BOK Financial
Market Cap
US$6.0b
Last Updated
2019/12/11 23:33 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
Snowflake Analysis
Excellent 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.8%
BOKF
2.7%
US Banks
1.1%
US Market
1 Year Return
5.6%
BOKF
22.7%
US Banks
17.8%
US Market
Return vs Industry: BOKF underperformed the US Banks industry which returned 22.7% over the past year.
Return vs Market: BOKF underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| BOKF | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 2.7% | 1.1% |
| 30 Day | 2.3% | 0.9% | 1.4% |
| 90 Day | 4.9% | 10.0% | 3.9% |
| 1 Year | 8.1%5.6% | 26.3%22.7% | 20.3%17.8% |
| 3 Year | 8.3%1.5% | 31.8%22.6% | 44.8%35.4% |
| 5 Year | 61.9%43.6% | 80.2%60.2% | 71.3%52.4% |
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
What Does BOK Financial Corporation's (NASDAQ:BOKF) Share Price Indicate?3 weeks ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In BOK Financial Corporation (NASDAQ:BOKF)1 month ago | Simply Wall St
Did You Miss BOK Financial's (NASDAQ:BOKF) 22% Share Price Gain?Valuation
Is BOK Financial undervalued compared to its fair value and its price relative to the market?
9.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BOKF ($84.29) is trading below our estimate of fair value ($92.96)
Significantly Below Fair Value: BOKF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BOKF is good value based on its PE Ratio (12.1x) compared to the Banks industry average (12.7x).
PE vs Market: BOKF is good value based on its PE Ratio (12.1x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: BOKF is poor value based on its PEG Ratio (99.9x)
Price to Book Ratio
PB vs Industry: BOKF is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is BOK Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
0.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOKF's forecast earnings growth (0.1% per year) is below the savings rate (1.7%).
Earnings vs Market: BOKF's earnings (0.1% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: BOKF's earnings are forecast to grow, but not significantly.
Revenue vs Market: BOKF's revenue (2.1% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: BOKF's revenue (2.1% 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 (9.9%).
Next Steps
Past Performance
How has BOK Financial performed over the past 5 years?
12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOKF has a high level of non-cash earnings.
Growing Profit Margin: BOKF's current net profit margins (28.4%) are higher than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: BOKF's earnings have grown by 12.6% per year over the past 5 years.
Accelerating Growth: BOKF's earnings growth over the past year (22%) exceeds its 5-year average (12.6% per year).
Earnings vs Industry: BOKF earnings growth over the past year (22%) underperformed the Banks industry 27.1%.
Return on Equity
High ROE: BOKF's Return on Equity (10.3%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: BOKF has a low level of unsold assets or inventory.
Debt Coverage by Assets: BOKF's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: BOKF's level of assets compared to its equity is low.
Allowance for Bad Loans: BOKF has a low allowance for bad loans.
Low Risk Liabilities: BOKF's liabilities are made up of primarily low risk sources of funding.
Loan Level: BOKF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BOKF's loans are broadly funded by customer deposits.
Level of Bad Loans: BOKF has an appropriate level of bad loans (1.19%)
Next Steps
Dividend
What is BOK Financial's current dividend yield, its reliability and sustainability?
2.42%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BOKF's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BOKF's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (3.67%).
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 (28.9%), 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 (29.8% payout ratio).
Next Steps
Management
What is the CEO of BOK Financial's salary, the management and board of directors tenure and is there insider trading?
7.6yrs
Average management tenure
CEO
Steve Bradshaw (59yo)
5.9yrs
Tenure
US$4,813,469
Compensation
Mr. Steven Glen Bradshaw, also known as Steve, serves as President and Chief Executive Officer of BOK Financial Corporation (“BOK Financial”) and BOKF, National Association ("BOKF") since January 1, 2014. ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.81M) is about average for companies of similar size in the US market ($USD6.70M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Management Age and Tenure
7.6yrs
Average Tenure
56yo
Average Age
Experienced Management: BOKF's management team is seasoned and experienced (7.6 years average tenure).
Board Age and Tenure
11.5yrs
Average Tenure
59yo
Average Age
Experienced Board: BOKF's board of directors are seasoned and experienced ( 11.5 years average tenure).
Insider Trading
Insider Buying: BOKF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 225 |
| Max Price | US$84.62 |
| Entity | Individual |
| Shares | 8,000 |
| Max Price | US$81.92 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$82.83 |
| Entity | Individual |
| Shares | 8,889 |
| Max Price | US$77.75 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$86.84 |
| Entity | Individual |
| Shares | 11,500 |
| Max Price | US$73.01 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 3,000 |
| Max Price | US$85.83 |
| Entity | Individual |
| Role | Chief Information Officer Executive VP & Chief Information Officer |
| Shares | 1,900 |
| Max Price | US$72.69 |
| Entity | Individual |
| Shares | 150 |
| Max Price | US$72.68 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.7%.
Management Team
John Morrow (63yo)
Senior VP & Chief Accounting Officer
- Tenure: 10.9yrs
Steven Nell (57yo)
Executive VP
- Tenure: 1.9yrs
- Compensation: US$1.79m
Steve Bradshaw (59yo)
President
- Tenure: 5.9yrs
- Compensation: US$4.81m
Frederic Dorwart
Secretary & Legal Counsel
- Tenure: 0yrs
Stacy Kymes (48yo)
Executive Vice President of Corporate Banking
- Tenure: 0yrs
- Compensation: US$1.65m
Scott Grauer (54yo)
Executive Vice President of Wealth Management
- Tenure: 0yrs
- Compensation: US$1.71m
Norm Bagwell (56yo)
Executive VP & Regional Banking Executive
- Tenure: 0yrs
- Compensation: US$1.58m
Dean Miller
Senior Vice President and Senior Compliance Manager
- Tenure: 9.3yrs
Joe Gottron (56yo)
Executive VP & Chief Information Officer
- Tenure: 2.3yrs
Sue Hermann
Senior VP & Director of Corporate Communications
- Tenure: 0.8yrs
Board Members
George Kaiser (76yo)
Chairman
- Tenure: 28.9yrs
Steven Nell (57yo)
Executive VP
- Tenure: 1.9yrs
- Compensation: US$1.79m
Steve Bradshaw (59yo)
President
- Tenure: 5.9yrs
- Compensation: US$4.81m
Joe Craft (68yo)
Independent Director
- Tenure: 12.7yrs
- Compensation: US$45.31k
E. Joullian (58yo)
Independent Director
- Tenure: 24.9yrs
- Compensation: US$54.06k
John Wilkinson
Chairman Emeritus of Colorado State Bank & Trust N A
- Tenure: 0yrs
Robert Goodman (74yo)
Vice Chairman Bank of Albuquerque N A and Director of Bank of Albuquerque N A
- Tenure: 0yrs
Dave Ralston (62yo)
Chairman & CEO of Bank of Arizona
- Tenure: 0yrs
Jennifer Thomas (59yo)
Chairman & CEO of Bank of Albuquerque
- Tenure: 10.3yrs
Norm Bagwell (56yo)
Executive VP & Regional Banking Executive
- Tenure: 0yrs
- Compensation: US$1.58m
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$5.994b
- Shares outstanding: 70.86m
- Website: https://www.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 |
| 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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 23:33 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.