Bok Financial ( (BOKF) ) has released its Q1 earnings. Here is a breakdown of the information Bok Financial presented to its investors.
BOK Financial Corporation is a regional financial services company headquartered in Tulsa, Oklahoma, offering commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network across eight states. In its first quarter of 2025, BOK Financial reported a net income of $119.8 million, or $1.86 per diluted share, a decline from the previous quarter’s $136.2 million, or $2.12 per share. Despite the decrease in net income, the company saw a slight increase in net interest income to $316.3 million, with a net interest margin expansion to 2.78%. However, fees and commissions revenue dropped by $22.8 million due to decreased brokerage and trading revenue, attributed to lower trading volumes and market volatility. Operating expenses remained stable at $347.5 million, with personnel expenses rising due to seasonal factors, while non-personnel expenses saw a reduction. Loans decreased by $424 million, primarily in the commercial sector, although there was growth in commercial real estate and loans to individuals. Deposits increased by $90 million, enhancing the company’s liquidity position. The company’s capital ratios remained strong, with a tangible common equity ratio of 9.48% and a Tier 1 capital ratio of 13.31%. Looking forward, BOK Financial’s management remains optimistic about its long-term success, emphasizing its strong capital and liquidity levels, despite challenges posed by market volatility.