01—Abstract
Summary
Summary of the 10-K filed February 25, 2026. Cited figures are marked; the original filing is the authoritative source.
Bank of America Corporation (BAC) reported solid financial performance for the fiscal year ending December 31, 2025.
Total revenue, net of interest expense, reached $113.1 billiona, a notable increase from $105.9 billion in 2024, driven by higher net interest income and robust noninterest income. Net income for the year was $30.5 billion, or $3.81 per diluted share, up from $27.0 billion, or $3.19 per diluted share, in the prior year. This growth was primarily fueled by increased net interest income driven by higher rates and loan growth, alongside stronger performance in investment and brokerage services.
The company's balance sheet also expanded, with total assets growing to $3.41 trillionb, primarily due to an increase in loans and leases and trading account assets. Deposits saw a healthy rise, reaching $2.02 trillion, indicating continued client confidence and a strong funding base.
BAC maintained strong capital ratios, with a Common Equity Tier 1 (CET1) ratio of 11.4% under the Standardized approach, exceeding regulatory requirements. The company also actively returned capital to shareholders through $8.1 billionc in common stock dividends and $21.4 billion in common stock repurchases during 2025, reflecting a commitment to shareholder value.
02—Key points
Key Highlights
- Total Revenue (net of interest expense) increased to $113.1 billion in 2025, up from $105.9 billion in 2024.
- Net Income grew to $30.5 billion in 2025, from $27.0 billion in 2024, with diluted EPS at $3.81 compared to $3.19.
- Net Interest Income rose by $4.0 billion to $60.1 billion, benefiting from higher interest rates and loan growth.
- Noninterest Income increased by $3.2 billion to $53.0 billion, driven by strong performance in investment and brokerage services.
- Total Assets grew to $3.41 trillion, with loans and leases increasing by $89.9 billion.
- Deposits increased by $53.3 billion to $2.02 trillion, primarily driven by growth in commercial client balances.
- Common Equity Tier 1 (CET1) capital ratio remained strong at 11.4% (Standardized approach).
- Shareholder returns included $8.1 billion in dividends and $21.4 billion in common stock repurchases in 2025.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed February 25, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $113.10B$105.86B | +6.8% |
| Net Income | $30.51B$26.97B | +13.1% |
| EPS (Basic) | $3.86$3.23 | +19.5% |
| EPS (Diluted) | $3.81$3.19 | +19.4% |
| Shares Outstanding (Basic) | 7.52B7.86B | −4.2% |
| Shares Outstanding (Diluted) | 7.68B7.94B | −3.2% |
05—Questions
Frequently Asked Questions
What was Bank of America's overall financial performance in 2025?
Bank of America reported strong financial results for 2025. Total revenue increased to $113.1 billion, driven by higher net interest income and noninterest income. Net income rose to $30.5 billion, or $3.81 per diluted share, reflecting improved profitability across key segments.
How did Bank of America's net interest income perform?
Net interest income increased by $4.0 billion to $60.1 billion in 2025 compared to 2024. This growth was primarily attributed to higher net interest yield driven by loan and deposit growth, as well as beneficial repricing of fixed assets, partially offset by the impact of lower interest rates and fewer interest accrual days.
What drove the increase in noninterest income?
Noninterest income increased by $3.2 billion to $53.0 billion in 2025. Key drivers included a $2.2 billion increase in investment and brokerage services, primarily due to higher asset management fees from increased market valuations and AUM flows, and higher brokerage fees from increased client activity. Investment banking fees also contributed positively, rising by $444 million.
How did Bank of America manage its capital and return capital to shareholders?
Bank of America maintained strong capital levels, with a CET1 capital ratio of 11.4% under the Standardized approach as of December 31, 2025, exceeding regulatory requirements. The company returned capital to shareholders through $8.1 billion in common stock dividends and $21.4 billion in common stock repurchases during 2025, demonstrating a balanced approach to capital management and shareholder returns.
06—Continue