NASDAQ$BOKF

BOK Financial Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported quarterly earnings with diversified revenue model effectiveness and record pre-provision net revenue.

BOK Financial Corporation reported net income of $64.7 million, or $0.92 per diluted share, for the second quarter of 2020. The company's diversified revenue model and record quarters from Wealth Management and Mortgage businesses drove strong fee revenue, eclipsing pre-provision net revenue from the same quarter a year ago.

  • Net income was $64.7 million or $0.92 per diluted share for the second quarter of 2020.
  • Pre-provision net revenue was $215.8 million for the second quarter of 2020.
  • Net interest revenue totaled $278.1 million.
  • Fees and commissions revenue totaled $213.7 million.

Headline financials

Total Revenue

$511M

Previous: $457M+11.7%
EPS (adj)

$0.92

Previous: $1.93-52.3%
Efficiency Ratio

59.6%

No prior period
Leverage Ratio

7.7%

No prior period
Net Interest Margin

2.8%

No prior period
Free Cash Flow

$64.7M

Previous: $138M-53.0%
Net Income

$64.7M

Previous: $138M-53.0%
Operating Income

$268M

Previous: $256M+4.6%
Gross Profit

$375M

Previous: $452M-17.0%
Cash & Equivalents

$1.25B

Previous: $1.34B-6.6%
Total Assets

$45.8B

Previous: $41.9B+9.4%
Stock-Based Comp

$2.88M

Previous: $2.74M+5.3%

Revenue & EPS history

BOK Financial · Revenue · Quarterly

$511M

Q2 2020+11.7%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

BOK Financial · $432M total across 3 segments · Q2 2020

  • Commercial Banking
    $192M-15.1%
  • Wealth Management
    $134M+18.4%
  • Consumer Banking
    $106M+4.8%

Forward guidance

The company will continue to evaluate critical assumptions and estimates and will adjust amounts reported if necessary.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.0%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

43%

30 / 69 earnings

Positive

+6.9%

Q3 2020

Best reaction

-12.0%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-3.3%-5.4%
Q4 2025+1.3%+5.7%+4.7%
Q3 2025-3.1%-3.3%-3.7%
Q2 2025-1.7%-0.4%+4.6%
Q1 2025-1.7%+2.6%+4.2%
Q4 2024-0.2%-2.7%-3.2%
Q3 2024-2.1%-4.1%+5.0%
Q2 2024-1.5%-1.0%-5.2%
Q1 2024-1.3%-1.3%+1.0%
Q4 2023+2.9%+4.2%+0.0%
Q3 2023-9.6%-7.6%-0.2%
Q2 2023-2.4%-1.8%-11.0%
Q1 2023+5.2%+4.3%+4.8%
Q4 2022-0.1%-0.8%+4.4%
Q3 2022+3.7%+9.1%+3.1%
Q2 2022+5.7%+9.3%+12.8%
Q1 2022-0.5%-1.0%+0.1%
Q4 2021-12.0%-11.5%-12.0%
Q3 2021+5.4%+8.5%+11.7%
Q2 2021-0.3%+1.5%+6.9%
Q1 2021-2.6%-0.2%+3.5%
Q4 2020-2.7%-2.2%+5.5%
Q3 2020+6.9%+6.2%+21.7%
Q2 2020+3.9%+0.3%-0.6%
Q1 2020+5.8%+13.2%+10.4%
Q4 2019-3.7%-6.2%-5.5%
Q3 2019-1.5%-0.5%+4.9%
Q2 2019+5.0%+6.1%-2.8%
Q1 2019-1.8%+0.8%-9.9%
Q4 2018+0.0%+2.0%+9.3%
Q3 2018-2.1%-0.4%-3.3%
Q2 2018+0.5%+0.1%+3.2%
Q1 2018-0.8%-2.7%-1.1%
Q4 2017+0.0%+1.1%-1.2%
Q3 2017-3.6%-4.7%-6.5%
Q2 2017-2.6%-3.2%-7.4%
Q1 2017+5.9%+5.0%+2.7%
Q4 2016+1.6%-1.8%-0.5%
Q3 2016+1.1%+0.2%+15.0%
Q2 2016-0.8%-4.1%+2.9%
Q1 2016-3.3%
Q4 2015+5.2%
Q3 2015+6.9%
Q2 2015+2.7%
Q1 2015+2.1%
Q4 2014-2.9%
Q3 2014+0.4%
Q2 2014+1.7%
Q1 2014-1.6%
Q4 2013-0.9%
Q3 2013-4.9%
Q2 2013-0.2%
Q1 2013-0.5%
Q4 2012-0.7%
Q3 2012+2.4%
Q2 2012+0.0%
Q1 2012+4.9%
Q4 2011-0.8%
Q4 2008-0.8%
Q4 2009-0.8%
Q3 2011-3.5%
Q2 2011+2.5%
Q1 2010+0.2%
Q1 2011+0.2%
Q4 2010-1.4%
Q3 2009+1.3%
Q3 2010+1.3%
Q2 2010-2.3%
Q2 2009-2.3%

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