Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2024

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2024 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	282,447	$	7,350	$	6,999	$	(3,224)	$	293,572
Net interest revenue (expense) from internal sources	(37,326)		94,799		33,110		(90,583)		—
Net interest revenue	245,121		102,149		40,109		(93,807)		293,572
Net loans charged off and provision for credit losses	4,160		1,808		(15)		2,047		8,000
Net interest revenue after provision for credit losses	240,961		100,341		40,124		(95,854)		285,572
Other operating revenue	50,006		36,207		118,704		(43,216)		161,701
Other operating expense	70,095		53,447		99,535		117,307		340,384
Net direct contribution	220,872		83,101		59,293		(256,377)		106,889
Gain (loss) on financial instruments, net	167		(9,663)		—		9,496		—
Change in fair value of mortgage servicing rights	—		10,977		—		(10,977)		—
Gain (loss) on repossessed assets, net	—		107		—		(107)		—
Corporate expense allocations	18,397		14,172		14,558		(47,127)		—
Net income before taxes	202,642		70,350		44,735		(210,838)		106,889
Federal and state income taxes	49,392		16,546		10,570		(53,313)		23,195
Net income	153,250		53,804		34,165		(157,525)		83,694
Net income attributable to non-controlling interests	—		—		—		(9)		(9)
Net income attributable to BOK Financial Corp. shareholders	$	153,250	$	53,804	$	34,165	$	(157,516)	$	83,703

Average assets	$	29,806,817	$	9,391,981	$	15,759,328	$	(4,930,554)	$	50,027,572

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2023 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	287,988	$	21,146	$	20,940	$	22,274	$	352,348
Net interest revenue (expense) from internal sources	(3,932)		88,235		33,166		(117,469)		—
Net interest revenue	284,056		109,381		54,106		(95,195)		352,348
Net loans charged off and provision for credit losses	76		1,184		(24)		14,764		16,000
Net interest revenue after provision for credit losses	283,980		108,197		54,130		(109,959)		336,348
Other operating revenue	56,845		30,610		108,911		(18,501)		177,865
Other operating expense	73,134		50,198		82,039		100,441		305,812
Net direct contribution	267,691		88,609		81,002		(228,901)		208,401
Gain (loss) on financial instruments, net	(58)		(4,673)		—		4,731		—
Change in fair value of mortgage servicing rights	—		(6,059)		—		6,059		—
Gain (loss) on repossessed assets, net	859		14		—		(873)		—
Corporate expense allocations	17,718		11,622		12,360		(41,700)		—
Net income before taxes	250,774		66,269		68,642		(177,284)		208,401
Federal and state income taxes	60,543		15,586		16,195		(46,419)		45,905
Net income	190,231		50,683		52,447		(130,865)		162,496
Net loss attributable to non-controlling interests	—		—		—		128		128
Net income attributable to BOK Financial Corp. shareholders	$	190,231	$	50,683	$	52,447	$	(130,993)	$	162,368

Average assets	$	28,162,934	$	9,934,511	$	11,663,096	$	(3,778,073)	$	45,982,468