BOK FINANCIAL CORP - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - BOK FINANCIAL 8-K 2-2-2010 - BOK FINANCIAL CORP	form8k.htm

Morgan Stanley Financial Services Conference

February 2 - 3, 2010

12/31/08 12/31/09 Change*

BOK Financial ($ in thousands)
Strategy Produced Strong Results Despite The Recession

• Annualized where appropriate

• Market cap as of 1/26/10

Consistent Strategies
Proven to Deliver Solid Results

ü Utilize a decision making framework based on long-term economic benefit

ü Develop long-term relationships with commercial customers

ü Deliver diverse fee-based services in a personalized responsive manner

ü Originate quality loans while maintaining a consistent mix in the portfolio

ü Build the franchise through deliberate branching and disciplined acquisition
strategies

ü Prudently manage risk and control expenses in relation to revenue growth

ü Actively pursue talent acquisition

Earnings History
Profitable Through All Cycles

Source: SNL Financial

EPS have been restated for stock dividends and for a 2-for-1 split

EPS CAGR 12%

Peer Analysis
A Standout Among Peers

Note: Peers are defined as 20 US publicly traded banks, 10 immediately larger and 10 immediately smaller as
measured by total assets at 12/31/09. Two peers had not reported when this presentation was prepared.

2009 Results

Quarterly Results (in 000s)
Nearly $500 Million in Pre-tax Pre-Provision Income in 2009

Note: Other includes gains/losses on securities including OTTI and changes in the value of MSRs and
related hedge

Components of Revenue
Fee Revenue Consistently Represents At Least 40% of Total Revenue

Net Interest Revenue =
59% of Total Revenue

Deposit Service Charges 10%

Transaction Card 9%

Brokerage & Trading 8%

Mortgage Banking 5%

Other 4%

Trust Fees 5%

Net Interest Margin
More Stable Through Economic Cycles

Source: SNL data as of 1/27/10. Two peers had not reported when this presentation was prepared.

Service Charges
Likely to Decrease Due to Changes in Regulation

Demand Deposits and Fee Income

Transaction Card Revenue
Consistent Solid Contributor

Brokerage & Trading Revenue
Tremendous Growth in Investment Banking & Trading Fees

Mortgage Originations
46% of Production In Regional Markets

Trust Revenue
$30B in Trust Assets

Efficiency Ratio

* For purposes of this comparison, peers are defined as the subset of the peer group of 20 with fee
revenue over 35% of total revenue; Source: SNL as of 1/27/10. Two peers had not yet reported.

Earning Assets

Loan Trends
Consistent Portfolio Mix

55%

22%

16%

57%

21%

14%

56%

22%

14%

56%

22%

15%

55%

22%

16%

$11.2 Billion Loan Portfolio
Diversified by Sector and Geography

Energy Portfolio
Core Competency

CRE by Market
75% of Exposure is in Stable Markets

Market $ in 000s % of Total

Oklahoma 820,578 33

Texas 735,338 30

New Mexico 305,061 12

Colorado 239, 970 10

Arizona 227,249 9

Arkansas 132, 436 5

Kansas 30,802 1

Additional Loan Detail in millions

Permanent Mortgage Loans $1,303

Home Equity Loans 490

Total Residential Mortgage $1,793

Consumer Loans $455

Indirect Auto Loans 332

Total Consumer Loans $787

Off-Balance Sheet Obligations

Related to CRA Loans Sold with Recourse $331

$ in millions

Other Than Temporary Impairment on Debt
Securities

Summary ($ in millions)

Amortized cost of private issue MBS $961

Amortized cost of securities rated AAA 182

Amortized cost of securities rated >investment grade and 190

Amortized cost of securities rated < investment

grade by at least one rating agency 589

OTTI charges against earnings in 2009 26.4

Asset Quality

Nonperforming Assets
Reduce Level But Maximize Total Return

Nonperforming Assets / Loans & OREO

Source: SNL; Two peers had not reported when this presentation was prepared.

Net Charge-Offs in Basis Points
CRE Charge-offs Decreased in 4Q

Net Charge-offs as a % of Average Loans (annualized)
Consistently Lower Than the Peer Median

* 62% of 2Q08 charge-offs consisted of a $26 million charge related to one energy company

Source: SNL; Two peers had not reported when this presentation was prepared.

Other Real Estate Owned $ in millions
OREO & Related Expenses Likely to Remain Elevated

Liquidity and Capital

Funding Sources
Diverse Sources By Type and Region

Deposits
Dominated by Core Deposit Relationships

Well capitalized level as defined by regulators

* Tangible common equity ratio is a non-GAAP measure of capital strength based on equity as defined by GAAP
minus intangible assets and equity that does not benefit common shareholders. BOKF did not participate in TARP

Well Positioned to Take Advantage of
Opportunities

Current Focus

ü Aggressively address credit quality

ü Renew the focus on profitable loan growth

ü Employ team based selling and other initiatives to generate
additional fee revenue

ü Retain and grow deposits

ü Secure the savings from expense control initiatives
completed in 2009

ü Seek opportunistic acquisitions within our footprint through
the FDIC and other channels

How We Are Different

ü Balanced strategy with long term focus successfully creates
shareholder value through varying economic cycles

ü Diversified mix of fee revenue

ü Strong core earnings

ü Diversified loan portfolio with consistent mix

ü Attractive footprint

ü Excess capital to fund opportunistic acquisitions within our
footprint

ü Outstanding talent throughout the organization

Forward-Looking Statements

This presentation contains forward-looking statements that are based on management’s
beliefs, assumptions, current expectations, estimates, and projections about BOK Financial
Corporation, the financial services industry, and the economy generally. Words such as
“anticipates”, “believes”, “estimates”, “expects”, “forecasts”, “plans”, “projects”, variations of
such words, and similar expressions are intended to identify such forward-looking
statements. Management judgments relating to, and discussion of the provision and
allowance for credit losses involve judgments as to future events and are inherently forward-

looking statements. Assessments that BOK Financial’s acquisitions and other growth
endeavors will be profitable are necessary statements of belief as to the outcome of future
events, based in part on information provided by others which BOKF has not independently
verified. These statements are not guarantees of future performance and involve certain
risks, uncertainties, and assumptions which are difficult to predict with regard to timing,
extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may
materially differ from what is expressed, implied or forecasted in such forward-looking
statements. Internal and external factors that might cause such a difference include, but are

not limited to, (1) the ability to fully realize expected cost savings from mergers within the
expected time frames, (2) the ability of other companies on which BOKF relies to provide
goods and services in a timely and accurate manner, (3) changes in interest rates and
interest rate relationships, (4) demand for products and services, (5) the degree of
competition by traditional and non-traditional competitors, (6) changes in banking regulations,
tax laws, prices, levies, and assessments, (7) the impact of technological advances, and (8)
trends in customer behavior as well as their ability to repay loans. BOK Financial
Corporation and its affiliates undertake no obligation to update, amend, or clarify forward-
looking statements, whether as a result of new information, future events, or otherwise.

Steven E. Nell, EVP & Chief Financial Officer

Steven G. Bradshaw, SEVP

Q & A

BOK FINANCIAL CORP - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - February 3, 2010

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