Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 Williams Ctr TULSA OK 74172 |
Tel: | N/A |
Website: | https://www.bokfinancial.com |
IR: | See website |
Key People | ||
Stacy C. Kymes President, Chief Executive Officer, Director | Brad A. Vincent Executive Vice President - Specialized Industries Banking | Martin E. Grunst Chief Financial Officer, Executive Vice President |
Jeffrey A. Reid Chief Human Resource Officer, Executive Vice President | Derek S. Martin Executive Vice President, Chief Information Officer | Mindy M. Mahaney Executive Vice President, Chief Risk Officer |
James A. Dietz Executive Vice President, Chief Credit Officer | Scott B. Grauer Executive Vice President - Wealth Management, Chief Executive Officer of BOK Financial Securities | Rebecca D. Keesling Executive Vice President, Chief Auditor | Marc C. Maun Executive Vice President - Regional Banking |
Business Overview |
BOK Financial Corporation is a financial holding company. It offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking and Wealth Management. Its Commercial Banking segment includes lending, treasury and cash management services and customer commodity risk management products for small businesses, middle market and larger commercial customers. It also includes the TransFund electronic funds network. Its Consumer Banking segment includes retail lending and deposit services, lending and deposit services to small business customers served through the retail branch network and all mortgage loan origination and servicing activities. Wealth Management segment offers brokerage and trading activities mainly related to providing liquidity to the mortgage markets through trading of United States government agency mortgage-backed securities and related derivative contracts. |
Financial Overview |
For the three months ended 31 March 2024, BOK Financial Corp interest income increased 25% to $645.2M. Net interest income after loan loss provision decreased 15% to $285.6M. Net income applicable to common stockholders decreased 48% to $83M. Net interest income after loan loss provision reflects Commercial segment decrease of 10% to $241M, Wealth Management segment decrease of 26% to $40.1M, Net Interest Margin, Total -% decrease of 24% to 2.61%. |
Employees: | 4,936 as of Mar 31, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,342M as of Mar 31, 2024 |
Annual revenue (TTM): | $2,471M as of Mar 31, 2024 |
EBITDA (TTM): | $1,225M as of Mar 31, 2024 |
Net annual income (TTM): | $448.41M as of Mar 31, 2024 |
Free cash flow (TTM): | -$2,510M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $261.58M as of Mar 31, 2024 |
Shares outstanding: | 76,793,000 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |