BOK Financial Full Year 2024 Earnings: Beats Expectations
Net income: US$518.6m (down 1.5% from FY 2023).
Profit margin: 26% (in line with FY 2023).
EPS: US$8.14.
Net interest margin (NIM): 2.65% (down from 2.93% in FY 2023).
Cost-to-income ratio: 64.3% (up from 62.8% in FY 2023).
Non-performing loans: 0.19% (down from 0.61% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%.
The primary driver behind last 12 months revenue was the Commercial Banking segment contributing a total revenue of US$1.03b (51% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$1.19b (79% of total expenses). Explore how BOKF's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 2.2% from a week ago.
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of BOK Financial's balance sheet and an in-depth analysis of the company's financial position.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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