Bank of America Corporation (BAC) Balance Sheet
BAC balance sheet, 2025
December 31, 2025 · U.S. dollars$3.41T assets = $3.11T liabilities + $303.24B equity
Both columns are drawn to the same scale: what BAC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BAC financial health
Descriptive bands, not a rating. Fiscal 2025.
BAC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.19T2016 | $3.41T2025 | +5.1%/yr | |
| Total liabilities | $1.92T2016 | $3.11T2025 | +5.5%/yr | |
| Shareholders’ equity | $266.84B2016 | $303.24B2025 | +1.4%/yr | |
| Cash & short-term investments | $451.54B2016 | $963.73B2025 | +8.8%/yr | |
| Total debt | $343.28B2016 | $365.90B2025 | +0.7%/yr | |
| Net cash (debt) | $108.26B2016 | $597.83B2025 | +$489.6B | |
| Working capital | $497.94B2016 | −$1.49T2025 | −$2.0T | |
| Book value per share | $24.162016 | $40.182025 | +5.8%/yr | |
| Debt / equity | 1.292016 | 1.212025 | −0.08 | |
| Shares outstanding | 11.05B2016 | 7.55B2025 | −4.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BAC assets
BAC liabilities and equity
BAC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BAC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $963.73B | $642.92B | $608.07B | $458.25B | $654.54B | $621.50B | $414.31B | $414.26B | $471.22B | $451.54B |
| Cash & equivalents | $231.84B | $296.49B | $341.42B | $237.46B | $355.37B | $387.01B | $168.67B | $184.90B | $168.59B | $157.60B |
| Short-term investments | $731.89B | $346.43B | $266.65B | $220.79B | $299.18B | $234.49B | $245.64B | $229.37B | $315.12B | $313.66B |
| Receivables | $103.35B | $97.92B | $96.70B | $67.43B | $72.72B | $64.22B | $55.94B | $88.19B | $83.58B | $81.00B |
| Inventory | $0 | $0 | −$68.81B | $170.0M | $130.0M | $164.0M | $285.0M | −$726.43B | −$652.55B | −$605.84B |
| Other current assets | $0 | $0 | $68.81B | $13.42B | $14.63B | $16.77B | $19.44B | $726.43B | $652.55B | $605.84B |
| Total current assets | $1.07T | $740.84B | $704.76B | $539.27B | $742.02B | $702.66B | $489.96B | $502.46B | $554.80B | $532.53B |
| Property, plant & equipment (net) | $12.52B | $12.17B | $11.86B | $11.51B | $10.83B | $11.00B | $10.56B | $9.91B | $9.25B | $9.14B |
| Goodwill & intangible assets | $70.82B | $71.02B | $69.42B | $71.12B | $71.22B | $70.55B | $70.65B | $70.75B | $71.25B | $74.64B |
| Long-term investments | $1.11T | $1.06T | $1.02T | $1.16T | $1.23T | $883.70B | $702.02B | $1.41T | $1.18T | $1.13T |
| Other non-current assets | $1.15T | $1.38T | $1.38T | $1.27T | $1.12T | $1.15T | $1.16T | $362.01B | $460.99B | $444.16B |
| Total assets | $3.41T | $3.26T | $3.18T | $3.05T | $3.17T | $2.82T | $2.43T | $2.35T | $2.28T | $2.19T |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $224.07B | $2.06T | $181.80B | $182.80B | $165.08B | $152.12B | $146.36B |
| Short-term debt | $48.09B | $375.15B | $315.99B | $26.93B | $23.75B | $19.32B | $24.20B | $20.19B | $32.67B | $23.94B |
| Total current liabilities | $2.56T | $2.43T | $2.34T | $26.93B | $23.75B | $19.32B | $24.20B | $20.19B | $42.54B | $34.59B |
| Long-term debt | $317.82B | $257.55B | $275.39B | $275.98B | $280.12B | $379.78B | $362.36B | $335.45B | $342.89B | $319.33B |
| Other long-term liabilities | $229.73B | $275.25B | $277.77B | $2.22T | $0 | $0 | $0 | $0 | $1.63T | $1.57T |
| Total liabilities | $3.11T | $2.97T | $2.89T | $2.78T | $2.90T | $2.55T | $2.17T | $2.09T | $2.01T | $1.92T |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $26.08B | $45.34B | $56.37B | $58.95B | $62.40B | $85.98B | $91.72B | $118.90B | $138.09B | $147.04B |
| Retained earnings (deficit) | $261.69B | $242.35B | $224.67B | $207.00B | $188.06B | $164.09B | $156.32B | $136.31B | $113.82B | $101.87B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$10.53B | −$15.29B | −$17.79B | −$21.16B | −$5.10B | −$1.66B | −$6.63B | −$12.21B | −$7.08B | −$7.29B |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $303.24B | $295.56B | $291.65B | $273.20B | $270.07B | $272.92B | $264.81B | $265.32B | $267.15B | $266.84B |
| Key figures | ||||||||||
| Total debt | $365.90B | $658.43B | $618.19B | $302.91B | $303.87B | $399.10B | $386.56B | $355.64B | $375.56B | $343.28B |
| Net cash (debt) | $597.83B | −$15.51B | −$10.12B | $155.34B | $350.67B | $222.40B | $27.75B | $58.62B | $95.66B | $108.26B |
| Working capital | −$1.49T | −$1.69T | −$1.63T | $512.34B | $718.26B | $683.34B | $465.76B | $482.27B | $512.26B | $497.94B |
| Tangible book value | $232.42B | $224.54B | $222.22B | $202.07B | $198.84B | $202.37B | $194.16B | $194.57B | $195.89B | $192.20B |
| Book value per share | $40.18 | $37.68 | $36.09 | $33.45 | $31.56 | $31.02 | $28.04 | $25.92 | $24.79 | $24.16 |
| Shares outstanding | 7.55B | 7.84B | 8.08B | 8.17B | 8.56B | 8.80B | 9.44B | 10.24B | 10.78B | 11.05B |
| Current ratio | 0.42 | 0.30 | 0.30 | 20.02 | 31.24 | 36.37 | 20.24 | 24.89 | 13.04 | 15.40 |
| Quick ratio | 0.42 | 0.30 | 0.30 | 19.52 | 30.62 | 35.49 | 19.43 | 24.89 | 13.04 | 15.40 |
| Debt / equity | 1.21 | 2.23 | 2.12 | 1.11 | 1.13 | 1.46 | 1.46 | 1.34 | 1.41 | 1.29 |
| Equity / assets | 8.9% | 9.1% | 9.2% | 9.0% | 8.5% | 9.7% | 10.9% | 11.3% | 11.7% | 12.2% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $26.91B | $28.62B | $249.87B | $963.73B | $957.70B | $653.42B | $657.11B | $642.92B | $619.46B | $620.30B | $634.34B | $608.07B |
| Cash & equivalents | $26.91B | $28.62B | $242.48B | $231.84B | $246.51B | $275.39B | $280.86B | $296.49B | $303.74B | $329.00B | $321.26B | $341.42B |
| Short-term investments | — | — | $7.39B | $731.89B | $711.19B | $378.03B | $376.25B | $346.43B | $315.72B | $291.30B | $313.07B | $266.65B |
| Receivables | $0 | $4.20B | $96.08B | $103.35B | $116.10B | $109.67B | $95.99B | $97.92B | $106.22B | $95.81B | $100.85B | $96.70B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$411.05B | −$414.25B | −$68.81B |
| Other current assets | $0 | $0 | $1.19T | $0 | $0 | $0 | $0 | $0 | $0 | $411.05B | $414.25B | $68.81B |
| Total current assets | $26.91B | $28.62B | $1.54T | $1.07T | $1.06T | $763.10B | $753.10B | $740.84B | $725.68B | $716.11B | $735.19B | $704.76B |
| Property, plant & equipment (net) | $13.91B | $12.79B | $12.54B | $12.52B | $12.35B | $12.25B | $12.15B | $12.17B | $12.03B | $11.92B | $11.90B | $11.86B |
| Goodwill & intangible assets | $69.02B | $69.02B | $69.02B | $70.82B | $70.92B | $70.92B | $70.92B | $71.02B | $70.92B | $71.02B | $69.02B | $69.02B |
| Long-term investments | $0 | $0 | $1.08T | $1.11T | $1.10T | $1.11T | $1.11T | $1.06T | $1.05T | $1.03T | $1.07T | $1.02T |
| Other non-current assets | $3.32T | $3.39T | $796.18B | $1.15T | $1.17T | $1.49T | $1.41T | $1.38T | $1.46T | $1.43T | $1.38T | $1.38T |
| Total assets | $3.43T | $3.50T | $3.50T | $3.41T | $3.40T | $3.44T | $3.35T | $3.26T | $3.32T | $3.26T | $3.27T | $3.18T |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | $105.47B | — | $1.93T | $1.91T | $1.95T | — |
| Short-term debt | $62.23B | $392.20B | $57.63B | $48.09B | $396.29B | $447.35B | $417.54B | $375.15B | $436.40B | $408.54B | $368.55B | $315.99B |
| Total current liabilities | $62.23B | $392.20B | $2.87T | $2.56T | $2.56T | $2.57T | $2.51T | $2.43T | $2.47T | $2.42T | $2.43T | $2.34T |
| Long-term debt | $0 | $0 | $300.76B | $317.82B | $305.19B | $313.42B | $285.69B | $257.55B | $296.93B | $290.47B | $296.35B | $302.20B |
| Other long-term liabilities | $3.07T | $2.81T | $25.21B | $229.73B | $237.90B | $261.74B | $255.58B | $275.25B | $265.79B | $254.26B | $254.53B | $250.96B |
| Total liabilities | $3.13T | $3.20T | $3.20T | $3.11T | $3.10T | $3.14T | $3.05T | $2.97T | $3.03T | $2.96T | $2.98T | $2.89T |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8.21B | $13.61B | $18.89B | $26.08B | $31.76B | $36.43B | $41.04B | $45.34B | $48.34B | $51.38B | $54.31B | $56.37B |
| Retained earnings (deficit) | $278.81B | $274.52B | $267.76B | $261.69B | $258.14B | $252.18B | $247.31B | $242.35B | $237.95B | $233.60B | $228.90B | $224.67B |
| Accumulated other comprehensive income | −$15.27B | −$12.03B | −$10.98B | −$10.53B | −$11.74B | −$12.50B | −$13.27B | −$15.29B | −$14.33B | −$17.63B | −$18.06B | −$17.79B |
| Total shareholders' equity | $296.75B | $301.09B | $300.67B | $303.24B | $304.15B | $299.60B | $295.58B | $295.56B | $296.51B | $293.89B | $293.55B | $291.65B |
| Key figures | ||||||||||||
| Total debt | $380.92B | $732.06B | $383.59B | $365.90B | $707.77B | $760.77B | $721.69B | $658.43B | $733.33B | $699.01B | $664.90B | $618.19B |
| Net cash (debt) | −$354.01B | −$703.44B | −$133.73B | $597.83B | $249.93B | −$107.35B | −$64.58B | −$15.51B | −$113.87B | −$78.71B | −$30.56B | −$10.12B |
| Working capital | −$35.32B | −$363.58B | −$1.33T | −$1.49T | −$1.50T | −$1.80T | −$1.76T | −$1.69T | −$1.74T | −$1.70T | −$1.69T | −$1.63T |
| Tangible book value | $227.73B | $232.07B | $231.65B | $232.42B | $233.23B | $228.68B | $224.66B | $224.54B | $225.59B | $222.87B | $224.53B | $222.62B |
| Book value per share | $40.58 | $41.28 | $40.53 | $40.18 | $39.88 | $39.16 | $38.04 | $37.68 | $37.52 | $36.92 | $36.55 | $36.17 |
| Shares outstanding | 7.31B | 7.29B | 7.42B | 7.55B | 7.63B | 7.65B | 7.77B | 7.84B | 7.90B | 7.96B | 8.03B | 8.06B |
| Current ratio | 0.43 | 0.07 | 0.54 | 0.42 | 0.41 | 0.30 | 0.30 | 0.30 | 0.29 | 0.30 | 0.30 | 0.30 |
| Quick ratio | 0.43 | 0.08 | 0.12 | 0.42 | 0.42 | 0.30 | 0.30 | 0.30 | 0.29 | 0.30 | 0.30 | 0.30 |
| Debt / equity | 1.28 | 2.43 | 1.28 | 1.21 | 2.33 | 2.54 | 2.44 | 2.23 | 2.47 | 2.38 | 2.27 | 2.12 |
| Equity / assets | 8.7% | 8.6% | 8.6% | 8.9% | 8.9% | 8.7% | 8.8% | 9.1% | 8.9% | 9.0% | 9.0% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
BAC financial position
At the end of fiscal 2025 (December 31, 2025), Bank of America had total assets of $3.41 trillion (up 4.6% from a year earlier), total liabilities of $3.11 trillion and shareholders' equity of $303.2 billion. It held $963.7 billion in cash and short-term investments against $365.9 billion of debt, a net cash position of $597.8 billion. Its current ratio was 0.42. In the latest quarter (ended September 30, 2026) total assets were $3.43 trillion and equity $296.7 billion.
Related: BAC income statement, BAC cash flow statement, BAC key metrics. See the BAC stock overview for the latest quote and news.
BAC balance sheet FAQ
What are Bank of America's total assets?
Bank of America reported total assets of $3.41 trillion at the end of fiscal 2025 (December 31, 2025), compared with $3.26 trillion a year earlier.
How much debt does Bank of America have?
Bank of America had $365.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.21.
How much cash does Bank of America have?
Bank of America held $963.7 billion in cash and short-term investments at the end of fiscal 2025; with $365.9 billion of debt that is net cash of $597.8 billion.
What is Bank of America's book value?
Bank of America's shareholders' equity (book value) was $303.2 billion at the end of fiscal 2025, or $40.18 per share.
What is Bank of America's current ratio?
Bank of America had current assets of $1.07 trillion and current liabilities of $2.56 trillion, a current ratio of 0.42 (current liabilities exceed current assets).
How much goodwill does Bank of America have?
Bank of America carried $70.8 billion of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2025.