Bank of America reported 1Q25 net income of $7.4 billion, or $0.90 per share, up from $0.76 a year ago.

Revenue rose 6% to $27.4 billion, driven by higher net interest income of $14.4 billion and growth across all business segments. Credit loss provisions were $1.5 billion, flat quarter-over-quarter.

Average deposits reached $1.96 trillion, up 3%, and average loans grew 4% to $1.09 trillion. The CET1 capital ratio stood at 11.8%. The bank returned $6.5 billion to shareholders, including $4.5 billion in buybacks.

Book value per share rose 8% to $36.39; return on equity was 10.4%, return on tangible equity 13.9%.