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BOK Financial Corporation (NASDAQ:BOKF ) Q4 2024 Earnings Conference Call January 21, 2025 1:00 PM ET Company Participants Heather King - Director, IR Stacy Kymes - President & CEO Marc Maun - EVP, Regional Banking Scott Grauer - EVP, Wealth Management Martin Grunst - EVP & CFO Conference Call Participants Jon Arfstrom - RBC Capital Markets Matt Olney - Stephens Peter Winter - D.A. Davidson Brett Rabatin - Hovde Group Woody Lay - KBW Tim Mitchell - Raymond James Timur Braziler - Wells Fargo Ben Gerlinger - Citi Operator Greetings, and welcome to BOK Financial Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Despite BOK Financial Corporation's impressive performance and positive financial results, I maintain a 'hold' rating due to concerns over its absolute valuation. The company saw significant revenue growth, driven by higher net interest income and non-interest income, particularly in fiduciary and asset management. BOK Financial's net income surged by 64.9% year-over-year, aided by reduced FDIC special assessments and increased mortgage banking revenue.
BOK Financial Corp. operates in the southwest and midwest U.S., offering consumer, commercial banking, and wealth management services under various brands like Bank of Oklahoma and Bank of Texas. Q4 earnings were strong with revenues up 4.4% to $525.6 million, and net income at $136.2 million, despite a slight dip from last year. Loans and deposits grew significantly, with loans at $24.1 billion and deposits at $38.2 billion, while the net interest margin improved to 2.75%.
Although the revenue and EPS for BOK Financial (BOKF) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
BOKF's Q4 earnings benefit from an increase in loans and deposit balance, along with a fall in expenses and nil provisions.
TULSA, OK / ACCESS Newswire / January 17, 2025 / BOK Financial Corporation (NASDAQ:BOKF) today reported operating results for the fourth quarter ended December 31, 2024. The fourth quarter and full-year 2024 earnings release can be viewed here: https://investor.bokf.com/Q4-2024-Earnings-Full-Release-PDF BOK Financial Corporation will host a conference call to review fourth quarter and full-year 2024 financial results at noon central time on Tuesday, Jan. 21, 2025.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for BOK Financial (BOKF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
BOK Financial (BOKF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TULSA, OK / ACCESSWIRE / January 10, 2025 / BOK Financial Corporation (NASDAQ:BOKF) will host a conference call to review fourth quarter 2024 financial results at noon central time on Tuesday, Jan. 21, 2025. The call may also include discussion of company developments, forward-looking statements and other material information about business and financial matters.
BOK Financial (BOKF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.