Consumer Banking — Labor and Related Expense
Bank of America Consumer Banking — Labor and Related Expense increased by 12.5% to $1.59B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.1%, from $1.57B to $1.59B. Over 3 years (FY 2022 to FY 2025), Consumer Banking — Labor and Related Expense shows relatively stable performance with a -0.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising costs may indicate headcount growth or wage inflation, while declining costs could signal efficiency initiatives or automation.
Detailed definition
The total costs associated with employee compensation, including salaries, benefits, and incentives for staff within the...
Peer comparison
Standard operating expense category for all service-oriented financial institutions.
bac_segment_consumer_banking_labor_and_related_expenseHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.55B | $1.55B | $1.55B | $1.55B | $1.50B | $1.50B | $1.50B | $1.50B | $1.64B | $1.58B | $1.50B | $1.35B | $1.57B | $1.63B | $1.53B | $1.41B | $1.59B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -3.8% | +0.0% | +0.0% | +0.0% | +9.4% | -3.2% | -5.1% | -10.4% | +16.6% | +3.8% | -6.3% | -7.6% | +12.5% |
| YoY Change | — | — | — | — | -3.8% | -3.8% | -3.8% | -3.8% | +9.4% | +5.9% | +0.5% | -9.9% | -4.1% | +2.8% | +1.6% | +4.8% | +1.1% |
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Frequently Asked Questions
- What is Bank of America's consumer banking — labor and related expense?
- Bank of America (BAC) reported consumer banking — labor and related expense of $1.59B in Q1 2026.
- How has Bank of America's consumer banking — labor and related expense changed year-over-year?
- Bank of America's consumer banking — labor and related expense increased by 1.1% year-over-year, from $1.57B to $1.59B.
- What is the long-term trend for Bank of America's consumer banking — labor and related expense?
- Over 3 years (2022 to 2025), Bank of America's consumer banking — labor and related expense has grown at a -0.4% compound annual growth rate (CAGR), from $6.22B to $6.14B.
- What does consumer banking — labor and related expense mean?
- The total cost of staff salaries and benefits for the consumer banking division.