Bank of America

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

                    Revenue
                    FY2025
                
$138.6B
                    3y CAGR +24.1%
                    
                    P75
                    
                    -5.5%
                    
                    Net income
                    FY2025
                
$30.5B
                    Net margin +22.0%
                    
                    P64
                    
                    +13.1%
                    
                    Total assets
                    FY2025
                
$3.4T
                    ROA +0.9%
                    
                    P14
                    
                    +4.6%
                    
                    Operating cash flow
                    FY2025
                
$12.6B
                    
                    +243.2%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

22 accounts · 5 years

Total assets $3.4T

Total liabilities $3.1T

Shareholders equity $303.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$231.8B -20.1%	$290.1B -12.9%	$333.1B 44.7%	$230.2B -33.9%	$348.2B
Short Term Investments	$925.6B 0.9%	$917.3B 5.3%	$871.4B 1.0%	$862.8B -12.2%	$982.6B
Other Current Assets	$165.0B 1.8%	$162.1B 0.7%	$160.9B 6.7%	$150.8B -8.0%	$163.9B
Property,Plant and Equipment	$12.5B 2.9%	$12.2B 2.6%	$11.9B 3.0%	$11.5B 6.2%	$10.8B
Operating Lease Assets	$8.4B -1.5%	$8.5B -6.8%	$9.2B -6.2%	$9.8B -4.7%	$10.2B
Goodwill	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.0%	$69.0B 0.0%	$69.0B
Intangible Assets	$1.8B -10.0%	$2.0B 0.0%	$2.0B -4.8%	$2.1B -4.5%	$2.2B
Other Noncurrent Assets	$165.0B 1.8%	$162.1B 0.7%	$160.9B 6.7%	$150.8B -8.0%	$163.9B
Total Assets	$3.4T 4.6%	$3.3T 2.6%	$3.2T 4.2%	$3.1T -3.7%	$3.2T
Liabilities
Current Portion of Long Term Debt	$317.8B 1213.3%	$24.2B 84.7%	$13.1B -95.3%	$276.0B -1.5%	$280.1B
Operating Lease Liabilities	$9.1B -0.5%	$9.1B -6.6%	$9.8B -5.6%	$10.4B -4.6%	$10.9B
Total Current Liabilities	$3.1T 4.8%	$3.0T 2.7%	$2.9T 4.0%	$2.8T -4.2%	$2.9T
Long Term Debt	$317.8B 12.2%	$283.3B -6.3%	$302.2B 9.5%	$276.0B -1.5%	$280.1B
Operating Lease Liabilities Noncurrent	$9.1B -0.5%	$9.1B -6.6%	$9.8B -5.6%	$10.4B -4.6%	$10.9B
Deferred Tax Liabilities	$0 -100.0%	$8.9B -4.0%	$9.3B -8.9%	$10.2B -11.4%	$11.5B
Total Liabilities	$3.1T 4.8%	$3.0T 2.7%	$2.9T 4.0%	$2.8T -4.2%	$2.9T
Equity
Preferred Stock	$104.0M 0.1%	$103.9M -0.2%	$104.1M 0.0%	$104.1M 0.1%	$103.9M
Common Stock	$26.1B -42.5%	$45.3B -19.6%	$56.4B -4.4%	$59.0B -5.5%	$62.4B
Retained Earnings	$261.7B 8.0%	$242.3B 7.9%	$224.7B 8.5%	$207.0B 10.1%	$188.1B
Accumulated Other Comprehensive Income	$-10.5B 31.1%	$-15.3B 14.1%	$-17.8B 15.9%	$-21.2B -314.5%	$-5.1B
Total Stockholders Equity	$303.2B 3.2%	$294.0B 0.8%	$291.6B 6.8%	$273.2B 1.2%	$270.1B
Total Liabilitiesand Equity	$3.4T 4.6%	$3.3T 2.6%	$3.2T 4.2%	$3.1T -3.7%	$3.2T

Income Statement

Revenue, expense, and profitability

14 accounts · 5 years

Revenue $138.6B

Operating income $30.5B

Net income $30.5B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$138.6B -5.5%	$146.6B 12.5%	$130.3B 79.5%	$72.6B 52.2%	$47.7B
Expenses Selling,General and Administrative	$2.2B 12.7%	$2.0B 1.5%	$1.9B 5.6%	$1.8B -5.9%	$1.9B
Expenses Depreciation and Amortization	$2.3B 5.7%	$2.2B 6.4%	$2.1B 4.0%	$2.0B 4.2%	$1.9B
Expenses Share Based Compensation	$4.0B 16.5%	$3.4B 16.7%	$2.9B 2.8%	$2.9B 3.4%	$2.8B
Other Income Expense Operating Income	$30.5B 13.1%	$27.0B 2.5%	$26.3B -4.4%	$27.5B -13.9%	$32.0B
Other Income Expense Interest Income	$138.6B -5.5%	$146.6B 12.5%	$130.3B 79.5%	$72.6B 52.2%	$47.7B
Other Income Expense Income Before Tax	$37.7B 13.5%	$33.2B 2.1%	$32.5B 5.0%	$31.0B -8.9%	$34.0B
Income Tax Income Tax Expense	$7.2B 15.0%	$6.2B 0.4%	$6.2B 80.9%	$3.4B 72.2%	$2.0B
net Income net Income	$30.5B 13.1%	$27.0B 2.5%	$26.3B -4.4%	$27.5B -13.9%	$32.0B
net Income Comprehensive Income	$35.3B 19.6%	$29.5B -0.7%	$29.7B 158.6%	$11.5B -59.8%	$28.5B
Earnings Per Share Basic Eps	$4 19.5%	$3 5.2%	$3 -4.4%	$3 -10.8%	$4
Earnings Per Share Diluted Eps	$4 19.4%	$3 4.6%	$3 -4.4%	$3 -10.6%	$4
Earnings Per Share Weighted Average Shares Basic	$7.5B -4.2%	$7.9B -2.2%	$8.0B -1.0%	$8.1B -4.5%	$8.5B
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

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $12.6B

Investing cash flow $-145.2B

Financing cash flow $69.9B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$30.5B 13.1%	$27.0B 2.5%	$26.3B -4.4%	$27.5B -13.9%	$32.0B
Operating Activities Depreciation and Amortization	$2.3B 5.7%	$2.2B 6.4%	$2.1B 4.0%	$2.0B 4.2%	$1.9B
Operating Activities Stock Based Compensation	$4.0B 16.5%	$3.4B 16.7%	$2.9B 2.8%	$2.9B 3.4%	$2.8B
Operating Activities Deferred Income Taxes	$295.0M 126.2%	$-1.1B -11.4%	$-1.0B -236.9%	$739.0M 188.2%	$-838.0M
Operating Activities Changes In Operating Assets and Liabilities	$-3.7B 50.3%	$-7.5B 2.4%	$-7.7B -530.8%	$-1.2B 73.7%	$-4.7B
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
Investing Activities Purchases of Investments	$0	$0 -100.0%	$98.0M -99.6%	$24.1B -93.4%	$362.7B
Investing Activities Other Investing Activities	$4.3B 4.5%	$4.1B -21.2%	$5.3B 14.0%	$4.6B 32.6%	$3.5B
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
Financing Activities Proceeds From Debt	$99.9B 76.2%	$56.7B -13.3%	$65.4B -0.8%	$65.9B -14.0%	$76.7B
Financing Activities Repayment of Debt	$76.0B 8.0%	$70.4B 58.0%	$44.6B 30.9%	$34.1B -27.3%	$46.8B
Financing Activities Repurchase of Common Stock	$21.4B 63.6%	$13.1B 186.4%	$4.6B -9.8%	$5.1B -79.8%	$25.1B
Financing Activities Dividends Paid	$8.1B 3.3%	$7.8B 6.1%	$7.4B 5.9%	$7.0B 5.9%	$6.6B
Financing Activities Other Financing Activities	$-613.0M -382.7%	$-127.0M 82.3%	$-717.0M -129.8%	$-312.0M 49.7%	$-620.0M
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
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
Cash Reconciliation net Change In Cash	$-58.3B -35.6%	$-43.0B -141.8%	$102.9B 187.2%	$-118.0B -266.0%	$-32.2B
Cash Reconciliation Cash At Beginning of Period	$231.8B -20.1%	$290.1B -12.9%	$333.1B 44.7%	$230.2B -33.9%	$348.2B
Cash Reconciliation Cash At End of Period	$231.8B -20.1%	$290.1B -12.9%	$333.1B 44.7%	$230.2B -33.9%	$348.2B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+22.0%	+18.4%	+20.2%	+37.9%	+67.1%
Net margin	+22.0%	+18.4%	+20.2%	+37.9%	+67.1%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+24.1%	+45.4%	+36.2%	+0.6%	-10.6%
Returns
ROE	+10.1%	+9.2%	+9.0%	+10.1%	+11.8%
ROA	+0.9%	+0.8%	+0.8%	+0.9%	+1.0%
ROIC	+3.5%	+7.0%	+7.8%	+4.1%	+6.2%
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	10.25x	10.09x	9.90x	10.17x	10.74x
Interest coverage	—	—	0.36x	1.37x	6.75x
Efficiency
Asset turnover	0.04x	0.04x	0.04x	0.02x	0.02x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

BAC $52 · 2025-09-29 · 351d old · FY2025

Market cap $402.6B

P/E 13.20x

P/S 2.91x

P/B 1.33x

EV $806.4B

EV/EBITDA 24.57x

FCF yield —

Dividend yield +2.0%

Notes

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