Company financialsFinancialsFrom SEC filings
Bank of America financials, fiscal 2016 to 2025
BofA Finance LLC · NYSE: BAC
Latest fiscal year ended December 31, 2025
10-K filed February 25, 2026 · 0000070858-26-000157
Updated
Bank of America's revenue rose 6.8% to $113.1B in fiscal 2025. Net income was $30.5B, up 13.1%. Its return on equity was 10.2%, up from 9.2% a year earlier. Its efficiency ratio was 61.6%, down from 63.1% a year earlier. It paid out $31.0B in dividends and buybacks. The diluted share count fell 3.2%.
Revenue
$113.1B
▲ 6.8%
Net income
$30.5B
▲ 13.1%
Return on equity
10.2%
▲ 1.0 pts
Return on tangible equity
12.8%
▲ 1.3 pts
Efficiency ratio
61.6%
▼ 1.5 pts
Revenue and returns
Revenue
US$ billions, fiscal years. Revenue is net of interest expense.
Return on equity
Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.
Return on equityReturn on tangible common equity
Efficiency and income mix
Efficiency ratio and net interest income
Percent of revenue. The efficiency ratio is noninterest expense over revenue.
Efficiency ratioNet interest income share
Payouts and share count
Dividends and buybacks
US$ billions, cash paid in each fiscal year
DividendsShare buybacks
Diluted share count
Weighted-average diluted shares, billions
Balance sheet
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | 966.7 | 1,033.1 | 1,040.4 | 1,082.6 | 1,172.5 |
| Deposits | 2,064.4 | 1,930.3 | 1,923.8 | 1,965.5 | 2,018.7 |
| Loans to deposits | 46.8% | 53.5% | 54.1% | 55.1% | 58.1% |
| Provision for credit losses | −4.2 | 2.5 | 4.7 | 5.9 | 5.6 |
| Provision to average loans | — | 0.2% | 0.5% | 0.6% | 0.5% |
| Total assets | 3,169.5 | 3,051.4 | 3,180.2 | 3,261.3 | 3,411.7 |
| Shareholders' equity | 270.1 | 273.2 | 290.2 | 294.0 | 303.2 |
US$ billions unless stated, at each fiscal year end.
Compared with peers
| Company | Year | Revenue growth | Net margin | ROE | ROTE | Efficiency ratio |
|---|---|---|---|---|---|---|
| Bank of America | FY25 | 6.8% | 27.0% | 10.2% | 12.8% | 61.6% |
| JPMorgan Chase | FY25 | 2.8% | 31.3% | 16.1% | 18.5% | 52.4% |
| Citigroup | FY25 | 5.6% | 16.8% | 6.8% | 7.8% | 64.7% |
| Wells Fargo | FY25 | 1.7% | 25.5% | 11.8% | 14.8% | 65.5% |
| Goldman Sachs | FY25 | 8.9% | 29.5% | 13.9% | 15.9% | 64.4% |
Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.
10 years of figures
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | 83.7 | 87.1 | 91.0 | 91.2 | 85.5 | 89.1 | 95.0 | 102.8 | 105.9 | 113.1 |
| Revenue growth | 0.9% | 4.1% | 4.5% | 0.2% | −6.3% | 4.2% | 6.5% | 8.2% | 3.0% | 6.8% |
| Net interest income | 41.1 | 45.2 | 48.2 | 48.9 | 43.4 | 42.9 | 52.5 | 56.9 | 56.1 | 60.1 |
| Noninterest income | 42.6 | 41.9 | 42.9 | 42.4 | 42.2 | 46.2 | 42.5 | 45.8 | 49.8 | 53.0 |
| Noninterest expense | 55.1 | 54.5 | 53.2 | 54.9 | 55.2 | 59.7 | 61.4 | 65.8 | 66.8 | 69.7 |
| Provision for credit losses | 3.6 | 3.4 | 3.3 | 3.6 | 10.6 | −4.2 | 2.5 | 4.7 | 5.9 | 5.6 |
| Net income | 17.8 | 18.2 | 28.1 | 27.4 | 17.9 | 32.0 | 27.5 | 26.3 | 27.0 | 30.5 |
| Diluted EPS (US$) | 1.49 | 1.56 | 2.61 | 2.75 | 1.87 | 3.57 | 3.19 | 3.05 | 3.19 | 3.81 |
| Diluted shares (millions) | 11,047 | 10,778 | 10,237 | 9,443 | 8,797 | 8,558 | 8,168 | 8,080 | 7,936 | 7,681 |
| Payouts | ||||||||||
| Dividends paid | 4.2 | 5.7 | 6.9 | 5.9 | 7.7 | 8.1 | 8.6 | 9.1 | 9.5 | 9.6 |
| Share buybacks | 5.1 | 12.8 | 20.1 | 28.1 | 7.0 | 25.1 | 5.1 | 4.6 | 13.1 | 21.4 |
| Balance sheet at fiscal year end | ||||||||||
| Loans, net | 895.4 | 926.4 | 937.3 | 974.0 | — | 966.7 | 1,033.1 | 1,040.4 | 1,082.6 | 1,172.5 |
| Deposits | 1,260.9 | 1,309.5 | 1,381.5 | 1,434.8 | 1,795.5 | 2,064.4 | 1,930.3 | 1,923.8 | 1,965.5 | 2,018.7 |
| Total assets | 2,188.1 | 2,281.2 | 2,354.5 | 2,434.1 | 2,819.6 | 3,169.5 | 3,051.4 | 3,180.2 | 3,261.3 | 3,411.7 |
| Shareholders' equity | 266.2 | 267.1 | 265.3 | 264.8 | 272.9 | 270.1 | 273.2 | 290.2 | 294.0 | 303.2 |
| Ratios | ||||||||||
| Return on equity | 6.8% | 6.8% | 10.6% | 10.3% | 6.7% | 11.8% | 10.1% | 9.3% | 9.2% | 10.2% |
| Return on tangible common equity | 8.4% | 8.4% | 13.5% | 13.3% | 8.3% | 15.2% | 13.0% | 11.7% | 11.5% | 12.8% |
| Return on assets | 0.8% | 0.8% | 1.2% | 1.1% | 0.7% | 1.1% | 0.9% | 0.8% | 0.8% | 0.9% |
| Efficiency ratio | 65.8% | 62.6% | 58.4% | 60.2% | 64.6% | 67.0% | 64.7% | 64.1% | 63.1% | 61.6% |
US$ billions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)
Source: Bank of America's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Bank of America.