Revenue: As of FY2026 Q2, the actual value is USD 589.4 M.

EPS: As of FY2026 Q2, the actual value is USD 2.92, beating the estimate of USD 2.7273.

EBIT: As of FY2026 Q2, the actual value is USD 227.72 M.

Operational Metrics

BOK Financial Corporation reported quarterly earnings of $177 million in the second quarter. The company also reported net income of $176.5 million for the second quarter of 2026, an increase from $155.8 million in the prior quarter. Excluding certain items, net income would have been $156.5 million for the second quarter of 2026.

Net Interest Income & Margin

Net interest income totaled $351.8 million in the second quarter of 2026, an increase of $9.3 million over the prior quarter. The net interest margin was 2.91% for the second quarter, compared to 2.90% in the prior quarter. The core net interest margin, excluding trading activities, decreased 2 basis points to 3.13% in the second quarter of 2026, from 3.15% in the prior quarter. The yield on average earning assets increased by 4 basis points to 5.27% over the prior quarter. Funding costs rose by 1 basis point to 2.93%, while the cost of interest-bearing deposits decreased by 4 basis points to 2.67%. The benefit to net interest margin from noninterest-bearing liabilities was 57 basis points, a decrease of 2 basis points.

Fees & Commissions Revenue

Total fees and commissions revenue was $202.0 million for the second quarter of 2026, a decrease of $7.8 million compared to the prior quarter. Brokerage and trading revenue decreased by $11.2 million to $32.5 million. Transaction card revenue was $31.6 million, a decrease of $0.4 million. Fiduciary and asset management revenue increased by $4.5 million to $71.0 million. Deposit service charges and fees grew by $1.1 million to $33.3 million. Mortgage banking revenue decreased by $2.0 million to $19.0 million. Other revenue increased by $0.1 million to $14.6 million.

Other Operating Revenue

Total other operating revenue was $237.6 million, an increase of $26.3 million from the prior quarter. Other gains (losses), net resulted in a net gain of $42.4 million in the second quarter of 2026, compared to a net loss of - $0.2 million in the prior quarter. This included a $30.9 million pre-tax gain from the exchange of Visa B shares and an $8.8 million net gain on investments related to deferred compensation. Loss on derivatives, net was - $8.5 million, compared to - $4.4 million in the prior quarter. Loss on fair value option securities, net was - $0 million, compared to - $2.1 million in the prior quarter. Change in fair value of mortgage servicing rights was $6.3 million, compared to $8.2 million in the prior quarter. Loss on available-for-sale securities, net was - $4.6 million in the second quarter of 2026 due to portfolio repositioning.

Operating Expense

Total operating expense was $361.7 million for the second quarter of 2026, an increase of $7.5 million compared to the prior quarter. Excluding the impact of deferred compensation, total operating expense decreased by - $1.4 million. Personnel expense increased by $2.9 million to $214.1 million. Excluding deferred compensation, personnel expense decreased by - $6.0 million. Non-personnel expense increased by $4.6 million. Business promotion expense increased by $1.9 million. Other expense increased by $1.6 million.

Loans

Outstanding loans were $27.1 billion at June 30, 2026, an increase of $896 million over March 31, 2026. Average outstanding loan balances were $26.8 billion, an increase of $844 million. Commercial loans increased by $724 million to $16.3 billion. Commercial real estate loan balances were largely unchanged at $5.9 billion. Loans to individuals increased by $171 million to $4.9 billion. Unfunded loan commitments grew by $443 million to $16.6 billion at June 30, 2026.

Credit Quality

Nonperforming assets totaled $63 million, or 0.23% of outstanding loans and repossessed assets, at June 30, 2026, compared to $60 million, or 0.23%, at March 31, 2026. Net charge-offs for the second quarter were $0.5 million, or 0.01% of average loans on an annualized basis. No provision for expected credit losses was necessary for the second quarter of 2026. The combined allowance for loan losses and accrual for off-balance sheet credit risk was $323 million, or 1.19% of outstanding loans and 592% of nonaccruing loans, at June 30, 2026.

Deposits

Period-end deposits increased by $1.2 billion to $39.9 billion at June 30, 2026. Average deposits increased by $250 million to $39.2 billion. The loan to deposit ratio was 68% at June 30, 2026, unchanged from the prior quarter.

Capital

The tangible common equity ratio was 9.61% at June 30, 2026, compared to 9.29% at March 31, 2026. The Tier 1 capital ratio was 12.90%, the common equity Tier 1 capital ratio was 12.89%, and the total capital ratio was 14.67% at June 30, 2026. BOK Financial Corporation repurchased 2,519 shares of common stock at an average price of $129.89 per share in the second quarter of 2026.

Segment Highlights

• Commercial Banking contributed $146.2 million to net income before taxes, an increase of $11.4 million over the first quarter of 2026. Combined net interest income and fee revenue totaled $240.4 million, an increase of $7.9 million. Average loans increased by $770 million, or 4%, to $22.0 billion, and average deposits were $18.9 billion, an increase of $612 million, or 3%.
• Consumer Banking contributed $13.6 million to net income before taxes, a decrease of - $5.6 million. Combined net interest income and fee revenue decreased by - $1.2 million. Average loans increased by $50 million, or 2%, to $2.6 billion, and average deposits increased by $204 million, or 2%, to $8.6 billion.
• Wealth Management contributed $35.0 million to net income before taxes, a decrease of - $2.6 million. Combined net interest income and fee revenue decreased by - $6.9 million. Other operating expenses decreased by - $4.0 million. Average loans increased by $48 million, or 2%, to $2.5 billion, and average deposits were largely unchanged at $10.7 billion. Assets under management or administration were $129.3 billion, an increase of $5.7 billion, or 5%.

Outlook / Guidance

BOK Financial Corporation will continue to evaluate critical assumptions and estimates, such as the appropriateness of the allowance for credit losses and asset impairment, and will adjust reported amounts if necessary before filing financial statements. Management judgments regarding the provision and allowance for credit losses, uncertain tax positions, loss contingencies, and mortgage servicing rights valuation are inherently forward-looking statements. The company does not undertake any obligation to update, amend, or clarify these forward-looking statements.