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Bank of America Corporation (BAC) Q1 FY2026 Financial Statements: Revenue $30.27B, Net income $8.58B

CIK 0000070858 · NYSE · Latest period: Q1 FY2026 (ended 2026-03-31, 10-Q accession 0000070858-26-000249) · Annual report: FY2025 10-K (filed 2026-02-25, accession 0000070858-26-000157)

This record covers Q1 FY2026. Bank of America has since filed a 10-Q for the period ended 2026-06-30, on 2026-07-31 (SEC accession 0000070858-26-000394), which this page does not yet cover. Next expected filing: 10-Q ~2026-10-30.

More for Bank of America: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ1 FY2026

Published

Bank of America reported $30.27 billion in revenue, net of interest expense, for Q1 FY2026, the quarter ended March 31, 2026, up 7.2% from a year earlier. Net income was $8.58 billion, up 16.6%, or $1.11 per diluted share, as growth in both net interest income and fee income outran higher noninterest expense and the provision for credit losses eased. Net interest income of $15.74 billion was up 9.0% on deposit and loan growth, Global Markets activity and fixed-asset repricing, while the efficiency ratio came in at 61.2%, down 1.7 points.

MetricAmountvs. year ago
Revenue$30,272,000,000up 7.2%
Net income$8,584,000,000up 16.6%
Diluted EPS$1.11up 24.7%
Net interest income$15,745,000,000up 9.0%
Efficiency ratio61.2%down 1.7 points
CET1 ratio11.2%down 0.6 points

About this file

TickerBAC
CIK0000070858
CompanyBank of America Corporation
Business typebank
Schema templatebank / bank holding company
Schema rationaleBank of America is a bank holding company, so the usual revenue / cost-of-goods / capital-expenditure framing does not describe it. The figures below follow the structure the company itself reports: net interest income and noninterest income (which together make up total revenue, net of interest expense), provision for credit losses, noninterest expense, and net income; a balance sheet built around loans, deposits, debt securities and long-term debt; and the banking measures that determine how the business is judged - book value and tangible book value per share, net interest yield, efficiency ratio, returns on assets, common equity and tangible common equity, net charge-offs and the allowance for credit losses, and regulatory capital ratios (CET1, Tier 1, total capital, Tier 1 leverage and the supplementary leverage ratio). Results for the four reportable segments - Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets - plus All Other are captured as the company presents them, on a fully taxable-equivalent basis.
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions)
Units handling noteEvery dollar figure in this file has been converted from the filings' millions presentation to actual dollars. Share counts are reported in actual shares: the weighted-average share counts printed on the income statements are in millions (7,680.9 = 7,680,900,000 shares), while the period-end share counts printed in the balance sheet equity captions are already whole shares. Per-share amounts, percentages and ratios are left exactly as the filings state them.

BAC annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession0000070858-26-0001570000070858-26-0001570000070858-26-000157
Source statementFY2025 Form 10-K: Consolidated Statement of Income, Consolidated Balance Sheet, Consolidated Statement of Cash Flows, Table 1 (Summary Income Statement and Selected Financial Data), Table 6 (Selected Annual Financial Data), Table 8 (Average Balances and Interest Rates - FTE Basis), Table 10 (Regulatory Capital under Basel 3) and Note 23 (Business Segment Information)FY2025 Form 10-K comparative columns: Consolidated Statement of Income, Consolidated Balance Sheet, Consolidated Statement of Cash Flows, Table 6 (Selected Annual Financial Data), Table 8, Table 10 and Note 23FY2025 Form 10-K comparative columns: Consolidated Statement of Income, Consolidated Statement of Cash Flows, Consolidated Statement of Changes in Shareholders' Equity, Table 6 (Selected Annual Financial Data), Table 8 and Note 23. The 10-K's Consolidated Balance Sheet presents only December 31, 2025 and 2024, so year-end 2023 balance sheet detail is not available from this filing.
Income statement
Interest income138,566,000,000146,607,000,000130,262,000,000
Interest expense78,470,000,00090,547,000,00073,331,000,000
Net interest income60,096,000,00056,060,000,00056,931,000,000
Net interest income fte60,705,000,00056,679,000,00057,498,000,000
Fees and commissions39,402,000,00036,291,000,00032,009,000,000
Market making and similar activities12,014,000,00012,967,000,00012,732,000,000
Other income loss1,585,000,000538,000,0001,097,000,000
Total noninterest income53,001,000,00049,796,000,00045,838,000,000
Total revenue net of interest expense113,097,000,000105,856,000,000102,769,000,000
Provision for credit losses5,675,000,0005,821,000,0004,394,000,000
Compensation and benefits42,346,000,00040,182,000,00038,330,000,000
Information processing and communications7,453,000,0007,231,000,0006,707,000,000
Occupancy and equipment7,448,000,0007,289,000,0007,164,000,000
Product delivery and transaction related3,924,000,0003,494,000,0003,608,000,000
Professional fees2,580,000,0002,669,000,0002,159,000,000
Marketing2,204,000,0001,956,000,0001,927,000,000
Other general operating3,772,000,0003,991,000,0005,950,000,000
Total noninterest expense69,727,000,00066,812,000,00065,845,000,000
Income before income taxes37,695,000,00033,223,000,00032,530,000,000
Income tax expense7,186,000,0006,250,000,0006,225,000,000
Net income30,509,000,00026,973,000,00026,305,000,000
Preferred stock dividends1,454,000,0001,629,000,0001,649,000,000
Net income applicable to common shareholders29,055,000,00025,344,000,00024,656,000,000
Balance sheet
Cash and due from banks28,595,000,00026,003,000,000
Interest bearing deposits with federal reserve and other banks203,250,000,000264,111,000,000
Cash and cash equivalents231,845,000,000290,114,000,000
Time deposits placed and other short term investments7,474,000,0006,372,000,000
Federal funds sold and securities borrowed or purchased under agreements to resell316,578,000,000274,709,000,000
Trading account assets366,954,000,000314,460,000,000
Derivative assets40,881,000,00040,948,000,000
Debt securities carried at fair value402,975,000,000358,607,000,000
Debt securities held to maturity522,660,000,000558,677,000,000
Total debt securities925,635,000,000917,284,000,000
Loans and leases1,185,700,000,0001,095,835,000,000
Allowance for loan and lease losses-13,203,000,000-13,240,000,000
Loans and leases net of allowance1,172,497,000,0001,082,595,000,000
Premises and equipment net12,516,000,00012,168,000,000
Goodwill69,021,000,00069,021,000,000
Loans held for sale5,165,000,0009,545,000,000
Customer and other receivables98,186,000,00082,247,000,000
Other assets164,986,000,000161,836,000,000
Total assets3,411,738,000,0003,261,299,000,000
Deposits in US offices noninterest bearing517,834,000,000507,561,000,000
Deposits in US offices interest bearing1,361,177,000,0001,329,014,000,000
Deposits in non US offices noninterest bearing14,216,000,00016,297,000,000
Deposits in non US offices interest bearing125,502,000,000112,595,000,000
Total deposits2,018,729,000,0001,965,467,000,000
Federal funds purchased and securities loaned or sold under agreements to repurchase344,716,000,000331,758,000,000
Trading account liabilities105,996,000,00092,543,000,000
Derivative liabilities42,076,000,00039,353,000,000
Short term borrowings48,088,000,00043,391,000,000
Accrued expenses and other liabilities231,074,000,000211,545,000,000
Long term debt317,816,000,000283,279,000,000
Total liabilities3,108,495,000,0002,967,336,000,000
Preferred stock25,992,000,00023,159,000,00028,397,000,000
Common stock and additional paid in capital26,084,000,00045,336,000,000
Retained earnings261,693,000,000240,753,000,000
Accumulated other comprehensive income loss-10,526,000,000-15,285,000,000
Total shareholders equity303,243,000,000293,963,000,000290,209,000,000
Total common shareholders equity277,251,000,000270,804,000,000261,812,000,000
Balance sheet noteOnly the equity balances are available for year-end 2023: they are taken from the Consolidated Statement of Changes in Shareholders' Equity in the FY2025 10-K. Total common shareholders' equity is total shareholders' equity less preferred stock, both as shown on that statement.
Cash flow
Net income30,509,000,00026,973,000,00026,305,000,000
Provision for credit losses5,675,000,0005,821,000,0004,394,000,000
Losses on sales of debt securities20,000,00029,000,000405,000,000
Depreciation and amortization2,314,000,0002,189,000,0002,057,000,000
Net accretion of discount premium on debt securities-859,000,000-330,000,000-397,000,000
Deferred income taxes295,000,000-1,127,000,000-1,012,000,000
Amortization of stock based compensation4,001,000,0003,433,000,0002,942,000,000
Net change in trading and derivative assets liabilities-35,027,000,000-45,504,000,00044,391,000,000
Net change in loans held for sale4,215,000,000-4,321,000,000641,000,000
Net change in other assets-19,584,000,000-4,515,000,000-24,304,000,000
Net change in accrued expenses and other liabilities17,315,000,0001,025,000,000-18,148,000,000
Other operating activities net3,739,000,0007,522,000,0007,708,000,000
Net cash provided by used in operating activities12,613,000,000-8,805,000,00044,982,000,000
Net cash used in investing activities-145,157,000,000-90,693,000,000-35,387,000,000
Net cash provided by financing activities69,948,000,00060,369,000,00093,345,000,000
Effect of exchange rate changes on cash and cash equivalents4,327,000,000-3,830,000,000-70,000,000
Net increase decrease in cash and cash equivalents-58,269,000,000-42,959,000,000102,870,000,000
Cash and cash equivalents end of period231,845,000,000290,114,000,000333,073,000,000
Proceeds from issuance of long term debt99,867,000,00056,683,000,00065,396,000,000
Retirement of long term debt-76,031,000,000-70,411,000,000-44,571,000,000
Common stock repurchased-21,433,000,000-13,104,000,000-4,576,000,000
Cash dividends paid-9,563,000,000-9,503,000,000-9,087,000,000
Interest paid79,065,000,00089,687,000,00069,604,000,000
Per share
Earnings per share basic3.863.233.07
Earnings per share diluted3.813.193.05
Dividends paid per common share1.081.00.92
Book value per common share38.4435.5833.16
Tangible book value per common share28.7326.3724.28
Average common shares issued and outstanding7,521,900,0007,855,500,0008,028,600,000
Average diluted common shares issued and outstanding7,680,900,0007,935,800,0008,080,500,000
Common shares issued and outstanding period end7,212,464,3457,610,862,3117,895,500,000
Preferred shares issued and outstanding period end3,991,1643,877,917
Bank metrics
Net interest yield fte %2.01%1.95%2.08%
Efficiency ratio %61.65%63.12%64.07%
Return on average assets %0.89%0.82%0.83%
Return on average common shareholders equity %10.59%9.53%9.73%
Return on average tangible common shareholders equity %14.22%12.94%13.45%
Return on average shareholders equity %10.22%9.22%9.33%
Return on average tangible shareholders equity %13.36%12.13%12.43%
Dividend payout %27.82%30.86%29.9%
Allowance for loan and lease losses13,203,000,00013,240,000,000
Allowance for credit losses14,380,000,00014,336,000,00014,551,000,000
Allowance for loan and lease losses to total loans %1.12%1.21%1.27%
Allowance for loan and lease losses to nonperforming loans %228%222%243%
Net charge offs5,631,000,0006,031,000,0003,799,000,000
Net charge off ratio %0.5%0.57%0.36%
Nonperforming loans leases and foreclosed properties5,905,000,0006,120,000,0005,630,000,000
Common equity tier 1 capital201,410,000,000201,083,000,000
Risk weighted assets standardized1,773,000,000,0001,696,000,000,000
Risk weighted assets advanced1,570,000,000,0001,490,000,000,000
Supplementary leverage exposure3,986,000,000,0003,818,000,000,000
Cet1 capital ratio standardized %11.4%11.9%11.8%
Cet1 capital ratio advanced %12.8%13.5%
Tier 1 capital ratio standardized %12.8%13.2%13.5%
Total capital ratio standardized %14.7%15.1%15.2%
Tier 1 leverage ratio %6.8%6.9%7.1%
Supplementary leverage ratio %5.7%5.9%6.1%
Tangible equity ratio %7.0%7.0%7.1%
Tangible common equity ratio %6.2%6.3%6.2%
Average balances
Total loans and leases1,136,787,000,0001,060,081,000,0001,046,256,000,000
Total assets3,410,412,000,0003,282,045,000,0003,152,461,000,000
Total deposits1,984,182,000,0001,924,106,000,0001,887,541,000,000
Long term debt245,775,000,000246,081,000,000248,853,000,000
Common shareholders equity274,435,000,000265,980,000,000253,464,000,000
Total shareholders equity298,474,000,000292,467,000,000281,861,000,000
Total earning assets3,024,272,000,0002,898,868,000,0002,753,600,000,000
Capital returns
Common stock dividends declared8,083,000,0007,822,000,0007,374,000,000
Preferred stock dividends declared1,445,000,0001,613,000,0001,649,000,000
Cash dividends paid total9,563,000,0009,503,000,0009,087,000,000
Common stock repurchased21,433,000,00013,104,000,0004,576,000,000
Segments fte
Consumer banking
Net interest income fte35,309,000,00033,078,000,00033,689,000,000
Noninterest income8,364,000,0008,358,000,0008,342,000,000
Total revenue net of interest expense43,673,000,00041,436,000,00042,031,000,000
Provision for credit losses4,649,000,0004,987,000,0005,158,000,000
Compensation and benefits6,063,000,0005,896,000,0005,983,000,000
Other noninterest expense16,634,000,00016,208,000,00015,433,000,000
Total noninterest expense22,697,000,00022,104,000,00021,416,000,000
Income loss before income taxes16,327,000,00014,345,000,00015,457,000,000
Income tax expense benefit4,082,000,0003,586,000,0003,864,000,000
Net income loss12,245,000,00010,759,000,00011,593,000,000
Year end total assets1,039,346,000,0001,034,370,000,000
Global wealth and investment management
Net interest income fte7,197,000,0006,969,000,0007,147,000,000
Noninterest income17,686,000,00015,960,000,00013,958,000,000
Total revenue net of interest expense24,883,000,00022,929,000,00021,105,000,000
Provision for credit losses35,000,0004,000,0006,000,000
Compensation and benefits12,064,000,00011,126,000,00010,120,000,000
Other noninterest expense6,557,000,0006,115,000,0005,716,000,000
Total noninterest expense18,621,000,00017,241,000,00015,836,000,000
Income loss before income taxes6,227,000,0005,684,000,0005,263,000,000
Income tax expense benefit1,557,000,0001,421,000,0001,316,000,000
Net income loss4,670,000,0004,263,000,0003,947,000,000
Year end total assets335,495,000,000338,367,000,000
Global banking
Net interest income fte12,611,000,00013,235,000,00014,645,000,000
Noninterest income11,497,000,00010,513,000,0009,910,000,000
Total revenue net of interest expense24,108,000,00023,748,000,00024,555,000,000
Provision for credit losses943,000,000883,000,000-586,000,000
Compensation and benefits4,670,000,0004,521,000,0004,345,000,000
Other noninterest expense7,746,000,0007,332,000,0006,999,000,000
Total noninterest expense12,416,000,00011,853,000,00011,344,000,000
Income loss before income taxes10,749,000,00011,012,000,00013,797,000,000
Income tax expense benefit2,956,000,0003,028,000,0003,725,000,000
Net income loss7,793,000,0007,984,000,00010,072,000,000
Year end total assets734,710,000,000670,505,000,000
Global markets
Net interest income fte5,690,000,0003,375,000,0001,678,000,000
Noninterest income18,406,000,00018,437,000,00017,855,000,000
Total revenue net of interest expense24,096,000,00021,812,000,00019,533,000,000
Provision for credit losses71,000,000-32,000,000-131,000,000
Compensation and benefits3,923,000,0003,553,000,0003,430,000,000
Other noninterest expense11,495,000,00010,373,000,0009,776,000,000
Total noninterest expense15,418,000,00013,926,000,00013,206,000,000
Income loss before income taxes8,607,000,0007,918,000,0006,458,000,000
Income tax expense benefit2,496,000,0002,296,000,0001,776,000,000
Net income loss6,111,000,0005,622,000,0004,682,000,000
Year end total assets1,032,858,000,000876,548,000,000
All other
Net interest income fte-102,000,00022,000,000339,000,000
Noninterest income-2,952,000,000-3,472,000,000-4,227,000,000
Total revenue net of interest expense-3,054,000,000-3,450,000,000-3,888,000,000
Provision for credit losses-23,000,000-21,000,000-53,000,000
Compensation and benefits000
Other noninterest expense575,000,0001,688,000,0004,043,000,000
Total noninterest expense575,000,0001,688,000,0004,043,000,000
Income loss before income taxes-3,606,000,000-5,117,000,000-7,878,000,000
Income tax expense benefit-3,296,000,000-3,462,000,000-3,889,000,000
Net income loss-310,000,000-1,655,000,000-3,989,000,000
Year end total assets269,329,000,000341,509,000,000
Total corporation fte
Net interest income fte60,705,000,00056,679,000,00057,498,000,000
Noninterest income53,001,000,00049,796,000,00045,838,000,000
Total revenue net of interest expense113,706,000,000106,475,000,000103,336,000,000
Provision for credit losses5,675,000,0005,821,000,0004,394,000,000
Compensation and benefits42,346,000,00040,182,000,00038,330,000,000
Other noninterest expense27,381,000,00026,630,000,00027,515,000,000
Total noninterest expense69,727,000,00066,812,000,00065,845,000,000
Income loss before income taxes38,304,000,00033,842,000,00033,097,000,000
Income tax expense benefit7,795,000,0006,869,000,0006,792,000,000
Net income loss30,509,000,00026,973,000,00026,305,000,000
Year end total assets3,411,738,000,0003,261,299,000,000

BAC quarterly income statement, balance sheet and cash flow

2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Period start2026-04-012026-01-012025-10-012025-07-012025-04-012025-01-01
Period end2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Fiscal quarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
Period typethree monthsthree monthsthree monthsthree monthsthree monthsthree months
Source accession0000070858-26-0003530000070858-26-0002490000070858-26-0001570000070858-26-0001570000070858-26-0001570000070858-26-000249
Source statement8-K dated July 14, 2026, Exhibit 99.1 second-quarter 2026 earnings press release (Selected Financial Data; Balance Sheet, Liquidity, and Capital Highlights) and Exhibit 99.3 Supplemental Information (Consolidated Statement of Income, Consolidated Balance Sheet, average balance and yield tables)Q1 2026 Form 10-Q: Consolidated Statement of Income, Consolidated Balance Sheet, Consolidated Statement of Cash Flows, Table 1 (Summary Income Statement and Selected Financial Data), Table 7 (Selected Quarterly Financial Data), Table 8 (Average Balances and Interest Rates - FTE Basis), regulatory capital tables and Note 17 (Business Segment Information)FY2025 Form 10-K Table 7 (Selected Quarterly Financial Data) and Consolidated Balance Sheet at December 31, 2025; efficiency ratio and fully taxable-equivalent net interest income from the Exhibit 99.3 Supplemental Information to the 8-K dated July 14, 2026FY2025 Form 10-K Table 7 (Selected Quarterly Financial Data); efficiency ratio and fully taxable-equivalent net interest income from the Exhibit 99.3 Supplemental Information to the 8-K dated July 14, 2026FY2025 Form 10-K Table 7 (Selected Quarterly Financial Data); period-end balance sheet, fully taxable-equivalent net interest income and efficiency ratio from the Exhibits 99.1 and 99.3 to the 8-K dated July 14, 2026 (prior-year comparative columns)Q1 2026 Form 10-Q prior-year comparative columns (Consolidated Statement of Income, Consolidated Statement of Cash Flows, Table 1, Table 7, Table 8 and Note 17) and FY2025 Form 10-K Table 7
From press release not 10qyes
Income statement
Interest income33,832,000,00033,359,000,000
Interest expense17,835,000,00017,614,000,000
Net interest income15,997,000,00015,745,000,00015,750,000,00015,233,000,00014,670,000,00014,443,000,000
Net interest income fte16,160,000,00015,907,000,00015,915,000,00015,387,000,00014,815,000,00014,588,000,000
Fees and commissions11,080,000,00010,549,000,000
Market making and similar activities4,177,000,0003,637,000,000
Other income loss304,000,000341,000,000
Total noninterest income15,561,000,00014,527,000,00012,617,000,00013,807,000,00012,773,000,00013,804,000,000
Total revenue net of interest expense31,558,000,00030,272,000,00028,367,000,00029,040,000,00027,443,000,00028,247,000,000
Provision for credit losses1,366,000,0001,337,000,0001,308,000,0001,295,000,0001,592,000,0001,480,000,000
Compensation and benefits10,987,000,00011,334,000,000
Information processing and communications1,924,000,0002,018,000,000
Occupancy and equipment1,914,000,0001,900,000,000
Product delivery and transaction related1,327,000,0001,126,000,000
Professional fees573,000,000583,000,000
Marketing736,000,000533,000,000
Other general operating1,166,000,0001,037,000,000
Total noninterest expense18,627,000,00018,531,000,00017,437,000,00017,337,000,00017,183,000,00017,770,000,000
Income before income taxes11,565,000,00010,404,000,0009,622,000,00010,408,000,0008,668,000,0008,997,000,000
Income tax expense2,491,000,0001,820,000,0001,975,000,0002,076,000,0001,498,000,0001,637,000,000
Net income9,074,000,0008,584,000,0007,647,000,0008,332,000,0007,170,000,0007,360,000,000
Preferred stock dividends326,000,000429,000,000
Net income applicable to common shareholders8,748,000,0008,155,000,0007,319,000,0007,903,000,0006,879,000,0006,954,000,000
Balance sheet
Cash and due from banks28,620,000,00027,125,000,000
Interest bearing deposits with federal reserve and other banks201,125,000,000215,354,000,000
Cash and cash equivalents229,745,000,000242,479,000,000266,011,000,000
Time deposits placed and other short term investments9,447,000,0007,386,000,000
Federal funds sold and securities borrowed or purchased under agreements to resell412,415,000,000383,264,000,000
Trading account assets358,748,000,000364,221,000,000
Derivative assets45,101,000,00048,315,000,000
Debt securities carried at fair value363,419,000,000386,389,000,000
Debt securities held to maturity505,799,000,000514,738,000,000
Total debt securities869,218,000,000901,127,000,000930,216,000,000
Loans and leases1,217,619,000,0001,205,035,000,000
Allowance for loan and lease losses-13,114,000,000-13,148,000,000-13,291,000,000
Loans and leases net of allowance1,204,505,000,0001,191,887,000,000
Premises and equipment net12,788,000,00012,539,000,000
Goodwill69,021,000,00069,021,000,000
Loans held for sale6,535,000,00010,944,000,000
Customer and other receivables106,269,000,00096,082,000,000
Other assets175,164,000,000168,921,000,000
Total assets3,498,956,000,0003,496,186,000,0003,411,738,000,0003,440,798,000,0003,349,039,000,000
Deposits in US offices noninterest bearing529,985,000,000529,194,000,000
Deposits in US offices interest bearing1,357,513,000,0001,372,969,000,000
Deposits in non US offices noninterest bearing14,358,000,00014,924,000,000
Deposits in non US offices interest bearing123,268,000,000120,576,000,000
Total deposits2,025,124,000,0002,037,663,000,0002,018,729,000,0002,011,613,000,000
Federal funds purchased and securities loaned or sold under agreements to repurchase332,218,000,000353,020,000,000
Trading account liabilities123,162,000,000129,833,000,000
Derivative liabilities42,577,000,00043,938,000,000
Short term borrowings59,979,000,00057,630,000,000
Accrued expenses and other liabilities274,939,000,000247,470,000,000
Long term debt339,863,000,000325,964,000,000317,816,000,000313,418,000,000
Total liabilities3,197,862,000,0003,195,518,000,0003,108,495,000,0003,142,777,000,000
Preferred stock24,996,000,00024,996,000,00023,495,000,000
Common stock and additional paid in capital13,611,000,00018,885,000,000
Retained earnings274,520,000,000267,765,000,000
Accumulated other comprehensive income loss-12,033,000,000-10,978,000,000
Total shareholders equity301,094,000,000300,668,000,000303,243,000,000298,021,000,000
Total common shareholders equity276,098,000,000275,672,000,000277,251,000,000274,526,000,000
Total loans and leases1,185,700,000,0001,147,056,000,000
Balance sheet notePeriod-end total assets at March 31, 2025 are taken from the segment information note of the Q1 2026 Form 10-Q; that filing's Consolidated Balance Sheet presents only March 31, 2026 and December 31, 2025.
Per share
Earnings per share basic1.221.120.991.060.910.91
Earnings per share diluted1.211.110.981.040.90.89
Dividends paid per common share0.280.280.280.280.260.26
Book value per common share39.3438.6638.4437.7236.9236.17
Tangible book value per common share29.3728.8428.7328.1627.4926.9
Average common shares issued and outstanding7,151,200,0007,256,100,0007,364,900,0007,466,000,0007,581,200,0007,677,900,000
Average diluted common shares issued and outstanding7,294,200,0007,417,500,0007,546,900,0007,627,100,0007,651,600,0007,770,800,000
Common shares issued and outstanding period end7,017,967,4607,129,908,0327,212,464,3457,436,679,485
Preferred shares issued and outstanding period end3,951,1643,951,1643,891,164
Bank metrics
Net interest yield fte %2.08%2.07%1.94%1.99%
Efficiency ratio %59.02%61.22%61.47%59.7%62.61%62.91%
Return on average assets %1.03%0.99%0.89%0.96%0.84%0.89%
Return on average common shareholders equity %12.71%11.95%10.45%11.4%10.12%10.37%
Return on average tangible common shareholders equity %17.03%16.0%13.97%15.29%13.61%13.97%
Allowance for loan and lease losses13,114,000,00013,148,000,00013,203,000,00013,291,000,000
Allowance for credit losses14,264,000,00014,309,000,00014,380,000,00014,361,000,00014,434,000,00014,366,000,000
Allowance for loan and lease losses to total loans %1.08%1.09%1.12%1.14%1.17%1.2%
Net charge offs1,412,000,0001,409,000,0001,287,000,0001,367,000,0001,525,000,0001,452,000,000
Net charge off ratio annualized %0.47%0.48%0.44%0.47%0.55%0.54%
Nonperforming loans and leases5,751,000,000
Nonperforming loans leases and foreclosed properties5,870,000,0005,933,000,0005,905,000,0005,470,000,0006,104,000,0006,201,000,000
Common equity tier 1 capital201,581,000,000199,695,000,000201,410,000,000201,200,000,000
Risk weighted assets standardized1,793,000,000,000
Risk weighted assets advanced1,613,000,000,000
Cet1 capital ratio standardized %11.2%11.2%11.4%11.6%11.5%11.8%
Cet1 capital ratio advanced %12.5%12.5%13.0%
Total capital ratio standardized %14.7%14.5%14.7%15.0%14.8%15.0%
Tier 1 leverage ratio %6.6%6.5%6.8%6.8%6.7%6.8%
Supplementary leverage ratio %5.5%5.5%5.7%5.8%5.7%5.7%
Tangible equity ratio %6.7%6.7%
Tangible common equity ratio %6.0%6.0%
Return on average shareholders equity %11.51%
Return on average tangible shareholders equity %14.98%
Dividend payout %24.82%
Allowance for loan and lease losses to nonperforming loans %225%
Tier 1 capital ratio standardized %12.6%12.8%13.1%12.9%13.0%
Average balances
Total loans and leases1,216,519,000,0001,189,528,000,0001,170,895,000,0001,153,035,000,0001,128,453,000,0001,093,738,000,000
Total assets3,531,568,000,0003,512,490,000,0003,427,791,000,0003,433,447,000,0003,430,280,000,0003,349,011,000,000
Total deposits2,022,950,000,0002,016,929,000,0002,012,523,000,0001,991,434,000,0001,973,761,000,0001,958,332,000,000
Total earning assets3,106,726,000,000
Total debt securities880,724,000,000
Total cash and cash equivalents281,356,000,000
Common shareholders equity275,988,000,000276,753,000,000277,881,000,000275,149,000,000272,756,000,000271,880,000,000
Total shareholders equity300,984,000,000302,501,000,000303,873,000,000300,381,000,000295,329,000,000294,187,000,000
Long term debt253,997,000,000245,470,000,000247,425,000,000249,104,000,000241,036,000,000
Segments fte
Consumer banking
Total revenue net of interest expense11,336,000,00011,049,000,00010,813,000,00010,493,000,000
Provision for credit losses1,160,000,0001,132,000,0001,282,000,0001,292,000,000
Total noninterest expense5,801,000,0005,837,000,0005,567,000,0005,826,000,000
Income loss before income taxes4,375,000,0004,080,000,0003,964,000,0003,375,000,000
Income tax expense benefit1,094,000,0001,020,000,000991,000,000844,000,000
Net income loss3,281,000,0003,060,000,0002,973,000,0002,531,000,000
Global wealth and investment management
Total revenue net of interest expense6,871,000,0006,712,000,0005,937,000,0006,016,000,000
Provision for credit losses11,000,0002,000,00020,000,00014,000,000
Total noninterest expense4,976,000,0004,938,000,0004,593,000,0004,659,000,000
Income loss before income taxes1,884,000,0001,772,000,0001,324,000,0001,343,000,000
Income tax expense benefit471,000,000443,000,000331,000,000336,000,000
Net income loss1,413,000,0001,329,000,000993,000,0001,007,000,000
Global banking
Total revenue net of interest expense6,236,000,0006,287,000,0005,689,000,0005,992,000,000
Provision for credit losses215,000,000185,000,000277,000,000154,000,000
Total noninterest expense3,199,000,0003,223,000,0003,070,000,0003,184,000,000
Income loss before income taxes2,822,000,0002,879,000,0002,342,000,0002,654,000,000
Income tax expense benefit776,000,000792,000,000644,000,000730,000,000
Net income loss2,046,000,0002,087,000,0001,698,000,0001,924,000,000
Global markets
Total revenue net of interest expense8,022,000,0007,109,000,0005,982,000,0006,585,000,000
Provision for credit losses-11,000,00027,000,00022,000,00028,000,000
Total noninterest expense4,484,000,0004,370,000,0003,806,000,0003,811,000,000
Income loss before income taxes3,549,000,0002,712,000,0002,154,000,0002,746,000,000
Income tax expense benefit923,000,000705,000,000625,000,000796,000,000
Net income loss2,626,000,0002,007,000,0001,529,000,0001,950,000,000
All other
Total revenue net of interest expense-744,000,000-723,000,000-833,000,000-694,000,000
Provision for credit losses-9,000,000-9,000,000-9,000,000-8,000,000
Total noninterest expense167,000,000163,000,000147,000,000290,000,000
Income loss before income taxes-902,000,000-877,000,000-971,000,000-976,000,000
Income tax expense benefit-610,000,000-978,000,000-948,000,000-924,000,000
Net income loss-292,000,000101,000,000-23,000,000-52,000,000
Total corporation fte
Total revenue net of interest expense30,434,000,00028,392,000,000
Provision for credit losses1,337,000,0001,480,000,000
Total noninterest expense18,531,000,00017,770,000,000
Income loss before income taxes10,566,000,0009,142,000,000
Income tax expense benefit1,982,000,0001,782,000,000
Net income loss8,584,000,0007,360,000,000
Cash flow
Net income8,584,000,0007,360,000,000
Provision for credit losses1,337,000,0001,480,000,000
Depreciation and amortization605,000,000565,000,000
Deferred income taxes101,000,000
Amortization of stock based compensation1,032,000,000
Net cash provided by used in operating activities41,770,000,000-2,184,000,000
Net cash used in investing activities-66,451,000,000-89,010,000,000
Net cash provided by financing activities35,915,000,00072,832,000,000
Effect of exchange rate changes on cash and cash equivalents-600,000,000
Net increase decrease in cash and cash equivalents10,634,000,000
Cash and cash equivalents end of period242,479,000,000273,579,000,000
Proceeds from issuance of long term debt35,520,000,000
Retirement of long term debt-24,777,000,000
Common stock repurchased-7,240,000,000-4,521,000,000
Cash dividends paid-2,626,000,000-2,552,000,000
Source accessions0000070858-26-000157; 0000070858-26-0003530000070858-26-000157; 0000070858-26-0003530000070858-26-000157; 0000070858-26-0003530000070858-26-000249; 0000070858-26-000157
Income statement detail
Interest income34,066,000,000
Interest expense19,623,000,000
Net interest income14,443,000,000
Net interest income fte14,588,000,000
Fees and commissions9,415,000,000
Market making and similar activities3,584,000,000
Other income loss805,000,000
Total noninterest income13,804,000,000
Total revenue net of interest expense28,247,000,000
Provision for credit losses1,480,000,000
Compensation and benefits10,889,000,000
Information processing and communications1,894,000,000
Occupancy and equipment1,856,000,000
Product delivery and transaction related914,000,000
Professional fees652,000,000
Marketing506,000,000
Other general operating1,059,000,000
Total noninterest expense17,770,000,000
Income before income taxes8,997,000,000
Income tax expense1,637,000,000
Net income7,360,000,000
Preferred stock dividends406,000,000
Net income applicable to common shareholders6,954,000,000

BAC year-to-date income statement and cash flow

2026-06-302025-06-30
Period end2026-06-302025-06-30
Period typesix months ended June 30, 2026six months ended June 30, 2025
Source accession0000070858-26-0003530000070858-26-000353
Source statement8-K dated July 14, 2026, Exhibit 99.1 Selected Financial Data and Exhibit 99.3 Supplemental Information8-K dated July 14, 2026, Exhibit 99.1 Selected Financial Data and Exhibit 99.3 Supplemental Information (prior-year comparative columns)
Income statement
Interest income67,191,000,00068,939,000,000
Interest expense35,449,000,00039,826,000,000
Net interest income31,742,000,00029,113,000,000
Fees and commissions21,629,000,00018,884,000,000
Market making and similar activities7,814,000,0006,737,000,000
Other income loss645,000,000956,000,000
Total noninterest income30,088,000,00026,577,000,000
Total revenue net of interest expense61,830,000,00055,690,000,000
Provision for credit losses2,703,000,0003,072,000,000
Compensation and benefits22,321,000,00021,221,000,000
Information processing and communications3,942,000,0003,713,000,000
Occupancy and equipment3,814,000,0003,692,000,000
Product delivery and transaction related2,453,000,0001,888,000,000
Professional fees1,156,000,0001,292,000,000
Marketing1,269,000,0001,069,000,000
Other general operating2,203,000,0002,078,000,000
Total noninterest expense37,158,000,00034,953,000,000
Income before income taxes21,969,000,00017,665,000,000
Income tax expense4,311,000,0003,135,000,000
Net income17,658,000,00014,530,000,000
Preferred stock dividends755,000,000697,000,000
Net income applicable to common shareholders16,903,000,00013,833,000,000
Per share
Earnings per share basic2.351.81
Earnings per share diluted2.311.79
Dividends paid per common share0.560.52
Average common shares issued and outstanding7,203,500,0007,629,500,000
Average diluted common shares issued and outstanding7,356,200,0007,711,200,000
Bank metrics
Efficiency ratio %60.1%62.76%
Return on average assets %1.01%0.86%
Return on average common shareholders equity %12.33%10.24%
Return on average tangible common shareholders equity %16.52%13.79%
Net charge offs2,821,000,0002,977,000,000
Net charge off ratio %0.47%0.54%

Adjustments

Value
Splits appliednone
Splits noteBank of America has had no stock split in the periods covered, so no per-share figure has been restated.
ADR ration/a
ADR noteBank of America Corporation common stock is a U.S. domestic listing, not an ADR, so no ADR ratio applies.
FXNone. The company reports in U.S. dollars and every figure here is as reported; no currency conversion was applied.

Notes

  • Coverage: the FY2025 Form 10-K (accession 0000070858-26-000157, filed February 25, 2026) presents three years of income statement and cash flow (2025, 2024, 2023) and two years of balance sheet (December 31, 2025 and 2024). The Q1 2026 Form 10-Q (accession 0000070858-26-000249, filed May 1, 2026) supplies the March 31, 2026 quarter and its March 31, 2025 comparative. The 8-K dated July 14, 2026 (accession 0000070858-26-000353) supplies the June 30, 2026 quarter.
  • Second-quarter 2026 figures come from the earnings press release and supplemental information filed as exhibits to the 8-K dated July 14, 2026, not from a Form 10-Q; the Q2 2026 10-Q had not been filed. Those exhibits state that current-period information is preliminary and that the June 30, 2026 regulatory capital ratios are preliminary.
  • Restatement honored: effective in the fourth quarter of 2025 the company changed its accounting methods for tax-related affordable housing and renewable energy equity investments and applied the change retrospectively. The 2024 and 2023 columns of the FY2025 10-K - and the 2025 quarterly columns - are the revised figures, and those are the figures reported here. They differ from the amounts originally reported in the 2023 and 2024 Forms 10-K and in the 2025 Forms 10-Q. The main effect is a reclassification between income statement lines that nets tax credits and benefits against the investment expense.
  • Total revenue in this file is 'total revenue, net of interest expense' - net interest income plus noninterest income - which is how the company presents the top line. Interest income and interest expense are shown separately so the gross figures are visible.
  • Segment results are presented on a fully taxable-equivalent (FTE) basis, exactly as the company reports them, so segment net interest income and total revenue exceed the consolidated income statement amounts by the FTE adjustment: $609 million in 2025, $619 million in 2024 and $567 million in 2023, and $163 million in the June 2026 quarter, $162 million in the March 2026 quarter and $145 million in the March 2025 quarter. Segment net income equals consolidated net income; the FTE adjustment is offset in income tax expense.
  • Net interest income on an FTE basis and net interest yield are taken from the average balance sheet and interest rate tables: $60,705 million and 2.01% for 2025, $56,679 million and 1.95% for 2024, and $57,498 million and 2.08% for 2023.
  • Quarterly net interest income on a fully taxable-equivalent basis is $16,160 million for the June 2026 quarter, $15,907 million for the March 2026 quarter and $14,815 million for the June 2025 quarter, as printed in the average balance and yield tables. For the December 2025 and September 2025 quarters the same measure is the reported net interest income plus the fully taxable-equivalent adjustment the July 14, 2026 earnings release states for those quarters ($165 million and $154 million), giving $15,915 million and $15,387 million.
  • The efficiency ratio is noninterest expense divided by total revenue, net of interest expense, as defined in the filings. The FY2025 10-K states 61.65% for 2025 and 63.12% for 2024 but does not state a 2023 figure; the 64.07% shown for 2023 is that same calculation applied to the 2023 income statement figures in the 10-K ($65,845 million of noninterest expense on $102,769 million of revenue).
  • The FY2025 10-K balance sheet shows only December 31, 2025 and 2024, so no year-end 2023 balance sheet detail is reported. Total shareholders' equity of $290,209 million and preferred stock of $28,397 million at December 31, 2023 are taken from the Consolidated Statement of Changes in Shareholders' Equity in that filing; common shareholders' equity of $261,812 million is the difference between them, and it is consistent with the $33.16 book value per common share and 7,895.5 million shares outstanding the filing reports for that date.
  • Allowance for credit losses includes both the allowance for loan and lease losses and the reserve for unfunded lending commitments; the allowance for loan and lease losses is the balance sheet contra-asset. Allowance ratios, net charge-off ratios and nonperforming balances exclude loans accounted for under the fair value option, as the filings state.
  • Regulatory capital ratios are shown under the Standardized approach unless labelled advanced. Risk-weighted assets and supplementary leverage exposure are printed in billions in the capital tables and have been converted to actual dollars on that basis. The filings note that previously filed regulatory capital ratios were not revised for the 2025 change in accounting for tax-related equity investments.
  • Where the SEC's structured XBRL company facts were checked against the filings for total assets, shareholders' equity, net income, diluted earnings per share, net interest income, deposits and diluted share counts, they agreed with the FY2025 10-K and the Q1 2026 10-Q on every figure used here, including the retrospectively revised 2023 and 2024 amounts. The filings were used as the source in all cases.
  • Cash flow presentation for a bank differs from an industrial company: there is no meaningful capital expenditure line, and operating cash flow swings with trading, loans held-for-sale and other working-capital style balances. Selected cash flow lines are reported rather than the full statement.

Uncertainties

  • Second-quarter 2026 figures are drawn from an earnings press release and its supplemental information, which the company itself labels preliminary and which have not been through the review that accompanies a Form 10-Q. They may be adjusted when the Q2 2026 Form 10-Q is filed.
  • The 2023 efficiency ratio of 64.07% is a calculation, not a figure printed in the FY2025 10-K, which states the ratio only for 2025 and 2024.
  • Common shareholders' equity of $261,812 million at December 31, 2023 is the arithmetic difference between total shareholders' equity and preferred stock as shown on the FY2025 10-K's statement of changes in shareholders' equity; the filing does not print that subtotal for that date.
  • Year-end 2023 balance sheet detail (loans, deposits, total assets, long-term debt and the rest) is not reported because the FY2025 10-K's balance sheet covers only 2025 and 2024, and no earlier annual report was consulted. Average balances for 2023 are available and are included.
  • Period-end balance sheet detail is not reported for the September 30, 2025 and March 31, 2025 quarters beyond total assets at March 31, 2025, because neither the FY2025 10-K nor the Q1 2026 10-Q presents a balance sheet at those dates.
  • For the fourth-quarter 2025, third-quarter 2025 and second-quarter 2025 records, most figures come from the quarterly selected financial data tables in the FY2025 10-K, while the efficiency ratio and fully taxable-equivalent net interest income for those quarters come from the supplemental information filed with the July 14, 2026 8-K. Each record lists all filings used.
  • Long-term debt at June 30, 2026 of $339,863 million is taken from the supplemental consolidated balance sheet in the July 14, 2026 8-K; the summary highlights page of the same release rounds it to $339.9 billion.

Company details

Value
NameBank Of America Corp /De/
TickerBAC
CIK0000070858
ExchangeNYSE
StateNorth Carolina
IncorporationDelaware
SIC6021
OfficeFinance
IndustryNational Commercial Banks

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ1
TagFY26Q1
Period end2026-03-31
Form10-Q
Accession0000070858-26-000249
Fiscal year end1231
Sourcefacts

FAQ · Bank of America financial statements

How much did Bank of America earn in Q1 FY2026?

Bank of America reported net income of $8.58 billion for Q1 FY2026, the quarter ended March 31, 2026, up 16.6% from $7.36 billion a year earlier. That worked out to $1.11 per diluted share.

What was Bank of America's revenue in Q1 FY2026?

Bank of America reported revenue, net of interest expense, of $30.27 billion for Q1 FY2026, the quarter ended March 31, 2026. That is up 7.2% from $28.25 billion in the same quarter a year earlier.

How much net interest income did Bank of America make in Q1 FY2026?

Bank of America's net interest income was $15.74 billion in Q1 FY2026, up 9.0% from $14.44 billion a year earlier, reflecting deposit and loan growth, Global Markets activity and fixed-asset repricing partly offset by lower interest rates.

What was Bank of America's efficiency ratio and CET1 ratio in Q1 FY2026?

Bank of America's efficiency ratio was 61.2% in Q1 FY2026, down 1.7 points from a year earlier, meaning that share of revenue went to noninterest expense. Its Standardized common equity tier 1 capital ratio stood at 11.2% at March 31, 2026, down 0.6 points.

Where can I get Bank of America Corporation (BAC) financial data in machine-readable form?

Ticker Scout publishes Bank of America Corporation's financial statements as JSON at https://tickerscout.ai/bac/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/bac/narrative.md and https://tickerscout.ai/bac/events.md. Bank of America Corporation's SEC CIK is 0000070858. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

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How this page was built

This page was built from three of Bank of America Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names seven such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Bank of America Corporation's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.