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 the firm raised full‑year NII growth guidance to +6%–8% vs 2025. Operating leverage was 290 bps, noninterest expense rose ~4% y/y to $18.5B, the efficiency ratio improved to 61% (down 170 bps) and ROTCE was 16%. Loans and deposits both grew (loans ~+9% y/y; deposits +3% y/y; deposits >$2T) with a high‑quality mix and one of the lowest deposit funding costs among large U.S. banks. Asset quality remained benign: provision expense was ~$1.3B, net charge‑offs ~ $1.4B, and certain CRE office metrics improved (no new office NPA inflows this quarter). Capital and liquidity are strong (CET1 ~11.2%; common equity ~$276B; global liquidity >$960B), with $2B dividends and $7.2B buybacks in Q1. Management emphasized disciplined, ROI‑driven investments (branches, relationship managers, technology/AI) offset by productivity/simplification, and reiterated a medium‑term ROTCE target range. They also noted potential regulatory changes (Basel III Endgame and G‑SIB revisions) and expect final rules to be net neutral-to-beneficial for future capital requirements. Key risks mentioned: macro/geo‑political uncertainties, sensitivity of NII to rate moves (management provided a 12‑month rate sensitivity), and continued close monitoring of private credit / global markets loan exposures.