BANK OF AMERICA CORP /DE/
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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All Other
| Three Months Ended September 30 · Nine Months Ended September 30 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars in millions) · 2025 · 2024 · % Change · 2025 · 2024 · % Change | ||||||||||||||
| Net interest income | $(26) | $(1) | n/m | $(69) | $43 | n/m | ||||||||
| Noninterest income (loss) | (1,679) | (2,151) | (22)% | (5,007) | (5,594) | (10)% | ||||||||
| Total revenue, net of interest expense | (1,705) | (2,152) | (21) | (5,076) | (5,551) | (9) | ||||||||
| Provision for credit losses | 4 | (3) | n/m | (13) | (16) | (19) | ||||||||
| Noninterest expense | 201 | 171 | 18 | 638 | 1,426 | (55) | ||||||||
| Loss before income taxes | (1,910) | (2,320) | (18) | (5,701) | (6,961) | (18) | ||||||||
| Income tax benefit | (1,904) | (2,025) | (6) | (5,614) | (5,720) | (2) | ||||||||
| Net loss | $(6) | $(295) | (98) | $(87) | $(1,241) | (93) | ||||||||
| Balance Sheet | ||||||||||||||
| Three Months Ended September 30 · Nine Months Ended September 30 | ||||||||||||||
| Average | 2025 | 2024 | % Change | 2025 | 2024 | % Change | ||||||||
| Total loans and leases | $7,739 | $8,570 | (10)% | $7,819 | $8,680 | (10)% | ||||||||
| Total assets (1) | 330,802 | 382,528 | (14) | 343,435 | 372,885 | (8) | ||||||||
| Total deposits | 98,338 | 117,804 | (17) | 104,032 | 110,995 | (6) | ||||||||
| Period end | September 302025 | December 312024 | % Change | |||||||||||
| Total loans and leases | $7,422 | $8,177 | (9)% | |||||||||||
| Total assets (1) | 309,051 | 341,272 | (9) | |||||||||||
| Total deposits | 96,493 | 103,871 | (7) | |||||||||||
(1)In segments where the total of liabilities and equity exceeds assets, which are generally deposit-taking segments, we allocate assets from All Other to those segments to match liabilities (i.e., deposits) and allocated shareholders’ equity. Average allocated assets were $992.5 billion and $982.3 billion for the three and nine months ended September 30, 2025 compared to $944.4 billion and $948.0 billion for the same periods in 2024, and period-end allocated assets were $1.0 trillion and $978.4 billion at September 30, 2025 and December 31, 2024.
All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. For more information on our ALM activities, see Note 17 – Business Segment Information to the Consolidated Financial Statements.
The net loss in All Other decreased $289 million to $6 million primarily due to a lower loss in noninterest income.
The loss in noninterest income decreased $472 million due to lower partnership losses on tax-related equity investments and lower valuation losses.
The income tax benefit decreased $121 million reflecting the impact of lower pretax losses.
The net loss in All Other decreased $1.2 billion to $87 million primarily due to lower noninterest expense and a lower loss in noninterest income.
The loss in noninterest income decreased $587 million primarily due to the same factors as described in the three-month discussion.
Noninterest expense decreased $788 million to $638 million primarily due to a $700 million accrual recorded in the prior year for the increase in the Corporation’s estimated share of the FDIC special assessment and lower expenses related to a liquidating business activity.
The income tax benefit decreased $106 million reflecting the impact of lower pretax losses.
19 Bank of America
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