(In thousands, except share and per share amounts)

Three Months Ended June 30,

Six Months Ended
June 30,

2021

2020

2021

2020

Numerator:

Net income attributable to BOK Financial Corp. shareholders

$

166,421

$

64,693

$

312,481

$

126,772

Less: Earnings allocated to participating securities

1,170

397

2,107

740

Numerator for basic earnings per share – income available to common shareholders

165,251

64,296

310,374

126,032

Effect of reallocating undistributed earnings of participating securities

1

—

Numerator for diluted earnings per share – income available to common shareholders

$

165,252

$

64,296

$

310,374

$

126,032

Denominator:

Weighted average shares outstanding

69,302,245

70,307,606

69,442,239

70,410,707

Less: Participating securities included in weighted average shares outstanding

486,579

431,563

466,496

410,842

Denominator for basic earnings per common share

68,815,666

69,876,043

68,975,743

69,999,865

Dilutive effect of employee stock compensation plans1

1,776

1,424

3,055

3,952

Denominator for diluted earnings per common share

68,817,442

69,877,467

68,978,798

70,003,817

Basic earnings per share

$

2.40

$

0.92

$

4.50

$

1.80

Diluted earnings per share

$

2.40

$

0.92

$

4.50

$

1.80

1 Excludes employee stock options with exercise prices greater than current market price.

—

22,238

—