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v3.24.2

Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Reportable Segments [Table Text Block] | Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2024 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest income from external sources |  | $ | 283,328 |  |  | $ | 6,192 |  |  | $ | 2,612 |  |  | $ | 3,889 |  |  | $ | 296,021 |
Net interest income (expense) from internal sources |  | (79,593) |  |  | 58,972 |  |  | 26,889 |  |  | (6,268) |  |  | — |
Net interest income |  | 203,735 |  |  | 65,164 |  |  | 29,501 |  |  | (2,379) |  |  | 296,021 |
Net loans charged off and provision for credit losses |  | 6,134 |  |  | 1,247 |  |  | — |  |  | 619 |  |  | 8,000 |
Net interest income after provision for credit losses |  | 197,601 |  |  | 63,917 |  |  | 29,501 |  |  | (2,998) |  |  | 288,021 |
Other operating revenue |  | 54,536 |  |  | 36,252 |  |  | 113,208 |  |  | 55,708 |  |  | 259,704 |
Other operating expense |  | 76,114 |  |  | 55,128 |  |  | 90,214 |  |  | 115,234 |  |  | 336,690 |
Net direct contribution |  | 176,023 |  |  | 45,041 |  |  | 52,495 |  |  | (62,524) |  |  | 211,035 |
Gain (loss) on financial instruments, net |  | 168 |  |  | (3,577) |  |  | — |  |  | 3,409 |  |  | — |
Change in fair value of mortgage servicing rights |  | — |  |  | 3,453 |  |  | — |  |  | (3,453) |  |  | — |
Gain on repossessed assets, net |  | — |  |  | 9 |  |  | — |  |  | (9) |  |  | — |
Corporate expense allocations |  | 17,381 |  |  | 13,392 |  |  | 16,484 |  |  | (47,257) |  |  | — |
Net income before taxes |  | 158,810 |  |  | 31,534 |  |  | 36,011 |  |  | (15,320) |  |  | 211,035 |
Federal and state income taxes |  | 39,247 |  |  | 7,417 |  |  | 8,514 |  |  | (7,875) |  |  | 47,303 |
Net income |  | 119,563 |  |  | 24,117 |  |  | 27,497 |  |  | (7,445) |  |  | 163,732 |
Net income attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 19 |  |  | 19 |
Net income attributable to BOK Financial Corp. shareholders |  | $ | 119,563 |  |  | $ | 24,117 |  |  | $ | 27,497 |  |  | $ | (7,464) |  |  | $ | 163,713 |
Average assets |  | $ | 30,305,613 |  |  | $ | 9,630,470 |  |  | $ | 16,452,098 |  |  | $ | (5,192,982) |  |  | $ | 51,195,199 |
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2024 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest income from external sources |  | $ | 566,084 |  |  | $ | 13,542 |  |  | $ | 9,611 |  |  | $ | 356 |  |  | $ | 589,593 |
Net interest income (expense) from internal sources |  | (158,354) |  |  | 115,757 |  |  | 48,288 |  |  | (5,691) |  |  | — |
Net interest income |  | 407,730 |  |  | 129,299 |  |  | 57,899 |  |  | (5,335) |  |  | 589,593 |
Net loans charged off and provision for credit losses |  | 10,294 |  |  | 3,055 |  |  | (15) |  |  | 2,666 |  |  | 16,000 |
Net interest income after provision for credit losses |  | 397,436 |  |  | 126,244 |  |  | 57,914 |  |  | (8,001) |  |  | 573,593 |
Other operating revenue |  | 104,542 |  |  | 72,459 |  |  | 231,912 |  |  | 12,492 |  |  | 421,405 |
Other operating expense |  | 146,209 |  |  | 108,575 |  |  | 189,502 |  |  | 232,788 |  |  | 677,074 |
Net direct contribution |  | 355,769 |  |  | 90,128 |  |  | 100,324 |  |  | (228,297) |  |  | 317,924 |
Gain (loss) on financial instruments, net |  | 335 |  |  | (13,240) |  |  | — |  |  | 12,905 |  |  | — |
Change in fair value of mortgage servicing rights |  | — |  |  | 14,430 |  |  | — |  |  | (14,430) |  |  | — |
Gain on repossessed assets, net |  | — |  |  | 116 |  |  | — |  |  | (116) |  |  | — |
Corporate expense allocations |  | 35,778 |  |  | 27,564 |  |  | 31,263 |  |  | (94,605) |  |  | — |
Net income (loss) before taxes |  | 320,326 |  |  | 63,870 |  |  | 69,061 |  |  | (135,333) |  |  | 317,924 |
Federal and state income taxes |  | 78,966 |  |  | 15,022 |  |  | 16,336 |  |  | (39,826) |  |  | 70,498 |
Net income (loss) |  | 241,360 |  |  | 48,848 |  |  | 52,725 |  |  | (95,507) |  |  | 247,426 |
Net income attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 10 |
Net income attributable to BOK Financial Corp. shareholders |  | $ | 241,360 |  |  | $ | 48,848 |  |  | $ | 52,725 |  |  | $ | (95,517) |  |  | $ | 247,416 |
Average assets |  | $ | 30,056,215 |  |  | $ | 9,511,225 |  |  | $ | 16,105,713 |  |  | $ | (5,061,768) |  |  | $ | 50,611,385 |
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 income from external sources |  | $ | 299,712 |  |  | $ | 17,828 |  |  | $ | 4,415 |  |  | $ | 306 |  |  | $ | 322,261 |
Net interest income (expense) from internal sources |  | (77,975) |  |  | 50,260 |  |  | 29,426 |  |  | (1,711) |  |  | — |
Net interest income |  | 221,737 |  |  | 68,088 |  |  | 33,841 |  |  | (1,405) |  |  | 322,261 |
Net loans charged off and provision for credit losses |  | 6,000 |  |  | 1,129 |  |  | (45) |  |  | 9,916 |  |  | 17,000 |
Net interest income after provision for credit losses |  | 215,737 |  |  | 66,959 |  |  | 33,886 |  |  | (11,321) |  |  | 305,261 |
Other operating revenue |  | 68,828 |  |  | 32,277 |  |  | 123,043 |  |  | (15,099) |  |  | 209,049 |
Other operating expense |  | 77,559 |  |  | 52,340 |  |  | 84,587 |  |  | 104,187 |  |  | 318,673 |
Net direct contribution |  | 207,006 |  |  | 46,896 |  |  | 72,342 |  |  | (130,607) |  |  | 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 on repossessed assets, net |  | 408 |  |  | — |  |  | — |  |  | (408) |  |  | — |
Corporate expense allocations |  | 21,404 |  |  | 12,318 |  |  | 12,784 |  |  | (46,506) |  |  | — |
Net income before taxes |  | 186,241 |  |  | 33,582 |  |  | 59,558 |  |  | (83,744) |  |  | 195,637 |
Federal and state income taxes |  | 45,462 |  |  | 7,898 |  |  | 14,056 |  |  | (23,415) |  |  | 44,001 |
Net income |  | 140,779 |  |  | 25,684 |  |  | 45,502 |  |  | (60,329) |  |  | 151,636 |
Net income attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 328 |  |  | 328 |
Net income attributable to BOK Financial Corp. shareholders |  | $ | 140,779 |  |  | $ | 25,684 |  |  | $ | 45,502 |  |  | $ | (60,657) |  |  | $ | 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 income from external sources |  | $ | 587,970 |  |  | $ | 38,974 |  |  | $ | 25,355 |  |  | $ | 22,310 |  |  | $ | 674,609 |
Net interest income (expense) from internal sources |  | (139,134) |  |  | 96,324 |  |  | 44,087 |  |  | (1,277) |  |  | — |
Net interest income |  | 448,836 |  |  | 135,298 |  |  | 69,442 |  |  | 21,033 |  |  | 674,609 |
Net loans charged off and provision for credit losses |  | 6,076 |  |  | 2,313 |  |  | (69) |  |  | 24,680 |  |  | 33,000 |
Net interest income after provision for credit losses |  | 442,760 |  |  | 132,985 |  |  | 69,511 |  |  | (3,647) |  |  | 641,609 |
Other operating revenue |  | 125,673 |  |  | 62,887 |  |  | 231,954 |  |  | (33,600) |  |  | 386,914 |
Other operating expense |  | 150,693 |  |  | 102,538 |  |  | 166,342 |  |  | 204,912 |  |  | 624,485 |
Net direct contribution |  | 417,740 |  |  | 93,334 |  |  | 135,123 |  |  | (242,159) |  |  | 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 on repossessed assets, net |  | 1,267 |  |  | 14 |  |  | — |  |  | (1,281) |  |  | — |
Corporate expense allocations |  | 39,122 |  |  | 23,940 |  |  | 25,310 |  |  | (88,372) |  |  | — |
Net income before taxes |  | 380,058 |  |  | 57,680 |  |  | 109,813 |  |  | (143,513) |  |  | 404,038 |
Federal and state income taxes |  | 92,610 |  |  | 13,566 |  |  | 25,927 |  |  | (42,197) |  |  | 89,906 |
Net income |  | 287,448 |  |  | 44,114 |  |  | 83,886 |  |  | (101,316) |  |  | 314,132 |
Net income attributable to non-controlling interests |  | — |  |  | — |  |  | — |  |  | 456 |  |  | 456 |
Net income attributable to BOK Financial Corp. shareholders |  | $ | 287,448 |  |  | $ | 44,114 |  |  | $ | 83,886 |  |  | $ | (101,772) |  |  | $ | 313,676 |
Average assets |  | $ | 28,166,923 |  |  | $ | 9,765,186 |  |  | $ | 12,309,730 |  |  | $ | (3,291,232) |  |  | $ | 46,950,607 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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