Bank of America Posts $6.9 Billion in Third-Quarter Net Income; Adjusted Profit $8.1 Billion, or $1.08 a Share, After $1.2 Billion Regulatory Settlement Charge
CHARLOTTE, N.C. — Bank of America Corporation (NYSE: BAC) on October 14 reported financial results for the third quarter ended September 30, 2026, posting net income of $6.9 billion, or $0.91 per diluted share, according to its Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) and the accompanying earnings release. Results include a regulatory settlement charge of $1.2 billion, or $0.17 per share; excluding the charge, adjusted net income was $8.1 billion, or adjusted EPS of $1.08. In the year-ago quarter, net income was $8.3 billion, or $1.04 per share.
Revenue, net of interest expense, was $30.0 billion, up 3% from a year earlier. Net interest income rose 8% to $16.4 billion ($16.6 billion on a fully taxable-equivalent basis), and the net interest yield increased 15 basis points to 2.16%. The provision for credit losses was $1.3 billion, relatively flat to the year-ago quarter. Noninterest expense was $19.7 billion, for an efficiency ratio of 66%; excluding the settlement charge, adjusted noninterest expense was $18.5 billion and the adjusted efficiency ratio was 62%. Average deposit balances rose 2% to $2.02 trillion, and average loans and leases rose 6% to $1.23 trillion, the 10th consecutive quarter of sequential average growth. Common equity tier 1 capital was $198 billion, for a CET1 ratio of 10.9%. The bank returned $8.3 billion to shareholders in the quarter — $2.2 billion in common stock dividends and $6.0 billion in common stock repurchases — and book value per common share rose 4% to $39.26.
By segment, Consumer Banking earned $3.5 billion on revenue of $11.6 billion, up 4%, adding more than 200,000 net new checking accounts in its 31st consecutive quarter of net growth, with average credit card loans of $106 billion, up 5%. Global Wealth and Investment Management earned $1.5 billion on revenue of $7.1 billion, up 13%, as asset management fees rose 16% to $4.5 billion and client balances reached $5.1 trillion, up 9%. Global Banking earned $2.0 billion, with total corporation investment banking fees of $1.8 billion, down 11%. Global Markets earned $1.2 billion, with sales and trading revenue of $5.1 billion, down 5%; equities revenue rose 11% to $2.5 billion, while fixed income, currencies and commodities (FICC) revenue fell 17% to $2.6 billion.
Chair and CEO Brian Moynihan said the team delivered organic growth, with commercial lending growing in every client segment, supported by growth in client deposits, wealth flows and consumer activity. Executive Vice President and CFO Alastair Borthwick said net interest income grew 8% from a year earlier and asset management fees rose 17%, while asset quality continued to improve and liquidity and capital remained strong.
Published by GSM · USA (original Chinese edition)
Photo: 图：位于 Charlotte 的美国银行企业中心，美国银行总部大楼（资料图）。图片来源：jbarreiros 摄，CC BY-SA 2.0，经 Wikimedia Commons。Photo: The Bank of America Corporate Center in Charlotte, the bank's headquarters (file photo). Source: jbarreiros, CC BY-SA 2.0, via Wikimedia Commons.
