01—Abstract
Summary
Summary of the 10-Q filed July 31, 2026. Cited figures are marked; the original filing is the authoritative source.
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 billiona 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 $0.32b 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 billionc 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.
02—Key points
Key Highlights
- Net 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.
- Diluted earnings per common share were $1.21 for the three months ended June 30, 2026, up from $0.90 in the prior year period.
- 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 prior year period.
- Net interest income increased by $1.32 billion to $15.997 billion for the three months ended June 30, 2026.
- Noninterest 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.
- The 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.
- Bank of America announced a 14% increase in its quarterly common stock dividend to $0.32 per share, payable in September 2026.
- The Common Equity Tier 1 (CET1) capital ratio stood at 11.2% under the Standardized approach as of June 30, 2026.
03—Questions
Frequently Asked Questions
What was Bank of America's net income for the second quarter of 2026?
Bank of America's net income for the three months ended June 30, 2026, was $9.07 billion, or $1.21 per diluted share.
How did Bank of America's revenue perform in the second quarter of 2026 compared to the previous year?
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.
What is the outlook for the bank's capital position?
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.
What factors contributed to the increase in noninterest income?
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.
04—Continue