JP MORGAN CHASE(US:JPM)2026-01-13 11:41Financial Performance - Total net revenue for Q4 2025 was $45,798 million, a decrease of 1% from Q3 2025 and an increase of 7% year-over-year[4]. - Net income for Q4 2025 was $13,025 million, down 10% from Q3 2025 and down 7% from Q4 2024[4]. - Earnings per share (EPS) for Q4 2025 was $4.64, a decrease of 9% from Q3 2025 and a decrease of 4% from Q4 2024[4]. - Total net revenue for Q4 2025 was $46,767 million, down 1% from Q3 2025, but up 7% year-over-year[9]. - Net income for Q4 2025 was $13,025 million, a decrease of 10% from Q3 2025, but a slight decrease of 2% year-over-year[9]. - Total net revenue for Q4 2025 was $19,396 million, a 6% increase from Q4 2024, with full-year revenue reaching $76,029 million, up 6% from 2024[41]. - Net income for Q4 2025 was $3,642 million, a 27% decrease from Q3 2025, with full-year net income at $18,245 million, a 4% increase from 2024[41]. Expenses and Provisions - Provision for credit losses increased to $4,655 million in Q4 2025, a 37% increase from Q3 2025 and a 77% increase year-over-year[4]. - Total noninterest expense for Q4 2025 was $23,983 million, a decrease of 1% from Q3 2025 and an increase of 5% year-over-year[4]. - Noninterest expense for Q4 2025 was $23,983 million, down 1% from Q3 2025, but up 5% compared to Q4 2024[13]. - Provision for credit losses for Q4 2025 was $4,655 million, a 37% increase from Q3 2025 and a 77% increase from Q4 2024[28]. - Noninterest revenue reported for Q4 2025 was $20,803 million, a decrease of 7% compared to $22,461 million in Q3 2025[99]. Assets and Liabilities - Total assets decreased by 3% quarter-over-quarter to $4,424,900 million, but increased by 11% year-over-year[9]. - Total liabilities decreased by 3% from $4,199,993 million in September 2025 to $4,062,462 million in December 2025, with an 11% increase year-over-year from $3,658,056 million[17]. - Total assets as of December 31, 2025, were $1,329,632 million, a 2% increase from September 30, 2025[75]. - Total deposits increased by 3% quarter-over-quarter to $1,226,155 million, and by 13% year-over-year[55]. Capital and Equity - Market capitalization at the end of Q4 2025 was $868,793 million, reflecting a 30% increase from the previous year[4]. - Common equity Tier 1 (CET1) capital ratio was 14.5% in Q4 2025, down from 14.8% in Q3 2025[4]. - Total stockholders' equity increased by 1% from $360,212 million in September 2025 to $362,438 million in December 2025, reflecting a 5% increase from $344,758 million in December 2024[17]. - Standardized CET1 capital increased to $288,483 million, reflecting a 5% year-over-year growth[34]. - Common stockholders' equity increased to $342,393 million, a 5% rise from $324,708 million in the previous year[35]. Loans and Deposits - Total loans increased by 4% quarter-over-quarter to $1,493,429 million, and by 11% year-over-year[9]. - Total deposits rose by 6% year-over-year to $2,559,320 million, with interest-bearing deposits increasing by 8%[9]. - Total consumer loans increased to $650,055 million, a 3% increase from the previous quarter and a 4% increase year-over-year[83]. - Total wholesale loans rose to $843,374 million, reflecting a 5% increase from the previous quarter and a 17% increase year-over-year[83]. Shareholder Returns - Cash dividends declared per share increased to $1.50, a 20% increase from the previous quarter[4]. - Dividends declared on common stock increased by 16% year-over-year, totaling $16,060 million[34]. - The firm repurchased 26.7 million shares of common stock in Q4 2025, with an average price of $309.81 per share, reflecting a 4% increase in average price compared to Q3 2025[39]. - The total aggregate repurchases of common stock for the full year reached $31,640 million, a significant increase of 68% from the previous year[39]. Employee Metrics - The firm employed 318,512 employees, a slight increase from 318,153 in the previous quarter[9]. - The company had 50,031 employees at the end of Q4 2025, a slight increase from 50,013 in Q3 2025[75]. Risk and Credit Quality - The allowance for loan losses increased to $25,765 million in Q4 2025, up 6% from $24,345 million in Q4 2024[91]. - Nonaccrual loans decreased by 3% from $3,596 million in Q3 2025 to $3,484 million in Q4 2025, and increased by 4% year-over-year from $3,366 million in Q4 2024[48]. - Total net charge-offs increased by 4% from $1,963 million in Q3 2025 to $2,044 million in Q4 2025, and increased by 4% year-over-year from $1,966 million in Q4 2024[48].