Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2022

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended September 30, 2022 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	224,855	$	17,482	$	34,746	$	39,242	$	316,325
Net interest revenue (expense) from internal sources	(17,951)		26,469		(1,162)		(7,356)		—
Net interest revenue	206,904		43,951		33,584		31,886		316,325
Net loans charged off and provision for credit losses	(526)		1,408		(22)		14,140		15,000
Net interest revenue after provision for credit losses	207,430		42,543		33,606		17,746		301,325
Other operating revenue	60,386		30,186		113,113		(13,987)		189,698
Other operating expense	75,872		53,236		79,151		86,492		294,751
Net direct contribution	191,944		19,493		67,568		(82,733)		196,272
Gain (loss) on financial instruments, net	4		(21,395)		—		21,391		—
Change in fair value of mortgage servicing rights	—		16,570		—		(16,570)		—
Gain (loss) on repossessed assets, net	(158)		—		—		158		—
Corporate expense allocations	16,451		10,792		12,934		(40,177)		—
Net income (loss) before taxes	175,339		3,876		54,634		(37,577)		196,272
Federal and state income taxes	42,398		906		12,826		(16,449)		39,681
Net income (loss)	132,941		2,970		41,808		(21,128)		156,591
Net income attributable to non-controlling interests	—		—		—		81		81
Net income (loss) attributable to BOK Financial Corp. shareholders	$	132,941	$	2,970	$	41,808	$	(21,209)	$	156,510

Average assets	$	28,890,429	$	10,233,401	$	13,818,299	$	(7,822,927)	$	45,119,202

Reportable segments reconciliation to the Consolidated Financial Statements for the nine months ended September 30, 2022 is as follows (in thousands):



	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	545,438	$	51,183	$	130,389	$	131,744	$	858,754
Net interest revenue (expense) from internal sources	(34,983)		53,764		(3,290)		(15,491)		—
Net interest revenue	510,455		104,947		127,099		116,253		858,754
Net loans charged off and provision for credit losses	3,316		3,716		(153)		8,121		15,000
Net interest revenue after provision for credit losses	507,139		101,231		127,252		108,132		843,754
Other operating revenue	179,501		94,236		224,892		(52,458)		446,171
Other operating expense	210,995		154,685		230,166		250,178		846,024
Net direct contribution	475,645		40,782		121,978		(194,504)		443,901
Gain (loss) on financial instruments, net	(138)		(95,150)		—		95,288		—
Change in fair value of mortgage servicing rights	—		83,165		—		(83,165)		—
Gain (loss) on repossessed assets, net	(2,880)		138		—		2,742		—
Corporate expense allocations	49,331		32,994		37,508		(119,833)		—
Net income (loss) before taxes	423,296		(4,059)		84,470		(59,806)		443,901
Federal and state income taxes	103,198		(950)		19,897		(30,145)		92,000
Net income (loss)	320,098		(3,109)		64,573		(29,661)		351,901
Net income attributable to non-controlling interests	—		—		—		57		57
Net income (loss) attributable to BOK Financial Corp. shareholders	$	320,098	$	(3,109)	$	64,573	$	(29,718)	$	351,844

Average assets	$	29,324,596	$	10,281,679	$	17,320,779	$	(9,290,763)	$	47,636,291

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended September 30, 2021 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	150,211	$	16,967	$	55,697	$	57,352	$	280,227
Net interest revenue (expense) from internal sources	(16,107)		10,255		(501)		6,353		—
Net interest revenue	134,104		27,222		55,196		63,705		280,227
Net loans charged off and provision for credit losses	2,807		928		(70)		(26,665)		(23,000)
Net interest revenue after provision for credit losses	131,297		26,294		55,266		90,370		303,227
Other operating revenue	92,511		44,401		97,888		(4,968)		229,832
Other operating expense	68,301		49,483		87,498		85,995		291,277
Net direct contribution	155,507		21,212		65,656		(593)		241,782
Gain (loss) on financial instruments, net	44		(5,949)		—		5,905		—
Change in fair value of mortgage servicing rights	—		12,945		—		(12,945)		—
Gain (loss) on repossessed assets, net	(3,945)		—		—		3,945		—
Corporate expense allocations	11,769		11,516		10,110		(33,395)		—
Net income before taxes	139,837		16,692		55,546		29,707		241,782
Federal and state income taxes	37,143		4,260		14,207		(1,549)		54,061
Net income	102,694		12,432		41,339		31,256		187,721
Net loss attributable to non-controlling interests	—		—		—		(601)		(601)
Net income attributable to BOK Financial Corp. shareholders	$	102,694	$	12,432	$	41,339	$	31,857	$	188,322

Average assets	$	28,474,132	$	10,083,593	$	19,109,704	$	(8,168,280)	$	49,499,149

Reportable segments reconciliation to the Consolidated Financial Statements for the nine months ended September 30, 2021 is as follows (in thousands):



	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	457,953	$	51,205	$	157,217	$	174,581	$	840,956
Net interest revenue (expense) from internal sources	(62,941)		21,936		(1,375)		42,380		—
Net interest revenue	395,012		73,141		155,842		216,961		840,956
Net loans charged off and provision for credit losses	33,061		2,489		(153)		(118,397)		(83,000)
Net interest revenue after provision for credit losses	361,951		70,652		155,995		335,358		923,956
Other operating revenue	204,358		134,396		243,160		16,418		598,332
Other operating expense	206,630		157,558		245,685		268,340		878,213
Net direct contribution	359,679		47,490		153,470		83,436		644,075
Gain (loss) on financial instruments, net	111		(18,427)		—		18,316		—
Change in fair value of mortgage servicing rights	—		33,778		—		(33,778)		—
Gain (loss) on repossessed assets, net	12,355		41		—		(12,396)		—
Corporate expense allocations	37,015		34,590		30,358		(101,963)		—
Net income before taxes	335,130		28,292		123,112		157,541		644,075
Federal and state income taxes	90,130		7,214		31,488		16,107		144,939
Net income	245,000		21,078		91,624		141,434		499,136
Net loss attributable to non-controlling interests	—		—		—		(1,667)		(1,667)
Net income attributable to BOK Financial Corp. shareholders	$	245,000	$	21,078	$	91,624	$	143,101	$	500,803

Average assets	$	28,228,824	$	9,976,742	$	18,987,236	$	(7,193,540)	$	49,999,262