Recent Updates — BAC
Bank of America Corporation reported its first-quarter 2026 financial results, announcing a net income of $8.6 billion, or $1.11 per diluted share. These results provide investors with essential data regarding the company's recent profitability and overall earnings performance.
Bank of America's Board approved $41 million in total compensation for CEO Brian T. Moynihan for 2025, an increase from $35 million in 2024. The raise follows a strong year of growth, including a 13% rise in net income to $30.5 billion and a 25% increase in the company's stock price. The package is heavily weighted toward performance-based equity tied to ambitious long-term return on assets and tangible book value targets, aligning executive incentives with shareholder interests.
Bank of America Corporation reported its fourth quarter and full-year 2025 financial results, posting a fourth-quarter net income of $7.6 billion ($0.98 per diluted share) and a full-year net income of $30.5 billion ($3.81 per diluted share). These results are critical for investors to evaluate the company's annual profitability and overall earnings performance.
Bank of America is changing its accounting methods for tax-related equity investments in affordable housing and renewable energy, shifting from the equity method to the proportional amortization method. While the change has a negligible impact on annualized net income, it resulted in a $1.7 billion reduction in retained earnings as of September 30, 2025, and would have decreased the Common Equity Tier 1 ratio by approximately 13 basis points. This reclassification primarily shifts amounts between noninterest income and income tax expense, which may alter how investors interpret the company's revenue and effective tax rate.
Bank of America has updated its list of designated executive officers following the recent appointment of Co-Presidents Dean C. Athanasia and James P. DeMare. Effective December 31, 2025, four current presidents will no longer hold executive officer status, signaling a formal reorganization of the company's leadership hierarchy. This change clarifies the reporting structure and management roles under CEO Brian Moynihan.