Bank of America stock was falling after the bank’s earnings fell short of analyst expectations.

BofA posted a fiscal fourth-quarter profit of $2.84 billion, or 35 cents a share, missing Wall Street’s call for a profit of $4.38 billion, or earnings of 53 cents a share. In the year-ago quarter, it posted a profit of $6.9 billion, or 85 cents a share.

Adjusting for one-time charges, Bank of America earned 70 cents a share, meeting forecasts.

Revenue of $21.96 billion fell short of expectations for $23.7 billion, while net interest income was $13.95 billion, in line with analyst predictions. The year prior, BofA reported revenue of $24.53 billion and net interest income of $14.68 billion.

“We reported solid fourth quarter and full-year results as all our businesses achieved strong organic growth, with record client activity and digital engagement,” said CEO Brian Moynihan in a statement. “This activity led to good loan demand and growth in deposits in the quarter and full-year net income of $26.5 billion. Our expense discipline allowed us to continue investing in growth initiatives. Strong capital and liquidity levels position us well to continue to deliver responsible growth in 2024.”