BOK Financial Corporation (NASDAQ:BOKF) Q4 2023 Earnings Conference Call January 24, 2024 10:00 AM ET Company Participants Martin Grunst - Chief Financial Officer Stacy Kymes - Chief Executive Officer Marc Maun - Executive Vice President, Regional Banking Scott Grauer - Executive Vice President, Wealth Management Conference Call Participants Jon Arfstrom - RBC Capital Markets Peter Winter - D.A. Davidson Ben Gerlinger - Citi Matt Olney - Stephens Inc. Will Jones - KBW Timur Braziler - Wells Fargo Securities ...

Financial Performance - Net income for Q4 2023 was $82.6 million, with diluted EPS of $1.26[32] - Net interest revenue decreased by 1.4% sequentially to $296.7 million[82] - The net interest margin decreased by 5 bps to 2.64%[82] - Total operating expense increased by 18.4% sequentially and 20.6% year-over-year[13] Balance Sheet & Loan Portfolio - Period-end loans increased by 0.8% sequentially to $23.9 billion[53] - Period-end deposits increased by 1.1% sequentially to $34.0 billion[53] - Total Commercial Real Estate balances increased 1.8% sequentially to $5,337.6 million[36] - Uninsured deposit balances excluding collateralized and consolidated subsidiary balances were $12.9 billion[10] Credit Quality - Trailing 12 months net charge-offs at 8 basis points[1] - The company's coverage ratio remained stable at approximately 179%[10] - Commercial Real Estate office exposure is less than 4% of outstanding period end total loan balances[38]

BOK Financial (BOKF) reported $501.56 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 8.8%. EPS of $1.78 for the same period compares to $2.51 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $485.87 million, representing a surprise of +3.23%. The company delivered an EPS surprise of +3.49%, with the consensus EPS estimate being $1.72.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Wall Street analysts forecast that BOK Financial (BOKF) will report quarterly earnings of $1.72 per share in its upcoming release, pointing to a year-over-year decline of 31.5%. It is anticipated that revenues will amount to $485.87 million, exhibiting a decline of 11.6% compared to the year-ago quarter.The current level reflects a downward revision of 1.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...

The market expects BOK Financial (BOKF) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

Estimated uninsured deposits totaled $19.1 billion or 53 percent of our total deposits at September 30, 2023. In addition to insured deposits, we also hold $4.3 billion of collateralized deposits. Municipalities, Native American tribal governments and certain trustrelated deposits are all required to be collateralized. Excluding the impact of collateralized deposits and deposits related to consolidated subsidiaries, our uninsured and uncollateralized deposit level is $13.7 billion or 41 percent of total dep ...

BOK Financial Corporation (NASDAQ:BOKF) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Martin Grunst - CFO Stacy Kymes - CEO Marc Maun - EVP, Regional Banks Scott Grauer - EVP, Wealth Management Conference Call Participants Brady Gailey - KBW Peter Winter - D.A. Davidson Jon Arfstrom - RBC Capital Markets Brandon King - Truist Securities Matt Olney - Stephens Timur Braziler - Wells Fargo Securities Operator Greetings, and welcome to BOK Financial Corporation Third Quarter ...

and overall mortgage market pressures • Period-end deposit balances increased $358 million this quarter Forecast & assumptions Balanced Interest Rate Risk Position Legal Disclaimers Non-GAAP Financial Measures: This presentation may refer to non-GAAP financial measures. Additional information on these financial measures is available in BOK Financial's 10-Q and 10-K filings with the Securities and Exchange Commission which can be accessed at bokf.com. Q3 summary Q3 Earnings Conference Call October 25, 2023 F ...

A provision for credit losses is charged against or credited to earnings in amounts necessary to maintain an appropriate Allowance for Credit Losses. Recoveries of loans previously charged off are added to the allowance when received. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit is summarized as follows (in thousands): Three Months Ended June 30, 2023 | --- | --- | --- | --- | --- | --- | --- | - ...

BOK Financial Corporation (NASDAQ:BOKF) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Marty Grunst - Chief Financial Officer Stacy Kymes - Chief Executive Officer Marc Maun - Executive Vice President, Regional Banks Scott Grauer - Executive Vice President, Wealth Management Conference Call Participants Jared Shaw - Wells Fargo Securities Jon Arfstrom - RBC Capital Markets Brady Gailey - KBW Brandon King - Truist Securities Matt Olney - Stephens Operator Greetings, and welco ...