Company: BOKF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000875357-25-000057
Chunk: 8

Company: BOK FINANCIAL CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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908       54,796          0.21       29,559,236       49,307          0.22  
  Non-fiduciary                                                                       21,669,661        7,535          0.05       21,087,866        6,885          0.04  
  Safekeeping and brokerage assets under administration                               27,141,574                          —       25,911,128                          —  
  Total non-managed assets                                                            83,123,143       62,331          0.10       76,558,230       56,192          0.10  
  Total assets under management or administration            $                       122,673,531      188,814          0.21      110,702,612      170,265          0.21  

1 Assets under management or administration balance excludes certain assets under custody held by a sub-custodian where minimal revenue is recognized. $23 billion, $22 billion, and $21 billion of such assets are excluded from assets under management or administration at September 30, 2025, June 30, 2025, and September 30, 2024, respectively.

2 Fiduciary and asset management revenue includes asset-based and other fees associated with the assets.

3 Annualized revenue divided by period end asset balance.

A summary of changes in assets under management or administration for the three and nine months ended September 30, 2025, and 2024 follows:

Table 4 - Changes in Assets Under Management or Administration

(In thousands)

                                Three Months Ended September 30,                                                  Nine Months Ended September 30,                                    
                                2025                                                   2024                       2025                                                               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Beginning balance             $                                     117,870,970      $         107,477,030      $                                    114,615,237      104,736,999  
  Net inflows (outflows)                                                1,885,182                    984,099                                             3,312,040        (447,158)  
  Net change in fair value                                              2,917,379                  2,241,483                                             4,746,254        6,412,771  
  Ending balance                $                                     122,673,531