BOK Financial: leaders came and went.
- Industry
- National Commercial Banks
- Ticker
- BOKF (Nasdaq)
- Sources
- SEC filings (1996–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Leaders came and went. BOK Financial filed 25 leadership changes since 2016, more than 76% of large financial companies (the median is 15). The day after each, its shares moved a median 0.1 points against its sector. The news was rarely news.
- Profitable every year. BOK Financial made money in each of its last ten fiscal years, from $0.2 billion (2016) to $0.6 billion (2021).
Financial results
| Fiscal year | Revenue | Net income |
|---|
As reported in its annual filings. Losses in red.
Has BOK Financial had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,966 | December 31, 2023 |
| 10-K for 2024 | 5,056 | December 31, 2024 |
| 10-K for 2025 | 5,034 | December 31, 2025 |
Job cuts, severance and restructuring
None of BOK Financial’s annual reports for 2023 to 2025 describes a layoff, workforce reduction or restructuring.
BOK Financial has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has BOK Financial acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
BOKF Insurance“During the fourth quarter of 2023, BOK Financial sold its wholly owned subsidiary BOKF Insurance, a broker providing insurance services.” 10-K for 2023 | divestiture | During the fourth quarter of 2023 | — |
CoBiz Financial“As a result of the acquisition of CoBiz Financial in 2018, we obtained $ 60 million of subordinated debt issued in June 2015 that will mature on June 25, 2030 .” 10-K for 2023 | acquisition | 2018 | — |
BOKFI insurance brokerage and consulting business“The fourth quarter of 2023 included a pre-tax $31.0 million gain, before related professional fees, on the sale of our insurance brokerage and consulting business, BOKFI.” 10-K for 2024 | divestiture | 2023 | pre-tax $31.0 million gain, before related professional fees |
a merchant banking investment“The current year included a $23.5 million pre-tax gain from the sale of a merchant banking investment, as well as higher gains on merchant banking services.” 10-K for 2025 | divestiture | — | $23.5 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | −$56 million | — | $69.5 million |
| 2017-12-31 | $0 | — | $4.3 million |
| 2018-12-31 | $175.8 million | — | $601.8 million |
| 2019-12-31 | $0 | — | — |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | — | $0 | — |
| 2022-12-31 | — | $0 | — |
| 2023-12-31 | — | $32.6 million | — |
| 2024-12-31 | — | $0 | — |
| 2025-12-31 | — | $0 | — |
Deal filings since 2016
What are BOK Financial's subsidiaries?
Subsidiaries it lists
| Subsidiary | Jurisdiction |
|---|---|
| BOKF, National Association (1) | Chartered by the United States Government |
| BOKF Capital Corporation | Oklahoma |
| BOKFCC (Cyber), LLC | Oklahoma |
| BOKFCC (FDS), LLC | Oklahoma |
| BOKF-CC (IPS), LLC | Oklahoma |
| BOKF-CC (QRC), LLC | Oklahoma |
| BOKF-CC (SSP), LLC | Oklahoma |
| BOKF-CC (Switchgrass), LLC | Oklahoma |
| BOKF-CC (VFP), LLC | Oklahoma |
| BOKFCC Merchant Banking Fund I, LLC | Oklahoma |
| BOKFCC MB II, LLC | Oklahoma |
| BOKFCC MB III, LLC | Oklahoma |
| BOK Financial Private Wealth, Inc. (5) | Colorado |
| BOK Financial Securities, Inc. | Oklahoma |
| Cavanal Hill Distributors, Inc. | Oklahoma |
| Omaha Industrial P&S, LLC | Oklahoma |
| Lumifi Holdco, LLC | Oklahoma |
| Switchgrass I, LLC | Oklahoma |
| Switchgrass II, LLC | Oklahoma |
| Switchgrass III, LLC | Oklahoma |
| Switchgrass IV, LLC | Oklahoma |
| Switchgrass V, LLC | Oklahoma |
| Switchgrass VI, LLC | Oklahoma |
| Switchgrass Holdings, LLC | Oklahoma |
| Switchgrass Management, LLC | Oklahoma |
| Switchgrass Properties, LLC | Oklahoma |
| Switchgrass Properties-II, LLC | Oklahoma |
| Affiliated BancServices, Inc. | Oklahoma |
| Affiliated Financial Holding Co. | Oklahoma |
| Affiliated Financial Insurance Agency, Inc. | Oklahoma |
| BancOklahoma Agri-Service Corporation | Oklahoma |
| Beacon Real Estate Group, LLC | Oklahoma |
| Beacon Real Estate Group Holdings, LLC | Oklahoma |
| BOK Delaware, Inc. (3) | Delaware |
| BOK Financial Equipment Finance, Inc. | Oklahoma |
| BOK Financial Public Finance, Inc. (5) | Colorado |
| BOK Funding Trust (3) | Delaware |
| BOKF Community Development Fund, LLC | Oklahoma |
| BOKF Community Development Fund II | Oklahoma |
| BOKF Community Development Corporation | Oklahoma |
| BOKF Investment Fund II, LLC | Oklahoma |
| BOKF Petro Holding, LLC | Oklahoma |
| BOSC Agency, Inc. (Oklahoma) | Oklahoma |
| BOSC Agency, Inc. (New Mexico) (4) | New Mexico |
| BOSC Agency, Inc. (Texas) (2) | Texas |
| Cavanal Hill Investment Management, Inc. | Oklahoma |
| Cottonwood Valley Ventures, Inc. | Oklahoma |
| CVV Management, Inc. | Oklahoma |
| CVV Partnership, an Oklahoma General Partnership | Oklahoma |
From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.
Layoffs, acquisitions, competitors and subsidiaries are read from BOK Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-02-18.
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 27 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (26 with market data).
- Peer comparison: against 505 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.
Tools to try
- Ansoff move finderFramework: Ansoff Matrix
- Business model canvas builderFramework: Business Model Canvas
- Change readiness checkFramework: Kotter's 8-Step Change Model
- Five Forces scorerFramework: Porter's Five Forces
- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
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