Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2022

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2022 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	147,590	$	16,915	$	56,231	$	47,675	$	268,411
Net interest revenue (expense) from internal sources	(10,579)		10,292		(465)		752		—
Net interest revenue	137,011		27,207		55,766		48,427		268,411
Net loans charged off and provision for credit losses	5,343		1,112		(71)		(6,384)		—
Net interest revenue after provision for credit losses	131,668		26,095		55,837		54,811		268,411
Other operating revenue	57,427		33,961		25,018		(28,550)		87,856
Other operating expense	65,114		48,789		74,495		89,220		277,618
Net direct contribution	123,981		11,267		6,360		(62,959)		78,649
Gain (loss) on financial instruments, net	(204)		(57,895)		—		58,099		—
Change in fair value of mortgage servicing rights	—		49,110		—		(49,110)		—
Gain (loss) on repossessed assets, net	1,793		45		—		(1,838)		—
Corporate expense allocations	16,246		12,080		12,062		(40,388)		—
Net income before taxes	109,324		(9,553)		(5,702)		(15,420)		78,649
Federal and state income taxes	26,980		(2,236)		(1,283)		(7,264)		16,197
Net income (loss)	82,344		(7,317)		(4,419)		(8,156)		62,452
Net income (loss) attributable to non-controlling interests	—		—		—		(36)		(36)
Net income (loss) attributable to BOK Financial Corp. shareholders	$	82,344	$	(7,317)	$	(4,419)	$	(8,120)	$	62,488

Average assets	$	29,823,905	$	10,273,890	$	21,323,795	$	(10,860,516)	$	50,561,074

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
Net loans charged off and 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		12,070		177,054
Other operating expense	66,979		55,622		78,565		94,618		295,784
Net direct contribution	95,620		16,498		35,941		38,631		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		11,475		9,887		(34,096)		—
Net income before taxes	95,656		9,322		26,054		55,658		186,690
Federal and state income taxes	25,983		2,374		6,672		7,353		42,382
Net income	69,673		6,948		19,382		48,305		144,308
Net income (loss) attributable to non-controlling interests	—		—		—		(1,752)		(1,752)
Net income attributable to BOK Financial Corp. shareholders	$	69,673	$	6,948	$	19,382	$	50,057	$	146,060

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