Business

January 30, 2013

BOK sees rise in 2012 net income

BOK Financial Corp., the holding company of Bank of Oklahoma, said Wednesday it saw a 23 percent gain in net income in 2012.

BOK Financial Corp., the holding company of Bank of Oklahoma, said Wednesday it saw a 23 percent gain in net income in 2012.

The Tulsa-based company said in a news release its net income for the year that ended Dec. 31 was $351.2 million, a $65.3 million increase from 2011 net income of $285.9 million.

The company also increased its fourth quarter net income from a year ago, to $82.6 million from $67 million in the fourth quarter of 2011.

BOK officials attributed the gains in 2012 to a $103 million increase in non-interest revenue, a $1.1 billion increase in its commercial loan portfolio and origination of more than $3.7 billion in mortgage loans.

The company operates a mortgage production office in northeast Wichita.

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