BOK Financial reports beat Street forecasts

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TULSA (AP) – BOK Financial Corp. (BOKF) recently reported third-quarter profit of $154 million.

The Tulsa-based bank said it had earnings of $2.19 per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The Regional banking operator posted revenue of $528.8 million in the period. Its revenue net of interest expense was $505.9 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $482.6 million.

BOK Financial shares have decreased 35% since the beginning of the year. The stock has declined 28% in the last 12 months.