Company: BOKF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000875357-25-000027
Chunk: 14

Company: BOK FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 by lower trading volumes and trading margin compression. Other operating expense decreased $8.2 million, primarily due to a combination of lower incentive compensation costs and decreased mortgage banking costs during the quarter. Corporate allocations increased $2.6 million.

Table 8 - Net Income Before Taxes by Segment

(Dollars in thousands)

                                                                            % Increase (Decrease)                                   % Increase (Decrease)  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Commercial Banking               139,983       160,393      (20,410)                       (13)        161,516      (21,533)                       (13)  
  Consumer Banking                  22,122        23,580       (1,458)                        (6)         32,336      (10,214)                       (32)  
  Wealth Management                 32,726        48,915      (16,189)                       (33)         33,050                                      (1)  
  Subtotal                         194,831       232,888      (38,057)                       (16)        226,902      (32,071)                       (14)  
  Funds Management and other      (40,068)      (57,454)        17,386                        N/A      (120,013)        79,945                        N/A  
  Total                            154,763       175,434      (20,671)                       (12)        106,889        47,874                         45  

Certain percentage increases (decreases) in non-fees and commissions revenue are not meaningful for comparison purposes based on the nature of the item.

- 13 -

Commercial Banking

Commercial Banking contributed $140.0 million to consolidated net income before taxes in the first quarter of 2025, a decrease of $20.4 million, or 13%, compared to the fourth quarter of 2024.

Table 9 - Commercial Banking

(Dollars in thousands)

                                                                                                                           %                                     % Increase (Decrease)  
                                                                                                                    Increase                                                            
                                                                                                                  (Decrease)                                                            
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net interest income from external sources                           231,423         243,915       (12,492)             (5)         280,251       (48,828