Q4 25 EPS
$0.98
BEAT +0.34%
Est. $0.98
Q4 25 Revenue
$28.37B
vs S&P Since Q4 25
-1.5%
TRAILING MARKET
BAC +2.9% vs S&P +4.4%
Full Year 2025 Results
FY 25 EPS
$3.81
BEAT +0.09%
Est. $3.81
FY 25 Revenue
$113.10B
BEAT +2.83%
Est. $109.99B
Market Reaction
Did BAC Beat Earnings? Q4 2025 Results
Bank of America closed out fiscal 2025 on a firm note, posting fourth-quarter earnings per share of $0.98 against a consensus estimate of $0.98, a 0.34% beat, even as reported revenue of $28.37 billion reflected a 39.6% year-over-year decline. The cl… Read more Bank of America closed out fiscal 2025 on a firm note, posting fourth-quarter earnings per share of $0.98 against a consensus estimate of $0.98, a 0.34% beat, even as reported revenue of $28.37 billion reflected a 39.6% year-over-year decline. The clearest engine behind the quarter's strength was a 10% surge in net interest income to $15.75 billion, the fifth consecutive quarter of sequential NII improvement, fueled by fixed-rate asset repricing, rising deposit balances that topped $2.00 trillion for the first time, and average loan growth of 8% year-over-year to $1.17 trillion. Credit quality added to the constructive picture, with net charge-offs falling to $1.29 billion from $1.47 billion a year ago. The bank returned $8.40 billion to shareholders through dividends and buybacks, 41% more than in 2024, while the CET1 ratio held at 11.4%. CEO Brian Moynihan expressed confidence heading into 2026, with management guiding for NII growth of 5-7% and approximately 200 basis points of operating leverage for the full year.
Key Takeaways
- • Net interest income grew 10% YoY driven by Global Markets activity, fixed-rate asset repricing, and higher deposit and loan balances
- • Average deposits topped $2 trillion, increasing 3% YoY with 10th consecutive quarter of sequential growth
- • Average loans and leases grew 8% YoY to $1.17 trillion with growth across every business segment
- • Asset management fees increased 13% to $4.1 billion reflecting higher market valuations and strong AUM flows
- • Sales and trading revenue of $4.5 billion increased 10% marking 15th consecutive quarter of YoY growth
- • Equities sales and trading revenue surged 23% driven by increased client activity
- • Combined credit/debit card spend of $255 billion increased 6%
- • Net charge-off ratio improved to 0.44% from 0.54% in 4Q24
- • Efficiency ratio improved 194 bps YoY to 61%
- • Tangible book value per share increased to $28.73 from $26.37 YoY
- • Book value per share increased to $38.44 from $35.58 YoY
- • Pretax, pre-provision income of $10.9 billion in Q4, up from $9.7 billion in Q4 2024
BAC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
BAC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Bank of America's fourth quarter results capped off a strong year of earnings as we delivered more than $30 billion in net income and EPS grew 19% over 2024. And with solid revenue growth, positive operating leverage and a lower efficiency ratio, we improved returns year-over-year for both the full year and the quarter.”
— Brian Moynihan, Q4 2025 Earnings Press Release
BAC Earnings Trends
BAC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BAC EPS Trend
Earnings per share: estimate vs actual
BAC Revenue Trend
Quarterly revenue: estimate vs actual
BAC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.11 | — | $30.27B | — |
| Q4 25 BEAT FY | $0.98 | $0.98 | +0.34% | $28.37B | — |
| FY Full Year | $3.81 | $3.81 | +0.09% | $113.10B | +2.83% |
| Q3 25 BEAT | $0.95 | $1.06 | +12.04% | $28.09B | +2.29% |
| Q2 25 BEAT | $0.87 | $0.89 | +2.18% | $26.46B | -1.16% |
| Q1 25 BEAT | $0.82 | $0.90 | +10.28% | $27.37B | +1.71% |