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On its third-quarter 2026 earnings call, held on Oct. 20, 2026, BOK Financial (BOKF -0.05%) reported net income of $159.9 million. The regional bank's short balance sheet duration cushions capital against benchmark interest rate swings.

Three things management said stand out.

1. Fixed-Rate Asset Repricing Accelerates Net Interest RevenueThe bank reaps expanding yield as maturing lower-yielding securities roll into higher market rates, supporting net interest margin (NIM, the percentage difference between interest earned on assets and paid on liabilities). This recurring cash flow reinvestment generates steady top-line growth without taking on extra duration risk.

In the third quarter, portfolio runoff was $770 million at an average yield of approximately 3.3%. Those cash flows were reinvested at an average yield slightly over 5.1%, representing a yield pickup of more than 180 basis points.
-- Martin E. Grunst, Chief Financial Officer2. Diversified Fee Revenues Cushion Volatility in Rate-Sensitive MarketsRising long-term interest rates reduced fixed income trading and mortgage origination activity across the banking industry. BOK Financial relies on its fiduciary asset management and transaction card operations to generate steady fee income during cyclical slowdowns.

History has shown that these businesses can provide significant earnings momentum when rates decline and mortgage activity rebounds. That long term countercyclical benefit is a key component of our diversified business model.
-- Scott Bradley Grauer, Executive Vice President of Wealth Management3. High Capital Reserves Safeguard Equity Above Industry AveragesManagement maintains tangible common equity (TCE, a measure of core bank capital excluding intangible assets relative to tangible assets) well above regulatory and peer baselines. This balance sheet discipline protects common equity against yield curve shifts without compromising loan expansion.

Our current TCE is 9.2%. Well above the TCE for the broader KRX index. This is by design and reflects how we have managed the balance sheet over many years.
-- Stacy C. Kymes, Chief Executive OfficerLooking AheadCommercial banker hiring accelerates across core growth markets, giving BOK Financial a recruiting edge during regional bank disruption.

We think that is the best way for us to grow in the current environment. And we have become an employer of choice for many who want to do business a certain way, very relationship driven, that is been effective for us.
-- Stacy C. Kymes, Chief Executive OfficerDisciplined underwriting and risk management safeguard asset quality, while pricing discipline preserves long-term shareholder value.

Our underwriting standards portfolio diversification, and risk management approach are designed to perform throughout the credit cycle. And we continue to feel very good about the quality of the book.
-- Stacy C. Kymes, Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

BOK Financial NASDAQ: BOKF reported third-quarter 2026 net income of $159.9 million, or $2.64 per diluted share, as loan growth and net interest margin expansion helped offset pressure on market-sensitive fee businesses caused by rising long-term interest rates.

Chief Executive Officer Stacy Kymes said the company’s results were supported by “quality loan growth,” margin expansion, expense discipline and strong credit performance. Total loans increased $646 million, or 2.4%, from the prior quarter and 11.5% from a year earlier.

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Loan growth led by energy, mortgage warehouse and CRE BOK Financial’s energy loan portfolio increased $264 million, or 8.6%, during the quarter, driven by increased utilization among existing clients and new loan production. Kymes said the company had benefited as activity in the energy sector normalized following elevated payoff activity last year associated with industry consolidation and favorable debt capital markets.

Commercial real estate loans rose 4.2% sequentially, with growth across industrial, retail and other property lending. Kymes said the company remained below its internal CRE concentration limits and continued to emphasize recourse lending. He noted that higher long-term rates could affect paydowns and make some loans “a little stickier,” potentially supporting portfolio growth.

Mortgage warehouse balances increased $137 million to $589 million, while active warehouse commitments rose by more than $500 million to $1.4 billion. Loans funded through warehouse lines grew 23%. Kymes said the business was still relatively early in its development, with utilization in the low 30% range and potential to move closer to 50% as client relationships mature.

The company’s core commercial and industrial portfolio was slightly higher sequentially and up 10.9% year over year. Healthcare loans fell 1.4% during the quarter but remained 3.8% above the prior-year level. Kymes said BOK Financial had not yet seen higher rates materially affect loan demand in its markets and continued to expect loan growth above 10% for the full year.

Margin expands as securities reprice Net interest income increased $18.1 million from the second quarter, while net interest margin expanded nine basis points to 3.0%. Excluding trading activity, core net interest income rose $15.1 million and core margin increased eight basis points.

Chief Financial Officer Marty Grunst said loan growth and the repricing of fixed-rate assets drove the improvement. The company’s relatively short-duration securities portfolio provides $600 million to $700 million of quarterly cash flows available for reinvestment, he said. During the third quarter, $770 million of securities ran off at an average yield of about 3.3% and were reinvested at an average yield slightly above 5.1%.

Grunst said management expects net interest margin to remain stable in the near term, while fixed-rate asset repricing remains a positive driver. He also cited competitive loan and deposit pricing as a potential offset. Kymes added that while the company is broadly rate-neutral, changes in the yield curve’s shape can influence results.

Deposits declined on an ending-balance basis during the quarter, but Grunst said average deposit balances and end-of-quarter balances were largely consistent. Average balances increased across every disclosed line of business, he said, describing the underlying deposit trend as growth rather than deterioration.

Fee income declines as rates pressure trading and mortgages Total fees and commissions were $188 million, down $14 million sequentially. Markets and securities revenue declined $15.2 million to $36.2 million as the 10-year Treasury yield rose nearly 80 basis points during the quarter.

Total trading revenue, including both trading fees and trading-related net interest income, was $15 million, compared with $25 million in the prior quarter. Trading fees were negative $6.3 million, while trading-related net interest income was $21.3 million.

Executive Vice President of Wealth Management Scott Grauer said rapidly rising rates reduced mortgage origination activity and challenged fixed-income markets. He said the trading business needed “stability and acclimation” in rates rather than lower absolute rate levels to return to more favorable conditions. Kymes said the pace of rate changes had moderated in the early weeks of October, supporting management’s view that trading activity could stabilize.

Investment banking revenue increased $4.3 million, driven by municipal bond underwriting, while syndication fees declined $3.4 million after a strong second quarter. Fiduciary and asset management revenue totaled $69.9 million, with assets under management and administration stable at $129.3 billion. Transaction card revenue reached a quarterly record of $32.2 million.

Credit metrics remain low; full-year outlook maintained Nonperforming assets not guaranteed by the U.S. government increased $3.3 million to $58 million, or 21 basis points of period-end loans and repossessed assets. Net charge-offs were $886,000, and the company’s combined allowance for credit losses was $322 million, or 1.16% of outstanding loans.

Management recorded no provision for credit losses in the quarter, as improved economic forecast assumptions offset the impact of loan growth. Grunst said BOK Financial expects full-year 2026 provision expense to be below $10 million.

Total expenses were largely unchanged from the prior quarter. Personnel expenses, excluding deferred compensation changes, increased $6.5 million because of talent investments, production-related incentive compensation and higher healthcare costs. The company tightened its full-year expense-growth outlook to roughly 1% from the prior year and expects an efficiency ratio of about 62%, or near 63% excluding the second-quarter Visa gain.

For 2026, BOK Financial maintained its forecast for loan growth above 10% and total revenue growth in the mid-single digits. The company expects net interest income of $1.43 billion to $1.44 billion and fee income exceeding $800 million, assuming one additional rate hike in the fourth quarter and long-term rates consistent with the current forward curve.

About BOK Financial (NASDAQ:BOKF)BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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BOK Financial (BOKF - Free Report) came out with quarterly earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $2.22 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.94%. A quarter ago, it was expected that this Regional banking operator would post earnings of $2.56 per share when it actually produced earnings of $2.59, delivering a surprise of +1.17%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

BOK Financial, which belongs to the Zacks Banks - Southwest industry, posted revenues of $557.93 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 1.91%. This compares to year-ago revenues of $548.35 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BOK Financial shares have added about 5.4% since the beginning of the year versus the S&P 500's gain of 11.9%.

What's Next for BOK Financial?While BOK Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BOK Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.60 on $580.41 million in revenues for the coming quarter and $10.29 on $2.27 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Prosperity Bancshares (PB - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 28.

This financial holding company is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +12.4%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.

Prosperity Bancshares' revenues are expected to be $498.01 million, up 58.3% from the year-ago quarter.

TULSA, OK / ACCESS Newswire / October 19, 2026 / BOK Financial Corporation (NASDAQ:BOKF) today reported operating results for the third quarter ended September 30, 2026. The earnings release can be viewed here: https://investor.bokf.com/Q3-2026-Earnings-Full-Release-PDF

BOK Financial Corporation will host a conference call to review third quarter 2026 financial results at noon central time on Tuesday, October 20, 2026. To access the event by telephone, please dial 1.833.461.5787 toll free, or 1.585.542.9983, conference ID: 717 984 566.

For those unable to join the live presentation, a webcast replay will be available shortly after the live call's conclusion on the company's investor relations website or by dialing 1.833.309.1852 and referencing replay PIN 717 984 566. A replay of the webcast will also be available for 90 days on the company's investor relations website: https://investor.bokf.com/corporate-profile/default.aspx.

About BOK Financial Corporation
BOK Financial Corporation is a $54 billion regional financial services company headquartered in Tulsa, Oklahoma with $129 billion in assets under management or administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee, and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

Contact:
Heather King
Director of Investor Relations
214.676.4666

SOURCE: BOK Financial

In its upcoming report, BOK Financial (BOKF - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.54 per share, reflecting an increase of 14.4% compared to the same period last year. Revenues are forecasted to be $568.79 million, representing a year-over-year increase of 3.7%.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

That said, let's delve into the average estimates of some BOK Financial metrics that Wall Street analysts commonly model and monitor.

Analysts' assessment points toward 'Efficiency Ratio' reaching 64.4%. Compared to the current estimate, the company reported 66.7% in the same quarter of the previous year.

The consensus among analysts is that 'Net Interest Income (FTE)' will reach $367.73 million. The estimate is in contrast to the year-ago figure of $340.21 million.

The collective assessment of analysts points to an estimated 'Total Non-Interest Income (Total other operating revenue)' of $203.80 million. The estimate is in contrast to the year-ago figure of $210.71 million.

The consensus estimate for 'Net Interest Income' stands at $364.99 million. The estimate compares to the year-ago value of $337.65 million.

View all Key Company Metrics for BOK Financial here>>>

Over the past month, BOK Financial shares have recorded returns of -8.2% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #3 (Hold), BOKF will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering BOK Financial (BOKF - Free Report) , which belongs to the Zacks Banks - Southwest industry.

When looking at the last two reports, this Regional banking operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.67%, on average, in the last two quarters.

For the most recent quarter, BOK Financial was expected to post earnings of $2.56 per share, but it reported $2.59 per share instead, representing a surprise of 1.17%. For the previous quarter, the consensus estimate was $2.3 per share, while it actually produced $2.58 per share, a surprise of 12.17%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for BOK Financial lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

BOK Financial has an Earnings ESP of +0.59% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 19, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

S&T Bancorp (NASDAQ:STBA – Get Free Report) and BOK Financial (NASDAQ:BOKF – Get Free Report) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, profitability, valuation, analyst recommendations, institutional ownership and risk.

Analyst Recommendations This is a summary of recent ratings and recommmendations for S&T Bancorp and BOK Financial, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score S&T Bancorp 0 6 2 0 2.25 BOK Financial 1 9 2 0 2.08 S&T Bancorp currently has a consensus target price of $51.60, suggesting a potential upside of 3.95%. BOK Financial has a consensus target price of $140.45, suggesting a potential upside of 9.42%. Given BOK Financial’s higher possible upside, analysts plainly believe BOK Financial is more favorable than S&T Bancorp.

Valuation and Earnings This table compares S&T Bancorp and BOK Financial”s top-line revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio S&T Bancorp $568.51 million 3.08 $134.23 million $3.76 13.20 BOK Financial $3.38 billion 2.31 $577.99 million $10.61 12.10 BOK Financial has higher revenue and earnings than S&T Bancorp. BOK Financial is trading at a lower price-to-earnings ratio than S&T Bancorp, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership 65.2% of S&T Bancorp shares are owned by institutional investors. Comparatively, 34.4% of BOK Financial shares are owned by institutional investors. 1.2% of S&T Bancorp shares are owned by company insiders. Comparatively, 63.5% of BOK Financial shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Risk and Volatility S&T Bancorp has a beta of 0.85, suggesting that its share price is 15% less volatile than the S&P 500. Comparatively, BOK Financial has a beta of 0.82, suggesting that its share price is 18% less volatile than the S&P 500.

Profitability This table compares S&T Bancorp and BOK Financial’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets S&T Bancorp 24.51% 9.74% 1.42% BOK Financial 18.97% 10.09% 1.16% Dividends S&T Bancorp pays an annual dividend of $1.48 per share and has a dividend yield of 3.0%. BOK Financial pays an annual dividend of $2.52 per share and has a dividend yield of 2.0%. S&T Bancorp pays out 39.4% of its earnings in the form of a dividend. BOK Financial pays out 23.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. S&T Bancorp has increased its dividend for 13 consecutive years and BOK Financial has increased its dividend for 20 consecutive years.

About S&T Bancorp (Get Free Report)

S&T Bancorp, Inc. is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer. The Commercial Real Estate segment includes both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and health care. The Commercial and Industrial segment focuses on the companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. The Commercial Construction segment refers to the finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. The Business Banking segment is made to small businesses that are standard, non-complex products evaluated through a streamlined credit approval process that has been designed to maximize efficiency while maintaining high credit quality standards. The Consumer Real Estate segment offers first and second liens such as 1-4 family residential mortgages, home equity loans and home equity lines of credit. The Other Consumer segment consists of individuals that may be secured by assets other than 1-4 family residences, as well as unsecured loans. The company was founded on March 17, 1983 and is headquartered in Indiana, PA.

About BOK Financial (Get Free Report)

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, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment engages in the provision of retail lending and deposit services to small business customers through retail branch network; and mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, 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 improvements to real estate and property held by borrowers for investment purposes; residential mortgage and personal loans; and automated teller machine, call center, and Internet and mobile banking services. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

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Key Takeaways BOK Financial's revenues rose 10.2% year over year in the first half of 2026.NII growth is supported by loan expansion, fixed-rate asset repricing and stable funding costs.Fiduciary, investment banking and commercial banking services are broadening BOKF's fee-income base. BOK Financial Corporation (BOKF - Free Report) has been expanding its revenue base through growth in net interest income (NII) and diversified fee-income streams. The company’s revenues witnessed a three-year (2022-2025) CAGR of 5.5% and increased 10.2% year over year in the first half of 2026.

NII has remained an important contributor to BOKF’s top-line performance. The metric witnessed a CAGR of 3.1% from 2022-2025 and continued to increase in the first half of 2026. Going forward, continued loan growth, fixed-rate asset repricing and stable funding costs are expected to support NII. Management expects 2026 NII to be in the upper half of its $1.42-$1.45 billion guidance range compared with $1.32 billion reported in 2025.

BOKF also benefits from a growing and diversified fee-income base. Its fee income witnessed a CAGR of 9.6% from 2022-2025 and continued to increase in the first half of 2026. Growth was driven by customer acquisition, deeper client relationships and continued investment in fee-generating businesses. Growth in fiduciary and asset management, transaction card, investment banking and commercial banking services is helping diversify the revenue mix. Although management expects total fees and commissions revenues to be in the lower half of the $820-$845 million guidance range, up from $800.7 million in 2025, these businesses are expected to remain consistent fee generators, supporting steady, long-term revenue growth.

Strategic acquisitions have also played a role in strengthening BOKF’s revenue diversification. The 2018 acquisition of CoBiz Financial expanded its presence in Colorado and Arizona while adding specialty lending and fee-generating businesses, including wealth management and commercial insurance. By broadening its product offerings and deepening customer relationships, the acquisition created additional opportunities for BOKF to grow both interest and fee income. Overall, continued NII growth and expansion across diversified fee-based businesses are expected to support BOK Financial’s revenue growth in the coming periods.

The Zacks Consensus Estimate of BOKF’s 2026 and 2027 revenues suggests rallies of 3.9% and 5.9%, respectively.

Revenue Estimates
Image Source: Zacks Investment Research

How Are BOKF’s Peers Expanding Revenue Growth?Similar to BOKF, other banks like SouthState Corporation (SSB - Free Report) and Citizens Financial (CFG - Free Report) are witnessing solid revenue growth through geographic expansion, deeper client relationships and broader product offerings.

SouthState is strengthening its revenue base through inorganic expansion in higher-growth markets. SouthState’s revenues increased at a five-year CAGR of 18.7% through 2025, with the uptrend continuing in the first half of 2026. Low-cost deposits, strong loan pipelines, strategic acquisitions and solid non-interest income are expected to support further growth.

Citizens Financial is broadening its revenue base through capital markets, wealth management and other fee-based businesses. Citizens Financial’s total revenues increased at a five-year CAGR of 3.6% from 2020 to 2025, with growth continuing in the first six months of 2026. Higher interest-earning assets, a favorable funding mix and continued growth in fee income are expected to support further revenue growth.

BOKF’s Price Performance & Zacks RankOver the past year, shares of BOKF have gained 22.2% compared with the industry’s 8.0% growth.

Price Performance
Image Source: Zacks Investment Research

At present, BOKF carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BOK Financial delivered record Q2 loan production, best-in-class credit metrics, and raised FY26 guidance, but shares reflect full operational excellence. At $142 per share, BOK Financial trades at approximately 13.6x forward EPS, which falls within our estimated fair value range of $140–$149. Loan growth, fee income diversity, and exceptional credit quality support the premium, but H2 net interest margin expansion is the key variable to monitor.

BOK Financial NASDAQ: BOKF reported higher second-quarter 2026 earnings and record loan production, while executives said credit quality remained strong and raised the company’s full-year loan growth outlook.

The Tulsa-based financial services company earned $176.5 million, or $2.92 per diluted share, in the quarter, Chief Executive Officer Stacy Kymes said on the company’s earnings call. Adjusted for a net gain tied to the exchange of Visa Class B shares and a small securities portfolio repositioning, earnings were $156.5 million, or $2.59 per share.

Kymes described the quarter as “excellent” and said it reflected the company’s positioning for continued growth. He cited record quarterly loan growth, record fiduciary and asset management revenue, expense discipline and “outstanding” credit performance.

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Loan Growth Hits Company Record Total loans increased 3.4% sequentially, or 13.7% annualized, rising $896 million during the quarter. Kymes said that represented record new loan production for a single quarter in the company’s history. Year over year, loans were up 11.5%.

The growth was broad-based across business lines and geographies, according to Kymes. Nearly 70% of the year-over-year growth came from the company’s commercial and industrial portfolio.

Core C&I loans, which include the combined services and general business portfolios, rose 3.9% from the prior quarter and 11.1% from a year earlier. Kymes said the growth reflected a long-term strategy of investing in talent and deepening client relationships.

“As we’ve often said, growth follows relationships,” Kymes said.

Healthcare loans increased 3.2%, reflecting what management had previously described as strong activity and pipeline levels entering the quarter. Energy loans grew 1.6%. Commercial real estate loans were up marginally from the prior quarter and 6.6% year over year.

Mortgage finance also contributed to loan growth. Outstanding balances were $452 million at quarter-end, up $224 million, with active warehouse facilities totaling $870 million in commitments. Kymes said the business recorded its first month above breakeven during the quarter, less than a year after funding its first loan.

During the Q&A portion of the call, Kymes said the company expects mortgage finance to remain a tailwind in the second half of the year, while noting some seasonality in the business.

Credit Metrics Remain Strong BOK Financial reported nonperforming assets not guaranteed by the U.S. government of $55 million, up $2.8 million from the prior quarter. Nonperforming assets as a percentage of period-end loans and repossessed assets remained consistent with the prior quarter at 20 basis points.

Committed criticized assets decreased during the quarter and remained low relative to historical standards, Kymes said. Net charge-offs were $500,000 in the quarter and averaged three basis points over the last 12 months.

Kymes said the company saw no charge-off patterns or concentrations raising concerns about particular business lines or geographies. He also said BOK Financial continued to have no exposure to private credit facilities.

No provision for credit losses was required for the quarter, consistent with the prior quarter. Management said improvement in economic forecast assumptions was offset by loan growth. The combined allowance for credit losses was $323 million, or 1.19% of outstanding loans.

In response to an analyst question, Kymes said the company’s credit metrics were better than at CECL day one, and that, based on current credit conditions, the allowance ratio “could continue to fall.”

Fee Businesses Show Mixed Results Scott Grauer, Executive Vice President of Wealth Management, said fee income remained a solid contributor to revenue, though total fee income declined $7.8 million sequentially to $202 million.

Total trading revenue, including trading-related net interest income, decreased $9.7 million to $25 million. Grauer said results in the fixed-income business were affected by lower customer activity as longer-term rates increased from March through May. He said activity improved in June as market conditions stabilized.

“Overall, our activity levels were consistent with broader industry trends, which also saw a decline in MBS trading volumes during the quarter,” Grauer said.

Mortgage banking revenue declined $2 million from the prior quarter, which Grauer attributed to elevated long-term rates. Syndication revenue increased $3 million sequentially, supported by strong activity and customer demand, producing a record second quarter for that business.

Fiduciary and asset management revenue set a quarterly record, rising $4.5 million from the prior quarter. Grauer said the increase reflected higher trust fees and seasonal tax preparation fees. In the Q&A, he said seasonal tax preparation accounted for roughly one-third of the quarter-over-quarter increase.

Assets under management and administration increased $5.7 billion during the quarter to $129.3 billion, driven by higher market valuations and customer expansion. Compared with the same period last year, AUMA rose $11.4 billion, or nearly 10%.

Net Interest Income Rises; Expenses Controlled Chief Financial Officer Martin Grunst said net interest income increased $9.3 million, while the reported net interest margin expanded by 1 basis point. Excluding trading, core net interest income rose $6.5 million and core margin declined 2 basis points.

Grunst said core margin and net interest income benefited from loan and deposit growth and fixed-rate asset repricing. Those positives were offset by a 3-basis-point negative impact related to cash margin posted on behalf of energy derivative customers as oil prices moved higher. He said the impact was temporary and that the majority of the margin had already been returned as energy prices declined.

The company recognized a $30.9 million pre-tax gain from the exchange of Visa Class B shares. Grunst said BOK Financial used part of the gain to reposition a small portion of its securities portfolio, realizing $4.6 million of pre-tax losses. He said the move would improve yields on $268 million of reinvested securities.

Total expenses increased $7.5 million, driven by an $8.9 million rise in deferred compensation expense that was offset by gains recorded in other gains and losses. Excluding deferred compensation, total expenses declined $1.4 million. Personnel expense fell $6 million, while non-personnel expense rose $4.6 million, largely due to higher business promotion costs.

Management Raises Loan Growth Outlook BOK Financial raised its full-year 2026 loan growth guidance and now expects loans to grow more than 10%. Grunst said the first-half loan growth was strong and well-diversified.

The company maintained its total revenue guidance of mid-single-digit growth, but now expects to be in the upper portion of that range. Grunst said net interest income is expected to be in the upper half of the company’s $1.42 billion to $1.45 billion range, while fee income is expected to be in the lower half of the $820 million to $845 million range. In the Q&A, management clarified that the Visa gain is included in total revenue guidance but not in fee and commission guidance.

Expense growth is still expected to be in the low single digits, likely toward the lower end of that range. The company expects its full-year efficiency ratio to be approximately 62%, or near 63% excluding the Visa gain.

Management also said provision expense is expected to be below $20 million for full-year 2026.

Kymes said market disruption has created hiring opportunities for the company. BOK Financial added more than 25 teammates during the quarter, including more than 20 in Texas, along with additions in Colorado and Arizona. He said most of the hires were revenue producers and that the quarter’s loan growth was independent of those additions, given the longer sales cycle in C&I lending.

“We are entering the second half of the year from a position of strength, with strong business momentum and a solid foundation for continued growth,” Kymes said in closing remarks.

About BOK Financial (NASDAQ:BOKF)BOK Financial Corporation NASDAQ: BOKF, headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company's offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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BOK Financial (BOKF - Free Report) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.17%. A quarter ago, it was expected that this Regional banking operator would post earnings of $2.3 per share when it actually produced earnings of $2.58, delivering a surprise of +12.17%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

BOK Financial, which belongs to the Zacks Banks - Southwest industry, posted revenues of $589.4 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.46%. This compares to year-ago revenues of $535.26 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BOK Financial shares have added about 19.2% since the beginning of the year versus the S&P 500's gain of 8.9%.

What's Next for BOK Financial?While BOK Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BOK Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.47 on $569.6 million in revenues for the coming quarter and $10.28 on $2.26 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

First Bank (FRBA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23.

This company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -2.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

First Bank's revenues are expected to be $37.68 million, up 2.6% from the year-ago quarter.

BOK Financial Corporation (NASDAQ:BOKF) will release its second quarter earnings report after the closing bell on Monday, July 20.

Analysts expect the Tulsa, Oklahoma-based company to report quarterly earnings of $2.47 per share, up from $2.19 per share in the year-ago period. The consensus estimate for BOK Financial’s quarterly revenue is $567.39 million. It reported $537.84 million last year, according to Benzinga Pro.

On April 20, BOK Financial posted better-than-expected first-quarter earnings.

Shares of BOK Financial rose 0.6% to close at $139.33 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying BOKF stock? Here’s what analysts think:

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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? BOK Financial (BOKF - Free Report) , which belongs to the Zacks Banks - Southwest industry, could be a great candidate to consider.

This Regional banking operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 14.30%.

For the last reported quarter, BOK Financial came out with earnings of $2.58 per share versus the Zacks Consensus Estimate of $2.3 per share, representing a surprise of 12.17%. For the previous quarter, the company was expected to post earnings of $2.13 per share and it actually produced earnings of $2.48 per share, delivering a surprise of 16.43%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for BOK Financial. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

BOK Financial has an Earnings ESP of +3.52% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 20, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

TULSA, OK / ACCESS Newswire / March 16, 2026 / BOK Financial Corporation (NASDAQ:BOKF) will host a conference call to review first quarter 2026 financial results at noon central time on Tuesday, April 21, 2026. The call may also include discussion of company developments, forward-looking statements and other material information about business and financial matters. The results are scheduled to be released after the market closes on Monday, April 20, 2026.

The live audio webcast and presentation slides will be available on the company's investor relations website. The conference call can also be accessed by dialing 1.800.715.9871 toll free, or 1.646.307.1963, conference ID: 6617678. A webcast replay will be available shortly after the live call's conclusion on the company's investor relations website or by dialing 1.800.770.2030 and referencing replay PIN 6617678.

About BOK Financial Corporation

BOK Financial Corporation is a $52 billion regional financial services company headquartered in Tulsa, Oklahoma with $127 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc.; and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Connecticut, Nebraska, Tennessee and Wisconsin. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

Contact:

Heather King
Director of Investor Relations
214.676.4666

SOURCE: BOK Financial

Key Takeaways BOK Financial shows stronger upside with margin gains, loan growth and expansion efforts.BOKF expects 2026 NII of $1.44-$1.48B, supported by easing funding costs and stable yields.First Horizon benefits from organic growth and higher yield but faces elevated expenses. In a banking landscape shaped by interest-rate movements and evolving lending dynamics, investors are increasingly focusing on the resilience and growth prospects of regional lenders. Two such banks, BOK Financial Corporation (BOKF - Free Report) and First Horizon Corporation (FHN - Free Report) , stand out for their diversified business models, steady balance sheet growth and distinct strategic priorities.

Let us take a closer look at these banks to uncover key differences in margin trends, expansion strategies and organic growth drivers, and analyze which stock offers better upside potential.

The Case for BOKFThe evolving rate environment is turning supportive for banks like BOK Financial, as easing monetary policy is likely to aid margin expansion. At its March 2026 FOMC meeting, the Fed kept rates unchanged at 3.50%-3.75% but signaled a potential cut in 2026, which could lower funding costs and support earnings.

Against this backdrop, BOKF’s net interest income (NII) growth prospects remain solid. With funding costs easing and asset yields stabilizing, margins are expected to improve further. The Fed’s prior rate cuts and expectations of additional easing will likely support continued expansion in NII. Management expects NII to be in the range of $1.44-$1.48 billion for 2026, up from $1.3 billion in 2025, reflecting continued growth momentum.

The company also represents a fundamentally balanced outlook supported by a diversified operating model, steady loan and deposit growth and improving margin trends. It has been focused on diversifying its loan portfolio across energy, healthcare and service lending while continuing to expand lending to individuals. Deposits have also witnessed a rising trend, reflecting a stable funding base. The company is also expanding its mortgage finance business, targeting $1 billion in commitments by 2026, which is expected to contribute meaningfully to loan growth going forward. Management expects loan growth in the upper single digits in 2026 compared with 2025, supported by a strong loan pipeline and improving deposit balances.

Strategic expansion efforts have also strengthened BOK Financial’s growth profile. The company has steadily expanded beyond its core Oklahoma market into select neighboring regions. In 2023, it entered the southeastern United States through a Memphis office, while in 2024, Bank of Texas expanded into the San Antonio market. Additionally, acquisitions over the years, including CoBiz Financial, have enhanced its geographic footprint and asset management capabilities, positioning the company well for long-term growth.

However, rising expenses remain a concern for BOKF. It has been witnessing an increase in operating expenses, caused by continued investments in technology and higher employee-related costs. Going forward, non-interest expenses (excluding FDIC special assessment) are expected to rise at a low single-digit rate in 2026 from the $1.43 billion reported in 2025, keeping the expense base elevated in the near term.

The Case for FHNFirst Horizon’s NII outlook also remains favorable, supported by a combination of rate tailwinds and balance sheet positioning. With the Federal Reserve reducing rates by 75 basis points in 2025 and signaling the possibility of another cut in 2026, funding costs are expected to stabilize while loan demand improves. Additionally, its asset-sensitive balance sheet, characterized by a meaningful exposure to floating-rate loans, along with its presence in higher-growth markets, is likely to support margin expansion and drive further NII growth in the upcoming period.

The company has also demonstrated robust organic growth, supported by consistent expansion in loans and deposits. This growth has been driven by prior acquisitions as well as the strength of a well-diversified loan portfolio. Management expects this momentum to continue, supported by solid performance in the commercial and industrial portfolio and steady mortgage lending activity. Meanwhile, deposit growth is likely to remain strong, aided by promotional offerings, an increase in non-interest-bearing deposits and strong customer retention. With a balanced mix of regional and specialty banking operations in high-growth markets, FHN remains well-positioned to sustain organic growth.

Expansion efforts have played a crucial role in shaping FHN’s current franchise and growth trajectory. The company’s merger with IBERIABANK Corporation in 2020 marked a transformational step, significantly enhancing its scale, geographic reach and business diversification. The combined entity brought together complementary strengths across the Southeast, creating a stronger regional banking platform with expanded capabilities across commercial, consumer and specialty banking businesses.

As highlighted at the RBC Capital Markets conference of 2026, First Horizon now operates across 12 high-growth Southern states, offering significant expansion opportunities. With a balanced mix of commercial, consumer and specialty banking businesses, the company is well-positioned to drive long-term growth.

However, rising expenses remain a concern for FHN due to higher personnel and occupancy costs, along with continued investments in technology. While the expense base is expected to stay elevated in the near term, management aims to keep adjusted non-interest expenses relatively stable in 2026 compared with the $2.05 billion reported in 2024.

BOKF & FHN: Price Performance, Valuation & Other ComparisonsOver the past year, shares of BOK Financial and First Horizon have rallied 20.7% and 13.4%, respectively, outperforming the industry’s growth of 6.2%.

Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, BOKF is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 12.67X, while FHN is currently trading at a forward 12-month P/E multiple of 10.29X. FHN is lower than the industry average of 11.77X, while BOKF stock is trading at a premium.

Price-to-Earnings F12M
Image Source: Zacks Investment Research

Meanwhile, both BOK Financial and First Horizon reward their shareholders handsomely. In October 2024, BOKF raised its quarterly dividend by 3.6% to 57 cents per share. It has a dividend yield of 2.00%. Comparatively, FHN raised its quarterly dividend by 13.3% to 17 cents per share in January 2026. It has a dividend yield of 3.03%. Here, FHN holds an edge over BOKF.

Dividend Yield
Image Source: Zacks Investment Research

How Do Estimates Compare for BOKF & FHN?The consensus mark for BOKF’s 2026 and 2027 sales suggests year-over-year increases of 3.9% and 5.4%, respectively. Also, the consensus estimate for earnings indicates an 11.8% and 7.2% rise for 2026 and 2027, respectively. Earnings estimates for both years have also been revised upward over the past 60 days.

BOKF Estimate Revision Trend

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FHN’s 2026 and 2027 revenues implies year-over-year growth of 4.5% and 3.4%, respectively. Further, the consensus estimate for earnings indicates a 12.7% and 9.3% rise for 2026 and 2027, respectively. Earnings estimates for both years have remained unchanged over the past 60 days.

FHN Estimate Revision Trend

Image Source: Zacks Investment Research

BOKF or FHN: Which Stock Has Better Upside?While both BOK Financial and First Horizon offer compelling fundamentals, BOKF appears to present the more favorable upside potential at this stage. Its improving margin outlook, supported by easing funding costs and stable asset yields, along with steady loan growth, positions the company for consistent earnings growth. Additionally, its diversified business model and strategic market expansions provide a solid foundation for long-term growth.

First Horizon remains a strong player with solid organic growth and a favorable NII outlook. Although elevated expenses remain a concern for both companies, BOK Financial’s expansion into the mortgage finance business provides an added advantage.

While FHN offers a more attractive valuation and higher dividend yield, BOKF’s balanced growth profile, improving earnings visibility and upward estimate revisions make it a more compelling investment option for now.

While BOK Financial sports a Zacks Rank #1 (Strong Buy) at present, First Horizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? BOK Financial (BOKF - Free Report) , which belongs to the Zacks Banks - Southwest industry, could be a great candidate to consider.

When looking at the last two reports, this Regional banking operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.07%, on average, in the last two quarters.

For the most recent quarter, BOK Financial was expected to post earnings of $2.13 per share, but it reported $2.48 per share instead, representing a surprise of 16.43%. For the previous quarter, the consensus estimate was $2.1 per share, while it actually produced $2.22 per share, a surprise of 5.71%.

Price and EPS Surprise

For BOK Financial, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

BOK Financial has an Earnings ESP of +0.22% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on April 20, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

The market expects BOK Financial (BOKF - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on April 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis Regional banking operator is expected to post quarterly earnings of $2.30 per share in its upcoming report, which represents a year-over-year change of +23.7%.

Revenues are expected to be $546.8 million, up 8.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for BOK Financial?For BOK Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.22%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that BOK Financial will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that BOK Financial would post earnings of $2.13 per share when it actually produced earnings of $2.48, delivering a surprise of +16.43%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

BOK Financial appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

TULSA, OK / ACCESS Newswire / April 20, 2026 / BOK Financial Corporation (NASDAQ:BOKF) today reported operating results for the first quarter ended March 31, 2026. The first quarter 2026 earnings release can be viewed here: https://investor.bokf.com/Q1-2026-Earnings-Full-Release-PDF BOK Financial Corporation will host a conference call to review first quarter 2026 financial results at noon Central time on Tuesday, April 21, 2026.

Key Takeaways BOKF's Q1 EPS of $2.58 beat estimates, rising 38.7% on higher NII, fees and loan growth.Net revenues rose 10.3% as NII grew 8.3% and fees jumped 13.9%, lifting margins and profitability.Loans increased 2.1% but deposits fell 1.9%, while expenses rose and credit metrics were mixed. BOK Financial Corporation's (BOKF - Free Report)  first-quarter 2026 earnings of $2.58 per share surpassed the Zacks Consensus Estimate of $2.30. The bottom line jumped 38.7% from the prior-year quarter.

BOKF’s results benefited from higher net interest income (NII) and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor.

Net income attributable to shareholders was $155.7 million, which rose 30% year over year.

BOK Financial’s Revenues & Expenses RiseQuarterly net revenues of $553.8 million (net interest income and total other operating revenues) rose 10.3% year over year. The top line surpassed the Zacks Consensus Estimate of $546.8 million.

Net interest income was $342.6 million, up 8.3% year over year. The net interest margin expanded 12 basis points to 2.90%.

Total fees and commissions were $209.8 million, up 13.9% year over year. The rise was driven by an increase in almost all components except other revenues.

Total other operating expenses were $354.2 million, up 1.9% year over year. This rise was mainly driven by business promotion, professional fees and services, net occupancy and equipment, data processing and communications, printing, postage, and supplies, mortgage banking costs and other expense.

The efficiency ratio was 63.21% compared with the prior year quarter’s 68.31%. A fall in the efficiency ratio indicates a rise in profitability.

BOKF’s Loans Rise & Deposits Decline SequentiallyAs of March 31, 2026, total loans were $26.2 billion, up 2.1% from the prior quarter. The increase was driven by growth in commercial loans, commercial real estate loans and loans to individuals.

Total deposits were $38.7 billion, down 1.9% sequentially. The decline was due to lower demand and interest-bearing transaction deposits, partially offset by growth in time and savings deposits.

BOKF Credit Quality: Mixed BagAs of March 31, 2026, non-performing assets were $60 million or 0.23% of outstanding loans and repossessed assets compared with $85.3 million or 0.36% in the prior-year quarter.

The company recorded nil provisions for credit losses, unchanged from the prior-year quarter.

The company recorded net charge-offs of $1.9 million compared with $1.1 million in the year-ago quarter.

The allowance for loan losses was 1.06% of outstanding loans as of March 31, 2026, which declined 12 bps from the year-ago quarter.

BOKF’s Capital Ratios Decline & Profitability Ratios ImproveAs of March 31, 2026, the common equity Tier 1 capital ratio was 12.61% compared with 13.31% a year earlier. The tier 1 capital ratio and total capital ratio were 12.61% and 14.39%, respectively, compared with 13.31% and 14.54%, as of March 31, 2025.

At the end of the first quarter, return on average equity was 10.49%, up from the year-earlier quarter’s 8.59%. Return on average assets was 1.19%, up from 0.95% a year ago.

BOK Financial’s Share Repurchase UpdateThe company did not repurchase any shares during the first quarter of 2026.

Our View on BOK FinancialBOK Financial’s higher net interest income and solid loan balances continue to support overall performance. The company’s improving profitability ratios are positive. However, rising operating expenses pose a near-term concern.

Performance of Other BanksFirst Horizon Corporation (FHN - Free Report) posted first-quarter 2026 earnings per share of 53 cents, surpassing the Zacks Consensus Estimate of 49 cents. This compares favorably with 42 cents in the year-ago quarter.

FHN’s results benefited from higher NII and a rise in non-interest income, along with improved credit quality. However, the rise in expenses remains a headwind.

M&T Bank Corporation (MTB - Free Report) reported first-quarter 2026 net operating earnings per share of $4.18, which beat the Zacks Consensus Estimate of $4.02. The bottom line compared favorably with earnings of $3.38 per share in the year-ago quarter.

Results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with modest loan growth. However, a decline in deposits, higher provisions for credit losses, and elevated expenses acted as headwinds for MTB.

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.

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is BOK Financial (BOKF - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

BOK Financial is one of 833 companies in the Finance group. The Finance group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BOK Financial is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BOKF's full-year earnings has moved 4.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, BOKF has gained about 9.7% so far this year. Meanwhile, stocks in the Finance group have lost about 0.1% on average. This shows that BOK Financial is outperforming its peers so far this year.

Hamilton Insurance (HG - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 10.8%.

In Hamilton Insurance's case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, BOK Financial is a member of the Banks - Southwest industry, which includes 19 individual companies and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have gained about 4.1% so far this year, so BOKF is performing better this group in terms of year-to-date returns.

On the other hand, Hamilton Insurance belongs to the Insurance - Multi line industry. This 45-stock industry is currently ranked #186. The industry has moved -4.9% year to date.

BOK Financial and Hamilton Insurance could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.

Can BOKF keep climbing after a 15.9% six-month rally as loans, deposits and fintech partnerships grow despite expense and liquidity headwinds? Let us find out.