BOK Financial Corporation (NASDAQ:BOKF) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET
Company Participants
Marty Grunst - Chief Financial Officer
Stacy Kymes - Chief Executive Officer
Marc Maun - Executive Vice President, Regional Banks
Scott Grauer - Executive Vice President, Wealth Management
Conference Call Participants
Jared Shaw - Wells Fargo Securities
Jon Arfstrom - RBC Capital Markets
Brady Gailey - KBW
Brandon King - Truist Securities
Matt Olney - Stephens
Operator
Greetings, and welcome to the BOK Financial Corporation's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference is being recorded.
I would now like to turn the presentation over to Marty Grunst, Chief Financial Officer for BOK Financial Corporation. Thank you sir. You may begin.
Marty Grunst
Good morning and thank you for joining us. Today our CEO, Stacy Kymes will provide opening comments; Marc Maun, Executive Vice President for Regional Banking will cover our loan portfolio and related credit metrics; and Scott Grauer, Executive Vice President of Wealth Management will cover our fee-based results. I will then discuss financial performance for the quarter and our forward guidance. PDFs of the slide presentation and second quarter press release are available on our website at bokf.com. We refer you to the disclaimers on Slide 2 regarding any forward-looking statements we make during this call.
I'll now turn the call over to Stacy Kymes.
Stacy Kymes
Good morning. Thanks for joining us to discuss BOK Financial's second quarter financial results. Starting on Slide 4 second quarter net income was $151 million or $2.27 per diluted share. I am proud of the exceptional second quarter financial results delivered across the board by our team. Wealth segment revenues set another record this quarter and core loans reached an all-time high led by the commercial and multifamily segments. Our growth efforts are supported by the vitality of our geographic footprint, as well as our diverse business model. Noninterest revenues were almost 40% of total revenues for the quarter.
Using our capital and liquidity strength, we are taking advantage of market and economic uncertainty to prudently grow. Our full-service banking market expansion into San Antonio and the addition of a fixed income sales and trading office in Memphis are just two more examples of how we are investing to build long-term shareholder value. That disciplined long-view approach has consistently been a distinct advantage for BOK Financial.