BOK Financial Corporation reported a net income of $176.5 million, or $2.92 per diluted share, for the second quarter of 2026, marking an increase from $155.8 million, or $2.58 per diluted share, in the previous quarter. Excluding a net gain from the exchange of Visa shares and losses from repositioning its available-for-sale securities portfolio, the adjusted net income was $156.5 million, or $2.59 per diluted share. The company’s pre-provision net revenue (PPNR) rose to $227.7 million, up from $199.7 million in the first quarter of 2026, reflecting improved operational efficiency.
In terms of revenue, BOK Financial's net interest income increased by $9.3 million to $351.8 million, with a net interest margin of 2.91%, slightly up from 2.90% in the prior quarter. However, fees and commissions revenue decreased by $7.8 million to $202.0 million, primarily due to lower trading fees, although this was partially offset by growth in fiduciary and asset management revenue. The company also reported a net gain of $42.4 million in other gains, a significant recovery from a net loss of $216 thousand in the previous quarter, largely driven by the Visa share exchange.
Operationally, BOK Financial saw its outstanding loan balances rise to $27.1 billion, an increase of $896 million from March 31, 2026, with broad-based growth across its loan portfolio. Average loan balances also increased by $844 million to $26.8 billion. The company maintained a loan-to-deposit ratio of 68%, consistent with the previous quarter, while period-end deposits grew by $1.2 billion to $39.9 billion. The assets under management or administration reached $129.3 billion, up $5.7 billion from the prior quarter, driven by increased market valuations and customer expansion.
Looking ahead, BOK Financial's management expressed optimism about future performance, citing improvements in economic forecasts, including GDP growth and lower unemployment rates. The company did not require a provision for expected credit losses in the second quarter, attributing this to favorable economic conditions despite loan growth. The allowance for credit losses remained stable at $323 million, or 1.19% of outstanding loans, indicating a strong credit quality outlook. The company plans to continue focusing on strategic growth initiatives and enhancing its product offerings to further strengthen its market position.
About BOK FINANCIAL CORP
BOK Financial Corporation is a financial holding company offering full-service banking, commercial lending, consumer banking, and wealth management across eight U.S. states, primarily in the Southwest. Its subsidiaries provide retail and institutional securities sales, mortgage banking, and investment advisory services. The company serves middle-market businesses, financial institutions, and consumers, emphasizing personalized service, local decision-making, and diversified revenue streams including energy financing and mortgage market liquidity.
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