2007 ANNUAL REPORT
Table of Contents:
Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inside Fold
Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . 1
Letter to Our Shareholders . . . . . . . . . . . . . . . . . . . 3
2007 Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . 10
Corporate Information . . . . . . . . . . . . . . . . . . . . . . 12
Financial Highlights (Dollars In Thousands Except Per Share Data)
For the year:
Net income
Period-end:
Assets
Loans
Deposits
Shareholders’ equity
Nonperforming assets1
Profitability Statistics
Earnings per share (based on average equivalent shares):
Basic
Diluted
Percentages (based on daily averages):
Return on average assets
Return on average shareholders’ equity
Common Stock Performance
Per Share:
Book value per common share
Market price: December 31 close
Selected Balance Sheet Statistics
Period-end:
Tier 1 capital ratio
Reserve for loan losses to nonperforming loans
Combined reserves for credit losses to loans2, 3
Miscellaneous (at December 31)
Number of banking locations
Number of TransFund locations
2007
2006
2005
$
217,664
$
212,977
$
201,505
$ 20,839,864
12,017,247
13,459,291
1,935,384
104,159
$ 18,059,624
10,715,803
12,386,705
1,721,022
44,343
$ 16,327,069
9,139,978
11,375,318
1,539,154
40,017
$
3.24
3.22
$
3.19
3.16
$
3.14
3.01
1.14 %
12.01
1.27 %
13.23
1.29 %
13.78
$
28.75
51.70
$
25.66
54.98
$
23.07
45.43
9.38 %
133.79
1.24
9.78 %
305.37
1.22
9.84 %
329.34
1.37
189
1,822
163
1,649
150
1,421
Includes nonaccrual loans, renegotiated loans and assets acquired in satisfaction of loans. Excludes loans past due 90 days or more and still accruing.
1
2 Excludes residential mortgage loans held for sale.
3
Includes reserve for loan losses and reserve for off-balance sheet credit losses.
1
We will execute our carefully planned strategies
with precision, confident that through
our successful past we have found
the key to a successful future.
2
Letter To Our Shareholders
2007 was a tumultuous year for the banking industry due to continued margin pressure, the crisis in the housing market
and the resulting decline in bank stock prices. Though these challenges affected our results, we fared well relative to
our peers. BOK Financial Corporation (BOKF) generated record earnings for the 17th consecutive year. We also laid
the foundation for continued growth by significantly expanding our branch network. Furthermore, while bank stock prices
plummeted, including the NASDAQ Bank index which fell 22%, BOKF’s stock price declined only 6%. In fact, BOKF’s
stock outperformed all but nine of the 103 banks with market capitalization over $400 million. The market seems to
recognize that while BOKF is not immune to industry trends, our proven and balanced strategies produce relatively stable
results even in difficult environments.
TARGETED RESULTS
BOKF’s earnings growth was moderately affected by prolonged flat and inverted yield curves, competitive loan and
deposit pricing pressures and credit costs returning to more normal levels. However, by staying focused on our targets,
we generated net income of $218 million, or $3.22 per diluted share compared to $213 million, or $3.16 per diluted
share in 2006. Fee-based revenue, which represented 42% of total revenue, grew 9%. While all major fee categories
posted increases, brokerage and trading revenue and transaction card revenue enjoyed the strongest growth at 17%
and 15%, respectively.
Our balance sheet growth remained strong in 2007 as we surpassed $20 billion in total assets, fueled by success in the
regional banks. During the year, we reached a milestone as more than half of BOKF’s loans are now in markets outside
Oklahoma. This is noteworthy considering our regional expansion began in 1997 with the acquisitions of two banks in the
Dallas area with combined assets of $367 million. Today average assets in Texas exceed $4.3 billion. BOKF is positioned
to continue this growth trend, due in part to recent investments in our branch network.
During 2007, we increased the depth and reach of our branch network both organically and through acquisitions. We
nearly tripled our branches in Colorado with the acquisition of First United Bank. By acquiring Worth National Bank, we
extended our presence further west in the Dallas/Fort Worth metroplex. In addition to the 16 branches we acquired, we
opened 14 others throughout our footprint. We now have 189 banking locations in total.
BALANCED STRATEGY
While we focused significant resources on expansion projects, we weren’t distracted from our core business. BOKF
focuses on traditional banking, maintaining virtually no direct exposure to the subprime markets through the loan or
investment portfolios. Due to credit issues in the housing market, many banks suffered significant loan losses. BOKF’s loan
losses only increased moderately in 2007. Our nonperforming assets are returning to more normal levels after remaining
at historic lows for more than two years. Our asset quality may continue to be affected by the general economy, but we
should benefit from the balance and diversity of our loan portfolio. We deliberately manage loan growth to ensure that
commercial real estate loans do not increase as a percentage of the loan portfolio.
To achieve our desired results in this turbulent economic environment, we continually measure progress and refine our
strategy. While we manage our organization for long-term value rather than short-term results, we also aim to increase
profitability. In anticipation of continued headwinds, we took measured action in the third quarter to realign operating
expenses in a way that will not compromise customer service or future growth. We will continue to exercise prudent
expense management in order to generate profitable growth.
AIMING FOR CONTINUED GROWTH
Though many hold a pessimistic outlook for 2008, we are positioned well to meet the challenges ahead. While we expect
credit quality to continue to weaken, we are confident in our consistent underwriting standards and credit monitoring
processes. Our balance sheet and capital ratios are solid. In fact, our tangible capital ratio is in the top quartile of the
largest U.S. banks. Our recent acquisitions and investments in branching offer many opportunities to enhance fee revenue
as we introduce our complete set of financial products and services to new customers. Past investments in personnel and
technology have also begun to generate increased revenue, particularly in wealth management.
While it is true that the future cannot be predicted with any degree of certainty, our vision for the company’s future is
clearly defined and our balanced strategies are thoughtfully planned. Our track record of 17 consecutive years of record
earnings proves we can successfully execute our strategies through varying economic cycles.
As always, we want to express our appreciation for those who make BOKF the leader that it is – our dedicated
board members, our talented employees, our loyal customers and our diverse communities. We look forward to
our continued partnerships.
3
BUILDING ON A SOLID FOUNDATION
lenders specialize in several industry segments including
While regional markets have fueled recent growth, BOKF
commercial feedlots, food processing, agricultural supply
is firmly rooted in our home state of Oklahoma. Ranked
and grain merchandising and milling.
number one in terms of deposit market share with 12%
of Oklahoma’s retail deposit base, we are fulfilling our
BOKF subsidiaries have a long successful history of serving
mission statement by being the bank of first choice for the
commercial real estate developers with needs ranging from
consumers in our state. In addition, Bank of Oklahoma is
$1 million to $20 million. In addition, we also finance quality
the leader in commercial banking and mortgage origination.
home builders and developers. Though many regional banks
BOKF has mature branch networks in Tulsa and Oklahoma
have relied on commercial real estate as the growth engine
City as well as several community banking locations in the
northern and eastern regions of the state. We are proud of
our long history in the state, which we trace back to the oil
boom days in 1910.
for their loan portfolio, BOKF has maintained commercial real
estate at less than 25% of the portfolio for the last five years.
Our relationship managers listen to their customers’ needs
and recommend individualized solutions. If customers’
We continue to be the largest Oklahoma-based energy
requirements don’t match one of our standard products, we
lender. At year end, our energy portfolio totaled $2 billion
work to accommodate their unique needs. Throughout the
or 16% of the total loan portfolio. The energy portfolio is
organization, our agile and innovative approach allows us to be
principally composed of oil and gas reserve-based loans in
more responsive and flexible than our large bank competitors.
the $3 million to $50 million range. Our commitment to this
sector is demonstrated by our employment of engineers who
To support the lending function, we designed a
periodically perform on-site visits, verify reserves and prepare
comprehensive group of cash management products,
sensitivity analysis.
international services and financial risk management
(FRM) services. The FRM team assists our energy and
BOKF has proficiency in several other areas of commercial
agri-business customers with hedging services that provide
lending. We understand the intensive capital requirements
price protection to mitigate the price volatility associated
facing the healthcare industry, and we can recommend
with certain commodity derivatives. We also offer assistance
products and services to help balance growth and expansion
with interest rate and foreign exchange hedging. BOKF
with capital support and risk tolerance. Our agri-business
executes offsetting contracts with counterparties to minimize
4
the bank’s exposure to changes in commodity prices,
BOKF’s subsidiary banks were deliberately placed in the
interest rates or foreign exchange rates. Revenue from FRM
region’s thriving metropolitan areas. We have a growing
has grown at a compound annual rate of 61% over the last
presence in three of the top 10 fastest growing U.S. cities –
five years.
Houston, Fort Worth and Phoenix. Our markets are
economically diverse, representing a balance of Southwest,
In Oklahoma, our most mature market, fee revenue
Midwest and Rocky Mountain states. These robust markets
represents 56% of total revenue. The largest components
are deep and broad in both commercial and consumer
include transaction card, trust and deposit service charges.
opportunities. At year end, 51% of our loans and 45% of our
In 2007, we launched several initiatives to increase the
deposits were in markets outside Oklahoma. Our Bank of
distribution of our fee services in the regional markets.
Texas franchise leads the regional banks in size followed by
We are already beginning to see results, particularly in the
Colorado State Bank & Trust and Bank of Albuquerque with
mortgage division, where originations outside Oklahoma
average assets of $1.7 billion and $1.6 billion, respectively.
increased 51%.
ADDING DEPTH THROUGH ACqUISITIONS
CHOOSING OUR TARGET MARkETS
With recent acquisitions in two excellent markets, there
Just over a decade ago, BOKF’s management team set their
is ample opportunity to continue our growth trend. On
sights on transforming the company from the leading bank
May 31, we acquired Worth National Bank in Fort Worth,
in Oklahoma to a leading regional financial services provider.
Texas, known for the personalized service that continues
In 1997, BOKF acquired two banks in the Dallas area with
to be a hallmark of BOKF banks. Less than a month later,
total assets valued at $367 million. With superior loan growth
we acquired First United Bank in Colorado. Through these
and additional acquisitions, average assets in Texas now
two transactions, we added five attractive branches in
exceed $4.3 billion. After our successful entry into Dallas,
the Fort Worth area, 10 in the Denver area and one in
we continued our disciplined expansion into other carefully
Colorado Springs. These expanded branch networks provide
selected markets in contiguous states. Today BOKF operates
tremendous opportunities to attract new customers and to
189 banking offices in eight states. BOKF’s total assets and
provide existing customers additional services. Despite the
earnings per share have grown at a 10 year compound annual
substantial competition in these large markets, BOKF’s style
growth rate of 14% and 11%, respectively.
of banking attracts market share.
5
Deliberate Differentiation
6
An important element of our acquisition strategy is
to deliver top-tier performance by constructing diverse
introducing our complete line of products and services while
portfolios that utilize proven investment strategies and asset
maintaining local leadership. By combining BOKF’s cash
classes from around the globe. We monitor and adjust our
management, loan and investment products with bright
clients’ asset allocation in anticipation of global economic
and talented relationship managers, we provide a superior
and investment trends.
customer experience. Our bankers know their markets,
understand their customers’ financial needs and can quickly
Like many banks, we have expertise in estate planning and
create a customized solution that may include everything
trust administration, but BOKF’s range of services goes
from an equipment lease and a controlled disbursement
deeper. A national leader in mineral management, our
account to a line of credit and retirement plan services.
professional oil and gas staff provides services to many
While local market leaders manage client relationships
banks, foundations, universities, and trusts throughout the
and marketing efforts, we centralize non-customer contact
United States. Being headquartered in Tulsa, once known as
functions for efficiency. For example, Credit Administration
the “oil capital of the world,” we have access to a deep pool
ensures BOKF’s conservative underwriting standards are
of specialized talent. This distinct advantage has contributed
maintained in all markets. By maximizing efficiencies while
to BOKF’s success in the oil and gas agency business.
empowering local relationship officers, we are able to
BOKF is also a leader in trust property management,
provide our customers with prompt personalized service at
overseeing farm and ranch grazing acreage in addition to
competitive prices.
residential and commercial properties.
SERvING CUSTOMERS’ CHANGING NEEDS
BOSC, Inc., a subsidiary of BOKF, serves the financial
BOKF’s unique approach to customer service is designed
needs of individuals, corporations, government agencies,
to assist our customers in achieving their financial goals
foundations, municipalities and institutional clients. Our
throughout their life. We provide numerous options for
commitment to service and strong emphasis on long-term
managing, borrowing and investing money. Our free
relationships has been a successful formula for growth.
checking strategy attracts many customers and our
Brokerage and trading revenue increased $9 million or 17%
personalized service leads them to deeper relationships.
over 2006. As an institutional and public finance firm, BOSC,
Our proactive sales approach includes inquiring about
Inc. has emerged as one of the leading investment banking
customer needs and providing information regarding
firms in the Southwest.
promotions or new products during customer interactions.
To ensure BOKF’s high service standards are met, consumer
AIMING FOR DIFFERENTIATION
bankers receive on-going training and coaching. Our quality
BOKF possesses a number of unique strengths that
assurance program includes random branch visits as well
differentiate us from our peers. BOKF’s greatest financial
as visits from mystery shoppers. Whether our customers are
strength is our strong non-interest income stream, which
buying their first car or establishing a college fund for their
accounted for 42% of total revenue in 2007. In addition
grandchildren, we can find solutions for their needs.
to the typical bank services, we offer a number of fiduciary
services. Our $36 billion trust division generated more
The growth and transition of wealth in our markets have
than $78 million or 8% of total revenue. BOKF also enjoys
created a steady demand for BOKF’s Wealth Management
strong returns from TransFund, BOKF’s ATM and debit card
services, which includes private banking, trust and
network. In 2007, transaction card revenue grew nearly
investment services. Assets under management totaled
$12 million or 15%, and it represents 10% of total revenue.
$36 billion at year end, an increase of 14% from 2006. We
TransFund delivers electronic funds transfer products and
expect the growth to continue due to additional investments
services to banks and credit unions throughout the United
in key talent in a number of our regional markets including
States. TransFund’s ATM network is the eighth largest in
Phoenix, Houston and Kansas City. BOKF’s investment
the nation with 1,822 ATMs. In 2007, TransFund processed
philosophy involves gaining a clear understanding of our
more than 240 million debit card transactions, an increase of
clients’ long- and short-term objectives, their financial
over 20% over 2006.
situation and their risk tolerance. Our client advisors aim
BOK FINANCIAL CORP 2007 ANNUAL REPORT
7
Though revenue from the mortgage division is volatile,
we maintain a strong combined reserve for credit losses,
BOKF values the business for several reasons. By servicing
increasing our provision as necessary for growth and other
the conventional and government-sponsored prime mortgage
changes in the loan portfolio. Our increasing regional
loans that we originate, we have a competitive advantage.
diversity mitigates our exposure to credit risk associated with
We can assure our customers the same high level of service
local economies.
and also introduce them to attractive solutions for their
other financial needs. In addition, the mortgage business
After enjoying historic lows for more than two years,
tends to thrive when interest rates are low and other lines of
nonperforming assets have returned to more normal levels.
business are generating less revenue. With new leadership
At year end, our nonperforming assets totaled $104 million,
in production, mortgage loans originated outside Oklahoma
including $18.6 million that is guaranteed by government
increased from 32% of total originations in 2006 to 39% in
agencies or covered by a purchase escrow. In recognition of
2007. To further encourage regional development, we re-
the current environment, we increased our combined reserve
branded our regional mortgage business lines, aligning them
for loan losses to 1.24% of outstanding loans.
with the regional banks.
BOKF’s employees and innovative culture also set it apart.
While many banks have been affected by weakening credit
Employees are challenged to improve processes, products
quality, BOKF’s loan losses have increased only moderately,
and services. New thoughts and ideas are encouraged
and less than our peers’. Net charge-offs increased six basis
and appreciated. Attracting and retaining top quality talent
points from 2006, compared to our peer median’s increase
is one of BOKF’s core objectives. BOKF’s executive
of 14 basis points. The peer group consists of 26 publicly
committee is comprised of highly experienced individuals.
traded U.S. bank holding companies, 13 immediately smaller
One third of the members have been with the organization
and 13 immediately larger than BOKF at December 31,
more than 20 years. Several others have joined in the last
2007. Our credit metrics reflect BOKF’s refusal to sacrifice
five years, coming from senior positions at large national
loan quality for growth as well as the strength of our strategy.
banks. Additionally, BOKF would not have achieved its
BOKF maintains consistent underwriting standards in all
growth targets without the dedication and loyalty of its
markets throughout all economic cycles. Furthermore,
4,200 employees.
8
CONTRIBUTING TO OUR COMMUNITIES
This requires dedication to hiring, developing and retaining
We are proud of the many contributions BOKF and its
top talent, creating innovative products and services and
employees make to support the communities we serve.
improving work processes and customer service. BOKF
In 2007, BOKF, its employees and the BOKF Foundation
achieved 17 consecutive years of record earnings through
donated more than $4.4 million to charitable organizations,
careful execution of strategies. We have high expectations
which support health and human services, education and
for 2008, despite likely headwinds including margin
economic development. Financial gifts are one of many
pressure, fierce competition and credit quality returning to
ways BOKF and its employees contribute to the well being
more historic levels.
of their communities.
While the foundational elements of our strategies will
This past year our employees donated more than 38,000
continue in the coming year, there will be some minor
hours of community service to support community
changes. The pace of branch expansion will slow as we
revitalization projects, youth programs, financial education
integrate new branches from recent acquisitions. We will
programs and the arts. Employee committees in each market
continue to increase fee revenue in the regional banks while
encourage volunteerism by organizing and publicizing
controlling the related expense growth. We have specifically
opportunities throughout the year for employees to make a
challenged each line of business to improve profitability.
difference in their community. Among other activities, our
As always, we will seek quality loan growth and continue to
employees read books and write letters to elementary school
uphold our conservative underwriting standards.
children, mentor and teach financial literacy to youth and
collect food, books and toys for families in need.
Staying focused on the target, we will continue to create
SETTING FUTURE TARGETS
shareholder value. We will execute our carefully planned
strategies with precision, confident that through our
Though BOKF’s strategies are constantly adjusting to
successful past we have found the key to a successful future.
changes in the economy, customer behavior and technology,
our basic tenets are constant. We want to make BOKF the
premier financial services provider in each of our markets.
9
BOk Financial Corporation Board of Directors
Gregory S. Allen 1
President & CEO
Advance Food Co., Inc.
C. Fred Ball, Jr. 2
Chairman & CEO
Bank of Texas, N.A.
Sharon J. Bell 1
Managing Partner
Rogers & Bell
Peter C. Boylan, III 1
CEO
Boylan Partners, LLC
Chester Cadieux, III 1
President & CEO
QuikTrip Corporation
Joseph W. Craft, III
President & CEO
Alliance Resource Partners
William E. Durrett
Senior Chairman
American Fidelity Corp.
E. Carey Joullian, Iv 1
President & CEO
Mustang Fuel Corporation
George B. kaiser 1
Chairman
BOK Financial Corporation and
Bank of Oklahoma, N.A.
Judith Z. kishner 1
Manager
Zarrow Family Office, L.L.C.
Thomas L. kivisto 1
President & CEO
SemGroup, LP
Robert J. LaFortune
Personal Investments
Stanley A. Lybarger 1,2
President & CEO
BOK Financial Corporation and
Bank of Oklahoma, N.A.
Steven J. Malcolm 1
Chairman, President & CEO
The Williams Companies, Inc.
David F. Griffin 1
President & General Manager
Griffin Communications, L.L.C.
Paula Marshall 1
CEO
Bama Companies
v. Burns Hargis 1
Vice Chairman
BOK Financial Corporation and
Bank of Oklahoma, N.A.
10
1 Director of BOK Financial Corporation and Bank of Oklahoma, N.A.
2 Director of BOK Financial Corporation and Bank of Texas, N.A.
Board of Directors
Bank of Albuquerque
Adelmo Archuleta
Owner, Professional Engineer
Molzen-Corbin & Associates
Suzanne Barker-kalangis, Esq.
Executive Director
Thornburg Charitable Foundation
Steven G. Bradshaw
Senior Executive Vice President
BOK Financial Corporation
Charles E. Cotter
Executive Vice President
BOK Financial Corporation
Rudy A. Davalos
Chairman of the Executive Board
New Mexico Bowl
Steven E. Nell
Executive Vice President & CFO
BOK Financial Corporation
Don T. Parker
Executive Vice President
BOK Financial Corporation
Bank of kansas City
Peter H. Arendt
Senior Vice President
Bank of Oklahoma, N.A.
Donald O. Borgman
Retired
Albert W. Niemi, Jr.
Dean, Cox School of Business
Southern Methodist University
Don T. Parker
Executive Vice President
BOK Financial Corporation
W. Jeffrey Pickryl
Senior Executive Vice President
BOK Financial Corporation
Steven G. Bradshaw
Senior Executive Vice President
BOK Financial Corporation
W. Jeffrey Pickryl
Senior Executive Vice President
BOK Financial Corporation
David A. Ralston
Chairman & CEO
Bank of Arizona, N.A.
Scott T. Schaefer
President
Bank of Arizona, N.A.
Lorelei M. Dean
President
Dean Machinery
Robert W. Semple
Chairman & CEO
Bank of Texas, N.A. - Ft. Worth
Daniel H. Ellinor
Senior Executive Vice President
BOK Financial Corporation
Robert B. Trainer
Chief Financial Officer
Gyrodata, Inc.
William E. Garcia
Retired Senior Manager, Public Affairs
Intel Corporation
Dr. Anthony T. Yeung
Surgeon
Arizona Institute for
Minimally Invasive Spine Care
Robert M. Goodman
Retired, Vice Chairman
Bank of Albuquerque, N.A.
Thomas D. Growney
President
Tom Growney Equipment, Inc.
Larry F. Levy
Senior Vice President
Bank of Albuquerque, N.A.
Bank of Arkansas
John W. Anderson
Senior Vice President
Bank of Oklahoma, N.A.
Mark Bethell
COO
Northwest Medical
Center of Benton County
W. Jeffrey Pickryl
Senior Executive Vice President
BOK Financial Corporation
Jett C. Cato
Executive Vice President & COO
Bank of Arkansas, N.A.
Douglas L. Ruhl
Chairman & CEO
Bank of Albuquerque, N.A.
Mark E. Sauters
Senior Vice President
Bank of Albuquerque, N.A.
Michael D. Sivage
Chief Executive Officer
STH Investments, Inc.
Paul A. Sowards
President
Bank of Albuquerque, N.A.
Jennifer S. Thomas
Executive Vice President
Bank of Albuquerque, N.A.
James F. Ulrich
Vice Chairman
Bank of Albuquerque, N.A.
Dale W. Updegrove
Senior Vice President
Bank of Albuquerque, N.A.
Bank of Arizona
Charles E. Cotter
Executive Vice President
BOK Financial Corporation
Scott P. LeMarr
President
Palo Cristi Investments
Jeff D. Cude
Senior Vice President
Bank of Arkansas, N.A.
Lawrence L. Daniel
Executive Vice President
Bank of Arkansas, N.A.
Jeffrey R. Dunn
Chairman, President & CEO
Bank of Arkansas, N.A.
Daniel H. Ellinor
Senior Executive Vice President
BOK Financial Corporation
George C. Faucette, Jr.
Owner
Coldwell Banker Faucette
Real Estate Company
Jeannie Fleeman
Owner
Dynamic Enterprises and
Dynamic Development
Mark W. Funke
President
Bank of Oklahoma, N.A.
Oklahoma City
Dr. Stephen Lee Goss
Physician Executive
Mercy Health Systems of
Northwest Arkansas
Charles Todd Wisdom
Audit Partner
Tullius Taylor Sartain &
Sartain LLP
Scott S. Heady
Senior Vice President
Bank of Kansas City, N.A.
Timothy A. Johnson
Director of Finance
Garmin International
Marc C. Maun
Chairman & CEO
Bank of Kansas City, N.A.
Steven E. Nell
Executive Vice President & CFO
BOK Financial Corporation
Bank of Texas
C. Thomas Abbott
Vice Chairman
Bank of Texas, N.A. - Dallas
C. Fred Ball, Jr.
Chairman & CEO
Bank of Texas, N.A. - Dallas
Tom E. Turner
Retired Chairman
Bank of Texas, N.A. - Dallas
Lissa Walls vahldiek
Executive
Southern Newspapers, Inc.
John C. vogt
Personal Investments
Randall L. Walker
Chairman
Bank of Texas, N.A. - Houston
Colorado State Bank
and Trust
Aaron k. Azari
Vice Chairman
CSBT
George P. Caulkins, III
Principal
Greendeck Capital
Steven G. Bradshaw
Senior Executive Vice President
BOK Financial Corporation
Ralph W. Christie, Jr.
Chairman, President & CEO
Merrick & Company
Charles E. Cotter
Executive Vice President
BOK Financial Corporation
H. Lynn Craft
President & CEO
Baptist Foundation of Texas
Charles W. Eisemann
Personal Investments
Douglas D. Hawthorne
President & CEO
Texas Health Resources
Joel H. Farkas
Chairman
JF Companies
Thomas M. Foncannon
Senior Vice President
Bank of Oklahoma, N.A.
Richard H. Lewis
Personal Investments
kirk MacDonald
CEO
Interactive Marketing & Innovation
Bill D. Henry
Chairman & CEO
McQuery Henry Bowles Troy, LLP
W. Jeffrey Pickryl
Senior Executive Vice President
BOK Financial Corporation
James M. Johnston
Vice Chairman
Bank of Texas, N.A. - Dallas
Stanley A. Lybarger
President & CEO
BOK Financial Corporation
William J. Sullivan
President
CSBT
Gregory k. Symons
Chairman & CEO
CSBT
11
Piper Jaffray
RBC Dain Rauscher
Sandler O’Neill & Partners
Stephens Inc.
Stifel Nicolaus and Company, Incorporated
SunTrust Capital Markets Inc
Susquehanna Financial Group LLP
Timber Hill Inc.
UBS Securities LLC
Wachovia Securities
Transfer Agent, Registrar and Dividend
Disbursing Agent
Computershare Investor Services, LLC
P.O. Box 43078
Providence, RI 02940
(800) 568-3476
www.computershare.com
Copies of BOK Financial Corporation’s Annual Report to
Shareholders, Quarterly Reports and Form 10-K to the
Securities and Exchange Commission are available without
charge upon written request. Analysts, shareholders and other
investors seeking financial information about BOK Financial
Corporation are invited to contact Stacy C. Kymes, Senior Vice
President, (918) 588-6752.
Information about BOK Financial Corporation is also readily
available at: www.bokf.com
Registered shareholders of BOK Financial Corporation stock
may reinvest dividends and purchase additional shares through
the Computershare Investment Plan. Certain restrictions
apply. Shareholders may obtain a plan brochure by writing to
Computershare, c/o CIP for BOK Financial, P.O. Box 43078,
Providence, RI 02940, by calling 1-800-568-3476 or visiting
www.computershare.com.
Shareholder Information
Corporate Headquarters:
Bank of Oklahoma Tower
P.O. Box 2300
Tulsa, Oklahoma 74192
(918) 588-6000
Independent Auditors:
Ernst & Young LLP
1700 One Williams Center
Tulsa, Oklahoma 74172
(918) 560-3600
Legal Counsel:
Frederic Dorwart Lawyers
Old City Hall
124 E. Fourth St.
Tulsa, Oklahoma 74103
(918) 583-9922
Common Shares:
Traded NASDAQ National Market
NASDAQ Symbol: BOKF
Number of common shareholders of record at
December 31, 2007: 1,061
Market Makers:
Archipelago Stock Exchange
Automated Trading Desk
Bear Stearns & Co. Inc.
BMO Capital Markets U.S.
Cantor, Fitzgerald & Co.
Citadel Derivatives Group LLC
Citigroup Global Markets Inc.
Domestic Securities, Inc.
E*Trade Capital Markets LLC
Fox-Pitt, Kelton
Friedman, Billings, Ramsey & Co., Inc.
Goldman Sachs Research
Howe Barnes Investments
Hudson Securities, Inc.
Jefferies & Company, Inc.
Keefe, Bruyette & Woods, Inc.
Knight Equity Markets, L.P.
Lehman Brothers Equity Research
Merrill Lynch
Morgan Stanley
Nasdaq Execution Services LLC
National Stock Exchange
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www.bokf.com