10-QPeriod: Q2 FY2026

BANK OF AMERICA CORP /DE/ Quarterly Report for Q2 Ended Jun 30, 2026

Filed July 31, 2026For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

Bank of America Corporation reported a strong financial performance for the second quarter and first half of 2026, with significant increases in net income compared to the prior year. Total revenue, net of interest expense, rose to $31.6 billion for the quarter and $61.8 billion for the six months, driven by robust growth in both net interest income and noninterest income. Net income reached $9.1 billion ($1.21 per diluted share) for the quarter and $17.7 billion ($2.31 per diluted share) for the six months. The provision for credit losses decreased, contributing to improved profitability, although noninterest expense also saw an increase due to ongoing business investments. The company demonstrated solid capital management, with a Common Equity Tier 1 (CET1) capital ratio of 11.2% under the Standardized approach, comfortably above regulatory minimums. The Board declared a quarterly common stock dividend of $0.32 per share, a 14% increase from the prior quarter, signaling confidence in the company's financial health. The company continued its share repurchase program, repurchasing $6 billion of common stock during the quarter. Key business segments, particularly Global Markets and Global Banking, showed significant revenue growth, driven by strong trading results and investment banking fees, respectively.

Key Highlights

  • 1Net income for the three months ended June 30, 2026, was $9.07 billion, a significant increase from $7.17 billion in the prior year period.
  • 2Diluted earnings per common share were $1.21 for the three months ended June 30, 2026, up from $0.90 in the prior year period.
  • 3Total revenue, net of interest expense, increased to $31.56 billion for the three months ended June 30, 2026, from $27.44 billion in the prior year period.
  • 4Net interest income increased by $1.32 billion to $15.997 billion for the three months ended June 30, 2026.
  • 5Noninterest income increased by $2.79 billion to $15.56 billion for the three months ended June 30, 2026, driven by strong performance in investment and brokerage services and market making activities.
  • 6The provision for credit losses decreased to $1.37 billion for the three months ended June 30, 2026, from $1.59 billion in the prior year period.
  • 7Bank of America announced a 14% increase in its quarterly common stock dividend to $0.32 per share, payable in September 2026.
  • 8The Common Equity Tier 1 (CET1) capital ratio stood at 11.2% under the Standardized approach as of June 30, 2026.

Frequently Asked Questions

Bank of America's net income for the three months ended June 30, 2026, was $9.07 billion, or $1.21 per diluted share.

Total revenue, net of interest expense, increased to $31.56 billion for the three months ended June 30, 2026, from $27.44 billion in the same period of 2025. This growth was driven by higher net interest income and noninterest income.

Bank of America maintained a strong capital position, with a Common Equity Tier 1 (CET1) capital ratio of 11.2% under the Standardized approach as of June 30, 2026, which is well above regulatory requirements. The company also continued its capital return strategy through dividends and share repurchases.

Noninterest income increased significantly, driven by higher asset management fees reflecting strong market valuations and positive client flows in Global Wealth & Investment Management, as well as increased investment banking fees and higher trading revenues in Global Markets.