.
Segment performance
Total loans grew $536 million, or 2.1% sequentially. Growth was well distributed across the portfolio. Texas grew $208 million (8% annualized), Oklahoma $163 million (approx 9% annualized), Arizona $236 million. Fee-based businesses performed well with revenue exceeding three of past four quarters. Expenses declined $6.9 million with efficiency ratio 63.2%. Core CNI loan portfolio grew 2.1% sequentially (fourth consecutive quarter of growth). Healthcare loans decreased 1.3% (loan production at record highs with strong pipeline). Energy loans grew 4.3%. CRE business increased 3.7%. Mortgage finance loans totaled $228 million, an increase of $50 million from fourth quarter.
Analyst Q&A
Q: Asked about margin compression factors and future margin expansion, including deposit betas, loan pricing, fixed asset repricing.
A: Fixed rate asset repricing durable, deposit betas affected by competition, loan fees and DDA expected to grow in back half, loan competition monitored.
Q: Asked about Visa Class B shares monetization plan and proceeds disposition.
A: Expect to transact shares later this quarter, proceeds disposition options on table.
Q: Asked about loan growth drivers and energy loan growth profile.
A: Loan growth broad-based, energy loan growth depends on oil strip price above 70 for three years.
Q: Asked about deposit beta and room for further decline.
A: Still some room but declining returns situation.
Q: Asked about merger activity opportunities and impact on team lifting.
A: Active in collecting prospects for employees and customers but no specific report.
Q: Asked about impact of new regulatory proposals on capital levels.
A: Benefit to loan book and trading book on RWAs.
Q: Asked about DDA deposit rebound and magnitude.
A: Seasonal increase in back half expected.
Q: Asked about mortgage finance commitment level.
A: Still comfortable with billion in commitments with seasonality.
Q: Asked about liability side balance sheet strategy, including wholesale deposits and borrowings.
A: Opportunistic wholesale deposit trade in Q4 ran off in Q1, loan growth and deposit growth somewhat aligned.
Q: Asked about dollar impact of loan fee reduction and customer hedging activity trends.
A: Loan fee reduction about two basis points, customer hedging activity has energy focus.
Q: Asked about provision guidance and weighting.
A: Little back-end weighting expected.
Q: Asked about expense management and efficiency ratio range.
A: Feel good about Q1 results and guidance in 63 area.
Q: Asked about oil prices impact on ACL and risk of catch-up provision.
A: Higher oil prices supportive, net impact not likely to cause adverse outcome.
Q: Asked about fee income guidance and businesses.
A: Confident in fee business trajectory, need to combine trading revenue fee and NII lines.
Q: Asked about producer adds and net producer ad number.
A: Don't track net producer ad number, focus on adding best talent.
Q: Asked about provisioning reduction and credit normalization.
A: Better visibility of 2026 being fairly benign with no immediate credit normalization concerns