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Bank of America (BAC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2026, Bank of America (BAC - Free Report) reported revenue of $30.27 billion, up 10.6% over the same period last year. EPS came in at $1.11, compared to $0.90 in the year-ago quarter.
The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $29.94 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +10.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bank of America performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio (FTE basis): 60.9% versus the five-analyst average estimate of 61.7%.
Net interest income/yield on earning assets - Yield/rate: 2.1% compared to the 2.1% average estimate based on five analysts.
Net charge-off / Average Loans: 0.5% compared to the 0.5% average estimate based on five analysts.
Total earning assets - Average balance: $3099.98 billion versus the five-analyst average estimate of $3061.96 billion.
Book value per share of common stock: $38.66 versus $38.98 estimated by five analysts on average.
Total nonperforming loans, leases and foreclosed properties: $5.93 billion versus the four-analyst average estimate of $6.47 billion.
Total nonperforming loans and leases: $5.83 billion versus the three-analyst average estimate of $6.55 billion.
Tier 1 Capital Ratio: 12.6% versus the three-analyst average estimate of 12.6%.
Tier 1 Leverage Ratio: 6.5% versus 6.7% estimated by two analysts on average.
Total Noninterest Income: $14.53 billion versus the five-analyst average estimate of $14.28 billion.
Net Interest Income- Fully taxable-equivalent basis: $15.91 billion versus the five-analyst average estimate of $15.67 billion.
Investment and brokerage services: $5.54 billion versus the four-analyst average estimate of $5.35 billion.
Shares of Bank of America have returned +12.8% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Bank of America (BAC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2026, Bank of America (BAC - Free Report) reported revenue of $30.27 billion, up 10.6% over the same period last year. EPS came in at $1.11, compared to $0.90 in the year-ago quarter.
The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $29.94 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +10.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bank of America performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Bank of America here>>>
Shares of Bank of America have returned +12.8% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.