BOK Financial Q2 Earnings Down, But Beat Estimates - Quick Facts

(RTTNews) - Oklahoma-based BOK Financial Corp. (BOKF) Wednesday reported second-quarter earnings which declined, hurt by lower interest revenues that were partially offset by higher fee income. Earnings, however, topped analysts' estimates.

For the 3-month period, net earnings declined to $75.9 million or $1.10 per share, from $79.9 million or $1.16 per share a year earlier.

On average, ten analysts polled by Thomson-Reuters estimated the company's earnings to be $1.04 for the quarter. Analysts' estimates typically exclude one-time items.

Operating expenses increased to $214.71 million from $210.92 million a year ago.

Net interest revenues stood at $166.09 million, down from $168.89 million a year earlier. Other operating revenues totaled $162.57 million, compared with $163.34 million last year.

Total loans rose to $13.43 billion from $12.44 billion a year earlier, and deposits increased to $20.57 billion from $19.49 million last year.