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Bok Financial
(NASDAQ:BOKF)
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Rating:76Outperform
Price Target:
$163.00
â–²(14.56% Upside)
Action:Reiterated
Date:08/05/26
BOKF earns a 76 primarily due to solid financial performance with strong margins and steady ROE, reinforced by a constructive technical uptrend. The earnings call adds support through raised loan-growth guidance and strong credit/capital positioning. Valuation is reasonable at ~13x earnings with a modest dividend, while historical cash-flow variability and ongoing deposit competition keep the score from being higher.
Positive Factors
Record Loan Growth & C&I Focus
Sustained, record loan production—heavy in relationship-driven C&I lending—supports recurring interest income and deepens client relationships. Over a multi-quarter horizon, strong core loan growth underpins NII resilience and cross-sell opportunities, strengthening franchise revenue durability.
Negative Factors
Inconsistent Revenue Growth
Top-line inconsistency means earnings rely more on margin and efficiency actions than on steady revenue expansion. Over a multi-quarter horizon, uneven revenue makes forecasting and investment planning harder and can expose profitability if margin levers or fee growth falter.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Loan Growth & C&I Focus
Sustained, record loan production—heavy in relationship-driven C&I lending—supports recurring interest income and deepens client relationships. Over a multi-quarter horizon, strong core loan growth underpins NII resilience and cross-sell opportunities, strengthening franchise revenue durability.
Read all positive factors
Bok Financial (BOKF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.58B
Dividend Yield1.74%
Average Volume (3M)281.07K
Price to Earnings (P/E)13.3
Beta (1Y)0.84
Revenue Growth1.36%
EPS Growth27.32%
CountryUS
Employees5,034
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)10.65
Shares Outstanding60,759,990
10 Day Avg. Volume308,162
30 Day Avg. Volume281,068
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)1.22
Price to Sales (P/S)2.17
P/FCF Ratio9.76
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$147.33Price Target Upside3.55% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)10.56
Revenue Forecast (FY)$2.28B
Bok Financial Business Overview & Revenue Model
Company Description
BOK Financial Corporation (BOKF) functions as the holding company for its primary banking subsidiary, BOKF, NA, delivering a comprehensive suite of financial products and services. Its operations span a multi-state region, including Oklahoma, Texa...
How the Company Makes Money
BOK Financial primarily earns revenue through a mix of net interest income and noninterest (fee-based) income. Net interest income is generated by collecting interest and fees on loans and other interest-earning assets (such as securities) and pay...
Bok Financial Earnings Call Summary
Earnings Call Date:Jul 20, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call communicated a predominantly positive outlook driven by record and broad-based loan growth, record fiduciary/asset management revenue, strong credit metrics, solid capital ratios, and upgraded loan growth guidance (now above 10% for FY26). Offsetting items included sequential declines in some fee categories (notably trading and mortgage banking), temporary margin volatility from energy derivative cash margin, one-time securities losses tied to the Visa gain reinvestment, and continued deposit competition. Management emphasized disciplined expense control (excluding deferred compensation volatility), ongoing strategic talent hires, and a patient approach to capital deployment. On balance, the favorable operating momentum and strong credit/capital position outweigh the near-term headwinds and one-time items.Positive Updates
Strong Earnings with One-Time Gain
Reported GAAP earnings of $176.5 million (EPS $2.92); adjusted earnings (excluding Visa exchange gain and small securities repositioning) were $156.5 million (EPS $2.59). Recognized a pretax gain of $30.9 million on exchange of Visa Class B shares.
Negative Updates
Sequential Decline in Total Fee Income and Trading Revenue
Total fee income declined $7.8 million sequentially to $202 million. Total trading revenue decreased $9.7 million to $25 million due to lower customer activity and MBS trading volumes during March–May, with improvement noted in June.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Earnings with One-Time Gain
Reported GAAP earnings of $176.5 million (EPS $2.92); adjusted earnings (excluding Visa exchange gain and small securities repositioning) were $156.5 million (EPS $2.59). Recognized a pretax gain of $30.9 million on exchange of Visa Class B shares.
Read all positive updates
Company Guidance
BOK Financial's full‑year 2026 guidance assumes no Fed rate changes and longer‑term rates aligned with the forward curve and raises loan growth to be over 10% year‑over‑year; total revenue is expected to grow mid‑single digits (now toward the upper end of that range), with net interest income projected in the upper half of the $1.42–$1.45 billion range and fee income in the lower half of the $820–$845 million range. Expenses are expected to grow in the low single digits, likely toward the lower end, and the reported efficiency ratio is now anticipated to be about 62% (approximately 63% excluding the $30.9 million Visa gain). Credit provision expense is expected to be below $20 million for the year, and the company enters the second half with tangible common equity of 9.6% and CET1 of 12.9%.Bok Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.39B | 3.33B | 3.36B | 3.05B | 2.00B | 1.83B |
| Gross Profit | 2.24B | 2.12B | 1.92B | 1.93B | 1.79B | 1.87B |
| EBITDA | 876.26M | 793.89M | 771.95M | 793.14M | 767.72M | 898.57M |
| Net Income | 650.50M | 577.99M | 523.57M | 530.75M | 520.27M | 618.12M |
Balance Sheet | ||||||
| Total Assets | 53.18B | 52.24B | 49.69B | 49.82B | 47.79B | 50.25B |
| Cash, Cash Equivalents and Short-Term Investments | 2.60B | 7.05B | 14.29B | 13.63B | 12.90B | 16.00B |
| Total Debt | 4.97B | 4.63B | 4.45B | 8.96B | 7.14B | 2.49B |
| Total Liabilities | 47.09B | 46.32B | 44.13B | 44.68B | 43.10B | 44.88B |
| Stockholders Equity | 6.08B | 5.92B | 5.55B | 5.14B | 4.68B | 5.36B |
Cash Flow | ||||||
| Free Cash Flow | 1.95B | 739.62M | 1.26B | -99.73M | 4.91B | -3.90B |
| Operating Cash Flow | 2.13B | 739.62M | 1.43B | 66.18M | 5.12B | -3.69B |
| Investing Cash Flow | -4.91B | -1.52B | -477.23M | -1.79B | -4.60B | 2.60B |
| Financing Cash Flow | 2.10B | 1.01B | -866.79M | 1.67B | -1.95B | 2.75B |
Bok Financial Technical Analysis
Positive
142.28
Price Trends
136.88
Positive
133.57
Positive
126.57
Positive
Market Momentum
1.89
Negative
60.83
Neutral
71.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOKF, the sentiment is Positive. The current price of 142.28 is above the 20-day moving average (MA) of 141.70, above the 50-day MA of 136.88, and above the 200-day MA of 126.57, indicating a bullish trend. The MACD of 1.89 indicates Negative momentum. The RSI at 60.83 is Neutral, neither overbought nor oversold. The STOCH value of 71.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOKF.
Bok Financial Risk Analysis
Bok Financial disclosed 25 risk factors in its most recent earnings report. Bok Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bok Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $5.82B | 8.31 | 11.21% | 3.70% | 0.67% | 0.52% | |
78 Outperform | $15.90B | 12.86 | 7.58% | 1.44% | 66.97% | -3.45% | |
77 Outperform | $8.97B | 12.98 | 7.08% | 3.25% | 5.64% | 5.19% | |
76 Outperform | $8.58B | 13.27 | 10.84% | 1.73% | 1.36% | 27.32% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
BOKF
Bok Financial
143.80
45.14
45.75%
OZK
Bank OZK
51.41
5.35
11.62%
PNFP
Pinnacle Financial Partners
104.68
16.94
19.30%
PB
Prosperity Bancshares
73.95
10.47
16.49%
Bok Financial Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
BOK Financial posts strong second-quarter 2026 earnings
Positive
Jul 20, 2026
BOK Financial reported second-quarter 2026 net income of $176.5 million, or $2.92 per diluted share, up from $155.8 million a year earlier, with core results supported by a slight improvement in net interest margin to 2.91%. Net interest income ro...
Business Operations and StrategyFinancial Disclosures
BOK Financial Highlights Strategy in New Investor Presentation
Positive
May 11, 2026
On May 11, 2026, BOK Financial posted a new investor presentation outlining its strategy and financial profile, highlighting total assets of $53.8 billion, loans of $26.2 billion and deposits of $38.7 billion as of March 31, 2026. The materials em...
Executive/Board ChangesShareholder Meetings
BOK Financial Shareholders Back Board, Pay and Auditor
Positive
May 7, 2026
On May 5, 2026, BOK Financial Corporation held its annual meeting of shareholders, during which all nominated directors, including Alan S. Armstrong, George B. Kaiser and others, were elected with substantial majorities despite some withheld votes...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.