TULSA, Okla.--(BUSINESS WIRE)--
BOK Financial Corporation (NASDAQ: BOKF) today announced the results of
its annual Dodd-Frank Act Stress Test ("DFAST"). DFAST is a
forward-looking exercise under which the company and its banking
subsidiary estimate the impact of a hypothetical severely adverse
macroeconomic scenario provided by the Board of Governors of the Federal
Reserve System (“Federal Reserve”) and the Office of the Comptroller of
the Currency (“OCC”) on its financial condition and regulatory capital
ratios over a nine-quarter time horizon.
The scenario assumes a severe national recession followed by a modest
recovery and covers a timeframe that begins in the fourth quarter of
2014 and ends in the fourth quarter of 2016. The results do not include
actual results for the company for the fourth quarter of 2014 or the
first quarter of 2015, and the macroeconomic scenarios do not reflect
actual changes to the economy, financial markets, or commodity markets
which have occurred since the scenarios were released by the Federal
Reserve.
Under the scenario provided by the regulatory agencies, all capital
ratio measures remain comfortably above minimum regulatory thresholds.
The company estimates the following outcomes over the nine quarter time
horizon:
| CAPITAL RATIO MEASURES: |
|
| Beginning
(Basel I) |
| Minimum
(Basel III) |
| Ending
(Basel III) |
| Consolidated |
|
|
|
|
|
|
Tier 1 Common
|
13.55
|
%
|
|
11.60
|
%
|
|
11.60
|
%
|
|
Tier 1 Risk Based
|
13.72
|
%
|
|
11.76
|
%
|
|
11.76
|
%
|
|
Total Risk Based
|
15.11
|
%
|
|
12.96
|
%
|
|
12.96
|
%
|
|
Tier 1 Leverage
|
10.22
|
%
|
|
9.41
|
%
|
|
9.41
|
%
|
| | |
| | |
| | |
Additional information on the company’s annual company-run Dodd-Frank
stress test, including results for the company’s primary banking
subsidiary, BOKF, NA, a summary of the hypothetical severely adverse
macroeconomic scenario, and additional information on the methodologies
used in conducting the stress test may be found on the company’s
Investor Relations page at www.bokf.com
under the “Presentations” tab.
About BOK Financial Corporation
BOK Financial Corporation is a $30 billion regional financial services
company based in Tulsa, Oklahoma. The Company's stock is publicly traded
on NASDAQ under the Global Select market listings (symbol: BOKF). BOK
Financial's holdings include BOKF, NA, BOSC, Inc. and The Milestone
Group, Inc.BOKF, NA operates TransFund, Cavanal Hill Investment
Management, MBM Advisors and seven banking divisions: Bank of
Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City,
Bank of Oklahoma, Bank of Texas and Colorado State Bank and Trust.
Through its subsidiaries, the Company provides commercial and consumer
banking, investment and trust services, mortgage origination and
servicing, and an electronic funds transfer network. For more
information, visit www.bokf.com.
This press release contains forward-looking statements, including
projections of the company’s financial results and condition under a
hypothetical scenario that incorporates a set of assumed economic and
financial conditions prescribed by its regulators. The projections are
not intended to be a forecast of expected future economic or financial
conditions or a forecast of the Company’s expected future financial
results or condition, but rather reflect possible results under the
prescribed hypothetical scenario. The Company’s future financial results
and condition will be influenced by actual economic and financial
conditions and various other factors as described in its reports filed
with the Securities and Exchange Commission and available at www.sec.gov.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617005401/en/
BOK Financial Corporation
Joe Crivelli, 918-595-3027
Senior
Vice President - Investor Relations
Source: BOK Financial Corporation