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Bank of Oklahoma

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Submitted By Amber0481
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Bank of Oklahoma: A Critical Review

Management of Financial Institutions

June 12, 2010
Bank of Oklahoma Bank of Oklahoma is one bank owned by Bank of Oklahoma Financial Corporation. Other Banks owned by BOKF include the Bank of Texas, Bank of Albuquerque, Bank of Arkansas, Bank of Arizona, Colorado State Bank and the Bank of Kansas. BOKF is a publicly traded commercial bank traded on the Nasdaq stock exchange and earns over $23 Billion every year. BOKF also owns a broker/dealer subsidiary which provides services in 10 states. According to the last 5 years financials from BOKF, the company has grown steadily. There was a drop in net income in 2008 but that should be expected with the economic conditions of the time. In just one year BOKF managed to increase their net income back to pre-2008 levels, up from $153K in 20008 to over $200K in 2009. Earnings per share also increased from 2005 through 2007 with a drop in 2008. The economic conditions in 2008 can make it difficult to rely on financial ratios and analysis from the time period before and after but further review will show that although the bank suffered a bad year, they still experienced a large profit during a year when many larger banks would have failed without government assistance. By examining common financial ratios for BOKF both by themselves and against Bank of America, the investor can see the stability of BOKF. The first ratio, Return on Equity, measures the overall profitability of the bank per dollar of equity (Saunders, A., Cornett, M., 2009). In 2005 the ROE for BOKF was 13% whereas Bank of America had an ROE of almost 22%. Bank of America was almost twice as profitable as Bank of Oklahoma. However, during the collapse Bank of America required assistance from the government to keep from closing and during 2009 the ROE for Bank of America dropped to 3% versus BOKF who’s ROE remained

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