NASDAQ$BOKF

BOK Financial Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Net income of $166.4 million, or $2.40 per diluted share, was reported for the second quarter of 2021.

BOK Financial Corporation reported a strong second quarter with net income of $166.4 million, or $2.40 per diluted share. The organization eclipsed $160 million in net income for the first time, driven by contributions from Wealth Management and stable net interest revenues. The company also saw growth in its Healthcare portfolio and steady core C&I.

  • Net income was $166.4 million or $2.40 per diluted share for the second quarter of 2021.
  • Net interest revenue totaled $280.3 million, consistent with the prior quarter.
  • Fees and commissions revenue totaled $169.4 million, an increase of $7.3 million.
  • Operating expense decreased $4.6 million to $291.2 million.

Headline financials

Total Revenue

$472M

Previous: $511M-7.6%
EPS (adj)

$2.40

Previous: $0.92+160.9%
Efficiency Ratio

64.2%

Previous: 59.6%+7.8%
Net Interest Margin

2.6%

Previous: 2.8%-8.1%
Free Cash Flow

$166M

Previous: $64.7M+157.2%
Net Income

$166M

Previous: $64.7M+157.2%
Operating Income

$351M

Previous: $268M+31.0%
Gross Profit

$437M

Previous: $375M+16.3%
Cash & Equivalents

$1.26B

Previous: $1.25B+0.9%
Total Assets

$47.2B

Previous: $45.8B+2.9%
Stock-Based Comp

$1.37M

Previous: $2.88M-52.6%

Revenue & EPS history

BOK Financial · Revenue · Quarterly

$472M

Q2 2021-7.6%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

BOK Financial · $388M total across 3 segments · Q2 2021

  • Commercial Banking
    $194M+1.4%
  • Wealth Management
    $131M-1.9%
  • Consumer Banking
    $62.7M-41.1%

Forward guidance

This news release contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry, the economy generally and the expected or potential impact of the novel coronavirus (COVID-19) pandemic, and the related responses of the government, consumers, and others, on our business, financial condition and results of operations.

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 2021

Historical avgQ2 2021

-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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