- BOK Financial’s total loans decreased to $23.99 billion, missing the estimate of $24.89 billion.
- Total deposits improved by 2.7% quarter-over-quarter, reaching $37.23 billion and surpassing the estimated $36.16 billion.
- The net interest margin increased to 2.68%, exceeding the estimated 2.61% and last quarter’s 2.56%.
- Cash and due from banks rose by 3.5% to $929.0 million, above the $893.3 million estimate.
- Earnings per share (EPS) climbed to $2.18, compared to $2.04 year-over-year.
- The common equity Tier 1 ratio improved to 12.7%, beating the 12.3% estimate and last year’s 12.1%.
- The provision for credit losses significantly dropped by 71% year-over-year to $2.00 million, well below the $11.8 million estimate.
- Analyst recommendations include 4 buys and 6 holds, with no current sell ratings.
A look at Bok Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Bok Financial appears to have a promising long-term outlook. The company’s strong momentum score of 5 indicates a high level of positive market performance. Additionally, with solid scores in value, dividend, and growth at 4, 3, and 3 respectively, Bok Financial demonstrates sound financial health and growth potential. However, its resilience score of 2 suggests some vulnerabilities that may need to be addressed for sustained stability.
BOK Financial Corporation, a multi-bank holding company, offers a variety of financial services to businesses and consumers through its banking subsidiaries. In addition to traditional banking products like deposit accounts and loans, BOK provides trust services, online insurance, and other digital offerings. The company’s overall Smart Scores paint a picture of a company with strong momentum and growth potential, supported by solid value and dividend scores, though potential areas of improvement lie in enhancing its resilience against market challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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