BOK Financial reported Q2 GAAP EPS of $2.92, exceeding expectations by $0.19, driven by a $9.3 million rise in net interest income.
BOK Financial posted second-quarter GAAP earnings per share of $2.92, surpassing estimates by $0.19. The beat was supported by a $9.3 million increase in net interest income, which totaled $351.8 million for the period.
Net interest margin expanded slightly to 2.91% from 2.90% in the prior quarter. However, fees and commissions revenue declined to $202.0 million from $209.8 million in the previous quarter.
The results reflect steady performance in net interest income amid a competitive lending environment.