BOK Financial (BOKF) Reports Q1 Earnings: What Key Metrics Have to Say
BOK Financial (BOKF) reported $530.21 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 48.8%. EPS of $2.43 for the same period compares to $0.91 a year ago.
The reported revenue represents a surprise of +1.15% over the Zacks Consensus Estimate of $524.2 million. With the consensus EPS estimate being $2.29, the EPS surprise was +6.11%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BOK Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.38% versus 58.47% estimated by three analysts on average.
Net Interest Margin: 3.45% versus 3.43% estimated by three analysts on average.
Net Charge-Offs (% of Average Loans): 0.01% compared to the 0.19% average estimate based on three analysts.
Total Non Interest Income (Total other operating revenue): $177.87 million compared to the $181.53 million average estimate based on three analysts.
Net Interest Income: $352.35 million compared to the $339.90 million average estimate based on three analysts.
Net interest income (FTE): $354.63 million compared to the $342.07 million average estimate based on three analysts.
View all Key Company Metrics for BOK Financial here>>>
Shares of BOK Financial have returned -6.6% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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BOK Financial Corporation (BOKF) : Free Stock Analysis Report
