**Q1 2026 Earnings Results & Guidance**
Key Questions
What were Bank of America's key Q1 2026 earnings results?
Bank of America reported Q1 2026 net income of $8.6 billion, up 17% YoY, with revenue of $30.3 billion, up 7% YoY and beating estimates of $29.95 billion. EPS was $1.11, the highest in nearly 20 years, beating expectations of $1.00 and up 25% YoY.
How did EPS perform in Q1 2026 compared to estimates and prior periods?
EPS came in at $1.11, surpassing Zacks estimates of $0.99-$1.00 and rising 25% YoY from $0.89. This marked the highest EPS in nearly two decades, driven by strong fees and net interest income.
What was the net interest income (NII) for Q1 2026?
NII reached $15.7 billion, up 9% YoY, supported by deposit and credit strength. Management highlighted momentum in NII post-relief, with FY guidance raised to 6-8% growth.
How did investment banking and equities trading perform in Q1 2026?
Equities revenue was $2.8 billion, up 30% YoY, while investment banking fees hit $1.8 billion, up 21% with strong momentum. These segments contributed to overall revenue beats.
What were the deposit and loan growth figures for Q1 2026?
Deposits grew 3% to $2.02 trillion, with core stable funding at $276 billion. Loans increased 9% YoY, underscoring deposit and credit strength.
What capital return plans did Bank of America announce?
The company plans $9.2-9.3 billion in returns, including $7.2 billion in buybacks and preferred stock dividends for series like E-5, GG, QQ, SS payable May/June 2026, announced April 18. Common dividend is $0.28 per share, yielding 2.1-2.3%.
What is the outlook for full-year NII and efficiency ratio?
FY NII guidance was raised to 6-8% growth, driven by the core deposit franchise. Efficiency ratio is expected at 60.9-61%, with ROTCE at 16%.
How did the stock react to the Q1 2026 earnings?
Bank of America stock rallied 17% to a two-month high following the earnings release on April 15. The results confirmed previews, with strong momentum in NII, deposits, and credit.
4/15 6:45am release/8:30am call: EPS $1.11 highest ~20yrs beat $1.00/$0.99 Zacks +25% YoY, rev $30.3B beat $29.95B +7%, NI $8.6B +17%, NII $15.7B +9%, equities $2.8B +30%, IB $1.8B +21% momentum, deposits $2.02T +3%, loans +9%, ROTCE 16%, $9.2-9.3B returns ($7.2B buybacks + preferred series E-5/GG/QQ/SS etc divs May/June ann 4/18), div $0.28 2.1-2.3%, FY NII raised 6-8%, eff 60.9-61% AI/tech workforce attrition since '07 Moynihan/Borthwick, funding $276B CSE stable, stock +17% rally to 2mo high. Official release and multiple recaps confirm previews, deposit/credit strength, NII momentum post-relief.