BOK FINANCIAL CORPBOKF
BOK FINANCIAL CORP Revenue Disclosure
Fees and Commissions Revenue
Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2025 (in thousands):
| Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Corporation | Out of Scope1 | In Scope2 | ||||||||||||||||||||||||||||||||||||||
| Trading revenue | $ | — | $ | — | $ | 58,966 | $ | — | $ | 58,966 | $ | 58,966 | $ | — | ||||||||||||||||||||||||||||||
Customer hedging revenue | 14,519 | — | 12,335 | 1,432 | 28,286 | 28,286 | — | |||||||||||||||||||||||||||||||||||||
Retail brokerage revenue | — | — | 21,434 | — | 21,434 | — | 21,434 | |||||||||||||||||||||||||||||||||||||
Investment banking revenue | 19,496 | — | 31,560 | — | 51,056 | 18,947 | 32,109 | |||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | 34,015 | — | 124,295 | 1,432 | 159,742 | 106,199 | 53,543 | |||||||||||||||||||||||||||||||||||||
| TransFund EFT network revenue | 94,703 | 3,082 | (69) | 6 | 97,722 | — | 97,722 | |||||||||||||||||||||||||||||||||||||
| Merchant services revenue | 9,775 | 31 | — | — | 9,806 | — | 9,806 | |||||||||||||||||||||||||||||||||||||
| Corporate card revenue | 8,417 | — | 1,355 | 380 | 10,152 | — | 10,152 | |||||||||||||||||||||||||||||||||||||
| Transaction card revenue | 112,895 | 3,113 | 1,286 | 386 | 117,680 | — | 117,680 | |||||||||||||||||||||||||||||||||||||
| Personal trust revenue | — | — | 111,364 | — | 111,364 | — | 111,364 | |||||||||||||||||||||||||||||||||||||
| Corporate trust revenue | — | — | 45,518 | — | 45,518 | — | 45,518 | |||||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | — | — | 75,309 | — | 75,309 | — | 75,309 | |||||||||||||||||||||||||||||||||||||
Investment management services and other | — | — | 24,970 | — | 24,970 | — | 24,970 | |||||||||||||||||||||||||||||||||||||
| Fiduciary and asset management revenue | — | — | 257,161 | — | 257,161 | — | 257,161 | |||||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | 68,210 | 2,298 | 2,533 | 4 | 73,045 | — | 73,045 | |||||||||||||||||||||||||||||||||||||
| Overdraft fee revenue | 121 | 22,574 | 189 | (9) | 22,875 | — | 22,875 | |||||||||||||||||||||||||||||||||||||
Check card revenue | — | 23,764 | — | — | 23,764 | — | 23,764 | |||||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | 1,007 | 4,562 | 278 | (2) | 5,845 | — | 5,845 | |||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | 69,338 | 53,198 | 3,000 | (7) | 125,529 | — | 125,529 | |||||||||||||||||||||||||||||||||||||
| Mortgage production revenue | — | 8,669 | — | — | 8,669 | 8,669 | — | |||||||||||||||||||||||||||||||||||||
| Mortgage servicing revenue | — | 72,529 | — | (3,613) | 68,916 | 68,916 | — | |||||||||||||||||||||||||||||||||||||
| Mortgage banking revenue | — | 81,198 | — | (3,613) | 77,585 | 77,585 | — | |||||||||||||||||||||||||||||||||||||
| Other revenue | 16,724 | 11,744 | 41,870 | (7,295) | 63,043 | 35,256 | 27,787 | |||||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | $ | 232,972 | $ | 149,253 | $ | 427,612 | $ | (9,097) | $ | 800,740 | $ | 219,040 | $ | 581,700 | ||||||||||||||||||||||||||||||
1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2024 (in thousands):
| Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Corporation | Out of Scope1 | In Scope2 | ||||||||||||||||||||||||||||||||||||||
| Trading revenue | $ | — | $ | — | $ | 121,854 | $ | — | $ | 121,854 | $ | 121,854 | $ | — | ||||||||||||||||||||||||||||||
Customer hedging revenue | 14,795 | — | 11,169 | 1,774 | 27,738 | 27,738 | — | |||||||||||||||||||||||||||||||||||||
Retail brokerage revenue | — | — | 19,428 | — | 19,428 | — | 19,428 | |||||||||||||||||||||||||||||||||||||
Investment banking revenue | 17,314 | — | 31,758 | — | 49,072 | 15,681 | 33,391 | |||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | 32,109 | — | 184,209 | 1,774 | 218,092 | 165,273 | 52,819 | |||||||||||||||||||||||||||||||||||||
| TransFund EFT network revenue | 88,089 | 3,104 | (77) | 6 | 91,122 | — | 91,122 | |||||||||||||||||||||||||||||||||||||
| Merchant services revenue | 9,371 | 32 | — | — | 9,403 | — | 9,403 | |||||||||||||||||||||||||||||||||||||
| Corporate card revenue | 7,366 | — | 615 | 359 | 8,340 | — | 8,340 | |||||||||||||||||||||||||||||||||||||
| Transaction card revenue | 104,826 | 3,136 | 538 | 365 | 108,865 | — | 108,865 | |||||||||||||||||||||||||||||||||||||
| Personal trust revenue | — | — | 102,689 | — | 102,689 | — | 102,689 | |||||||||||||||||||||||||||||||||||||
| Corporate trust revenue | — | — | 37,524 | — | 37,524 | — | 37,524 | |||||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | — | — | 67,175 | — | 67,175 | — | 67,175 | |||||||||||||||||||||||||||||||||||||
Investment management services and other | — | — | 23,472 | — | 23,472 | — | 23,472 | |||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | — | — | 230,860 | — | 230,860 | — | 230,860 | |||||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | 61,818 | 2,185 | 2,299 | — | 66,302 | — | 66,302 | |||||||||||||||||||||||||||||||||||||
| Overdraft fee revenue | 121 | 22,081 | 143 | 5 | 22,350 | — | 22,350 | |||||||||||||||||||||||||||||||||||||
Check card revenue | — | 23,949 | — | — | 23,949 | — | 23,949 | |||||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | 1,058 | 4,783 | 306 | (3) | 6,144 | — | 6,144 | |||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | 62,997 | 52,998 | 2,748 | 2 | 118,745 | — | 118,745 | |||||||||||||||||||||||||||||||||||||
| Mortgage production revenue | — | 8,739 | — | — | 8,739 | 8,739 | — | |||||||||||||||||||||||||||||||||||||
| Mortgage servicing revenue | — | 68,340 | — | (2,972) | 65,368 | 65,368 | — | |||||||||||||||||||||||||||||||||||||
| Mortgage banking revenue | — | 77,079 | — | (2,972) | 74,107 | 74,107 | — | |||||||||||||||||||||||||||||||||||||
| Other revenue | 16,858 | 11,905 | 44,324 | (13,733) | 59,354 | 35,686 | 23,668 | |||||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | $ | 216,790 | $ | 145,118 | $ | 462,679 | $ | (14,564) | $ | 810,023 | $ | 275,066 | $ | 534,957 | ||||||||||||||||||||||||||||||
1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Fees and commissions revenue by reportable segment and primary service line is as follows for the year ended December 31, 2023 (in thousands):
| Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Corporation | Out of Scope1 | In Scope2 | ||||||||||||||||||||||||||||||||||||||
| Trading revenue | $ | — | $ | — | $ | 134,511 | $ | — | $ | 134,511 | $ | 134,511 | $ | — | ||||||||||||||||||||||||||||||
Customer hedging revenue | 33,307 | — | (102) | 3,317 | 36,522 | 36,522 | — | |||||||||||||||||||||||||||||||||||||
Retail brokerage revenue | — | — | 15,908 | — | 15,908 | — | 15,908 | |||||||||||||||||||||||||||||||||||||
Insurance brokerage revenue | — | — | 10,679 | — | 10,679 | — | 10,679 | |||||||||||||||||||||||||||||||||||||
Investment banking revenue | 17,079 | — | 25,911 | — | 42,990 | 15,525 | 27,465 | |||||||||||||||||||||||||||||||||||||
Brokerage and trading revenue | 50,386 | — | 186,907 | 3,317 | 240,610 | 186,558 | 54,052 | |||||||||||||||||||||||||||||||||||||
| TransFund EFT network revenue | 86,046 | 3,513 | (69) | 6 | 89,496 | — | 89,496 | |||||||||||||||||||||||||||||||||||||
| Merchant services revenue | 9,172 | 34 | — | — | 9,206 | — | 9,206 | |||||||||||||||||||||||||||||||||||||
| Corporate card revenue | 7,014 | — | 713 | 429 | 8,156 | — | 8,156 | |||||||||||||||||||||||||||||||||||||
| Transaction card revenue | 102,232 | 3,547 | 644 | 435 | 106,858 | — | 106,858 | |||||||||||||||||||||||||||||||||||||
| Personal trust revenue | — | — | 95,070 | — | 95,070 | — | 95,070 | |||||||||||||||||||||||||||||||||||||
| Corporate trust revenue | — | — | 31,228 | — | 31,228 | — | 31,228 | |||||||||||||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | — | — | 58,692 | — | 58,692 | — | 58,692 | |||||||||||||||||||||||||||||||||||||
Investment management services and other | — | — | 22,349 | (21) | 22,328 | — | 22,328 | |||||||||||||||||||||||||||||||||||||
Fiduciary and asset management revenue | — | — | 207,339 | (21) | 207,318 | — | 207,318 | |||||||||||||||||||||||||||||||||||||
Commercial account service charge revenue | 53,670 | 2,070 | 1,969 | — | 57,709 | — | 57,709 | |||||||||||||||||||||||||||||||||||||
| Overdraft fee revenue | 109 | 20,753 | 139 | 3 | 21,004 | — | 21,004 | |||||||||||||||||||||||||||||||||||||
Check card revenue | — | 23,463 | — | — | 23,463 | — | 23,463 | |||||||||||||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | 1,056 | 5,076 | 206 | — | 6,338 | — | 6,338 | |||||||||||||||||||||||||||||||||||||
Deposit service charges and fees | 54,835 | 51,362 | 2,314 | 3 | 108,514 | — | 108,514 | |||||||||||||||||||||||||||||||||||||
| Mortgage production revenue | — | (5,339) | — | — | (5,339) | (5,339) | — | |||||||||||||||||||||||||||||||||||||
| Mortgage servicing revenue | — | 63,431 | — | (2,394) | 61,037 | 61,037 | — | |||||||||||||||||||||||||||||||||||||
| Mortgage banking revenue | — | 58,092 | — | (2,394) | 55,698 | 55,698 | — | |||||||||||||||||||||||||||||||||||||
| Other revenue | 26,881 | 10,731 | 78,243 | (53,735) | 62,120 | 34,282 | 27,838 | |||||||||||||||||||||||||||||||||||||
Total fees and commissions revenue | $ | 234,334 | $ | 123,732 | $ | 475,447 | $ | (52,395) | $ | 781,118 | $ | 276,538 | $ | 504,580 | ||||||||||||||||||||||||||||||
1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.
2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 23, 2022 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.