Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 178

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 178
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 increase over 2023. Revenues from the processing of transactions on behalf of the members of our TransFund EFT network totaled $91.1 million, up $1.6 million, or 2%, over 2023. The number of TransFund ATM locations totaled 2,872 at December 31, 2024, compared to 2,713 at December 31, 2023. Merchant services fees paid by customers for account management and electronic processing of card transactions totaled $9.4 million, an increase of $197 thousand, or 2%. Corporate card revenue totaled $8.3 million, up $184 thousand, or 2%, over 2023.

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 those asset values vary based on the nature of the relationship. Fiduciary and managed asset relationships generally have a higher fee rate than non-fiduciary and/or managed relationships.

Fiduciary and asset management revenue increased $23.5 million, or 11%, compared to 2023, led by growth in trust fees related to increased market valuations and continued growth in client relationships. 

38

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

Table 7 – Assets Under Management or Administration 

(Dollars in thousands)

Year Ended December 31,202420232022 Balance1Revenue2Margin3Balance1Revenue2Margin3Balance1Revenue2Margin3Managed fiduciary assets:Personal$12,110,721 $115,886 0.96 %$10,951,951 $103,626 0.95 %$10,317,729 $107,325 1.04 %Institutional23,940,121 35,147 0.15 %19,310,826 34,995 0.18 %17,229,041 33,482 0.19 %Total managed fiduciary assets36,050,842 151,033 0.42 %30,262,777 138,621 0.46 %27,546,770 140,807 0.51 %Non-managed assets:Fiduciary31,928,292 70,393