NYSE$BAC

Bank of America Corp · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Bank of America reported Q3 2025 total revenue of $28.1B with net income of $8.5B and diluted EPS of $1.06.

Total revenue, net of interest expense, was $28.1 billion with net income of $8.5 billion and diluted EPS of $1.06 for the quarter ended September 30, 2025. Higher noninterest income and net interest income, together with lower credit provisions, drove the year-over-year increase.

  • Q3 revenue $28.1B; net income $8.5B; diluted EPS $1.06.
  • Noninterest income and NII expanded versus the prior-year quarter.
  • Provision for credit losses declined year over year.
  • Share repurchases and dividends continue as part of capital returns.

Headline financials

Total Revenue

$28.1B

Previous: $25.3B+10.8%
EPS (adj)

$1.06

Previous: $0.81+30.9%
CET1 Ratio

11.6%

Previous: 11.8%-1.7%
Average Deposits

$1.99T

Previous: $1.92T+3.7%
Book Value/Share

$37.95

No prior period
Tangible Book Value/Share

$28.39

No prior period
Net Charge-offs

$1.37B

No prior period
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

$8.47B

Previous: $6.9B+22.8%
Net Income

$8.47B

Previous: $6.9B+22.8%
Operating Income

$1.52B

Previous: -$4.03B+137.7%
Gross Profit

$28.1B

Previous: $25.3B+10.8%
Cash & Equivalents

$247B

Previous: $296B-16.6%
Total Assets

$3.4T

Previous: $3.32T+2.4%

Revenue & EPS history

Bank of America · Revenue · Quarterly

$28.1B

Q3 2025+10.8%vs Q3 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Bank of America · $26.9B total across 4 segments · Q3 2023

  • Consumer Banking
    $10.5B+5.7%
  • Global Banking
    $6.2B+10.9%
  • Wealth & Investment Mgmt
    $5.32B-2.0%
  • Global Markets
    $4.94B+10.2%

Forward guidance

The release discusses Bank of America's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Net interest income and capital markets activity influence near-term earnings.
  • Bank of America cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Credit provisions and interest-rate paths remain key swing factors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.4%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.9%

Avg return

30 days after

56%

41 / 73 earnings

Positive

+10.0%

Q3 2022

Best reaction

-14.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%+1.1%-6.7%
Q4 2025-3.5%+1.1%-6.7%
Q3 2025+4.2%+3.9%+5.0%
Q2 2025+1.0%+1.8%+7.1%
Q1 2025+3.6%+2.0%+21.0%
Q4 2024-1.2%-0.9%-0.3%
Q3 2024+2.1%+1.0%+9.5%
Q2 2024+5.0%+2.4%-6.8%
Q1 2024-2.0%+2.8%+9.1%
Q4 2023-3.1%+1.3%+11.5%
Q3 2023+1.2%-2.5%+9.4%
Q2 2023+7.2%+8.8%-0.4%
Q1 2023-1.0%-1.6%-6.3%
Q4 2022+0.1%-2.2%+3.2%
Q3 2022+10.0%+10.3%+17.9%
Q2 2022+3.4%+3.7%+12.9%
Q1 2022+5.3%-0.0%-7.2%
Q4 2021-1.1%-3.7%-0.6%
Q3 2021+7.5%+7.7%+8.7%
Q2 2021-2.6%-7.4%+4.4%
Q1 2021-1.8%-4.5%+6.2%
Q4 2020-2.0%-4.4%+3.6%
Q3 2020-3.2%-4.9%+8.2%
Q2 2020-5.6%-0.7%+7.6%
Q1 2020-9.7%-5.2%-9.7%
Q4 2019-1.7%-1.7%-1.3%
Q3 2019+1.8%+4.3%+10.8%
Q2 2019+1.7%+2.0%-6.8%
Q1 2019+0.6%+0.6%-4.2%
Q4 2018+9.2%+10.4%+9.6%
Q3 2018+0.2%-0.5%-4.4%
Q2 2018+5.1%+5.5%+6.3%
Q1 2018+0.8%+1.5%+4.2%
Q4 2017+0.8%+2.2%+2.3%
Q3 2017+3.1%+4.0%+4.2%
Q2 2017+0.2%-0.9%-1.6%
Q1 2017-0.3%-0.4%-0.3%
Q4 2016-3.8%-1.3%+0.7%
Q3 2016+1.6%+4.2%+23.4%
Q2 2016+4.4%+5.3%+10.9%
Q1 2016+1.5%
Q4 2015-5.3%
Q3 2015+4.3%
Q2 2015+4.8%
Q1 2015-0.2%
Q4 2014-4.1%
Q3 2014-2.7%
Q2 2014-3.9%
Q1 2014-1.5%
Q4 2013+1.8%
Q3 2013+2.9%
Q2 2013+6.0%
Q1 2013-6.8%
Q4 2011+0.4%
Q4 2012-5.4%
Q3 2012+0.1%
Q2 2012-8.3%
Q1 2012+1.1%
Q3 2011-3.4%
Q2 2011-14.4%
Q1 2011-0.6%
Q4 2010+2.3%
Q4 2007+2.3%
Q3 2010+3.9%
Q2 2010-0.8%
Q4 2008-0.8%
Q4 2009-0.8%
Q1 2009+6.3%
Q1 2010+1.6%
Q3 2009+4.2%
Q3 2008+4.2%
Q2 2009-0.1%
Q2 2008-0.1%

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