BOK Financial Enjoys Record Quarterly Income

BOK Financial Corp. reported record quarterly net income of $69 million, or $1 per share, for the second quarter of 2011, during the last week of July.

That’s up from $64.8 million or 94 cents per share for the first quarter of 2011, and $63.5 million or 93 cents per share for the second quarter of 2010.

Net income for the six months that ended June 30 totaled $133.8 million or $1.95 per diluted share, compared to $123.7 million or $1.81 per diluted share for the six months that ended June 30, 2010.

“BOK Financial is pleased to announce another strong quarter of record earnings,” president and CEO Stan Lybarger said in a news release. “We continue to benefit from diversified sources of non-interest income.

“Transaction card, mortgage banking and deposit revenues all grew during the second quarter due to increased transaction volume. Outstanding commercial loan balances are up in most of our markets and credit quality metrics continue to improve.”

Bank of Arkansas, which has banking centers in Bentonville and Fayetteville, is a division of BOK Financial. Additionally, BOSC Inc. the broker/dealer division of BOK Financial, has operations in Little Rock.