Bok Financial (BOKF) risk factors, FY2024 10-K

Other

1. 01Adverse factors could impact BOK Financial's ability to implement its operating strategy
2. 02Substantial competition could adversely affect BOK Financial
3. 03Government regulations and political environment could adversely affect BOK Financial
4. 04The effects of climate change and resulting government regulations could adversely affect BOK Financial and BOK Financial customers
5. 05Adverse regional economic developments could negatively affect BOK Financial's business
6. 06Extended oil and gas commodity price downturns could negatively affect BOK Financial customers
7. 07Other adverse economic factors affecting particular industries, including commercial real estate and healthcare, could have a negative effect on BOK Financial customers and their ability to make payments to BOK Financial
8. 08Fluctuations in interest rates could adversely affect BOK Financial's business
9. 09Changes in mortgage interest rates could adversely affect mortgage banking operations along with mortgage servicing rights as well as BOK Financial's substantial holdings of residential mortgage-backed securities, and brokerage and trading revenue
10. 10Models may fail to reasonably predict changes in values caused by changes in interest rates, prepayment speeds and other relevant stimuli, which could adversely affect our business or results of operations
11. 11Market disruptions could impact BOK Financial's funding sources
12. 12Loss of deposits or a change in deposit mix could increase BOK Financial’s funding costs
13. 13A downgrade in our credit ratings may increase our funding costs and limit our business activities
14. 14Dependence on technology increases cybersecurity, data privacy, and technology failure risk
15. 15The development and use of emerging technologies like artificial intelligence, machine learning, and generative artificial intelligence presents risks and challenges that may adversely impact our business
16. 16We depend on third parties for critical components of our infrastructure
17. 17We may be adversely affected and experience losses related to fraud or theft

Risks Related to an Investment in Our Stock

1. 18Although publicly traded, BOK Financial's common stock has substantially less liquidity than the average trading market for a stock quoted on the NASDAQ National Market System
2. 19BOK Financial's principal shareholder controls a majority of BOK Financial's common stock
3. 20Possible future sales of shares by BOK Financial's principal shareholder could adversely affect the market price of BOK Financial's common stock
4. 21Statutory restrictions on subsidiary dividends and other distributions and debts of BOK Financial's subsidiaries could limit amounts BOK Financial's subsidiaries may pay to BOK Financial
5. 22Our business may be adversely affected if we are unable to hire and retain qualified employees
6. 23Adverse global economic factors could have a negative effect on BOK Financial customers and counterparties
7. 24Our business, financial condition, liquidity and results of operations could be adversely affected by a health pandemic or other health crisis