BOK Financial (BOKF) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - For the quarter ended June 2024, BOK Financial reported revenue of $496.05 million, down 6.6% year-over-year, and EPS of $2.02 compared to $2.27 in the same quarter last year [1] - The reported revenue was below the Zacks Consensus Estimate of $520.43 million, resulting in a surprise of -4.69%, while the EPS exceeded the consensus estimate of $1.89 by +6.88% [1] Key Metrics - Efficiency Ratio was reported at 59.8%, better than the estimated average of 64.9% by three analysts [3] - Net Interest Margin stood at 2.6%, matching the three-analyst average estimate [3] - Net Charge-Offs as a percentage of Average Loans was 0.1%, consistent with the average estimate [3] - Average Interest Earning Assets had an average balance of $46.02 billion, exceeding the average estimate of $45.35 billion [3] - Net Interest Income (FTE) was reported at $298.22 million, above the average estimate of $296.47 million [3] - Total Non-Interest Income was $259.70 million, surpassing the estimated $226.07 million [3] - Net Interest Income was $296.02 million, compared to the average estimate of $294.37 million [3] Stock Performance - Shares of BOK Financial have returned +17.6% over the past month, significantly outperforming the Zacks S&P 500 composite's +0.4% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]