Bank of America Corporation (BAC) – NYSE – 2Q25 Financial Results Summary

# Bank of America Corporation (BAC) – NYSE – 2Q25 Financial Results

Bank of America Corporation released its financial results for the second quarter of 2025 on July 16, 2025. Here is a summary of the key metrics and insights from their report.

## Financial Highlights:
– **Net Income**: $7.1 billion, an increase of **3%** from $6.9 billion in 2Q24.
– **Earnings Per Share (EPS)**: $0.89, compared to $0.83 in 2Q24, reflecting a **7%** growth year-over-year.
– **Total Revenue**: $26.5 billion, up **4%** from $25.4 billion in the same quarter last year.
– **Net Interest Income (NII)**: $14.7 billion, up **7%** from $13.7 billion year-over-year.
– **Provision for Credit Losses**: Increased to $1.6 billion from $1.5 billion in 2Q24, with net charge-offs flat at $1.5 billion.
– **Noninterest Expense**: $17.2 billion, reflecting a **5%** increase YoY, driven by increased investments.
– **Return on Average Common Shareholders’ Equity**: 10.0%.
– **Common Equity Tier 1 (CET1) Capital Ratio**: 11.5%, well above regulatory minimums.
– **Book Value per Common Share**: $37.13, an increase of **8%** compared to $34.39 in 2Q24.

## Segment Highlights:
### Consumer Banking:
– **Net Income**: $3.0 billion, up from $2.6 billion YoY.
– **Revenue**: $10.8 billion, a **6%** increase from $10.2 billion.
– **Average Deposits**: $952 billion, up **32%** from pre-pandemic levels (4Q19).
– **Average Loans and Leases**: $319 billion, up **2%** YoY.
– **Combined Credit/Debit Card Spend**: $244 billion, a **4%** increase.
– **Consumer Investment Assets**: $540 billion, up **13%**.
– **Number of Consumer Checking Accounts**: 38.2 million, with **175,000** net new accounts added, marking the 26th consecutive quarter of growth.

### Global Wealth and Investment Management:
– **Net Income**: $1.0 billion, compared to $1.0 billion in 2Q24.
– **Revenue**: $5.9 billion, a **7%** increase from $5.6 billion.
– **Total Client Balances**: $4.4 trillion, up **10%** YoY.
– **Asset Management Fees**: Increased by **9%** to $3.6 billion.

### Global Banking:
– **Net Income**: $1.7 billion, down from $2.1 billion YoY.
– **Revenue**: $5.7 billion, a **6%** decrease from $6.1 billion.
– **Average Loans and Leases**: $388 billion, up **4%** from 2Q24.
– **Average Deposits**: Reached $603 billion, an increase of **15%**.

### Global Markets:
– **Net Income**: $1.5 billion, up from $1.4 billion YoY.
– **Revenue**: $6.0 billion, up **10%** YoY, primarily from higher sales and trading.
– **Sales and Trading Revenue**: $5.3 billion, with a **14%** increase excluding net DVA.
– **Fixed Income, Currencies and Commodities Revenue**: Increased **16%** to $3.2 billion.

## Shareholder Returns:
– **Share Repurchases**: $5.3 billion returned to shareholders in the quarter.
– **Dividends**: Declared a common stock dividend of **$0.26**, which represents an **8%** increase from the previous quarter.

## Balance Sheet Highlights:
– **Total Assets**: $3.441 trillion, compared to $3.258 trillion in 2Q24.
– **Total Deposits**: Increased to $2.012 trillion from $1.910 trillion YoY.
– **Average Deposits**: Increased to $1.97 trillion, marking eight consecutive quarters of growth.

## Credit Quality:
– **Net Charge-Offs**: Remained flat at $1.5 billion.
– **Nonperforming Loans and Leases**: Totaled $5.981 billion, with a nonperforming loans ratio of **0.52%**.

Bank of America’s results showcase growth across multiple segments, a solid balance sheet, and a commitment towards returning capital to shareholders. The declared dividend and robust share repurchase program indicate a sustained focus on enhancing shareholder value.