Bok Financial (BOKF) AI Stock Analysis

• Market Cap: $7.84B
• Dividend Yield: 1.93%
• Average Volume (3M): 267.86K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.86
• 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: 60,696,693
• 10 Day Avg. Volume: 330,038
• 30 Day Avg. Volume: 267,861
• PEG Ratio: 0.98
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 2.17
• P/FCF Ratio: 12.54
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 3.37
• Enterprise Value/Gross Profit: 5.29
• Enterprise Value/Ebitda: 14.13
• 1Y Price Target: $132.00
• Price Target Upside: 2.14% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $149.00 ▲(15.30% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is driven by strong technical uptrend and a notably positive earnings-call outlook (record performance and constructive 2026 guidance). These strengths are tempered by meaningful cash-flow volatility within financial performance, while valuation appears reasonable rather than deeply discounted.

Positive Factors

Fee-heavy revenue mix

A fee-rich model (38% of revenue) materially diversifies earnings away from interest-rate cycles, supporting more stable revenue and margins over time. Recurring asset management, transaction and card fees underpin durable profitability and reduce sensitivity to loan/NIM swings.

Strong credit metrics

Very low net charge-offs and a healthy allowance indicate disciplined underwriting and low credit losses. Strong asset quality preserves capital, enables steady loan growth and supports consistent returns through economic cycles, enhancing resilience for the bank's core franchise.

Improved leverage and capital flexibility

Material de-leveraging versus prior years and higher equity strengthen financial flexibility, allowing opportunistic buybacks and lending growth. A healthier leverage profile reduces balance-sheet risk and supports capital deployment without jeopardizing regulatory buffers.

Negative Factors

Volatile cash generation

Large swings in operating and free cash flow reduce predictability for capital allocation, dividend coverage and buybacks. Persistent variability increases the risk that capital returns or reinvestment plans could be curtailed during stress, weakening long-term planning.

Deposit/funding competition

Sustained competitive deposit markets push up deposit betas and funding costs, pressuring NIM over time. If deposit betas re-price upward during rate moves, margin expansion from repricing could be offset, limiting durable net-interest-income growth.

Rising debt trend since 2024

An uptick in total debt after prior de-leveraging raises refinancing and leverage exposure, which can constrain flexibility if credit or rates deteriorate. With ROE plateauing, higher leverage risks may not translate into stronger shareholder returns.

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 profitability and improving leverage support the profile (income statement 74; balance sheet 71), but the weak/volatile cash-flow picture (cash flow 46, including a sharp 2025 free-cash-flow drop vs 2024) materially drags the financial-performance score.

Income Statement

Revenue has risen over the last several years (2022–2025), with 2025 showing strong year-over-year growth, and profitability remains solid with a healthy 2025 net margin (~17%) and EBIT margin (~21%). That said, margins are below the unusually high levels seen in 2021–2022, and net income is still slightly below the 2021 peak—indicating profitability has normalized and is not consistently expanding.

Balance Sheet

Leverage improved materially versus 2022–2023 (debt-to-equity moved from ~1.5–1.7x down to ~0.78x in 2025), which strengthens financial flexibility. Equity has also grown since 2022, supporting a larger balance sheet. The key watch item is that total debt has been rising again since 2024, and returns on equity are steady but not accelerating (~9–10% in 2024–2025).

Cash Flow

Cash generation is volatile: operating cash flow swung from deeply negative in 2020–2021 to very strong in 2022, then collapsed in 2023 and fell sharply again in 2025 versus 2024 (with free cash flow down ~62% in 2025). While 2024–2025 operating cash flow remains positive, the large year-to-year variability reduces confidence in cash flow stability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.33B	3.36B	3.05B	2.00B	1.83B
Gross Profit	2.12B	1.92B	1.93B	1.79B	1.87B
EBITDA	793.89M	771.95M	793.14M	767.72M	898.57M
Net Income	577.99M	523.57M	530.75M	520.27M	618.12M
Balance Sheet
Total Assets	52.24B	49.69B	49.82B	47.79B	50.25B
Cash, Cash Equivalents and Short-Term Investments	7.05B	14.29B	13.63B	12.90B	16.00B
Total Debt	4.63B	4.45B	8.96B	7.14B	2.49B
Total Liabilities	46.32B	44.13B	44.68B	43.10B	44.88B
Stockholders Equity	5.92B	5.55B	5.14B	4.68B	5.36B
Cash Flow
Free Cash Flow	575.64M	1.43B	66.18M	5.12B	-3.69B
Operating Cash Flow	575.64M	1.43B	66.18M	5.12B	-3.69B
Investing Cash Flow	-2.60M	-477.23M	-1.79B	-4.60B	2.60B
Financing Cash Flow	-699.44M	-866.79M	1.67B	-1.95B	2.75B

Bok Financial Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 129.23
• 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 Neutral. The current price of 129.23 is below the 20-day moving average (MA) of 132.79, above the 50-day MA of 127.15, and above the 200-day MA of 110.04, indicating a neutral trend. The MACD of 1.29 indicates Positive momentum. The RSI at 44.10 is Neutral, neither overbought nor oversold. The STOCH value of 21.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BOKF.

Bok Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOKF	73 Outperform	$7.84B	14.12	9.13%	1.93%	-2.81%	14.96%
PNFP	73 Outperform	$14.24B	12.02	9.44%	0.95%	7.76%	49.85%
OZK	70 Outperform	$5.52B	7.81	12.09%	3.68%	2.79%	2.11%
PB	68 Neutral	$6.92B	12.31	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 Highlights Diversified Growth in Investor Presentation

On February 9, 2026, BOK Financial Corporation posted a new investor presentation outlining its financial position, strategic focus and business mix as of December 31, 2025. The materials highlight a diversified loan portfolio spanning energy, healthcare and commercial real estate, a strong core deposit franchise across key Midwest and Southwest markets, and a fee-heavy revenue model in securities, asset management and payment processing that supports steady profitability and long-term, above-peer earnings growth.

The presentation underscores the bank’s long-standing emphasis on managing for long-term value over short-term results, pointing to a compound annual EPS growth rate that has outpaced a key regional bank index over three decades. For stakeholders, the updated data and strategic framing reinforce BOK Financial’s positioning as a disciplined, diversified regional player with concentrated strengths in energy lending, healthcare finance and transaction services, supported by solid credit quality, capital allocation discipline and robust fee income streams.

The most recent analyst rating on (BOKF) stock is a Buy with a $149.00 price target. To see the full list of analyst forecasts on Bok Financial stock, see the BOKF Stock Forecast page.

BOK Financial Declares Quarterly Cash Dividend to Shareholders

On February 3, 2026, BOK Financial Corporation’s board of directors declared a cash dividend of 63 cents per share on its common stock, reinforcing the company’s pattern of returning capital to shareholders. The dividend is scheduled to be paid on or about March 5, 2026, to shareholders of record as of February 19, 2026, underscoring ongoing capital distribution that may appeal to income-focused investors and reflects management’s confidence in the firm’s financial stability.

The most recent analyst rating on (BOKF) stock is a Hold with a $135.00 price target. To see the full list of analyst forecasts on Bok Financial stock, see the BOKF Stock Forecast page.

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.