BAC · News · 20261020N

Commercial Lending Demand

BANK OF AMERICA CORP /DE/ · 2026-10-20 · Importance 25 · Surprise 32

Bank of America is growing lending faster than deposits, with average loans up 8% year over year while deposits increased 2%. Global Banking balances grew 8%, whereas Consumer Banking balances increased approximately 1%, indicating stronger commercial-client demand than consumer-banking demand. The divergence highlights continued deposit-funding considerations as lending expands, although the report notes that net interest income increased 9%.

Key facts

• Second-quarter average loans at Bank of America increased 8% year over year. source
• Bank of America consumer balances grew approximately 1% while Global Banking grew 8%. source