BOK Financial: Now Available At 1.3x Tangible Book Value

(7min)

Summary

  • BOK Financial's balance sheet is robust, with substantial investments in safer securities, countering its perception as an energy-focused lender.
  • Despite a decrease in net interest income, strong non-interest income and lower loan loss provisions kept the net income impact minimal.
  • The bank's dividend yield of 2.6% is secure, representing less than 30% of annualized earnings, and share repurchases have reduced the share count.
  • BOK Financial's energy sector exposure is limited and well-managed, with no past-due energy loans, making the bank's financial health sound.
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Oklahoma Sign Featuring Pawhuska and Drumright with Map and Oil Well

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Introduction

As BOK Financial (NASDAQ:BOKF) has the perception of being a lender with high exposure to the energy sector, I wanted to have a closer look at the bank and its balance sheet. As

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The Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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