v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay versus performance table
The company’s compensation philosophy is to pay for performance over the long- and short-term taking into consideration a
range
of factors, including both financial and
non-financial
performance measures. Our
pay-for-performance
approach bases compensation on actual results and how those results were achieved. We align executive and shareholder interests through a compensation program providing a mix of salary, incentives, and benefits paid over time, including deferred equity-based awards. Review our “Compensation discussion
and
analysis” starting on page 42 for more information on executive compensation considerations and decisions for our NEOs. Page 53 of the “Compensation discussion and analysis” includes 2025 compensation decisions for our NEOs; these decisions are different than those reflected in the table below which are calculated under prescribed SEC rules.
The table below shows the following information for the past five fiscal years: (i) “total” compensation for our NEOs for purposes of the “Summary compensation table”; (ii) the “Compensation actually paid” to NEOs (calculated using rules required by the SEC); (iii) our total shareholder return (TSR); (iv) the TSR of the KBW Bank Index; (v) our net income; and (vi) our revenue (which is our “company-selected performance measure”). “Compensation actually paid” does not represent the value of cash and shares of the company’s common stock received by NEOs during the year, but rather is an amount calculated under SEC rules and includes, among other things, year-over-year changes in the value of unvested equity-based awards. As a result of the calculation methodology required by the SEC, “Compensation actually paid” amounts below differ from compensation actually received by the individuals and the compensation decisions described in the “Compensation discussion and analysis” section above.
2025 Pay versus performance table
 
    
“Summary
compensation
table” total
for CEO
(1)
($)
  
Compensation
actually paid
to CEO
(2)
($)
  
Average
“Summary
compensation
table” total for
non-CEO NEOs
(1)
($)
  
Average
compensation
actually paid to
non-CEO NEOs
(2)
($)
  
Company
TSR
(3)
($)
  
Peer group
TSR
(3)
($)
  
Net
income
($ in
millions)
  
Revenue
(4)

($ in
millions)
2025
       33,711,521         53,507,725         20,199,081         30,992,675         205         196         30,509         113,097  
2024
(5)
       28,738,702         47,777,368         16,477,980         26,304,042         160         148         26,973         105,856  
2023
(5)
       28,571,192         32,139,080         14,135,415         15,797,000         119         108         26,305         102,769  
2022
       30,177,503         11,009,642         18,641,262         11,731,112         114         109         27,528         94,950  
2021
       23,729,169         49,888,896         16,930,383         29,568,322         150         138         31,978         89,113  
 
(1)
The CEO for each year reported was Brian T. Moynihan. The other NEOs, or
Non-CEO
NEOs, for each year reported are as follows:
 
 
•
  
2025 & 2024 & 2023: Alastair M. Borthwick; Dean C. Athanasia; James P. DeMare; and Matthew M. Koder
 
•
  
2022: Alastair M. Borthwick; Dean C. Athanasia; Paul M. Donofrio; and Geoffrey S. Greener
 
•
  
2021: Alastair M. Borthwick; Paul M. Donofrio; James P. DeMare; Matthew M. Koder; and Thomas K. Montag
 
(2)
SEC rules require certain adjustments be made to the “Summary compensation table” totals to determine “compensation actually paid” as reported in the “Pay versus
performance
table” above. For purposes of the pension valuation adjustments shown below, there was no pension service or prior service cost. In addition, for purposes of the equity award adjustments shown below, no equity awards were canceled due to a failure to meet vesting conditions. The following table details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the NEOs other than the CEO) for 2025. See the “Pay versus performance table” on page 78 in the 2025 proxy statement, page 86 in the 2024 proxy statement and page 80 in the 2023 proxy statement for the adjustments made to determine “compensation actually paid” for prior years:
 
   
  
Year
 
  
Executive(s)
 
  
Summary
compensation
table total
($)
 
  
Pension valuation
adjustments
  
Equity award adjustments
    
 
Deduct change in
pension value
($)
 
  
Deduct
grant date
value of
stock
awards
granted in
the year ($)
 
  
Add year-end

value of
unvested
equity awards
granted in
the year
($)
 
  
Change in value
of unvested
equity awards
granted in prior
years
($)
 
  
Change in value
of equity
awards granted
in prior years
which vested in
year
($)
 
  
Change in value
of equity
awards granted
and vested in
year
($)
 
  
Add
dividends
& interest
accrued
($)
 
  
Compensation
actually paid
total
($)
 
 
2025
    
 
CEO
       33,711,521         (972,981)       (30,666,747)       26,497,679       13,483,178         1,255,320         8,431,370       1,768,385       53,507,725
       
 
Non-CEO NEOs
       20,199,081         (3,827)         (12,012,238)       14,264,819       6,905,292         686,004         0       953,544       30,992,675
 
(3)
TSR is determined based on the value of an initial fixed investment of $100 on December 31, 2020. The peer group TSR represents TSR of the KBW Bank Index.
 
(4)
Represents total revenue, net of interest expense.
 
(5)
Effective in the fourth quarter of 2025 and as previously disclosed in our Form 8-K dated January 6, 2026, the company elected to change its accounting methods related to its tax-related affordable housing, eligible wind renewable energy and solar renewable energy equity investments. This resulted in revisions to our reported revenue and net income for fiscal years 2024 and 2023 (there were no such revisions for fiscal years 2022 and 2021, as these periods were not presented in our fiscal year 2025 annual report on our
Form 10-K).
This 2025 Pay versus performance table and the chart below reflect revenue and net income for fiscal years 2024 and 2023 as reported in our fiscal year 2025
annual
report on our Form 10-K. The company has not revised the compensation amounts previously reported for such years.
       
Company Selected Measure Name revenue        
Named Executive Officers, Footnote
(1)
The CEO for each year reported was Brian T. Moynihan. The other NEOs, or
Non-CEO
NEOs, for each year reported are as follows:
 
 
•
  
2025 & 2024 & 2023: Alastair M. Borthwick; Dean C. Athanasia; James P. DeMare; and Matthew M. Koder
 
•
  
2022: Alastair M. Borthwick; Dean C. Athanasia; Paul M. Donofrio; and Geoffrey S. Greener
 
•
  
2021: Alastair M. Borthwick; Paul M. Donofrio; James P. DeMare; Matthew M. Koder; and Thomas K. Montag
       
Peer Group Issuers, Footnote TSR is determined based on the value of an initial fixed investment of $100 on December 31, 2020. The peer group TSR represents TSR of the KBW Bank Index.        
PEO Total Compensation Amount $ 33,711,521 $ 28,738,702 $ 28,571,192 $ 30,177,503 $ 23,729,169
PEO Actually Paid Compensation Amount $ 53,507,725 47,777,368 32,139,080 11,009,642 49,888,896
Adjustment To PEO Compensation, Footnote
(2)
SEC rules require certain adjustments be made to the “Summary compensation table” totals to determine “compensation actually paid” as reported in the “Pay versus
performance
table” above. For purposes of the pension valuation adjustments shown below, there was no pension service or prior service cost. In addition, for purposes of the equity award adjustments shown below, no equity awards were canceled due to a failure to meet vesting conditions. The following table details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the NEOs other than the CEO) for 2025. See the “Pay versus performance table” on page 78 in the 2025 proxy statement, page 86 in the 2024 proxy statement and page 80 in the 2023 proxy statement for the adjustments made to determine “compensation actually paid” for prior years:
 
   
  
Year
 
  
Executive(s)
 
  
Summary
compensation
table total
($)
 
  
Pension valuation
adjustments
  
Equity award adjustments
    
 
Deduct change in
pension value
($)
 
  
Deduct
grant date
value of
stock
awards
granted in
the year ($)
 
  
Add year-end

value of
unvested
equity awards
granted in
the year
($)
 
  
Change in value
of unvested
equity awards
granted in prior
years
($)
 
  
Change in value
of equity
awards granted
in prior years
which vested in
year
($)
 
  
Change in value
of equity
awards granted
and vested in
year
($)
 
  
Add
dividends
& interest
accrued
($)
 
  
Compensation
actually paid
total
($)
 
 
2025
    
 
CEO
       33,711,521         (972,981)       (30,666,747)       26,497,679       13,483,178         1,255,320         8,431,370       1,768,385       53,507,725
       
 
Non-CEO NEOs
       20,199,081         (3,827)         (12,012,238)       14,264,819       6,905,292         686,004         0       953,544       30,992,675
       
Non-PEO NEO Average Total Compensation Amount $ 20,199,081 16,477,980 14,135,415 18,641,262 16,930,383
Non-PEO NEO Average Compensation Actually Paid Amount $ 30,992,675 26,304,042 15,797,000 11,731,112 29,568,322
Adjustment to Non-PEO NEO Compensation Footnote
(2)
SEC rules require certain adjustments be made to the “Summary compensation table” totals to determine “compensation actually paid” as reported in the “Pay versus
performance
table” above. For purposes of the pension valuation adjustments shown below, there was no pension service or prior service cost. In addition, for purposes of the equity award adjustments shown below, no equity awards were canceled due to a failure to meet vesting conditions. The following table details the applicable adjustments that were made to determine “compensation actually paid” (all amounts are averages for the NEOs other than the CEO) for 2025. See the “Pay versus performance table” on page 78 in the 2025 proxy statement, page 86 in the 2024 proxy statement and page 80 in the 2023 proxy statement for the adjustments made to determine “compensation actually paid” for prior years:
 
   
  
Year
 
  
Executive(s)
 
  
Summary
compensation
table total
($)
 
  
Pension valuation
adjustments
  
Equity award adjustments
    
 
Deduct change in
pension value
($)
 
  
Deduct
grant date
value of
stock
awards
granted in
the year ($)
 
  
Add year-end

value of
unvested
equity awards
granted in
the year
($)
 
  
Change in value
of unvested
equity awards
granted in prior
years
($)
 
  
Change in value
of equity
awards granted
in prior years
which vested in
year
($)
 
  
Change in value
of equity
awards granted
and vested in
year
($)
 
  
Add
dividends
& interest
accrued
($)
 
  
Compensation
actually paid
total
($)
 
 
2025
    
 
CEO
       33,711,521         (972,981)       (30,666,747)       26,497,679       13,483,178         1,255,320         8,431,370       1,768,385       53,507,725
       
 
Non-CEO NEOs
       20,199,081         (3,827)         (12,012,238)       14,264,819       6,905,292         686,004         0       953,544       30,992,675
       
Compensation Actually Paid vs. Total Shareholder Return
The chart below highlights the alignment between “compensation actually paid” to our NEOs and our TSR performance and net income for
the
past five fiscal years.
 
LOGO
 
        
Compensation Actually Paid vs. Net Income
The chart below highlights the alignment between “compensation actually paid” to our NEOs and our TSR performance and net income for
the
past five fiscal years.
 
LOGO
 
        
Tabular List, Table
Net Income
 
Revenue
 
Total Shareholder Return
 
Return on Assets
 
Return on Tangible Common Equity
 
Tangible Book Value*
*
Tangible book value per common share represents ending tangible common shareholders’ equity divided by ending common shares outstanding.
       
Total Shareholder Return Amount $ 205 160 119 114 150
Peer Group Total Shareholder Return Amount 196 148 108 109 138
Net Income (Loss) $ 30,509,000,000 $ 26,973,000,000 $ 26,305,000,000 $ 27,528,000,000 $ 31,978,000,000
Company Selected Measure Amount 113,097,000,000 105,856,000,000 102,769,000,000 94,950,000,000 89,113,000,000
PEO Name Brian T. Moynihan        
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
Measure:: 4          
Pay vs Performance Disclosure          
Name Return on Assets        
Measure:: 5          
Pay vs Performance Disclosure          
Name Return on Tangible Common Equity        
Measure:: 6          
Pay vs Performance Disclosure          
Name Tangible Book Value        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (972,981)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 26,497,679        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,483,178        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,431,370        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,255,320        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,768,385        
PEO | grant date value of stock awards granted in the year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (30,666,747)        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,827)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,264,819        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,905,292        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 686,004        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 953,544        
Non-PEO NEO | grant date value of stock awards granted in the year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (12,012,238)