BOK Financial Corporation (BOKF) Q1 2025 Earnings Call Transcript

BOK Financial Corporation (NASDAQ:BOKF) Q1 2025 Earnings Conference Call April 22, 2025 1:00 PM ET

Company Participants

Heather King - Director of Investor Relations
Stacy Kymes - President & Chief Executive Officer
Scott Grauer - Executive Vice President, Wealth Management
Martin Grunst - Executive Vice President & Chief Financial Officer

Conference Call Participants

Jared Shaw - Barclays
Jon Arfstrom - RBC Capital Markets
Peter Winter - D.A. Davidson
Michael Rose - Raymond James
Woody Lay - KBW
Matt Olney - Stephens

Operator

Greetings. Welcome to BOK Financial Corporation's First Quarter 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the presentation over to Heather King, Director of Investor Relations for BOK Financial Corporation. Please proceed.

Heather King

Good afternoon and thank you for joining our discussion of BOK Financial's first quarter 2025 financial results. Our CEO, Stacy Kymes, will provide opening comments and cover our loan portfolio and related credit metrics. Scott Grauer, Executive Vice President of Wealth Management, will cover our fee-based results. Our CFO, Marty Grunst, will then discuss financial performance for the quarter and our forward guidance. Slide presentation and press release are available on our website at bokf.com. We refer you to the disclaimers on Slide 2 regarding any forward-looking statements made during this call.

I will now turn the call over to Stacy Kymes, who will begin on Slide 4.

Stacy Kymes

Thank you, Heather. We appreciate you joining the call this afternoon. We are pleased to report earnings of $119.8 million or EPS of $1.86 per diluted share for the first quarter. At BOK Financial, we worked hard over the years to build a reputation as a strong, stable