- Total loans by BOK Financial for the first quarter amounted to $23.69 billion, which is a 1.8% decline compared to the previous quarter and fell short of the $24.34 billion estimate.
- Total deposits saw a slight increase of 0.2% quarter-over-quarter, reaching $38.28 billion, below the $38.64 billion estimate.
- The net interest margin improved slightly to 2.78%, up from 2.75% in the previous quarter, yet did not meet the anticipated 2.83%.
- The cash and due from banks decreased by 5.1% quarter-over-quarter to $990.4 million, lagging behind the $1.06 billion estimate.
- Earnings per share (EPS) improved significantly to $1.86 compared to $1.29 year-over-year.
- The Common Equity Tier 1 ratio rose to 13.3% from 12% year-over-year, exceeding the 13.1% estimate.
- Provision for credit losses was $0, marking a notable change from $8 million in the previous year and an estimate of $5.39 million.
- Analyst ratings indicate 3 buys, 7 holds, and no sells.
A look at Bok Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Bok Financial Corporation shows a positive long-term outlook. With a solid Value score of 4, the company is deemed to offer good value for investors. Additionally, Bok Financial‘s Momentum score of 4 suggests a strong upward trend in its performance. While the Dividend, Growth, and Resilience scores are moderately positioned at 3 each, indicating stable dividends, moderate growth potential, and resilience to market fluctuations.
BOK Financial Corporation, a multi-bank holding company, provides a variety of financial services to businesses and consumers through physical offices and online platforms. Apart from traditional banking services like deposit products and loans, BOK offers trust services, online insurance, and electronic funds transfer services. Overall, with promising Smartkarma Smart Scores in key areas, Bok Financial presents a favorable outlook for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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