Oklahoma business briefs for Jan. 30

Oklahoma business briefs for Jan. 30
Modified: January 29, 2014 at 8:47 pm •  Published: January 30, 2014

Oklahoma briefs

LSB gives update on Pryor plant

Oklahoma City-based LSB Industries Inc. said Wednesday that additional repairs are needed to its anhydrous ammonia plant in Pryor. “The company is diligently working to complete the repairs and is performing additional maintenance while the plant is down,” LSB said in a statement. LSB said it would update the market when the plant returns to production.


BOK Financial Corp.

BOK Financial Corp., parent of Bank of Oklahoma, reported a fourth-quarter profit of $73 million, or $1.06 per share, compared to net income of $75.7 million, or $1.10 per share, in the year-ago period. For 2013, BOK had a net income of $316.6 million, or $4.59 per share, compared to $351.2 million, or $5.13 per share, in 2012. 2013 marks the first year since 2008 that the company has not been able to grow its earnings from the previous year. BOK CEO Steven Bradshaw attributed slowed earnings growth to a challenging regulator environment and slower mortgage volumes due to higher interest rates. “We did finish the year with pretty strong loan growth — the fourth quarter was the strongest of the year,” Bradshaw said in a phone interview. “That is somewhat indicative of a somewhat improved economy and directly related to a number of initiatives we did in the summer months.”

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