BOK Financial(US:BOKF)2023-07-26 16:24Financial Performance - Net income for Q2 2023 was $151.3 million, compared to $162.4 million in Q1 2023 and $132.8 million in Q2 2022[21] - Net interest revenue decreased by $30 million linked quarter[5], and was $322.3 million in Q2 2023, a decrease of 8.5% sequentially but an increase of 17.6% year-over-year[33] - Fee income accounted for 38% of total revenues[20] - Total fees and commissions reached $200.5 million in Q2 2023, a 7.8% increase sequentially and a 15.6% increase year-over-year[48] Balance Sheet - Period-end loans totaled $23.2 billion, reflecting a 2.1% increase sequentially and a 9.1% increase year-over-year[9] - Period-end deposits totaled $33.3 billion, showing a 2.2% increase sequentially but a 13.8% decrease year-over-year[9] - Average deposits declined by $1.1 billion in Q2[9] - Assets under management or administration increased to $103.6 billion, a 1.3% sequential increase and an 8.0% year-over-year increase[9] Credit Quality - Provision for credit losses was $17 million in Q2 2023[6, 21] - Net charge-offs were $6.7 million[6] - The combined allowance for credit losses was $323 million, representing 1.39% of total loans[46] Capital and Liquidity - The loan to deposit ratio was 69.8%[23, 53] - Uninsured deposit balances, excluding non-collateralized and consolidated subsidiary balances, were $13.4 billion, with a coverage ratio of approximately 175%[38] - Common Equity Tier 1 (CET1) including AOCI was 9.9%[38]