Wells Fargo Downgrades BOK Financial (BOKF) to Underperform

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Go back to Wells Fargo Downgrades BOK Financial (BOKF) to Underperform

BOK Financial Reports Quarterly Earnings of $43 Million

April 27, 2016 8:01 AM EDT

TULSA, Okla., April 27, 2016 (GLOBE NEWSWIRE) -- BOK Financial Corporation (Nasdaq: BOKF) reported net income of $42.6 million or $0.64 per diluted share for the first quarter of 2016. Net income was $59.6 million or $0.89 per diluted share for the fourth quarter of 2015 and $74.8 million or $1.08 per diluted share for the first quarter of 2015.

Steven G. Bradshaw, president and chief executive officer, stated, We earned $43 million in the first quarter despite a number of challenges including a higher loan loss provision necessitated by the extended commodities downturn and its impact on our energy loan portfolio. In addition, a... More