On January 16, 2026 the Board of Directors of Bank of America Corporation authorized quarterly cash dividends on 14 series of preferred stock or related depositary shares. Series E holders will receive $0.28516 per share with a January 30 record date and February 17 payment date, while Series 1, 2 and 4 will each pay between $0.30025 and $0.30692 per share on February 15 record dates and February 27 payment dates. Series 5 pays $0.29581 on a February 1 record date and February 23 distribution. The semi-annual Series DD and FF pay $31.50 and $29.375 per share on February 15/March 10 and March 1/March 16 record and payment dates, respectively. Other fixed-rate series, including GG (6.000%), KK (5.375%), LL (5.000%), QQ (4.250%) and SS (4.750%), will distribute between $0.265625 and $0.375 per share in February and March, supporting the bank’s preferred-share liquidity profile for institutional and retail investors.

Bank of America reported fourth-quarter net income of $7.6 billion, up 12% year-over-year, on revenue of $28.4 billion, a 7% increase versus Q4 2024. Net interest income (FTE) rose 10% to $15.9 billion, driven by 8% growth in average loans to $1.17 trillion and enhanced asset repricing as higher-yielding loans replaced paydowns. Sales and trading, investment banking and asset management fees contributed $10.4 billion. Expenses increased less than 4% to $17.4 billion, producing over 300 basis points of operating leverage. The bank returned $8.4 billion of capital through $2.1 billion of dividends and $6.3 billion of share repurchases, reducing average diluted shares by 4%. Tangible book value per share rose 9% year-over-year to $28.73. CET1 capital remained robust at 11.4%, above regulatory requirements, and the net charge-off ratio held at a low 44 basis points. Management reaffirmed guidance for 5–7% net interest income growth in 2026 and approximately 200 basis points of operating leverage based on an assumed two-rate-cut scenario.