Education
About Us
Working with TipRanks
Follow Us
Bok Financial Corp. (BOKF)
NASDAQ:BOKF
Top Page
Bok Financial
(NASDAQ:BOKF)
68Neutral
Positive Factors
Balance Sheet
The balance sheet improved with an enhanced funding mix, despite lower loans.
Credit Conditions
Credit conditions remain positive, with non-performing loans declining to 0.35% of loans, which is better than expected.
Earnings
BOKF reported a solid quarter highlighted by better than expected net interest income paired with better than expected deposit growth.
Negative Factors
Financial Performance
Fees and expenses have shown weaker-than-expected trends, impacting overall financial performance.
Loan Growth
Loan growth is expected to slow down, which may weigh on near-term net interest income.
Operational Leverage
Negative operational leverage is likely in the first half of 2025, impacting short-term performance.
Bok Financial (BOKF) vs. S&P 500 (SPY)
Market Cap
$6.17B
Dividend Yield2.33%
Average Volume (3M)236.86K
Price to Earnings (P/E)11.0
Beta (1Y)1.03
Revenue Growth6.47%
EPS Growth26.85%
CountryUS
Employees5,030
SectorFinancial
Sector Strength88
IndustryBanks - Regional
Share Statistics
EPS (TTM)8.74
Shares Outstanding64,261,826
10 Day Avg. Volume271,973
30 Day Avg. Volume236,860
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.58
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.72
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$106.29Price Target Upside10.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Bok Financial Business Overview & Revenue Model
Company DescriptionBOK Financial Corporation (BOKF) is a diversified financial services company headquartered in Tulsa, Oklahoma. It operates through various segments including Commercial Banking, Consumer Banking, and Wealth Management. The company offers a wide range of products and services, such as commercial and industrial loans, personal loans, mortgages, treasury and cash management services, and investment management. BOK Financial serves a diverse clientele including individuals, businesses, and institutions across several states in the United States.
How the Company Makes MoneyBOK Financial generates revenue primarily through interest income from its lending activities, including commercial loans, consumer loans, and residential mortgages. Additionally, it earns non-interest income from fees and services such as wealth management, brokerage services, and transaction fees from treasury and cash management solutions. The company also benefits from its investment portfolio and gains from securities sales. Strategic partnerships with other financial institutions and a strong focus on cross-selling within its diverse business segments further enhance BOK Financial's earnings potential.
Bok Financial Financial Statement Overview
Summary
BOK Financial shows strong financial health with excellent revenue growth and profitability margins. The balance sheet is robust with minimal debt and high equity, enhancing financial stability. Cash flow has improved significantly, though the lack of capital expenditures may signal potential underinvestment.Income Statement
Bok Financial demonstrated strong revenue growth from $1.97 billion in 2023 to $2.64 billion in 2024, marking a significant growth trajectory. Gross profit margin is very high at approximately 99%, indicating efficient operations relative to revenue. The net profit margin is solid, although slightly decreased, due to a dip in net income from 2023 to 2024. EBIT and EBITDA margins are robust, reflecting strong operational performance.75
Positive
Balance Sheet
The company exhibits a strong equity position with a high equity ratio of 97.56% in 2024, reflecting financial stability and low reliance on debt financing. The debt-to-equity ratio is 0, indicating no debt burden, which greatly reduces financial risk. ROE decreased slightly to 9.44% in 2024, but remains healthy, showing effective utilization of shareholder equity.80
Positive
Cash Flow
Free cash flow in 2024 saw a significant increase compared to 2023, indicating improved cash management. The operating cash flow to net income ratio is strong at 0.59, reflecting good cash generation relative to net income. However, the free cash flow to net income ratio is unusually high due to no capital expenditures, which could indicate underinvestment in future growth.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.64B | 1.97B | 1.82B | 1.83B | 1.89B | Gross Profit |
| 2.62B | 1.05B | 1.04B | 948.44M | 910.89M | EBIT |
| 2.57B | 844.29M | 840.86M | 797.90M | 563.82M | EBITDA |
| 2.57B | 765.83M | 559.94M | 246.35M | 238.45M | Net Income Common Stockholders |
| 523.57M | 530.75M | 520.27M | 618.12M | 435.03M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 276.05M | 203.81M | 12.90B | 16.00B | 14.23B | Total Assets |
| 49.69B | 49.82B | 47.79B | 50.25B | 46.67B | Total Debt |
| 3.14B | 7.82B | 4.87B | 167.98M | 2.16B | Net Debt |
| 1.71B | 6.47B | 3.47B | -2.67B | 978.40M | Total Liabilities |
| 44.13B | 44.68B | 43.10B | 44.88B | 41.38B | Stockholders Equity |
| 5.55B | 5.14B | 4.68B | 5.36B | 5.27B |
| Cash Flow | Free Cash Flow | |||
| 1.43B | 66.18M | 4.91B | -3.90B | -557.39M | Operating Cash Flow |
| 1.43B | 66.18M | 5.12B | -3.69B | -416.26M | Investing Cash Flow |
| -477.23M | -1.79B | -4.60B | 2.60B | -2.46B | Financing Cash Flow |
| -866.79M | 1.67B | -1.95B | 2.75B | 2.80B |
Bok Financial Technical Analysis
Negative
96.04
Price Trends
98.60
Negative
104.51
Negative
104.98
Negative
Market Momentum
-1.34
Negative
54.41
Neutral
90.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOKF, the sentiment is Negative. The current price of 96.04 is above the 20-day moving average (MA) of 90.92, below the 50-day MA of 98.60, and below the 200-day MA of 104.98, indicating a neutral trend. The MACD of -1.34 indicates Negative momentum. The RSI at 54.41 is Neutral, neither overbought nor oversold. The STOCH value of 90.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOKF.
Bok Financial Risk Analysis
Bok Financial disclosed 24 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
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $6.79B | 12.34 | 9.29% | 2.64% | 13.68% | -6.57% | |
71 Outperform | $6.31B | 12.71 | 10.63% | 3.37% | -1.64% | 22.50% | |
70 Outperform | $6.66B | 13.35 | 6.83% | 3.26% | 9.03% | 20.88% | |
69 Neutral | $6.88B | 9.08 | 13.10% | 3.60% | 4.84% | 29.25% | |
68 Neutral | $6.17B | 10.99 | 10.17% | 2.33% | 6.47% | 26.85% | |
68 Neutral | $6.91B | 10.28 | 12.54% | 2.65% | 9.33% | 43.64% | |
64 Neutral | $12.64B | 9.74 | 8.05% | 17044.60% | 12.66% | -4.62% |
* Financial Sector Average
Performance Comparison
BOKF
Bok Financial
96.04
5.47
6.04%
ONB
Old National Bancorp Capital
21.24
4.42
26.28%
BPOP
Popular
99.61
12.96
14.96%
PB
Prosperity Bancshares
69.89
8.63
14.09%
SNV
Synovus
45.35
7.96
21.29%
ZION
Zions Bancorporation National Association
46.61
4.34
10.27%
Bok Financial Earnings Call Summary
Earnings Call Date:Apr 21, 2025
(Q1-2025)
| % Change Since: 7.13%|
Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment Neutral
The earnings call highlights BOK Financial's strong capital position, consistent risk management, and growth in net interest income. However, challenges in fee income, particularly in trading revenue, and contraction in the loan portfolio due to energy loans were notable lowlights. Despite these challenges, the overall performance and strategic expansions demonstrate resilience.Q1-2025 Updates
Positive Updates
Strong Capital and Liquidity Position
TCE reached 9.5% and CET1 reached 13.3%. Loan-to-deposit ratio is at 62%, which is one of the lowest in the peer group.
Record Earnings
Reported earnings of $119.8 million or EPS of $1.86 per diluted share for the first quarter.
Net Interest Income Growth
Net interest income was strong and continued to see net interest margin expansion for the third quarter in a row.
Exceptional Credit Quality
Nonperforming assets not guaranteed by the U.S. government remained exceptionally low, with net charge-offs averaging 4 basis points over the last 12 months.
Diverse Fee Income Streams
Mortgage banking revenue grew $1.7 million linked quarter, driven by higher mortgage production.
Expansion into New Business Lines
Progress in the mortgage finance and warehouse lending business with system implementation underway, expected to launch in September to October.
Negative Updates
Fee Income Decline
Total fee income decreased $22.8 million on a linked-quarter basis, impacted by market volatility and uncertainty in the trading business.
Loan Portfolio Contraction
Experienced contraction in the loan portfolio, mainly driven by a 12.1% decrease in energy loans linked quarter.
Reduced Trading Revenue
Trading revenue was $23.3 million, down from $37.7 million in the prior quarter due to lower MBS trading volumes and tightened spreads.
Economic Uncertainty Impact
Uncertainty surrounding U.S. domestic and foreign policy affected trading and fee income, with market volatility impacting performance.
Company Guidance
During the BOK Financial Corporation's First Quarter 2025 Earnings Conference Call, the company provided guidance on several key financial metrics. BOK Financial reported earnings of $119.8 million, translating to an EPS of $1.86 per diluted share. The company highlighted its strong capital position, with tangible common equity (TCE) reaching 9.5% and common equity tier 1 (CET1) at 13.3%. The loan-to-deposit ratio was reported at 62%, one of the lowest in its peer group, supporting its liquidity position. The combined allowance for credit losses stood at 1.4% of outstanding loans, with net charge-offs averaging 4 basis points over the last 12 months. The company experienced a contraction in its loan portfolio due to a 12.1% decrease in its energy loans, although commercial real estate loans increased by 2.1% quarter-over-quarter. BOK Financial also noted a trading-related net interest income increase, with a total liability beta of 74%. The company reiterated its commitment to strategic growth and long-term value creation for shareholders, with plans to expand into mortgage finance and warehouse lending later in the year.Bok Financial Corporate Events
Financial Disclosures
BOK Financial Reports Q1 2025 Earnings Growth
Neutral
Apr 21, 2025
BOK Financial Corporation reported its first-quarter earnings for 2025, highlighting a net income of $120 million or $1.86 per share. The company experienced a slight increase in net interest income and margin, while fees and commissions revenue decreased due to market volatility. Operating expenses remained stable, with a notable increase in personnel costs. The company saw a decrease in commercial loans but an increase in commercial real estate loans and loans to individuals. Deposits grew, and the company maintained strong capital ratios. Despite challenges, BOK Financial’s diverse business model and robust risk management practices allowed it to navigate market disruptions effectively.
Spark’s Take on BOKF Stock
According to Spark, TipRanks’ AI Analyst, BOKF is a Outperform.
BOK Financial Corporation scores a solid 72, reflecting strong financial performance and positive earnings guidance. The company’s robust balance sheet and strategic growth initiatives are key strengths. However, bearish technical indicators and concerns about underinvestment weigh on the score. The valuation suggests potential upside, making it an attractive consideration for investors.
To see Spark’s full report on BOKF stock, click here.
Business Operations and Strategy
BOK Financial Highlights Strategic Focus in Investor Presentation
Positive
Feb 10, 2025
On February 10, 2025, BOK Financial Corporation released an investor presentation on its website, highlighting its strategic focus on long-term growth and diversification across various economic cycles. The presentation underscores the company’s disciplined loan portfolio management, with a significant emphasis on energy lending and healthcare banking, and a robust wealth management division, which manages substantial fiduciary assets and has gained industry recognition. The company’s strategic efforts aim to ensure consistent execution and organic growth, positioning BOK Financial favorably within the financial services industry.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.