Core Viewpoint - BOK Financial (BOKF) reported quarterly earnings of $1.86 per share, missing the Zacks Consensus Estimate of $2.01 per share, and showing a decline from $1.91 per share a year ago, indicating an earnings surprise of -7.46% [1][2] Financial Performance - The company posted revenues of $502.29 million for the quarter ended March 2025, which was 3.13% below the Zacks Consensus Estimate, compared to $455.27 million in the same quarter last year [2] - Over the last four quarters, BOK Financial has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - BOK Financial shares have declined approximately 14.4% since the beginning of the year, while the S&P 500 has decreased by 10.2% [3] - The current estimate revisions trend for BOK Financial is unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.10 on revenues of $533.8 million, and for the current fiscal year, it is $8.60 on revenues of $2.16 billion [7] - The outlook for the industry, particularly the Banks - Southwest sector, is favorable, ranking in the top 11% of over 250 Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]

Financial Performance - Net income for the first quarter of 2025 was $119.8 million, or $1.86 per diluted share, down from $136.2 million, or $2.12 per diluted share in the prior quarter[1]. - Net income attributable to BOK Financial Corporation shareholders rose to $119,777 thousand in Q1 2025, up 43% from $83,703 thousand in Q1 2024[45]. - Net income attributable to BOK Financial Corporation shareholders was $119,777,000, down from $136,154,000 in the previous quarter[49]. - Basic and diluted net income per share increased to $1.86 in Q1 2025, up from $1.29 in Q1 2024, representing a growth of 44.3%[45]. - Commercial Banking net income before taxes was $140.0 million, a decrease of $20.4 million from Q4 2024, with net interest income and fee revenue down by $22.9 million[36]. - Consumer Banking contributed $22.1 million to net income before taxes, a decrease of $1.5 million from the prior quarter, with average loans increasing by $59 million, or 3%[37]. - Wealth Management's net income before taxes was $32.7 million, down $16.2 million from Q4 2024, with average deposits increasing by $719 million, or 7%[38]. Revenue and Income Sources - Net interest income increased by $3.2 million to $316.3 million, with a net interest margin expanding to 2.78% from 2.75% in the previous quarter[1][3]. - Fees and commissions revenue decreased by $22.8 million to $184.1 million, primarily due to a $24.4 million drop in brokerage and trading revenue[1][7]. - Mortgage banking revenue increased by $1.7 million, supported by higher production as client demand begins to grow[9]. - Total other operating revenue for Q1 2025 was $186,041 thousand, an increase from $161,701 thousand in Q1 2024, marking a growth of 15.0%[45]. - Total other operating revenue decreased to $186,041 in Q1 2025 from $210,044 in Q4 2024, a decline of 11.43%[46]. Loan and Deposit Trends - Average outstanding loan balances rose by $44 million to $24.1 billion, driven by growth in commercial real estate loans and loans to individuals[1][4]. - Outstanding loans totaled $23.7 billion at March 31, 2025, a decrease of $424 million or 1.8% compared to December 31, 2024, primarily due to a decline in commercial loans[14]. - Total deposits increased to $38.3 billion at March 31, 2025, with interest-bearing transaction accounts increasing by $207 million[23]. - Period end deposits grew by $90 million to $38.3 billion, while average deposits increased by $540 million to $38.4 billion[1]. - The loan to deposit ratio was 62% at March 31, 2025, compared to 63% at December 31, 2024, indicating strong liquidity[22]. Asset Quality and Credit Risk - Nonperforming assets increased to $85 million, or 0.36% of outstanding loans, compared to $49 million, or 0.20%, at the end of the previous quarter[1]. - The allowance for loan losses to period-end loans was 1.18% in Q1 2025, slightly up from 1.17% in Q1 2024, showing a stable credit quality[62]. - The provision for credit losses was zero in Q1 2025, compared to $8,000 thousand in Q1 2024[45]. - Total nonaccruing loans increased to $83.520 million in Q1 2025, compared to $46.725 million in Q4 2024, marking an increase of 78.6%[61]. - The total provision for credit losses was reported as $0 in Q1 2025, down from $2 million in Q3 2024, suggesting improved credit conditions[61]. Capital and Equity - The tangible common equity ratio improved to 9.48% from 9.17% at the end of the previous quarter[1]. - The company's common equity Tier 1 capital ratio was 13.31% at March 31, 2025, up from 13.03% at December 31, 2024[25]. - Period end shareholders' equity increased to $5,771,813 in Q1 2025 from $5,548,353 in Q4 2024, an increase of 4.02%[47]. - Book value per share rose to $89.82 in Q1 2025, up from $86.53 in Q4 2024, an increase of 2.64%[47]. Market and Economic Conditions - The fair value of the available-for-sale securities portfolio increased by $251 million to $13.1 billion at March 31, 2025, with a net unrealized loss of $364 million[31]. - The trading securities portfolio totaled $5.9 billion at March 31, 2025, an increase from $4.9 billion at December 31, 2024[32]. - The total cost of interest-bearing liabilities decreased to 3.42% in Q1 2025 from 4.08% in Q1 2024, reflecting a year-over-year decline of 0.66%[60]. - The tax-equivalent net interest margin for BOK Financial Corporation increased to 2.78% in Q1 2025, up from 2.61% in Q1 2024, reflecting a year-over-year improvement of 0.17%[60].

Group 1 - BOK Financial is perceived as a lender with high exposure to the energy sector, prompting a closer examination of its balance sheet [1] - The investment group European Small Cap Ideas focuses on high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1] Group 2 - The article does not provide any specific financial data or performance metrics related to BOK Financial or the investment group [1]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for BOK Financial, with a focus on how actual results compare to estimates, which could significantly impact stock price [1][2]. Earnings Expectations - BOK Financial is expected to report quarterly earnings of $2.01 per share, reflecting a year-over-year increase of +5.2% [3]. - Revenues are projected to be $518.5 million, representing a 13.9% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for BOK Financial is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.50%, suggesting a bearish sentiment among analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with a strong predictive power for positive readings [6][8]. - BOK Financial's current Zacks Rank is 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, BOK Financial exceeded expectations by delivering earnings of $2.12 per share against an expected $1.97, resulting in a surprise of +7.61% [12]. - The company has beaten consensus EPS estimates in each of the last four quarters [13]. Industry Comparison - BancFirst, another player in the Southwest banking industry, is expected to report earnings of $1.58 per share, with a year-over-year change of +5.3% and revenues of $159.9 million, up 5.9% [17]. - BancFirst has an Earnings ESP of 2.22% but carries a Zacks Rank of 4 (Sell), complicating predictions for an earnings beat [18].

Company Overview - BOK Financial (BOKF) is headquartered in Tulsa and operates in the Finance sector, with a stock price change of -3.57% since the start of the year [3] - The company currently pays a dividend of $0.57 per share, resulting in a dividend yield of 2.22%, which is higher than the Banks - Southwest industry's yield of 1.16% and the S&P 500's yield of 1.57% [3] Dividend Performance - BOK Financial's current annualized dividend of $2.28 represents a 2.7% increase from the previous year [4] - Over the last 5 years, the company has increased its dividend 5 times, averaging an annual increase of 2.01% [4] - The current payout ratio is 28%, indicating that the company paid out 28% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for BOK Financial's earnings in 2025 is $8.60 per share, with an expected increase of 4.37% from the previous year [5] Investment Considerations - BOK Financial is viewed as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7] - Income investors are generally attracted to dividends for various reasons, including tax advantages and reduced portfolio risk [6]

Core Viewpoint - BOK Financial Corporation (BOKF) is positioned for organic growth due to steady loan demand, robust deposit balances, and solid credit quality, although rising expenses are a concern [1]. Factors Aiding BOKF - **Loan & Deposits Growth**: BOKF has experienced continuous loan growth with a compound annual growth rate (CAGR) of 2% from 2018 to 2024, despite a decline in 2021. Deposits have shown a rising trend with a six-year CAGR of 7.1% [2]. - **Improving Asset Quality**: The company has seen a significant decline in non-performing assets with a negative CAGR of 24.6% over five years, and net charge-offs (NCOs) have also decreased with a negative CAGR of 40.9% during the same period [3]. - **Steady Capital Distribution**: BOKF has consistently increased dividends, with a 3.6% hike to 57 cents per share in October 2024. The company also has a share repurchase authorization of 5 million shares, with 1.54 million shares remaining as of December 31, 2024 [4]. What's Hurting BOK Financial - **Escalating Expenses**: Operating expenses have risen with a CAGR of 3.4% over the last six years, driven by investments in technology and increased employee compensation [5]. - **Loan Concentration**: A significant portion of BOKF's loan portfolio consists of commercial loans, which make up 62.3% of total loans as of December 31, 2024. This concentration may pose risks if the economic environment deteriorates [6]. BOKF Price Performance & Zacks Rank - BOKF shares have increased by 29.1% over the past year, slightly outperforming the industry average of 28.8% [7]. The company currently holds a Zacks Rank of 1 (Strong Buy) [9]. Peers Worth Considering - Other top-ranked bank stocks include BancFirst Corporation (BANF) and Cullen/Frost Bankers, Inc. (CFR), both of which have seen upward revisions in earnings estimates and significant share price gains over the past year [10][11].

Here are two stocks with buy rank and strong income characteristics for investors to consider today, February 25th:BOK Financial (BOKF) : This regional financial services company which provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.1%, compare ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission File No. 001-37811 BOK FINANCIAL CORP (Exact name of registrant as specified in its charter) OK 73-1373454 (State or other jurisdic ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yie ...

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