Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Long-term debt consists of borrowings having an original maturity of one year or more. The table below presents the balance of long-term debt at December 31, 2025 and 2024, and the related contractual rates and maturity dates as of December 31, 2025.



	Weighted-average Rate					December 31
(Dollars in millions)			Interest Rates		Maturity Dates	2025		2024
Notes issued by Bank of America Corporation (1)
Senior notes:
Fixed	3.65	%	0.42 - 8.05	%	2026 - 2052	$	176,097	$	171,603
Floating	3.47		0.10 - 8.85		2027 - 2075	11,471		8,736
Senior structured notes						20,369		17,498
Subordinated notes:
Fixed	5.46		2.94 - 8.13		2026 - 2045	20,802		23,539
Floating	3.38		2.48 - 4.74		2026 - 2037	4,626		4,549
Junior subordinated notes:
Fixed	6.71		6.45 - 8.05		2027 - 2066	750		749
Floating	5.65		5.65		2056	1		1
Total notes issued by Bank of America Corporation						234,116		226,675
Notes issued by Bank of America, N.A.
Senior notes:
Fixed	4.79		3.82 - 5.82		2026 - 2028	5,695		5,611
Floating	4.25		4.07 - 5.59		2026 - 2028	11,177		5,851
Subordinated notes	6.00		6.00		2036	1,403		1,401
Advances from Federal Home Loan Banks:
Fixed	4.79		0.01 - 7.42		2026 - 2034	54		1,015
Floating	3.92		3.83 - 3.98		2026	4,121		400
Securitizations and other BANA VIEs (2)						6,442		8,048
Other						600		495
Total notes issued by Bank of America, N.A.						29,492		22,821
Other debt
Structured liabilities (3)						53,803		33,374
Nonbank VIEs (2)						405		409

Total notes issued by nonbank and other entities						54,208		33,783
Total long-term debt						$	317,816	$	283,279

(1)Includes total loss-absorbing capacity compliant debt.

(2)Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet. Long-term debt of VIEs is collateralized by the assets of the VIEs. At December 31, 2025, amount includes debt from credit card and automobile securitizations of $6.4 billion and other VIEs of $472 million. For more information, see Note 6 – Securitizations and Other Variable Interest Entities.

(3)Includes debt outstanding of $19.2 billion and $11.7 billion at December 31, 2025 and 2024 that was issued by BofA Finance LLC, a consolidated finance subsidiary of Bank of America Corporation, the parent company, and is fully and unconditionally guaranteed by the parent company.

Schedule of Maturities of Long-term Debt

The following table shows the carrying value for aggregate annual contractual maturities of long-term debt as of December 31, 2025. Included in the table are certain structured notes issued by the Corporation that contain provisions whereby the borrowings are redeemable at the option of the holder (put options) at specified dates prior to maturity. Other structured notes have coupon or repayment terms linked to the performance of debt or equity securities, indices, currencies or

commodities, and the maturity may be accelerated based on the value of a referenced index or security. In both cases, the Corporation or a subsidiary may be required to settle the

obligation for cash or other securities prior to the contractual maturity date. These borrowings are reflected in the table as maturing at their contractual maturity date.



Long-term Debt by Maturity

(Dollars in millions)	2026		2027		2028		2029		2030		Thereafter		Total
Bank of America Corporation
Senior notes	$	2,907	$	24,335	$	30,504	$	26,971	$	8,469	$	94,383	$	187,569
Senior structured notes	2,372		1,119		455		723		1,389		14,311		20,369
Subordinated notes	4,893		2,036		893		—		—		17,606		25,428
Junior subordinated notes	—		193		—		—		—		557		750
Total Bank of America Corporation	10,172		27,683		31,852		27,694		9,858		126,857		234,116
Bank of America, N.A.
Senior notes	12,955		3,250		667		—		—		—		16,872
Subordinated notes	—		—		—		—		—		1,403		1,403
Advances from Federal Home Loan Banks	4,128		3		7		2		5		30		4,175
Securitizations and other Bank VIEs (1)	2,499		1,480		1,794		481		88		100		6,442
Other	80		113		52		268		79		8		600
Total Bank of America, N.A.	19,662		4,846		2,520		751		172		1,541		29,492
Other debt
Structured Liabilities	11,879		8,696		6,153		2,999		5,647		18,429		53,803
Nonbank VIEs (1)	—		—		—		—		3		402		405

Total other debt	11,879		8,696		6,153		2,999		5,650		18,831		54,208
Total long-term debt	$	41,713	$	41,225	$	40,525	$	31,444	$	15,680	$	147,229	$	317,816

(1) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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