BOK Financial Corp.
by August 9, 1999 12:00 am 86 views
BOK Financial Corp., parent company of Bank of Arkansas, reported second-quarter earnings of $22.1 million, or 41 cents per share, up from last year’s 40 cents per share.
The Tulsa-based company said tangible earnings per share – net income plus the after-tax effect of intangibles amortization – increased 7 percent to 47 cents for the quarter. Year-to-date earnings were $43.3 million, or 80 cents per share, an 11 percent increase from 1998.
Tangible net income for the second quarter increased 11 percent from 1998 figures.
The company completed four acquisitions during the quarter. The acquired banks include Canyon Creek National Bank, Mid-Cities National Bank and Swiss Avenue Bank, all in the Dallas-Fort Worth area, and First National Bank of Muskogee (Okla.). The four banks increased BOK’s loan portfolio by $243 million and added $583 million to its deposits.