Bok Financial Corporation · NASDAQ:BOKF
Bok Financial — Q4 2021 Earnings Presentation
19 slides from Bok Financial's earnings presentation, Jan 19, 2022
Slide 1: Q4 Earnings Conference Call
Confidential Q4 Earnings Conference Call January 19, 2022
Slide 2: Legal Disclaimers
Confidential Legal Disclaimers Forward-Looking Statements: 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, the economy generall
Slide 3: Stacy Kymes, Chief Executive Officer
Confidential Stacy Kymes Chief Executive Officer
Slide 4: Q4 Summary
Confidential Q4 Summary NET INCOME - YEARLY NET INCOME - QUARTERLY Attributable to Shareholders ($Million) Per Share (Diluted) Attributable to Shareholders ($Million) Per Share (Diluted) Noteworthy Items Impacting FY 2021 Profitability Noteworthy Items Impacting Q4 2021 Profitability • Strong perfor
Slide 5: Additional details
Confidential Additional details ($Billion) Q4 2021 Quarterly Growth Year over Year Growth ◦ PPP forgiveness of $260 million offset growth Period-End Loans $20.2 (0.7)% (12.2)% of $117 million in core loan balances Average Loans $20.2 (2.9)% (13.7)% ◦ Average deposits continue to grow, with the pace
Slide 6: Marc Maun, EVP, Regional Banking Executive
Confidential Marc Maun EVP, Regional Banking Executive
Slide 7: Loan Portfolio
Confidential Loan Portfolio Dec. 31, 2021 Sept. 30, 2021 Dec. 31, 2020 SEQ. LOAN YOY LOAN ($Million) LOANS OVERVIEW GROWTH GROWTH • Energy balances increased with positive Energy $3,006.9 $2,814.1 $3,469.2 6.9% (13.3)% momentum in deals seen in Q3 continuing through Q4 Services 3,367.2 3,323.4 3,508
Slide 8: Key Credit Quality Metrics
Confidential Key Credit Quality Metrics NET CHARGE-OFFS TO AVERAGE LOANS ANNUALIZED, NET OF PPP QUALITY METRICS OVERVIEW • Total non-accrual loans down $7.9 million • A decrease of $14.4 million in Energy non-accruals • Potential problem loans (substandard, accruing) totaled $222 million at 12/31, c
Slide 9: Scott Grauer, EVP, Wealth Management
Confidential Scott Grauer EVP, Wealth Management
Slide 10: Fees & Commissions
Confidential Fees & Commissions BROKERAGE & TRADING REVENUE GROWTH • Market volatility in Institutional Trading saw trading volumes & margins decline, strong Energy Q4 2021 Quarterly, Year over ($Million) Quarterly, Sequential Trailing 12 Months derivatives, solid Investment Banking activity Year Br
Slide 11: Steven Nell, Chief Financial Officer
Confidential Steven Nell Chief Financial Officer
Slide 12: Yields, Rate & Margin
Confidential Yields, Rate & Margin NET INTEREST REVENUE ($Million) Q4 2021 Q3 2021 Q2 2021 Q1 2021 Q4 2020 • Net interest revenue largely unchanged over the past 4 quarters, with PPP fees $277.1 $280.2 $280.3 $280.4 $297.2 Net Interest Revenue recognized down approximately $5.0 million QoQ Net Inter
Slide 13: Asset Sensitivity
Confidential Asset Sensitivity Asset Sensitivity Q4 2021 SENSITIVITY ESTIMATE NOTEWORTHY BALANCE SHEET ITEMS • We anticipate holding the available-for-sale securities portfolio flat by reinvesting cash flows at current market rates, maintaining our asset- Scenario ∆ NIR % ∆ NIR $ sensitive position
Slide 14: Liquidity & Capital
Confidential Liquidity & Capital Q4 2021 Q3 2021 Q4 2020 Loan to Deposit Ratio 49.0% 52.8% 63.7% • Deposit growth continues to be strong Period End Deposits $41.2 billion $38.5 billion $36.1 billion • Nearly $15 billion of secured wholesale borrowing capacity Available secured wholesale borrowing ca
Slide 15: Expenses
Confidential Expenses EXPENSES OVERVIEW %Incr. %Incr. • Quarterly personnel expense decreased ($Million) Q4 2021 Q3 2021 Q4 2020 Seq. YOY slightly due to decreased incentive compensation expense related to decreased commissions; offset by an Personnel expense $174.5 $175.9 $176.2 (0.8)% (1.0)% incre
Slide 16: Forecast & Assumptions
Confidential Forecast & Assumptions ◦ We expect loan growth to accelerate as we move through the year, with period-end point-to-point growth for the year in the 6-7% range. Line utilization is expected to increase, particularly in Energy and Healthcare, but not completely back to pre-pandemic levels
Slide 17: Stacy Kymes, Chief Executive Officer
Confidential Stacy Kymes Chief Executive Officer
Slide 18: Question and Answer Session
Confidential Question and Answer Session
Slide 19: Confidential
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