Bank of America (BAC) Q3 2026 Earnings
Results include a $1.2 billion non-tax-deductible regulatory settlement charge related to OCC and FinCEN consent orders concerning BSA/AML and Economic Sanctions compliance programs, which reduced GAAP EPS by $0.17 per share
How Did BAC Stock React to Q3 2026 Earnings?
Did BAC Beat Earnings? Q3 2026 Results
No. Bank of America reported Q3 2026 earnings of $1.08 a share on Oct 14, 2026, missing the $1.11 consensus estimate by 2.7%. Revenue was $30.0B against a $30.6B estimate.
Bank of America delivered a disappointing third quarter, missing on both the top and bottom lines as a hefty regulatory penalty overshadowed otherwise solid underlying momentum. Adjusted EPS came in at $1.08, falling short of the $1.10 consensus by 2.65%, snapping a six-consecutive-quarter streak of beating analyst expectations; reported revenue of $29.96 billion trailed the $30.58 billion estimate by 2.05% and slid 37.9% from the year-ago period. The central culprit was a $1.20 billion non-tax-deductible charge tied to consent orders from the OCC and FinCEN over Bank Secrecy Act, anti-money laundering, and economic sanctions compliance failures, a settlement regulators said reflected the bank effectively outsourcing its compliance obligations. Beneath that charge, the picture was more constructive: net interest income climbed 8% to $16.45 billion, average loans grew 6% to $1.23 trillion, and net charge-offs eased to a 0.44% ratio. Looking ahead, management's rate sensitivity analysis suggests a 100-basis-point upward shift in rates could add roughly $1.40 billion in net interest income over the next twelve months, a potential tailwind should the rate environment cooperate.
- Net interest income up 8% YoY driven by higher loan and deposit balances, Global Markets activity, and fixed-rate asset repricing
- Asset management fees up 16% to $4.5 billion reflecting higher market valuations and strong AUM flows
- Average loans and leases up 6% YoY with growth across every business segment; 10th consecutive quarter of sequential average growth
- Combined credit/debit card spend of $266 billion up 8% YoY
- Consumer investment assets up 14% YoY to $664 billion
- GWIM client balances of $5.1 trillion up 9% YoY with $20 billion AUM flows in quarter
- Net interest yield expanded 15 bps to 2.16%
- Credit card charge-off rate and delinquency rates improved for sixth consecutive quarter YoY
- Commercial reservable criticized exposure dropped to $19.9 billion (2.49%), lowest since Q4 2019, down from $26.3 billion (3.67%) YoY
- Allowance for credit losses declined to $14.2 billion with allowance-to-loans ratio improving to 1.04% from 1.14% YoY
- Tangible book value per share increased to $29.14 from $28.16 YoY
“The team delivered organic growth, deepening client relationships and adding new ones. While investment banking and sales and trading revenues were lower, commercial lending grew in every client segment. Our momentum, reflected in growth in client deposits, wealth flows and consumer activity, supported solid earnings, balance-sheet growth and long-term shareholder value.”
Bank of America CEO, on the earnings call
What Is Bank of America's Outlook?
NII sensitivity analysis as of September 30, 2026 shows estimated impact over the next 12 months from parallel shift of forward rate curve: +100 bps above curve would add approximately $1.4 billion higher NII; -100 bps below curve would reduce NII by approximately $1.9 billion. Investment banking pipelines remain robust despite moderated capital markets activity. BofA Global Research estimates U.S. GDP growth of 2.1% for 2026 and 2.2% for 2027, and U.S. CPI inflation of 3.3% for 2026 and 3.4% for 2027.
BAC YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $30.0B | $48.2B | −37.9% |
| Net Income | $6.9B | $8.5B | −18.1% |
| Operating Income | $9.0B | $9.5B | −5.2% |
BAC Revenue by Segment
When Does Bank of America Report Next?
Figures from SEC filings and company reports. Not investment advice.