BOKF - BOK Financial Corporation (BOKF) Q1 2024 Earnings Call Transcript
2024-04-24 13:31:10 ET
BOK Financial Corporation (BOKF)
Q1 2024 Earnings Conference Call
April 24, 2024, 10:00 AM ET
Company Participants
Heather Worley - Director of Investor Relations
Stacy Kymes - President and Chief Executive Officer
Martin Grunst - Executive Vice President and Chief Financial Officer
Marc Maun - Executive Vice President, Regional Banking
Scott Grauer - Executive Vice President, Wealth Management
Conference Call Participants
Jon Arfstrom - RBC Capital Markets
Peter Winter - D.A. Davidson
Ben Gerlinger - Citi
Will Jones - KBW
Timur Braziler - Wells Fargo
Matt Olney - Stephens Inc.
Brandon King - Truist Securities
Presentation
Operator
Greetings. Welcome to BOK Financial Corporation's First Quarter 2024 Earnings Conference Call. As a reminder, this call is being recorded.
I would now like to turn the presentation over to Heather Worley, Director of Investor Relations for BOK Financial Corporation. Please proceed.
Heather Worley
Good morning and thank you for joining us to discuss BOK Financial's first quarter 2024 financial results. Our CEO, Stacy Kymes, will provide opening comments; Marc Maun, Executive Vice President for Regional Banking, will cover our loan portfolio and related credit metrics; and Scott Grauer, Executive Vice President of Wealth Management, will cover our fee-based results. Our CFO Martin Grunst will then discuss financial performance for the quarter and our forward guidance.
A slide presentation and press release are available on our website at bokf.com. We refer you to the disclaimers on Slide 2 regarding any forward-looking statements made during this call.
I'll now turn the call over to Stacy Kymes who will begin on Slide 4.
Stacy Kymes
Thank you, Heather. We're excited to welcome Heather to our team. We are pleased to report earnings in the first quarter of $83.7 million or EPS of $1.29 per diluted share. Adjusting for notable items such as AFS repositioning and FDIC special assessment, net income would have been $123.2 million and EPS would have been $1.91 per share.
Before I discuss the highlights from the first quarter, I would like to talk about our strategy. At BOKF our approach is based on the long-term. We are focused on driving profitability and performance that creates sustainable value for our shareholders. BOK Financial is a full service financial services company with a diversified loan portfolio, unwavering discipline and credit quality, top tier fee income businesses that produce attractive returns and a solid core deposit franchise....
BOK Financial Corporation (BOKF) Q1 2024 Earnings Call Transcript