Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 190

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 190
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013 BOK Financial Corporation$666,644 $683,248 $660,157 

45

2024 Commercial Banking

Commercial Banking contributed $653.4 million to consolidated net income before taxes in 2024, a decrease of $62.2 million, or 9%, compared to the prior year. 

Table 15 – Commercial Banking 

(Dollars in thousands)

Year Ended December 31,2024vs.20232024vs.2023Year Ended December 31, 2023vs.20222023vs.2022 20242023Increase (Decrease)%Increase(Decrease)2022Increase (Decrease)%Increase(Decrease)Net interest income from external sources$1,078,190 $1,178,506 $(100,316)(9)%$809,982 $368,524 45 %Net interest expense from internal sources(263,094)(305,107)42,013 14 %(159,242)(145,865)(92)%Net interest income815,096 873,399 (58,303)(7)%650,740 222,659 34 %Net loans charged off8,850 13,967 (5,117)(37)%17,726 (3,759)(21)%Net interest income after net loans charged off806,246 859,432 (53,186)(6)%633,014 226,418 36 %Other operating revenue222,584 247,001 (24,417)(10)%239,692 7,309 3 %Personnel expense189,027 191,765 (2,738)(1)%173,309 18,456 11 %Non-personnel expense116,403 124,083 (7,680)(6)%115,934 8,149 7 %Total other operating expense305,430 315,848 (10,418)(3)%289,243 26,605 9 %Corporate allocations69,997 74,999 (5,002)(7)%67,278 7,721 11 %Net income before taxes$653,403 $715,586 $(62,183)(9)%$516,185 $199,401 39 %Average assets$21,751,103 $21,003,551 $747,552 4 %$