美国银行 2025年度报告

Washington, D.C. 20549 FORM 10-K (Mark One)☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the Fiscal Year Ended December31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period fromto 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:DelawareIRS Employer Identification No.:56-0906609Address of principal executive offices:Bank of America Corporate Center100 N. Tryon StreetCharlotte, North Carolina 28255Registrant’s telephone number, including area code:(704) 386-5681Securities registered pursuant to section12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☑ 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 duringthe 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 forthe 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 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).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 anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” inRule 12b-2 of the Exchange Act. 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 orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by. any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b)☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☑ Asof June 30,2025,the aggregate market value of the registrant’s common stock(Common Stock)held by non-affiliates was approximately$351,903,673,230. At February24, 2026, there were 7,176,682,170 shares of Common Stock outstanding. Documents incorporated by reference: Portions of the definitive proxy statement relating to the registrant’s 2026 annual meeting of shareholders areincorporated by reference in this Form 10-K in response to Items 10, 11, 12, 13 and 14 of Part III. Table of Contents Bank of America Corporation and Subsidiaries Part IPageItem 1.Business2Item 1A.Risk Factors8Item 1B.Unresolved Staff Comments23Item 1C.Cybersecurity23Item 2.Properties23Item 3.Legal Proceedings23Item 4.Mine Safety Disclosures23Part IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities24Item 6.[Reserved]24Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 7A.Quantitative and Qualitative Disclosures about Market Risk87Item 8.Financial Statements and Supplementary Data87Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure174Item 9A.Controls and Procedures174Item 9B.Other Information174Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections174Part IIIItem 10.Directors, Executive Officers and Corporate Governance174Item 11.Executive Compensation175Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters176Item 13.Certain Relationships and Related Transactions, and Director Independence176Item 14.Principal Accounting Fees and Services176Part IVItem 15.Exhibits, Financial Statement Schedules177Item 16.Form 10-K Summary180 Part I Item 1. Business Segments Through our various bank and