BOK Financial Corp (BOKF) News & EventsBOKFNews & EventsBOK Financial Corp

Company Reports Q2 Tangible Book Value per Share of $82.42

Reports Q2 tangible book value per share $82.42. Reports Q2 CET1 capital ratio 12.89%. Reports Q1 net charge-offs .01%. Stacy Kymes, president and CEO, stated, "I am proud of the strong results our team delivered this quarter, highlighted by the highest quarterly loan production in the Company's history. Loans increased nearly $900 million during the quarter and are up 11.5% from a year ago, driven by diverse growth across business lines and geographies. Core net interest income increased, margins remained stable, and our fee generating businesses continue to provide meaningful support. In fact, our Fiduciary and Asset Management business posted record revenue this quarter. Our consistent performance is rooted in a strong risk management culture, and our unique geographic footprint continues to create opportunities to grow faster than peers while maintaining our disciplined approach."

Net Interest Income Decreases to $342.6 Million

Net interest income totaled $342.6 million, a decrease of $2.7 million. Net interest margin was 2.90% for the first quarter compared to 2.98% in the prior quarter. Stacy Kymes, President and CEO, stated, "Our first quarter performance reflects disciplined execution and exceptional teamwork across the organization, driven by core operating results. Loan growth exceeded 10% over the last 12 months with diverse growth across sectors and geographies, while credit quality remained excellent. During the quarter, our fee-based businesses demonstrated resilience in a volatile market environment, with fee revenue exceeding three of the past four quarters. Expenses declined meaningfully, reflecting our continued focus on managing our core cost structure. We're off to a strong start and well positioned for growth as the year progresses."