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. This content is powered APIs. 59 per share.

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. 9%. Full Transcript OPERATOR Greetings, welcome to BOK Financial Corporation second quarter 2026 earnings conference call.

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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. 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. 92 per diluted share for the second quarter.

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. 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. 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.

Our fee-based businesses contributed meaningfully with record quarterly revenue in our fiduciary and asset management business. During the last call we discussed aligning expenses with market opportunities and customer needs. Expenses this quarter remained well controlled, with total operating expenses excluding deferred compensation being down slightly. Notably, this was achieved while making significant investments in talent during the quarter.

9%. Finally, we've talked over the past year about disruptions in the markets we serve. Periods like this tend to create opportunities for organizations like ours—those that are strong, stable, and focused on long-term growth. Historically, these environments have represented some of our best opportunities.

The current period represents another such opportunity. We've added more than 25 new teammates as a result of the disruption across our markets. More than 20 of those additions were in Texas, a market where we've been deeply involved for decades. We also saw success hiring in our Colorado and Arizona markets.

This talent acquisition strengthens our ability to serve customers across the spectrum from large corporate relationships to small business. Importantly, the loan activity this quarter was independent of these additions. As we've discussed, C&I is a longer sales cycle and we expect to see the benefits build over time. We're excited to welcome this talent and we're confident in the role they will play in driving future results.

And now I will cover our loan portfolio in more detail starting on slide 6. 5% year over year. This growth was broad-based across our business line and our footprint. 1% year over year.