Tulsa-Based Bokf Earnings Fall 5%, but Beat Projections
The Journal Record › October 30, 2008
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Summary
BOK Financial shares rose 1.7 percent Wednesday after the Tulsa bank-holding company reported third-quarter earnings 5 percent below year-ago marks, but ahead of Wall Street projections.
"Despite continued disruptions in the financial markets, our capital position and liquidity remain strong," said BOKF President and Chief Executive Stan Lybarger. "Net interest revenue and fee revenue provided a foundation for our earnings while credit reserves increased."See the full content of this document
Extract
Tulsa-Based Bokf Earnings Fall 5%, but Beat Projections
The parent of Bank of Oklahoma, Bank of Texas, Bank of Arkansas and several other regional lenders and financial operations posted a third-quarter profit of $56.7 million, or 84 cents per diluted share, down from $59.8 million, or 89 cents, a year ago.
The latest results included a 7-cent gain per d...See the full content of this document
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