Bok Financial Corporation · NASDAQ:BOKF
Bok Financial — Q1 2026 Earnings Presentation
22 slides from Bok Financial's earnings presentation, Apr 21, 2026
Slide 1: Q1 Earnings Conference Call
Q1 Earnings Conference Call April 21, 2026
Slide 2: Legal Disclaimers
Legal Disclaimers This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial servi
Slide 3: Stacy Kymes, Chief Executive Officer
Stacy Kymes Chief Executive Officer 3
Slide 4: Q1 Financial Highlights
Q1 Financial Highlights Net Income • Net income was $155.8 million, or $2.58 per diluted share, compared Attributable to shareholders to $177.3 million, or $2.89 per diluted share in the prior quarter. Per share (diluted) $177.3 Excluding the gain recognized on the sale of a merchant banking $155.8
Slide 5: Additional Details
Additional Details Quarterly Quarterly ◦ Period end loan balances increased $536 ($Billion) Q1 2026 Sequential YOY million, led by strong growth in our Arizona, Texas, and Oklahoma markets with broad- Period End Loans $26.2 2.1% 10.5% based growth in our Commercial and Commercial Real Estate portfol
Slide 6: Loan Portfolio
Loan Portfolio Seq. Loan YOY Loan • Total Commercial loans grew $292 ($Million) Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2025 Growth Growth million or 1.9% sequentially Energy $ 3,005.7 $ 2,882.2 $ 2,860.3 4.3% 5.1% • Combined Services & General Services 3,901.9 3,911.9 3,704.8 (0.3)% 5.3% Business (Cor
Slide 7: Credit Quality Metrics
Credit Quality Metrics Net Charge-Offs to Average Loans • Credit quality continues to be strong with nonperforming Annualized assets, excluding loans guaranteed by U.S. government agencies, totaling $52 million or 0.20% of outstanding loans 0.20% and repossessed assets • Trailing 12 months net charg
Slide 8: Scott Grauer, EVP, Wealth Management Executive
Scott Grauer EVP, Wealth Management Executive 8
Slide 9: Fee Income - Markets & Securities
Fee Income - Markets & Securities Trading Fees ($Million) Q1 2026 Qtr. Seq. Qtr. Seq. Qtr. YOY $ Change % Change % Change • Trading fee income decreased $1.6 Trading Fees $ 19.3 $ (1.6) (7.8)% 138.2% A million reflecting continued mix shift Mortgage Servicing 17.0 — (0.1)% (0.9)% in total trading re
Slide 10: Fee Income - Asset Management & Transactions
Fee Income - Asset Management & Transactions • Fiduciary and asset management Qtr. Seq. Qtr. Seq. Qtr. YOY ($Million) Q1 2026 revenue decreased $1.9 million, $ Change % Change % Change primarily from higher transaction- Markets & Securities $ 64.6 $ (1.8) (2.6)% 26.9% 1 related fees recognized in th
Slide 11: Marty Grunst, EVP, Chief Financial Officer
Marty Grunst EVP, Chief Financial Officer 11
Slide 12: Yields, Rate & Margin
Yields, Rate & Margin Quarterly Quarterly ($Million) Q1 2026 Q4 2025 Q1 2025 Net Interest Income Sequential YOY • Net interest income declined $2.7 million linked Net Interest Income $342.6 $345.3 $316.3 (0.8)% 8.3% quarter, driven by seasonal declines in DDA balances, shorter day count in the first
Slide 13: Expenses
Expenses Quarterly Quarterly ($Million) Q1 2026 Q4 2025 Q1 2025 • Personnel expenses were down $11.6 Sequential YOY million, primarily driven by lower incentive compensation costs Total Personnel Expense $211.2 $222.7 $214.2 (5.2)% (1.4)% • Cash-based incentive compensation Memo: Deferred compensati
Slide 14: 2026 Full Year Outlook
2026 Full Year Outlook Business Driver 2025 Actuals FY '26 As of 04/21/26* Notes Continuing our recent broad-based loan growth trends in our EOP Loans $25.7 billion 10% area existing portfolio, and expansion of Mortgage Finance. EOP Inv Securities $15.4 billion Flat Assumes no rate cuts in 2026, con
Slide 15: Question & Answer Session
Question & Answer Session 15
Slide 16: Stacy Kymes, Chief Executive Officer
Stacy Kymes Chief Executive Officer 16
Slide 17: Appendix
Appendix 17
Slide 18: Credit Resilience
Credit Resilience Disciplined Credit Concentration 100 year history in energy lending and a tested playbook • 72% oil / 28% gas-weighted borrowers • CRE limit on total committed balances is 185% of tier • Robust stress testing process with 18 petroleum one capital plus reserves engineers and analyst
Slide 19: Securities and Interest Rate Risk Position
Securities and Interest Rate Risk Position Securities Portfolio Interest Rate Risk • Short duration with limited extension, current portfolio duration • Approximately 76% of the total loan portfolio is variable rate or is 3.0 years, extending to only 3.6 years if rates increase 200 fixed rate that r
Slide 20: Quarterly Financial Summary
Quarterly Financial Summary 20
Slide 21: Quarterly Financial Summary cont.
Quarterly Financial Summary cont. 21
Slide 22: BOK Financial Corporation
BOK FINANCIAL CORPORATION