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

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.

7 days ago

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.

Feb 10, 2026, 1:00 PM

Transcript

Bank of America outlines ROTCE targets and expense strategy

BAC

Guidance Update

Share Buyback

Expects 2.8% GDP growth in 2026, with corporate clients upbeat on U.S. tax, deregulation, and trade policy normalization.
Targets 16–18% return on tangible common equity within 8–12 quarters, backed by 5–7% net interest income growth and mid-single-digit loan expansion.
Plans 200–300 bps of operating leverage by keeping headcount flat at ~213,000, growing expenses below inflation, and investing $2 billion annually in technology.
Reports strong business momentum: $950 billion in consumer deposits, ~1 million net new checking accounts annually, >4% wealth net new asset growth, and 15 consecutive quarters of payments platform revenue gains.
Continues to return incremental earnings via dividends and buybacks, driving the CET1 ratio down to ~11.3% as capital is redeployed.

Feb 10, 2026, 1:00 PM

Transcript

Bank of America outlines ROE targets and strategic priorities at FS Conference 2026

BAC

Guidance Update

Share Buyback

Bank reiterated 16–18% return on tangible common equity targets, expecting to reach 16% after eight quarters and 18% after twelve quarters, driven by 5–7% net interest income growth and 200–300 bps operating leverage.
Maintained flat headcount (~213,000 employees since 2015) while investing ~$2 billion annually in technology, achieving expense growth below inflation through rigorous cost management.
Highlighted advanced AI deployment (Erica) across banking operations, serving 20 million users and 150–200 million interactions per quarter, equivalent to ~11,000 FTE productivity gains.
Business segment performance: consumer deposits rose from $350–400 billion to $950 billion since 2010, recorded 15 consecutive quarters of payments revenue growth, wealth management net new asset growth at 4%+, and a $200 billion increase in markets balance sheet exposure.
Capital allocation strategy focuses on returning all incremental earnings via dividends and share repurchases, keeping CET1/TCE ratios largely flat (drifting from ~12% to ~11.3%) ahead of upcoming regulatory recalibrations.

Feb 10, 2026, 1:00 PM

Transcript

Société Générale posts record 2025 results, €2.7bn distribution

BAC

Earnings

Dividends

Share Buyback

Record 2025 results: group revenues of €27.3 bn and net income near €6.0 bn, lifting return on tangible equity to 10.2%
Strong Q4 momentum: net income of €1.4 bn (+36% yoy), revenues up 6.8% yoy excluding disposals, and cost-to-income ratio improved to 64.6% from 69.4%
Cost-efficiency and growth: 2025 revenues excluding disposals rose 7%, more than double the prior 3% target, driven by a like-for-like 2% reduction in operating costs
Shareholder distribution: proposed €2.7 bn ordinary payout (including €1.61 DPS and €1 bn buyback, a 54% increase vs. 2024) with an administrative pause on extraordinary buybacks

Feb 6, 2026, 10:25 AM

WSJ

Bank of America redeems Series DD preferred stock

BAC

Dividends

Bank of America will redeem all outstanding Series DD Preferred Stock and related depositary shares on March 10, 2026, at $1,000 per depositary share.
A $31.50 dividend per depositary share for the period from September 10, 2025 to March 10, 2026 will be paid on March 10, 2026 to holders of record on February 15, 2026; dividends will cease to accrue on the redemption date.
Redemption will be processed through the Depository Trust Company, with Computershare Inc. and Computershare Trust Company, N.A. serving as redemption agents.

Feb 5, 2026, 9:15 PM

Press Release

Bank of America reports Q4 2025 results

BAC

Earnings

Guidance Update

Accounting Changes

7% year-over-year revenue growth to $28.4 B, driven by net interest income of $15.9 B, market-facing fees of $10.4 B, and net income of $7.6 B or $0.98 EPS (+18% YoY).
Maintained flat headcount and disciplined expense management, achieving operating leverage through digitalization and AI-driven productivity improvements.
Segment highlights: Consumer Banking revenue $11.2 B (+5%) with net income $3.3 B (+17%); Wealth Management revenue $25 B (+9%) with net income $4.7 B (+10%); Global Markets record revenue $24 B (+10%); Global Banking net income $7.8 B.
Expanded digital and AI adoption: Zelle and Erica engagement grew across businesses, and AI-enabled coding automation boosted developer productivity by 30% among 18,000 engineers.
2026 outlook: net interest income growth of 5%–7%, operating leverage of 200+ bps, and an effective tax rate near 20%.

Jan 14, 2026, 1:30 PM

Transcript

Bank of America reports Q4 2025 results

BAC

Earnings

Guidance Update

Net income of $7.6 billion and EPS of $0.98, up 12% and 18% year-over-year, on 7% revenue growth in Q4 2025.
Net interest income of $15.9 billion (+10% YoY); average loans grew 8% and average deposits grew 3% YoY.
Returned $8.4 billion of capital in Q4, including $6.3 billion in share repurchases and $2.1 billion in dividends.
FY 2025: Revenue ~$113 billion (+7%), net income +13%, EPS of $3.81 (+19%), and > $30 billion of capital returned.
2026 outlook: 5–7% net interest income growth, ~4% Q1 expense growth, and ~200 basis points of operating leverage.

Jan 14, 2026, 1:30 PM

Transcript

Bank of America reports Q4 2025 results

BAC

Earnings

Bank of America posted net income of $7.6 B, EPS of $0.98, with 10.4% ROE and 14.0% ROTCE in 4Q25.
Revenue (net of interest expense) rose 7% YoY to $28.4 B, driven by $15.8 B in net interest income (+10% YoY) and gains in asset management and sales & trading.
Provision for credit losses was $1.3 B and net charge-offs $1.3 B, with allowance for loan and lease losses at 1.12% of total loans, reflecting stable credit quality.
Efficiency ratio improved to 61% as noninterest expense reached $17.4 B (+4% YoY); average deposits were $2.01 T (+3% YoY) and loans $1.17 T (+8% YoY).
Common Equity Tier 1 ratio remained strong at 11.4%, well above regulatory minimums, with $975 B in average global liquidity sources.