BOK Financial Reports Quarterly Earnings of $43 Million or $0.63 per Share.

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BOK Financial Reports Quarterly Earnings of $43 Million or $0.63 per Share.

Annual Earnings Total $201 Million or $2.96 per Share

TULSA, Okla. -- BOK Financial Corporation (NASDAQ:BOKF) reported net income for the fourth quarter of 2009 of $42.8 million or $0.63 per diluted share compared to $50.7 million or $0.75 per diluted share for the third quarter of 2009 and $35.4 million, or $0.52 per diluted share for the fourth quarter of 2008.

Net income for 2009 totaled $200.6 million or $2.96 per diluted share compared to $153.2 million or $2.27 per diluted share for 2008.

"BOK Financial continued to produce solid earnings in 2009 despite economic challenges," said President and CEO Stan Lybarger. "We remained committed to a strategy of diversified revenue sources, well-managed operating expenses and controlled growth that focuses on long-term shareholder value. Our capital base which was built on retained earnings, not government assistance, has us well positioned for the future."

Highlights of fourth quarter of 2009 included:

* Net interest revenue totaled $184.5 million, up $4.0 million over the third quarter of 2009. Net interest margin was 3.64% for the fourth quarter of 2009 and 3.63% for the third quarter of 2009....

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