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BOK Financial Corporation reports quarterly earnings of $177 million, or $2.92 per share, in the second quarter.
Second quarter 2026 financial highlights1
Net Income
Net income was $176.5 million, or $2.92 per diluted share, compared to $155.8 million, or $2.58 per diluted share. Excluding the net gain related to the exchange of Visa B shares and the loss from repositioning of the available-for-sale securities portfolio, net income would have been $156.5 million, or $2.59 per diluted share, in the second quarter of 2026.2
Net Interest Income & Margin
Net interest income totaled $351.8 million, an increase of $9.3 million. Net interest margin was 2.91% for the second quarter compared to 2.90% in the prior quarter.
Fees & Commissions Revenue
Fees and commissions revenue was $202.0 million compared to $209.8 million in the prior quarter. Lower trading fees and commissions revenue was partially offset by growth in fiduciary and asset management revenue and increased investment banking revenue.
Operating Expense
Operating expense increased $7.5 million to $361.7 million. Personnel expense increased $2.9 million and non-personnel expense increased $4.6 million. Excluding the impact of deferred compensation, personnel expense decreased $6.0 million.
Loans
Period end loans were up $896 million over the prior quarter, to $27.1 billion, with broad-based growth across the loan portfolio. Average outstanding loan balances were $26.8 billion, an increase of $844 million.
Credit Quality
Nonperforming assets were $63 million, or 0.23% of outstanding loans and repossessed assets, at June 30, 2026, compared to $60 million, or 0.23%, at March 31, 2026. Net charge-offs for the second quarter were $500 thousand, or 0.01% of average loans on an annualized basis.
Deposits
Period end deposits increased $1.2 billion to $39.9 billion and average deposits increased $250 million to $39.2 billion. Average interest-bearing deposits increased $261 million and average demand deposits decreased by $11 million. The loan to deposit ratio was 68% at June 30, 2026, unchanged from the prior quarter.
Capital
Tangible common equity ratio2 was 9.61% compared to 9.29% at March 31, 2026. Tier 1 capital ratio was 12.90%, common equity Tier 1 capital ratio was 12.89%, and total capital ratio was 14.67%. The company repurchased 2,519 shares of common stock at an average price paid of $129.89 per share in the second quarter of 2026.

p
$896 million
3 bps
$129.3 billion
LOAN GROWTHNET CHARGE-OFFS (TTM)AUMA

CEO Commentary
Stacy Kymes, President and CEO, stated, “I am proud of the strong results our team delivered this quarter, highlighted by the highest quarterly loan production in the Company’s history. Loans increased nearly $900 million during the quarter and are up 11.5% from a year ago, driven by diverse growth across business lines and geographies. Core net interest income increased, margins remained stable, and our fee generating businesses continue to provide meaningful support. In fact, our Fiduciary and Asset Management business posted record revenue this quarter. Our consistent performance is rooted in a strong risk management culture, and our unique geographic footprint continues to create opportunities to grow faster than peers while maintaining our disciplined approach."
1 Comparisons are to the prior quarter unless otherwise noted.        
2 See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Net Interest Income
(Dollars in thousands)June 30, 2026Mar. 31, 2026Change% Change
Tax-equivalent interest revenue
Interest-bearing cash and cash equivalents$5,011 $5,133 $(122)(2.4)%
Trading securities70,590 64,588 6,002 9.3 %
Investment securities5,770 6,149 (379)(6.2)%
Available-for-sale securities135,676 133,963 1,713 1.3 %
Fair value option securities849 1,389 (540)(38.9)%
Restricted equity securities8,838 6,681 2,157 32.3 %
Residential mortgage loans held for sale1,452 1,056 396 37.5 %
Loans413,667 399,576 14,091 3.5 %
Total tax-equivalent interest revenue
$641,853 $618,535 $23,318 3.8 %
Interest expense
Interest-bearing deposits:
Transaction$176,460 $175,802 $658 0.4 %
Savings1,206 1,162 44 3.8 %
Time32,443 32,234 209 0.6 %
Total interest-bearing deposits210,109 209,198 911 0.4 %
Funds purchased and repurchase agreements4,016 6,600 (2,584)(39.2)%
Other borrowings66,982 51,482 15,500 30.1 %
Subordinated debentures6,197 6,091 106 1.7 %
Total interest expense287,304 273,371 13,933 5.1 %
Tax-equivalent net interest income354,549 345,164 9,385 2.7 %
Less: Tax-equivalent adjustment
2,719 2,610 109 4.2 %
Net interest income$351,830 $342,554 $9,276 2.7 %
Net interest margin2.91 %2.90 %0.01 %N/A
Average earning assets$48,776,712 $47,772,044 $1,004,668 2.1 %
Average trading securities5,876,732 5,617,531 259,201 4.6 %
Average investment securities1,676,175 1,747,860 (71,685)(4.1)%
Average available-for-sale securities13,554,693 13,614,473 (59,780)(0.4)%
Average fair value option securities71,064 126,772 (55,708)(43.9)%
Average restricted equity securities461,753 361,514 100,239 27.7 %
Average loans balance26,769,638 25,925,585 844,053 3.3 %
Average interest-bearing deposits31,547,501 31,286,311 261,190 0.8 %
Average funds purchased and repurchase agreements520,881 924,228 (403,347)(43.6)%
Average other borrowings6,922,451 5,349,061 1,573,390 29.4 %
Average subordinated debentures396,642 396,606 36 — %
Net interest income was $351.8 million for the second quarter of 2026, an increase of $9.3 million over the prior quarter. Net interest margin expanded to 2.91% from 2.90%. For the second quarter of 2026, our core net interest margin excluding trading activities1, a non-GAAP measure, decreased 2 basis points to 3.13% compared to 3.15% in the prior quarter. Net interest margin benefited from favorable repricing of fixed-rate assets and deposits. During the quarter, these positive drivers were partially offset by a 3 basis point impact from cash margin posted on behalf of our energy customers as oil prices increased during the quarter.
1 See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.    
    2
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Average earning assets increased $1.0 billion. Average loan balances increased $844 million, with broad-based growth across the loan portfolio. Average trading securities increased $259 million and restricted equity securities increased $100 million. Average interest-bearing deposits increased $261 million, primarily from growth in interest-bearing transaction accounts and time deposits. Average funds purchased and repurchase agreements decreased $403 million, while average other borrowings increased $1.6 billion.
The yield on average earning assets was 5.27%, a 4 basis point increase over the prior quarter. The yield on trading securities increased 21 basis points to 4.85% and the yield on restricted equity securities increased 27 basis points to 7.66%. The yield on available-for-sale securities increased 5 basis points while the loan portfolio yield decreased 5 basis points to 6.20%.
Funding costs were 2.93%, up 1 basis point. The cost of interest-bearing deposits decreased 4 basis points to 2.67%. The cost of funds purchased and repurchase agreements increased 19 basis points to 3.09%, while the cost of other borrowings decreased 2 basis points to 3.88%. The benefit to net interest margin from assets funded by noninterest-bearing liabilities was 57 basis points, a decrease of 2 basis points.

Other Operating Revenue
(Dollars in thousands)June 30, 2026Mar. 31, 2026Change% Change
Brokerage and trading revenue$32,450 $43,606 $(11,156)(25.6)%
Transaction card revenue31,597 31,965 (368)(1.2)%
Fiduciary and asset management revenue71,007 66,481 4,526 6.8 %
Deposit service charges and fees33,326 32,218 1,108 3.4 %
Mortgage banking revenue18,985 20,963 (1,978)(9.4)%
Other revenue14,627 14,544 83 0.6 %
Total fees and commissions201,992 209,777 (7,785)(3.7)%
Other gains (losses), net42,415 (216)42,631 N/A
Loss on derivatives, net(8,490)(4,374)(4,116)N/A
Loss on fair value option securities, net— (2,074)2,074 N/A
Change in fair value of mortgage servicing rights6,300 8,155 (1,855)N/A
Loss on available-for-sale securities, net(4,645)— (4,645)N/A
Total other operating revenue$237,572 $211,268 $26,304 12.5 %
Fees and commissions revenue totaled $202.0 million for the second quarter of 2026, decreasing $7.8 million compared to the prior quarter.
Brokerage and trading revenue decreased $11.2 million to $32.5 million. Trading fees and commissions revenue decreased $12.7 million due to lower trading volumes resulting from interest rate market volatility during the quarter. Customer hedging revenue decreased $1.1 million, primarily due to a decline in hedging activity from our energy customers. Investment banking revenue increased $3.2 million, largely related to the timing and volume of completed loan syndication transactions.
Fiduciary and asset management revenue increased $4.5 million, primarily related to seasonal tax preparation fee income combined with increased trust fees from higher market valuations and growth in client relationships.
Mortgage banking revenue decreased $2.0 million, primarily due to lower refinancing activity. Production revenue as a percentage of production volume decreased 65 basis points to 0.83%.
Deposit service charges and fees grew $1.1 million, largely due to an increase in the volume of transactions during the quarter.
Other gains (losses), net, were a net gain of $42.4 million compared to a net loss of $216 thousand in the prior quarter. The second quarter of 2026 included a $30.9 million pre-tax gain, net of economic hedge, related to the exchange of our Visa B shares under the recently announced exchange offer by Visa, Inc. The current quarter also included a net gain on investments related to deferred compensation of $8.8 million compared to a net loss of $1.8 million in the prior quarter.
Losses on available-for-sale securities, net, were $4.6 million in the second quarter of 2026 as we repositioned the portfolio by selling approximately $268 million of lower-yielding debt securities.
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BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Operating Expense
(Dollars in thousands)June 30, 2026Mar. 31, 2026Change% Change
Personnel$214,094 $211,174 $2,920 1.4 %
Business promotion11,152 9,226 1,926 20.9 %
Professional fees and services13,799 14,295 (496)(3.5)%
Net occupancy and equipment34,151 33,182 969 2.9 %
FDIC and other insurance6,183 5,685 498 8.8 %
Data processing and communications51,707 51,768 (61)(0.1)%
Printing, postage, and supplies3,745 3,679 66 1.8 %
Amortization of intangible assets2,390 2,443 (53)(2.2)%
Mortgage banking costs11,879 11,757 122 1.0 %
Other expense12,579 10,957 1,622 14.8 %
Total operating expense$361,679 $354,166 $7,513 2.1 %
Total operating expense was $361.7 million for the second quarter of 2026, an increase of $7.5 million compared to the prior quarter. The second quarter included $9.1 million of deferred compensation expense offset by gains on related investments in Other gains (losses), net. Excluding the impact of deferred compensation, total operating expense decreased $1.4 million.
Personnel costs were down $6.0 million excluding the impact of deferred compensation. Cash-based incentive compensation decreased $3.0 million, primarily driven by a decrease in trading activity during the quarter. Employee benefits expense decreased $1.8 million, largely due to a seasonal decrease in payroll taxes, partially offset by higher employee healthcare costs.
Non-personnel expense increased $4.6 million. Business promotion expense increased $1.9 million due to higher seasonal travel costs. Other expense was up $1.6 million, primarily related to an increase in operational losses.
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BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Loans
(Dollars in thousands)June 30, 2026Mar. 31, 2026Change% Change
Commercial:
Services$4,099,879$3,901,933$197,9465.1%
Healthcare4,083,8143,955,763128,0513.2%
Energy3,052,6623,005,69346,9691.6%
Mortgage finance451,826228,242223,58498.0%
General business4,609,2674,481,452127,8152.9%
Total commercial16,297,44815,573,083724,3654.7%
Commercial real estate:
Multifamily2,570,2462,553,70916,5370.6%
Industrial1,283,3151,418,626(135,311)(9.5)%
Office852,721821,56931,1523.8%
Retail670,893613,97656,9179.3%
Residential construction and land development
111,668109,4802,1882.0%
Other commercial real estate
396,487367,31929,1687.9%
Total commercial real estate5,885,3305,884,679651—%
Loans to individuals:
Residential mortgage
2,847,7682,784,13463,6342.3%
Residential mortgage guaranteed by U.S. government agencies
159,886160,254(368)(0.2)%
Personal1,893,2831,785,243108,0406.1%
Total loans to individuals4,900,9374,729,631171,3063.6%
Total loans$27,083,715$26,187,393$896,3223.4%
Outstanding loans were $27.1 billion at June 30, 2026, an increase of $896 million over March 31, 2026, driven by broad-based growth across our loan portfolio. Unfunded loan commitments grew by $443 million over the first quarter of 2026 to $16.6 billion at June 30, 2026.
Outstanding commercial loan balances, which includes services, healthcare, energy, mortgage finance, and general business loans, increased $724 million over the prior quarter.
The Company launched the residential mortgage finance line of business in the third quarter of 2025, and these loan balances increased by $224 million during the current quarter to $452 million, or 2% of total loans.
Services sector loan balances were up $198 million over the prior quarter at $4.1 billion, or 15% of total loans. Services loans consist of a large number of loans to a variety of businesses, including state and local municipal government entities, Native American tribal government and casino operations, foundations and not-for-profit organizations, educational services, and specialty trade contractors.
Healthcare sector loan balances increased $128 million and totaled $4.1 billion, or 15% of total loans. Our healthcare sector loans primarily consist of $3.2 billion of senior housing and care facilities, including independent living, assisted living, and skilled nursing. Generally, we loan to borrowers with a portfolio of multiple facilities, which serves to help diversify risks specific to a single facility.
General business loans increased $128 million to $4.6 billion, or 17% of total loans. General business loans include $2.9 billion of wholesale/retail loans and $1.7 billion of loans from other commercial industries.
5
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Energy loan balances grew by $47 million to $3.1 billion, or 11% of total loans. The majority of this portfolio is first lien, senior secured, reserve-based lending to oil and gas producers, which we believe is the lowest risk form of energy lending. Approximately 72% of committed production loans are secured by properties primarily producing oil. The remaining 28% are secured by properties primarily producing natural gas. Unfunded energy loan commitments were $4.6 billion at June 30, 2026, a $117 million increase over March 31, 2026.
Commercial real estate loan balances were largely unchanged compared to prior quarter at $5.9 billion, representing 22% of total loans. Loans secured by industrial facilities decreased $135 million. Loans secured by retail facilities increased $57 million, loans secured by office facilities increased $31 million, other real estate loans increased $29 million, and loans secured by multifamily properties increased $17 million. Unfunded commercial real estate loan commitments were $2.2 billion at June 30, 2026, a $105 million increase compared to March 31, 2026. We take a disciplined approach to managing our concentration of commercial real estate loan commitments as a percentage of capital.
Loans to individuals were up $171 million over the prior quarter to $4.9 billion and represent 18% of total loans. Personal loans increased $108 million and residential mortgage loans increased $63 million. Personal loans consist primarily of loans to Wealth Management clients secured by the cash surrender value of insurance policies or marketable securities. Personal loans also include direct loans secured by and for the purchase of automobiles, recreational and marine equipment, as well as unsecured loans.

Period End & Average Deposits
(Dollars in thousands)June 30, 2026Mar. 31, 2026Change% Change
Period end deposits
Demand$7,861,661 $7,694,329 $167,332 2.2 %
Interest-bearing transaction27,242,418 26,352,203 890,215 3.4 %
Savings900,480 903,707 (3,227)(0.4)%
Time3,851,282 3,726,809 124,473 3.3 %
Total deposits$39,855,841 $38,677,048 $1,178,793 3.0 %
Average deposits
Demand$7,682,623 $7,693,948 $(11,325)(0.1)%
Interest-bearing transaction26,826,903 26,707,581 119,322 0.4 %
Savings902,531 877,650 24,881 2.8 %
Time3,818,067 3,701,080 116,987 3.2 %
Total average deposits$39,230,124 $38,980,259 $249,865 0.6 %
Our funding sources, which primarily include deposits and wholesale borrowings, provide adequate liquidity to meet our needs. The loan to deposit ratio was 68% at June 30, 2026, consistent with the prior quarter, providing significant on-balance sheet liquidity to meet future loan demand and contractual obligations.
Period end deposits totaled $39.9 billion at June 30, 2026, a $1.2 billion increase. Interest-bearing transaction accounts increased $890 million, demand deposits increased $167 million, and time deposits increased $124 million.
Average deposits were $39.2 billion during the second quarter, a $250 million increase. Average interest-bearing transaction accounts increased $119 million and average time deposits increased $117 million.
Average Commercial Banking deposits increased $612 million to $18.9 billion, or 48% of total deposits. Our commercial deposit portfolio is highly diversified across industries and customers. The highest concentration by industry within our commercial deposit portfolio is with our energy customers representing 10% of our total deposits. Average Consumer Banking deposits increased $204 million to $8.6 billion, or 22% of total deposits. Average Wealth Management deposits decreased by $127 million to $10.7 billion, or 27% of total deposits. Average Funds Management and Other deposits decreased $439 million to $1.1 billion, or 3% of total deposits.
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BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Capital
Minimum Capital RequirementCapital Conservation BufferMinimum Capital Requirement Including Capital Conservation BufferJune 30, 2026Mar. 31, 2026
Common equity Tier 14.50 %2.50 %7.00 %12.89 %12.61 %
Tier 1 capital6.00 %2.50 %8.50 %12.90 %12.61 %
Total capital8.00 %2.50 %10.50 %14.67 %14.39 %
Tier 1 leverage4.00 %N/A4.00 %9.81 %9.85 %
Tangible common equity ratio1
9.61 %9.29 %
Common stock repurchased (shares)2,519 — 
Average price per share repurchased$129.89 $— 
The company's common equity Tier 1 capital ratio was 12.89% at June 30, 2026. In addition, the company's Tier 1 capital ratio was 12.90%, total capital ratio was 14.67%, and leverage ratio was 9.81% at June 30, 2026. At March 31, 2026, the company's common equity Tier 1 capital ratio was 12.61%, Tier 1 capital ratio was 12.61%, total capital ratio was 14.39%, and leverage ratio was 9.85%.
The company's tangible common equity ratio1, a non-GAAP measure, was 9.61% at June 30, 2026, and 9.29% at March 31, 2026. The tangible common equity ratio is primarily based on total shareholders' equity, which includes unrealized gains and losses on available-for-sale securities.
The company repurchased 2,519 shares of common stock at an average price paid of 129.89 per share in the second quarter of 2026. No shares of common stock were repurchased in the first quarter of 2026. We view buybacks opportunistically, but within the context of maintaining our strong capital position.

Credit Quality
Nonperforming assets totaled $63 million, or 0.23% of outstanding loans and repossessed assets, at June 30, 2026, compared to $60 million, or 0.23%, at March 31, 2026. Excluding loans guaranteed by U.S. government agencies, nonperforming assets totaled $55 million, or 0.20% of outstanding loans and repossessed assets, at June 30, 2026, compared to $52 million, or 0.20%, at March 31, 2026.
Nonaccruing loans increased $2.1 million compared to March 31, 2026. New nonaccruing loans identified in the second quarter totaled $8.5 million, offset by $3.4 million in payments received and $1.3 million in charge-offs. Nonaccruing general business loans increased $2.3 million and nonaccruing services loans increased $1.7 million, while nonaccruing loans to individuals decreased $1.6 million.
Net charge-offs were $500 thousand, or 0.01% of average loans on an annualized basis, in the second quarter. At June 30, 2026, net charge-offs for the trailing twelve months were $7.4 million, or 0.03% of average loans. Net charge-offs were $1.9 million, or 0.03% of average loans on an annualized basis, in the first quarter of 2026.
No provision for expected credit losses was necessary for the second quarter of 2026. An improvement in economic forecast assumptions, including GDP growth, lower unemployment, and improved vacancy rates, compared to the prior quarter, was offset by the impact of loan growth during the quarter.
At June 30, 2026, the combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments was $323 million, or 1.19% of outstanding loans and 592% of nonaccruing loans, excluding residential mortgage loans guaranteed by U.S. government agencies. At March 31, 2026, the combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments was $323 million, or 1.23% of outstanding loans and 618% of nonaccruing loans.

1     See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
          7
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Securities & Derivatives
The fair value of the available-for-sale securities portfolio totaled $13.6 billion at June 30, 2026, a $43 million increase compared to March 31, 2026. At June 30, 2026, the available-for-sale securities portfolio consisted primarily of $10.1 billion of residential mortgage-backed securities fully backed by U.S. government agencies and $2.7 billion of commercial mortgage-backed securities fully backed by U.S. government agencies. At June 30, 2026, the available-for-sale securities portfolio had a net unrealized loss of $256 million, compared to $217 million at March 31, 2026.
We hold an inventory of trading securities in support of sales to a variety of customers. At June 30, 2026, the trading securities portfolio totaled $5.0 billion, compared to $5.7 billion at March 31, 2026.
The company also maintains a portfolio of residential mortgage-backed and commercial mortgage-backed securities issued by U.S. government agencies and interest rate derivative contracts as an economic hedge of the changes in the fair value of our mortgage servicing rights. This portfolio of fair value option securities decreased $150 million to $28 million at June 30, 2026.
Derivative contracts are carried at fair value. At June 30, 2026, the net fair values of derivative contracts, before consideration of cash margin, reported as assets under our customer risk management programs totaled $445 million, compared to $748 million at March 31, 2026. The aggregate net fair value of derivative contracts, before consideration of cash margin, held under these programs reported as liabilities totaled $433 million at June 30, 2026, and $734 million at March 31, 2026.
The net cost of the changes in the fair value of mortgage servicing rights and related economic hedges was $914 thousand during the second quarter of 2026, including a $7.3 million decrease in the fair value of securities and derivative contracts held as an economic hedge, a $6.3 million increase in the fair value of mortgage servicing rights, and $110 thousand of related net interest income.

Second Quarter 2026 Segment Highlights
Commercial BankingConsumer BankingWealth Management
(In thousands)June 30, 2026Mar. 31, 2026June 30, 2026Mar. 31, 2026June 30, 2026Mar. 31, 2026
Net interest income and fee revenue
$240,406 $232,483$95,759 $96,926$146,459 $153,398
Net loans charged-off (recovered)(145)4001,118 1,508(5)496
Personnel expense50,042 51,26724,715 25,46666,332 69,413
Non-personnel expense32,049 31,04138,721 38,02727,866 28,756
Net income before taxes146,160 134,78713,555 19,16834,977 37,541
Average loans$22,003,116 $21,232,965$2,633,853 $2,584,226$2,479,191 $2,430,864
Average deposits18,918,188 18,306,3378,592,876 8,389,03910,656,194 10,782,785
Assets under management or administration$129,271,398 $123,586,715
Commercial Banking contributed $146.2 million to net income before taxes in the second quarter of 2026, an increase of $11.4 million over the first quarter of 2026. Combined net interest income and fee revenue totaled $240.4 million, an increase of $7.9 million. Net interest income increased $5.5 million due to increased loan volumes and beneficial repricing of deposits. Investment banking revenue increased $3.9 million, primarily due to higher loan syndication fees and was partially offset by a $1.4 million decrease in customer hedging revenue. Other operating expenses were consistent with the prior quarter. Other gains, net, were $4.3 million for the second quarter of 2026, compared to $1.2 million in the first quarter of 2026 from merchant banking activities. Average loans increased $770 million, or 4%, to $22.0 billion. Average deposits were $18.9 billion, an increase of $612 million, or 3%.
8
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Consumer Banking contributed $13.6 million to net income before taxes in the second quarter of 2026, a decrease of $5.6 million. Combined net interest income and fee revenue decreased $1.2 million, driven by a decrease in mortgage production performance and lower card-network incentives, partially offset by changes in deposit spreads. The net cost of the change in the fair value of mortgage servicing rights and the related economic hedges was $914 thousand, compared to a net benefit of $2.0 million in the prior quarter. Other operating expenses were consistent with the prior quarter. Corporate expense allocations increased $1.9 million. Average loans increased $50 million, or 2%, to $2.6 billion. Average deposits increased $204 million, or 2%, to $8.6 billion.
Wealth Management contributed $35.0 million to net income before taxes in the second quarter of 2026, a decrease of $2.6 million compared to the first quarter of 2026. Combined net interest income and fee revenue decreased $6.9 million, largely due to reduced trading activity from interest rate market volatility during the quarter, partially offset by a $4.5 million increase in fiduciary and asset management revenue from seasonal tax preparation fee income combined with higher trust business line fees. Other operating expenses decreased $4.0 million, primarily due to lower cash-based incentive compensation costs driven by the decrease in trading activity. Average loans increased $48 million, or 2%, to $2.5 billion. Average deposits were largely unchanged at $10.7 billion. Assets under management or administration were $129.3 billion, an increase of $5.7 billion, or 5%.

9
BOK Financial Corporation quarterly earnings releaseExhibit 99.1(a)
Conference Call & Webcast
The company will host a conference call at noon Central time on Tuesday, July 21, 2026, to discuss the financial results with investors. The live audio webcast and presentation slides will be available on the company’s website at bokf.com. The conference call can also be accessed by dialing 1-800-715-9871 toll free, or 1-646-307-1963, conference ID: 6617678. A webcast replay will also be available shortly after the conclusion of the live call at bokf.com or by dialing 1-800-770-2030 and referencing replay PIN: 6617678.

About BOK Financial Corporation
BOK Financial Corporation is a $53 billion regional financial services company headquartered in Tulsa, Oklahoma with $129 billion in assets under management or administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee, and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.
The company will continue to evaluate critical assumptions and estimates, such as the appropriateness of the allowance for credit losses and asset impairment as of June 30, 2026 through the date its financial statements are filed with the Securities and Exchange Commission and will adjust amounts reported if necessary.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry and the economy generally. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “plans,” “outlook,” “projects,” “will,” “intends,” “may,” “could,” “should,” “would,” “potential,” “continue,” “seek,” “target,” variations of such words and similar expressions are intended to identify such forward-looking statements. Management judgments relating to and discussion of the provision and allowance for credit losses, allowance for uncertain tax positions, accruals for loss contingencies and valuation of mortgage servicing rights involve judgments as to expected events and are inherently forward-looking statements. Assessments that acquisitions and growth endeavors will be profitable are statements of belief as to the outcome of future events based in part on information provided by others which BOK Financial has not independently verified and for which BOK Financial assumes no responsibility for the accuracy or completeness. These various forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. All statements other than statements of historical fact are forward-looking statements. Therefore, actual results and outcomes may materially differ from what is expected, implied or forecasted in such forward-looking statements. Internal and external factors that might cause such a difference include, but are not limited to: changes in government; changes in governmental economic policy, including tariffs; changes in commodity prices; interest rates and interest rate relationships; inflation; demand for products and services; the degree of competition by traditional and nontraditional competitors; changes in banking regulations; tax laws; prices, levies and assessments; the impact of technological advances; trends in customer behavior as well as their ability to repay loans; credit quality deterioration; cybersecurity incidents and data breaches; operational failures or interruptions; liquidity risks; capital adequacy requirements; litigation and regulatory enforcement actions; and other risks detailed in BOK Financial Corporation’s filings with the Securities and Exchange Commission. BOK Financial Corporation and its affiliates undertake no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.
10
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
BALANCE SHEETS – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)June 30, 2026Mar. 31, 2026
Assets
Cash and due from banks$975,769 $905,614 
Interest-bearing cash and cash equivalents545,597 506,793 
Trading securities4,952,988 5,652,162 
Investment securities, net of allowance1,627,281 1,719,731 
Available-for-sale securities13,582,780 13,539,565 
Fair value option securities28,461 178,098 
Restricted equity securities298,418 357,909 
Residential mortgage loans held for sale102,531 104,873 
Loans:
Commercial16,297,448 15,573,083 
Commercial real estate5,885,330 5,884,679 
Loans to individuals4,900,937 4,729,631 
Total loans27,083,715 26,187,393 
Allowance for loan losses(277,474)(277,719)
Loans, net of allowance26,806,241 25,909,674 
Premises and equipment, net651,641 631,454 
Receivables292,415 272,540 
Goodwill1,044,749 1,044,749 
Intangible assets, net29,828 32,303 
Mortgage servicing rights333,998 333,381 
Real estate and other repossessed assets, net of allowance508 15 
Derivative contracts, net324,711 782,985 
Cash surrender value of bank-owned life insurance423,126 424,494 
Receivable on unsettled securities sales39,673 156,963 
Other assets1,118,572 1,207,102 
Total assets$53,179,287 $53,760,405 
Liabilities
Deposits:
Demand$7,861,661 $7,694,329 
Interest-bearing transaction27,242,418 26,352,203 
Savings900,480 903,707 
Time3,851,282 3,726,809 
Total deposits39,855,841 38,677,048 
Funds purchased and repurchase agreements1,503,916 715,469 
Other borrowings3,073,995 5,753,504 
Subordinated debentures396,661 396,625 
Accrued interest, taxes, and expense292,534 325,670 
Due on unsettled securities purchases1,155,712 1,140,782 
Derivative contracts, net325,231 282,590 
Other liabilities490,499 493,651 
Total liabilities47,094,389 47,785,339 
Shareholders' equity
Capital, surplus, and retained earnings6,332,631 6,198,177 
Accumulated other comprehensive loss(249,525)(225,002)
Total shareholders’ equity6,083,106 5,973,175 
Non-controlling interests1,792 1,891 
Total equity6,084,898 5,975,066 
Total liabilities and equity$53,179,287 $53,760,405 
11
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
AVERAGE BALANCE SHEETS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Assets
Interest-bearing cash and cash equivalents$550,518 $577,641 $546,045 $495,091 $506,330 
Trading securities5,876,732 5,617,531 5,295,598 5,603,200 6,876,788 
Investment securities, net of allowance1,676,175 1,747,860 1,804,984 1,861,565 1,918,969 
Available-for-sale securities13,554,693 13,614,473 13,564,939 13,386,515 13,218,569 
Fair value option securities71,064 126,772 72,229 105,651 88,323 
Restricted equity securities461,753 361,514 250,430 337,055 390,191 
Residential mortgage loans held for sale93,685 77,105 91,414 91,422 86,543 
Loans:
Commercial16,015,484 15,430,740 15,037,471 14,490,145 14,315,695 
Commercial real estate5,914,630 5,779,715 5,581,588 5,743,572 5,495,152 
Loans to individuals4,839,524 4,715,130 4,623,492 4,592,422 4,365,702 
Total loans26,769,638 25,925,585 25,242,551 24,826,139 24,176,549 
Allowance for loan losses(277,546)(276,437)(277,580)(277,398)(278,191)
Loans, net of allowance26,492,092 25,649,148 24,964,971 24,548,741 23,898,358 
Total earning assets48,776,712 47,772,044 46,590,610 46,429,240 46,984,071 
Cash and due from banks979,068 963,980 988,135 960,602 915,487 
Derivative contracts, net662,250 421,256 268,675 317,732 374,125 
Cash surrender value of bank-owned life insurance422,700 422,540 420,167 417,261 419,602 
Receivable on unsettled securities sales196,521 173,506 227,678 162,035 228,563 
Other assets3,520,847 3,369,683 3,357,081 3,405,206 3,365,104 
Total assets$54,558,098 $53,123,009 $51,852,346 $51,692,076 $52,286,952 
Liabilities
Deposits:
Demand$7,682,623 $7,693,948 $8,009,082 $7,894,847 $7,958,538 
Interest-bearing transaction26,826,903 26,707,581 27,396,541 26,076,475 25,859,336 
Savings902,531 877,650 852,390 867,939 853,062 
Time3,818,067 3,701,080 3,729,596 3,641,985 3,465,780 
Total deposits39,230,124 38,980,259 39,987,609 38,481,246 38,136,716 
Funds purchased and repurchase agreements520,881 924,228 1,185,566 873,800 782,039 
Other borrowings6,922,451 5,349,061 3,008,388 5,048,301 6,019,948 
Subordinated debentures396,642 396,606 241,482 — 99,846 
Derivative contracts, net291,598 302,403 317,206 332,893 359,616 
Due on unsettled securities purchases494,740 418,478 452,673 329,361 503,490 
Other liabilities661,187 727,779 697,979 663,323 591,496 
Total liabilities48,517,623 47,098,814 45,890,903 45,728,924 46,493,151 
Total equity6,040,475 6,024,195 5,961,443 5,963,152 5,793,801 
Total liabilities and equity
$54,558,098 $53,123,009 $51,852,346 $51,692,076 $52,286,952 
12
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
STATEMENTS OF EARNINGS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months EndedSix Months Ended
June 30,June 30,
(In thousands, except share and per share data)2026202520262025
Interest revenue$639,134 $642,427 $1,255,059 $1,260,997 
Interest expense287,304 314,261 560,675 616,580 
Net interest income
351,830 328,166 694,384 644,417 
Provision for credit losses— — — — 
Net interest income after provision for credit losses
351,830 328,166 694,384 644,417 
Other operating revenue:
Brokerage and trading revenue32,450 38,125 76,056 69,193 
Transaction card revenue31,597 29,561 63,562 56,653 
Fiduciary and asset management revenue71,007 63,964 137,488 124,936 
Deposit service charges and fees33,326 31,319 65,544 61,594 
Mortgage banking revenue18,985 18,993 39,948 38,808 
Other revenue14,627 15,368 29,171 30,262 
Total fees and commissions201,992 197,330 411,769 381,446 
Other gains, net42,415 8,140 42,199 7,415 
Gain (loss) on derivatives, net(8,490)5,535 (12,864)15,100 
Gain (loss) on fair value option securities, net— 1,112 (2,074)1,437 
Change in fair value of mortgage servicing rights6,300 (5,019)14,455 (12,259)
Loss on available-for-sale securities, net(4,645)— (4,645)— 
Total other operating revenue237,572 207,098 448,840 393,139 
Other operating expense:
Personnel214,094 214,711 425,268 428,896 
Business promotion11,152 9,139 20,378 17,957 
Professional fees and services13,799 15,402 28,094 28,671 
Net occupancy and equipment34,151 32,657 67,333 65,649 
FDIC and other insurance6,183 6,439 11,868 13,026 
FDIC special assessment— (523)— — 
Data processing and communications51,707 49,597 103,475 97,175 
Printing, postage, and supplies3,745 4,067 7,424 7,706 
Amortization of intangible assets2,390 2,656 4,833 5,308 
Mortgage banking costs11,879 6,711 23,636 14,400 
Other expense12,579 13,647 23,536 23,244 
Total other operating expense361,679 354,503 715,845 702,032 
Net income before taxes227,723 180,761 427,379 335,524 
Federal and state income taxes51,141 40,691 95,077 75,683 
Net income176,582 140,070 332,302 259,841 
Net income (loss) attributable to non-controlling interests43 52 (3)46 
Net income attributable to BOK Financial Corporation shareholders$176,539 $140,018 $332,305 $259,795 
Earnings per share:
Basic and diluted$2.92 $2.19 $5.49 $4.05 
Average shares used in computation:
Basic and diluted60,080,833 63,208,027 60,057,189 63,376,857 
13
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
QUARTERLY EARNINGS TREND – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except share and per share data)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Interest revenue$639,134 $615,925 $625,818 $644,453 $642,427 
Interest expense287,304 273,371 280,537 306,807 314,261 
Net interest income
351,830 342,554 345,281 337,646 328,166 
Provision for credit losses— — — 2,000 — 
Net interest income after provision for credit losses
351,830 342,554 345,281 335,646 328,166 
Other operating revenue:
Brokerage and trading revenue32,450 43,606 47,310 43,239 38,125 
Transaction card revenue31,597 31,965 31,564 29,463 29,561 
Fiduciary and asset management revenue71,007 66,481 68,347 63,878 63,964 
Deposit service charges and fees33,326 32,218 32,039 31,896 31,319 
Mortgage banking revenue18,985 20,963 19,013 19,764 18,993 
Other revenue14,627 14,544 16,591 16,190 15,368 
Total fees and commissions201,992 209,777 214,864 204,430 197,330 
Other gains (losses), net42,415 (216)28,078 8,264 8,140 
Gain (loss) on derivatives, net(8,490)(4,374)(2,366)(453)5,535 
Gain (loss) on fair value option securities, net— (2,074)551 630 1,112 
Change in fair value of mortgage servicing rights6,300 8,155 1,407 (2,375)(5,019)
Gain (loss) on available-for-sale securities, net(4,645)— 1,748 213 — 
Total other operating revenue237,572 211,268 244,282 210,709 207,098 
Other operating expense:
Personnel214,094 211,174 222,726 226,347 214,711 
Business promotion11,152 9,226 11,516 9,960 9,139 
Professional fees and services13,799 14,295 18,371 15,137 15,402 
Net occupancy and equipment34,151 33,182 32,693 33,040 32,657 
FDIC and other insurance6,183 5,685 6,078 7,302 6,439 
FDIC special assessment— — (9,479)(1,209)(523)
Data processing and communications51,707 51,768 51,299 50,062 49,597 
Printing, postage, and supplies3,745 3,679 4,077 4,036 4,067 
Amortization of intangible assets2,390 2,443 2,656 2,656 2,656 
Mortgage banking costs11,879 11,757 10,663 10,668 6,711 
Other expense12,579 10,957 10,454 11,771 13,647 
Total other operating expense361,679 354,166 361,054 369,770 354,503 
Net income before taxes227,723 199,656 228,509 176,585 180,761 
Federal and state income taxes51,141 43,936 51,243 35,714 40,691 
Net income176,582 155,720 177,266 140,871 140,070 
Net income (loss) attributable to non-controlling interests43 (46)(35)(23)52 
Net income attributable to BOK Financial Corporation shareholders$176,539 $155,766 $177,301 $140,894 $140,018 
Earnings per share:
Basic and diluted$2.92 $2.58 $2.89 $2.22 $2.19 
Average shares used in computation:
Basic and diluted60,080,833 60,033,282 60,916,929 62,840,270 63,208,027 
14
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
FINANCIAL HIGHLIGHTS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except ratio, share, and per share data)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Capital:
Period end shareholders' equity$6,083,106 $5,973,175 $5,918,646 $6,022,535 $5,890,888 
Risk-weighted assets$40,935,789 $40,777,918 $38,966,948 $38,136,467 $37,630,803 
Risk-based capital ratios:
Common equity Tier 112.89 %12.61 %12.90 %13.60 %13.59 %
Tier 112.90 %12.61 %12.90 %13.61 %13.60 %
Total capital14.67 %14.39 %14.77 %14.48 %14.48 %
Leverage ratio9.81 %9.85 %9.86 %10.19 %9.88 %
Tangible common equity ratio1
9.61 %9.29 %9.46 %10.06 %9.63 %
Common stock:
Book value per share$100.11 $98.31 $97.63 $95.22 $92.61 
Tangible book value per share$82.42 $80.58 $79.83 $78.11 $75.56 
Market value per share:
High$139.73 $138.42 $122.16 $114.17 $104.15 
Low$123.24 $113.53 $102.72 $96.89 $85.08 
Cash dividends paid$38,116 $38,118 $38,042 $36,122 $36,256 
Dividend payout ratio21.59 %24.47 %21.46 %25.64 %25.89 %
Shares outstanding, net60,766,867 60,759,992 60,620,507 63,247,676 63,611,097 
Stock buy-back program:
Shares repurchased2,519 — 2,617,414 365,547 663,298 
Amount$327 $— $282,645 $40,575 $62,341 
Average price paid per share2
$129.89 $— $107.99 $111.00 $93.99 
Performance ratios (quarter annualized):
Return on average assets1.30 %1.19 %1.36 %1.08 %1.07 %
Return on average equity11.73 %10.49 %11.80 %9.38 %9.70 %
Return on average tangible common equity1
14.27 %12.78 %14.42 %11.46 %11.94 %
Net interest margin2.91 %2.90 %2.98 %2.91 %2.80 %
Efficiency ratio1
60.21 %63.21 %60.71 %66.66 %65.42 %
Adjusted efficiency ratio1
63.49 %63.21 %64.89 %66.88 %65.52 %
Other data:
Tax-equivalent interest$2,719 $2,610 $2,555 $2,565 $2,574 
Net unrealized loss on available-for-sale securities$(256,458)$(216,978)$(132,566)$(203,682)$(276,678)

1     See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
2     Excludes 1% excise tax on corporate stock repurchases.                                    
3     Actual interest earned on fair value option securities less internal transfer-priced cost of funds.                      15
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Three Months Ended
(In thousands, except ratio, share, and per share data)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Mortgage banking:
Mortgage production revenue$2,174 $3,926 $1,963 $2,370 $1,707 
Mortgage loans funded for sale$280,838 $230,858 $230,376 $229,812 $219,154 
Add: Current period end outstanding commitments
65,547 83,674 49,048 67,842 64,508 
Less: Prior period end outstanding commitments83,674 49,048 67,842 64,508 60,429 
Total mortgage production volume$262,711 $265,484 $211,582 $233,146 $223,233 
Mortgage loan refinances to mortgage loans funded for sale20 %30 %27 %13 %16 %
Realized margin on funded mortgage loans1.01 %1.22 %1.10 %0.96 %0.66 %
Production revenue as a percentage of production volume0.83 %1.48 %0.93 %1.02 %0.76 %
Mortgage servicing revenue$16,811 $17,037 $17,050 $17,394 $17,286 
Average outstanding principal balance of mortgage loans serviced for others$21,718,909 $22,109,450 $21,882,238 $22,269,300 $22,687,658 
Average mortgage servicing revenue rates0.31 %0.31 %0.31 %0.31 %0.31 %
Gain (loss) on mortgage servicing rights, net of economic hedge:
Gain (loss) on derivatives, net$(7,324)$(4,211)$(2,651)$(508)$5,230 
Gain (loss) on fair value option securities, net— (2,074)551 630 1,112 
Gain (loss) on economic hedge of mortgage servicing rights(7,324)(6,285)(2,100)122 6,342 
Change in fair value of mortgage servicing rights6,300 8,155 1,407 (2,375)(5,019)
Gain (loss) on changes in fair value of mortgage servicing rights, net of economic hedges, included in other operating revenue(1,024)1,870 (693)(2,253)1,323 
Net interest income (expense) on fair value option securities3
110 86 114 169 229 
Total economic benefit (cost) of changes in the fair value of mortgage servicing rights, net of economic hedges$(914)$1,956 $(579)$(2,084)$1,552 



1     See Explanation and Reconciliation of Non-GAAP Measures - Unaudited section following.
2     Excludes 1% excise tax on corporate stock repurchases.                                    
3     Actual interest earned on fair value option securities less internal transfer-priced cost of funds.                      16
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
EXPLANATION AND RECONCILIATION OF NON-GAAP MEASURES – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except ratio and per share data)
June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Reconciliation of tangible common equity ratio:
Total shareholders' equity$6,083,106 $5,973,175 $5,918,646 $6,022,535 $5,890,888 
Less: Goodwill and intangible assets, net1,074,577 1,077,052 1,079,501 1,082,125 1,084,749 
Tangible common equity$5,008,529 $4,896,123 $4,839,145 $4,940,410 $4,806,139 
Total assets$53,179,287 $53,760,405 $52,237,501 $50,193,387 $50,998,077 
Less: Goodwill and intangible assets, net1,074,577 1,077,052 1,079,501 1,082,125 1,084,749 
Tangible assets$52,104,710 $52,683,353 $51,158,000 $49,111,262 $49,913,328 
Tangible common equity ratio9.61 %9.29 %9.46 %10.06 %9.63 %
Reconciliation of return on average tangible common equity:
Total average shareholders' equity$6,038,651 $6,022,247 $5,959,186 $5,960,711 $5,791,275 
Less: Average goodwill and intangible assets, net1,075,733 1,078,240 1,080,758 1,083,390 1,086,991 
Average tangible common equity$4,962,918 $4,944,007 $4,878,428 $4,877,321 $4,704,284 
Net income attributable to BOK Financial Corporation shareholders
$176,539 $155,766 $177,301 $140,894 $140,018 
Return on average tangible common equity14.27 %12.78 %14.42 %11.46 %11.94 %
Calculation of efficiency ratio and adjusted efficiency ratio:
Total other operating expense$361,679 $354,166 $361,054 $369,770 $354,503 
Less: Amortization of intangible assets2,390 2,443 2,656 2,656 2,656 
Numerator for efficiency ratio$359,289 $351,723 $358,398 $367,114 $351,847 
Less: FDIC special assessment expense (benefit)— — (9,479)(1,209)(523)
Numerator for adjusted efficiency ratio$359,289 $351,723 $367,877 $368,323 $352,370 
Net interest income
$351,830 $342,554 $345,281 $337,646 $328,166 
Add: Tax-equivalent adjustment
2,719 2,610 2,555 2,565 2,574 
Tax-equivalent net interest income
354,549 345,164 347,836 340,211 330,740 
Add: Total other operating revenue237,572 211,268 244,282 210,709 207,098 
Less: Gain (loss) on available-for-sale securities, net(4,645)— 1,748 213 — 
Denominator for efficiency ratio
$596,766 $556,432 $590,370 $550,707 $537,838 
Less: Gain on sale of merchant banking investment— — 23,475 — — 
Less: Gain on exchange of Visa shares30,908 — — — — 
Denominator for adjusted efficiency ratio$565,858 $556,432 $566,895 $550,707 $537,838 
Efficiency ratio60.21 %63.21 %60.71 %66.66 %65.42 %
Adjusted efficiency ratio63.49 %63.21 %64.89 %66.88 %65.52 %
17
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Reconciliation of pre-provision net revenue:
Net income before taxes$227,723 $199,656 $228,509 $176,585 $180,761 
Add: Provision for credit losses— — — 2,000 — 
Less: Net income (loss) attributable to non-controlling interests
43 (46)(35)(23)52 
Pre-provision net revenue$227,680 $199,702 $228,544 $178,608 $180,709 
Information on net interest income and net interest margin excluding trading activities:
Net interest income
$351,830 $342,554 $345,281 $337,646 $328,166 
Less: Trading activities net interest income
18,283 15,366 13,211 14,325 16,138 
Net interest income excluding trading activities
333,547 327,188 332,070 323,321 312,028 
Add: Tax-equivalent adjustment
2,719 2,610 2,555 2,565 2,574 
Tax-equivalent net interest income excluding trading activities
$336,266 $329,798 $334,625 $325,886 $314,602 
Average interest-earning assets$48,776,712 $47,772,044 $46,590,610 $46,429,240 $46,984,071 
Less: Average trading activities interest-earning assets5,876,732 5,617,531 5,295,598 5,603,200 6,876,788 
Average interest-earning assets excluding trading activities$42,899,980 $42,154,513 $41,295,012 $40,826,040 $40,107,283 
Net interest margin on average interest-earning assets2.91 %2.90 %2.98 %2.91 %2.80 %
Net interest margin on average trading activities interest-earning assets1.25 %1.05 %1.04 %1.07 %0.93 %
Net interest margin on average interest-earning assets excluding trading activities3.13 %3.15 %3.22 %3.16 %3.12 %
Reconciliation of adjusted net income and earnings per share:
Net income attributable to BOK Financial Corporation shareholders$176,539 $155,766 $177,301 $140,894 $140,018 
Impact of FDIC special assessment benefit, net of tax— — (7,239)(923)(399)
Gain on exchange of Visa shares, net of tax(23,604)— — — (2,340)
Loss on repositioning of available-for-sale securities portfolio, net of tax3,547 — — — — 
Gain on sale of merchant banking investment, net of tax— — (17,928)— — 
Adjusted net income$156,482 $155,766 $152,134 $139,971 $137,279 
Earnings per share$2.92 $2.58 $2.89 $2.22 $2.19 
Impact of FDIC special assessment benefit, net of tax— — (0.12)(0.01)(0.01)
Gain on exchange of Visa shares, net of tax(0.39)— — — (0.04)
Loss on repositioning of available-for-sale securities portfolio, net of tax0.06 — — — — 
Gain on sale of merchant banking investment, net of tax— — (0.29)— — 
Adjusted earnings per share
$2.59 $2.58 $2.48 $2.21 $2.14 
18
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Explanation of Non-GAAP Measures
The tangible common equity ratio and return on average tangible common equity are primarily based on total shareholders' equity, which includes unrealized gains and losses on available-for-sale securities, less intangible assets and equity that do not benefit common shareholders. These measures are valuable indicators of a financial institution's capital strength since they eliminate intangible assets from shareholders' equity and retain the effect of unrealized losses on securities and other components of accumulated other comprehensive income in shareholders' equity.
The efficiency ratio and adjusted efficiency ratio measure the company's ability to use its assets and manage its liabilities effectively in the current period.
Pre-provision net revenue is a measure of revenue less expenses and is calculated before provision for credit losses and income tax expense. This financial measure is frequently used by investors and analysts and enables them to assess a company's ability to generate earnings to cover credit losses through a credit cycle. It also provides an additional basis for comparing the results of operations between periods by isolating the impact of the provision for credit losses, which can vary significantly between periods.
Net interest income and net interest margin excluding trading activities removes the effect of trading activities on these metrics allowing management and investors to assess the performance of the company's core lending and deposit activities without the associated volatility from trading activities.
We believe adjusting net income and earnings per share for notable non-core items enhances comparability of results with prior periods, demonstrates the impact of significant items, and provides a useful measure for determining the company's expenses that are core to our business operations and are expected to recur over time.
19
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
LOANS TREND – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Commercial:     
Services$4,099,879 $3,901,933 $3,911,917 $3,710,643 $3,658,807 
Healthcare4,083,814 3,955,763 4,008,208 3,878,543 3,808,936 
Energy3,052,662 3,005,693 2,882,242 2,681,512 2,734,713 
Mortgage finance451,826 228,242 177,765 84,271 — 
General business4,609,267 4,481,452 4,300,935 4,157,971 4,181,726 
Total commercial16,297,448 15,573,083 15,281,067 14,512,940 14,384,182 
Commercial real estate:
Multifamily2,570,246 2,553,709 2,432,330 2,500,323 2,473,365 
Industrial1,283,315 1,418,626 1,368,436 1,396,795 1,304,211 
Office852,721 821,569 814,139 811,601 690,086 
Retail670,893 613,976 573,451 593,835 592,043 
Residential construction and land development111,668 109,480 129,783 122,033 105,701 
Other commercial real estate396,487 367,319 353,867 328,020 356,035 
Total commercial real estate5,885,330 5,884,679 5,672,006 5,752,607 5,521,441 
Loans to individuals:     
Residential mortgage2,847,768 2,784,134 2,731,415 2,676,366 2,610,681 
Residential mortgage guaranteed by U.S. government agencies
159,886 160,254 158,359 151,642 148,453 
Personal1,893,283 1,785,243 1,808,615 1,771,639 1,627,454 
Total loans to individuals4,900,937 4,729,631 4,698,389 4,599,647 4,386,588 
Total loans
$27,083,715 $26,187,393 $25,651,462 $24,865,194 $24,292,211 
20
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
LOANS MANAGED BY PRINCIPAL MARKET AREA – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Texas:
Commercial$7,628,676 $7,489,036 $7,383,319 $6,800,577 $6,893,246 
Commercial real estate2,063,517 2,149,123 2,057,016 2,107,335 1,997,598 
Loans to individuals1,090,244 1,077,386 1,066,827 1,037,831 996,341 
Total Texas10,782,437 10,715,545 10,507,162 9,945,743 9,887,185 
Oklahoma:
Commercial4,528,261 3,907,911 3,829,109 3,692,319 3,455,696 
Commercial real estate656,369 612,981 589,709 574,126 512,075 
Loans to individuals3,161,854 3,065,886 3,005,460 2,927,185 2,725,320 
Total Oklahoma8,346,484 7,586,778 7,424,278 7,193,630 6,693,091 
Arizona:
Commercial1,344,873 1,378,256 1,253,824 1,228,593 1,166,745 
Commercial real estate1,445,762 1,448,141 1,332,658 1,348,838 1,165,927 
Loans to individuals219,062 220,116 224,354 222,963 226,727 
Total Arizona3,009,697 3,046,513 2,810,836 2,800,394 2,559,399 
Colorado:
Commercial2,071,731 2,125,660 2,127,979 2,132,770 2,185,658 
Commercial real estate590,820 596,517 600,668 589,307 791,171 
Loans to individuals191,015 191,721 200,378 208,323 217,088 
Total Colorado2,853,566 2,913,898 2,929,025 2,930,400 3,193,917 
Kansas/Missouri:
Commercial337,120 291,075 282,189 270,068 303,692 
Commercial real estate529,988 537,709 571,331 618,052 556,390 
Loans to individuals182,925 117,617 142,392 142,408 155,154 
Total Kansas/Missouri1,050,033 946,401 995,912 1,030,528 1,015,236 
New Mexico:
Commercial310,768 308,712 311,636 282,479 282,918 
Commercial real estate538,269 484,623 465,228 458,720 443,516 
Loans to individuals47,787 48,099 49,589 51,056 55,714 
Total New Mexico896,824 841,434 826,453 792,255 782,148 
Arkansas:
Commercial76,019 72,433 93,011 106,134 96,227 
Commercial real estate60,605 55,585 55,396 56,229 54,764 
Loans to individuals8,050 8,806 9,389 9,881 10,244 
Total Arkansas144,674 136,824 157,796 172,244 161,235 
Total BOK Financial$27,083,715 $26,187,393 $25,651,462 $24,865,194 $24,292,211 
Loans attributed to a principal market may not always represent the location of the borrower or the collateral.

21
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
DEPOSITS BY PRINCIPAL MARKET AREA – UNAUDITED
BOK FINANCIAL CORPORATION
(In thousands)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Oklahoma:
    Demand$3,482,203 $3,463,094 $3,492,243 $3,520,203 $3,589,146 
    Interest-bearing:
       Transaction13,623,048 13,629,679 13,732,961 13,352,070 13,537,068 
       Savings563,466 561,079 532,284 520,995 521,734 
       Time2,371,623 2,245,523 2,232,078 2,356,945 2,166,094 
    Total interest-bearing16,558,137 16,436,281 16,497,323 16,230,010 16,224,896 
Total Oklahoma20,040,340 19,899,375 19,989,566 19,750,213 19,814,042 
Texas:
    Demand2,178,864 2,071,766 2,177,256 2,194,177 2,082,652 
    Interest-bearing:
       Transaction7,167,229 6,447,755 6,691,395 6,427,135 6,203,081 
       Savings148,701 153,501 149,593 147,560 155,027 
       Time673,126 676,876 647,158 649,757 638,657 
    Total interest-bearing7,989,056 7,278,132 7,488,146 7,224,452 6,996,765 
Total Texas10,167,920 9,349,898 9,665,402 9,418,629 9,079,417 
Colorado:
    Demand977,110 881,440 1,152,203 929,383 1,040,223 
    Interest-bearing:
       Transaction2,210,988 2,072,825 2,137,579 2,204,899 1,989,284 
       Savings56,735 58,605 54,809 53,768 55,326 
       Time293,325 299,196 282,320 284,962 278,914 
    Total interest-bearing2,561,048 2,430,626 2,474,708 2,543,629 2,323,524 
Total Colorado3,538,158 3,312,066 3,626,911 3,473,012 3,363,747 
New Mexico:
    Demand599,831 580,900 580,400 591,330 609,205 
    Interest-bearing:
       Transaction1,596,275 1,447,506 1,405,940 1,376,694 1,416,741 
       Savings102,306 99,848 95,630 94,180 94,930 
       Time386,946 374,661 354,757 347,227 340,946 
    Total interest-bearing2,085,527 1,922,015 1,856,327 1,818,101 1,852,617 
Total New Mexico2,685,358 2,502,915 2,436,727 2,409,431 2,461,822 
Arizona:
    Demand351,429 398,102 365,007 368,432 385,442 
    Interest-bearing:
       Transaction1,369,657 1,439,796 1,450,416 1,406,300 1,467,509 
       Savings9,787 11,593 14,656 13,571 10,536 
       Time73,261 73,912 72,286 71,886 72,041 
    Total interest-bearing1,452,705 1,525,301 1,537,358 1,491,757 1,550,086 
Total Arizona1,804,134 1,923,403 1,902,365 1,860,189 1,935,528 
22
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
(In thousands)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Kansas/Missouri:
    Demand248,190 271,399 281,263 282,235 269,408 
    Interest-bearing:
       Transaction1,199,349 1,203,155 1,194,500 1,151,956 1,169,161 
       Savings16,782 16,222 14,256 14,251 13,719 
       Time35,686 38,542 37,820 37,563 35,768 
    Total interest-bearing1,251,817 1,257,919 1,246,576 1,203,770 1,218,648 
Total Kansas/Missouri1,500,007 1,529,318 1,527,839 1,486,005 1,488,056 
Arkansas:
    Demand24,034 27,628 33,558 21,416 22,685 
    Interest-bearing:
       Transaction75,872 111,487 237,279 64,174 61,079 
       Savings2,703 2,859 2,695 2,411 2,485 
       Time17,315 18,099 12,664 14,538 17,248 
    Total interest-bearing95,890 132,445 252,638 81,123 80,812 
Total Arkansas119,924 160,073 286,196 102,539 103,497 
Total BOK Financial$39,855,841 $38,677,048 $39,435,006 $38,500,018 $38,246,109 
23
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
NET INTEREST MARGIN TREND – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Tax-equivalent asset yields
Interest-bearing cash and cash equivalents3.65 %3.60 %3.85 %4.39 %4.46 %
Trading securities4.85 %4.64 %4.83 %5.25 %5.05 %
Investment securities, net of allowance1.38 %1.41 %1.41 %1.41 %1.41 %
Available-for-sale securities3.98 %3.93 %3.94 %3.93 %3.89 %
Fair value option securities4.51 %4.83 %4.83 %5.45 %5.90 %
Restricted equity securities7.66 %7.39 %7.22 %7.84 %7.73 %
Residential mortgage loans held for sale6.22 %5.42 %5.84 %6.08 %6.13 %
Loans6.20 %6.25 %6.48 %6.70 %6.71 %
Allowance for loan losses
Loans, net of allowance6.26 %6.31 %6.55 %6.78 %6.79 %
Total tax-equivalent yield on earning assets5.27 %5.23 %5.36 %5.53 %5.47 %
Cost of interest-bearing liabilities:
Interest-bearing deposits:
Transaction
2.64 %2.67 %2.88 %3.14 %3.17 %
Savings0.54 %0.54 %0.54 %0.55 %0.54 %
Time3.41 %3.53 %3.64 %3.73 %3.83 %
Total interest-bearing deposits2.67 %2.71 %2.91 %3.14 %3.17 %
Funds purchased and repurchase agreements3.09 %2.90 %3.47 %3.29 %3.50 %
Other borrowings3.88 %3.90 %4.22 %4.54 %4.49 %
Subordinated debt6.25 %6.14 %6.12 %— %6.38 %
Total cost of interest-bearing liabilities2.93 %2.92 %3.06 %3.33 %3.40 %
Tax-equivalent net interest spread
2.34 %2.31 %2.30 %2.20 %2.07 %
Effect of noninterest-bearing funding sources and other0.57 %0.59 %0.68 %0.71 %0.73 %
Tax-equivalent net interest margin2.91 %2.90 %2.98 %2.91 %2.80 %
Yield calculations are shown on a tax-equivalent basis at the statutory federal and state rates for the periods presented. The yield calculations exclude security trades that have been recorded on trade date with no corresponding interest income and the unrealized gains and losses. The yield calculation also includes average loan balances for which the accrual of interest has been discontinued and are net of unearned income. Yield/rate calculations are generally based on the conventions that determine how interest income and expense is accrued.
24
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
CREDIT QUALITY INDICATORS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
(In thousands, except ratios)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Nonperforming assets:
Nonaccruing loans:
Commercial:
Healthcare$21,112 $21,138 $23,490 $24,507 $28,743 
Services2,928 1,260 6,135 7,647 11,329 
Energy— — — 31 40 
General business5,118 2,868 6,477 85 45 
Total commercial29,158 25,266 36,102 32,270 40,157 
Commercial real estate6,431 6,601 6,697 6,809 6,925 
Loans to individuals:
Permanent mortgage18,768 20,175 18,263 21,255 20,654 
Permanent mortgage guaranteed by U.S. government agencies7,585 7,768 8,586 7,348 6,978 
Personal200 194 4,712 4,712 4,613 
Total loans to individuals26,553 28,137 31,561 33,315 32,245 
Total nonaccruing loans62,142 60,004 74,360 72,394 79,327 
Real estate and other repossessed assets508 15 176 1,751 1,729 
Total nonperforming assets$62,650 $60,019 $74,536 $74,145 $81,056 
Total nonperforming assets excluding those guaranteed by U.S. government agencies$55,065 $52,251 $65,950 $66,797 $74,078 
Accruing loans 90 days past due1
$6,242 $2,411 $— $1,135 $1,388 
Gross charge-offs$1,305 $3,176 $2,353 $4,348 $1,313 
Recoveries(805)(1,303)(907)(721)(752)
Net charge-offs (recoveries)$500 $1,873 $1,446 $3,627 $561 
Provision for loan losses$255 $3,732 $(386)$4,270 $(984)
Provision for credit losses from off-balance sheet unfunded loan commitments142 (5,934)487 (2,208)904 
Provision for expected credit losses from mortgage banking activities(283)2,213 (95)(74)77 
Provision for credit losses related to investment (held-to-maturity) securities portfolio(114)(11)(6)12 3 
Total provision for credit losses$— $— $— $2,000 $— 
1    Excludes residential mortgage loans guaranteed by agencies of the U.S. government.
25
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
Three Months Ended
(In thousands, except ratios)June 30, 2026Mar. 31, 2026Dec. 31, 2025Sep. 30, 2025June 30, 2025
Allowance for loan losses to period end loans1.02 %1.06 %1.08 %1.12 %1.14 %
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to period end loans1.19 %1.23 %1.28 %1.32 %1.36 %
Nonperforming assets to period end loans and repossessed assets0.23 %0.23 %0.29 %0.30 %0.33 %
Net charge-offs (annualized) to average loans0.01 %0.03 %0.02 %0.06 %0.01 %
Allowance for loan losses to nonaccruing loans1
508.59 %531.66 %419.41 %426.92 %382.93 %
Combined allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments to nonaccruing loans1
591.96 %618.45 %497.36 %504.99 %456.18 %

1    Excludes residential mortgage loans guaranteed by agencies of the U.S. government.
26
BOK Financial Corporation Quarterly Earnings Release
Exhibit 99.1(b)
SEGMENTS – UNAUDITED
BOK FINANCIAL CORPORATION
Three Months Ended
2Q26 vs 1Q26
2Q26 vs 2Q25
(In thousands, except ratios)
June 30, 2026Mar. 31, 2026June 30, 2025Change% ChangeChange% Change
Commercial Banking:
Net interest income$178,992 $173,473 $175,826 $5,519 3.2 %$3,166 1.8 %
Fees and commissions revenue61,414 59,010 58,400 2,404 4.1 %3,014 5.2 %
Combined net interest income and fee revenue240,406 232,483 234,226 7,923 3.4 %6,180 2.6 %
Other operating expense82,091 82,308 80,591 (217)(0.3)%1,500 1.9 %
Corporate allocations16,586 16,046 19,596 540 3.4 %(3,010)(15.4)%
Net income before taxes146,160 134,787 140,042 11,373 8.4 %6,118 4.4 %
Average assets$23,375,564 $22,679,465 $21,318,236 $696,099 3.1 %$2,057,328 9.7 %
Average loans22,003,116 21,232,965 19,894,391 770,151 3.6 %2,108,725 10.6 %
Average deposits18,918,188 18,306,337 17,424,707 611,851 3.3 %1,493,481 8.6 %
Consumer Banking:
Net interest income$57,912 $55,989 $58,114 $1,923 3.4 %$(202)(0.3)%
Fees and commissions revenue37,847 40,937 36,789 (3,090)(7.5)%1,058 2.9 %
Combined net interest income and fee revenue95,759 96,926 94,903 (1,167)(1.2)%856 0.9 %
Other operating expense63,436 63,493 55,476 (57)(0.1)%7,960 14.3 %
Corporate allocations16,626 14,686 15,039 1,940 13.2 %1,587 10.6 %
Net income before taxes13,555 19,168 24,746 (5,613)(29.3)%(11,191)(45.2)%
Average assets$8,648,052 $8,452,393 $8,310,875 $195,659 2.3 %$337,177 4.1 %
Average loans2,633,853 2,584,226 2,304,939 49,627 1.9 %328,914 14.3 %
Average deposits8,592,876 8,389,039 8,266,824 203,837 2.4 %326,052 3.9 %
Wealth Management:
Net interest income$45,378 $42,974 $44,844 $2,404 5.6 %$534 1.2 %
Fees and commissions revenue101,081 110,424 103,650 (9,343)(8.5)%(2,569)(2.5)%
Combined net interest income and fee revenue146,459 153,398 148,494 (6,939)(4.5)%(2,035)(1.4)%
Other operating expense94,198 98,169 93,281 (3,971)(4.0)%917 1.0 %
Corporate allocations17,312 17,155 14,471 157 0.9 %2,841 19.6 %
Net income before taxes34,977 37,541 40,749 (2,564)(6.8)%(5,772)(14.2)%
Average assets$11,219,080 $11,370,683 $11,571,187 $(151,603)(1.3)%$(352,107)(3.0)%
Average loans2,479,191 2,430,864 2,275,378 48,327 2.0 %203,813 9.0 %
Average deposits10,656,194 10,782,785 10,783,245 (126,591)(1.2)%(127,051)(1.2)%
Fiduciary assets78,944,144 74,350,101 71,057,135 4,594,043 6.2 %7,887,009 11.1 %
Assets under management or administration129,271,398 123,586,715 117,870,970 5,684,683 4.6 %11,400,428 9.7 %
Certain prior period amounts have been reclassified to conform to current period presentation.
27