Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2020

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2020 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	174,314	$	18,795	$	34,359	$	50,636	$	278,104
Net interest revenue (expense) from internal sources	(29,205)		20,475		(7,479)		16,209		—
Net interest revenue	145,109		39,270		26,880		66,845		278,104
Provision for credit losses	13,762		535		(89)		121,113		135,321
Net interest revenue after provision for credit losses	131,347		38,735		26,969		(54,268)		142,783
Other operating revenue	47,898		67,192		106,674		10,929		232,693
Other operating expense	62,933		58,936		80,567		92,951		295,387
Net direct contribution	116,312		46,991		53,076		(136,290)		80,089
Gain on financial instruments, net	48		7,356		—		(7,404)		—
Change in fair value of mortgage servicing rights	—		(761)		—		761		—
Gain on repossessed assets, net	191		27		—		(218)		—
Corporate expense allocations	5,437		10,812		8,204		(24,453)		—
Net income before taxes	111,114		42,801		44,872		(118,698)		80,089
Federal and state income taxes	30,122		10,901		11,478		(36,698)		15,803
Net income	80,992		31,900		33,394		(82,000)		64,286
Net income (loss) attributable to non-controlling interests	—		—		—		(407)		(407)
Net income attributable to BOK Financial Corp. shareholders	$	80,992	$	31,900	$	33,394	$	(81,593)	$	64,693

Average assets	$	27,575,652	$	9,920,005	$	15,721,452	$	(3,460,078)	$	49,757,031

Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2020 is as follows (in thousands):



	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest revenue from external sources	$	376,216	$	44,671	$	48,725	$	69,852	$	539,464
Net interest revenue (expense) from internal sources	(79,700)		38,531		(2,941)		44,110		—
Net interest revenue	296,516		83,202		45,784		113,962		539,464
Provision for credit losses	30,642		1,791		(137)		196,796		229,092
Net interest revenue after provision for credit losses	265,874		81,411		45,921		(82,834)		310,372
Other operating revenue	86,118		122,254		204,555		85		413,012
Other operating expense	123,685		113,729		158,759		167,838		564,011
Net direct contribution	228,307		89,936		91,717		(250,587)		159,373
Gain on financial instruments, net	97		94,120		7		(94,224)		—
Change in fair value of mortgage servicing rights	—		(89,241)		—		89,241		—
Gain on repossessed assets, net	200		40		—		(240)		—
Corporate expense allocations	14,342		21,299		16,469		(52,110)		—
Net income before taxes	214,262		73,556		75,255		(203,700)		159,373
Federal and state income taxes	58,295		18,735		19,288		(63,215)		33,103
Net income	155,967		54,821		55,967		(140,485)		126,270
Net income (loss) attributable to non-controlling interests	—		—		—		(502)		(502)
Net income attributable to BOK Financial Corp. shareholders	$	155,967	$	54,821	$	55,967	$	(139,983)	$	126,772

Average assets	$	26,131,814	$	9,885,429	$	14,222,432	$	(2,500,850)	$	47,738,825

Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2019 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other¹		BOK Financial Consolidated
Net interest revenue from external sources	$	251,084	$	25,300	$	17,222	$	(8,174)	$	285,432
Net interest revenue (expense) from internal sources	(66,613)		27,415		9,719		29,479		—
Net interest revenue	184,471		52,715		26,941		21,305		285,432
Provision for credit losses	6,823		1,728		(48)		(3,503)		5,000
Net interest revenue after provision for credit losses	177,648		50,987		26,989		24,808		280,432
Other operating revenue	41,611		48,811		86,017		(4,374)		172,065
Other operating expense	63,415		57,694		69,452		86,576		277,137
Net direct contribution	155,844		42,104		43,554		(66,142)		175,360
Gain (loss) on financial instruments, net	20		20,981		—		(21,001)		—
Change in fair value of mortgage servicing rights	—		(29,555)		—		29,555		—
Gain (loss) on repossessed assets, net	—		92		—		(92)		—
Corporate expense allocations	10,652		11,695		9,168		(31,515)		—
Net income before taxes	145,212		21,927		34,386		(26,165)		175,360
Federal and state income taxes	38,932		5,585		8,842		(15,779)		37,580
Net income	106,280		16,342		25,544		(10,386)		137,780
Net income attributable to non-controlling interests	—		—		—		217		217
Net income (loss) attributable to BOK Financial Corp. shareholders	$	106,280	$	16,342	$	25,544	$	(10,603)	$	137,563

Average assets	$	22,910,724	$	9,212,667	$	9,849,396	$	(1,128,010)	$	40,844,777

Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2019 is as follows (in thousands):



	Commercial		Consumer		Wealth Management		Funds Management and Other¹		BOK Financial Consolidated
Net interest revenue from external sources	$	455,293	$	47,775	$	38,708	$	21,758	$	563,534
Net interest revenue (expense) from internal sources	(120,251)		56,042		16,489		47,720		—
Net interest revenue	335,042		103,817		55,197		69,478		563,534
Provision for credit losses	18,069		2,813		(167)		(7,715)		13,000
Net interest revenue after provision for credit losses	316,973		101,004		55,364		77,193		550,534
Other operating revenue	79,223		91,559		159,431		(878)		329,335
Other operating expense	114,042		111,515		130,959		207,778		564,294
Net direct contribution	282,154		81,048		83,836		(131,463)		315,575
Gain (loss) on financial instruments, net	38		35,078		—		(35,116)		—
Change in fair value of mortgage servicing rights	—		(50,221)		—		50,221		—
Gain (loss) on repossessed assets, net	(346)		195		—		151		—
Corporate expense allocations	20,107		23,595		17,528		(61,230)		—
Net income before taxes	261,739		42,505		66,308		(54,977)		315,575
Federal and state income taxes	69,938		10,826		17,045		(30,279)		67,530
Net income	191,801		31,679		49,263		(24,698)		248,045
Net income attributable to non-controlling interests	—		—		—		(130)		(130)
Net income attributable to BOK Financial Corp. shareholders	$	191,801	$	31,679	$	49,263	$	(24,568)	$	248,175

Average assets	$	21,432,513	$	8,794,498	$	9,590,629	$	444,327	$	40,261,967