Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 167

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 167
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%Non-interest bearing demand deposits10,725,452 14,884,765 Due on unsettled securities purchases388,353 451,530 Other liabilities979,685 879,691 Total equity4,907,378 4,816,911 Total liabilities and equity$48,244,154 $47,024,636 Tax-equivalent net interest income$1,280,991 1.95 %$1,219,843 2.72 %Tax-equivalent net interest income to earning assets2.93 %2.98 %Less tax-equivalent adjustment8,811 8,463 Net interest income1,272,180 1,211,380 Provision for credit losses46,000 30,000 Other operating revenue789,949 643,257 Other operating expense1,332,881 1,164,480 Net income before taxes683,248 660,157 Federal and state income taxes152,115 139,864 Net income531,133 520,293 Net income attributable to non-controlling interests387 20 Net income attributable to BOK Financial Corporation shareholders$530,746 $520,273 Earnings Per Average Common Share Equivalent:Net income:Basic$8.02 $7.68 Diluted$8.02 $7.68 

1     Yield calculations are shown on a tax equivalent basis at the statutory federal and state rates for the periods presented. The yield calculations exclude security trades that have been recorded on trade date with no corresponding interest income and the unrealized gains and losses. The yield calculation also includes average loan balances for which the accrual of interest has been discontinued and are net of unearned income. Yield/rate calculations are generally based on the conventions that determine how interest income and expense is accrued.

31

Table 3 – Annual Volume/Rate Analysis 

(In thousands)

Year EndedYear EndedDecember 31, 2024 / 2023December 31, 2023 / 2022  Change Due To1 Change Due To1ChangeVolumeYield /RateChangeVolumeYield /RateTax-equivalent interest revenue:      Interest-bearing cash and cash equivalents$(4,119)$(4,483)$364 $20,801 $(5,557)$26,358 Trading securities72,202 53,232 18,970 100,974