Bank Of America Stock Earnings Reports

Bank of America reported a strong Q1 2026: revenue grew 7% y/y to $30.3B and EPS rose 25% y/y to $1.11. Net interest income (FTE) was $15.9B, up 9% y/y, and management raised its full-year NII growth guidance to +6%–8% vs. 2025. The firm delivered 290 bps of operating leverage, an improved efficiency ratio of 61% (down 170 bps y/y), and return on tangible common equity (ROTCE) of 16%. Loans and deposits grew (loans ~+9% y/y, deposits +3% y/y to >$2T) with a high-quality deposit mix and a total deposit rate paid of ~1.47%. Asset quality improved: net charge-offs and delinquencies declined vs. Q1 2025, provision expense eased to ~$1.3B (modest reserve release driven by improvements in card and CRE office), and commercial reservable criticized exposure fell. Capital remained ample: CET1 ratio ~11.2%, $200B+ CET1, $2B in dividends and $7.2B in buybacks in the quarter. Management reiterated disciplined expense control, selective investment (including technology and AI), and a medium-term focus on positive operating leverage (>200 bps) and ROTCE improvement. They noted macro risks (geopolitical, inflation) but described the macro backdrop as constructive and emphasized the franchise diversification and strong client engagement. They are watching proposed Basel III / G-SIB rule changes and expect modest net relief if proposals finalize as currently drafted.