Newz(BOKF) on Monday reported third-quarter profit of $159.9 million. The Tulsa, Oklahoma-based bank said it had earnings of $2.64 per share. The results exceeded Wall Street expectations.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share. The Regional banking operator posted revenue of $854.3 million in the period. Its revenue net of interest expense was $557.9 million, falling short of Street forecasts.
Three analysts surveyed by Zacks expected $568.8 million. BOK Financial shares have climbed slightly more than 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $122.40, a climb of 14% in the last 12 months.
_____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOKF at https://www.zacks.com/ap/BOKF Source (AP) — Washington Trust Bancorp Inc.
(WASH) on Monday reported third-quarter earnings of $19.4 million. The bank, based in Westerly, Rhode Island, said it had earnings of $1.01 per share. The results beat Wall Street expectations.
The holding company for The Washington Trust Co. posted revenue of $98.7 million in the period. Its revenue net of interest expense was $65 million.
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