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Get filing alertsCritical incident detected
Regulatory enforcement action
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Civil Money Penalty (new) — Bank of America accrued $1.2B for civil money penalties from regulatory consent orders over its BSA/AML and sanctions compliance programs.
- Consent Order (new) — The company consented to orders from the OCC and FinCEN over deficiencies in its BSA/AML and sanctions compliance programs.
Bank of America Q3 profit falls 24% to $6.9B on $1.2B BSA/AML regulatory settlement
Filed October 14, 2026 · Period ending October 14, 2026 · ~1 min read
Key Changes
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high
Q3 net income fell to $6.9B, or $0.91 per diluted share, from $9.1B, or $1.21, in Q2 and $8.3B, or $1.04, a year earlier.
Item 2.02 verify on EDGAR → -
high
Results included a $1.2B non-tax-deductible charge for civil money penalties tied to OCC and FinCEN consent orders over BSA/AML and sanctions compliance, reducing EPS by $0.17.
Exhibit 99.1 view on EDGAR → -
high
Excluding the settlement charge, adjusted net income was $8.1B, or $1.08 per diluted share.
Exhibit 99.1 view on EDGAR → -
high
Revenue net of interest expense rose 3% to $30.0B, driven by higher net interest income and asset management fees, partly offset by lower sales and trading and investment banking fees.
Exhibit 99.1 view on EDGAR → -
medium
Returned $8.3B to shareholders via $2.2B in dividends and $6.0B in buybacks; CET1 ratio was 10.9%, down 37 bps from Q2.
Exhibit 99.2 view on EDGAR →
Summary
Bank of America's third-quarter earnings were weighed down by a $1.2 billion regulatory settlement charge tied to consent orders with the OCC and FinCEN over its Bank Secrecy Act and anti-money laundering compliance programs. The charge, which is non-tax-deductible, reduced diluted earnings per share by $0.17 and drove net income down 24% from the prior quarter to $6.9 billion, or $0.91 per share. Excluding the charge, adjusted net income was $8.1 billion, or $1.08 per share, reflecting solid underlying performance with revenue up 3% to $30.0 billion on higher net interest income and asset management fees.
The consent orders and the associated penalty are the key concerns for investors. They signal regulatory findings of deficiencies in the bank's BSA/AML and sanctions compliance programs, which could lead to ongoing scrutiny, remediation costs, and potential operational restrictions. While the bank's capital position remains strong with a CET1 ratio of 10.9% and it returned $8.3 billion to shareholders, the compliance failures raise questions about risk management and could weigh on the stock until remediation is demonstrated.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
reporting third quarter net income of $6.9 billion, or $0.91 per diluted share
The company announced its third quarter 2026 financial results, disclosing net income of $6.9 billion and diluted earnings per share of $0.91. The full press release is attached as Exhibit 99.1 and incorporated by reference. Note: these figures were previously disclosed in the company's Jul 14, 2026 8-K.
Event · Item 7.01 — Regulation FD Disclosure
Bank of America furnished Q3 2026 earnings presentation and supplemental materials via Regulation FD.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On October 14, 2026, the Corporation will hold an investor conference call and webcast to discuss financial results for the third quarter ended September 30, 2026, including the Press Release and other matters relating to the Corporation.
The filing announces an investor call and webcast to discuss third quarter 2026 financial results. It also makes available presentation materials and supplemental information on the company's website. No specific financial figures are disclosed in the 8-K body itself.
Event · Exhibit 99.1
Bank of America reports 3Q26 net income of $6.9B, EPS $0.91, including a $1.2B regulatory settlement charge.
Added in current filing · view on EDGAR → · paraphrased
Net income $ 6,933 $ 9,074 $ 8,332
Third quarter 2026 net income was $6.9 billion, down from $9.1 billion in the prior quarter and $8.3 billion in the year-ago quarter. The decline reflects the $1.2 billion regulatory settlement charge.
Event · Exhibit 99.2
Bank of America reports 3Q26 net income of $6.9B, EPS $0.91, and a $1.2B regulatory settlement charge.
Added in current filing · view on EDGAR →
Net income $6.9B; EPS $0.91; ROE 9.4%, ROTCE1 12.6%
Reported net income was $6.9 billion with diluted EPS of $0.91. Excluding the $1.2B regulatory settlement charge, adjusted net income was $8.1B and adjusted EPS was $1.08.
Added in current filing · view on EDGAR →
Revenue, net of interest expense, of $30.0B ($30.1B FTE)1 increased $0.9B, or 3%, reflecting higher net interest income (NII) and asset management fees, as well as lower sales and trading revenue and investment banking fees
Total revenue net of interest expense was $30.0B, up 3% year-over-year. Net interest income of $16.4B increased 3%, while noninterest income of $13.5B decreased 2%.
Added in current filing · view on EDGAR →
Average deposits of $2.02T increased $31B, or 2%
Average deposits grew 2% year-over-year to $2.02T, while average loans and leases grew 6% to $1.23T. Ending deposits were $2.04T and ending loans and leases were $1.25T. Note: these figures were previously disclosed in the company's Jul 14, 2026 8-K.
Event · Exhibit 99.3
Bank of America reports Q3 2026 net income of $6.9B, EPS of $0.91, and a 10.9% CET1 ratio.
Added in current filing · view on EDGAR →
Diluted earnings per common share 3.23 2.84 0.91 1.21 1.11 0.98 1.04
Diluted earnings per common share for the third quarter of 2026 was $0.91, compared to $1.21 in the second quarter of 2026 and $1.04 in the third quarter of 2025. The nine-month diluted EPS was $3.23 in 2026 versus $2.84 in 2025.
Added in current filing · view on EDGAR →
Total revenue, net of interest expense 91,788 84,730 29,958 31,558 30,272 28,367 29,040
Total revenue, net of interest expense, for the third quarter of 2026 was $29,958 million, down from $31,558 million in the second quarter of 2026 but up from $29,040 million in the third quarter of 2025. Nine-month revenue rose to $91,788 million from $84,730 million.
Added in current filing · view on EDGAR →
Provision for credit losses 3,972 4,367 1,269 1,366 1,337 1,308 1,295
The provision for credit losses was $1,269 million in the third quarter of 2026, down from $1,366 million in the second quarter of 2026 and $1,295 million in the third quarter of 2025. The nine-month provision was $3,972 million in 2026 versus $4,367 million in 2025.
Added in current filing · view on EDGAR →
Common equity tier 1 capital ratio 10.9 % 11.2 % 11.6 %
Under the Standardized Approach, the Common equity tier 1 capital ratio was 10.9% at September 30, 2026, down from 11.2% at June 30, 2026 and 11.6% at September 30, 2025. The ratio remains well above regulatory minimums.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 14, 2026 · How we verify