BOK Financial reported second quarter earnings of $2.92 per share, beating the analyst consensus estimate of $2.63 by 11.03%. This represents a 33.33% increase over earnings of $2.19 per share from the same period last year. The company reported quarterly sales of $589.402 million, which beat the analyst consensus estimate of $568.055 million by 3.76%. This is a 10.17% increase over sales of $535.000 million in the same period last year.

The company achieved record quarterly loan growth of 3.4% sequentially, or 13.7% on an annualized basis, driven largely by the C&I portfolio. Fiduciary and asset management revenue reached record levels, contributing significantly to fee-based income. Net interest margin remained stable with expectations for expansion in the latter half of the year. Capital levels are strong, with tangible common equity at 9.6% and CET1 at 12.9%.

Financial Performance and Guidance

BOK Financial reported net earnings of $176.5 million for Q2 2026. Adjusted earnings were $156.5 million, or $2.59 per share, excluding a net gain related to the exchange of Visa B shares and securities repositioning. The company raised its full-year 2026 loan growth guidance to over 10%, up from previous expectations. Total revenue guidance remains in the mid-single-digit range, now expected to be in the upper portion. Net interest income is projected to be in the upper half of the $1.42 to $1.45 billion range, while fee income is expected to be in the lower half of the $820 to $845 million range.

Credit Quality and Asset Management

Loan portfolio quality remains excellent, with non-performing assets to period-end loans and repossessed assets consistent at 20 basis points. Net charge-offs were $500,000 during the quarter. No provision for credit losses was required. Assets under management or administration (AUMA) grew $5.7 billion during the quarter to $129.3 billion, an annual growth rate of nearly 10%.

Analyst Ratings and Price Targets

Recent analyst activity included several rating changes and price target adjustments leading up to the earnings release.

Company Overview

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).

Citigroup analyst Benjamin Gerlinger has maintained a Neutral rating on BOK Financial (NASDAQ: BOKF) and raised the price target to $141 from $138. The adjustment reflects a revised outlook on the stock's valuation potential while retaining a neutral stance on its performance relative to the market.

Analyst Rating

The Neutral rating suggests that the stock is expected to perform in line with the broader market. The increased price target to $141 indicates a modest upward revision in the firm's valuation expectations compared to the previous target of $138.

Company Overview

BOK Financial is listed on NASDAQ under the ticker symbol BOKF. The company operates in the financial sector, providing various banking and financial services.