Bok Financial (BOKF) AI Stock Analysis

• Market Cap: $8.22B
• Dividend Yield: 1.93%
• Average Volume (3M): 267.86K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.85
• Revenue Growth: -2.81%
• EPS Growth: 14.96%
• Country: US
• Employees: 5,030
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.89
• Shares Outstanding: 63,247,677
• 10 Day Avg. Volume: 330,038
• 30 Day Avg. Volume: 267,861
• PEG Ratio: 8.66
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 2.02
• P/FCF Ratio: 4.74
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: 3.49
• Enterprise Value/Gross Profit: 5.68
• Enterprise Value/Ebitda: 14.21
• 1Y Price Target: $132.00
• Price Target Upside: 1.30% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $142.00 ▲(8.98% Upside)

The score is led by solid financial performance (strong cash flow and stable balance sheet) and a notably positive earnings call with supportive 2026 guidance and excellent credit/capital metrics. Offsetting factors are a recent TTM revenue decline and technically overbought momentum signals that raise near-term volatility risk, while valuation is reasonable but not deeply compelling.

Positive Factors

Strong free cash flow generation

Sustained, high free cash flow growth and near-1:1 conversion of net income into cash bolster long-term financial flexibility. This durable cash generation supports organic growth, capital allocation (buybacks/dividends), and incremental loan origination without materially weakening the balance sheet.

Diversified, durable fee income base

A fee mix that represents ~38% of revenue and rising AUMA provides predictable, less rate-sensitive revenue. Asset management and transaction card momentum reduce reliance on net interest income, smoothing earnings through rate cycles and supporting scalable, higher-margin growth over multiple quarters.

Prudent credit metrics and strong capital

Very low charge-offs, modest nonperforming assets, and healthy regulatory and tangible capital ratios create a durable buffer against cyclical stress. This underwriting strength enables continued lending, disciplined risk-taking, and shareholder returns while preserving the franchise through downturns.

Negative Factors

Material recent revenue decline

A meaningful trailing revenue decline signals structural top-line pressure that can limit sustained EPS and franchise investment unless reversed. Even with margins intact, persistent revenue weakness would constrain growth opportunities and make profitability more dependent on cost control or non-core gains.

Mortgage finance still early-stage and timing risk

Reliance on an early-stage mortgage franchise introduces execution and funding uncertainty. Ramp lags and funding assumptions mean revenue contribution may be uneven; management must allocate capital and liquidity conservatively while the business matures, limiting near-term accretion certainty.

Competitive deposit dynamics can pressure margins

A structurally competitive deposit market raises funding costs when rates fall, increasing deposit betas and compressing NIM. Even with repricing tailwinds from securities and loans, sustained deposit competition can erode margin expansion and force trade-offs between growth and cost of funds over multiple quarters.

Bok Financial Business Overview & Revenue Model

Company Description

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through consumer branch network; and engages in the mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage and personal loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2021, it operated 2,593 TransFund ATM locations. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

How the Company Makes Money

BOK Financial generates revenue through multiple key streams. The primary source of income comes from net interest income, which is earned from the difference between the interest charged on loans and the interest paid on deposits. Additionally, the company earns non-interest income through fees for services such as wealth management, investment advisory, and mortgage origination. BOKF also benefits from its strong commercial banking segment, which provides business loans and treasury management services to businesses. Strategic partnerships with technology providers enhance its digital banking services, contributing to customer retention and acquisition. Overall, the company's diversified portfolio allows it to adapt to market changes and maintain a steady revenue flow.

Bok Financial Financial Statement Overview

Summary

Solid overall fundamentals driven by strong cash generation and stable leverage. Cash flow is a key positive (TTM free cash flow growth 74.8% and FCF-to-net income 0.97), and the balance sheet looks stable (debt-to-equity 0.70, ROE ~9.2%). The main offset is weaker top-line momentum (TTM revenue down 20.4%) despite healthy profitability (net margin 16.5%, EBIT margin 21.2%).

Income Statement

Bok Financial's income statement shows a mixed performance. The TTM data reveals a significant revenue decline of 20.4%, indicating potential challenges in maintaining growth. However, the company maintains a healthy net profit margin of 16.5% and an EBIT margin of 21.2%, reflecting operational efficiency. The historical data shows fluctuating revenue growth rates, with a notable increase in 2023. Overall, while profitability remains strong, the recent revenue decline is a concern.

Balance Sheet

The balance sheet of Bok Financial indicates a stable financial position with a debt-to-equity ratio of 0.70 in the TTM, showing a decrease from previous years, which suggests improved leverage management. The return on equity (ROE) is consistent at around 9.2%, indicating efficient use of equity to generate profits. The equity ratio is not explicitly calculated, but the company's equity position appears solid relative to its assets. Overall, the balance sheet reflects a stable financial structure with manageable debt levels.

Cash Flow

Bok Financial's cash flow statement shows a strong free cash flow growth of 74.8% in the TTM, highlighting improved cash generation capabilities. The free cash flow to net income ratio is high at 0.97, indicating effective conversion of income into cash. Historical data shows fluctuations in operating cash flow, but the recent improvement is a positive sign. Overall, the cash flow position is robust, with significant growth in free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.24B	3.36B	3.05B	2.00B	1.83B	2.05B
Gross Profit	1.99B	1.92B	1.93B	1.79B	1.87B	1.67B
EBITDA	797.13M	771.95M	793.14M	767.72M	898.57M	662.88M
Net Income	536.84M	523.57M	530.75M	520.27M	618.12M	435.03M
Balance Sheet
Total Assets	50.19B	49.69B	49.82B	47.79B	50.25B	46.67B
Cash, Cash Equivalents and Short-Term Investments	4.61B	14.29B	13.63B	12.90B	16.00B	14.23B
Total Debt	4.21B	4.45B	8.96B	7.14B	2.49B	3.82B
Total Liabilities	44.17B	44.13B	44.68B	43.10B	44.88B	41.38B
Stockholders Equity	6.02B	5.55B	5.14B	4.68B	5.36B	5.27B
Cash Flow
Free Cash Flow	1.52B	1.43B	66.18M	5.12B	-3.69B	-416.26M
Operating Cash Flow	1.52B	1.43B	66.18M	5.12B	-3.69B	-416.26M
Investing Cash Flow	-921.23M	-477.23M	-1.79B	-4.60B	2.60B	-2.46B
Financing Cash Flow	-647.28M	-866.79M	1.67B	-1.95B	2.75B	2.80B

Bok Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 130.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 130.3 is above the 20-day moving average (MA) of 127.58, above the 50-day MA of 121.02, and above the 200-day MA of 106.81, indicating a bullish trend. The MACD of 3.00 indicates Positive momentum. The RSI at 61.69 is Neutral, neither overbought nor oversold. The STOCH value of 25.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOKF.

Bok Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PNFP	73 Outperform	$14.38B	12.08	9.44%	0.95%	7.76%	49.85%
BOKF	72 Outperform	$8.22B	14.08	9.13%	1.93%	-2.81%	14.96%
CADE	71 Outperform	$7.69B	14.87	9.22%	2.52%	14.58%	-19.97%
OZK	70 Outperform	$5.39B	7.70	12.09%	3.68%	2.79%	2.11%
PB	68 Neutral	$6.56B	12.07	7.09%	3.31%	0.55%	19.13%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Bok Financial Corporate Events

BOK Financial Posts Record Quarterly and Full-Year Earnings

For the fourth quarter ended December 31, 2025, BOK Financial Corporation reported record quarterly earnings of $177.3 million, or $2.89 per diluted share, and record full-year 2025 earnings of $578.0 million, or $9.17 per diluted share, driven by higher net interest income and solid fee and commission revenues. Net interest income rose to $345.3 million in the quarter, with net interest margin improving to 2.98%, while fees and commissions climbed to $214.9 million on stronger trading, fiduciary and asset management, and transaction card revenue. Loans grew by $786 million during the quarter to $25.7 billion, primarily in commercial portfolios, and deposits increased by $935 million to $39.4 billion, leaving the loan-to-deposit ratio unchanged at 65%. Credit quality remained strong, with nonperforming assets steady at $75 million, or 0.29% of loans and repossessed assets, and annualized quarterly net charge-offs at 0.02% of average loans. For 2025 as a whole, net interest income increased by $116.6 million to $1.3 billion and net interest margin improved to 2.87%, while operating expenses rose to $1.4 billion but net charge-offs declined to 0.03% of average loans, underscoring the benefits of BOK Financial’s diversified business model and disciplined risk approach. Capital ratios remained robust despite a sizable share repurchase program in the fourth quarter, signaling management’s confidence in the bank’s earnings power and growth prospects.

The most recent analyst rating on (BOKF) stock is a Hold with a $124.00 price target. To see the full list of analyst forecasts on Bok Financial stock, see the BOKF Stock Forecast page.

BOK Financial Highlights Strategic Focus in Presentation

On November 17, 2025, BOK Financial Corporation released an investor presentation on its website, highlighting its strategic focus on long-term value creation and diverse revenue streams. The presentation emphasized the company’s robust fee income businesses, strong core deposit franchise, and disciplined loan portfolio management, positioning it favorably in the financial services industry.

The most recent analyst rating on (BOKF) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on Bok Financial stock, see the BOKF Stock Forecast page.

BOK Financial Prices $400M Subordinated Notes Offering

On November 3, 2025, BOKF, NA, a subsidiary of BOK Financial Corporation, successfully priced $400 million in 6.108% Fixed-Rate Reset Subordinated Notes due 2040. The offering, exempt from registration under the Securities Act of 1933, is expected to settle on November 6, 2025, and the proceeds will be used for general corporate purposes, with the Notes expected to be treated as Tier II regulatory capital.

The most recent analyst rating on (BOKF) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on Bok Financial stock, see the BOKF Stock Forecast page.