Bok Financial Corporation · NASDAQ:BOKF
Bok Financial — Q3 2025 Earnings Presentation
23 slides from Bok Financial's earnings presentation, Oct 21, 2025
Slide 1: Q3 Earnings Conference Call
Q3 Earnings Conference Call October 21, 2025
Slide 2: Legal Disclaimers
Legal Disclaimers This presentation contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry, and the economy generally. Words such as “anticipates,” “beli
Slide 3: Stacy Kymes, Chief Executive Officer
Stacy Kymes Chief Executive Officer 3
Slide 4: Q3 Financial Highlights
Q3 Financial Highlights Net Income • Net Income was $140.9 million, or $2.22 per diluted share Attributable to shareholders Per share (diluted) • Net interest margin expanded 11 basis points to 2.91% and core net interest margin, excluding trading, grew 4 basis points to $140.0 $140.0 $140.9 $136.2
Slide 5: Additional Details
Additional Details Quarterly Quarterly ◦ Period end loan balances increased $573 ($Billion) Q3 2025 million, spread broadly across the Sequential YOY portfolio with growth in our core C&I Period End Loans $24.9 2.4% 3.7% portfolio, commercial real estate and loans to individuals. Average loan Averag
Slide 6: Loan Portfolio
Loan Portfolio Seq. Loan YOY Loan ($Million) Sep. 30, 2025 June 30, 2025 Sep. 30, 2024 Growth Growth • Combined Services & General Energy $ 2,681.5 $ 2,734.7 $ 3,126.6 (1.9)% (14.2)% Business (Core C&I) balances increased $112 million or 1.4% Services 3,710.6 3,658.8 3,573.7 1.4% 3.8% linked quarter
Slide 7: Credit Quality Metrics
Credit Quality Metrics Net Charge-Offs to Average Loans • Credit quality remains excellent with non-performing Annualized assets, excluding loans guaranteed by U.S. government 0.60% agencies, totaling $67 million or 0.27% of outstanding loans and repossessed assets 0.40% • Trailing 12 months net cha
Slide 8: Scott Grauer, EVP, Wealth Management Executive
Scott Grauer EVP, Wealth Management Executive 8
Slide 9: Fee Income - Markets & Securities
Fee Income - Markets & Securities Trading Fees ($Million) Q3 2025 Qtr. Seq. Qtr. Seq. Qtr. YOY $ Change % Change % Change • Trading fee income increased $1.1 Trading Fees $ 15.5 $ 1.1 7.4% (34.5)% A million driven by increased municipal Mortgage Banking 19.8 0.8 4.1% 7.6% bond trading and a more sta
Slide 10: Fee Income - Asset Management & Transactions
Fee Income - Asset Management & Transactions • Fiduciary and Asset Management Qtr. Seq. Qtr. Seq. Qtr. YOY ($Million) Q3 2025 revenue was relatively stable $ Change % Change % Change compared to the prior quarter. Q2 Markets & Securities $ 63.0 $ 5.9 10.3% (8.4)% 1 results were elevated due to Fiduc
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) Q3 2025 Q2 2025 Q3 2024 Net Interest Income sequential YOY • Net interest income was up $9.5 million linked quarter, Net Interest Income $337.6 $328.2 $308.1 2.9% 9.6% driven by the continued upward repricing of fixed-rate securities and loans, co
Slide 13: Expenses
Expenses • Personnel expenses were up $11.6 % Incr. % Incr. million ($Million) Q3 2025 Q2 2025 Q3 2024 Seq. YOY • Regular compensation increased $3.1 million, largely reflecting transitional Personnel Expense $226.3 $214.7 $206.8 5.4% 9.4% payments as we align our talent base to future growth object
Slide 14: 2025 Full Year Outlook
2025 Full Year Outlook Business Driver 2024 Actuals FY '25 As of 10/21/25* Notes Continuing our recent trend of consecutive quarters with near EOP Loans $24.1 billion 5%-7% growth double-digit annualized growth. EOP Inv Securities $14.9 billion Flat Assumes two 25bp rate cuts (Oct/Dec) by year-end.
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 and 17 petroleum one capital plus reserves engineers on staff • O
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 75% of the total loan portfolio is variable rate or is 3.0 years, extending to only 3.4 years if rates increase 200 fixed rate that r
Slide 20: Liquidity & Capital
Liquidity & Capital Q3 2025 Q2 2025 Q3 2024 Liquidity Loan to Deposit Ratio 64.6% 63.5% 64.4% • Period end deposit balances increased $254 million this quarter Period-End Deposits $38.5 billion $38.2 billion $37.2 billion Available Secured Capacity $22.5 billion $21.2 billion $22.8 billion • Uninsur
Slide 21: Quarterly Financial Summary
Quarterly Financial Summary 21
Slide 22: Quarterly Financial Summary cont.
Quarterly Financial Summary cont. 22
Slide 23: BOK Financial Corporation
BOK FINANCIAL CORPORATION