(In thousands, except share and per share amounts)

Three Months Ended September 30,

Nine Months Ended September 30,

2023

2022

2023

2022

Numerator:

Net income attributable to BOK Financial Corp. shareholders

$

134,495

$

156,510

$

448,171

$

351,844

Less: Earnings allocated to participating securities

1,104

1,161

3,561

2,562

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

133,391

155,349

444,610

349,282

Effect of reallocating undistributed earnings of participating securities

—

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

$

133,391

$

155,349

$

444,610

$

349,282

Denominator:

Weighted average shares outstanding

66,090,988

67,503,041

66,484,557

67,902,592

Less: Participating securities included in weighted average shares outstanding

542,681

499,842

529,263

492,803

Denominator for basic earnings per common share

65,548,307

67,003,199

65,955,294

67,409,789

Dilutive effect of employee stock compensation plans

—

1,424

—

1,433

Denominator for diluted earnings per common share

65,548,307

67,004,623

65,955,294

67,411,222

Basic earnings per share

$

2.04

$

2.32

$

6.74

$

5.18

Diluted earnings per share

$

2.04

$

2.32

$

6.74

$

5.18