Quarterly filing details remediation duties and a $0.32 dividend

Bank of America's third-quarter 2026 10-Q lays out what the October enforcement package requires of the company. FinCEN's consent order and the December 2024 OCC order call for outside consultants to review past transactions, customer due diligence, foreign correspondent account diligence and BSA/AML data governance. The filing says the company has added staff and technology since late 2023, and it does not expect ongoing remediation costs to materially lift noninterest expense. Separately, the board declared a quarterly common dividend of $0.32 per share on October 21, 2026, payable December 24, 2026 to holders of record on December 4, 2026. The $1.2 billion regulatory settlement charge, booked in the quarter, is non-tax-deductible.

1. Board declared a $0.32 quarterly common dividend on October 21, 2026; payable December 24, 2026; record date December 4, 2026.
2. FinCEN consent order and December 2024 OCC order require independent consultant reviews of historical transactions and related controls.
3. Company says ongoing remediation and compliance costs should not significantly change future consolidated noninterest expense.
4. The $1.2 billion regulatory settlement charge recorded in Q3 2026 is non-tax-deductible.
5. Source is the company's Form 10-Q for the period ended September 30, 2026.