One insured bank behind several regional names
BOKF, National Association is the Tulsa-based insured bank at FDIC certificate 4214, national charter 13679 and Federal Reserve identifier 339858. The FDIC index dated October 2, reviewed October 5, 2026, lists it as active. It ranks 49th in this series’ June 30 asset inventory of domestic insured banks and savings institutions. That ranking uses a broader universe than a ranking restricted to nationally chartered commercial banks. [1][2]
BOK Financial Corporation is the separate listed parent, traded on Nasdaq under BOKF. The group presents Bank of Oklahoma, Bank of Texas, Bank of Albuquerque and BOK Financial among its banking brands, alongside distinct investment and wealth businesses. Those four names are banking divisions of BOKF, N.A., rather than separately chartered banks. The controlling legal identity in this profile is certificate 4214. [1][4][6]
The group’s business page describes full-service banking markets spanning Oklahoma, Texas, New Mexico, Arkansas, Arizona, Colorado, Kansas and Missouri. It also serves clients beyond the branch footprint. Companywide wealth assets and consolidated earnings describe a wider reporting perimeter than the insured-bank regulatory figures below. [4]
The bank-level balance sheet and its limits
At June 30, BOKF, N.A. reported $52.985 billion in assets, $40.021 billion in deposits and $26.867 billion in net loans and leases. The amounts below are rounded from FDIC fields expressed in thousands. The income figure covers six months, not one quarter, and accounting equity is not the same measure as regulatory capital. [2]
Calculated net loans and leases were approximately 67.1% of bank deposits. The parent separately reports a 68% loan-to-deposit ratio using its own consolidated loan and deposit measures. The small difference is not a contradiction: net-versus-gross loan definitions and reporting perimeter can change the ratio. Neither calculation measures how much funding could leave during a stress event. [2][3]
Scroll horizontally to see all columns.
| Insured-bank measure | June 30, 2026 value |
|---|---|
| Assets | $52.985 billion |
| Deposits | $40.021 billion |
| Net loans and leases | $26.867 billion |
| Total equity capital | $5.748 billion |
| Net income, six months ended June 30 | $324.8 million |
Energy expertise is a specialization, not the whole bank
The parent’s June loan table reports $3.053 billion of energy loans out of $27.084 billion total loans, or about 11.3% by calculation. Its product page lists reserve-based and term lending, acquisition and minerals finance, midstream and processing finance, working capital, letters of credit and syndications. Energy is a meaningful specialty, but most reported loans are outside that category. [3][5]
Reserve-based lending ties borrowing capacity to estimated producing reserves and their economics. Commodity prices, expected production, operating costs and hedging can change the value supporting a loan. A borrower may consequently face reduced availability at the same time cash receipts weaken. Engineering expertise informs the estimate; it cannot make production forecasts or commodity prices certain.
The July presentation describes 18 petroleum engineers and analysts on staff. The energy product page refers to a broader team of more than 50 bankers, engineers, analysts, hedging specialists and technical assistants. These are different staff definitions, not incompatible headcounts. The page advertises individual loans as high as $100 million and syndications up to $750 million; these are product parameters rather than proof of actual exposures or commitments to every applicant. [3][5]
Healthcare and general commercial lending broaden exposure
The parent’s June portfolio table lists $4.084 billion in healthcare loans, $4.100 billion in services, $4.609 billion in general business and $451.8 million in mortgage finance. Total commercial loans were $16.297 billion. The categories make the business more varied than the energy label alone suggests, but they do not demonstrate that the underlying risks are uncorrelated. [3]
Healthcare borrowers, for example, can depend on reimbursement timing, staffing costs and occupancy or patient volumes. General business borrowers can face labor, input-cost and demand pressures. This is a description of industry mechanisms, not a finding that particular BOKF borrowers are distressed. The presentation does not provide enough detail to identify the healthcare portfolio’s payer mix or the financial position of individual customers.
Mortgage-finance balances rose from $228.2 million in March to $451.8 million in June. That is distinct from consumer residential mortgages. Financing an originator or mortgage business can depend on loan turnover and sale execution as well as the quality of the underlying household borrower. The reviewed portfolio table establishes growth in the category, but not its exact collateral terms or the cause of that growth. [3]
Commercial property has several separate drivers
Consolidated commercial real estate loans totaled $5.885 billion at June 30, including $2.570 billion of multifamily, $1.283 billion of industrial and $852.7 million of office loans. Total commercial property balances were nearly unchanged from March even as individual sectors moved in different directions. An aggregate total can therefore conceal changing composition. [3]
The office balance was approximately 3.1% of total reported loans by calculation. [3] A small share does not eliminate sensitivity to vacancy, refinancing costs and collateral values; nor does it establish that all office exposures are troubled. Industrial and multifamily properties have their own rent, supply and refinancing cycles. The presentation does not supply a property-by-property maturity schedule or current debt-service coverage.
Management describes a limit on committed commercial real estate balances of 185% of Tier 1 capital plus reserves. That is a stated internal concentration limit, not the amount of current funded loans divided by accounting equity and not a guarantee of recoveries. Commitments can include undrawn amounts. [3]
Fee businesses change the interpretation of earnings
BOK Financial’s July presentation reports second-quarter fiduciary and asset-management revenue of $71.0 million and $129.3 billion of assets under management or administration at June 30. These customer assets are not added to the insured bank’s balance-sheet assets. Asset values and customer inflows both influenced the reported increase. [3]
The group also reported $31.6 million of transaction-card revenue and $33.3 million of deposit service charges and fees. These streams can connect the bank to customer transaction activity, while asset-management fees depend partly on market values. Fee diversification consequently reduces reliance on lending spreads without removing exposure to markets or economic activity. [3]
Trading fees alone were $6.7 million, but management’s total trading-revenue measure was $25.0 million because it included $18.3 million of trading-related net interest income. Mixing trading fees with the combined measure would overstate or understate changes depending on the comparison. The broader group also includes securities and investment businesses whose legal identities differ from BOKF, N.A. [3][4][6]
Hedging services link customer activity to liquidity and margin
The parent reported a 2.91% net interest margin for the quarter and a 3.13% core margin excluding trading, with the latter explicitly identified as non-GAAP. Management said cash margin posted for energy customers’ hedging activity reduced core margin by three . This provides a concrete connection between a customer service and the bank group’s own funding and earnings profile. [3]
Collateral posted against derivatives can require cash while an economically offsetting exposure remains outstanding. The resulting demand is different from a . It can change measured returns even when a hedge serves its intended purpose. The reviewed presentation does not quantify every collateral agreement or establish the net exposure under a particular price shock.
Management states that about 76% of the loan portfolio is variable-rate or fixed-rate debt that reprices within a year. Such sensitivity can support income when rates rise, but deposit pricing and hedge positions affect the combined result. Its interest-rate simulations are conditional estimates using assumptions about behavior and timing, rather than predictions of realized earnings. [3]
Headline profit included a material nonrecurring component
BOK Financial reported second-quarter net income attributable to shareholders of $176.5 million, or $2.92 per diluted share. Management’s adjusted, non-GAAP comparison excluding the net Visa share exchange gain and securities repositioning loss was $156.5 million, or $2.59 per share. Both figures describe the consolidated parent, not the bank’s six-month FDIC income. [3]
The presentation itemizes a $30.9 million Visa exchange gain and a $4.6 million available-for-sale securities repositioning loss, producing a $26.3 million pretax effect and approximately $20.1 million after tax. These transactions explain much of the difference between reported and adjusted earnings. Neither measure should silently replace the other; excluding items is management’s analytical presentation, not a separate accounting result. [3]
At the same time, loan growth was substantial: period-end loans increased $896 million from March and 11.5% from June 2025. Strong production and a transaction gain are separate contributors. The presentation does not establish how every new loan will perform over its life. [3]
Very low current losses still leave forward-looking uncertainty
The parent reported approximately $500,000 of second-quarter net and no provision for credit losses. Management said improved economic forecast assumptions were offset by the effect of loan growth in determining the provision. A zero provision is therefore not equivalent to zero credit risk or the absence of a reserve. [3]
The reported combined allowance for credit losses was $323 million, or 1.19% of loans. Nonperforming assets excluding loans guaranteed by U.S. government agencies were about $55 million. That exclusion is important when comparing the measure with another bank or with a regulatory series using a different definition. [3]
Credit costs can lag origination and economic changes. A reserve model recognizes expected loss, while charge-offs represent amounts judged uncollectible under accounting policies; nonperformance identifies a different part of the process. The low current figures alone cannot establish losses in a future commodity, property or broad business downturn.
A regional bank with national specialties and explicit boundaries
BOKF, N.A. combines regional banking brands with energy, healthcare and broader commercial lending. At the parent, wealth management, transactions and market-related businesses contribute substantial additional revenue. The result is a business whose reported profit depends on more than the difference between loan yields and deposit costs.
The financial snapshot is June 30, 2026, the earnings presentation July 21, and undated product and business pages were reviewed October 5. Management’s outlook, internal limits and models are identified as such; none is a guarantee. The selected evidence is not an exhaustive legal or regulatory history and does not establish third-quarter financial results.
Later disclosures can clarify whether recent loan growth produces sustained interest income, how reserve assumptions evolve and how customer hedging affects funding. Keeping the insured-bank balance sheet, consolidated earnings and customer assets under management separate is essential to interpreting those developments without double counting.
Sources
- FDIC active institution records, index dated October 2, checked October 5, 2026Official sourceBack to text: ↑1↑2
- FDIC bank financials, June 30, 2026; dollar fields reported in thousandsOfficial sourceBack to text: ↑1↑2↑3
- BOK Financial second-quarter earnings presentation, July 21, 2026, SEC HTML exhibitFiling / reportBack to text: ↑1↑2↑3↑4↑5↑6↑7↑8↑9↑10↑11↑12↑13↑14↑15↑16↑17↑18
- BOK Financial business and brand structure, undated page reviewed October 5, 2026SourceBack to text: ↑1↑2↑3
- BOK Financial energy lending and syndications, undated product page reviewed October 5, 2026SourceBack to text: ↑1↑2
- BOK Financial legal disclosure identifying bank divisions and nonbank affiliates, reviewed October 5, 2026SourceBack to text: ↑1↑2