BOK Financial (BOKF) investor relations material

Executive summary

• Net income for Q2 2026 was $176.5M ($2.92 per share), up from $155.8M ($2.58 per share) in Q1 2026; adjusted net income was $156.5M ($2.59 per share) excluding Visa B share gain and securities repositioning loss.

• Achieved record quarterly loan growth, with loans up nearly $900M sequentially and 11.5% year-over-year, and record fiduciary/asset management revenue.

• Assets under management or administration increased $5.7B to $129.3B, driven by higher market valuations and customer growth.

• Added over 25 new hires, mainly in Texas, strengthening future growth prospects.

• Entering the second half of the year with strong business momentum and a solid foundation.

Financial highlights

• Net interest income rose to $351.8M, up $9.3M sequentially and 7.2% year-over-year; net interest margin was 2.91%, up 1 bp from Q1 2026.

• Fees and commissions revenue was $202M, down $7.8M sequentially, mainly due to lower trading fees.

• Efficiency ratio improved to 60.2% (63.49% adjusted for Visa gain).

• No provision for credit losses was recorded; allowance for credit losses stood at $323M (1.19% of loans); net charge-offs were $500K (3 bps annualized).

• Recognized a $30.9M pre-tax gain from Visa B share exchange; $4.6M pre-tax loss from securities repositioning.

Outlook and guidance

• Full-year 2026 loan growth expected to exceed 10%.

• Net interest income expected in the upper half of $1.42B–$1.45B range; fee income in lower half of $820M–$845M range.

• Efficiency ratio expected at ~62% (including Visa gain); ~63% adjusted.

• Provision expense for 2026 expected below $20M.

• Management expects continued growth opportunities due to geographic footprint and disciplined approach.