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Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Reportable Segments [Table Text Block]

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended September 30, 2024, is as follows (in thousands):

						Commercial						Consumer						Wealth Management						Funds Management and Other						BOK Financial Consolidated
Net interest income from external sources						$	277,777					$	5,955					$	10,640					$	13,747					$	308,119
Net interest income (expense) from internal sources						(70,167)						59,308						22,545						(11,686)						—
Net interest income						207,610						65,263						33,185						2,061						308,119
Net loans charged off (recovered) and provision for credit losses						(1,329)						1,779						(159)						1,709						2,000
Net interest income after provision for credit losses						208,939						63,484						33,344						352						306,119
Other operating revenue						59,320						36,699						112,457						(284)						208,192
Other operating expense						78,387						57,779						93,539						111,320						341,025
Net direct contribution						189,872						42,404						52,262						(111,252)						173,286
Gain (loss) on financial instruments, net						162						12,121						—						(12,283)						—
Change in fair value of mortgage servicing rights						—						(16,453)						—						16,453						—
Gain on repossessed assets, net						—						—						—						—						—
Corporate expense allocations						17,371						13,298						13,458						(44,127)						—
Net income before taxes						172,663						24,774						38,804						(62,955)						173,286
Federal and state income taxes						42,809						5,826						9,188						(24,510)						33,313
Net income						129,854						18,948						29,616						(38,445)						139,973
Net income attributable to non-controlling interests						—						—						—						(26)						(26)
Net income attributable to BOK Financial Corp. shareholders						$	129,854					$	18,948					$	29,616					$	(38,419)					$	139,999
Average assets						$	30,657,285					$	9,804,990					$	16,344,623					$	(5,649,863)					$	51,157,035

Reportable segments reconciliation to the Consolidated Financial Statements for the nine months ended September 30, 2024, is as follows (in thousands):

						Commercial						Consumer						Wealth Management						Funds Management and Other						BOK Financial Consolidated
Net interest income from external sources						$	843,882					$	19,497					$	20,251					$	14,082					$	897,712
Net interest income (expense) from internal sources						(228,521)						175,065						70,833						(17,377)						—
Net interest income						615,361						194,562						91,084						(3,295)						897,712
Net loans charged off (recovered) and provision for credit losses						8,965						4,834						(174)						4,375						18,000
Net interest income after provision for credit losses						606,396						189,728						91,258						(7,670)						879,712
Other operating revenue						163,862						109,158						344,369						12,208						629,597
Other operating expense						224,596						166,354						283,041						344,108						1,018,099
Net direct contribution						545,662						132,532						152,586						(339,570)						491,210
Gain (loss) on financial instruments, net						497						(1,119)						—						622						—
Change in fair value of mortgage servicing rights						—						(2,023)						—						2,023						—
Gain on repossessed assets, net						—						116						—						(116)						—
Corporate expense allocations						53,149						40,862						44,721						(138,732)						—
Net income (loss) before taxes						493,010						88,644						107,865						(198,309)						491,210
Federal and state income taxes						121,780						20,848						25,524						(64,341)						103,811
Net income						371,230						67,796						82,341						(133,968)						387,399
Net income attributable to non-controlling interests						—						—						—						(16)						(16)
Net income attributable to BOK Financial Corp. shareholders						$	371,230					$	67,796					$	82,341					$	(133,952)					$	387,415
Average assets						$	30,258,034					$	9,609,862					$	16,185,931					$	(5,259,231)					$	50,794,596

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended September 30, 2023, is as follows (in thousands):

						Commercial						Consumer						Wealth Management						Funds Management and Other						BOK Financial Consolidated
Net interest income from external sources						$	298,313					$	11,386					$	7,622					$	(16,425)					$	300,896
Net interest income (expense) from internal sources						(84,170)						54,992						15,045						14,133						—
Net interest income						214,143						66,378						22,667						(2,292)						300,896
Net loans charged off (recovered) and provision for credit losses						4,904						(73)						9						2,160						7,000
Net interest income after provision for credit losses						209,239						66,451						22,658						(4,452)						293,896
Other operating revenue						59,153						30,716						123,614						(15,331)						198,152
Other operating expense						83,256						54,497						89,108						97,452						324,313
Net direct contribution						185,136						42,670						57,164						(117,235)						167,735
Gain (loss) on financial instruments, net						(11)						(9,183)						—						9,194						—
Change in fair value of mortgage servicing rights						—						8,039						—						(8,039)						—
Gain on repossessed assets, net						(268)						11						—						257						—
Corporate expense allocations						17,838						11,920						14,562						(44,320)						—
Net income before taxes						167,019						29,617						42,602						(71,503)						167,735
Federal and state income taxes						41,081						6,966						10,083						(24,874)						33,256
Net income						125,938						22,651						32,519						(46,629)						134,479
Net income attributable to non-controlling interests						—						—						—						(16)						(16)
Net income attributable to BOK Financial Corp. shareholders						$	125,938					$	22,651					$	32,519					$	(46,613)					$	134,495
Average assets						$	28,867,129					$	9,379,478					$	14,740,641					$	(3,667,696)					$	49,319,552

Reportable segments reconciliation to the Consolidated Financial Statements for the nine months ended September 30, 2023, is as follows (in thousands):

						Commercial						Consumer						Wealth Management						Funds Management and Other						BOK Financial Consolidated
Net interest income from external sources						$	886,283					$	50,360					$	32,977					$	5,885					$	975,505
Net interest income (expense) from internal sources						(223,305)						151,315						59,131						12,859						—
Net interest income						662,978						201,675						92,108						18,744						975,505
Net loans charged off (recovered) and provision for credit losses						10,980						2,240						(60)						26,840						40,000
Net interest income after provision for credit losses						651,998						199,435						92,168						(8,096)						935,505
Other operating revenue						184,826						93,603						355,568						(48,931)						585,066
Other operating expense						233,949						157,035						255,450						302,364						948,798
Net direct contribution						602,875						136,003						192,286						(359,391)						571,773
Gain (loss) on financial instruments, net						162						(24,113)						—						23,951						—
Change in fair value of mortgage servicing rights						—						11,241						—						(11,241)						—
Gain on repossessed assets, net						999						25						—						(1,024)						—
Corporate expense allocations						56,960						35,860						39,871						(132,691)						—
Net income before taxes						547,076						87,296						152,415						(215,014)						571,773
Federal and state income taxes						133,691						20,532						36,010						(67,071)						123,162
Net income						413,385						66,764						116,405						(147,943)						448,611
Net income attributable to non-controlling interests						—						—						—						440						440
Net income attributable to BOK Financial Corp. shareholders						$	413,385					$	66,764					$	116,405					$	(148,383)					$	448,171
Average assets						$	28,402,890					$	9,635,204					$	13,128,925					$	(3,418,086)					$	47,748,933

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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- References

No definition available.

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