Earnings ·
Reports $6.9B Q3 net income, $0.91 EPS; includes $1.2B regulatory settlement charge
BACBank of America Corp
Bank of America reported third-quarter 2026 net income of $6.9 billion, or $0.91 per diluted share, compared to $8.3 billion, or $1.04 per diluted share, in the prior-year period. Results included a non-tax-deductible regulatory settlement charge of $1.2 billion ($0.17 per share) related to U.S. Bank Secrecy Act and Anti-Money Laundering compliance consent orders. Adjusted net income was $8.1 billion, or $1.08 per diluted share. Total revenue increased 3% year-over-year to $30.0 billion, driven by an 8% rise in net interest income to $16.4 billion and higher asset management fees. The company returned $8.3 billion to shareholders through dividends and share repurchases while maintaining a Common Equity Tier 1 ratio of 10.9%. Bank of America is a leading global financial institution providing banking, investing, asset management, and risk management products and services.