Saturday 17 October 2026
Export BOKF’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 3.20%, EPS grew 33.3%, free cash flow grew 1,441.5% and total debt fell 16.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
124.88
0.12
−0.10%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 44.13 | 73.44 | 69.96 | 72.29 | 34.57 | 67.99 | 70.21 | 62.42 | 77.86 | 85.08 |
Analyst estimates 2026–2028 Powerpack |
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| High | 85.00 | 93.97 | 107.00 | 93.72 | 87.97 | 110.75 | 120.20 | 106.47 | 121.58 | 122.16 | |||||
| People | |||||||||||||||
| People | Employees | 4,884 | 4,930 | 5,313 | 5,107 | 4,915 | 4,711 | 4,791 | 4,877 | 5,056 | 5,034 | ||||
| Revenue/emp, $m | 0.31 | 0.34 | 0.35 | 0.44 | 0.43 | 0.41 | 0.42 | 0.64 | 0.69 | 0.67 | |||||
| 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 | ||||
| Gross margin, % | 94.55 | 92.14 | 86.80 | 81.18 | 92.40 | 96.80 | 91.12 | 65.83 | 58.99 | 64.37 | |||||
| EBT | 339 | 518 | 565 | 631 | 564 | 796 | 660 | 683 | 667 | 741 | |||||
| EBT margin, % | 22.53 | 31.07 | 30.65 | 28.33 | 26.71 | 41.13 | 32.43 | 21.81 | 19.18 | 21.92 | |||||
| Net income | 232 | 336 | 446 | 501 | 435 | 616 | 520 | 531 | 524 | 578 | |||||
| Depreciation | 89 | 83 | 92 | 78 | 104 | 121 | 117 | 90 | 60 | 58 | |||||
| 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 | ||||
| Earnings | 3.53 | 5.11 | 6.63 | 7.03 | 6.19 | 8.95 | 7.68 | 8.02 | 8.14 | 9.17 | |||||
| Cash flow | (1.41) | 3.32 | (8.28) | (6.69) | (5.96) | (53.83) | 76.21 | 1.01 | 22.44 | 11.81 | |||||
| Capex | (0.01) | 0.36 | (0.83) | (4.55) | (0.97) | (0.57) | (2.30) | (1.92) | (2.30) | (1.53) | |||||
| Free cash flow | (1.43) | 3.68 | (9.11) | (11.24) | (6.93) | (54.41) | 73.91 | (0.91) | 20.14 | 10.28 | |||||
| Book value | 50.80 | 54.34 | 66.68 | 68.71 | 75.77 | 78.27 | 69.74 | 78.37 | 87.08 | 94.55 | |||||
| Shares, m | 65 | 65 | 67 | 71 | 70 | 69 | 67 | 66 | 64 | 63 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 23.18 | 18.04 | 11.03 | 12.43 | 11.05 | 11.79 | 12.85 | 10.75 | 13.09 | 12.93 | ||||
| P/S | 3.54 | 3.59 | 2.65 | 2.78 | 2.27 | 3.74 | 3.27 | 1.80 | 1.95 | 2.20 | |||||
| P/B | 1.61 | 1.70 | 1.10 | 1.27 | 0.90 | 1.35 | 1.42 | 1.10 | 1.22 | 1.25 | |||||
| EV/Sales | 4.95 | 5.08 | 4.44 | 3.64 | 0.50 | (2.36) | 2.78 | 2.21 | 1.04 | 1.04 | |||||
| EV/FCF | (80.16) | 35.60 | (13.48) | (10.19) | (2.17) | 1.22 | 1.14 | (115.55) | 2.81 | 5.45 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (92) | 215 | (552) | (474) | (416) | (3,693) | 5,122 | 66 | 1,430 | 740 | ||||
| Capex | (1) | 23 | (55) | (322) | (68) | (39) | (154) | (126) | (146) | (96) | |||||
| Free cash flow | (93) | 238 | (607) | (796) | (484) | (3,732) | 4,968 | (60) | 1,284 | 644 | |||||
| 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) | ||||
| Total debt | 4,991 | 5,280 | 6,400 | 4,803 | 2,159 | 168 | 4,868 | 7,833 | 3,161 | 3,143 | |||||
| Net debt | 2,116 | 2,500 | 3,300 | 1,920 | (3,730) | (11,806) | (998) | 1,291 | (3,172) | (3,908) | |||||
| Shareholders’ equity | 3,306 | 3,518 | 4,443 | 4,864 | 5,292 | 5,368 | 4,687 | 5,145 | 5,551 | 5,921 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.72 | 1.03 | 1.26 | 1.24 | 0.97 | 1.28 | 1.05 | 1.08 | 1.04 | 1.13 | ||||
| ROIC | 3.90 | 5.38 | 4.56 | 5.81 | 22.56 | 0.00 | 11.18 | 6.63 | 17.52 | 23.00 | |||||
| ROE | 7.08 | 9.81 | 11.10 | 10.69 | 8.52 | 11.60 | 10.27 | 10.71 | 9.70 | 10.01 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| BSMX Grupo Financiero Santander Mexico S.A. B. de C.V. | $8.3B | 5.1× | — | +69.52% (above 0%: growing) | +66.67% (above 0%: growing) | −144.08% (below 0%: shrinking) | 51.50% | 0.00% | Compare |
| PB Prosperity Bancshares, Inc. | $8.1B | 11.7× | 12.3× | +19.38% (above 0%: growing) | +17.61% (above 0%: growing) | +70.11% (above 0%: growing) | 75.21% | 0.00% | Compare |
| WAL Western Alliance Bancorporation | $8.1B | 8.4× | 8.3× | +9.83% (above 0%: growing) | +13.46% (above 0%: growing) | +0.90% (above 0%: growing) | 69.60% | 0.00% | Compare |
| COLB Columbia Banking System, Inc. | $8.1B | 11.3× | 10.0× | +22.18% (above 0%: growing) | 0.00% | +238.82% (above 0%: growing) | 75.39% | 0.00% | Compare |
| CBSH Commerce Bancshares, Inc. | $8.0B | 13.5× | 13.0× | +12.33% (above 0%: growing) | −3.51% (below 0%: shrinking) | +68.33% (above 0%: growing) | 84.73% | 0.00% | Compare |
| CBC Central Bancompany | $8.0B | 18.4× | 14.9× | +10.36% (above 0%: growing) | +9.05% (above 0%: growing) | −5.17% (below 0%: shrinking) | 85.56% | 0.00% | Compare |
| BOKF BOK Financial Corporation | $7.6B | 11.8× | 12.5× | +3.20% (above 0%: growing) | +33.33% (above 0%: growing) | +1,441.49% (above 0%: growing) | 67.23% | 0.00% | |
| VLY Valley National Bancorp | $7.1B | 10.6× | 10.8× | +4.09% (above 0%: growing) | +30.43% (above 0%: growing) | +2.65% (above 0%: growing) | 62.09% | 0.00% | Compare |
| UBSI United Bankshares, Inc. | $6.4B | 12.7× | 12.1× | +0.89% (above 0%: growing) | +11.76% (above 0%: growing) | +14.62% (above 0%: growing) | 70.90% | 0.00% | Compare |
| Median of peers | $8.0B | 11.5× | 12.1× | +11.35% | +12.61% | +8.64% | 73.06% | 0.00% |
BOK Financial Corporation (BOKF) key facts
- Concern: BOK Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, down 2.78% from fiscal 2024.
- BOK Financial Corporation (BOKF) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, BOKF traded at $124.88, a market capitalization of $7.6 billion.
- BOK Financial Corporation pays an annual dividend of $2.52 per share, a yield of 2.02%, with a payout ratio of 23.8%.
- Return on equity was 10.0% and debt-to-equity 0.57.
- Its Piotroski F-score is 8 out of 9 for fiscal 2025.