Bank Of America Corporation · NYSE:BAC
Bank Of America — Q3 2026 Earnings Presentation
30 slides from Bank Of America's earnings presentation, Oct 14, 2026
Slide 1: Bank of America 3Q26 Financial Results
Bank of America 3Q26 Financial Results October 14, 2026
Slide 2: 3Q26 Highlights
3Q26 Highlights Efficiency Net income Diluted EPS1 ROE ROTCE ratio $6.9B $0.91 66% 9.4% 12.6%2 3Q26 results included a $1.2B regulatory settlement charge in noninterest expense, which reduced earnings per diluted share by $0.17 Charge ($1.2B) ($0.17) +4 pts (1.7 pts) (2.3 pts) impact Adjusted $8.1B3
Slide 3: Resilient Economic Outlook and Consumer Spend
Resilient Economic Outlook and Consumer Spend BofA Global Research Real GDP Growth Estimates1 Payment Spend2 and YoY % Growth $4.3T $4.5T $3.5T 3.5% 3.4% $4.1T $3.4T 3.2% 3.3% 2.8% 2.1% 2.1% 2.2% +5% +5% +5% +5% +4% 2024 2025 2026E 2027E 2023 2024 2025 2025 YTD 2026 YTD U.S. Global $ Volume YoY % ch
Slide 4: Continued Organic Growth in 3Q26
Continued Organic Growth in 3Q26 Consumer Banking Global Wealth & Investment Management Added >200K net new Consumer checking accounts; $5.1T client balances,2 up 9% YoY; AUM balances up completed 31 consecutive quarters of net growth 12% YoY to $2.4T, with $74B flows since 3Q25 Opened >1MM new cred
Slide 5: 3Q26 Highlights
3Q26 Highlights (Comparisons to 3Q25, unless otherwise noted) • Net income $6.9B; EPS $0.91; ROE 9.4%, ROTCE1 12.6% – Excluding the regulatory settlement charge, adj. net income $8.1B;2 adj. EPS $1.08;2 adj. ROE 11.1%,2 adj. ROTCE 14.9%2 • Revenue, net of interest expense, of $30.0B ($30.1B FTE)1 in
Slide 6: Balance Sheet, Liquidity, and Capital
Balance Sheet, Liquidity, and Capital (EOP basis unless noted) Balance Sheet Metrics 3Q26 2Q26 3Q25 Basel 3 Capital ($B)3,4 3Q26 2Q26 3Q25 Assets ($B) Common equity tier 1 capital $198 $202 $203 Total assets $3,428 $3,499 $3,403 Standardized approach Total loans and leases 1,251 1,218 1,166 Risk-wei
Slide 7: Average Deposit Trends
Average Deposit Trends Total Deposits ($B) Total Deposit Rate Paid (bps) YoY $2,250 $2,013 $2,017 $2,023 $2,022 +2% $1,991 280 136 132 132 133 126 (7%) 249 223 277 279 287 282 279 +1% 227 $1,500 207 632 656 648 652 669 +6% 178 202 149 $750 146 947 945 951 957 949 +0.1% 48 58 51 $0 3Q25 4Q25 1Q26 2Q2
Slide 8: Average Loan and Lease Trends
Average Loan and Lease Trends Total Loans and Leases ($B) Total Loans and Leases by Portfolio ($B) $1,500 YoY $900 $1,190 $1,217 $1,226 +6% $709 $733 $738 $1,153 $1,171 $680 $692 201 205 201 +5% 191 198 $1,000 $600 270 279 +13% $473 $478 $480 $483 $488 246 257 262 $500 388 386 397 413 419 +8% $300 3
Slide 9: Net Interest Income
Net Interest Income Net Interest Income (FTE, $B)1 • Net interest income of $16.4B ($16.6B FTE)1 – Increased $1.2B from 3Q25, driven primarily by higher loan and $18.0 $16.6 deposit balances, higher NII related to Global Markets (GM) $15.4 $15.9 $15.9 $16.2 activity, and fixed-rate asset repricing –
Slide 10: Expense and Efficiency
Expense and Efficiency Total Noninterest Expense ($B) $18.5 $18.6 $19.7 $20.0 $17.3 $17.4 1.2 $6.8 6.8 7.2 7.6 7.5 $10.0 $18.51 10.5 10.6 11.3 11.0 11.0 $0.0 3Q25 4Q25 1Q26 2Q26 3Q26 Compensation and benefits Other Regulatory settlement charge Efficiency Ratio 70% 66% 60% 62% 1 61% 61% 60% 59% 50% 3
Slide 11: Asset Quality
Asset Quality Net Charge-offs ($MM) • Total net charge-offs of $1.3B vs. $1.4B in both 3Q25 and 2Q26 $2,000 1.00% – Consumer net charge-offs of $997MM were relatively flat vs. 3Q25 and declined $43MM $1,500 $1,367 $1,409 $1,412 $1,349 0.75% from 2Q26 $1,287 ▪ Credit card charge-off rate of 3.22% in
Slide 12: Asset Quality – Consumer and Commercial Portfolios
Asset Quality – Consumer and Commercial Portfolios Consumer Net Charge-offs ($MM) Consumer Metrics ($MM) 3Q26 2Q26 3Q25 Provision $923 $1,009 $858 $1,200 1.50% $1,059 $1,040 $978 $992 $997 Nonperforming loans and leases 2,610 2,590 2,531 % of loans and leases1 0.53 % 0.53 % 0.53 % $800 1.00% Consume
Slide 13: Consumer Banking
Consumer Banking Inc / (Dec) • Net income $3.5B; ROAC 31% Summary Income Statement ($MM) 3Q26 2Q26 3Q25 • Revenue of $11.6B increased 4% from 3Q25, driven Total revenue, net of interest expense $11,572 $236 $406 primarily by higher net interest income Provision for credit losses 1,045 (115) 36 • Pro
Slide 14: Global Wealth & Investment Management
Global Wealth & Investment Management Inc / (Dec) • Net income $1.5B; ROAC 28% Summary Income Statement ($MM) 3Q26 2Q26 3Q25 • Revenue of $7.1B increased 13% from 3Q25, driven by Total revenue, net of interest expense $7,118 $247 $806 higher asset management fees, reflecting higher Provision for cre
Slide 15: Global Banking
Global Banking Inc / (Dec) • Net income $2.0B; ROAC 15% Summary Income Statement ($MM) 3Q26 2Q26 3Q25 • Revenue of $6.2B was relatively flat vs. 3Q25, as Total revenue, net of interest expense1 $6,205 ($31) $16 higher net interest income and treasury service Provision for credit losses 210 (5) (59)
Slide 16: Global Markets
Global Markets1 Inc / (Dec) • Net income $1.2B; ROAC 9% Summary Income Statement ($MM) 3Q26 2Q26 3Q25 • Revenue of $5.9B decreased 6% from 3Q25, driven Total revenue, net of interest expense2 $5,867 ($2,155) ($358) by lower sales and trading revenue and investment Net DVA 20 77 6 banking fees Total
Slide 17: All Other
All Other1 Inc / (Dec) • Net loss of $1.4B included a non-tax-deductible Summary Income Statement ($MM) 3Q26 2Q26 3Q25 regulatory settlement charge of $1.2B Total revenue, net of interest expense ($643) $101 $55 – Excluding the regulatory settlement charge, the Provision (benefit) for credit losses
Slide 18: Supplemental Business Segment Trends
Supplemental Business Segment Trends
Slide 19: Consumer Banking Trends
Consumer Banking Trends Business Leadership1 Total Revenue ($B) Total Expense ($B) and Efficiency • No. 1 in U.S. Consumer Deposits(A) $5.8 $5.8 $5.8 $12.0 $11.2 $11.2 $11.0 $11.3 $11.6 $6.0 $5.6 $5.7 70% • No. 1 Small Business Lender(A) 2.1 2.2 2.1 2.1 2.1 • No. 1 in Retail Banking Advice Satisfact
Slide 20: Consumer Digital Update
Consumer Digital Update1 Digital Adoption Client Engagement Digital Users2 and Households3 Client Digital Interactions (B)4 Digitally-Enabled Sales5 2,341 75 100% 5.0 2,400 100% 4.2 2,026 57 58 59 60 4.2 1,809 48 49 50 4.0 3.6 1,800 1,503 75% 50 46 80% 3.4 3.4 3.2 71% 80% 3.0 66% 77% 79% 3.0 2.7 1,2
Slide 21: Global Wealth & Investment Management Trends
Global Wealth & Investment Management Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • 19 Merrill advisors on Barron's 2026 Top $300 $277 $279 $287 $282 $279 $300 $279 100 Women Financial Advisors $262 $270 $246 $257 • >300 Merrill advisors on Barron's 2026 79 74 76
Slide 22: Global Wealth & Investment Management Digital Update
Global Wealth & Investment Management Digital Update Digital Adoption1 Client Engagement Digital Households / Relationships Digital Channel Adoption eDelivery2 800 760 767 100% 100% 100% 741 83% 85% 716 76% 76% 76% 77% 78% 80% 700 90% 75% 65% 67% 75% 60% 62% 86% 87% 600 84% 80% 50% 50% 83% 500 70% 2
Slide 23: Global Banking Trends
Global Banking Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • No. 1 in Overall Leadership in Digital $750 $500 Channels (tied), fourth consecutive year(H) $656 $648 $652 $669 $419 $632 $397 $413 • North America’s Most Innovative Bank(C) $388 $386 • World’s Best Ban
Slide 24: Global Banking Digital Update
Global Banking Digital Update Digital Adoption Client Engagement Relationship Client Adoption1 Mobile App Sign-ins (K)2 CashPro® App Payments 100% 3,200 2,975 $400 $358 8.0 87% 86% 86% 2,442 $299 75% 2,400 $300 $283 6.0 2,042 1,629 $192 5.2 50% 1,600 $200 4.7 4.0 4.3 3.6 25% 800 $100 2.0 0% 0 $0 0.0
Slide 25: Global Markets Trends and Revenue Mix
Global Markets Trends and Revenue Mix Business Leadership1 2026 YTD Global Markets Revenue Mix 2026 YTD Total FICC S&T Revenue Mix • Global Derivatives House of the Year(M) (excl. net DVA)2 (excl. net DVA)2 • CLO Bank of the Year(M) • Securitization Bank of the Year(M) • Commodity Derivatives House
Slide 26: Notes
Notes A On October 13, 2026, the Office of the Comptroller of the Currency and the Financial Crime Enforcement Network (FinCEN) announced that the Corporation consented to orders related to certain aspects of its U.S. Bank Secrecy Act and Anti-Money Laundering and Economic Sanctions Compliance Progr
Slide 27: Business Leadership Sources
Business Leadership Sources (A) FFIEC Call Reports, 2Q26. (B) J.D. Power 2026 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.* (C) Global Finance, 2026. (D) StockBro
Slide 28: Forward-Looking Statements
Forward-Looking Statements Bank of America Corporation (the Corporation) and its management may make certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do
Slide 29: Important Presentation Information
Important Presentation Information • The information contained herein is preliminary and based on Corporation data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying slides. Bank of America does not undertake an obligati
Slide 30: Bank of America
BANK OF AMERICA