Slide 1: Q4 Earnings Conference Call
Q4 Earnings Conference Call January 20, 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: Q4 Financial Highlights
Q4 Financial Highlights Net Income • Net Income was $177.3 million, or a record high $2.89 per diluted Attributable to shareholders share. Excluding the gain recognized on the sale of a merchant Per share (diluted) $177.3 banking investment and the FDIC special assessment benefit, net income would h
Slide 5: Additional Details
Additional Details Quarterly Quarterly ◦ Period end loan balances increased $786 ($Billion) Q4 2025 million, led by strong growth in our Texas Sequential YOY and Oklahoma markets with broad-based Period End Loans $25.7 3.2% 6.4% growth in our Commercial portfolio and loans to individuals. Average lo
Slide 6: Loan Portfolio
Loan Portfolio Seq. Loan YOY Loan • Total commercial loans grew $768 ($Million) Dec. 31, 2025 Sep. 30, 2025 Dec. 31, 2024 Growth Growth million or 5.3% sequentially, led by our Texas market, which increased Energy $ 2,882.2 $ 2,681.5 $ 3,254.7 7.5% (11.4)% $583 million Services 3,911.9 3,710.6 3,643
Slide 7: Credit Quality Metrics
Credit Quality Metrics Net Charge-Offs to Average Loans • Credit quality continues to be excellent with non- Annualized performing assets, excluding loans guaranteed by U.S. 0.60% government agencies, totaling $66 million or 0.26% of outstanding loans and repossessed assets 0.40% • Trailing 12 month
Slide 8: Scott Grauer, EVP, Wealth Management Executive
Scott Grauer EVP, Wealth Management Executive 8
Slide 9: Fee Income - Markets & Securities
Fee Income - Markets & Securities Trading Fees ($Million) Q4 2025 Qtr. Seq. Qtr. Seq. Qtr. YOY $ Change % Change % Change • Trading fee income increased $5.4 Trading Fees $ 20.9 $ 5.4 35.1% (36.7)% A million driven by higher trading Mortgage Banking 19.0 (0.8) (3.8)% 4.8% volumes for U.S. agency res
Slide 10: Fee Income - Asset Management & Transactions
Fee Income - Asset Management & Transactions • Fiduciary and asset management Qtr. Seq. Qtr. Seq. Qtr. YOY ($Million) Q4 2025 revenue was up $4.5 million driven $ Change % Change % Change by growth in trust fees, primarily Markets & Securities $ 66.3 $ 3.3 5.3% (9.9)% 1 from higher transaction-relat
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) Q4 2025 Q3 2025 Q4 2024 Net Interest Income sequential YOY • Net interest income was up $7.6 million linked quarter, Net Interest Income $345.3 $337.6 $313.0 2.3% 10.3% driven by the continued upward repricing of fixed-rate securities and loans, l
Slide 13: Expenses
Expenses % Incr. % Incr. • Personnel expenses were down ($Million) Q4 2025 Q3 2025 Q4 2024 Seq. YOY $3.6 million, primarily driven by seasonally lower employee benefit Total Personnel Expense $222.7 $226.3 $210.7 (1.6)% 5.7% costs Memo: Deferred compensation** 2.4 5.8 2.4 (58.3)% (0.5)% • Higher cas
Slide 14: 2026 Full Year Outlook
2026 Full Year Outlook Business Driver 2025 Actuals FY '26 As of 01/20/26* Notes Continuing our recent broad based loan growth trends in our EOP Loans $25.7 billion Upper single-digit growth existing portfolio, and expansion of Mortgage Finance. EOP Inv Securities $15.4 billion Flat Assumes two rate
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 • 71% oil / 29% 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: Notable Items
Notable Items • There was a disposition of a merchant banking investment during the quarter that resulted in a pre-tax gain of $23.5 million • Expense credit of $9.5 million associated with the updated FDIC special assessment and assessment rate ($Million) Q4 2025 Gain on sale of Merchant Banking In
Slide 23: BOK Financial Corporation
BOK FINANCIAL CORPORATION