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Cover and table of contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 2026
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number:
1-6523
Exact name of registrant as specified in its charter:
Bank of America Corporation
State or other jurisdiction of incorporation or organization:
Delaware
IRS Employer Identification No.:
56-0906609
Address of principal executive offices:
Bank of America Corporate Center
100 N. Tryon Street
Charlotte, North Carolina 28255
Registrant’s telephone number, including area code:
(704) 386-5681
Former name, former address and former fiscal year, if changed since last report:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Common Stock, par value $0.01 per share | BAC | New York Stock Exchange | ||||||
| Depositary Shares, each representing a 1/1,000th interest in a share | BAC PrE | New York Stock Exchange | ||||||
| of Floating Rate Non-Cumulative Preferred Stock, Series E | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share | BAC PrB | New York Stock Exchange | ||||||
| of 6.000% Non-Cumulative Preferred Stock, Series GG | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share | BAC PrK | New York Stock Exchange | ||||||
| of 5.875% Non-Cumulative Preferred Stock, Series HH | ||||||||
| 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L | BAC PrL | New York Stock Exchange | ||||||
| Depositary Shares, each representing a 1/1,200th interest in a share | BML PrG | New York Stock Exchange | ||||||
| of Bank of America Corporation Floating Rate | ||||||||
| Non-Cumulative Preferred Stock, Series 1 |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Depositary Shares, each representing a 1/1,200th interest in a share | BML PrH | New York Stock Exchange | ||||||
| of Bank of America Corporation Floating Rate | ||||||||
| Non-Cumulative Preferred Stock, Series 2 | ||||||||
| Depositary Shares, each representing a 1/1,200th interest in a share | BML PrJ | New York Stock Exchange | ||||||
| of Bank of America Corporation Floating Rate | ||||||||
| Non-Cumulative Preferred Stock, Series 4 | ||||||||
| Depositary Shares, each representing a 1/1,200th interest in a share | BML PrL | New York Stock Exchange | ||||||
| of Bank of America Corporation Floating Rate | ||||||||
| Non-Cumulative Preferred Stock, Series 5 | ||||||||
| Floating Rate Preferred Hybrid Income Term Securities of BAC Capital | BAC/PF | New York Stock Exchange | ||||||
| Trust XIII (and the guarantee related thereto) | ||||||||
| 5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities | BAC/PG | New York Stock Exchange | ||||||
| of BAC Capital Trust XIV (and the guarantee related thereto) | ||||||||
| Income Capital Obligation Notes initially due December 15, 2066 of | MER PrK | New York Stock Exchange | ||||||
| Bank of America Corporation | ||||||||
| Senior Medium-Term Notes, Series A, Step Up Callable Notes, due | BAC/31B | New York Stock Exchange | ||||||
| November 28, 2031 of BofA Finance LLC (and the guarantee | ||||||||
| of the Registrant with respect thereto) | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share of | BAC PrM | New York Stock Exchange | ||||||
| 5.375% Non-Cumulative Preferred Stock, Series KK | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share | BAC PrN | New York Stock Exchange | ||||||
| of 5.000% Non-Cumulative Preferred Stock, Series LL | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share of | BAC PrO | New York Stock Exchange | ||||||
| 4.375% Non-Cumulative Preferred Stock, Series NN | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share of | BAC PrP | New York Stock Exchange | ||||||
| 4.125% Non-Cumulative Preferred Stock, Series PP | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share of | BAC PrQ | New York Stock Exchange | ||||||
| 4.250% Non-Cumulative Preferred Stock, Series QQ | ||||||||
| Depositary Shares, each representing a 1/1,000th interest in a share | BAC PrS | New York Stock Exchange | ||||||
| of 4.750% Non-Cumulative Preferred Stock, Series SS |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2).
Yes ☐ No ☑
On April 30, 2026, there were 7,096,590,651 shares of Bank of America Corporation Common Stock outstanding.
Bank of America Corporation and Subsidiaries
March 31, 2026
Form 10-Q
INDEX
Part I. Financial Information
| 1 Bank of America |
Part II. Other Information
| Item 1. Legal Proceedings | 96 | |||||||
| Item 1A. Risk Factors | 96 | |||||||
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 96 | |||||||
| Item 5. Other Information | 96 | |||||||
| Item 6. Exhibits | 97 | |||||||
| Signature | 97 | |||||||
Next: Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations