BOK Financial Corporation is a regional financial services company based in Tulsa, Oklahoma, managing approximately $115 billion in assets. The company operates through various divisions including commercial banking, consumer banking, and wealth management across eight states.

For the fourth quarter of 2024, BOK Financial reported net income of $136.2 million, or $2.12 per diluted share, compared to $140.0 million, or $2.18 per diluted share, in the previous quarter. For the full year 2024, net income was $523.6 million, or $8.14 per diluted share, down from $530.7 million, or $8.02 per diluted share, in 2023. This signifies a stable performance despite a slight decline in annual net income.

Net interest income for the fourth quarter increased by $4.9 million to $313.0 million, with a net interest margin expanding 7 basis points to 2.75%. For the full year, net interest income totaled $1.2 billion, down $61.4 million from 2023, while the net interest margin decreased to 2.65% from 2.93%.

Total fees and commissions revenue for the fourth quarter reached $206.9 million, up by $4.4 million. For the full year, it increased to $810.0 million, a growth of $28.9 million from the previous year.

Operating expenses increased to $347.7 million in the fourth quarter, up from $341.0 million in the prior quarter. Personnel expenses rose by $3.9 million due to increased commissions linked to higher trading revenue. For the full year, operating expenses were $1.4 billion, an increase of $32.9 million compared to 2023.

Total period-end loans grew by $130 million to $24.1 billion in the fourth quarter, supported by increases in commercial loan balances and loans to individuals, despite a decline in commercial real estate loans. Average loans decreased by $280 million. For the full year, period-end loans rose by 0.9%.

Period-end deposits grew by $964 million to $38.2 billion, driven by a $1.1 billion increase in average deposits to $37.8 billion for the quarter. The loan to deposit ratio was at 63% as of December 31, down from 64% from the prior quarter.

BOK Financial’s capital ratios remained robust, with a common equity Tier 1 capital ratio of 13.03% and a total capital ratio of 14.21% as of December 31. Nonperforming assets reached a historic low of $49 million, or 0.20% of outstanding loans.

Overall, BOK Financial exhibited stable growth characteristics in its fourth-quarter financials, alongside a strong liquidity and capital position, though annual figures indicated a slight decline compared to the prior year.