**Bank of America Reports Increased Net Income and Revenue in 2025**
Bank of America Corporation reported a net income of $30.5 billion for 2025, an increase from $27.0 billion in the previous year. Diluted earnings per share rose to $3.81, compared to $3.19 in 2024. The corporation attributed this growth to higher net interest income and noninterest income, which were partially offset by increased noninterest expenses. The aggregate market value of the company’s common stock held by non-affiliates as of June 30, 2025, was approximately $351.9 billion.
The company's total revenue, net of interest expense, reached $113.1 billion, up from $105.9 billion in 2024. Net interest income increased to $60.1 billion, driven by higher net interest income related to Global Markets activity, fixed-asset repricing, and deposit and loan growth, while noninterest income rose to $53.0 billion, bolstered by increases in service charges, investment and brokerage services, and investment banking fees. However, market making and similar activities saw a decrease, primarily due to lower trading revenue from credit products in FICC and derivatives used in foreign currency risk management. The provision for credit losses decreased by $146 million to $5.7 billion.
Strategic developments included a $40 billion common stock repurchase program authorized by the Board of Directors, effective August 1, 2025, replacing the previous program. During the three months ended December 31, 2025, the Corporation repurchased approximately 117 million shares, or $6.3 billion, of its common stock. The Corporation also declared a quarterly common stock dividend of $0.28 per share, payable on March 27, 2026, to shareholders of record as of March 6, 2026.
Key operational developments included a workforce of approximately 213,000 employees at both December 31, 2025, and 2024, with 77% and 78% located in the U.S., respectively. The Corporation hired over 18,000 teammates in 2025 and delivered more than 7.6 million hours of training and development to its teammates through Bank of America Academy. The Corporation also increased its minimum hourly wage for U.S. employees to $25 per hour by October 2025. The Corporation’s compensation and benefits expense was $42.3 billion in 2025, representing 61% of total noninterest expense.
About BANK OF AMERICA CORP /DE/
Bank of America Corporation is a leading global financial institution offering a broad range of banking, investing, asset management, and risk management services. Serving individual consumers, businesses, institutional investors, corporations, and governments, it operates through segments including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The company competes on product diversity, technology, and customer service, operating under extensive regulatory oversight in the U.S. and internationally.
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