Short answer
Bank of America Corp (BAC) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $113.1B (+11.0% year over year) and net income of $30.5B.
- Top risk flagged: OCC Consent Order (Dec 2024) against BANA for BSA/anti-money laundering and economic sanctions compliance failures; additional regulators investigating same programs
FY2025 key financial metrics · XBRL
- Revenue
- $113.1B
- +11.0% YoY
- Net income
- $30.5B
- +12.4% YoY
- EPS (diluted)
- $3.81
- +18.7% YoY
- ROE
- 10.1%
- +0.9 pp YoY
- Operating cash flow
- $12.6B
- +243.2% YoY
Source: XBRL data from the Bank of America Corp (BAC) FY2025 10-K on SEC EDGAR. USD.
Bank of America Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Full-service financial institution across Consumer Banking, GWIM, Global Banking, and Global Markets segments
- Compensation and benefits expense rose to $42.3B in 2025 vs $40.2B in 2024, representing 61% of total noninterest expense
- Workforce stable at ~213,000 employees; hired 18,000+ in 2025 with 7.6 million training hours delivered
- U.S. minimum wage reached $25/hour in October 2025, completing goal announced in 2021; ~96% of employees receiving Sharing Success awards in Q1 2026
- SCB decreased to 2.5% after 2025 CCAR stress test; G-SIB surcharge remains 3.0%, constraining capital return capacity
Management Discussion & Analysis
- Revenue $113.1B, up $7.2B (+6.8%) YoY; NII $60.1B (+$4.0B), noninterest income $53.0B (+$3.2B)
- Efficiency ratio 61.65% vs 63.12%; return on avg tangible common equity 14.22% vs 12.94%; net income $30.5B vs $27.0B
- Best segment: Consumer Banking net income $12.2B, efficiency ratio 51.97%; worst: Global Banking net income $7.8B, down $191M, efficiency ratio 51.51% vs 49.91%
- Capital return: common dividends $1.08/share vs $1.00; share count reduced ~157M avg diluted shares YoY; loans grew $89.9B, deposits $53.3B
- Key risks: tariff/trade policy uncertainty, interest rate volatility, potential higher credit losses; CET1 ratio declined to 11.4% from 11.9%
Risk Factors
- OCC Consent Order (Dec 2024) against BANA for BSA/anti-money laundering and economic sanctions compliance failures; additional regulators investigating same programs
- US-China tariff escalation risk: counter-tariffs, FX measures, or large-scale sale of US Treasuries could destabilize financial markets and disrupt world trade
- GSE concentration: sold ~$2.3B loans to GSEs (primarily Freddie Mac) in 2025; potential conservatorship exit could force costlier alternative funding or higher credit risk retention
- G-SIB surcharge rising from 3.0% to 3.5% in 2027, with further increases possible, constraining dividends and share buybacks
Generated from the filing text; verify against the original. How to read a 10-K
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