Bok Financial ( (BOKF) ) has released its Q4 earnings. Here is a breakdown of the information Bok Financial presented to its investors.
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BOK Financial Corporation is a regional financial services company headquartered in Tulsa, Oklahoma, providing commercial and consumer banking, brokerage trading, investment, trust services, and more across eight states.
In its latest earnings report, BOK Financial announced annual earnings of $524 million for 2024, with a net income of $136.2 million in the fourth quarter. The company highlighted growth in net interest income and an expanded net interest margin during the quarter.
Key financial metrics for the fourth quarter included a net interest income increase to $313.0 million, an improvement in the net interest margin to 2.75%, and a notable rise in fees and commissions revenue to $206.9 million. The company also saw a $130 million increase in period-end loans and a significant $964 million growth in deposits.
Despite a slight decrease in net income compared to the previous quarter, BOK Financial experienced robust credit quality with nonperforming assets at historic lows and stable net charge-offs. The capital position remained strong, with a Tier 1 capital ratio of 13.04%.
Looking ahead, BOK Financial’s management is optimistic about the company’s future, emphasizing their strong capital and asset quality, which positions them well to manage through diverse business cycles and continue delivering long-term organizational success.
