BRIEF: Tulsa-based BOK Financial's income drops

Wed. October 28, 2009; Posted: 03:46 PM

Oct 28, 2009 (Tulsa World - McClatchy-Tribune Information Services via COMTEX) -- BOKF | Quote | Chart | News | PowerRating -- BOK Financial Corp. saw its third-quarter net income drop 10.6 percent compared with the same time a year ago, the company reported Wednesday.

The Tulsa-based regional services company posted a net income of $50.7 million, or 75 cents a diluted share, compared with $56.7 million, or 84 cents a share, in the same period a year ago.

"BOK Financial is pleased with solid performance this quarter, especially considering the continued challenges we see in the economy," said President and CEO Stan Lybarger, in a written statement. "Earnings for the third quarter were based on continued net interest revenue growth, solid fee revenue and controlled operating expenses."

Net income for the first nine months of the year totaled $157.8 million, or $2.33 per diluted share, compared with $117.8 million, or $1.74 per share, for the same period last year.

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For full details on Bok Financial Corp (BOKF) click here. Bok Financial Corp (BOKF) has Short Term PowerRatings of 8. Details on Bok Financial Corp (BOKF) Short Term PowerRatings is available at This Link.

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