July 1, 2025 at 4:30 PM Eastern
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend eight percent to zero dollars and twenty eight cents Per Share
CHARLOTTE, North Carolina – Bank of America today commented on the results of the Federal Reserve’s two thousand twenty five Comprehensive Capital Analysis and Review (C C A R) and announced plans to increase its quarterly common stock dividend to zero dollars and twenty eight cents per share beginning in the third quarter of two thousand twenty five.
The two thousand twenty five stress test results indicated that Bank of America’s modeled capital depletion improved one hundred basis points to one hundred seventy basis points. Capital depletion measures the difference between a firm’s C E T one capital ratios at the beginning and in the most stressed period of the test scenario. As a result, under current Federal Reserve rules, Bank of America’s preliminary stress capital buffer (S C B) would improve seventy basis points to two point five percent, and its C E T one minimum requirement would be ten point zero percent, effective October first, two thousand twenty five.
The Federal Reserve recently proposed modifications to the S C B calculation. If those rule changes are adopted as proposed, Bank of America’s two thousand twenty five stress test results would indicate an S C B of two point seven percent, which would make its new C E T one minimum ratio ten point two percent, effective January first, two thousand twenty six.
At March thirty first, two thousand twenty five, Bank of America had two hundred one billion dollars of regulatory C E T one capital and a C E T one ratio of eleven point eight percent, which exceeds the current minimum requirement.
The quarterly common stock dividend is subject to approval by Bank of America’s Board of Directors.
Certain statements contained in this news release may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of nineteen ninety five. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like “expects,” “anticipates,” “believes,” “estimates,” “targets,” “intends,” “plans,” “predicts,” “goal” and other similar expressions or future or conditional verbs such as “will,” “may,” “might,” “should,” “would” and “could.” Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
Forward-looking statements represent Bank of America’s current expectations, plans or forecasts of its future results, revenues, expenses, dividends, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America’s control. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of America’s filings with the Securities and Exchange Commission, including in Bank of America’s Current Report on Form eight K dated July twenty fourth, two thousand twenty four, announcing Bank of America’s common stock repurchase program, under Item one A. “Risk Factors” of Bank of America’s Annual Report on Form ten K for the year ended December thirty first, two thousand twenty four, and in any of Bank of America’s other subsequent Securities and Exchange Commission filings.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (N Y S E: B A C).
Lee McEntire, Bank of America
Phone 1 9 8 0 3 8 8 6 7 8 0
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income)
Phone 1 2 1 2 4 4 9 3 1 1 2
jonathan.blum@bofa.com
Jocelyn Seidenfeld, Bank of America
Phone 1 6 4 6 7 4 3 3 3 5 6
jocelyn.seidenfeld@bofa.com
July 1, 2025 at 4:30 PM Eastern
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend eight percent to zero dollars and twenty eight cents Per Share
CHARLOTTE, North Carolina – Bank of America today commented on the results of the Federal Reserve’s two thousand twenty five Comprehensive Capital Analysis and Review (C C A R) and announced plans to increase its quarterly common stock dividend to zero dollars and twenty eight cents per share beginning in the third quarter of two thousand twenty five.
The two thousand twenty five stress test results indicated that Bank of America’s modeled capital depletion improved one hundred basis points to one hundred seventy basis points. Capital depletion measures the difference between a firm’s C E T one capital ratios at the beginning and in the most stressed period of the test scenario. As a result, under current Federal Reserve rules, Bank of America’s preliminary stress capital buffer (S C B) would improve seventy basis points to two point five percent, and its C E T one minimum requirement would be ten point zero percent, effective October first, two thousand twenty five.
The Federal Reserve recently proposed modifications to the S C B calculation. If those rule changes are adopted as proposed, Bank of America’s two thousand twenty five stress test results would indicate an S C B of two point seven percent, which would make its new C E T one minimum ratio ten point two percent, effective January first, two thousand twenty six.
At March thirty first, two thousand twenty five, Bank of America had two hundred one billion dollars of regulatory C E T one capital and a C E T one ratio of eleven point eight percent, which exceeds the current minimum requirement.
The quarterly common stock dividend is subject to approval by Bank of America’s Board of Directors.
Certain statements contained in this news release may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of nineteen ninety five. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like “expects,” “anticipates,” “believes,” “estimates,” “targets,” “intends,” “plans,” “predicts,” “goal” and other similar expressions or future or conditional verbs such as “will,” “may,” “might,” “should,” “would” and “could.” Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
Forward-looking statements represent Bank of America’s current expectations, plans or forecasts of its future results, revenues, expenses, dividends, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America’s control. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of America’s filings with the Securities and Exchange Commission, including in Bank of America’s Current Report on Form eight K dated July twenty fourth, two thousand twenty four, announcing Bank of America’s common stock repurchase program, under Item one A. “Risk Factors” of Bank of America’s Annual Report on Form ten K for the year ended December thirty first, two thousand twenty four, and in any of Bank of America’s other subsequent Securities and Exchange Commission filings.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (N Y S E: B A C).
Lee McEntire, Bank of America
Phone 1 9 8 0 3 8 8 6 7 8 0
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income)
Phone 1 2 1 2 4 4 9 3 1 1 2
jonathan.blum@bofa.com
Jocelyn Seidenfeld, Bank of America
Phone 1 6 4 6 7 4 3 3 3 5 6
jocelyn.seidenfeld@bofa.com
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