BOK Financial: 4Q Earnings Snapshot
TULSA, Okla. (AP) _ BOK Financial Corp. (BOKF) on Wednesday reported fourth-quarter net income of $108.5 million.
The Tulsa, Oklahoma-based bank said it had earnings of $1.50 per share. Earnings, adjusted for non-recurring costs, were $1.65 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The Regional banking operator posted revenue of $502 million in the period. Its revenue net of interest expense was $422.1 million, which also missed Street forecasts. Six analysts surveyed by Zacks expected $432.3 million.
For the year, the company reported profit of $445.6 million, or $6.63 per share. Revenue was reported as $1.6 billion.
BOK Financial shares have increased 13 percent since the beginning of the year. The stock has decreased 16 percent in the last 12 months.