Q1 26 EPS
$1.11
Q1 26 Revenue
$30.27B
Did BAC Beat Earnings? Q1 2026 Results
Bank of America delivered a standout first quarter for 2026, posting earnings per share of $1.11 and revenue of $30.27 billion as net income climbed 17% year-over-year to $8.58 billion, extending the company's streak of beating consensus EPS estimate… Read more Bank of America delivered a standout first quarter for 2026, posting earnings per share of $1.11 and revenue of $30.27 billion as net income climbed 17% year-over-year to $8.58 billion, extending the company's streak of beating consensus EPS estimates to four consecutive quarters. The headline driver was a broad resurgence across virtually every revenue line: net interest income rose 9% to $15.74 billion on higher deposit and loan balances and fixed-rate asset repricing, while sales and trading revenue gained 13% to $6.39 billion and investment banking fees jumped 21% to $1.84 billion. Average deposits of $2.02 trillion grew 3%, marking the 11th consecutive quarter of sequential growth, and the credit card charge-off rate eased to 3.64% from 4.05% a year ago, signaling improving consumer health. The company returned $9.30 billion to shareholders through buybacks and dividends. Looking ahead, CEO Brian Moynihan acknowledged evolving risks tied to trade policy and interest rate shifts, noting that a 100 basis point rate decline could reduce net interest income by $2.00 billion over the next 12 months, though he described client activity as healthy and the broader economy as resilient.
Key Takeaways
- • Net interest income grew 9% YoY driven by higher NII from Global Markets activity, higher deposit and loan balances, and fixed-rate asset repricing
- • Sales and trading revenue increased 13% YoY with equities up 30%
- • Asset management fees rose 15% reflecting higher market valuations and strong AUM flows
- • Investment banking fees grew 21% YoY
- • Average deposits grew 3% YoY for 11th consecutive quarter of sequential growth
- • Average loans grew 9% YoY with growth across every business segment
- • Combined credit/debit card spend up 7% to $245 billion
- • Operating leverage of 2.9% with efficiency ratio improving to 61%
BAC Forward Guidance & Outlook
Bank of America noted that a 100 basis point parallel shift below the March 31, 2026 forward interest rate yield curve is estimated to reduce net interest income by $2.0 billion over the next 12 months. BofA Global Research estimates U.S. real GDP growth of 2.1% in 2026 and 2.3% in 2027, with CPI inflation of 3.5% in 2026 and 3.1% in 2027. CEO Moynihan stated the company remains watchful of evolving risks but sees healthy client activity and a resilient American economy. The forward-looking statements caution about risks from trade policies and tariffs, interest rate fluctuations, geopolitical instability, and potential credit deterioration.
BAC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BAC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Earnings per share rose 25% year-over-year, starting 2026 with strong momentum. Net income of $8.6 billion reflected the team's disciplined execution.”
— Brian Moynihan, Q1 2026 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% |