**BOK Financial Corp. Reports Increased Net Income for 2025**

BOK Financial Corporation (BOKF) has released its 10-K filing for the fiscal year ending December 31, 2025, showcasing a net income of $578 million, or $9.17 per diluted share, a rise from $523.6 million, or $8.14 per diluted share, in 2024. The company's pre-provision net revenue (PPNR), a non-GAAP measure, reached $742.6 million, compared to $684.7 million in the previous year. This performance was supported by a net interest income of $1.3 billion, up $116.6 million year-over-year, and a net interest margin of 2.87%, an increase from 2.65% in 2024, driven by a shift in funding from wholesale borrowings to interest-bearing deposits and improved yields on available-for-sale (AFS) securities.

The company's fees and commissions revenue remained stable at $800.7 million, with notable shifts within the category. Brokerage and trading revenue decreased by $58.4 million due to a shift from trading revenue to net interest income on trading securities, while fiduciary and asset management revenue increased by $26.3 million, fueled by growth in trust fees and client relationships. Transaction card revenue also saw an increase of $8.8 million due to pricing strategies and customer acquisition. Other gains, net, totaled $43.8 million, including a $23.5 million pre-tax gain from the sale of a merchant banking investment, compared to $79.7 million in 2024, which included a $56.9 million gain from Visa C shares.

Operating expenses increased by $67.1 million to $1.4 billion, primarily due to a $66.7 million rise in personnel expenses related to merit increases, salary adjustments, and business expansion. The provision for credit losses was $2 million, reflecting loan growth offset by improved credit quality and economic outlook, with net charge-offs at $6.7 million, or 0.03% of average loans. Nonperforming assets not guaranteed by U.S. government agencies increased to $66 million, while assets under management or administration grew to $126.6 billion, driven by market improvements and client growth. The company repurchased 3,656,259 common shares at an average price of $105.72 per share and paid cash dividends of $2.34 per common share.

Looking ahead, BOK Financial's base case economic forecast anticipates continued normalization of inflation, remaining elevated throughout 2026 and reaching 2.6% by the end of the year. The forecast also includes two additional federal funds rate cuts, bringing the target range to 3.00% to 3.25% at the end of 2026, and assumes real GDP growth of 2.0% for the next four quarters. The company's strategic focus remains on long-term value growth through expansion in high-growth markets and enhancement of product offerings, while adhering to common company standards and emphasizing local decision-making.

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.

This description was generated via AI from an annual report. Updated 9 months ago.

About 10-K Filings

A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.

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    • Management's Discussion and Analysis (MD&A) of financial condition and results
    • Description of the company's business, properties, and legal proceedings
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    • Executive compensation and corporate governance information
  • Importance: Considered the most comprehensive and important document a public company files with the SEC.
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