Q3 2025 BOK Financial Corp Earnings Call Transcript

Oct 21, 2025 / 05:00PM GMT

Release Date Price: $106.52 (-3.12%)

Transcript 10-Q8-K

Key Points

Positve

BOK Financial Corp (BOKF) reported strong earnings of $140.9 million, or $2.22 per diluted share, for the third quarter.
The company experienced broad-based growth across its loan portfolio, with total outstanding balances increasing by 2.4% sequentially.
Net interest margin expanded by 11 basis points, indicating strong performance in interest income.
Fee income grew by 3.6% sequentially, with a record quarter for investment banking revenue driven by municipal bond underwriting.
Credit quality remains a core strength, with nonperforming assets decreasing and net charge-offs remaining well below historical norms.

Negative

Total expenses increased by $15.3 million, driven by higher personnel and non-personnel costs.
The energy portfolio experienced contraction, offsetting some growth in other areas.
Criticized assets increased slightly, although they remain low relative to historical standards.
The allowance for credit losses is at 1.32% of outstanding loans, which is at the lower end since CECL adoption.
The trading revenue is subject to market conditions, making it difficult to provide solid guidance for future quarters.

Operator

Greetings. Welcome to BOK Financial Corporation's third quarter 2025 earnings conference call. As a remainder, this conference is being supported. (Operator Instructions)

I would now like to turn the presentation over to Heather King, Director of Investor Relations for BOK Financial Corporation. Please proceed.

Heather King

BOK Financial Corp - Director - Investor Relations

Good afternoon, and thank you for joining our discussion of BOK Financial's Third Quarter 2025 financial results. Our CEO, Stacy Kymes, will provide opening comments and cover the loan portfolio and related credit metrics. Scott Grauer, Executive Vice President of Wealth Management, will cover our fee-based results; and our CFO, Marty Grunst, will then discuss financial performance for the quarter as well as our forward guidance.

Slide presentation and press release are available on our website at bokf.com. We refer you to the disclaimers on slide 2 regarding any forward-looking statements made during this call.

I will now turn the call over to Stacy Kymes, who

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