BOK Financial (BOKF) investor relations material

Executive summary

• Net income for Q2 2026 was $176.5 million ($2.92 per share), up from $155.8 million ($2.58 per share) in Q1 2026; adjusted net income was $156.5 million ($2.59 per share) excluding Visa B share gain and securities repositioning loss.

• Achieved record quarterly loan growth and record fiduciary/asset management revenue, with loans up nearly $900 million sequentially and 11.5% year-over-year.

• Assets under management or administration increased $5.7 billion to $129.3 billion, driven by higher market valuations and customer growth.

• Added over 25 new hires, mainly in Texas, strengthening future growth prospects.

• Entering the second half of the year with strong business momentum and a solid foundation.

Financial highlights

• Net interest income rose $9.3 million to $351.8 million; net interest margin was 2.91%, up 1 bp from Q1 2026.

• Total loans grew 3.4% sequentially and 11.5% year-over-year, with $896 million in new loan production.

• Fee income was $202 million, down $7.8 million sequentially, with trading revenue impacted by lower activity.

• Recognized a $30.9 million pre-tax gain from Visa B share exchange; $4.6 million pre-tax loss from securities repositioning.

• Efficiency ratio improved to 60.2% from 63.2% in Q1 2026; adjusted efficiency ratio was 63.5%.

Outlook and guidance

• Full-year 2026 loan growth expected to exceed 10%.

• Net interest income expected in upper half of $1.42B–$1.45B range; fee income in lower half of $820M–$845M range.

• Total revenue guidance unchanged at mid-single digit growth, now expected at upper end of range.

• Efficiency ratio expected at ~62% (including Visa gain); ~63% adjusted.

• Provision expense for 2026 expected below $20 million.