BOK Financial Corporation reported unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported interest revenue of $255,767,000 compared to $215,737,000 a year ago. Net interest revenue was $216,863,000 compared to $194,198,000 a year ago. Net income before taxes was $126,712,000 compared to $72,405,000 a year ago. Net income attributable to company shareholders was $72,492,000 or $1.11 per basic and diluted share compared to $50,026,000 or $0.76 per basic and diluted share a year ago. Return on average assets was 0.86% compared to 0.60% a year ago. Return on average equity was 8.24% compared to 6.03% a year ago.

For the year, the company reported interest revenue of $972,751,000 compared to $829,117,000 a year ago. Net interest revenue was $841,701,000 compared to $747,228,000 a year ago. Net income before taxes was $518,278,000 compared to $338,658,000 a year ago. Net income attributable to company shareholders was $334,644,000 or $5.11 per basic and diluted share compared to $232,668,000 or $3.53 per basic and diluted share a year ago. Book value per share as at December 31, 2017 was $53.45 compared to $50.12 a year ago. Tangible book value per share as at December 31, 2017 was $46.17 compared to $42.53 a year ago.

For the quarter, the company reported net charge-offs of $11,688,000 compared to net recoveries of $1,162,000 a year ago.

The company expects federal and state effective tax rate for 2018 will be between 22% and 23%, compared to 33.8% for 2017, excluding the tax effects of equity compensation arrangements and similar discrete items.