Bok Financial Net Income Rises to $176.5 Million
The regional bank reported a net income of $176.5 million for the second quarter of 2026.
Bok Financial (BOKF), the regional bank, reported net income of $176.5 million for the second quarter of 2026.
The result included a $30.9 million pre-tax gain from the exchange of Visa B shares and a $4.6 million loss from the sale of approximately $268 million in lower-yielding available-for-sale securities. Excluding these items, net income would have been $156.5 million, compared to $155.8 million in the prior quarter.
Net interest income rose $9.3 million sequentially to $351.8 million. The net interest margin expanded 1 basis point to 2.91% from 2.90% in the previous quarter, though the core net interest margin, which excludes trading activities, decreased 2 basis points to 3.13%.
Fees and commissions revenue fell $7.8 million sequentially to $202.0 million, as interest rate market volatility led to a $12.7 million decline in trading fees and commissions. This was partially offset by fiduciary and asset management revenue, which grew $4.5 million sequentially to a record $71.0 million.
Total loans increased by $896 million sequentially to $27.1 billion, an 11.5% increase from a year ago. Residential mortgage finance loan balances grew $224 million to $452 million, while commercial real estate loans remained largely unchanged at $5.9 billion.
Deposits rose $1.2 billion to $39.9 billion, driven primarily by an $890 million increase in interest-bearing transaction accounts. Total operating expenses increased $7.5 million to $361.7 million sequentially, though expenses would have decreased $1.4 million excluding the impact of deferred compensation.
Asset quality remained stable as nonperforming assets rose to $63 million from $60 million, holding steady at 0.23% of outstanding loans and repossessed assets. Net charge-offs decreased to $500 thousand, or 0.01% annualized, from $1.9 million in the first quarter.
The company resumed share repurchases during the quarter, buying 2,519 shares at an average price of $129.89 after conducting no repurchases in the prior quarter. The tangible common equity ratio expanded to 9.61% from 9.29%.