TULSA – BOK Financial Corp. (BOKF) recently reported fourth-quarter net income of $110.4 million.
The bank, based in Tulsa, Oklahoma, said it had earnings of $1.56 per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share. The Regional banking operator posted revenue of $548.4 million in the period. Its revenue net of interest expense was $448.8 million, which also did not meet Street forecasts.
Three analysts surveyed by Zacks expected $454.8 million. For the year, the company reported profit of $500.8 million, or $7.03 per share. Revenue was reported as $1.81 billion. BOK Financial shares have declined slightly more than 2% since the beginning of the year. The stock has climbed slightly more than 4% in the last 12 months.