Monitor next quarter's net interest margin and fee revenue trends, as the decline in both metrics despite strong loan growth suggests pricing pressure and seasonal headwinds that could persist.
Price Chart
Executive Summary
BOK Financial reported Q1 2026 earnings of $2.58 per share on $342.6M net interest income, missing consensus EPS of $2.31 by 11.7% despite strong loan growth and improved credit quality. Net interest margin declined to 2.90% from 2.98% in Q4 2025, and fees/commissions revenue fell $5.1M due to seasonality, while expenses decreased $6.9M.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $2.58 missed consensus of $2.31 by 11.7%
- Net interest income declined $2.7M to $342.6M, with net interest margin falling to 2.90% from 2.98%
- Fees and commissions revenue decreased $5.1M to $209.8M due to lower investment banking revenue
- Operating expenses decreased $6.9M to $354.2M, with personnel expenses down $11.6M
- Period-end loans grew $536M to $26.2B, and nonperforming assets declined to $60M (0.23% of loans)
- No shares were repurchased in Q1 2026, compared to 2.6M shares in Q4 2025
Financial Impact
Earnings miss of 11.7% on EPS, with net interest income down $2.7M and fees down $5.1M
Risk Factors
- Declining net interest margin could pressure profitability if rates remain low
- Seasonal weakness in investment banking fees may not fully recover
- Reduced share buybacks could limit capital return support for the stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000875357-26-000031 |
| Document: bokf-20260420.htm | 0000875357-26-000031 |
| Document: a20260331bokfearningscal.htm | 0000875357-26-000031 |
| Document: 0000875357-26-000031-index-headers.html | 0000875357-26-000031 |
| Document: 0000875357-26-000031-index.html | 0000875357-26-000031 |
| Document: 0000875357-26-000031.txt | 0000875357-26-000031 |
| 8-K Data (Synthetic) | 0000875357-26-000031 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 6w ago | 8-K | $136.08 $128.62 | ▼ −5.48% | ▼ −5.29% | $124.83 (−8.27%) |
Aug 12, 2026 9w ago | Insider Cluster | $144.78 $135.21 | ▼ −6.61% | ▼ −4.71% | $124.83 (−13.78%) |
May 11, 2026 22w ago | 8-K | $129.89 $130.86 | ▲ +0.75% | ▲ +1.05% | $124.83 (−3.90%) |
May 7, 2026 23w ago | Insider Cluster | $133.45 $125.39 | ▼ −6.04% | ▼ −9.18% | $124.83 (−6.46%) |
Apr 20, 2026 25w ago | 8-K | $134.13 $127.82 | ▲ +4.70% | ▲ +9.62% | $124.83 (+6.93%) |
US Market Status
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