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Fees and Commissions Revenue Fees and Commissions Revenue
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Fees and Commissions Revenue [Text Block] Fees and Commissions Revenue
Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps:

•Identify the contract with a customer
•Identify the performance obligations in the contract
•Determine the transaction price
•Allocate the transaction price to the performance obligations in the contract
•Recognize revenue when (or as) the Company satisfies a performance obligation

For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer, and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices.

Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others.
 
Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage, and investment banking. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange, and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates, or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds, and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represents fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage.
 
Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer's transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes BOKF, NA. Electronic funds transfer fees are recognized as electronic transactions processed on behalf of its members. 
 
Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory, and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided.
 
Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charge, and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed.

Mortgage banking revenue includes revenues recognized in conjunction with the origination, marketing, and servicing of conventional and government-sponsored residential mortgage loans. Mortgage production revenue includes net realized gains (losses) on sales of residential mortgage loans in the secondary market and the net change in unrealized gains (losses) on residential mortgage loans held for sale. Mortgage production revenue also includes changes in the fair value of derivative contracts not designated as hedging instruments related to residential mortgage loan commitments and forward sales contracts. Mortgage servicing revenue includes servicing fee income and late charges on loans serviced for others.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended September 30, 2024 (in thousands):
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $23,642 $— $23,642 $23,642 $— 
Customer hedging revenue
3,835 — 2,812 780 7,427 7,427 — 
Retail brokerage revenue
— — 4,924 — 4,924 — 4,924 
Investment banking revenue
3,988 — 10,410 — 14,398 3,630 10,768 
Brokerage and trading revenue
7,823 — 41,788 780 50,391 34,699 15,692 
TransFund EFT network revenue23,111 779 (21)5 23,874 — 23,874 
Merchant services revenue2,461 8 — — 2,469 — 2,469 
Corporate card revenue1,927 — 134 91 2,152 — 2,152 
Transaction card revenue27,499 787 113 96 28,495 — 28,495 
Personal trust revenue— — 25,014 — 25,014 — 25,014 
Corporate trust revenue— — 9,091 — 9,091 — 9,091 
Institutional trust & retirement plan services revenue
— — 17,057 (1)17,056 — 17,056 
Investment management services and other revenue
— — 6,223 — 6,223 — 6,223 
Fiduciary and asset management revenue
— — 57,385 (1)57,384 — 57,384 
Commercial account service charge revenue
15,768 550 578 — 16,896 — 16,896 
Overdraft fee revenue30 5,805 41 — 5,876 — 5,876 
Check card revenue
— 6,154 — — 6,154 — 6,154 
Automated service charge and other deposit fee revenue
257 1,187 80 — 1,524 — 1,524 
Deposit service charges and fees
16,055 13,696 699 — 30,450 — 30,450 
Mortgage production revenue— 1,563 — — 1,563 1,563 — 
Mortgage servicing revenue— 17,573 — (764)16,809 16,809 — 
Mortgage banking revenue— 19,136 — (764)18,372 18,372 — 
Other revenue4,488 3,080 12,472 (2,638)17,402 10,382 7,020 
Total fees and commissions revenue
$55,865 $36,699 $112,457 $(2,527)$202,494 $63,453 $139,041 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the nine months ended September 30, 2024 (in thousands):
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $88,794 $— $88,794 $88,794 $— 
Customer hedging revenue
10,986 — 7,879 1,652 20,517 20,517 — 
Retail brokerage revenue
— — 14,455 — 14,455 — 14,455 
Investment banking revenue
11,913 — 26,908 — 38,821 10,666 28,155 
Brokerage and trading revenue
22,899 — 138,036 1,652 162,587 119,977 42,610 
TransFund EFT network revenue65,460 2,381 (58)5 67,788 — 67,788 
Merchant services revenue7,143 25 — — 7,168 — 7,168 
Corporate card revenue5,533 — 474 271 6,278 — 6,278 
Transaction card revenue78,136 2,406 416 276 81,234 — 81,234 
Personal trust revenue— — 76,129 — 76,129 — 76,129 
Corporate trust revenue— — 26,997 — 26,997 — 26,997 
Institutional trust & retirement plan services revenue
— — 49,723 — 49,723 — 49,723 
Investment management services and other revenue
— — 17,416 — 17,416 — 17,416 
Fiduciary and asset management revenue— — 170,265 — 170,265 — 170,265 
Commercial account service charge revenue
46,063 1,633 1,727 — 49,423 — 49,423 
Overdraft fee revenue93 16,573 103 — 16,769 — 16,769 
Check card revenue
— 17,873 — — 17,873 — 17,873 
Automated service charge and other deposit fee revenue
785 3,612 245 — 4,642 — 4,642 
Deposit service charges and fees
46,941 39,691 2,075 — 88,707 — 88,707 
Mortgage production revenue— 7,457 — — 7,457 7,457 — 
Mortgage servicing revenue— 50,652 — (2,142)48,510 48,510 — 
Mortgage banking revenue— 58,109 — (2,142)55,967 55,967 — 
Other revenue12,239 8,952 33,577 (10,443)44,325 26,695 17,630 
Total fees and commissions revenue
$160,215 $109,158 $344,369 $(10,657)$603,085 $202,639 $400,446 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended September 30, 2023 (in thousands):
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $34,461 $(1)$34,460 $34,460 $— 
Customer hedging revenue
7,403 — (141)(407)6,855 6,855 — 
Retail brokerage revenue
— — 4,357 — 4,357 — 4,357 
Insurance brokerage revenue
— — 2,703 — 2,703 — 2,703 
Investment banking revenue
4,508 — 9,428 1 13,937 3,823 10,114 
Brokerage and trading revenue
11,911 — 50,808 (407)62,312 45,138 17,174 
TransFund EFT network revenue21,038 875 (18)1 21,896 — 21,896 
Merchant services revenue2,430 8 — — 2,438 — 2,438 
Corporate card revenue1,768 — 179 106 2,053 — 2,053 
Transaction card revenue25,236 883 161 107 26,387 — 26,387 
Personal trust revenue— — 22,890 (1)22,889 — 22,889 
Corporate trust revenue— — 8,713 — 8,713 — 8,713 
Institutional trust & retirement plan services revenue
— — 16,883 — 16,883 — 16,883 
Investment management services and other revenue
— — 3,769 2 3,771 — 3,771 
Fiduciary and asset management revenue
— — 52,255 1 52,256 — 52,256 
Commercial account service charge revenue
13,687 524 496 2 14,709 — 14,709 
Overdraft fee revenue26 5,427 39 — 5,492 — 5,492 
Check card revenue
— 5,926 — 2 5,928 — 5,928 
Automated service charge and other deposit fee revenue
285 1,255 10 (3)1,547 — 1,547 
Deposit service charges and fees
13,998 13,132 545 1 27,676 — 27,676 
Mortgage production revenue— (1,887)— — (1,887)(1,887)— 
Mortgage servicing revenue— 15,861 — (618)15,243 15,243 — 
Mortgage banking revenue— 13,974 — (618)13,356 13,356 — 
Other revenue6,713 2,726 19,845 (13,419)15,865 9,236 6,629 
Total fees and commissions revenue
$57,858 $30,715 $123,614 $(14,335)$197,852 $67,730 $130,122 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the nine months ended September 30, 2023 (in thousands):

CommercialConsumerWealth Management
Funds Management & Other
Consolidated
Out of Scope1
In Scope2
Trading revenue$— $— $98,980 $(1)$98,979 $98,979 $— 
Customer hedging revenue
26,729 — (200)2,322 28,851 28,851 — 
Retail brokerage revenue
— — 11,522 — 11,522 — 11,522 
Insurance brokerage revenue
— — 8,866 — 8,866 — 8,866 
Investment banking revenue
11,720 — 19,775 1 31,496 10,873 20,623 
Brokerage and trading revenue
38,449 — 138,943 2,322 179,714 138,703 41,011 
TransFund EFT network revenue62,020 2,690 (52)5 64,663 — 64,663 
Merchant services revenue7,074 26 — — 7,100 — 7,100 
Corporate card revenue5,387 — 540 321 6,248 — 6,248 
Transaction card revenue74,481 2,716 488 326 78,011 — 78,011 
Personal trust revenue— — 71,732 (1)71,731 — 71,731 
Corporate trust revenue— — 23,574 — 23,574 — 23,574 
Institutional trust & retirement plan services revenue
— — 43,843 — 43,843 — 43,843 
Investment management services and other revenue
— — 16,782 (20)16,762 — 16,762 
Fiduciary and asset management revenue
— — 155,931 (21)155,910 — 155,910 
Commercial account service charge revenue
39,922 1,553 1,461 — 42,936 — 42,936 
Overdraft fee revenue83 15,321 101 1 15,506 — 15,506 
Check card revenue
— 17,540 — 2 17,542 — 17,542 
Automated service charge and other deposit fee revenue
789 3,801 172 (2)4,760 — 4,760 
Deposit service charges and fees
40,794 38,215 1,734 1 80,744 — 80,744 
Mortgage production revenue— (2,804)— — (2,804)(2,804)— 
Mortgage servicing revenue— 47,412 — (1,744)45,668 45,668 — 
Mortgage banking revenue— 44,608 — (1,744)42,864 42,864 — 
Other revenue19,673 8,118 58,479 (39,185)47,085 25,963 21,122 
Total fees and commissions revenue
$173,397 $93,657 $355,575 $(38,301)$584,328 $207,530 $376,798 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.