Rudolf A. Bless
Effective March 1, 2025, Rudolf A. Bless, will no longer serve as the Bank of America Corporation (the “Corporation”) Chief Accounting Officer.
Highest-materiality recent filing
Bank of America Q2 net income $9.1B, EPS $1.21 up 34% YoY; revenue up 15%
Net income $9.1B, diluted EPS $1.21 (+34% YoY); revenue $31.6B (+15% YoY).
Bank of America shareholders elect all 12 directors, approve say on pay, ratify PwC
All 12 director nominees elected with 87-94% of votes cast; Brian Moynihan received 4.98B For vs 346M Against.
Bank of America Q1 2026 EPS $1.11 beats estimate, revenue up 7% YoY
Net income $8.6B, up 17% YoY; diluted EPS $1.11, up 25% YoY.
Bank of America CEO Moynihan awarded $41M total 2025 compensation, up 17% from 2024
Board approves aggregate $41M for CEO Brian Moynihan, vs $35M in 2024; base salary unchanged at $1.5M, no cash bonus.
Bank of America Q4 net income $7.6B, EPS $0.98 up 18% YoY; full-year EPS $3.81
Revenue $28.4B (+7% YoY); net interest income $15.8B (+10% YoY).
Bank of America changes accounting for tax-advantaged equities; retained earnings down $1.7B
Q3 2025 retained earnings reduced $1.7B; CET1 capital would decrease $2.1B (13 bps).
On Nov 20, 2025, Board designated 12 officers as executive officers, including Co-Presidents Athanasia and DeMare.
Bank of America files legal opinion re validity of medium-term notes and guarantees
Sidley Austin LLP opinion filed on Series P Notes, Series A Notes, and related guarantees.
Bank of America Q3 2025 net income $8.5B, EPS $1.06, revenue up 11% to $28.1B
Net income $8.5B, diluted EPS $1.06 (up 31% YoY); revenue $28.1B, up 11% YoY.
Bank of America appoints Athanasia and DeMare as Co-Presidents, Borthwick as EVP
Dean C. Athanasia (President, Regional Banking) and James P. DeMare (President, Global Markets) named Co-Presidents effective September 12, 2025.
Bank of America names Athanasia and DeMare Co-Presidents; Borthwick becomes EVP/CFO
Dean Athanasia (President, Regional Banking) and Jim DeMare (President, Global Markets) appointed Co-Presidents.
Issued 100,000 shares of 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU, liquidation preference $25,000 per share.
Bank of America raises quarterly dividend 8% to $0.28/share, authorizes $40B stock buyback
Common dividend $0.28/share payable Sept 26, 2025 to holders of record Sept 5, 2025, up $0.02.
Bank of America Q2 net income $7.1B, EPS $0.89, revenue up 4% YoY
Net income $7.1B ($0.89 diluted EPS) vs $6.9B ($0.83) a year ago, up 3% and 7% respectively.
Plans to raise quarterly common stock dividend 8% to $0.28 per share starting Q3 2025, subject to Board approval.
Bank of America issues $3B of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO
Issued 120,000 shares of Series OO Preferred Stock, liquidation preference $25,000 per share.
Bank of America shareholders approve equity plan amendment, adding 100M shares
Amendment increases shares available for grant by 100M; as of March 3, 2025, ~85M shares remained.
Bank of America Q1 EPS $0.90, net income $7.4B, revenue up 6% YoY
Net income $7.4B, diluted EPS $0.90, up from $0.76 in 1Q24.
Rudolf A. Bless will step down as Chief Accounting Officer effective March 1, 2025; will remain to assist with transition.
Bank of America CEO Moynihan 2024 total compensation set at $35M, up from $29M
CEO Brian Moynihan awarded $35M total comp for 2024, vs $29M in 2023; base salary unchanged at $1.5M.
Bank of America appoints former Cisco COO Maria Martinez to board
Maria Martinez, former Cisco EVP and COO, appointed to BofA board effective Jan 29, 2025.
Bank of America reports Q4 EPS $0.82, net income $6.7B; full-year EPS $3.21, revenue $101.9B
Q4 2024 revenue $25.3B (NII $14.4B); net income $6.7B, diluted EPS $0.82.
Bank of America Q3 net income $6.9B ($0.81 EPS); revenue $25.3B up 1% YoY
Net income $6.9B ($0.81 diluted EPS) vs $7.8B ($0.90) in 3Q23, down 12% YoY.
Bank of America raises quarterly dividend 8% to $0.26, authorizes $25B buyback
Common dividend increased 8% to $0.26 per share; payable Sept 27, 2024 to holders of record Sept 6, 2024.
Bank of America Q2 net income $6.9B, EPS $0.83
Net income of $6.9B; diluted EPS of $0.83 for quarter ended June 30, 2024.
BofA plans 8% dividend hike to $0.26/sh in Q3 2024; CCAR sets SCB at 3.2%
Quarterly common dividend to rise to $0.26/share from $0.24, subject to board approval.
Bank of America amends Bylaws to clarify stockholder meeting and proxy access rules
Board clarifies it may determine to hold remote-only stockholder meetings under Delaware law.
Three-Month CDOR will be replaced by Three-Month Fallback Rate (CORRA) effective June 28, 2024 for outstanding debt securities.
Tutanota LLC offers $40/share for up to 1M BAC shares (0.01% of outstanding) under a conditional mini-tender.
Bank of America shareholders approve 100M share increase for equity plan at 2024 annual meeting
All 13 director nominees elected; say-on-pay approved with ~91% of votes cast in favor.
Bank of America Q1 net income $6.7B, EPS $0.76; includes $0.7B FDIC charge
Net income of $6.7B ($0.76 diluted EPS) for Q1 ended March 31, 2024.
Bank of America CEO Moynihan awarded $29M total compensation for 2023, versus $30M in 2022
Total compensation $29M, down from $30M in 2022; base salary unchanged at $1.5M.
Bank of America Q4 net income $3.1B ($0.35 EPS); FY 2023 net income $26.5B ($3.08 EPS)
Q4 2023 net income $3.1B, diluted EPS $0.35; full-year net income $26.5B, diluted EPS $3.08.
BAC recognizes $1.6B non-cash pretax charge from BSBY transition; CET1 down 8 bps
Net non-cash pretax charge of ~$1.6B in Q4 2023 from de-designation of BSBY-indexed loan hedges.
BAC Q3 net income $7.8B ($0.90 EPS) +10% YoY; revenue $25.2B +3%; dividend raised 9%
Net income $7.8B, diluted EPS $0.90, up 11% from prior year.
Bank of America reports passing of director Frank P. Bramble, Sr.
Frank P. Bramble, Sr., a director since 2006, passed away.
Bank of America Q2 2023 net income $7.4B, EPS $0.88, up 21% YoY
Net income $7.4B ($0.88 diluted EPS), up 19% and 21% YoY respectively.
Bank of America plans to raise quarterly dividend 9% to $0.24 per share
Planned increase from $0.22 to $0.24 per share, a 9% rise, starting Q3 2023.
Bank of America: USD LIBOR CMS instruments to use SOFR fallback starting June 30, 2023
Press release details fallback provisions for certain debt securities and CDs linked to USD LIBOR CMS Rate after June 30, 2023.
Shareholders approve equity plan amendment with 75M share increase; all directors elected
Equity Plan amended: +75M shares, term extended to Apr 24, 2033, tax-share reuse allowed, dividends only on vesting.
Bank of America Q1 net income $8.2B, EPS $0.94; NII up 25%, revenue $26.3B
Diluted EPS $0.94, up 18% YoY; net income $8.2B.
Effective after June 30, 2023, CME Term SOFR plus spread will replace USD LIBOR for specified floating-rate debt, preferred depositary shares, and trust preferred securities.
Bank of America CEO Moynihan's 2022 total compensation set at $30M, down from $32M
Board approved $30M total compensation for CEO Moynihan in 2022, vs $32M in 2021.
BAC Q4 net income $7.1B ($0.85 EPS), revenue +11% to $24.5B, NII +29%
Q4 net income $7.1B vs $7.0B YoY; diluted EPS $0.85 vs $0.82; full-year net income $27.5B ($3.19 EPS).
Bank of America amends bylaws to align with universal proxy rules and DGCL updates
Amendments require stockholders soliciting proxies under universal proxy rules to provide certain info and use non-white proxy cards.
Bank of America Q3 2022 net income $7.1B, EPS $0.81; NII growth 24%
Net income $7.1B, diluted EPS $0.81 for Q3 ended Sep 30, 2022.
Bank of America settles Ambac lawsuits for $1.84B; records $354M pre-tax charge in Q3 2022
Settlement resolves all pending Ambac lawsuits with damages claims >$3B related to pre-2008 mortgage bond insurance.
Bank of America appoints Baxter CEO José E. Almeida to board of directors
José E. Almeida, 59, chairman/president/CEO of Baxter International, appointed effective September 14, 2022.
Bank of America Q2 2022 net income $6.2B, EPS $0.73, NII up 22% to $12.4B
Net income $6.2B, diluted EPS $0.73 for Q2 ended June 30, 2022.
Bank of America shareholders elect all 14 directors and approve say-on-pay at 2022 annual meeting
All 14 director nominees were elected, with Brian Moynihan receiving ~5.45 billion votes for and ~281 million against.
Effective March 1, 2025, Rudolf A. Bless, will no longer serve as the Bank of America Corporation (the “Corporation”) Chief Accounting Officer.
On February 25, 2025, Johnbull Okpara (53) was appointed the Corporation’s Chief Accounting Officer, effective March 1, 2025.
appointed Maria N. Martinez to serve on the Board
On September 14, 2022, the board of directors (the “Board”) of Bank of America Corporation (the “Corporation”) appointed Mr. José (Joe) E. Almeida to serve on the Board effective immediately, and also appointed Mr. Almeida to serve on the Board’s Audit Committee and Compensation and Human Capital Committee.
On February 22, 2022, Susan S. Bies, a member of the board of directors (the "Board") of Bank of America Corporation (the "Corporation"), informed the Corporation that she would not stand for re-election as a member of the Board at the Corporation's 2022 annual meeting of shareholders.
the Corporation's Board of Directors (the "Board") appointed Mr. Borthwick as the Corporation's Chief Financial Officer, effective as of November 1, 2021.
Paul M. Donofrio will cease to be the Corporation's Chief Financial Officer
On September 10, 2021, the Corporation announced that Alastair Borthwick will become the Corporation’s Chief Financial Officer effective in the fourth quarter of 2021.
On September 10, 2021, Bank of America Corporation (the “Corporation”) announced that Paul M. Donofrio, the Corporation’s Chief Financial Officer and a named executive officer in the Corporation’s 2021 Proxy Statement, will become vice chair of the Corporation in the fourth quarter of 2021 and will cease to be the Corporation’s Chief Financial Officer.
On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.
On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.
Max materiality 0.85 · Median 0.60 · Most common event earnings