BAC · Earnings call · 2026Q3T · Full report

Income Tax Rate Changes

BANK OF AMERICA CORP /DE/ · 2026-10-14 · Importance 37 · Surprise 60

The overall effective tax rate was 23% for the quarter. Excluding the non-tax-deductible $1.2 billion regulatory settlement charge, the adjusted effective tax rate was approximately 20%. The settlement charge therefore increased the reported tax-rate distortion while reducing reported net income by $1.2 billion after tax.

Key facts

• Overall effective tax rate was 23%, and excluding the regulatory settlement charge, the adjusted effective tax rate was closer to 20%.