Bank of America Corporation (BAC) Earnings Call Transcripts

Bank of America Corporation's Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Bank of America reported a net income of $6.9 billion and earnings per share (EPS) of $0.91, which was impacted by a $1.2 billion regulatory settlement charge. Excluding this charge, adjusted net income was $8.1 billion, or approximately $1.08 per share, reflecting a year-over-year increase. Revenue reached approximately $30 billion, up 3% year-over-year, driven by an 8% increase in net interest income (NII) and strong performance in asset management fees, although sales and trading revenue declined. Management raised its NII growth guidance for 2027 to over 8%, signaling confidence in continued loan and deposit growth despite economic uncertainties.

Reported metrics

Guidance from management

Management raised its NII growth guidance for 2027 to over 8%, citing strong loan and deposit growth. They expect continued improvement in NII sequentially in Q4 and throughout 2027.

What management said

No, no change there. We've obviously had a very good first half. Q3 was slower. And we're back on creating operating leverage in Q4. I think as we get into Q4, Chris, I will likely provide guidance for next year, but it's not going to change from the based on what we see, it could be higher, but we'll see as we get closer.

Yes. To be precise, the 8% includes effectively a drag on markets because it hasn't been growth for the last couple of quarters, it's been relatively flat. So it's an all-in number overcoming that, just to be clear.

What analysts pressed on

Analysts expressed concerns regarding the impact of the regulatory settlement on investor confidence, with one noting the stock's decline of over 7% post-announcement. Questions arose about potential future expenses related to compliance and how the bank plans to instill confidence moving forward.

Main topics on the call

• Regulatory Settlement Impact — Bank of America incurred a $1.2 billion regulatory settlement charge, impacting EPS by $0.17. CEO Brian Moynihan stated, "We understand the seriousness of compliance...we have invested billions of dollars in technology a...
• Loan and Deposit Growth — The bank reported a $34 billion increase in loans, marking ten consecutive quarters of growth. Deposits also rose by $31 billion year-over-year, with noninterest-bearing deposits accounting for over 75% of this growth, i...
• Net Interest Income Growth — NII reached $16.6 billion, up 8% year-over-year, with a net interest yield of 2.16%. Management expects NII to improve sequentially in Q4 and throughout 2027, raising the growth guidance to over 8%.
• Credit Quality Improvement — Credit quality remains strong, with a net charge-off ratio improving to 44 basis points and consumer credit metrics showing stability. Moynihan noted, "We feel very good about that...credit quality continues to improve."

Read the full Bank of America Corporation transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 90 Bank of America Corporation earnings call transcripts on record, spanning January 15, 2020 to October 14, 2026. Based on this history, Bank of America Corporation reports quarterly. The most recent call on file is dated October 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BAC

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

90

First call

January 15, 2020

Most recent

October 14, 2026

Reporting cadence

quarterly