Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2021

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2021 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	155,799	$	16,686	$	48,554	$	59,381	$	280,420
Net interest revenue (expense) from internal sources	(25,794)		4,288		(200)		21,706		—
Net interest revenue	130,005		20,974		48,354		81,087		280,420
Provision for credit losses	13,985		1,136		(29)		(40,092)		(25,000)
Net interest revenue after provision for credit losses	116,020		19,838		48,383		121,179		305,420
Other operating revenue	46,579		52,282		66,123		(1,087)		163,897
Other operating expense	66,979		55,743		78,565		81,340		282,627
Net direct contribution	95,620		16,377		35,941		38,752		186,690
Gain (loss) on financial instruments, net	33		(29,616)		—		29,583		—
Change in fair value of mortgage servicing rights	—		33,874		—		(33,874)		—
Gain (loss) on repossessed assets, net	12,737		41		—		(12,778)		—
Corporate expense allocations	12,734		11,487		9,887		(34,108)		—
Net income before taxes	95,656		9,189		26,054		55,791		186,690
Federal and state income taxes	25,983		2,340		6,672		7,387		42,382
Net income	69,673		6,849		19,382		48,404		144,308
Net income (loss) attributable to non-controlling interests	—		—		—		(1,752)		(1,752)
Net income attributable to BOK Financial Corp. shareholders	$	69,673	$	6,849	$	19,382	$	50,156	$	146,060

Average assets	$	28,047,052	$	9,755,539	$	18,645,865	$	(6,137,823)	$	50,310,633

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2020 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	201,902	$	25,876	$	14,366	$	19,216	$	261,360
Net interest revenue (expense) from internal sources	(50,495)		18,056		4,538		27,901		—
Net interest revenue	151,407		43,932		18,904		47,117		261,360
Provision for credit losses	16,880		1,256		(48)		75,683		93,771
Net interest revenue after provision for credit losses	134,527		42,676		18,952		(28,566)		167,589
Other operating revenue	38,220		55,062		97,881		(10,844)		180,319
Other operating expense	60,752		53,844		78,192		75,836		268,624
Net direct contribution	111,995		43,894		38,641		(115,246)		79,284
Gain (loss) on financial instruments, net	49		86,764		7		(86,820)		—
Change in fair value of mortgage servicing rights	—		(88,480)		—		88,480		—
Gain (loss) on repossessed assets, net	9		13		—		(22)		—
Corporate expense allocations	8,905		10,389		8,265		(27,559)		—
Net income before taxes	103,148		31,802		30,383		(86,049)		79,284
Federal and state income taxes	28,173		8,101		7,810		(26,784)		17,300
Net income	74,975		23,701		22,573		(59,265)		61,984
Net income (loss) attributable to non-controlling interests	—		—		—		(95)		(95)
Net income attributable to BOK Financial Corp. shareholders	$	74,975	$	23,701	$	22,573	$	(59,170)	$	62,079

Average assets	$	24,687,976	$	9,850,853	$	12,723,412	$	(1,541,623)	$	45,720,618