摩根大通JPMorgan Chase & Co（JPM）2025年第四季度及全年财务业绩报告「NYSE」（英文版）（21页）.pdf

1、January 13,20264Q25 Financial ResultsAgendaPage14Q25 and FY25 Financial Results12Financial Outlook103Notes134Q25 Financial highlightsROTCE118%CET1 capital ratios2Std.14.5%|Adv.14.1%Total Loss-Absorbing Capacity2$564BStd.RWA3$2.0TCash and marketable securities4$1.5TAverage loans$1.5TBalance sheetLoan

2、s:average loans of$1.5T up 9%YoY and 3%QoQDeposits:average deposits of$2.6T up 6%YoY and 2%QoQCET1 capital of$288B2 Standardized CET1 capital ratio of 14.5%2;Advanced CET1 capital ratio of 14.1%2Capital distributedCommon dividend of$4.1B or$1.50 per share$7.9B of common stock net repurchases7Net pay

3、out LTM of 82%7,8Income statement4Q25 net income of$13.0B and EPS of$4.63 Excluding a significant item5,4Q25 net income of$14.7B,EPS of$5.23 and ROTCE of 20%Managed revenue of$46.8B6Expense of$24.0B and managed overhead ratio of 51%6SIGNIFICANT ITEM($MM,EXCLUDING EPS)1See note 3 on slide 13 2Represe

4、nts the estimated Basel III common equity Tier 1(“CET1”)capital and ratio and Total Loss-Absorbing Capacity for the current period.See note 1 on slide 143Standardized risk-weighted assets(“RWA”).Estimated for the current period.See note 1 on slide 144Cash and marketable securities represent HQLA and

5、 unencumbered marketable securities.Estimated for the current period.See note 2 on slide 145See note 5 on slide 136See note 1 on slide 137Includes the net impact of employee issuances.Excludes excise tax and commissions8Last twelve months(“LTM”)Pretax Net incomeEPSCredit reserve established for the

6、forward purchase commitment of the Apple credit card portfolio($2,200)($1,665)($0.60)14Q25 Financial results1Note:Totals may not sum due to rounding1See note 1 on slide 132 Actual numbers for all periods,not over/(under)3See note 3 on slide 134Reflects fully taxable-equivalent(“FTE”)adjustments of$9