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Bank of America BAC Hedged asset, portfolio layer

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Other financials

Income statement

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Revenue$31.6B+19.3%
Net income$9.1B+27.5%
EPS (diluted)$1.21+36.0%

Balance sheet

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Cash & equivalents$229.75B-13.6%
Total debt$339.86B+5.4%
Total equity$301.09B+0.5%
Total assets$3.50T+1.7%

Cash flow

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Operating cash flow$41.8B+2,013%

Valuation

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Market cap$440.54B+30.9%
Enterprise value$550.66B+40.2%
P/E13.1×+1.0×
P/S3.6×+0.6×

Profitability

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Net margin27.8%+2.3pp

Returns & leverage

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Return on equity11.2%+1.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Bank of America in its filing.

Tagged under the XBRL concept bac:HedgedAssetFairValueHedgePortfolioLayerAmount.

The source filing: Bank of America’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:39 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000070858-26-000249

(2) These amounts include the amortized cost of the financial assets in closed portfolios used to designate hedging relationships in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship (i.e. portfolio layer hedging relationship). At March 31, 2026 and December 31, 2025, the amortized cost of the closed portfolios used in these hedging relationships was $46.1 billion and $35.8 billion, of which $26.6 billion and $23.7 billion were designated in a portfolio layer hedging relationship. At March 31, 2026 and December 31, 2025, the cumulative adjustment associated with these hedging relationships was a decrease of $193 million and $46 million.

Item 1. Financial Statements

FAQ

What is Bank of America's hedged asset, portfolio layer?
Bank of America (BAC) reported hedged asset, portfolio layer of $26.6B in Q1 2026.
How has Bank of America's hedged asset, portfolio layer changed year-over-year?
Bank of America's hedged asset, portfolio layer increased by 1.1% year-over-year, from $26.3B to $26.6B.
What is the long-term trend for Bank of America's hedged asset, portfolio layer?
Over 3 years (2022 to 2025), Bank of America's hedged asset, portfolio layer has grown at a 37.1% compound annual growth rate (CAGR), from $9.2B to $23.7B.
What does hedged asset, portfolio layer mean?
This represents the portion of a portfolio of financial assets designated as the hedged item in a fair value hedge. It specifically identifies the layer of the portfolio subject to hedging, allowing the bank to manage interest rate risk on a collective basis rather than on an individual asset basis. This is a standard measure for evaluating the effectiveness and scope of portfolio-level hedging strategies.

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