Company: BOKF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000875357-25-000057
Chunk: 10

Company: BOK FINANCIAL CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 percentage of production volume         1.02      0.76         26      bps      1.05      (12)      bps  
  Primary mortgage interest rates 1:                                                                                               
  Average                                                         6.57      6.79       (22)      bps      6.73       (1)      bp   
  Period end                                                      6.30      6.77       (47)      bps      6.30        22      bps  

  Mortgage servicing revenue                                                           17,394          17,286            108        1          51,866          48,510        3,356  
  Average outstanding principal balance of mortgage loans serviced for others      22,269,300      22,687,658      (418,358)      (2)      22,682,094      21,863,071      819,023  

  Average mortgage servicing revenue rates      0.31      0.31      bp      0.31      0.30       1      bp  

1 Primary rates disclosed in Table 5 above represent rates generally available to borrowers on 30 year conforming mortgage loans.

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Net Gains and Losses on Other Assets, Securities, and Derivatives

Other gains (losses), net, were a net gain of $8.3 million for the third quarter of 2025, compared to a net gain of $8.1 million in the prior quarter. Net gains on merchant banking investments were $2.7 million and net gains on investments related to deferred compensation were $4.5 million for the third quarter of 2025. The prior quarter included a net gain on merchant banking investments of $5.2 million and net gains of $3.4 million on investments related to deferred compensation. During the second quarter of 2025, a loss of $956 thousand was realized on the redemption of our subordinated debentures.

As discussed in the Market Risk section following, the fair value of our MSRs changes in response to changes in primary mortgage loan rates and other assumptions. We attempt to mitigate the earnings volatility caused by changes in the fair value of MSRs by designating certain financial instruments as an economic hedge. Changes in the fair value of these instruments are generally expected to partially offset changes in the fair value of MSRs.

Table 6 - Gain (Loss) on Mortgage Servicing Rights

(In