NASDAQ$BOKF
BOK Financial Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong earnings performance driven by diversity and breadth, with loan growth exceeding expectations and net interest margin improvement.
BOK Financial Corporation reported a strong second quarter with net income of $132.8 million, or $1.96 per diluted share. The company saw significant increases in net interest revenue and fees and commissions revenue, driven by loan growth and improved trading performance, while operating expenses decreased.
- Net income was $132.8 million or $1.96 per diluted share.
- Net interest revenue totaled $274.0 million, an increase of $5.6 million.
- Fees and commissions revenue increased $75.7 million to $173.4 million.
- Period-end loans increased $617 million to $21.3 billion.
Headline financials
Revenue & EPS history
BOK Financial · Revenue · Quarterly
$443M
Revenue by segment
BOK Financial · $415M total across 3 segments · Q2 2022
- Commercial Banking$226M+16.5%54.6%
- Wealth Management$125M-5.0%30.0%
- Consumer Banking$63.9M+2.0%15.4%
Forward guidance
The company expects to continue to benefit from rising interest rates and loan growth, but is also mindful of potential economic slowdown.
Tailwinds
- Loans are on a pace to exceed a 10 percent growth rate for the year, excluding the PPP program.
- New loan commitments for the quarter grew at an even faster pace and broadly across our business region.
- Net interest margin improved from the mix of earning assets and a balance sheet structure that is currently positioned to benefit from rising rates.
- Trading businesses rebounded from the volatile first quarter.
- Fiduciary fees increased.
Headwinds
- Market volatility and the resulting decrease in the value of assets under management and administration.
- Mortgage banking revenue decreased $5.3 million.
- Rapidly rising mortgage interest rates and continued inventory shortages have adversely affected both loan production volume and margins.
- Competitive pricing pressure and a significant decrease in refinancing opportunities have reduced margins.
- Other gains and losses, net decreased $6.0 million, primarily related to a write-down of a repossessed equity interest in a midstream entity.
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 2022
-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
| Quarter | Report date | Reaction (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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