BOK Financial: Q3 Earnings Insights

Shares of BOK Financial (NASDAQ:BOKF) moved higher by 2.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 9.50% over the past year to $2.19, which beat the estimate of $1.56.

Revenue of $505,909,000 up by 8.67% from the same period last year, which beat the estimate of $481,160,000.

Outlook

BOK Financial hasn't issued any earnings guidance for the time being.

BOK Financial hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

Time: 10:00 AM

ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1381843&tp_key=52bcd360a8

Technicals

Company's 52-week high was at $88.28

52-week low: $34.57

Price action over last quarter: Up 2.15%

Company Profile

BOK Financial Corp operates its business through seven subsidiary banks that each focus on unique geography within its eight-state footprint. Roughly 60% of revenue is generated by commercial banking, 25% comes from consumer banking, and the remainder is generated through BOK's wealth management operations. Its keystone subsidiary bank, Bank of Oklahoma, accounts for about 40% of the over $14 billion loan portfolio and more than 50% of its deposits. Another 35% of the bank's loans and 25% of its deposits are within the state of Texas.