# Bank of America Corporation (BAC) — Recent Events ## Filings that contain financial statements - **Form 8-K dated July 14, 2026** (accession 0000070858-26-000353): reports second-quarter 2026 results. Exhibit 99.1 is the earnings press release; Exhibit 99.3 is the supplemental financial data package, together carrying a full income statement, balance sheet, segment results and credit-quality tables for the quarter and six months ended June 30, 2026. - **Form 8-K dated April 15, 2026** (accession 0000070858-26-000222): reports first-quarter 2026 results. Exhibit 99.1 is the earnings press release; Exhibit 99.3 is the supplemental financial data package, carrying a full income statement, balance sheet, segment results and credit-quality tables for the quarter ended March 31, 2026. - **Form 8-K dated January 14, 2026** (accession 0000070858-26-000020): reports fourth-quarter and full-year 2025 results, with Exhibit 99.1 (press release) and Exhibit 99.3 (supplemental data) carrying full-year and quarterly income statement, balance sheet and segment detail. - **Form 8-K dated October 15, 2025** (accession 0000070858-25-000390): reports third-quarter 2025 results, with the same press release/supplemental-data structure. - **Form 8-K dated July 16, 2025** (accession 0000070858-25-000254): reports second-quarter 2025 results, with the same press release/supplemental-data structure. - **Form 8-K dated January 6, 2026** (accession 0000070858-26-000011): furnishes revised (recast) quarterly income-statement data for 2025 and 2024 and annual income-statement data for 2024 and 2023, reflecting a change in accounting method for certain tax-related equity investments (see below); this is the source for restated noninterest income and income tax expense figures for those periods. ## Earnings - **July 14, 2026 (accession 0000070858-26-000353):** Second-quarter 2026 net income of $9.1 billion, diluted EPS of $1.21, up 34% year-over-year. Revenue rose 15% to $31.6 billion, net interest income rose 9% to $16.0 billion. Every business segment reported double-digit net income growth; investment banking fees rose 50%; sales and trading revenue rose 33%. Efficiency ratio improved to 59% with 6.6% operating leverage. The company returned $8.0 billion to shareholders in the quarter ($2.0 billion in dividends, $6.0 billion in buybacks). - **April 15, 2026 (accession 0000070858-26-000222):** First-quarter 2026 net income of $8.6 billion, diluted EPS of $1.11, up 25% year-over-year. Revenue rose 7% to $30.3 billion; net interest income rose 9% to $15.7 billion. Efficiency ratio improved to 61%, with 2.9% operating leverage. The company returned $9.3 billion to shareholders (about $2.0 billion in dividends, about $7.2 billion in buybacks). - **January 14, 2026 (accession 0000070858-26-000020):** Fourth-quarter 2025 net income of $7.6 billion ($0.98 diluted EPS); full-year 2025 net income of $30.5 billion ($3.81 diluted EPS). - **October 15, 2025 (accession 0000070858-25-000390):** Third-quarter 2025 net income of $8.5 billion ($1.06 diluted EPS). - **July 16, 2025 (accession 0000070858-25-000254):** Second-quarter 2025 net income of $7.1 billion ($0.89 diluted EPS). ## Accounting change affecting reported results - **January 6, 2026 (accession 0000070858-26-000011):** Bank of America changed its accounting for tax-related affordable-housing, wind and solar renewable-energy equity investments — moving affordable-housing and wind investments to the proportional amortization method and revising the timing of investment-tax-credit recognition for solar investments. The change reclassifies amounts between noninterest income and income tax expense (e.g., third-quarter 2025 noninterest income restated from $12,855 million to $13,807 million, with a corresponding increase in income tax expense) and reduced retained earnings by an estimated $1.7 billion as of September 30, 2025 through a cumulative adjustment. The company said the impact on net income is insignificant on an annualized basis and that it will not restate previously filed regulatory capital ratios, though the change would have reduced the September 30, 2025 CET1 ratio by an estimated 13 basis points had it been applied. ## Capital actions: dividends and buybacks - **July 23/24, 2026 (accession 0000070858-26-000364):** Board declared a quarterly common stock dividend of $0.32 per share, up $0.04 (14%) from the prior quarter, payable September 25, 2026. The press release also disclosed that the company repurchased $13.2 billion of common stock and paid $4 billion in dividends in the first half of 2026, with about $17 billion remaining under the $40 billion buyback authorization as of June 30, 2026. - **July 23, 2025 (accession 0000070858-25-000257):** Board authorized a new $40 billion common stock repurchase program, effective August 1, 2025, replacing the prior authorization that was set to expire the same date. The Board also declared a regular quarterly common dividend of $0.28 per share and a $1.75 per share dividend on the 7% Series B preferred stock. - **July 24, 2025 (accession 0001193125-25-164439):** The company issued 100,000 shares of new 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU (liquidation preference $25,000 per share) and sold 2,500,000 related depositary shares, each representing a 1/25th interest in a Series UU share. ## Governance and management - **May 4/6, 2026 (accession 0000070858-26-000273):** At the 2026 Annual Meeting, shareholders elected all 12 director nominees, approved the advisory "Say on Pay" vote, and ratified PricewaterhouseCoopers LLP as independent auditor for 2026. Shareholder proposals seeking an independent board chair and a report on animal-welfare risk oversight were not approved. - **February 13, 2026 (accession 0000070858-26-000088):** The Board approved 2025 total compensation for Chair and CEO Brian T. Moynihan of $41.0 million, up from $35.0 million for 2024, citing full-year 2025 results including net income up 13% to $30.5 billion, diluted EPS up 19% to $3.81, revenue up 7% to $113.1 billion. - **November 20/26, 2025 (accession 0001193125-25-300649):** The Board formally designated the company's executive officers, including Dean C. Athanasia and James P. DeMare as Co-Presidents and Alastair M. Borthwick as EVP and CFO (roles announced September 12, 2025 — see below). Effective December 31, 2025, Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder and Eric A. Schimpf ceased to be designated executive officers. - **September 12, 2025 (accessions 0000070858-25-000350 and 0000070858-25-000359):** Bank of America appointed Dean C. Athanasia (previously President, Regional Banking) and James P. DeMare (previously President, Global Markets) as Co-Presidents, and named Alastair M. Borthwick Executive Vice President in addition to his continuing role as CFO, all effective immediately. ## Other - **October 16, 2025 (accession 0000070858-25-000395):** Routine filing of a legal opinion (Exhibit 5.1) tied to the company's and BofA Finance LLC's shelf registration statement for Medium-Term Notes; no new financial disclosure. No merger, acquisition, or divestiture activity was disclosed in any of the 8-K filings reviewed for this period.