Bank of America Corporation is a U.S. financial holding company whose subsidiaries provide consumer and commercial banking, payments, wealth management, investment banking and institutional trading. Its four operating segments are Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets.
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A snapshot of what BANK OF AMERICA CORP /DE/ owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
Browse original filingsSee the original statement for its reporting period, currency, and unit.
3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230000070858-24-000122 | Feb 20, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240000070858-25-000139 | Feb 25, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250000070858-26-000157 | Feb 25, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Bank of America’s deposit franchise, wealth business and institutional activities supported stronger earnings in 2025 and the first half of 2026, but the latest quarter was less favorable. Third-quarter profit fell even before considering the full effect of a $1.2 billion regulatory charge: funding economics improved, while trading, investment-banking fees and underlying expense growth weighed on results. The October enforcement orders establish continuing compliance deficiencies and substantial remediation obligations, not a completed cleanup. Capital distributions continued as regulatory capital ratios declined, and substantial held-to-maturity securities valuation losses remain economically relevant without being equivalent current earnings charges. The October preferred issuance adds financing flexibility, but not common equity. Annual comparisons below use the revised accounting presentation, with original-year context preserved separately.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30 · EX-99.1 · 2026-10-14 · EX-99.3 · 2026-10-14 · FINCEN CONSENT ORDER · 2026-10-13 · OCC CIVIL MONEY PENALTY ORDER · 2026-10-13 · 8-K · 2026-10-23 · 424B5 · 2026-10-22
Consumer Banking earns primarily from deposit and lending spreads, with cards, payments and investments broadening customer relationships. Wealth management earns asset-based and brokerage fees alongside lending and deposits. Global Banking combines corporate lending, treasury services and deal fees; Global Markets supplies trading, financing and risk-management services. These activities diversify revenue but create different sensitivities: deposit pricing affects spreads, asset prices affect wealth fees, and client activity and market conditions affect trading and underwriting. Client assets under management are not additional corporate assets. Segment results include internal funding, capital and cost allocations and use fully taxable-equivalent revenue, unlike consolidated GAAP revenue.
Sources: 10-K · 2025-12-31
For 2025, GAAP revenue net of interest expense was $113.097 billion and net income was $30.509 billion. Net interest income recovered as lower funding costs, fixed-asset repricing, balance growth and Markets activity outweighed lower rates. Wealth fees benefited from markets and inflows; Consumer Banking recovered, while Global Banking profit declined. Expenses increased, although a $323 million favorable FDIC assessment revision helped. Tax-investment accounting changed retrospectively, materially altering revenue and tax presentation without a comparable economic improvement. The consistent revised annual series is therefore preferable to mixing originally published 2023–2024 figures with 2025 results.
Sources: 10-K · 2025-12-31
The April 15 first-quarter release reported $8.584 billion of net income; the July 31 quarterly report established first-half income of $17.658 billion. The October 14 third-quarter release then reported $6.933 billion, versus $8.332 billion a year earlier. A $1.2 billion non-deductible regulatory accrual was important, but not the entire explanation: settlement-adjusted non-GAAP income of approximately $8.1 billion still fell below prior-year reported income. Higher net interest income and wealth fees were offset by weaker trading and investment-banking fees and higher underlying expenses. Adjusted EPS nevertheless increased because fewer diluted shares supported the per-share result. Nine-month income remained higher at $24.591 billion.
Sources: EX-99.1 · 2026-04-15 · 10-Q · 2026-06-30 · EX-99.1 · 2026-10-14
September cash and equivalents were $249.643 billion, while average Global Liquidity Sources were $914 billion; the latter includes eligible securities and is not cash alone. The latest supplied cash-flow statement covers June, not September: first-half operating cash flow was $70.813 billion, heavily influenced by trading, derivative and settlement-related balances. It does not imply equivalent profit. Subsidiary liquidity also faces transfer restrictions. September long-term debt was $318.687 billion, alongside separate short-term borrowing and securities-financing liabilities. Held-to-maturity gross unrealized losses increased to $103.914 billion from $82.095 billion in June. They are not realized expenses, but expose the economic cost of holding low-yielding assets and potential liquidity trade-offs.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-10-14 · EX-99.3 · 2026-10-14
September’s preliminary Standardized CET1 ratio was 10.9%, and total capital—not CET1—was the binding regulatory ratio. The 2025 annual filing disclosed, and the June 2026 report repeated under the then-current regulatory framework, a scheduled January 1, 2027 increase of 50 basis points in Bank of America Corporation’s G-SIB surcharge, to 2.0% under Method 1 and 3.5% under Method 2, increasing its minimum capital ratio requirements; the Corporation is subject to the higher of the two surcharges. Separately, early adoption of the enhanced supplementary leverage ratio rule effective January 1, 2026 reduced the minimum SLR requirement, including the leverage buffer, from 5.0% to 3.75% for the Corporation and from 6.0% to 3.75% for BANA. These are requirement changes, not actual capital ratios. The supplied evidence does not establish a subsequent amendment or withdrawal of the disclosed schedule or adopted treatment, so neither is represented as newly verified current regulatory status beyond those dated disclosures. Repurchases, dividends, balance growth and valuation movements matter alongside earnings when assessing capital. The company reported approximately $6.0 billion of third-quarter repurchases and $2.2 billion of common dividends. Its July declaration raised the quarterly common dividend to $0.32. On October 23, it completed the Series WW preferred issuance: contractual public offering value was $2 billion, with $1.980 billion of issuer proceeds before other expenses. This is preferred financing, not revenue or CET1 common capital; a post-issuance regulatory ratio is not established.
Sources: EX-99.1 · 2026-10-14 · EX-99.3 · 2026-10-14 · 10-Q · 2026-06-30 · 8-K · 2026-10-23 · 424B5 · 2026-10-22 · 10-K · 2025-12-31
Since late 2023, Bank of America Corporation has been working with regulators to change its BSA/AML and economic-sanctions compliance programs; October 2026’s orders nevertheless show that AML remediation remained incomplete and BANA continued to have deficiencies and internal-control gaps after the December 2024 OCC order. FinCEN’s $1.2 billion assessment credits the $750 million OCC payment, leaving $450 million payable to Treasury—not $1.95 billion of combined penalties. OFAC separately announced an $11.662930 million agreed settlement. Independent reviews, historical reporting lookbacks, staffing and technology work extend beyond the booked charge. Their eventual cost and successful completion are unestablished. Credit conditions are also mixed: card and real-estate loss measures improved overall, but commercial-and-industrial losses increased. Rate sensitivities are conditional models, not earnings guidance, and effective financial-reporting controls do not negate separate compliance failures.
Sources: FINCEN CONSENT ORDER · 2026-10-13 · OCC CIVIL MONEY PENALTY ORDER · 2026-10-13 · OCC CONSENT ORDER · 2024-12-23 · OFAC ENFORCEMENT ORIGINAL · 2026-10-13 · EX-99.3 · 2026-10-14 · EX-99.2 · 2026-10-14 · 10-K · 2025-12-31 · 10-K · 2024-12-31
USD 105.856 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · comparative status: revised
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 105.856 bn | 3.0% |
| 2023 | USD 102.769 bn | — |
Consolidated GAAP revenue after interest expense; revised comparative under the 2025 tax-investment accounting presentation.
Sources: 10-K · 2025-12-31
USD 113.097 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 113.097 bn | — |
Consolidated GAAP net interest income plus noninterest income; excludes FTE adjustments.
Sources: 10-K · 2025-12-31
USD 26.973 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · comparative status: revised
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 26.973 bn | 2.5% |
| 2023 | USD 26.305 bn | — |
Consolidated GAAP net income before preferred dividends; retrospectively revised comparative.
Sources: 10-K · 2025-12-31
USD 30.509 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 30.509 bn | — |
Consolidated GAAP net income before preferred dividends.
Sources: 10-K · 2025-12-31
USD 12.613 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 12.613 bn | — |
| 2023 | USD 44.982 bn | — |
GAAP operating cash flow including trading, derivatives and other operating balances; not profit or free cash flow.
Sources: 10-K · 2025-12-31
USD -8.805 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD -8.805 bn | — |
GAAP operating cash flow including trading and derivatives; negative denotes cash used, not a net loss.
Sources: 10-K · 2025-12-31
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