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BOK FINANCIAL CORPORATION (BOKF) Stock Fundamental Analysis

NASDAQ:BOKF - Nasdaq - US05561Q2012 - Common Stock - Currency: USD

93.4  -2.66 (-2.77%)

After market: 93.4 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BOKF. BOKF was compared to 396 industry peers in the Banks industry. BOKF may be in some trouble as it scores bad on both profitability and health. BOKF has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

BOKF had positive earnings in the past year.
In the past year BOKF had a positive cash flow from operations.
BOKF had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BOKF reported negative operating cash flow in multiple years.
BOKF Yearly Net Income VS EBIT VS OCF VS FCFBOKF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

1.2 Ratios

BOKF's Return On Assets of 1.10% is fine compared to the rest of the industry. BOKF outperforms 73.48% of its industry peers.
The Return On Equity of BOKF (9.60%) is better than 62.88% of its industry peers.
Industry RankSector Rank
ROA 1.1%
ROE 9.6%
ROIC N/A
ROA(3y)1.06%
ROA(5y)1.07%
ROE(3y)10.2%
ROE(5y)10.05%
ROIC(3y)N/A
ROIC(5y)N/A
BOKF Yearly ROA, ROE, ROICBOKF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

The Profit Margin of BOKF (26.42%) is better than 67.42% of its industry peers.
In the last couple of years the Profit Margin of BOKF has declined.
BOKF does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 26.42%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.26%
PM growth 5Y-1.67%
GM growth 3YN/A
GM growth 5YN/A
BOKF Yearly Profit, Operating, Gross MarginsBOKF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

3

2. Health

2.1 Basic Checks

BOKF does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BOKF has been reduced compared to 1 year ago.
Compared to 5 years ago, BOKF has less shares outstanding
Compared to 1 year ago, BOKF has a worse debt to assets ratio.
BOKF Yearly Shares OutstandingBOKF Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
BOKF Yearly Total Debt VS Total AssetsBOKF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

The Debt to FCF ratio of BOKF is 0.95, which is an excellent value as it means it would take BOKF, only 0.95 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 0.95, BOKF is doing good in the industry, outperforming 74.24% of the companies in the same industry.
BOKF has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
BOKF has a Debt to Equity ratio (0.18) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.95
Altman-Z N/A
ROIC/WACCN/A
WACC14.34%
BOKF Yearly LT Debt VS Equity VS FCFBOKF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BOKF Yearly Current Assets VS Current LiabilitesBOKF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 15.23% over the past year.
The Earnings Per Share has been growing slightly by 3.13% on average over the past years.
The Revenue has been growing slightly by 5.54% in the past year.
Measured over the past years, BOKF shows a small growth in Revenue. The Revenue has been growing by 2.55% on average per year.
EPS 1Y (TTM)15.23%
EPS 3Y-1.89%
EPS 5Y3.13%
EPS Q2Q%44.19%
Revenue 1Y (TTM)5.54%
Revenue growth 3Y3.05%
Revenue growth 5Y2.55%
Sales Q2Q%10.33%

3.2 Future

Based on estimates for the next years, BOKF will show a small growth in Earnings Per Share. The EPS will grow by 5.64% on average per year.
BOKF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.83% yearly.
EPS Next Y1.52%
EPS Next 2Y5.66%
EPS Next 3Y5.64%
EPS Next 5YN/A
Revenue Next Year3.96%
Revenue Next 2Y5.72%
Revenue Next 3Y5.83%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BOKF Yearly Revenue VS EstimatesBOKF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
BOKF Yearly EPS VS EstimatesBOKF Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.74 indicates a reasonable valuation of BOKF.
62.63% of the companies in the same industry are more expensive than BOKF, based on the Price/Earnings ratio.
BOKF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.31.
BOKF is valuated reasonably with a Price/Forward Earnings ratio of 10.29.
The rest of the industry has a similar Price/Forward Earnings ratio as BOKF.
The average S&P500 Price/Forward Earnings ratio is at 22.13. BOKF is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.74
Fwd PE 10.29
BOKF Price Earnings VS Forward Price EarningsBOKF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, BOKF is valued cheaply inside the industry as 87.88% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.49
EV/EBITDA N/A
BOKF Per share dataBOKF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)7.05
PEG (5Y)3.43
EPS Next 2Y5.66%
EPS Next 3Y5.64%

6

5. Dividend

5.1 Amount

BOKF has a Yearly Dividend Yield of 2.37%.
BOKF's Dividend Yield is slightly below the industry average, which is at 3.48.
Compared to an average S&P500 Dividend Yield of 2.40, BOKF has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.37%

5.2 History

The dividend of BOKF has a limited annual growth rate of 1.99%.
BOKF has been paying a dividend for at least 10 years, so it has a reliable track record.
BOKF has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.99%
Div Incr Years19
Div Non Decr Years19
BOKF Yearly Dividends per shareBOKF Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

25.97% of the earnings are spent on dividend by BOKF. This is a low number and sustainable payout ratio.
BOKF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.97%
EPS Next 2Y5.66%
EPS Next 3Y5.64%
BOKF Yearly Income VS Free CF VS DividendBOKF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B
BOKF Dividend Payout.BOKF Dividend Payout, showing the Payout Ratio.BOKF Dividend Payout.PayoutRetained Earnings

BOK FINANCIAL CORPORATION

NASDAQ:BOKF (6/13/2025, 8:00:02 PM)

After market: 93.4 0 (0%)

93.4

-2.66 (-2.77%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-21 2025-07-21/bmo
Inst Owners35.26%
Inst Owner Change2.21%
Ins Owners59.71%
Ins Owner Change0.09%
Market Cap6.00B
Analysts73.33
Price Target107.78 (15.4%)
Short Float %2.86%
Short Ratio3.36
Dividend
Industry RankSector Rank
Dividend Yield 2.37%
Yearly Dividend2.22
Dividend Growth(5Y)1.99%
DP25.97%
Div Incr Years19
Div Non Decr Years19
Ex-Date05-15 2025-05-15 (0.57)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2%
Min EPS beat(2)-8.53%
Max EPS beat(2)4.54%
EPS beat(4)3
Avg EPS beat(4)2.37%
Min EPS beat(4)-8.53%
Max EPS beat(4)7.95%
EPS beat(8)4
Avg EPS beat(8)-1.71%
EPS beat(12)8
Avg EPS beat(12)3.95%
EPS beat(16)10
Avg EPS beat(16)4.54%
Revenue beat(2)0
Avg Revenue beat(2)-3.09%
Min Revenue beat(2)-5.31%
Max Revenue beat(2)-0.87%
Revenue beat(4)1
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-5.31%
Max Revenue beat(4)5.72%
Revenue beat(8)2
Avg Revenue beat(8)-2.26%
Revenue beat(12)5
Avg Revenue beat(12)-0.11%
Revenue beat(16)7
Avg Revenue beat(16)-0.54%
PT rev (1m)0%
PT rev (3m)-15.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.31%
Valuation
Industry RankSector Rank
PE 10.74
Fwd PE 10.29
P/S 2.86
P/FCF 5.49
P/OCF 4.72
P/B 1.04
P/tB 1.38
EV/EBITDA N/A
EPS(TTM)8.7
EY9.31%
EPS(NY)9.08
Fwd EY9.72%
FCF(TTM)17
FCFY18.2%
OCF(TTM)19.79
OCFY21.18%
SpS32.64
BVpS89.82
TBVpS67.55
PEG (NY)7.05
PEG (5Y)3.43
Profitability
Industry RankSector Rank
ROA 1.1%
ROE 9.6%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.42%
GM N/A
FCFM 52.09%
ROA(3y)1.06%
ROA(5y)1.07%
ROE(3y)10.2%
ROE(5y)10.05%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.26%
PM growth 5Y-1.67%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.95
Debt/EBITDA N/A
Cap/Depr 168.46%
Cap/Sales 8.53%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 197.2%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC14.34%
ROIC/WACCN/A
Cap/Depr(3y)171.25%
Cap/Depr(5y)171.12%
Cap/Sales(3y)9.34%
Cap/Sales(5y)9.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.23%
EPS 3Y-1.89%
EPS 5Y3.13%
EPS Q2Q%44.19%
EPS Next Y1.52%
EPS Next 2Y5.66%
EPS Next 3Y5.64%
EPS Next 5YN/A
Revenue 1Y (TTM)5.54%
Revenue growth 3Y3.05%
Revenue growth 5Y2.55%
Sales Q2Q%10.33%
Revenue Next Year3.96%
Revenue Next 2Y5.72%
Revenue Next 3Y5.83%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-68.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-65.2%
OCF growth 3YN/A
OCF growth 5YN/A