Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2023

Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2023 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest and dividend revenue from external sources	$	1,179,336	$	59,985	$	39,198	$	(6,339)	$	1,272,180
Net interest revenue (expense) from internal sources	(146,965)		389,791		142,340		(385,166)		—
Net interest and dividend revenue	1,032,371		449,776		181,538		(391,505)		1,272,180
Net loans charged off and provision for credit losses	13,967		5,157		(50)		26,926		46,000
Net interest and dividend revenue after provision for credit losses	1,018,404		444,619		181,588		(418,431)		1,226,180
Other operating revenue	246,225		123,678		506,447		(86,401)		789,949
Other operating expense	312,794		212,114		352,540		455,433		1,332,881
Net direct contribution	951,835		356,183		335,495		(960,265)		683,248
Gain (loss) on financial instruments, net	378		(14,806)		—		14,428		—
Change in fair value of mortgage servicing rights	—		(3,115)		—		3,115		—
Gain (loss) on repossessed assets, net	398		36		—		(434)		—
Corporate expense allocations	74,976		48,565		53,463		(177,004)		—
Net income before taxes	877,635		289,733		282,032		(766,152)		683,248
Federal and state income taxes	213,174		68,143		66,549		(195,751)		152,115
Net income	664,461		221,590		215,483		(570,401)		531,133
Net income attributable to non-controlling interests	—		—		—		387		387
Net income attributable to BOK Financial Corp. shareholders	$	664,461	$	221,590	$	215,483	$	(570,788)	$	530,746

Average assets	$	28,630,716	$	9,561,512	$	13,570,153	$	(3,518,227)	$	48,244,154

Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2022 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest and dividend revenue from external sources	$	818,213	$	69,646	$	155,974	$	167,547	$	1,211,380
Net interest revenue (expense) from internal sources	(73,764)		88,603		5,623		(20,462)		—
Net interest and dividend revenue	744,449		158,249		161,597		147,085		1,211,380
Net loans charged off and provision for credit losses	17,726		5,260		(175)		7,189		30,000
Net interest and dividend revenue after provision for credit losses	726,723		152,989		161,772		139,896		1,181,380
Other operating revenue	241,594		121,819		339,501		(59,657)		643,257
Other operating expense	289,243		209,210		312,377		353,650		1,164,480
Net direct contribution	679,074		65,598		188,896		(273,411)		660,157
Gain (loss) on financial instruments, net	1		(93,346)		4		93,341		—
Change in fair value of mortgage servicing rights	—		80,261		—		(80,261)		—
Gain (loss) on repossessed assets, net	(1,903)		139		—		1,764		—
Corporate expense allocations	67,278		44,965		50,241		(162,484)		—
Net income before taxes	609,894		7,687		138,659		(96,083)		660,157
Federal and state income taxes	148,358		1,798		32,639		(42,931)		139,864
Net income	461,536		5,889		106,020		(53,152)		520,293
Net income attributable to non-controlling interests	—		—		—		20		20
Net income attributable to BOK Financial Corp. shareholders	$	461,536	$	5,889	$	106,020	$	(53,172)	$	520,273

Average assets	$	29,084,957	$	10,230,437	$	16,209,684	$	(8,500,442)	$	47,024,636

Reportable segments reconciliation to the Consolidated Financial Statements for the year ended December 31, 2021 is as follows (in thousands):


	Commercial		Consumer		Wealth Management		Funds Management and Other		BOK Financial Consolidated
Net interest and dividend revenue from external sources	$	606,902	$	67,856	$	214,458	$	228,817	$	1,118,033
Net interest revenue (expense) from internal sources	(71,167)		35,671		(386)		35,882		—
Net interest and dividend revenue	535,735		103,527		214,072		264,699		1,118,033
Net loans charged off and provision for credit losses	31,128		4,009		(223)		(134,914)		(100,000)
Net interest and dividend revenue after provision for credit losses	504,607		99,518		214,295		399,613		1,218,033
Other operating revenue	262,402		173,341		298,962		21,070		755,775
Other operating expense	279,571		209,596		320,726		367,815		1,177,708
Net direct contribution	487,438		63,263		192,531		52,868		796,100
Gain (loss) on financial instruments, net	154		(21,871)		—		21,717		—
Change in fair value of mortgage servicing rights	—		41,637		—		(41,637)		—
Gain (loss) on repossessed assets, net	13,001		85		—		(13,086)		—
Corporate expense allocations	54,146		46,010		40,341		(140,497)		—
Net income before taxes	446,447		37,104		152,190		160,359		796,100
Federal and state income taxes	119,934		9,461		38,944		11,436		179,775
Net income	326,513		27,643		113,246		148,923		616,325
Net loss attributable to non-controlling interests	—		—		—		(1,796)		(1,796)
Net income attributable to BOK Financial Corp. shareholders	$	326,513	$	27,643	$	113,246	$	150,719	$	618,121

Average assets	$	28,536,881	$	10,029,687	$	19,425,475	$	(7,840,340)	$	50,151,703