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BOK Financial
BOK Financial (BOKF) investor relations material
BOK Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary20 Jan, 2026
Executive summary
Achieved record quarterly net income of $177.3M ($2.89/share) in Q4 2025 and record annual net income of $578M ($9.17/share); adjusted Q4 net income was $152.1M ($2.48/share) excluding notable items.
Broad-based loan growth of $1.5B (6.4%) for the year, with Q4 loan growth of $786M, primarily in commercial lending.
Fee income contributed $801M (38% of total revenue), with strong performance in fiduciary, asset management, and transaction card businesses.
Maintained strong capital and liquidity positions, with TCE at 9.5% and loan-to-deposit ratio at 65%.
Outperformed the KBW Regional Banking Index in total shareholder return over 1, 3, 5, and 10 years.
Financial highlights
Net interest income and margin expanded every quarter in 2025; Q4 net interest income was $345.3M and net interest margin reached 2.98%.
Q4 outstanding loan balances grew $786M (3.2%) sequentially, led by Texas; deposit growth was $935M.
Allowance for credit losses at 1.28% of loans; annualized net charge-off rate at 3 bps.
Efficiency ratio improved to 60.7% from 66.7% in the prior quarter.
Recognized a $23.5M pre-tax gain from exiting a merchant banking investment in Q4 and a $9.5M FDIC assessment benefit.
Outlook and guidance
2026 guidance projects upper single-digit loan growth, flat investment securities, and mid-single-digit revenue growth.
Net interest income expected at $1.44–$1.48B, assuming two rate cuts and a steeper yield curve.
Fee income expected at $800–$825M, with mid-single-digit growth in fee-based businesses.
Expenses anticipated to grow at a low single-digit rate; efficiency ratio expected at 63–64%.
Provision expense guidance: $25M–$45M, allowing for some credit normalization.
Explain Q4 share repurchase rationale
Detail Q4 core NIM expansion drivers
Adjusted Q4 net income excluding one-offs?
Capital deployment strategy given market disruption
Impact of yield curve steepening on NII/NIM?
Quantify trading revenue shift from fee to NII
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Next BOK Financial earnings date
Q1 202621 Apr, 2026
BOK Financial
Next BOK Financial earnings date
Q1 202621 Apr, 2026
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Frequently asked questions
BOK Financial Corporation, through its subsidiaries, provides various financial products and services primarily in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. The company's Treasury Management segment offers various cash and liquidity management solutions for commercial businesses, financial institutions, not-for-profits and public sector entities. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.
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