Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 165

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 165
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 securities purchases417,972 Other liabilities1,041,590 Total equity5,334,167 Total liabilities and equity$50,749,498 Tax-equivalent net interest income$1,219,905 1.74 %Tax-equivalent net interest income to earning assets2.65 %Less tax-equivalent adjustment9,147 Net interest income1,210,758 Provision for credit losses18,000 Other operating revenue839,641 Other operating expense1,365,755 Net income before taxes666,644 Federal and state income taxes143,091 Net income523,553 Net income (loss) attributable to non-controlling interests(16)Net income attributable to BOK Financial Corporation shareholders$523,569 Earnings Per Average Common Share Equivalent:Net income:Basic$8.14 Diluted$8.14 

1     Yield calculations are shown on a tax equivalent basis at the statutory federal and state rates for the periods presented. The yield calculations exclude security trades that have been recorded on trade date with no corresponding interest income and the unrealized gains and losses. The yield calculation also includes average loan balances for which the accrual of interest has been discontinued and are net of unearned income. Yield/rate calculations are generally based on the conventions that determine how interest income and expense is accrued.

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Table 2 - Annual Financial Summary (continued)

Consolidated Daily Average Balances, Average Yields and Rates

(Dollars in thousands, except per share data)Year EndedDecember 31, 2023December 31, 2022AverageBalanceRevenue/ExpenseYield/Rate1AverageBalanceRevenue/ExpenseYield/Rate1AssetsInterest-bearing cash and cash equivalents$632,289 $32,353 5.12 %$801,180 $11,552 1.44 %Trading securities4,559,012 216,269 4.74 %4,723,130 115,295 2.24 %Investment securities2,368,749 34,043 1.44 %1,493,322 24,490 1.64 %Available for sale securities11,941,222 388,755 3.06 %11,643,103 249,361 2.07 %Fair value option securities150,847 7,760 5.06 %64,776