Bank Of America Stock Earnings Reports

Bank of America delivered a strong Q1 2026: revenue was $30.3B (up 7% YoY) and EPS rose 25% YoY to $1.11. Net interest income (FTE) was $15.9B, up 9% YoY, and management raised full-year NII growth guidance to +6%–8% vs. 2025. Operating leverage was 290 bps, noninterest expense rose ~4% YoY to $18.5B, the efficiency ratio improved to 61% (down 170 bps), and ROTCE was 16%. Loans and deposits both grew (loans ~+9% YoY; deposits +3% YoY to >$2T) with a favorable deposit mix and a total deposit rate paid of 1.47%. Credit trends were benign: provisions were ~$1.3B (slightly lower YoY), net charge-offs fell vs. Q1 2025, reservable criticized commercial exposure declined, and this quarter saw no new inflows to office nonperforming assets. Capital and liquidity remain strong: CET1 ratio 11.2% (down 14 bps Q/Q), $200B+ CET1, liquidity ~ $960B, $2B dividends and $7.2B buybacks this quarter. Management emphasized disciplined expense/investment tradeoffs, continued investments in revenue-producing capabilities (including AI and tech), headcount reductions via attrition (~1,070 FTEs YTD), and that the diversified franchise and stable credit profile position the bank well across scenarios. They flagged ongoing regulatory rulemaking (Basel III Endgame and G‑SIB changes) and expect the proposed final framework could modestly reduce overall capital requirements for large U.S. GSIBs if adopted as proposed.