Bank of America Beats Estimates, Posts Record Q3 2025 Profits

On October 15, 2025, Bank of America (NYSE: BAC) announced its third-quarter 2025 financial results, showcasing strong performance across its business segments. The bank reported a net income of $8.5 billion, up from $6.9 billion a year ago, and earnings per share of $1.06, beating the analyst consensus estimate of $0.94.

Revenue, net of interest expense, increased 11% year-over-year to $28.24 billion, surpassing the analyst consensus estimate of $27.50 billion. The bank's Consumer Banking segment reported a net income of $3.44 billion, up from $2.69 billion a year earlier, while Global Wealth and Investment Management generated $1.27 billion, an increase from $1.06 billion.

Bank of America's net interest income rose 9% year-over-year to $15.2 billion, driven by higher NII related to Global Markets activity, fixed-rate asset repricing, and growth in deposits and loans. Noninterest income also increased 13% to $12.9 billion. The bank's efficiency ratio improved to 61.39%, compared to 64.64% a year ago.

The bank's average loan and lease balance grew 9% year-over-year to $1.15 trillion, and average deposits increased 4% to $1.99 trillion, marking the ninth consecutive quarter of sequential growth. Bank of America's tangible book value per share rose to $28.39, up from $27.71 in the previous quarter.

Looking ahead, the bank expects net interest income of $15.6 billion to $15.7 billion in the fourth quarter of 2025, representing an approximately 8% year-over-year increase.