Bank of America Corporation (BAC) Q3 2025 Financial Results Summary

2025-10-15 · Stocks · QuoteReporter

Bank of America (BAC) Q3 2025 Financial Results Summary

Bank of America (BAC) reported its financial results for the third quarter of 2025 on October 15, 2025. Below is a summary of the key financial highlights and metrics from the report.

Financial Highlights

Net Income: $8.5 billion, up 23% from $6.9 billion in Q3 2024.
Diluted Earnings Per Share (EPS): $1.06, an increase of 31% compared to $0.81 in Q3 2024.
Total Revenue, net of interest expense: $28.1 billion, up 11% from $25.3 billion in Q3 2024.
Net Interest Income (NII): $15.2 billion, a 9% increase from $13.9 billion in Q3 2024.
Noninterest Expenses: $17.3 billion, up 5% year-over-year.
Return on Average Common Shareholders’ Equity: 11.5%.
Return on Average Tangible Common Shareholders’ Equity: 15.4%.
Return on Average Assets: 0.98%.

Business Segment Highlights

Consumer Banking
Net Income: $3.4 billion.
Revenue: $11.2 billion, increased by 7% from $10.4 billion in Q3 2024.
Average Deposits: $947 billion, up 1% compared to the prior year.
Average Loans and Leases: $320 billion, an increase of 2%.
Credit and Debit Card Spend: $245 billion, up 6%.
Added ~212,000 new consumer checking accounts, 27th consecutive quarter of growth.
Global Wealth and Investment Management (GWIM)
Net Income: $1.3 billion.
Revenue: $6.3 billion, increased by 10% from $5.8 billion in Q3 2024.
Total Client Balances: $4.6 trillion, up 11%.
Global Banking
Net Income: $2.1 billion.
Total Revenue: $6.2 billion, up 7% from the same quarter last year.
Investment Banking Fees (excluding self-led): $2.0 billion, increased by 43%.
Global Markets
Net Income: $1.6 billion.
Total Revenue: $6.2 billion, up 11%.
Sales and Trading Revenue: $5.4 billion, grew by 9%.

Asset Quality and Credit Losses

Provision for Credit Losses: $1.3 billion, down 13% from $1.5 billion in Q3 2024.
Net Charge-Offs: $1.4 billion, decreased compared to $1.5 billion in Q3 2024.
Net Charge-Off Ratio: 0.47%, down from 0.58% a year ago.
Nonperforming Loans and Leases: $5.3 billion.

Balance Sheet Highlights

Total Assets: $3.4 trillion.
Total Deposits: $2.0 trillion, increased by 4% year-over-year.
Common Equity Tier 1 (CET1) Capital: $203 billion, up 1% from the previous quarter.
CET1 Ratio: 11.6%.

Shareholder Returns

Returned to Shareholders: $7.4 billion, comprising $2.1 billion through common stock dividends and $5.3 billion in share repurchases.
Dividends: The quarterly common stock dividend increased by 8% from the prior quarter.

Digital and Client Engagement

Active Digital Banking Users: 49 million, up 1.4 million year-over-year.
Digital Logins: 4.2 billion, an increase of 16%.
Client Engagement in GWIM: ~4.5K net new households added in Q3 2025.

Summary

Bank of America demonstrated strong financial growth in Q3 2025 compared to Q3 2024, with notable improvements in net income, revenue, and customer engagement metrics. The bank continues to invest in technology and client experiences while maintaining a strong balance sheet and returning substantial capital to shareholders.

Here are the extracted tables in HTML format:

Condensed Consolidated Statements of Income (Amounts in millions)

Item	3Q25	2Q25	3Q24
Total revenue, net of interest expense	28,088	26,463	25,345
Provision for credit losses	1,295	1,592	1,542
Noninterest expense	17,337	17,183	16,479
Income before income taxes	9,456	7,688	7,324
Income tax expense	987	572	428
Net income	8,469	7,116	6,896
Diluted earnings per share	1.08	0.90	0.82

Condensed Consolidated Balance Sheets (Amounts in billions)

Item	9/30/2025	6/30/2025	9/30/2024
Total assets	3,403.2	3,441.1	3,324.3
Total loans and leases	1,165.9	1,147.1	1,075.8
Total deposits	2,002.2	2,011.6	1,930.4
Common shareholders’ equity	278.2	276.1	272.0
Book value per common share	37.95	37.13	35.37
Tangible book value per common share	28.39	27.71	26.25