Every material Form 8-K Bank of America has filed with the SEC since November 26, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Bank of America filed documents on October 23, 2026 for a new series of preferred stock, Series WW, with a 7.200% fixed-rate reset non-cumulative dividend and a $25,000 liquidation preference per share. The filing says the bank sold 2,000,000 depositary shares, each representing a 1/25th interest in a Series WW preferred share. Under the terms, dividend payments on common and junior stock would face restrictions if the bank fails to pay full dividends on Series WW.
Issued 80,000 shares of Series WW Preferred Stock on October 23, 2026
Series WW carries a 7.200% fixed-rate reset non-cumulative dividend and a $25,000 liquidation preference per share
Sold 2,000,000 depositary shares, each a 1/25th interest in a Series WW share, under an October 20, 2026 underwriting agreement
If full Series WW dividends are not paid, common stock dividends and buybacks face restrictions
Bank of America's board increased its size from 12 to 14 directors and appointed James Fitterling, former CEO of Dow Inc., and William Thomas, former global chairman and CEO of KPMG International, effective October 21, 2026. The filing describes routine board refreshment, with the new directors compensated under the existing non-employee director program.
Board expanded from 12 to 14 directors; Fitterling and Thomas appointed effective October 21, 2026
Fitterling joins the Enterprise Risk Committee and Compensation and Human Capital Committee; Thomas joins the Audit Committee and Corporate Governance Committee
Both will receive restricted stock and cash awards on October 21, 2026, prorated to the next annual shareholders' meeting
Bank of America reported third-quarter 2026 net income of $6.9 billion, or $0.91 per diluted share, down from $8.3 billion, or $1.04, a year earlier. The results include a $1.2 billion regulatory settlement charge, or $0.17 per share, tied to consent orders over its Bank Secrecy Act and anti-money laundering compliance programs, which shareholders should weigh against the underlying revenue growth of 3%.
Q3 2026 net income $6.9 billion, EPS $0.91, versus $8.3 billion and $1.04 in Q3 2025
Excluding the $1.2 billion regulatory settlement charge, adjusted EPS was $1.08 and adjusted net income was $8.1 billion
Revenue rose 3% to $30.0 billion; net interest income rose 8% to $16.4 billion
Returned $8.3 billion to shareholders: $2.2 billion in dividends and $6.0 billion in buybacks
Bank of America's Board declared a regular quarterly common stock dividend of $0.32 per share, up $0.04 or 14% from the prior quarter. The dividend is payable September 25, 2026 to shareholders of record as of September 4, 2026, and the company said it continues to repurchase stock under a $40 billion authorization.
Quarterly dividend of $0.32 per share, up $0.04 from the prior quarter, an increase of 14%
Dividend payable September 25, 2026 to shareholders of record as of September 4, 2026
In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends
As of June 30, 2026, about $17 billion remained under the current repurchase program
Bank of America reported second quarter 2026 net income of $9.1 billion, or $1.21 per diluted share, up from $7.2 billion, or $0.90 per share, a year earlier. Revenue rose 15% to $31.6 billion, and the company returned $8.0 billion to shareholders through dividends and share repurchases during the quarter.
Net income of $9.1 billion versus $7.2 billion in 2Q25, up 27%
Diluted EPS of $1.21 versus $0.90 a year earlier, up 34%
Revenue of $31.6 billion, up 15%; noninterest expense of $18.6 billion, up 8%
Returned $8.0 billion to shareholders: $2.0 billion in dividends and $6.0 billion in common stock repurchases
Bank of America reported first-quarter 2026 net income of $8.6 billion, or $1.11 per diluted share, compared with $7.4 billion, or $0.89 per share, a year earlier. Revenue rose 7% to $30.3 billion, while noninterest expense rose 4% to $18.5 billion. The company returned $9.3 billion to shareholders in the quarter through dividends and share repurchases.
Net income of $8.6 billion, up 17% from $7.4 billion in 1Q25
Diluted EPS of $1.11 versus $0.89, up 25% year over year
Revenue of $30.3 billion, up 7%; net interest income of $15.7 billion, up 9%
Returned $9.3 billion to shareholders, including about $7.2 billion in share repurchases
The Board approved $41,000,000 in 2025 total compensation for Chair and CEO Brian T. Moynihan, up from $35,000,000 in 2024. The Board cited 2025 results, including net income up 13% to $30.5 billion and diluted EPS up 19% to $3.81, and tied part of the pay to 2026-2028 performance with higher performance standards.
Total 2025 compensation of $41,000,000 versus $35,000,000 in 2024; base salary unchanged at $1.5 million with no cash bonus
2025 net income rose 13% to $30.5 billion; revenue rose 7% to $113.1 billion; diluted EPS rose 19% to $3.81
Performance RSUs must be re-earned on 2026-2028 results; 100% payout requires $92 billion aggregate net income, maximum 150% payout requires $112 billion
Bank of America reported fourth-quarter 2025 net income of $7.6 billion, or $0.98 per diluted share, up from $6.8 billion, or $0.83, a year earlier, and full-year net income of $30.5 billion, or $3.81 per diluted share. Revenue, net of interest expense, rose 7% to $28.4 billion, while noninterest expense rose 4% to $17.4 billion. The company also returned $8.4 billion to shareholders in the quarter, including $6.3 billion in share repurchases.
Q4 2025 net income was $7.6 billion, or $0.98 per diluted share, compared with $6.8 billion, or $0.83, in Q4 2024.
Full-year 2025 net income was $30.5 billion, or $3.81 per diluted share, compared with $27.0 billion, or $3.19, in 2024.
Q4 revenue, net of interest expense, was $28.4 billion, up 7%, while noninterest expense was $17.4 billion, up 4%.
Results reflect a change in accounting for certain tax-related equity investments, applied retrospectively, effective Q4 2025.
Bank of America changed how it accounts for tax-related affordable housing, wind and solar equity investments, moving to the proportional amortization method for housing and wind and changing the timing of investment tax credits for solar. The company says the changes mainly reclassify items between income statement lines, with an insignificant effect on annualized net income, and it has revised prior periods in an exhibit to this filing. Shareholders should note the $1.7 billion reduction in retained earnings as of September 30, 2025, and the estimated higher effective tax rate for the third quarter of 2025.
Noninterest income for the third quarter of 2025 revised to $13.8 billion from $12.9 billion as previously reported, with income tax expense revised to $1.6 billion from $720 million
Retained earnings as of September 30, 2025 decreased $1.7 billion from the previously reported amount
Estimated Common equity tier 1 capital would have decreased $2.1 billion, or 13 basis points of the ratio, as of September 30, 2025; regulatory ratios will not be revised
Estimated effective tax rate for the third quarter of 2025 would have been 20.0%, compared with 10.4% previously reported
On November 20, 2025, Bank of America's Board designated 11 members of management as executive officers under SEC rules, in addition to Chair and CEO Brian T. Moynihan. The Board also determined that four presidents, including Matthew M. Koder, will stop being designated executive officers effective December 31, 2025, following the September 2025 appointment of Co-Presidents Dean C. Athanasia and James P. DeMare.
Board designated executive officers on November 20, 2025, including CFO Alastair M. Borthwick and Global General Counsel Lauren A. Mogensen
Co-Presidents Dean C. Athanasia and James P. DeMare were appointed September 12, 2025
Effective December 31, 2025, Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder and Eric A. Schimpf will no longer be designated executive officers
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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