BOK Financial reports Q2 EPS $2.19, consensus $2.00

Reports Q2 tangible book value per share $75.56. Reports Q2 CET1 capital ratio 13.59%. Reports Q2 net charge-offs .01%. Stacy Kymes, president and CEO, stated, “Second quarter results highlighted the strength of our team and the effectiveness of our diverse business model. We gained momentum this quarter driven by accelerated loan growth, strong fee income performance and continued margin expansion. Loans grew over $600 million, or 10% annualized, as we leveraged our strong liquidity and capital position, all while maintaining exceptional credit quality. Net interest income grew for the fifth consecutive quarter and core net interest margin, excluding trading, expanded another 7 basis points. Fee income was another standout, with broad-based growth and record quarterly highs in fiduciary and asset management revenue, transaction card revenue, and deposit service charges. This growth reinforces our confidence in our ability to deliver consistent, high-quality performance in the face of evolving market conditions.”