Bank of America Corporation (BAC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 15.74B | 15.75B | 15.23B | 14.67B | 14.44B | 14.36B | 13.97B | 13.7B | 14.03B | 13.95B | 14.38B | 14.16B | 14.45B | 14.68B | 13.77B | 12.44B | 11.57B | 11.41B | 11.09B | 10.23B |
| NII Growth % | 9.01% | 9.69% | 9.06% | 7.06% | 2.93% | 2.96% | -2.87% | -3.22% | -2.88% | -5.01% | 4.46% | 13.77% | 24.85% | 28.67% | 24.08% | 21.61% | 13.48% | 11.28% | 9.53% | -5.67% |
| Net Interest Margin % | 0.45% | 0.46% | 0.45% | 0.43% | 0.43% | 0.44% | 0.42% | 0.42% | 0.43% | 0.44% | 0.46% | 0.45% | 0.45% | 0.48% | 0.45% | 0.4% | 0.36% | 0.36% | 0.36% | 0.34% |
| Interest Income | 33.36B | 34.26B | 35.37B | 34.87B | 34.07B | 35.98B | 37.49B | 36.85B | 36.28B | 35.63B | 33.62B | 32.35B | 28.66B | 25.07B | 19.62B | 14.97B | 12.89B | 12.55B | 12.34B | 11.39B |
| Interest Expense | 17.61B | 18.51B | 20.13B | 20.2B | 19.62B | 21.62B | 23.52B | 23.15B | 22.25B | 21.68B | 19.25B | 18.2B | 14.21B | 10.39B | 5.86B | 2.53B | 1.32B | 1.14B | 1.24B | 1.15B |
| Loan Loss Provision | -16.28B | 1.31B | 1.29B | 1.59B | 1.48B | 1.45B | 1.54B | 1.51B | 1.32B | 1.1B | 1.23B | 1.13B | 931M | 1.09B | 898M | 523M | 30M | -489M | -624M | -1.62B |
| Non-Interest Income | -3.09B | 15.43B | 12.86B | 11.79B | 12.92B | 10.99B | 11.38B | 11.68B | 11.79B | 8.01B | 10.79B | 11.04B | 11.81B | 9.85B | 10.74B | 10.24B | 11.66B | 10.65B | 11.67B | 11.23B |
| Non-Interest Income % | -10.2% | 31.05% | 26.66% | 25.27% | 27.5% | 23.4% | 23.28% | 24.06% | 24.52% | 18.36% | 24.29% | 25.44% | 29.19% | 28.21% | 35.37% | 40.62% | 47.48% | 45.9% | 48.62% | 49.66% |
| Total Revenue | 30.27B | 49.69B | 48.22B | 46.67B | 46.99B | 46.97B | 48.87B | 48.53B | 48.07B | 43.64B | 44.41B | 43.39B | 40.47B | 34.93B | 30.36B | 25.22B | 24.55B | 23.2B | 24.01B | 22.62B |
| Revenue Growth % | -35.58% | 5.8% | -1.33% | -3.84% | -2.25% | 7.61% | 10.04% | 11.84% | 18.8% | 24.96% | 46.29% | 72.06% | 64.83% | 50.52% | 26.45% | 11.49% | 2.21% | 8.9% | 10.67% | -5.82% |
| Non-Interest Expense | 18.53B | 17.44B | 17.34B | 17.18B | 17.77B | 16.79B | 16.48B | 16.31B | 17.24B | 17.73B | 15.84B | 16.04B | 16.24B | 15.54B | 15.3B | 15.27B | 15.32B | 14.73B | 14.44B | 15.04B |
| Efficiency Ratio | 61.21% | 35.09% | 35.95% | 36.82% | 37.82% | 35.74% | 33.72% | 33.61% | 35.86% | 40.63% | 35.66% | 36.96% | 40.13% | 44.5% | 50.41% | 60.56% | 62.4% | 63.48% | 60.15% | 66.51% |
| Operating Income | 10.4B | 12.44B | 9.46B | 7.69B | 8.12B | 7.11B | 7.32B | 7.56B | 7.26B | 3.12B | 8.1B | 8.03B | 9.09B | 7.9B | 8.3B | 6.89B | 7.88B | 7.82B | 8.95B | 8.04B |
| Operating Margin % | 34.37% | 25.02% | 19.61% | 16.47% | 17.27% | 15.13% | 14.99% | 15.58% | 15.11% | 7.16% | 18.23% | 18.51% | 22.46% | 22.61% | 27.34% | 27.33% | 32.09% | 33.69% | 37.28% | 35.55% |
| Operating Income Growth % | 28.19% | 74.94% | 29.11% | 1.69% | 11.76% | 127.53% | -9.52% | -5.9% | -20.1% | -60.44% | -2.48% | 16.57% | 15.36% | 1.01% | -7.25% | -14.3% | -14.04% | 27.77% | 96.88% | 111.69% |
| Pretax Income | 10.4B | 12.44B | 9.46B | 7.69B | 8.12B | 7.11B | 7.32B | 7.56B | 7.26B | 3.12B | 8.1B | 8.03B | 9.09B | 7.9B | 8.3B | 6.89B | 7.88B | 7.82B | 8.95B | 8.04B |
| Pretax Margin % | 34.37% | 25.02% | 19.61% | 16.47% | 17.27% | 15.13% | 14.99% | 15.58% | 15.11% | 7.16% | 18.23% | 18.51% | 22.46% | 22.61% | 27.34% | 27.33% | 32.09% | 33.69% | 37.28% | 35.55% |
| Income Tax | 1.82B | 4.91B | 987M | 572M | 720M | 443M | 428M | 663M | 588M | -20M | 293M | 626M | 928M | 765M | 1.22B | 645M | 812M | 805M | 1.26B | -1.18B |
| Effective Tax Rate % | 17.49% | 39.46% | 10.44% | 7.44% | 8.87% | 6.23% | 5.84% | 8.77% | 8.1% | -0.64% | 3.62% | 7.79% | 10.21% | 9.69% | 14.68% | 9.36% | 10.31% | 10.3% | 14.07% | -14.7% |
| Net Income | 8.58B | 7.53B | 8.47B | 7.12B | 7.4B | 6.67B | 6.9B | 6.9B | 6.67B | 3.14B | 7.8B | 7.41B | 8.16B | 7.13B | 7.08B | 6.25B | 7.07B | 7.01B | 7.69B | 9.22B |
| Net Margin % | 28.36% | 15.15% | 17.56% | 15.25% | 15.74% | 14.19% | 14.11% | 14.21% | 13.88% | 7.2% | 17.57% | 17.07% | 20.17% | 20.42% | 23.33% | 24.77% | 28.79% | 30.22% | 32.04% | 40.78% |
| Net Income Growth % | 16.06% | 12.95% | 22.81% | 3.18% | 10.82% | 111.99% | -11.61% | -6.9% | -18.22% | -55.92% | 10.17% | 18.58% | 15.48% | 1.7% | -7.92% | -32.27% | -12.21% | 28.21% | 57.57% | 161.08% |
| Net Income (Continuing) | 8.58B | 7.53B | 8.47B | 7.12B | 7.4B | 6.67B | 6.9B | 6.9B | 6.67B | 3.14B | 7.8B | 7.41B | 8.16B | 7.13B | 7.08B | 6.25B | 7.07B | 7.01B | 7.69B | 9.22B |
| EPS (Diluted) | 1.11 | 0.97 | 1.06 | 0.89 | 0.90 | 0.82 | 0.81 | 0.83 | 0.76 | 0.35 | 0.90 | 0.88 | 0.94 | 0.85 | 0.81 | 0.73 | 0.80 | 0.82 | 0.85 | 1.03 |
| EPS Growth % | 23.33% | 18.29% | 30.86% | 7.23% | 18.42% | 134.29% | -10% | -5.68% | -19.15% | -58.82% | 11.11% | 20.55% | 17.5% | 3.66% | -4.71% | -29.13% | -6.98% | 38.98% | 66.67% | 178.38% |
| EPS (Basic) | 1.12 | 0.99 | 1.08 | 0.90 | 0.91 | 0.83 | 0.82 | 0.83 | 0.77 | 0.36 | 0.91 | 0.88 | 0.95 | 0.85 | 0.81 | 0.73 | 0.81 | 0.82 | 0.86 | 1.04 |
| Diluted Shares Outstanding | 7.42B | 7.55B | 7.63B | 7.65B | 7.77B | 7.84B | 7.9B | 7.96B | 8.03B | 8.06B | 8.08B | 8.08B | 8.18B | 8.16B | 8.16B | 8.16B | 8.2B | 8.3B | 8.49B | 8.74B |