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BANK OF AMERICA CORP /DE/BAC

Sector
Financial Services
Industry
National Commercial Banks
Exchange
NYSE

Stock Price $BAC

Latest filings

You are here#5 of 58 in Financials by market cap

Filing record · 2016–202610-K1110-Q328-K149

BAC filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. FY2018 annual report10-K · Feb ’19Feb ’19
  2. Leadership change8-K · Feb ’22Feb ’22
  3. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $113.10B
YoY changeLargest recent move+8.2%in FY23Latest +6.8%

3 older moves run past ±10% (largest +64.4%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All BAC Financial Metrics40 metrics

Income Statement9

Balance Sheet14

Cash Flow12

Per Share5

02—Overview

BANK OF AMERICA CORP /DE/ Financial Overview 2021–2025

Updated Jul 10, 2026

Bank of America capitalized on elevated interest rates to push net interest income to $60.1 billiona 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 billionb 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 $55.00c 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 billiond, 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 billione 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.

03—Filings

Recent SEC Filings

  1. 8-KBANK OF AMERICA CORP /DE/ 8-K Report, Executive Changes (Oct 21, 2026)Bank of America Corporation (BAC) announced a significant change to its Board of Directors on October 21, 2026, via an 8-K filing. The company expanded its board from 12 to 14 directors and appointed two new independent directors: James Fitterling and William Thomas. Mr. Fitterling, former CEO and current Executive Chairman of Dow Inc., brings extensive experience in the materials science industry and public company governance. Mr. Thomas, former Global Chairman and CEO of KPMG International, offers deep expertise in audit, accounting, and financial reporting, having led a global network of professional services firms. These appointments are strategically significant as they bring seasoned leadership with diverse industry and functional backgrounds to Bank of America's oversight. Investors can view these additions as a move to strengthen the board's expertise in critical areas such as enterprise risk, compensation, audit, and corporate governance, potentially enhancing the company's long-term strategy and risk management capabilities. Both directors will receive standard non-employee director compensation, including restricted stock and cash awards.
  2. 8-KBANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Oct 14, 2026)Bank of America reported third-quarter 2026 net income of $6.9 billion, or $0.91 per diluted share, versus $8.3 billion, or $1.04, a year earlier. The results include a non-tax-deductible $1.2 billion regulatory settlement charge ($0.17 per share) tied to consent orders with the OCC and FinCEN over Bank Secrecy Act and anti-money laundering compliance. Excluding that charge, adjusted net income was $8.1 billion and adjusted EPS was $1.08. Revenue rose 3% year over year to $30.0 billion, driven by net interest income up 8% to $16.4 billion and asset management fees up 16%, partly offset by lower sales and trading and investment banking revenue. Adjusted noninterest expense was $18.5 billion, and the adjusted efficiency ratio was 62% versus a reported 66%. Credit quality remained stable to improving. The provision for credit losses was $1.3 billion, flat year over year, and net charge-offs fell to $1.3 billion from $1.4 billion. The net charge-off ratio was 0.44%, and the credit card charge-off rate improved to 3.22% from 3.46%. Average loans grew 6% sequentially and 8% year over year, and average deposits rose 2%. The CET1 ratio (Standardized) was 10.9%, down from 11.6% a year earlier, and the company returned $8.3 billion to shareholders, including $6.0 billion in buybacks. Book value per share rose 4% to $39.26 and tangible book value per share rose 3% to $29.14. The filing is a Form 8-K furnishing earnings materials. The main investor takeaways are the underlying strength of net interest income and wealth management, the one-time nature of the compliance charge, and the lower trading and investment banking revenue, which Global Markets management attributed partly to moderated capital markets activity. Management also noted robust investment banking pipelines. The figures are preliminary, and regulatory capital ratios as of September 30, 2026 are subject to revision.
  3. 8-KBANK OF AMERICA CORP /DE/ 8-K Report, Corporate Update (Jul 24, 2026)Bank of America (NYSE: BAC) announced on July 24, 2026 that its Board of Directors declared a regular quarterly common stock dividend of $0.32 per share, up $0.04 (14%) from the prior quarter. The dividend is payable September 25, 2026 to shareholders of record as of September 4, 2026. The increase signals management's confidence in earnings strength, franchise durability, and its commitment to returning excess capital to shareholders, as described by Chair and CEO Brian Moynihan. The filing also updates capital return activity. Under a $40 billion share repurchase authorization in effect since August 1, 2025, the company repurchased $13.2 billion of common stock in the first half of 2026 and paid $4 billion in common dividends. As of June 30, 2026, roughly $17 billion remained under the current program. The release notes that repurchases remain subject to capital position, liquidity, regulatory requirements, and market conditions, and may be suspended at any time. The Board also declared a regular quarterly dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable October 23, 2026 to holders of record as of October 9, 2026. The 8-K is a routine disclosure under Item 8.01 (Other Events) and contains no financial statements, so investors should look to the company's earnings releases and SEC periodic reports for operating results and detailed capital ratios.
  4. 8-KBANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Jul 14, 2026)Bank of America reported strong second-quarter 2026 results, with net income of $9.1 billion, up 27% year over year, and diluted EPS of $1.21, up 34%. Revenue, net of interest expense, rose 15% to $31.6 billion, led by higher net interest income (up 9% to $16.0 billion), sales and trading revenue (up 33%), asset management fees (up 19%), and investment banking fees (up 50% excluding self-led deals). Every business segment grew net income by double digits. Operating leverage was 6.6% and the efficiency ratio improved about 360 basis points to 59%, while noninterest expense rose 8% to $18.6 billion. Credit quality remained stable. The provision for credit losses was $1.4 billion, down from $1.6 billion a year earlier and flat sequentially. Net charge-offs were $1.4 billion, and the net charge-off ratio was 0.47%. Nonperforming loans fell to $5.8 billion. Average deposits grew more than 2% to $2.02 trillion, and average loans rose 8% to $1.22 trillion. Capital remained strong, with a CET1 ratio of 11.2% (Standardized, preliminary) and $8.0 billion returned to shareholders, including $6.0 billion of buybacks. Book value per share rose 7% to $39.34. The filing is an 8-K furnishing the earnings press release (Exhibit 99.1, filed), along with presentation materials and supplemental information (Exhibits 99.2 and 99.3, furnished). Management highlighted strong near-term pipelines and rising commercial borrowing. Interest rate sensitivity shows NII of +$1.0 billion for a +100 bps parallel shift and -$2.2 billion for a -100 bps shift over 12 months.
  5. 8-KBANK 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.
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04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.