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    BOK Financial (BOKF)

    Market Price (7/26/2026): $142.14 | Market Cap: $8.5 BilSector: Financials | Industry: Regional Banks

    BOK Financial (BOKF)

    Market Price (7/26/2026): $142.14
    Market Cap: $8.5 Bil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%, FCF Yield is 5.5%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

    Low stock price volatility
    Vol 12M is 23%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.

    Trading close to highs
    Dist 52W High is -0.6%, Dist 3Y High is -0.6%

    Meaningful short interest
    Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.15

    Key risks
    BOKF key risks include [1] significant credit exposure to the volatile energy industry, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%, FCF Yield is 5.5%
    1 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
    2 Low stock price volatility
    Vol 12M is 23%
    3 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
    4 Trading close to highs
    Dist 52W High is -0.6%, Dist 3Y High is -0.6%
    5 Meaningful short interest
    Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.15
    6 Key risks
    BOKF key risks include [1] significant credit exposure to the volatile energy industry, Show more.

    BOKF in ETFs

    Weight = BOKF's share of each fund

    VTI0.00%
    ITOT0.00%
    IWB0.00%
    VIG0.01%
    VYM0.01%
    VB0.03%
    KRE1.3%
    DFAS0.16%
    +14 more covered ETFs

    Valuation & Metrics

    FYE: 12/31BOKF [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$2.1 Bil—
    FY 2026 Sales$2.3 Bil—
    FY 2027 Sales$2.4 Bil—
    FY 2026 Sales Growth6.4%—
    FY 2027 Sales Growth5.9%13.3%
    EARNINGS
    LTM Net Income (GAAP) [3]$614.0 Mil—
    FY 2026 Net Income (Non-GAAP)$641.5 Mil—
    FY 2027 Net Income (Non-GAAP)$648.0 Mil—
    FY 2027 Net Income Growth1.0%19.6%
    FY 2026 EPS (Non-GAAP)$10.54—
    FY 2027 EPS (Non-GAAP)$10.64—
    FY 2027 EPS Growth1.0%—
    VALUATION
    FY 2026 P/S3.71.6
    FY 2027 P/S3.5—
    FY 2026 P/E13.37.6
    FY 2027 P/E13.2—

    [1] BOKF forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    BOKFS&P 500
    REVENUE GROWTHFAIR
    Rev LTM ($ Bil)2.1
    Rev Chg Q9.5%9.1%
    Rev Chg LTM8.1%7.8%
    Rev Chg 3Y Avg2.7%5.9%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.5
    Net Inc LTM ($ Bil)0.6
    CFO/Rev LTM22.0%21.5%
    Net Inc Mgn28.6%13.0%
    VALUATIONLOW
    P/S4.03.3
    P/CFO18.115.1
    P/FCF18.119.9
    P/E13.924.2

    AI Analysis | Feedback

    MetricValueDateSource
    Assets under management or administration$122.7 billion9302025Link
    Efficiency ratio66.6%9302025Link
    Number of employees505612312024Link
    Loan to deposit ratio64%6302025Link
    Tier 1 capital ratio13.60%6302025Link
    Common equity Tier 1 capital ratio13.59%6302025Link
    Total capital ratio14.48%6302025Link
    Leverage ratio9.45%12312023Link
    Nonperforming assets as a percentage of outstanding loans and repossessed assets0.33%6302025Link
    Net charge-offs as a percentage of average loans (annualized)0.01%6302025Link

    Price Chart

    Recent
    7/20/2026Earnings ReleaseRev: $553 Mil (A) vs. $568 Mil (E)
    EPS: 2.92 (A) vs. $2.68 (E)
    Upcoming
    10/19/2026Earnings ReleaseRev: $571 Mil (E)
    EPS: $2.54 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 7/20/2026

    BOK Financial (BOKF) stock has gained about 10% since 3/31/2026 because of the following key factors:

    1. BOK Financial significantly surpassed analyst expectations in its fiscal Q1 2026 earnings, reported on April 20, 2026. The company posted earnings per share (EPS) of $2.58, exceeding the consensus estimate of $2.30 by $0.28. Quarterly revenue also beat estimates, coming in at $553.82 million against a consensus of $549.71 million. This strong performance at the beginning of the specified period provided positive momentum for the stock.

    2. The company demonstrated robust loan and deposit growth in fiscal Q2 2026, which ended June 30, 2026. BOK Financial reported period-end loans of $27.1 billion, an increase of $896 million or 3.4% from March 31, 2026, marking its highest recorded loan production levels. Deposits also grew by $1.18 billion, or 3.0%, to $39.9 billion. This growth, alongside solid credit quality with nonperforming assets at 0.23% of loans and net charge-offs of 0.01% of average loans, underscored a healthy operational environment.

    Show more
    Updated on 7/20/2026

    BOK Financial (BOKF) stock has gained about 10% since 3/31/2026 because of the following key factors:

    1. BOK Financial significantly surpassed analyst expectations in its fiscal Q1 2026 earnings, reported on April 20, 2026. The company posted earnings per share (EPS) of $2.58, exceeding the consensus estimate of $2.30 by $0.28. Quarterly revenue also beat estimates, coming in at $553.82 million against a consensus of $549.71 million. This strong performance at the beginning of the specified period provided positive momentum for the stock.

    2. The company demonstrated robust loan and deposit growth in fiscal Q2 2026, which ended June 30, 2026. BOK Financial reported period-end loans of $27.1 billion, an increase of $896 million or 3.4% from March 31, 2026, marking its highest recorded loan production levels. Deposits also grew by $1.18 billion, or 3.0%, to $39.9 billion. This growth, alongside solid credit quality with nonperforming assets at 0.23% of loans and net charge-offs of 0.01% of average loans, underscored a healthy operational environment.

    3. Several financial analysts raised their price targets for BOKF during this period, signaling increased confidence in the stock's valuation. For example, Barclays increased its price target from $135.00 to $145.00 on April 7, 2026, and RBC Capital set a target of $145.00 on April 22, 2026. Citigroup also boosted its price target from $138.00 to $141.00 on June 25, 2026. These revisions, reflecting positive outlooks, contributed to investor optimism, even as some analysts later adjusted ratings due to the stock's appreciation.

    4. The broader regional banking sector experienced a period of stabilization and recovery, which positively influenced BOK Financial's stock performance. Regional banks have entered a "stabilization phase" in 2025 and 2026, characterized by stronger capital ratios and improved liquidity. Investor sentiment towards the sector improved due to rising interest rate expectations, a jump in oil prices, and renewed inflation concerns, leading to a more favorable environment for financial stocks like BOKF. The State Street S&P Regional Banking ETF (KRE) was also reported to be near all-time highs as of mid-July 2026.

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    Stock Movement Drivers

    Fundamental Drivers

    The 11.6% change in BOKF stock from 3/31/2026 to 7/25/2026 was primarily driven by a 3.9% change in the company's Net Income Margin (%).
    (LTM values as of)33120267252026Change
    Stock Price ($)127.43142.2811.6%
    Change Contribution By: 
    Total Revenues ($ Mil)2,0972,1442.2%
    Net Income Margin (%)27.6%28.6%3.9%
    P/E Multiple13.413.93.6%
    Shares Outstanding (Mil)61601.4%
    Cumulative Contribution11.6%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 7/25/2026
    ReturnCorrelation
    BOKF11.6% 
    Market (SPY)13.6%18.8%
    Sector (XLF)14.1%61.6%

    Fundamental Drivers

    The 21.3% change in BOKF stock from 12/31/2025 to 7/25/2026 was primarily driven by a 7.5% change in the company's Total Revenues ($ Mil).
    (LTM values as of)123120257252026Change
    Stock Price ($)117.32142.2821.3%
    Change Contribution By: 
    Total Revenues ($ Mil)1,9942,1447.5%
    Net Income Margin (%)26.9%28.6%6.4%
    P/E Multiple13.713.91.3%
    Shares Outstanding (Mil)63604.7%
    Cumulative Contribution21.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    12/31/2025 to 7/25/2026
    ReturnCorrelation
    BOKF21.3% 
    Market (SPY)8.7%26.9%
    Sector (XLF)3.3%57.2%

    Fundamental Drivers

    The 48.8% change in BOKF stock from 6/30/2025 to 7/25/2026 was primarily driven by a 28.1% change in the company's P/E Multiple.
    (LTM values as of)63020257252026Change
    Stock Price ($)95.61142.2848.8%
    Change Contribution By: 
    Total Revenues ($ Mil)1,9822,1448.1%
    Net Income Margin (%)28.2%28.6%1.5%
    P/E Multiple10.913.928.1%
    Shares Outstanding (Mil)64605.9%
    Cumulative Contribution48.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2025 to 7/25/2026
    ReturnCorrelation
    BOKF48.8% 
    Market (SPY)20.6%39.3%
    Sector (XLF)8.8%60.5%

    Fundamental Drivers

    The 88.7% change in BOKF stock from 6/30/2023 to 7/25/2026 was primarily driven by a 72.5% change in the company's P/E Multiple.
    (LTM values as of)63020237252026Change
    Stock Price ($)75.39142.2888.7%
    Change Contribution By: 
    Total Revenues ($ Mil)1,9852,1448.0%
    Net Income Margin (%)31.2%28.6%-8.3%
    P/E Multiple8.113.972.5%
    Shares Outstanding (Mil)666010.5%
    Cumulative Contribution88.7%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2023 to 7/25/2026
    ReturnCorrelation
    BOKF88.7% 
    Market (SPY)72.6%49.6%
    Sector (XLF)74.5%66.4%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    BOKF Return58%1%-15%27%14%20%134%
    Peers Return24%-6%-2%-8%44%18%80%
    S&P 500 Return27%-19%24%23%16%8%97%

    Monthly Win Rates [3]
    BOKF Win Rate75%42%33%67%67%71% 
    Peers Win Rate44%53%47%42%72%63% 
    S&P 500 Win Rate75%42%67%75%67%43% 

    Max Drawdowns [4]
    BOKF Max Drawdown-19%-38%-38%-11%-23%-9% 
    Peers Max Drawdown-16%-19%-34%-22%-17%-14% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: NEWT, ATLO, FCBM, HAPN, CBC.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 7/24/2026 (YTD)

    How Low Can It Go

    EventBOKFS&P 500
    2025 US Tariff Shock
      % Loss-20.7%-18.8%
      % Gain to Breakeven26.1%23.1%
      Time to Breakeven133 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-29.1%-9.5%
      % Gain to Breakeven41.0%10.5%
      Time to Breakeven132 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-27.0%-6.7%
      % Gain to Breakeven37.0%7.1%
      Time to Breakeven432 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-31.8%-24.5%
      % Gain to Breakeven46.7%32.4%
      Time to Breakeven105 days427 days
    2020 COVID-19 Crash
      % Loss-55.8%-33.7%
      % Gain to Breakeven126.4%50.9%
      Time to Breakeven297 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-26.7%-19.2%
      % Gain to Breakeven36.4%23.8%
      Time to Breakeven800 days105 days

    Compare to NEWT, ATLO, FCBM, HAPN, CBC

    In The Past

    BOK Financial's stock fell -20.7% during the 2025 US Tariff Shock. Such a loss loss requires a 26.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventBOKFS&P 500
    2025 US Tariff Shock
      % Loss-20.7%-18.8%
      % Gain to Breakeven26.1%23.1%
      Time to Breakeven133 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-29.1%-9.5%
      % Gain to Breakeven41.0%10.5%
      Time to Breakeven132 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-27.0%-6.7%
      % Gain to Breakeven37.0%7.1%
      Time to Breakeven432 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-31.8%-24.5%
      % Gain to Breakeven46.7%32.4%
      Time to Breakeven105 days427 days
    2020 COVID-19 Crash
      % Loss-55.8%-33.7%
      % Gain to Breakeven126.4%50.9%
      Time to Breakeven297 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-26.7%-19.2%
      % Gain to Breakeven36.4%23.8%
      Time to Breakeven800 days105 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-31.4%-12.2%
      % Gain to Breakeven45.7%13.9%
      Time to Breakeven171 days62 days
    2014-2016 Oil Price Collapse
      % Loss-30.8%-6.8%
      % Gain to Breakeven44.6%7.3%
      Time to Breakeven133 days15 days
    2008-2009 Global Financial Crisis
      % Loss-55.7%-53.4%
      % Gain to Breakeven125.6%114.4%
      Time to Breakeven373 days1085 days

    Compare to NEWT, ATLO, FCBM, HAPN, CBC

    In The Past

    BOK Financial's stock fell -20.7% during the 2025 US Tariff Shock. Such a loss loss requires a 26.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About BOK Financial (BOKF)

    BOK Financial Corporation (BOKF) is a regional financial holding company operating primarily across Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. The company provides a broad array of financial products and services through its main subsidiary, BOKF, NA, catering to diverse customer needs across three core segments: Commercial Banking, Consumer Banking, and Wealth Management.

    Through its Commercial Banking segment, BOKF serves small businesses, middle-market, and larger commercial customers with essential services like lending, treasury management, cash management, and commodity risk management. This includes various commercial loans for working capital, facilities, and equipment. The Consumer Banking segment focuses on individuals and small businesses, offering lending and deposit services through its branch network, alongside mortgage loan origination and servicing. The company also supports accessibility through ATM, call center, and digital banking services.

    The Wealth Management segment provides specialized financial solutions such as fiduciary services, private banking, insurance offerings, and investment advisory services. This segment also engages in brokerage and trading activities, notably providing liquidity to mortgage markets by trading U.S. government agency mortgage-backed securities and related derivatives. Additionally, BOKF underwrites state and municipal securities, further broadening its comprehensive financial service portfolio for both individuals and institutions.

    AI Analysis | Feedback

    It's like a regional Bank of America, but primarily serving the South Central U.S. states.

    Think of it as a full-service regional bank, similar to U.S. Bank, but concentrated in Oklahoma, Texas, and nearby states.

    AI Analysis | Feedback

    ```html
    • Commercial Lending Services: Provides various loans to small businesses, middle market, and larger commercial customers for working capital, equipment, and real estate.
    • Consumer Lending Services: Offers residential mortgage loans and personal loans to individual consumers and small businesses through consumer channels.
    • Deposit Services: Provides a range of deposit accounts for businesses and individual customers.
    • Treasury and Cash Management: Delivers solutions for businesses to manage their cash flow, payments, and liquidity.
    • Wealth Management Services: Offers fiduciary, private banking, insurance, and investment advisory services to clients.
    • Brokerage and Trading Services: Provides trading services primarily focused on U.S. government agency mortgage-backed securities and related derivatives.
    • Municipal Securities Underwriting: Underwrites state and municipal bonds.
    • TransFund Electronic Funds Transfer (EFT) Network: Operates a network facilitating electronic transactions, including ATM services.
    • Customer Commodity Risk Management: Offers products to help commercial customers mitigate commodity price risks.
    • Digital Banking Services: Provides internet and mobile banking platforms for convenient access to financial services.
    ```

    AI Analysis | Feedback

    ```html

    BOK Financial (BOKF) serves a diverse customer base encompassing individuals, small businesses, and larger commercial and institutional clients. While the company has extensive commercial offerings, identifying specific named major customer companies is not feasible as banks typically serve numerous businesses and do not publicly disclose individual client names. Given the broad range of services provided to individuals and the intent to categorize customer types for a financial institution, the major customers can be described across the following categories:

    1. Individual Consumers: This category includes individuals utilizing general banking services such as deposit accounts, residential mortgage loans, personal loans, and accessing services via ATMs, call centers, internet, and mobile banking. It also encompasses high-net-worth individuals who receive private banking, insurance, and investment advisory services through the Wealth Management segment.
    2. Small Businesses: BOK Financial specifically targets small business customers, providing them with lending, deposit, treasury, and cash management services. These services are offered through both the Commercial Banking and Consumer Banking segments.
    3. Middle Market and Larger Commercial & Institutional Customers: This segment comprises a wide range of businesses, from middle market to large commercial entities across various sectors (e.g., service, healthcare, manufacturing, wholesale/retail, energy). BOK Financial offers them extensive commercial loans (for working capital, facilities, equipment), commercial real estate loans, treasury and cash management, and customer commodity risk management products. This category also includes institutional clients benefiting from fiduciary services and those involved in mortgage markets through brokerage and trading services, as well as state and municipal entities for whom the company underwrites securities.
    ```

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Stacy Kymes, President and Chief Executive Officer

    Stacy Kymes is the President and CEO of BOK Financial Corporation, a position he assumed in January 2022. He joined the company in 1996 and has served in numerous leadership capacities, including chief operating officer, executive vice president overseeing specialized banking areas (such as energy, commercial real estate, healthcare, and treasury services), chief auditor, corporate controller, treasurer, and chief credit officer. Kymes began his career at KPMG LLP, where he audited public and private companies within the financial services sector. He has also been actively involved in economic development projects in Tulsa, including fundraising for a new minor league ballpark and the privatization of the local zoo.

    Marty Grunst, Executive Vice President, Chief Financial Officer

    Marty Grunst serves as the Executive Vice President and Chief Financial Officer of BOK Financial, responsible for accounting, finance, tax, corporate treasury, mergers and acquisitions, investor relations, and enterprise data and analytics. He joined BOK Financial in 2009 and previously held roles as chief risk officer and treasurer from 2009 to 2016. Prior to his tenure at BOK Financial, Grunst spent six years as Treasurer of Citizens Bank and Citizens Republic Bancorp and held various treasury and finance positions at Bank One/JPMorgan Chase.

    Scott B. Grauer, Executive Vice President, Wealth Management; CEO, BOK Financial Securities, Inc.

    Scott Grauer is the Executive Vice President for Wealth Management at BOK Financial Corporation and CEO of its broker/dealer, BOK Financial Securities, Inc. In this role, he oversees all of the company's wealth management business lines, including institutional wealth, the private bank, and international banking, and chairs Cavanal Hill Investment Management. Grauer joined BOK Financial in 1991 following the company's acquisition of an independent retail brokerage operation. He was named manager of BOKF Financial Securities, Inc. retail in 1996 and became president and CEO of the firm in late 1999, taking responsibility for retail, institutional, and investment banking activities.

    Mindy Mahaney, Executive Vice President, Chief Risk Officer

    Mindy Mahaney is the Executive Vice President and Chief Risk Officer for BOK Financial, where she is responsible for enterprise-wide risk management and ensuring compliance with government regulations. She joined BOK Financial in July 2008. Her previous roles at the company include chief operating and administrative officer for the wealth management division and senior business group controller for consumer banking, wealth management, treasury, international services, and the Colorado and Kansas City commercial markets.

    Derek S. Martin, Executive Vice President, Chief Information Officer

    Derek Martin is the Executive Vice President and Chief Information Officer for BOK Financial. He leads the enterprise operations and information technology division, which supports nearly every aspect of the company. Martin has been with BOK Financial since 1994, holding various positions across the consumer bank, most recently serving as consumer banking executive.

    AI Analysis | Feedback

    Here are the key risks to BOK Financial (BOKF):

    1. Concentrated Exposure to Energy and Commercial Real Estate Sectors: BOK Financial has significant exposure to the energy sector, particularly within its commercial loan portfolio, making its performance highly correlated with crude oil prices. A downturn in the energy sector could negatively impact borrowers' ability to repay loans. Similarly, concentrated exposure to commercial real estate (CRE) also poses a risk, with potential pressures on credit quality if the CRE market experiences a decline.
    2. Interest Rate Fluctuations: As a financial institution, BOK Financial's profitability is highly sensitive to changes in interest rates. Fluctuations in interest rates can significantly impact the company's net interest margin (NIM). For instance, potential interest rate cuts by the Federal Reserve could put downward pressure on profitability, while rapid changes can affect loan demand and credit quality.
    3. Intense Competition and Technological Disruption: BOK Financial operates within a highly competitive financial services landscape, facing competition from various entities including regional and national banks, diversified financial firms, and emerging fintech companies. This intense competition can pressure market share and profitability. The need for continuous adaptation and investment in technology to keep pace with innovative solutions offered by competitors also presents a risk.

    AI Analysis | Feedback

    Digital-first financial technology companies (Fintechs) and neobanks

    Specialized online lenders and alternative credit providers

    AI Analysis | Feedback

    BOK Financial (symbol: BOKF) operates in several key financial markets across the United States. The addressable market sizes for their main products and services in the U.S. are as follows:

    • Commercial Lending: The U.S. commercial banking market size is estimated at USD 765.53 billion in 2026, with commercial lending constituting a significant portion of this market. Another source indicates the broader global commercial lending market was valued at USD 10,923.28 billion in 2025.
    • Cash Management and Treasury Services: The U.S. cash management system market is estimated at USD 21.78 billion in 2026 and is expected to reach USD 30.56 billion by 2031. The demand for cash management services in the USA is projected to grow from USD 1.6 billion in 2025 to USD 3.7 billion by 2035.
    • Electronic Funds Transfer (including ATM Networks): The electronic funds transfer market in the U.S. was estimated at USD 90.20 billion in 2025 and is projected to reach USD 174.34 billion by 2032. Specifically for ATM services, the U.S. ATM market size reached approximately USD 7.92 billion in 2025 and is projected to grow to USD 10.14 billion by 2035.
    • Consumer Lending: The consumer credit market size in the U.S. is USD 14.1 billion in 2026 and is projected to grow to USD 18.28 billion by 2031.
    • Mortgage Lending: The U.S. home loan market is estimated to reach USD 2.42 trillion in 2026 and is forecasted to grow to USD 3.17 trillion by 2031.
    • Deposits: Total commercial bank deposits in the U.S. surpassed $18.5 trillion. As of February 25, 2026, total deposits for all commercial banks in the U.S. were approximately USD 18.8 trillion.
    • Wealth Management and Investment Advisory Services: The assets under management (AUM) for the investment adviser industry in the U.S. reached $144.6 trillion in 2024. The USA Financial Advisory Market, in terms of assets under management, is expected to grow from USD 90.54 trillion in 2025 to USD 101.74 trillion by 2030.

    AI Analysis | Feedback

    Here are 3-5 expected drivers of future revenue growth for BOK Financial (BOKF) over the next 2-3 years:
    • Robust Loan Growth: BOK Financial anticipates mid to upper single-digit loan growth, particularly driven by its Commercial & Industrial (C&I) and Commercial Real Estate (CRE) portfolios. The company's loan pipelines remain strong across these segments, with significant growth observed in Texas.
    • Expansion of Mortgage Finance and Warehouse Lending Division: A significant future growth driver is the planned launch and scaling of a new mortgage finance and warehouse lending division, which began generating initial fundings in Q3 2025 and is expected to contribute more meaningful outstanding balances in 2026. This initiative aims to diversify revenue streams and bolster future loan growth.
    • Growth in Fee-Based Businesses: The company emphasizes the strength and diversity of its fee-based businesses, including wealth management, investment banking, and transaction card services. BOK Financial has achieved record investment banking fees and seen impressive growth in assets under management and administration (AUMA) and transaction card revenue, which are expected to continue driving revenue.
    • Net Interest Income and Margin Expansion: BOK Financial has experienced consistent expansion in net interest income (NII) and net interest margin (NIM), with expectations for these trends to continue. This is supported by factors such as fixed-rate asset repricing, beneficial repricing of deposits, and overall loan and deposit growth.
    • Targeted Geographic and Market Expansion: The company is actively pursuing strategic initiatives to expand its presence in high-growth markets. This includes continued investment in regions like Texas, where it has seen strong Commercial & Industrial loan growth, and strategic entries into new geographical markets such as San Antonio and Houston, with a focus on enhancing its commercial banking operations.

    AI Analysis | Feedback

    Share Repurchases

    • On July 29, 2025, BOK Financial authorized a new share repurchase plan allowing for the repurchase of up to 5,000,000 shares.
    • Between October 1, 2025, and December 31, 2025, the company repurchased 2,617,414 shares for approximately $282.65 million.
    • Total buybacks since November 2022 amounted to 4,130,318 shares for $360.17 million by October 22, 2025.

    Share Issuance

    • BOK Financial's shares outstanding generally declined from 0.069 billion in Q4 2021 to 0.063 billion in Q3 2025, indicating net repurchases rather than significant capital-raising issuances.
    • Phantom stock (restricted stock units) issued on February 28, 2023, vested for executives on January 13, 2026, with some shares disposed of to cover taxes.
    • Director shares were granted in 2024 as part of the BOK Financial Directors Stock Compensation Plan.

    Outbound Investments

    • BOK Financial plans to launch a new mortgage finance and warehouse lending division in late 2025, with a focus on engaging over 500 independent mortgage originators.
    • The company continues to strategically invest in high-growth markets like Texas, where it achieved 9.8% Commercial & Industrial (C&I) loan growth year-over-year in 2024.
    • BOK Financial was named the official bank partner of Colorado Athletics on June 25, 2025.

    Capital Expenditures

    • BOK Financial aims to maintain its competitive edge through strategic investments, disciplined risk management, and a focus on customer service, including investment in technology.

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    Financials

    BOKFNEWTATLOFCBMHAPNCBCMedian
    NameBOK Fina.NewtekOneAmes Nat.First Ca.Happen, .Central . 
    Mkt Price142.2814.4330.0512.6618.0632.0424.05
    Mkt Cap8.50.40.3-2.1385.02.1
    Rev LTM2,14427270-1,0331,0001,000
    Op Inc LTM-------
    FCF LTM471-77622--3,16045722
    FCF 3Y Avg-159-34817--2,498--253
    CFO LTM471-77623--3,00749123
    CFO 3Y Avg-159-34819--2,410--253

    Growth & Margins

    BOKFNEWTATLOFCBMHAPNCBCMedian
    NameBOK Fina.NewtekOneAmes Nat.First Ca.Happen, .Central . 
    Rev Chg LTM8.1%10.5%21.7%-25.4%-16.1%
    Rev Chg 3Y Avg2.7%32.1%5.4%--0.6%-4.1%
    Rev Chg Q9.5%8.0%17.8%-15.9%-12.7%
    QoQ Delta Rev Chg LTM2.2%1.9%4.1%-3.5%-2.8%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM22.0%-285.4%32.5%--291.0%49.1%22.0%
    CFO/Rev 3Y Avg-10.3%-134.4%31.4%--270.5%--72.3%
    FCF/Rev LTM22.0%-285.4%31.2%--305.8%45.7%22.0%
    FCF/Rev 3Y Avg-10.3%-134.5%28.6%--279.9%--72.4%

    Valuation

    BOKFNEWTATLOFCBMHAPNCBCMedian
    NameBOK Fina.NewtekOneAmes Nat.First Ca.Happen, .Central . 
    Mkt Cap8.50.40.3-2.1385.02.1
    P/S4.01.53.8-2.0384.83.8
    P/Op Inc-------
    P/EBIT-------
    P/E13.96.412.4-11.91,025.612.4
    P/CFO18.1-0.511.8--0.7784.511.8
    Total Yield8.9%22.8%10.9%-8.4%0.1%8.9%
    Dividend Yield1.7%7.1%2.8%-0.0%0.0%1.7%
    FCF Yield 3Y Avg-3.8%-92.0%8.8%----3.8%
    D/E0.71.30.1-0.00.00.1
    Net D/E0.30.4-1.8--0.4-0.0-0.0

    Returns

    BOKFNEWTATLOFCBMHAPNCBCMedian
    NameBOK Fina.NewtekOneAmes Nat.First Ca.Happen, .Central . 
    1M Rtn2.8%0.0%-0.7%-2.6%-8.2%9.4%-0.4%
    3M Rtn7.9%14.8%8.0%0.5%-4.7%24.0%7.9%
    6M Rtn8.7%8.6%25.9%0.5%-4.7%33.3%8.7%
    12M Rtn37.9%31.3%69.3%0.5%-4.7%76.9%34.6%
    3Y Rtn68.5%-5.7%72.4%0.5%-4.7%153.4%34.5%
    1M Excs Rtn3.1%1.5%-2.8%-1.8%-7.9%8.1%-0.2%
    3M Excs Rtn2.5%12.5%3.3%-3.8%-9.0%21.3%2.9%
    6M Excs Rtn-1.3%-1.0%17.7%-6.7%-12.0%22.0%-1.1%
    12M Excs Rtn18.9%10.3%50.5%-16.1%-21.3%60.3%14.6%
    3Y Excs Rtn4.2%-63.4%13.5%-61.9%-67.1%64.5%-28.8%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
    Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
    Filing Date5/6/20262/18/202610/29/20257/30/20254/30/20252/19/202510/30/20247/31/20245/1/20242/21/202411/1/20238/2/2023
    Key Financials Quarterly            
    Total Revenue542535538529495433507547449437491523
    Net Income1561771411401201361401648483134151
    EPS2.582.892.222.191.862.122.182.541.291.262.042.27
    Key Financials TTM            
    Total Revenue TTM2,1442,0971,9941,9641,9821,9361,9401,9231,8991,9752,0702,075
    Net Income TTM614578537536560524470464452531617639
    Growth Rates Quarterly            
    Total Revenue Growth9.5%23.7%6.0%-3.4%10.3%-0.9%3.4%4.6%-14.4%-18.0%-1.0%20.7%
    Net Income Growth30.0%30.2%0.6%-14.5%43.1%64.9%4.1%8.2%-48.4%-51.0%-14.1%13.9%
    Margins Quarterly            
    Net Income Margin28.7%33.1%26.2%26.5%24.2%31.5%27.6%29.9%18.6%18.9%27.4%28.9%
    Cash & Debt            
    Total Cash3,2523,7654,6072,4073,1204,38614,49213,87013,80913,63513,28213,386
    Total Debt6,1173,1083,2124,1133,2523,1444,8456,6456,8457,8216,3223,898
    Net Debt / (Cash)2,865-656-1,3951,707132-1,243-9,647-7,225-6,963-5,814-6,960-9,488
    Cash Flows Quarterly            
    FCF from Operations-249-2388688920541247464179-4621,088-3,025
    Cash Flows TTM            
    FCF from Operations TTM4717401,5198971,2711,4304281,269-2,21966-1,694-1,873
    Returns to Shareholders Quarterly            
    Dividends383836373637353536363636
    Share Repurchases1130941646003855506023
    Return on Invested Capital (ROIC) Quarterly            
    ROIC21.7%--32.8%361.6%-------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM21.4%--31.4%422.4%-------

    Segment Financials

    Revenue by Segment
    $ Mil20202019201820172016
    Commercial9021,090890795688
    Wealth Management530403378346316
    Consumer322287261293311
    Funds Management and Other1992873103106
    Total1,9521,8071,6021,5371,421


    Operating Income by Segment
    $ Mil20152014201320122008
    Commercial365313252256 
    Consumer112127114140 
    Wealth Management6766233749
    Funds Managementand Other-112-773165-3
    Commercial Banking    130
    Consumer Banking    42
    Total432430420499218


    Net Income by Segment
    $ Mil20232022202120202019
    Commercial664462329306375
    Consumer2226289857
    Wealth Management21510611311695
    Funds Management and Other-571-53149-85-26
    Total531520618435501


    Assets by Segment
    $ Mil20232022202120202019
    Commercial28,63129,08528,53726,99422,808
    Wealth Management13,57016,21019,42515,69610,204
    Consumer9,56210,23010,0309,8429,301
    Funds Management and Other-3,518-8,500-7,840-3,827219
    Total48,24447,02550,15248,70442,532


    Price Behavior

    Price Behavior
    Market Price$142.28 
    Market Cap ($ Bil)8.5 
    First Trading Date09/05/1991 
    Distance from 52W High-0.6% 
       50 Days200 Days
    DMA Price$134.09$124.89
    DMA Trendupup
    Distance from DMA6.1%13.9%
     3M1YR
    Volatility21.0%22.9%
    Downside Capture9.2457.11
    Upside Capture43.2984.69
    Correlation (SPY)5.7%39.6%
    BOKF Betas & Captures as of 6/30/2026

     1M2M3M6M1Y3Y
    Beta-0.18-0.010.320.400.740.88
    Up Beta-0.92-0.160.470.650.890.73
    Down Beta0.38-0.07-0.270.100.690.94
    Up Capture31%19%46%49%81%90%
    Bmk +ve Days11244067140429
    Stock +ve Days14213665131385
    Down Capture-61%-7%34%32%63%98%
    Bmk -ve Days10172358112321
    Stock -ve Days7202760118363

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BOKF
    BOKF35.6%22.9%1.26-
    Sector ETF (XLF)7.3%14.6%0.2760.8%
    Equity (SPY)17.6%12.7%1.0039.4%
    Gold (GLD)19.2%28.1%0.619.1%
    Commodities (DBC)34.7%19.1%1.42-10.9%
    Real Estate (VNQ)13.8%14.1%0.6944.3%
    Bitcoin (BTCUSD)-46.2%42.9%-1.3223.5%

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    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BOKF
    BOKF14.5%27.8%0.49-
    Sector ETF (XLF)11.1%18.5%0.4668.2%
    Equity (SPY)12.8%17.1%0.5852.4%
    Gold (GLD)17.0%18.4%0.75-1.2%
    Commodities (DBC)9.6%19.5%0.389.1%
    Real Estate (VNQ)3.0%18.9%0.0649.1%
    Bitcoin (BTCUSD)15.3%53.4%0.4719.6%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BOKF
    BOKF10.8%33.3%0.39-
    Sector ETF (XLF)13.4%22.0%0.5677.8%
    Equity (SPY)14.9%17.9%0.7159.2%
    Gold (GLD)11.3%16.1%0.57-4.7%
    Commodities (DBC)7.2%17.9%0.3223.2%
    Real Estate (VNQ)5.2%20.7%0.2152.6%
    Bitcoin (BTCUSD)58.1%66.2%0.9813.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date7152026
    Short Interest: Shares Quantity2.2 Mil
    Short Interest: % Change Since 63020268.9%
    Average Daily Volume0.2 Mil
    Days-to-Cover Short Interest10.2 days
    Basic Shares Quantity60.0 Mil
    Short % of Basic Shares3.7%

    Returns Analyses

    Earnings Returns History

    Updated 7/23/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/20/2026-0.3%  
    4/20/2026-2.2%-2.9%-6.9%
    1/16/20261.2%1.8%4.1%
    10/20/2025-3.1%-1.9%-4.0%
    7/21/2025-0.9%-1.8%-0.9%
    4/21/2025-1.7%3.7%8.7%
    1/17/20251.1%-2.0%-1.4%
    10/21/2024-2.0%-1.7%5.1%
    ...
    SUMMARY STATS   
    # Positive101016
    # Negative15148
    Median Positive2.1%3.1%3.9%
    Median Negative-1.0%-1.9%-5.2%
    Max Positive5.0%7.4%23.3%
    Max Negative-10.6%-11.9%-10.5%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/20/2026-0.3%  
    4/20/2026-2.2%-2.9%-6.9%
    1/16/20261.2%1.8%4.1%
    10/20/2025-3.1%-1.9%-4.0%
    7/21/2025-0.9%-1.8%-0.9%
    4/21/2025-1.7%3.7%8.7%
    1/17/20251.1%-2.0%-1.4%
    10/21/2024-2.0%-1.7%5.1%
    7/22/2024-0.7%-2.4%-6.3%
    4/24/20242.1%-2.6%2.6%
    1/24/2024-0.1%5.8%1.0%
    10/25/2023-10.6%-8.4%0.8%
    7/26/2023-0.3%-0.9%-10.5%
    4/26/20233.6%-0.0%2.1%
    1/25/2023-0.1%1.2%3.8%
    10/26/20221.1%6.8%2.6%
    7/27/20224.5%7.4%13.1%
    4/27/2022-0.2%0.2%-1.2%
    1/19/2022-7.1%-11.9%-9.8%
    10/20/20215.0%6.8%13.7%
    7/21/20212.4%1.0%6.4%
    4/21/2021-1.0%-0.2%2.5%
    1/20/2021-1.0%-3.4%2.8%
    10/21/20202.1%2.5%23.3%
    7/22/20201.5%-0.1%5.4%
    SUMMARY STATS   
    # Positive101016
    # Negative15148
    Median Positive2.1%3.1%3.9%
    Median Negative-1.0%-1.9%-5.2%
    Max Positive5.0%7.4%23.3%
    Max Negative-10.6%-11.9%-10.5%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    03/31/202605/06/202610-Q
    12/31/202502/18/202610-K
    09/30/202510/29/202510-Q
    06/30/202507/30/202510-Q
    03/31/202504/30/202510-Q
    12/31/202402/19/202510-K
    09/30/202410/30/202410-Q
    06/30/202407/31/202410-Q
    03/31/202405/01/202410-Q
    12/31/202302/21/202410-K
    09/30/202311/01/202310-Q
    06/30/202308/02/202310-Q
    03/31/202305/03/202310-Q
    12/31/202203/01/202310-K
    09/30/202211/02/202210-Q
    06/30/202208/03/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    03/31/202605/06/202610-Q
    12/31/202502/18/202610-K
    09/30/202510/29/202510-Q
    06/30/202507/30/202510-Q
    03/31/202504/30/202510-Q
    12/31/202402/19/202510-K
    09/30/202410/30/202410-Q
    06/30/202407/31/202410-Q
    03/31/202405/01/202410-Q
    12/31/202302/21/202410-K
    09/30/202311/01/202310-Q
    06/30/202308/02/202310-Q
    03/31/202305/03/202310-Q
    12/31/202203/01/202310-K
    09/30/202211/02/202210-Q
    06/30/202208/03/202210-Q
    03/31/202205/04/202210-Q
    12/31/202102/23/202210-K
    09/30/202111/03/202110-Q
    06/30/202108/04/202110-Q
    03/31/202105/05/202110-Q
    12/31/202002/24/202110-K
    09/30/202011/03/202010-Q
    06/30/202008/04/202010-Q
    03/31/202005/05/202010-Q
    12/31/201902/27/202010-K
    09/30/201910/30/201910-Q
    06/30/201908/09/201910-Q

    Insider Activity

    Updated 7/14/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Wade, Mark BEVP - Texas Market ExecutiveDirectSell5112026132.621,700225,4542,700,276Form
    2Bangert, Steven DirectSell5082026134.782,100283,0384,422,940Form
    3Bangert, Steven Bangert Family Investments, LLLPSell5082026134.9150067,4541,407,903Form
    4Reid, Jeffrey AEVP, Chief HR OfficerDirectSell4242026135.521,200162,6271,099,934Form
    5Bangert, Steven DirectSell1262026137.712,500344,2754,808,282Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Wade, Mark BEVP - Texas Market ExecutiveDirectSell5112026132.621,700225,4542,700,276Form
    2Bangert, Steven DirectSell5082026134.782,100283,0384,422,940Form
    3Bangert, Steven Bangert Family Investments, LLLPSell5082026134.9150067,4541,407,903Form
    4Reid, Jeffrey AEVP, Chief HR OfficerDirectSell4242026135.521,200162,6271,099,934Form
    5Bangert, Steven DirectSell1262026137.712,500344,2754,808,282Form
    6Bangert, Steven Bangert Family Investments, LLLPSell1262026137.911,300179,2831,508,184Form
    7Bangert, Steven DirectSell12032025114.891,000114,8884,298,649Form
    8Bangert, Steven DirectSell11032025106.291,500159,4404,083,375Form
    9Bangert, Steven Bangert Family Investments, LLLPSell11032025106.071,000106,0701,297,873Form
    10Bangert, Steven DirectSell806202599.081,750173,3973,955,037Form
    11Bangert, Steven Bangert Family Investments, LLLPSell806202599.241,250124,0511,313,547Form

    Investor Activity (13F)

    Updated Jul 26, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    George Kaiser Family Foundation$430.5 Mil48.8%71Hold13F
    Active Manager
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    George Kaiser Family Foundation$430.5 Mil48.8%71Hold13F

    BOK Financial — Investor Video Playlist

    Industry Resources

    External Quote Links


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