NASDAQ$BOKF

BOK Financial Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

BOK Financial reported quarterly earnings, marked by record wealth segment revenues and all-time high core loans, with non-interest revenues constituting almost 40 percent of total revenues.

BOK Financial Corporation reported a net income of $151.3 million, or $2.27 per diluted share, for the second quarter of 2023. The results reflect growth in brokerage and trading revenue, driven by higher U.S. government agency mortgage-backed securities and related derivative contracts trading volumes, and an increase in fees and commissions revenue.

  • Net income was $151.3 million or $2.27 per diluted share.
  • Net interest revenue totaled $322.3 million.
  • Fees and commissions revenue was $200.5 million.
  • Period-end loans grew by $488 million to $23.2 billion.

Headline financials

Total Revenue

$531M

Previous: $443M+20.0%
EPS (adj)

$2.27

Previous: $1.96+15.8%
Efficiency Ratio

58.8%

No prior period
Leverage Ratio

9.8%

Previous: 9.1%+6.9%
Tangible Common Equity

7.8%

No prior period
Net Interest Margin

3.0%

Previous: 2.8%+8.7%
Free Cash Flow

$151M

Previous: $133M+13.9%
Net Income

$151M

Previous: $133M+13.9%
Operating Income

$176M

Previous: $334M-47.4%
Gross Profit

$514M

Previous: $443M+16.2%
Cash & Equivalents

$1.45B

Previous: $2.04B-29.0%
Total Assets

$49.2B

Previous: $45.4B+8.5%
Stock-Based Comp

$4.41M

Previous: $10K+44030.0%

Revenue & EPS history

BOK Financial · Revenue · Quarterly

$531M

Q2 2023+20%vs Q2 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

BOK Financial · $638M total across 3 segments · Q2 2023

  • Commercial Banking
    $320M+41.3%
  • Wealth Management
    $172M+38.5%
  • Consumer Banking
    $146M+128.1%

Forward guidance

The 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 and the economy generally.

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 2023

Historical avgQ2 2023

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro