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Stock impact report

BOK Financial (BOKF) Gains 2.1% as Q1 Earnings Beat Estimates [Yahoo! Finance]

BOK Financial Corporation (BOKF) 
Last bok financial corporation earnings: 4/22 07:55 am Check Earnings Report
US:NASDAQ Investor Relations: bokf.com
Company Research Source: Yahoo! Finance
The bottom line compared unfavorably with earnings of $2.43 per share reported a year ago. Shares of BOKF have gained 2.1% following the release of its higher-than-expected quarterly performance. The results benefited from a rise in total fees and commissions, higher loans and deposit balances. Moreover, a decline in provisions was another positive. However, lower net interest revenues and elevated expenses were major undermining factors. The results excluded the charges related to the FDIC special assessment and the loss from repositioning of the available for sale securities portfolio. After considering it, net income attributable to shareholders was $83.7 million, down 48.4% year over year. Quarterly Revenues Decline, Expenses Rise Quarterly net revenues of $455.3 million (net interest revenues and total other operating revenues) were down 14.1% year over year. The top line missed the Zacks Consensus Estimate of $473.7 million. Net interest revenues were $293.6 million, Show less Read more
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