Bank of America Corporation reported third-quarter 2026 net income of $6.9 billion, or $0.91 per diluted share. A year earlier, it reported net income of $8.3 billion, or $1.04 per diluted share. The results missed analyst expectations of earnings per share of about $1.11 to $1.13.
A $1.2 billion regulatory settlement charge weighed on earnings. Excluding the charge, adjusted net income was $8.1 billion, or $1.08 per share.
Net interest income increased 8% to $16.4 billion. The bank also continued to grow its loans.
Bank of America returned $8.3 billion to shareholders during the quarter.