What To Expect From BOK Financial Corporation (BOKF) 2Q20 Earnings

BOK Financial Corporation (NASDAQ:BOKF) is set to announce second quarter earning results on Wednesday 22nd July 2020, before market open.

Analysts surveyed by Thomson Reuters are predicting, BOKF to report 2Q20 income of $ 1.12 per share from revenue of $ 455.60 million.

For the full year, analysts anticipate top line of $ 1814.51 million, while looking forward to income of $ 4.48 per share bottom line.

Previous Quarter Performance

BOK Financial Corporation recorded income for the first quarter of $ 0.88 per share, from the revenue of $ 441.68 million. The quarterly earnings lowered 42.86 percent while revenues raised 1.45 percent compared with the same quarter last year.
Wall street analysts are predicting, BOKF to report 1Q20 income of $ 1.34 per share from revenue of $ 448.34 million. The bottom line results missed street analysts by $ 0.46 or 34.33 percent, at the same time, top line results fell short of analysts by $ 6.66 million or 1.49 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of BOKF was $ 55.14, representing a 59.50 % increase from the 52 week low of $ 34.57 and a 37.54 % decrease over the 52 week high of $ 88.28.

The company has a market capital of $ 3.88 billion and is part of the Financial Services sector and Banks – Regional – US industry.

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Recent Analyst recommendations

On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 66.00 target price.

Conference Call

BOK Financial Corporation will be hosting a conference call at 10:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bokf.com

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, and cash management services, as well as customer risk management products for small businesses, middle market, and larger commercial customers.

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