← Bank of America Corporation (BAC)

Bank of America Corporation (BAC) Financials

Q1 FY2026, built from SEC filings. Accession numbers are cited throughout so every figure can be checked against sec.gov. The same data is published as JSON at financials.json for agents that prefer to fetch it directly.

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About this file

Ticker	BAC
CIK	0000070858
Company	Bank of America Corporation
Business type	bank
Schema template	bank / bank holding company
Schema rationale	Bank 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 currency	USD
Converted to USD	no
Units	actual dollars (not millions)
Units handling note	Every 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.

Annual

	FY2025	FY2024	FY2023
Fiscal year	2025	2024	2023
Period end	2025-12-31	2024-12-31	2023-12-31
Period type	fiscal year	fiscal year	fiscal year
Source accession	0000070858-26-000157	0000070858-26-000157	0000070858-26-000157
Source statement	FY2025 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 23	FY2025 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 income	138,566,000,000	146,607,000,000	130,262,000,000
Interest expense	78,470,000,000	90,547,000,000	73,331,000,000
Net interest income	60,096,000,000	56,060,000,000	56,931,000,000
Net interest income fte	60,705,000,000	56,679,000,000	57,498,000,000
Fees and commissions	39,402,000,000	36,291,000,000	32,009,000,000
Market making and similar activities	12,014,000,000	12,967,000,000	12,732,000,000
Other income loss	1,585,000,000	538,000,000	1,097,000,000
Total noninterest income	53,001,000,000	49,796,000,000	45,838,000,000
Total revenue net of interest expense	113,097,000,000	105,856,000,000	102,769,000,000
Provision for credit losses	5,675,000,000	5,821,000,000	4,394,000,000
Compensation and benefits	42,346,000,000	40,182,000,000	38,330,000,000
Information processing and communications	7,453,000,000	7,231,000,000	6,707,000,000
Occupancy and equipment	7,448,000,000	7,289,000,000	7,164,000,000
Product delivery and transaction related	3,924,000,000	3,494,000,000	3,608,000,000
Professional fees	2,580,000,000	2,669,000,000	2,159,000,000
Marketing	2,204,000,000	1,956,000,000	1,927,000,000
Other general operating	3,772,000,000	3,991,000,000	5,950,000,000
Total noninterest expense	69,727,000,000	66,812,000,000	65,845,000,000
Income before income taxes	37,695,000,000	33,223,000,000	32,530,000,000
Income tax expense	7,186,000,000	6,250,000,000	6,225,000,000
Net income	30,509,000,000	26,973,000,000	26,305,000,000
Preferred stock dividends	1,454,000,000	1,629,000,000	1,649,000,000
Net income applicable to common shareholders	29,055,000,000	25,344,000,000	24,656,000,000
Balance sheet
Cash and due from banks	28,595,000,000	26,003,000,000
Interest bearing deposits with federal reserve and other banks	203,250,000,000	264,111,000,000
Cash and cash equivalents	231,845,000,000	290,114,000,000
Time deposits placed and other short term investments	7,474,000,000	6,372,000,000
Federal funds sold and securities borrowed or purchased under agreements to resell	316,578,000,000	274,709,000,000
Trading account assets	366,954,000,000	314,460,000,000
Derivative assets	40,881,000,000	40,948,000,000
Debt securities carried at fair value	402,975,000,000	358,607,000,000
Debt securities held to maturity	522,660,000,000	558,677,000,000
Total debt securities	925,635,000,000	917,284,000,000
Loans and leases	1,185,700,000,000	1,095,835,000,000
Allowance for loan and lease losses	-13,203,000,000	-13,240,000,000
Loans and leases net of allowance	1,172,497,000,000	1,082,595,000,000
Premises and equipment net	12,516,000,000	12,168,000,000
Goodwill	69,021,000,000	69,021,000,000
Loans held for sale	5,165,000,000	9,545,000,000
Customer and other receivables	98,186,000,000	82,247,000,000
Other assets	164,986,000,000	161,836,000,000
Total assets	3,411,738,000,000	3,261,299,000,000
Deposits in US offices noninterest bearing	517,834,000,000	507,561,000,000
Deposits in US offices interest bearing	1,361,177,000,000	1,329,014,000,000
Deposits in non US offices noninterest bearing	14,216,000,000	16,297,000,000
Deposits in non US offices interest bearing	125,502,000,000	112,595,000,000
Total deposits	2,018,729,000,000	1,965,467,000,000
Federal funds purchased and securities loaned or sold under agreements to repurchase	344,716,000,000	331,758,000,000
Trading account liabilities	105,996,000,000	92,543,000,000
Derivative liabilities	42,076,000,000	39,353,000,000
Short term borrowings	48,088,000,000	43,391,000,000
Accrued expenses and other liabilities	231,074,000,000	211,545,000,000
Long term debt	317,816,000,000	283,279,000,000
Total liabilities	3,108,495,000,000	2,967,336,000,000
Preferred stock	25,992,000,000	23,159,000,000	28,397,000,000
Common stock and additional paid in capital	26,084,000,000	45,336,000,000
Retained earnings	261,693,000,000	240,753,000,000
Accumulated other comprehensive income loss	-10,526,000,000	-15,285,000,000
Total shareholders equity	303,243,000,000	293,963,000,000	290,209,000,000
Total common shareholders equity	277,251,000,000	270,804,000,000	261,812,000,000
Balance sheet note			Only 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 income	30,509,000,000	26,973,000,000	26,305,000,000
Provision for credit losses	5,675,000,000	5,821,000,000	4,394,000,000
Losses on sales of debt securities	20,000,000	29,000,000	405,000,000
Depreciation and amortization	2,314,000,000	2,189,000,000	2,057,000,000
Net accretion of discount premium on debt securities	-859,000,000	-330,000,000	-397,000,000
Deferred income taxes	295,000,000	-1,127,000,000	-1,012,000,000
Amortization of stock based compensation	4,001,000,000	3,433,000,000	2,942,000,000
Net change in trading and derivative assets liabilities	-35,027,000,000	-45,504,000,000	44,391,000,000
Net change in loans held for sale	4,215,000,000	-4,321,000,000	641,000,000
Net change in other assets	-19,584,000,000	-4,515,000,000	-24,304,000,000
Net change in accrued expenses and other liabilities	17,315,000,000	1,025,000,000	-18,148,000,000
Other operating activities net	3,739,000,000	7,522,000,000	7,708,000,000
Net cash provided by used in operating activities	12,613,000,000	-8,805,000,000	44,982,000,000
Net cash used in investing activities	-145,157,000,000	-90,693,000,000	-35,387,000,000
Net cash provided by financing activities	69,948,000,000	60,369,000,000	93,345,000,000
Effect of exchange rate changes on cash and cash equivalents	4,327,000,000	-3,830,000,000	-70,000,000
Net increase decrease in cash and cash equivalents	-58,269,000,000	-42,959,000,000	102,870,000,000
Cash and cash equivalents end of period	231,845,000,000	290,114,000,000	333,073,000,000
Proceeds from issuance of long term debt	99,867,000,000	56,683,000,000	65,396,000,000
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 paid	79,065,000,000	89,687,000,000	69,604,000,000
Per share
Earnings per share basic	3.86	3.23	3.07
Earnings per share diluted	3.81	3.19	3.05
Dividends paid per common share	1.08	1.0	0.92
Book value per common share	38.44	35.58	33.16
Tangible book value per common share	28.73	26.37	24.28
Average common shares issued and outstanding	7,521,900,000	7,855,500,000	8,028,600,000
Average diluted common shares issued and outstanding	7,680,900,000	7,935,800,000	8,080,500,000
Common shares issued and outstanding period end	7,212,464,345	7,610,862,311	7,895,500,000
Preferred shares issued and outstanding period end	3,991,164	3,877,917
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 losses	13,203,000,000	13,240,000,000
Allowance for credit losses	14,380,000,000	14,336,000,000	14,551,000,000
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 offs	5,631,000,000	6,031,000,000	3,799,000,000
Net charge off ratio %	0.5%	0.57%	0.36%
Nonperforming loans leases and foreclosed properties	5,905,000,000	6,120,000,000	5,630,000,000
Common equity tier 1 capital	201,410,000,000	201,083,000,000
Risk weighted assets standardized	1,773,000,000,000	1,696,000,000,000
Risk weighted assets advanced	1,570,000,000,000	1,490,000,000,000
Supplementary leverage exposure	3,986,000,000,000	3,818,000,000,000
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 leases	1,136,787,000,000	1,060,081,000,000	1,046,256,000,000
Total assets	3,410,412,000,000	3,282,045,000,000	3,152,461,000,000
Total deposits	1,984,182,000,000	1,924,106,000,000	1,887,541,000,000
Long term debt	245,775,000,000	246,081,000,000	248,853,000,000
Common shareholders equity	274,435,000,000	265,980,000,000	253,464,000,000
Total shareholders equity	298,474,000,000	292,467,000,000	281,861,000,000
Total earning assets	3,024,272,000,000	2,898,868,000,000	2,753,600,000,000
Capital returns
Common stock dividends declared	8,083,000,000	7,822,000,000	7,374,000,000
Preferred stock dividends declared	1,445,000,000	1,613,000,000	1,649,000,000
Cash dividends paid total	9,563,000,000	9,503,000,000	9,087,000,000
Common stock repurchased	21,433,000,000	13,104,000,000	4,576,000,000
Segments fte
Consumer banking
Net interest income fte	35,309,000,000	33,078,000,000	33,689,000,000
Noninterest income	8,364,000,000	8,358,000,000	8,342,000,000
Total revenue net of interest expense	43,673,000,000	41,436,000,000	42,031,000,000
Provision for credit losses	4,649,000,000	4,987,000,000	5,158,000,000
Compensation and benefits	6,063,000,000	5,896,000,000	5,983,000,000
Other noninterest expense	16,634,000,000	16,208,000,000	15,433,000,000
Total noninterest expense	22,697,000,000	22,104,000,000	21,416,000,000
Income loss before income taxes	16,327,000,000	14,345,000,000	15,457,000,000
Income tax expense benefit	4,082,000,000	3,586,000,000	3,864,000,000
Net income loss	12,245,000,000	10,759,000,000	11,593,000,000
Year end total assets	1,039,346,000,000	1,034,370,000,000
Global wealth and investment management
Net interest income fte	7,197,000,000	6,969,000,000	7,147,000,000
Noninterest income	17,686,000,000	15,960,000,000	13,958,000,000
Total revenue net of interest expense	24,883,000,000	22,929,000,000	21,105,000,000
Provision for credit losses	35,000,000	4,000,000	6,000,000
Compensation and benefits	12,064,000,000	11,126,000,000	10,120,000,000
Other noninterest expense	6,557,000,000	6,115,000,000	5,716,000,000
Total noninterest expense	18,621,000,000	17,241,000,000	15,836,000,000
Income loss before income taxes	6,227,000,000	5,684,000,000	5,263,000,000
Income tax expense benefit	1,557,000,000	1,421,000,000	1,316,000,000
Net income loss	4,670,000,000	4,263,000,000	3,947,000,000
Year end total assets	335,495,000,000	338,367,000,000
Global banking
Net interest income fte	12,611,000,000	13,235,000,000	14,645,000,000
Noninterest income	11,497,000,000	10,513,000,000	9,910,000,000
Total revenue net of interest expense	24,108,000,000	23,748,000,000	24,555,000,000
Provision for credit losses	943,000,000	883,000,000	-586,000,000
Compensation and benefits	4,670,000,000	4,521,000,000	4,345,000,000
Other noninterest expense	7,746,000,000	7,332,000,000	6,999,000,000
Total noninterest expense	12,416,000,000	11,853,000,000	11,344,000,000
Income loss before income taxes	10,749,000,000	11,012,000,000	13,797,000,000
Income tax expense benefit	2,956,000,000	3,028,000,000	3,725,000,000
Net income loss	7,793,000,000	7,984,000,000	10,072,000,000
Year end total assets	734,710,000,000	670,505,000,000
Global markets
Net interest income fte	5,690,000,000	3,375,000,000	1,678,000,000
Noninterest income	18,406,000,000	18,437,000,000	17,855,000,000
Total revenue net of interest expense	24,096,000,000	21,812,000,000	19,533,000,000
Provision for credit losses	71,000,000	-32,000,000	-131,000,000
Compensation and benefits	3,923,000,000	3,553,000,000	3,430,000,000
Other noninterest expense	11,495,000,000	10,373,000,000	9,776,000,000
Total noninterest expense	15,418,000,000	13,926,000,000	13,206,000,000
Income loss before income taxes	8,607,000,000	7,918,000,000	6,458,000,000
Income tax expense benefit	2,496,000,000	2,296,000,000	1,776,000,000
Net income loss	6,111,000,000	5,622,000,000	4,682,000,000
Year end total assets	1,032,858,000,000	876,548,000,000
All other
Net interest income fte	-102,000,000	22,000,000	339,000,000
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 benefits	0	0	0
Other noninterest expense	575,000,000	1,688,000,000	4,043,000,000
Total noninterest expense	575,000,000	1,688,000,000	4,043,000,000
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 assets	269,329,000,000	341,509,000,000
Total corporation fte
Net interest income fte	60,705,000,000	56,679,000,000	57,498,000,000
Noninterest income	53,001,000,000	49,796,000,000	45,838,000,000
Total revenue net of interest expense	113,706,000,000	106,475,000,000	103,336,000,000
Provision for credit losses	5,675,000,000	5,821,000,000	4,394,000,000
Compensation and benefits	42,346,000,000	40,182,000,000	38,330,000,000
Other noninterest expense	27,381,000,000	26,630,000,000	27,515,000,000
Total noninterest expense	69,727,000,000	66,812,000,000	65,845,000,000
Income loss before income taxes	38,304,000,000	33,842,000,000	33,097,000,000
Income tax expense benefit	7,795,000,000	6,869,000,000	6,792,000,000
Net income loss	30,509,000,000	26,973,000,000	26,305,000,000
Year end total assets	3,411,738,000,000	3,261,299,000,000

Quarterly

	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Period end	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Fiscal quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025
Period type	three months	three months	three months	three months	three months	three months
Source accession	0000070858-26-000353	0000070858-26-000249	0000070858-26-000157	0000070858-26-000157	0000070858-26-000157	0000070858-26-000249
Source statement	8-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, 2026	FY2025 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, 2026	FY2025 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 10q	yes
Income statement
Interest income	33,832,000,000	33,359,000,000
Interest expense	17,835,000,000	17,614,000,000
Net interest income	15,997,000,000	15,745,000,000	15,750,000,000	15,233,000,000	14,670,000,000	14,443,000,000
Net interest income fte	16,160,000,000	15,907,000,000	15,915,000,000	15,387,000,000	14,815,000,000	14,588,000,000
Fees and commissions	11,080,000,000	10,549,000,000
Market making and similar activities	4,177,000,000	3,637,000,000
Other income loss	304,000,000	341,000,000
Total noninterest income	15,561,000,000	14,527,000,000	12,617,000,000	13,807,000,000	12,773,000,000	13,804,000,000
Total revenue net of interest expense	31,558,000,000	30,272,000,000	28,367,000,000	29,040,000,000	27,443,000,000	28,247,000,000
Provision for credit losses	1,366,000,000	1,337,000,000	1,308,000,000	1,295,000,000	1,592,000,000	1,480,000,000
Compensation and benefits	10,987,000,000	11,334,000,000
Information processing and communications	1,924,000,000	2,018,000,000
Occupancy and equipment	1,914,000,000	1,900,000,000
Product delivery and transaction related	1,327,000,000	1,126,000,000
Professional fees	573,000,000	583,000,000
Marketing	736,000,000	533,000,000
Other general operating	1,166,000,000	1,037,000,000
Total noninterest expense	18,627,000,000	18,531,000,000	17,437,000,000	17,337,000,000	17,183,000,000	17,770,000,000
Income before income taxes	11,565,000,000	10,404,000,000	9,622,000,000	10,408,000,000	8,668,000,000	8,997,000,000
Income tax expense	2,491,000,000	1,820,000,000	1,975,000,000	2,076,000,000	1,498,000,000	1,637,000,000
Net income	9,074,000,000	8,584,000,000	7,647,000,000	8,332,000,000	7,170,000,000	7,360,000,000
Preferred stock dividends	326,000,000	429,000,000
Net income applicable to common shareholders	8,748,000,000	8,155,000,000	7,319,000,000	7,903,000,000	6,879,000,000	6,954,000,000
Balance sheet
Cash and due from banks	28,620,000,000	27,125,000,000
Interest bearing deposits with federal reserve and other banks	201,125,000,000	215,354,000,000
Cash and cash equivalents	229,745,000,000	242,479,000,000			266,011,000,000
Time deposits placed and other short term investments	9,447,000,000	7,386,000,000
Federal funds sold and securities borrowed or purchased under agreements to resell	412,415,000,000	383,264,000,000
Trading account assets	358,748,000,000	364,221,000,000
Derivative assets	45,101,000,000	48,315,000,000
Debt securities carried at fair value	363,419,000,000	386,389,000,000
Debt securities held to maturity	505,799,000,000	514,738,000,000
Total debt securities	869,218,000,000	901,127,000,000			930,216,000,000
Loans and leases	1,217,619,000,000	1,205,035,000,000
Allowance for loan and lease losses	-13,114,000,000	-13,148,000,000			-13,291,000,000
Loans and leases net of allowance	1,204,505,000,000	1,191,887,000,000
Premises and equipment net	12,788,000,000	12,539,000,000
Goodwill	69,021,000,000	69,021,000,000
Loans held for sale	6,535,000,000	10,944,000,000
Customer and other receivables	106,269,000,000	96,082,000,000
Other assets	175,164,000,000	168,921,000,000
Total assets	3,498,956,000,000	3,496,186,000,000	3,411,738,000,000		3,440,798,000,000	3,349,039,000,000
Deposits in US offices noninterest bearing	529,985,000,000	529,194,000,000
Deposits in US offices interest bearing	1,357,513,000,000	1,372,969,000,000
Deposits in non US offices noninterest bearing	14,358,000,000	14,924,000,000
Deposits in non US offices interest bearing	123,268,000,000	120,576,000,000
Total deposits	2,025,124,000,000	2,037,663,000,000	2,018,729,000,000		2,011,613,000,000
Federal funds purchased and securities loaned or sold under agreements to repurchase	332,218,000,000	353,020,000,000
Trading account liabilities	123,162,000,000	129,833,000,000
Derivative liabilities	42,577,000,000	43,938,000,000
Short term borrowings	59,979,000,000	57,630,000,000
Accrued expenses and other liabilities	274,939,000,000	247,470,000,000
Long term debt	339,863,000,000	325,964,000,000	317,816,000,000		313,418,000,000
Total liabilities	3,197,862,000,000	3,195,518,000,000	3,108,495,000,000		3,142,777,000,000
Preferred stock	24,996,000,000	24,996,000,000			23,495,000,000
Common stock and additional paid in capital	13,611,000,000	18,885,000,000
Retained earnings	274,520,000,000	267,765,000,000
Accumulated other comprehensive income loss	-12,033,000,000	-10,978,000,000
Total shareholders equity	301,094,000,000	300,668,000,000	303,243,000,000		298,021,000,000
Total common shareholders equity	276,098,000,000	275,672,000,000	277,251,000,000		274,526,000,000
Total loans and leases			1,185,700,000,000		1,147,056,000,000
Balance sheet note						Period-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 basic	1.22	1.12	0.99	1.06	0.91	0.91
Earnings per share diluted	1.21	1.11	0.98	1.04	0.9	0.89
Dividends paid per common share	0.28	0.28	0.28	0.28	0.26	0.26
Book value per common share	39.34	38.66	38.44	37.72	36.92	36.17
Tangible book value per common share	29.37	28.84	28.73	28.16	27.49	26.9
Average common shares issued and outstanding	7,151,200,000	7,256,100,000	7,364,900,000	7,466,000,000	7,581,200,000	7,677,900,000
Average diluted common shares issued and outstanding	7,294,200,000	7,417,500,000	7,546,900,000	7,627,100,000	7,651,600,000	7,770,800,000
Common shares issued and outstanding period end	7,017,967,460	7,129,908,032	7,212,464,345		7,436,679,485
Preferred shares issued and outstanding period end	3,951,164	3,951,164			3,891,164
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 losses	13,114,000,000	13,148,000,000	13,203,000,000		13,291,000,000
Allowance for credit losses	14,264,000,000	14,309,000,000	14,380,000,000	14,361,000,000	14,434,000,000	14,366,000,000
Allowance for loan and lease losses to total loans %	1.08%	1.09%	1.12%	1.14%	1.17%	1.2%
Net charge offs	1,412,000,000	1,409,000,000	1,287,000,000	1,367,000,000	1,525,000,000	1,452,000,000
Net charge off ratio annualized %	0.47%	0.48%	0.44%	0.47%	0.55%	0.54%
Nonperforming loans and leases	5,751,000,000
Nonperforming loans leases and foreclosed properties	5,870,000,000	5,933,000,000	5,905,000,000	5,470,000,000	6,104,000,000	6,201,000,000
Common equity tier 1 capital	201,581,000,000	199,695,000,000	201,410,000,000		201,200,000,000
Risk weighted assets standardized	1,793,000,000,000
Risk weighted assets advanced	1,613,000,000,000
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 leases	1,216,519,000,000	1,189,528,000,000	1,170,895,000,000	1,153,035,000,000	1,128,453,000,000	1,093,738,000,000
Total assets	3,531,568,000,000	3,512,490,000,000	3,427,791,000,000	3,433,447,000,000	3,430,280,000,000	3,349,011,000,000
Total deposits	2,022,950,000,000	2,016,929,000,000	2,012,523,000,000	1,991,434,000,000	1,973,761,000,000	1,958,332,000,000
Total earning assets	3,106,726,000,000
Total debt securities	880,724,000,000
Total cash and cash equivalents	281,356,000,000
Common shareholders equity	275,988,000,000	276,753,000,000	277,881,000,000	275,149,000,000	272,756,000,000	271,880,000,000
Total shareholders equity	300,984,000,000	302,501,000,000	303,873,000,000	300,381,000,000	295,329,000,000	294,187,000,000
Long term debt		253,997,000,000	245,470,000,000	247,425,000,000	249,104,000,000	241,036,000,000
Segments fte
Consumer banking
Total revenue net of interest expense	11,336,000,000	11,049,000,000			10,813,000,000	10,493,000,000
Provision for credit losses	1,160,000,000	1,132,000,000			1,282,000,000	1,292,000,000
Total noninterest expense	5,801,000,000	5,837,000,000			5,567,000,000	5,826,000,000
Income loss before income taxes	4,375,000,000	4,080,000,000			3,964,000,000	3,375,000,000
Income tax expense benefit	1,094,000,000	1,020,000,000			991,000,000	844,000,000
Net income loss	3,281,000,000	3,060,000,000			2,973,000,000	2,531,000,000
Global wealth and investment management
Total revenue net of interest expense	6,871,000,000	6,712,000,000			5,937,000,000	6,016,000,000
Provision for credit losses	11,000,000	2,000,000			20,000,000	14,000,000
Total noninterest expense	4,976,000,000	4,938,000,000			4,593,000,000	4,659,000,000
Income loss before income taxes	1,884,000,000	1,772,000,000			1,324,000,000	1,343,000,000
Income tax expense benefit	471,000,000	443,000,000			331,000,000	336,000,000
Net income loss	1,413,000,000	1,329,000,000			993,000,000	1,007,000,000
Global banking
Total revenue net of interest expense	6,236,000,000	6,287,000,000			5,689,000,000	5,992,000,000
Provision for credit losses	215,000,000	185,000,000			277,000,000	154,000,000
Total noninterest expense	3,199,000,000	3,223,000,000			3,070,000,000	3,184,000,000
Income loss before income taxes	2,822,000,000	2,879,000,000			2,342,000,000	2,654,000,000
Income tax expense benefit	776,000,000	792,000,000			644,000,000	730,000,000
Net income loss	2,046,000,000	2,087,000,000			1,698,000,000	1,924,000,000
Global markets
Total revenue net of interest expense	8,022,000,000	7,109,000,000			5,982,000,000	6,585,000,000
Provision for credit losses	-11,000,000	27,000,000			22,000,000	28,000,000
Total noninterest expense	4,484,000,000	4,370,000,000			3,806,000,000	3,811,000,000
Income loss before income taxes	3,549,000,000	2,712,000,000			2,154,000,000	2,746,000,000
Income tax expense benefit	923,000,000	705,000,000			625,000,000	796,000,000
Net income loss	2,626,000,000	2,007,000,000			1,529,000,000	1,950,000,000
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 expense	167,000,000	163,000,000			147,000,000	290,000,000
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	-292,000,000	101,000,000			-23,000,000	-52,000,000
Total corporation fte
Total revenue net of interest expense		30,434,000,000				28,392,000,000
Provision for credit losses		1,337,000,000				1,480,000,000
Total noninterest expense		18,531,000,000				17,770,000,000
Income loss before income taxes		10,566,000,000				9,142,000,000
Income tax expense benefit		1,982,000,000				1,782,000,000
Net income loss		8,584,000,000				7,360,000,000
Cash flow
Net income		8,584,000,000				7,360,000,000
Provision for credit losses		1,337,000,000				1,480,000,000
Depreciation and amortization		605,000,000				565,000,000
Deferred income taxes		101,000,000
Amortization of stock based compensation		1,032,000,000
Net cash provided by used in operating activities		41,770,000,000				-2,184,000,000
Net cash used in investing activities		-66,451,000,000				-89,010,000,000
Net cash provided by financing activities		35,915,000,000				72,832,000,000
Effect of exchange rate changes on cash and cash equivalents		-600,000,000
Net increase decrease in cash and cash equivalents		10,634,000,000
Cash and cash equivalents end of period		242,479,000,000				273,579,000,000
Proceeds from issuance of long term debt		35,520,000,000
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 accessions			0000070858-26-000157; 0000070858-26-000353	0000070858-26-000157; 0000070858-26-000353	0000070858-26-000157; 0000070858-26-000353	0000070858-26-000249; 0000070858-26-000157
Income statement detail
Interest income						34,066,000,000
Interest expense						19,623,000,000
Net interest income						14,443,000,000
Net interest income fte						14,588,000,000
Fees and commissions						9,415,000,000
Market making and similar activities						3,584,000,000
Other income loss						805,000,000
Total noninterest income						13,804,000,000
Total revenue net of interest expense						28,247,000,000
Provision for credit losses						1,480,000,000
Compensation and benefits						10,889,000,000
Information processing and communications						1,894,000,000
Occupancy and equipment						1,856,000,000
Product delivery and transaction related						914,000,000
Professional fees						652,000,000
Marketing						506,000,000
Other general operating						1,059,000,000
Total noninterest expense						17,770,000,000
Income before income taxes						8,997,000,000
Income tax expense						1,637,000,000
Net income						7,360,000,000
Preferred stock dividends						406,000,000
Net income applicable to common shareholders						6,954,000,000

Year to date

	2026-06-30	2025-06-30
Period end	2026-06-30	2025-06-30
Period type	six months ended June 30, 2026	six months ended June 30, 2025
Source accession	0000070858-26-000353	0000070858-26-000353
Source statement	8-K dated July 14, 2026, Exhibit 99.1 Selected Financial Data and Exhibit 99.3 Supplemental Information	8-K dated July 14, 2026, Exhibit 99.1 Selected Financial Data and Exhibit 99.3 Supplemental Information (prior-year comparative columns)
Income statement
Interest income	67,191,000,000	68,939,000,000
Interest expense	35,449,000,000	39,826,000,000
Net interest income	31,742,000,000	29,113,000,000
Fees and commissions	21,629,000,000	18,884,000,000
Market making and similar activities	7,814,000,000	6,737,000,000
Other income loss	645,000,000	956,000,000
Total noninterest income	30,088,000,000	26,577,000,000
Total revenue net of interest expense	61,830,000,000	55,690,000,000
Provision for credit losses	2,703,000,000	3,072,000,000
Compensation and benefits	22,321,000,000	21,221,000,000
Information processing and communications	3,942,000,000	3,713,000,000
Occupancy and equipment	3,814,000,000	3,692,000,000
Product delivery and transaction related	2,453,000,000	1,888,000,000
Professional fees	1,156,000,000	1,292,000,000
Marketing	1,269,000,000	1,069,000,000
Other general operating	2,203,000,000	2,078,000,000
Total noninterest expense	37,158,000,000	34,953,000,000
Income before income taxes	21,969,000,000	17,665,000,000
Income tax expense	4,311,000,000	3,135,000,000
Net income	17,658,000,000	14,530,000,000
Preferred stock dividends	755,000,000	697,000,000
Net income applicable to common shareholders	16,903,000,000	13,833,000,000
Per share
Earnings per share basic	2.35	1.81
Earnings per share diluted	2.31	1.79
Dividends paid per common share	0.56	0.52
Average common shares issued and outstanding	7,203,500,000	7,629,500,000
Average diluted common shares issued and outstanding	7,356,200,000	7,711,200,000
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 offs	2,821,000,000	2,977,000,000
Net charge off ratio %	0.47%	0.54%

Units notes seen

	Value
FY2025 10-K Consolidated Statement of Income	(In millions, except per share information)
FY2025 10-K Consolidated Statement of Comprehensive Income	(Dollars in millions)
FY2025 10-K Consolidated Balance Sheet	(Dollars in millions); share counts in the equity captions are stated in whole shares (for example, common stock issued and outstanding of 7,212,464,345 shares)
FY2025 10-K Consolidated Statement of Changes in Shareholders' Equity	(In millions); the common share column is also in millions (7,212.5)
FY2025 10-K Consolidated Statement of Cash Flows	(Dollars in millions)
FY2025 10-K Table 1 Summary Income Statement and Selected Financial Data	(Dollars in millions, except per share information)
FY2025 10-K Table 6 Selected Annual Financial Data	(In millions, except per share information)
FY2025 10-K Table 7 Selected Quarterly Financial Data	(In millions, except per share information)
FY2025 10-K Table 8 Average Balances and Interest Rates - FTE Basis	(Dollars in millions)
FY2025 10-K Table 10 Regulatory Capital under Basel 3	(Dollars in millions, except as noted); risk-weighted assets, adjusted quarterly average assets and supplementary leverage exposure are separately labelled '(in billions)'
FY2025 10-K Note 23 Business Segment Information	(Dollars in millions)
Q1 2026 10-Q Consolidated Statement of Income	(In millions, except per share information)
Q1 2026 10-Q Consolidated Balance Sheet	(Dollars in millions); share counts in the equity captions are stated in whole shares (7,129,908,032 common shares)
Q1 2026 10-Q Consolidated Statement of Cash Flows	(Dollars in millions)
Q1 2026 10-Q Table 1 Summary Income Statement and Selected Financial Data	(Dollars in millions, except per share information)
Q1 2026 10-Q Table 7 Selected Quarterly Financial Data	(In millions, except per share information)
Q1 2026 10-Q Note 17 Business Segment Information	(Dollars in millions)
Q2 2026 earnings release (8-K Exhibit 99.1) Selected Financial Data	(In millions, except per share data)
Q2 2026 earnings release (8-K Exhibit 99.1) Balance Sheet, Liquidity, and Capital Highlights	($ in billions except per share data, end of period, unless otherwise noted)
Q2 2026 earnings release (8-K Exhibit 99.1) segment pages	($ in millions)
Q2 2026 earnings release (8-K Exhibit 99.3) Consolidated Statement of Income	(In millions, except per share information)
Q2 2026 earnings release (8-K Exhibit 99.3) Consolidated Balance Sheet	(Dollars in millions); share counts in the equity captions are stated in whole shares (7,017,967,460 common shares)

Adjustments

	Value
Splits applied	none
Splits note	Bank of America has had no stock split in the periods covered, so no per-share figure has been restated.
ADR ratio	n/a
ADR note	Bank of America Corporation common stock is a U.S. domestic listing, not an ADR, so no ADR ratio applies.
FX	None. 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
Name	Bank Of America Corp /De/
Ticker	BAC
CIK	0000070858
Exchange	NYSE
State	North Carolina
Incorporation	Delaware
SIC	6021
Office	Finance
Industry	National Commercial Banks

Next filing

	Value
Predicted date	2026-10-30
Predicted type	10-Q

Fiscal period

	FY2026
Fiscal year	2026
Fiscal period	Q1
Tag	FY26Q1
Period end	2026-03-31
Form	10-Q
Accession	0000070858-26-000249
Fiscal year end	1231
Source	facts

Built from Bank of America Corporation's SEC filings by Ticker Scout. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer. Also for this company: company index, financials.json, index.json.