BANK OF AMERICA CORP /DE/BAC

BANK OF AMERICA CORP /DE/ Revenue Disclosure

10-KFiled Feb 25, 20262 min read
Net Interest Income and Noninterest Income
The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for 2025, 2024 and 2023. For more information, see Note 1 – Summary of Significant Accounting Principles. For a disaggregation of noninterest income by business segment and All Other, see Note 23 – Business Segment Information.
(Dollars in millions)202520242023
Net interest income
Interest income
Loans and leases$63,080 $61,993 $57,124 
Debt securities27,393 26,007 20,226 
Federal funds sold and securities borrowed or purchased under agreements to resell 15,433 19,911 18,679 
Trading account assets12,239 10,376 8,773 
Other interest income (1)
20,421 28,320 25,460 
Total interest income138,566 146,607 130,262 
Interest expense
Deposits34,513 38,442 26,163 
Short-term borrowings 28,042 34,538 30,553 
Trading account liabilities2,657 2,191 2,043 
Long-term debt13,258 15,376 14,572 
Total interest expense78,470 90,547 73,331 
Net interest income$60,096 $56,060 $56,931 
Noninterest income
Fees and commissions
Card income
Interchange fees (2)
$3,876 $4,013 $3,983 
Other card income2,483 2,271 2,071 
Total card income6,359 6,284 6,054 
Service charges
Deposit-related fees5,044 4,708 4,382 
Lending-related fees1,413 1,347 1,302 
Total service charges6,457 6,055 5,684 
Investment and brokerage services
Asset management fees15,601 13,875 12,002 
Brokerage fees4,355 3,891 3,561 
Total investment and brokerage services 19,956 17,766 15,563 
Investment banking fees
Underwriting income3,320 3,275 2,235 
Syndication fees1,420 1,221 898 
Financial advisory services1,890 1,690 1,575 
Total investment banking fees6,630 6,186 4,708 
Total fees and commissions39,402 36,291 32,009 
Market making and similar activities12,014 12,967 12,732 
Other income (loss)1,585 538 1,097 
Total noninterest income$53,001 $49,796 $45,838 
(1)Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $10.5 billion, $16.8 billion and $16.0 billion for 2025, 2024 and 2023.
(2)Gross interchange fees and merchant income were $13.8 billion, $13.6 billion and $13.3 billion for 2025, 2024 and 2023, respectively and are presented net of $9.9 billion, $9.5 billion and $9.3 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 25, 2025

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

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