BOK Financial Corporation is a top 30 regional bank operating in 8 states across the Midwest and Southwest. It has a diverse set of business lines including commercial and energy lending, wealth management, and fiduciary services that contribute to stable revenue. The presentation discusses BOK Financial's consistent strategy, strong capital position, and focus on long-term performance through various economic cycles.
The Digital Reserve Network ("DRN") is an open-source financial services suite designed to enable peer-to-peer payments, sustainable lending, and collateral free borrowing. The DRN will leverage a native cryptocurrency – Denarii. The Digital Reserve aims to create a public benefit by engaging in research and implementation of best practices for financial literacy the design and promotion of software or hardware solutions to increase financial accessibility and the flow of capital to disadvantaged or distressed communities.
JPMORGAN CHASE REPORTS THIRD-QUARTER 2013 NET LOSS OF $0.4 BILLION, OR $(0.17) PER SHARE, ON REVENUE1 OF $23.9 BILLION
THIRD-QUARTER 2013 NET INCOME OF $5.8 BILLION, OR $1.42 PER SHARE, EXCLUDING LITIGATION EXPENSE AND RESERVE RELEASES1
JPMorgan Chase reported second quarter 2013 net income of $6.5 billion, down from $5 billion in the second quarter of 2012. Revenue was $26 billion, up from $22.9 billion the prior year. Return on tangible common equity was 17%, up from 15% in 2012. Consumer & Community Banking saw deposit growth of 10% and record credit card sales volume of $105.2 billion, though net income fell to $3.1 billion due to lower revenue and higher expenses. Mortgage originations increased 12% to $49 billion while net income fell to $1.1 billion on lower revenue.
The document is an investor deck for XAU XAUMF (presumably a precious metals company) that contains the following information:
1. It discusses forward-looking statements and includes cautionary language about uncertainties in projections.
2. It outlines the company's founding mission to build a safe financial service focused on precious metals and establish global client relationships through accessible precious metals-backed savings.
3. It provides an overview of the company's subsidiaries and investments that help demonstrate the commercial viability of a "Goldmoney Economy" and broaden access to physical gold.
JPMorgan Chase First Quarter 2008 Financial Results Conference Call finance2
JPMorgan Chase reported net income of $2.4 billion for the first quarter of 2008, down 49% from $4.8 billion in the first quarter of 2007. Earnings per share were $0.68, down from $1.34 the previous year. The Investment Bank saw declines in revenue and increases in credit losses. Retail Financial Services increased revenue but also significantly increased its provision for credit losses due to deterioration in home equity and subprime portfolios. JPMorgan Chase maintained a strong capital position despite challenges in the market and credit environment.
This document discusses opportunities for U.S. banks to improve transparency and consistency in their financial disclosures. While bank disclosures have increased in volume, many parts remain opaque including risks around litigation, equity components, interest rates, liquidity, repos, hedging and fair values. The document provides suggestions for better disclosing legal risks, accumulated other comprehensive income, interest rate sensitivity, and other areas. Improving disclosures could allow greater understanding of financial risks and comparisons across banks.
- JPMorgan Chase reported net income of $6.5 billion for 2Q13, with EPS of $1.60. Revenue was $26.0 billion.
- Key business segments like Consumer & Business Banking and Mortgage Banking remained strong, while the company continued to strengthen its balance sheet.
- The company saw improvements in its Basel III Tier 1 common capital ratio to 9.3% and maintained solid returns on equity and assets.
This document discusses regulatory provision and loan classification standards as well as accounting provision vs regulatory reserve. It provides details on the different loan classification categories (pass, special mention, substandard, doubtful, loss) and the typical overdue periods and provisioning requirements for each. It also explains accounting provision under IAS 39, which requires evidence of loan impairment, and regulatory reserves, which take a more forward-looking approach. Basel II standards introduced the concepts of probability of default, loss given default, and exposure at default to calculate expected and unexpected losses. Banks must provision for expected losses and hold capital reserves to cover unexpected losses.
The Digital Reserve Network ("DRN") is an open-source financial services suite designed to enable peer-to-peer payments, sustainable lending, and collateral free borrowing. The DRN will leverage a native cryptocurrency – Denarii. The Digital Reserve aims to create a public benefit by engaging in research and implementation of best practices for financial literacy the design and promotion of software or hardware solutions to increase financial accessibility and the flow of capital to disadvantaged or distressed communities.
JPMORGAN CHASE REPORTS THIRD-QUARTER 2013 NET LOSS OF $0.4 BILLION, OR $(0.17) PER SHARE, ON REVENUE1 OF $23.9 BILLION
THIRD-QUARTER 2013 NET INCOME OF $5.8 BILLION, OR $1.42 PER SHARE, EXCLUDING LITIGATION EXPENSE AND RESERVE RELEASES1
JPMorgan Chase reported second quarter 2013 net income of $6.5 billion, down from $5 billion in the second quarter of 2012. Revenue was $26 billion, up from $22.9 billion the prior year. Return on tangible common equity was 17%, up from 15% in 2012. Consumer & Community Banking saw deposit growth of 10% and record credit card sales volume of $105.2 billion, though net income fell to $3.1 billion due to lower revenue and higher expenses. Mortgage originations increased 12% to $49 billion while net income fell to $1.1 billion on lower revenue.
The document is an investor deck for XAU XAUMF (presumably a precious metals company) that contains the following information:
1. It discusses forward-looking statements and includes cautionary language about uncertainties in projections.
2. It outlines the company's founding mission to build a safe financial service focused on precious metals and establish global client relationships through accessible precious metals-backed savings.
3. It provides an overview of the company's subsidiaries and investments that help demonstrate the commercial viability of a "Goldmoney Economy" and broaden access to physical gold.
JPMorgan Chase First Quarter 2008 Financial Results Conference Call finance2
JPMorgan Chase reported net income of $2.4 billion for the first quarter of 2008, down 49% from $4.8 billion in the first quarter of 2007. Earnings per share were $0.68, down from $1.34 the previous year. The Investment Bank saw declines in revenue and increases in credit losses. Retail Financial Services increased revenue but also significantly increased its provision for credit losses due to deterioration in home equity and subprime portfolios. JPMorgan Chase maintained a strong capital position despite challenges in the market and credit environment.
This document discusses opportunities for U.S. banks to improve transparency and consistency in their financial disclosures. While bank disclosures have increased in volume, many parts remain opaque including risks around litigation, equity components, interest rates, liquidity, repos, hedging and fair values. The document provides suggestions for better disclosing legal risks, accumulated other comprehensive income, interest rate sensitivity, and other areas. Improving disclosures could allow greater understanding of financial risks and comparisons across banks.
- JPMorgan Chase reported net income of $6.5 billion for 2Q13, with EPS of $1.60. Revenue was $26.0 billion.
- Key business segments like Consumer & Business Banking and Mortgage Banking remained strong, while the company continued to strengthen its balance sheet.
- The company saw improvements in its Basel III Tier 1 common capital ratio to 9.3% and maintained solid returns on equity and assets.
This document discusses regulatory provision and loan classification standards as well as accounting provision vs regulatory reserve. It provides details on the different loan classification categories (pass, special mention, substandard, doubtful, loss) and the typical overdue periods and provisioning requirements for each. It also explains accounting provision under IAS 39, which requires evidence of loan impairment, and regulatory reserves, which take a more forward-looking approach. Basel II standards introduced the concepts of probability of default, loss given default, and exposure at default to calculate expected and unexpected losses. Banks must provision for expected losses and hold capital reserves to cover unexpected losses.
Genworth MI Canada Investor Presentation September 2014genworth_financial
This document provides an overview and summary of Genworth MI Canada Inc. It begins with forward-looking statements and an explanation of non-IFRS financial measures used. The summary then covers Genworth's business overview, solid financial performance in the first half of 2014, strategic priorities of prudently growing market position while managing risk, and key takeaways about Genworth's leading position and track record of profitability in the Canadian mortgage insurance market.
This document provides a summary of Pine Bank's 2nd quarter 2011 earnings conference call. Key highlights included a 7.9% increase in corporate credit portfolio, 14.7% increase in net income, and improvement in other key performance indicators. The credit portfolio grew in a diversified manner across sectors and products while maintaining quality. Funding also grew with quality and diversity. Analyst coverage of Pine Bank remains positive with an average target price above the current stock price. Pine Bank reiterated its guidance for 2011 with 20-25% growth in corporate credit portfolio and a 17-20% return on equity.
This document outlines a presentation on credit assessments in mainland China. It discusses credit rating agencies and bureaus, financial ratio analysis using Altman's Z-score models, and other techniques used to evaluate borrowers' creditworthiness. The presentation covers major rating agencies and scales, credit bureau data sources, and financial distress prediction models customized for Chinese companies.
JPMorgan Chase reported third quarter 2011 net income of $4.3 billion, down slightly from $4.4 billion in third quarter 2010. Revenue decreased due to challenging market conditions impacting the Investment Bank. The firm maintained its #1 ranking for Global Investment Banking Fees year-to-date. Consumer & Business Banking reported higher revenues and deposits compared to a year ago. Credit quality improved with lower credit card and wholesale credit losses, while mortgage losses remained elevated. The firm repurchased $4.4 billion in stock and estimated its Basel III Tier 1 ratio was 7.7% at the end of the third quarter.
- The company reported first quarter 2019 earnings and provided an investor presentation on strategic initiatives.
- Key initiatives included de-emphasizing low margin loan products like brokered loans, normalizing the investment portfolio by reducing CLO and CMBS holdings, and continued expense management through cost savings initiatives.
- Credit quality was stable with nonperforming loans at 0.38% of total loans and allowance for loan losses at 0.85% of total loans. The company continued progressing towards a traditional community banking model focused on core commercial lending.
Bladex's presentation outlines its positioning for growth opportunities in a post-Covid environment. Key points include:
1) Bladex has a differentiated balance sheet structure and the Latin American region is showing recovery, uniquely positioning Bladex to leverage new business opportunities.
2) Global and Latin American economic indicators show an optimistic outlook for 2021, with commodity prices and trade expected to support regional growth.
3) Bladex has enhanced its product offerings to address specific client needs through longer tenors, guarantee structures, and supply chain financing partnerships.
4) Internally, Bladex has undertaken strategic planning coordination to effectively align the bank for future opportunities in trade finance and corporate banking.
This document provides a summary of Genworth MI Canada Inc.'s presentation at the BMO Fixed Income Conference on June 13, 2013. It discusses Genworth's solid Q1 2013 financial results, including premiums written, loss ratios, and profitability metrics. It also outlines Genworth's risk management framework and focus on macroeconomic factors, underwriting discipline, and portfolio risk management. Additionally, it presents expectations for ongoing stability and a soft landing in the Canadian housing market supported by moderating unemployment.
- Banc of California reported higher 4Q19 net interest margin of 3.04%, an 18 basis point increase driven by lower cost of funds and stable earning asset yields.
- Noninterest expenses declined 5% from a year ago to $47.2 million due to continued expense management.
- Asset quality remained stable with nonperforming loans at 0.73% of total loans and allowance for loan losses coverage at 133% of nonperforming loans.
Cpi card group q1 2017 earnings presentationcpi2016ir
The document is the transcript from CPI Card Group's first quarter 2017 earnings conference call. It includes a discussion of the company's financial results for Q1 2017 which showed a year-over-year decrease in total net sales and net income. Management provides commentary on market conditions, strategic focus, innovation highlights and reaffirms full year 2017 guidance ranges. The call also includes segments results and discussions of cash flow, free cash flow, and non-GAAP financial measures.
This document provides an overview of CPI Card Group, including:
1) CPI Card Group is a leading provider of payment card solutions in the US markets for large issuers, small/mid-sized issuers, and prepaid debit cards.
2) The company serves over 4,000 customers with a focus on end-to-end payment solutions including EMV cards, instant card issuance systems, personalization services, and prepaid cards.
3) CPI Card Group expects continued growth in the US payment card market driven by the ongoing transition to EMV cards and growth in prepaid debit cards. The company is also innovating new product offerings like metal cards.
Bladex reported higher profits in 3Q21, up 12% quarter-over-quarter and 2% year-over-year, driven by growth in its credit portfolio and net interest income. The credit portfolio grew 7% quarter-over-quarter and 31% year-over-year due to strong loan origination. Fee income also increased from the reactivation of transaction-based business. Asset quality remained strong with negligible non-performing loans and low credit provisions.
This document provides an annual asset allocation review and recommendations. It summarizes the poor performance of global equity markets in 2008 and widening of credit spreads. Due to low cash yields, the recommended allocations for the "Income & Growth" and "Growth" profiles were changed to shift assets from cash to bonds. Global diversification is still recommended to enhance long-term risk-adjusted returns. The outlook is that credit spreads may narrow in 2009 as monetary and fiscal stimulus takes effect, which would be positive for equity markets.
Banc 2016 Third Quarter Earnings - Investor PresentationBancofCalifornia
- The document provides an investor presentation for Banc of California's third quarter 2016 earnings. It discusses strong financial results for Q3 2016 including record deposit and loan production growth. It also outlines steps taken in Q3 to reduce risk and improve asset quality through loan sales and portfolio pruning. Key metrics like nonperforming assets, delinquencies and capital ratios all improved. The presentation expresses confidence that Banc of California is executing on its strategic plan to continue growing profitably.
FICCI IBA Bankers' Survey (July - December 2017)Nitine
The sixth round of the FICCI-IBA survey of bankers found that bank credit growth has been slow while NPAs remain high, especially in infrastructure, metals and engineering. Most banks reported increasing digital transactions over the last year. While recapitalization of public sector banks was welcomed, some felt more capital may be needed. The survey also made recommendations to facilitate credit growth and ease of doing business related to credit.
This document analyzes JP Morgan Chase & Co. and provides a valuation using different models. Key points:
- JP Morgan is one of the largest and most established financial institutions globally, operating in consumer banking, corporate/investment banking, commercial banking, and asset management.
- Valuation models including a DCF model, dividend discount model, and relative P/TBV multiple yield target prices ranging from $67.53 to $72.15 per share, indicating the stock is undervalued at its current price of $53.07.
- The DCF model uses conservative assumptions around interest margins, loan growth, expenses, and return on tangible equity to derive a fair value estimate of $71.79
Higher quarterly profits (up 28% QoQ and 27% YoY) on strong loan origination and Credit Portfolio growth coupled with higher lending spreads and increased fee income. Stable quarterly dividends were declared while operating expenses remained stable QoQ. Asset quality remained strong with close to zero non-performing loans, while provisions were mostly associated with credit growth.
Ladder Capital - Investor PresentationDavid Merkur
Ladder Capital is a leading commercial real estate investment trust with $5.6 billion in assets and $1.5 billion in book equity. It has a core competency in commercial real estate credit underwriting and offers three complementary products - commercial real estate loans, equity, and securities. Ladder has a national direct origination platform and a diversified and granular asset base focused on the middle market. It is an internally-managed CRE finance REIT with high insider ownership and a cycle-tested management team.
Signature Bank Results Presentation Deck Apr 2022.pdfBryann Alexandros
Signature Bank was a bank that did business in New York City and other states. It had $110.4 billion in assets and $82.6 billion in deposits by the end of 2022. It used to have offices only in New York City. In the late 2010s, it started to grow and offer more services, but it was most known for its 2018 decision to work with the cryptocurrency industry. By 2021, cryptocurrency businesses had 30 percent of its deposits. Banking officials in New York shut down the bank on March 12, 2023, two days after Silicon Valley Bank (SVB) went broke. After SVB went broke and because Silvergate Bank, another cryptocurrency-friendly bank, went broke earlier in the week, scared customers took out more than $10 billion in deposits. It was the third-biggest bank failure in U.S. history. On March 19, a week after the bank shut down, the FDIC sold the new bank, most of its deposits, and its 40 offices to New York Community Bancorp to be part of its Flagstar Bank part. Some $4 billion in digital money banking deposits and $60 billion in loans were not part of the deal.
This document provides an investor presentation for Banc of California. It discusses forward-looking statements and risk factors that could affect Banc of California's financial performance. It highlights Banc of California's focus on California lending and communities. The presentation outlines Banc of California's financial results including loan growth, deposit growth, capital ratios, and asset quality. It provides guidance for continued earnings growth and discusses why Banc of California believes in investing in California.
This document contains an investor presentation for Banc of California. It discusses Banc of California's strong financial performance in recent years, with total assets growing from $6.5 billion in 2012 to $179.2 billion in the second quarter of 2016. It also outlines Banc of California's strategy of focusing on lending to California businesses and entrepreneurs. The presentation emphasizes that Banc of California believes in and is committed to the California market due to its large population, strong economic growth, and status as a global economic powerhouse. It provides guidance for continued strong earnings growth and asset growth going forward.
- The bank reported strong financial performance in 3Q22, with net income increasing 17% quarter-over-quarter and 71% year-over-year, driven by record net interest income, higher fee income, and strict cost control.
- Return on equity expanded to 10.3% in 3Q22, up from 9.1% in 2Q22, due to higher profitability and more efficient capital allocation.
- The bank maintained a robust credit portfolio of $8.9 billion and healthy asset quality, with non-performing loans remaining low at 0.1% of total loans.
- The bank reported strong financial performance in 3Q22, with net income increasing 17% quarter-over-quarter and 71% year-over-year, driven by record net interest income, higher fee income, and cost control.
- Return on equity expanded to 10.3% in 3Q22, up from 9.1% in 2Q22, helped by increased profitability and efficient capital allocation.
- Net interest margin increased 23 basis points sequentially to 1.77%, reflecting higher average net lending spreads and volumes, while the commercial loan portfolio reached a record level.
Genworth MI Canada Investor Presentation September 2014genworth_financial
This document provides an overview and summary of Genworth MI Canada Inc. It begins with forward-looking statements and an explanation of non-IFRS financial measures used. The summary then covers Genworth's business overview, solid financial performance in the first half of 2014, strategic priorities of prudently growing market position while managing risk, and key takeaways about Genworth's leading position and track record of profitability in the Canadian mortgage insurance market.
This document provides a summary of Pine Bank's 2nd quarter 2011 earnings conference call. Key highlights included a 7.9% increase in corporate credit portfolio, 14.7% increase in net income, and improvement in other key performance indicators. The credit portfolio grew in a diversified manner across sectors and products while maintaining quality. Funding also grew with quality and diversity. Analyst coverage of Pine Bank remains positive with an average target price above the current stock price. Pine Bank reiterated its guidance for 2011 with 20-25% growth in corporate credit portfolio and a 17-20% return on equity.
This document outlines a presentation on credit assessments in mainland China. It discusses credit rating agencies and bureaus, financial ratio analysis using Altman's Z-score models, and other techniques used to evaluate borrowers' creditworthiness. The presentation covers major rating agencies and scales, credit bureau data sources, and financial distress prediction models customized for Chinese companies.
JPMorgan Chase reported third quarter 2011 net income of $4.3 billion, down slightly from $4.4 billion in third quarter 2010. Revenue decreased due to challenging market conditions impacting the Investment Bank. The firm maintained its #1 ranking for Global Investment Banking Fees year-to-date. Consumer & Business Banking reported higher revenues and deposits compared to a year ago. Credit quality improved with lower credit card and wholesale credit losses, while mortgage losses remained elevated. The firm repurchased $4.4 billion in stock and estimated its Basel III Tier 1 ratio was 7.7% at the end of the third quarter.
- The company reported first quarter 2019 earnings and provided an investor presentation on strategic initiatives.
- Key initiatives included de-emphasizing low margin loan products like brokered loans, normalizing the investment portfolio by reducing CLO and CMBS holdings, and continued expense management through cost savings initiatives.
- Credit quality was stable with nonperforming loans at 0.38% of total loans and allowance for loan losses at 0.85% of total loans. The company continued progressing towards a traditional community banking model focused on core commercial lending.
Bladex's presentation outlines its positioning for growth opportunities in a post-Covid environment. Key points include:
1) Bladex has a differentiated balance sheet structure and the Latin American region is showing recovery, uniquely positioning Bladex to leverage new business opportunities.
2) Global and Latin American economic indicators show an optimistic outlook for 2021, with commodity prices and trade expected to support regional growth.
3) Bladex has enhanced its product offerings to address specific client needs through longer tenors, guarantee structures, and supply chain financing partnerships.
4) Internally, Bladex has undertaken strategic planning coordination to effectively align the bank for future opportunities in trade finance and corporate banking.
This document provides a summary of Genworth MI Canada Inc.'s presentation at the BMO Fixed Income Conference on June 13, 2013. It discusses Genworth's solid Q1 2013 financial results, including premiums written, loss ratios, and profitability metrics. It also outlines Genworth's risk management framework and focus on macroeconomic factors, underwriting discipline, and portfolio risk management. Additionally, it presents expectations for ongoing stability and a soft landing in the Canadian housing market supported by moderating unemployment.
- Banc of California reported higher 4Q19 net interest margin of 3.04%, an 18 basis point increase driven by lower cost of funds and stable earning asset yields.
- Noninterest expenses declined 5% from a year ago to $47.2 million due to continued expense management.
- Asset quality remained stable with nonperforming loans at 0.73% of total loans and allowance for loan losses coverage at 133% of nonperforming loans.
Cpi card group q1 2017 earnings presentationcpi2016ir
The document is the transcript from CPI Card Group's first quarter 2017 earnings conference call. It includes a discussion of the company's financial results for Q1 2017 which showed a year-over-year decrease in total net sales and net income. Management provides commentary on market conditions, strategic focus, innovation highlights and reaffirms full year 2017 guidance ranges. The call also includes segments results and discussions of cash flow, free cash flow, and non-GAAP financial measures.
This document provides an overview of CPI Card Group, including:
1) CPI Card Group is a leading provider of payment card solutions in the US markets for large issuers, small/mid-sized issuers, and prepaid debit cards.
2) The company serves over 4,000 customers with a focus on end-to-end payment solutions including EMV cards, instant card issuance systems, personalization services, and prepaid cards.
3) CPI Card Group expects continued growth in the US payment card market driven by the ongoing transition to EMV cards and growth in prepaid debit cards. The company is also innovating new product offerings like metal cards.
Bladex reported higher profits in 3Q21, up 12% quarter-over-quarter and 2% year-over-year, driven by growth in its credit portfolio and net interest income. The credit portfolio grew 7% quarter-over-quarter and 31% year-over-year due to strong loan origination. Fee income also increased from the reactivation of transaction-based business. Asset quality remained strong with negligible non-performing loans and low credit provisions.
This document provides an annual asset allocation review and recommendations. It summarizes the poor performance of global equity markets in 2008 and widening of credit spreads. Due to low cash yields, the recommended allocations for the "Income & Growth" and "Growth" profiles were changed to shift assets from cash to bonds. Global diversification is still recommended to enhance long-term risk-adjusted returns. The outlook is that credit spreads may narrow in 2009 as monetary and fiscal stimulus takes effect, which would be positive for equity markets.
Banc 2016 Third Quarter Earnings - Investor PresentationBancofCalifornia
- The document provides an investor presentation for Banc of California's third quarter 2016 earnings. It discusses strong financial results for Q3 2016 including record deposit and loan production growth. It also outlines steps taken in Q3 to reduce risk and improve asset quality through loan sales and portfolio pruning. Key metrics like nonperforming assets, delinquencies and capital ratios all improved. The presentation expresses confidence that Banc of California is executing on its strategic plan to continue growing profitably.
FICCI IBA Bankers' Survey (July - December 2017)Nitine
The sixth round of the FICCI-IBA survey of bankers found that bank credit growth has been slow while NPAs remain high, especially in infrastructure, metals and engineering. Most banks reported increasing digital transactions over the last year. While recapitalization of public sector banks was welcomed, some felt more capital may be needed. The survey also made recommendations to facilitate credit growth and ease of doing business related to credit.
This document analyzes JP Morgan Chase & Co. and provides a valuation using different models. Key points:
- JP Morgan is one of the largest and most established financial institutions globally, operating in consumer banking, corporate/investment banking, commercial banking, and asset management.
- Valuation models including a DCF model, dividend discount model, and relative P/TBV multiple yield target prices ranging from $67.53 to $72.15 per share, indicating the stock is undervalued at its current price of $53.07.
- The DCF model uses conservative assumptions around interest margins, loan growth, expenses, and return on tangible equity to derive a fair value estimate of $71.79
Higher quarterly profits (up 28% QoQ and 27% YoY) on strong loan origination and Credit Portfolio growth coupled with higher lending spreads and increased fee income. Stable quarterly dividends were declared while operating expenses remained stable QoQ. Asset quality remained strong with close to zero non-performing loans, while provisions were mostly associated with credit growth.
Ladder Capital - Investor PresentationDavid Merkur
Ladder Capital is a leading commercial real estate investment trust with $5.6 billion in assets and $1.5 billion in book equity. It has a core competency in commercial real estate credit underwriting and offers three complementary products - commercial real estate loans, equity, and securities. Ladder has a national direct origination platform and a diversified and granular asset base focused on the middle market. It is an internally-managed CRE finance REIT with high insider ownership and a cycle-tested management team.
Signature Bank Results Presentation Deck Apr 2022.pdfBryann Alexandros
Signature Bank was a bank that did business in New York City and other states. It had $110.4 billion in assets and $82.6 billion in deposits by the end of 2022. It used to have offices only in New York City. In the late 2010s, it started to grow and offer more services, but it was most known for its 2018 decision to work with the cryptocurrency industry. By 2021, cryptocurrency businesses had 30 percent of its deposits. Banking officials in New York shut down the bank on March 12, 2023, two days after Silicon Valley Bank (SVB) went broke. After SVB went broke and because Silvergate Bank, another cryptocurrency-friendly bank, went broke earlier in the week, scared customers took out more than $10 billion in deposits. It was the third-biggest bank failure in U.S. history. On March 19, a week after the bank shut down, the FDIC sold the new bank, most of its deposits, and its 40 offices to New York Community Bancorp to be part of its Flagstar Bank part. Some $4 billion in digital money banking deposits and $60 billion in loans were not part of the deal.
This document provides an investor presentation for Banc of California. It discusses forward-looking statements and risk factors that could affect Banc of California's financial performance. It highlights Banc of California's focus on California lending and communities. The presentation outlines Banc of California's financial results including loan growth, deposit growth, capital ratios, and asset quality. It provides guidance for continued earnings growth and discusses why Banc of California believes in investing in California.
This document contains an investor presentation for Banc of California. It discusses Banc of California's strong financial performance in recent years, with total assets growing from $6.5 billion in 2012 to $179.2 billion in the second quarter of 2016. It also outlines Banc of California's strategy of focusing on lending to California businesses and entrepreneurs. The presentation emphasizes that Banc of California believes in and is committed to the California market due to its large population, strong economic growth, and status as a global economic powerhouse. It provides guidance for continued strong earnings growth and asset growth going forward.
- The bank reported strong financial performance in 3Q22, with net income increasing 17% quarter-over-quarter and 71% year-over-year, driven by record net interest income, higher fee income, and strict cost control.
- Return on equity expanded to 10.3% in 3Q22, up from 9.1% in 2Q22, due to higher profitability and more efficient capital allocation.
- The bank maintained a robust credit portfolio of $8.9 billion and healthy asset quality, with non-performing loans remaining low at 0.1% of total loans.
- The bank reported strong financial performance in 3Q22, with net income increasing 17% quarter-over-quarter and 71% year-over-year, driven by record net interest income, higher fee income, and cost control.
- Return on equity expanded to 10.3% in 3Q22, up from 9.1% in 2Q22, helped by increased profitability and efficient capital allocation.
- Net interest margin increased 23 basis points sequentially to 1.77%, reflecting higher average net lending spreads and volumes, while the commercial loan portfolio reached a record level.
Medical Facilities Corporation - 2020 Annual Shareholder Meeting PresentationSharePitch
Slides for the management presentation delivered during Medical Facilities Corporation's 2020 annual general meeting of shareholders. Medical Facilities Corporation (“MFC”), in partnership with physicians, owns surgical facilities in the United States.
- The document provides an investor overview of Brink's (NYSE: BCO) as of September 2016, including forward-looking statements and risks.
- Brink's has a global footprint and is a leader in secure logistics and cash management services. The company sees opportunities to accelerate growth organically and through acquisitions while improving margins.
- Brink's expects continued improvement in 2016, targeting 5% revenue growth, an operating profit margin of 6.4-6.9%, adjusted EBITDA of $305-330 million, and EPS of $1.95-2.10.
This document provides QTS Realty Trust's third quarter 2020 earnings presentation. Some key highlights include:
- Revenue increased to $137.5 million in Q3 2020, up from $125.3 million in Q3 2019. Adjusted EBITDA increased to $76 million from $63 million.
- They signed new and modified leases totaling $26 million in incremental annualized rent.
- QTS completed a $500 million senior unsecured notes offering and a $250 million term loan to improve its credit profile and liquidity.
- Full year 2020 guidance was updated, including adjusted EBITDA between $305-$315 million and capital expenditures of $700-$800 million.
TCF Financial Corporation and Chemical Financial Corporation announced a merger of equals to create a premier Midwest bank called the New TCF. The new bank will have $46 billion in total assets, $6.1 billion market capitalization, and serve 1.5 million retail customers across its Midwest footprint. Management believes the merger combines the strengths of both banks and will accelerate value creation through $180 million in cost savings, a full-scale product offering, continued organic growth, and maintaining a strong risk culture. The new bank aims to drive improved returns through executing on its integration and growth strategies.
The document reports on a company's 1Q23 earnings results. Key highlights include:
- Net income increased 19% quarter-over-quarter and 232% year-over-year to $37M, driven by higher profits and ROE expansion from increased margins.
- NII grew 6% QoQ and 105% YoY to $52.6M, reflecting higher average net lending spreads and an asset sensitive interest rate gap position.
- Efficiency ratio improved to 26.9%, down 400 bps QoQ due to strong fee income and cost control while investing in transformation.
- Asset quality remained healthy with NPLs at 0.45% and total allowance for
Intact Financial Corporation is Canada's largest home, auto and business insurer with over $4 billion in annual direct premiums written. It has a dominant market share in Ontario, Quebec, Alberta and Nova Scotia. Intact has consistently outperformed the Canadian P&C insurance industry in terms of premium growth, combined ratios and returns on equity over the past 10 years. The company has a strong financial position with $8.2 billion in invested assets and excess capital of $766 million. Intact plans to continue growing organically through rate increases and expanding its broker relationships, direct and affinity brands. It also aims to participate in industry consolidation through its $1 billion acquisition capacity.
Intact Financial Corporation is Canada's largest home, auto and business insurer with over $4 billion in annual direct premiums written. It has a dominant market share in Ontario, Quebec, Alberta and Nova Scotia. Intact has consistently outperformed the Canadian P&C insurance industry in terms of premium growth, combined ratios and returns on equity over the past 10 years. The company has a strong financial position with $8.2 billion in invested assets and excess capital of $766 million. Intact plans to continue growing organically through rate increases and expanding its broker relationships, direct and affinity brands. It also aims to participate in industry consolidation through its $1 billion acquisition capacity.
- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) held a 1Q22 earnings presentation on May 4, 2022.
- Bladex's credit portfolio reached a record high of $8.4 billion in 1Q22, driven by strong demand and higher commodity prices. However, net profits decreased 13% year-over-year and 45% quarter-over-quarter due to increased credit loss provisions associated with portfolio growth.
- Net interest income increased 36% year-over-year and 4% quarter-over-quarter due to higher loan volumes and net interest rates, though this growth was offset by higher provision expenses.
TCF Financial Corporation held an investor presentation on February 11, 2020 to discuss the merger with Chemical Financial Corporation. The presentation highlighted that the combined company will be a premier Midwest bank with $47 billion in total assets and $34 billion in loans and deposits each. It was noted that the merger of equals will create scale and product offerings to better compete in key Midwest markets. The new company will have a commercial loan focus of 67% and consumer loans of 33%. The presentation also introduced the new purpose and beliefs of the combined organization to unite the cultures as One TCF and outlined the experienced management team and their ability to recruit top talent for the larger regional bank.
Banco Latinoamericano de Comercio Exterior (Bladex) held an earnings presentation for 1Q21. Key highlights included:
- Commercial portfolio growth of 3% sequentially continued the trend that started in 3Q20, with higher commodity prices and trade volumes enhancing loan growth.
- Net interest income declined from lower interest rates and average loan volumes still below prior year levels, partly offset by higher average lending balances.
- Asset quality remained sound with no significant impact to credit loss allowances and the non-performing loan ratio stable at 0.2%.
The presentation summarizes the bank's 1Q20 earnings results. It highlights the bank's strong financial position with ample liquidity, stable funding sources, and robust capitalization. Net interest income declined due to lower market rates but was partly offset by lower funding costs. Credit provisions were negligible while operating expenses remained stable. The commercial portfolio decreased on stricter underwriting amid COVID-19 but consists of high quality clients. Asset quality remained unchanged with adequate reserves to cover potential impacts.
QTS Realty Trust held a second quarter 2020 earnings presentation. Some key points:
- They signed $21M in new and modified leases, with an average rent per square foot of $548, a 24% increase over the prior four quarters.
- Their booked-not-billed backlog reached a record $111M, providing visibility into future growth.
- Same space renewal rates increased 2.6% in Q2, in line with expectations of low to mid-single digit increases.
- Churn for Q2 was 0.5% and 1.1% year-to-date, leading them to lower full-year churn guidance to 3-5% from 3-6
Genworth MI Canada Inc. provides mortgage default insurance primarily in Canada. In Q1 2016, the company saw a decline in new insurance written and net premiums written compared to the previous year, constrained by targeted underwriting changes and a smaller transactional insurance market. The loss ratio in Q1 2016 was 24%, within the company's expected range. Genworth maintains a strong capital position with a minimum capital test ratio of 234% as of Q1 2016.
- Brink's is the world's largest cash management company, operating in 117 countries with $3.2 billion in revenue.
- The presentation outlines Brink's 3-year strategic plan to accelerate profitable growth through organic initiatives and acquisitions.
- Brink's achieved strong results in 2017, with revenue growth of 10% and adjusted EBITDA growth of 24%, and expects continued growth in 2018 and 2019.
The document provides an update on Welltower's financial position and strategy in response to COVID-19. It summarizes steps taken to strengthen the balance sheet, including reducing the dividend, settling forward equity sales, and establishing a new term loan facility. It outlines sources of near-term liquidity totaling $4 billion compared to $588 million in expected uses. The document also discusses ongoing portfolio optimization efforts, debt maturity profile, ESG initiatives, and commitment to strong governance.
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2. 2
Forward-Looking Statements: This presentation contains forward-looking statements that are based on
management's beliefs, assumptions, current expectations, estimates and projections about BOK Financial
Corporation, the financial services industry, the economy generally and the expected or potential impact of the novel
coronavirus (COVID-19) pandemic, and the related responses of the government, consumers, and others, on our
business, financial condition and results of operations. Words such as “anticipates,” “believes,” “estimates,”
“expects,” “forecasts,” “plans,” “projects,” “will,” “intends,” variations of such words and similar expressions are
intended to identify such forward-looking statements. Management judgments relating to and discussion of the
provision and allowance for credit losses, allowance for uncertain tax positions, accruals for loss contingencies and
valuation of mortgage servicing rights involve judgments as to expected events and are inherently forward-looking
statements. Assessments that acquisitions and growth endeavors will be profitable are necessary statements of
belief as to the outcome of future events based in part on information provided by others which BOK Financial has
not independently verified. These various forward-looking statements are not guarantees of future performance and
involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent,
likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what is
expected, implied or forecasted in such forward-looking statements. Internal and external factors that might cause
such a difference include, but are not limited to changes in government, consumer or business responses to, and
ability to treat or prevent further outbreak of, the COVID-19 pandemic, changes in commodity prices, interest rates
and interest rate relationships, inflation, demand for products and services, the degree of competition by traditional
and nontraditional competitors, changes in banking regulations, tax laws, prices, levies and assessments, the impact
of technological advances, and trends in customer behavior as well as their ability to repay loans.
For a discussion of risk factors that may cause actual results to differ from expectations, please refer to BOK
Financial Corporation’s most recent annual and quarterly reports. BOK Financial Corporation and its affiliates
undertake no obligation to update, amend, or clarify forward-looking statements, whether as a result of new
information, future events, or otherwise.
Non-GAAP Financial Measures: This presentation may refer to non-GAAP financial measures. Additional
information on these financial measures is available in BOK Financial’s 10-Q and 10-K filings with the Securities and
Exchange Commission which can be accessed at www.BOKF.com.
All data is presented as of September 30, 2020 unless otherwise noted.
Legal Disclaimers
3. 3
• Top 30 national/regional
bank*
• Midwest/Southwest franchise
with 118 full service
locations across eight states
• Seasoned management
team
• Proven ability to deliver
organic growth
• Consistent execution
• Consistent strategy
• Long-term focused
September 30, 2020
Assets $46 billion
Loans $24 billion
Deposits $35 billion
Fiduciary Assets $53 billion
Assets Under Management & Custody $82 billion
* Total assets at 09/30/2020
NASDAQ: BOKF
4. 4
Build a recession-ready bank that will outperform peers across
the economic cycle
“There is no principle more emphasized in our organization than
managing for long-term value rather than short-term results.”
– George Kaiser, Chairman
Core Strategy
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
Earnings Per Share CAGR across 28 year history of BOKF is 9.0%
5. 5
• More than 40% fee income is a differentiator
for BOKF compared to other midsized regional
banks
• Well diversified: no single component of fee
income accounts for 15% of total revenue
• Further diversity within the fee income
categories:
Brokerage and trading
Institutional trading, retail brokerage,
investment banking, and financial risk
management
Transaction card
ATM network and merchant services
Fiduciary and asset management
Mutual funds; corporate, foundation, and
personal trust; 401(k) services; and
professional services including mineral
management
Mortgage banking
Direct mortgage originations, mortgage
servicing
Diverse Revenue Sources
Net Interest
Revenue 55%
Brokerage and
Trading
14%
Transaction
Card 5%
Fiduciary and
Asset
Management
8%
Deposit service
charges 5%
Mortgage
Banking 11%
Other Revenue
2%
Revenue Composition at 09/30/2020
6. 6
Strong Balance Sheet
Metric: 09/30/2020
Period End Loans $23.8 billion
Period End Deposits $35.0 billion
Loan to Deposit Ratio 68.1%
Capital Ratios:
Regulatory minimum for
well-capitalized:
09/30/2020
Common Equity Tier 1 7% 12.07%
Tier 1 Capital Ratio 8.5% 12.07%
Total Capital Ratio 10.5% 14.05%
Leverage Ratio 4% 8.39%
Credit Ratings BOK Financial Corp. BOKF, NA
S&P BBB+ (ON) A- (ON)
Moody’s A3 (ON) A3 (ON)
Fitch Ratings A (ON) A (ON)
Capital Deployment Strategy:
• Primary use is for organic loan growth and balance sheet support of trading activities
• Regular quarterly dividends
• Opportunistic share re-purchases
• Disciplined M&A of targeted firms that add to the quality, scale and scope of client offerings
7. 7
Deposit mix and cost ($bn)
$22.7
$22.1
$25.3
$27.6
$35.0
$0
$6
$12
$18
$24
$30
$36
Dec '16 Dec '17 Dec '18 Dec '19 Sept '20
Demand Interest-bearing transaction Savings Time
Cost 0.44% 0.79% 0.87% 1.09% 0.26%
34%
OK
53%
TX
20%
NM
6%
AR
1%
CO
12%
AZ
5%KS/MO
3%
2%
Geographic deposit mix
Source: Company filings; SNL Financial
58%
6%
MSA Branches Deposit share
Tulsa, OK 22 38%
Dallas-Fort Worth-Arlington, TX 20 1%
Oklahoma City, OK 16 10%
Albuquerque, NM 14 11%
Houston-The Woodlands-Sugar Land, TX 11 1%
Denver-Aurora-Lakewood, CO 14 4%
Kansas City, MO-KS 7 1%
Phoenix-Mesa-Scottsdale, AZ 5 1%
Fayetteville-Springdale-Rogers, AR-MO 2 2%
Other MSAs 7
Total Branches 118
Strong Core
Deposit Franchise
8. 8
Diversified Loan Portfolio
Loan Portfolio Segmentation Loan Portfolio by Collateral Location
OK
17%
TX
31%
NM
4%
CO
13%
AZ
8%KS/MO
5%
Other
22%
Disciplined concentration management
Diversified by sector and geography
Services
15%
Energy
16%
Healthcare
14%
Loans to
Individuals
14%
Commercial
Real Estate
20%
General
Business
12%
PPP
9%
9. 9
Energy Banking
Over 100 year history in energy lending and a
playbook that works
• Focus on first lien, senior secured E&P lending – the
“sweet spot” in energy lending
• Internal staff of 16 petroleum engineers and
engineering techs to confirm property values – a
material investment that is a key to strong credit
performance across the cycle
• Focus on on-shore “lower 48” property sets with no
deep-water offshore exposure
• Minimal exposure to second liens, undeveloped
reserves, or other higher-risk components of the
capital stack
• 50-60% loan to value on proved producing reserves
• Actual forward markets are the value determinant for
borrowing bases
• Extraction and transportation costs are deducted
from collateral values
• Oil volatility is not new. Oil collapsed from
$141/barrel in August 2008 to $34/barrel in February
2009. Oil fell from a peak of $105/barrel in June
2014 to $26/barrel in February 2016.
At 09/30/2020
• $3.7 billion outstanding and $2.3 billion unfunded
commitments
• E&P line utilization 64%
• Allowance for energy losses at 9/30/20 was
approximately $160 million
Portfolio Composition at 09/30/2020
Strong through-the-cycle credit performance
Net
Charge
-Offs
2014 2015 2016 2017 2018 2019
Q3
2020
TTM
E&P 0.00% 0.07% 1.43% 0.23% 0.61% 0.91% 1.48%
Total
Energy -0.15% 0.17% 1.17% 0.18% 0.50% 0.74% 1.41%
77%
19%
4%
Oil & Gas
Producers
Midstream &
Other
Energy Services
and Other
During the five-year period of 2015-2019, our cumulative
energy losses were approximately $89 million
10. 10
Healthcare Banking
• As of September 30, 2020, outstandings totaled $3.3
billion across 31 states
• Healthcare portfolio characteristics:
Favorable LIBOR spreads
Above-average loan utilization rates
Predominately BOK Financial originated
commitments - less than 12% of commitments
from broadly syndicated transactions
Senior Housing commitments real-estate
collateralized and secured
Favorable credit metrics
76%
13%
11%
Senior Housing
Hospital
Service Medical
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
2015 Sept 2020
Loans Outstanding ($mil)
CAGR: 12.7%
Net
Charge-
Offs
2014 2015 2016 2017 2018 2019
Q3
2020
TTM
Senior
Housing 0.00% 0.00% 0.00% 0.00% 0.00% 0.10% 0.00%
Hospital 0.00% 0.00% 0.00% 1.93% 2.05% 2.24% 0.08%
Medical -0.03% -0.12% -0.02% 1.31% -0.32% -0.08% -0.04%
Portfolio Composition at 09/30/2020
Strong through-the-cycle credit performance
11. 11
Commercial Real Estate
• $4.7 billion outstanding and $1.3 billion
unfunded commitments at September 30,
2020
• BOKF allocates 175% of Tier 1 capital plus
reserves to CRE
• Further controls and limitations by product
type and geography. Concentration
guidelines are analyzed and adjusted
quarterly as needed
• Extensive, granular loan underwriting
guideline standards reviewed and adjusted
semi-annually
• Strong relationship between the front line
production/bankers and credit concurrence
officers. Bi-weekly vetting and discussion
of potential opportunities in loan pipeline
• Minimal exposure to residential
construction and land development
(highest risk, most cyclical sector in CRE)
Multifamily
29%
Retail
17%
Office
23%
Industrial
17%
Residential
Cons
3%Other
11%
CRE Portfolio by Product Type
OK
11%
TX
26%
NM
8%
CO
9% AZ
7%
KS/MO
6%
Other
33%
CRE Portfolio by Collateral Location
12. 12
Wealth Management
Four primary lines of business
• Private Wealth
• Brokerage & Trading Services
• Institutional Wealth Management
• Cavanal Hill Investment Management
• Clients include high net worth individuals, corporations, pensions,
foundations, government entities, etc.
Wealth Management by the numbers
• Assets under management or custody: $82 billion
• Fiduciary assets: $53 billion
• Average Loans: $1.8 billion
• Average Deposits: $9.1 billion
• More than $1 trillion in traded securities annually
Awards, recognition and rankings
• 23 out of 23 “Best in Class” awards for Retirement Plans group in
2019
• Seventh largest corporate trustee bank ranked by number of
issues and dollar amount
• Three five-star ratings from Morningstar for Cavanal Hill
• Nine Lipper awards received since 2015 for Cavanal Hill
• Five top-ten rankings for investment banking underwriting
services
• One of the top 25 firms that fulfills the hedging needs of the
mortgage banking industry
0
100
200
300
400
500
600
2015 Sept 2020 TTM
Wealth Management Revenue
Fee Income Net Interest Revenue
0
20
40
60
80
100
2015 Sept 2020
Assets Under Management
and Administration
Fiduciary Assets Assets Held in Safekeeping
CAGR: 9.6%
CAGR: 3.2%
13. 13
Wealth Management cont.
0
50
100
150
200
250
2015 Sept 2020 TTM
Brokerage and Trading Revenue
Brokerage & Trading Services
• Institutional Trading and Sales: Institutional
investment products and services, including
institutional investment guidance, advanced
portfolio strategies, taxable and tax-exempt fixed
income securities and cash management.
• Retail Brokerage: Broad array of personal
investment and insurance products, including
brokerage and managed accounts, as well as
financial planning services.
• Investment Banking: Provides corporate and
public finance services including financial advisory,
underwriting and private placement.
• Financial Risk Management: Customized risk
management solutions, including hedging for
energy producers and end users, interest rate risk
management vehicles, and foreign exchange
services.
• Insurance Brokerage: Risk management and
employee benefits services designed to provide
advice, products and consultation on risk
management and business healthcare coverage.
Products include business insurance, private risk,
employee and executive benefits.
67%
Institutional
Trading
Derivatives
Fees and
Commissions
12%
6%
Brokerage
Fees
5% Insurance
Brokerage
10%
Investment
Banking
Brokerage and Trading Revenue
CAGR: 11.8%
14. 14
Transaction Processing
Debit Processing & ATM Network
• Among the top 10 networks in the US
• Operates nationally with customers based in 26
states and the Virgin Islands; more than 65% of
clients outside Oklahoma
• Clients: Banks / Credit Unions / C-Store Chains
• In 2019, processed 706 million EFT transactions
Merchant Payment Processing
• Process payments for 5,808 merchant and cash
advance locations
• In 2019, processed $2.6 billion in merchant sales
0
100
200
300
400
500
600
700
800
2015 July 2020 YTD
EFT Transaction
Volumes (Mil)
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2015 Sept 2020 YTD
Merchant Volume
($Mil)
15. 15
Mortgage Banking
• Top 50 U.S. mortgage originator
• Two lines of business:
Direct mortgage origination
through BOKF retail network
Mortgage Servicing
• Annual origination volume in
2019 was $3 billion
• Servicing an average of $17.4
billion of mortgages at Sept 30,
2020
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
2016 2017 2018 2019 Sept 2020
TTM
Servicing Rev. Originating and Marketing Rev.
-
5.0
10.0
15.0
20.0
25.0
2016 2017 2018 2019 Sep-20
Servicing Portfolio ($B)
17. 17
Noteworthy items impacting profitability:
• Another strong showing from Wealth Management and Mortgage teams
• No credit loss provision was needed this quarter
• Net interest margin was stable due primarily to an accretion acceleration, with
additional support from highly disciplined deposit pricing and an increase in the
effectiveness of floors in our commercial loan book
• Expense management remains excellent
Third Quarter Summary
($mil, exc. EPS)
Q3
2020
Q2
2020
Q3
2019
Net Income $154.0 $64.7 $142.2
Diluted EPS $2.19 $0.92 $2.00
Net income before taxes $204.6 $80.1 $174.3
Provision for credit losses $— $135.3 $12.0
Pre-provision net revenue* $204.6 $215.0 $185.9
$142.2
$110.4
$62.1 $64.7
$154.0
$2.00
$1.56
$0.88 $0.92
$2.19
3Q19 4Q19 1Q20 2Q20 3Q20
Net Income
Net income attributable to shareholders
Net income per share - diluted
*Non-GAAP measure
18. 18
Loan Portfolio
($mil)
Sep 30,
2020
June 30,
2020
Sep 30,
2019
Seq.
Loan
Growth
YOY Loan
Growth
Energy $3,717.1 $3,974.2 $4,114.3 (6.5)% (9.7)%
Services 3,545.8 3,779.9 4,011.1 (6.2)% (11.6)%
Healthcare 3,325.8 3,289.3 3,033.0 1.1% 9.6%
General business 2,977.0 3,115.1 3,266.3 (4.4)% (8.9)%
Total C&I $13,565.7 $14,158.5 $14,424.6 (4.2)% (6.0)%
Commercial Real Estate 4,693.7 4,554.1 4,626.1 3.1% 1.5%
Paycheck Protection Program 2,097.3 2,081.4 -- 0.8% --
Loans to Individuals 3,446.6 3,361.8 3,234.7 2.5% 6.5%
Total Loans $23,803.3 $24,155.9 $22,285.4 (1.5)% 6.8%
• Healthcare balances increased primarily due to growth in balances from senior housing and care facilities
• Commercial Real Estate increased as paydowns from refinances into the permanent market slowed during
the second quarter
• Ne energy deals remain difficult in current environment, while borrowers continue to pay down debt
19. 19
Net Interest Revenue and Margin
($mil) Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019
Net interest revenue $271.8 $278.1 $261.4 $270.2 $279.1
Net interest margin 2.81% 2.83% 2.80% 2.88% 3.01%
Yield on loans 3.60% 3.63% 4.50% 4.75% 5.12%
Cost of int-bearing deposits 0.26% 0.34% 0.98% 1.09% 1.17%
Cost of wholesale borrowings 0.51% 0.44% 1.57% 1.92% 2.39%
• Net interest income decreased $6.3 million from the previous quarter
• Net interest margin down only two basis points from previous quarter. Supporting
factors include:
◦ An increase in CoBiz discount accretion, which supported the margin by
approximately 11bp this quarter. Expect normalization in Q4.
◦ Interest-bearing deposit costs down 8 basis points for the quarter
◦ Loan floors in our commercial book more effective as average LIBOR declined
19 basis points
• Little additional room to lower the cost of interest-bearing deposits, but LIBOR has
largely normalized, materially reducing near-term pressure on loan yields
20. 20
Fees and Commissions
Revenue ($mil) Growth:
Q3 2020
Quarterly,
Sequential
Quarterly,
Year over Year
Trailing 12
Months
Brokerage and Trading $69.5 12.1% 58.6% 12.8%
Transaction Card 23.5 2.3% 6.6% 1.6%
Fiduciary and Asset Management 39.9 (3.2)% (8.5)% (2.1)%
Deposit Service Charges and Fees 24.3 10.2% (15.8)% (4.4)%
Mortgage Banking 52.0 (3.7)% 72.2% 14.8%
Other Revenue 13.7 19.3% (22.3)% (6.9)%
Total Fees and Commissions $222.9 4.3% 19.7% 4.8%
• Brokerage and Trading continued outperformance due to market volatility and continued
strength in the mortgage sector
• Fiduciary and Asset Management down largely due to a decrease from seasonal tax
preparation fees collected in the second quarter
• Mortgage Banking lower rate environment spurred continued strong refinance and purchase
volumes following a record quarter
• Other Revenue up largely due to comparability with last quarter’s waived overdraft protection
fees and fees for excessive withdrawals, along with other fees for our clients in light of the
pandemic
21. 21
Expenses
($mil) Q3 2020 Q2 2020 Q3 2019
%Incr.
Seq.
%Incr.
YOY
Personnel expense $179.9 $176.2 $162.6 2.1% 10.6%
Other operating expense $121.4 $119.2 $116.7 1.9% 4.0%
Total operating expense $301.3 $295.4 $279.3 2.0% 7.9%
Efficiency Ratio 60.41% 59.57% 59.31%
• Personnel expense up only $3.6 million, even with large increases in incentive-
based compensation
• Non-personnel expense up primarily due to net losses on repossessed assets
• Nearly 3% of personnel base company-wide absorbed since March due simply
to attrition and increased efficiency
• Adds to staff and replacement positions all under CEO approval
22. 22
Key Credit Quality Metrics
• Net charge-offs increased slightly to 37 basis
points, in-line with historical averages
• Last five quarter average net charge-offs at
27 basis points continues to be well below
historic range of 30 to 40 basis points
• Appropriately reserved with an ALLL of
1.76% and combined allowance of 1.88%
including unfunded commitments
• Excluding PPP loans, ALLL was 1.93% and
combined allowance of 2.06% including
unfunded commitments
• Total non-accrual loans down $34.2 million
• A decrease of $36.2 million in Energy non-
accruals
• Potential problem loans (substandard,
accruing) totaled $623 million at 09/30,
compared to $626 million at 06/30.
$172.5
$181.0
$163.2
$255.4
$221.2
3Q19 4Q19 1Q20 2Q20 3Q20
Non-accruals (mil)
Energy Healthcare CRE Residential and Other
0.19%
0.22%
0.31%
0.23%
0.37%
0.00%
0.20%
0.40%
0.60%
3Q19 4Q19 1Q20 2Q20 3Q20
Net charge-offs (annualized) to average loans
23. 23
COVID-19
COVID-19 Impacted Areas
($mil)
Total
Outstanding
Percent of
Portfolio
Entertainment and Recreation $574.2 2.41%
• Gaming Industries 375.7 1.58%
• All other Entertainment and Recreation 198.5 0.83%
Retail 596.3 2.51%
• Convenience Stores & Gas Stations 96.6 0.41%
• Restaurants 278.2 1.17%
• Specialty Stores 35.2 0.15%
• All Other Retail 186.4 0.78%
Hotels 67.0 0.28%
Churches and Religious Organizations 135.2 0.57%
Colleges and Universtities 178.0 0.75%
Airlines 27.2 0.11%
Total COVID-19 Impact Areas $1,577.9 6.63%
• Deferred loans declined more than
80% from peak
• Identified businesses most
impacted by COVID-19 related
mitigation efforts less than 7% of
the total BOKF portfolio
• Close monitoring in place for these
areas
Loan Deferrals In Deferral Exited Deferral
# of loans Amount ($mil)
% of
segment # of loans Amount ($mil)
% of
segment
Business Market* 62 $229.4 1.2% 392 $1,312.7 6.6%
Individual Market** 294 $34.5 2.1% 378 $36.6 2.2%
Total 356 $263.9 1.2% 770 $1,349.3 6.3%
* Includes C&I, Energy, Healthcare, CRE and Private Wealth
** Includes Consumer and Mortgage