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BOK Financial Q3 2026 profit reaches $160M

Loan growth and margin expansion accompanied lower sequential reported earnings, reduced fee revenue and a larger unrealized securities loss.

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Filing Sentiment

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8-K

Rhea-AI Filing Summary

BOK Financial Corporation (BOKF) reported third-quarter 2026 net income attributable to shareholders of $159.9 million, or $2.64 per diluted share, compared with $140.9 million and $2.22 in the third quarter of 2025. Net income was $176.5 million in the second quarter of 2026; excluding that quarter’s Visa B-share exchange gain and loss on repositioning available-for-sale securities, net income would have been $156.5 million, or $2.59 per share.

Net interest income was $370.0 million, up 9.6% year over year, and net interest margin was 3.00%, versus 2.91% in the prior quarter. Period-end loans reached $27.7 billion, up $646 million sequentially and 11.5% year over year, while period-end deposits fell $324 million to $39.5 billion. Fees and commissions were $188.0 million, down 8.1% year over year; lower brokerage and trading revenue reflected an unfavorable rate environment and reduced fixed-income trading volumes. Nonperforming assets were $67 million, or 0.24% of loans and repossessed assets, at September 30, 2026. The tangible common equity ratio was 9.16%, versus 9.61% at June 30, 2026; the net unrealized loss on available-for-sale securities was $650 million, versus $256 million at June 30, 2026.

2 points · 0 major

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0 major · 3 points

How the balance works

Positive

  • Moderate pointShareholder net income was $159.9 million, versus $140.9 million in Q3 2025.
  • Moderate pointNet interest income rose 9.6% year over year to $370.0 million.

Negative

  • Moderate pointReported net income was $159.9 million, versus $176.5 million in Q2 2026.
  • Moderate pointFees and commissions fell 8.1% year over year to $188.0 million.
  • Moderate pointAvailable-for-sale securities carried a $650 million unrealized loss, versus $256 million in June.

Filing Explained

BOK reported no provision for credit losses for the quarter ended September 30, 2026; improving economic forecasts offset loan growth, and the combined allowance for loan losses and unfunded-commitment credit risk stood at $322 million, down from $323 million at June 30.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income attributable to shareholders $159.9 million Third quarter 2026; $140.9 million in Q3 2025
Diluted earnings per share $2.64 Third quarter 2026; $2.22 in Q3 2025
Net interest income $370.0 million Third quarter 2026; up 9.6% year over year
Net interest margin 3.00% Third quarter 2026; 2.91% in Q2 2026
Period-end loans $27.7 billion At September 30, 2026; up $646 million sequentially and 11.5% year over year
Fees and commissions $188.0 million Third quarter 2026; down 8.1% year over year
Period-end deposits $39.5 billion At September 30, 2026; decreased $324 million from June 30, 2026
Net unrealized loss on available-for-sale securities $650 million At September 30, 2026; $256 million at June 30, 2026
Net interest margin financial
"Net interest margin was 3.00% for the third quarter"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Net charge-offs financial
"Net charge-offs for the third quarter were $886 thousand"
Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.
Tangible common equity ratio financial
"Tangible common equity ratio was 9.16%"
Tangible common equity ratio measures how much real, loss-absorbing capital common shareholders have relative to a company's tangible assets—calculated by removing intangible items (like goodwill) and preferred equity from total equity and comparing that net amount to tangible assets. Think of it as the thickness of a safety cushion made of solid, visible value rather than accounting entries; investors use it to judge how well a company could withstand losses and protect common shareholders' claims.
Available-for-sale securities financial
"net unrealized loss on available-for-sale securities"
Available-for-sale securities are investments in stocks, bonds or similar instruments that a company does not intend to trade frequently but may sell before they mature. They matter to investors because changes in the market value of these holdings show up as paper gains or losses on the company's balance sheet rather than immediately in profit, so they can affect reported net worth and the timing of income without changing day-to-day earnings. Think of them like items on a household shelf you might sell later: their value moves with the market even if you haven’t cashed out.
Pre-provision net revenue financial
"Pre-provision net revenue was $200.8 million"
Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.
Net income attributable to shareholders $159.9 million Compared with $140.9 million in Q3 2025 and $176.5 million in Q2 2026
Diluted earnings per share $2.64 Compared with $2.22 in Q3 2025 and $2.92 in Q2 2026
Net interest income $370.0 million Up 9.6% year over year
Net interest margin 3.00% Up 9 basis points from Q2 2026
Fees and commissions $188.0 million Down 8.1% year over year

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did BOKF earn in Q3 2026?
BOK Financial reported $159.9 million in net income attributable to shareholders and $2.64 per diluted share for Q3 2026. In Q3 2025, those figures were $140.9 million and $2.22.

How much did BOKF's loan portfolio grow?
Period-end loans were $27.7 billion at September 30, 2026, an increase of $646 million from June 30, 2026 and growth of 11.5% year over year. Growth was led by energy, commercial real estate loans secured by industrial facilities, and mortgage finance loans.

Why did BOKF's fee revenue decline?
Fees and commissions were $188.0 million, down 8.1% year over year. Brokerage and trading revenue decreased $13.0 million amid an unfavorable rate environment and lower fixed-income trading volumes. Mortgage banking revenue decreased $2.2 million with lower production volume and spreads as mortgage rates rose.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0000875357false00008753572026-10-192026-10-19

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
October 19, 2026

Commission File No. 001-37811

BOK FINANCIAL CORP
(Exact name of registrant as specified in its charter)
Oklahoma73-1373454
(State or other jurisdiction
of Incorporation or Organization)		(IRS Employer
Identification No.)
Bank of Oklahoma Tower
Boston Avenue at Second Street
Tulsa,Oklahoma74172
(Address of Principal Executive Offices)(Zip Code)
 (918) 588-6000
(Registrant’s telephone number, including area code)

N/A
__________________________________________
(Former name or former address, if changes since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.00006 per shareBOKFNasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨



INFORMATION TO BE INCLUDED IN THE REPORT

ITEM 2.02. Results of Operations and Financial Condition.

On October 19, 2026, BOK Financial Corporation (“BOK Financial”) issued a press release announcing its financial results for the three and nine months ended September 30, 2026 (“Press Release”). The full text of the Press Release is attached as Exhibit 99.1(a) to this report and is incorporated herein by reference. On October 19, 2026, in connection with the issuance of the Press Release, BOK Financial released financial information related to the three and nine months ended September 30, 2026 (“Financial Information”), which includes certain historical financial information relating to BOK Financial. The Financial Information is attached as Exhibit 99.1(b) to this report and is incorporated herein by reference.

ITEM 7.01. Regulation FD Disclosure.

On October 19, 2026, in connection with the issuance of the Press Release, BOK Financial released financial information related to the three and nine months ended September 30, 2026 (“Financial Information”), which includes certain historical financial information relating to BOK Financial. The Financial Information is attached as Exhibit 99.2 to this report and is incorporated herein by reference.


ITEM 9.01. Financial Statements and Exhibits.

(d)    Exhibits

99.1    Text of Press Release, dated October 19, 2026, titled "BOK Financial Corporation reports quarterly earnings of $160 million, or $2.64 per share, in the third quarter" and Financial Information for the Three and Nine Months Ended September 30, 2026.

99.2    Earnings conference call presentation, dated October 20, 2026, titled “Q3 Earnings Conference Call" for the Three and Nine Months Ended September 30, 2026.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


                        BOK FINANCIAL CORPORATION




                        By: /s/ Martin E. Grunst            
                         Martin E. Grunst
                         Executive Vice President
                         Chief Financial Officer
Date: October 19, 2026


pressreleaseheader.jpg


BOK Financial Corporation reports quarterly earnings of $160 million, or $2.64 per share, in the third quarter.
Third quarter 2026 financial highlights1
Net Income
Net income was $159.9 million, or $2.64 per diluted share, compared to $176.5 million, or $2.92 per diluted share. Prior quarter net income would have been $156.5 million, or $2.59 per diluted share, excluding the net gain related to the exchange of Visa B shares and the loss from repositioning of the available-for-sale securities portfolio.2
Net Interest Income & Margin
Net interest income totaled $370.0 million, an increase of $18.1 million. Net interest margin was 3.00% for the third quarter compared to 2.91% in the prior quarter.
Fees & Commissions Revenue
Fees and commissions revenue was $188.0 million compared to $202.0 million in the prior quarter. Brokerage and trading revenue decreased $13.0 million due to an unfavorable rate environment and lower fixed-income trading volumes.
Operating Expense
Operating expense was largely consistent with the prior quarter at $360.7 million, as both personnel and non-personnel expense remained stable compared to the second quarter of 2026.
Loans
Period end loans were up $646 million over the prior quarter, to $27.7 billion, led by growth in energy loans, loans secured by industrial facilities, and mortgage finance loans. Average outstanding loan balances were $27.2 billion, an increase of $468 million.
Credit Quality
Nonperforming assets were $67 million, or 0.24% of outstanding loans and repossessed assets, at September 30, 2026, compared to $63 million, or 0.23%, at June 30, 2026. Net charge-offs for the third quarter were $886 thousand, or 0.01% of average loans on an annualized basis.
Deposits
Period end deposits decreased $324 million to $39.5 billion, and average deposits increased $304 million to $39.5 billion. Average interest-bearing deposits increased $278 million and average demand deposits increased by $26 million. The loan to deposit ratio was 70% at September 30, 2026, compared to 68% at June 30, 2026.
Capital
Tangible common equity ratio2 was 9.16% compared to 9.61% at June 30, 2026. Common equity Tier 1 capital ratio was 12.73%, Tier 1 capital ratio was 12.73%, and total capital ratio was 14.43%.

p
$646 million
2 bps
$129.3 billion
LOAN GROWTHNET CHARGE-OFFS (TTM)AUMA
CEO Commentary
Stacy Kymes, President and CEO, stated, “We delivered another strong quarter, with $646 million of loan growth, 11.5% year-over-year loan growth, continued expansion in core net interest income, and peer-leading credit outcomes. Our disciplined approach to managing the balance sheet also helped us exit the quarter with top-quartile tangible common equity, despite a period of rapidly increasing interest rates.
These results are intentional, not accidental. They reflect decisions we have made consistently over many years around capital, liquidity, interest rate risk and credit. Higher rates created headwinds for mortgage banking and fixed-income trading this quarter, but we view those businesses through the cycle, where they provide an important source of diversification to our overall earnings profile.
We manage the company for the long term, not for any one quarter. That discipline, combined with the diversity of our franchise, positions us to deliver durable performance and continue serving our customers well across a wide range of operating environments."
1 Comparisons are to the prior quarter unless otherwise noted.        
2 See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Net Interest Income
(Dollars in thousands)Sep. 30, 2026June 30, 2026Change% Change
Tax-equivalent interest revenue
Interest-bearing cash and cash equivalents$4,903 $5,011 $(108)(2.2)%
Trading securities76,118 70,590 5,528 7.8 %
Investment securities5,139 5,770 (631)(10.9)%
Available-for-sale securities143,898 135,676 8,222 6.1 %
Fair value option securities280 849 (569)(67.0)%
Restricted equity securities9,031 8,838 193 2.2 %
Residential mortgage loans held for sale1,422 1,452 (30)(2.1)%
Loans428,269 413,667 14,602 3.5 %
Total tax-equivalent interest revenue
$669,060 $641,853 $27,207 4.2 %
Interest expense
Interest-bearing deposits:
Transaction$182,272 $176,460 $5,812 3.3 %
Savings1,203 1,206 (3)(0.2)%
Time33,368 32,443 925 2.9 %
Total interest-bearing deposits216,843 210,109 6,734 3.2 %
Funds purchased and repurchase agreements2,905 4,016 (1,111)(27.7)%
Other borrowings70,452 66,982 3,470 5.2 %
Subordinated debentures6,176 6,197 (21)(0.3)%
Total interest expense296,376 287,304 9,072 3.2 %
Tax-equivalent net interest income372,684 354,549 18,135 5.1 %
Less: Tax-equivalent adjustment
2,709 2,719 (10)(0.4)%
Net interest income$369,975 $351,830 $18,145 5.2 %
Net interest margin3.00 %2.91 %0.09 %N/A
Average earning assets$49,410,198 $48,776,712 $633,486 1.3 %
Average trading securities5,908,204 5,876,732 31,472 0.5 %
Average investment securities1,591,744 1,676,175 (84,431)(5.0)%
Average available-for-sale securities13,854,420 13,554,693 299,727 2.2 %
Average fair value option securities27,833 71,064 (43,231)(60.8)%
Average restricted equity securities439,155 461,753 (22,598)(4.9)%
Average loans balance27,237,703 26,769,638 468,065 1.7 %
Average interest-bearing deposits31,825,110 31,547,501 277,609 0.9 %
Average funds purchased and repurchase agreements375,717 520,881 (145,164)(27.9)%
Average other borrowings7,163,522 6,922,451 241,071 3.5 %
Net interest income was $370.0 million for the third quarter of 2026, an increase of $18.1 million over the prior quarter. Net interest margin expanded to 3.00% from 2.91%. For the third quarter of 2026, our core net interest margin excluding trading activities1, a non-GAAP measure, increased 8 basis points to 3.21% compared to 3.13% in the prior quarter. Net interest income and margin benefited from loan growth and fixed-rate asset repricing.
Average earning assets increased $633 million. Average loan balances increased $468 million. Average available-for-sale securities grew $300 million and trading securities increased $31 million. Average interest-bearing deposits increased $278 million, primarily from growth in interest-bearing transaction accounts and time deposits. Average other borrowings increased $241 million, while average funds purchased and repurchase agreements decreased $145 million.
1 See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.    
    2
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
The yield on average earning assets was 5.37%, a 10 basis point increase over the prior quarter. The loan portfolio yield increased 4 basis points to 6.24%. The yield on trading securities increased 30 basis points to 5.15% and the yield on available-for-sale securities increased 13 basis points to 4.11%.
Funding costs were 2.96%, up 3 basis points. The cost of interest-bearing deposits increased 3 basis points to 2.70%. The cost of other borrowings increased 2 basis points to 3.90%, while the cost of funds purchased and repurchase agreements decreased 2 basis points to 3.07%. The benefit to net interest margin from assets funded by noninterest-bearing liabilities was 59 basis points, an increase of 2 basis points.

Other Operating Revenue
(Dollars in thousands)Sep. 30, 2026June 30, 2026Change% Change
Brokerage and trading revenue$19,451 $32,450 $(12,999)(40.1)%
Transaction card revenue32,205 31,597 608 1.9 %
Fiduciary and asset management revenue69,863 71,007 (1,144)(1.6)%
Deposit service charges and fees34,140 33,326 814 2.4 %
Mortgage banking revenue16,740 18,985 (2,245)(11.8)%
Other revenue15,556 14,627 929 6.4 %
Total fees and commissions187,955 201,992 (14,037)(6.9)%
Other gains, net5,693 42,415 (36,722)N/A
Loss on derivatives, net(19,282)(8,490)(10,792)N/A
Loss on fair value option securities, net(1,151)— (1,151)N/A
Change in fair value of mortgage servicing rights18,256 6,300 11,956 N/A
Loss on available-for-sale securities, net— (4,645)4,645 N/A
Total other operating revenue$191,471 $237,572 $(46,101)(19.4)%
Fees and commissions revenue totaled $188.0 million for the third quarter of 2026, decreasing $14.0 million compared to the prior quarter.
Brokerage and trading revenue decreased $13.0 million to $19.5 million, primarily driven by an unfavorable rate environment and lower fixed-income trading volumes during the quarter. The nearly 80 basis point increase in the 10-year Treasury yield reduced customer demand for fixed-income products and mortgage-related activity, resulting in lower transaction volumes and trading revenues.
Mortgage banking revenue decreased $2.2 million, driven by a decline in mortgage production volume and spreads due to rising mortgage interest rates. Production revenue as a percentage of production volume decreased 77 basis points to 0.06%.
Fiduciary and asset management revenue decreased $1.1 million, as the prior quarter benefited from seasonal tax preparation fees. Excluding this seasonal revenue, fiduciary and asset management revenue increased over the prior quarter.
Other gains, net, were a net gain of $5.7 million compared to a net gain of $42.4 million in the prior quarter. The second quarter of 2026 included a $30.9 million pre-tax gain, net of economic hedge, related to the exchange of our Visa B shares under the exchange offer by Visa, Inc. The current quarter included a net gain on investments related to deferred compensation of $1.8 million compared to a net gain of $8.8 million in the prior quarter.


3
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Operating Expense
(Dollars in thousands)Sep. 30, 2026June 30, 2026Change% Change
Personnel$213,251 $214,094 $(843)(0.4)%
Business promotion9,676 11,152 (1,476)(13.2)%
Professional fees and services14,310 13,799 511 3.7 %
Net occupancy and equipment32,960 34,151 (1,191)(3.5)%
FDIC and other insurance6,350 6,183 167 2.7 %
Data processing and communications54,320 51,707 2,613 5.1 %
Printing, postage, and supplies3,888 3,745 143 3.8 %
Amortization of intangible assets2,311 2,390 (79)(3.3)%
Mortgage banking costs10,664 11,879 (1,215)(10.2)%
Other expense12,931 12,579 352 2.8 %
Total operating expense$360,661 $361,679 $(1,018)(0.3)%
Total operating expense remained stable at $360.7 million for the third quarter of 2026. The third quarter included $1.7 million of deferred compensation expense offset by gains on related investments in Other gains, net. Excluding the impact of deferred compensation, total operating expense increased $6.4 million.
Personnel costs increased $6.5 million excluding the impact of deferred compensation. Regular compensation expense increased $3.2 million, primarily reflecting investments in talent, including the addition of revenue-producing personnel. Cash-based incentive compensation increased $1.2 million due to strong loan production during the quarter. Employee benefits expense increased $1.1 million, driven by higher employee healthcare costs, partially offset by a seasonal decrease in payroll taxes.
Non-personnel expense was consistent with the prior quarter. A $2.6 million increase in data processing and communications expense, primarily driven by higher software costs, was fully offset by decreases in business promotion expense and net occupancy and equipment costs. Mortgage banking costs decreased $1.2 million due to lower loan payoff activity during the quarter.
4
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Loans
(Dollars in thousands)Sep. 30, 2026June 30, 2026Change% Change
Commercial:
Services$4,071,262$4,099,879$(28,617)(0.7)%
Healthcare4,025,1884,083,814(58,626)(1.4)%
Energy3,316,6253,052,662263,9638.6%
Mortgage finance588,956451,826137,13030.4%
General business4,653,2144,609,26743,9471.0%
Total commercial16,655,24516,297,448357,7972.2%
Commercial real estate:
Multifamily2,550,0962,570,246(20,150)(0.8)%
Industrial1,448,9751,283,315165,66012.9%
Office840,859852,721(11,862)(1.4)%
Retail706,760670,89335,8675.3%
Residential construction and land development
112,124111,6684560.4%
Other commercial real estate
474,481396,48777,99419.7%
Total commercial real estate6,133,2955,885,330247,9654.2%
Loans to individuals:
Residential mortgage
2,860,2382,847,76812,4700.4%
Residential mortgage guaranteed by U.S. government agencies
161,171159,8861,2850.8%
Personal1,919,5551,893,28326,2721.4%
Total loans to individuals4,940,9644,900,93740,0270.8%
Total loans$27,729,504$27,083,715$645,7892.4%
Outstanding loans were $27.7 billion at September 30, 2026, a $646 million increase over June 30, 2026, led by energy loans, commercial real estate loans secured by industrial facilities, and mortgage finance loans. Unfunded loan commitments were $16.6 billion at September 30, 2026, consistent with the prior quarter.
Outstanding commercial loan balances, which include services, healthcare, energy, mortgage finance, and general business loans, increased $358 million over the prior quarter.
Energy loan balances grew by $264 million to $3.3 billion, or 12% of total loans. The majority of this portfolio is first lien, senior secured, reserve-based lending to oil and gas producers, which we believe is the lowest risk form of energy lending. Approximately 72% of committed production loans are secured by properties primarily producing oil. The remaining 28% are secured by properties primarily producing natural gas. Unfunded energy loan commitments were $4.3 billion at September 30, 2026, a $273 million decrease compared to June 30, 2026.
The Company launched the residential mortgage finance line of business in the third quarter of 2025, and these loan balances increased by $137 million during the current quarter to $589 million, or 2% of total loans. Mortgage finance loans primarily consist of warehouse lending facilities to Independent Mortgage Bankers to fund residential mortgages.
General business loans increased $44 million to $4.7 billion, or 17% of total loans. General business loans consist of $3.0 billion of wholesale/retail loans and $1.6 billion of loans from other commercial industries.
Services sector loan balances decreased $29 million compared to the prior quarter and totaled $4.1 billion, or 15% of total loans. Services sector loans consist of a large number of loans to a variety of businesses, including state and local municipal government entities, Native American tribal government and casino operations, foundations and not-for-profit organizations, educational services, and specialty trade contractors.
5
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Healthcare sector loan balances decreased $59 million and totaled $4.0 billion, or 15% of total loans. Our healthcare sector loans primarily consist of $3.1 billion of loans for the development and operation of senior housing and care facilities, including independent living, assisted living, and skilled nursing. Generally, we loan to borrowers with a portfolio of multiple facilities, which serves to help diversify risks specific to a single facility.
Commercial real estate loan balances increased $248 million to $6.1 billion, representing 22% of total loans. Loans secured by industrial facilities increased $166 million, other real estate loans increased $78 million, and loans secured by retail facilities increased $36 million. Loans secured by multifamily residential properties decreased $20 million and loans secured by office facilities decreased $12 million to $841 million. Unfunded commercial real estate loan commitments were $2.4 billion at September 30, 2026, a $105 million increase over June 30, 2026. We take a disciplined approach to managing our concentration of commercial real estate loan commitments as a percentage of capital.
Loans to individuals increased $40 million to $4.9 billion and represented 18% of total loans. Personal loans increased by $26 million and residential mortgage loans increased $14 million. Personal loans consist primarily of loans to Wealth Management clients secured by the cash surrender value of insurance policies or marketable securities. Personal loans also include direct loans secured by and for the purchase of automobiles, recreational and marine equipment, as well as unsecured loans.

Period End & Average Deposits
(Dollars in thousands)Sep. 30, 2026June 30, 2026Change% Change
Period end deposits
Demand$7,839,541 $7,861,661 $(22,120)(0.3)%
Interest-bearing transaction26,892,362 27,242,418 (350,056)(1.3)%
Savings896,472 900,480 (4,008)(0.4)%
Time3,903,004 3,851,282 51,722 1.3 %
Total deposits$39,531,379 $39,855,841 $(324,462)(0.8)%
Average deposits
Demand$7,709,027 $7,682,623 $26,404 0.3 %
Interest-bearing transaction27,036,654 26,826,903 209,751 0.8 %
Savings897,005 902,531 (5,526)(0.6)%
Time3,891,451 3,818,067 73,384 1.9 %
Total average deposits$39,534,137 $39,230,124 $304,013 0.8 %
Our funding sources, which primarily include deposits and wholesale borrowings, provide adequate liquidity to meet our needs. The loan to deposit ratio was 70% at September 30, 2026, compared to 68% at June 30, 2026, providing significant on-balance sheet liquidity to meet future loan demand and contractual obligations.
Period end deposits totaled $39.5 billion at September 30, 2026, a $324 million decrease. Interest-bearing transaction accounts decreased $350 million, demand deposits decreased $22 million, and time deposits increased $52 million.
Average deposits were $39.5 billion during the third quarter, a $304 million increase. Average interest-bearing transaction accounts increased $210 million, average time deposits increased $73 million, and average demand deposits increased $26 million.
Average Commercial Banking deposits increased $162 million to $19.1 billion, or 48% of total deposits. Our commercial deposit portfolio is highly diversified across industries and customers. The highest concentration by industry within our commercial deposit portfolio is with our energy customers representing 9% of our total deposits. Average Consumer Banking deposits increased $42 million to $8.6 billion, or 22% of total deposits. Average Wealth Management deposits increased by $102 million to $10.8 billion, or 27% of total deposits. Average Funds Management and Other deposits were largely unchanged at $1.1 billion, or 3% of total deposits.
6
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Capital
Minimum Capital RequirementCapital Conservation BufferMinimum Capital Requirement Including Capital Conservation BufferSep. 30, 2026June 30, 2026
Common equity Tier 14.50 %2.50 %7.00 %12.73 %12.89 %
Tier 1 capital6.00 %2.50 %8.50 %12.73 %12.89 %
Total capital8.00 %2.50 %10.50 %14.43 %14.67 %
Tier 1 leverage4.00 %N/A4.00 %9.95 %9.81 %
Tangible common equity ratio1
9.16 %9.61 %
Common stock repurchased (shares)— 2,519 
Average price per share repurchased$— $129.89 
The company's common equity Tier 1 capital ratio was 12.73% at September 30, 2026. In addition, the company's Tier 1 capital ratio was 12.73%, total capital ratio was 14.43%, and leverage ratio was 9.95% at September 30, 2026. At June 30, 2026, the company's common equity Tier 1 capital ratio was 12.89%, Tier 1 capital ratio was 12.89%, total capital ratio was 14.67%, and leverage ratio was 9.81%.
The company's tangible common equity ratio1, a non-GAAP measure, was 9.16% at September 30, 2026, and 9.61% at June 30, 2026. The tangible common equity ratio is primarily based on total shareholders' equity, which includes unrealized gains and losses on available-for-sale securities.
No shares of common stock were repurchased during the third quarter of 2026. The company repurchased 2,519 shares of common stock at an average price of $129.89 per share in the second quarter of 2026. We view buybacks opportunistically, but within the context of maintaining our strong capital position.

Credit Quality
Nonperforming assets totaled $67 million, or 0.24% of outstanding loans and repossessed assets, at September 30, 2026, compared to $63 million, or 0.23%, at June 30, 2026. Excluding loans guaranteed by U.S. government agencies, nonperforming assets totaled $58 million, or 0.21% of outstanding loans and repossessed assets, at September 30, 2026, compared to $55 million, or 0.20%, at June 30, 2026.
Nonaccruing loans increased $4.1 million compared to June 30, 2026. New nonaccruing loans identified in the third quarter totaled $12 million, offset by $4.7 million in payments received, $1.7 million in charge-offs, and $1.2 million in loans that returned to accrual status. Nonaccruing healthcare loans increased $4.0 million and nonaccruing loans to individuals increased $1.6 million, while nonaccruing general business loans decreased $1.3 million.
Net charge-offs were $886 thousand, or 0.01% of average loans on an annualized basis, in the third quarter. At September 30, 2026, net charge-offs for the trailing twelve months were $4.7 million, or 0.02% of average loans. Net charge-offs were $500 thousand, or 0.01% of average loans on an annualized basis, in the second quarter of 2026.
No provision for expected credit losses was necessary for the third quarter of 2026. An improvement in economic forecast assumptions, primarily GDP growth and lower unemployment, compared to the prior quarter was offset by the impact of loan growth during the quarter.
At September 30, 2026, the combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments was $322 million, or 1.16% of outstanding loans and 555% of nonaccruing loans, excluding residential mortgage loans guaranteed by U.S. government agencies. At June 30, 2026, the combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments was $323 million, or 1.19% of outstanding loans and 592% of nonaccruing loans, excluding residential mortgage loans guaranteed by U.S. government agencies.

1     See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
          7
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Securities & Derivatives
The fair value of the available-for-sale securities portfolio totaled $13.9 billion at September 30, 2026, a $277 million increase compared to June 30, 2026. At September 30, 2026, the available-for-sale securities portfolio consisted primarily of $10.5 billion of residential mortgage-backed securities fully backed by U.S. government agencies and $2.5 billion of commercial mortgage-backed securities fully backed by U.S. government agencies. At September 30, 2026, the available-for-sale securities portfolio had a net unrealized loss of $650 million, compared to $256 million at June 30, 2026.
We hold an inventory of trading securities in support of sales to a variety of customers. At September 30, 2026, the trading securities portfolio totaled $4.1 billion, compared to $5.0 billion at June 30, 2026.
Derivative contracts are carried at fair value. At September 30, 2026, the net fair values of derivative contracts, before consideration of cash margin, reported as assets under our customer risk management programs totaled $910 million, compared to $445 million at June 30, 2026. The aggregate net fair value of derivative contracts, before consideration of cash margin, held under these programs reported as liabilities totaled $882 million at September 30, 2026, and $433 million at June 30, 2026.
The company also maintains a portfolio of residential mortgage-backed and commercial mortgage-backed securities issued by U.S. government agencies and interest rate derivative contracts as an economic hedge of the changes in the fair value of our mortgage servicing rights. This portfolio of fair value option securities decreased $1.5 million to $27 million at September 30, 2026.
The net cost of the changes in the fair value of mortgage servicing rights and related economic hedges was $887 thousand during the third quarter of 2026, including a $19.1 million decrease in the fair value of securities and derivative contracts held as an economic hedge, an $18.3 million increase in the fair value of mortgage servicing rights, and $3 thousand of related net interest expense.

Third Quarter 2026 Segment Highlights
Commercial BankingConsumer BankingWealth Management
(In thousands)Sep. 30, 2026June 30, 2026Sep. 30, 2026June 30, 2026Sep. 30, 2026June 30, 2026
Net interest income and fee revenue
$241,184 $240,406$95,784 $95,759$141,148 $146,459
Net loans charged-off (recovered)1,474 (145)1,302 1,118(25)(5)
Personnel expense51,155 50,04226,136 24,71568,260 66,332
Non-personnel expense32,426 32,04938,206 38,72127,408 27,866
Net income before taxes140,712 146,16014,468 13,55528,846 34,977
Average loans$22,357,163 $22,003,116$2,675,121 $2,633,853$2,562,344 $2,479,191
Average deposits19,080,487 18,918,1888,635,318 8,592,87610,757,766 10,656,194
Assets under management or administration$129,333,432 $129,271,398
Commercial Banking contributed $140.7 million to net income before taxes in the third quarter of 2026, a decrease of $5.4 million compared to the second quarter of 2026. Combined net interest income and fee revenue totaled $241.2 million, consistent with the prior quarter. Net interest income increased $2.9 million due to increased loan volumes. Investment banking revenue decreased $4.3 million due to lower loan syndication fees. Other operating expense increased $1.5 million, primarily reflecting investments in talent, including the addition of revenue-producing personnel during the quarter. Other gains, net, were $1.9 million for the third quarter of 2026, compared to $4.3 million in the second quarter of 2026 from merchant banking activities. Average loans increased $354 million, or 2%, to $22.4 billion. Average deposits remained stable at $19.1 billion.
8
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Consumer Banking contributed $14.5 million to net income before taxes in the third quarter of 2026, largely unchanged from the prior quarter. Combined net interest income and fee revenue totaled $95.8 million, consistent with the prior quarter. Personnel expense increased $1.4 million which was fully offset by lower corporate expense allocations. Average loans increased $41 million, or 2%, to $2.7 billion. Average deposits were largely unchanged at $8.6 billion.
Wealth Management contributed $28.8 million to net income before taxes in the third quarter of 2026, a decrease of $6.1 million compared to the second quarter of 2026. Combined net interest income and fee revenue decreased $5.3 million. Total revenue from trading activities decreased $9.9 million reflecting an unfavorable rate environment and lower fixed-income trading volumes during the quarter. Investment banking revenue increased $5.2 million due to higher municipal underwriting and financial advisory fees. Other operating expense increased $1.5 million, primarily due to higher cash-based incentive compensation costs, reflecting stronger underwriting activity during the quarter. Average loans increased $83 million, or 3%, to $2.6 billion. Average deposits were largely unchanged at $10.8 billion. Assets under management or administration remained stable at $129.3 billion.

Conference Call & Webcast
The company will host a conference call at noon Central time on Tuesday, October 20, 2026, to discuss the financial results with investors. The live audio webcast and presentation slides will be available on the company’s website at bokf.com. The conference call can also be accessed by dialing 1-833-461-5787 toll free, or 1-585-542-9983, meeting ID: 717 984 566. A webcast replay will also be available shortly after the conclusion of the live call at bokf.com or by dialing 1-833-309-1852 and referencing replay meeting ID: 717 984 566.

About BOK Financial Corporation
BOK Financial Corporation is a $54 billion regional financial services company headquartered in Tulsa, Oklahoma with $129 billion in assets under management or administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee, and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.
The company will continue to evaluate critical assumptions and estimates, such as the appropriateness of the allowance for credit losses and asset impairment as of September 30, 2026 through the date its financial statements are filed with the Securities and Exchange Commission and will adjust amounts reported if necessary.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry and the economy generally. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “plans,” “outlook,” “projects,” “will,” “intends,” “may,” “could,” “should,” “would,” “potential,” “continue,” “seek,” “target,” variations of such words and similar expressions are intended to identify such forward-looking statements. Management judgments relating to and discussion of the provision and allowance for credit losses, allowance for uncertain tax positions, accruals for loss contingencies and valuation of mortgage servicing rights involve judgments as to expected events and are inherently forward-looking statements. Assessments that acquisitions and growth endeavors will be profitable are statements of belief as to the outcome of future events based in part on information provided by others which BOK Financial has not independently verified and for which BOK Financial assumes no responsibility for the accuracy or completeness. These various forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. All statements other than statements of historical fact are forward-looking statements. Therefore, actual results and outcomes may materially differ from what is expected, implied or forecasted in such forward-looking statements. Internal and external factors that might cause such a difference include, but are not limited to: changes in government; changes in governmental economic policy, including tariffs; changes in commodity prices; interest rates and interest rate relationships; inflation; demand for products and services; the degree of competition by traditional and nontraditional competitors; changes in banking regulations; tax laws; prices, levies and assessments; the impact of technological advances; trends in customer behavior as well as their ability to repay loans; credit quality deterioration; cybersecurity incidents and data breaches; operational failures or interruptions; liquidity risks; capital adequacy requirements; litigation and regulatory enforcement actions; and other risks detailed in BOK Financial Corporation’s filings with the Securities and Exchange Commission. BOK Financial Corporation and its affiliates undertake no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.
9
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
BALANCE SHEETS – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)Sep 30, 2026June 30, 2026
Assets
Cash and due from banks$878,300 $975,769 
Interest-bearing cash and cash equivalents387,089 545,597 
Trading securities4,056,856 4,952,988 
Investment securities, net of allowance1,567,688 1,627,281 
Available-for-sale securities13,859,871 13,582,780 
Fair value option securities26,959 28,461 
Restricted equity securities334,911 298,418 
Residential mortgage loans held for sale82,884 102,531 
Loans:
Commercial16,655,245 16,297,448 
Commercial real estate6,133,295 5,885,330 
Loans to individuals4,940,964 4,900,937 
Total loans27,729,504 27,083,715 
Allowance for loan losses(272,565)(277,474)
Loans, net of allowance27,456,939 26,806,241 
Premises and equipment, net612,261 651,641 
Receivables278,319 292,415 
Goodwill1,044,749 1,044,749 
Intangible assets, net15,961 29,828 
Mortgage servicing rights346,586 333,998 
Real estate and other repossessed assets, net of allowance303 508 
Derivative contracts, net864,125 324,711 
Cash surrender value of bank-owned life insurance426,282 423,126 
Receivable on unsettled securities sales776,544 39,673 
Other assets1,058,551 1,118,572 
Total assets$54,075,178 $53,179,287 
Liabilities
Deposits:
Demand$7,839,541 $7,861,661 
Interest-bearing transaction26,892,362 27,242,418 
Savings896,472 900,480 
Time3,903,004 3,851,282 
Total deposits39,531,379 39,855,841 
Funds purchased and repurchase agreements1,838,395 1,503,916 
Other borrowings3,769,253 3,073,995 
Subordinated debentures396,697 396,661 
Accrued interest, taxes, and expense309,229 292,534 
Due on unsettled securities purchases1,327,763 1,155,712 
Derivative contracts, net520,298 325,231 
Other liabilities467,112 490,499 
Total liabilities48,160,126 47,094,389 
Shareholders' equity
Capital, surplus, and retained earnings6,458,944 6,332,631 
Accumulated other comprehensive loss(544,453)(249,525)
Total shareholders’ equity5,914,491 6,083,106 
Non-controlling interests561 1,792 
Total equity5,915,052 6,084,898 
Total liabilities and equity$54,075,178 $53,179,287 
10
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
AVERAGE BALANCE SHEETS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Assets
Interest-bearing cash and cash equivalents$534,863 $550,518 $577,641 $546,045 $495,091 
Trading securities5,908,204 5,876,732 5,617,531 5,295,598 5,603,200 
Investment securities, net of allowance1,591,744 1,676,175 1,747,860 1,804,984 1,861,565 
Available-for-sale securities13,854,420 13,554,693 13,614,473 13,564,939 13,386,515 
Fair value option securities27,833 71,064 126,772 72,229 105,651 
Restricted equity securities439,155 461,753 361,514 250,430 337,055 
Residential mortgage loans held for sale92,731 93,685 77,105 91,414 91,422 
Loans:
Commercial16,374,803 16,015,484 15,430,740 15,037,471 14,490,145 
Commercial real estate5,972,277 5,914,630 5,779,715 5,581,588 5,743,572 
Loans to individuals4,890,623 4,839,524 4,715,130 4,623,492 4,592,422 
Total loans27,237,703 26,769,638 25,925,585 25,242,551 24,826,139 
Allowance for loan losses(276,455)(277,546)(276,437)(277,580)(277,398)
Loans, net of allowance26,961,248 26,492,092 25,649,148 24,964,971 24,548,741 
Total earning assets49,410,198 48,776,712 47,772,044 46,590,610 46,429,240 
Cash and due from banks1,033,468 979,068 963,980 988,135 960,602 
Derivative contracts, net580,254 662,250 421,256 268,675 317,732 
Cash surrender value of bank-owned life insurance424,214 422,700 422,540 420,167 417,261 
Receivable on unsettled securities sales223,492 196,521 173,506 227,678 162,035 
Other assets3,410,011 3,520,847 3,369,683 3,357,081 3,405,206 
Total assets$55,081,637 $54,558,098 $53,123,009 $51,852,346 $51,692,076 
Liabilities
Deposits:
Demand$7,709,027 $7,682,623 $7,693,948 $8,009,082 $7,894,847 
Interest-bearing transaction27,036,654 26,826,903 26,707,581 27,396,541 26,076,475 
Savings897,005 902,531 877,650 852,390 867,939 
Time3,891,451 3,818,067 3,701,080 3,729,596 3,641,985 
Total deposits39,534,137 39,230,124 38,980,259 39,987,609 38,481,246 
Funds purchased and repurchase agreements375,717 520,881 924,228 1,185,566 873,800 
Other borrowings7,163,522 6,922,451 5,349,061 3,008,388 5,048,301 
Subordinated debentures396,678 396,642 396,606 241,482 — 
Derivative contracts, net386,728 291,598 302,403 317,206 332,893 
Due on unsettled securities purchases516,586 494,740 418,478 452,673 329,361 
Other liabilities626,273 661,187 727,779 697,979 663,323 
Total liabilities48,999,641 48,517,623 47,098,814 45,890,903 45,728,924 
Total equity6,081,996 6,040,475 6,024,195 5,961,443 5,963,152 
Total liabilities and equity
$55,081,637 $54,558,098 $53,123,009 $51,852,346 $51,692,076 
11
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
STATEMENTS OF EARNINGS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months EndedNine Months Ended
September 30,September 30,
(In thousands, except share and per share data)2026202520262025
Interest revenue$666,351 $644,453 $1,921,410 $1,905,450 
Interest expense296,376 306,807 857,051 923,387 
Net interest income
369,975 337,646 1,064,359 982,063 
Provision for credit losses— 2,000 — 2,000 
Net interest income after provision for credit losses
369,975 335,646 1,064,359 980,063 
Other operating revenue:
Brokerage and trading revenue19,451 43,239 95,507 112,432 
Transaction card revenue32,205 29,463 95,767 86,116 
Fiduciary and asset management revenue69,863 63,878 207,351 188,814 
Deposit service charges and fees34,140 31,896 99,684 93,490 
Mortgage banking revenue16,740 19,764 56,688 58,572 
Other revenue15,556 16,190 44,727 46,452 
Total fees and commissions187,955 204,430 599,724 585,876 
Other gains, net5,693 8,264 47,892 15,679 
Gain (loss) on derivatives, net(19,282)(453)(32,146)14,647 
Gain (loss) on fair value option securities, net(1,151)630 (3,225)2,067 
Change in fair value of mortgage servicing rights18,256 (2,375)32,711 (14,634)
Gain (loss) on available-for-sale securities, net— 213 (4,645)213 
Total other operating revenue191,471 210,709 640,311 603,848 
Other operating expense:
Personnel213,251 226,347 638,519 655,243 
Business promotion9,676 9,960 30,054 27,917 
Professional fees and services14,310 15,137 42,404 43,808 
Net occupancy and equipment32,960 33,040 100,293 98,689 
FDIC and other insurance6,350 7,302 18,218 20,328 
FDIC special assessment— (1,209)— (1,209)
Data processing and communications54,320 50,062 157,795 147,237 
Printing, postage, and supplies3,888 4,036 11,312 11,742 
Amortization of intangible assets2,311 2,656 7,144 7,964 
Mortgage banking costs10,664 10,668 34,300 25,068 
Other expense12,931 11,771 36,467 35,015 
Total other operating expense360,661 369,770 1,076,506 1,071,802 
Net income before taxes200,785 176,585 628,164 512,109 
Federal and state income taxes40,910 35,714 135,987 111,397 
Net income159,875 140,871 492,177 400,712 
Net income (loss) attributable to non-controlling interests22 (23)19 23 
Net income attributable to BOK Financial Corporation shareholders$159,853 $140,894 $492,158 $400,689 
Earnings per share:
Basic and diluted$2.64 $2.22 $8.14 $6.27 
Average shares used in computation:
Basic and diluted60,101,757 62,840,270 60,072,208 63,196,043 
12
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
QUARTERLY EARNINGS TREND – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except share and per share data)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Interest revenue$666,351 $639,134 $615,925 $625,818 $644,453 
Interest expense296,376 287,304 273,371 280,537 306,807 
Net interest income
369,975 351,830 342,554 345,281 337,646 
Provision for credit losses— — — — 2,000 
Net interest income after provision for credit losses
369,975 351,830 342,554 345,281 335,646 
Other operating revenue:
Brokerage and trading revenue19,451 32,450 43,606 47,310 43,239 
Transaction card revenue32,205 31,597 31,965 31,564 29,463 
Fiduciary and asset management revenue69,863 71,007 66,481 68,347 63,878 
Deposit service charges and fees34,140 33,326 32,218 32,039 31,896 
Mortgage banking revenue16,740 18,985 20,963 19,013 19,764 
Other revenue15,556 14,627 14,544 16,591 16,190 
Total fees and commissions187,955 201,992 209,777 214,864 204,430 
Other gains (losses), net5,693 42,415 (216)28,078 8,264 
Loss on derivatives, net(19,282)(8,490)(4,374)(2,366)(453)
Gain (loss) on fair value option securities, net(1,151)— (2,074)551 630 
Change in fair value of mortgage servicing rights18,256 6,300 8,155 1,407 (2,375)
Gain (loss) on available-for-sale securities, net— (4,645)— 1,748 213 
Total other operating revenue191,471 237,572 211,268 244,282 210,709 
Other operating expense:
Personnel213,251 214,094 211,174 222,726 226,347 
Business promotion9,676 11,152 9,226 11,516 9,960 
Professional fees and services14,310 13,799 14,295 18,371 15,137 
Net occupancy and equipment32,960 34,151 33,182 32,693 33,040 
FDIC and other insurance6,350 6,183 5,685 6,078 7,302 
FDIC special assessment— — — (9,479)(1,209)
Data processing and communications54,320 51,707 51,768 51,299 50,062 
Printing, postage, and supplies3,888 3,745 3,679 4,077 4,036 
Amortization of intangible assets2,311 2,390 2,443 2,656 2,656 
Mortgage banking costs10,664 11,879 11,757 10,663 10,668 
Other expense12,931 12,579 10,957 10,454 11,771 
Total other operating expense360,661 361,679 354,166 361,054 369,770 
Net income before taxes200,785 227,723 199,656 228,509 176,585 
Federal and state income taxes40,910 51,141 43,936 51,243 35,714 
Net income159,875 176,582 155,720 177,266 140,871 
Net income (loss) attributable to non-controlling interests22 43 (46)(35)(23)
Net income attributable to BOK Financial Corporation shareholders$159,853 $176,539 $155,766 $177,301 $140,894 
Earnings per share:
Basic and diluted$2.64 $2.92 $2.58 $2.89 $2.22 
Average shares used in computation:
Basic and diluted60,101,757 60,080,833 60,033,282 60,916,929 62,840,270 
13
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
FINANCIAL HIGHLIGHTS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except ratio, share, and per share data)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Capital:
Period end shareholders' equity$5,914,491 $6,083,106 $5,973,175 $5,918,646 $6,022,535 
Risk-weighted assets$42,542,692 $40,936,020 $40,777,918 $38,966,948 $38,136,467 
Risk-based capital ratios:
Common equity Tier 112.73 %12.89 %12.61 %12.90 %13.60 %
Tier 112.73 %12.89 %12.61 %12.90 %13.61 %
Total capital14.43 %14.67 %14.39 %14.77 %14.48 %
Leverage ratio9.95 %9.81 %9.85 %9.86 %10.19 %
Tangible common equity ratio1
9.16 %9.61 %9.29 %9.46 %10.06 %
Common stock:
Book value per share$97.34 $100.11 $98.31 $97.63 $95.22 
Tangible book value per share$79.89 $82.42 $80.58 $79.83 $78.11 
Market value per share:
High$146.84 $139.73 $138.42 $122.16 $114.17 
Low$125.96 $123.24 $113.53 $102.72 $96.89 
Cash dividends paid$38,123 $38,116 $38,118 $38,042 $36,122 
Dividend payout ratio23.85 %21.59 %24.47 %21.46 %25.64 %
Shares outstanding, net60,758,773 60,766,867 60,759,992 60,620,507 63,247,676 
Stock buy-back program:
Shares repurchased— 2,519 — 2,617,414 365,547 
Amount$— $327 $— $282,645 $40,575 
Average price paid per share2
$— $129.89 $— $107.99 $111.00 
Performance ratios (quarter annualized):
Return on average assets1.15 %1.30 %1.19 %1.36 %1.08 %
Return on average equity10.43 %11.73 %10.49 %11.80 %9.38 %
Return on average tangible common equity1
12.66 %14.27 %12.78 %14.42 %11.46 %
Net interest margin3.00 %2.91 %2.90 %2.98 %2.91 %
Efficiency ratio1
63.52 %60.21 %63.21 %60.71 %66.66 %
Adjusted efficiency ratio1
63.52 %63.49 %63.21 %64.89 %66.88 %
Other data:
Tax-equivalent interest$2,709 $2,719 $2,610 $2,555 $2,565 
Net unrealized loss on available-for-sale securities$(649,774)$(256,458)$(216,978)$(132,566)$(203,682)
1     See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
2     Excludes 1% excise tax on corporate stock repurchases.                                     14
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Three Months Ended
(In thousands, except ratio, share, and per share data)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Mortgage banking:
Mortgage production revenue$119 $2,174 $3,926 $1,963 $2,370 
Mortgage loans funded for sale$231,130 $280,838 $230,858 $230,376 $229,812 
Add: Current period end outstanding commitments
45,385 65,547 83,674 49,048 67,842 
Less: Prior period end outstanding commitments65,547 83,674 49,048 67,842 64,508 
Total mortgage production volume$210,968 $262,711 $265,484 $211,582 $233,146 
Mortgage loan refinances to mortgage loans funded for sale16 %20 %30 %27 %13 %
Realized margin on funded mortgage loans0.39 %1.01 %1.22 %1.10 %0.96 %
Production revenue as a percentage of production volume0.06 %0.83 %1.48 %0.93 %1.02 %
Mortgage servicing revenue$16,621 $16,811 $17,037 $17,050 $17,394 
Average outstanding principal balance of mortgage loans serviced for others$21,335,683 $21,718,909 $22,109,450 $21,882,238 $22,269,300 
Average mortgage servicing revenue rates0.31 %0.31 %0.31 %0.31 %0.31 %
Gain (loss) on mortgage servicing rights, net of economic hedge:
Loss on derivatives, net$(17,989)$(7,324)$(4,211)$(2,651)$(508)
Gain (loss) on fair value option securities, net(1,151)— (2,074)551 630 
Gain (loss) on economic hedge of mortgage servicing rights(19,140)(7,324)(6,285)(2,100)122 
Change in fair value of mortgage servicing rights18,256 6,300 8,155 1,407 (2,375)
Gain (loss) on changes in fair value of mortgage servicing rights, net of economic hedges, included in other operating revenue(884)(1,024)1,870 (693)(2,253)
Net interest income (expense) on fair value option securities3
(3)110 86 114 169 
Total economic benefit (cost) of changes in the fair value of mortgage servicing rights, net of economic hedges$(887)$(914)$1,956 $(579)$(2,084)



                            
3     Actual interest earned on fair value option securities less internal transfer-priced cost of funds.                      15
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
EXPLANATION AND RECONCILIATION OF NON-GAAP MEASURES – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except ratio and per share data)
Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Reconciliation of tangible common equity ratio:
Total shareholders' equity$5,914,491 $6,083,106 $5,973,175 $5,918,646 $6,022,535 
Less: Goodwill and intangible assets, net1,060,710 1,074,577 1,077,052 1,079,501 1,082,125 
Tangible common equity$4,853,781 $5,008,529 $4,896,123 $4,839,145 $4,940,410 
Total assets$54,075,178 $53,179,287 $53,760,405 $52,237,501 $50,193,387 
Less: Goodwill and intangible assets, net1,060,710 1,074,577 1,077,052 1,079,501 1,082,125 
Tangible assets$53,014,468 $52,104,710 $52,683,353 $51,158,000 $49,111,262 
Tangible common equity ratio9.16 %9.61 %9.29 %9.46 %10.06 %
Reconciliation of return on average tangible common equity:
Total average shareholders' equity$6,080,564 $6,038,651 $6,022,247 $5,959,186 $5,960,711 
Less: Average goodwill and intangible assets, net1,069,452 1,075,733 1,078,240 1,080,758 1,083,390 
Average tangible common equity$5,011,112 $4,962,918 $4,944,007 $4,878,428 $4,877,321 
Net income attributable to BOK Financial Corporation shareholders
$159,853 $176,539 $155,766 $177,301 $140,894 
Return on average tangible common equity12.66 %14.27 %12.78 %14.42 %11.46 %
Calculation of efficiency ratio and adjusted efficiency ratio:
Total other operating expense$360,661 $361,679 $354,166 $361,054 $369,770 
Less: Amortization of intangible assets2,311 2,390 2,443 2,656 2,656 
Numerator for efficiency ratio$358,350 $359,289 $351,723 $358,398 $367,114 
Less: FDIC special assessment benefit— — — (9,479)(1,209)
Numerator for adjusted efficiency ratio$358,350 $359,289 $351,723 $367,877 $368,323 
Net interest income
$369,975 $351,830 $342,554 $345,281 $337,646 
Add: Tax-equivalent adjustment
2,709 2,719 2,610 2,555 2,565 
Tax-equivalent net interest income
372,684 354,549 345,164 347,836 340,211 
Add: Total other operating revenue191,471 237,572 211,268 244,282 210,709 
Less: Gain (loss) on available-for-sale securities, net— (4,645)— 1,748 213 
Denominator for efficiency ratio
$564,155 $596,766 $556,432 $590,370 $550,707 
Less: Gain on sale of merchant banking investment— — — 23,475 — 
Less: Gain on exchange of Visa shares— 30,908 — — — 
Denominator for adjusted efficiency ratio$564,155 $565,858 $556,432 $566,895 $550,707 
Efficiency ratio63.52 %60.21 %63.21 %60.71 %66.66 %
Adjusted efficiency ratio63.52 %63.49 %63.21 %64.89 %66.88 %
Reconciliation of pre-provision net revenue:
Net income before taxes$200,785 $227,723 $199,656 $228,509 $176,585 
Add: Provision for credit losses— — — — 2,000 
Less: Net income (loss) attributable to non-controlling interests
22 43 (46)(35)(23)
Pre-provision net revenue$200,763 $227,680 $199,702 $228,544 $178,608 
16
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Three Months Ended
(In thousands, except ratio and per share data)
Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Information on net interest income and net interest margin excluding trading activities:
Net interest income
$369,975 $351,830 $342,554 $345,281 $337,646 
Less: Trading activities net interest income
21,337 18,283 15,366 13,211 14,325 
Net interest income excluding trading activities
348,638 333,547 327,188 332,070 323,321 
Add: Tax-equivalent adjustment
2,709 2,719 2,610 2,555 2,565 
Tax-equivalent net interest income excluding trading activities
$351,347 $336,266 $329,798 $334,625 $325,886 
Average interest-earning assets$49,410,198 $48,776,712 $47,772,044 $46,590,610 $46,429,240 
Less: Average trading activities interest-earning assets5,908,204 5,876,732 5,617,531 5,295,598 5,603,200 
Average interest-earning assets excluding trading activities$43,501,994 $42,899,980 $42,154,513 $41,295,012 $40,826,040 
Net interest margin on average interest-earning assets3.00 %2.91 %2.90 %2.98 %2.91 %
Net interest margin on average trading activities interest-earning assets1.47 %1.25 %1.05 %1.04 %1.07 %
Net interest margin on average interest-earning assets excluding trading activities3.21 %3.13 %3.15 %3.22 %3.16 %
Reconciliation of adjusted net income and earnings per share:
Net income attributable to BOK Financial Corporation shareholders$159,853 $176,539 $155,766 $177,301 $140,894 
Impact of FDIC special assessment benefit, net of tax— — — (7,239)(923)
Gain on exchange of Visa shares, net of tax— (23,604)— — — 
Loss on repositioning of available-for-sale securities portfolio, net of tax— 3,547 — — — 
Gain on sale of merchant banking investment, net of tax— — — (17,928)— 
Adjusted net income$159,853 $156,482 $155,766 $152,134 $139,971 
Earnings per share$2.64 $2.92 $2.58 $2.89 $2.22 
Impact of FDIC special assessment benefit, net of tax— — — (0.12)(0.01)
Gain on exchange of Visa shares, net of tax— (0.39)— — — 
Loss on repositioning of available-for-sale securities portfolio, net of tax— 0.06 — — — 
Gain on sale of merchant banking investment, net of tax— — — (0.29)— 
Adjusted earnings per share
$2.64 $2.59 $2.58 $2.48 $2.21 
17
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Explanation of Non-GAAP Measures
The tangible common equity ratio and return on average tangible common equity are primarily based on total shareholders' equity, which includes unrealized gains and losses on available-for-sale securities, less intangible assets and equity that do not benefit common shareholders. These measures are valuable indicators of a financial institution's capital strength since they eliminate intangible assets from shareholders' equity and retain the effect of unrealized losses on securities and other components of accumulated other comprehensive income in shareholders' equity.
The efficiency ratio and adjusted efficiency ratio measure the company's ability to use its assets and manage its liabilities effectively in the current period.
Pre-provision net revenue is a measure of revenue less expenses and is calculated before provision for credit losses and income tax expense. This financial measure is frequently used by investors and analysts and enables them to assess a company's ability to generate earnings to cover credit losses through a credit cycle. It also provides an additional basis for comparing the results of operations between periods by isolating the impact of the provision for credit losses, which can vary significantly between periods.
Net interest income and net interest margin excluding trading activities removes the effect of trading activities on these metrics allowing management and investors to assess the performance of the company's core lending and deposit activities without the associated volatility from trading activities.
We believe adjusting net income and earnings per share for notable non-core items enhances comparability of results with prior periods, demonstrates the impact of significant items, and provides a useful measure for determining the company's expenses that are core to our business operations and are expected to recur over time.
18
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
LOANS TREND – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Commercial:
Services$4,071,262 $4,099,879 $3,901,933 $3,911,917 $3,710,643 
Healthcare4,025,188 4,083,814 3,955,763 4,008,208 3,878,543 
Energy3,316,625 3,052,662 3,005,693 2,882,242 2,681,512 
Mortgage finance588,956 451,826 228,242 177,765 84,271 
General business4,653,214 4,609,267 4,481,452 4,300,935 4,157,971 
Total commercial16,655,245 16,297,448 15,573,083 15,281,067 14,512,940 
Commercial real estate:
Multifamily2,550,096 2,570,246 2,553,709 2,432,330 2,500,323 
Industrial1,448,975 1,283,315 1,418,626 1,368,436 1,396,795 
Office840,859 852,721 821,569 814,139 811,601 
Retail706,760 670,893 613,976 573,451 593,835 
Residential construction and land development112,124 111,668 109,480 129,783 122,033 
Other commercial real estate474,481 396,487 367,319 353,867 328,020 
Total commercial real estate6,133,295 5,885,330 5,884,679 5,672,006 5,752,607 
Loans to individuals:
Residential mortgage2,860,238 2,847,768 2,784,134 2,731,415 2,676,366 
Residential mortgage guaranteed by U.S. government agencies
161,171 159,886 160,254 158,359 151,642 
Personal1,919,555 1,893,283 1,785,243 1,808,615 1,771,639 
Total loans to individuals4,940,964 4,900,937 4,729,631 4,698,389 4,599,647 
Total loans
$27,729,504 $27,083,715 $26,187,393 $25,651,462 $24,865,194 
19
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
LOANS MANAGED BY PRINCIPAL MARKET AREA – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Texas:
Commercial$7,661,864 $7,628,676 $7,489,036 $7,383,319 $6,800,577 
Commercial real estate2,212,490 2,063,517 2,149,123 2,057,016 2,107,335 
Loans to individuals1,086,029 1,090,244 1,077,386 1,066,827 1,037,831 
Total Texas10,960,383 10,782,437 10,715,545 10,507,162 9,945,743 
Oklahoma:
Commercial4,860,306 4,528,261 3,907,911 3,829,109 3,692,319 
Commercial real estate729,858 656,369 612,981 589,709 574,126 
Loans to individuals3,210,216 3,161,854 3,065,886 3,005,460 2,927,185 
Total Oklahoma8,800,380 8,346,484 7,586,778 7,424,278 7,193,630 
Arizona:
Commercial1,376,604 1,344,873 1,378,256 1,253,824 1,228,593 
Commercial real estate1,514,202 1,445,762 1,448,141 1,332,658 1,348,838 
Loans to individuals224,825 219,062 220,116 224,354 222,963 
Total Arizona3,115,631 3,009,697 3,046,513 2,810,836 2,800,394 
Colorado:
Commercial2,042,394 2,071,731 2,125,660 2,127,979 2,132,770 
Commercial real estate571,127 590,820 596,517 600,668 589,307 
Loans to individuals183,767 191,015 191,721 200,378 208,323 
Total Colorado2,797,288 2,853,566 2,913,898 2,929,025 2,930,400 
Kansas/Missouri:
Commercial343,240 337,120 291,075 282,189 270,068 
Commercial real estate517,797 529,988 537,709 571,331 618,052 
Loans to individuals182,004 182,925 117,617 142,392 142,408 
Total Kansas/Missouri1,043,041 1,050,033 946,401 995,912 1,030,528 
New Mexico:
Commercial305,757 310,768 308,712 311,636 282,479 
Commercial real estate527,230 538,269 484,623 465,228 458,720 
Loans to individuals46,242 47,787 48,099 49,589 51,056 
Total New Mexico879,229 896,824 841,434 826,453 792,255 
Arkansas:
Commercial65,080 76,019 72,433 93,011 106,134 
Commercial real estate60,591 60,605 55,585 55,396 56,229 
Loans to individuals7,881 8,050 8,806 9,389 9,881 
Total Arkansas133,552 144,674 136,824 157,796 172,244 
Total BOK Financial$27,729,504 $27,083,715 $26,187,393 $25,651,462 $24,865,194 
Loans attributed to a principal market may not always represent the location of the borrower or the collateral.

20
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
DEPOSITS BY PRINCIPAL MARKET AREA – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Oklahoma:
    Demand$3,527,086 $3,482,203 $3,463,094 $3,492,243 $3,520,203 
    Interest-bearing:
       Transaction13,079,586 13,623,048 13,629,679 13,732,961 13,352,070 
       Savings563,986 563,466 561,079 532,284 520,995 
       Time2,388,448 2,371,623 2,245,523 2,232,078 2,356,945 
    Total interest-bearing16,032,020 16,558,137 16,436,281 16,497,323 16,230,010 
Total Oklahoma19,559,106 20,040,340 19,899,375 19,989,566 19,750,213 
Texas:
    Demand2,209,001 2,178,864 2,071,766 2,177,256 2,194,177 
    Interest-bearing:
       Transaction7,653,569 7,167,229 6,447,755 6,691,395 6,427,135 
       Savings146,584 148,701 153,501 149,593 147,560 
       Time701,037 673,126 676,876 647,158 649,757 
    Total interest-bearing8,501,190 7,989,056 7,278,132 7,488,146 7,224,452 
Total Texas10,710,191 10,167,920 9,349,898 9,665,402 9,418,629 
Colorado:
    Demand862,461 977,110 881,440 1,152,203 929,383 
    Interest-bearing:
       Transaction1,998,927 2,210,988 2,072,825 2,137,579 2,204,899 
       Savings58,749 56,735 58,605 54,809 53,768 
       Time296,655 293,325 299,196 282,320 284,962 
    Total interest-bearing2,354,331 2,561,048 2,430,626 2,474,708 2,543,629 
Total Colorado3,216,792 3,538,158 3,312,066 3,626,911 3,473,012 
New Mexico:
    Demand612,267 599,831 580,900 580,400 591,330 
    Interest-bearing:
       Transaction1,393,257 1,596,275 1,447,506 1,405,940 1,376,694 
       Savings101,591 102,306 99,848 95,630 94,180 
       Time398,750 386,946 374,661 354,757 347,227 
    Total interest-bearing1,893,598 2,085,527 1,922,015 1,856,327 1,818,101 
Total New Mexico2,505,865 2,685,358 2,502,915 2,436,727 2,409,431 
Arizona:
    Demand364,041 351,429 398,102 365,007 368,432 
    Interest-bearing:
       Transaction1,330,817 1,369,657 1,439,796 1,450,416 1,406,300 
       Savings9,835 9,787 11,593 14,656 13,571 
       Time65,360 73,261 73,912 72,286 71,886 
    Total interest-bearing1,406,012 1,452,705 1,525,301 1,537,358 1,491,757 
Total Arizona1,770,053 1,804,134 1,923,403 1,902,365 1,860,189 
21
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
(In thousands)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Kansas/Missouri:
    Demand237,762 248,190 271,399 281,263 282,235 
    Interest-bearing:
       Transaction1,323,397 1,199,349 1,203,155 1,194,500 1,151,956 
       Savings13,182 16,782 16,222 14,256 14,251 
       Time30,436 35,686 38,542 37,820 37,563 
    Total interest-bearing1,367,015 1,251,817 1,257,919 1,246,576 1,203,770 
Total Kansas/Missouri1,604,777 1,500,007 1,529,318 1,527,839 1,486,005 
Arkansas:
    Demand26,923 24,034 27,628 33,558 21,416 
    Interest-bearing:
       Transaction112,809 75,872 111,487 237,279 64,174 
       Savings2,545 2,703 2,859 2,695 2,411 
       Time22,318 17,315 18,099 12,664 14,538 
    Total interest-bearing137,672 95,890 132,445 252,638 81,123 
Total Arkansas164,595 119,924 160,073 286,196 102,539 
Total BOK Financial$39,531,379 $39,855,841 $38,677,048 $39,435,006 $38,500,018 
22
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
NET INTEREST MARGIN TREND – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Tax-equivalent asset yields
Interest-bearing cash and cash equivalents3.64 %3.65 %3.60 %3.85 %4.39 %
Trading securities5.15 %4.85 %4.64 %4.83 %5.25 %
Investment securities, net of allowance1.29 %1.38 %1.41 %1.41 %1.41 %
Available-for-sale securities4.11 %3.98 %3.93 %3.94 %3.93 %
Fair value option securities3.82 %4.51 %4.83 %4.83 %5.45 %
Restricted equity securities8.23 %7.66 %7.39 %7.22 %7.84 %
Residential mortgage loans held for sale6.11 %6.22 %5.42 %5.84 %6.08 %
Loans6.24 %6.20 %6.25 %6.48 %6.70 %
Allowance for loan losses
Loans, net of allowance6.31 %6.26 %6.31 %6.55 %6.78 %
Total tax-equivalent yield on earning assets5.37 %5.27 %5.23 %5.36 %5.53 %
Cost of interest-bearing liabilities:
Interest-bearing deposits:
Transaction
2.67 %2.64 %2.67 %2.88 %3.14 %
Savings0.53 %0.54 %0.54 %0.54 %0.55 %
Time3.40 %3.41 %3.53 %3.64 %3.73 %
Total interest-bearing deposits2.70 %2.67 %2.71 %2.91 %3.14 %
Funds purchased and repurchase agreements3.07 %3.09 %2.90 %3.47 %3.29 %
Other borrowings3.90 %3.88 %3.90 %4.22 %4.54 %
Subordinated debt6.23 %6.25 %6.14 %6.12 %— %
Total cost of interest-bearing liabilities2.96 %2.93 %2.92 %3.06 %3.33 %
Tax-equivalent net interest spread
2.41 %2.34 %2.31 %2.30 %2.20 %
Effect of noninterest-bearing funding sources and other0.59 %0.57 %0.59 %0.68 %0.71 %
Tax-equivalent net interest margin3.00 %2.91 %2.90 %2.98 %2.91 %
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.
23
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
CREDIT QUALITY INDICATORS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except ratios)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Nonperforming assets:
Nonaccruing loans:
Commercial:
Healthcare$25,120 $21,112 $21,138 $23,490 $24,507 
Services2,857 2,928 1,260 6,135 7,647 
Energy— — — — 31 
General business3,812 5,118 2,868 6,477 85 
Total commercial31,789 29,158 25,266 36,102 32,270 
Commercial real estate6,315 6,431 6,601 6,697 6,809 
Loans to individuals:
Permanent mortgage19,795 18,768 20,175 18,263 21,255 
Permanent mortgage guaranteed by U.S. government agencies8,193 7,585 7,768 8,586 7,348 
Personal185 200 194 4,712 4,712 
Total loans to individuals28,173 26,553 28,137 31,561 33,315 
Total nonaccruing loans66,277 62,142 60,004 74,360 72,394 
Real estate and other repossessed assets303 508 15 176 1,751 
Total nonperforming assets$66,580 $62,650 $60,019 $74,536 $74,145 
Total nonperforming assets excluding those guaranteed by U.S. government agencies$58,387 $55,065 $52,251 $65,950 $66,797 
Accruing loans 90 days past due1
$— $6,242 $2,411 $— $1,135 
Gross charge-offs$1,652 $1,305 $3,176 $2,353 $4,348 
Recoveries(766)(805)(1,303)(907)(721)
Net charge-offs (recoveries)$886 $500 $1,873 $1,446 $3,627 
Provision for loan losses$(4,023)$255 $3,732 $(386)$4,270 
Provision for credit losses from off-balance sheet unfunded loan commitments4,122 142 (5,934)487 (2,208)
Provision for expected credit losses from mortgage banking activities(77)(283)2,213 (95)(74)
Provision for credit losses related to investment (held-to-maturity) securities portfolio(22)(114)(11)(6)12 
Total provision for credit losses$— $— $— $— $2,000 
1    Excludes residential mortgage loans guaranteed by agencies of the U.S. government.
24
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Three Months Ended
(In thousands, except ratios)Sep 30, 2026June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025
Allowance for loan losses to period end loans0.98 %1.02 %1.06 %1.08 %1.12 %
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to period end loans1.16 %1.19 %1.23 %1.28 %1.32 %
Nonperforming assets to period end loans and repossessed assets0.24 %0.23 %0.23 %0.29 %0.30 %
Net charge-offs (annualized) to average loans0.01 %0.01 %0.03 %0.02 %0.06 %
Allowance for loan losses to nonaccruing loans1
469.26 %508.59 %531.66 %419.41 %426.92 %
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to nonaccruing loans1
554.66 %591.96 %618.45 %497.36 %504.99 %

1    Excludes residential mortgage loans guaranteed by agencies of the U.S. government.
25
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
SEGMENTS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
3Q26 vs 2Q26
3Q26 vs 3Q25
(In thousands, except ratios)
Sep 30, 2026June 30, 2026Sep. 30, 2025Change% ChangeChange% Change
Commercial Banking:
Net interest income$181,883 $178,992 $179,473 $2,891 1.6 %$2,410 1.3 %
Fees and commissions revenue59,301 61,414 57,538 (2,113)(3.4)%1,763 3.1 %
Combined net interest income and fee revenue241,184 240,406 237,011 778 0.3 %4,173 1.8 %
Other operating expense83,581 82,091 82,360 1,490 1.8 %1,221 1.5 %
Corporate allocations17,347 16,586 17,934 761 4.6 %(587)(3.3)%
Net income before taxes140,712 146,160 138,316 (5,448)(3.7)%2,396 1.7 %
Average assets$23,722,951 $23,375,564 $21,764,695 $347,387 1.5 %$1,958,256 9.0 %
Average loans22,357,163 22,003,116 20,322,138 354,047 1.6 %2,035,025 10.0 %
Average deposits19,080,487 18,918,188 18,161,486 162,299 0.9 %919,001 5.1 %
Consumer Banking:
Net interest income$58,574 $57,912 $58,451 $662 1.1 %$123 0.2 %
Fees and commissions revenue37,210 37,847 38,071 (637)(1.7)%(861)(2.3)%
Combined net interest income and fee revenue95,784 95,759 96,522 25 — %(738)(0.8)%
Other operating expense64,342 63,436 64,042 906 1.4 %300 0.5 %
Corporate allocations14,802 16,626 14,326 (1,824)(11.0)%476 3.3 %
Net income before taxes14,468 13,555 14,490 913 6.7 %(22)(0.2)%
Average assets$8,687,730 $8,648,052 $8,372,125 $39,678 0.5 %$315,605 3.8 %
Average loans2,675,121 2,633,853 2,432,968 41,268 1.6 %242,153 10.0 %
Average deposits8,635,318 8,592,876 8,330,481 42,442 0.5 %304,837 3.7 %
Wealth Management:
Net interest income$50,048 $45,378 $43,626 $4,670 10.3 %$6,422 14.7 %
Fees and commissions revenue91,100 101,081 111,516 (9,981)(9.9)%(20,416)(18.3)%
Combined net interest income and fee revenue141,148 146,459 155,142 (5,311)(3.6)%(13,994)(9.0)%
Other operating expense95,668 94,198 102,971 1,470 1.6 %(7,303)(7.1)%
Corporate allocations16,852 17,312 15,568 (460)(2.7)%1,284 8.2 %
Net income before taxes28,846 34,977 36,606 (6,131)(17.5)%(7,760)(21.2)%
Average assets$11,397,662 $11,219,080 $11,265,485 $178,582 1.6 %$132,177 1.2 %
Average loans2,562,344 2,479,191 2,353,961 83,153 3.4 %208,383 8.9 %
Average deposits10,757,766 10,656,194 10,731,569 101,572 1.0 %26,197 0.2 %
Fiduciary assets78,125,091 78,944,144 73,862,296 (819,053)(1.0)%4,262,795 5.8 %
Assets under management or administration129,333,432 129,271,398 122,673,531 62,034 — %6,659,901 5.4 %
Certain prior period amounts have been reclassified to conform to current period presentation.
26
October 20, 2026 Q3 Earnings Conference Call

 

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry, and the economy generally. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “plans,” "outlook," “projects,” “will,” “intends,” "may," "could," "should," "would," "potential," "continue," "seek," "target," variations of such words and similar expressions are intended to identify such forward-looking statements. Management judgments relating to and discussion of the provision and allowance for credit losses, allowance for uncertain tax positions, accruals for loss contingencies and valuation of mortgage servicing rights involve judgments as to expected events and are inherently forward-looking statements. Assessments that acquisitions and growth endeavors will be profitable are statements of belief as to the outcome of future events based in part on information provided by others which BOK Financial has not independently verified and for which BOK Financial assumes no responsibility for the accuracy or completeness. These various forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. All statements other than statements of historical fact are forward-looking statements. Therefore, actual results and outcomes may materially differ from what is expected, implied, or forecasted in such forward-looking statements. Internal and external factors that might cause such a difference include, but are not limited to changes in government, changes in governmental economic policy, including tariffs; changes in commodity prices; interest rates and interest rate relationships; inflation; demand for products and services; the degree of competition by traditional and nontraditional competitors; changes in banking regulations; tax laws; prices, levies and assessments; the impact of technological advances; trends in customer behavior as well as their ability to repay loans; credit quality deterioration; cybersecurity incidents and data breaches; operational failures or interruptions; liquidity risks; capital adequacy requirements; litigation and regulatory enforcement actions; and other risks detailed in BOK Financial Corporation's filings with the Securities and Exchange Commission. For a discussion of risk factors that may cause actual results to differ from expectations, please refer to BOK Financial Corporation’s most recent annual and quarterly reports. BOK Financial Corporation and its affiliates undertake no obligation to update, amend, or clarify forward-looking statements, whether as a result of new information, future events, or otherwise. Non-GAAP Financial Measures: This presentation may refer to non-GAAP financial measures. Additional information on these financial measures is available in BOK Financial’s Form 8-K filings furnished pursuant to Item 2.02, which can be accessed at bokf.com. All data is presented as of September 30, 2026 unless otherwise noted. Legal Disclaimers 2

 

Stacy Kymes Chief Executive Officer 3

 

Q3 Financial Highlights * Non-GAAP measure Attributable to shareholders Per share (diluted) Net Income • Net income was $159.9 million, or $2.64 per diluted share, compared to $176.5 million, or $2.92 per diluted share in the prior quarter. Prior quarter net income would have been $156.5 million, or $2.59 per diluted share, excluding the net gain related to the exchange of Visa B shares and the loss from repositioning of the available-for-sale securities portfolio* • Net interest margin increased 9 basis points to 3.00% and core net interest margin, excluding trading, expanded 8 basis points to 3.21%*. Core margin benefitted from loan growth and fixed-rate asset repricing • Period end loans grew $646 million, or 2.4% sequentially to $27.7 billion with broad-based growth across our portfolio and footprint. Period end loans grew $2.9 billion, or 11.5%, compared to the third quarter of 2025 • Net charge-offs were $886 thousand during the quarter averaging 2 basis points over the last twelve months • Continued strong capital and liquidity position with TCE* at 9.2% and a loan to deposit ratio of 70% 4 ($Million, exc. EPS) Q3 2026 Q2 2026 Q3 2025 Net income $159.9 $176.5 $140.9 Diluted EPS $2.64 $2.92 $2.22 Net income before taxes $200.8 $227.7 $176.6 Provision for credit losses $0.0 $0.0 $2.0 Pre-provision net revenue* $200.8 $227.7 $178.6 Efficiency ratio* 63.5% 60.2% 66.7% Adjusted efficiency ratio* 63.5% 63.5% 66.9% Revenue Composition as of 9/30/2026 Net Interest Income Trading & Brokerage Fiduciary & Asset Management Transaction Card Deposit Service Charges Mortgage Banking Other Revenue

 

Additional Details 5 ◦ Period end loan balances increased $646 million, with broad-based growth across our portfolio and geographic footprint. Average loan balances grew $468 million ◦ Average deposits grew $304 million in Q3, with growth in interest-bearing transaction accounts, time deposits, and demand deposits ◦ The loan to deposit ratio was 70% at September 30, up from 68% in the prior quarter. This continues to be well below the pre-pandemic level of 79% at Dec. 31, 2019 ◦ Assets under management or administration were stable at $129.3 billion ($Billion) Q3 2026 Quarterly Sequential Quarterly YOY Period End Loans $27.7 2.4% 11.5% Average Loans $27.2 1.7% 9.7% Period End Deposits $39.5 (0.8)% 2.7% Average Deposits $39.5 0.8% 2.7% Fiduciary Assets $78.1 (1.0)% 5.8% Assets Under Management or Administration $129.3 0% 5.4%

 

Loan Portfolio • Total Commercial loans grew $358 million or 2.2% sequentially, led by growth in the energy and mortgage finance portfolios • Combined Services & General Business (Core C&I) balances increased $15 million or 0.2% linked quarter • Energy balances increased $264 million or 8.6% driven by both higher utilization across existing relationships and solid new production • Healthcare balances decreased $59 million or 1.4% linked quarter • Commercial Real Estate loans increased $248 million or 4.2% as commitments from the prior few quarters begin to fund 6 ($Million) Sep 30, 2026 June 30, 2026 Sep. 30, 2025 Seq. Loan Growth YOY Loan Growth Energy $ 3,316.6 $ 3,052.7 $ 2,681.5 8.6% 23.7% Services 4,071.3 4,099.9 3,710.6 (0.7)% 9.7% Healthcare 4,025.2 4,083.8 3,878.5 (1.4)% 3.8% Mortgage Finance 589.0 451.8 84.3 30.4% N/A General Business 4,653.2 4,609.3 4,158.0 1.0% 11.9% Total Commercial $ 16,655.2 $ 16,297.4 $ 14,512.9 2.2% 14.8% Multifamily $ 2,550.1 $ 2,570.2 $ 2,500.3 (0.8)% 2.0% Industrial 1,449.0 1,283.3 1,396.8 12.9% 3.7% Office 840.9 852.7 811.6 (1.4)% 3.6% Retail 706.8 670.9 593.8 5.3% 19.0% Residential Construction and Land Development 112.1 111.7 122.0 0.4% (8.1)% Other Commercial Real Estate 474.5 396.5 328.0 19.7% 44.7% Total Commercial Real Estate $ 6,133.3 $ 5,885.3 $ 5,752.6 4.2% 6.6% Loans to individuals $ 4,941.0 $ 4,900.9 $ 4,599.6 0.8% 7.4% Total Loans $ 27,729.5 $ 27,083.7 $ 24,865.2 2.4% 11.5%

 

Credit Quality Metrics • Credit quality continues to be strong with nonperforming assets, excluding loans guaranteed by U.S. government agencies, totaling $58 million or 0.21% of outstanding loans and repossessed assets • Trailing 12 months net charge-offs at 2 bps with net charge- offs of $886 thousand during Q3 • No provision for credit losses was necessary for the quarter as an improvement in economic forecast assumptions were offset by the impact of loan growth during the quarter • Combined allowance for credit losses of $322 million or 1.16% at quarter end Net Charge-Offs to Average Loans NPA (ex Govt. Guaranteed) as % of Total Loans Annualized 7 Committed Criticized Assets / Tier 1 Capital & Reserves

 

Scott Grauer EVP, Wealth Management Executive 8

 

Fee Income - Markets & Securities Trading Fees • Total Trading revenue, which includes trading related net interest income, decreased $10.0 million to $15.0 million. Trading fee income decreased, reflecting reduced fixed-income trading activity due to a rise in longer-term rates. However, this was partially offset by higher Trading NII Investment Banking Fees • Investment Banking fees increased $4.3 million, largely driven by municipal bond underwriting activity Syndication Fees • Syndication fees decreased $3.4 million to more normal levels, following a very strong second quarter Mortgage Production Revenue • Mortgage production revenue decreased $2.1 million driven by lower production volumes and compressed margins 9 ($Million) Q3 2026 Qtr. Seq. $ Change Qtr. Seq. % Change Qtr. YOY % Change Trading Fees $ (6.3) $ (13.0) (194.8)% (140.7)% Mortgage Servicing 16.6 (0.2) (1.1)% (4.4)% Mortgage Production 0.1 (2.1) (94.5)% (95.0)% Customer Hedging Fees 5.8 (0.9) (14.0)% 0.9% Brokerage Fees 5.7 — 0.1% (3.1)% Syndication Fees 4.0 (3.4) (45.9)% (4.5)% Investment Banking Fees 10.2 4.3 73.6% (14.1)% Markets & Securities $ 36.2 (15.2) (29.6)% (42.6)% ($Million) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Trading Fees $ (6.3) $ 6.7 $ 19.3 $ 20.9 $ 15.5 Trading NII 21.3 18.3 15.4 13.2 14.3 Total Trading Revenue $ 15.0 $ 25.0 $ 34.7 $ 34.1 $ 29.8 A A Total Trading Revenue A + B B

 

Fee Income - Asset Management & Transactions • Fiduciary and asset management revenue decreased $1.1 million. The second quarter included seasonal tax preparation fees of approximately $1.7 million. Excluding these fees, core fiduciary and asset management revenue grew linked quarter • Assets under management or administration (“AUMA”) were stable during the quarter • Transaction card revenue contributed $32.2 million to revenue during the third quarter, representing record quarterly revenue for the business line 10 ($Million) Q3 2026 Qtr. Seq. $ Change Qtr. Seq. % Change Qtr. YOY % Change Markets & Securities $ 36.2 $ (15.2) (29.6)% (42.6)% Fiduciary & Asset Management 69.9 (1.1) (1.6)% 9.4% Transaction Card 32.2 0.6 1.9% 9.3% Deposit Service Charges & Fees 34.1 0.8 2.4% 7.0% Other Revenue 15.6 0.9 6.4% (3.9)% Asset Management & Transactions 151.8 1.2 0.8% 7.3% Total Fees & Commissions $ 188.0 $ (14.0) (6.9)% (8.1)% 2+1 1 2

 

Marty Grunst EVP, Chief Financial Officer 11

 

Yields, Rate & Margin Net Interest Income • Net interest income grew $18.1 million linked quarter while core net interest income, excluding trading, increased $15.1 million* Net Interest Margin • 9 basis point NIM increase with core net interest margin, excluding trading,* expanding 8 basis points. Core margin benefitted from loan growth and fixed-rate asset repricing 12 ($Million) Q3 2026 Q2 2026 Q3 2025 Quarterly Sequential Quarterly YOY Net Interest Income $370.0 $351.8 $337.6 5.2% 9.6% Net Interest Margin 3.00% 2.91% 2.91% 9 bps 9 bps Yield on Loans 6.24% 6.20% 6.70% 4 bps (46) bps Tax-equivalent Yield on Earning Assets 5.37% 5.27% 5.53% 10 bps (16) bps Cost of Interest-bearing Deposits 2.70% 2.67% 3.14% 3 bps (44) bps Rate on Interest- bearing Liabilities 2.96% 2.93% 3.33% 3 bps (37) bps Net Interest Income ($Million) Net Interest Margin * Non-GAAP measure

 

Expenses • Personnel expenses were relatively consistent with the prior quarter. Deferred compensation costs, which are offset in Other gains and losses, decreased $7.4 million. Excluding deferred compensation, personnel expenses increased $6.5 million • Regular compensation increased $3.2 million, largely reflecting strategic investments in talent for revenue producers • Cash-based incentive compensation increased $1.2 million, primarily related to higher loan production during the quarter • Employee benefit costs increased $1.1 million. Higher employee healthcare costs were partially offset by seasonal decreases in payroll taxes 13 ($Million) Q3 2026 Q2 2026 Q3 2025 Quarterly Sequential Quarterly YOY Total Personnel Expense $213.3 $214.1 $226.3 (0.4)% (5.8)% Memo: Deferred compensation** 1.7 9.1 5.8 N/A N/A Total Personnel Expense (Excluding Deferred Compensation) $211.5 $205.0 $220.5 3.2% (4.1)% Non-Personnel Expense $147.4 $147.6 $143.4 (0.1)% 2.8% Total Operating Expense $360.7 $361.7 $369.8 (0.3)% (2.5)% Efficiency Ratio* 63.5% 60.2% 66.7% Adjusted Efficiency Ratio* 63.5% 63.5% 66.9% * Non-GAAP measure **Other gains and losses, net includes deferred compensation gains of $1.8 million in Q3 2026, gains of $8.8 million in Q2 2026, and gains of $4.5 million in Q3 2025.

 

2026 Full Year Outlook 14 Bold represents changes compared to the prior quarter. *Refer to Slide #2 regarding forward looking statements, expectations above assume no change to economic environment. **Non-GAAP measure. Refer to Form-10K furnished on February 18, 2026. Business Driver 2025 Actuals FY '26 As of 10/20/26* Notes EOP Loans $25.7 billion Over 10% EOP Inv Securities $15.4 billion Flat Net Interest Income $1.3 billion $1.43 to $1.44 billion Reflects one Fed Funds increase through year-end 2026 and longer-term rates consistent with the current market-implied forward curve Fees & Commissions $801 million Over $800 million Reflects impact of the rate environment on our market-sensitive businesses Total Revenue $2.2 billion Mid single-digit growth rate Expenses $1.4 billion ~1% growth Efficiency Ratio** 65.1% ~62% Adjusted to exclude Visa Class B gain, the efficiency ratio guidance would be ~63% Provision Expense $2 million Below $10 million

 

Question & Answer Session 15

 

Stacy Kymes Chief Executive Officer 16

 

Appendix 17

 

Credit Resilience Disciplined Credit Concentration • CRE limit on total committed balances is 185% of tier one capital plus reserves • Office CRE outstandings only comprise 3% of total loans 18 100 year history in energy lending and a tested playbook • 72% oil / 28% gas-weighted borrowers • Robust stress testing process with 18 petroleum engineers and analysts on staff * '26 YTD has been annualized for comparability with prior periods.

 

Securities and Interest Rate Risk Position Interest Rate Risk • Approximately 77% of the total loan portfolio is variable rate or fixed rate that reprice within a year • Approximately 85% of Commercial and Commercial Real Estate portfolios are variable rate or fixed rate that reprice within a year • Sensitivity to betas - The impact of decreasing our deposit beta by 10% in a down -100 interest rate scenario is 0.18% on NII 19 Scenario ∆ NII % ∆ NII $ Down 200 Ramp, year 1 1.80% $28.7 million Down 100 Ramp, year 1 0.76% $12.2 million Up 100 Ramp, year 1 (0.35)% $(5.7) million Up 200 Ramp, year 1 (1.80)% $(28.8) million Securities Portfolio • Short duration with limited extension, current portfolio duration is 3.4 years, extending to only 3.8 years if rates increase 200 bps • RMBS portfolio is all "AAA" rated with average credit enhancement of ~18% • Portfolio runoff for Q3 2026 was $770 million Govt/GSE Guaranteed RMBS Muni BOKF Securities by Guarantee Type 09/30/2026

 

Quarterly Financial Summary 20

 

Quarterly Financial Summary cont. 21

 

 

Source: View Original Filing on SEC EDGAR

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