Banking companies offer different strategies, results
There are just three publicly traded banking companies based in Oklahoma, but their business models and results are varied.
“I think it bodes pretty well for the state,” Nell said.
In the Oklahoma Inc. rankings, BancFirst ranked 18th and BOK Financial was 22nd, precisely the reverse of where the companies finished last year.
Southwest Bancorp experienced a big dip in its rankings that reflected investor sentiment of the company's stock. The company finished dead last in the Oklahoma Inc. rankings in terms of its return to shareholders, who took a 74 percent loss in the July 2010 through June 2011 period.
The stock has continued to swoon as Southwest Bancorp works out troubled loans, most of which were made outside Oklahoma.
CEO and President Rick Green said the company has added staff and boosted its credit analysis as it works through its problem loans.
“However, we are not satisfied with the pace of our resolution of problem and potential problem assets,” Green said. “Accordingly, we have undertaken a disciplined analysis of all alternatives available to accelerate the resolution process in the near-term.”