Bank of America reports Q3 NII $15.2B, $15.4B FTE

Provision for credit losses of $1.3 billion decreased from $1.5 billion in 3Q24 and $1.6 billion in 2Q25. Return on average common shareholders’ equity ratio of 11.5%; return on average tangible common shareholders’ equity ratio of 15.4%. Return on average assets of 0.98%. Chairman and CEO Brian Moynihan said: “Strong net income growth drove third quarter diluted earnings per share up 31% from last year. This in turn drove strong improvement in our returns on assets and equity. Revenue grew 11% year-over-year. Strong loan and deposit growth, coupled with effective balance sheet positioning, resulted in record net interest income. We also saw strong fee performance from our market-facing businesses. As revenues grew at a much faster rate than expenses, we drove good operating leverage and an efficiency ratio below 62%. With continued organic growth, every line of business reported top and bottom-line improvements. I thank our teammates for a strong quarter.”