Bok Financial (BOKF) AI Stock Analysis

• Market Cap: $7.59B
• Dividend Yield: 1.95%
• Average Volume (3M): 317.93K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.83
• Revenue Growth: -2.81%
• EPS Growth: 14.96%
• Country: US
• Employees: 5,030
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.22
• Shares Outstanding: 63,247,677
• 10 Day Avg. Volume: 272,965
• 30 Day Avg. Volume: 317,928
• PEG Ratio: 8.66
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 2.02
• P/FCF Ratio: 5.39
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: 3.19
• Enterprise Value/Gross Profit: 5.19
• Enterprise Value/Ebitda: 12.97
• 1Y Price Target: $122.29
• Price Target Upside: 1.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 8.46
• Revenue Forecast (FY): $2.13B

• Rating: 73 Outperform
• Price Target: $129.00 ▲(7.52% Upside)

Bok Financial's overall stock score reflects its solid financial performance, positive technical indicators, and strategic corporate events. The company's strong profitability, cash flow generation, and strategic focus on diverse revenue streams are significant strengths. While the valuation is reasonable, the recent revenue decline and approaching overbought technical indicators warrant cautious optimism.

Positive Factors

Diversified Revenue Streams

BOK Financial's focus on diverse revenue streams, including fee income and a strong deposit franchise, supports long-term stability and adaptability to market changes.

Strong Cash Flow Generation

Robust cash flow growth enhances financial flexibility, allowing BOK Financial to invest in growth opportunities and manage economic downturns effectively.

Improved Leverage Management

Improved leverage management reduces financial risk, ensuring a stable balance sheet and supporting long-term operational sustainability.

Negative Factors

Revenue Decline

A notable revenue decline poses challenges for growth, potentially impacting long-term profitability and market competitiveness if not addressed.

Rising Operating Expenses

Increased operating expenses can pressure margins, potentially affecting profitability and limiting resources for strategic investments.

Subordinated Notes Offering

Issuing subordinated notes increases debt, which may elevate financial risk and interest obligations, impacting future cash flow and financial flexibility.

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

Bok Financial demonstrates a solid financial performance with strong profitability and cash flow generation. Despite recent revenue challenges, the company maintains healthy margins and a stable balance sheet with improved leverage. The significant growth in free cash flow is a positive indicator of financial health. However, the recent revenue decline warrants attention to ensure sustainable growth.

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	1.49B	1.26B	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: 119.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 119.98 is above the 20-day moving average (MA) of 116.19, above the 50-day MA of 110.44, and above the 200-day MA of 102.81, indicating a bullish trend. The MACD of 2.83 indicates Negative momentum. The RSI at 67.81 is Neutral, neither overbought nor oversold. The STOCH value of 69.81 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
PB	79 Outperform	$6.78B	12.76	7.09%	3.28%	0.55%	19.13%
SNV	74 Outperform	$7.31B	9.83	14.32%	2.96%	8.90%	142.83%
BOKF	73 Outperform	$7.59B	14.29	9.13%	1.95%	-2.81%	14.96%
PNFP	73 Outperform	$7.81B	12.78	9.44%	0.95%	7.76%	49.85%
CADE	72 Outperform	$7.98B	15.77	9.10%	2.52%	14.58%	-19.97%
OZK	70 Outperform	$5.36B	7.63	12.35%	3.68%	2.79%	2.11%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Bok Financial Corporate Events

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.

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.

BOK Financial Reports Strong Q3 2025 Results

BOK Financial Corporation reported strong financial results for the third quarter of 2025, with a net income of $141 million, or $2.22 per share. The company experienced growth in net interest income, fees, and commissions revenue, and saw a significant increase in loans and deposits. Operating expenses rose due to higher personnel costs, but credit quality improved with a decline in nonperforming assets. The company’s capital ratios remained robust, and it repurchased shares during the quarter. CEO Stacy Kymes highlighted the company’s solid loan growth, improved net interest margin, and momentum in fee-based businesses, positioning BOK Financial for continued success.