BOK Financial (BOKF) Financials

$111.11 +2.65 (+2.44%)

Closing price 04:00 PM Eastern

Extended Trading

$111.12 +0.00 (+0.00%)

As of 04:10 PM Eastern

Annual Income Statements for BOK Financial

This table shows BOK Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	289	233	335	446	501	435	618	520	531	524
Consolidated Net Income / (Loss)	292	232	336	446	501	435	616	520	531	524
Net Income / (Loss) Continuing Operations	292	232	336	446	501	435	616	520	531	524
Total Pre-Tax Income	432	339	518	565	631	564	796	660	683	667
Total Revenue	1,362	1,421	1,537	1,602	1,808	1,951	1,874	1,855	2,062	2,050
Net Interest Income / (Expense)	703	747	842	985	1,113	1,108	1,118	1,211	1,272	1,211
Total Interest Income	767	829	973	1,228	1,532	1,269	1,180	1,392	2,342	2,636
Loans and Leases Interest Income	543	594	705	900	1,131	896	775	983	1,635	1,766
Investment Securities Interest Income	208	210	232	250	374	359	398	398	675	842
Deposits and Money Market Investments Interest Income	-	-	-	-	-	2.83	1.06	12	32	28
Total Interest Expense	63	82	131	244	419	161	62	181	1,070	1,426
Deposits Interest Expense	44	40	54	96	176	90	33	122	627	1,026
Short-Term Borrowings Interest Expense	14	35	69	138	228	57	18	52	435	391
Long-Term Debt Interest Expense	5.10	6.30	8.24	9.83	15	14	11	6.49	8.95	9.22
Total Non-Interest Income	658	674	695	617	695	842	756	643	790	840
Other Service Charges	269	686	681	643	702	810	668	657	781	810
Net Realized & Unrealized Capital Gains on Investments	13	-9.62	14	-31	47	112	46	-94	12	11
Other Non-Interest Income	121	-2.19	0.17	4.67	-54	-80	42	80	-3.12	18
Provision for Credit Losses	34	65	-7.00	8.00	44	223	-100	30	46	18
Total Non-Interest Expense	896	1,018	1,026	1,028	1,133	1,164	1,178	1,164	1,333	1,366
Salaries and Employee Benefits	515	553	573	583	661	688	695	671	767	811
Net Occupancy & Equipment Expense	198	212	233	213	235	248	260	283	303	313
Marketing Expense	28	27	29	31	36	15	16	26	32	33
Property & Liability Insurance Claims	20	32	20	23	21	20	16	18	31	31
Other Operating Expenses	128	183	154	152	160	173	172	151	143	160
Amortization Expense	4.36	6.86	6.78	9.62	21	20	18	16	14	12
Other Special Charges	1.45	3.36	9.69	17	-	-	0.00	0.00	44	5.52
Income Tax Expense	139	106	183	119	130	129	180	140	152	143
Net Income / (Loss) Attributable to Noncontrolling Interest	3.69	-0.39	1.04	0.78	-0.07	0.04	-1.80	0.02	0.39	-0.02
Basic Earnings per Share	$4.22	$3.53	$5.11	$6.63	$7.03	$6.19	$8.95	$7.68	$8.02	$8.14
Weighted Average Basic Shares Outstanding	67.59M	65.09M	64.75M	66.63M	70.79M	69.84M	68.59M	67.21M	65.65M	63.75M
Diluted Earnings per Share	$4.21	$3.53	$5.11	$6.63	$7.03	$6.19	$8.95	$7.68	$8.02	$8.14
Weighted Average Diluted Shares Outstanding	67.69M	65.14M	64.81M	66.66M	70.80M	69.84M	68.59M	67.21M	65.65M	63.75M
Weighted Average Basic & Diluted Shares Outstanding	68.40M	65.90M	65.44M	67.19M	70.69M	69.58M	68.32M	66.97M	65.06M	64.23M
Cash Dividends to Common per Share	$1.69	$1.73	$1.77	$1.90	$2.01	$2.05	$2.09	$2.13	$2.17	$2.22

This table shows BOK Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	157	168	162	151	134	83	84	164	140	136	120
Consolidated Net Income / (Loss)	157	168	162	152	134	83	84	164	140	136	120
Net Income / (Loss) Continuing Operations	157	168	162	152	134	83	84	164	140	136	120
Total Pre-Tax Income	196	216	208	196	168	111	107	211	173	175	155
Total Revenue	506	550	530	531	499	502	455	556	516	523	502
Net Interest Income / (Expense)	316	353	352	322	301	297	294	296	308	313	316
Total Interest Income	363	452	517	570	617	638	645	672	680	639	619
Loans and Leases Interest Income	266	331	369	400	427	439	440	448	455	423	397
Investment Securities Interest Income	94	178	107	161	182	225	130	141	218	353	141
Deposits and Money Market Investments Interest Income	3.52	5.82	6.51	9.55	8.20	8.10	7.01	7.78	7.13	6.32	6.23
Trading Account Interest Income	-	-	34	-	-	-	68	75	-	-	74
Total Interest Expense	47	99	164	248	316	342	352	376	372	326	302
Deposits Interest Expense	35	66	95	137	185	210	242	255	271	258	241
Short-Term Borrowings Interest Expense	10	31	67	109	129	129	107	119	99	66	59
Long-Term Debt Interest Expense	1.68	2.04	2.07	2.22	2.32	2.34	2.31	2.31	2.36	2.24	2.08
Total Non-Interest Income	190	197	178	209	198	205	162	260	208	210	186
Other Service Charges	193	194	186	200	198	197	201	200	202	207	184
Net Realized & Unrealized Capital Gains on Investments	-20	6.42	-2.06	-0.71	-7.74	22	-50	56	22	-17	9.17
Other Non-Interest Income	17	-2.90	-6.06	9.26	8.04	-14	11	3.45	-16	20	-7.24
Provision for Credit Losses	15	15	16	17	7.00	6.00	8.00	8.00	2.00	-	0.00
Total Non-Interest Expense	295	318	306	319	324	384	340	337	341	348	348
Salaries and Employee Benefits	170	186	182	191	191	203	203	191	207	211	214
Net Occupancy & Equipment Expense	71	72	73	75	78	76	76	76	80	81	81
Marketing Expense	6.13	7.47	8.57	7.64	6.96	8.63	7.98	8.25	7.68	9.37	8.82
Property & Liability Insurance Claims	4.31	4.68	7.32	6.97	8.00	8.50	8.74	7.32	8.19	6.86	6.59
Other Operating Expenses	39	44	31	35	37	41	42	51	37	30	35
Amortization Expense	3.94	3.74	3.39	3.47	3.47	3.54	3.00	2.90	2.86	2.86	2.65
Income Tax Expense	40	48	46	44	33	29	23	47	33	39	35
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	-0.04	0.13	0.33	-0.02	-0.05	-0.01	0.02	-0.03	-	-0.01
Basic Earnings per Share	$2.32	$2.49	$2.43	$2.27	$2.04	$1.28	$1.29	$2.54	$2.18	$2.13	$1.86
Weighted Average Basic Shares Outstanding	67.00M	67.21M	66.33M	65.99M	65.55M	65.65M	64.29M	63.71M	63.49M	63.75M	63.55M
Diluted Earnings per Share	$2.32	$2.49	$2.43	$2.27	$2.04	$1.28	$1.29	$2.54	$2.18	$2.13	$1.86
Weighted Average Diluted Shares Outstanding	67.00M	67.21M	66.33M	65.99M	65.55M	65.65M	64.29M	63.71M	63.49M	63.75M	63.55M
Weighted Average Basic & Diluted Shares Outstanding	67.25M	66.97M	66.60M	66.37M	65.66M	65.06M	64.52M	64.13M	64.12M	64.23M	64.26M
Cash Dividends to Common per Share	$0.53	$0.54	$0.54	$0.54	$0.54	$0.55	$0.55	$0.55	$0.55	$0.57	$0.57

This table details how cash moves in and out of BOK Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	168	-106	-220	-1,174	115	-78	1,657	-1,436	-53	86
Net Cash From Operating Activities	296	-92	215	-552	-474	-416	-3,693	5,122	66	1,430
Net Cash From Continuing Operating Activities	296	-92	215	-552	-474	-416	-3,693	5,122	66	1,430
Net Income / (Loss) Continuing Operations	292	232	336	446	501	435	616	520	531	524
Consolidated Net Income / (Loss)	292	232	336	446	501	435	616	520	531	524
Provision For Loan Losses	34	65	-7.00	8.00	44	223	-100	30	46	18
Depreciation Expense	38	47	54	61	95	99	102	108	110	105
Amortization Expense	55	42	29	31	-17	5.36	18	9.22	-20	-45
Non-Cash Adjustments to Reconcile Net Income	-79	-48	57	47	-23	-72	-50	-26	132	-224
Changes in Operating Assets and Liabilities, net	-44	-430	-254	-1,145	-1,073	-1,107	-4,280	4,481	-733	1,052
Net Cash From Investing Activities	-2,001	-286	740	-1,808	-2,324	-2,459	2,603	-4,603	-1,791	-477
Net Cash From Continuing Investing Activities	-2,001	-286	740	-1,808	-2,324	-2,459	2,603	-4,603	-1,791	-477
Purchase of Investment Securities	-5,447	-3,300	-3,208	-4,148	-5,525	-5,941	-1,797	-7,324	-4,439	-3,822
Divestitures	-	-	-	-	-	-	0.00	0.00	33	0.00
Sale and/or Maturity of Investments	3,411	2,981	4,016	2,302	3,175	3,489	4,410	2,711	2,701	3,244
Other Investing Activities, net	34	33	-69	38	25	-6.36	-10	9.63	-86	101
Net Cash From Financing Activities	1,873	272	-1,175	1,186	2,913	2,797	2,747	-1,955	1,672	-867
Net Cash From Continuing Financing Activities	1,873	272	-1,175	1,186	2,913	2,797	2,747	-1,955	1,672	-867
Net Change in Deposits	-53	1,061	-687	-87	2,357	8,523	5,098	-6,761	-461	4,172
Issuance of Debt	2,548	145	-	1,295	-	-5,091	-1,269	4,610	-	-4,527
Issuance of Common Equity	6.71	12	4.37	-	-0.01	-4.93	-4.87	-4.91	-4.94	-3.76
Repurchase of Common Equity	-230	-67	-7.40	-54	-129	-76	-118	-155	-177	-90
Payment of Dividends	-115	-113	-116	-127	-143	-144	-144	-144	-143	-143
Other Financing Activities, Net	-162	67	-358	158	-282	-410	-665	500	655	-275
Cash Interest Paid	66	83	128	243	417	160	69	176	1,045	1,428
Cash Income Taxes Paid	102	80	122	92	87	136	135	80	174	101

This table details how cash moves in and out of BOK Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-428	-207	-38	83	-72	-27	-193	-80	400	-41	-18
Net Cash From Operating Activities	909	-2,222	2,465	-3,025	1,088	-462	179	464	247	541	20
Net Cash From Continuing Operating Activities	909	-2,222	2,465	-3,025	1,083	-457	179	464	247	541	20
Net Income / (Loss) Continuing Operations	157	168	162	152	134	83	84	164	140	136	120
Consolidated Net Income / (Loss)	157	168	162	152	134	83	84	164	140	136	120
Provision For Loan Losses	15	15	16	17	7.00	6.00	8.00	8.00	2.00	-	0.00
Depreciation Expense	27	27	27	30	24	29	26	26	26	27	27
Amortization Expense	2.26	0.54	-4.16	-4.57	-5.48	-5.77	-8.92	-11	-12	-13	-13
Non-Cash Adjustments to Reconcile Net Income	35	46	72	-126	-21	206	-47	-125	26	-78	64
Changes in Operating Assets and Liabilities, net	672	-2,478	2,192	-3,093	944	-775	117	402	64	469	-179
Net Cash From Investing Activities	-951	-2,277	-313	-656	-637	-185	-597	-522	781	-139	435
Net Cash From Continuing Investing Activities	-951	-2,277	-313	-656	-637	-185	-597	-522	781	-139	435
Purchase of Investment Securities	-1,533	-2,821	-877	-1,043	-1,215	-1,303	-1,901	-1,134	25	-811	-243
Sale and/or Maturity of Investments	573	523	554	408	561	1,179	1,256	564	761	663	713
Other Investing Activities, net	8.45	21	9.86	-20	18	-94	48	48	-4.87	9.63	-35
Net Cash From Financing Activities	-386	4,292	-2,189	3,764	-523	620	225	-21	-628	-444	-473
Net Cash From Continuing Financing Activities	-386	4,292	-2,189	3,764	-523	620	225	-21	-628	-444	-473
Net Change in Deposits	-2,203	-1,935	-1,900	714	358	367	1,364	858	985	964	90
Issuance of Common Equity	-	-	-4.50	-0.19	-	-0.25	-3.19	-0.44	-0.07	-0.06	-5.42
Repayment of Debt	143	-	-	-	-302	-104	-840	-	-	-	-340
Repurchase of Common Equity	-50	-32	-44	-23	-60	-50	-52	-38	-	-0.08	-0.99
Payment of Dividends	-35	-36	-36	-36	-36	-36	-36	-35	-35	-37	-36
Other Financing Activities, Net	1,759	157	473	222	-484	443	-208	-155	295	-207	-181
Cash Interest Paid	46	95	164	237	305	339	348	394	355	330	302
Cash Income Taxes Paid	0.29	12	0.73	123	32	18	1.27	38	29	33	1.47

This table presents BOK Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	31,476	32,772	32,272	38,021	42,172	46,671	49,291	47,791	49,825	49,686
Cash and Due from Banks	2,644	621	603	742	736	799	712	944	948	1,044
Interest Bearing Deposits at Other Banks	-	1,917	1,715	402	523	382	2,125	458	401	391
Trading Account Securities	10,793	10,328	10,222	11,923	14,609	19,181	23,838	19,724	20,212	20,106
Loans and Leases, Net of Allowance	15,716	16,744	16,923	21,449	21,540	22,619	19,949	22,321	23,628	23,835
Loans and Leases	15,941	16,990	17,153	21,657	21,751	23,008	20,206	22,557	23,905	24,115
Allowance for Loan and Lease Losses	226	246	231	207	211	389	256	236	277	280
Accrued Investment Income	163	773	179	205	232	246	223	274	318	281
Premises and Equipment, Net	306	326	317	330	536	551	574	565	622	634
Goodwill	385	449	447	1,049	1,048	1,048	1,045	1,045	1,045	1,045
Intangible Assets	44	47	29	135	125	113	92	76	60	47
Other Assets	1,116	1,267	1,617	1,786	2,641	1,731	733	2,384	2,592	2,303
Total Liabilities & Shareholders' Equity	31,476	32,772	32,272	38,021	42,172	46,671	50,249	47,791	49,825	49,686
Total Liabilities	28,208	29,466	28,754	33,577	37,308	41,380	44,881	43,103	44,679	44,135
Non-Interest Bearing Deposits	8,297	9,236	9,243	10,415	9,461	12,266	15,344	13,395	9,196	8,372
Interest Bearing Deposits	12,791	13,512	12,818	14,849	18,160	23,878	25,898	21,085	24,823	29,819
Federal Funds Purchased and Securities Sold	491	58	575	1,018	3,818	1,662	2,326	2,270	1,123	1,293
Short-Term Debt	6,159	6,186	5,646	6,643	4,961	2,546	473	5,439	254	405
Long-Term Debt	226	145	145	276	276	276	131	131	7,833	3,161
Other Long-Term Liabilities	124	183	162	183	372	427	435	485	1,450	1,084
Total Equity & Noncontrolling Interests	3,268	3,306	3,518	4,443	4,864	5,292	5,368	4,687	5,145	5,551
Total Preferred & Common Equity	3,231	3,275	3,495	4,432	4,856	5,266	5,364	4,683	5,142	5,548
Total Common Equity	3,231	3,275	3,495	4,432	4,856	5,266	5,364	4,683	5,142	5,548
Common Stock	982	1,007	1,036	1,334	1,351	1,368	1,379	1,390	1,407	1,430
Retained Earnings	2,704	2,823	3,048	3,370	3,730	3,974	4,448	4,824	5,212	5,592
Treasury Stock	-477	-544	-553	-199	-330	-411	-535	-695	-877	-970
Accumulated Other Comprehensive Income / (Loss)	22	-11	-36	-73	105	336	72	-837	-599	-503
Noncontrolling Interest	37	32	23	11	8.12	25	4.64	4.71	2.98	2.60

This table presents BOK Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	43,645	45,524	49,238	48,931	50,160	50,403	50,082	50,472
Cash and Due from Banks	804	792	876	854	802	898	929	990
Interest Bearing Deposits at Other Banks	805	572	572	521	354	178	547	426
Trading Account Securities	16,684	17,475	20,415	19,592	20,639	20,487	20,675	21,411
Loans and Leases, Net of Allowance	21,549	22,501	22,975	23,452	23,891	24,266	23,701	23,412
Loans and Leases	21,790	22,750	23,238	23,724	24,173	24,554	23,985	23,690
Allowance for Loan and Lease Losses	242	249	263	272	282	288	284	279
Accrued Investment Income	200	266	264	255	309	334	300	262
Premises and Equipment, Net	569	623	618	616	628	632	633	636
Goodwill	1,045	1,045	1,045	1,045	1,045	1,045	1,045	1,045
Intangible Assets	80	73	69	66	57	54	51	44
Other Assets	1,910	2,178	2,405	2,530	2,437	2,509	2,202	2,246
Total Liabilities & Shareholders' Equity	43,645	45,524	49,238	48,931	50,160	50,403	50,082	50,472
Total Liabilities	39,131	40,646	44,371	44,114	45,029	45,171	44,467	44,698
Non-Interest Bearing Deposits	14,985	11,607	10,783	9,974	8,414	8,840	8,260	8,288
Interest Bearing Deposits	21,431	20,974	22,512	23,678	26,969	27,401	28,967	29,993
Federal Funds Purchased and Securities Sold	627	1,600	5,447	2,723	1,262	814	744	852
Short-Term Debt	1,262	262	4,728	6,841	7,427	7,164	5,510	4,666
Other Short-Term Payables	212	-	229	244	319	306	340	291
Long-Term Debt	131	4,867	131	131	131	131	131	131
Other Long-Term Liabilities	483	1,336	541	522	506	515	515	475
Total Equity & Noncontrolling Interests	4,514	4,878	4,867	4,817	5,132	5,232	5,615	5,774
Total Preferred & Common Equity	4,510	4,875	4,864	4,814	5,129	5,229	5,612	5,772
Total Common Equity	4,510	4,875	4,864	4,814	5,129	5,229	5,612	5,772
Common Stock	1,385	1,397	1,402	1,405	1,411	1,417	1,425	1,436
Retained Earnings	4,692	4,950	5,066	5,165	5,260	5,388	5,493	5,675
Treasury Stock	-663	-744	-767	-826	-932	-970	-970	-977
Accumulated Other Comprehensive Income / (Loss)	-905	-729	-837	-929	-610	-606	-335	-362
Noncontrolling Interest	4.37	3.24	3.54	3.19	2.88	2.84	2.76	2.57

This table displays calculated financial ratios and metrics derived from BOK Financial's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.80%	4.36%	8.13%	4.22%	12.89%	7.89%	-3.94%	-1.02%	11.19%	-0.57%
EBITDA Growth	-1.66%	-18.56%	40.75%	9.28%	7.92%	-5.79%	37.21%	-15.26%	-0.49%	-5.99%
EBIT Growth	-1.82%	-21.54%	53.04%	9.11%	11.56%	-10.62%	41.19%	-17.08%	3.50%	-2.43%
NOPAT Growth	-1.09%	-20.52%	44.52%	32.99%	12.15%	-13.10%	41.66%	-15.58%	2.08%	-1.43%
Net Income Growth	-1.09%	-20.52%	44.52%	32.99%	12.15%	-13.10%	41.66%	-15.58%	2.08%	-1.43%
EPS Growth	-0.24%	-16.15%	44.76%	29.75%	6.03%	-11.95%	44.59%	-14.19%	4.43%	1.50%
Operating Cash Flow Growth	907.90%	-131.07%	333.75%	-356.83%	14.19%	12.12%	-787.09%	238.72%	-98.71%	2,061.36%
Free Cash Flow Firm Growth	5.29%	114.53%	167.22%	-342.07%	209.65%	37.43%	53.43%	-227.11%	48.27%	289.83%
Invested Capital Growth	26.17%	-0.17%	-3.41%	22.06%	-11.10%	-19.67%	-38.20%	104.56%	29.00%	-31.09%
Revenue Q/Q Growth	0.92%	0.28%	3.07%	2.46%	1.55%	2.43%	-3.18%	6.62%	-2.28%	1.06%
EBITDA Q/Q Growth	-3.34%	1.66%	9.87%	1.66%	1.01%	10.16%	-4.74%	8.65%	-12.41%	8.07%
EBIT Q/Q Growth	-1.90%	-4.22%	11.70%	0.32%	2.03%	11.64%	-5.67%	10.78%	-13.30%	10.61%
NOPAT Q/Q Growth	-1.52%	-4.59%	7.17%	8.77%	0.48%	11.23%	-5.74%	10.92%	-13.92%	11.41%
Net Income Q/Q Growth	-1.52%	-4.59%	7.17%	8.77%	0.48%	11.23%	-5.74%	10.92%	-13.92%	11.41%
EPS Q/Q Growth	-0.71%	-3.55%	7.13%	6.08%	1.15%	11.53%	-5.19%	11.30%	-13.11%	11.66%
Operating Cash Flow Q/Q Growth	89.90%	74.95%	-3.23%	-20,371.98%	61.15%	-144.12%	-329.32%	37.15%	103.91%	234.46%
Free Cash Flow Firm Q/Q Growth	-119.68%	118.02%	-39.08%	-545.15%	187.44%	-46.45%	11.96%	-736.75%	53.60%	362.28%
Invested Capital Q/Q Growth	0.89%	-13.88%	-10.61%	8.60%	-22.16%	-8.26%	-18.85%	73.65%	12.24%	-19.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	38.53%	30.07%	39.14%	41.04%	39.23%	34.26%	48.93%	41.89%	37.49%	35.45%
EBIT Margin	31.70%	23.83%	33.72%	35.31%	34.89%	28.90%	42.49%	35.59%	33.13%	32.51%
Profit (Net Income) Margin	21.46%	16.34%	21.84%	27.87%	27.69%	22.30%	32.89%	28.05%	25.76%	25.53%
Tax Burden Percent	67.71%	68.59%	64.77%	78.95%	79.36%	77.16%	77.42%	78.81%	77.74%	78.54%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	32.29%	31.41%	35.23%	21.05%	20.64%	22.84%	22.58%	21.19%	22.26%	21.46%
Return on Invested Capital (ROIC)	3.38%	2.41%	3.54%	4.32%	4.67%	4.78%	9.39%	6.81%	4.52%	4.69%
ROIC Less NNEP Spread (ROIC-NNEP)	3.38%	2.41%	3.54%	4.32%	4.67%	4.78%	9.39%	6.81%	4.52%	4.69%
Return on Net Nonoperating Assets (RNNOA)	5.47%	4.66%	6.29%	6.90%	6.09%	3.79%	2.17%	3.53%	6.28%	5.10%
Return on Equity (ROE)	8.85%	7.07%	9.84%	11.21%	10.76%	8.57%	11.56%	10.35%	10.80%	9.79%
Cash Return on Invested Capital (CROIC)	-19.77%	2.58%	7.01%	-15.55%	16.42%	26.59%	56.60%	-61.85%	-20.80%	41.50%
Operating Return on Assets (OROA)	1.43%	1.05%	1.59%	1.61%	1.57%	1.27%	1.66%	1.36%	1.40%	1.34%
Return on Assets (ROA)	0.97%	0.72%	1.03%	1.27%	1.25%	0.98%	1.28%	1.07%	1.09%	1.05%
Return on Common Equity (ROCE)	8.76%	6.99%	9.76%	11.17%	10.74%	8.54%	11.53%	10.34%	10.79%	9.78%
Return on Equity Simple (ROE_SIMPLE)	9.05%	7.09%	9.60%	10.07%	10.31%	8.26%	11.49%	11.11%	10.33%	9.44%
Net Operating Profit after Tax (NOPAT)	292	232	336	446	501	435	616	520	531	524
NOPAT Margin	21.46%	16.34%	21.84%	27.87%	27.69%	22.30%	32.89%	28.05%	25.76%	25.53%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	54.45%	55.70%	54.38%	51.60%	51.52%	48.76%	51.87%	52.85%	53.40%	56.43%
Operating Expenses to Revenue	65.81%	71.60%	66.73%	64.19%	62.68%	59.68%	62.85%	62.79%	64.64%	66.61%
Earnings before Interest and Taxes (EBIT)	432	339	518	565	631	564	796	660	683	667
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	525	427	601	657	709	668	917	777	773	727
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	1.38	1.46	0.93	1.13	0.84	1.26	1.41	1.06	1.22
Price to Tangible Book Value (P/TBV)	1.16	1.63	1.69	1.28	1.49	1.07	1.60	1.86	1.35	1.52
Price to Revenue (P/Rev)	2.39	3.19	3.33	2.59	3.03	2.26	3.61	3.56	2.65	3.31
Price to Earnings (P/E)	11.29	19.48	15.28	9.29	10.93	10.12	10.95	12.70	10.30	12.97
Dividend Yield	3.51%	2.52%	2.27%	3.00%	2.60%	3.27%	2.12%	2.17%	2.61%	2.10%
Earnings Yield	8.86%	5.13%	6.54%	10.76%	9.15%	9.88%	9.13%	7.87%	9.71%	7.71%
Enterprise Value to Invested Capital (EV/IC)	0.73	0.87	0.92	0.87	0.94	0.75	0.91	1.05	0.92	0.98
Enterprise Value to Revenue (EV/Rev)	5.17	5.88	5.60	6.20	5.23	3.11	2.42	5.81	5.92	4.35
Enterprise Value to EBITDA (EV/EBITDA)	13.41	19.56	14.31	15.10	13.34	9.08	4.95	13.88	15.79	12.28
Enterprise Value to EBIT (EV/EBIT)	16.30	24.68	16.61	17.56	15.00	10.76	5.70	16.33	17.87	13.39
Enterprise Value to NOPAT (EV/NOPAT)	24.08	35.98	25.65	22.24	18.90	13.95	7.37	20.72	22.99	17.05
Enterprise Value to Operating Cash Flow (EV/OCF)	23.78	0.00	40.06	0.00	0.00	0.00	0.00	2.10	184.48	6.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	33.64	12.97	0.00	5.37	2.51	1.22	0.00	0.00	1.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.95	1.91	1.65	1.56	1.08	0.53	0.11	1.19	1.57	0.64
Long-Term Debt to Equity	0.07	0.04	0.04	0.06	0.06	0.05	0.02	0.03	1.52	0.57
Financial Leverage	1.62	1.93	1.78	1.60	1.31	0.79	0.23	0.52	1.39	1.09
Leverage Ratio	9.17	9.77	9.53	8.83	8.62	8.75	9.00	9.65	9.93	9.30
Compound Leverage Factor	9.17	9.77	9.53	8.83	8.62	8.75	9.00	9.65	9.93	9.30
Debt to Total Capital	66.15%	65.69%	62.20%	60.90%	51.85%	34.78%	10.12%	54.30%	61.11%	39.12%
Short-Term Debt to Total Capital	63.80%	64.19%	60.65%	58.47%	49.11%	31.38%	7.92%	53.03%	1.92%	4.45%
Long-Term Debt to Total Capital	2.34%	1.50%	1.55%	2.43%	2.73%	3.40%	2.20%	1.28%	59.19%	34.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.38%	0.33%	0.25%	0.10%	0.08%	0.31%	0.08%	0.05%	0.02%	0.03%
Common Equity to Total Capital	33.47%	33.98%	37.55%	39.01%	48.07%	64.90%	89.80%	45.65%	38.86%	60.85%
Debt to EBITDA	12.17	14.81	9.63	10.53	7.38	4.22	0.66	7.17	10.46	4.91
Net Debt to EBITDA	7.13	8.88	5.77	8.79	5.61	2.46	-2.44	5.37	8.72	2.93
Long-Term Debt to EBITDA	0.43	0.34	0.24	0.42	0.39	0.41	0.14	0.17	10.13	4.35
Debt to NOPAT	21.85	27.25	17.25	15.50	10.46	6.49	0.98	10.71	15.23	6.81
Net Debt to NOPAT	12.80	16.33	10.35	12.94	7.94	3.77	-3.62	8.01	12.69	4.07
Long-Term Debt to NOPAT	0.77	0.62	0.43	0.62	0.55	0.63	0.21	0.25	14.75	6.04
Noncontrolling Interest Sharing Ratio	1.08%	1.04%	0.80%	0.43%	0.20%	0.33%	0.28%	0.09%	0.08%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,710	248	664	-1,607	1,762	2,422	3,716	-4,723	-2,443	4,638
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-26.94	3.03	5.07	-6.60	4.20	15.08	60.03	-26.13	-2.28	3.25
Operating Cash Flow to Interest Expense	4.66	-1.12	1.64	-2.27	-1.13	-2.59	-59.66	28.34	0.06	1.00
Operating Cash Flow Less CapEx to Interest Expense	4.66	-1.12	1.64	-2.27	-1.13	-2.59	-59.66	28.34	0.06	1.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.04	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	4.69	4.50	4.78	4.95	4.18	3.59	3.33	3.26	3.47	3.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,653	9,637	9,309	11,362	10,101	8,114	5,015	10,258	13,232	9,118
Invested Capital Turnover	0.16	0.15	0.16	0.16	0.17	0.21	0.29	0.24	0.18	0.18
Increase / (Decrease) in Invested Capital	2,002	-16	-328	2,053	-1,261	-1,987	-3,099	5,243	2,974	-4,114
Enterprise Value (EV)	7,037	8,358	8,609	9,928	9,461	6,069	4,540	10,782	12,210	8,926
Market Capitalization	3,258	4,533	5,113	4,141	5,475	4,402	6,768	6,608	5,468	6,791
Book Value per Share	$47.71	$49.69	$53.40	$67.73	$68.53	$74.91	$78.19	$69.63	$78.31	$86.53
Tangible Book Value per Share	$41.37	$42.16	$46.13	$49.64	$51.97	$58.38	$61.62	$52.96	$61.49	$69.51
Total Capital	9,653	9,637	9,309	11,362	10,101	8,114	5,973	10,258	13,232	9,118
Total Debt	6,385	6,330	5,790	6,919	5,237	2,822	604	5,570	8,087	3,567
Total Long-Term Debt	226	145	145	276	276	276	131	131	7,833	3,161
Net Debt	3,742	3,793	3,473	5,776	3,978	1,642	-2,233	4,169	6,738	2,132
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	6,385	6,330	5,790	6,919	5,237	2,822	-354	5,570	8,087	3,567
Total Depreciation and Amortization (D&A)	93	89	83	92	78	104	121	117	90	60
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.22	$3.53	$5.11	$6.63	$7.03	$6.19	$8.95	$7.68	$8.02	$8.14
Adjusted Weighted Average Basic Shares Outstanding	67.59M	65.09M	64.75M	66.63M	70.79M	69.84M	68.59M	67.21M	65.65M	63.75M
Adjusted Diluted Earnings per Share	$4.21	$3.53	$5.11	$6.63	$7.03	$6.19	$8.95	$7.68	$8.02	$8.14
Adjusted Weighted Average Diluted Shares Outstanding	67.69M	65.14M	64.81M	66.66M	70.80M	69.84M	68.59M	67.21M	65.65M	63.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$7.03	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.12M	65.49M	65.55M	72.25M	70.69M	69.58M	68.32M	66.97M	65.06M	64.23M
Normalized Net Operating Profit after Tax (NOPAT)	293	235	342	460	501	435	616	520	565	528
Normalized NOPAT Margin	21.53%	16.51%	22.25%	28.71%	27.69%	22.30%	32.89%	28.05%	27.41%	25.75%
Pre Tax Income Margin	31.70%	23.83%	33.72%	35.31%	34.89%	28.90%	42.49%	35.59%	33.13%	32.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.80	4.14	3.95	2.32	1.51	3.51	12.86	3.65	0.64	0.47
NOPAT to Interest Expense	4.60	2.84	2.56	1.83	1.19	2.71	9.96	2.88	0.50	0.37
EBIT Less CapEx to Interest Expense	6.80	4.14	3.95	2.32	1.51	3.51	12.86	3.65	0.64	0.47
NOPAT Less CapEx to Interest Expense	4.60	2.84	2.56	1.83	1.19	2.71	9.96	2.88	0.50	0.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.44%	48.84%	34.57%	28.49%	28.66%	33.20%	23.38%	27.64%	27.00%	27.31%
Augmented Payout Ratio	117.98%	77.60%	36.77%	40.49%	54.52%	50.63%	42.52%	57.41%	60.29%	44.47%

This table displays calculated financial ratios and metrics derived from BOK Financial's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.79%	26.51%	48.82%	20.03%	-1.38%	-8.76%	-14.13%	4.60%	3.46%	4.29%	10.33%
EBITDA Growth	-17.14%	33.92%	114.09%	10.90%	-17.32%	-44.87%	-46.19%	2.16%	0.76%	40.34%	36.24%
EBIT Growth	-18.82%	42.25%	164.98%	15.78%	-14.54%	-48.45%	-48.71%	7.87%	3.31%	57.38%	44.79%
NOPAT Growth	-16.58%	43.69%	160.19%	14.13%	-14.12%	-50.99%	-48.49%	7.98%	4.09%	64.99%	43.11%
Net Income Growth	-16.58%	43.69%	160.19%	14.13%	-14.12%	-50.99%	-48.49%	7.98%	4.09%	64.99%	43.11%
EPS Growth	-15.33%	45.61%	167.03%	15.82%	-12.07%	-48.59%	-46.91%	11.89%	6.86%	66.41%	44.19%
Operating Cash Flow Growth	124.66%	38.45%	-37.33%	-220.88%	19.71%	79.22%	-92.73%	115.33%	-77.32%	217.16%	-88.70%
Free Cash Flow Firm Growth	-84.95%	-257.78%	-338.29%	-268.48%	-1,439.17%	43.02%	37.90%	36.55%	111.71%	246.99%	186.11%
Invested Capital Growth	-4.41%	104.56%	76.82%	79.45%	99.58%	29.00%	26.81%	28.79%	-4.52%	-31.09%	-16.69%
Revenue Q/Q Growth	14.32%	8.63%	-3.55%	0.21%	-6.07%	0.50%	-9.23%	22.06%	-7.09%	1.31%	-3.98%
EBITDA Q/Q Growth	13.42%	8.14%	-5.33%	-4.48%	-15.44%	-27.90%	-7.61%	81.36%	-16.60%	0.43%	-10.31%
EBIT Q/Q Growth	16.15%	10.18%	-3.63%	-6.12%	-14.26%	-33.54%	-4.11%	97.43%	-17.89%	1.24%	-11.78%
NOPAT Q/Q Growth	17.86%	7.54%	-3.50%	-6.68%	-11.31%	-38.64%	1.42%	95.63%	-14.51%	-2.73%	-12.03%
Net Income Q/Q Growth	17.86%	7.54%	-3.50%	-6.68%	-11.31%	-38.64%	1.42%	95.63%	-14.51%	-2.73%	-12.03%
EPS Q/Q Growth	18.37%	7.33%	-2.41%	-6.58%	-10.13%	-37.25%	0.78%	96.90%	-14.17%	-2.29%	-12.68%
Operating Cash Flow Q/Q Growth	-63.68%	-344.51%	210.94%	-222.71%	135.96%	-142.45%	138.81%	158.65%	-46.78%	119.31%	-96.26%
Free Cash Flow Firm Q/Q Growth	-82.60%	-1,282.34%	17.53%	0.73%	-38.34%	49.69%	25.30%	-1.44%	125.54%	531.27%	-47.35%
Invested Capital Q/Q Growth	8.98%	73.65%	-2.44%	-2.81%	21.21%	12.24%	-8.17%	-1.29%	-10.14%	-19.00%	15.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	44.62%	44.41%	43.59%	41.55%	37.41%	26.84%	27.32%	40.58%	36.43%	36.11%	33.73%
EBIT Margin	38.79%	39.34%	39.31%	36.82%	33.61%	22.23%	23.48%	37.97%	33.56%	33.54%	30.81%
Profit (Net Income) Margin	30.95%	30.63%	30.65%	28.54%	26.95%	16.45%	18.38%	29.46%	27.11%	26.03%	23.84%
Tax Burden Percent	79.78%	77.87%	77.97%	77.51%	80.17%	74.03%	78.30%	77.59%	80.78%	77.61%	77.39%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.22%	22.13%	22.03%	22.49%	19.83%	25.97%	21.70%	22.41%	19.22%	22.39%	22.61%
Return on Invested Capital (ROIC)	8.91%	7.44%	7.94%	7.98%	6.43%	2.89%	3.22%	5.33%	4.77%	4.78%	4.30%
ROIC Less NNEP Spread (ROIC-NNEP)	8.91%	7.44%	7.94%	7.98%	6.43%	2.89%	3.22%	5.33%	4.77%	4.78%	4.30%
Return on Net Nonoperating Assets (RNNOA)	1.96%	3.86%	4.84%	4.60%	5.76%	4.01%	4.08%	6.41%	5.77%	5.20%	4.87%
Return on Equity (ROE)	10.86%	11.30%	12.78%	12.58%	12.19%	6.90%	7.30%	11.74%	10.54%	9.98%	9.17%
Cash Return on Invested Capital (CROIC)	12.27%	-61.85%	-47.58%	-48.42%	-59.51%	-20.80%	-19.65%	-20.99%	8.71%	41.50%	23.02%
Operating Return on Assets (OROA)	1.49%	1.50%	1.73%	1.65%	1.53%	0.94%	0.98%	1.53%	1.38%	1.38%	1.28%
Return on Assets (ROA)	1.19%	1.17%	1.35%	1.28%	1.23%	0.70%	0.76%	1.19%	1.11%	1.07%	0.99%
Return on Common Equity (ROCE)	10.85%	11.29%	12.77%	12.57%	12.18%	6.90%	7.29%	11.73%	10.54%	9.97%	9.17%
Return on Equity Simple (ROE_SIMPLE)	10.40%	0.00%	12.73%	13.14%	12.82%	0.00%	8.82%	8.88%	8.37%	0.00%	9.70%
Net Operating Profit after Tax (NOPAT)	157	168	162	152	134	83	84	164	140	136	120
NOPAT Margin	30.95%	30.63%	30.65%	28.54%	26.95%	16.45%	18.38%	29.46%	27.11%	26.03%	23.84%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	48.91%	48.42%	49.79%	51.51%	55.31%	57.34%	62.93%	49.61%	56.97%	57.50%	60.44%
Operating Expenses to Revenue	58.25%	57.93%	57.68%	59.98%	64.99%	76.58%	74.76%	60.59%	66.05%	66.46%	69.19%
Earnings before Interest and Taxes (EBIT)	196	216	208	196	168	111	107	211	173	175	155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	226	244	231	221	187	135	124	226	188	189	169
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	1.41	1.11	1.07	1.07	1.06	1.16	1.12	1.20	1.22	1.16
Price to Tangible Book Value (P/TBV)	1.69	1.86	1.45	1.39	1.40	1.35	1.48	1.42	1.49	1.52	1.43
Price to Revenue (P/Rev)	3.30	3.56	2.68	2.46	2.45	2.65	3.01	2.92	3.31	3.31	3.19
Price to Earnings (P/E)	12.22	12.70	8.76	8.16	8.39	10.30	13.21	12.66	14.27	12.97	11.95
Dividend Yield	2.51%	2.17%	2.64%	2.75%	2.77%	2.61%	2.40%	2.40%	2.10%	2.10%	2.15%
Earnings Yield	8.19%	7.87%	11.41%	12.26%	11.92%	9.71%	7.57%	7.90%	7.01%	7.71%	8.37%
Enterprise Value to Invested Capital (EV/IC)	0.93	1.05	0.92	0.89	0.91	0.92	0.98	0.97	0.97	0.98	0.95
Enterprise Value to Revenue (EV/Rev)	3.17	5.81	4.54	4.07	5.10	5.92	6.23	6.02	5.36	4.35	4.80
Enterprise Value to EBITDA (EV/EBITDA)	7.72	13.88	10.22	9.36	12.20	15.79	18.57	18.03	16.17	12.28	13.05
Enterprise Value to EBIT (EV/EBIT)	9.26	16.33	11.65	10.56	13.67	17.87	21.28	20.26	18.05	13.39	14.10
Enterprise Value to NOPAT (EV/NOPAT)	11.77	20.72	14.84	13.49	17.46	22.99	27.36	26.05	23.15	17.05	18.00
Enterprise Value to Operating Cash Flow (EV/OCF)	1.48	2.10	2.52	0.00	0.00	184.48	0.00	9.54	25.43	6.24	7.92
Enterprise Value to Free Cash Flow (EV/FCFF)	7.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.84	1.92	3.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	1.19	1.05	1.00	1.45	1.57	1.47	1.39	1.00	0.64	0.83
Long-Term Debt to Equity	0.03	0.03	1.00	0.03	0.03	1.52	0.03	0.03	0.02	0.57	0.02
Financial Leverage	0.22	0.52	0.61	0.58	0.90	1.39	1.27	1.20	1.21	1.09	1.13
Leverage Ratio	9.14	9.65	9.49	9.85	9.92	9.93	9.56	9.87	9.49	9.30	9.23
Compound Leverage Factor	9.14	9.65	9.49	9.85	9.92	9.93	9.56	9.87	9.49	9.30	9.23
Debt to Total Capital	23.58%	54.30%	51.26%	49.96%	59.14%	61.11%	59.56%	58.23%	50.11%	39.12%	45.38%
Short-Term Debt to Total Capital	21.36%	53.03%	2.62%	48.61%	58.03%	1.92%	58.53%	57.19%	48.95%	4.45%	44.14%
Long-Term Debt to Total Capital	2.22%	1.28%	48.63%	1.35%	1.11%	59.19%	1.03%	1.05%	1.17%	34.67%	1.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.07%	0.05%	0.03%	0.04%	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.02%
Common Equity to Total Capital	76.35%	45.65%	48.71%	50.01%	40.83%	38.86%	40.41%	41.74%	49.86%	60.85%	54.60%
Debt to EBITDA	1.95	7.17	5.70	5.27	7.90	10.46	11.34	10.87	8.39	4.91	6.21
Net Debt to EBITDA	-0.30	5.37	4.18	3.70	6.34	8.72	9.61	9.27	6.19	2.93	4.38
Long-Term Debt to EBITDA	0.18	0.17	5.41	0.14	0.15	10.13	0.20	0.20	0.20	4.35	0.17
Debt to NOPAT	2.97	10.71	8.27	7.60	11.30	15.23	16.71	15.71	12.00	6.81	8.57
Net Debt to NOPAT	-0.46	8.01	6.07	5.34	9.07	12.69	14.16	13.39	8.86	4.07	6.04
Long-Term Debt to NOPAT	0.28	0.25	7.85	0.21	0.21	14.75	0.29	0.28	0.28	6.04	0.23
Noncontrolling Interest Sharing Ratio	0.12%	0.09%	0.07%	0.08%	0.08%	0.08%	0.06%	0.06%	0.06%	0.05%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	429	-5,075	-4,185	-4,155	-5,748	-2,892	-2,599	-2,636	673	4,251	2,238
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	9.17	-51.27	-25.46	-16.75	-18.18	-8.46	-7.39	-7.02	1.81	13.04	7.40
Operating Cash Flow to Interest Expense	19.40	-22.45	14.99	-12.19	3.44	-1.35	0.51	1.23	0.66	1.66	0.07
Operating Cash Flow Less CapEx to Interest Expense	19.40	-22.45	14.99	-12.19	3.44	-1.35	0.51	1.23	0.66	1.66	0.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.05	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	3.09	3.26	3.39	3.55	3.56	3.47	3.18	3.22	3.25	3.26	3.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,907	10,258	10,008	9,727	11,789	13,232	12,690	12,527	11,256	9,118	10,572
Invested Capital Turnover	0.29	0.24	0.26	0.28	0.24	0.18	0.18	0.18	0.18	0.18	0.18
Increase / (Decrease) in Invested Capital	-273	5,243	4,348	4,306	5,882	2,974	2,683	2,800	-533	-4,114	-2,118
Enterprise Value (EV)	5,520	10,782	9,203	8,624	10,772	12,210	12,378	12,100	10,877	8,926	10,073
Market Capitalization	5,732	6,608	5,434	5,209	5,171	5,468	5,972	5,879	6,709	6,791	6,689
Book Value per Share	$66.51	$69.63	$72.79	$73.03	$72.53	$78.31	$79.78	$81.05	$87.52	$86.53	$89.87
Tangible Book Value per Share	$49.93	$52.96	$56.10	$56.30	$55.80	$61.49	$62.64	$64.02	$70.43	$69.51	$72.91
Total Capital	5,907	10,258	10,008	9,727	11,789	13,232	12,690	12,527	11,256	9,118	10,572
Total Debt	1,393	5,570	5,130	4,859	6,972	8,087	7,559	7,295	5,641	3,567	4,798
Total Long-Term Debt	131	131	4,867	131	131	7,833	131	131	131	3,161	131
Net Debt	-216	4,169	3,766	3,412	5,597	6,738	6,403	6,219	4,165	2,132	3,381
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,393	5,570	5,130	4,859	6,972	8,087	7,559	7,295	5,641	3,567	4,798
Total Depreciation and Amortization (D&A)	30	28	23	25	19	23	17	14	15	13	15
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.32	$2.49	$2.43	$2.27	$2.04	$1.28	$1.29	$2.54	$2.18	$2.13	$1.86
Adjusted Weighted Average Basic Shares Outstanding	67.00M	67.21M	66.33M	65.99M	65.55M	65.65M	64.29M	63.71M	63.49M	63.75M	63.55M
Adjusted Diluted Earnings per Share	$2.32	$2.49	$2.43	$2.27	$2.04	$1.28	$1.29	$2.54	$2.18	$2.13	$1.86
Adjusted Weighted Average Diluted Shares Outstanding	67.00M	67.21M	66.33M	65.99M	65.55M	65.65M	64.29M	63.71M	63.49M	63.75M	63.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.25M	66.97M	66.60M	66.37M	65.66M	65.06M	64.52M	64.13M	64.12M	64.23M	64.26M
Normalized Net Operating Profit after Tax (NOPAT)	157	168	162	152	134	83	84	164	139	136	120
Normalized NOPAT Margin	30.95%	30.63%	30.65%	28.54%	26.95%	16.45%	18.38%	29.46%	26.89%	26.03%	23.84%
Pre Tax Income Margin	38.79%	39.34%	39.31%	36.82%	33.61%	22.23%	23.48%	37.97%	33.56%	33.54%	30.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.19	2.18	1.27	0.79	0.53	0.33	0.30	0.56	0.47	0.54	0.51
NOPAT to Interest Expense	3.34	1.70	0.99	0.61	0.43	0.24	0.24	0.44	0.38	0.42	0.40
EBIT Less CapEx to Interest Expense	4.19	2.18	1.27	0.79	0.53	0.33	0.30	0.56	0.47	0.54	0.51
NOPAT Less CapEx to Interest Expense	3.34	1.70	0.99	0.61	0.43	0.24	0.24	0.44	0.38	0.42	0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.70%	27.64%	23.19%	22.49%	23.33%	27.00%	31.53%	30.63%	30.17%	27.31%	25.71%
Augmented Payout Ratio	59.67%	57.41%	47.58%	45.88%	49.10%	60.29%	72.32%	73.60%	59.96%	44.47%	32.62%

Financials Breakdown Chart

Key Financial Trends

BOK Financial Quarterly Financial Analysis (Q1 2022 to Q1 2025)

BOK Financial demonstrates a consistent ability to generate solid net income and maintain strong asset growth over the past several years, although recent quarters show some pressures in net interest income and expenses that retail investors should watch carefully.

Net Income has generally increased over the last four years, reaching $119.8 million in Q1 2025, supported by steady earnings per share of $1.86 in Q1 2025 compared to $2.32 in Q1 2023, indicating solid profitability.
Total Assets have grown steadily from about $43.6 billion in Q3 2022 to over $50.4 billion in Q1 2025, reflecting expanding scale and business.
Loans and Leases, net of allowance, have increased from approximately $21.5 billion in Q3 2022 to about $23.4 billion in Q1 2025, demonstrating growth in core lending activities.
The company maintains a healthy level of cash and equivalents, increasing from around $804 million in Q3 2022 to nearly $990 million in Q1 2025.
Provision for Credit Losses has been effectively managed, with $0 reported in Q1 2025, signaling good credit quality or conservative risk management.
Non-interest income fluctuates quarter to quarter, with gains/losses from investments causing volatility (e.g., Q1 2025 recorded a positive $9.2 million in net realized and unrealized capital gains, but previous quarters showed losses as well).
Cash dividends per share have remained stable at about $0.54 to $0.57 over recent quarters, suggesting steady return to shareholders.
Total interest income dipped in Q1 2025 to $618.6 million from $639.1 million in Q4 2024, partially reflecting lower investment securities interest income.
Total interest expense has decreased somewhat from $326.1 million in Q4 2024 to $302.3 million in Q1 2025, suggesting some cost control or changes in funding mix.

Net interest income, a critical profitability metric, showed a slight increase from $293.6 million in Q1 2024 to $316.3 million in Q1 2025 but peaked higher around $322 million in earlier quarters, suggesting pressure on net interest margins.
Salaries and employee benefits expenses have risen over time, reaching $214.2 million in Q1 2025, up from $182.1 million in Q1 2023, which may compress margins if not matched by revenue growth.
Other operating expenses also show an upward trend, with Q1 2025 at $34.7 million compared to $31.1 million in Q1 2023, potentially reducing net income growth.
Trading account securities have increased substantially to over $21.4 billion in Q1 2025 from approximately $16.7 billion in Q3 2022, which could imply increased risk exposure in volatile markets.
Net cash from continuing operating activities in Q1 2025 dropped to $20.3 million from hundreds of millions in prior quarters, indicating potential challenges in cash flow generation from core operations.
Net cash used in continuing financing activities significantly increased to -$473.0 million in Q1 2025 compared to prior quarters, likely due to higher debt repayments and dividend payments, which might pressure liquidity.

Summary: BOK Financial presents a solid financial foundation with strong asset and loan growth supporting consistent profitability. While recent quarters reveal some pressures on net interest income and increased expenses, the bank maintains good credit quality and stable dividends. Investors should monitor future quarters for margin trends, operating expense control, and cash flow sustainability, as well as potential risks related to increased trading securities holdings.

10/13/25 04:41 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About BOK Financial's Financials

When does BOK Financial's financial year end?

According to the most recent income statement we have on file, BOK Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has BOK Financial's net income changed over the last 9 years?

BOK Financial's net income appears to be on an upward trend, with a most recent value of $523.55 million in 2024, rising from $292.26 million in 2015. The previous period was $531.13 million in 2023. Check out BOK Financial's forecast to explore projected trends and price targets.

How has BOK Financial's revenue changed over the last 9 years?

Over the last 9 years, BOK Financial's total revenue changed from $1.36 billion in 2015 to $2.05 billion in 2024, a change of 50.6%.

How much debt does BOK Financial have?

BOK Financial's total liabilities were at $44.13 billion at the end of 2024, a 1.2% decrease from 2023, and a 56.5% increase since 2015.

How much cash does BOK Financial have?

In the past 9 years, BOK Financial's cash and equivalents has ranged from $602.51 million in 2017 to $2.64 billion in 2015, and is currently $1.04 billion as of their latest financial filing in 2024.

How has BOK Financial's book value per share changed over the last 9 years?

Over the last 9 years, BOK Financial's book value per share changed from 47.71 in 2015 to 86.53 in 2024, a change of 81.4%.

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This page (NASDAQ:BOKF) was last updated on 10/13/2025 by MarketBeat.com Staff

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BOK Financial (BOKF) Financials

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BOK Financial (BOKF) Financials

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