BOK Financial Corp
NASDAQ:BOKF
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Intrinsic Value
The intrinsic value of one BOKF stock under the Base Case scenario is 119.94 USD. Compared to the current market price of 117.53 USD, BOK Financial Corp is Undervalued by 2%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
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BOK Financial Corp
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Fundamental Analysis
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BOK Financial Corp
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BOK Financial Corporation is a robust regional financial services company with a rich history rooted in providing banking solutions to individuals and businesses primarily in the southwestern United States. Founded in 1910 and headquartered in Tulsa, Oklahoma, BOK Financial has steadily evolved, augmenting its service offerings through a combination of organic growth and strategic acquisitions. With a diverse array of financial products, including commercial banking, wealth management, and mortgage services, the company effectively caters to a wide clientele, ranging from local businesses to high-net-worth individuals. This strategic breadth has allowed BOK Financial to carve out a strong ni...
BOK Financial Corporation is a robust regional financial services company with a rich history rooted in providing banking solutions to individuals and businesses primarily in the southwestern United States. Founded in 1910 and headquartered in Tulsa, Oklahoma, BOK Financial has steadily evolved, augmenting its service offerings through a combination of organic growth and strategic acquisitions. With a diverse array of financial products, including commercial banking, wealth management, and mortgage services, the company effectively caters to a wide clientele, ranging from local businesses to high-net-worth individuals. This strategic breadth has allowed BOK Financial to carve out a strong niche in its market, making it a resilient player in the ever-competitive banking sector.
Investors keen on BOK Financial can appreciate its commitment to prudent financial management and a solid balance sheet. The company boasts a history of consistent performance, with sustained revenue growth and a focus on enhancing shareholder value through dividends and stock repurchases. Additionally, BOK Financial’s robust capital ratios indicate a well-managed institution well-positioned to navigate economic fluctuations. With its proactive approach to risk management and an emphasis on customer service, BOK Financial stands out as a promising investment opportunity in the regional banking landscape, appealing to those seeking a dependable player with a strategic growth trajectory.
BOK Financial Corporation operates through several core business segments, each contributing to its overall financial performance and offering a range of services. The primary segments are:
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Commercial Banking: This segment provides a variety of services to commercial clients, including lending, treasury management, and deposit services. It focuses on meeting the needs of businesses in various industries and sizes.
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Consumer Banking: This area caters to individual clients, offering personal banking products such as checking and savings accounts, personal loans, mortgages, and credit cards. The emphasis is on customer experience and a comprehensive suite of financial products.
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Investment Banking: BOK Financial offers services related to capital markets, including advice on mergers and acquisitions, underwriting of securities, and other advisory services for institutional clients.
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Wealth Management: This segment focuses on investment management and financial planning services for high-net-worth individuals and institutional clients. It includes trust services, estate planning, and investment advisory services.
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Mortgage Banking: BOK Financial provides residential mortgage services, including origination, processing, and servicing of mortgage loans. This segment aims to meet the needs of homebuyers and refinance existing mortgages.
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Energy Banking: Given the bank's strong presence in energy-rich regions, this segment specializes in providing financial services and expertise to companies involved in the energy sector, including oil and gas.
BOK Financial's diversified business model helps mitigate risks and enhances its ability to serve a broad array of clients across different markets.
BOK Financial Corp, a regional bank based in Oklahoma, possesses several unique competitive advantages over its rivals, which contribute to its strong position in the financial services market. Here are some of the key advantages:
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Regional Focus: BOK Financial has a concentrated presence in the Southwest and Midwest, primarily serving markets in Oklahoma, Texas, and Arkansas. This regional focus allows the bank to develop deeper relationships with clients and a better understanding of local economies compared to larger, national banks.
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Diverse Product Offerings: The bank provides a comprehensive range of services, including commercial banking, wealth management, and investment services. This diversification allows BOK Financial to meet a variety of client needs, reducing reliance on any single revenue stream.
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Strong Client Relationships: BOK Financial emphasizes building long-term relationships with clients. Its personalized service and local knowledge can be a significant advantage when competing against larger, less agile institutions.
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Robust Technology Investments: The company has invested in technology to enhance customer experience, streamline operations, and compete against fintech disruptors. These investments can improve efficiency and customer satisfaction.
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Credit Quality and Risk Management: The bank has a strong track record of credit quality and risk management. By maintaining conservative lending standards and a focus on sound underwriting practices, BOK Financial reduces its exposure to defaults and enhances its stability.
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Wealth Management Expertise: BOK Financial has a well-established wealth management division that targets high-net-worth individuals and institutional clients. This specialization can lead to higher margins and a stable source of recurring revenue.
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Regional Economic Insights: Due to its focus on specific regional markets, BOK Financial has unique insights into local economic conditions, trends, and opportunities. This local expertise can help the bank identify growth opportunities and mitigate risks more effectively.
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Strong Capital Position: Having a robust capital base allows BOK Financial to weather economic downturns better than its rivals and pursue growth opportunities, such as acquisitions or expansions, without being overly reliant on external financing.
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Community Involvement: BOK Financial is actively involved in local communities, which enhances its brand reputation and fosters loyalty among customers. This community focus can differentiate it from larger, impersonal banks.
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Experienced Management Team: The bank benefits from a seasoned management team with extensive industry experience. Strong leadership can drive strategic initiatives, foster a positive corporate culture, and guide the bank through economic cycles.
These unique competitive advantages position BOK Financial Corp favorably within its market, allowing it to effectively navigate competition and capitalize on growth opportunities.
BOK Financial Corporation, like any financial institution, faces a variety of risks and challenges. Here are some key areas where BOK Financial may encounter difficulties in the near future:
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Economic Environment: Fluctuations in economic conditions, including GDP growth, unemployment rates, and consumer spending, can directly impact the banking sector. Economic downturns or recessions can lead to increased default rates on loans and decreased consumer confidence.
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Interest Rate Risk: BOK Financial’s profitability is closely tied to interest rates. Changes in the interest rate environment, especially if they lead to a flattening yield curve, could affect net interest margins and overall profitability.
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Regulatory Challenges: The banking industry is subject to a range of regulations and compliance requirements. Changes in regulations, increasing scrutiny from regulators, or new compliance costs can pose challenges to operations and profitability.
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Credit Risk: As with any financial institution, credit risk is a significant concern. If there is a rise in loan defaults or bankruptcies, particularly in sectors that BOK Financial heavily relies on, it could adversely affect their balance sheet.
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Technological Changes: The rapid pace of technological advancement in the financial services sector requires continuous investment in technology and cybersecurity. Failing to keep up with technological trends and security measures can lead to competitive disadvantages.
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Competition: Increased competition from other banks and non-traditional fintech companies can impact BOK Financial's market share and pressure margins. Differentiating their offerings and enhancing customer experience will be crucial.
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Operational Risks: Operational failures, whether due to system failures, fraud, or inadequate processes, can pose significant risks to financial performance and reputational damage.
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Market Volatility: Fluctuations in financial markets can indirectly affect BOK Financial, particularly in areas like investment banking or wealth management. High volatility can deter clients from making investment decisions, impacting fee income.
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Geopolitical Risks: Events such as trade tensions, political instability, or changes in international relations can create uncertainty that affects economic conditions and, in turn, the banking industry.
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Health Crises: The long-term impacts of the COVID-19 pandemic have shown that health crises can lead to economic disruptions. Future pandemics or similar crises could lead to decreased demand for banking services and higher default rates.
Addressing these risks requires a proactive approach, including diversification of services, strong risk management frameworks, and investment in technology and compliance solutions to align with evolving market conditions.
Balance Sheet Decomposition
BOK Financial Corp
Net Loans | 24.3B |
Investments | 20.8B |
PP&E | 632.4m |
Intangibles | 1.4B |
Other Assets | 3.3B |
Total Deposits | 36.2B |
Short Term Debt | 813.8m |
Long Term Debt | 159.7m |
Other Liabilities | 8B |
BOK Financial reported strong third-quarter earnings of $140 million, or $2.18 per share. Their net interest income rose by $12.1 million, supported by improved margins, which increased by 12 basis points. Loan growth faced challenges, with a 2.3% decline in outstanding loans, yet commitments stayed stable, and year-over-year growth was seen in core commercial loans at 6.4%. The firm surpassed $110 billion in assets under management, bolstering their fee income to $202.5 million. Looking ahead, they forecast net interest income slightly over $1.2 billion for 2024, indicating confidence in ongoing growth despite market variability.
What is Earnings Call?
Wall St
Price Targets
BOKF Price Targets Summary
BOK Financial Corp
According to Wall Street analysts, the average 1-year price target for BOKF is 118.09 USD with a low forecast of 106.05 USD and a high forecast of 129.15 USD.
Dividends
Current shareholder yield for BOKF is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Ownership
BOKF Insider Trading
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Description
BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. The company is headquartered in Tulsa, Oklahoma and currently employs 4,816 full-time employees. The Bank operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. The Bank operates banking divisions across eight states: Bank of Albuquerque, Bank of Oklahoma, Bank of Texas and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri. The company operates three principal businesses: Commercial Banking, Consumer Banking and Wealth Management. Commercial Banking includes lending, treasury and cash management services and customer commodity risk management products for small businesses, middle market and larger commercial customers. Consumer Banking includes retail lending and deposit services, lending and deposit services to small business customers served through the retail branch network and all mortgage loan origination and servicing activities. Wealth Management engages in brokerage and trading activities, related to providing liquidity to the mortgage markets.
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The intrinsic value of one BOKF stock under the Base Case scenario is 119.94 USD.
Compared to the current market price of 117.53 USD, BOK Financial Corp is Undervalued by 2%.