BAC · Earnings call · 2026Q3T · Full report

Credit Loss Provisions

BANK OF AMERICA CORP /DE/ · 2026-10-14 · Importance 26 · Surprise 24

Provision expense was approximately $1.3 billion, lower than the second quarter, while the net charge-off ratio improved to 44 basis points. The consumer card loss rate improved to 3.22%, and card delinquencies declined for the sixth consecutive quarter year-over-year. Commercial criticized assets reached their lowest rate since the fourth quarter of 2019, and non-performing loans declined sequentially.

Key facts

• Provision expense was approximately $1.3 billion, lower than Q2.
• The net charge-off ratio improved to 44 basis points.
• The card loss rate was 3.22%, which improved from Q2.
• Commercial charge-offs were $220 million for the quarter.