BOK FINANCIAL CORP
For the period ended Apr 20, 2026. Filed Apr 20, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Apr 20, 2026 · Filed Apr 20, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · Operating Expense
Operating Expense
| (Dollars in thousands) | Mar. 31, 2026 | Dec. 31, 2025 | Change | % Change |
|---|---|---|---|---|
| Personnel | $211,174 | $222,726 | $(11,552) | (5.2)% |
| Business promotion | 9,226 | 11,516 | (2,290) | (19.9)% |
| Professional fees and services | 14,295 | 18,371 | (4,076) | (22.2)% |
| Net occupancy and equipment | 33,182 | 32,693 | 489 | 1.5% |
| FDIC and other insurance | 5,685 | 6,078 | (393) | (6.5)% |
| FDIC special assessment | — | (9,479) | 9,479 | N/A |
| Data processing and communications | 51,768 | 51,299 | 469 | 0.9% |
| Printing, postage, and supplies | 3,679 | 4,077 | (398) | (9.8)% |
| Amortization of intangible assets | 2,443 | 2,656 | (213) | (8.0)% |
| Mortgage banking costs | 11,757 | 10,663 | 1,094 | 10.3% |
| Other expense | 10,957 | 10,454 | 503 | 4.8% |
| Total operating expense | $354,166 | $361,054 | $(6,888) | (1.9)% |
Total operating expense was $354.2 million for the first quarter of 2026, a decrease of $6.9 million compared to the prior quarter.
Personnel expense was $211.2 million, a decrease of $11.6 million. Cash-based incentive compensation decreased $7.0 million. The fourth quarter included higher incentive compensation expenses, primarily driven by strong results in both commercial and wealth production volumes. Regular compensation decreased $2.5 million to $122.2 million, reflecting normalization of quarterly compensation expense as the majority of transitional personnel costs from talent base alignment were recognized in the prior quarter. Deferred compensation expense was $182 thousand, a decrease of $2.2 million compared to the prior quarter. Employee benefits expense increased $1.5 million due to a seasonal increase in payroll taxes, partially offset by lower employee healthcare costs.
Excluding the impact of the FDIC special assessment adjustment in the prior quarter, non-personnel expense decreased $4.8 million. Professional fees and services decreased $4.1 million, primarily driven by lower project costs. Business promotion expense decreased $2.3 million due to lower travel and advertising costs. Mortgage banking costs increased $1.1 million due to increased payoff activity.
| BOK Financial Corporation quarterly earnings release | Exhibit 99.1(a) |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.