Bank Of America Corporation · NYSE:BAC
Bank Of America — Q3 2025 Earnings Presentation
30 slides from Bank Of America's earnings presentation, Oct 15, 2025
Slide 1: Bank of America 3Q25 Financial Results
Bank of America 3Q25 Financial Results October 15, 2025
Slide 2: 3Q25 Highlights
3Q25 Highlights Balance Sheet Strength Revenue Growth Earnings Growth Deposits $2.0T1 Revenue $28.1B4 Net income $8.5B +4% YoY +11% YoY +23% YoY Loans $1.2T1 Net interest income EPS $1.065 +8% YoY +9% YoY +31% YoY CET1 11.6% Sales & trading Operating leverage6 well above reg. min.2 +9% YoY 5.6% Robu
Slide 3: 3Q25 Financial Results
3Q25 Financial Results Summary Income Statement 3Q25 2Q25 Inc / (Dec) 3Q24 Inc / (Dec) ($B, except per share data) Total revenue, net of interest expense $28.1 $26.5 $1.6 6 % $25.3 $2.7 11 % Provision for credit losses 1.3 1.6 (0.3) (19) 1.5 (0.2) (16) Net charge-offs 1.4 1.5 (0.2) (10) 1.5 (0.2) (1
Slide 4: 3Q25 Highlights
3Q25 Highlights (Comparisons to 3Q24, unless otherwise noted) • Net income of $8.5B; EPS of $1.06; ROE 11.5%, ROTCE1 15.4% • Revenue, net of interest expense, of $28.1B ($28.2B FTE)1 increased $2.7B, or 11%, reflecting higher net interest income (NII), investment banking and asset management fees, a
Slide 5: Continued Organic Growth in 3Q25
Continued Organic Growth in 3Q25 Consumer Banking Global Wealth & Investment Management Added ~212,000 net new checking accounts; $4.6T client balances,2 up 11% YoY, with AUM balances 27 consecutive quarters of net growth of $2.1T, up 13% ~1MM new credit card accounts1 Added ~5,400 net new relations
Slide 6: Balance Sheet, Liquidity, and Capital
Balance Sheet, Liquidity, and Capital (EOP basis unless noted) Balance Sheet Metrics 3Q25 2Q25 3Q24 Basel 3 Capital ($B)3 3Q25 2Q25 3Q24 Assets ($B) Common equity tier 1 capital $203 $201 $200 Total assets $3,403 $3,441 $3,324 Standardized approach Total loans and leases 1,166 1,147 1,076 Risk-weigh
Slide 7: Average Deposit and Rate Paid Trends
Average Deposit and Rate Paid Trends Total Corporation ($T) Consumer Banking ($B) $1.96 $1.96 $1.97 $1.99 $2.00 $1.88 $1.88 $1.91 $1.91 $1.91 $1.92 4.00% $1,200 4.00% $1,006$980 $959 $952 $949 $938 $942 $948 $952 $947 $1.50 3.00% $900 3.00% 2.10% $600 2.00% $1.00 2.00% 1.76% 1.78% $0.50 1.00% $300 1
Slide 8: Average Loan and Lease Trends
Average Loan and Lease Trends Total Loans and Leases ($B) Total Loans and Leases by Portfolio ($B) $1,153 YoY $1,200 $1,081 $1,094 $1,128 +9% $750 $1,060 $658 $680 $620 $632 $602 $800 $500 $458 $461 $462 $470 $473 $400 $250 $0 $0 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Consumer Commercial
Slide 9: Net Interest Income
Net Interest Income Net Interest Income (FTE, $B)1 • Net interest income of $15.2B ($15.4B FTE)1 $15.4 – Increased $0.6B from 2Q25, driven by higher NII related to Global $16.0 $14.5 $14.6 $14.8 Markets (GM) activity, fixed-rate asset repricing, one additional $14.1 day of interest accrual, and high
Slide 10: Expense and Efficiency
Expense and Efficiency Total Noninterest Expense ($B) $20.0 $16.5 $16.8 $17.8 $17.2 $17.3 6.5 6.9 6.9 6.8 6.6 $10.0 9.9 10.2 10.9 10.3 10.5 $0.0 3Q24 4Q24 1Q25 2Q25 3Q25 Compensation and benefits Other Efficiency Ratio 70% 66% 65% 65% 65% 62% 60% 50% 3Q24 4Q24 1Q25 2Q25 3Q25 • 3Q25 noninterest expen
Slide 11: Asset Quality
Asset Quality Net Charge-offs ($MM)1 • Total net charge-offs1 of $1.4B decreased $158MM from 2Q25 $2,000 1.00% – Consumer net charge-offs of $1.0B decreased $1,534 $1,466 $1,525 $81MM, driven by lower credit card losses $1,452 $1,500 $1,367 0.75% ▪ Credit card charge-off rate of 3.46% in 3Q25 vs. 3.
Slide 12: Asset Quality – Consumer and Commercial Portfolios
Asset Quality – Consumer and Commercial Portfolios Consumer Net Charge-offs ($MM) Consumer Metrics ($MM) 3Q25 2Q25 3Q24 Provision $858 $1,084 $1,125 $1,200 $1,107 $1,119 $1,059 1.50% $1,044 Nonperforming loans and leases 2,531 2,564 2,677 $978 % of loans and leases1 0.53 % 0.54 % 0.58 % $800 1.00% C
Slide 13: Consumer Banking
Consumer Banking Inc / (Dec) • Net income of $3.4B Summary Income Statement ($MM) 3Q25 2Q25 3Q24 • Revenue of $11.2B increased 7% from 3Q24, driven Total revenue, net of interest expense $11,166 $353 $748 by higher net interest income Provision for credit losses 1,009 (273) (293) • Provision for cre
Slide 14: Global Wealth & Investment Management
Global Wealth & Investment Management Inc / (Dec) • Net income of $1.3B Summary Income Statement ($MM) 3Q25 2Q25 3Q24 • Revenue of $6.3B increased 10% from 3Q24, driven Total revenue, net of interest expense $6,312 $375 $550 primarily by higher asset management fees from Provision for credit losses
Slide 15: Global Banking
Global Banking Inc / (Dec) • Net income of $2.1B Summary Income Statement ($MM) 3Q25 2Q25 3Q24 • Revenue of $6.2B increased 7% from 3Q24, driven Total revenue, net of interest expense1 $6,245 $555 $411 primarily by higher investment banking fees and Provision for credit losses 269 (8) 40 treasury se
Slide 16: Global Markets
Global Markets1 Inc / (Dec) • Net income of $1.6B (incl. and excl. net DVA)3 Summary Income Statement ($MM) 3Q25 2Q25 3Q24 • Revenue of $6.2B increased 11% from 3Q24, driven Total revenue, net of interest expense2 $6,224 $244 $594 primarily by higher sales and trading revenue and Net DVA 14 65 22 in
Slide 17: All Other
All Other1 Inc / (Dec) • Net loss of $6MM Summary Income Statement ($MM) 3Q25 2Q25 3Q24 • The Corporation’s total effective tax rate (ETR) for Total revenue, net of interest expense ($1,705) $107 $447 the quarter was approximately 10% Provision (benefit) for credit losses 4 13 7 – The primary driver
Slide 18: Supplemental Business Segment Trends
Supplemental Business Segment Trends
Slide 19: Consumer Banking Trends
Consumer Banking Trends Business Leadership1 Total Revenue ($B) Total Expense ($B) and Efficiency • No. 1 in U.S. Consumer Deposits(A) $5.8 $12.0 $11.2 $6.0 $5.5 $5.6 $5.6 $5.6 70% • No. 1 Small Business Lender(B) $10.4 $10.6 $10.5 $10.8 • No. 1 in Retail Banking Advice 2.1 2.2 2.1 2.2 2.0 Satisfact
Slide 20: Consumer Digital Update
Consumer1 Digital Update Digital Adoption Client Engagement Digital Users2 and Households3 Client Digital Interactions (B)4 Digitally-Enabled Sales5 58 59 60 56 57 100% 5.0 2,500 100% 4.2 2,026 49 4.0 3.6 2,000 1,855 1,809 50 46 48 90% 3.2 3.4 75% 43 3.0 3.0 1,503 3.0 2.7 1,500 2.5 66% 40 80% 50% 2.
Slide 21: Global Wealth & Investment Management Trends
Global Wealth & Investment Management Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State $300 $280 $285 $286 $277 $277 $300 Wealth Management Teams (2025), and Top $237 $246 68 72 77 $225 $2
Slide 22: Global Wealth & Investment Management Digital Update
Global Wealth & Investment Management Digital Update Digital Adoption1 Client Engagement Digital Households / Relationships2 Digital Channel Adoption3 eDelivery4 800 760 100% 100% 100% 741 83% 716 76% 76% 76% 76% 78% 80% 72% 700 672 90% 75% 65% 75% 60% 62% 57% 600 84% 86% 80% 50% 50% 83% 80% 500 70%
Slide 23: Global Banking Trends
Global Banking Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • North America’s Most Innovative Bank – 2025(H) $750 $500 • World’s Best Bank for Trade Finance and for FX $603 $632 Payments; North America’s Best Digital Bank, Best $582 $575 $371 $375 $379 $388 $388 Ba
Slide 24: 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% 2,442 $283 $299 75% 2,042 $300 6.0 2,000 1,629 $192 50% 1,199 $200 $164 4.7 4.0 4.3 1,000 3.6 25% $100 3.0 2.0 0% 0 $0 0.0
Slide 25: Global Markets Trends and Revenue Mix
Global Markets Trends and Revenue Mix Business Leadership1 2025 YTD Global Markets Revenue Mix 2025 YTD Total FICC S&T Revenue Mix • Global Derivatives House of the Year(N) (excl. net DVA)2 (excl. net DVA)2 • CLO Trading Desk of the Year(N) • CMBS Bank of the Year(N) • Best Sell-Side Trading Desk(O)
Slide 26: 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 27: Business Leadership Sources
Business Leadership Sources (A) FFIEC Call Reports, 2Q25. (B) FDIC, 2Q25. (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 28: 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 29: 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 30: Bank of America
BANK OF AMERICA