Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 224

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 224
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 consolidated basis in Table 31. 

Table 31 – Capital and Performance Ratios 

Minimum Capital RequirementCapital Conservation BufferMinimum Capital Requirement Including Capital Conservation BufferDecember 31,20242023Capital: Common equity Tier 14.50 %2.50 %7.00 %13.03 %12.06 %Tier 1 capital6.00 %2.50 %8.50 %13.04 %12.07 %Total capital8.00 %2.50 %10.50 %14.21 %13.16 %Tier 1 Leverage4.00 %N/A4.00 %9.97 %9.45 %Average total equity to average assets10.51 %10.17 %Tangible common equity ratio19.17 %8.29 %Adjusted tangible common equity ratio18.86 %8.02 %Performance Ratios:Return on average equity9.82 %10.82 %Return on average tangible common equity112.37 %14.00 %

1 See Explanation and Reconciliation of Non-GAAP Measures following.

In March 2020, in response to the impact on the financial markets by the COVID-19 pandemic, the banking agencies issued an interim final rule permitting banking organizations that implement CECL the option to delay for two years an estimate of the CECL methodology's effect on regulatory capital, followed by a three-year transition period. The estimate includes the implementation date adjustment as of January 1, 2020 plus an estimate of the impact of the change for a two year period following implementation of CECL. We elected to delay the regulatory capital impact of the transition in accordance with the interim final rule, with the transition period ending January 1, 2025. Deferral of the impact of CECL added 3 basis points to the Company's Common equity Tier 1 capital at December 31, 2024.

71

Non-GAAP Measures

In this report we may sometimes use non-GAAP financial measures. Please note that although non-GAAP financial measures provide useful insight to analysts, investors and regulators, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Table 32 provides a reconciliation of the non-GAAP measures with financial measures defined by GAAP.

Table 32 – Non-GAAP Measures 

(Dollars in thousands)

December 31,20242023