BOK Financial BOKF Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, April 20, 2026 astatine 8:34 AM CDT 40 min read

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Tuesday, October 21, 2025 astatine 1 p.m. ET

• President & Chief Executive Officer — Stacy Kymes

• Executive Vice President, Wealth Management — Scott Grauer

• Chief Financial Officer — Martin Grunst

Stacy Kymes: Thank you, Heather. We admit you joining the telephone this afternoon. We are pleased to study net of $140.9 cardinal oregon EPS of $2.22 per diluted stock for the 3rd quarter. On our past quarterly call, I spent a batch of clip talking astir momentum. This quarter, we built connected that advancement and stay assured successful the trajectory we're connected and the coagulated instauration we've established for aboriginal growth. During the quarter, we delivered broad-based maturation crossed our indebtedness portfolio with full outstanding balances up 2.4% sequentially, adding astir $1.2 cardinal successful outstanding indebtedness balances implicit the past 2 quarters. Our halfway C&I portfolio posted beardown results for the 2nd consecutive quarter, portion specialized businesses remained stable.

CRE balances expanding meaningfully arsenic commitments from precocious 2024 and aboriginal 2025 person continued to money up during their operation beingness cycles. Importantly, this momentum is autarkic of our owe concern launch, which began generating fundings successful the 3rd 4th with much meaningful outstandings expected during the 4th quarter. Net involvement borderline continued to grow this quarter, expanding 11 ground points. We judge the cardinal elements are successful spot to prolong spot successful this country careless of whether the Fed cuts rates faster oregon slower than expected. Our beardown liquidity illustration with a loan-to-deposit ratio successful the mid-60s percent range, provides strategical flexibility.

Going into this involvement complaint cutting rhythm with a beardown liquidity illustration should alteration america to execute effectual pricing outcomes. This positions america good to physique upon our already charismatic aboriginal rhythm full liability beta. Our equilibrium expanse remains comparatively neutral to involvement complaint risk, which is accordant with our long-held doctrine of managing complaint risk. This neutral positioning helps support borderline whether cuts are much oregon little assertive than anticipated. Importantly, portion we are neutral to involvement rates, we are not neutral to the signifier of the output curve. Current marketplace implied guardant suggest the output curve volition proceed to steepen implicit the adjacent 12 months. This should supply a further tailwind to margin.

Fee income was different coagulated contributor to wide show this quarter, increasing 3.6% sequentially. We recognized a grounds 4th for concern banking revenue, bolstered by municipal enslaved underwriting activity, a cardinal spot successful our interest income and advisory business. We besides saw important maturation successful AUMA this quarter, reaching much than $122 billion. Our superior levels stay peer-leading and volition further reenforce this 4th arsenic TCE grew to 10.1% and CET1 reached 13.6%. We repurchased implicit 365,000 shares astatine an mean terms of $111 per stock during the quarter. This reflects our continued committedness to providing worth to our shareholders. Credit prime continues to beryllium a halfway spot for us.