Bank of America

Financials Diversified Banks Charlotte, North Carolina Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$138.6B
                    3y CAGR +24.1%
                    
                    P79
                    
                    -5.5%
                    
                    Net income
                    FY2025
                
$30.5B
                    Net margin +22.0%
                    
                    P40
                    
                    +12.4%
                    
                    Total assets
                    FY2025
                
$3.4T
                    ROA +0.9%
                    
                    P12
                    
                    +4.6%
                    
                    Operating cash flow
                    FY2025
                
$12.6B
                    
                    +243.2%

19 yrs · FY2007–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

18 accounts · 10 years

Total assets $3.4T

Total liabilities $3.1T

Shareholders equity $303.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$231.8B -20.1%	$290.1B -12.9%	$333.1B 44.7%	$230.2B -33.9%	$348.2B -8.5%	$380.5B 135.5%	$161.6B -54.5%	$354.8B 125.4%	$157.4B -46.7%	$295.5B
Investment Securities	$1.3T 4.9%	$1.2T 7.2%	$1.1T -0.9%	$1.2T -5.8%	$1.2T 39.2%	$883.7B 25.9%	$702.0B -18.3%	$859.8B -21.1%	$1.1T 78.4%	$610.9B
Loans net	$1.2T 8.3%	$1.1T 4.1%	$1.0T 0.7%	$1.0T 6.9%	$966.7B 4.2%	$927.9B -5.7%	$983.4B 4.9%	$937.3B 1.2%	$926.4B 3.5%	$895.4B
Property,Plant and Equipment	$12.5B 2.9%	$12.2B 2.6%	$11.9B 3.0%	$11.5B 6.2%	$10.8B -1.5%	$11.0B 4.2%	$10.6B 6.6%	$9.9B 7.1%	$9.2B 1.2%	$9.1B
Goodwill	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.1%	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.0%	$69.0B
Other Assets	$633.3B 10.0%	$575.6B -0.2%	$577.0B 5.2%	$548.6B 0.7%	$544.9B -0.5%	$547.7B 7.9%	$507.6B 2.5%	$495.3B 7.8%	$459.3B 0.8%	$455.8B
Total Assets	$3.4T 4.6%	$3.3T 2.6%	$3.2T 4.2%	$3.1T -3.7%	$3.2T 12.4%	$2.8T 15.8%	$2.4T 3.4%	$2.4T 3.2%	$2.3T 4.3%	$2.2T
Liabilities
Deposits	$2.0T 2.7%	$2.0T 2.2%	$1.9T -0.3%	$1.9T -6.5%	$2.1T 15.0%	$1.8T 25.1%	$1.4T 3.9%	$1.4T 5.5%	$1.3T 3.9%	$1.3T
Short Term Borrowings	$344.7B 3.9%	$331.8B 16.9%	$283.9B 45.1%	$195.6B 1.7%	$192.3B 12.9%	$170.3B 3.2%	$165.1B -11.7%	$187.0B 5.7%	$176.9B 3.9%	$170.3B
Long Term Debt	$317.8B 12.2%	$283.3B -6.3%	$302.2B 9.5%	$276.0B -1.5%	$280.1B 6.5%	$262.9B 9.2%	$240.9B 5.0%	$229.4B 0.9%	$227.4B 4.9%	$216.8B
Other Liabilities	$427.3B 10.4%	$386.9B 2.2%	$378.6B 0.6%	$376.2B 3.8%	$362.6B 14.0%	$317.9B -3.2%	$328.5B 12.8%	$291.3B -3.0%	$300.3B 9.7%	$273.8B
Total Liabilities	$3.1T 4.8%	$3.0T 2.7%	$2.9T 4.0%	$2.8T -4.2%	$2.9T 13.9%	$2.5T 17.4%	$2.2T 3.8%	$2.1T 3.7%	$2.0T 4.8%	$1.9T
Equity
Total Stockholders Equity	$303.2B 3.2%	$294.0B 0.8%	$291.6B 6.8%	$273.2B 1.2%	$270.1B -1.0%	$272.9B 3.1%	$264.8B -0.2%	$265.3B -0.7%	$267.1B 0.4%	$266.2B
Common Stock	$26.1B -42.5%	$45.3B -19.6%	$56.4B -4.4%	$59.0B -5.5%	$62.4B -27.4%	$86.0B -6.3%	$91.7B -22.9%	$118.9B -13.9%	$138.1B -6.1%	$147.0B
Retained Earnings	$261.7B 8.7%	$240.8B 7.2%	$224.7B 8.5%	$207.0B 10.1%	$188.1B 14.6%	$164.1B 5.0%	$156.3B 14.7%	$136.3B 19.8%	$113.8B 12.4%	$101.2B
Accumulated Other Comprehensive Income	$-10.5B 31.1%	$-15.3B 14.1%	$-17.8B 15.9%	$-21.2B -314.5%	$-5.1B -208.2%	$-1.7B 75.0%	$-6.6B 45.7%	$-12.2B -72.4%	$-7.1B 2.8%	$-7.3B
Preferred Stock	$26.0B 12.2%	$23.2B -18.4%	$28.4B 0.0%	$28.4B 14.9%	$24.7B 0.8%	$24.5B 4.7%	$23.4B 4.8%	$22.3B 0.0%	$22.3B -11.5%	$25.2B
Total Liabilitiesand Equity	$3.4T 4.6%	$3.3T 2.6%	$3.2T 4.2%	$3.1T -3.7%	$3.2T 12.4%	$2.8T 15.8%	$2.4T 3.4%	$2.4T 3.2%	$2.3T 4.3%	$2.2T

Income Statement

Revenue, expense, and profitability

11 accounts · 10 years

Revenue $138.6B

Operating income Not reported

Net income $30.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Interest Income Total Interest Income	$138.6B -5.5%	$146.6B 12.5%	$130.3B 79.5%	$72.6B 52.2%	$47.7B -7.6%	$51.6B -27.6%	$71.2B 6.7%	$66.8B 16.0%	$57.6B 12.8%	$51.1B
Interest Expense Interest Expense	$78.5B -13.3%	$90.5B 23.5%	$73.3B 264.8%	$20.1B 324.3%	$4.7B -42.4%	$8.2B -63.2%	$22.3B 20.1%	$18.6B 50.8%	$12.3B 23.9%	$10.0B
net Interest Income net Interest Income	$60.1B 7.2%	$56.1B -1.5%	$56.9B 8.5%	$52.5B 22.2%	$42.9B -1.0%	$43.4B -11.3%	$48.9B 1.5%	$48.2B 6.5%	$45.2B 10.1%	$41.1B
Noninterest Income Total Noninterest Income	$53.0B 15.7%	$45.8B 10.0%	$41.6B -2.0%	$42.5B -8.0%	$46.2B 9.5%	$42.2B -0.4%	$42.4B -1.2%	$42.9B 2.3%	$41.9B -1.7%	$42.6B
Expenses Noninterest Expense	$69.7B 4.4%	$66.8B 1.5%	$65.8B 7.2%	$61.4B 2.9%	$59.7B 8.2%	$55.2B 0.6%	$54.9B 3.3%	$53.2B -2.5%	$54.5B -0.8%	$55.0B
Income Tax Income Tax Expense	$7.2B 238.6%	$2.1B 16.1%	$1.8B -46.9%	$3.4B 72.2%	$2.0B 81.5%	$1.1B -79.3%	$5.3B -17.3%	$6.4B -41.4%	$11.0B 51.5%	$7.2B
net Income Other Items Below Tax	$-7.1B 4.3%	$-7.5B -23.3%	$-6.0B -49.0%	$-4.1B -227.8%	$3.2B 124.9%	$-12.7B -153.7%	$-5.0B -26.8%	$-4.0B -145.4%	$-1.6B -895.1%	$203.0M
net Income net Income	$30.5B 12.4%	$27.1B 2.3%	$26.5B -3.7%	$27.5B -13.9%	$32.0B 78.7%	$17.9B -34.8%	$27.4B -2.5%	$28.1B 54.4%	$18.2B 1.8%	$17.9B
Earnings Per Share Diluted Eps	$4 18.7%	$3 4.2%	$3 -3.4%	$3 -10.6%	$4 90.9%	$2 -32.0%	$3 5.4%	$3 67.3%	$2 4.0%	$2
Earnings Per Share Basic Eps	$4 18.8%	$3 4.8%	$3 -3.4%	$3 -10.8%	$4 91.5%	$2 -32.1%	$3 4.9%	$3 62.0%	$2 3.2%	$2
Earnings Per Share Weighted Average Shares Diluted	$7.7B -3.2%	$7.9B -1.8%	$8.1B -1.1%	$8.2B -4.6%	$8.6B -2.7%	$8.8B -6.8%	$9.4B -7.8%	$10.2B -5.0%	$10.8B -2.3%	$11.0B

Cash Flow Statement

Operating, investing, and financing flows

13 accounts · 10 years

Operating cash flow $12.6B

Investing cash flow $-145.2B

Financing cash flow $69.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Cash From Operating Activities	$12.6B 243.2%	$-8.8B -119.6%	$45.0B 811.0%	$-6.3B 12.0%	$-7.2B -118.9%	$38.0B -38.5%	$61.8B 56.3%	$39.5B 300.6%	$9.9B -42.9%	$17.3B
Operating Activities net Income	$30.5B 13.1%	$27.0B 2.5%	$26.3B -4.4%	$27.5B -13.9%	$32.0B 78.7%	$17.9B -34.8%	$27.4B -2.5%	$28.1B 54.4%	$18.2B 2.3%	$17.8B
Operating Activities Depreciation and Amortization	$2.3B 5.7%	$2.2B 6.4%	$2.1B 4.0%	$2.0B 4.2%	$1.9B 3.0%	$1.8B 6.6%	$1.7B -16.2%	$2.1B -1.9%	$2.1B -6.2%	$2.2B
Operating Activities Stock Based Compensation	$4.0B 16.5%	$3.4B 16.7%	$2.9B 2.8%	$2.9B 3.4%	$2.8B 36.3%	$2.0B 2.9%	$2.0B 14.2%	$1.7B 4.9%	$1.6B 20.6%	$1.4B
Operating Activities Other Non Cash Items	$-24.2B 41.5%	$-41.4B -402.7%	$13.7B 135.3%	$-38.7B 11.7%	$-43.8B -370.2%	$16.2B -47.1%	$30.6B 304.2%	$7.6B 162.6%	$-12.1B -191.7%	$-4.2B
Investing Activities net Cash From Investing Activities	$-145.2B -60.1%	$-90.7B -156.3%	$-35.4B -1299.2%	$-2.5B 99.2%	$-313.3B -76.3%	$-177.7B -120.3%	$-80.6B -12.8%	$-71.5B -38.7%	$-51.5B 17.2%	$-62.3B
Investing Activities Other Investing Activities	$-145.2B -60.1%	$-90.7B -156.3%	$-35.4B -1299.2%	$-2.5B 99.2%	$-313.3B -76.3%	$-177.7B -120.3%	$-80.6B -12.8%	$-71.5B -38.7%	$-51.5B 17.2%	$-62.3B
Financing Activities net Cash From Financing Activities	$69.9B 15.9%	$60.4B -35.3%	$93.3B 188.0%	$-106.0B -136.4%	$291.6B -18.0%	$355.8B 10436.5%	$3.4B -93.6%	$53.1B 7.8%	$49.3B 48.6%	$33.2B
Financing Activities Dividends Paid	$-9.6B -0.6%	$-9.5B -4.6%	$-9.1B -6.0%	$-8.6B -6.5%	$-8.1B -4.2%	$-7.7B -30.2%	$-5.9B 13.9%	$-6.9B -21.0%	$-5.7B -35.9%	$-4.2B
Financing Activities Repurchase of Common Stock	$-21.4B -63.6%	$-13.1B -186.4%	$-4.6B 9.8%	$-5.1B 79.8%	$-25.1B -257.7%	$-7.0B 75.0%	$-28.1B -40.1%	$-20.1B -56.8%	$-12.8B -150.7%	$-5.1B
Financing Activities Other Financing Activities	$100.9B 21.7%	$83.0B -22.5%	$107.0B 215.8%	$-92.4B -128.4%	$324.8B -12.3%	$370.6B 889.4%	$37.5B -53.2%	$80.1B 18.2%	$67.8B 59.6%	$42.5B
Cash Reconciliation Effect of Exchange Rate On Cash	$4.3B 213.0%	$-3.8B -5371.4%	$-70.0M 97.8%	$-3.1B 8.4%	$-3.4B -223.7%	$2.8B 848.9%	$-368.0M 69.3%	$-1.2B -157.0%	$2.1B 777.1%	$240.0M
Cash Reconciliation net Change In Cash	$-58.3B -35.6%	$-43.0B -141.8%	$102.9B 187.2%	$-118.0B -266.0%	$-32.2B -114.7%	$218.9B 1481.6%	$-15.8B -179.3%	$20.0B 106.0%	$9.7B 183.5%	$-11.6B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	+22.0%	+18.5%	+20.4%	+37.9%	+67.1%	+34.7%	+38.5%	+42.2%	+31.7%	+35.1%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	+24.1%	+45.4%	+36.2%	+0.6%	-10.6%	-3.6%	+11.7%	+10.3%	+4.2%	-2.5%
Returns
ROE	+10.1%	+9.2%	+9.1%	+10.1%	+11.8%	+6.6%	+10.4%	+10.6%	+6.8%	+6.7%
ROA	+0.9%	+0.8%	+0.8%	+0.9%	+1.0%	+0.6%	+1.1%	+1.2%	+0.8%	+0.8%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	10.25x	10.09x	9.90x	10.17x	10.74x	9.33x	8.19x	7.87x	7.54x	7.22x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.04x	0.04x	0.04x	0.02x	0.02x	0.02x	0.03x	0.03x	0.03x	0.02x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

BAC $52 · 2025-09-29 · 397d old · FY2025

Market cap $402.6B

P/E 13.20x

P/S 2.91x

P/B 1.33x

EV $488.6B

EV/EBITDA —

FCF yield —

Dividend yield +2.4%

Notes

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