BANK OF AMERICA CORP /DE/ (BAC) Company Report

Co-Presidents Dean Athanasia and Jim DeMare oversee eight lines of business, focusing on the wealth continuum, business continuum, and high-net-worth “Venn” opportunities to drive integrated growth.
Medium-term targets include 5% credit card growth, 4–5% net new asset growth in wealth management, and $4 billion additional payments revenue.
Q1 2026 performance highlights: NII +7% YoY, deposits +low-single-digits, lending growth in line with or above H8, wealth fees +double digits, investment banking +10% YoY, global markets +low double digits.
Technology and AI investments: $13 billion annual tech spend (including +$4 billion on new initiatives), >1 billion mobile logins/month, 3 billion Erica transactions, and launch of an AI catalyst group to accelerate productivity.
Regulatory outlook: anticipated Basel III Endgame and GSIB reforms expected to lower capital requirements; CET1 ratio at 11.4% vs 10% minimum (+50 bps buffer).

5 days ago

Transcript

Wintrust discusses 2026 priorities and performance at RBC conference

BAC

Guidance Update

M&A

$71 billion asset base across 210 branches in the Midwest; one-third of assets tied to life insurance premium finance, P&C finance, and agency banking.
First-quarter growth is seasonally slower due to insurance finance timing and corporate deposit outflows; second quarter typically benefits from higher P&C activity.
Strategic focus on expanding C&I lending with complementary wealth services, driving efficiency gains, and integrating the Macatawa acquisition to deliver incremental client wins.
Deposit acquisition remains rationally priced, supporting core-funded loan growth; net interest margin targeted around 3.50% ±35 bps regardless of modest rate shifts.
CET1 ratio climbed to 10.30%, credit quality remains strong with a core provision of about 135 bps, and a disciplined M&A pipeline is in place.

5 days ago

Transcript

Bank of America presents at 2026 RBC Global Financial Institutions Conference

BAC

Company overview: Wintrust operates as a $71 billion asset bank founded in 1991, with 210 branches across the Midwest and national commercial operations; approximately one-third of assets relate to insurance finance, one-quarter to commercial real estate, and just over one-third to commercial & industrial loans.
2026 priorities: Focus on C&I loan growth, improving efficiency, and fully integrating the Macatawa acquisition; target a stable net interest margin of ~3.50% ±35 bps while matching loan growth with core deposit growth.
Portfolio and credit quality: Maintains a conservative underwriting stance—25% of loans in CRE, 33% in C&I, and low-risk insurance finance—yielding strong credit metrics and provisions in the low 20 bps range (core provision ~135 bps).
Fee income mix: Fee revenue represents ~20% of total revenue, split among treasury services, wealth management, and mortgage; mortgage warehouse operations continue to grow despite a challenging origination environment sensitive to the 6% rate threshold.
Capital and M&A stance: CET1 ratio up to 10.3%, on track for 10.5%–11% by H2 2026 to enable future share buybacks; remains disciplined on M&A, seeking strategic and cultural fit for scale-enhancing deals under its multiple-charter model.

5 days ago

Transcript

Bank of America reports record digital engagement in 2025

BAC

Product Launch

Clients connected with their finances 30 billion times in 2025—a 14% year-over-year increase—driven by 16.6 billion logins and 13.3 billion alerts (record highs).
The Erica AI assistant served 20.6 million users nearly 700 million times in 2025, bringing total interactions since its 2018 launch to 3.2 billion.
Zelle adoption reached 25 million active users in 2025, with a record 1.8 billion transactions worth $556 billion (up 16% and 18% YoY); small businesses processed 200 million payments worth $126 billion via Zelle (up 20%/ 23%).
CashPro mobile payment approvals hit a record $1.2 trillion in 2025—15% higher than 2024—equating to $38,000 per second.

5 days ago

Press Release

Bank of America redeems $2.8 B 1.658% senior notes due 2027

BAC

Debt Issuance

Bank of America will redeem on March 11, 2026 all $2.8 billion principal amount of its 1.658% Fixed/Floating Rate Senior Notes due March 2027, at 100% of principal plus accrued interest to, but excluding, the redemption date.
Interest on the Notes will cease to accrue on the redemption date.
Redemption payments will be made via The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. as trustee and paying agent.

Mar 3, 2026, 9:15 PM

Press Release

Bank of America redeems €1.75 bn floating rate notes due 2027

BAC

Delisting/Listing Issues

Bank of America will redeem on March 10, 2026 all €1,750,000,000 of its Floating Rate Senior Notes due March 10, 2027.
Redemption price is €1,000 per €1,000 calculation amount plus accrued and unpaid interest, with interest ceasing on the redemption date.
Payment will be made via Euroclear Bank and Clearstream Banking; Citibank N.A., London Branch serves as Principal Agent and Citibank Europe plc as Registrar.
The company will request the FCA and London Stock Exchange to cancel the listing and trading admission of the notes after redemption.

Mar 2, 2026, 12:00 PM

Press Release

Bank of America launches fee-free BofA Rewards program

BAC

Product Launch

Effective May 27, BofA’s no-minimum, fee-free BofA Rewards replaces the Preferred Rewards program, is open to all personal checking holders with no balance requirement, and automatically converts existing members.
The new program features four tiers (top tier at $1 million) and offers expanded perks including boosted credit-card rewards, cash-back offers, monthly statement credits, loan discounts, enhanced fraud and ID monitoring, plus lifestyle benefits.
Bank projects annual member benefits of $150–$4,000 and enrollment growth from about 11 million to 30 million users.
Berkshire Hathaway trimmed its BAC stake by 9%, reducing holdings to roughly 517 million shares, as Bank of America holds $3.4 trillion in assets and a $384 billion market cap.

Feb 18, 2026, 4:30 PM

Bloomberg

Bank of America raises CEO compensation to $41M

BAC

Executive Compensation

Board approved a 17% increase in CEO Brian Moynihan’s pay to $41 million, including $39.5 million in equity incentives for 2025.
Strong 2025 results: net income +13% to $30.5 billion, revenue +7% to $113.1 billion, and diluted EPS +19% to $3.81; stock rose ~25%.
Operational improvements: efficiency ratio improved 147 bps to 62% and operating leverage up 250 bps, with $201 billion in CET1 capital.
Balance sheet growth: loans +8%, deposits +3%, and $975 billion in average global liquidity sources.

Feb 13, 2026, 10:05 PM

Bloomberg

Bank of America Community Development Banking delivers $7.4 B financing, supports 11,000+ affordable housing units in 2025

BAC

New Projects/Investments

Provided $7.4 billion in debt and equity financing across 87 developments in 68 cities, creating over 11,000 affordable housing units in 2025.
Since 2020, has deployed $42 billion to finance more than 74,000 housing units in 335 cities across 40 states.
Financed 39 developments with a health care component—totaling 3,700 units—and hosted a “Meeting at the Intersection of Health and Housing” thought leadership event in Boston.
Banc of America Community Development Company completed $357 million in direct and fund equity investments for workforce and middle-income housing, generating over 3,400 units.

Feb 12, 2026, 2:00 PM

Press Release

Bank of America outlines 2026 growth targets and capital strategy at annual conference

BAC

Guidance Update

Share Buyback

Bank of America sees nearly 3% GDP growth for 2026, with consumer spending up 5% year-over-year in January and broad-based cohort increases, reflecting a resilient K-shaped economy.
Targets 16 – 18% return on tangible common equity within eight to twelve quarters, driven by 5 – 7% net interest income growth, 200 – 300 basis points of operating leverage and 2 – 3% loan and deposit growth.
Maintains flat headcount at ~213,000 while investing $2 billion annually in technology and expanding branches, achieving expense growth below inflation for six consecutive years.
Deploys AI via the Erica small-language model across mobile, operations and CashPro—handling 150 – 200 million quarterly interactions (700 intents), equivalent to 11,000 FTE efficiency gains.
Returns all incremental capital to shareholders through dividends and share repurchases, allowing CET1 ratios to drift toward targets pending regulatory clarity.