Bank of America(US:BAC)2026-01-14 11:45Financial Performance - Net interest income for the year ended December 31, 2025, was $60,096 million, an increase from $56,060 million in 2024[8] - Noninterest income reached $53,001 million for 2025, compared to $49,796 million in the previous year[8] - Total revenue, net of interest expense, was $113,097 million in 2025, up from $105,856 million in 2024[8] - Net income applicable to common shareholders for Q4 2025 was $29,055 million, a rise from $25,344 million in Q4 2024[8] - Diluted earnings per common share increased to $3.81 in Q4 2025, compared to $3.19 in the same quarter of 2024[8] - Net income for 2025 was $30,509 million, an increase of 5.7% from $26,973 million in 2024[10] - Earnings per common share rose to $3.86 in 2025, compared to $3.23 in 2024, indicating a growth of 19.5%[9] - Comprehensive income for 2025 was $35,268 million, compared to $29,476 million in 2024, reflecting an increase of 19.7%[10] Efficiency and Cost Management - The efficiency ratio improved to 61.65% in 2025 from 63.12% in 2024, indicating better cost management[8] - The efficiency ratio improved to 59.39% in the fourth quarter of 2025 from 62.59% in the third quarter of 2025[18] - The efficiency ratio improved to 51.97% in 2025 from 53.35% in 2024[22] - The efficiency ratio improved to 51.51% in 2025 from 49.91% in 2024, reflecting better cost management[26] - The efficiency ratio improved to 63.99% in 2025 from 63.85% in 2024, indicating better cost management[28] Assets and Liabilities - Total assets increased to $3,410,394 million as of December 31, 2025, compared to $3,403,149 million in the previous quarter[12] - Total liabilities rose to $3,107,151 million, compared to $3,100,712 million in the previous quarter[12] - Total deposits reached $2,018,729 million, an increase from $2,002,208 million in the previous quarter[12] - Total capital under the Standardized approach was $261,188 million, down from $263,433 million in the previous quarter[14] - Total capital under the Advanced approaches was $250,121 million, a decrease from $252,730 million in the prior quarter[14] Loans and Credit Quality - Total loans and leases at the end of the fourth quarter of 2025 amounted to $1,185,700 million, up from $1,165,900 million in the third quarter of 2025[19] - Total consumer loans reached $478,406 million in Q4 2025, with a net interest income of $6,874 million, reflecting a yield of 5.71%[15] - U.S. commercial loans increased to $455,781 million in Q4 2025, generating a net interest income of $5,934 million, with a yield of 5.17%[15] - Total nonperforming loans, leases, and foreclosed properties increased to $5,905 million as of December 31, 2025, up from $5,470 million in the previous quarter, representing an increase of 7.9%[35] - Nonperforming consumer loans and leases at the end of Q4 2025 were $2,576 million, a net increase of $45 million from the previous quarter[36] Shareholder Equity - The market capitalization at the end of 2025 was $396,686 million, up from $334,497 million in 2024[8] - Shareholders' equity at the end of 2025 was $303,243 million, up from $293,963 million in 2024, marking an increase of about 3.4%[42] - Tangible common shareholders' equity rose to $207,214 million in 2025, compared to $200,715 million in 2024, showing a growth of approximately 3.7%[42] - Book value per share of common stock increased to $38.44 in 2025 from $35.58 in 2024, reflecting a growth of approximately 8.3%[42] Credit Losses and Provisions - Provision for credit losses was $5,675 million in 2025, slightly down from $5,821 million in 2024, indicating a decrease of about 2.5%[42] - Total net charge-offs for Q4 2025 were $1,287 million, with a net charge-off ratio of 0.44%[37] - For the year ended December 31, 2025, total net charge-offs amounted to $5,631 million, reflecting a net charge-off ratio of 0.50%[38] - The allowance for loan and lease losses as of December 31, 2025, was $13,203 million, equating to 1.12% of total loans and leases[39] Digital Banking and Customer Engagement - Active digital banking users increased to 49,323 thousand in the fourth quarter of 2025, compared to 48,150 thousand in the same quarter of 2024[23] - New credit card accounts opened in the fourth quarter of 2025 totaled 3,531 thousand, compared to 901 thousand in the same quarter of 2024[23] - Consumer banking loan production for first mortgages in 2025 was $26,326 million, up from $21,104 million in 2024[23]