BOK Financial reports Q1 EPS $1.11, consensus $1.00 The company said, "Net interest revenue totaled $162.6M for Q1 compared to $166.2M last quarter. Net interest margin was 2.71% for Q1 and 2.74% for last quarter. Fees and commissions revenue totaled $140.9M for Q1, compared to $142.4M last quarter. Operating expenses were $185.1M for Q1, a decrease of $30.3M compared to the previous quarter. Personnel expense decreased $21.2M The company reversed $15.5M accrued in 2011 through 2013 for amounts payable to certain executive officers under the 2011 True-Up Plan. Non-personnel expense decreased $9.1M. No provision for credit losses was recorded in Q1 compared to an $11.4M negative provision for credit losses last quarter. BOK Financial had a net recovery of $2.5M for Q1 compared to a net recovery of $3M in the previous quarter."
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: SunEdison (SUNE) downgraded to Neutral from Buy at UBS... Green Bancorp (GNBC) downgraded to Neutral from Buy at SunTrust... BOK Financial (BOKF) downgraded to Neutral from Buy at SunTrust... AGL Resources (GAS) downgraded to Hold from Buy at Argus... Coty (COTY) downgraded to Neutral at JPMorgan.