$BOKF

BOK FINANCIAL CORP ET AL

CIK:0000875357|SEC Filings

Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest revenue [Abstract]
Loans	$ 411,158	$ 402,188	$ 808,331	$ 798,604
Residential mortgage loans held for sale	1,452	1,346	2,508	2,321
Trading securities	70,449	86,364	134,911	160,103
Investment securities	5,749	6,738	11,875	13,721
Available-for-sale securities	135,628	131,301	269,533	258,810
Fair value option securities	849	1,319	2,238	1,497
Restricted equity securities	8,838	7,545	15,519	14,086
Interest-bearing cash and cash equivalents	5,011	5,626	10,144	11,855
Total interest and dividend revenue	639,134	642,427	1,255,059	1,260,997
Interest expense, Operating [Abstract]
Deposits	210,109	238,443	419,307	479,515
Borrowed funds	70,998	74,230	129,080	133,393
Subordinated debentures	6,197	1,588	12,288	3,672
Total interest expense	287,304	314,261	560,675	616,580
Net interest and dividend income	351,830	328,166	694,384	644,417
Provision for credit losses	0	0	0	0
Net interest and dividend income after provision for credit losses	351,830	328,166	694,384	644,417
Total fees and commissions revenue	201,992	197,330	411,769	381,446
Other gains, net	42,415	8,140	42,199	7,415
Gain (loss) on derivatives, net	(8,490)	5,535	(12,864)	15,100
Gain (loss) on fair value option securities, net	0	1,112	(2,074)	1,437
Change in fair value of mortgage servicing rights	6,300	(5,019)	14,455	(12,259)
Loss on available-for-sale securities, net	(4,645)	0	(4,645)	0
Total other operating revenue	237,572	207,098	448,840	393,139
Noninterest Expense [Abstract]
Personnel	214,094	214,711	425,268	428,896
Business promotion	11,152	9,139	20,378	17,957
Professional fees and services	13,799	15,402	28,094	28,671
Net occupancy and equipment	34,151	32,657	67,333	65,649
FDIC and other insurance	6,183	6,439	11,868	13,026
FDIC special assessment	0	(523)	0	0
Data processing and communications	51,707	49,597	103,475	97,175
Printing, postage, and supplies	3,745	4,067	7,424	7,706
Amortization of intangible assets	2,390	2,656	4,833	5,308
Mortgage banking costs	11,879	6,711	23,636	14,400
Other expense	12,579	13,647	23,536	23,244
Total other operating expense	361,679	354,503	715,845	702,032
Net income before taxes	227,723	180,761	427,379	335,524
Federal and state income taxes	51,141	40,691	95,077	75,683
Net income	176,582	140,070	332,302	259,841
Net income (loss) attributable to non-controlling interests	43	52	(3)	46
Net income attributable to BOK Financial Corporation shareholders	$ 176,539	$ 140,018	$ 332,305	$ 259,795
Earnings Per Share [Abstract]
Earnings Per Share, Basic	$ 2.92	$ 2.19	$ 5.49	$ 4.05
Earnings Per Share, Diluted	$ 2.92	$ 2.19	$ 5.49	$ 4.05
Average shares used in computation: [Abstract]
Basic (in shares)	60,080,833	63,208,027	60,057,189	63,376,857
Diluted (in shares)	60,080,833	63,208,027	60,057,189	63,376,857
Dividends declared per share	$ 0.63	$ 0.57	$ 1.26	$ 1.14
Brokerage and trading revenue [Member]
Total fees and commissions revenue	$ 32,450	$ 38,125	$ 76,056	$ 69,193
Transaction card revenue [Member]
Total fees and commissions revenue	31,597	29,561	63,562	56,653
Fiduciary and asset management revenue [Member]
Total fees and commissions revenue	71,007	63,964	137,488	124,936
Deposit service charges and fees [Member]
Total fees and commissions revenue	33,326	31,319	65,544	61,594
Mortgage banking revenue [Member]
Total fees and commissions revenue	18,985	18,993	39,948	38,808
Other revenue [Member]
Total fees and commissions revenue	$ 14,627	$ 15,368	$ 29,171	$ 30,262

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities: [Abstract]
Net income	$ 332,302	$ 259,841
Adjustments to reconcile net income to net cash used in operating activities: [Abstract]
Provision for credit losses	0	0
Change in fair value of mortgage servicing rights due to market assumption changes	(14,455)	12,259
Change in the fair value of mortgage servicing rights due to principal payments	20,666	11,429
Net unrealized losses (gains) from derivative contracts	6,532	125,612
Share-based compensation	11,107	11,698
Depreciation and amortization	55,735	54,621
Net amortization of discounts and premiums	(24,886)	(25,878)
Net losses (gains) on financial instruments and other losses (gains), net	(37,554)	(7,415)
Net loss (gain) on mortgage loans held for sale	(5,635)	(4,311)
Mortgage loans originated for sale	(511,696)	(378,970)
Proceeds from sale of mortgage loans held for sale	509,895	359,430
Capitalized mortgage servicing rights	(8,840)	(5,572)
Change in trading and fair value option securities	513,421	(750,189)
Change in receivables	30,785	(77,006)
Change in other assets	(16,747)	26,836
Change in other liabilities	13,451	497,271
Net cash provided by (used in) operating activities	874,081	109,656
Cash Flows From Investing Activities: [Abstract]
Proceeds from maturities or redemptions of investment securities	156,194	118,862
Proceeds from maturities or redemptions of available-for-sale securities	1,425,559	1,037,812
Purchases of available-for-sale securities	(1,776,140)	(1,249,508)
Proceeds from sales of available-for-sale securities	268,479	0
Change in amount receivable on unsettled available-for-sale securities transactions	(6,992)	(13,388)
Loans originated, net of principal collected	(1,423,575)	(153,984)
Net proceeds from derivative asset contracts	(37,258)	(42,108)
Net change in restricted equity securities	(73,661)
Net change in restricted equity securities		111,819
Proceeds from disposition of assets	33,065	15,429
Purchases of assets	(82,958)	(76,786)
Net cash provided by (used in) investing activities	(1,517,287)	(251,852)
Cash Flows From Financing Activities: [Abstract]
Net change in demand deposits, transaction deposits, and savings accounts	208,636	40,621
Net change in time deposits	212,199	14,258
Net change in other borrowed funds	320,144	475,337
Repayment of subordinated debentures	0	132,166
Net payments on derivative liability contracts	41,338	29,416
Net change in derivative margin accounts	(222,222)	(212,503)
Change in amount due on unsettled available-for-sale securities transactions	41,972	(5,417)
Issuance of common and treasury stock, net	(11,598)	(6,176)
Repurchase of common stock	(8,162)	(63,795)
Dividends paid	(75,837)	(73,017)
Net cash provided by (used in) financing activities	506,470	66,558
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(136,736)	(75,638)
Cash and cash equivalents at beginning of period	1,658,102	1,434,701
Cash and cash equivalents at end of period	1,521,366	1,359,063
Supplemental Cash Flow Information: [Abstract]
Cash paid for interest	564,815	619,288
Cash paid for federal taxes	76,600	41,600
Cash paid for state taxes	11,544	8,899
Net loans and bank premises transferred to repossessed real estate and other assets	5,236	28
Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period	20,112	23,865
Conveyance of other real estate owned guaranteed by U.S. government agencies	3,304	1,936
Right-of-use assets obtained in exchange for operating lease liabilities	$ 18,642	$ 1,930

Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Jun. 30, 2026

Dec. 31, 2025

Assets [Abstract]

Cash and due from banks

$ 975,769

$ 1,001,107

Interest-bearing cash and cash equivalents

545,597

656,995

Trading securities

4,952,988

5,392,745

Investment Securities

1,627,281

^[1]

1,784,242

^[2]

Available-for-sale securities

13,582,780

13,606,625

Fair value option securities

28,461

102,096

Restricted equity securities

298,418

224,757

Residential mortgage loans held for sale

102,531

94,630

Loans

27,083,715

25,651,462

Allowance for loan losses

(277,474)

(275,860)

Loans, net of allowance

26,806,241

25,375,602

Premises and equipment, net

651,641

638,936

Receivables

292,415

292,978

Goodwill

1,044,749

Intangible assets, net

29,828

34,752

Mortgage servicing rights

333,998

322,724

Real estate and other repossessed assets, net of allowance

508

176

Derivative contracts, net

324,711

300,775

Cash surrender value of bank-owned life insurance

423,126

421,514

Receivable on unsettled securities sales

39,673

62,034

Other assets

1,118,572

880,064

Total assets

53,179,287

52,237,501

Deposits [Abstract]

Noninterest-bearing demand deposits

7,861,661

8,081,930

Interest-bearing deposits: [Abstract]

Transaction

27,242,418

26,850,070

Savings

900,480

863,923

Time

3,851,282

3,639,083

Total deposits

39,855,841

39,435,006

Funds purchased and repurchase agreements

1,503,916

1,491,716

Other borrowings

3,073,995

2,745,939

Subordinated debentures

396,661

396,589

Accrued interest, taxes, and expense

292,534

382,809

Derivative contracts, net

325,231

397,573

Due on unsettled securities purchases

1,155,712

991,073

Other liabilities

490,499

476,116

Total liabilities

47,094,389

46,316,821

Shareholders' equity: [Abstract]

Common stock

Capital surplus

1,440,476

1,429,369

Retained earnings

6,279,054

6,022,586

Treasury stock

(1,386,904)

(1,367,144)

Accumulated other comprehensive loss

(249,525)

(166,170)

Total shareholders' equity

6,083,106

5,918,646

Non-controlling interests

1,792

2,034

Total equity

6,084,898

5,920,680

Total liabilities and equity

$ 53,179,287

$ 52,237,501

[1]	Carrying value includes $69 million of net unrealized loss which remains in AOCI in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the AFS securities portfolio to the investment securities portfolio.
[2]	Carrying value includes $83 million of net unrealized loss which remains in AOCI in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the AFS securities portfolio to the investment securities portfolio.