Who are BOK Financial Corporation's competitors, and what are the alternatives?
BOK Financial's 2025 10-K, filed February 18, 2026, says it competes with banks, thrifts, credit unions and non-banks including investment banks and advisers, brokers, fintechs, mortgage brokers and insurers, and that some of them are less closely regulated. It is the largest financial institution in Oklahoma, with 14% of state deposits, 33% of Tulsa's and 13% of Oklahoma City's, where it faces 'two banks that have operations nationwide'; FDIC data show those are JPMorgan Chase and Bank of America, alongside Oklahoma rivals MidFirst (25.63% of Oklahoma City deposits), BancFirst and Arvest. Outside Oklahoma it is a challenger. Its 10-K puts its share at about 1% in Dallas-Fort Worth, under 1% in Houston and San Antonio, 13% in Albuquerque, about 3% in Denver and about 1% in Kansas City and Phoenix. In Texas it meets Frost, Texas Capital and Prosperity as well as the national banks; in Albuquerque, Bank of America (24.30%) and Wells Fargo (19.74%) lead; in Denver, Wells Fargo, Chase and FirstBank, now part of PNC; in Kansas City, Commerce and UMB. Its fee businesses face different rivals: its broker-dealer and $127 billion of assets under management or administration compete with brokerage and advisory firms such as Charles Schwab, and its 10-K names fintechs and credit unions in everyday banking, where Chime is the largest branchless rival.[1][2][3][4][5][6][7][8]
Data as of Oct 19, 2026 · BOK Financial profile updated Oct 13, 2026 · computed tables recalculate from the 140 bank profiles on this site · Markdown
What does BOK Financial say about its competition?
"BOK Financial and its reportable segments face competition from other banks, thrifts, credit unions, and other non-bank financial institutions such as investment banking firms, investment advisory firms, brokerage firms, investment companies, financial technology firms, government agencies, mortgage brokers, and insurance companies. The Company competes largely on the basis of customer services, interest rates on loans and deposits, lending limits, and customer convenience. Some operating segments face competition from institutions that are not as closely regulated as banks, and therefore are not limited by the same capital requirements and other restrictions."[1]
"We are the largest financial institution in the state of Oklahoma with 14% of the state's total deposits. We have 33% and 13% of the market share in the Tulsa and Oklahoma City areas, respectively. We compete with two banks that have operations nationwide and have greater access to funds at lower costs, higher lending limits, and greater access to technology resources. We also compete with regional and locally-owned banks in both the Tulsa and Oklahoma City areas as well as in every other community in which we do business throughout the state."[1]
"We compete against numerous financial institutions in the state of Texas, including some of the largest in the United States, and have a market share of approximately 1% in the Dallas-Fort Worth area and less than 1% in both the Houston area and San Antonio area. We have a 13% market share in the Albuquerque area and compete with four large national banks, some regional banks, and several locally-owned smaller community banks. Our market share is approximately 3% in the Denver area. Our market share is approximately 1% in the Kansas City, Kansas/Missouri area and approximately 1% in the Phoenix area. We serve Benton and Washington counties in Arkansas with a market share of less than 1%." (2025 Form 10-K, filed February 18, 2026; market shares are FDIC deposit data as of June 30, 2025.)[1]
Who competes with BOK Financial in each of its businesses?
| Business line | Competitor | Type | Why it competes |
|---|---|---|---|
| Home region: Oklahoma | JPMorgan Chase | Bank | One of the two nationwide banks BOK's 10-K says it meets in Tulsa and Oklahoma City; FDIC data put Chase at 7.66% of Oklahoma City deposits and 3.38% of Tulsa's (June 30, 2025).[1][3][2] |
| Home region: Oklahoma | Bank of America | Bank | The other nationwide bank in both Oklahoma metros, with 4.50% of Tulsa deposits and 7.00% of Oklahoma City's (June 30, 2025); BOK's 10-K says these rivals have greater access to technology resources.[2][3][1] |
| Home region: Oklahoma | MidFirst Bank | Bank | The largest deposit holder in the Oklahoma City metro, with 25.63% through 33 offices against BOK's 12.67% (June 30, 2025).[3] |
| Home region: Oklahoma | BancFirst | Bank | Oklahoma City-based, with 109 Oklahoma locations in 62 communities; it holds 8.22% of Oklahoma City deposits and 4.35% of Tulsa's (June 2025) and agreed in June 2026 to buy Tulsa-based SpiritBank.[9][3][2][10] |
| Home region: Oklahoma | Arvest Bank | Bank | The second-largest deposit holder in Tulsa (7.33%, 25 offices) after BOK, with 2.72% of Oklahoma City (June 2025); Arvest reported $28.05 billion of assets on its June 2026 call report.[2][3][11] |
| Commercial banking in Texas and the Southwest | Cullen/Frost Bankers | Bank | A member of BOK's 2025 performance peer group and a Texas-only commercial bank; in Dallas-Fort Worth Frost held 1.57% of deposits through 65 offices against BOKF's 0.98% through 20 (June 2025).[12][13] |
| Commercial banking in Texas and the Southwest | Texas Capital Bancshares | Bank | A Dallas commercial bank in BOK's performance peer group, holding 1.97% of Dallas-Fort Worth deposits (June 2025), double BOKF's share there.[12][13] |
| Commercial banking in Texas and the Southwest | Prosperity Bancshares | Bank | A Houston-based performance peer of BOK that completed its Stellar merger on July 1, 2026 with 363 locations, and held 0.89% of Dallas-Fort Worth deposits (June 2025).[12][14][13] |
| Commercial banking in Texas and the Southwest | Wells Fargo | Bank | One of the large national banks BOK's 10-K says it meets in Albuquerque, where Wells Fargo holds 19.74% of deposits; it also leads Denver with 20.95% (June 2025).[1][4][5] |
| Commercial banking in Texas and the Southwest | Zions Bancorporation | Bank | Operates 407 branches in 11 Western states including Texas, Colorado, New Mexico and Arizona, four of BOK's states.[15] |
| Wealth management, trust and brokerage | Charles Schwab | Broker or asset manager | A brokerage and investment-advisory firm of the kind BOK's 10-K names; BOK runs a broker-dealer and services about $127 billion of assets under management or administration.[1][16] |
| Wealth management, trust and brokerage | Commerce Trust (Commerce Bancshares) | Bank | A BOK performance peer in Kansas City with $94.5 billion of trust assets under administration (June 30, 2026), set against BOK's $39.7 billion of managed fiduciary assets at the end of 2025.[12][17][1] |
| Wealth management, trust and brokerage | UMB Financial | Bank | A Kansas City-based BOK performance peer that holds 8.54% of Albuquerque deposits and 4.20% of Denver's (June 2025), two of BOK's markets; its UMB Fund Services unit joined iCapital's distributed-ledger network in June 2026.[12][4][5][18] |
| Wealth management, trust and brokerage | HilltopSecurities (Hilltop Holdings) | Broker or asset manager | A Dallas broker-dealer active in public finance, competing with BOK Financial Securities, which BOK's 10-K says primarily engages in retail and institutional securities sales and municipal bond underwriting.[19][20][1] |
| Retail deposits and everyday banking | Chime | Fintech | A financial technology firm of the kind BOK's 10-K names; Chime's own 10-K claims a cost advantage over traditional banks, and it had 10.4 million active members at June 30, 2026.[1][21][8] |
| Retail deposits and everyday banking | Credit unions | Credit union | BOK's 10-K lists credit unions among its competitors and notes that some rivals are not as closely regulated as banks.[1] |
| Mortgage, mortgage finance and servicing | Texas Capital (MAP) | Bank | Texas Capital launched MAP, a platform for financing, hedging, pricing, trading and transferring loans and servicing rights, in May 2026; BOK's CEO is counting on a new mortgage-finance unit that could reach $1 billion of commitments.[22][23] |
| Mortgage, mortgage finance and servicing | Mortgage brokers | Non-bank lender | BOK's 10-K names mortgage brokers among its competitors; its consumer segment includes all mortgage origination and servicing.[1] |
How do the AI and digital offerings of BOK Financial's competitors compare?
BOK Financial first, then each competitor. Use-case counts, index scores and latest moves are computed from our profiles of each company; "No profile" means this site has no page on it yet.
| Company | AI or digital offering | On the record (our profiles) | Latest dated AI move |
|---|---|---|---|
| BOK Financial Corporation (this page) | Not disclosed | Index 41.8 (#69); 6 use cases, 4 in production | 18th for customer reputation (Aug 17, 2026)[24] |
| JPMorgan Chase | LLM Suite for 150,000 weekly staff users; a consumer travel agent targeted for pilot before end-2026[25][26] | Index 89 (#6); 15 use cases, 8 in production | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million (Oct 13, 2026)[27][28][29] |
| Bank of America | Erica virtual assistant: more than 24.6 million clients helped[30] | Index 97.3 (#1); 18 use cases, 16 in production | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026)[31][32][33] |
| MidFirst Bank | Not disclosed | No profile | Not disclosed |
| BancFirst | Webex AI Agent for internal support (per Cisco)[34] | Index 11.3 (#101); 7 use cases, 6 in production | 10-Q lists AI among technology and competition risks (Aug 7, 2026)[35] |
| Arvest Bank | Cloud migration with Google AI Code Assist and Gemini under review (April 2025)[36] | Index 37.2 (#79); 11 use cases, 4 in production | Security engineer on agentic-AI risk (May 5, 2026)[37] |
| Cullen/Frost Bankers | Contact-center copilot; Blend digital account opening (completion 50% to 80%)[38][39] | Index 49.3 (#58); 9 use cases, 7 in production | Blend 'Ecosystem Expander' award (Aug 27, 2026)[40] |
| Texas Capital Bancshares | Ranger multi-LLM platform used by about 80% of staff; agents in loan operations and fraud[41] | Index 49.1 (#60); 12 use cases, 8 in production | Chief risk officer departs; chief credit officer steps in (Sep 16, 2026)[42] |
| Prosperity Bancshares | Real-time core (converted February 2026)[43][44][45][14][46][47] | Index 40 (#71); 8 use cases, 4 in production | Q2 2026 10-Q repeats the AI risk bullet (Aug 6, 2026)[48] |
| Wells Fargo | Fargo virtual assistant: more than 1 billion interactions (March 2026)[49] | Index 88.8 (#7); 16 use cases, 13 in production | Q3 2026 call: AI agents in code, marketing, cyber, underwriting (Oct 13, 2026)[50][51] |
| Zions Bancorporation | Gemini-based enterprise AI platform; 56% of staff using generative AI (September 2025)[52][53] | Index 59.6 (#48); 16 use cases, 10 in production | Q2 2026 10-Q lists AI among emerging-technology risks (Aug 6, 2026)[54][55] |
| Charles Schwab | AI tools for all 33,000 employees; an AI Service Assistant transcribing about 60,000 live interactions a day[7] | Index 80.7 (#19); 19 use cases, 15 in production | How Charley was built: employee testing, confirmation before any change (Oct 8, 2026)[56] |
| Commerce Trust (Commerce Bancshares) | SS&C Advent Genesis, with embedded AI planned by SS&C (June 2026)[57] | Index 34 (#84); 10 use cases, 6 in production | Nolan & Associates acquisition completed (Oct 1, 2026)[58] |
| UMB Financial | Integration first: the Heartland systems conversion[59][60][61] | Index 47.9 (#61); 10 use cases, 9 in production | 'Playing with the big boys' (Aug 20, 2026)[62] |
| HilltopSecurities (Hilltop Holdings) | Not disclosed | Index 30.7 (#87); 9 use cases, 6 in production | HilltopSecurities survey: 50% of public finance leaders use AI daily or weekly (Oct 7, 2026)[20] |
| Chime | Jade, an in-app AI financial partner available to some members[63] | 8 use cases, 6 in production | Agreement to acquire Stride Bank (Sep 8, 2026)[64] |
| Credit unions | Not disclosed | No profile | Not disclosed |
| Texas Capital (MAP) | Cloud-native platform, MAP mortgage-asset platform, CDIO-led AI enablement[65][66][22][41] | Index 49.1 (#60); 12 use cases, 8 in production | Chief risk officer departs; chief credit officer steps in (Sep 16, 2026)[42] |
| Mortgage brokers | Not disclosed | No profile | Not disclosed |
Who should look beyond BOK Financial, and where?
| If you are | Look at | Why |
|---|---|---|
| Customers who want an in-app AI assistant | Bank of America (Erica) or Wells Fargo (Fargo) | BOK discloses no customer-facing AI. Erica helps more than 24.6 million clients and Fargo passed 1 billion interactions in March 2026; both banks have branches in BOK's markets.[1][30][49][4] |
| People who need branches outside BOK's eight states | JPMorgan Chase or Bank of America | BOK operates in Oklahoma, Texas, New Mexico, Arizona, Arkansas, Colorado, Kansas and Missouri. Chase reported 5,083 branches in 2025 and Bank of America runs 3,500 financial centers.[1][67][30] |
| Texas customers who want a bank with deep local branch coverage | Frost or Prosperity | BOK's 10-K puts its share at about 1% in Dallas-Fort Worth and under 1% in Houston and San Antonio. Frost runs about 204 Texas financial centers and topped J.D. Power's Texas satisfaction study for a 17th year in 2026; Prosperity has 363 locations after Stellar.[1][68][69][14] |
| Customers who want an app-only checking account | Chime | Chime's model avoids branches and ATMs; it had 10.4 million active members at June 30, 2026, and some members can use Jade, its in-app AI financial partner.[21][8][63] |
| Self-directed investors who want a national brokerage with AI service tools | Charles Schwab | BOK's brokerage is a regional broker-dealer focused on retail and institutional sales and municipal underwriting. Schwab gives all 33,000 employees AI tools and reported 11.9 million daily average trades in Q2 2026.[1][7][70] |
Which of BOK Financial's fee businesses face non-bank competition?
BOK's 10-K describes businesses beyond lending and deposits; the rivals named are those its competition section lists.
| Business | What BOK reports | Rival class named in the 10-K |
|---|---|---|
| Brokerage and trading | BOK Financial Securities: retail and institutional securities sales and municipal bond underwriting; trading of agency mortgage-backed securities | Investment banking firms, brokerage firms[1] |
| Wealth and trust | About $127 billion of assets under management or administration; BOK Financial Private Wealth as adviser to high-net-worth clients | Investment advisory firms, investment companies[1] |
| Payments | TransFund EFT network, reported in Commercial Banking; $97.7 million of TransFund revenue in 2025 | Financial technology firms[1] |
| Mortgage | Origination and servicing in Consumer Banking; a mortgage-finance unit aimed at $1 billion of commitments | Mortgage brokers[1][23] |
Who are BOK Financial's biggest competitors?
In Oklahoma, JPMorgan Chase and Bank of America (the two nationwide banks its 10-K describes), MidFirst, BancFirst and Arvest. In Texas, Frost, Texas Capital, Prosperity and the national banks. In Albuquerque and Denver, Bank of America, Wells Fargo, U.S. Bank, UMB and PNC's FirstBank; in Kansas City, Commerce and UMB.[1][2][3][4][5][12]
Is BOK Financial the largest bank in Oklahoma?
Yes, by its own 10-K: it is the largest financial institution in the state with 14% of deposits, and FDIC data put it first in Tulsa with 32.74%. In Oklahoma City it is second with 12.67%, behind MidFirst Bank's 25.63% (June 30, 2025).[1][2][3]
Is Arvest a competitor of BOK Financial?
Yes, in Tulsa, where Arvest is the second-largest deposit holder (7.33%) after BOK, and in Oklahoma City (2.72%), per FDIC data for June 2025. Arvest reported $28.05 billion of assets on its June 30, 2026 call report.[2][3][11]
How does BOK Financial compete in Texas?
As a small player: its 10-K puts its share at about 1% in Dallas-Fort Worth and under 1% in Houston and San Antonio. In Dallas-Fort Worth it holds 0.98% through 20 offices, behind Bank of America, Chase, Wells Fargo, Texas Capital and Frost (June 2025).[1][13]
Is Chime a competitor of BOK Financial?
By category, yes: BOK's 10-K lists financial technology firms among its competitors. Chime's 10-K says its digital model gives it a cost advantage over traditional banks, and it had 10.4 million active members at June 30, 2026. Neither names the other.[1][21][8]
Who competes with BOK Financial in wealth management?
Its 10-K names investment advisory firms, brokerage firms and investment companies. Among banks, Commerce (with $94.5 billion of trust assets under administration) and UMB, both BOK performance peers; among non-banks, brokerages such as Charles Schwab and HilltopSecurities in municipal finance.[1][17][12][16][19]
Who competes with BOK Financial in Denver and Albuquerque?
In Albuquerque, where BOK holds 12.96%, Bank of America (24.30%) and Wells Fargo (19.74%) lead, followed by U.S. Bank and UMB. In Denver, where BOK holds 2.71%, Wells Fargo, Chase, FirstBank and U.S. Bank lead; PNC converted FirstBank's customers and branches in June 2026.[4][5][6]
- BOK Financial Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Summary of Deposits, Deposit Market Share Report: Tulsa, OK MSA, June 30, 2025 (retrieved 2026-10-19)
- Summary of Deposits, Deposit Market Share Report: Oklahoma City, OK MSA, June 30, 2025 (retrieved 2026-10-19)
- Summary of Deposits, Deposit Market Share Report: Albuquerque, NM MSA, June 30, 2025 (retrieved 2026-10-19)
- Summary of Deposits, Deposit Market Share Report: Denver-Aurora-Centennial, CO MSA, June 30, 2025 (retrieved 2026-10-19)
- PNC Completes FirstBank Customer Conversion
- Schwab (SCHW) Q1 2026 Earnings Call Transcript
- Chime Reports Second Quarter 2026 Financial Results
- BancFirst Corporation reports second quarter earnings (2Q 2026 press release)
- BancFirst Corporation Form 8-K: Announces Acquisition of SpiritBank
- FDIC BankFind financial data, Arvest Bank (cert 8728), quarter ended 30 June 2026
- BOK Financial Corporation 2026 Proxy Statement (DEF 14A): executive officers
- Summary of Deposits, Deposit Market Share Report: Dallas-Fort Worth-Arlington, TX MSA, June 30, 2025 (retrieved 2026-10-19)
- Second Quarter 2026 Investor Presentation
- Zions Bancorporation, N.A. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Exhibit 99.1: Schwab Reports Record Quarterly Revenue and Earnings (Form 8-K)
- Commerce Bancshares, Inc. At a Glance (data as of June 30, 2026)
- iCapital and UMB Expand Blockchain-Enabled Network for Alternative Investments Through Distributed Ledger Technology Integration
- Hilltop Holdings Inc. Form 10-K for the fiscal year ended December 31, 2025
- Public Finance Leaders Embrace Innovation While Capacity Constraints Persist, 2026 HilltopSecurities Survey Finds
- Chime Financial, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Texas Capital Launches MAP
- BOK counting on mortgage finance for a boost in 2026
- Top Banks by Reputation 2026: Customers
- 2026 Company Update Transcript - Chairman and CEO Q&A
- JPMorgan's Lake sees longer road to agentic commerce adoption
- JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts
- JPMorgan CEO Dimon warns customers of 'liability transfer' with AI
- JPMorgan warns of risks to consumers who rely on AI agents
- Bank of America Fast Facts (undated page, retrieved 2026-10-19)
- U.S. Treasury Announces Record Enforcement Actions Against Bank of America
- OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance
- BofA fined $1.21 billion over AML
- Webex AI Innovations Transform Customer Experience at WebexOne 2025
- BancFirst Corporation Form 10-Q for the quarterly period ended June 30, 2026
- Arvest Bank moves 40% of apps to cloud
- Trent AI Announces AI Security Maturity Model for Agentic Era
- Cullen/Frost Q2 2026 investor presentation (Form 8-K, Exhibit 99.1)
- Frost Bank Achieves 60% Increase in Digital Account Openings With Blend
- Blend Honors Seven Customers With Best in Banking Awards at Forum 2026
- Texas Capital (TCBI) Q1 2026 Earnings Transcript
- Form 8-K: departure of Chief Risk Officer (Item 5.02)
- System Upgrade
- Customer letter: real-time processing system upgrade
- Prosperity Bancshares, Inc. Reports First Quarter 2026 Earnings
- Prosperity to acquire rival Houston bank in $2 billion deal
- Prosperity Bancshares (PB) Q2 2026 Earnings Call
- Prosperity Bancshares Quarterly Report on Form 10-Q for the quarter ended June 30, 2026
- Wells Fargo Reaches Major Digital Milestones
- Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets
- Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share
- Zions' revamped tech leadership team eyes AI, stablecoins
- The Most Powerful Women to Watch, No. 3, Jennifer Smith, Zions Bancorporation
- Zions Bancorporation, N.A. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026
- Zions Bancorporation, N.A. Quarterly Report on Form 10-Q for the quarter ended March 31, 2026
- Charles Schwab's Amy Ruegg: AI Can Make Investing Easier, but Human Expertise Remains Key
- Commerce Trust Goes Live on SS&C Advent’s Genesis
- Commerce Bank Completes Acquisition of Investment Banking Firm Nolan & Associates
- The Most Powerful Women to Watch, No. 15, Uma Wilson, UMB Bank
- UMB's post-acquisition systems conversion set for October
- AI POV: Impacts on the markets and what the future may hold
- This Kansas City regional bank is playing with the big boys. JPMorgan sees big gains ahead
- What is Jade Financial Partner? (help centre, retrieved 2026-09-23)
- Chime Announces Agreement to Acquire Stride Bank
- A Look Ahead with Rob C. Holmes — 2026
- Texas Capital Appoints Mo Jamous as Chief Digital and Information Officer
- JPMorgan Chase & Co. Annual Report on Form 10-K for the year ended December 31, 2025
- Cullen/Frost Bankers Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- For 17th consecutive year, Frost Bank ranks highest in the J.D. Power Retail Banking Satisfaction Study in Texas
- Schwab Reports Record Quarterly Revenue and Earnings
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