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Reportable Segments | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Reportable Segments [Text Block] | Reportable Segments Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2023 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest revenue from external sources |  | $ | 299,712 |  |  | $ | 17,828 |  |  | $ | 4,415 |  |  | $ | 306 |  |  | $ | 322,261 |
Net interest revenue (expense) from internal sources |  | (39,613) |  |  | 95,563 |  |  | 44,937 |  |  | (100,887) |  |  | — |
Net interest revenue (expense) |  | 260,099 |  |  | 113,391 |  |  | 49,352 |  |  | (100,581) |  |  | 322,261 |
Net loans charged off and provision for credit losses |  | 6,000 |  |  | 1,129 |  |  | (45) |  |  | 9,916 |  |  | 17,000 |
Net interest revenue after provision for credit losses |  | 254,099 |  |  | 112,262 |  |  | 49,397 |  |  | (110,497) |  |  | 305,261 |
Other operating revenue |  | 68,828 |  |  | 32,277 |  |  | 123,043 |  |  | (15,099) |  |  | 209,049 |
Other operating expense |  | 77,479 |  |  | 52,340 |  |  | 84,859 |  |  | 103,995 |  |  | 318,673 |
Net direct contribution |  | 245,448 |  |  | 92,199 |  |  | 87,581 |  |  | (229,591) |  |  | 195,637 |
Gain (loss) on financial instruments, net |  | 231 |  |  | (10,257) |  |  | — |  |  | 10,026 |  |  | — |
Change in fair value of mortgage servicing rights |  | — |  |  | 9,261 |  |  | — |  |  | (9,261) |  |  | — |
Gain (loss) on repossessed assets, net |  | 408 |  |  | — |  |  | — |  |  | (408) |  |  | — |
Corporate expense allocations |  | 21,404 |  |  | 12,318 |  |  | 12,574 |  |  | (46,296) |  |  | — |
Net income (loss) before taxes |  | 224,683 |  |  | 78,885 |  |  | 75,007 |  |  | (182,938) |  |  | 195,637 |
Federal and state income taxes |  | 54,504 |  |  | 18,553 |  |  | 17,690 |  |  | (46,746) |  |  | 44,001 |
Net income (loss) |  | 170,179 |  |  | 60,332 |  |  | 57,317 |  |  | (136,192) |  |  | 151,636 |
Net income attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 328 |  |  | 328 |
Net income (loss) attributable to BOK Financial Corp. shareholders |  | $ | 170,179 |  |  | $ | 60,332 |  |  | $ | 57,317 |  |  | $ | (136,520) |  |  | $ | 151,308 |
Average assets |  | $ | 28,170,869 |  |  | $ | 9,597,723 |  |  | $ | 12,949,258 |  |  | $ | (2,809,743) |  |  | $ | 47,908,107 |
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2023 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest revenue from external sources |  | $ | 587,970 |  |  | $ | 38,974 |  |  | $ | 25,355 |  |  | $ | 22,310 |  |  | $ | 674,609 |
Net interest revenue (expense) from internal sources |  | (60,714) |  |  | 183,798 |  |  | 78,103 |  |  | (201,187) |  |  | — |
Net interest revenue |  | 527,256 |  |  | 222,772 |  |  | 103,458 |  |  | (178,877) |  |  | 674,609 |
Net loans charged off and provision for credit losses |  | 6,076 |  |  | 2,313 |  |  | (69) |  |  | 24,680 |  |  | 33,000 |
Net interest revenue after provision for credit losses |  | 521,180 |  |  | 220,459 |  |  | 103,527 |  |  | (203,557) |  |  | 641,609 |
Other operating revenue |  | 125,673 |  |  | 62,887 |  |  | 231,954 |  |  | (33,600) |  |  | 386,914 |
Other operating expense |  | 150,613 |  |  | 102,538 |  |  | 166,898 |  |  | 204,436 |  |  | 624,485 |
Net direct contribution |  | 496,240 |  |  | 180,808 |  |  | 168,583 |  |  | (441,593) |  |  | 404,038 |
Gain (loss) on financial instruments, net |  | 173 |  |  | (14,930) |  |  | — |  |  | 14,757 |  |  | — |
Change in fair value of mortgage servicing rights |  | — |  |  | 3,202 |  |  | — |  |  | (3,202) |  |  | — |
Gain (loss) on repossessed assets, net |  | 1,267 |  |  | 14 |  |  | — |  |  | (1,281) |  |  | — |
Corporate expense allocations |  | 39,122 |  |  | 23,940 |  |  | 24,934 |  |  | (87,996) |  |  | — |
Net income (loss) before taxes |  | 458,558 |  |  | 145,154 |  |  | 143,649 |  |  | (343,323) |  |  | 404,038 |
Federal and state income taxes |  | 111,073 |  |  | 34,139 |  |  | 33,885 |  |  | (89,191) |  |  | 89,906 |
Net income (loss) |  | 347,485 |  |  | 111,015 |  |  | 109,764 |  |  | (254,132) |  |  | 314,132 |
Net income attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 456 |  |  | 456 |
Net income (loss) attributable to BOK Financial Corp. shareholders |  | $ | 347,485 |  |  | $ | 111,015 |  |  | $ | 109,764 |  |  | $ | (254,588) |  |  | $ | 313,676 |
Average assets |  | $ | 28,166,923 |  |  | $ | 9,765,186 |  |  | $ | 12,309,730 |  |  | $ | (3,291,232) |  |  | $ | 46,950,607 |
Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2022 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest revenue from external sources |  | $ | 172,995 |  |  | $ | 16,784 |  |  | $ | 39,412 |  |  | $ | 44,827 |  |  | $ | 274,018 |
Net interest revenue (expense) from internal sources |  | (6,452) |  |  | 17,002 |  |  | (1,665) |  |  | (8,885) |  |  | — |
Net interest revenue |  | 166,543 |  |  | 33,786 |  |  | 37,747 |  |  | 35,942 |  |  | 274,018 |
Net loans charged off and provision for credit losses |  | (1,502) |  |  | 1,196 |  |  | (60) |  |  | 366 |  |  | — |
Net interest revenue after provision for credit losses |  | 168,045 |  |  | 32,590 |  |  | 37,807 |  |  | 35,576 |  |  | 274,018 |
Other operating revenue |  | 61,688 |  |  | 30,089 |  |  | 86,761 |  |  | (9,921) |  |  | 168,617 |
Other operating expense |  | 69,631 |  |  | 52,660 |  |  | 76,393 |  |  | 74,971 |  |  | 273,655 |
Net direct contribution |  | 160,102 |  |  | 10,019 |  |  | 48,175 |  |  | (49,316) |  |  | 168,980 |
Gain (loss) on financial instruments, net |  | 61 |  |  | (15,860) |  |  | — |  |  | 15,799 |  |  | — |
Change in fair value of mortgage servicing rights |  | — |  |  | 17,485 |  |  | — |  |  | (17,485) |  |  | — |
Gain (loss) on repossessed assets, net |  | (4,515) |  |  | 93 |  |  | — |  |  | 4,422 |  |  | — |
Corporate expense allocations |  | 16,617 |  |  | 10,120 |  |  | 12,503 |  |  | (39,240) |  |  | — |
Net income before taxes |  | 139,031 |  |  | 1,617 |  |  | 35,672 |  |  | (7,340) |  |  | 168,980 |
Federal and state income taxes |  | 33,916 |  |  | 378 |  |  | 8,385 |  |  | (6,557) |  |  | 36,122 |
Net income |  | 105,115 |  |  | 1,239 |  |  | 27,287 |  |  | (783) |  |  | 132,858 |
Net loss attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 12 |  |  | 12 |
Net income attributable to BOK Financial Corp. shareholders |  | $ | 105,115 |  |  | $ | 1,239 |  |  | $ | 27,287 |  |  | $ | (795) |  |  | $ | 132,846 |
Average assets |  | $ | 29,269,712 |  |  | $ | 10,338,191 |  |  | $ | 16,902,721 |  |  | $ | (9,222,090) |  |  | $ | 47,288,534 |
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2022 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest revenue from external sources |  | $ | 320,585 |  |  | $ | 33,699 |  |  | $ | 95,643 |  |  | $ | 92,502 |  |  | $ | 542,429 |
Net interest revenue (expense) from internal sources |  | (17,031) |  |  | 27,294 |  |  | (2,130) |  |  | (8,133) |  |  | — |
Net interest revenue |  | 303,554 |  |  | 60,993 |  |  | 93,513 |  |  | 84,369 |  |  | 542,429 |
Net loans charged off and provision for credit losses |  | 3,841 |  |  | 2,308 |  |  | (131) |  |  | (6,018) |  |  | — |
Net interest revenue after provision for credit losses |  | 299,713 |  |  | 58,685 |  |  | 93,644 |  |  | 90,387 |  |  | 542,429 |
Other operating revenue |  | 119,115 |  |  | 64,050 |  |  | 111,779 |  |  | (38,471) |  |  | 256,473 |
Other operating expense |  | 134,521 |  |  | 101,449 |  |  | 151,012 |  |  | 164,291 |  |  | 551,273 |
Net direct contribution |  | 284,307 |  |  | 21,286 |  |  | 54,411 |  |  | (112,375) |  |  | 247,629 |
Gain (loss) on financial instruments, net |  | (143) |  |  | (73,755) |  |  | — |  |  | 73,898 |  |  | — |
Change in fair value of mortgage servicing rights |  | — |  |  | 66,595 |  |  | — |  |  | (66,595) |  |  | — |
Gain (loss) on repossessed assets, net |  | (2,722) |  |  | 138 |  |  | — |  |  | 2,584 |  |  | — |
Corporate expense allocations |  | 32,847 |  |  | 22,200 |  |  | 24,575 |  |  | (79,622) |  |  | — |
Net income before taxes |  | 248,595 |  |  | (7,936) |  |  | 29,836 |  |  | (22,866) |  |  | 247,629 |
Federal and state income taxes |  | 60,951 |  |  | (1,858) |  |  | 7,070 |  |  | (13,844) |  |  | 52,319 |
Net income |  | 187,644 |  |  | (6,078) |  |  | 22,766 |  |  | (9,022) |  |  | 195,310 |
Net loss attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | (24) |  |  | (24) |
Net income attributable to BOK Financial Corp. shareholders |  | $ | 187,644 |  |  | $ | (6,078) |  |  | $ | 22,766 |  |  | $ | (8,998) |  |  | $ | 195,334 |
Average assets |  | $ | 29,545,278 |  |  | $ | 10,306,218 |  |  | $ | 19,101,045 |  |  | $ | (10,036,777) |  |  | $ | 48,915,764 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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