UPDATE 1-BOK Financial to buy CoBiz in $1 bln deal [Reuters (UK)]
BOK Financial Corporation (BOKF)
Last bok financial corporation earnings: 4/22 07:55 am
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Source: Reuters
BOK Financial to buy CoBiz in $1 billion deal | Reuters Reuters Staff 1 Min Read (Reuters) - BOK Financial Corp ( BOKF.O ) said on Monday it would acquire CoBiz Financial Inc ( COBZ.O ) in a cash-and-stock deal valued at about $1 billion to expand in Arizona and Colorado. CoBiz shareholders will receive $5.70 in cash and 0.17 BOK shares for each share they hold, translating to a total price of $23.02 per CoBiz share and representing a 4 percent premium to the stock’s closing price on Friday. Both Tulsa Oklahoma-headquartered BOK and Denver-based CoBiz provide a range of banking services such as commercial banking, real estate, private banking and treasury management. CoBiz also offers property and casualty insurance. BOK expects $60 million in pre-tax costs related to the deal, but the acquisition should boost earnings by 6 percent in 2019 and 9 percent in 2020, the company said. Goldman Sachs was BOK’s financial adviser, while BofA Merrill Lynch advised CoBiz. Reporting By Aparaj
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BOKF
News
- Wendell Franklin Named Director of Corporate Security at BOK Financial [Yahoo! Finance]Yahoo! Finance
- Wendell Franklin Named Director of Corporate Security at BOK FinancialAccesswire
- Oil prices drop amid rising inventories, diplomatic push for Gaza ceasefire [Yahoo! Finance Canada]Yahoo! Finance Canada
- Oil prices drop amid rising inventories, diplomatic push for Gaza ceasefire [Yahoo! Finance]Yahoo! Finance
- BOK Financial Co. (NASDAQ: BOKF) had its price target lowered by analysts at Truist Financial Co. from $99.00 to $97.00. They now have a "hold" rating on the stock.MarketBeat
BOKF
Earnings
- 4/24/24 - Beat
BOKF
Sec Filings
- 5/1/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 3/29/24 - Form 4
- BOKF's page on the SEC website