BAC said its net income for Q3 2026 fell to $6.9 billion ($0.91 per diluted share) from $8.3 billion ($1.04 per share) a year earlier. The company cited higher noninterest expense and lower noninterest income as the drivers of the decline. It also said it recorded a $1.2 billion non-tax-deductible regulatory settlement charge in noninterest expense in Q3.

10-QQuarterly reportFiled Oct 30, 2026Period of report Sep 30, 2026Summary published (UTC) Oct 30, 2026

Key points

AI summary

BAC said its net income for Q3 2026 fell to $6.9 billion ($0.91 per diluted share) from $8.3 billion ($1.04 per share) a year earlier. The company cited higher noninterest expense and lower noninterest income as the drivers of the decline. It also said it recorded a $1.2 billion non-tax-deductible regulatory settlement charge in noninterest expense in Q3.
Bank of America said net interest income for Q3 2026 rose $1.2 billion to $16.4 billion, and its net interest yield on a fully taxable-equivalent (FTE) basis increased 15 basis points to 2.16%. The company said noninterest income fell $298 million to $13.5 billion, while market making and similar activities declined $843 million.
Bank of America said its CET1 capital ratios as of September 30, 2026 were 10.9% under the Standardized approach and 12.0% under the Advanced approaches, against minimum requirements of 10.0%. In Q3 2026, it repurchased $6.0 billion of common stock and paid $2.2 billion in common stock dividends.
BAC said its net charge-off ratio for the 9 months ended September 30, 2026 decreased from a year earlier. The company cited lower charge-offs in commercial real estate office and credit card as the main factors. It also said commercial reservable criticized exposure fell $4.8 billion from December 31, 2025.

Summary

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Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly net income and $1.2 billion regulatory settlement charge

BAC said its net income for Q3 2026 fell to $6.9 billion ($0.91 per diluted share) from $8.3 billion ($1.04 per share) a year earlier. The company cited higher noninterest expense and lower noninterest income as the drivers of the decline. It also said it recorded a $1.2 billion non-tax-deductible regulatory settlement charge in noninterest expense in Q3.

Source · Based on the MD&A text of the filing

Changes in net interest income and noninterest income

Bank of America said net interest income for Q3 2026 rose $1.2 billion to $16.4 billion, and its net interest yield on a fully taxable-equivalent (FTE) basis increased 15 basis points to 2.16%. The company said noninterest income fell $298 million to $13.5 billion, while market making and similar activities declined $843 million.

Source · Based on the MD&A text of the filing

Capital ratios and capital return in Q3

Bank of America said its CET1 capital ratios as of September 30, 2026 were 10.9% under the Standardized approach and 12.0% under the Advanced approaches, against minimum requirements of 10.0%. In Q3 2026, it repurchased $6.0 billion of common stock and paid $2.2 billion in common stock dividends.

Source · Based on the MD&A text of the filing

Credit metrics: net charge-offs and criticized exposure

BAC said its net charge-off ratio for the 9 months ended September 30, 2026 decreased from a year earlier. The company cited lower charge-offs in commercial real estate office and credit card as the main factors. It also said commercial reservable criticized exposure fell $4.8 billion from December 31, 2025.

Source · Based on the MD&A text of the filing

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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