- Total loans were $24.11 billion, showing a 0.5% increase quarter-over-quarter, aligning closely with the estimated $24.26 billion.
- Total deposits reached $38.19 billion, marking a 2.6% increase from the previous quarter, exceeding the estimate of $37.44 billion.
- Net interest margin improved to 2.75% from 2.68% quarter-over-quarter, surpassing the estimated 2.71%.
- Cash and due from banks surged by 12% quarter-over-quarter, totaling $1.04 billion.
- Earnings per Share (EPS) rose to $2.12, compared to $1.26 year-over-year.
- The Common Equity Tier 1 ratio increased to 13% from 12.1% year-over-year, slightly below the estimate of 13.1%.
- There was no provision for credit losses, compared to $6.00 million in the prior year, with an estimate of $10.9 million.
- Analyst ratings are composed of 3 buys, 6 holds, and 0 sells.
A look at Bok Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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 shows a promising long-term outlook. The company scores a solid 4 in Value, indicating that it may be considered undervalued by the market. Additionally, with a Momentum score of 4, Bok Financial displays strong market momentum, suggesting positive price trends in the future.
Despite facing some challenges, such as a Resilience score of 2, Bok Financial maintains a steady Growth score of 3, hinting at potential future expansion. The company also scores a respectable 3 in Dividend, reflecting its ability to provide returns to shareholders. Overall, these scores paint a favorable picture for the multi-bank holding company, showcasing a mix of value, growth, and market momentum.
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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