Bank of America Corporation (BAC) Earnings Call Transcripts

Bank of America Corporation's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Bank of America (BAC) reported a robust performance with revenue reaching $31.6 billion, a 15% increase year-over-year, and net income of $9.1 billion, up 27%. Earnings per share (EPS) surged 34% to $1.21. Management raised guidance for net interest income (NII) growth to the upper end of the 6% to 8% range, reflecting strong loan and deposit growth. The results indicate continued operational efficiency and broad-based growth across all business segments, which could positively influence the stock.

Reported metrics

Guidance from management

Management expects full-year NII growth to be at the upper end of the 6% to 8% range, supported by anticipated loan and deposit growth.

What management said

Just note, there's no constraint on the growth of loans or the core deposits, et cetera. So that's all can grow because it's all going to good returns and things like that. It's really a question of sort of the centralized security portfolios, the term debt, the repo, as Alastair said, a lot of the buildup that came because of the rules getting flipped around is now we're through that and on the other side.

Yes. So Ben, also welcome to coverage. Thanks for joining. Yes, the updated guide essentially assumes the following: first, modest deposit growth similar to what we've been seeing. Second, good continued loan growth in the second half of the year, similar to what we've been seeing. So we haven't really changed our perspectives on either of those. We'll get the benefit from some fixed rate asset repricing. We got a li...

What analysts pressed on

Analysts expressed concerns about the sustainability of operating leverage in the second half due to tougher year-over-year comparisons. There were also questions regarding potential impacts of changing interest rates on NII guidance.

Main topics on the call

• Strong Revenue Growth — Bank of America achieved a revenue increase of 15% year-over-year, totaling $31.6 billion. CEO Brian Moynihan stated, "Our revenue grew 15% year-over-year to $31.6 billion," highlighting broad-based contributions from ne...
• Increased Net Income and EPS — Net income rose to $9.1 billion, a 27% increase from the previous year, while EPS increased 34% to $1.21. This performance underscores the bank's effective cost management and revenue generation strategies.
• Guidance for NII Growth — Management raised the full-year NII growth guidance to the upper end of the 6% to 8% range, supported by expected loan and deposit growth. Alastair Borthwick noted, "We now expect full year 2026 NII growth to be at the u...
• Operating Leverage Improvement — The bank delivered 6.6% operating leverage with an improved efficiency ratio of 59%. Management indicated that operating leverage for the first half exceeded expectations, stating, "We generated 660 basis points of opera...

Read the full Bank of America Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 87 Bank of America Corporation earnings call transcripts on record, spanning January 15, 2020 to July 14, 2026. Based on this history, Bank of America Corporation reports quarterly. The most recent call on file is dated July 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BAC

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

87

First call

January 15, 2020

Most recent

July 14, 2026

Reporting cadence

quarterly