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what it is
BOK Financial is a regional bank that takes deposits, makes loans, and manages money across eight states.
how it gets paid
Last year Bok Financial made $2.5B in revenue. Commercial Banking was the main engine at $1.45B, or 58% of sales.
why growth slowed
Revenue fell 4.0% last year. Q4 EPS of $2.89 mattered most. It beat the $2.25 estimate by $0.64.
what just happened
Q4 2025 EPS hit $2.89, beating the $2.25 estimate by 28%.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
70/100 earnings predictability — reasonably predictable
14.6x trailing p/e — the market's not buying it — or you found a deal
2.0% dividend yield — cash in your pocket every quarter
xvary composite: 60/100 — average
What they do
BOK Financial is a regional bank that takes deposits, makes loans, and manages money across eight states.
You are backing a bank with $52.2 billion in assets and 60.1% insider ownership. That is a lot of skin in the game. Commercial banking relationships are sticky (clients do not switch loans and deposits fast), so your customers do not leave after one bad quarter.
How they make money
$2.5B
annual revenue · their business grew -4.0% last year
Commercial Banking
$1.45B
3.0%
Consumer Banking
$0.55B
5.0%
Wealth Management
$0.22B
+6.0%
Treasury and Payment Services
$0.18B
+2.0%
Brokerage and Other
$0.10B
12.0%
The products that matter
commercial and consumer lending
Regional Banking
$2.5B revenue · entire business
it's the whole $2.5B revenue base, which means any shift in loan demand, credit costs, or deposit pricing hits nearly all of what you own.
100% of revenue
Key numbers
$9.17
2025 EPS
BOK Financial made $9.17 a share last year. That is why the stock can trade at 14.6x earnings and still look ordinary.
$2.5B
annual revenue
Revenue fell 4.0%, so the bank made more per share while the top line slipped.
$52.2B
assets
That asset base is large enough to matter, but one bad loan book still shows up.
60.1%
insider ownership
Management and directors own most of the stock, so their incentives are tied to your return.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- return on equity 10% — $0.10 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in BOKF 3 years ago → it's now worth $13,800.
The index would have given you $13,880.
source: institutional data · total return
What just happened
beat estimates
Q4 2025 EPS hit $2.89, beating the $2.25 estimate by 28%.
EPS rose 36% from $2.12 a year earlier. The bank pointed to loan growth and wider net interest margins, which means the spread between loan income and deposit costs widened.
$1.9B
revenue
$2.89
eps
n/a
n/a
the number that mattered
Q4 EPS of $2.89 mattered most. It beat the $2.25 estimate by $0.64, or 28%.
-
bok financial closed out 2025 on a positive note.
-
fourth-quarter earnings surged 36% vs. prior year, to $2.89 a share, and were also well ahead of our $2.25 estimate.the outperformance was inflated a bit by gains tied to the sale of a merchant banking investment and an fdic special assessment benefit, but even when we back these items out, the bottom-line tally would have still surpassed our target by $0.23 a share.
-
all in all, it was a solid conclusion to a record-setting year for the oklahoma-based bank.
-
bok posted a new high-water mark for earnings in 2025, fueled by broad-based loan growth, expanding net interest margins, and momentum within its core fiduciary and asset management business.
-
an acceleration in stock buyback activity provided additional support to per-share comparisons.
source: company earnings report, 2026
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What could go wrong
the top threat is regional credit deterioration in Oklahoma and Texas lending markets — when local borrowers crack, a bank this concentrated feels it fast.
high
regional credit deterioration
BOKF is a regional lender. If commercial or consumer borrowers weaken in its core markets, provisions rise and earnings get hit quickly.
With revenue already down 4.0% last year, a weaker credit cycle would pressure the same $2.5B revenue base investors are paying 14.6x earnings for.
med
rate-driven margin compression
Banks live on spread income. If loan yields reset lower faster than deposit costs, net interest income gets squeezed.
That matters more here because the business is basically one segment, not a fee-heavy mix that can easily offset rate pressure.
med
one-time earnings noise
The recent analyst note flagged benefits from a merchant banking sale and an FDIC assessment benefit. Those helped reported strength but do not repeat on schedule.
If you capitalize one-time help like permanent earnings, the stock looks cheaper than it really is.
a bank with 10% return on equity can absorb normal volatility. It does not get a free pass if revenue keeps falling and credit costs rise at the same time.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
revenue direction
The business shrank 4.0% last year and Q4 revenue fell another 5% from last year. Start here.
risk
credit quality
If provisions rise meaningfully from here, the market will stop treating 14.6x earnings like a routine bank multiple.
calendar
next earnings report
You want to see whether EPS strength is still coming from core banking or leaning on items that do not recur.
trend
institutional flow
Two straight quarters of net selling is not panic. A third straight quarter would start looking like a message.
Analyst rankings
short-term outlook
average
Momentum score 3. In human-speak, analysts do not see a strong edge either way over the next 12 months.
risk profile
average
Stability score 3 means this sits near the middle — not a bunker stock, not a chaos stock.
chart momentum
average
Technical score 3 says the chart is behaving like the market, not screaming a message on its own.
earnings predictability
70 / 100
That is decent for a bank, but not so high that you ignore credit costs, reserve shifts, or one-time items.
source: institutional data
Institutional activity
institutions have been net selling for 2 consecutive quarters — 100 buyers vs. 120 sellers in 3q2025. total institutional holdings: 23.0M shares. net selling for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$86
$161
$134
current price
$124
target midpoint · 8% from current · 3-5yr high: $165 (+25% · 7% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
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