Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 16

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 16
---
 invested capital                               331,030        322,204               3        327,209        303,479        23,730               8  

Net interest income from Consumer Banking was relatively consistent with the first quarter of 2025 and net loans charged off decreased $499 thousand, resulting in an increase of $1.4 million net interest income after net loans charged off. Other operating revenue decreased$893 thousand, or 2%. The net benefit of the changes in the fair value of mortgage servicing rights and related economic hedges was $1.6 million compared to a net benefit of $2.2 million for the first quarter of 2025. Other operating expenses decreased $1.8 million, or 3%, primarily due to reduced operational losses.

Average loans increased $98 million, or 4%, over the prior quarter, to $2.3 billion. Average deposits attributed to the Consumer Banking segment were largely unchanged from the previous quarter. See Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital for further discussion of the changes.

- 15 -

Wealth Management

Wealth Management contributed $40.7 million to consolidated net income before taxes in the second quarter of 2025, an increase of $8.0 million, or 25%, over the first quarter of 2025, led by growth in brokerage and trading revenue.

Table 11 - Wealth Management

(Dollars in thousands)

                                                                                           Increase (Decrease)                                                              %  
                                                                                                                                                                     Increase  
                                                                                                                                                                   (Decrease)  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net interest income (expense) from external sources          25,654          13,942                        $          39,596         (1,122)         40,718                  
  Net interest income from internal sources                    19,190          30,560                                   49,750          59,021        (9,271)            (16)  
  Net interest income                                          44,844          44,502                      342          89,346          57,899         31,447              54  
  Net loans recovered                                                                                      (1)                                                              —  
  Net interest income after net loans recovered                44,851          44,510                      341          89,361          57,914         31,447              54  
  Other