BANK OF AMERICA CORP /DE/
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Non-GAAP Reconciliations
Tables 48 and 49 provide reconciliations of certain non-GAAP financial measures to GAAP financial measures.
| Table 48 | Annual Reconciliations to GAAP Financial Measures (1) | ||
|---|---|---|---|
| (Dollars in millions, shares in thousands) | 2025 | 2024 | 2023 |
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | |||
| Shareholders’ equity | $298,474 | $292,467 | $281,861 |
| Goodwill | (69,021) | (69,021) | (69,022) |
| Intangible assets (excluding MSRs) | (1,883) | (1,961) | (2,039) |
| Related deferred tax liabilities | 841 | 866 | 893 |
| Tangible shareholders’ equity | $228,411 | $222,351 | $211,693 |
| Preferred stock | (24,039) | (26,487) | (28,397) |
| Tangible common shareholders’ equity | $204,372 | $195,864 | $183,296 |
| Reconciliation of year-end shareholders’ equity to year-end tangible shareholders’ equity and year-end tangible common shareholders’ equity | |||
| Shareholders’ equity | $303,243 | $293,963 | $290,209 |
| Goodwill | (69,021) | (69,021) | (69,021) |
| Intangible assets (excluding MSRs) | (1,841) | (1,919) | (1,997) |
| Related deferred tax liabilities | 825 | 851 | 874 |
| Tangible shareholders’ equity | $233,206 | $223,874 | $220,065 |
| Preferred stock | (25,992) | (23,159) | (28,397) |
| Tangible common shareholders’ equity | $207,214 | $200,715 | $191,668 |
| Reconciliation of year-end assets to year-end tangible assets | |||
| Assets | $3,411,738 | $3,261,299 | $3,180,515 |
| Goodwill | (69,021) | (69,021) | (69,021) |
| Intangible assets (excluding MSRs) | (1,841) | (1,919) | (1,997) |
| Related deferred tax liabilities | 825 | 851 | 874 |
| Tangible assets | $3,341,701 | $3,191,210 | $3,110,371 |
(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 31.
| Table 49 | Quarterly Reconciliations to GAAP Financial Measures (1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 2025 Quarters | 2024 Quarters | |||||||
| (Dollars in millions) | Fourth | Third | Second | First | Fourth | Third | Second | First |
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity andaverage tangible common shareholders’ equity | ||||||||
| Shareholders’ equity | $303,873 | $300,381 | $295,329 | $294,187 | $293,398 | $293,431 | $291,943 | $291,074 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) |
| Intangible assets (excluding MSRs) | (1,853) | (1,873) | (1,893) | (1,912) | (1,932) | (1,951) | (1,971) | (1,990) |
| Related deferred tax liabilities | 827 | 839 | 846 | 851 | 859 | 864 | 869 | 874 |
| Tangible shareholders’ equity | $233,826 | $230,326 | $225,261 | $224,105 | $223,304 | $223,323 | $221,820 | $220,937 |
| Preferred stock | (25,992) | (25,232) | (22,573) | (22,307) | (23,493) | (25,984) | (28,113) | (28,397) |
| Tangible common shareholders’ equity | $207,834 | $205,094 | $202,688 | $201,798 | $199,811 | $197,339 | $193,707 | $192,540 |
| Reconciliation of period-end shareholders’ equity toperiod-end tangible shareholders’ equity andperiod-end tangible common shareholders’ equity | ||||||||
| Shareholders’ equity | $303,243 | $302,437 | $298,021 | $293,949 | $293,963 | $294,774 | $292,340 | $292,094 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) |
| Intangible assets (excluding MSRs) | (1,841) | (1,860) | (1,880) | (1,899) | (1,919) | (1,938) | (1,958) | (1,977) |
| Related deferred tax liabilities | 825 | 828 | 842 | 846 | 851 | 859 | 864 | 869 |
| Tangible shareholders’ equity | $233,206 | $232,384 | $227,962 | $223,875 | $223,874 | $224,674 | $222,225 | $221,965 |
| Preferred stock | (25,992) | (25,992) | (23,495) | (20,499) | (23,159) | (24,554) | (26,548) | (28,397) |
| Tangible common shareholders’ equity | $207,214 | $206,392 | $204,467 | $203,376 | $200,715 | $200,120 | $195,677 | $193,568 |
| Reconciliation of period-end assets to period-endtangible assets | ||||||||
| Assets | $3,411,738 | $3,403,149 | $3,440,798 | $3,349,039 | $3,261,299 | $3,323,917 | $3,257,896 | $3,273,884 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) |
| Intangible assets (excluding MSRs) | (1,841) | (1,860) | (1,880) | (1,899) | (1,919) | (1,938) | (1,958) | (1,977) |
| Related deferred tax liabilities | 825 | 828 | 842 | 846 | 851 | 859 | 864 | 869 |
| Tangible assets | $3,341,701 | $3,333,096 | $3,370,739 | $3,278,965 | $3,191,210 | $3,253,817 | $3,187,781 | $3,203,755 |
(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 31.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.