BAC

BANK OF AMERICA CORP /DE/Financials

10-K for period ending 2025-12-31filed 2026-02-25accession 0000070858-26-000157filing on sec.gov ↗

answer key

field	SEC value	XBRL concept	printed on
Total revenue	$113.1B	Revenues	Total revenue, net of interest expense
Operating income	-	not reported	not in this filing's XBRL
Net income attributable to the company	$30.5B	NetIncomeLoss	Net income
Diluted EPS	$3.81	EarningsPerShareDiluted	Diluted earnings
Cash and cash equivalents	$231.8B	CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	Cash and cash equivalents
Total assets	$3.41T	Assets	Total assets · Total liabilities and shareholders’ equity
Total liabilities	$3.11T	Liabilities	Total liabilities
Total shareholders' equity attributable to the company	$303.2B	StockholdersEquity	Shareholders’ equity
Net cash from operating activities	$12.6B	NetCashProvidedByUsedInOperatingActivities	Net cash provided by (used in) operating activities
Net cash from investing activities	-$145.2B	NetCashProvidedByUsedInInvestingActivities	Net cash used in investing activities
Net cash from financing activities	$69.9B	NetCashProvidedByUsedInFinancingActivities	Net cash provided by financing activities

Income statement

table #45 · score 40 vs 36.8 runner-up · in millions

Table 6	Selected Annual Financial Data
(In millions, except per share information)	2025	2024	2023
Income statement
Net interest income	60,096	56,060	56,931
Noninterest income	53,001	49,796	45,838
Total revenue, net of interest expense	113,097	105,856	102,769
Provision for credit losses	5,675	5,821	4,394
Noninterest expense	69,727	66,812	65,845
Income before income taxes	37,695	33,223	32,530
Income tax expense	7,186	6,250	6,225
Net income	30,509	26,973	26,305
Net income applicable to common shareholders	29,055	25,344	24,656
Average common shares issued and outstanding	7,521.9	7,855.5	8,028.6
Average diluted common shares issued and outstanding	7,680.9	7,935.8	8,080.5
Performance ratios
Return on average assets (1)	0.89%	0.82%	0.83%
Return on average common shareholders’ equity (1)	10.59	9.53	9.73
Return on average tangible common shareholders’ equity (2)	14.22	12.94	13.45
Return on average shareholders’ equity (1)	10.22	9.22	9.33
Return on average tangible shareholders’ equity (2)	13.36	12.13	12.43
Total ending equity to total ending assets	8.89	9.01	9.12
Common equity ratio (1)	8.13	8.30	8.23
Total average equity to total average assets	8.75	8.91	8.94
Dividend payout (1)	27.82	30.86	29.90
Per common share data
Earnings	3.86	3.23	3.07
Diluted earnings	3.81	3.19	3.05
Dividends paid	1.08	1.00	0.92
Book value (1)	38.44	35.58	33.16
Tangible book value (2)	28.73	26.37	24.28
Market capitalization	396,686	334,497	265,840
Average balance sheet
Total loans and leases	1,136,787	1,060,081	1,046,256
Total assets	3,410,412	3,282,045	3,152,461
Total deposits	1,984,182	1,924,106	1,887,541
Long-term debt	245,775	246,081	248,853
Common shareholders’ equity	274,435	265,980	253,464
Total shareholders’ equity	298,474	292,467	281,861
Asset quality
Allowance for credit losses (3)	14,380	14,336	14,551
Nonperforming loans, leases and foreclosed properties (4)	5,905	6,120	5,630
Allowance for loan and lease losses as a percentage of total loans and leases outstanding (4)	1.12%	1.21%	1.27%
Allowance for loan and lease losses as a percentage of total nonperforming loans and leases (4)	228	222	243
Net charge-offs	5,631	6,031	3,799
Net charge-offs as a percentage of average loans and leases outstanding (4)	0.50%	0.57%	0.36%
Capital ratios at year end (5)
Common equity tier 1 capital	11.4%	11.9%	11.8%
Tier 1 capital	12.8	13.2	13.5
Total capital	14.7	15.1	15.2
Tier 1 leverage	6.8	6.9	7.1
Supplementary leverage ratio	5.7	5.9	6.1
Tangible equity (2)	7.0	7.0	7.1
Tangible common equity (2)	6.2	6.3	6.2

Balance sheet

table #41 · score 49.5 vs 40 runner-up · in millions

Table 5	Selected Balance Sheet Data
December 31
(Dollars in millions)	2025	2024	Change	% Change
Assets
Cash and cash equivalents	231,845	290,114	(58,269)	(20)%
Federal funds sold and securities borrowed or purchased under agreements to resell	316,578	274,709	41,869	15
Trading account assets	366,954	314,460	52,494	17
Debt securities	925,635	917,284	8,351	1
Loans and leases	1,185,700	1,095,835	89,865	8
Allowance for loan and lease losses	(13,203)	(13,240)	37	-
All other assets	398,229	382,137	16,092	4
Total assets	3,411,738	3,261,299	150,439	5
Liabilities
Deposits	2,018,729	1,965,467	53,262	3
Federal funds purchased and securities loaned or sold under agreements to repurchase	344,716	331,758	12,958	4
Trading account liabilities	105,996	92,543	13,453	15
Short-term borrowings	48,088	43,391	4,697	11
Long-term debt	317,816	283,279	34,537	12
All other liabilities	273,150	250,898	22,252	9
Total liabilities	3,108,495	2,967,336	141,159	5
Shareholders’ equity	303,243	293,963	9,280	3
Total liabilities and shareholders’ equity	3,411,738	3,261,299	150,439	5

Cash flow statement

table #167 · score 40 vs 35.3 runner-up · in millions

Consolidated Statement of Cash Flows
(Dollars in millions)	2025	2024	2023
Operating activities
Net income	30,509	26,973	26,305
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	5,675	5,821	4,394
Losses on sales of debt securities	20	29	405
Depreciation and amortization	2,314	2,189	2,057
Net accretion of discount/premium on debt securities	(859)	(330)	(397)
Deferred income taxes	295	(1,127)	(1,012)
Amortization of stock-based compensation	4,001	3,433	2,942
Net change in:
Trading and derivative assets/liabilities	(35,027)	(45,504)	44,391
Loans held-for-sale	4,215	(4,321)	641
Other assets	(19,584)	(4,515)	(24,304)
Accrued expenses and other liabilities	17,315	1,025	(18,148)
Other operating activities, net	3,739	7,522	7,708
Net cash provided by (used in) operating activities	12,613	(8,805)	44,982
Investing activities
Net change in:
Time deposits placed and other short-term investments	(1,102)	1,974	(1,087)
Federal funds sold and securities borrowed or purchased under agreements to resell	(45,856)	8,415	(13,050)
Debt securities carried at fair value:
Proceeds from sales	129,779	69,925	101,165
Proceeds from paydowns and maturities	100,313	237,939	148,699
Purchases	(263,483)	(390,911)	(290,959)
Held-to-maturity debt securities:
Proceeds from paydowns and maturities	34,794	34,591	36,955
Purchases	-	-	(98)
Loans and leases:
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities	9,592	9,565	11,081
Purchases	(14,315)	(5,470)	(5,351)
Other changes in loans and leases, net	(90,548)	(52,576)	(17,484)
Other investing activities, net	(4,331)	(4,145)	(5,258)
Net cash used in investing activities	(145,157)	(90,693)	(35,387)
Financing activities
Net change in:
Deposits	53,262	41,640	(6,514)
Federal funds purchased and securities loaned or sold under agreements to repurchase	16,945	47,871	88,252
Short-term borrowings	4,690	12,574	5,162
Long-term debt:
Proceeds from issuance	99,867	56,683	65,396
Retirement	(76,031)	(70,411)	(44,571)
Preferred stock:
Proceeds from issuance	5,493	-	-
Redemption	(2,669)	(5,254)	-
Common stock repurchased	(21,433)	(13,104)	(4,576)
Cash dividends paid	(9,563)	(9,503)	(9,087)
Other financing activities, net	(613)	(127)	(717)
Net cash provided by financing activities	69,948	60,369	93,345
Effect of exchange rate changes on cash and cash equivalents	4,327	(3,830)	(70)
Net increase (decrease) in cash and cash equivalents	(58,269)	(42,959)	102,870
Cash and cash equivalents at January 1	290,114	333,073	230,203
Cash and cash equivalents at December 31	231,845	290,114	333,073
Supplemental cash flow disclosures
Interest paid	79,065	89,687	69,604