Bank of America Corporation (BAC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone joining today's Bank of America earnings announcement. At this time all participants are in a listen only mode. Please note this call is being recorded. We're standing by if you should need any assistance. It is now my pleasure to turn the meeting over to Lee McIntyre. Please go ahead. Thank you Leo. Good morning. Thank you for joining us to review our fourth quarter results. During the quarter we elected to change the accounting method related to our tax-related equity investments in order to better align our financial statement presentation with the economic and financial impact of those investments. As a result, we filed an 8K on January the 6th and a related mini supplemental package recasting the numbers for the quarters of 2024 and 2025 and the full year of 23 and 24. The primary impact of the accounting change was a reclassification between the income statement line items in our income statement, which had an insignificant impact on net income. Our discussion today is based on those recast numbers. As usual, our earnings release documents are available on the investor relations section of the bankofamerica.com website. Those documents include the earnings presentation that we will make reference to during the call. Brian Moynihan will make some brief comments before turning the call over to Alistair Borthwick, our CFO, to discuss more of the details in the quarter. Let me remind you that we may make forward-looking statements and refer to non-GAAP financial measures during the call. Forward-looking statements are based on management's current expectations and assumptions and that are subject to risk and uncertainties. Factors that may cause our actual results to materially differ from expectations are detailed in our earnings materia...