Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 9

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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22 billion, $20 billion, and $21 billion of such assets are excluded from assets under management or administration at June 30, 2025, March 31, 2025, and June 30, 2024, respectively.

2 Fiduciary and asset management revenue includes asset-based and other fees associated with the assets.

3 Annualized revenue divided by period end asset balance.

A summary of changes in assets under management or administration for the three and six months ended June 30, 2025, and 2024 follows:

Table 4 - Changes in Assets Under Management or Administration

(In thousands)

                                Three Months Ended June 30,                                                  Six Months Ended June 30,                                    
                                2025                                              2024                       2025                                                         
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Beginning balance             $                                113,956,563      $         105,530,903      $                              114,615,237      104,736,999  
  Net inflows (outflows)                                             935,068                    532,449                                       1,426,858      (1,431,258)  
  Net change in fair value                                         2,979,339                  1,413,678                                       1,828,875        4,171,289  
  Ending balance                $                                117,870,970      $         107,477,030      $                              117,870,970      107,477,030  

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Assets under management as of June 30, 2025, consist of 42% fixed income, 36% equities, 14% cash, and 8% alternative investments.

Deposit Service Charges

Deposit service charges and fees totaled $31.3 million for the second quarter of 2025, an increase of $1.0 million over the first quarter of 2025, primarily due to growth in commercial service charges and check card fees.

Mortgage Banking Revenue

Mortgage banking revenue was relatively unchanged from the first quarter of 2025. Mortgage production volume increased $39.6 million to $223 million. Production revenue as a percentage of production volume, which includes unrealized gains and losses on our mortgage commitment pipeline and related hedges, was 0.76% for the second quarter of 2025, compared to 1.43% for the