Bank of America ( (BAC) ) has released its Q1 earnings. Here is a breakdown of the information Bank of America presented to its investors.
Bank of America, a leading global financial institution, offers a wide range of banking, investment, and financial services to individuals, businesses, and corporations across more than 35 countries. The company is renowned for its extensive digital banking platform and strong presence in wealth management and corporate banking.
In its first-quarter 2025 earnings report, Bank of America announced a net income of $7.4 billion, with earnings per share rising to $0.90. The bank’s revenue increased by 6% year-over-year to $27.4 billion, driven by growth in net interest income and fee income across all segments.
Key financial highlights include a 3% increase in net interest income to $14.4 billion and a 6% rise in average loans and leases to $1.09 trillion. The Consumer Banking segment reported a net income of $2.5 billion, while Global Wealth and Investment Management saw an 8% revenue increase. Global Markets achieved a 12% revenue growth, with equities revenue reaching a record high.
The bank’s balance sheet remains robust, with average deposits nearing $2 trillion and a common equity tier 1 capital ratio of 11.8%. Bank of America returned $6.5 billion to shareholders through dividends and share repurchases, reflecting its strong capital position.
Looking ahead, Bank of America is poised to navigate potential economic changes with confidence, supported by disciplined investments and a diverse business portfolio. The management remains focused on responsible growth and is optimistic about continuing to deliver value to clients and shareholders.