BofA CFO Alastair Borthwick speaks on second-quarter media call

BofA CFO Alastair Borthwick speaks on second-quarter media call

CHARLOTTE, N.C., July 16, 2025 /PRNewswire/ -- Bank of America reported its second quarter 2025 financial results today. The news release, supplemental filing, and investor presentation can be accessed at Bank of America's Investor Relations website [1].

Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick discussed the financial results during an investor conference call at 8 a.m. ET today. Key points from the call included:

1. Net Interest Income: Net interest income grew for the fourth consecutive quarter, reflecting eight consecutive quarters of deposit growth and seven percent year-over-year loan growth. The net interest income for the second quarter was $14.8 billion, a slight increase from the prior quarter's $14.6 billion and a year-over-year increase from $13.9 billion [3].

2. Noninterest Income: Noninterest income was $11.8 billion, matching the Visible Alpha consensus. This figure dropped from the prior quarter's $12.9 billion but increased from $11.7 billion a year ago [3].

3. Credit Quality: The provision for credit losses rose to $1.59 billion from $1.48 billion in the previous quarter and $1.51 billion in last year’s Q2. Net charge-offs remained flat, and nonperforming loans declined, indicating strong credit quality [3].

4. Earnings: Earnings came in just slightly above estimates, driven by mid-single digit growth in net interest income. The earnings per share (EPS) for the second quarter was $0.89, beating the average analyst estimate of $0.86 [3].

5. Revenue: Total revenue for the second quarter was $26.46 billion, missing the Wall Street consensus by $270 million. This revenue included a 4% year-over-year increase in combined credit/debit card spending to $244 billion [3].

6. Global Wealth and Investment Management: Revenue from this segment decreased to $5.94 billion from $6.02 billion in the prior quarter but increased from $5.57 billion a year ago [3].

7. Global Banking: Revenue from this segment was $5.69 billion, down from $5.98 billion in the prior quarter but up from $6.05 billion a year ago [3].

8. Global Markets: Revenue from this segment was $6.03 billion, a decrease from $6.57 billion in the prior quarter but an increase from $5.46 billion in the previous year [3].

Investors can access replays of the investor conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on July 16 through 11:59 p.m. ET on July 25 [1].

References:
[1] https://www.marketscreener.com/quote/stock/BANK-OF-AMERICA-CORPORATI-11751/news/Bank-of-America-Reports-Second-Quarter-2025-Financial-Results-50523147/
[2] https://www.prnewswire.co.uk/news-releases/bank-of-america-reports-second-quarter-2025-financial-results-302506685.html
[3] https://seekingalpha.com/news/4467781-bank-of-america-q2-earnings-beat-guidance-confirmed