Summary
Bank of America Corporation (BAC) announced on February 12, 2026, that its Board of Directors has approved the 2025 total compensation for Chair and CEO Brian T. Moynihan, setting it at $41,000,000. This represents an increase from his 2024 total compensation of $35,000,000. The Board cited Mr. Moynihan's leadership in driving significant shareholder growth, as well as his contributions to community and employee support, as key factors in this decision. The executive compensation is structured with a base salary of $1.5 million remaining unchanged, and no cash bonus. The majority of his compensation, $39.5 million, is in the form of equity incentives. This includes a mix of time-based restricted stock units (RSUs) and performance RSUs, with a significant portion tied to future performance targets for 2026-2028. The performance-based awards have increased performance standards and an opportunity for up to 150% payout for exceptional future results, emphasizing the company's focus on long-term, responsible growth and alignment with shareholder interests.
Key Highlights
- 1CEO Brian T. Moynihan's total compensation for 2025 was approved at $41,000,000, an increase from $35,000,000 in 2024.
- 2The compensation increase reflects leadership in 2025, marked by 13% net income growth ($30.5 billion) and 19% diluted EPS growth ($3.81).
- 3Revenue grew 7% to $113.1 billion, driven by record net interest income and strong performance in markets-facing businesses.
- 4Disciplined expense management led to a 147 basis point improvement in the efficiency ratio to 62%.
- 5Bank of America's stock price increased by 25% in 2025, reaching an all-time high, with market capitalization up 19%.
- 6The CEO's compensation includes a base salary of $1.5 million (unchanged) and $39.5 million in equity incentives, composed of time-based and performance-based RSUs.
- 7Performance RSUs for 2025 are contingent on re-earning through achievement of specific 2026-2028 financial performance targets, with elevated standards and upside potential.