Bank of America said net income for the 3 months ended March 31, 2025 was $7.4 billion, or $0.90 per diluted share, compared to $6.7 billion, or $0.76 per diluted share, for the same period a year ago. It cited higher noninterest income and net interest income as factors in the increase, partially offset by higher noninterest expense.

1. 01

   Bank of America said net income for the 3 months ended March 31, 2025 was $7.4 billion, or $0.90 per diluted share, compared to $6.7 billion, or $0.76 per diluted share, for the same period a year ago. It cited higher noninterest income and net interest income as factors in the increase, partially offset by higher noninterest expense.

2. 02

   Bank of America said net interest income for the 3 months ended March 31, 2025 increased $411 million to $14.4 billion compared to the same period a year ago. Net interest yield on an FTE basis was 1.99%, unchanged from the same period a year ago.

3. 03

   Bank of America said noninterest income for the 3 months ended March 31, 2025 increased $1.1 billion to $12.9 billion compared to the same period a year ago. It said investment and brokerage services increased $626 million and market making and similar activities decreased $304 million.

4. 04

   Bank of America said noninterest expense for the 3 months ended March 31, 2025 increased $533 million to $17.8 billion compared to the same period a year ago. The prior-year period included an accrual of $700 million related to the Corporation's share of the FDIC special assessment.

Key figures

Quarter ended March 31, 2025

Revenue

$27.4B

Net income

$7.4B

EPS

$0.90

Operating cash flow

−$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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