Bok Financial Corporation · NASDAQ:BOKF
Bok Financial — Q4 2024 Earnings Presentation
23 slides from Bok Financial's earnings presentation, Jan 17, 2025
Slide 1: Q4 Earnings Conference Call
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic January 21, 2025 Q4 Earnings Conference Call
Slide 2: Forward-looking statements
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic 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 indust
Slide 3: Stacy Kymes, Chief Executive Officer
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Stacy Kymes Chief Executive Officer 3
Slide 4: Q4 Financial Highlights
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Q4 Financial Highlights * Non-GAAP measure Attributable to shareholders Per share (diluted) Net Income • Net Income was $136.2 million, or $2.12 per diluted share • Net interest margin expanded 7 basis points with cor
Slide 5: Additional Details
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Additional Details 5 ◦ Period end loan balances grew $130 million, with higher commercial balances and loans to individuals, partially offset by decreased CRE activity. Average loan balances declined $280 million with
Slide 6: Marc Maun, EVP, Regional Banking Executive
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Marc Maun EVP, Regional Banking Executive 6
Slide 7: Loan Portfolio
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Loan Portfolio • Combined Services & General Business (Core C&I) balances increased $206 million or 2.7% linked quarter and $584 million or 8.1% year over year • Energy balances increased $128 million reflecting fund
Slide 8: Credit Quality Metrics
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Credit Quality Metrics • Credit quality remains very strong with a 47.6% decline in non-performing assets during the quarter, excluding those guaranteed by U.S. government agencies, representing the lowest level in 20
Slide 9: Scott Grauer, EVP, Wealth Management Executive
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Scott Grauer EVP, Wealth Management Executive 9
Slide 10: Fee Income - Markets & Securities
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Fee Income - Markets & Securities Trading Fees • Increased 39.8% driven by higher MBS volumes and widened spreads as client demand returned to more normal levels Mortgage Banking • Revenue consistent with prior quarte
Slide 11: Fee Income - Asset Management & Transactions
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Fee Income - Asset Management & Transactions Fiduciary & Asset Management • Assets under management or administration (“AUMA”) increased $3.9 billion during the quarter driven by increased market valuations and client
Slide 12: Marty Grunst, EVP, Chief Financial Officer
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Marty Grunst EVP, Chief Financial Officer 12
Slide 13: Yields, Rate & Margin
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Yields, Rate & Margin Net Interest Income • Net interest income was up $4.9 million linked quarter driven by downward repricing of deposits while securities portfolio yields continued to re-price higher Net Interest M
Slide 14: Expenses
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Expenses • Quarterly personnel expenses increased $3.9 million as normal levels of trading activity resumed and we continue to invest in our businesses • Non-personnel expense increased $2.8 million, largely due to pr
Slide 15: 2025 Full Year Outlook
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic 2025 Full Year Outlook 15 *Refer to Slide #2 regarding forward looking statements, expectations above assume no change to economic environment. **Non-GAAP measure Business Driver 2024 Actuals FY '25 As of 01/21/25* No
Slide 16: Question & Answer Session
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Question & Answer Session 16
Slide 17: Stacy Kymes, Chief Executive Officer
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Stacy Kymes Chief Executive Officer 17
Slide 18: Appendix
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Appendix 18
Slide 19: Credit Resilience
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Credit Resilience Disciplined Credit Concentration • CRE limit on total committed balances is 185% of tier one capital plus reserves • Office CRE outstandings only comprise 3% of total loans 19 100 year history in ene
Slide 20: Securities and Interest Rate Risk Position
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Securities and Interest Rate Risk Position Interest Rate Risk • Approximately 74% of the total loan portfolio is variable rate or fixed rate that reprice within a year • Approximately 82% of Commercial and Commercial
Slide 21: Liquidity & Capital
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic Liquidity & Capital * Non-GAAP measure ** Uninsured and non-collateralized deposits excludes intra-bank deposits Liquidity • Period end deposit balances increased $964 million this quarter • Uninsured and non-collater
Slide 22: 2024 Financial Highlights
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic 2024 Financial Highlights * Non-GAAP measure • Net Income was $523.6 million, or $8.14 per diluted share • Asset quality was very strong. Net charge-offs were $12.9 million, or 0.05% of average loans in 2024, compared
Slide 23: ar y br an
Pri m ar y & se co nd ar y br an d co lor s Data viz colors Data viz monochromatic