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Reportable Segments | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Reportable Segments [Text Block] | Reportable Segments BOK Financial operates three principal segments: Commercial Banking, Consumer Banking, and Wealth Management, with the remaining operations recorded in Funds Management and Other. Segments are determined based on BOK Financial's organizational structure and services provided. The CODM for BOK Financial is the chief executive officer. The CODM evaluates the performance of our segments using net income before taxes, which includes the allocation of funds and capital costs and certain indirect allocations. Additionally, the CODM primarily relies on the spread between interest revenue and interest expense to assess performance and to make resource allocation decisions where the majority of the segment's revenues are from interest. Therefore, interest revenue is presented net of interest expense. The CODM also reviews budget to actual variances monthly when making decisions about the allocation of operating and capital resources to each segment. Credit costs are attributed to the segments based on net loans charged off or recovered. The difference between credit costs attributed to the segment and the consolidated provision for credit losses is attributed to Funds Management and Other. Modifications of management structure or allocation methodologies may result in changes to previously reported segment data; prior periods have been restated on a comparable basis. See the Reportable Segments section of Management's Discussion and Analysis of Financial Condition and Results of Operations for additional information regarding the Company's reportable segments. Additional information can be found in our most recent Annual Report on Form 10-K. Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2025 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Segment Total |  | Funds Management and Other |  | BOK Financial Corporation
Net interest income from external sources |  | $ | 235,765 |  |  | $ | 13,463 |  |  | $ | 25,654 |  |  | $ | 274,882 |  |  | $ | 53,284 |  |  | $ | 328,166 |
Net interest income (expense) from internal sources |  | (59,939) |  |  | 44,651 |  |  | 19,190 |  |  | 3,902 |  |  | (3,902) |  |  | — |
Net interest income |  | 175,826 |  |  | 58,114 |  |  | 44,844 |  |  | 278,784 |  |  | 49,382 |  |  | 328,166 |
Net loans charged off and provision for credit losses |  | 29 |  |  | 1,018 |  |  | (7) |  |  | 1,040 |  |  | (1,040) |  |  | — |
Net interest income after provision for credit losses |  | 175,797 |  |  | 57,096 |  |  | 44,851 |  |  | 277,744 |  |  | 50,422 |  |  | 328,166 |
Other operating revenue |  | 64,432 |  |  | 38,165 |  |  | 103,650 |  |  | 206,247 |  |  | 851 |  |  | 207,098 |
Personnel expense |  | 49,506 |  |  | 25,527 |  |  | 66,309 |  |  | 141,342 |  |  | 73,369 |  |  | 214,711 |
Non-personnel expense 1 |  | 29,613 |  |  | 29,949 |  |  | 26,972 |  |  | 86,534 |  |  | 53,258 |  |  | 139,792 |
Total other operating expense |  | 79,119 |  |  | 55,476 |  |  | 93,281 |  |  | 227,876 |  |  | 126,627 |  |  | 354,503 |
Corporate allocations 2 |  | 19,535 |  |  | 15,039 |  |  | 14,471 |  |  | 49,045 |  |  | (49,045) |  |  | — |
Net income before taxes |  | $ | 141,575 |  |  | $ | 24,746 |  |  | $ | 40,749 |  |  | $ | 207,070 |  |  | $ | (26,309) |  |  | $ | 180,761 |
Average assets |  | $ | 21,318,236 |  |  | $ | 8,310,875 |  |  | $ | 11,571,187 |  |  | $ | 41,200,298 |  |  | $ | 11,086,654 |  |  | $ | 52,286,952 |
1 Non-personnel expense includes other segment items comprised of Business promotion, Charitable contributions to BOKF Foundation, Professional fees and services, Net occupancy and equipment, FDIC and other insurance, Data processing and communications, Printing, postage, and supplies, Amortization of intangible assets, Mortgage banking costs, and other miscellaneous expenses. 2 Corporate allocations include centrally managed operational and administrative expenses that are allocated to segments. Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2025 is as follows (in thousands):
|  | Commercial |  | Consumer |  | Wealth Management |  | Segment Total |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest income from external sources |  | $ | 467,188 |  |  | $ | 22,203 |  |  | $ | 39,596 |  |  | $ | 528,987 |  |  | $ | 115,430 |  |  | $ | 644,417 |
Net interest income (expense) from internal sources |  | (113,104) |  |  | 93,163 |  |  | 49,750 |  |  | 29,809 |  |  | (29,809) |  |  | — |
Net interest income |  | 354,084 |  |  | 115,366 |  |  | 89,346 |  |  | 558,796 |  |  | 85,621 |  |  | 644,417 |
Net loans charged off and provision for credit losses |  | 177 |  |  | 2,535 |  |  | (15) |  |  | 2,697 |  |  | (2,697) |  |  | — |
Net interest income after provision for credit losses |  | 353,907 |  |  | 112,831 |  |  | 89,361 |  |  | 556,099 |  |  | 88,318 |  |  | 644,417 |
Other operating revenue |  | 119,953 |  |  | 77,223 |  |  | 199,986 |  |  | 397,162 |  |  | (4,023) |  |  | 393,139 |
Personnel expense |  | 97,557 |  |  | 51,364 |  |  | 133,554 |  |  | 282,475 |  |  | 146,421 |  |  | 428,896 |
Non-personnel expense 1 |  | 57,796 |  |  | 61,348 |  |  | 53,993 |  |  | 173,137 |  |  | 99,999 |  |  | 273,136 |
Total other operating expense |  | 155,353 |  |  | 112,712 |  |  | 187,547 |  |  | 455,612 |  |  | 246,420 |  |  | 702,032 |
Corporate allocations 2 |  | 36,949 |  |  | 30,474 |  |  | 28,325 |  |  | 95,748 |  |  | (95,748) |  |  | — |
Net income before taxes |  | $ | 281,558 |  |  | $ | 46,868 |  |  | $ | 73,475 |  |  | $ | 401,901 |  |  | $ | (66,377) |  |  | $ | 335,524 |
Average assets |  | $ | 21,359,263 |  |  | $ | 8,256,649 |  |  | $ | 11,469,873 |  |  | $ | 41,085,785 |  |  | $ | 10,554,734 |  |  | $ | 51,640,519 |
1 Non-personnel expense includes other segment items comprised of Business promotion, Charitable contributions to BOKF Foundation, Professional fees and services, Net occupancy and equipment, FDIC and other insurance, Data processing and communications, Printing, postage, and supplies, Amortization of intangible assets, Mortgage banking costs, and other miscellaneous expenses. 2 Corporate allocations include centrally managed operational and administrative expenses that are allocated to segments. 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 |  | Segment Total |  | Funds Management and Other |  | BOK Financial Corporation
Net interest income (expense) from external sources |  | $ | 280,091 |  |  | $ | 5,986 |  |  | $ | (3,758) |  |  | $ | 282,319 |  |  | $ | 13,702 |  |  | $ | 296,021 |
Net interest income (expense) from internal sources |  | (76,335) |  |  | 59,178 |  |  | 33,259 |  |  | 16,102 |  |  | (16,102) |  |  | — |
Net interest income |  | 203,756 |  |  | 65,164 |  |  | 29,501 |  |  | 298,421 |  |  | (2,400) |  |  | 296,021 |
Net loans charged off and provision for credit losses |  | 6,134 |  |  | 1,247 |  |  | — |  |  | 7,381 |  |  | 619 |  |  | 8,000 |
Net interest income after provision for credit losses |  | 197,622 |  |  | 63,917 |  |  | 29,501 |  |  | 291,040 |  |  | (3,019) |  |  | 288,021 |
Other operating revenue |  | 54,704 |  |  | 36,137 |  |  | 113,208 |  |  | 204,049 |  |  | 55,655 |  |  | 259,704 |
Personnel expense |  | 45,964 |  |  | 24,016 |  |  | 63,669 |  |  | 133,649 |  |  | 57,441 |  |  | 191,090 |
Non-personnel expense 1 |  | 30,150 |  |  | 31,112 |  |  | 26,545 |  |  | 87,807 |  |  | 57,793 |  |  | 145,600 |
Total other operating expense |  | 76,114 |  |  | 55,128 |  |  | 90,214 |  |  | 221,456 |  |  | 115,234 |  |  | 336,690 |
Corporate allocations 2 |  | 17,381 |  |  | 13,392 |  |  | 16,484 |  |  | 47,257 |  |  | (47,257) |  |  | — |
Net income before taxes |  | $ | 158,831 |  |  | $ | 31,534 |  |  | $ | 36,011 |  |  | $ | 226,376 |  |  | $ | (15,341) |  |  | $ | 211,035 |
Average assets |  | $ | 21,960,479 |  |  | $ | 8,107,505 |  |  | $ | 11,239,910 |  |  | 41,307,894 |  |  | $ | 9,887,305 |  |  | $ | 51,195,199 |
1 Non-personnel expense includes other segment items comprised of Business promotion, Charitable contributions to BOKF Foundation, Professional fees and services, Net occupancy and equipment, FDIC and other insurance, Data processing and communications, Printing, postage, and supplies, Amortization of intangible assets, Mortgage banking costs, and other miscellaneous expenses. 2 Corporate allocations include centrally managed operational and administrative expenses that are allocated to segments. 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 |  | Segment Total |  | Funds Management and Other |  | BOK Financial Consolidated
Net interest (expense) income from external sources |  | $ | 560,342 |  |  | $ | 13,336 |  |  | $ | (1,122) |  |  | $ | 572,556 |  |  | $ | 17,037 |  |  | $ | 589,593 |
Net interest income (expense) from internal sources |  | (152,591) |  |  | 115,963 |  |  | 59,021 |  |  | 22,393 |  |  | (22,393) |  |  | — |
Net interest income |  | 407,751 |  |  | 129,299 |  |  | 57,899 |  |  | 594,949 |  |  | (5,356) |  |  | 589,593 |
Net loans charged off and provision for credit losses |  | 10,294 |  |  | 3,055 |  |  | (15) |  |  | 13,334 |  |  | 2,666 |  |  | 16,000 |
Net interest income after provision for credit losses |  | 397,457 |  |  | 126,244 |  |  | 57,914 |  |  | 581,615 |  |  | (8,022) |  |  | 573,593 |
Other operating revenue |  | 104,877 |  |  | 73,765 |  |  | 231,912 |  |  | 410,554 |  |  | 10,851 |  |  | 421,405 |
Personnel expense |  | 91,283 |  |  | 49,252 |  |  | 127,218 |  |  | 267,753 |  |  | 125,990 |  |  | 393,743 |
Non-personnel expense 1 |  | 54,926 |  |  | 59,323 |  |  | 62,284 |  |  | 176,533 |  |  | 106,798 |  |  | 283,331 |
Total other operating expense |  | 146,209 |  |  | 108,575 |  |  | 189,502 |  |  | 444,286 |  |  | 232,788 |  |  | 677,074 |
Corporate allocations 2 |  | 35,778 |  |  | 27,564 |  |  | 31,263 |  |  | 94,605 |  |  | (94,605) |  |  | — |
Net income before taxes |  | $ | 320,347 |  |  | $ | 63,870 |  |  | $ | 69,061 |  |  | $ | 453,278 |  |  | $ | (135,354) |  |  | $ | 317,924 |
Average assets |  | $ | 21,806,587 |  |  | $ | 8,018,132 |  |  | $ | 10,874,365 |  |  | 40,699,084 |  |  | $ | 9,912,301 |  |  | $ | 50,611,385 |
1 Non-personnel expense includes other segment items comprised of Business promotion, Charitable contributions to BOKF Foundation, Professional fees and services, Net occupancy and equipment, FDIC and other insurance, Data processing and communications, Printing, postage, and supplies, Amortization of intangible assets, Mortgage banking costs, and other miscellaneous expenses. 2 Corporate allocations include centrally managed operational and administrative expenses that are allocated to segments.

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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