Compared to Estimates, BOK Financial (BOKF) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, BOK Financial (BOKF) reported revenue of $499.05 million, down 1.4% over the same period last year. EPS came in at $2.04, compared to $2.32 in the year-ago quarter.
The reported revenue represents a surprise of -3.54% over the Zacks Consensus Estimate of $517.37 million. With the consensus EPS estimate being $2.12, the EPS surprise was -3.77%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 64% versus the three-analyst average estimate of 64%.
Net Interest Margin: 2.7% versus the three-analyst average estimate of 2.8%.
Net Charge-Offs (% of Average Loans): 0.1% versus 0.2% estimated by three analysts on average.
Average Interest Earning Assets - Average Balance: $44.01 billion compared to the $43.38 billion average estimate based on two analysts.
Net interest income (FTE): $303.11 million versus the three-analyst average estimate of $315.03 million.
Total Non Interest Income (Total other operating revenue): $198.15 million versus $204.43 million estimated by three analysts on average.
Net Interest Income: $300.90 million versus the three-analyst average estimate of $312.93 million.
View all Key Company Metrics for BOK Financial here>>>
Shares of BOK Financial have returned -8.8% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BOK Financial Corporation (BOKF) : Free Stock Analysis Report
