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BOK Financial Corporation

BOKF Financial Banks Regional

BOK Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, down 2.78% from fiscal 2024.

Revenue
+0.31%
EPS
+19.8%
Free cash flow
−68.5%
Total debt
+28.6%

Quarter to September 2026, against a year earlier

129.90 2.30 −1.74%
Market cap
$7.9B
P/E
11.8×
Fwd P/E
12.2×
Dividend yield
1.94%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 2.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 — — 1 2 — 1 2 — — —
Insider Ownership 63.13%

Capital & Financial Ratios $m

Size
Market Cap 7,900.00
Revenue ttm 3,431.82
Net income ttm 669.44
Free cash flow ttm 840.22
Net debt Q (1,156.29)
Valuation
P/E 11.76
Forward P/E 12.20
Price / sales 2.28
Forward P/S Powerpack
Price / FCF 9.29
Price / book 1.32
Financial health
Current ratio Q 0.81
Debt / equity Q 0.70
Interest coverage Q —
Growth
Revenue growth Q +0.31% (above 0%: growing)
Operating income growth Q +13.70% (above 0%: growing)
EPS, this year +16.17% (at or above 15%: strong)
EPS, next year A +1.10%
Revenue, next year A −32.95% (below 0%: weak)
EPS, past 5 yrs +8.18%
EPS, next 5 yrs A +8.33%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 34.40%
10-year low 10-year high
P/S against its own 10 years 32.78%
10-year low 10-year high
P/B against its own 10 years 65.60%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.94%
Annual rate
2.52
Payout ratio
22.8%
Growth, 2017–25
+3.55%/yr
  1. 1.77 ’17
  2. 1.90 ’18 +7
  3. 2.01 ’19 +6
  4. 2.05 ’20 +2
  5. 2.09 ’21 +2
  6. 2.13 ’22 +2
  7. 2.17 ’23 +2
  8. 2.22 ’24 +2
  9. 2.34 ’25 +5
  10. 2.52 ’26e +8
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6,542 6,334 7,051 5,322
Receivables — — — —
Inventory — — — —
Other — — — —
30,936 30,532 32,876 33,917
2023 2024 2025 Q'26
Payables 34,020 38,191 39,435 39,531
ST’ Debt — — — —
Other — — — —
35,481 39,836 41,310 41,679

Compound Annual Growth %

10y 5y 3y
Sales 9.02% 9.86% 18.41%
Cash Flow 9.59% 0.00% (47.54%)
Earnings 7.25% 5.83% 3.58%
Book Value 6.12% 2.27% 8.10%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.54 Actual 2.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.13 2.48 Beat by 0.35
Q1 FY26 2.30 2.58 Beat by 0.28
Q2 FY26 2.56 2.59 Beat by 0.03
Q3 FY26 2.54 2.64 Beat by 0.10
Q4 FY26 2.58 — Reports 15 January 2027

EPS $

Mar Jun Sep Dec Year
’26 2.58 2.92 2.66 — —
’25 1.86 2.19 2.22 2.89 9.17
’24 1.29 2.54 2.18 2.12 8.14
’23 2.43 2.27 2.04 1.26 8.02
’22 0.91 1.96 2.32 2.51 7.68
’21 2.10 2.40 2.74 1.71 8.95
’20 0.88 0.92 2.19 2.21 6.19
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 827 877 858 — —
’25 805 850 855 870 3,379
’24 807 932 889 849 3,476
’23 695 779 815 843 3,132
’22 371 463 553 649 2,035
’21 475 487 523 450 1,936
’20 529 540 525 518 2,111
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (249) 1,123 280 — —
’25 20 89 868 (238) 740
’24 179 464 247 541 1,430
’23 2,465 (3,025) 1,088 (462) 66
’22 3,933 2,502 909 (2,222) 5,122
’21 (219) (269) 404 (3,609) (3,693)
’20 (1,743) 2,529 (426) (777) (416)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (276) 1,100 267 — —
’25 (23) 71 846 (251) 644
’24 143 425 215 501 1,284
’23 2,413 (3,042) 1,065 (496) (60)
’22 3,905 2,422 883 (2,242) 4,968
’21 (238) (274) 440 (3,659) (3,732)
’20 (1,768) 2,513 (439) (791) (484)
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 18.2% a year for ten years. It grew 3.3% a year over the last ten.

Implied
18.2%
10 years, reported
3.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,503 1,668 1,845 2,227 2,111 1,936 2,035 3,132 3,476 3,379 3,432 +9.4% 2,266 2,395 2,544 (9.0%)
Gross margin, % 94.55 92.14 86.80 81.18 92.40 96.80 91.12 65.83 58.99 64.37 66.85 (30.2) pt
EBT 339 518 565 631 564 796 660 683 667 741 857 +9.1%
EBT margin, % 22.53 31.07 30.65 28.33 26.71 41.13 32.43 21.81 19.18 21.92 24.96 (0.6) pt
Net income 232 336 446 501 435 616 520 531 524 578 669 +10.7%
Per share, $
Per share, $ Revenue 23.09 25.76 27.69 31.46 30.23 28.22 30.28 47.71 54.53 53.96 57.10 +9.9%
Earnings 3.53 5.11 6.63 7.03 6.19 8.95 7.68 8.02 8.14 9.17 11.05 +11.2%
Cash flow (1.41) 3.32 (8.28) (6.69) (5.96) (53.83) 76.21 1.01 22.44 11.81 15.24 n/m
Capex (0.01) 0.36 (0.83) (4.55) (0.97) (0.57) (2.30) (1.92) (2.30) (1.53) (1.26) +69.2%
Free cash flow (1.43) 3.68 (9.11) (11.24) (6.93) (54.41) 73.91 (0.91) 20.14 10.28 13.98 n/m
Book value 50.80 54.34 66.68 68.71 75.77 78.27 69.74 78.37 87.08 94.55 98.42 +7.1%
Shares, m 65 65 67 71 70 69 67 66 64 63 61 (0.4%)
Valuation, ×
Valuation, × P/E 23.18 18.04 11.03 12.43 11.05 11.79 12.85 10.75 13.09 12.93 11.76 13.7
P/S 3.54 3.59 2.65 2.78 2.27 3.74 3.27 1.80 1.95 2.20 2.28 2.8
P/B 1.61 1.70 1.10 1.27 0.90 1.35 1.42 1.10 1.22 1.25 1.32 1.3
EV/Sales 4.95 5.08 4.44 3.64 0.50 (2.36) 2.78 2.21 1.04 1.04 — 2.3
EV/FCF (80.16) 35.60 (13.48) (10.19) (2.17) 1.22 1.14 (115.55) 2.81 5.45 — (17.5)
Cash, $m
Cash, $m Operating cash flow (92) 215 (552) (474) (416) (3,693) 5,122 66 1,430 740 916 n/m
Capex (1) 23 (55) (322) (68) (39) (154) (126) (146) (96) (76) +68.5%
Free cash flow (93) 238 (607) (796) (484) (3,732) 4,968 (60) 1,284 644 840 n/m
Balance, $m
Balance, $m Working capital (2,921) (2,358) (1,235) (5,842) (9,062) (11,447) (8,481) (4,545) (9,304) (8,433) (7,762) +12.5%
Net debt 2,116 2,500 3,300 1,920 (3,730) (11,806) (998) 1,291 (3,172) (3,908) (1,156) n/m
Shareholders’ equity 3,306 3,518 4,443 4,864 5,292 5,368 4,687 5,145 5,551 5,921 5,915 +6.7%
Returns, %
Returns, % ROA 0.72 1.03 1.26 1.24 0.97 1.28 1.05 1.08 1.04 1.13 1.28 +0.4 pt
ROIC 3.90 5.38 4.56 5.81 22.56 0.00 11.18 6.63 17.52 23.00 11.25 +19.1 pt
ROE 7.08 9.81 11.10 10.69 8.52 11.60 10.27 10.71 9.70 10.01 11.15 +2.9 pt
People
People Employees 4,884 4,930 5,313 5,107 4,915 4,711 4,791 4,877 5,056 5,034 — +0.3%
Revenue/emp, $m 0.31 0.34 0.35 0.44 0.43 0.41 0.42 0.64 0.69 0.67 — +9.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

BOK Financial Corporation is a financial holding company headquartered in Tulsa, Oklahoma. Founded in 1910 and incorporated in Oklahoma in 1990, it provides banking and other financial services to businesses, financial institutions and consumers. Its wholly owned bank, BOKF, NA, operates banking divisions across eight states.

The company accepts deposits and makes loans. It also helps businesses manage cash and offers products customers can use to manage commodity-price risks. For individuals, its services include mortgages, private banking, brokerage and investment advice. Its wealth businesses also provide fiduciary services, which involve managing assets on clients’ behalf.

BOK Financial Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ZION Zions Bancorporation, N.A. $9.5B 8.0× 8.2× −0.80% (below 0%: shrinking) +20.27% (above 0%: growing) +518.28% (above 0%: growing) 70.88% 0.00% Compare
CBC Central Bancompany $9.0B 20.6× 18.2× +10.36% (above 0%: growing) +9.05% (above 0%: growing) −5.17% (below 0%: shrinking) 85.56% 0.00% Compare
PB Prosperity Bancshares, Inc. $8.6B 13.1× 12.8× +50.23% (above 0%: growing) −18.63% (below 0%: shrinking) +70.11% (above 0%: growing) 75.10% 0.00% Compare
COLB Columbia Banking System, Inc. $8.6B 10.6× 10.4× +11.63% (above 0%: growing) +95.00% (above 0%: growing) +238.82% (above 0%: growing) 76.21% 0.00% Compare
WAL Western Alliance Bancorporation $8.2B 8.4× 8.5× +3.58% (above 0%: growing) +6.52% (above 0%: growing) +218.45% (above 0%: growing) 69.28% 0.00% Compare
BOKF BOK Financial Corporation $7.9B 11.8× 12.2× +0.31% (above 0%: growing) +19.82% (above 0%: growing) −68.48% (below 0%: shrinking) 65.45% 0.00%
CBSH Commerce Bancshares, Inc. $7.8B 13.3× 13.0× +8.97% (above 0%: growing) +1.89% (above 0%: growing) +68.33% (above 0%: growing) 84.16% 0.00% Compare
VLY Valley National Bancorp $7.7B 11.0× 11.0× +4.94% (above 0%: growing) +28.57% (above 0%: growing) +2.65% (above 0%: growing) 62.42% 0.00% Compare
UBSI United Bankshares, Inc. $6.6B 13.1× 12.9× −2.30% (below 0%: shrinking) +2.17% (above 0%: growing) +14.62% (above 0%: growing) 70.33% 0.00% Compare
Median of peers $8.4B 12.1× 11.9× +6.96% +7.79% +69.22% 72.99% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 19 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.24m 7.15m 194.00
2024 6.08m 9.68m 171.00
2023 4.61m 3.97m 134.00
2022 3.43m 2.77m 159.00
2021 4.77m 4.25m 158.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

BOK Financial Corporation (BOKF) Latest News

22 Oct

Impact 3 · · StockStory

21 Oct

Impact 4 · · The Motley Fool
Impact 4 · · StockStory
Impact 3 · · Simply Wall St.

20 Oct

Impact 4 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat

19 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · ACCESS Newswire

17 Oct

Impact 3 · · StockStory

15 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

14 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

12 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

8 Oct

Impact 3 · · Zacks

3 Sep

Impact 4 ·

1 Sep

Impact 3 ·

30 Jul

Impact 3 ·

27 Jul

Impact 3 ·

26 Jul

Impact 3 ·
Impact 3 ·

21 Jul

Impact 4 ·
Impact 3 · · MarketBeat

BOKF metrics, ten years each

stockrow.com/BOKF · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com