Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 8

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 processing of card transactions, and interchange fees from our corporate card program. Transaction card revenue totaled $29.6 million for the second quarter of 2025, a $2.5 million increase, primarily due to growth in transaction volumes processed during the quarter.

Fiduciary and Asset Management Revenue

Fiduciary and asset management revenue is earned through managing or holding of assets for customers and executing transactions or providing related services. Fiduciary and asset management revenue is largely based on the fair value of assets. Rates applied to asset values vary based on the nature of the relationship. Fiduciary relationships and managed asset relationships generally have higher fee rates than non-fiduciary and/or non-managed relationships. Fiduciary and asset management revenue was $64.0 million for the second quarter of 2025, an increase of $3.0 million over the first quarter of 2025, led by higher seasonal tax preparation fee income.

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A distribution of assets under management or administration and related fiduciary and asset management revenue follows:

Table 3 - Assets Under Management or Administration

(Dollars in thousands)

                                                             Three Months Ended                                                                                        
                                                             June 30, 2025                                                                                             
                                                             Balance 1                                            Margin 3                                   Margin 3  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Managed fiduciary assets:                                                                                                                                            
  Personal                                                   $                        12,870,191      29,969          0.93       12,382,640      28,012          0.90  
  Institutional                                                                       25,129,138      12,706          0.20       24,090,880      12,786          0.21  
  Total managed fiduciary assets                                                      37,999,329      42,675          0.45       36,473,520      40,798          0.45  
  Non-managed assets:                                                                                                                                                  
  Fiduciary                                                                           33,057,806      18,596          0.23       31,586,317      17,652          0.22  
  Non-fiduciary                                                                       20,758,866       2,693          0.05       20,170,128       2,522          0.05  
  Safekeeping and brokerage assets under administration