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Bok Financial Corp. (BOKF)
NASDAQ:BOKF
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2Last Year’s EPS
$1.26Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: 0.06%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
BOK Financial's Q3 2024 performance demonstrated strong earnings, stable net interest income, and exceptional credit quality, despite facing challenges with loan balances and specific sector pressures. The company reported record assets under management and deposit growth, indicating resilience and a positive outlook.Company Guidance
During the BOK Financial Corporation's Third Quarter 2024 Earnings Conference Call, the executive team provided several key metrics and forward-looking guidance. The company reported earnings of $140 million, with an earnings per share (EPS) of $2.18. Net interest income and net interest margin both showed stabilization and an upward trend. The loan portfolio exhibited excellent credit performance, with a combined allowance of 1.39% of outstanding loans, and net recoveries during the quarter. Although period-end loans decreased by 2.3%, average loan balances contracted by only $80 million, or 0.3%. Assets under management surpassed the $110 billion mark for the first time. Net interest margin increased by 12 basis points, with expectations for further expansion in the next quarter. The company also reported total fee income of $202.5 million, representing 40% of total revenue, with a record quarter for investment banking fees at $10.8 million. For the full year 2024, BOKF adjusted its loan growth expectations and projected net interest income slightly above $1.2 billion.Strong Earnings Performance
BOK Financial reported earnings of $140 million or EPS of $2.18 per diluted share for Q3 2024.
Stable Net Interest Income and Margin
Net interest income and net interest margin have stabilized and started an upward trend, with net interest margin up 12 basis points.
Exceptional Credit Quality
Credit performance remains strong with net recoveries, and nonperforming assets decreased by $6 million, maintaining a low level of 34 basis points.
Record Assets Under Management
Surpassed $110 billion mark for assets under management or administration for the first time in company history.
Deposit Growth
Strong interest-bearing deposit growth in Q3 supported both net interest margin and net interest income.
Resilient Fee Income
Total fee income grew by $2.5 million, contributing to $202.5 million of revenue, representing 40% of total revenue.
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BOKF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BOKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $109.62 | $107.42 | -2.01% |
| Jul 22, 2024 | $105.66 | $104.88 | -0.74% |
| Apr 24, 2024 | $89.62 | $91.53 | +2.13% |
| Jan 24, 2024 | $81.41 | $81.35 | -0.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bok Financial Corp. (BOKF) report earnings?
Bok Financial Corp. (BOKF) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Bok Financial Corp. (BOKF) earnings time?
Bok Financial Corp. (BOKF) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BOKF EPS forecast?
BOKF EPS forecast for the fiscal quarter 2024 (Q4) is $2.
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