BANK OF AMERICA CORP /DE/BAC
BANK OF AMERICA CORP /DE/ Financial Overview 2021–2025
Updated Jul 10, 2026Bank of America capitalized on elevated interest rates to push net interest income to $60.1 billion in FY2025, successfully shielding profitability from rising credit costs. This rate-driven momentum proves the bank can structurally expand its earnings power and consistently fund aggressive capital returns across volatile macroeconomic cycles.
The institution's top line steadily expanded, as total revenue grew from $89.1 billion in FY2021 to $113.1 billion in FY2025. Management maintained strict expense discipline alongside this growth, improving the bank's efficiency ratio by 147 basis points to 62% in FY2025. This operational leverage allowed Bank of America to absorb normalizing credit provisions and grow its funding base, adding $53.3 billion in deposits to reach $2.02 trillion by the end of FY2025. Noninterest income also accelerated, climbing to $53.0 billion on the back of strong asset management flows and investment brokerage services.
At the close of FY2025, the stock traded at $55.00 per share, valuing the equity at 14.4x its $3.81 in diluted earnings per share. This multiple followed a highly active year for capital distribution, with the bank returning a combined $29.5 billion to shareholders through $21.4 billion in stock buybacks and $8.1 billion in dividends over the course of FY2025.
Recent Developments (Q4 2025 and Q1 2026)
Bank of America maintained strong momentum into Q1 2026, generating a 16.6% year-over-year increase in net income to $8.6 billion, or $1.11 per share. First-quarter total revenue climbed 7.2% to $30.3 billion. Improving credit quality supported this growth, as the provision for credit losses dropped 10.2% to $1.3 billion. Following this performance, the board increased CEO Brian Moynihan's total compensation to $41.0 million. Management also distributed capital aggressively during the first quarter, executing $7.2 billion in share repurchases and issuing $2.0 billion in dividends.
Bulls highlight the bank's falling credit provisions and robust fee growth across the wealth management and investment banking segments. Bears caution against rising overhead, noting Q1 2026 noninterest expense increased 4.3% to $18.5 billion due to higher revenue-related costs. At $53.24 per share, the stock traded at 16.6x earnings as of May 1, 2026.
What to watch: noninterest expense trends amid ongoing business investments; shareholder dynamics following the rejection of an independent board chair proposal.
Rev
$101.89B
FY2024
NI
$27.13B
FY2024
EPS$BAC
$3.25
FY2024
OCF
$-8.80B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
BANK OF AMERICA CORP /DE/ 8-K Report, Shareholder Vote Results (May 6, 2026)
This 8-K filing from Bank of America Corporation (BAC) reports the outcomes of its 2026 Annual Meeting of Shareholders, held on May 4, 2026. The key takeaways for investors concern the shareholder votes on several critical matters. Shareholders overwhelmingly re-elected all director nominees and approved the advisory vote on executive compensation, indicating continued confidence in the company's leadership and compensation practices. Additionally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026 was ratified. However, two shareholder proposals did not receive majority support. These proposals related to requesting an independent board chair and requesting a report on board oversight of risks related to animal welfare. The strong support for director re-election and executive compensation approval, juxtaposed with the rejection of these specific shareholder initiatives, provides insight into the general sentiment of the shareholder base regarding corporate governance and operational oversight.
BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Apr 15, 2026)
Bank of America Corporation (BAC) has filed a Current Report (8-K) on April 15, 2026, disclosing its financial results for the first quarter ended March 31, 2026. The company reported a net income of $8.6 billion, translating to $1.11 per diluted share. This filing provides key financial performance indicators for the quarter and includes a press release with detailed results, as well as presentation and supplemental information made available to investors. These materials are accessible on the company's website. In conjunction with the results release, Bank of America is holding an investor conference call and webcast on April 15, 2026, to further discuss its Q1 2026 financial performance and other relevant corporate matters. Investors are encouraged to review the provided exhibits, including the press release, presentation materials, and supplemental information, which offer a comprehensive overview of the company's financial condition and strategic updates. The filing emphasizes that while the results of operations are deemed 'filed' under Section 18 of the Exchange Act, the supplemental information and presentation materials are furnished and not considered 'filed' in the same regard, nor are they incorporated by reference into other SEC filings.
BANK OF AMERICA CORP /DE/ 8-K Report, Corporate Update (Feb 13, 2026)
Bank of America Corporation (BAC) announced on February 12, 2026, that its Board of Directors has approved the 2025 total compensation for Chair and CEO Brian T. Moynihan, setting it at $41,000,000. This represents an increase from his 2024 total compensation of $35,000,000. The Board cited Mr. Moynihan's leadership in driving significant shareholder growth, as well as his contributions to community and employee support, as key factors in this decision. The executive compensation is structured with a base salary of $1.5 million remaining unchanged, and no cash bonus. The majority of his compensation, $39.5 million, is in the form of equity incentives. This includes a mix of time-based restricted stock units (RSUs) and performance RSUs, with a significant portion tied to future performance targets for 2026-2028. The performance-based awards have increased performance standards and an opportunity for up to 150% payout for exceptional future results, emphasizing the company's focus on long-term, responsible growth and alignment with shareholder interests.
BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Jan 14, 2026)
Bank of America Corporation (BAC) has filed an 8-K report detailing its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a fourth quarter net income of $7.6 billion, translating to $0.98 per diluted share. For the full year, BAC achieved a net income of $30.5 billion, or $3.81 per diluted share. These results are significant for investors as they provide a snapshot of the company's profitability and operational performance over the most recent reporting periods. The filing also indicates that BAC will host an investor conference call and webcast on January 14, 2026, to discuss these results. Accompanying the press release are additional presentation and supplemental information materials made available on the company's website. Investors should note that while the results of operations are deemed 'filed', the supplemental and presentation materials, although incorporated by reference, are generally furnished and not considered 'filed' for Section 18 purposes, meaning they carry less legal weight regarding forward-looking statements under that specific section.
BANK OF AMERICA CORP /DE/ 8-K Report, Regulation FD Disclosure (Jan 6, 2026)
Bank of America Corporation (BAC) has announced a change in its accounting methods for certain tax-related equity investments, specifically those in affordable housing, eligible wind renewable energy, and solar renewable energy projects. The company is shifting from the equity method to the proportional amortization method (PAM) for its affordable housing and wind energy investments, and changing its recognition of investment tax credits (ITCs) for solar energy investments. These changes are intended to better align financial statement presentation with the economic impact of these investments, primarily resulting in reclassifications between income statement line items rather than a material impact on net income on an annualized basis. While the core net income is largely unaffected, these accounting adjustments have led to a retrospective decrease in retained earnings by $1.7 billion as of September 30, 2025. Importantly, the company notes that it is not required to revise previously filed regulatory capital ratios. However, the cumulative impact would have hypothetically decreased Common Equity Tier 1 (CET1) capital by an estimated $2.1 billion, reducing the CET1 ratio by 13 basis points as of the same date. The effective tax rate for Q3 2025 would also have been higher under the new method.
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