Bank of America (NYSE:BAC) has increased Chief Executive Officer Brian Moynihan’s compensation to $41 million for 2025, representing a 17% raise from the previous year.
The bank’s board maintained Moynihan’s base salary at $1.5 million with no cash bonus, while granting equity incentive awards totaling $39.5 million, according to a regulatory filing Friday.
The compensation increase follows a year in which Bank of America, the second-largest U.S. bank, improved its financial performance with net income rising 13% to $30.5 billion and diluted earnings per share increasing 19% to $3.81. Revenue grew 7% to $113.1 billion, reflecting record net interest income.
The bank’s board cited Moynihan’s leadership in driving shareholder growth and supporting communities and employees. Bank of America achieved disciplined expense management while increasing investments in people, technology, marketing, and delivery networks. This focus on operational excellence generated approximately 250 basis points of operating leverage and improved the efficiency ratio by 147 basis points to 62%.
The bank maintained strong balance sheet metrics with total assets of $3.4 trillion, including $201 billion of CET1 capital and $975 billion of average global liquidity sources. Loan balances increased 8% while deposits grew 3%.
Bank of America’s stock price rose 25% in 2025, reaching a new all-time high during the year. This followed a 31% increase in 2024. The company’s market capitalization increased 19% from December 31, 2024, maintaining its position as the second-largest U.S. bank by market value.
Moynihan’s equity compensation includes 30% cash-settled restricted stock units vesting over 12 months, 20% stock-settled units vesting over four years, and 50% performance-based stock units. The performance units must be re-earned based on the company’s financial results from 2026-2028, with the board increasing performance standards and introducing an opportunity to earn up to 150% payout for exceptional performance.
