Bank of America Corporation (BAC) Announced Q1 2026 Earnings on April 15, 2026, Reporting "Revenue grew 7% year-over-year to $30.3 billion".

For the first quarter of 2026, Bank of America Corporation reported that "Revenue grew 7% year-over-year to $30.3 billion". Executive Brian Moynihan noted that for the first quarter, "Earnings per share were up 25% year-over-year to $1.11 per share". The company achieved "operating leverage of 290 basis points this quarter" and reported that the "efficiency ratio for our company improved 170 basis points year-over-year to 61%". Additionally, for the first quarter, "net interest income on a fully taxable equivalent basis was $15.9 billion".During the earnings call, Moynihan stated that "Every segment grew revenue.Every segment grew earnings.Every segment grew average deposits and every segment grew loans". The company observed that "Client activity remained healthy and revenues in each of these areas grew at double-digit rates compared to the first quarter of 2025",. Executive Alastair Borthwick highlighted that "Consumer Banking delivered a strong first quarter" with "Net income was $3.1 billion, up 21% year-over-year". Furthermore, Borthwick noted that "Digital adoption remains strong with 79% of households digitally active".Regarding forward guidance, Borthwick announced, "we're raising our full year NII growth guidance range for 2026 versus 2025 to be up 6% to 8%". Management also stated, "we continue to expect more than 200 basis points of positive operating leverage for the year". For taxes, Borthwick provided guidance that "for the full year 2026, we expect an effective tax rate of just a little more than 20%",. Strategically, the company continues to focus on "The continued digitization of activities by our clients and inside our company, the application of artificial intelligence that detailed process reengineering" to limit cost increases.