Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BOK Financial (BOKF) have what it takes?
BOKF's rising loans and deposit balances look encouraging. Yet, mounting expenses are concerning.
BOKF and PRMB made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 25, 2025.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BOK Financial (BOKF) have what it takes?
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
BOK Financial (BOKF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BOK Financial (BOKF) have what it takes?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BOK Financial Corporation (NASDAQ:BOKF ) Q4 2024 Earnings Conference Call January 21, 2025 1:00 PM ET Company Participants Heather King - Director, IR Stacy Kymes - President & CEO Marc Maun - EVP, Regional Banking Scott Grauer - EVP, Wealth Management Martin Grunst - EVP & CFO Conference Call Participants Jon Arfstrom - RBC Capital Markets Matt Olney - Stephens Peter Winter - D.A. Davidson Brett Rabatin - Hovde Group Woody Lay - KBW Tim Mitchell - Raymond James Timur Braziler - Wells Fargo Ben Gerlinger - Citi Operator Greetings, and welcome to BOK Financial Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Despite BOK Financial Corporation's impressive performance and positive financial results, I maintain a 'hold' rating due to concerns over its absolute valuation. The company saw significant revenue growth, driven by higher net interest income and non-interest income, particularly in fiduciary and asset management. BOK Financial's net income surged by 64.9% year-over-year, aided by reduced FDIC special assessments and increased mortgage banking revenue.
BOK Financial Corp. operates in the southwest and midwest U.S., offering consumer, commercial banking, and wealth management services under various brands like Bank of Oklahoma and Bank of Texas. Q4 earnings were strong with revenues up 4.4% to $525.6 million, and net income at $136.2 million, despite a slight dip from last year. Loans and deposits grew significantly, with loans at $24.1 billion and deposits at $38.2 billion, while the net interest margin improved to 2.75%.