Bank of America
Bank of America reported total assets of $2,654.6 bn at Q2 2026, down 0.4% on a year earlier, the 2nd largest of 497 banks in our US coverage. The CET1 capital ratio at Bank of America was 12.10%, and the uninsured share of Bank of America was 45.36%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Bank of America slipped from 217th to 325th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , Bank of America has taken over one institution; the latest was Recontrust Company, National Association on (FDIC Call Reports).
What sets Bank of America apart
How large is Bank of America?
The balance sheet of Bank of America at : assets $2,654.6 bn, deposits $2,121.8 bn, net loans $1,198.4 bn (loans equal to 56.48% of deposits). Securities make up 31.5% of total assets at Bank of America. Since , when Bank of America held $1,653.9 bn, its assets grew 60.5%. In the year to , deposits at Bank of America rose 0.6% while its total assets fell 0.4%. At , Bank of America employed 133,777 full-time equivalent staff across 3,827 offices, about $19.8 mn of assets per employee and $554.4 mn of deposits per office.
How much funding at Bank of America is uninsured?
At Bank of America, uninsured deposits (above the FDIC limit) made up 45.36% of domestic deposits at (+0.87 pp on a year earlier); Bank of America ranks 133rd of 500 on this measure. In dollars, Bank of America estimated $899.7 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2,121.8 bn | +0.6% | 2nd of 499 |
| Net loans and leases | $1,198.4 bn | +6.1% | 2nd of 500 |
| Loan-to-deposit ratio | 56.48% | +2.92 pp | 464th of 500 |
| Tier 1 leverage ratio | 7.11% | -0.48 pp | 492nd of 500 |
| Total risk-based capital ratio | 13.11% | -1.21 pp | 345th of 448 |
| Net interest margin | 2.53% | +0.06 pp | 457th of 500 |
| Return on assets (ROA) | 1.13% | +0.02 pp | 335th of 500 |
| Efficiency ratio | 53.91% | -1.60 pp | 208th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $82.1 bn | Narrowed by $11.0 bn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.1 bn | Narrowed by $870.0 mn | |
| Noncurrent loans to total loans | 0.65% | -0.06 pp | 268th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.47% | -0.06 pp | 435th of 500 (1 = lowest) |
US rank of Bank of America: 1 = highest unless marked 1 = lowest.
Balance sheet
Bank of America: assets, deposits and loans
- Total assets $2,655bn
- Deposits $2,122bn
- Net loans $1,198bn
Capital and securities
The CET1 ratio of Bank of America stood at 12.10% in , -1.15 pp year on year. Low and high at Bank of America since : 11.88% () to 13.55% (). Equity capital of Bank of America at : $240.8 bn, or 9.1% of total assets. Bank of America also reported a total capital ratio of 13.11% for , and a tier 1 leverage ratio of 7.11%.
On held-to-maturity securities, Bank of America carried an unrealized loss of $82.1 bn at , equal to 34.1% of equity capital. The loss narrowed by $11.0 bn over the year. Its deepest point: $131.6 bn in . The available-for-sale portfolio of Bank of America showed an unrealized loss of $2.1 bn at ; the loss narrowed by $870.0 mn over the year.
Bank of America: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 7.1%
Bank of America: unrealized securities gains and losses
- Available for sale -$2.1bn
- Held to maturity -$82.1bn
Profitability and loan quality
For the year to , Bank of America earned a return on equity of 12.31%; return on assets: 1.13%. Net interest margin at Bank of America: 2.53%, +0.06 pp in a year. Bank of America net income: $14.9 bn, up 2.7% year on year. The efficiency ratio of Bank of America was 53.91%: about 54 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.65% of total loans at Bank of America; net charge-offs: 0.47% of average loans. Gross loans and leases at Bank of America: $1,211.5 bn, up 6.0% in a year.
Bank of America: profitability
- Return on equity 12%
- Net interest margin 2.5%
- Return on assets 1.1%
Peer group of Bank of America
The peer group of Bank of America is the 6 banks nearest to it by total assets at : 1 larger and 5 smaller. Of the peers, 5 share the charter type of Bank of America (national bank), 6 sit in the same size group (over $100 bn) and 0 have head offices in North Carolina. Against them, Bank of America shows CET1 ratio 12.10% against a peer median of 13.35%, return on equity 12.31% against a peer median of 13.05% and uninsured deposit share 45.36% against a peer median of 51.83%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| JPMorgan Chase Bank | National bank | OH | $4,091.3 bn | 15.03% | 18.55% | 62.53% | |
| Bank of America | National bank | NC | $2,654.6 bn | 12.10% | 12.31% | 45.36% | |
| Citibank | National bank | SD | $1,976.2 bn | 13.79% | 11.69% | 82.47% | |
| Wells Fargo Bank | National bank | SD | $1,907.9 bn | 12.06% | 14.88% | 50.57% | |
| Goldman Sachs Bank USA | State member bank | NY | $758.8 bn | 13.48% | 13.72% | 45.23% | |
| U.S. Bank | National bank | OH | $705.6 bn | 12.91% | 12.38% | 53.09% | |
| Capital One | National bank | VA | $662.2 bn | 13.21% | 11.35% | 20.82% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bank of America, to : assets +3.5%, deposits +5.2%, equity -1.2%. Staff 136,723 to 133,777; offices 3,941 to 3,827.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2,565.9 bn | $2,589.1 bn | $2,615.3 bn | $2,665.6 bn | $2,651.1 bn | $2,636.8 bn | $2,672.2 bn | $2,654.6 bn |
| Total deposits | $2,017.8 bn | $2,055.5 bn | $2,071.6 bn | $2,109.3 bn | $2,094.7 bn | $2,102.0 bn | $2,128.0 bn | $2,121.8 bn |
| Bank equity capital | $243.7 bn | $245.5 bn | $246.9 bn | $250.5 bn | $251.6 bn | $246.2 bn | $241.7 bn | $240.8 bn |
| CET1 ratio | 13.40% | 13.46% | 13.36% | 13.25% | 13.03% | 12.47% | 12.17% | 12.10% |
| Return on equity (ROE) | 11.30% | 11.31% | 11.59% | 11.75% | 12.09% | 12.24% | 12.16% | 12.31% |
| Uninsured share of domestic deposits | 41.82% | 42.67% | 42.33% | 44.49% | 44.43% | 43.96% | 44.03% | 45.36% |
| Full-time equivalent employees | 136,723 | 137,857 | 137,585 | 135,643 | 135,643 | 136,379 | 136,056 | 133,777 |
| Number of offices | 3,941 | 3,904 | 3,885 | 3,869 | 3,855 | 3,842 | 3,839 | 3,827 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bank of America, oldest first; figures before and after each event are not like for like.
- . Absorbed Recontrust Company, National Association (FDIC certificate 58026).
Questions and identifiers
What were the total assets of Bank of America?
Bank of America reported $2,654.6 bn at in its Call Report. That makes Bank of America the 2nd largest of 497 banks in our US coverage.
Is Bank of America the same as its holding company?
No. This page covers Bank of America, FDIC certificate 3510; BANK OF AMERICA CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bank of America profitable?
Bank of America reported net income of $14.9 bn for the year to ; annualized return on equity: 12.31%. So yes: Bank of America made a profit over these months.
When is data for Bank of America next updated?
Figures from Bank of America for are due after .
Where can I check the figures for Bank of America?
In the FDIC BankFind Suite record for certificate 3510, and in the Call Reports of Bank of America (RSSD ID 480228) at the FFIEC Central Data Repository.