BOK Financial Corporation reported fourth-quarter earnings per share of $2.91, significantly above the consensus estimate of $2.16. This marks a year-over-year adjusted EPS increase of 16.9%, driven by higher net interest income and fee revenue. The company highlighted disciplined cost management, which, despite rising operating expenses, allowed adjusted net income per share to reach $2.48 against the Zacks Consensus of $2.13.

Total revenue for the quarter came in at $560.1 million, outpacing the forecast of $549.4 million. Sequentially, loan balances grew 3.2% to $25.6 billion, while deposits rose 2.4% to $39.4 billion. Management attributed this momentum to strong commercial lending activity in its core Southwest and Midwest markets, as well as solid deposit retention and new client acquisition in the wealth management segment.

BOKF’s net interest margin expanded to 2.98%, up from 2.85% in the prior quarter, benefiting from lower funding costs and a repricing of earning assets. Key capital ratios remained robust, with a debt-to-equity ratio of 0.78 and an enterprise value to operating cash flow multiple of 7.8. The firm’s price-to-earnings ratio stands at 13.68 and its earnings yield near 7.31%, underscoring a favorable valuation relative to regional peer averages.