BANK OF AMERICA CORP /DE/
For the period ended Mar 31, 2026. Filed May 1, 2026.
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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.
Mar 31, 2026 · Filed May 1, 2026
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All Other
| (Dollars in millions) | 2026 | 2025 | % Change |
|---|---|---|---|
| Net interest income | $(39) | $(22) | 77% |
| Noninterest income (loss) | (684) | (672) | 2 |
| Total revenue, net of interest expense | (723) | (694) | 4 |
| Provision for credit losses | (9) | (8) | 13 |
| Noninterest expense | 163 | 290 | (44) |
| Loss before income taxes | (877) | (976) | (10) |
| Income tax benefit | (978) | (924) | 6 |
| Net income (loss) | $101 | $(52) | n/m |
| Balance Sheet | |||
| Average | 2026 | 2025 | % Change |
| Total loans and leases | $6,989 | $8,016 | (13)% |
| Total assets (1) | 292,937 | 345,919 | (15) |
| Total deposits | 92,207 | 110,389 | (16) |
| Period end | March 312026 | December 312025 | % Change |
| Total loans and leases | $6,846 | $6,795 | 1% |
| Total assets (1) | 264,013 | 269,329 | (2) |
| Total deposits | 91,608 | 90,785 | 1 |
(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 $1.0 trillion and $976.7 billion for the three months ended March 31, 2026 and 2025, and period-end allocated assets were $1.0 trillion at both March 31, 2026 and December 31, 2025.
All Other primarily consists of ALM activities, liquidating businesses and certain expenses not otherwise allocated to a business segment, and adjustments to allocate income tax benefits from tax-related equity investments to noninterest income to present Global Banking and Global Markets on an FTE basis. 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.
Results in All Other improved $153 million to net income of $101 million primarily due to lower noninterest expense.
Noninterest expense decreased $127 million to $163 million primarily due to lower expenses related to a liquidating business activity.
The income tax benefit increased $54 million to $978 million.
15 Bank of America
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