BOK Financial Reports Q2 2026 Results: Full Earnings Call Transcript

BOK Financial (NASDAQ: BOKF ) held its second-quarter earnings conference call on Tuesday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit The full earnings call is available at Summary BOK Financial Corporation reported strong earnings of $176.5 million, or $2.92 per diluted share, for Q2 2026, with adjusted earnings at $156.5 million, or $2.59 per share.

The company achieved record quarterly loan growth of 3.4% sequentially, with a 13.7% annualized increase, driven largely by the C&I portfolio.

Fiduciary and asset management revenue reached record levels, contributing significantly to fee-based income.

Loan portfolio quality remains excellent, with very low levels of non-performing assets and no significant provision for credit losses.

The company added over 25 new employees, mostly in Texas, capitalizing on market disruptions and strengthening its team.

Future guidance is optimistic, with expectations of over 10% loan growth for full-year 2026 and a stable credit performance outlook.

Net interest margin remained stable with expectations for expansion in the latter half of the year, driven by securities portfolio and fixed-rate asset repricing.

Capital levels are strong, with tangible common equity at 9.6% and CET1 at 12.9%.

Full Transcript OPERATOR Greetings, welcome to BOK Financial Corporation second quarter 2026 earnings conference call.

All lines have been placed on mute to prevent any background noise.

After the speakers' remarks, there will be a question-and-answer session.

If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad.

If you would like to withdraw your question, press star one again.

Thank you.

As a reminder, this conference is being recorded.

I would now like to turn the presentation over to Heather King, Director of Investor Relations for BOK Financial Corporation.

Please proceed.

Heather King, Director of Investor Relations Good afternoon and thank you for joining our discussion of BOK Financial second quarter 2026 financial results.

Our CEO Stacy Kymes will provide opening comments, cover the loan portfolio and related credit metrics, Scott Brower, Executive Vice President of Wealth Management, will cover our fee-based results, and our CFO Marty Grunts will then discuss financial performance for the quarter as well as our forward guidance.

Slide presentation and press release are available on our website at bokf.com.

We refer you to the disclaimers on slide 2 regarding any forward-looking statements made during this call.

I will now turn the call over to Stacy Kymes, who will begin on slide 4.

Stacy Kymes, President and Chief Executive Officer Thank you, Heather.

We appreciate you joining the call this afternoon.

We are pleased to report earnings of 176.5 million, or EPS of $2.92 per diluted share for the second quarter.

Adjusted for the net gain related to the exchange of the Visa B shares and a small amount of repositioning in the securities portfolio, earnings were 156.5 million, or $2.59 per share.

This was an excellent quarter and one that reflects how we are positioning the franchise for continued growth.

We delivered strong results including record quarterly loan growth, record quarterly fiduciary and asset management revenue, continued expense discipline, with credit remaining outstanding.

During the quarter, total loans grew 3.4% sequentially, or 13.7% on an annualized basis.

This resulted in a quarterly increase of 896 million, representing record new loan production in a single quarter of the company's history.

Year over year, loans have grown an impressive 11.5%.

Importantly, nearly 70% of year-over-year growth has been in our C&I portfolio.

This reflects both the strength of our customer activity and the benefit of the investments we've made over time.