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If you love the classic combination of peanut butter and banana, this Elvis Banana Split is about to become your new favorite dessert. Made with my Homemade Peanut Butter Ice Cream, a fresh banana, warm hot fudge sauce, crispy bacon, fluffy whipped cream, and a maraschino cherry, it’s an unforgettable twist on the traditional banana split.

Elvis Banana Split topped with homemade peanut butter ice cream, whipped cream, crispy bacon, and a maraschino cherry.

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This easy dessert comes together in just minutes once your ice cream is ready, making it perfect for summer gatherings, backyard cookouts, birthday parties, or whenever you’re craving an indulgent frozen treat. Every bite is creamy, sweet, salty, and packed with the iconic flavors inspired by Elvis Presley’s legendary love of peanut butter, banana, and bacon.

Whether you’re making it for one or setting up a banana split bar for family and friends, this fun dessert is guaranteed to impress.

❤️ Why You’ll Love This Recipe

  • A fun twist on the classic banana split.
  • Inspired by the famous Elvis flavor combination.
  • Ready in just 7 minutes once the ice cream is prepared.
  • Sweet, salty, creamy, and chocolatey in every bite.
  • Perfect for summer parties, birthdays, and cookouts.
  • Easy to customize with your favorite toppings.
  • A great way to enjoy my Homemade Peanut Butter Ice Cream.

What is an Elvis Banana Split?

An Elvis Banana Split is a fun twist on the traditional banana split inspired by the famous flavor combination often associated with Elvis Presley. His legendary sandwich featured peanut butter, banana, and bacon, and those same flavors shine in this frozen dessert.

Instead of the classic trio of vanilla, chocolate, and strawberry ice cream, this version features creamy peanut butter ice cream topped with warm hot fudge sauce, crispy bacon, whipped cream, and a cherry. The result is a rich, sweet-and-salty dessert that’s perfect for peanut butter lovers.

Why it works

Peanut butter and banana are a classic pairing because their flavors naturally complement each other. Rich peanut butter balances the sweetness of ripe bananas, while warm chocolate adds even more depth. Crispy bacon finishes everything with a salty crunch that keeps the dessert from becoming overly sweet.

Key Ingredients

NOTE: This section highlights ingredients used in the recipe. Find the full printable recipe in the recipe card below.

Homemade Peanut Butter Ice Cream

The creamy peanut butter ice cream is the star of this dessert. I recommend making my Homemade Peanut Butter Ice Cream ahead of time so it’s ready whenever you’re craving this easy banana split. If you’re short on time, your favorite store-bought peanut butter ice cream also works well.

Banana

Choose a ripe banana that’s still firm enough to hold its shape when split down the middle.

Hot fudge sauce

Warm hot fudge creates the perfect contrast to the cold ice cream while adding rich chocolate flavor.

Cooked bacon

Crispy bacon adds the signature savory crunch that makes this dessert uniquely Elvis-inspired.

Sweetened whipped cream

A generous swirl of whipped cream adds a light, creamy finish.

Maraschino cherry

The classic finishing touch for any banana split.

Ingredients for making an Elvis Banana Split, including bananas, homemade peanut butter ice cream, hot fudge sauce, bacon, whipped cream, and maraschino cherries.

Ingredients & Substitutions

NOTE: This section suggests substitutions. Find the full printable recipe in the recipe card below.

Homemade Peanut Butter Ice Cream

  • My Homemade Peanut Butter Ice Cream gives this dessert its signature rich, creamy flavor.
  • Your favorite store-bought peanut butter ice cream is a great shortcut.
  • Vanilla or chocolate ice cream can be substituted for a different twist.

Banana

  • Use a ripe banana that’s still firm enough to hold its shape.
  • Avoid overly ripe bananas that become mushy.

Hot fudge sauce

  • Adds rich chocolate flavor and pairs beautifully with peanut butter.
  • Chocolate syrup may be substituted, although it won’t be as thick or rich.
  • Caramel sauce is another delicious option.

Cooked bacon

  • Crispy bacon creates the classic sweet-and-salty Elvis flavor.
  • Omit it if you prefer.

Sweetened whipped cream

  • Homemade whipped cream gives the freshest flavor.
  • Store-bought whipped topping works well for convenience.

Maraschino cherry

  • The traditional finishing touch for a banana split.
  • Fresh cherries can be substituted when they’re in season.

Variations

  • Use store-bought peanut butter ice cream – Don’t have time to make homemade ice cream? Your favorite premium peanut butter ice cream is an easy substitute.
  • Add chopped peanuts – Sprinkle roasted peanuts over the hot fudge for extra crunch.
  • Drizzle with peanut butter – Warm a little creamy peanut butter and drizzle it over the whipped cream for even more peanut butter flavor.
  • Swap the chocolate – Try caramel sauce instead of hot fudge for another delicious variation.
  • Add extra chocolate – Top with mini chocolate chips, chocolate curls, or chocolate sprinkles.
  • Make a banana split bar – Set out bowls of toppings and let everyone build their own Elvis-inspired creation.
Close-up of an Elvis Banana Split topped with homemade peanut butter ice cream, hot fudge sauce, crispy bacon, whipped cream, and a maraschino cherry.

Tips for Best Results

  • Make the peanut butter ice cream a day or two ahead of time.
  • Use bananas that are ripe but still firm.
  • Warm the hot fudge slightly before serving so it pours easily.
  • Cook the bacon until crisp for the best texture.
  • Assemble the banana split just before serving to prevent melting.
  • Chill the serving dish for a few minutes on hot days before assembling.
  • Have all of your toppings ready before scooping the ice cream.

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FAQs

Can I use store-bought peanut butter ice cream?

Yes! While I highly recommend making my Homemade Peanut Butter Ice Cream for the best flavor, your favorite store-bought peanut butter ice cream works just fine.

Can I make this banana split ahead of time?

It’s best to assemble the banana split right before serving. You can make the ice cream, cook the bacon, and prepare the toppings ahead of time.

What kind of bacon should I use?

Regular-cut bacon cooked until crispy gives the best texture, but thick-cut bacon works well too if it’s cooked until crisp.

Can I use a different flavor of ice cream?

Absolutely. Chocolate or vanilla ice cream are both delicious alternatives, although peanut butter ice cream creates the signature Elvis flavor combination.

Can I leave off the bacon?

Of course! The banana split will still be delicious with just peanut butter ice cream, banana, hot fudge, whipped cream, and a cherry.

Is this recipe gluten-free?

It can be, depending on the brands of ice cream, hot fudge sauce, and other toppings you use. Always check labels if you need the dessert to be gluten-free.

Can I make this for a party?

Yes! This recipe is perfect for an ice cream sundae bar. Set out the prepared peanut butter ice cream along with all of the toppings so guests can build their own Elvis Banana Split.

Can I add more toppings?

Definitely. Chopped peanuts, chocolate sprinkles, caramel sauce, or a drizzle of melted peanut butter all make delicious additions to this dessert.

Storage

This dessert is best enjoyed immediately after it’s assembled.

Store leftover peanut butter ice cream in the freezer according to the ice cream recipe instructions. Keep any leftover bacon refrigerated in an airtight container, and refrigerate any remaining hot fudge sauce according to the package or recipe directions.

Quick Steps

NOTE: This section includes a step-by-step guide. Find the full printable recipe in the recipe card below.

  1. Prepare my Homemade Peanut Butter Ice Cream ahead of time and freeze until firm.
  2. Split the banana in half lengthwise and place the halves in a banana split dish.
  3. Add three scoops of peanut butter ice cream between the banana halves.
  4. Drizzle with warm hot fudge sauce.
  5. Sprinkle with the crumbled bacon.
  6. Top with sweetened whipped cream.
  7. Garnish with a maraschino cherry.
  8. Serve immediately.

Make Ahead

This recipe is perfect for preparing in advance.

Make my Homemade Peanut Butter Ice Cream several days before serving and keep it in the freezer until you’re ready to assemble your banana split.

You can also cook and crumble the bacon ahead of time and store it in the refrigerator. Warm the hot fudge just before serving, then assemble everything in only a few minutes.

What to serve with Elvis Banana Split

This decadent dessert is the perfect ending to all your favorite summer meals. Serve it after:

It’s also a fun addition to birthday parties, Father’s Day celebrations, family movie nights, and ice cream socials.

If You Enjoyed Elvis Banana Split with Homemade Peanut Butter Ice Cream

If you’re a fan of nostalgic desserts, don’t miss my No-Bake Banana Split Dessert. It has all the classic banana split flavors you love in an easy, make-ahead dessert that’s perfect for potlucks, holidays, and summer gatherings.

For another fun banana-inspired treat, try my Banana Split Pancakes. They’re loaded with banana split flavors in breakfast form, making them a fun weekend brunch recipe the whole family will enjoy.

If homemade frozen treats are your thing, you’ll definitely want to make my Lemon Funfetti Ice Cream. It’s creamy, colorful, and another easy homemade ice cream recipe that’s perfect for warm weather.

Chocolate and peanut butter are always a winning combination, which makes my Peanut Butter Fudge Brownies another must-try dessert. Rich brownies and creamy peanut butter come together for an indulgent dessert that’s perfect for any occasion.

Looking for another easy frozen dessert? My 3 Ingredient Kool-Aid Ice Cream is simple to make, full of fruity flavor, and a fun way to cool off on hot summer days.

If you’re serving desserts for a crowd, my Banana Pudding Parfait is another great option. It’s layered with creamy pudding, bananas, and cookies for an easy make-ahead dessert everyone loves.

Elvis Banana Split made with homemade peanut butter ice cream, sliced banana, hot fudge sauce, crispy bacon, whipped cream, and a maraschino cherry.

📌 Save This Recipe

This Elvis Banana Split is one you’ll want to make all summer long. Save it to your favorite Pinterest dessert board so it’s easy to find whenever you’re craving a frozen treat. Since the peanut butter ice cream can be made ahead of time, you’ll always be just minutes away from an impressive homemade dessert.

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Square image of an Elvis Banana Split with peanut butter ice cream, banana, hot fudge, bacon, whipped cream, and a cherry.
5 from 1 vote
Servings: 1 serving

Elvis Banana Split with Homemade Peanut Butter Ice Cream

By Jamie Sherman
Inspired by the famous Elvis flavor combination, this easy banana split features my Homemade Peanut Butter Ice Cream, fresh banana, warm hot fudge sauce, crispy bacon, whipped cream, and a maraschino cherry. It's a fun frozen dessert that's ready in just minutes.
Prep: 7 minutes
Total: 7 minutes

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Equipment

  • banana split dish or shallow dessert bowl
  • spoon
  • small microwave-safe bowl or saucepan (optional, for warming the hot fudge sauce)

Ingredients 

Instructions 

  • Prepare my Homemade Peanut Butter Ice Cream according to the recipe directions and freeze until firm. Skip this step if your ice cream is already prepared.
    3 scoops Homemade Peanut Butter Ice Cream
  • Split the banana in half lengthwise and place each half in a banana split dish.
    1 large banana
  • Place three scoops of peanut butter ice cream between the banana halves.
  • Drizzle the hot fudge sauce over the ice cream.
    3 tablespoons hot fudge sauce
  • Sprinkle with the crumbled bacon.
    2 slices cooked bacon
  • Top with sweetened whipped cream.
    Homemade Sweetened Whipped Cream
  • Garnish with a maraschino cherry.
    1 maraschino cherry
  • Serve immediately.

Notes

🥡 Storage

  • This dessert is best enjoyed immediately after assembling.
  • Store leftover peanut butter ice cream in the freezer according to its recipe instructions.
  • Refrigerate leftover cooked bacon in an airtight container for up to 4 days.
  • Store leftover hot fudge sauce according to the package or recipe directions.

♨️ Reheating

  • Warm the hot fudge sauce before serving if needed.
  • The assembled banana split should not be reheated.

❄️ Freezing

  • Do not freeze the assembled banana split.
  • Freeze the peanut butter ice cream according to its recipe instructions until you’re ready to assemble another dessert.

💡 Tips for Best Results

  • Make the peanut butter ice cream ahead of time so assembling the dessert only takes a few minutes.
  • Use firm bananas for the best presentation.
  • Slightly warm the hot fudge sauce so it drizzles easily.
  • Cook the bacon until crisp to add plenty of crunch.
  • Chill the serving dish for a few minutes on hot summer days before assembling.
  • Assemble immediately before serving to keep the ice cream from melting.

🍳 Alternate Cooking Methods

  • No alternate cooking methods are recommended for this recipe.

♻️ Leftovers

  • If you have leftover toppings, use them to make another banana split, spoon them over brownies, waffles, pancakes, or enjoy them with another scoop of peanut butter ice cream.

📝 Notes

  • Homemade Peanut Butter Ice Cream delivers the best flavor, but store-bought peanut butter ice cream works well when you’re short on time.
  • Warm hot fudge creates the perfect contrast against the frozen ice cream.
  • This recipe is easy to double or triple when serving a crowd.

Nutrition

Calories: 814kcal, Carbohydrates: 116g, Protein: 16g, Fat: 33g, Saturated Fat: 18g, Polyunsaturated Fat: 2g, Monounsaturated Fat: 11g, Trans Fat: 0.02g, Cholesterol: 104mg, Sodium: 626mg, Potassium: 1124mg, Fiber: 7g, Sugar: 80g, Vitamin A: 930IU, Vitamin C: 13mg, Calcium: 293mg, Iron: 1mg

Nutrition information is automatically calculated, so should only be used as an approximation.

Like this? Leave a comment below!

🍽️ Other Recipes You May Enjoy

If you enjoyed this recipe, here are a few more reader-favorite recipes from Love Bakes Good Cakes you may want to try next.

Jamie

Jamie Sherman founded Love Bakes Good Cakes in February 2012. She is a self-taught home cook passionate about sharing easy, delicious, and family-friendly recipes. From comforting classics to irresistible desserts, I believe homemade food brings people together. Join me on my journey of creating and sharing meals that bring joy to every table!

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7 Comments

  1. Michelle Meche says:

    Fun banana split, Jamie! I'm still drooling over PB ice cream.

  2. Judith Hannemann says:

    I gained 50 lbs looking at this 🙂 Thanks for posting at #TheWeekendSocial!

  3. Miz Helen says:

    My husband and I just have to have our Banana Split every once in a while, this looks so good! Thanks so much for sharing with Full Plate Thursday and have a great weekend!Come Back Soon!Miz Helen

  4. www.boyeatsworld.com.au says:

    Wow! I love it! This is pure genius

  5. Cathy Trochelman says:

    Girl…..you have OUTDONE yourself!! This looks absolutely amazing! And with homemade peanut butter ice cream, too? Seriously can not wait to try it!!!

  6. Lizzy T says:

    Mmmm….bacon on ice cream? I'll take it!

  7. cooking with curls says:

    Wow, now that is an awesome banana split Jamie! I never would have thought to put bacon and ice cream together, but I think you have convinced me to give it a try. 😉