Bok Financial's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Bok Financial (BOKF) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Bok Financial vs Its Competitors
- TTM: Trailing 12-month revenue of 2,294M vs 771,071M combined for its competitors (0.3% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.1% annualized vs trailing 12 months), vs holding steady (-0.7%) for its tracked peer group.
- Growth: Bok Financial generated 2.8% revenue growth year over year in Q3 2026, vs 2.7% for its competitors combined.
- Profitability: Its 28.5% net margin compares with 26.7% for the peer group.
- Scale: Bok Financial ranks #21 of 84 companies by market capitalization in the Commercial Banks industry, holding 0.3% of industry market cap.
- Peer revenue share: Bok Financial accounted for 0.3% of combined revenue among its tracked peer group, up from 0.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.46M compares with $0.74M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BOKF Sales vs. its Competitors, Q3 2026
Bok Financial reported revenue growth of 2.76 % year on year in Q3 2026, above its competitors' combined revenue growth of 2.68 %.
With a net margin of 28.47 %, Bok Financial achieved higher profitability than its competitors (26.69 %).
Bok Financial generated 0.29 % of the combined sales of its peer group, up from 0.29 % a year earlier.
API endpoints for this dataset
Bok Financial vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Bok Financial reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Bok Financial and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Bok Financial Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Bok Financial's competitor groups requires a Commercial License.
For context: the Commercial Banks industry grew revenue -5.7% year over year, combined, vs 2.8% for Bok Financial. Bok Financial's share of combined industry revenue moved from 0.20% to 0.21%, a gain of 0.02 percentage points.
Bok Financial's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Bok Financial Corp | Yes | Yes | No | No |
| Competitors combined (215) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BOKF Stock Performance relative to its Competitors
BOKF Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brookline Bancorp inc | 282.9% | Outperformed |
| 2 | Community Ban corp | 282.9% | Outperformed |
| 3 | Lionsgate Studios Corp | 282.9% | Outperformed |
| 4 | Peapack gladstone Financial Corporation | 282.9% | Outperformed |
| 5 | F and m Bank Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Bok Financial's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Bok Financial's Comment on Competition and Industry Peers
BOK Financial and its operating segments face competition from other banks, thrifts, credit unions and other non-bank financial institutions, such as investment banking firms, investment advisory firms, brokerage firms, investment companies, government agencies, mortgage brokers and insurance companies. The Company competes largely on the basis of customer services, interest rates on loans and deposits, lending limits and customer convenience. Some operating segments face competition from institutions that are not as closely regulated as banks, and therefore are not limited by the same capital requirements and other restrictions.
We are the largest financial institution in the state of Oklahoma with 15% of the state’s total deposits. Bank of Oklahoma has 32% and 13% of the market share in the Tulsa and Oklahoma City areas, respectively. We compete with two banks that have operations nationwide and have greater access to funds at lower costs, higher lending limits, and greater access to technology resources. We also compete with regional and locally-owned banks in both the Tulsa and Oklahoma City areas, as well as in every other community in which we do business throughout the state.
Bank of Texas competes against numerous financial institutions, including some of the largest in the United States, and has a market share of approximately 2% in the Dallas, Fort Worth area and less than 1% in the Houston area. Bank of Albuquerque has a number four market share position with 9% of deposits in the Albuquerque area and competes with four large national banks, some regional banks and several locally-owned smaller community banks. Colorado State Bank and Trust has a market share of approximately 2% in the Denver area. Bank of Arkansas serves Benton and Washington counties in Arkansas with a market share of approximately 4%. Bank of Arizona operates as a community bank with locations in Phoenix, Mesa and Scottsdale with a market share of approximately 1%. Bank of Kansas City serves the Kansas City, Kansas/Missouri market with a market share of approximately 2%. The Company’s ability to expand into additional states remains subject to various federal and state laws.
Publicly Traded Peers of Bok Financial Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Bok Financial Corp |
7,781.98 | 2,294.23 |
 Jpmorgan Chase and Co |
897,436.67 | 190,733.00 |
 Bank Of America Corporation |
356,921.12 | 122,968.00 |
 Morgan Stanley |
284,679.36 | 68,350.00 |
 The Goldman Sachs Group Inc |
260,698.40 | 42,162.00 |
 Wells Fargo and Company |
256,142.91 | 85,055.00 |
| SUBTOTAL | 4,290,741.14 | 1,666,740.55 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Bok Financial Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Bok Financial's Competitors Named by the Company
Competitive relationships identified from Bok Financial reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Bank Bradesco | Company report | 85% |
| Two | Company report | 85% |
| Financial Institutions Inc | Company report | 85% |
| Popular Inc | Company report | 85% |
| Banner Corporation | Company report | 85% |
| Veritex Holdings inc | Company report | 85% |
| Capital one financial corp | Company report | 85% |
| Pnc Financial Services Group Inc | Company report | 85% |
| Comerica Incorporated | Company report | 85% |
| Heritage Commerce Corp | Company report | 85% |
| The First Bancshares Inc | Company report | 85% |
| Svb Financial Group | Company report | 85% |
| Renasant Corp | Company report | 85% |
| Bancfirst Corporation | Company report | 85% |
| Jpmorgan Chase and Co | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| First Financial Bankshares Inc | Company report | 85% |
| Bankfinancial Corp | Company report | 85% |
| National Bank Holdings Corp | Company report | 85% |
| Southstate Bank Corp | Company report | 85% |
| Western Alliance Bancorporation | Company report | 85% |
| First Interstate Bancsystem Inc | Company report | 85% |
| M and t Bank Corporation | Company report | 85% |
| First Horizon Corp | Company report | 85% |
| Citigroup inc | Company report | 85% |
| Equity Bancshares Inc | Company report | 85% |
| Hilltop Holdings Inc | Company report | 85% |
| Stifel Financial Corp | Company report | 85% |
| Texas Capital Bancshares Inc | Company report | 85% |
| Great Western Bancorp Inc | Company report | 85% |
| Truist Financial Corporation | Company report | 85% |
| Zions Bancorporation National Association | Company report | 85% |
| Huntington Bancshares Incorporated | Company report | 85% |
| Fifth Third Bancorp | Company report | 85% |
| First Midwest Bancorp Inc | Company report | 85% |
| Wintrust Financial Corp | Company report | 85% |
| Park National Corporation | Company report | 85% |
| Simmons First National Corp | Company report | 85% |
| Webster Financial Corporation | Company report | 85% |
| Citizens Financial Group Inc | Company report | 85% |
| Keycorp | Company report | 85% |
| Regions Financial Corporation | Company report | 85% |
| Wells Fargo and Company | Company report | 85% |
| First Commonwealth Financial Corp | Company report | 85% |
| Hancock Whitney Corporation | Company report | 85% |
| Prosperity Bancshares Inc | Company report | 85% |
| United Community Banks Inc | Company report | 85% |
| Glacier Bancorp Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Bok Financial's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Bok Financial's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Schwab Charles Corp | Investor Services 78.69 % |
| Capital one financial corp | Credit Card 74.32 % |
| Apollo Global Management Inc | Retirement Services 91.20 % |
| Energy Transfer Lp | Investment In Sunoco LP 38.49 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Bok Financial's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Bok Financial Corp | 7,782 | 455,748 | 132,980 |
| Jpmorgan Chase and Co | 897,437 | 598,825 | 204,714 |
| Bank Of America Corporation | 356,921 | 577,315 | 150,793 |
| Morgan Stanley | 284,679 | 823,494 | 245,422 |
| The Goldman Sachs Group Inc | 260,698 | 889,494 | 467,700 |
| Wells Fargo and Company | 256,143 | 355,879 | 96,699 |
| PEERS TOTAL | 4,282,959 | 744,308 | 154,458 |
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Bok Financial's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Blackrock Inc | Americas 63.73 % |
| Franklin Resources Inc | United States 72.53 % |
| Invesco Ltd | Americas 75.67 % |
| Stifel Financial Corp | Americas 57.23 % |
| Houlihan Lokey Inc | United States 69.51 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Bok Financial's Position in Industry Market Structure
Market-capitalization share and concentration across all 81 companies in Bok Financial's industry classification, broader than the peer set above. Market cap in millions of $.Bok Financial ranks #21 of 81 companies by market capitalization in its industry, holding 0.32 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,882, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Jpmorgan Chase and Co | 901,183 | 37.41 % |
| 2 | Bank Of America Corporation | 360,479 | 14.96 % |
| 3 | Wells Fargo and Company | 258,082 | 10.71 % |
| 4 | Citigroup inc | 206,641 | 8.58 % |
| 5 | Capital one financial corp | 1,234 | 5.2% |
| 6 | Us Bancorp De | 1,234 | 5.2% |
| 7 | Pnc Financial Services Group Inc | 1,234 | 5.2% |
| 8 | Truist Financial Corporation | 1,234 | 5.2% |
| 9 | Shinhan Financial Group Co Ltd | 1,234 | 5.2% |
| 10 | Huntington Bancshares Incorporated | 1,234 | 5.2% |
| 21 | Bok Financial Corp | 7,779 | 0.32 % |
Market cap and industry share for the rest of Bok Financial's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Bok Financial's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 16 | Umb Financial Corp | 10,219 | 24.53 % |
| 17 | Cullen | 9,695 | 25.27 % |
| 18 | Old National Bancorp | 9,555 | 20.99 % |
| 19 | Zions Bancorporation National Association | 9,469 | 24.54 % |
| 20 | Valley National Bancorp | 1,234 | 12.3% |
| 21 | Bok Financial Corp | 7,779 | 21.13 % |
| 22 | Wilson Bank Holding Co | 1,234 | 12.3% |
| 23 | Fnb Corp | 1,234 | 12.3% |
| 24 | Fulton Financial Corp | 1,234 | 12.3% |
| 25 | Wsfs Financial Corporation | 1,234 | 12.3% |
| 26 | Bancfirst Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Bok Financial's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Bok Financial's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Commercial Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (2 companies). See the full Commercial Banks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 0.96 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 66.76 % | 0.23 % (avg) | +66.5 pp |
| Capital Intensity (Capex / Revenue) | 8.54 % | 0.98 % (avg) | +7.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Bok Financial's Valuation vs Competitive Position
Valuation multiples vs the Commercial Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Commercial Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.6x | 10.9x | +1.7x |
| EV / EBITDA | 7.4x | 5.2x | +2.2x |
| P/B | 1.4x | 1.6x | -0.2x |
| Return on Equity | 11.21 % | industry aggregate | -1.75 % |
| Return on Invested Capital | - | 0.00 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Bok Financial's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 3.23 % | 10.64 % | -1.90 % | 14.11 % | -7.56 % | 10.49 % | 0.81 % | 6.94 % |
| Operating Margin | 35.48 % | 35.78 % | 32.60 % | 40.33 % | 36.18 % | - | - | - |
| Return on Invested Capital | 4.03 % | 3.77 % | 3.92 % | 6.54 % | 2.18 % | 1.28 % | 1.20 % | 1.34 % |
| P/E | 12.1x | 12.0x | 11.4x | 11.9x | 13.3x | 9.4x | 13.7x | 12.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Bok Financial's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Bok Financial falls in the Question Mark quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 11.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Jpmorgan Chase and Co alone holds 37% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Bok Financial's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,882 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 8.54 % vs industry average 0.98 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Bok Financial's dedicated Suppliers and Customers pages, not here.
Bok Financial's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Bok Financial falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Bok Financial's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-2.1% annualized vs trailing 12 months).
- Low relative market share vs the industry leader (0.01x).
Opportunities
- Industry revenue growing at a healthy 11.3% median pace.
Threats
- Industry dominated by Jpmorgan Chase and Co, holding 37.41 % of industry market cap.
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Bok Financial's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Bok Financial Corp | 0.03 | 0.18 | 0.71 |
| Jpmorgan Chase and Co | 0.15 | 0.42 | 1.41 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Morgan Stanley | 0.40 | 1.12 | 3.16 |
| The Goldman Sachs Group Inc | 0.43 | 0.79 | 3.30 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.16 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Bok Financial's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Bok Financial Corp | Q3 2026 | +2.8 % | +13.5 % |
| Jpmorgan Chase and Co | Q3 2026 | +10.2 % | +9.0 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Morgan Stanley | Q2 2026 | -30.6 % | +58.1 % |
| The Goldman Sachs Group Inc | Q3 2026 | -68.0 % | +29.2 % |
| Wells Fargo and Company | Q3 2026 | +5.4 % | +6.9 % |
| PEERS TOTAL | +7.9 % | +17.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Bok Financial's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Bok Financial Corp | Q3 2026 | - | +86.5 % |
| Jpmorgan Chase and Co | Q3 2026 | -12.8 % | - |
| Bank Of America Corporation | Q3 2026 | - | - |
| Morgan Stanley | Q2 2026 | - | +7.3 % |
| The Goldman Sachs Group Inc | Q3 2026 | +8.6 % | -5.9 % |
| Wells Fargo and Company | Q3 2026 | +31.5 % | - |
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Bok Financial's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Bok Financial Corp | 1.26% | 1.30% | 11.21% |
| Jpmorgan Chase and Co | 1.34% | 1.65% | 17.70% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Morgan Stanley | 1.35% | 1.95% | 17.85% |
| The Goldman Sachs Group Inc | 1.08% | 1.63% | 17.90% |
| Wells Fargo and Company | 1.04% | 1.23% | 12.78% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Bok Financial's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Bok Financial Corp | 11.79 | 3.39 |
| Jpmorgan Chase and Co | 14.07 | 4.71 |
| Bank Of America Corporation | 11.79 | 2.90 |
| Morgan Stanley | 14.68 | 4.17 |
| The Goldman Sachs Group Inc | 12.49 | 6.18 |
| Wells Fargo and Company | 11.91 | 3.01 |
| PEERS AVERAGE | 12.40 | 2.57 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.