v3.25.2
Fees and Commissions Revenue Fees and Commissions Revenue
 6 Months Ended
Jun. 30, 2025
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 the 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 represent fees and commissions earned on the 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 charges, 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 June 30, 2025 (in thousands):
CommercialConsumerWealth ManagementFunds Management & Other
BOK Financial Corporation
Out of Scope1
In Scope2
Trading revenue$— $— $14,426 $— $14,426 $14,426 $— 
Customer hedging revenue
3,439 — 3,395 676 7,510 7,510 — 
Retail brokerage revenue
— — 5,113 — 5,113 — 5,113 
Investment banking revenue
5,364 — 5,712 — 11,076 5,050 6,026 
Brokerage and trading revenue8,803 — 28,646 676 38,125 26,986 11,139 
TransFund EFT network revenue23,877 753 (17)— 24,613 — 24,613 
Merchant services revenue2,614 8 — — 2,622 — 2,622 
Corporate card revenue2,086 — 137 103 2,326 — 2,326 
Transaction card revenue28,577 761 120 103 29,561 — 29,561 
Personal trust revenue— — 28,018 — 28,018 — 28,018 
Corporate trust revenue— — 11,705 — 11,705 — 11,705 
Institutional trust & retirement plan services revenue
— — 17,895 — 17,895 — 17,895 
Investment management services and other revenue
— — 6,346 — 6,346 — 6,346 
Fiduciary and asset management revenue— — 63,964 — 63,964 — 63,964 
Commercial account service charge revenue
17,137 585 632 — 18,354 — 18,354 
Overdraft fee revenue26 5,367 53 (15)5,431 — 5,431 
Check card revenue
— 6,053 — — 6,053 — 6,053 
Automated service charge and other deposit fee revenue
247 1,128 106 — 1,481 — 1,481 
Deposit service charges and fees17,410 13,133 791 (15)31,319 — 31,319 
Mortgage production revenue— 1,707 — — 1,707 1,707 — 
Mortgage servicing revenue— 18,141 — (855)17,286 17,286 — 
Mortgage banking revenue— 19,848 — (855)18,993 18,993 — 
Other revenue3,610 3,047 10,129 (1,418)15,368 8,200 7,168 
Total fees and commissions revenue
$58,400 $36,789 $103,650 $(1,509)$197,330 $54,179 $143,151 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the six months ended June 30, 2025 (in thousands):
CommercialConsumerWealth ManagementFunds Management & OtherConsolidated
Out of Scope1
In Scope2
Trading revenue$— $— $22,533 $— $22,533 $22,533 $— 
Customer hedging revenue
7,957 — 7,441 501 15,899 15,899 — 
Retail brokerage revenue
— — 10,072 — 10,072 — 10,072 
Investment banking revenue
8,575 — 12,114 — 20,689 8,241 12,448 
Brokerage and trading revenue16,532 — 52,160 501 69,193 46,673 22,520 
TransFund EFT network revenue45,980 1,431 (34)— 47,377 — 47,377 
Merchant services revenue4,787 16 — — 4,803 — 4,803 
Corporate card revenue3,957 — 311 205 4,473 — 4,473 
Transaction card revenue54,724 1,447 277 205 56,653 — 56,653 
Personal trust revenue— — 53,574 — 53,574 — 53,574 
Corporate trust revenue— — 22,814 — 22,814 — 22,814 
Institutional trust & retirement plan services revenue
— — 36,881 — 36,881 — 36,881 
Investment management services and other revenue
— — 11,667 — 11,667 — 11,667 
Fiduciary and asset management revenue— — 124,936 — 124,936 — 124,936 
Commercial account service charge revenue
33,760 1,159 1,254 — 36,173 — 36,173 
Overdraft fee revenue58 10,649 105 (15)10,797 — 10,797 
Check card revenue
— 11,668 — — 11,668 — 11,668 
Automated service charge and other deposit fee revenue
497 2,296 163 — 2,956 — 2,956 
Deposit service charges and fees34,315 25,772 1,522 (15)61,594 — 61,594 
Mortgage production revenue— 4,336 — — 4,336 4,336 — 
Mortgage servicing revenue— 36,150 — (1,678)34,472 34,472 — 
Mortgage banking revenue— 40,486 — (1,678)38,808 38,808 — 
Other revenue7,986 5,879 21,091 (4,694)30,262 16,569 13,693 
Total fees and commissions revenue
$113,557 $73,584 $199,986 $(5,681)$381,446 $102,050 $279,396 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended June 30, 2024 (in thousands):
CommercialConsumerWealth ManagementFunds Management & Other
BOK Financial Corporation
Out of Scope1
In Scope2
Trading revenue$— $— $27,695 $— $27,695 $27,695 $— 
Customer hedging revenue
3,408 — 3,047 310 6,765 6,765 — 
Retail brokerage revenue
— — 4,838 — 4,838 — 4,838 
Investment banking revenue
4,106 — 9,613 — 13,719 3,942 9,777 
Brokerage and trading revenue7,514 — 45,193 310 53,017 38,402 14,615 
TransFund EFT network revenue21,883 776 (19)— 22,640 — 22,640 
Merchant services revenue2,502 8 — — 2,510 — 2,510 
Corporate card revenue1,868 — 161 67 2,096 — 2,096 
Transaction card revenue26,253 784 142 67 27,246 — 27,246 
Personal trust revenue— — 26,770 — 26,770 — 26,770 
Corporate trust revenue— — 8,646 — 8,646 — 8,646 
Institutional trust & retirement plan services revenue
— — 16,519 — 16,519 — 16,519 
Investment management services and other revenue
— — 5,641 — 5,641 — 5,641 
Fiduciary and asset management revenue— — 57,576 — 57,576 — 57,576 
Commercial account service charge revenue
15,395 552 603 — 16,550 — 16,550 
Overdraft fee revenue27 5,374 32 — 5,433 — 5,433 
Check card revenue
— 6,049 — — 6,049 — 6,049 
Automated service charge and other deposit fee revenue
259 1,189 92 — 1,540 — 1,540 
Deposit service charges and fees15,681 13,164 727 — 29,572 — 29,572 
Mortgage production revenue— 2,369 — — 2,369 2,369 — 
Mortgage servicing revenue— 16,964 — (705)16,259 16,259 — 
Mortgage banking revenue— 19,333 — (705)18,628 18,628 — 
Other revenue4,272 2,971 9,570 (2,825)13,988 8,400 5,588 
Total fees and commissions revenue
$53,720 $36,252 $113,208 $(3,153)$200,027 $65,430 $134,597 
1     Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2    In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the six months ended June 30, 2024 (in thousands):
CommercialConsumerWealth Management
Funds Management & Other
Consolidated
Out of Scope1
In Scope2
Trading revenue$— $— $65,152 $— $65,152 $65,152 $— 
Customer hedging revenue
7,151 — 5,067 872 13,090 13,090 — 
Retail brokerage revenue
— — 9,531 — 9,531 — 9,531 
Investment banking revenue
7,925 — 16,498 — 24,423 7,036 17,387 
Brokerage and trading revenue15,076 — 96,248 872 112,196 85,278 26,918 
TransFund EFT network revenue42,349 1,602 (37)— 43,914 — 43,914 
Merchant services revenue4,682 17 — — 4,699 — 4,699 
Corporate card revenue3,606 — 340 180 4,126 — 4,126 
Transaction card revenue50,637 1,619 303 180 52,739 — 52,739 
Personal trust revenue— — 51,115 — 51,115 — 51,115 
Corporate trust revenue— — 17,906 — 17,906 — 17,906 
Institutional trust & retirement plan services revenue
— — 32,667 — 32,667 — 32,667 
Investment management services and other revenue
— — 11,193 — 11,193 — 11,193 
Fiduciary and asset management revenue— — 112,881 — 112,881 — 112,881 
Commercial account service charge revenue
30,295 1,083 1,149 — 32,527 — 32,527 
Overdraft fee revenue63 10,768 62 — 10,893 — 10,893 
Check card revenue
— 11,719 — — 11,719 — 11,719 
Automated service charge and other deposit fee revenue
528 2,425 165 — 3,118 — 3,118 
Deposit service charges and fees30,886 25,995 1,376 — 58,257 — 58,257 
Mortgage production revenue— 5,894 — — 5,894 5,894 — 
Mortgage servicing revenue— 33,079 — (1,378)31,701 31,701 — 
Mortgage banking revenue— 38,973 — (1,378)37,595 37,595 — 
Other revenue7,751 5,872 21,104 (7,804)26,923 16,312 10,611 
Total fees and commissions revenue
$104,350 $72,459 $231,912 $(8,130)$400,591 $139,185 $261,406 
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.