# BOK Financial Corporation (BOKF)

> Source: Nexqual · https://nexqual.com/BOKF · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, BOK Financial Corporation (BOKF), nexqual.com/BOKF" · informational, not investment advice.

**Price:** USD 129.09 (+2.13% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 126.4 · day 125.38–129.19 · 52w 102.72–146.84 · market cap $7.84B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.28B, net income $651M (28.5% margin) (SEC filings).
- Valuation: P/E 12.1x (avg 12.1x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold BOKF (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (11 analysts), mean target USD 143.33 (range 135–155).
- Total return with dividends: 1Y +25.6% vs S&P 500 +14.9%; 5Y +42.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-19, EPS estimate USD 2.6, revenue estimate $577M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.85B | $2.06B | $2.05B | $2.18B | $2.28B |
| Net income | $618M | $520M | $531M | $524M | $578M | $651M |
| EPS (diluted) | $8.95 | $7.68 | $8.02 | $8.14 | $9.17 | — |
| Free cash flow | -$3.90B | $4.91B | -$99.7M | $1.26B | $575M | $1.33B |
| Net margin | 33.0% | 28.1% | 25.7% | 25.5% | 26.6% | 28.5% |
| Revenue growth | -3.9% | -1.0% | +11.2% | -0.6% | +6.1% | — |
| Cash + short-term investments | $2.84B | $1.40B | $1.35B | $1.43B | $1.66B | — |
| Total debt | $2.49B | $7.14B | $8.96B | $4.45B | $4.63B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.1x · P/S 3.4x · P/FCF 5.9x · P/B 1.3x · FCF yield 17.00% · Earnings yield 8.29% · Dividend yield (paid, TTM) 1.92% · Buyback yield (TTM) 4.56%
P/E at fiscal year-ends: Dec 2025 12.8x, Dec 2024 13.0x, Dec 2023 10.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold BOKF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 2.25% | $226M | Reduced -1.4% |

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 11 analysts; mean target USD 143.33 (low 135, high 155).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Citigroup | Target lowered | Neutral | $146 → $140 |
| 2026-10-21 | DA Davidson | Target lowered | Neutral | $147 → $145 |
| 2026-10-21 | Stephens & Co. | Target lowered | Equal-Weight | $148 → $141 |
| 2026-10-09 | RBC Capital | Target lowered | Sector Perform | $149 → $146 |
| 2026-09-30 | Wells Fargo | Downgrade | Equal-Weight → Underweight | $148 → $135 |
| 2026-09-11 | Hovde Group | Initiated | Market Perform | $143 |
| 2026-09-03 | DA Davidson | Maintained | Neutral | $150 |
| 2026-08-10 | Wells Fargo | Target raised | Equal-Weight | $138 → $148 |
| 2026-08-03 | Barclays | Target raised | Equal-Weight | $150 → $155 |
| 2026-07-24 | Keefe, Bruyette & Woods | Target raised | Market Perform | $143 → $146 |
| 2026-07-22 | DA Davidson | Maintained | Neutral | $150 |
| 2026-07-22 | RBC Capital | Target raised | Sector Perform | $147 → $149 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +25.6% | +42.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +25.7% | +7.4% |
| Volatility (annualized) | 20.2% | 27.3% |
| Max drawdown | -15.5% (Aug 2026→Oct 2026) | -41.7% (Jan 2022→Oct 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 3.95 -2.47% · FITB (Fifth Third Bancorp) USD 53.23 +0.80% · DB (Deutsche Bank AG) USD 31.48 -2.39% · TFC (Truist Financial Corporation) USD 48.42 +1.45% · NWG (NatWest Group plc) USD 16.99 -2.30% · NU (Nu Holdings Ltd.) USD 14.73 -2.13%

## More
Full page: https://nexqual.com/BOKF · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $2.60 | $2.60 | +0.0% | $577.2M | 8 |
| Next quarter (ends 2027-03-31) | $2.50 | $2.51 | -0.4% | $575.9M | 7 |
| Current fiscal year (ends 2026-12-31) | $10.46 | $10.29 | +1.7% | $2.27B | 8 |
| Next fiscal year (ends 2027-12-31) | $10.73 | $10.67 | +0.6% | $2.40B | 10 |