BOK Financial forecasts interest income of up to $1.44 billion in 2026
Key Facts
BOK Financial forecast net interest income of between $1.43 billion and $1.44 billion for 2026, according to its earnings presentation filed with the U.S. Securities and Exchange Commission. The banking institution targets period-end loan growth of more than 10% during the year, according to the guidance in the presentation. The company released its third-quarter results on October 19, 2026, according to its SEC filing, covering its banking performance and annual outlook. The guidance assumes one Federal Reserve interest rate increase through year-end, according to the assumptions set out in the company's earnings presentation. It also assumes long-term interest rates consistent with the market-implied forward curve, alongside its assumption for the path of the federal funds rate.
The company's net income in the third quarter of 2026 was about $159.9 million, according to its earnings release filed with the SEC. Diluted earnings per share for the same period were $2.64, while quarterly net interest income totaled $370.0 million, according to the release. Net interest margin widened to 3.00% in the third quarter from 2.91% in the second quarter of the same year. The company attributed the improvement in interest income and the wider margin to "loan growth and repricing of fixed-rate assets," according to its release. In the accompanying earnings presentation, core net interest margin, which excludes trading activity and is classified by the company as a non-GAAP measure, was 3.21% in the third quarter.
In lending, period-end loans totaled about $27.7 billion as of September 30, 2026, according to the earnings presentation filed with the SEC. The balance rose 2.4% from the end of the previous quarter, according to the company's figures on changes in its loan portfolio during the third quarter. Period-end loans grew 11.5% from the same period a year earlier, according to the same presentation. Within sector lending, energy loans grew 8.6% quarter on quarter in the third quarter of 2026. Energy loan growth was 23.7% year on year, exceeding the growth rate of the overall loan portfolio both from the previous quarter and from the same period a year earlier.
On the deposit side, the period-end balance was $39.5 billion as of September 30, 2026, according to the company's quarterly earnings release. In the lending mix, variable-rate loans and fixed-rate loans repricing within a year accounted for about 77% of the portfolio on the same date. Alongside the improvement in interest income, fees and commissions fell to $188.0 million in the third quarter, according to the company's release filed with the SEC. Fees and commissions had totaled $202.0 million in the second quarter of 2026, the comparison cited by the company in its earnings release. The decline in this revenue item came during the same period that saw lending growth and a wider net interest margin compared with the previous quarter.
In the rest of its annual guidance, the company forecast fees and commissions of more than $800 million in 2026, according to its earnings presentation filed with the SEC. On costs, the presentation included a forecast for annual expense growth of about 1% during the same year, as part of management's financial performance estimates. The banking institution also targets an annual efficiency ratio of about 62%, according to the goals presented alongside its revenue and expense forecasts. The company classifies the efficiency ratio in its annual guidance as a non-GAAP measure, according to the earnings presentation accompanying the release. On credit costs, it forecast provision for credit losses expense of less than $10 million for 2026, according to the same guidance.
The company scheduled its third-quarter earnings conference call for October 20, 2026, according to an announcement on its investor relations website. The call is scheduled to begin at noon U.S. Central Time, according to the time announced by the company to discuss its quarterly results. The call follows the release of the earnings statement and annual guidance presentation the previous day, according to the company's SEC filing. On monetary policy, the Federal Reserve holds its next meeting on October 27 and 28, 2026, according to the Federal Open Market Committee's meeting calendar. The meeting falls within the remainder of the year covered by the company's interest rate assumptions in its financial outlook for 2026.