Earnings Call Intelligence Subscribe
Home › Call Sheets › BOKF › Q3'26
Call sheet · Q3'26

BOK Financial (BOKF)

Q3'26 earnings call · held October 20, 2026 · compared with the Q2'26 call · management-credibility review
8/12
Disclosure score
2 medium, 1 low flags
Financial quality
Bottom line
BOK Financial's NIM rose 9bps while fee revenue fell $14M sequentially. The new NII range overlaps the prior upper-half range but has a lower midpoint; the fee outlook is less precise. Warehouse commitments exceed the original target, but utilization determines funded balances and returns. Assess reserves with credit mix and losses, and do not mistake a call-only omission for missing disclosure in the earnings release.

The 30-second version

  • Margin improved while fee revenue declined
  • The guidance ranges need a precise comparison
  • Mortgage warehouse commitments are ahead of target, but commitments are not funded loans

What changed this quarter

MetricQ2'26Q3'26Change
Net Income$176.5M (incl. $30.9M Visa gain)$159.9MGAAP income fell sequentially; compare separately with the prior adjusted figure
EPS (diluted)$2.92 GAAP / $2.59 adjusted$2.64Current $2.64 versus prior $2.92 GAAP and $2.59 adjusted; bases differ
Total loan growth QoQ3.4%, $896M, record quarter2.4%, $646MDeceleration: -100bps QoQ growth rate, -$250M in dollar growth
Total loan growth YoY11.5% YoY11.5% YoYYear-over-year growth rate unchanged
Core C&I YoY growth+11.1% YoY, +3.9% QoQ+10.9% YoY, 'slight' QoQ growthYear-over-year rate eased 0.2 percentage point
Net interest margin+1bp reported, -2bp core+9bp reported to 3.00%, +8bp coreSharp reported acceleration
Total fee income$202M$188M, -$14M sequentiallyDown $14M sequentially
Total trading revenue$25M$15MDown $10M sequentially
Trading fees (standalone)Described as declining, not isolated-$6.3MNegative fee component; assess with related trading NII
Fiduciary & asset mgmt revenueRecord, +$4.5M incl. tax-prep seasonality$69.9M, highest ever ex-seasonalityUnderlying record even without the seasonal boost

Accountability tracked

7 new promises made4 narrative shifts flagged8 prior promises scored
Inside the full report
The complete write-up covers the full promise ledger with kept/missed calls, disclosure-quality scoring, the metrics-vanished check, verification items, and the questions to ask next quarter.
Read the full BOKF Q3'26 report Subscribe
About Research ↗Call SheetsCredibility IndexMissed PromisesScreens13F BooksData & InstitutionalPrivacyTermsSubscribe
This is a free preview. The full write-up and promise ledger are published to subscribers on Substack.
Scores, kept-promise rates, and flags on this site reflect the author's opinion, applying a stated methodology to statements management made on public earnings calls. Informational and educational purposes only - not investment advice, a recommendation, or an offer to buy or sell any security. Sources believed reliable but not guaranteed; the author may hold positions in the securities discussed.

Follow what management promises next

Get free previews of our earnings-call research: the key changes, management scores, and questions worth investigating. Subscribe for full call sheets and deeper analysis.

Subscriptions are managed by Substack. If the form does not load, subscribe directly. Or follow the RSS feed.