Bank of America Corporation's Mixed Q2 Earnings Report

EPS of $0.89 surpassed estimates, marking a 3.49% earnings surprise. Revenue of $26.46 billion fell short of expectations, with a -0.5% revenue surprise. Notable year-over-year growth in loans and deposits, despite being the only major US bank to report a revenue miss this earnings season.

Bank of America Corporation, listed as NYSE:BAC, is a leading financial institution in the United States, providing a wide range of banking and financial services. The company competes with other major banks like JPMorgan Chase and Wells Fargo. On July 16, 2025, BAC reported its second-quarter earnings, showcasing a mixed performance in terms of revenue and earnings per share (EPS).

The bank reported an EPS of $0.89, surpassing the estimated $0.86, marking a 3.49% earnings surprise. This improvement from the previous year's $0.83 per share highlights the company's consistent ability to exceed EPS expectations, as seen in the past four quarters. Despite this, the revenue of $26.46 billion fell short of the estimated $26.79 billion, resulting in a revenue surprise of -0.5%.

Bank of America's revenue for the quarter increased by 4.3% year-over-year, reaching $26.46 billion, up from $25.38 billion in the same period last year. However, the revenue miss was primarily due to net interest income not meeting expectations, despite a 7% increase from the previous year to $14.67 billion. This shortfall made BAC the only major US bank to report a revenue miss this earnings season.

CEO Brian Moynihan emphasized the bank's solid performance, noting the 7% year-over-year increase in loans and eight consecutive quarters of deposit growth. He also highlighted the resilience of consumers and the bank's continued market momentum. Despite the revenue miss, BAC's consistent EPS outperformance and growth in key areas reflect its financial health and potential for future stock price movements.