XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest revenue [Abstract]        
Loans $ 399,182 $ 204,015 $ 767,052 $ 382,388
Residential mortgage loans held for sale 1,092 1,559 2,071 2,953
Trading securities 47,821 22,958 81,830 63,933
Investment securities 8,586 3,485 17,514 5,839
Available for sale securities 94,589 58,672 183,325 116,604
Fair value option securities 3,116 437 7,009 928
Restricted equity securities 6,429 1,384 12,237 2,491
Interest-bearing cash and cash equivalents 9,552 1,737 16,058 2,210
Total interest revenue 570,367 294,247 1,087,096 577,346
Interest expense [Abstract]        
Deposits 136,666 13,862 231,940 21,460
Borrowed funds 109,221 4,894 176,259 10,682
Subordinated debentures 2,219 1,473 4,288 2,775
Total interest expense 248,106 20,229 412,487 34,917
Net interest revenue 322,261 274,018 674,609 542,429
Provision for credit losses 17,000 0 33,000 0
Net interest revenue after provision for credit losses 305,261 274,018 641,609 542,429
Total fees and commissions 200,497 173,373 386,476 271,008
Other gains (losses), net 12,618 (7,639) 14,869 (9,283)
Loss on derivatives, net (8,159) (13,569) (9,503) (60,550)
Loss on fair value option securities, net (2,158) (2,221) (5,120) (13,422)
Change in fair value of mortgage servicing rights 9,261 17,485 3,202 66,595
Gain (loss) on available for sale securities, net (3,010) 1,188 (3,010) 2,125
Total other operating revenue 209,049 168,617 386,914 256,473
Other operating expense [Abstract]        
Personnel 190,652 154,923 372,797 314,151
Business promotion 7,640 6,325 16,209 12,838
Charitable contributions to BOKF Foundation 1,142 0 1,142 0
Professional fees and services 12,777 12,475 25,825 23,888
Net occupancy and equipment 30,105 27,489 58,564 58,344
Insurance 6,974 4,728 14,289 9,011
Data processing and communications 45,307 41,280 90,109 81,116
Printing, postage and supplies 3,728 3,929 7,621 7,618
Amortization of intangible assets 3,474 4,049 6,865 8,013
Mortgage banking costs 8,300 9,437 14,082 17,314
Other expense 8,574 9,020 16,982 18,980
Total other operating expense 318,673 273,655 624,485 551,273
Net income before taxes 195,637 168,980 404,038 247,629
Federal and state income taxes 44,001 36,122 89,906 52,319
Net income 151,636 132,858 314,132 195,310
Net income (loss) attributable to non-controlling interests 328 12 456 (24)
Net income attributable to BOK Financial Corporation shareholders $ 151,308 $ 132,846 $ 313,676 $ 195,334
Earnings Per Share [Abstract]        
Basic $ 2.27 $ 1.96 $ 4.70 $ 2.87
Diluted $ 2.27 $ 1.96 $ 4.70 $ 2.87
Average shares used in computation: [Abstract]        
Basic 65,994,132 67,453,748 66,162,048 67,616,396
Diluted 65,994,132 67,455,172 66,162,048 67,617,834
Dividends declared per share $ 0.54 $ 0.53 $ 1.08 $ 1.06
Brokerage and trading revenue [Member]        
Total fees and commissions $ 65,006 $ 44,043 $ 117,402 $ 16,964
Transaction card revenue [Member]        
Total fees and commissions 26,003 26,940 51,624 51,156
Fiduciary and asset management revenue [Member]        
Total fees and commissions 52,997 49,838 103,654 96,237
Deposit service charges and fees [Member]        
Total fees and commissions 27,100 28,500 53,068 55,504
Mortgage banking revenue [Member]        
Total fees and commissions 15,141 11,368 29,508 28,018
Other revenue [Member]        
Total fees and commissions $ 14,250 $ 12,684 $ 31,220 $ 23,129