BAC SEC Filings

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.

Bank of America Corporation (BAC) has filed an 8-K report detailing its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a fourth quarter net income of $7.6 billion, translating to $0.98 per diluted share. For the full year, BAC achieved a net income of $30.5 billion, or $3.81 per diluted share. These results are significant for investors as they provide a snapshot of the company's profitability and operational performance over the most recent reporting periods. The filing also indicates that BAC will host an investor conference call and webcast on January 14, 2026, to discuss these results. Accompanying the press release are additional presentation and supplemental information materials made available on the company's website. Investors should note that while the results of operations are deemed 'filed', the supplemental and presentation materials, although incorporated by reference, are generally furnished and not considered 'filed' for Section 18 purposes, meaning they carry less legal weight regarding forward-looking statements under that specific section.

Bank of America Corporation (BAC) has announced a change in its accounting methods for certain tax-related equity investments, specifically those in affordable housing, eligible wind renewable energy, and solar renewable energy projects. The company is shifting from the equity method to the proportional amortization method (PAM) for its affordable housing and wind energy investments, and changing its recognition of investment tax credits (ITCs) for solar energy investments. These changes are intended to better align financial statement presentation with the economic impact of these investments, primarily resulting in reclassifications between income statement line items rather than a material impact on net income on an annualized basis. While the core net income is largely unaffected, these accounting adjustments have led to a retrospective decrease in retained earnings by $1.7 billion as of September 30, 2025. Importantly, the company notes that it is not required to revise previously filed regulatory capital ratios. However, the cumulative impact would have hypothetically decreased Common Equity Tier 1 (CET1) capital by an estimated $2.1 billion, reducing the CET1 ratio by 13 basis points as of the same date. The effective tax rate for Q3 2025 would also have been higher under the new method.

This 8-K filing from Bank of America Corporation (BAC) announces a change in the designation of certain senior management personnel. Effective December 31, 2025, four individuals – Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, and Eric A. Schimpf – will no longer be designated as "executive officers" as defined by SEC rules. This change follows the earlier announcement of Dean C. Athanasia and James P. DeMare's appointment as Co-Presidents, responsible for the Corporation's business lines. While not an indication of departure from the company, this reclassification streamlines the reporting structure and may align with the new Co-President roles. Investors should note that these individuals, including Matthew M. Koder who was a named executive officer in the prior proxy statement, will maintain their current leadership positions. The filing primarily serves to update the Corporation's list of official executive officers for regulatory purposes, ensuring transparency in reporting key management personnel.

Bank of America Corporation (BAC) reported a strong third quarter of 2025, demonstrating robust financial performance across its key segments. Net income increased significantly year-over-year, driven by higher net interest income and noninterest income, coupled with a lower provision for credit losses. Total assets grew, supported by increased loans and leases, while deposits also saw a healthy rise, underscoring a stable funding base. The company maintained solid capital ratios, exceeding regulatory minimums, and continued to return capital to shareholders through dividends and share repurchases. The Consumer Banking segment showed notable growth in net income, benefiting from higher revenue and lower credit loss provisions. Global Wealth & Investment Management also delivered solid results, with increased revenue primarily from asset management fees, reflecting positive market valuations and client flows. Global Banking experienced higher revenue driven by investment banking fees and treasury services, although net interest income saw a slight decline due to lower interest rates. Global Markets reported increased net income driven by higher sales and trading revenue. Overall, the results indicate a resilient business model and effective management of various market conditions.

This 8-K filing by Bank of America Corporation (BAC) primarily concerns the registration of new debt securities under its existing Form S-3 shelf registration statement. Specifically, it includes legal opinions from Sidley Austin LLP regarding the validity of "Medium-Term Notes, Series P" offered by Bank of America Corporation and "Medium Term Notes, Series A" offered by BofA Finance LLC, along with the Corporation's guarantees for the latter. This filing does not disclose new financial results, operational changes, or material events impacting the company's performance. Instead, it serves as a procedural update related to its ongoing debt issuance capabilities.

Bank of America Corporation (BAC) has filed an 8-K report detailing its third quarter 2025 financial results. The company announced a net income of $8.5 billion, or $1.06 per diluted share, for the quarter ended September 30, 2025. This filing serves as the official notification of these results, with a press release attached as an exhibit for further detail. Investors should note that this information is considered "filed" for regulatory purposes. In addition to the earnings release, BAC is also providing supplemental materials and presentation slides related to its Q3 2025 performance and other relevant corporate information. These materials will be discussed during an investor conference call and webcast scheduled for October 15, 2025. While the press release is formally filed, the supplemental information and presentation materials are furnished, meaning they are not considered "filed" under Section 18 of the Securities Exchange Act of 1934.

Bank of America Corporation (BAC) has announced significant executive leadership changes effective immediately as of September 12, 2025. The company has appointed Dean C. Athanasia, currently President of Regional Banking, and James P. DeMare, President of Global Markets, to serve as Co-Presidents of the Corporation. This move elevates two key leaders to a more prominent, unified leadership role, suggesting a potential strategic shift towards integrated management across major business segments. Additionally, Alastair M. Borthwick, who has been serving as the Chief Financial Officer since November 2021, has been appointed as Executive Vice President while retaining his CFO responsibilities. These appointments reflect the company's ongoing efforts to strengthen its senior management team and ensure continuity and strategic direction at the highest levels. Investors should monitor how this new co-presidency structure impacts operational efficiency and future strategic decisions.

Bank of America Corporation (BAC) announced significant leadership changes in an 8-K filing dated September 12, 2025. The company has appointed Dean C. Athanasia, formerly President of Regional Banking, and James P. DeMare, formerly President of Global Markets, as Co-Presidents of the Corporation. This move consolidates key operational leadership under two senior executives, potentially signaling a strategic focus on integrated growth across the bank's core business segments. Furthermore, Alastair M. Borthwick, the current Chief Financial Officer, has been assigned the additional title of Executive Vice President. These appointments are effective immediately as of the filing date. Investors should monitor how these leadership transitions impact strategic direction and operational execution in the coming quarters.

Bank of America Corporation (BAC) reported solid financial results for the second quarter of 2025, with net income increasing year-over-year driven by higher net interest income and noninterest income across its key business segments. The company's total assets grew to $3.4 trillion, supported by increased securities and loan balances. Profitability metrics such as Return on Average Tangible Common Shareholders' Equity remained robust, reflecting effective operational management. Capital management remains a focus, with the company maintaining strong capital ratios that exceed regulatory minimums. The bank also continues to return capital to shareholders through dividends and share repurchases, demonstrating confidence in its financial health and future prospects. Investors should note the slight increase in provision for credit losses, primarily linked to the credit card portfolio amidst a dampened macroeconomic outlook, though overall asset quality appears stable.

Bank of America Corporation (BAC) has filed an 8-K report detailing the issuance and sale of a new series of preferred stock, specifically the 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU. This filing primarily concerns the establishment of the terms and conditions of this new series, including its par value, liquidation preference, and dividend rate. Importantly, the issuance of this Series UU Preferred Stock introduces restrictions on the company's ability to pay dividends on, or repurchase, its common stock or other parity or junior preferred stock if it fails to meet its dividend obligations on the new Series UU Preferred Stock. This aims to protect the rights of the Series UU Preferred Stock holders by prioritizing their dividend payments. In addition to establishing the Series UU Preferred Stock, Bank of America has also sold 2,500,000 Depositary Shares, each representing a fractional interest in the Series UU Preferred Stock. This transaction, conducted under a prospectus supplement, allows investors to gain exposure to the Series UU Preferred Stock through more accessible units. The filing includes various exhibits such as the underwriting agreement, certificate of designations, deposit agreement, and legal opinions, providing a comprehensive view of the transaction's legal and financial underpinnings.

Bank of America Corporation (BAC) has announced significant capital return initiatives through an 8-K filing dated July 23, 2025. The company's Board of Directors has authorized a new $40 billion common stock repurchase program, set to commence on August 1, 2025. This program will replace the existing repurchase plan, which expires on the same date. This substantial buyback authorization signals management's confidence in the company's financial position and its commitment to enhancing shareholder value.

Bank of America Corporation (BAC) has filed an 8-K report detailing its second quarter 2025 financial results, which concluded on June 30, 2025. The company announced a net income of $7.1 billion for the quarter, translating to $0.89 per diluted share. This report primarily serves to officially announce these results and provide investors with access to the related press release, presentation materials, and supplemental financial information. Investors should note that while the core financial figures are presented, this 8-K is an informational filing. A conference call and webcast are scheduled for July 16, 2025, to further discuss these results. Additional details and context will be provided during this investor event, and it's recommended that stakeholders review the attached exhibits for a comprehensive understanding of the quarter's performance.

Bank of America Corporation (BAC) has filed an 8-K report detailing two significant announcements: a planned increase in its quarterly common stock dividend and updated information regarding its capital ratios following the Federal Reserve's 2025 Comprehensive Capital Analysis and Review (CCAR). The planned dividend increase, subject to Board approval, signals management's confidence in the company's financial stability and its commitment to returning capital to shareholders. Investors should note that this increase is expected to take effect starting in the third quarter of 2025. The CCAR results indicate an improvement in Bank of America's capital position. The preliminary stress capital buffer (SCB) is projected to improve by 70 basis points to 2.5%, setting a new CET1 minimum requirement of 10.0% effective October 1, 2025. Furthermore, should proposed modifications to the SCB calculation be adopted, the company's CET1 minimum ratio could be 10.2% effective January 1, 2026. These capital levels remain well above the current minimums, demonstrating the bank's robust capital adequacy.

Bank of America Corporation (BAC) reported a solid first quarter of 2025, with net income increasing to $7.4 billion, or $0.90 per diluted share, up from $6.7 billion, or $0.76 per diluted share, in the same period last year. This growth was driven by higher net interest income and noninterest income, reflecting strong performance across key business segments, particularly Global Wealth & Investment Management and Global Markets. The company maintained robust capital levels, with a Common Equity Tier 1 (CET1) capital ratio of 11.8% under the Standardized approach, exceeding regulatory minimums. Total assets grew to $3.3 trillion, supported by increases in securities borrowed/sold under agreements to resell and trading account assets, alongside loan growth. Total deposits also saw a healthy increase. The company announced a quarterly common stock dividend of $0.26 per share, underscoring its commitment to returning capital to shareholders. While the bank demonstrated strong operational performance, investors should note the increase in provision for credit losses, primarily driven by the credit card portfolio, and the rise in noninterest expense, partly due to investments in people, technology, and operations. The company's risk management framework remains robust, with all major capital ratios well above regulatory requirements. The report also highlights the bank's strategic focus on digital engagement and network optimization, evidenced by increased active mobile banking users and a continued, though modest, reduction in physical financial centers and ATMs.

Bank of America Corporation (BAC) has filed an 8-K report detailing significant actions related to its preferred stock. On April 29, 2025, the company formally issued 120,000 shares of its Series OO Preferred Stock. This issuance is accompanied by a Certificate of Designations, which establishes the specific terms and conditions of this new class of preferred stock, including its liquidation preference of $25,000 per share and a fixed dividend rate of 6.625%. Crucially, the terms of the Series OO Preferred Stock impose restrictions on BAC's ability to pay dividends on or repurchase its common stock and other parity or junior preferred stock if it fails to make full dividend payments on the Series OO Preferred Stock. This filing also notes the sale of 3,000,000 Depositary Shares, each representing a fractional interest in the Series OO Preferred Stock, indicating a completed offering of this new capital instrument to investors.

This 8-K filing from Bank of America Corporation (BAC) details the outcomes of its 2025 Annual Meeting of Shareholders held on April 22, 2025. The most significant event for investors is the shareholder approval of the amendment and restatement of the Bank of America Corporation Equity Plan. Key changes to the plan include an increase in the number of shares available for grant by 100 million, a new limit of $1 million in annual share and cash compensation for non-employee directors (with exceptions), and an extension of the plan's expiration date to April 21, 2035. Additionally, the filing confirms that shareholders re-elected all director nominees, approved the advisory vote on executive compensation ('Say on Pay'), and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor. Several shareholder proposals concerning director nomination practices, animal welfare risk oversight, lobbying alignment with climate goals, and energy financing ratios were not approved by the shareholders.

Bank of America Corporation (BAC) has filed an 8-K report detailing its first quarter 2025 financial results. The company reported a net income of $7.4 billion, translating to $0.90 per diluted share for the quarter ended March 31, 2025. This filing serves as a notification of these results and provides access to the official press release, presentation materials, and supplemental information. Investors should note that the company will host an investor conference call and webcast on April 15, 2025, to further discuss these quarterly results and other related matters. The supplemental materials, including historical and forward-looking information, are available on the company's website and furnished as exhibits to this report. While the press release information is deemed 'filed,' the supplemental materials are furnished and do not carry the same 'filed' status under Section 18 of the Exchange Act.

Bank of America Corporation (BAC) has announced a change in its Chief Accounting Officer role, effective March 1, 2025. Rudolf A. Bless will be stepping down from this position but will remain with the company to facilitate the transition of his successor, Johnbull Okpara. Johnbull Okpara, who joined BAC in November 2024 as Incoming Chief Accounting Officer, has been officially appointed as the new Chief Accounting Officer. Mr. Okpara brings extensive experience from his previous roles, including Chief Accounting Officer and Controller at Citigroup Inc. and senior financial positions at Morgan Stanley. His compensation package for the 2025 performance year includes an annual salary of $600,000 and an incentive award of at least $5,400,000, pending Compensation and Human Capital Committee approval.

Bank of America Corporation (BAC) reported its financial results for the fiscal year ending December 30, 2024. The company demonstrated resilience, with total revenue reaching $101.9 billion, an increase from $98.6 billion in the prior year. Net income rose to $27.1 billion, or $3.21 per diluted share, compared to $26.5 billion, or $3.08 per diluted share, in 2023. This growth was primarily driven by a significant increase in noninterest income, particularly from investment and brokerage services and investment banking fees, which more than offset a decrease in net interest income and higher provision for credit losses. The balance sheet remained robust, with total assets growing to $3.3 trillion. Deposits increased by $41.6 billion, reflecting growth in commercial client balances and time deposits. Capital management remained a focus, with BAC maintaining strong capital ratios above regulatory minimums. The company continued its capital return strategy, repurchasing $13.1 billion of common stock during the year and declaring a quarterly dividend of $0.26 per share. Despite an increase in provision for credit losses driven by loan growth and some asset quality deterioration, particularly in the commercial real estate office and credit card portfolios, overall credit metrics remained manageable.

Bank of America Corporation announced the 2024 total compensation for its Chair and CEO, Brian T. Moynihan, has been approved at $35 million, an increase from $29 million in 2023. This decision by the Board of Directors reflects the company's "Responsible Growth" achievements in 2024, including a 30% increase in share price and $27.1 billion in net income. The compensation is structured entirely as equity incentives, with no cash bonus, comprising time-based and performance-based restricted stock units, subject to stock ownership and clawback policies. The company highlighted strong financial and operational performance in 2024. Key drivers included a 3% revenue growth to nearly $102 billion, stable credit costs, and significant organic loan and deposit growth outpacing industry averages. Bank of America also returned $21 billion to shareholders through dividends and repurchases, a 75% increase from the prior year, and expanded its investment in technology and talent. Client growth was robust, with one million net new consumer checking accounts and record sales and trading revenue in Global Markets.

Bank of America Corporation (BAC) announced a significant addition to its Board of Directors with the appointment of Maria N. Martinez, effective January 29, 2025. Ms. Martinez brings extensive experience as the former executive vice president and chief operating officer of Cisco Systems, Inc., a background that is likely to be valuable for the company's strategic direction and governance. Her appointment strengthens the Board's expertise in key areas, as she will also serve on the Corporate Governance, ESG, and Sustainability Committee and the Enterprise Risk Committee. Investors should note that Ms. Martinez will be compensated according to the standard non-employee director program, which includes restricted stock and cash awards. The exact amount will be prorated based on her start date relative to the next annual shareholders' meeting. This move signals a commitment to robust board oversight and potentially enhances the company's focus on critical governance and risk management issues.

Bank of America Corporation (BAC) has filed an 8-K report disclosing its financial results for the fourth quarter and the full year ended December 31, 2024. For the fourth quarter, the company reported net income of $6.7 billion, or $0.82 per diluted share. The full-year net income reached $27.1 billion, translating to $3.21 per diluted share. These results were formally announced on January 16, 2025, and are detailed in an accompanying press release (Exhibit 99.1). In addition to the financial results, BAC announced an investor conference call and webcast to further discuss these earnings and other corporate matters on January 16, 2025. The company has also made available presentation materials and supplemental financial information on its website, providing further historical and forward-looking data. Investors should refer to these exhibits and the press release for a comprehensive understanding of the company's performance and outlook.

Bank of America Corporation (BAC) reported its financial results for the period ending September 29, 2024. The company experienced a decrease in net income for both the three and nine-month periods compared to the prior year, primarily driven by higher noninterest expenses and a greater provision for credit losses. Total revenue remained relatively stable for the three-month period, but saw a slight decrease year-to-date. The company's capital position remains strong, with a Common Equity Tier 1 (CET1) capital ratio of 11.8% under the Standardized approach, exceeding regulatory requirements. Key business segments showed varied performance. Global Markets saw an increase in net income due to higher revenue, while Global Banking experienced a decrease driven by higher provision for credit losses and lower revenue. Consumer Banking and Global Wealth & Investment Management (GWIM) also reported decreases in net income due to higher expenses and, in Consumer Banking's case, lower revenue. The company continued its capital return strategy, authorizing a $25 billion common stock repurchase program and declaring a quarterly dividend. Investors should note the ongoing focus on managing credit risk, particularly within the commercial real estate office portfolio and credit card loans, which contributed to the increased provision for credit losses.

Bank of America Corporation (BAC) has filed an 8-K report announcing its financial results for the third quarter ended September 30, 2024. The company reported a net income of $6.9 billion, translating to $0.81 per diluted share. This filing primarily serves to incorporate by reference the press release detailing these results, along with supplemental investor presentation materials and additional financial information. These materials, including a press release (Exhibit 99.1), presentation materials (Exhibit 99.2), and supplemental information (Exhibit 99.3), were made available on October 15, 2024. The company also scheduled an investor conference call and webcast to discuss these results. Investors should refer to the attached exhibits for a comprehensive understanding of BAC's third-quarter performance and outlook.

Bank of America Corporation (BAC) reported its second quarter 2024 financial results, revealing a mixed performance characterized by a slight decrease in net income driven by increased expenses and provisions for credit losses. While total revenue saw a modest increase, net interest income experienced a decline due to higher deposit costs. Conversely, noninterest income benefited from growth in investment and brokerage services and investment banking fees. The company's capital position remains strong, with its Common Equity Tier 1 (CET1) ratio exceeding regulatory requirements. BAC also announced a new $25 billion common stock repurchase program and a 8% increase in its quarterly dividend, signaling confidence in its financial health and commitment to returning capital to shareholders. Management highlighted increased client balances in Global Wealth & Investment Management and growth in credit card purchase volumes, though some segments like Consumer Banking and Global Banking showed revenue declines, partly due to higher provision for credit losses, especially in the commercial real estate office portfolio. Looking ahead, the company is navigating a dynamic economic environment with elevated interest rates and inflationary pressures, which are impacting net interest margins and increasing credit loss provisions. Despite these headwinds, BAC's diversified business model, strong liquidity position, and ongoing capital management actions, including the announced share repurchase program and dividend increase, provide a solid foundation. Investors should monitor the impact of interest rate sensitivity on net interest income and the ongoing management of credit risk, particularly in vulnerable sectors like commercial real estate.

Bank of America Corporation (BAC) announced on July 24, 2024, a significant update to its capital return strategy through a press release filed with the SEC. The Board of Directors has authorized a new $25 billion common stock repurchase program, set to commence on August 1, 2024. This new program will supersede the existing one, which was originally adopted in October 2021 and modified in September 2023, and is set to expire on the same date the new program begins. In addition to the substantial share buyback authorization, the Board also declared the regular quarterly cash dividend on its common stock, maintaining it at $0.26 per share. A quarterly dividend of $1.75 per share was also declared for the 7% Cumulative Redeemable Preferred Stock, Series B. These actions demonstrate the company's commitment to returning capital to shareholders through both buybacks and consistent dividend payments.

Bank of America Corporation (BAC) has filed an 8-K report on July 16, 2024, announcing its financial results for the second quarter ended June 30, 2024. The company reported a net income of $6.9 billion, or $0.83 per diluted share, for the quarter. This report primarily serves to formally disclose these results, which were also detailed in a press release incorporated by reference as Exhibit 99.1. In addition to the earnings announcement, BAC will hold an investor conference call and webcast on July 16, 2024, to discuss these results and other company matters. The company has also made available supplementary presentation materials and additional financial information on its website, furnished as Exhibits 99.2 and 99.3. Investors should note that while the earnings press release (Exhibit 99.1) is deemed "filed" for Section 18 purposes, the presentation and supplemental information (Exhibits 99.2 and 99.3) are furnished and not considered "filed" in the same manner, though they are incorporated by reference.

This 8-K filing from Bank of America Corporation (BAC) reports on amendments made to the company's Bylaws by its Board of Directors on June 26, 2024. The changes are primarily focused on clarifying and updating governance procedures related to stockholder meetings, director nominations, and proposed business. Key amendments enhance the Board's discretion and clarify requirements for stockholders seeking to propose business or nominate directors, including provisions for remote meetings, voting thresholds, and proxy access.

Bank of America Corporation (BAC) has announced plans to increase its quarterly common stock dividend to $0.26 per share from $0.24 per share, effective in the third quarter of 2024, subject to Board of Directors approval. This move signals confidence in the company's financial stability and commitment to returning capital to shareholders. Additionally, the company disclosed its results from the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR). Based on these results, BAC's stress capital buffer (SCB) will be set at 3.2% and its CET1 minimum requirement will be 10.7% upon finalization, effective from October 1, 2024, through September 30, 2025. The company's current CET1 ratio of 11.9% as of March 31, 2024, comfortably exceeds its existing regulatory minimum, indicating robust capital adequacy.

Bank of America Corporation (BAC) has filed an 8-K report to announce a significant change in its debt instrument referencing mechanisms. Effective after June 28, 2024, the Canadian dollar Bankers' Acceptance Rate (CDOR) for a three-month tenor will be replaced by the Fallback Rate (CORRA) as the base rate for certain outstanding floating-rate and fixed-to-floating rate debt securities. This transition is mandated by the cessation of CDOR publication by its administrator, Refinitiv Benchmark Services (UK) Limited, with the final publication scheduled for June 28, 2024. In addition to the benchmark replacement, the Corporation also indicated its intention to redeem a specific series of fixed-to-floating rate debt securities that currently reference Three-Month CDOR. Investors holding these affected debt securities should carefully review the details provided in the press release, which is attached as an exhibit to this filing, for specific information regarding the securities impacted and the upcoming redemption process. The company will issue a separate, formal notice of redemption in accordance with the terms of the debt securities and governing indentures.

Bank of America Corporation (BAC) has filed an 8-K to disclose a response to an unsolicited "mini-tender" offer from Tutanota LLC. Tutanota is offering to purchase up to 1,000,000 shares of BAC common stock at $40.00 per share. This offer is contingent on the closing stock price exceeding $40.00 on the last trading day before the offer expires, which is scheduled for May 31, 2024. The corporation explicitly states it does not endorse this mini-tender offer and strongly recommends that its shareholders do not tender their shares. Bank of America is not affiliated with Tutanota or its offer. The number of shares Tutanota seeks to acquire represents a very small fraction (approximately 0.01%) of BAC's outstanding common stock, indicating this is unlikely to have any material impact on the company or its shareholders. Investors who have already tendered shares are advised they can withdraw them before the offer's expiration.

Bank of America Corporation (BAC) reported its first-quarter 2024 results, showing a net income of $6.7 billion, or $0.76 per diluted share, a decrease from $8.2 billion, or $0.94 per diluted share, in the first quarter of 2023. This decline was attributed to higher noninterest expense, lower revenue, and an increased provision for credit losses. Total assets grew to $3.3 trillion, driven by trading account assets and securities, while total deposits also saw an increase to $1.95 trillion, supported by time deposit growth and seasonal inflows. Key factors impacting profitability included a $700 million charge for the FDIC special assessment related to bank failures in the previous year, which contributed significantly to the rise in noninterest expense. Net interest income experienced a slight decrease year-over-year, impacted by higher deposit and funding costs, though this was partially offset by higher asset yields and Global Markets activity. Fee and commission income saw growth, primarily from investment and brokerage services and investment banking, but this was largely offset by a decrease in market-making activities. From a capital management perspective, Bank of America maintained strong regulatory capital ratios, with its Common Equity Tier 1 (CET1) ratio at 11.9% under the Standardized approach, exceeding regulatory requirements. The company also declared a quarterly common stock dividend of $0.24 per share, signaling continued commitment to returning capital to shareholders. Despite the year-over-year decrease in net income, the bank demonstrated resilience through its diversified business segments and robust capital position.

This 8-K filing from Bank of America Corporation (BAC) details the outcomes of its 2024 Annual Meeting of Shareholders held on April 24, 2024. The most significant event for investors is the shareholder approval to amend and restate the Bank of America Corporation Equity Plan, which includes an increase in the number of shares available for grant by 100 million. This action is crucial for the company's ability to attract and retain talent through equity-based compensation in the future. Furthermore, the filing confirms that shareholders elected all director nominees, approved the advisory "Say on Pay" vote regarding executive compensation, and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2024. Several shareholder proposals were voted down, indicating a divergence of opinion between management and a portion of the shareholder base on specific governance and policy matters.

Bank of America Corporation (BAC) has filed an 8-K report detailing its first-quarter 2024 financial results. The company reported a net income of $6.7 billion, translating to $0.76 per diluted share. This filing serves as the official announcement of these results, with the detailed press release incorporated by reference. In addition to the earnings release, BAC also announced an investor conference call and webcast to discuss these results and other relevant matters. The company has also made available supplementary presentation materials and financial information on its website, providing investors with further insights into its performance and outlook. Investors should refer to the press release (Exhibit 99.1) for comprehensive details on the quarter's financial condition and results of operations.

Bank of America Corporation (BAC) reported a solid financial performance for the fiscal year ended December 30, 2023, characterized by increased net interest income, reflecting benefits from higher interest rates and loan growth. Despite a slight decrease in net income compared to the prior year, primarily due to higher noninterest expenses and provisions for credit losses, the company maintained a strong capital position. Key developments during the period included a substantial FDIC special assessment charge and a non-cash charge related to the cessation of the BSBY index. The company continued its capital return strategy through dividends and share repurchases, underscoring its commitment to shareholder value while navigating a dynamic economic environment marked by elevated interest rates and geopolitical uncertainties.

Bank of America Corporation (BAC) announced in an 8-K filing that its Board of Directors approved 2023 total compensation for Chair and CEO Brian T. Moynihan of $29,000,000, a slight decrease from $30,000,000 in 2022. This decision was based on the Board's evaluation of the company's performance and Mr. Moynihan's leadership amidst economic uncertainty, under the "Responsible Growth" operating model. The company reported $26.5 billion in net income for 2023, which included significant pre-tax charges totaling $3.7 billion related to the FDIC special assessment and a Bloomberg Short-Term Bank Yield Index cessation. Excluding these items, net income was $29.3 billion, a 6% increase year-over-year, reflecting strong organic growth and diligent expense management.

Bank of America Corporation (BAC) has filed an 8-K report detailing its fourth quarter and full-year 2023 financial results, announced on January 12, 2024. For the fourth quarter, the company reported a net income of $3.1 billion, translating to $0.35 per diluted share. For the full fiscal year 2023, BAC achieved a net income of $26.5 billion, or $3.08 per diluted share. These results are further elaborated in the accompanying press release and additional supplemental information made available by the company.

This 8-K filing from Bank of America Corporation (BAC) discloses a significant one-time, non-cash, pre-tax charge of approximately $1.6 billion recognized in the fourth quarter of 2023. This charge is a result of accounting adjustments related to the transition away from the London Interbank Offered Rate (LIBOR) and its successor, the Bloomberg Short-Term Bank Yield Index (BSBY). The cessation of BSBY necessitated the de-designation of certain interest rate swaps used in cash flow hedges for BSBY-indexed loans, leading to the reclassification of amounts from accumulated other comprehensive income into earnings. While this charge impacts reported earnings for the fourth quarter of 2023 and temporarily reduced the Common Equity Tier 1 (CET1) ratio by eight basis points, the company emphasizes that it is non-cash and that the economics of the underlying loans are not fundamentally altered. The $1.6 billion is expected to be recognized back into interest income over subsequent periods, largely through 2026, as the loans transition to the Secured Overnight Financing Rate (SOFR). Investors should note that the company will officially report its full fourth-quarter 2023 financial results on January 12, 2024.

Bank of America Corporation (BAC) reported solid financial results for the third quarter of 2023. Net income increased year-over-year, driven by higher net interest income and noninterest income, although partially offset by increased provision for credit losses and noninterest expense. The company's total assets grew, supported by higher cash and securities financing activities. Deposits saw a slight decline, attributed to customer spending, debt payments, and a shift to higher-yielding investments. Capital ratios remain strong, with the Common Equity Tier 1 (CET1) capital ratio exceeding regulatory minimums. Key performance indicators highlight improved profitability metrics, with return on average tangible common shareholders' equity increasing compared to the prior year. The company continues to manage its risk framework effectively, maintaining robust capital and liquidity positions. Management highlighted the impact of higher interest rates on net interest income, while also noting increased funding costs. The company's diversified business segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, all contributed to the overall financial performance.

Bank of America Corporation (BAC) has filed an 8-K report detailing its financial results for the third quarter ended September 30, 2023. The company reported a net income of $7.8 billion, translating to $0.90 per diluted share. This filing incorporates by reference the press release announcing these results, which is available on the company's website and will be further discussed during an investor conference call and webcast on October 17, 2023. In addition to the press release, BAC has also made available presentation materials and supplemental information regarding its third-quarter performance. These materials, furnished as exhibits, provide further details and context for investors. While the press release information is considered "filed" for regulatory purposes, the presentation and supplemental materials are furnished and do not carry the same "filed" status, meaning the company does not undertake to update this information.

This 8-K filing from Bank of America Corporation (BAC) reports a significant event: the passing of a long-standing member of its Board of Directors, Frank P. Bramble, Sr. Mr. Bramble had been a director since 2006, indicating a substantial tenure and likely deep involvement in the company's strategic decisions and governance over the years. While this news pertains to the composition of the Board, it does not directly relate to the company's financial performance or operational results. Investors should note this change in board membership as it may lead to future board restructuring or the appointment of a new director. However, the immediate impact on BAC's financial standing or business operations is not detailed in this specific filing.

Bank of America Corporation reported solid financial results for the second quarter and first half of 2023. Net income significantly increased year-over-year, driven by strong net interest income benefiting from higher interest rates and loan growth, alongside robust noninterest income, particularly in market-making activities. While the bank experienced higher noninterest expenses and a notable increase in the provision for credit losses, largely due to credit card loan growth and asset quality concerns, overall profitability remained strong. Capital management initiatives, including a dividend increase and share repurchases, demonstrate a commitment to shareholder returns. The bank's capital ratios remain well above regulatory minimums, indicating a sound financial position. Investors should monitor the ongoing impact of macroeconomic conditions, particularly concerning credit quality in certain portfolios and the evolving interest rate environment.

Bank of America Corporation (BAC) filed an 8-K on July 18, 2023, to report its financial results for the second quarter ended June 30, 2023. The company announced a net income of $7.4 billion, or $0.88 per diluted share for the quarter. This filing primarily serves to attach the press release detailing these results and to provide information regarding an investor conference call and webcast scheduled to discuss these results. Investors should note that while the press release itself is incorporated by reference and deemed "filed" for the purposes of Section 18 of the Securities Exchange Act, additional presentation materials and supplemental information furnished in this report (Exhibits 99.2 and 99.3) are not considered "filed" and do not carry the same legal implications. The company also indicated that it has no obligation to update any information provided in these furnished exhibits.

Bank of America Corporation (BAC) announced on July 5, 2023, its intention to increase its quarterly common stock dividend. The proposed dividend is set to rise from $0.22 per share to $0.24 per share, effective from the third quarter of 2023. This dividend increase is a positive signal to shareholders, indicating management's confidence in the company's financial health and its ability to generate sufficient returns to reward investors. The announcement suggests that BAC anticipates continued profitability and stability, supporting a higher payout to its owners. While the press release was issued on July 5, 2023, and the filing made on the same day, the increase is contingent upon the approval of the Corporation's Board of Directors. Investors should monitor for official board approval to confirm the dividend hike. This planned increase in dividend payout is a key piece of information for income-focused investors and signals a potential for enhanced shareholder returns in the near term.

Bank of America Corporation (BAC) has filed an 8-K report detailing an important update regarding its outstanding debt securities and certificates of deposit that are linked to USD LIBOR ICE Swap Rate benchmarks. Following the cessation of LIBOR, interest rates and payments for these specific financial instruments will be determined by established fallback provisions after June 30, 2023. This action is a proactive measure to ensure continued functionality and clarity for these securities as the financial markets transition away from LIBOR. Investors holding these particular debt securities or certificates of deposit should pay close attention to the information released. The company has provided a press release, incorporated by reference, which lists the affected CUSIP numbers and other pertinent details. This announcement is crucial for understanding how the interest and amounts payable on these instruments will be calculated moving forward, ensuring transparency and compliance with evolving regulatory standards.

Bank of America Corporation (BAC) reported solid financial results for the first quarter of 2023, demonstrating resilience amidst a volatile market environment. Net income increased by 15.5% to $8.2 billion, or $0.94 per diluted share, primarily driven by a significant increase in net interest income resulting from higher interest rates. Despite a one percent decrease in total deposits, largely due to customers seeking higher-yielding alternatives, the company's liquidity and capital positions remained strong, with CET1 capital ratio at 11.4% under the Standardized approach. The bank highlighted its direct exposure to the failed financial institutions in March 2023 was not significant and participated in providing liquidity to First Republic Bank. Key performance indicators showed a notable improvement in efficiency ratio and returns on equity, reflecting effective cost management and operational performance.

This 8-K filing from Bank of America (BAC) details the outcomes of its 2023 Annual Meeting of Shareholders, held on April 25, 2023. The primary focus for investors is the shareholder approval of the amended and restated Bank of America Corporation Equity Plan. This amendment significantly increases the number of shares available for equity awards by 75 million, extends the plan's expiration date to 2033, and reintroduces the ability to use shares withheld for tax purposes for future grants, while also clarifying dividend payout conditions. These changes are designed to ensure the company can continue to incentivize and retain key employees through equity compensation. Additionally, the filing confirms the election of all director nominees and the ratification of PricewaterhouseCoopers LLP as the independent auditor. Shareholders also approved the "Say on Pay" resolution, supporting the company's executive compensation, and voted in favor of holding these advisory votes annually. Most shareholder proposals, particularly those related to environmental and social governance (ESG) matters and board structure, did not pass. The overwhelming support for the equity plan and annual "Say on Pay" votes signals shareholder confidence in the company's governance and executive compensation framework.

Bank of America Corporation (BAC) filed an 8-K on April 18, 2023, reporting its first quarter 2023 financial results. The company announced a net income of $8.2 billion, or $0.94 per diluted share. This report includes a press release detailing these results, as well as presentation materials and supplemental information made available to investors. These materials are available on the company's website and were discussed during an investor conference call and webcast held on the same day. Investors should note that while the press release (Exhibit 99.1) is considered "filed" for purposes of Section 18 of the Securities Exchange Act, the presentation materials and supplemental information (Exhibits 99.2 and 99.3) are furnished and not deemed "filed." This distinction is important for understanding the regulatory treatment of the information provided. The report serves as a primary source for BAC's Q1 2023 financial performance and related investor communications.

Bank of America Corporation (BAC) has announced a significant transition for a portion of its outstanding debt and preferred stock, moving away from the soon-to-be-discontinued U.S. dollar LIBOR. Effective after June 30, 2023, the company will replace LIBOR with CME Term SOFR, plus an applicable spread, as the new reference rate for specific floating rate and fixed-to-floating rate debt securities, preferred stock, and trust preferred securities. This transition applies to securities governed by New York or Delaware law and issued by BAC, BofA Finance LLC, and certain other affiliated entities.