Bank of America Corporation (BAC) quarterly income statement — complete revenue, gross profit & net income history
Bank of America Corporation (BAC) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | 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 |
|---|
| Net Interest Income | 16.45B | 16B | 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 |
| NII Growth % | 7.98% | 9.05% | 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% |
| Net Interest Margin % | 0.48% | 0.46% | 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% |
| Interest Income | 34.26B | 33.83B | 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 |
| Interest Expense | 17.81B | 17.84B | 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 |
| Loan Loss Provision | 1.27B | 1.37B | 1.34B | 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 |
| Non-Interest Income | 13.51B | 15.56B | 14.53B | 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 |
| Non-Interest Income % | 45.09% | 49.31% | 47.99% | 49.49% | 45.77% | 44.56% | 47.22% | 43.35% | 44.89% | 46.01% | 45.65% | 36.49% | 42.87% | 43.81% | 44.98% | 40.16% | 43.82% | 45.15% | 50.18% | 48.28% |
| Total Net Revenue | 29.96B | 31.56B | 30.27B | 31.18B | 28.09B | 26.46B | 27.37B | 25.35B | 25.34B | 25.38B | 25.82B | 21.96B | 25.17B | 25.2B | 26.26B | 24.53B | 24.5B | 22.69B | 23.23B | 22.06B |
| Revenue Growth % | 6.66% | 19.25% | 10.62% | 23.01% | 10.82% | 4.28% | 6% | 15.43% | 0.71% | 0.71% | -1.68% | -10.49% | 2.71% | 11.06% | 13.04% | 11.21% | 7.63% | 5.69% | 1.78% | 9.76% |
| Non-Interest Expense | 19.48B | 18.63B | 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 |
| Efficiency Ratio | 65.02% | 59.02% | 61.21% | 55.92% | 61.72% | 64.93% | 64.93% | 66.23% | 65.02% | 64.27% | 66.76% | 80.75% | 62.93% | 63.65% | 61.84% | 63.36% | 62.46% | 67.32% | 65.95% | 66.78% |
| Operating Income | 9.21B | 11.56B | 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 |
| Operating Margin % | 30.74% | 36.65% | 34.37% | 39.88% | 33.67% | 29.05% | 29.66% | 28.04% | 28.9% | 29.79% | 28.13% | 14.23% | 32.17% | 31.88% | 34.61% | 32.19% | 33.88% | 30.38% | 33.92% | 35.44% |
| Operating Income Growth % | -2.6% | 50.43% | 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% |
| Pretax Income | 8.97B | 11.56B | 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 |
| Pretax Margin % | 29.93% | 36.65% | 34.37% | 39.88% | 33.67% | 29.05% | 29.66% | 28.04% | 28.9% | 29.79% | 28.13% | 14.23% | 32.17% | 31.88% | 34.61% | 32.19% | 33.88% | 30.38% | 33.92% | 35.44% |
| Income Tax | 2.03B | 2.49B | 1.82B | 4.91B | 987M | 572M | 720M | 443M | 428M | 663M | 588M | -20M | 293M | 626M | 928M | 765M | 1.22B | 645M | 812M | 805M |
| Effective Tax Rate % | 22.68% | 21.54% | 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% |
| Net Income | 6.93B | 9.07B | 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 |
| Net Margin % | 23.14% | 28.75% | 28.36% | 24.14% | 30.15% | 26.89% | 27.03% | 26.3% | 27.21% | 27.18% | 25.85% | 14.32% | 31% | 29.4% | 31.08% | 29.07% | 28.9% | 27.53% | 30.42% | 31.79% |
| Net Income Growth % | -18.14% | 27.52% | 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% |
| Net Income (Continuing) | 6.93B | 9.07B | 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 |
| EPS (Diluted) | 0.91 | 1.20 | 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 |
| EPS Growth % | -14.15% | 34.83% | 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% |
| EPS (Basic) | 0.93 | 1.22 | 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 |
| Diluted Shares Outstanding | 7.31B | 7.29B | 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 |