Trade BOK Financial Corp - BOKF CFD

BOK Financial Corporation Company profile

About BOK Financial Corporation

BOK Financial Corporation is a financial holding company. The Company operates through three lines of business: Commercial Banking, Consumer Banking, and Wealth Management. Commercial Banking includes lending, treasury and cash management services, customer commodity risk management products and TransFund electronic funds network. Consumer Banking includes retail lending and deposit services, lending and deposit services to small business customers served through the retail branch network, and all mortgage loan origination and servicing activities. Wealth Management engages in brokerage and trading activities, mainly related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts. Wealth Management also provides fiduciary services, private bank services, investment advisory services, and insurance services in all markets. Its wholly-owned subsidiary is BOKF, NA.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, BOK Financial Corporation interest income decreased 7% to $1.18B. Net interest income after loan loss provision increased 27% to $1.13B. Net income applicable to common stockholders increased 42% to $613.8M. Net interest income after loan loss provision reflects Funds Management & Other segment increase from $105.1M to $399.6M, Wealth Management segment increase of 82% to $214.3M.

Equity composition

Common Stock $.00006 Par, 12/11, 2.5B auth., 71,533,354 issd., less 3,380,310 shs. in Treas.@$150.7M. Insiders & Strategic holders own 61.08%. 6/91, 9,999 shares issd. through the conv. of 900K shs.2/99, 2-for-1 split; 12/91, 1-for-100 rev.; 5/04, 5/03,5/02, 5/01, 10/99, 11/98, 11/98, 11/97, 11/96, 3% div.