BOK Financial
Market Cap
US$3.6b
Last Updated
2020/07/14 23:54 UTC
Data Sources
Company Financials +
Executive Summary
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.7% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has BOK Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BOKF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
BOKF
2.3%
US Banks
1.5%
US Market
1 Year Return
-33.1%
BOKF
-26.8%
US Banks
6.9%
US Market
Return vs Industry: BOKF underperformed the US Banks industry which returned -26.2% over the past year.
Return vs Market: BOKF underperformed the US Market which returned 5.3% over the past year.
Shareholder returns
| BOKF | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 2.3% | 1.5% |
| 30 Day | -9.1% | -5.6% | 5.9% |
| 90 Day | 12.5% | 6.8% | 17.9% |
| 1 Year | -31.1%-33.1% | -24.2%-26.8% | 9.2%6.9% |
| 3 Year | -34.6%-39.1% | -15.8%-22.6% | 36.4%27.5% |
| 5 Year | -13.3%-23.4% | 5.9%-7.0% | 64.9%47.0% |
Price Volatility Vs. Market
How volatile is BOK Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Much is BOK Financial's (NASDAQ:BOKF) CEO Getting Paid?1 month ago | Simply Wall St
Have BOK Financial Corporation (NASDAQ:BOKF) Insiders Been Selling Their Stock?1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At BOK Financial Corporation's (NASDAQ:BOKF) P/E RatioValuation
Is BOK Financial undervalued compared to its fair value and its price relative to the market?
8.11x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BOKF ($51.75) is trading above our estimate of fair value ($47.33)
Significantly Below Fair Value: BOKF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BOKF is good value based on its PE Ratio (8.1x) compared to the US Banks industry average (9.2x).
PE vs Market: BOKF is good value based on its PE Ratio (8.1x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: BOKF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BOKF's PB Ratio (0.7x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is BOK Financial forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-0.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOKF's earnings are forecast to decline over the next 3 years (-0.7% per year).
Earnings vs Market: BOKF's earnings are forecast to decline over the next 3 years (-0.7% per year).
High Growth Earnings: BOKF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BOKF's revenue (0.6% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: BOKF's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BOKF's Return on Equity is forecast to be low in 3 years time (7.1%).
Next Steps
Past Performance
How has BOK Financial performed over the past 5 years?
14.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOKF has high quality earnings.
Growing Profit Margin: BOKF's current net profit margins (26.7%) are lower than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: BOKF's earnings have grown by 14.8% per year over the past 5 years.
Accelerating Growth: BOKF's earnings growth over the past year (0.5%) is below its 5-year average (14.8% per year).
Earnings vs Industry: BOKF earnings growth over the past year (0.5%) underperformed the Banks industry 1.7%.
Return on Equity
High ROE: BOKF's Return on Equity (9%) is considered low.
Next Steps
Financial Health
How is BOK Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BOKF's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: BOKF has a sufficient allowance for bad loans (124%).
Low Risk Liabilities: 69% of BOKF's liabilities are made up of primarily low risk sources of funding.
Loan Level: BOKF has an appropriate level of Loans to Assets ratio (47%).
Low Risk Deposits: BOKF's Loans to Deposits ratio (76%) is appropriate.
Level of Bad Loans: BOKF has an appropriate level of bad loans (1.1%).
Next Steps
Dividend
What is BOK Financial current dividend yield, its reliability and sustainability?
3.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BOKF's dividend (3.94%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: BOKF's dividend (3.94%) is low compared to the top 25% of dividend payers in the US market (4.59%).
Stability and Growth of Payments
Stable Dividend: BOKF's dividends per share have been stable in the past 10 years.
Growing Dividend: BOKF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.8%), BOKF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BOKF's dividends in 3 years are forecast to be well covered by earnings (40.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average management tenure
CEO
Steve Bradshaw (60yo)
6.5yrs
Tenure
US$3,818,371
Compensation
Mr. Steven Glen Bradshaw, also known as Steve, serves as President and Chief Executive Officer of BOK Financial Corporation (“BOK Financial”) and BOKF, National Association ("BOKF") since January 1, 2014. ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD3.82M) is below average for companies of similar size in the US market ($USD5.85M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$3.82m | 0.36% $13.0m | |
| Executive VP | 2.5yrs | US$1.54m | 0.10% $3.7m | |
| Executive VP & Corporate Banking Executive | no data | US$1.53m | 0.082% $3.0m | |
| Executive Vice President of Wealth Management | no data | US$1.48m | 0.075% $2.7m | |
| Executive VP & Regional Banking Executive | no data | US$1.34m | 0.074% $2.7m | |
| Senior VP & Chief Accounting Officer | 11.5yrs | no data | 0.019% $704.8k | |
| Executive VP & Chief Information Officer | 2.83yrs | no data | 0.026% $936.2k | |
| Secretary & Legal Counsel | no data | no data | no data | |
| Senior Vice President and Senior Compliance Manager | 9.83yrs | no data | no data | |
| Senior VP & Director of Corporate Communications | 1.33yrs | no data | no data | |
| Director of National Sales & Trading | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | 0.083yr | no data | no data |
6.5yrs
Average Tenure
57yo
Average Age
Experienced Management: BOKF's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$3.82m | 0.36% $13.0m | |
| Executive VP | 2.5yrs | US$1.54m | 0.10% $3.7m | |
| Chairman & CEO of Bank of Arizona | no data | no data | no data | |
| Chairman & CEO of Bank of Albuquerque | 10.83yrs | no data | no data | |
| Independent Chairman | 29.5yrs | no data | 54.47% $2.0b | |
| Director | 27.25yrs | US$34.03k | 0.0033% $119.0k | |
| Director | 29.5yrs | US$49.28k | 0.047% $1.7m | |
| Independent Director | 13.25yrs | US$42.28k | 0.0045% $162.3k | |
| Independent Director | 25.5yrs | US$58.28k | 0.0064% $232.1k | |
| Chairman Emeritus of Colorado State Bank & Trust N A | no data | no data | no data | |
| Vice Chairman Bank of Albuquerque N A and Director of Bank of Albuquerque N A | no data | no data | no data | |
| Director | 2.5yrs | US$39.03k | no data |
13.3yrs
Average Tenure
63yo
Average Age
Experienced Board: BOKF's board of directors are seasoned and experienced ( 13.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BOKF insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BOK Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BOK Financial Corporation
- Ticker: BOKF
- Exchange: NasdaqGS
- Founded: 1910
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.638b
- Shares outstanding: 70.31m
- Website: https://investor.bokf.com
Number of Employees
Location
- BOK Financial Corporation
- Bank of Oklahoma Tower
- Boston Avenue at Second Street
- Tulsa
- Oklahoma
- 74172
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BOKF | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Sep 1991 |
| BJR | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1991 |
| BOKF.L | NasdaqGS (Nasdaq Global Select) | SUB NTS | US | USD | Jun 2016 |
Biography
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, and cash management services, as well as customer risk management products for small businesses, middle market, and larger commercial customers. This segment also operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through the retail branch network; and mortgage banking services. The Wealth Management segment offers fiduciary, private banking, and investment advisory services; insurance services; and brokerage and trading services, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage, personal, and home equity loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2019, it operated 2,463 TransFund ATM locations. BOK Financial Corporation was founded in 1910 and is headquartered in Tulsa, Oklahoma.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/14 23:54 |
| End of Day Share Price | 2020/07/14 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.