A financial services company offering banking, investing, asset management, and risk management products to individuals, businesses, and institutions. It traces its roots to the Bank of Italy, founded in San Francisco in 1904 by A.P. Giannini to serve working-class immigrants; after the 1906 earthquake he famously rescued the bank's cash in a horse-drawn cart and lent on handshakes. The bank adopted the Bank of America name in 1930, and a 1998 merger with NationsBank kept that name while moving headquarters to Charlotte.
Bank of America raises quarterly common dividend 14% to $0.32 per share
The dividend is payable on September 25, 2026 to shareholders of record as of September 4, 2026.
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On July 24, 2026, Bank of America's Board declared a quarterly common stock dividend of $0.32 per share, up $0.04 from the prior quarter.
The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable October 23, 2026.
The company repurchased $13.2 billion of common stock and paid $4 billion in dividends in the first half of 2026.
As of June 30, 2026, approximately $17 billion remained under the $40 billion share repurchase authorization effective since August 1, 2025.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Bank of America CEO Brian Moynihan's 2025 total compensation approved at $41 million, up from $35 million in 2024.
The compensation includes an unchanged base salary of $1.5 million, no cash bonus, and $39.5 million in equity incentive awards.
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Bank of America's Board approved 2025 total compensation of $41,000,000 for CEO Brian T. Moynihan, compared to $35,000,000 in 2024.
The equity incentive consists of 30% cash-settled RSUs vesting over 12 months, 20% stock-settled RSUs vesting annually over four years, and 50% stock-settled performance RSUs.
Performance RSUs must be re-earned based on 2026-2028 financial performance, with increased standards for 100% payout and up to 150% maximum payout for exceptional performance.
The Board cited 2025 results including net income up 13% to $30.5 billion, revenue up 7% to $113.1 billion, and a 25% stock price increase.
The filing was made under Item 8.01 Other Events to disclose the compensation decision.
Bank of America changes accounting methods for tax-related equity investments, restating prior results.
Affordable housing and wind investments will switch from the equity method to the proportional amortization method (PAM), reclassifying costs to income tax expense.
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Bank of America elected to change accounting methods for its tax-related affordable housing, wind, and solar renewable energy equity investments, effective retrospectively.
Solar investment tax credits (ITCs) will now be recognized over the productive life of facilities, with ITCs reported in noninterest income.
The changes reduced retained earnings by $1.7 billion as of September 30, 2025, and would have decreased Common equity tier 1 capital by $2.1 billion (13 bps) if applied to regulatory capital.
The effective tax rate for Q3 2025 would have been 20.0% under the new methods, versus 10.4% previously reported.
Revised supplemental financial information for 2023-2025 was furnished as Exhibit 99.1.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits