- BOK Financial’s total loans in the second quarter reached $24.29 billion, matching estimates and showing a 2.5% increase from the previous quarter.
- Total deposits slightly decreased to $38.25 billion compared to $38.28 billion in the previous quarter, missing the estimate of $38.55 billion.
- Net interest margin improved slightly to 2.8% from 2.78% in the prior quarter, though it fell short of the 2.84% estimate.
- Cash and due from banks rose by 8.5% from the previous quarter, totaling $1.07 billion, surpassing the estimate of $1.06 billion.
- Earnings per share (EPS) declined to $2.19, compared to $2.54 in the same period last year.
- The Common Equity Tier 1 ratio increased to 13.6% from 12.1% year-over-year, beating the estimate of 13.4%.
- Provision for credit losses was at $0, a significant improvement from $8.00 million year-over-year, better than the $7.87 million estimate.
- Analyst recommendations for BOK Financial include 3 buy ratings, 7 hold ratings, and no sell ratings.
A look at Bok Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 the Smartkarma Smart Scores, BOK Financial Corporation shows a promising long-term outlook with strong ratings in several key factors. The company excels in value, resilience, and momentum, with scores of 4 in each of these areas. This indicates that BOK Financial is considered to have solid fundamentals, a strong ability to withstand market challenges, and positive growth potential. Although its dividend and growth scores are slightly lower at 3, overall, the company appears well-positioned to deliver value to investors.
BOK Financial Corporation, a multi-bank holding company, provides a wide range of financial services to businesses and consumers through various channels including physical branches and online platforms. Besides traditional banking products like deposits and loans, BOK also offers trust services, electronic funds transfers, and online insurance. With its favorable Smartkarma Smart Scores, BOK Financial seems poised for continued success in the financial industry, making it a potentially attractive investment option for those seeking stability and growth.
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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