Bank Of America Stock Earnings Reports

Bank of America reported a strong Q1 2026: revenue rose 7% y/y to $30.3B and EPS increased 25% y/y to $1.11. Net interest income (FTE) was $15.9B, up 9% y/y, and management raised full-year NII growth guidance to +6%–8% versus 2025. The firm delivered 290 bps of operating leverage, improved efficiency to a 61% ratio, and achieved a 16% ROTCE. Average loans grew ~9% y/y (commercial-led) and average deposits grew ~3% y/y to over $2 trillion with a low-cost mix; total assets were about $3.5 trillion. Noninterest expense rose ~4% y/y as the bank selectively invested in revenue-producing areas while continuing productivity/AI initiatives and reduced FTEs by ~1,070 since year-end 2025. Asset quality remained benign: provision expense was ~$1.3B, net charge-offs declined y/y, and commercial reservable criticized exposure fell. Capital remained strong: CET1 ~11.2% (down ~14 bps q/q due to buybacks/dividends and growth), the bank returned capital ($2B dividends, $7.2B buybacks) and noted potential future relief from proposed regulatory rule changes (Basel III Endgame/G-SIB adjustments). Key business highlights: broad-based revenue and earnings growth across all segments (Consumer, Global Wealth, Global Banking, Global Markets), record consumer checking accounts (38.5M), strong Wealth flows and margins, and an exceptionally strong quarter for equities trading. Management emphasized disciplined underwriting, reserving consistent with portfolio quality, continued investment in client-facing talent, and the productivity benefits of technology and AI.