Key Takeaways
- Net income fell to $6.9 billion from $8.3 billion a year earlier, partly due to a $1.2 billion regulatory settlement charge.
- Revenue rose 3% year over year to $30 billion, supported by stronger net interest income and asset management fees.
- Net interest income increased 8% to $16.4 billion, driven by higher loan and deposit balances and the repricing of fixed-rate assets.
- Global Wealth and Investment Management revenue increased by 13% to $7.1 billion.
- Average loans and leases increased 6% to $1.23 trillion, marking the tenth consecutive quarter of sequential growth.
On October 14, 2026, Bank of America announced Q3 2026 results. The company reported net income of $6.9 billion for the third quarter of 2026, down from $8.3 billion in the same quarter last year. Diluted earnings per share (EPS) decreased to $0.91 from $1.04 a year earlier. However, a $1.2 billion regulatory settlement charge reduced EPS by $0.17.
Excluding this one-time charge, the bank reported adjusted net income of $8.1 billion and adjusted EPS of $1.08.
Revenue increased 3% year over year to $30 billion, supported by higher net interest income and asset management fees. Net interest income rose 8% to $16.4 billion.
Loans and Net Interest Income ($B)
Source: Press release
Bank of America Q3 2026 Financial Performance
The bank recorded higher revenue but lower reported earnings compared with the third quarter of 2025. The regulatory settlement charge was a major factor behind the decline in net income.
| Financial metric | Q3 2026 | Q3 2025 | Year-over-year change |
| Revenue | $30.0 billion | $29.0 billion | +3% |
| Net income | $6.9 billion | $8.3 billion | -17% |
| Diluted EPS | $0.91 | $1.04 | -12.5% |
| Adjusted net income | $8.1 billion | NA | NA |
| Adjusted EPS | $1.08 | NA | NA |
| Net interest income | $16.4 billion | NA | +8% |
| Provision for credit losses | $1.3 billion | $1.3 billion | -2% |
| Noninterest expenses | $19.7 billion | $17.3 billion | +14% |
Note: Adjusted figures exclude the regulatory settlement charge. The bank’s adjusted figures are non-GAAP financial measures.
Bank of America Business Segment Performance
| Business segment | Net income | Revenue | Key performance highlights |
| Consumer Banking | $3.5 billion | $11.6 billion | Revenue rose 4%; combined credit and debit card spending increased 8%. |
| Global Wealth and Investment Management | $1.5 billion | $7.1 billion | Revenue grew 13%; client balances reached $5.1 trillion. |
| Global Banking | $2.0 billion | $6.2 billion | Average loans grew 8%, while investment banking fees declined 11%. |
| Global Markets | $1.2 billion | $5.9 billion | Revenue fell 6%; equities revenue increased, but fixed-income trading weakened. |
Credit Quality Continued to Improve
Bank of America’s credit quality remained broadly stable, with some measures showing improvement compared with the previous year and the prior quarter.
The provision for credit losses was $1.3 billion, broadly unchanged year over year but lower than the $1.4 billion reported in the second quarter of 2026.
Net charge-offs declined to approximately $1.35 billion from $1.37 billion a year earlier and $1.41 billion in the previous quarter. The net charge-off ratio fell to 0.44% from 0.47% in both comparison periods.
The credit card charge-off rate also increased to 3.22%, compared with 3.46% in the third quarter of 2025. Early- and late-stage credit card delinquency rates improved for the sixth consecutive quarter on a year-over-year basis.
However, nonperforming loans and leases stood at $5.5 billion, up from $5.3 billion a year earlier. This indicates that some credit risks remain even as other indicators improve.
Balance Sheet and Capital Position Remained Strong
Bank of America continued to report a strong deposit base and steady loan growth.
| Balance sheet metric | Q3 2026 |
| Total assets | $3.43 trillion |
| Average deposits | $2.02 trillion |
| Average loans and leases | $1.23 trillion |
| Total deposits at quarter-end | $2.04 trillion |
| Global liquidity sources, average | $914 billion |
| Common Equity Tier 1 (CET1) ratio, standardized | 10.9% |
| Book value per common share | $39.26 |
| Tangible book value per common share | $29.14 |
Bank of America CEO Highlights Client Growth and AI Investments
Chairman and CEO Brian Moynihan said, “We saw healthy activity from our consumer, wealth management, business and commercial clients. Organic growth helped drive higher revenue and solid earnings. Net interest income grew 8% from last year, supported by continued year-over-year and sequential improvement in net interest yield, while asset management fees rose 17%.”
He further added, “Asset quality continued to improve, and liquidity and capital remained strong. This helped enable us to invest for growth and return $8.3 billion to shareholders through common stock dividends and share repurchases.”
What Do Bank of America’s Q3 2026 Results Mean?
Bank of America‘s third-quarter results showed a mix of growth and pressure. Revenue increased 3%, supported by higher net interest income, loan growth, and strong wealth management performance. Consumer Banking also benefited from increased card spending and digital engagement.
However, reported net income and EPS declined, partly because of the regulatory settlement charge. Higher operating expenses and weaker fixed-income trading and investment banking revenue also affected performance.
The bank’s improving credit card charge-off rate, continued loan growth, and strong deposit base were positive signs. At the same time, the decline in its CET1 ratio compared with the previous year and the increase in nonperforming loans remain important indicators to monitor.
Overall, Bank of America continued to grow its core businesses, but the sustainability of earnings growth will depend on revenue trends, expense management, credit quality, and broader market conditions in the coming quarters.