On January 16, 2026, Bank of America’s Board of Directors authorized regular cash dividends on 14 series of preferred stock, with record dates spanning January 30 through March 1 and payment dates from February 17 to March 25. Notably, Floating Rate Series E will pay $0.28516 per depositary share on February 17, while Fixed-to-Floating Rate Series DD and Series FF will each pay $31.50 and $29.375 per share semi-annually on March 10 and March 16, respectively. The two largest single-share dividends, $1,096.20250, are scheduled for Adjustable Rate Series G and Floating Rate Series F on March 16. Each series, except F and G, is represented by depositary shares, reflecting the bank’s commitment to maintain predictable income streams for preferred shareholders over the quarter.

Bank of America reported fourth-quarter net income of $7.6 billion, a 12% year-over-year increase, driven by revenue growth of 7% to $28.4 billion and a 10% rise in net interest income (NII) to $15.9 billion on a fully taxable equivalent basis. Earnings per share grew 18% to $0.98 as the bank benefited from disciplined expense management, loan and deposit expansion, and share buybacks. Global Markets contributed $10.4 billion in sales, trading and fee-based revenue, while net interest yield improved by seven basis points sequentially to 2.08%, reflecting asset repricing and favorable funding dynamics.

Total assets remained stable at $3.4 trillion as a decline in securities and cash was offset by an 8% year-over-year increase in average loans to $1.17 trillion, led by 12% growth in commercial lending and 4% in consumer portfolios. Deposits averaged nearly $2.0 trillion, up 3%, enabling a reduction in higher-cost wholesale funding. The bank returned $8.4 billion of capital to shareholders in the quarter, including $6.3 billion in share repurchases, reducing the diluted share count by 4%. Common Equity Tier 1 capital ratio stood at 11.4%, comfortably above regulatory minimums, while the tangible book value per share rose 9% to $28.73.