Bok Financial Corporation · NASDAQ:BOKF
Bok Financial — Investor Presentation (May 2025)
23 slides from Bok Financial's investor presentation, May 2025
Slide 1: Investor Presentation
Investor Presentation May 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: Corporate Snapshot
NASDAQ: BOKF BOK Financial Corporation CONSUMER, COMMERCIAL & BROKER/DEALER & Corporate Snapshot MORTGAGE BANKING INDEPENDENT ADVISORY SERVICES • Top 30 national/regional bank* BOK Financial ® BOK Financial Securities • Midwest/Southwest franchise Bank of Texas BOK Financial Advisors • 114 full-serv
Slide 4: Core Strategy
Core Strategy Long-term EPS Growth vs. KRX Median* Build a bank with diverse revenues that can compete upstream and BOKF CAGR = 8.2% outperform peers across varying economic cycles. "There is no principle more emphasized in our organization KRX CAGR = 4.0% than managing for long-term value rather th
Slide 5: Diversified Loan Portfolio
Diversified Loan Portfolio Disciplined concentration management, diversified by sector & geography Loan Segmentation Collateral Location as of 3/31/2025 as of 3/31/2025 17% 32% 22% Commercial real estate Texas 29% Healthcare Oklahoma Loans to individuals Colorado 12% Services Arizona Energy Kansas/M
Slide 6: Diversified Loan Portfolio
Diversified Loan Portfolio Portfolio Composition Energy Banking as of 3/31/2025 • More than 100-year history in energy lending 8% • Focus on first-lien, senior-secured E&P lending, the "sweet spot" in energy lending 12% • Seasoned internal petroleum engineering staff to confirm collateral values - a
Slide 7: Strong Core Deposit Franchise
Strong Core Deposit Franchise Deposit Mix & Cost ($Millions) Deposit Mix by Geography Deposit Mix by Line of Business Demand Total Deposit Breakdown Interest-bearing transaction Savings 3% Time 18% 28% $45,000 9% 4% $40,000 4% 9% 9% $35,000 3% 9% 2% 2% 5% 6% 54% 2% $30,000 $25,000 $20,000 54% 62% 67
Slide 8: Wealth Management
Wealth Management Wealth Management Revenue ($Millions) CAGR: 7.6% $700.0 $592.1 Primary Lines of Business $600.0 • Private Wealth / Asset Management - Banking and investment management, $500.0 trust and estate administration, and Cavanal Hill family of funds $400.0 • Institutional Wealth - Retireme
Slide 9: Wealth Management
Wealth Management Wealth Revenue by Line of Business For the three months ended March 31, 2025 Cavanal Hill, 2% BOK Private Financial Wealth, Securities, 43% 33% Awards, Recognition, and Rankings • Retirement Plan Services recognized as a top five provider and recipient of six Institutional "Best in
Slide 10: Transaction Processing
Transaction Processing Transaction Processing Volume as of 12/31/2024 EFT TRANSACTION VOLUMES Debit Processing & ATM Network (Million) • Operates nationally • More than 75% of clients are outside of Oklahoma • Clients: Banks, Credit Unions and C-store chains • 800+ million EFT transactions processed
Slide 11: Q1 Financial Highlights
Q1 Financial Highlights Net Income • Net Income was $119.8 million, or $1.86 per diluted share Attributable to shareholders Per share (diluted) • Net interest margin expanded 3 basis points with core net interest $163.7 margin excluding trading declining 4 basis points $140.0 $136.2 $119.8 • Asset q
Slide 12: Additional Details
Additional Details Quarterly Quarterly ◦ Period end loan balances decreased ($Billion) Q1 2025 $424 million, primarily due to reduced Sequential YOY energy loan balances. Average loan Period End Loans $23.7 (1.8)% (2.0)% balances grew $44 million with higher CRE and loans to individuals balances, Av
Slide 13: Credit Resilience
Credit Resilience Disciplined Credit Concentration 100 year history in energy lending and a tested playbook • 72% oil / 28% gas-weighted borrowers • CRE limit on total committed balances is 185% of tier • Robust stress testing process and 17 petroleum one capital plus reserves engineers on staff • O
Slide 14: Loan Portfolio
Loan Portfolio Seq. Loan YOY Loan ($Million) Mar. 31, 2025 Dec. 31, 2024 Mar. 31, 2024 Growth Growth • Combined Services & General Energy $ 2,860.3 $ 3,254.7 $ 3,443.7 (12.1)% (16.9)% Business (Core C&I) balances decreased $54 million or 0.7% Services 3,704.8 3,643.2 3,529.4 1.7% 5.0% linked quarter
Slide 15: Credit Quality Metrics
Credit Quality Metrics Net Charge-Offs to Average Loans • Credit quality remains very strong with non-performing Annualized assets, excluding loans guaranteed by U.S. government 0.60% agencies, totaling $79 million or 0.33% of outstanding loans and repossessed assets 0.40% • Trailing 12 months net c
Slide 16: Yields, Rate & Margin
Yields, Rate & Margin Quarterly Quarterly ($Million) Q1 2025 Q4 2024 Q1 2024 Net Interest Income sequential YOY • Net interest income was up $3.2 million linked quarter, Net Interest Income $316.3 $313.0 $293.6 1.0% 7.7% driven by the continued upward repricing of fixed-rate securities and loans, as
Slide 17: Fee Income - Markets & Securities
Fee Income - Markets & Securities Trading Fees ($Million) Q1 2025 Qtr. Seq. Qtr. Seq. Qtr. YOY $ Change % Change % Change • Trading fee income declined $25.0 Trading Fees $ 8.1 $ (25.0) (75.5)% (78.4)% A million driven by lower trading Mortgage Banking 19.8 1.7 9.2% 4.5% volumes and tightened spread
Slide 18: Fee Income - Asset Management & Transactions
Fee Income - Asset Management & Transactions Fiduciary & Asset Management Qtr. Seq. Qtr. Seq. Qtr. YOY ($Million) Q1 2025 $ Change % Change % Change • Assets under management or Markets & Securities $ 50.9 $ (22.8) (30.9)% (34.9)% A administration (“AUMA”) decreased $659 million during the Fiduciary
Slide 19: Expenses
Expenses % Incr. % Incr. • Quarterly personnel expenses ($Million) Q1 2025 Q4 2024 Q1 2024 Seq. YOY increased $3.5 million, largely driven annual merit increases in the first quarter. Seasonally higher Personnel Expense $214.2 $210.7 $202.7 1.7% 5.7% payroll taxes were offset by lower incentive comp
Slide 20: 2025 Full Year Outlook
2025 Full Year Outlook Business Driver 2024 Actuals FY '25 As of 04/22/25* Notes Mid to upper single-digit Core C&I grew at an 8.1% rate in 2024. Fund up of CRE loans and EOP Loans $24.1 billion growth rate launch of Mortgage Finance expected in second half of the year. EOP Inv Securities $14.9 bill
Slide 21: 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 74% of the total loan portfolio is variable rate or is 3.2 years, extending to only 3.8 years if rates increase 300 fixed rate that r
Slide 22: Liquidity & Capital
Liquidity & Capital Q1 2025 Q4 2024 Q1 2024 Liquidity Loan to Deposit Ratio 61.9% 63.1% 68.3% • Period end deposit balances increased $90 million this quarter Period-End Deposits $38.3 billion $38.2 billion $35.4 billion Available Secured Capacity $21.9 billion $22.9 billion $20.0 billion • Uninsure
Slide 23: BOK Financial Corporation
BOK FINANCIAL CORPORATION