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Earnings analysis · 10-Q

BAC earnings analysis

Filed May 1, 2026 · Our reading of the company's report

The latest report

Bank of America reported strong Q1 2026 results, with net income increasing to $8.6 billion and diluted EPS of $1.11. Total revenue improved to $30.3 billion, driven by increases in both net interest income and…

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Bank of America reported strong Q1 2026 results, with net income increasing to $8.6 billion and diluted EPS of $1.11. Total revenue improved to $30.3 billion, driven by increases in both net interest income and noninterest income, reflecting solid growth across its key business segments. The balance sheet showed an increase in total assets to $3.5 trillion, fueled by loans and deposits. Management remains positive about revenue growth but acknowledges ongoing economic headwinds, particularly from inflation and geopolitical factors.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $42 Operating expenses $24 Left as operating profit $34

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Where revenue came from

The business segments reported by the company.

Consumer Banking 35.4% Global Markets 22.8% Global Wealth & Investment Management 21.5% Global Banking 20.3%

Shares of the segments disclosed in this filing, largest first.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Oct 2025 May 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$1.11

What stood out

  • Robust Q1 EPS Growth

    Diluted earnings per share increased to $1.11, up from $0.89 YoY.

  • Revenue Beats Expectations

    Total revenue reached $30.3 billion, exceeding the consensus estimate of $29.8 billion.

  • Strong Segment Performance

    Consumer Banking revenue up 5% YoY to $11.0 billion driven by increase in interest income.

  • Improved Loan Quality

    Nonperforming loans remained stable at $5.8 billion, with net charge-offs decreasing to $1.4 billion.

  • Healthy Capital Ratios Maintained

    Common equity tier 1 capital ratio was 11.2%, exceeding regulatory minimums.

  • Increase in Trading Revenue

    Total trading revenue rose 8% to $7.1 billion, reflecting growth in client activity.

What to watch

  • Economic Headwinds

    Management cited inflation and geopolitical tensions as concerns affecting future performance.

  • Regulatory Changes Risk

    Potential changes in regulatory capital requirements may impact financial flexibility.

  • Credit Risk Exposure

    Increased credit losses anticipated due to ongoing geopolitical conflicts and rising interest rates.

Management's outlook

Management expects continued pressure on margins due to economic uncertainty but is optimistic about overall revenue growth supported by loan demand.

Earlier filings 2

10-K · February 25, 2026

Bank of America reports a solid Q4/FY2025 finish with a Q4 net revenue (net of interest expense) of $28,532,000,000 (vs. consensus $27,641,358,760) and diluted EPS of $0.98 (vs. est. $0.96). Capital ratios and…

10-Q · October 31, 2025

Bank of America reported net income of $8.47 billion and diluted EPS of $1.06 for Q3 2025, up from $6.90 billion and $0.81 in Q3 2024, driven by higher net interest income and noninterest income. Total revenue (net of…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.