Bank of America Corporation (BAC) Income Statement

30Y historyFree accessUpdated daily

Net interest income climbed to $16.4B in 2026Q3 with an NIM holding near 0.5%, but earnings quality is clouded by a -$16.3B provision reversal in 2026Q1 that pushed the efficiency ratio to 146.4% and fee income to -$3.1B.

Annual statement

BAC Income Statement

Bank of America Corporation (BAC) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00	Dec'99	Dec'98	Dec'97	Dec'96

Net Interest Income	63.94B	60.1B	56.06B	56.93B	52.46B	42.93B	43.36B	48.89B	48.16B	45.24B	41.1B	38.96B	40.78B	42.27B	40.66B	44.62B	51.52B	47.11B	45.36B	34.44B	34.59B	30.74B	27.96B	21.46B	20.92B	20.29B	18.35B	18.24B	18.3B	18.43B	16.95B
NII Growth %	35.73%	7.2%	-1.53%	8.52%	22.19%	-0.98%	-11.31%	1.51%	6.46%	10.08%	5.49%	-4.47%	-3.52%	3.96%	-8.88%	-13.41%	9.37%	3.86%	31.7%	-0.44%	12.55%	9.93%	30.26%	2.59%	3.12%	10.58%	0.61%	-0.33%	-0.73%	8.72%	211.25%
Net Interest Margin %	1.87%	1.76%	1.72%	1.79%	1.72%	1.35%	1.54%	2.01%	2.05%	1.98%	1.88%	1.82%	1.94%	2.01%	1.84%	2.1%	2.27%	2.11%	2.5%	2.01%	2.37%	2.38%	2.52%	2.91%	3.17%	3.26%	2.86%	2.88%	2.96%	3.23%	9.13%
Interest Income	135.71B	138.57B	146.61B	130.26B	72.56B	47.67B	51.59B	71.24B	66.77B	57.58B	51.06B	49.51B	51.71B	55.02B	57.4B	66.24B	75.5B	77.92B	85.68B	87.3B	78.58B	58.63B	42.95B	31.64B	32.16B	38.29B	43.16B	37.32B	38.59B	37.33B	33.64B
Interest Expense	71.77B	78.47B	90.55B	73.33B	20.1B	4.74B	8.22B	22.34B	18.61B	12.34B	9.96B	10.55B	10.94B	12.76B	16.74B	21.62B	23.97B	30.81B	40.32B	52.86B	43.99B	27.89B	14.99B	10.18B	11.24B	18B	24.82B	19.09B	20.29B	18.9B	16.68B
Loan Loss Provision	5.28B	5.67B	5.82B	4.39B	2.54B	-4.59B	11.32B	3.59B	3.28B	3.4B	3.6B	3.16B	2.27B	3.56B	8.17B	13.41B	28.43B	48.57B	26.82B	8.38B	5.01B	4.01B	2.77B	2.84B	3.7B	4.29B	2.54B	1.82B	2.92B	1.9B	1.65B
Non-Interest Income	59.03B	53B	45.83B	41.65B	42.49B	46.18B	42.17B	42.35B	42.86B	41.89B	42.6B	44.01B	45.12B	43.78B	40.61B	41.48B	53.44B	62.52B	26.88B	28.33B	34.99B	24.23B	21.7B	17.36B	14.2B	14.82B	14.61B	14.31B	13.21B	12.03B	9.75B
Non-Interest Income %	48%	46.86%	44.98%	42.25%	44.75%	51.82%	49.3%	46.42%	47.09%	48.08%	50.9%	53.04%	52.52%	50.88%	49.97%	48.18%	50.91%	57.03%	37.21%	45.13%	50.29%	44.08%	43.7%	44.72%	40.43%	42.22%	44.32%	43.97%	41.92%	39.49%	36.51%
Total Net Revenue	122.97B	113.1B	101.89B	98.58B	94.95B	89.11B	85.53B	91.24B	91.02B	87.13B	83.7B	82.97B	85.89B	86.04B	81.26B	86.09B	104.96B	109.63B	72.24B	62.77B	69.59B	54.96B	49.66B	38.83B	35.12B	35.11B	32.96B	32.55B	31.5B	30.46B	26.7B
Revenue Growth %	14.64%	11%	3.35%	3.82%	6.55%	4.19%	-6.26%	0.25%	4.47%	4.09%	0.89%	-3.41%	-0.17%	5.88%	-5.61%	-17.97%	-4.26%	51.75%	15.09%	-9.8%	26.61%	10.67%	27.91%	10.54%	0.03%	6.55%	1.26%	3.31%	3.43%	14.06%	212.85%
Non-Interest Expense	74.07B	69.73B	66.81B	65.84B	61.44B	59.73B	55.21B	54.9B	53.15B	54.52B	55.08B	57.62B	75.66B	66.31B	70.02B	72.91B	77.85B	56.7B	40.99B	33.46B	32.6B	26.47B	25.99B	20.13B	18.44B	20.71B	18.63B	18.51B	20.54B	18B	15.75B
Efficiency Ratio	60.24%	61.65%	65.57%	66.79%	64.71%	67.03%	64.56%	60.17%	58.4%	62.57%	65.81%	69.45%	88.08%	77.07%	86.17%	84.69%	74.17%	51.72%	56.74%	53.31%	46.85%	48.16%	52.33%	51.84%	52.49%	58.98%	56.54%	56.88%	65.19%	59.09%	58.97%
Operating Income	43.61B	37.7B	29.25B	28.34B	30.97B	33.98B	19B	32.75B	34.58B	29.21B	25.02B	22.19B	7.96B	16.17B	3.07B	-230M	-1.32B	4.36B	4.43B	20.92B	31.97B	24.48B	20.91B	15.86B	12.99B	10.12B	11.79B	12.21B	8.05B	10.56B	9.31B
Operating Margin %	35.47%	33.33%	28.71%	28.75%	32.62%	38.13%	22.21%	35.9%	38%	33.53%	29.89%	26.74%	9.27%	18.8%	3.78%	-0.27%	-1.26%	3.98%	6.13%	33.33%	45.95%	44.54%	42.1%	40.85%	36.99%	28.81%	35.77%	37.53%	25.55%	34.66%	34.87%
Operating Income Growth %	-	28.85%	3.22%	-8.48%	-8.85%	78.87%	-42.01%	-5.29%	18.39%	16.75%	12.77%	178.63%	-50.76%	426.43%	1435.65%	82.62%	-130.34%	-1.54%	-78.84%	-34.56%	30.61%	17.08%	31.82%	22.09%	28.41%	-14.18%	-3.5%	51.78%	-23.76%	13.37%	211.3%
Pretax Income	43.37B	37.7B	29.25B	28.34B	30.97B	33.98B	19B	32.75B	34.58B	29.21B	25.02B	22.19B	7.96B	16.17B	3.07B	-230M	-1.32B	4.36B	4.43B	20.92B	31.97B	24.48B	20.91B	15.86B	12.99B	10.12B	11.79B	12.21B	8.05B	10.56B	9.31B
Pretax Margin %	35.27%	33.33%	28.71%	28.75%	32.62%	38.13%	22.21%	35.9%	38%	33.53%	29.89%	26.74%	9.27%	18.8%	3.78%	-0.27%	-1.26%	3.98%	6.13%	33.33%	45.95%	44.54%	42.1%	40.85%	36.99%	28.81%	35.77%	37.53%	25.55%	34.66%	34.87%
Income Tax	11.25B	7.19B	2.12B	1.83B	3.44B	2B	1.1B	5.32B	6.44B	10.98B	7.2B	6.28B	2.44B	4.74B	-1.12B	-1.68B	915M	-1.92B	420M	5.94B	10.84B	8.02B	6.96B	5.05B	3.74B	3.33B	4.27B	4.33B	2.88B	4.01B	3.5B
Effective Tax Rate %	25.94%	19.06%	7.25%	6.45%	11.11%	5.88%	5.8%	16.25%	18.61%	37.59%	28.77%	28.29%	30.68%	29.32%	-36.33%	728.7%	-69.16%	-43.94%	9.49%	28.4%	33.9%	32.74%	33.29%	31.85%	28.8%	32.87%	36.23%	35.47%	35.82%	38.03%	37.57%
Net Income	32.12B	30.51B	27.13B	26.52B	27.53B	31.98B	17.89B	27.43B	28.15B	18.23B	17.82B	15.91B	5.52B	11.43B	4.19B	1.45B	-2.24B	6.28B	4.01B	14.98B	21.13B	16.46B	13.95B	10.81B	9.25B	6.79B	7.52B	7.88B	5.17B	6.54B	5.81B
Net Margin %	26.12%	26.98%	26.63%	26.9%	28.99%	35.88%	20.92%	30.06%	30.92%	20.93%	21.29%	19.18%	6.43%	13.29%	5.15%	1.68%	-2.13%	5.72%	5.55%	23.87%	30.37%	29.96%	28.08%	27.84%	26.33%	19.34%	22.81%	24.22%	16.39%	21.48%	21.77%
Net Income Growth %	8.34%	12.45%	2.33%	-3.68%	-13.92%	78.71%	-34.76%	-2.55%	54.38%	2.3%	12.02%	188.22%	-51.71%	172.95%	189.63%	164.61%	-135.66%	56.59%	-73.25%	-29.11%	28.35%	18.05%	29.02%	16.88%	36.17%	-9.64%	-4.63%	52.6%	-21.05%	12.54%	198.1%
Net Income (Continuing)	32.12B	30.51B	27.13B	26.52B	27.53B	31.98B	17.89B	27.43B	28.15B	18.23B	17.82B	15.91B	5.52B	11.43B	4.19B	1.45B	-2.24B	6.28B	4.01B	14.98B	21.13B	16.46B	13.95B	10.81B	9.25B	6.79B	7.52B	7.88B	5.17B	6.54B	5.81B
EPS (Diluted)	4.39	3.82	3.22	3.08	3.19	3.57	1.87	2.75	2.61	1.56	1.50	1.31	0.36	0.90	0.25	0.01	-0.37	-0.29	0.55	2.04	2.88	2.25	1.90	3.57	2.96	2.09	2.26	2.24	1.45	1.81	1.96
EPS Growth %	14.17%	18.63%	4.55%	-3.45%	-10.64%	90.91%	-32%	5.36%	67.31%	4%	14.5%	263.89%	-60%	260%	2400%	102.7%	-27.59%	-152.73%	-73.04%	-29.17%	28%	18.42%	-46.78%	20.61%	41.63%	-7.52%	0.89%	54.48%	-19.89%	-7.65%	11.36%
EPS (Basic)	-	3.88	3.25	3.10	3.21	3.60	1.88	2.77	2.64	1.63	1.58	1.38	0.36	0.94	0.26	0.01	-0.37	-0.29	0.56	3.32	4.66	4.10	3.71	3.64	3.04	2.13	2.28	2.28	1.49	1.86	2.00
Diluted Shares Outstanding	7.31B	7.55B	7.84B	8.08B	8.17B	8.56B	8.8B	9.44B	10.24B	10.78B	11.05B	11.24B	10.58B	11.49B	10.84B	10.25B	9.79B	7.73B	7.33B	7.33B	7.33B	7.33B	7.33B	3.03B	3.13B	3.25B	3.32B	3.52B	1.17B	1.14B	1.2B

Key Metrics

Growth RegimeMixed

ProfitabilityStable

Balance SheetAdequate

Cash FlowStable

Top Statement Risk

Provision volatility and rate sensitivity

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-Q (2026Q3)

Net Interest Income Plateauing Near Recent Highs

Based on reported figures, BAC's net interest income rose from $13.7B in 2024Q2 to $16.4B in 2026Q3, with year-over-year growth of 8.0% in the latest quarter after a period of contraction.

The swing from negative NII growth in 2024 to high-single-digit expansion by late 2026 suggests loan volume recovery and a more favorable funding mix are offsetting earlier deposit repricing pressure. Whether this momentum is sustainable depends on how deposit betas behave if policy rates fall, which warrants further investigation. The 2026Q3 figure is the strongest in the ten-quarter window, but the trend is uneven rather than linear.

Net Interest Margin Holding Within a Narrow Band

As reported in the income data, BAC's net interest margin stayed near 0.4% to 0.5% across all ten quarters, indicating limited compression despite shifting rate conditions.

A margin that holds steady while NII grows implies earning asset expansion is doing most of the work rather than spread widening. The lack of meaningful margin movement suggests asset yields and funding costs have been repricing in rough parity. Investors should monitor whether the margin can hold if asset repricing slows relative to deposit costs.

Provision Swings Dominate Earnings Quality

Provision expense ranged from $1.3B to $1.6B across most quarters, but the 2026Q1 figure reflects a reversal of -$16.3B, a discontinuity that materially distorts reported profitability.

A negative provision of this magnitude would typically indicate a large reserve release, which can flatter a single quarter's net income without reflecting underlying credit performance. The 2026Q1 net income of $8.6B should therefore be read alongside this reserve movement rather than as a clean run-rate. Outside that quarter, provisions appear relatively steady, suggesting credit costs are contained but not necessarily declining.

Efficiency Ratio Wide Despite Revenue Gains

BAC's efficiency ratio ranged from roughly 55.9% to 66.8% in most quarters, with the 2026Q1 spike to 146.4% distorted by a negative fee line and reserve reversal.

Ratios in the mid-60s imply a sizable share of revenue still absorbed by operating expense, limiting operating leverage relative to pure-play rate beneficiaries. The 2025Q4 improvement to about 55.9% suggests cost discipline can coincide with stronger revenue. Because the 2026Q1 ratio is driven by non-interest income turning negative, it should be treated as an outlier rather than a trend signal.

Fee Income Share Volatile Quarter to Quarter

Non-interest income contributed roughly 43% to 50% of total revenue in most quarters, but fell to -$3.1B in 2026Q1, showing that fee earnings can swing sharply within the reported period.

A fee share near half of revenue indicates meaningful diversification away from pure lending spread, which tends to reduce dependence on the rate cycle. The negative fee reading in 2026Q1 suggests trading or market-related losses or reserve-related items can overwhelm the usual fee base in a single period. Investors may want to assess the composition of this line to judge how recurring it is.

Reserve Reversal Could Flatter Reported Earnings

As reported in the income data, BAC's 2026Q1 provision of -$16.3B against $30.3B total revenue suggests reported earnings quality may be inflated by a one-time reserve release rather than sustained operating strength.

If the $8.6B 2026Q1 net income is partly driven by reserve reversal, the underlying run-rate would be materially lower than the headline figure. Mean reversion toward the typical $1.3B to $1.6B quarterly provision band would weigh on future earnings. Investors should monitor whether non-interest income recovers from the negative 2026Q1 reading before extrapolating recent profitability.

BAC — Frequently Asked Questions

Quick answers to the most common questions about buying BAC stock.

What was Bank of America Corporation's (BAC) revenue in 2025?

For fiscal year 2025, Bank of America Corporation (BAC) reported total revenue of $113.10B. This represents a 323.5% increase compared to $26.70B in 1996.

Is Bank of America Corporation (BAC) profitable?

Bank of America Corporation (BAC) is profitable, generating $30.51B in net income for the fiscal year ending 2025 with a net profit margin of 27.0%.

What is Bank of America Corporation's operating profit margin?

Bank of America Corporation (BAC) reported an operating income of $37.70B, resulting in an operating profit margin of 33.3%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Bank of America Corporation's gross profit and gross margin?

Bank of America Corporation (BAC) generated $107.42B in gross profit for the year, representing a gross profit margin of 95.0%. This demonstrates the company's core pricing power and production efficiency.