Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 76

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 76
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Total current income tax expense134,811 171,898 145,329 Deferred income tax expense (benefit):Federal7,632 (17,973)(4,700)State648 (1,810)(765)Total deferred income tax expense (benefit)8,280 (19,783)(5,465)Total income tax expense$143,091 $152,115 $139,864 

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The reconciliations of income attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands):Year Ended December 31, 202420232022Amount:  Federal statutory tax$139,996 $143,482 $138,633 Tax exempt revenue(6,341)(5,786)(5,714)State income taxes, net of federal benefit15,055 13,330 13,490 Tax credits, net of proportional amortization(8,857)(2,673)(8,883)Other, net3,238 3,762 2,338 Total income tax expense$143,091 $152,115 $139,864 Year Ended December 31, 202420232022Percent of pretax income:  Federal statutory tax21.0 %21.0 %21.0 %Tax exempt revenue(1.0)(0.8)(0.8)State income taxes, net of federal benefit2.3 2.0 2.0 Tax credits, net of proportional amortization (1.3)(0.4)(1.4)Other, net0.5 0.5 0.4 Total21.5 %22.3 %21.2 %A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):202420232022Balance as of January 1$17,957 $19,583 $21,092 Additions for tax for current year positions3,397 3,239 3,465 Lapses of applicable statute of limitations(4,855)(4,865)(4,974)Balance as of December 31$16,499 $17,957 $19,583 Of the above unrecognized tax benefits, $13.0 million, if recognized, would have affected the effective tax rate.

BOK Financial recognizes interest and penalties accrued related to unrecognized