On January 16, 2026, Bank of America’s Board of Directors approved regular cash dividends on 14 series of outstanding preferred stock and depositary shares, with payments scheduled for February and March. Series E holders will receive $0.28516 per share on February 17, 2026, following a January 30 record date. Series F and G holders will each collect $1,096.20250 per share on March 16, 2026, after a February 27 record date. Series 1, 2 and 4 will each pay between $0.30025 and $0.30692 per share on February 27 to shareholders of record on February 15, while Series 5 pays $0.29581 on February 23 to holders of record on February 1. The bank’s fixed-to-floating DD and FF issues will distribute $31.50 and $29.375 per share on March 10 and March 16, respectively. Smaller fixed-rate issues—Series GG through SS—will pay dividends ranging from $0.265625 to $0.375 per share between February 17 and March 25. All series other than F and G are represented by depositary shares, and most dividends are paid quarterly, with DD and FF semi-annually.

In its fourth quarter, Bank of America reported net income of $7.6 billion, up 12% year-over-year, driven by a 10% rise in net interest income to $15.9 billion on a fully taxable equivalent basis. Total revenue climbed 7% to $28.4 billion, bolstered by a 10% increase in market-facing fees from sales and trading, investment banking and asset management. Expenses grew 4% to $17.4 billion, enabling over 300 basis points of operating leverage through disciplined headcount management and productivity gains from digital and AI initiatives. The bank returned $8.4 billion to shareholders via $2.1 billion in common dividends and $6.3 billion in share repurchases, reducing its share count by roughly 4%. Tangible book value per share rose 9% year-over-year to $28.73, while the CET1 ratio remained robust at 11.4%. Management guides 2026 net interest income growth of 5–7% and plans roughly 200 basis points of operating leverage, assuming two rate cuts next year.