Bank Of America Corporation · NYSE:BAC
Bank Of America — Q4 2025 Earnings Presentation
31 slides from Bank Of America's earnings presentation, Jan 14, 2026
Slide 1: Bank of America 4Q25 Financial Results
Bank of America 4Q25 Financial Results January 14, 2026
Slide 2: 2025 Highlights
2025 Highlights1 Earnings Growth Revenue Growth Balance Sheet Strength Net income $30.5B Revenue $113.1B4 Deposits $2.0T5 +13% YoY +7% YoY +3% YoY EPS $3.812 Net interest income Loans $1.2T5 +19% YoY +7% YoY +8% YoY Operating leverage3 Sales & trading CET1 11.4% 2.5% +11% YoY well above reg. min.6 E
Slide 3: Continued Organic Growth in 2025
Continued Organic Growth in 2025 Consumer Banking Global Wealth & Investment Management Added ~680,000 net new checking accounts; $4.8T client balances,2 up 12% YoY, with AUM balances completed 28 consecutive quarters of net growth of $2.2T, up 16% ~3.8MM new credit card accounts1 Added ~21,000 net
Slide 4: 4Q25 Financial Results
4Q25 Financial Results Summary Income Statement 4Q25 3Q25 Inc / (Dec) 4Q24 Inc / (Dec) ($B, except per share data) Total revenue, net of interest expense $28.4 $29.0 ($0.7) (2) % $26.5 $1.9 7 % Provision for credit losses 1.3 1.3 — 1 1.5 (0.1) (10) Net charge-offs 1.3 1.4 (0.1) (6) 1.5 (0.2) (12) Re
Slide 5: 4Q25 Highlights
4Q25 Highlights (Comparisons to 4Q24, unless otherwise noted) • Net income of $7.6B; EPS of $0.98; ROE 10.4%, ROTCE1 14.0% • Revenue, net of interest expense, of $28.4B ($28.5B FTE)1 increased $1.9B, or 7%, reflecting higher net interest income (NII), asset management fees, and sales and trading rev
Slide 6: Balance Sheet, Liquidity, and Capital
Balance Sheet, Liquidity, and Capital (EOP basis unless noted) Balance Sheet Metrics 4Q25 3Q25 4Q24 Basel 3 Capital ($B)3,4 4Q25 3Q25 4Q24 Assets ($B) Common equity tier 1 capital $201 $203 $201 Total assets $3,410 $3,403 $3,261 Standardized approach Total loans and leases 1,186 1,166 1,096 Risk-wei
Slide 7: Average Deposit and Rate Paid Trends
Average Deposit and Rate Paid Trends Total Corporation ($T) Consumer Banking ($B) $2.25 4.00% $1,200 4.00% $1.96 $1.99$2.01 $1.88 $1,006 $942 $947$945 3.00% $900 3.00% $1.50 1.94% 1.78% 2.00% $600 2.00% 1.63% $0.75 1.00% $300 1.00% 0.64% 0.58% 0.55% $0.00 0.00% $0 0.00% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24
Slide 8: Average Loan and Lease Trends
Average Loan and Lease Trends Total Loans and Leases ($B) Total Loans and Leases by Portfolio ($B) $1,500 $750 $680 $692 $632 $658 YoY $620 $1,128 $1,153 $1,171 +8% $1,081 $1,094 $1,000 $500 $461 $462 $470 $473 $478 $500 $250 $0 $0 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 Consumer Commercia
Slide 9: Net Interest Income
Net Interest Income Net Interest Income (FTE, $B)1 • Net interest income of $15.8B ($15.9B FTE)1 – Increased $0.5B from 3Q25, driven by higher NII related to $18.0 $15.9 Global Markets (GM) activity, higher deposit and loan balances, $14.8 $15.4 and fixed-rate asset repricing, partially offset by th
Slide 10: Expense and Efficiency
Expense and Efficiency Total Noninterest Expense ($B) $20.0 $16.8 $17.8 $17.2 $17.3 $17.4 6.5 6.9 6.9 6.8 6.8 $10.0 10.2 10.9 10.3 10.5 10.6 $0.0 4Q24 1Q25 2Q25 3Q25 4Q25 Compensation and benefits Other Efficiency Ratio 65% 63% 63% 63% 61% 60% 60% 55% 50% 4Q24 1Q25 2Q25 3Q25 4Q25 • Efficiency ratio
Slide 11: Asset Quality
Asset Quality Net Charge-offs ($MM)1 • Total net charge-offs1 of $1.3B decreased $80MM from 3Q25 $2,000 1.00% – Consumer net charge-offs of $1.0B $1,466 $1,525 increased $14MM $1,452 $1,500 $1,367 $1,287 0.75% ▪ Credit card charge-off rate of 3.40% in 4Q25 vs. 3.46% in 3Q25 $1,000 0.50% 0.54% 0.54%
Slide 12: Asset Quality – Consumer and Commercial Portfolios
Asset Quality – Consumer and Commercial Portfolios Consumer Net Charge-offs ($MM) Consumer Metrics ($MM) 4Q25 3Q25 4Q24 Provision $918 $858 $1,083 $1,200 $1,107 $1,119 $1,059 1.50% $978 $992 Nonperforming loans and leases 2,576 2,531 2,647 % of loans and leases1 0.53 % 0.53 % 0.57 % $800 1.00% Consu
Slide 13: Consumer Banking
Consumer Banking Inc / (Dec) • Net income of $3.3B Summary Income Statement ($MM) 4Q25 3Q25 4Q24 • Revenue of $11.2B increased 5% from 4Q24, driven Total revenue, net of interest expense $11,201 $35 $555 by higher net interest income Provision for credit losses 1,066 57 (188) • Provision for credit
Slide 14: Global Wealth & Investment Management
Global Wealth & Investment Management Inc / (Dec) • Net income of $1.4B Summary Income Statement ($MM) 4Q25 3Q25 4Q24 • Revenue of $6.6B increased 10% from 4Q24, driven Total revenue, net of interest expense $6,618 $306 $616 primarily by higher asset management fees, reflecting Provision (benefit) f
Slide 15: Global Banking
Global Banking Inc / (Dec) • Net income of $2.1B Summary Income Statement ($MM) 4Q25 3Q25 4Q24 • Revenue of $6.2B increased 2% from 4Q24, driven Total revenue, net of interest expense1 $6,238 $49 $142 primarily by higher treasury services charges and Provision for credit losses 243 (26) 53 leasing-r
Slide 16: Global Markets
Global Markets1 Inc / (Dec) • Net income of $1.0B (incl. and excl. net DVA)3 Summary Income Statement ($MM) 4Q25 3Q25 4Q24 • Revenue of $5.3B increased 10% from 4Q24, driven Total revenue, net of interest expense2 $5,304 ($921) $466 by higher sales and trading revenue Net DVA (17) (31) 2 • Sales and
Slide 17: All Other
All Other1 Inc / (Dec) • Net loss of $132MM Summary Income Statement ($MM) 4Q25 3Q25 4Q24 • The Corporation’s total effective tax rate (ETR) for Total revenue, net of interest expense ($829) ($131) $124 the quarter was approximately 21%; total corporate Provision (benefit) for credit losses (10) (14
Slide 18: 2026 Outlook
2026 Outlook Net Interest Income Expect FY26 NII (FTE) to grow 5% to 7% YoY1 • Expect 1Q26 NII (FTE) up ~7% YoY – 1Q includes two fewer days of interest accrual vs. 4Q and full impact of December rate cut • Assumes January 9, 2026 forward curve materializes, continued fixed-rate asset repricing, dep
Slide 19: Supplemental Business Segment Trends
Supplemental Business Segment Trends
Slide 20: Consumer Banking Trends
Consumer Banking Trends Business Leadership1 Total Revenue ($B) Total Expense ($B) and Efficiency • No. 1 in U.S. Consumer Deposits(A) $5.6 $5.8 $5.6 $5.6 $5.7 $12.0 $11.2 $11.2 $6.0 70% $10.6 $10.5 $10.8 • No. 1 Small Business Lender(B) 2.2 2.1 2.2 2.0 2.1 • No. 1 in Retail Banking Advice Satisfact
Slide 21: Consumer Digital Update
Consumer1 Digital Update Digital Adoption Client Engagement Digital Users2 and Households3 Client Digital Interactions (B)4 Digitally-Enabled Sales5 58 59 60 56 57 100% 5.0 4.3 2,000 1,789 1,873 100% 3.9 1,579 48 49 4.0 1,397 50 46 90% 3.3 3.4 1,500 75% 44 3.0 3.1 3.0 2.8 2.5 69% 40 80% 1,000 61% 50
Slide 22: Global Wealth & Investment Management Trends
Global Wealth & Investment Management Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State $300 $285 $286 $277 $277 $279 $300 $246 $257 Wealth Management Teams (2026), Top Next $237 72 77 $229
Slide 23: Global Wealth & Investment Management Digital Update
Global Wealth & Investment Management Digital Update Digital Adoption1 Client Engagement Digital Households / Relationships2 Digital Channel Adoption3 eDelivery4 800 761 100% 100% 100% 750 83% 728 81% 79% 81% 690 74% 76% 77% 77% 700 90% 75% 66% 75% 60% 63% 57% 600 85% 86% 80% 50% 50% 84% 82% 500 70%
Slide 24: Global Banking Trends
Global Banking Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • North America’s Most Innovative Bank – $750 $500 2025(G) $656 $603 $632 • World’s Best Bank for Small to Medium-sized $582 $575 $375 $379 $388 $388 $386 Enterprises; North America’s Best Transaction Bank
Slide 25: Global Banking Digital Update
Global Banking Digital Update Digital Adoption Client Engagement Relationship Client Adoption1 Mobile App Sign-ins (K)2 CashPro® App Payments 100% 3,000 $400 8.0 86% 86% 86% 86% 2,620 $336 75% 2,119 $300 $284 6.0 2,000 $245 1,676 1,403 $181 5.0 50% $200 4.0 4.5 1,000 3.7 3.2 25% $100 2.0 0% 0 $0 0.0
Slide 26: Global Markets Trends and Revenue Mix
Global Markets Trends and Revenue Mix Business Leadership1 2025 Global Markets Revenue Mix 2025 Total FICC S&T Revenue Mix • Global Derivatives House of the Year(M) (excl. net DVA)2 (excl. net DVA)2 • CLO Trading Desk of the Year(M) • Currency Derivatives House of the Year(N) • Commodity Derivatives
Slide 27: Notes
Notes A Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of U.S. government securities, U.S. agency securities, U.S. agency MBS, and a select group of non-U.S. government and supranational securities, and other investment-grade securities, and
Slide 28: Business Leadership Sources
Business Leadership Sources (A) FFIEC Call Reports, 3Q25. (B) FDIC, 3Q25. (C) J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.* (D) J.D. Power 2025 U.
Slide 29: Forward-Looking Statements
Forward-Looking Statements Bank of America Corporation (the Corporation) and its management may make certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do
Slide 30: Important Presentation Information
Important Presentation Information • The information contained herein is preliminary and based on Corporation data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying slides. Bank of America does not undertake an obligati
Slide 31: Bank of America
BANK OF AMERICA