Company: BOKF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000875357-25-000045
Chunk: 15

Company: BOK FINANCIAL CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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322              10  
  Average invested capital                              2,148,937       2,147,530          1,407       2,151,522       2,168,600       (17,078)             (1)  

Net interest income decreased $2.4 million, or 1%, primarily related to lower average deposit balances during the quarter. Other operating revenue increased$8.9 million over the prior quarter, driven by increased gains on merchant banking activities, higher loan syndication fees, and growth in transaction card revenue.

Other operating expense increased $2.9 million, or 4%, compared to the first quarter of 2025. Personnel expense increased $1.5 million, or 3%, primarily attributable to increased incentive compensation and the full quarter impact of annual merit increases that were effective for most employees in March. Non-personnel expense increased $1.4 million, or 5%, largely related to ongoing technology project costs.

Average outstanding loan balances attributed to Commercial Banking were consistent with the prior quarter at $19.9 billion. See the Loans section of Management's Discussion and Analysis of Financial Condition and Results of Operations following for additional discussion of changes in commercial and commercial real estate loans, which are primarily attributed to the Commercial Banking segment.

Average deposits attributed to Commercial Banking declined by $344 million, or 2%, compared to the first quarter of 2025, to $17.4 billion. See Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital for further discussion of changes.

- 14 -

Consumer Banking

Consumer Banking provides retail banking services through four primary distribution channels: traditional branches, the 24-hour ExpressBank call center, internet banking, and mobile banking. Consumer Banking also conducts mortgage banking activities through offices located outside of our Consumer Banking markets.

Consumer Banking contributed $24.7 million to consolidated net income before taxes for the second quarter of 2025, an increase of $2.6 million, or 12%, over the prior quarter.

Table 10 - Consumer Banking

(Dollars in thousands)

                                                                                              %                                                           %  
                                                                                       Increase                                                    Increase  
                                                                                     (Decrease)                                                  (Decrease)  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net interest income from external sources               13,463          8,740              54         22,203         13,336         8,867              66