Bank of America Reports $6.9 Billion in Q3 Net Income

Bank of America’s third-quarter net income decreased to $6.9 billion, or $0.91 per diluted share, compared to $8.3 billion, or $1.04 per diluted share, in the third quarter of 2025. The decline was partially attributable to a $1.2 billion regulatory settlement charge. Excluding this charge, adjusted net income was $8.1 billion, or $1.08 per share.

Total revenue, net of interest expense, rose 3% year-over-year to $30.0 billion, fueled by an 8% increase in net interest income (NII) to $16.4 billion. This NII growth stemmed from higher loan and deposit balances, as well as increased NII related to Global Markets activity and fixed-rate asset repricing. Growth in asset management fees, up 16% to $4.5 billion, also contributed to the revenue increase. However, these gains were offset by a 5% decrease in sales and trading revenue, with fixed income, currencies, and commodities (FICC) revenue down 17% to $2.6 billion.

The bank’s consumer banking segment saw net income of $3.5 billion on revenue of $11.6 billion, a 4% increase. Average consumer deposits grew modestly to $949 billion, up $1 billion, and were 32% higher than pre-pandemic levels (Q4 2019). Loans and leases in the consumer banking segment also increased slightly to $321 billion, with credit card loans up 5% to $106 billion. Global Wealth and Investment Management reported net income of $1.5 billion on revenue of $7.1 billion, a 13% increase, driven by higher asset management fees.

Bank of America maintained a strong balance sheet, with average deposits of $2.02 trillion and average loans and leases of $1.23 trillion. The Common Equity Tier 1 (CET1) ratio was 10.9%, above the regulatory minimum. The bank returned $8.3 billion to shareholders through dividends and stock repurchases. The results reflect a resilient consumer spending environment and continued growth in wealth management, tempered by headwinds in investment banking and sales and trading.