# EDGAR Filing Document

**Accession Number:** 0000070858
**File Stem:** 0000070858-25-000390
**Filing Date:** 2025-10
**Character Count:** 293569
**Document Hash:** 0042c31eac344bfe1495d39f1417ba72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000070858-25-000390.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0000070858-25-000390

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 66

**CONFORMED PERIOD OF REPORT**: 20251015

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF AMERICA CORP /DE/
- **CENTRAL INDEX KEY:** 0000070858
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 560906609
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06523
- **FILM NUMBER:** 251393385

**BUSINESS ADDRESS:**
- **STREET 1:** BANK OF AMERICA CORPORATE CENTER
- **STREET 2:** 100 N TRYON ST
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28255
- **BUSINESS PHONE:** 7043868486

**MAIL ADDRESS:**
- **STREET 1:** BANK OF AMERICA CORPORATE CENTER
- **STREET 2:** 100 N TRYON ST
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28255

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANKAMERICA CORP/DE/
- **DATE OF NAME CHANGE:** 19981022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONSBANK CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCNB CORP
- **DATE OF NAME CHANGE:** 19920107

?xml version='1.0' encoding='ASCII'? bac-20251015

 **As filed with the Securities and Exchange Commission on October 15, 2025** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported):

October 15, 2025

**BANK OF AMERICA CORPORATION** 

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **1-6523** | **56-0906609** |
| **(State or Other Jurisdiction of Incorporation)** | **(Commission File Number)** | **(IRS Employer Identification No.)** |

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**100 North Tryon Street** 

**Charlotte, North Carolina 28255** 

**(Address of principal executive offices)**

**(704) 386-5681** 

**(Registrant's telephone number, including area code)**

**Not Applicable** 

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | BAC | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E | BAC PrE | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG | BAC PrB | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, Series HH | BAC PrK | New York Stock Exchange |
| 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L | BAC PrL | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,200th interest in a share of | BML PrG | New York Stock Exchange |
| Bank of America Corporation Floating Rate Non-Cumulative |  |  |
| Preferred Stock, Series 1 |  |  |
| Depositary Shares, each representing a 1/1,200th interest in a share of | BML PrH | New York Stock Exchange |
| Bank of America Corporation Floating Rate Non-Cumulative |  |  |
| Preferred Stock, Series 2 |  |  |
| Depositary Shares, each representing a 1/1,200th interest in a share of | BML PrJ | New York Stock Exchange |
| Bank of America Corporation Floating Rate Non-Cumulative |  |  |
| Preferred Stock, Series 4 |  |  |
| Depositary Shares, each representing a 1/1,200th interest in a share of | BML PrL | New York Stock Exchange |
| Bank of America Corporation Floating Rate Non-Cumulative  |  |  |
| Preferred Stock, Series 5 |  |  |
| Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto) | BAC/PF | New York Stock Exchange |
| 5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto) | BAC/PG | New York Stock Exchange |
| Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation | MER PrK | New York Stock Exchange |
| Senior Medium-Term Notes, Series A, Step Up Callable Notes, due | BAC/31B | New York Stock Exchange |
| November 28, 2031 of BofA Finance LLC (and the guarantee of the |  |  |
| Registrant with respect thereto) |  |  |
| Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK | BAC PrM | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL | BAC PrN | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN | BAC PrO | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP | BAC PrP | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ | BAC PrQ | New York Stock Exchange |
| Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS | BAC PrS | New York Stock Exchange |

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| | |
|:---|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). | |
| Emerging growth company | ☐ |

---

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 or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.**

On October 15, 2025, Bank of America Corporation (the "Corporation") announced financial results for the third quarter ended September 30, 2025, reporting third quarter net income of $8.5 billion, or $1.06 per diluted share. A copy of the press release announcing the Corporation's results for the third quarter ended September 30, 2025 (the "Press Release") is attached hereto as Exhibit 99.1 and is incorporated by reference in this Item 2.02. The Press Release is available on the Corporation's website.

The information provided in Item 2.02 of this report, including Exhibit 99.1, shall be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

**ITEM 7.01. REGULATION FD DISCLOSURE.**

On October 15, 2025, the Corporation will hold an investor conference call and webcast to discuss financial results for the third quarter ended September 30, 2025, including the Press Release and other matters relating to the Corporation.

The Corporation has also made available on its website presentation materials containing certain historical and forward-looking information relating to the Corporation (the "Presentation Materials") and materials that contain additional information about the Corporation's financial results for the third quarter ended September 30, 2025 (the "Supplemental Information"). The Presentation Materials and the Supplemental Information are furnished herewith as Exhibit 99.2 and Exhibit 99.3, respectively, and are incorporated by reference in this Item 7.01. All information in Exhibits 99.2 and 99.3 is presented as of the particular date or dates referenced therein, and the Corporation does not undertake any obligation to, and disclaims any duty to, update any of the information provided.

The information provided in Item 7.01 of this report, including Exhibits 99.2 and 99.3, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall the information or Exhibits 99.2 or 99.3 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.

**ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.**

**(d) Exhibits.**

Exhibit 99.1 is filed herewith. Exhibits 99.2 and 99.3 are furnished herewith.

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| | |
|:---|:---|
| **EXHIBIT NO.** | **DESCRIPTION OF EXHIBIT** |
| <u>[99.1](bac093025ex991.htm)</u> | <u>[The Press Release](bac093025ex991.htm)</u> |
| <u>[99.2](bac093025ex992.htm)</u> | <u>[The Presentation Materials](bac093025ex992.htm)</u> |
| <u>[99.3](bac-09302025ex993.htm)</u> | <u>[The Supplemental Information](bac-09302025ex993.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| **BANK OF AMERICA CORPORATION** | **BANK OF AMERICA CORPORATION** |
| By: | /s/ Johnbull E. Okpara |
|  | Johnbull E. Okpara |
|  | Chief Accounting Officer |

---

Dated: October 15, 2025

## Exhibit 99.1

![](bac093025ex991001.jpg)

1 3Q25 Financial Highlights3(B) 3Q25 Business Segment Highlights1,3,4(B) Consumer Banking • Net income of $3.4 billion • Revenue of $11.2 billion, up 7% • Average deposits of $947 billion were up 1% and up 32% from pre- pandemic levels (4Q19); #1 in U.S. Consumer Deposits5 • Average loans and leases of $320 billion, up $7 billion, or 2% • Average Small Business loans grew 7%; #1 Small Business Lender6 • Combined credit / debit card spend of $245 billion, up 6% • Client Highlights – Added ~212,000 net new consumer checking accounts; 27th consecutive quarter of growth – 38.4 million consumer checking accounts; 92% are primary7 – ~4 million small business checking accounts – $580 billion in consumer investment assets, up 17%8 – $1.1 trillion in payments, up 5%9 – 4.2 billion digital logins; 66% of total sales were digitally-enabled Global Wealth and Investment Management • Net income of $1.3 billion • Revenue of $6.3 billion, up 10%. The increase was primarily driven by higher asset management fees, up 12% to $3.9 billion, from higher market valuations and strong AUM flows • Client balances of $4.6 trillion, up 11%, driven by higher market valuations and positive net client flows • Average loans and leases of $246 billion, up $20 billion, or 9% • Client Highlights – Added ~5,400 net new relationships across Merrill and Private Bank – ~$2.1 trillion of AUM balances, up 13% – 86% of Merrill and Private Bank clients digitally active Global Banking • Net income of $2.1 billion • Total Corporation investment banking fees (excl. self-led) of $2.0 billion, up 43% • #3 investment banking fee ranking; 136 bps gain in market share11 • $632 billion in average deposits, up 15% • 6% growth in Middle Market average loan balances13 • 12% improvement in treasury service charges Global Markets • Net income of $1.6 billion • Sales and trading revenue up 9% to $5.4 billion including net debit valuation adjustment (DVA) gains of $14 million. Excluding net DVA, up 8%.(E) 14th consecutive quarter of year-over-year growth – Fixed Income, Currencies and Commodities (FICC) revenue up 5% to $3.1 billion including and excluding net DVA(E) – Equities revenue up 14% to $2.3 billion including and excluding net DVA(E) From Chair and CEO Brian Moynihan: Strong net income growth drove third quarter diluted earnings per share up 31% from last year. This in turn drove strong improvement in our returns on assets and equity. Revenue grew 11% year-over-year. Strong loan and deposit growth, coupled with effective balance sheet positioning, resulted in record net interest income. We also saw strong fee performance from our market-facing businesses. As revenues grew at a much faster rate than expenses, we drove good operating leverage and an efficiency ratio below 62%. With continued organic growth, every line of business reported top and bottom-line improvements. I thank our teammates for a strong quarter. Bank of America Reports 3Q25 Net Income of $8.5 Billion, EPS of $1.06 Revenue up 11% YoY to $28.1 Billion,1 Net Interest Income Grew 9% YoY to $15.2 Billion ($15.4 Billion FTE)(A) Investment Banking Fees2 Topped $2 Billion, Rising 43% YoY See page 10 for endnotes. Amounts may not total due to rounding. 1 Revenue, net of interest expense. 2 Excluding self-led. 3 Financial Highlights and Business Segment Highlights are compared to the year-ago quarter unless noted. 4 The Bank of America Corporation (Corporation) reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis. 5 Source: Federal Financial Institutions Examination Council (FFIEC) Call Reports, 2Q25. 6 Source: Federal Deposit Insurance Corporation (FDIC), 2Q25. 7 Represents the percentage of consumer checking accounts that are estimated to be the customer's primary account based on multiple relationship factors (e.g., linked to their direct deposit). 8 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 9 Total payments represent payments made from Bank of America accounts using credit card, debit card, ACH, wires, billpay, person-to-person, cash and checks. 10 Return on average tangible common shareholders' equity ratio represents a non-GAAP financial measure. For more information, see page 19. 11 Source: Dealogic as of September 30, 2025. 12 Tangible book value per common share represents a non-GAAP financial measure. For more information, see page 19. 13 Includes loans to Global Commercial Banking clients, excluding commercial real estate and specialized industries. • Net income of $8.5 billion compared to $6.9 billion – Diluted earnings per share of $1.06 compared to $0.81, up 31% • Revenue, net of interest expense, of $28.1 billion ($28.2 billion FTE),(A) up 11%, reflected higher net interest income (NII), investment banking and asset management fees, and sales and trading revenue – NII of $15.2 billion ($15.4 billion FTE),(A) up 9%, driven by higher NII related to Global Markets activity, fixed-rate asset repricing, and higher deposit and loan balances, partially offset by the impact of lower interest rates ▪ 5th consecutive quarter of sequential NII growth • Provision for credit losses of $1.3 billion decreased from $1.5 billion in 3Q24 and $1.6 billion in 2Q25 – Net charge-offs of $1.4 billion decreased from $1.5 billion in 3Q24 and 2Q25 • Noninterest expense of $17.3 billion, up 5%, driven by higher revenue- related expenses and investments in people, brand and technology. Efficiency ratio improved 329 bps to 62% – Increased 1% from 2Q25, driven primarily by investments in people and technology, as well as higher revenue-related expenses • Return on average common shareholders' equity ratio of 11.5%; return on average tangible common shareholders' equity ratio of 15.4%10 • Return on average assets of 0.98% • Balance Sheet Remained Strong – Average deposit balances of $1.99 trillion increased 4%; 9th consecutive quarter of sequential growth – Average loans and leases of $1.15 trillion increased 9%, with growth across every business segment – Average Global Liquidity Sources of $961 billion(C) – Common equity tier 1 (CET1) capital of $203 billion, up 1% from 2Q25 – CET1 ratio of 11.6% (Standardized);(D) well above the regulatory minimum – Returned $7.4 billion to shareholders ($2.1 billion through common stock dividends and $5.3 billion in share repurchases) and increased the quarterly common stock dividend 8% • Book value per common share rose 7% to $37.95; tangible book value per common share rose 8% to $28.3912

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![](bac093025ex991002.jpg)

2 From Executive Vice President and CFO Alastair Borthwick: This quarter's performance demonstrated the earnings power of our diversified model. We believe our investments in technology, talent and client experiences aided in an improved efficiency ratio as well as operating leverage. Our strong capital position enabled us to support clients, growing average loans by $25 billion from the second quarter, and to return $7.4 billion to shareholders through dividends and share repurchases. Liquidity and capital improved and our asset quality included a decline in net charge-offs, positioning us to be well-prepared to grow with clients and deliver for shareholders. Bank of America Financial Highlights ($ in billions, except per share data) 3Q25 2Q25 3Q24 Total revenue, net of interest expense $28.1 $26.5 $25.3 Provision for credit losses 1.3 1.6 1.5 Noninterest expense 17.3 17.2 16.5 Pretax income 9.5 7.7 7.3 Pretax, pre-provision income1(F) 10.8 9.3 8.9 Income tax expense 1.0 0.6 0.4 Net income 8.5 7.1 6.9 Diluted earnings per share $1.06 $0.89 $0.81 1 Pretax, pre-provision income represents a non-GAAP financial measure. For more information, see page 19. Net Interest Income (FTE) $14.1 $14.5 $14.6 $14.8 $15.4 $14.0 $14.4 $14.4 $14.7 $15.2 Net interest income (GAAP) FTE adjustment 3Q24 4Q24 1Q25 2Q25 3Q25 Average Deposits $1,921 $1,958 $1,958 $1,974 $1,991 3Q24 4Q24 1Q25 2Q25 3Q25 Spotlight on Average Deposits and Net Interest Income ($B) (A)

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![](bac093025ex991003.jpg)

3 Consumer Banking1 Financial Results Three months ended ($ in millions) 9/30/2025 6/30/2025 9/30/2024 Total revenue2 $11,166 $10,813 $10,418 Provision for credit losses 1,009 1,282 1,302 Noninterest expense 5,575 5,567 5,534 Pretax income 4,582 3,964 3,582 Income tax expense 1,145 991 895 Net income $3,437 $2,973 $2,687 Business Highlights(B) Three months ended ($ in billions) 9/30/2025 6/30/2025 9/30/2024 Average deposits $947.4 $952.0 $938.4 Average loans and leases 320.3 319.1 313.8 Consumer investment assets5 580.4 539.7 496.6 Active mobile banking users (MM) 41.3 40.8 39.6 Number of financial centers 3,649 3,664 3,741 Efficiency ratio 50 % 51 % 53 % Return on average allocated capital 31 27 25 Total Consumer Credit Card3 Average credit card outstanding balances $101.0 $100.0 $99.9 Total credit / debit spend 245.2 244.1 231.9 Risk-adjusted margin 7.5 % 7.1 % 7.2 % Continued Business Leadership • No. 1 in U.S. Consumer Deposits(a) • No. 1 Small Business Lender(b) • No. 1 in Retail Banking Advice Satisfaction(c) • No. 1 in Banking Mobile App Satisfaction(d) • Merrill Edge Self-Directed No. 1 for Bank Brokerage(e) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 The consumer credit card portfolio includes Consumer Banking and GWIM. 4 Represents the percentage of consumer checking accounts that are estimated to be the customer's primary account based on multiple relationship factors (e.g., linked to their direct deposit). 5 End of period. Consumer investment assets includes client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 6 As of August 2025. Includes clients in Consumer, Small Business and GWIM. 7 Household adoption represents households with consumer bank login activities in a 90-day period, as of August 2025. 8 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. • Net income of $3.4 billion • Revenue of $11.2 billion,2 up 7%, driven by higher NII • Provision for credit losses of $1.0 billion, down 23% – Net reserve release of $113 million vs. net reserve build of $127 million in 3Q24(G) – Net charge-offs of $1.1 billion decreased $53 million • Noninterest expense of $5.6 billion increased 1%, driven primarily by investments in the business, including people – Efficiency ratio of 50% • Return on average allocated capital of 31% Business Highlights1,3(B) • Average deposits of $947 billion were up 1% – 58% of deposits in checking accounts; 92% are primary4 • Average loans and leases of $320 billion increased 2% • Combined credit / debit card spend of $245 billion increased 6% • Consumer investment assets of $580 billion, up 17%,5 driven by higher market valuations and $19 billion of net client flows from new and existing clients • 11.3 million clients enrolled in Preferred Rewards, up 1%6 Strong Digital Usage Continued1 • 79% of overall households actively using digital platforms7 • 49 million active digital banking users, up 1.4 million • 2 million digitally-enabled sales, representing 66% of total sales • 4.2 billion digital logins, up 16% • 24.7 million active Zelle® users, up 7%; sent and received 459 million transactions worth $143 billion, up 15% and 18%, respectively8

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![](bac093025ex991004.jpg)

4 Global Wealth and Investment Management1 Financial Results Three months ended ($ in millions) 9/30/2025 6/30/2025 9/30/2024 Total revenue2 $6,312 $5,937 $5,762 Provision for credit losses 4 20 7 Noninterest expense 4,622 4,593 4,340 Pretax income 1,686 1,324 1,415 Income tax expense 421 331 354 Net income $1,265 $993 $1,061 Business Highlights(B) Three months ended ($ in billions) 9/30/2025 6/30/2025 9/30/2024 Average deposits $276.5 $276.8 $280.0 Average loans and leases 245.5 237.4 225.4 Total client balances (EOP) 4,641.2 4,395.2 4,193.9 AUM flows 23.5 14.3 21.3 Pretax margin 27 % 22 % 25 % Return on average allocated capital 26 20 23 • Net income of $1.3 billion • Revenue of $6.3 billion,2 up 10%. The increase was primarily driven by asset management fees, up 12% to $3.9 billion, from higher market valuations and strong AUM flows • Noninterest expense of $4.6 billion increased 6%, driven by revenue-related incentives and investments in people – Pretax margin of 27% • Return on average allocated capital of 26% Business Highlights1(B) • $4.6 trillion in client balances, up 11%, driven by higher market valuations and positive net client flows – AUM flows of $24 billion; $84 billion since 3Q24 • Average deposits of $277 billion decreased 1% • Average loans and leases of $246 billion increased 9% Merrill Wealth Management Highlights Client Engagement • $3.9 trillion in client balances(B) • $1.7 trillion in AUM balances(B) • ~4.5K net new households added in 3Q25 • 42K digital appointments scheduled in the quarter Strong Digital Usage Continued • 85% of Merrill households digitally active3 – 64% of Merrill households are active on mobile • 84% of households enrolled in eDelivery4 • 76% of eligible checks deposited through automated channels5 • 79% of eligible bank and brokerage accounts opened through digital onboarding Bank of America Private Bank Highlights Client Engagement • $745 billion in client balances(B) • $447 billion in AUM balances(B) • ~460 net new relationships added in 3Q25 with $3MM+ clients Strong Digital Usage Continued1 • 93% of relationships digitally active6 – 76% of Private Bank core relationships are active on mobile • 52% of eligible relationships enrolled in eDelivery4 • 77% of eligible checks deposited through automated channels5 • 58% of eligible Investment and Trust accounts opened through digital onboarding Continued Business Leadership • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State Wealth Management Teams (2025), and Top Next Generation Advisors (2025) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2025) and No. 1 on Barron's Top 100 Women Financial Advisors (2025) • No. 1 on Financial Planning's Top 40 Advisors Under 40 List (2025) • No. 1 in Managed Personal Trust AUM(b) • Best Private Bank in North America and Excellence in Philanthropic Services(f) • Winner for Thought Leadership by a Broker-Dealer(g) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 Percentage of digitally active Merrill primary households across the enterprise ($250K+ in investable assets within the enterprise) as of September 2025. Excludes Stock Plan and Banking-only households. 4 Includes Merrill Digital Households across the enterprise (excluding Stock Plan, Banking-only households, Retirement-only and 529-only) and Private Bank relationships that receive statements digitally, as of August 2025 for Private Bank and as of September 2025 for Merrill. 5 Includes mobile check deposits, remote deposit operations, and automated teller machine transactions, as of August 2025 for Private Bank and as of September 2025 for Merrill. 6 Percentage of digitally active Private Bank core relationships across the enterprise ($3MM+ in total balances) as of August 2025. Includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships.

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![](bac093025ex991005.jpg)

5 Global Banking1,2 Financial Results Three months ended ($ in millions) 9/30/2025 6/30/2025 9/30/2024 Total revenue2,3 $6,245 $5,690 $5,834 Provision for credit losses 269 277 229 Noninterest expense 3,044 3,070 2,991 Pretax income 2,932 2,343 2,614 Income tax expense 806 644 719 Net income $2,126 $1,699 $1,895 Business Highlights2(B) Three months ended ($ in billions) 9/30/2025 6/30/2025 9/30/2024 Average deposits $631.6 $603.4 $549.6 Average loans and leases 388.5 387.9 371.2 Total Corporation IB fees (excl. self-led) 2.0 1.4 1.4 Global Banking IB fees 1.2 0.8 0.8 Business Lending revenue 2.3 2.2 2.4 Global Transaction Services revenue 2.7 2.6 2.6 Efficiency ratio 49 % 54 % 51 % Return on average allocated capital 17 13 15 • Net income of $2.1 billion • Revenue of $6.2 billion3 increased 7%, driven primarily by higher investment banking fees and treasury service charges, partially offset by lower NII • Provision for credit losses of $269 million vs. $229 million – Net reserve build of $19 million vs. net reserve release of $129 million(G) – Net charge-offs of $250 million decreased $108 million • Noninterest expense of $3.0 billion increased 2%, driven by investments in the business, including people • Return on average allocated capital of 17% Business Highlights1,2(B) • Total Corporation investment banking fees (excl. self-led) of $2.0 billion increased 43% – #3 in investment banking fees; 136 bps gain in market share4 • $632 billion in average deposits increased 15% • $388 billion in average loans and leases increased 5% Strong Digital Usage Continued1 • 86% of relationship clients digitally active5 • 2.4 million total mobile sign-ins, up 20%6 • $299 billion CashPro® App Payments, up 6% • 39.2K interactions with CashPro® Chat, supported by Erica® technology Continued Business Leadership • North America's Most Innovative Bank – 2025(h) • World's Best Bank for Trade Finance and for FX Payments; North America's Best Digital Bank, Best Bank for Sustainable Finance, and Best Bank for Small to Medium-sized Enterprises(i) • Bank of the Year for Customer Experience(j) • Best Global Bank for Cash Management(h) • 2025 Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(k) • Model Bank: An Edge in Actionable Analytics(l) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(m) • Relationships with 78% of the Global Fortune 500; 96% of the U.S. Fortune 1,000 (2025) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Revenue, net of interest expense. 4 Source: Dealogic as of September 30, 2025. 5 Includes Commercial and Business Banking clients that meet revenue threshold and all Corporate clients on CashPro® and BA360 platforms as of August 2025. 6 Includes CashPro, BA360, and Global Card Access. BA360 as of August 2025.

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6 Global Markets1,2,3 Financial Results Three months ended ($ in millions) 9/30/2025 6/30/2025 9/30/2024 Total revenue2,3 $6,224 $5,980 $5,630 Net DVA 14 (51) (8) Total revenue (excl. net DVA)2,3,4 $6,210 $6,031 $5,638 Provision for credit losses 9 22 7 Noninterest expense 3,895 3,806 3,443 Pretax income 2,320 2,152 2,180 Income tax expense 673 624 632 Net income $1,647 $1,528 $1,548 Net income (excl. net DVA)4 $1,636 $1,567 $1,554 Business Highlights2(B) Three months ended ($ in billions) 9/30/2025 6/30/2025 9/30/2024 Average total assets $1,024.3 $1,023.0 $924.1 Average trading-related assets 676.6 700.4 645.6 Average loans and leases 191.0 176.4 140.8 Sales and trading revenue 5.4 5.3 4.9 Sales and trading revenue (excl. net DVA)4 5.3 5.4 4.9 Global Markets IB fees 0.8 0.7 0.6 Efficiency ratio 63 % 64 % 61 % Return on average allocated capital 13 13 14 • Net income of $1.6 billion (incl. and excl. net DVA)4 • Revenue of $6.2 billion increased 11%, driven primarily by higher sales and trading revenue and investment banking fees • Noninterest expense of $3.9 billion increased 13%, driven by higher revenue-related expenses and investments in the business, including people and technology • Return on average allocated capital of 13% • Average VaR of $66 million5 Business Highlights1,2,3,4(B) • Sales and trading revenue of $5.4 billion increased 9% (excl. net DVA, up 8%)4 – FICC revenue increased 5% to $3.1 billion (incl. and excl. net DVA),4 driven by improved performance in credit products – Equities revenue of $2.3 billion increased 14% (incl. and excl. net DVA),4 driven by increased client activity Additional Highlights • 650+ research analysts covering ~3,500 companies; 1,300+ corporate bond issuers across 55+ economies and 25 industries Continued Business Leadership • Global Derivatives House of the Year(n) • CLO Trading Desk of the Year(n) • CMBS Bank of the Year(n) • Best Sell-Side Trading Desk(o) • Equity Derivatives House of the Year(p) • No. 1 All-America Trading(q) • No. 1 Municipal Bonds Underwriter(r) • No. 2 Top Global Research Firm(q) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. The explanations for current period-over-period changes for Global Markets are the same for amounts including and excluding net DVA. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Revenue, net of interest expense. 4 Revenue and net income, excluding net DVA, are non-GAAP financial measures. See Endnote E on page 10 for more information. 5 VaR model uses a historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level. Average VaR was $66MM, $84MM and $64MM for 3Q25, 2Q25 and 3Q24, respectively. For more information on VaR, see Endnote H on page 10.

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7 All Other1 Financial Results Three months ended ($ in millions) 9/30/2025 6/30/2025 9/30/2024 Total revenue2 ($1,705) ($1,812) ($2,152) Provision (benefit) for credit losses 4 (9) (3) Noninterest expense 201 147 171 Pretax loss (1,910) (1,950) (2,320) Income tax expense (benefit) (1,904) (1,873) (2,025) Net income (loss) ($6) ($77) ($295) 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see Endnote I on page 10. Note: All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. • Net loss of $6 million improved from a net loss of $295 million in 3Q24 • The Corporation's total effective tax rate (ETR) for the quarter was approximately 10% – The primary drivers reducing the ETR from the statutory rates were recurring tax credits primarily related to investments in renewable energy and affordable housing – Excluding the recurring tax credits and discrete tax items, the Corporation's adjusted ETR was approximately 23%3

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8 Credit Quality1 Highlights Three months ended ($ in millions) 9/30/2025 6/30/2025 9/30/2024 Provision for credit losses $1,295 $1,592 $1,542 Net charge-offs 1,367 1,525 1,534 Net charge-off ratio2 0.47 % 0.55 % 0.58 % At period-end Nonperforming loans and leases $5,347 $5,981 $5,629 Nonperforming loans and leases ratio 0.46 % 0.52 % 0.53 % Allowance for credit losses 14,361 14,434 14,351 Allowance for loan and lease losses 13,252 13,291 13,251 Allowance for loan and lease losses ratio3 1.14 % 1.17 % 1.24 % 1 Comparisons are to the year-ago quarter unless noted. 2 Net charge-off ratio is calculated as annualized net charge-offs divided by average outstanding loans and leases during the period. 3 Allowance for loan and lease losses ratio is calculated as allowance for loan and lease losses divided by loans and leases outstanding at the end of the period. Note: Ratios do not include loans accounted for under the fair value option. Charge-offs • Total net charge-offs of $1.4 billion decreased $158 million from 2Q25 – Consumer net charge-offs of $978 million decreased $81 million from 2Q25, driven by lower credit card losses – Credit card charge-off rate improved to 3.46% from 3.82% in 2Q25 and 3.70% in 3Q24 ▪ Early and late stage credit card delinquency rates continued to stabilize compared to 2Q25 and 3Q24 – Commercial net charge-offs of $389 million decreased $77 million compared to 2Q25, driven by lower commercial real estate losses • Net charge-off ratio2 of 0.47% decreased 8 bps vs. 2Q25 Provision for credit losses • Provision for credit losses of $1.3 billion decreased $297 million vs. 2Q25 – Net reserve release of $72 million vs. net reserve build of $67 million in 2Q25(G) Allowance for credit losses • Allowance for loan and lease losses of $13.3 billion represented 1.14% of total loans and leases3 – Total allowance for credit losses of $14.4 billion included $1.1 billion for unfunded commitments • Nonperforming loans of $5.3 billion decreased $634 million from 2Q25 • Commercial reservable criticized utilized exposure of $26.3 billion decreased $1.6 billion from 2Q25

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9 Balance Sheet, Liquidity, and Capital Highlights ($ in billions except per share data, end of period, unless otherwise noted)(B) Three months ended 9/30/2025 6/30/2025 9/30/2024 Ending Balance Sheet Total assets $3,403.2 $3,441.1 $3,324.3 Total loans and leases 1,165.9 1,147.1 1,075.8 Total loans and leases in business segments (excluding All Other) 1,158.5 1,140.1 1,067.0 Total deposits 2,002.2 2,011.6 1,930.4 Average Balance Sheet Average total assets $3,435.9 $3,432.7 $3,296.2 Average loans and leases 1,153.0 1,128.5 1,059.7 Average deposits 1,991.4 1,973.8 1,920.7 Funding and Liquidity Long-term debt $311.5 $313.4 $296.9 Global Liquidity Sources, average(C) 961 938 947 Equity Common shareholders' equity $278.2 $276.1 $272.0 Common equity ratio 8.2 % 8.0 % 8.2 % Tangible common shareholders' equity1 $208.1 $206.0 $201.9 Tangible common equity ratio1 6.2 % 6.1 % 6.2 % Per Share Data Common shares outstanding (in billions) 7.33 7.44 7.69 Book value per common share $37.95 $37.13 $35.37 Tangible book value per common share1 28.39 27.71 26.25 Regulatory Capital(D) CET1 capital $202.9 $201.2 $199.8 Standardized approach Risk-weighted assets $1,753 $1,748 $1,689 CET1 ratio 11.6 % 11.5 % 11.8 % Advanced approaches Risk-weighted assets $1,548 $1,546 $1,482 CET1 ratio 13.1 % 13.0 % 13.5 % Supplementary leverage Supplementary leverage ratio (SLR) 5.8 % 5.7 % 5.9 % 1 Represents a non-GAAP financial measure. For reconciliations to GAAP financial measures, see page 19.

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10 Endnotes A We also measure NII and revenue, net of interest expense, on an FTE basis, which are non-GAAP financial measures. FTE basis is a performance measure used in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. We believe that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practice. NII on an FTE basis was $15.4 billion, $14.8 billion, $14.6 billion, $14.5 billion and $14.1 billion for the three months ended September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively. Revenue, net of interest expense, on an FTE basis, was $28.2 billion, $26.6 billion and $25.5 billion for the three months ended September 30, 2025, June 30, 2025 and September 30, 2024, respectively. The FTE adjustment was $154 million, $145 million, $145 million, $154 million and $147 million for the three months ended September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively. B We present certain key financial and nonfinancial performance indicators (KPIs) that management uses when assessing consolidated and/or segment results. We believe this information is useful because it provides management and investors with information about underlying operational performance and trends. KPIs are presented in Consolidated and Business Segment Highlights on page 1, Balance Sheet, Liquidity, and Capital Highlights on page 9 and on the Segment pages for each segment. C Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of U.S. government securities, U.S. agency securities, U.S. agency mortgage-backed securities, and a select group of non-U.S. government and supranational securities, and other investment- grade securities, and are readily available to meet funding requirements as they arise. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. D Regulatory capital ratios at September 30, 2025 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation's binding ratio was the Total capital ratio under the Standardized approach for all periods presented. E The below table includes Global Markets sales and trading revenue, excluding net DVA, which is a non-GAAP financial measure. We believe that the presentation of measures that exclude this item is useful because such measures provide additional information to assess the underlying operational performance and trends of our businesses and to allow better comparison of period-to-period operating performance. Three months ended (Dollars in millions) 9/30/2025 6/30/2025 9/30/2024 Sales and trading revenue Fixed-income, currencies and commodities $3,091 $3,193 $2,934 Equities 2,270 2,133 1,996 Total sales and trading revenue $5,361 $5,326 $4,930 Sales and trading revenue, excluding net debit valuation adjustment1 Fixed-income, currencies and commodities $3,077 $3,247 $2,942 Equities 2,270 2,130 1,996 Total sales and trading revenue, excluding net debit valuation adjustment $5,347 $5,377 $4,938 F Pretax, pre-provision income (PTPI) is a non-GAAP financial measure calculated by adjusting consolidated pretax income to add back provision for credit losses. Management believes that PTPI is a useful financial measure as it enables an assessment of the Company's ability to generate earnings to cover credit losses through a credit cycle and provides an additional basis for comparing the Company's results of operations between periods by isolating the impact of provision for credit losses, which can vary significantly between periods. For reconciliations to GAAP financial measures, see page 19. G Reserve build (or release) is calculated by subtracting net charge-offs for the period from the provision for credit losses recognized in that period. The period-end allowance, or reserve, for credit losses reflects the beginning of the period allowance adjusted for net charge-offs recorded in that period plus the provision for credit losses and other valuation accounts recognized in that period. H Beginning in the first quarter of 2025, the VaR amounts for all periods presented are those used in the Corporation's risk management of its trading portfolios. Previously, the VaR amounts presented were those used for regulatory capital. The trading portfolio represents trading assets and liabilities, primarily consisting of regular underwriting or dealing in securities and derivative contracts, and acquiring positions as an accommodation to customers. I For the three months ended September 30, 2025, adjusted ETR of 23% is calculated as ETR of 10% plus 13 percentage points for the tax rate effects of tax credits and discrete tax items totaling $1.2 billion. We believe the presentation of adjusted ETR is useful because it provides additional information to assess the Corporation's results of operations. 1 For the three months ended September 30, 2025, June 30, 2025 and September 30, 2024, net DVA gains (losses) were $14 million, ($51) million and ($8) million, FICC net DVA gains (losses) were $14 million, ($54) million and ($8) million, and Equities net DVA gains (losses) were $0, $3 million and $0, respectively.

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11 (a) FFIEC Call Reports, 2Q25. (b) FDIC, 2Q25. (c) J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.\* (d) J.D. Power 2025 U.S. Mobile App Satisfaction Study measures overall satisfaction with banking app channel in the first quarter of 2025. For more information, visit jdpower.com/awards.\* (e) StockBrokers.com\* 2025 Annual Awards. (f) Global Private Banker Innovation Awards, 2025. (g) WealthManagement.com,\* 2025. (h) Global Finance, 2025. (i) Euromoney, 2024. (j) Treasury Management International, 2025. (k) Coalition Greenwich, 2025. (l) Celent, 2025. (m) Asian Banker, 2025. (n) GlobalCapital, 2025. (o) Global Markets Choice Awards, 2025. (p) Risk Awards, 2025. (q) Extel, 2024. (r) LSEG-Refinitiv, YTD 2025. Business Leadership Sources \* Website content is not incorporated by reference into this press release.

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12 Contact Information and Investor Conference Call Invitation Investor Call Information Chair and CEO Brian Moynihan and Executive Vice President and CFO Alastair Borthwick will discuss third- quarter 2025 financial results in an investor conference call at 8:30 a.m. ET today. The conference call and presentation materials can be accessed on the Bank of America Investor Relations website at https:// investor.bankofamerica.com.\* For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on October 15 through 11:59 p.m. ET on October 24. Investors May Contact: Lee McEntire, Bank of America Phone: 1.980.388.6780 lee.mcentire@bofa.com Jonathan G. Blum, Bank of America (Fixed Income) Phone: 1.212.449.3112 jonathan.blum@bofa.com Bank of America 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 nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (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 (NYSE: BAC) is listed on the New York Stock Exchange. Forward-Looking Statements Bank of America Corporation (the Corporation) and its management may make certain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "anticipates," "targets," "expects," "hopes," "estimates," "intends," "plans," "goals," "outlook," "believes," "continue" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements represent the Corporation's current expectations, plans or forecasts of its future results, revenues, liquidity, net interest income, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, deposits, assets, 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 the Corporation's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. \* Website content is not incorporated by reference into this press release. Reporters May Contact: Jocelyn Seidenfeld, Bank of America Phone: 1.646.743.3356 jocelyn.seidenfeld@bofa.com Tim Hurkmans, Bank of America Phone: 1.929.656.1718 tim.hurkmans@bofa.com

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13 You should not place undue reliance on any forward-looking statement and should consider the following uncertainties and risks, as well as the risks and uncertainties more fully discussed under Item 1A. Risk Factors of the Corporation's 2024 Annual Report on Form 10-K and in any of the Corporation's subsequent U.S. Securities and Exchange Commission filings: the Corporation's potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory investigations, proceedings and enforcement actions, which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation's anti-money laundering and economic sanctions programs and the processing of electronic payments, including through the Zelle network, and related fraud, which are in various stages; in connection with ongoing litigation, the impact of certain changes to Visa's and Mastercard's respective card payment network rules and reductions in interchange fees for U.S.-based merchants; the possibility that the Corporation's future liabilities may be in excess of its recorded liability and estimated range of possible loss for litigation, and regulatory and government actions; the Corporation's ability to resolve representations and warranties repurchase and related claims; the impact of U.S. and global interest rates (including the potential for ongoing fluctuations in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and / or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, which may have varying effects across industries and geographies and geopolitical instability; the risks related to the discontinuation of reference rates, including increased expenses and litigation and the effectiveness of hedging strategies; uncertainties about the financial stability and growth rates of non-U.S. jurisdictions, the risk that those jurisdictions may face difficulties servicing their sovereign debt, and related stresses on financial markets, currencies and trade, and the Corporation's exposures to such risks, including direct, indirect and operational; the impact of the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation's assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, which may include unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of trade policies, supply chain disruptions, inflationary pressures and labor shortages on economic conditions and our business; potential losses related to the Corporation's concentration of credit risk; the Corporation's ability to achieve its expense targets and expectations regarding revenue, net interest income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; adverse changes to the Corporation's credit ratings from the major credit rating agencies; an inability to access capital markets or maintain deposits or borrowing costs; estimates of the fair value and other accounting values, subject to impairment assessments, of certain of the Corporation's assets and liabilities; the estimated or actual impact of changes in accounting standards or assumptions in applying those standards; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements; the impact of adverse changes to total loss-absorbing capacity requirements, stress capital buffer requirements and / or global systemically important bank surcharges; the potential impact of actions of the Board of Governors of the Federal Reserve System on the Corporation's capital plans; the effect of changes in or interpretations of income tax laws and regulations, including impacts from the 2025 budget reconciliation legislation; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation's operations or information systems, or those of various third parties, including regulators and federal and state governments, such as from cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental goals or the impact of any changes in the Corporation's sustainability or human capital management strategy or goals; the impact of uncertain or changing political conditions, federal government shutdowns and uncertainty regarding the federal government's debt limit or changes in fiscal, monetary, trade or regulatory policy; the emergence of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflicts in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), civil unrest, terrorism or other geopolitical events; and other matters. Forward-looking statements speak only as of the date they are made, and the Corporation 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. "Bank of America" and "BofA Securities" are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates") or other affiliates, including, in the United States, BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, each of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is registered as a futures commission merchant with the CFTC and is a member of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured · May Lose Value · Are Not Bank Guaranteed. Bank of America Corporation's broker-dealers are not banks and are separate legal entities from their bank affiliates. The obligations of the broker-dealers are not obligations of their bank affiliates (unless explicitly stated otherwise), and these bank affiliates are not responsible for securities sold, offered, or recommended by the broker-dealers. The foregoing also applies to other non-bank affiliates. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom at https:// newsroom.bankofamerica.com.\* www.bankofamerica.com\* \* Website content is not incorporated by reference into this press release.

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Current-period information is preliminary and based on company data available at the time of the presentation. 14 Bank of America Corporation and Subsidiaries Selected Financial Data (In millions, except per share data) Nine Months Ended September 30 Third Quarter 2025 Second Quarter 2025 Third Quarter 2024Summary Income Statement 2025 2024 Net interest income $44,346 $41,701 $15,233 $14,670 $13,967 Noninterest income 37,571 34,839 12,855 11,793 11,378 Total revenue, net of interest expense 81,917 76,540 28,088 26,463 25,345 Provision for credit losses 4,367 4,369 1,295 1,592 1,542 Noninterest expense 52,290 50,025 17,337 17,183 16,479 Income before income taxes 25,260 22,146 9,456 7,688 7,324 Income tax expense 2,279 1,679 987 572 428 Net income $22,981 $20,467 $8,469 $7,116 $6,896 Preferred stock dividends 1,126 1,363 429 291 516 Net income applicable to common shareholders $21,855 $19,104 $8,040 $6,825 $6,380 Average common shares issued and outstanding 7,574.5 7,894.7 7,466.0 7,581.2 7,818.0 Average diluted common shares issued and outstanding 7,724.7 7,965.0 7,627.1 7,651.6 7,902.1 Summary Average Balance Sheet Total cash and cash equivalents $294,819 $361,436 $289,196 $299,620 $344,216 Total debt securities 929,833 859,578 932,588 933,065 883,562 Total loans and leases 1,125,293 1,053,055 1,153,035 1,128,453 1,059,728 Total earning assets 3,019,348 2,888,842 3,040,188 3,050,206 2,917,697 Total assets 3,407,010 3,272,856 3,435,943 3,432,734 3,296,171 Total deposits 1,974,630 1,912,741 1,991,434 1,973,761 1,920,748 Common shareholders' equity 274,868 266,145 276,743 274,344 269,001 Total shareholders' equity 298,249 293,638 301,975 296,917 294,985 Performance Ratios Return on average assets 0.90 % 0.84 % 0.98 % 0.83 % 0.83 % Return on average common shareholders' equity 10.63 9.59 11.53 9.98 9.44 Return on average tangible common shareholders' equity (1) 14.27 13.02 15.43 13.40 12.76 Per Common Share Information Earnings $2.89 $2.42 $1.08 $0.90 $0.82 Diluted earnings 2.85 2.40 1.06 0.89 0.81 Dividends paid 0.80 0.74 0.28 0.26 0.26 Book value 37.95 35.37 37.95 37.13 35.37 Tangible book value (1) 28.39 26.25 28.39 27.71 26.25 Summary Period-End Balance Sheet September 30 2025 June 30 2025 September 30 2024 Total cash and cash equivalents $246,507 $266,011 $295,589 Total debt securities 936,050 930,216 892,989 Total loans and leases 1,165,900 1,147,056 1,075,800 Total earning assets 3,010,204 3,038,726 2,921,286 Total assets 3,403,216 3,441,142 3,324,293 Total deposits 2,002,208 2,011,613 1,930,352 Common shareholders' equity 278,160 276,104 271,958 Total shareholders' equity 304,152 299,599 296,512 Common shares issued and outstanding 7,329.4 7,436.7 7,688.8 Nine Months Ended September 30 Third Quarter 2025 Second Quarter 2025 Third Quarter 2024Credit Quality 2025 2024 Total net charge-offs $4,344 $4,565 $1,367 $1,525 $1,534 Net charge-offs as a percentage of average loans and leases outstanding (2) 0.52 % 0.58 % 0.47 % 0.55 % 0.58 % Provision for credit losses $4,367 $4,369 $1,295 $1,592 $1,542 September 30 2025 June 30 2025 September 30 2024 Total nonperforming loans, leases and foreclosed properties (3) $5,470 $6,104 $5,824 Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3) 0.47 % 0.54 % 0.54 % Allowance for credit losses $14,361 $14,434 $14,351 Allowance for loan and lease losses 13,252 13,291 13,251 Allowance for loan and lease losses as a percentage of total loans and leases outstanding (2) 1.14 % 1.17 % 1.24 % For footnotes, see page 15.

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Current-period information is preliminary and based on company data available at the time of the presentation. 15 Bank of America Corporation and Subsidiaries Selected Financial Data (continued) (Dollars in millions) Capital Management September 30 2025 June 30 2025 September 30 2024 Regulatory capital metrics (4): Common equity tier 1 capital $202,875 $201,200 $199,805 Common equity tier 1 capital ratio - Standardized approach 11.6 % 11.5 % 11.8 % Common equity tier 1 capital ratio - Advanced approaches 13.1 13.0 13.5 Total capital ratio - Standardized approach 15.0 14.8 14.9 Total capital ratio - Advanced approaches 16.3 16.1 16.3 Tier 1 leverage ratio 6.8 6.7 6.9 Supplementary leverage ratio 5.8 5.7 5.9 Total ending equity to total ending assets ratio 8.9 8.7 8.9 Common equity ratio 8.2 8.0 8.2 Tangible equity ratio (5) 7.0 6.8 7.0 Tangible common equity ratio (5) 6.2 6.1 6.2 (1) Return on average tangible common shareholders' equity and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per common share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. See Reconciliations to GAAP Financial Measures on page 19. (2) Ratios do not include loans accounted for under the fair value option. Charge-off ratios are annualized for the quarterly presentation. (3) Balances do not include past due consumer credit card loans, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate, and nonperforming loans held-for-sale or accounted for under the fair value option. (4) Regulatory capital ratios at September 30, 2025 are preliminary. Bank of America Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation's binding ratio was the Total capital ratio under the Standardized approach for all periods presented. (5) Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders' equity divided by period-end tangible assets. Tangible shareholders' equity and tangible assets are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. See Reconciliations to GAAP Financial Measures on page 19.

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Current-period information is preliminary and based on company data available at the time of the presentation. 16 Bank of America Corporation and Subsidiaries Quarterly Results by Business Segment and All Other (Dollars in millions) Third Quarter 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $11,166 $6,312 $6,245 $6,224 $(1,705) Provision for credit losses 1,009 4 269 9 4 Noninterest expense 5,575 4,622 3,044 3,895 201 Net income 3,437 1,265 2,126 1,647 (6) Return on average allocated capital (1) 31 % 26 % 17 % 13 % n/m Balance Sheet Average Total loans and leases $320,297 $245,523 $388,482 $190,994 $7,739 Total deposits 947,414 276,534 631,560 37,588 98,338 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $321,905 $252,986 $386,828 $196,759 $7,422 Total deposits 949,100 278,931 640,801 36,883 96,493 Second Quarter 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $10,813 $5,937 $5,690 $5,980 $(1,812) Provision for credit losses 1,282 20 277 22 (9) Noninterest expense 5,567 4,593 3,070 3,806 147 Net income (loss) 2,973 993 1,699 1,528 (77) Return on average allocated capital (1) 27 % 20 % 13 % 13 % n/m Balance Sheet Average Total loans and leases $319,142 $237,377 $387,864 $176,368 $7,702 Total deposits 951,986 276,825 603,410 38,040 103,500 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $320,908 $241,142 $390,691 $187,357 $6,958 Total deposits 954,373 275,778 643,529 38,232 99,701 Third Quarter 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $10,418 $5,762 $5,834 $5,630 $(2,152) Provision for credit losses 1,302 7 229 7 (3) Noninterest expense 5,534 4,340 2,991 3,443 171 Net income 2,687 1,061 1,895 1,548 (295) Return on average allocated capital (1) 25 % 23 % 15 % 14 % n/m Balance Sheet Average Total loans and leases $313,781 $225,355 $371,216 $140,806 $8,570 Total deposits 938,364 279,999 549,629 34,952 117,804 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Period end Total loans and leases $316,097 $227,318 $375,159 $148,447 $8,779 Total deposits 944,358 283,432 556,953 35,142 110,467 (1) Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently. n/m = not meaningful The Company reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis.

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Current-period information is preliminary and based on company data available at the time of the presentation. 17 Bank of America Corporation and Subsidiaries Year-to-Date by Business Segment and All Other (Dollars in millions) Nine Months Ended September 30, 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $32,472 $18,265 $17,912 $18,788 $(5,076) Provision for credit losses 3,583 38 700 59 (13) Noninterest expense 16,968 13,874 9,298 11,512 638 Net income (loss) 8,941 3,265 5,738 5,124 (87) Return on average allocated capital (1) 27 % 22 % 15 % 14 % n/m Balance Sheet Average Total loans and leases $318,178 $238,457 $385,062 $175,777 $7,819 Total deposits 948,983 279,883 603,591 38,141 104,032 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $321,905 $252,986 $386,828 $196,759 $7,422 Total deposits 949,100 278,931 640,801 36,883 96,493 Nine Months Ended September 30, 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $30,790 $16,927 $17,867 $16,972 $(5,551) Provision for credit losses 3,733 1 693 (42) (16) Noninterest expense 16,473 12,803 8,902 10,421 1,426 Net income 7,938 3,092 5,997 4,681 (1,241) Return on average allocated capital (1) 25 % 22 % 16 % 14 % n/m Balance Sheet Average Total loans and leases $313,027 $222,260 $372,516 $136,572 $8,680 Total deposits 946,640 288,319 533,620 33,167 110,995 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Period end Total loans and leases $316,097 $227,318 $375,159 $148,447 $8,779 Total deposits 944,358 283,432 556,953 35,142 110,467 (1) Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently. n/m = not meaningful

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Current-period information is preliminary and based on company data available at the time of the presentation. 18 Bank of America Corporation and Subsidiaries Supplemental Financial Data (Dollars in millions) Nine Months Ended September 30 Third Quarter 2025 Second Quarter 2025 Third Quarter 2024FTE basis data (1) 2025 2024 Net interest income $44,790 $42,166 $15,387 $14,815 $14,114 Total revenue, net of interest expense 82,361 77,005 28,242 26,608 25,492 Net interest yield 1.98 % 1.95 % 2.01 % 1.94 % 1.92 % Efficiency ratio 63.49 64.96 61.39 64.58 64.64 Other Data September 30 2025 June 30 2025 September 30 2024 Number of financial centers - U.S. 3,649 3,664 3,741 Number of branded ATMs - U.S. 14,920 14,904 14,900 Headcount 213,384 213,388 213,491 (1) FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax- exempt sources and is consistent with industry practices. Net interest income includes FTE adjustments of $444 million and $465 million for the nine months ended September 30, 2025 and 2024, $154 million and $145 million for the third and second quarters of 2025, and $147 million for the third quarter of 2024.

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Current-period information is preliminary and based on company data available at the time of the presentation. 19 The Corporation evaluates its business using certain non-GAAP financial measures, including pretax, pre-provision income (as defined in Endnote F on page 10) and ratios that utilize tangible equity and tangible assets, each of which is a non-GAAP financial measure. Tangible equity represents shareholders' equity or common shareholders' equity reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities ("adjusted" shareholders' equity or common shareholders' equity). Return on average tangible common shareholders' equity measures the Corporation's net income applicable to common shareholders as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total tangible assets (total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities). Return on average tangible shareholders' equity measures the Corporation's net income as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity divided by total tangible assets. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals. See the tables below for reconciliations of these non-GAAP financial measures to the most directly comparable financial measures defined by GAAP for the nine months ended September 30, 2025 and 2024, and the three months ended September 30, 2025, June 30, 2025 and September 30, 2024. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate these non-GAAP financial measures differently. Bank of America Corporation and Subsidiaries Reconciliations to GAAP Financial Measures (Dollars in millions, except per share information) Nine Months Ended September 30 Third Quarter 2025 Second Quarter 2025 Third Quarter 2024 2025 2024 Reconciliation of income before income taxes to pretax, pre-provision income Income before income taxes $25,260 $22,146 $9,456 $7,688 $7,324 Provision for credit losses 4,367 4,369 1,295 1,592 1,542 Pretax, pre-provision income $29,627 $26,515 $10,751 $9,280 $8,866 Reconciliation of average shareholders' equity to average tangible shareholders' equity and average tangible common shareholders' equity Shareholders' equity $298,249 $293,638 $301,975 $296,917 $294,985 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,893) (1,971) (1,873) (1,893) (1,951) Related deferred tax liabilities 845 869 839 846 864 Tangible shareholders' equity $228,180 $223,515 $231,920 $226,849 $224,877 Preferred stock (23,381) (27,493) (25,232) (22,573) (25,984) Tangible common shareholders' equity $204,799 $196,022 $206,688 $204,276 $198,893 Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity and period-end tangible common shareholders' equity Shareholders' equity $304,152 $296,512 $304,152 $299,599 $296,512 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,860) (1,938) (1,860) (1,880) (1,938) Related deferred tax liabilities 828 859 828 842 859 Tangible shareholders' equity $234,099 $226,412 $234,099 $229,540 $226,412 Preferred stock (25,992) (24,554) (25,992) (23,495) (24,554) Tangible common shareholders' equity $208,107 $201,858 $208,107 $206,045 $201,858 Reconciliation of period-end assets to period-end tangible assets Assets $3,403,216 $3,324,293 $3,403,216 $3,441,142 $3,324,293 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,860) (1,938) (1,860) (1,880) (1,938) Related deferred tax liabilities 828 859 828 842 859 Tangible assets $3,333,163 $3,254,193 $3,333,163 $3,371,083 $3,254,193 Book value per share of common stock Common shareholders' equity $278,160 $271,958 $278,160 $276,104 $271,958 Ending common shares issued and outstanding 7,329.4 7,688.8 7,329.4 7,436.7 7,688.8 Book value per share of common stock $37.95 $35.37 $37.95 $37.13 $35.37 Tangible book value per share of common stock Tangible common shareholders' equity $208,107 $201,858 $208,107 $206,045 $201,858 Ending common shares issued and outstanding 7,329.4 7,688.8 7,329.4 7,436.7 7,688.8 Tangible book value per share of common stock $28.39 $26.25 $28.39 $27.71 $26.25

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## Exhibit 99.2

![](bac093025ex992001.jpg)

Bank of America 3Q25 Financial Results October 15, 2025

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Note: IB stands for investment banking. ROA stands for return on average assets. ROE stands for return on average common shareholders' equity. ROTCE stands for return on average tangible common shareholders' equity. 1 End of period (EOP). 2 CET1 stands for common equity tier 1 capital. CET1 ratio at September 30, 2025, is preliminary. 3 GLS stands for average Global Liquidity Sources. See note A on slide 26 for definition of Global Liquidity Sources. 4 Revenue, net of interest expense. 5 Diluted earnings per share. 6 Operating leverage calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. 7 Represents a non-GAAP financial measure. For important presentation information, see slide 29. 3Q25 Highlights 2 Balance Sheet Strength Revenue Growth Earnings Growth Deposits $2.0T1 +4% YoY Loans $1.2T1 +8% YoY CET1 11.6% well above reg. min.2 Robust liquidity GLS $961B3 Revenue $28.1B4 +11% YoY Net interest income +9% YoY Sales & trading +9% YoY IB fees +43% YoY Asset mgmt. fees +12% YoY Net income $8.5B +23% YoY EPS $1.065 +31% YoY Operating leverage6 5.6% Efficiency ratio 62% ROA 0.98% ROE 11.5% ROTCE 15.4%7

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Note: Amounts may not total due to rounding. 1 For more information on reserve build (release), see note B on slide 26. 2 Represent non-GAAP financial measures. For more information on pretax, pre-provision income and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. Summary Income Statement ($B, except per share data) 3Q25 2Q25 Inc / (Dec) 3Q24 Inc / (Dec) Total revenue, net of interest expense $28.1 $26.5 $1.6 6 % $25.3 $2.7 11 % Provision for credit losses 1.3 1.6 (0.3) (19) 1.5 (0.2) (16) Net charge-offs 1.4 1.5 (0.2) (10) 1.5 (0.2) (11) Reserve build (release)1 (0.1) 0.1 (0.1) N/M — (0.1) N/M Noninterest expense 17.3 17.2 0.2 1 16.5 0.9 5 Pretax income 9.5 7.7 1.8 23 7.3 2.1 29 Pretax, pre-provision income2 10.8 9.3 1.5 16 8.9 1.9 21 Income tax expense 1.0 0.6 0.4 73 0.4 0.6 131 Net income $8.5 $7.1 $1.4 19 $6.9 $1.6 23 Diluted earnings per share $1.06 $0.89 $0.17 19 $0.81 $0.25 31 Average diluted common shares (in millions) 7,627 7,652 (24) — 7,902 (275) (3) Return Metrics and Efficiency Ratio Return on average assets 0.98 % 0.83 % 0.83 % Return on average common shareholders' equity 11.5 10.0 9.4 Return on average tangible common shareholders' equity2 15.4 13.4 12.8 Efficiency ratio 62 65 65 3Q25 Financial Results 3

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![](bac093025ex992004.jpg)

• Net income of $8.5B; EPS of $1.06; ROE 11.5%, ROTCE1 15.4% • Revenue, net of interest expense, of $28.1B ($28.2B FTE)1 increased $2.7B, or 11%, reflecting higher net interest income (NII), investment banking and asset management fees, as well as sales and trading revenue – NII of $15.2B ($15.4B FTE)1 increased $1.3B, or 9%; up $0.6B, or 4%, vs. 2Q25 – Noninterest income of $12.9B increased $1.5B, or 13%; up $1.1B, or 9%, vs. 2Q25 • Provision for credit losses of $1.3B in 3Q25 vs. $1.6B in 2Q25 and $1.5B in 3Q24 – Net charge-offs (NCOs)2 of $1.4B declined $0.2B from 2Q25 and 3Q24 • Noninterest expense of $17.3B increased $0.9B, or 5% – Operating leverage of 5.6% • Balance sheet remained strong – Average deposits of $1.99T increased $71B, or 4% – Average loans and leases of $1.15T increased $93B, or 9% – Average Global Liquidity Sources3 of $961B – CET1 capital of $203B increased $2B from 2Q25 – CET1 ratio of 11.6%4 vs. 11.5% in 2Q25; well above regulatory minimum – Paid $2.1B in common dividends and repurchased $5.3B of common stock Note: FTE stands for fully taxable-equivalent basis. 1 Represent non-GAAP financial measures. For important presentation information, see slide 29. 2 Excludes loans accounted for under the fair value option. 3 See note A on slide 26 for definition of Global Liquidity Sources. 4 CET1 ratio at September 30, 2025, is preliminary. 3Q25 Highlights (Comparisons to 3Q24, unless otherwise noted) 4

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14th consecutive quarter of YoY sales and trading revenue growth Record YTD sales and trading revenue Record 3Q Equities sales and trading revenue 20th consecutive quarter of average loan growth Added ~212,000 net new checking accounts; 27 consecutive quarters of net growth ~1MM new credit card accounts1 Consumer investment assets of $580B,2 up 17% YoY; over 4MM accounts with $19B flows since 3Q24 Grew Small Business average loans 7% YoY 1 Includes credit cards across Consumer Banking, Small Business, and Global Wealth & Investment Management (GWIM). 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and assets under management (AUM) in Consumer Banking. GWIM client balances include deposits, loans and leases, AUM, brokerage, and other assets. 3 Investment balances include AUM, brokerage, and other assets. 4 Includes net client flows across Merrill, Private Bank, and Consumer Investments. 5 Source: Dealogic as of September 30, 2025. 6 Includes loans to Global Commercial Banking clients, excluding commercial real estate and specialized industries. #3 investment banking fee ranking; gained 136 bps market share vs. 3Q245 Grew average deposits 15% YoY to $632B Treasury service charges increased 12% YoY Grew Middle Market average loans 6% YoY6 $4.6T client balances,2 up 11% YoY, with AUM balances of $2.1T, up 13% Added ~5,400 net new relationships across Merrill and Private Bank Opened ~32,000 new bank accounts; 63% of clients have banking relationship Continued Organic Growth in 3Q25 5 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets $6.4T total deposits, loans, and investment balances3 $101B total net wealth spectrum client flows since 3Q244

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Balance Sheet Metrics 3Q25 2Q25 3Q24 Basel 3 Capital ($B)3 3Q25 2Q25 3Q24 Assets ($B) Common equity tier 1 capital $203 $201 $200 Total assets $3,403 $3,441 $3,324 Standardized approach Total loans and leases 1,166 1,147 1,076 Risk-weighted assets (RWA) $1,753 $1,748 $1,689 Cash and cash equivalents 247 266 296 CET1 ratio 11.6 % 11.5 % 11.8 % Total debt securities 936 930 893 Advanced approaches Carried at fair value 405 389 325 Risk-weighted assets $1,548 $1,546 $1,482 Held-to-maturity, at cost 531 541 568 CET1 ratio 13.1 % 13.0 % 13.5 % Supplementary leverage Funding & Liquidity ($B) Supplementary Leverage Ratio 5.8 % 5.7 % 5.9 % Total deposits $2,002 $2,012 $1,930 Long-term debt 311 313 297 Global Liquidity Sources (average)1 961 938 947 Equity ($B) Common shareholders' equity $278 $276 $272 Common equity ratio 8.2 % 8.0 % 8.2 % Tangible common shareholders' equity2 $208 $206 $202 Tangible common equity ratio2 6.2 % 6.1 % 6.2 % Per Share Data Book value per common share $37.95 $37.13 $35.37 Tangible book value per common share2 28.39 27.71 26.25 Common shares outstanding (in billions) 7.33 7.44 7.69 1 See note A on slide 26 for definition of Global Liquidity Sources. 2 Represent non-GAAP financial measures. For important presentation information, see slide 29. 3 Regulatory capital ratios at September 30, 2025, are preliminary. Bank of America Corporation (Corporation) reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation's binding ratio was the Total capital ratio under the Standardized approach for all periods presented. Balance Sheet, Liquidity, and Capital (EOP basis unless noted) 6 • CET1 ratio of 11.6% increased 6 bps vs. 2Q253 – CET1 capital of $203B increased $2B – Standardized RWA of $1.8T increased $5B • Book value per share of $37.95 improved 7% from 3Q24; tangible book value per share of $28.39 improved 8% from 3Q242 • Average Global Liquidity Sources of $961B increased $23B from 2Q251

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$1.88 $1.88 $1.91 $1.91 $1.91 $1.92 $1.96 $1.96 $1.97 $1.99 Total rate paid Noninterest-bearing Interest-bearing 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0.00 $0.50 $1.00 $1.50 $2.00 0.00% 1.00% 2.00% 3.00% 4.00% Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($T) Average Deposit and Rate Paid Trends 7 $1,006$980 $959 $952 $949 $938 $942 $948 $952 $947 Total rate paid Low-interest and noninterest checking Other deposits 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $300 $600 $900 $1,200 0.00% 1.00% 2.00% 3.00% 4.00% $295 $292 $292 $297 $288 $280 $285 $286 $277 $277 Total rate paid Sweep deposits Bank deposits 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $100 $200 $300 2.00% 3.00% 4.00% 5.00% $498 $504 $528 $526 $525 $550 $582 $575 $603 $632 Total rate paid Noninterest-bearing Interest-bearing 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $175 $350 $525 $700 2.00% 3.00% 4.00% 5.00% Note: Total Corporation also includes Global Markets and All Other. 1 Includes Preferred deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 1 1.78% 0.58% 2.49% 2.80% 1.76% 2.47% 2.77% 0.58% 2.10% 0.65% 3.13% 3.27%

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![](bac093025ex992008.jpg)

$1,051 $1,073 $1,086 $1,121 $1,145 314 316 315 319 320 225 229 232 237 246 371 375 379 388 388 141 152 160 176 191 Consumer Banking GWIM Global Banking Global Markets 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 $1,060 $1,081 $1,094 $1,128 $1,153 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 +2% +9% +5% +36% Average Loan and Lease Trends YoY +9% YoY +9% Note: Amounts may not total due to rounding. 1 Total Corporation also includes All Other. 2 Includes residential mortgage and home equity. 3 Includes direct / indirect and other consumer and commercial lease financing. Total Loans and Leases by Product ($B) Loans and Leases in Business Segments ($B)1 Total Loans and Leases by Portfolio ($B)Total Loans and Leases ($B) $458 $461 $462 $470 $473 $602 $620 $632 $658 $680 Consumer Commercial 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 $750 8 $1,060 $1,081 $1,094 $1,128 $1,153 392 405 412 427 443 253 254 254 261 262 125 133 139 149 154 120 122 123 125 126100 101 100 100 10169 67 66 66 66 U.S. commercial Home lending Non-U.S. commercial Other Consumer credit card Commercial real estate 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 3 2

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• Net interest income of $15.2B ($15.4B FTE)1 – Increased $0.6B from 2Q25, driven by higher NII related to Global Markets (GM) activity, fixed-rate asset repricing, one additional day of interest accrual, and higher deposit and loan balances – Increased $1.3B from 3Q24, driven by higher NII related to GM activity, fixed-rate asset repricing, and higher deposit and loan balances, partially offset by the impact of lower interest rates • Net interest yield of 2.01% increased 7 bps from 2Q25 and increased 9 bps from 3Q24 – Blended cash and securities yield of 3.21% vs. total deposit rate paid of 1.78% – Excluding GM, net interest yield of 2.48%1 • 100 bps parallel shift below the September 30, 2025, forward interest rate yield curve is estimated to reduce net interest income by $2.2B over the next 12 months2 • Expect 4Q25 NII (FTE) of $15.6B to $15.7B, up ~8% vs. 4Q243 Net Interest Income (FTE, $B)1 Net Interest Income Net Interest Yield (FTE)1 Note: Amounts may not total due to rounding. 1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $1.5B, $1.3B, $1.2B, $1.0B, and $0.9B and average earning assets of $813.2B, $825.8B, $767.6B, $714.8B, and $728.2B for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively. The Corporation believes the presentation of NII and net interest yield excluding Global Markets provides investors with transparency of NII and net interest yield in core banking activities. For important presentation information, see slide 29. 2 As of September 30, 2025. NII asset sensitivity represents banking book positions using behavioral deposit changes. See note D on slide 26 for information on asset sensitivity assumptions. 3 Represents a non-GAAP financial measure. For important presentation information, see slide 29. A reconciliation to the most directly comparable GAAP measure is not included as it cannot be prepared without unreasonable effort. For cautionary information in connection with this forward-looking statement, see note E on slide 26 and slide 28. 1.92% 1.97% 1.99% 1.94% 2.01% 2.40% 2.42% 2.47% 2.44% 2.48% Reported net interest yield Net interest yield excl. GM 3Q24 4Q24 1Q25 2Q25 3Q25 1.00% 1.50% 2.00% 2.50% 3.00% $14.1 $14.5 $14.6 $14.8 $15.4 $14.0 $14.4 $14.4 $14.7 $15.2 Net interest income (GAAP) FTE adjustment 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $4.0 $8.0 $12.0 $16.0 9 Net Interest Income Mix (FTE, $B)1 $14.1 $14.5 $14.6 $14.8 $15.4 $13.2 $13.5 $13.4 $13.5 $13.9 NII excl. GM GM NII 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $4.0 $8.0 $12.0 $16.0

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• 3Q25 noninterest expense of $17.3B – Increased $0.2B, or 1%, vs. 2Q25, driven primarily by investments in people and technology, as well as higher revenue-related expenses – Increased $0.9B, or 5%, vs. 3Q24, driven by investments in people, brand, and technology, as well as higher revenue-related expenses • 5.6% operating leverage in 3Q25 – Expect to deliver operating leverage in 4Q251 $16.5 $16.8 $17.8 $17.2 $17.3 9.9 10.2 10.9 10.3 10.5 6.6 6.5 6.9 6.9 6.8 Compensation and benefits Other 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $10.0 $20.0 65% 66% 65% 65% 62% 3Q24 4Q24 1Q25 2Q25 3Q25 50% 60% 70% Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency Note: Amounts may not total due to rounding. 1 Outlook on operating leverage is a forward-looking statement that is subject to uncertainty and is not a guarantee of future results or performance. For cautionary information in connection with forward-looking statements, see slide 28. 10

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![](bac093025ex992011.jpg)

Asset Quality 1 Excludes loans measured at fair value. 2 Allowance for loan and lease losses ratio is calculated as allowance for loan and lease losses divided by loans and leases outstanding at the end of the period. Provision for Credit Losses ($MM) Net Charge-offs ($MM)1 $1,542 $1,452 $1,480 $1,592 $1,295 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $500 $1,000 $1,500 $2,000 $1,534 $1,466 $1,452 $1,525 $1,367 0.58% 0.54% 0.54% 0.55% 0.47% Net charge-offs Net charge-off ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $500 $1,000 $1,500 $2,000 0.00% 0.25% 0.50% 0.75% 1.00% 11 • Total net charge-offs1 of $1.4B decreased $158MM from 2Q25 – Consumer net charge-offs of $1.0B decreased $81MM, driven by lower credit card losses ▪ Credit card charge-off rate of 3.46% in 3Q25 vs. 3.82% in 2Q25 – Commercial net charge-offs of $389MM decreased $77MM, driven by lower commercial real estate office losses – Net charge-off ratio of 0.47% vs. 0.55% in 2Q25 • Provision for credit losses of $1.3B decreased $297MM from 2Q25 – Net reserve release of $72MM in 3Q25 vs. net reserve build of $67MM in 2Q25 • Allowance for loan and lease losses of $13.3B represented 1.14% of total loans and leases1,2 – Total allowance of $14.4B included $1.1B for unfunded commitments • Nonperforming loans of $5.3B decreased $0.6B from 2Q25 • Commercial reservable criticized utilized exposure of $26.3B decreased $1.6B from 2Q25

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Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios $490 $359 $333 $466 $389 0.33% 0.23% 0.22% 0.29% 0.23% Small business Commercial real estate C&I Commercial NCO ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $200 $400 $600 0.00% 0.20% 0.40% 0.60% $1,044 $1,107 $1,119 $1,059 $978 0.91% 0.96% 0.98% 0.90% 0.82% Credit card Other Consumer NCO ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 0.00% 0.50% 1.00% 1.50% Commercial Metrics ($MM) 3Q25 2Q25 3Q24 Provision $437 $508 $417 Reservable criticized utilized exposure 26,332 27,904 27,439 Nonperforming loans and leases 2,816 3,417 2,952 % of loans and leases1 0.41 % 0.51 % 0.48 % Allowance for loans and leases $4,800 $4,713 $4,658 % of loans and leases1 0.70 % 0.71 % 0.76 % Commercial excl. small business NCOs $255 $332 $366 % of loans and leases1 0.16 % 0.21 % 0.25 % Consumer Metrics ($MM) 3Q25 2Q25 3Q24 Provision $858 $1,084 $1,125 Nonperforming loans and leases 2,531 2,564 2,677 % of loans and leases1 0.53 % 0.54 % 0.58 % Consumer 30+ days performing past due $4,494 $4,385 $4,463 Fully-insured2 439 419 463 Non fully-insured 4,055 3,966 4,000 Consumer 90+ days performing past due 1,470 1,461 1,522 Allowance for loans and leases 8,452 8,578 8,593 % of loans and leases1 1.78 % 1.82 % 1.87 % # times annualized NCOs 2.18 x 2.02 x 2.07 x 12 3 Note: Amounts may not total due to rounding. 1 Excludes loans measured at fair value. 2 Fully-insured loans are FHA-insured loans and other loans individually insured under long-term standby agreements. 3 C&I includes commercial and industrial and commercial lease financing.

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Consumer Banking 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. 2 Cost of deposits calculated as annualized noninterest expense as a percentage of total average deposits within the Deposits sub-segment. 3 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 4 Includes consumer credit card portfolios in Consumer Banking and GWIM. 5 Represents the percentage of consumer checking accounts that are estimated to be the customer's primary account based on multiple relationship factors (e.g., linked to their direct deposit). 6 As of August 2025. Includes clients in Consumer, Small Business, and GWIM. 7 As of August 2025. Represents households with consumer bank login activities in a 90-day period. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense $11,166 $353 $748 Provision for credit losses 1,009 (273) (293) Noninterest expense 5,575 8 41 Pretax income 4,582 618 1,000 Pretax, pre-provision income1 5,591 345 707 Income tax expense 1,145 154 250 Net income $3,437 $464 $750 Key Indicators ($B) 3Q25 2Q25 3Q24 Average deposits $947.4 $952.0 $938.4 Rate paid on deposits 0.58 % 0.58 % 0.65 % Cost of deposits2 1.46 1.46 1.46 Average loans and leases $320.3 $319.1 $313.8 Net charge-off ratio 1.39 % 1.51 % 1.49 % Net charge-offs ($MM) $1,122 $1,200 $1,175 Reserve build (release) ($MM) (113) 82 127 Consumer investment assets3 580.4 539.7 496.6 Active mobile banking users (MM) 41.3 40.8 39.6 % Consumer sales through digital channels 66 % 65 % 54 % Number of financial centers 3,649 3,664 3,741 Combined credit / debit purchase volumes4 $245.2 $244.1 $231.9 Total consumer credit card risk-adjusted margin4 7.48 % 7.07 % 7.22 % Return on average allocated capital 31 27 25 Allocated capital $44.0 $44.0 $43.3 Efficiency ratio 50 % 51 % 53 % 13 • Net income of $3.4B • Revenue of $11.2B increased 7% from 3Q24, driven by higher net interest income • Provision for credit losses of $1.0B vs. $1.3B in 3Q24 – Net reserve release of $113MM vs. net reserve build of $127MM in 3Q24 – Net charge-offs of $1.1B decreased $53MM vs. 3Q24 • Noninterest expense of $5.6B increased 1% from 3Q24, driven primarily by investments in the business, including people – Efficiency ratio of 50% • Return on average allocated capital of 31% • Average deposits of $947B increased $9B, or 1%, from 3Q24 – 58% of deposits in checking accounts; 92% are primary accounts5 • Average loans and leases of $320B increased $7B, or 2%, from 3Q24 • Combined credit / debit card spend of $245B increased 6% from 3Q244 • Consumer investment assets of $580B grew $84B, or 17%, vs. 3Q24,3 driven by higher market valuations and $19B of net client flows from new and existing clients • 11.3MM clients enrolled in Preferred Rewards, up 1% from 3Q246 • 79% of households digitally active, up from 77% in 3Q247

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• Net income of $1.3B • Revenue of $6.3B increased 10% from 3Q24, driven primarily by higher asset management fees from higher market valuations and strong AUM flows • Noninterest expense of $4.6B increased 6% vs. 3Q24, driven by revenue-related incentives and investments in people • Return on average allocated capital of 26% • Client balances of $4.6T increased 11% from 3Q24, driven by higher market valuations and positive net client flows – AUM flows of $24B in 3Q25; $84B since 3Q24 • 63% of clients have banking relationship – Average deposits of $277B decreased $3B, or 1%, from 3Q24 – Average loans and leases of $246B increased $20B, or 9%, from 3Q24 • Added ~5,400 net new relationships across Merrill and Private Bank in 3Q25 • 86% of GWIM households / relationships digitally active across the enterprise2 Global Wealth & Investment Management 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. 2 Represents the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. As of August 2025 for Private Bank and as of September 2025 for Merrill. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense $6,312 $375 $550 Provision for credit losses 4 (16) (3) Noninterest expense 4,622 29 282 Pretax income 1,686 362 271 Pretax, pre-provision income1 1,690 346 268 Income tax expense 421 90 67 Net income $1,265 $272 $204 Key Indicators ($B) 3Q25 2Q25 3Q24 Average deposits $276.5 $276.8 $280.0 Rate paid on deposits 2.49 % 2.47 % 3.13 % Average loans and leases $245.5 $237.4 $225.4 Net charge-off ratio 0.01 % 0.02 % 0.02 % Net charge-offs ($MM) $8 $10 $10 Reserve build (release) ($MM) (4) 10 (3) AUM flows 23.5 14.3 21.3 Pretax margin 27 % 22 % 25 % Return on average allocated capital 26 20 23 Allocated capital $19.8 $19.8 $18.5 14

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Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking (IB), loan origination activities, and sales and trading activities. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense1 $6,245 $555 $411 Provision for credit losses 269 (8) 40 Noninterest expense 3,044 (26) 53 Pretax income 2,932 589 318 Pretax, pre-provision income2 3,201 581 358 Income tax expense 806 162 87 Net income $2,126 $427 $231 Selected Revenue Items ($MM) 3Q25 2Q25 3Q24 Total Corporation IB fees (excl. self-led)1 $2,013 $1,428 $1,403 Global Banking IB fees1 1,155 767 783 Business Lending revenue 2,292 2,203 2,405 Global Transaction Services revenue 2,739 2,649 2,580 Key Indicators ($B) 3Q25 2Q25 3Q24 Average deposits $631.6 $603.4 $549.6 Average loans and leases 388.5 387.9 371.2 Net charge-off ratio 0.26 % 0.32 % 0.39 % Net charge-offs ($MM) $250 $303 $358 Reserve build (release) ($MM) 19 (26) (129) Return on average allocated capital 17 % 13 % 15 % Allocated capital $50.8 $50.8 $49.3 Efficiency ratio 49 % 54 % 51 % 15 • Net income of $2.1B • Revenue of $6.2B increased 7% from 3Q24, driven primarily by higher investment banking fees and treasury services charges, partially offset by lower net interest income – Total Corporation investment banking fees (excl. self-led) of $2.0B increased 43% vs. 3Q24 • Provision for credit losses of $269MM vs. $229MM in 3Q24 – Net reserve build of $19MM vs. net reserve release of $129MM in 3Q24 – Net charge-offs of $250MM decreased $108MM from 3Q24 • Noninterest expense of $3.0B increased 2% vs. 3Q24, driven by investments in the business, including people • Return on average allocated capital of 17% • Average deposits of $632B increased $82B, or 15%, from 3Q24 • Average loans and leases of $388B increased $17B, or 5%, from 3Q24

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Global Markets1 1 The explanations for current period-over-period changes for Global Markets are the same for amounts including and excluding net DVA. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Represent non-GAAP financial measures. Reported fixed income, currencies, and commodities (FICC) sales and trading revenue was $3.1B, $3.2B, and $2.9B for 3Q25, 2Q25, and 3Q24, respectively. Reported Equities sales and trading revenue was $2.3B, $2.1B, and $2.0B for 3Q25, 2Q25, and 3Q24, respectively. See note F on slide 26 and slide 29 for important presentation information. 4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. 5 See note G on slide 26 for the definition of VaR. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense2 $6,224 $244 $594 Net DVA 14 65 22 Total revenue (excl. net DVA)2,3 6,210 179 572 Provision for credit losses 9 (13) 2 Noninterest expense 3,895 89 452 Pretax income 2,320 168 140 Pretax, pre-provision income4 2,329 155 142 Income tax expense 673 49 41 Net income $1,647 $119 $99 Net income (excl. net DVA)3 $1,636 $69 $82 Selected Revenue Items ($MM)2 3Q25 2Q25 3Q24 Sales and trading revenue $5,361 $5,326 $4,930 Sales and trading revenue (excl. net DVA)3 5,347 5,377 4,938 FICC (excl. net DVA)3 3,077 3,247 2,942 Equities (excl. net DVA)3 2,270 2,130 1,996 Global Markets IB fees 834 666 589 Key Indicators ($B) 3Q25 2Q25 3Q24 Average total assets $1,024.3 $1,023.0 $924.1 Average trading-related assets 676.6 700.4 645.6 Average 99% VaR ($MM)5 66 84 64 Average loans and leases 191.0 176.4 140.8 Net charge-offs ($MM) (1) 25 1 Reserve build (release) ($MM) 10 (3) 6 Return on average allocated capital 13 % 13 % 14 % Allocated capital $49.0 $49.0 $45.5 Efficiency ratio 63 % 64 % 61 % 16 • Net income of $1.6B (incl. and excl. net DVA)3 • Revenue of $6.2B increased 11% from 3Q24, driven primarily by higher sales and trading revenue and investment banking fees • Sales and trading revenue of $5.4B increased 9% from 3Q24; excluding net DVA, sales and trading revenue of $5.3B, up 8%3 – FICC revenue increased 5% to $3.1B (incl. and excl. DVA),3 driven by improved performance in credit products – Equities revenue increased 14% to $2.3B (incl. and excl. DVA),3 driven by increased client activity • Noninterest expense of $3.9B increased 13% vs. 3Q24, driven by higher revenue-related expenses and investments in the business, including people and technology • Return on average allocated capital of 13% • Average VaR of $66MM in 3Q255

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All Other1 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. 2 Represent a non-GAAP financial measures. For more information and a reconciliation to the most directly comparable GAAP financial measures regarding pretax, pre-provision income (loss) and ETR, see note C and note H on slide 26. For important presentation information, see slide 29. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense ($1,705) $107 $447 Provision (benefit) for credit losses 4 13 7 Noninterest expense 201 54 30 Pretax income (loss) (1,910) 40 410 Pretax, pre-provision income (loss)2 (1,906) 53 417 Income tax expense (benefit) (1,904) (31) 121 Net income (loss) ($6) $71 $289 17 • Net loss of $6MM • The Corporation's total effective tax rate (ETR) for the quarter was approximately 10% – The primary drivers reducing the ETR from the statutory rates were recurring tax credits primarily related to investments in renewable energy and affordable housing – Excluding the recurring tax credits and discrete tax items, the Corporation's adjusted ETR was approximately 23%2

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Supplemental Business Segment Trends

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Total Expense ($B) and Efficiency Total Revenue ($B) Average Deposits ($B) Consumer Investment Assets ($B)2 and Accounts (MM) Average Loans and Leases ($B) Consumer Banking Trends Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources. 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. $10.4 $10.6 $10.5 $10.8 $11.2 8.3 8.5 8.5 8.7 9.0 2.1 2.2 2.0 2.1 2.2 Net interest income Noninterest income 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $4.0 $8.0 $12.0 $5.5 $5.6 $5.8 $5.6 $5.6 53% 53% 56% 51% 50% Noninterest expense Efficiency ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $938 $942 $948 $952 $947 475 477 478 477 475 463 465 470 475 472 Low-interest and noninterest checking Other deposits 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 $750 $1,000 $314 $316 $315 $319 $320 115 115 115 118 117 97 97 97 97 97 56 57 56 57 57 22 22 22 22 22 25 25 26 26 27 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $125 $250 $375 19 $497 $518 $498 $540 $580 3.9 3.9 4.0 4.0 4.1 Assets Accounts 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $200 $400 $600 3.5 4.0 4.5 5.0 Business Leadership1 • No. 1 in U.S. Consumer Deposits(A) • No. 1 Small Business Lender(B) • No. 1 in Retail Banking Advice Satisfaction(C) • No. 1 in Banking Mobile App Satisfaction(D) • Merrill Edge Self-Directed No. 1 for Bank Brokerage(E)

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Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources. 2 Includes Preferred deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 3 End of period. Loans and leases includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet. 4 Managed deposits in investment accounts of $44B, $43B, $41B, $45B, and $37B for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively, are included in both AUM and Deposits. Total client balances only include these balances once. Average Deposits ($B) Global Wealth & Investment Management Trends Business Leadership1 • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State Wealth Management Teams (2025), and Top Next Generation Advisors (2025) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2025) and No. 1 on Barron's Top 100 Women Financial Advisors (2025) • No. 1 on Financial Planning's Top 40 Advisors Under 40 List (2025) • No. 1 in Managed Personal Trust AUM(B) • Best Private Bank in North America and Excellence in Philanthropic Services(F) • Winner for Thought Leadership by a Broker- Dealer(G) Average Loans and Leases ($B) Total Revenue ($B) Client Balances ($B)3,4 $5.8 $6.0 $6.0 $5.9 $6.3 1.7 1.8 1.8 1.8 1.8 3.5 3.6 3.7 3.6 3.9 0.6 0.6 0.6 0.5 0.6 Net interest income Asset management fees Brokerage / other 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $3.5 $7.0 1,861 1,882 1,856 1,987 2,110 1,857 1,888 1,821 1,932 2,041 283 292 285 276 279230 234 237 243 255$4,194 $4,252 $4,157 $4,395 $4,641 AUM Brokerage / other Deposits Loans and leases 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $2,500 $5,000 $225 $229 $232 $237 $246 109 109 110 111 112 50 51 52 53 54 64 65 68 70 76 Consumer real estate Securities-based lending Custom lending Credit card 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $100 $200 $300$280 $285 $286 $277 $277 212 213 210 203 203 68 72 77 74 74 Sweep deposits Bank deposits 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $100 $200 $300 21 2

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Global Banking Trends Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Total Corporation IB fees excludes self-led deals. Self-led deals of $41MM, $70MM, $75MM, $31MM, and $34MM for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively, are embedded within Debt, Equity, and Advisory. 4 Advisory includes fees on debt and equity advisory and mergers and acquisitions. Average Deposits ($B)Business Leadership1 • North America's Most Innovative Bank – 2025(H) • World's Best Bank for Trade Finance and for FX Payments; North America's Best Digital Bank, Best Bank for Sustainable Finance, and Best Bank for Small to Medium-sized Enterprises(I) • Bank of the Year for Customer Experience(J) • Best Global Bank for Cash Management(H) • 2025 Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(K) • Model Bank: An Edge in Actionable Analytics(L) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(M) • Relationships with 78% of the Global Fortune 500; 96% of the U.S. Fortune 1,000 (2025) Average Loans and Leases ($B) Total Revenue ($B)2 Total Corporation IB Fees ($MM)3 $5.8 $6.1 $6.0 $5.7 $6.2 3.2 3.3 3.2 3.1 3.1 0.8 1.0 0.8 0.8 1.2 0.8 0.8 0.8 0.9 0.9 1.0 1.0 1.2 1.0 1.1 Net interest income IB fees Service charges All other income 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $2.5 $5.0 $7.5 780 765 942 837 1,109 270 364 272 328 362387 556 384 333 583 $1,403 $1,654 $1,523 $1,428 $2,013 Debt Equity Advisory 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $750 $1,500 $2,250 197 196 196 199 200 162 167 171 177 176 $371 $375 $379 $388 $388 Commercial Corporate Business Banking 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 4 $550 $582 $575 $603 $632 Noninterest-bearing Interest-bearing 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 $750 23 28% 27% 27% 25% 23% 72% 73% 73% 75% 77%

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1 Relationship client adoption is the percentage of relationship clients digitally active. Digital active clients represents 90-day active clients across CashPro and BA360 platforms. Data as of one month prior to end of quarter. Relationship clients defined as clients meeting revenue threshold for Global Commercial Banking and Business Banking, and all clients in Global Corporate and Investment Banking. 2 Includes CashPro, BA360, and Global Card Access. BA360 as of August for each quarter presented. 3 Erica technology integrated into CashPro Chat starting in August 2023. 4 Includes CashPro alert volume and CashPro online reports and statements scheduled, BA360 90-day Erica insights and alerts, and Global Card Access alert volume for online and mobile. BA360 as of August for each quarter presented. 5 Percent of U.S. Dollar Investment Grade Debt investor bond orders received and fully processed digitally for Global Capital Markets primary issuances. Capital Markets Digital Bond Orders5 Erica® Interactions on CashPro® Chat (K)3 Proactive Alerts and Insights (MM)4 11% 17% 33% 42% 3Q22 3Q23 3Q24 3Q25 0% 20% 40% 60% 19.3 20.7 23.1 25.0 3Q22 3Q23 3Q24 3Q25 0.0 10.0 20.0 30.0 32.5 33.5 37.6 39.2 4Q24 1Q25 2Q25 3Q25 0.0 15.0 30.0 45.0 CashPro® App PaymentsRelationship Client Adoption1 Mobile App Sign-ins (K)2 $164 $192 $283 $299 3.0 3.6 4.3 4.7 Value ($B) Volume (MM) 3Q22 3Q23 3Q24 3Q25 $0 $100 $200 $300 $400 0.0 2.0 4.0 6.0 8.0 1,199 1,629 2,042 2,442 3Q22 3Q23 3Q24 3Q25 0 1,000 2,000 3,000 86% 86% 86% 86% 4Q24 1Q25 2Q25 3Q25 0% 25% 50% 75% 100% Client Engagement Digital Volumes Global Banking Digital Update 24 Digital Adoption

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Note: Amounts may not total due to rounding. S&T stands for sales and trading. 1 See slide 27 for business leadership sources. 2 Represents a non-GAAP financial measure. 2025 YTD Global Markets revenue was $18.8B, both including and excluding net DVA. Reported Global Markets revenue mix and FICC sales and trading revenue mix percentages were the same including and excluding net DVA. Reported S&T revenue was $16.4B, $14.7B, $13.8B, and $13.0B for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Reported FICC S&T revenue was $9.8B, $8.9B, $8.8B, and $7.8B for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Reported Equities S&T revenue was $6.6B, $5.8B, $4.9B, and $5.2B for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. See note F on slide 26 and slide 29 for important presentation information. 3 Macro includes currencies, interest rates, and commodities products. 4 See note G on slide 26 for definition of VaR. Global Markets Trends and Revenue Mix 2025 YTD Global Markets Revenue Mix (excl. net DVA)2 Business Leadership1 • Global Derivatives House of the Year(N) • CLO Trading Desk of the Year(N) • CMBS Bank of the Year(N) • Best Sell-Side Trading Desk(O) • Equity Derivatives House of the Year(P) • No. 1 All-America Trading(Q) • No. 1 Municipal Bonds Underwriter(R) • No. 2 Top Global Research Firm(Q) 2025 YTD Total FICC S&T Revenue Mix (excl. net DVA)2 Total Sales and Trading Revenue (excl. net DVA) ($B)2 Average Trading-Related Assets ($B) and VaR ($MM)4 $12.8 $13.9 $14.8 $16.4 7.6 8.9 9.0 9.8 5.2 4.9 5.8 6.6 FICC Equities 2022 YTD 2023 YTD 2024 YTD 2025 YTD $0.0 $5.0 $10.0 $15.0 $20.0 $598 $619 $638 $682 $117 $76 $67 $80 Avg. trading-related assets Avg. VaR 2022 YTD 2023 YTD 2024 YTD 2025 YTD $0 $200 $400 $600 $800 $0 $50 $100 $150 $200 59% 41% U.S. / Canada International 43% 57% Credit / Other Macro 25 3

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A Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of U.S. government securities, U.S. agency securities, U.S. agency MBS, and a select group of non-U.S. government and supranational securities, and other investment-grade securities, and are readily available to meet funding requirements as they arise. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. B Reserve build (or release) is calculated by subtracting net charge-offs for the period from the provision for credit losses recognized in that period. The period-end allowance, or reserve, for credit losses reflects the beginning of the period allowance adjusted for net charge-offs recorded in that period plus the provision for credit losses and other valuation accounts recognized in that period. C Pretax, pre-provision income (PTPI) at the consolidated level is a non-GAAP financial measure calculated by adjusting consolidated pretax income to add back provision for credit losses. Similarly, PTPI at the segment level is a non-GAAP financial measure calculated by adjusting the segments' pretax income to add back provision for credit losses. Management believes that PTPI (both at the consolidated and segment level) is a useful financial measure as it enables an assessment of the Corporation's ability to generate earnings to cover credit losses through a credit cycle as well as provides an additional basis for comparing the Corporation's results of operations between periods by isolating the impact of provision for credit losses, which can vary significantly between periods. See reconciliation below. D Interest rate sensitivity as of September 30, 2025, reflects the potential pretax impact to forecasted net interest income over the next 12 months from September 30, 2025, resulting from an instantaneous parallel shock to the market-based forward curve. As part of our asset and liability management activities, we use securities, certain residential mortgages, and interest rate and foreign exchange derivatives in managing interest rate sensitivity. The sensitivity analysis assumes that we take no action in response to this rate shock and does not assume any change in other macroeconomic variables normally correlated with changes in interest rates. The sensitivity analysis incorporates potential movements in customer behavior that could result in changes in both total customer deposit balances and balance mix in various interest rate scenarios. In lower rate scenarios, the analysis assumes that a portion of higher-yielding deposits or market-based funding are replaced with low-cost or noninterest-bearing deposits. E Forward-looking statements related to the Corporation's NII outlook are based on the Corporation's baseline NII forecast that takes into account expected future business growth, ALM positioning, and the future direction of interest rate movements as implied by market-based curves. These statements are not guarantees of future results or performance and involve known and unknown risks, uncertainties, and assumptions that are difficult to predict and are often beyond the Corporation's control. For more information, see Forward-Looking Statements on slide 28. F Revenue for all periods included net debit valuation adjustments (DVA) on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities. Net DVA gains (losses) were $14MM, ($51MM), and ($8MM) for 3Q25, 2Q25, and 3Q24, respectively, and ($18MM), ($94MM), ($104MM), and $213MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Net DVA gains (losses) included in FICC revenue were $14MM, ($54MM), and ($8MM) for 3Q25, 2Q25, and 3Q24, respectively, and ($25MM), ($79MM), ($99MM), and $205MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Net DVA gains (losses) included in Equities revenue were $0MM, $3MM, and $0MM for 3Q25, 2Q25, and 3Q24, respectively, and $7MM, ($15MM), ($5MM), and $8MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. G VaR model uses a historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level. Using a 95% confidence level, average VaR was $29MM, $35MM, and $34MM for 3Q25, 2Q25, and 3Q24 respectively, and $35MM, $34MM, $30MM, and $27MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Beginning in 1Q25, the VaR amounts for all periods presented are those used in the Corporation's risk management of its trading portfolios. Previously, the VaR amounts presented were those used for regulatory capital. The trading portfolio represents trading assets and liabilities, primarily consisting of regular underwriting or dealing in securities and derivative contracts, and acquiring positions as an accommodation to customers. H In 3Q25, adjusted ETR of 23% is calculated as ETR of 10% plus 13 percentage points for the tax rate effects of tax credits and discrete tax items totaling $1.2B. We believe the presentation of adjusted ETR is useful because it provides additional information to assess the Corporation's results of operations. Notes $ in millions 3Q25 2Q25 3Q24 Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Consumer Banking $4,582 $1,009 $5,591 $3,964 $1,282 $5,246 $3,582 $1,302 $4,884 Global Wealth & Investment Management 1,686 4 1,690 1,324 20 1,344 1,415 7 1,422 Global Banking 2,932 269 3,201 2,343 277 2,620 2,614 229 2,843 Global Markets 2,320 9 2,329 2,152 22 2,174 2,180 7 2,187 All Other (1,910) 4 (1,906) (1,950) (9) (1,959) (2,320) (3) (2,323) Total Corporation $9,456 $1,295 $10,751 $7,688 $1,592 $9,280 $7,324 $1,542 $8,866 26

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![](bac093025ex992027.jpg)

Business Leadership Sources (A) FFIEC Call Reports, 2Q25. (B) FDIC, 2Q25. (C) J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.\* (D) J.D. Power 2025 U.S. Mobile App Satisfaction Study measures overall satisfaction with banking app channel in the first quarter of 2025. For more information, visit jdpower.com/ awards.\* (E) StockBrokers.com\* 2025 Annual Awards. (F) Global Private Banker Innovation Awards, 2025. (G) WealthManagement.com,\* 2025. (H) Global Finance, 2025. (I) Euromoney, 2024. (J) Treasury Management International, 2025. (K) Coalition Greenwich, 2025. (L) Celent, 2025. (M) Asian Banker, 2025. (N) GlobalCapital, 2025. (O) Global Markets Choice Awards, 2025. (P) Risk Awards, 2025. (Q) Extel, 2024. (R) LSEG-Refinitiv, YTD 2025. 27 \* Website content is not incorporated by reference into this presentation.

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![](bac093025ex992028.jpg)

Forward-Looking Statements Bank of America Corporation (the Corporation) and its management may make certain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "anticipates," "targets," "expects," "hopes," "estimates," "intends," "plans," "goals," "outlook," "believes," "continue" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements represent the Corporation's current expectations, plans or forecasts of its future results, revenues, liquidity, net interest income, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, deposits, assets, 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 the Corporation's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. You should not place undue reliance on any forward-looking statement and should consider the following uncertainties and risks, as well as the risks and uncertainties more fully discussed under Item 1A. Risk Factors of the Corporation's 2024 Annual Report on Form 10-K and in any of the Corporation's subsequent U.S. Securities and Exchange Commission filings: the Corporation's potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory investigations, proceedings and enforcement actions, which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation's anti-money laundering and economic sanctions programs and the processing of electronic payments, including through the Zelle network, and related fraud, which are in various stages; in connection with ongoing litigation, the impact of certain changes to Visa's and Mastercard's respective card payment network rules and reductions in interchange fees for U.S.-based merchants; the possibility that the Corporation's future liabilities may be in excess of its recorded liability and estimated range of possible loss for litigation, and regulatory and government actions; the Corporation's ability to resolve representations and warranties repurchase and related claims; the impact of U.S. and global interest rates (including the potential for ongoing fluctuations in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and / or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, which may have varying effects across industries and geographies and geopolitical instability; the risks related to the discontinuation of reference rates, including increased expenses and litigation and the effectiveness of hedging strategies; uncertainties about the financial stability and growth rates of non-U.S. jurisdictions, the risk that those jurisdictions may face difficulties servicing their sovereign debt, and related stresses on financial markets, currencies and trade, and the Corporation's exposures to such risks, including direct, indirect and operational; the impact of the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation's assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, which may include unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of trade policies, supply chain disruptions, inflationary pressures and labor shortages on economic conditions and our business; potential losses related to the Corporation's concentration of credit risk; the Corporation's ability to achieve its expense targets and expectations regarding revenue, net interest income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; adverse changes to the Corporation's credit ratings from the major credit rating agencies; an inability to access capital markets or maintain deposits or borrowing costs; estimates of the fair value and other accounting values, subject to impairment assessments, of certain of the Corporation's assets and liabilities; the estimated or actual impact of changes in accounting standards or assumptions in applying those standards; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements; the impact of adverse changes to total loss-absorbing capacity requirements, stress capital buffer requirements and / or global systemically important bank surcharges; the potential impact of actions of the Board of Governors of the Federal Reserve System on the Corporation's capital plans; the effect of changes in or interpretations of income tax laws and regulations, including impacts from the 2025 budget reconciliation legislation; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation's operations or information systems, or those of various third parties, including regulators and federal and state governments, such as from cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental goals or the impact of any changes in the Corporation's sustainability or human capital management strategy or goals; the impact of uncertain or changing political conditions, federal government shutdowns and uncertainty regarding the federal government's debt limit or changes in fiscal, monetary, trade or regulatory policy; the emergence of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflicts in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), civil unrest, terrorism or other geopolitical events; and other matters. Forward-looking statements speak only as of the date they are made, and the Corporation 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. 28

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![](bac093025ex992029.jpg)

Important Presentation Information 29 • The information contained herein is preliminary and based on Corporation data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying slides. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. • The Corporation may present certain metrics and ratios, including year-over-year comparisons of revenue, noninterest expense, and pretax income, excluding certain items (e.g., DVA) that are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. For more information about the non-GAAP financial measures contained herein, please see the presentation of the most directly comparable financial measures calculated in accordance with GAAP and accompanying reconciliations in the earnings press release for the quarter ended September 30, 2025, and other earnings-related information available through the Bank of America Investor Relations website at: https://investor.bankofamerica.com/quarterly-earnings, the content of which is not incorporated by reference into this presentation. • The Corporation presents certain key financial and nonfinancial performance indicators (KPIs) that management uses when assessing consolidated and / or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. KPIs are presented herein, including in the 3Q25 Financial Results on slide 3 and the Summary Income Statement for each segment. • The Corporation also views revenue, net interest income, and related ratios and analyses on a fully taxable-equivalent (FTE) basis, which when presented on a consolidated basis are non- GAAP financial measures. The Corporation believes managing the business with net interest income on an FTE basis provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that the presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. The FTE adjustment was $154MM, $145MM, $145MM, $154MM, and $147MM for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively. • The Corporation allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. Allocated capital is reviewed periodically and refinements are made based on multiple considerations that include, but are not limited to, risk-weighted assets measured under Basel 3 Standardized and Advanced approaches, business segment exposures and risk profile, and strategic plans. As a result of this process, in 1Q25, the Corporation adjusted the amount of capital being allocated to its business segments.

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![](bac093025ex992030.jpg)

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## Exhibit 99.3

![baclogo2020.jpg](baclogo2020.jpg)

**Supplemental Information**

**Third Quarter 2025**

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

Current-period information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America Corporation (the Corporation) does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in the Corporation's reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC's website (www.sec.gov\*) or at the Corporation's website (www.bankofamerica.com\*). The Corporation's future financial performance is subject to risks and uncertainties as described in its SEC filings.

\* Website content is not incorporated by reference into this Supplemental Information.

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| | |
|:---|:---|
| **Bank of America Corporation and Subsidiaries**<br>**Table of Contents** |<br>**Page** |
| <u>[Consolidated Financial Highlights](#ic6ad023890c24ba7981dd11b2cdabc55_13)</u> | <u>[2](#ic6ad023890c24ba7981dd11b2cdabc55_13)</u> |
| <u>[Consolidated Statement of Income](#ic6ad023890c24ba7981dd11b2cdabc55_16)</u> | <u>[3](#ic6ad023890c24ba7981dd11b2cdabc55_16)</u> |
| <u>[Consolidated Statement of Comprehensive Income](#ic6ad023890c24ba7981dd11b2cdabc55_19)</u> | <u>[3](#ic6ad023890c24ba7981dd11b2cdabc55_19)</u> |
| <u>[Net Interest Income and Noninterest Income](#ic6ad023890c24ba7981dd11b2cdabc55_22)</u> | <u>[4](#ic6ad023890c24ba7981dd11b2cdabc55_22)</u> |
| <u>[Consolidated Balance Sheet](#ic6ad023890c24ba7981dd11b2cdabc55_25)</u> | <u>[5](#ic6ad023890c24ba7981dd11b2cdabc55_25)</u> |
| <u>[Capital Management](#ic6ad023890c24ba7981dd11b2cdabc55_28)</u> | <u>[6](#ic6ad023890c24ba7981dd11b2cdabc55_28)</u> |
| <u>[Capital Composition under Basel 3](#ic6ad023890c24ba7981dd11b2cdabc55_31)</u> | <u>[7](#ic6ad023890c24ba7981dd11b2cdabc55_31)</u> |
| <u>[Quarterly Average Balances and Interest Rates](#ic6ad023890c24ba7981dd11b2cdabc55_34)</u> | <u>[8](#ic6ad023890c24ba7981dd11b2cdabc55_34)</u> |
| <u>[Debt Securities](#ic6ad023890c24ba7981dd11b2cdabc55_37)</u> | <u>[9](#ic6ad023890c24ba7981dd11b2cdabc55_37)</u> |
| <u>[Supplemental Financial Data](#ic6ad023890c24ba7981dd11b2cdabc55_40)</u> | <u>[10](#ic6ad023890c24ba7981dd11b2cdabc55_40)</u> |
| <u>[Quarterly Results by Business Segment and All Other](#ic6ad023890c24ba7981dd11b2cdabc55_43)</u> | <u>[11](#ic6ad023890c24ba7981dd11b2cdabc55_43)</u> |
| <u>[Year-to-Date Results by Business Segment and All Other](#ic6ad023890c24ba7981dd11b2cdabc55_46)</u> | <u>[13](#ic6ad023890c24ba7981dd11b2cdabc55_46)</u> |
| Consumer Banking |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic6ad023890c24ba7981dd11b2cdabc55_49)</u> | <u>[14](#ic6ad023890c24ba7981dd11b2cdabc55_49)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic6ad023890c24ba7981dd11b2cdabc55_52)</u> | <u>[15](#ic6ad023890c24ba7981dd11b2cdabc55_52)</u> |
| Global Wealth & Investment Management |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic6ad023890c24ba7981dd11b2cdabc55_61)</u> | <u>[16](#ic6ad023890c24ba7981dd11b2cdabc55_61)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic6ad023890c24ba7981dd11b2cdabc55_64)</u> | <u>[17](#ic6ad023890c24ba7981dd11b2cdabc55_64)</u> |
| Global Banking |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic6ad023890c24ba7981dd11b2cdabc55_67)</u> | <u>[18](#ic6ad023890c24ba7981dd11b2cdabc55_67)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic6ad023890c24ba7981dd11b2cdabc55_70)</u> | <u>[19](#ic6ad023890c24ba7981dd11b2cdabc55_70)</u> |
| Global Markets |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic6ad023890c24ba7981dd11b2cdabc55_73)</u> | <u>[20](#ic6ad023890c24ba7981dd11b2cdabc55_73)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic6ad023890c24ba7981dd11b2cdabc55_76)</u> | <u>[21](#ic6ad023890c24ba7981dd11b2cdabc55_76)</u> |
| All Other |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Results](#ic6ad023890c24ba7981dd11b2cdabc55_79)</u> | <u>[22](#ic6ad023890c24ba7981dd11b2cdabc55_79)</u> |
| <u>[Outstanding Loans and Leases](#ic6ad023890c24ba7981dd11b2cdabc55_82)</u> | <u>[23](#ic6ad023890c24ba7981dd11b2cdabc55_82)</u> |
| <u>[Quarterly Average Loans and Leases by Business Segment and All Other](#ic6ad023890c24ba7981dd11b2cdabc55_85)</u> | <u>[24](#ic6ad023890c24ba7981dd11b2cdabc55_85)</u> |
| <u>[Commercial Credit Exposure by Industry](#ic6ad023890c24ba7981dd11b2cdabc55_88)</u> | <u>[25](#ic6ad023890c24ba7981dd11b2cdabc55_88)</u> |
| <u>[Nonperforming Loans, Leases and Foreclosed Properties](#ic6ad023890c24ba7981dd11b2cdabc55_91)</u> | <u>[26](#ic6ad023890c24ba7981dd11b2cdabc55_91)</u> |
| <u>[Nonperforming Loans, Leases and Foreclosed Properties Activity](#ic6ad023890c24ba7981dd11b2cdabc55_94)</u> | <u>[27](#ic6ad023890c24ba7981dd11b2cdabc55_94)</u> |
| <u>[Quarterly Net Charge-offs and Net Charge-off Ratios](#ic6ad023890c24ba7981dd11b2cdabc55_97)</u> | <u>[28](#ic6ad023890c24ba7981dd11b2cdabc55_97)</u> |
| <u>[Year-to-Date Net Charge-offs and Net Charge-off Ratios](#ic6ad023890c24ba7981dd11b2cdabc55_100)</u> | <u>[29](#ic6ad023890c24ba7981dd11b2cdabc55_100)</u> |
| <u>[Allocation of the Allowance for Credit Losses by Product Type](#ic6ad023890c24ba7981dd11b2cdabc55_103)</u> | <u>[30](#ic6ad023890c24ba7981dd11b2cdabc55_103)</u> |
| <u>[Exhibit A: Non-GAAP Reconciliations](#ic6ad023890c24ba7981dd11b2cdabc55_106)</u> | <u>[31](#ic6ad023890c24ba7981dd11b2cdabc55_106)</u> |
| **<u>Key Performance Indicators</u>** | **<u>Key Performance Indicators</u>** |
| The Corporation presents certain key financial and nonfinancial performance indicators that management uses when assessing consolidated and/or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. Key performance indicators are presented in Consolidated Financial Highlights on page 2 and on the Key Indicators pages for each segment. | The Corporation presents certain key financial and nonfinancial performance indicators that management uses when assessing consolidated and/or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. Key performance indicators are presented in Consolidated Financial Highlights on page 2 and on the Key Indicators pages for each segment. |
| **<u>Business Segment Operations</u>** | **<u>Business Segment Operations</u>** |
| The Corporation reports the results of operations of its four business segments and *All Other* on a fully taxable-equivalent (FTE) basis. Additionally, the results for the total Corporation as presented on pages 11 - 13 are reported on an FTE basis. | The Corporation reports the results of operations of its four business segments and *All Other* on a fully taxable-equivalent (FTE) basis. Additionally, the results for the total Corporation as presented on pages 11 - 13 are reported on an FTE basis. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Consolidated Financial Highlights** | **Consolidated Financial Highlights** | **Consolidated Financial Highlights** | **Consolidated Financial Highlights** | **Consolidated Financial Highlights** | **Consolidated Financial Highlights** | **Consolidated Financial Highlights** | **Consolidated Financial Highlights** |
| (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Income statement** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $**44346** | $41701 | $**15233** | $14670 | $14443 | $14359 | $13967 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest income | **37571** | 34839 | **12855** | 11793 | 12923 | 10988 | 11378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **81917** | 76540 | **28088** | 26463 | 27366 | 25347 | 25345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | **4367** | 4369 | **1295** | 1592 | 1480 | 1452 | 1542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest expense | **52290** | 50025 | **17337** | 17183 | 17770 | 16787 | 16479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **25260** | 22146 | **9456** | 7688 | 8116 | 7108 | 7324 |
| &nbsp;&nbsp;&nbsp;Pretax, pre-provision income <sup>(1)</sup> | **29627** | 26515 | **10751** | 9280 | 9596 | 8560 | 8866 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | **2279** | 1679 | **987** | 572 | 720 | 443 | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | **22981** | 20467 | **8469** | 7116 | 7396 | 6665 | 6896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividends | **1126** | 1363 | **429** | 291 | 406 | 266 | 516 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to common shareholders | **21855** | 19104 | **8040** | 6825 | 6990 | 6399 | 6380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | **2.85** | 2.40 | **1.06** | 0.89 | 0.90 | 0.82 | 0.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average diluted common shares issued and outstanding | **7724.7** | 7965.0 | **7627.1** | 7651.6 | 7770.8 | 7843.7 | 7902.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends paid per common share | $**0.80** | $0.74 | $**0.28** | $0.26 | $0.26 | $0.26 | $0.26 |
| **Performance ratios** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average assets | **0.90%** | 0.84% | **0.98%** | 0.83% | 0.89% | 0.80% | 0.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average common shareholders' equity | **10.63** | 9.59 | **11.53** | 9.98 | 10.36 | 9.37 | 9.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average shareholders' equity | **10.30** | 9.31 | **11.13** | 9.61 | 10.14 | 8.98 | 9.30 |
| &nbsp;&nbsp;&nbsp;Return on average tangible common shareholders' equity <sup>(2)</sup> | **14.27** | 13.02 | **15.43** | 13.40 | 13.94 | 12.63 | 12.76 |
| &nbsp;&nbsp;&nbsp;Return on average tangible shareholders' equity <sup>(2)</sup> | **13.47** | 12.23 | **14.49** | 12.58 | 13.29 | 11.78 | 12.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio | **63.83** | 65.36 | **61.73** | 64.93 | 64.93 | 66.23 | 65.02 |
| **At period end** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value per share of common stock | $**37.95** | 35.37 | $**37.95** | $37.13 | $36.39 | $35.79 | $35.37 |
| &nbsp;&nbsp;&nbsp;Tangible book value per share of common stock <sup>(2)</sup> | **28.39** | 26.25 | **28.39** | 27.71 | 27.12 | 26.58 | 26.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market capitalization | **378125** | 305090 | **378125** | 351904 | 315482 | 334497 | 305090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Number of financial centers - U.S. | **3649** | 3741 | **3649** | 3664 | 3681 | 3700 | 3741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Number of branded ATMs - U.S. | **14920** | 14900 | **14920** | 14904 | 14866 | 14893 | 14900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Headcount | **213384** | 213491 | **213384** | 213388 | 212732 | 213193 | 213491 |

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<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Pretax, pre-provision income (PTPI) is a non-GAAP financial measure calculated by adjusting pretax income to add back provision for credit losses. Management believes that PTPI is a useful financial measure because it enables an assessment of the Corporation's ability to generate earnings to cover credit losses through a credit cycle. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on page 31.)

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on page 31.)

 

Current-period information is preliminary and based on company data available at the time of the presentation. 2

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Consolidated Statement of Income** | **Consolidated Statement of Income** | **Consolidated Statement of Income** | **Consolidated Statement of Income** | **Consolidated Statement of Income** | **Consolidated Statement of Income** | **Consolidated Statement of Income** | **Consolidated Statement of Income** |
| (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) | (In millions, except per share information) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Net interest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income | $**104305** | $110630 | $**35366** | $34873 | $34066 | $35977 | $37491 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | **59959** | 68929 | **20133** | 20203 | 19623 | 21618 | 23524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | **44346** | 41701 | **15233** | 14670 | 14443 | 14359 | 13967 |
| **Noninterest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions | **29221** | 26748 | **10337** | 9469 | 9415 | 9543 | 9119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **9940** | 10464 | **3203** | 3153 | 3584 | 2503 | 3278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | **(1590)** | (2373) | **(685)** | (829) | (76) | (1058) | (1019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **37571** | 34839 | **12855** | 11793 | 12923 | 10988 | 11378 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total revenue, net of interest expense** | **81917** | 76540 | **28088** | 26463 | 27366 | 25347 | 25345 |
| **Provision for credit losses** | **4367** | 4369 | **1295** | 1592 | 1480 | 1452 | 1542 |
| **Noninterest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compensation and benefits | **31744** | 29937 | **10523** | 10332 | 10889 | 10245 | 9916 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | **5564** | 5465 | **1872** | 1836 | 1856 | 1824 | 1836 |
| &nbsp;&nbsp;&nbsp;&nbsp;Information processing and communications | **5540** | 5347 | **1827** | 1819 | 1894 | 1884 | 1784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Product delivery and transaction related | **2913** | 2591 | **1025** | 974 | 914 | 903 | 849 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | **1898** | 1925 | **606** | 640 | 652 | 744 | 723 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing | **1641** | 1446 | **572** | 563 | 506 | 510 | 504 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other general operating | **2990** | 3314 | **912** | 1019 | 1059 | 677 | 867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | **52290** | 50025 | **17337** | 17183 | 17770 | 16787 | 16479 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Income before income taxes** | **25260** | 22146 | **9456** | 7688 | 8116 | 7108 | 7324 |
| **Income tax expense (benefit)** | **2279** | 1679 | **987** | 572 | 720 | 443 | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**22981** | $20467 | $**8469** | $7116 | $7396 | $6665 | $6896 |
| **Preferred stock dividends** | **1126** | 1363 | **429** | 291 | 406 | 266 | 516 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income applicable to common shareholders** | $**21855** | $19104 | $**8040** | $6825 | $6990 | $6399 | $6380 |
| **Per common share information** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Earnings | $**2.89** | $2.42 | $**1.08** | $0.90 | $0.91 | $0.83 | $0.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings | **2.85** | 2.40 | **1.06** | 0.89 | 0.90 | 0.82 | 0.81 |
| **Average common shares issued and outstanding** | **7574.5** | 7894.7 | **7466.0** | 7581.2 | 7677.9 | 7738.4 | 7818.0 |
| **Average diluted common shares issued and outstanding** | **7724.7** | 7965.0 | **7627.1** | 7651.6 | 7770.8 | 7843.7 | 7902.1 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** | **Consolidated Statement of Comprehensive Income** |
| (Dollars in millions) |  |  |  |  |  |  |  |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Net income** | $**22981** | $20467 | $**8469** | $7116 | $7396 | $6665 | $6896 |
| **Other comprehensive income (loss), net-of-tax:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in debt securities | **489** | 444 | **438** | (315) | 366 | (286) | 417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in debit valuation adjustments | **(161)** | (135) | **(305)** | (153) | 297 | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in derivatives | **3145** | 3100 | **636** | 1196 | 1313 | (672) | 2830 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee benefit plan adjustments | **37** | 75 | **(16)** | 26 | 27 | 56 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in foreign currency translation adjustments | **30** | (30) | **6** | 13 | 11 | (57) | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Other comprehensive income (loss)** | **3540** | 3454 | **759** | 767 | 2014 | (951) | 3295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Comprehensive income** | $**26521** | $23921 | $**9228** | $7883 | $9410 | $5714 | $10191 |

---

Current-period information is preliminary and based on company data available at the time of the presentation. 3

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** | **Net Interest Income and Noninterest Income** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Net interest income** |  |  |  |  |  |  |  |
| Interest income |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases | $**47065** | $46303 | $**16191** | $15651 | $15223 | $15690 | $15725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt securities | **20638** | 19295 | **6958** | 6913 | 6767 | 6712 | 6833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold and securities borrowed or purchased under agreements to resell | **11670** | 15530 | **3802** | 4094 | 3774 | 4381 | 5196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading account assets | **9260** | 7697 | **3195** | 3057 | 3008 | 2679 | 2726 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest income | **15672** | 21805 | **5220** | 5158 | 5294 | 6515 | 7011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | **104305** | 110630 | **35366** | 34873 | 34066 | 35977 | 37491 |
| Interest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | **26245** | 28918 | **8932** | 8681 | 8632 | 9524 | 10125 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | **21570** | 26545 | **7172** | 7435 | 6963 | 7993 | 8940 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading account liabilities | **2055** | 1624 | **672** | 676 | 707 | 567 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | **10089** | 11842 | **3357** | 3411 | 3321 | 3534 | 3921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | **59959** | 68929 | **20133** | 20203 | 19623 | 21618 | 23524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net interest income** | $**44346** | $41701 | $**15233** | $14670 | $14443 | $14359 | $13967 |
| **Noninterest income** |  |  |  |  |  |  |  |
| Fees and commissions |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Card income |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interchange fees <sup>(1)</sup> | $**2942** | $2984 | $**990** | $1036 | $916 | $1029 | $1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other card income | **1851** | 1678 | **639** | 610 | 602 | 593 | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total card income | **4793** | 4662 | **1629** | 1646 | 1518 | 1622 | 1618 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit-related fees | **3760** | 3492 | **1267** | 1265 | 1228 | 1216 | 1198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lending-related fees | **1048** | 1009 | **365** | 350 | 333 | 338 | 354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total service charges | **4808** | 4501 | **1632** | 1615 | 1561 | 1554 | 1552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset management fees | **11408** | 10173 | **3972** | 3698 | 3738 | 3702 | 3533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokerage fees | **3248** | 2880 | **1091** | 1082 | 1075 | 1011 | 1013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment and brokerage services | **14656** | 13053 | **5063** | 4780 | 4813 | 4713 | 4546 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Underwriting income | **2568** | 2512 | **992** | 806 | 770 | 763 | 742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Syndication fees | **1096** | 886 | **438** | 289 | 369 | 335 | 274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial advisory services | **1300** | 1134 | **583** | 333 | 384 | 556 | 387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment banking fees | **4964** | 4532 | **2013** | 1428 | 1523 | 1654 | 1403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | **29221** | 26748 | **10337** | 9469 | 9415 | 9543 | 9119 |
| Market making and similar activities | **9940** | 10464 | **3203** | 3153 | 3584 | 2503 | 3278 |
| Other income (loss) | **(1590)** | (2373) | **(685)** | (829) | (76) | (1058) | (1019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total noninterest income** | $**37571** | $34839 | $**12855** | $11793 | $12923 | $10988 | $11378 |

---

<sup>(1)</sup> Gross interchange fees and merchant income were $10.2 billion and $10.1 billion and are presented net of $7.3 billion and $7.1 billion of expenses for rewards and partner payments as well as certain other card costs for the nine months ended September 30, 2025 and 2024. Gross interchange fees and merchant income were $3.4 billion, $3.5 billion, $3.3 billion, $3.5 billion and $3.4 billion and are presented net of $2.5 billion, $2.4 billion, $2.4 billion, $2.4 billion and $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the third, second and first quarters of 2025 and the fourth and third quarters of 2024, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;

Current-period information is preliminary and based on company data available at the time of the presentation. 4

------

---

| | | | |
|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Consolidated Balance Sheet** | **Consolidated Balance Sheet** | **Consolidated Balance Sheet** | **Consolidated Balance Sheet** |
| (Dollars in millions) |  |  |  |
|  | **September 30<br>2025** | June 30<br>2025 | September 30<br>2024 |
| **Assets** |  |  |  |
| Cash and due from banks | $**25352** | $26661 | $24847 |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | **221155** | 239350 | 270742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | **246507** | 266011 | 295589 |
| Time deposits placed and other short-term investments | **8212** | 9377 | 8151 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | **325300** | 352392 | 337706 |
| Trading account assets | **335566** | 356584 | 342135 |
| Derivative assets | **42115** | 42711 | 34182 |
| Debt securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Carried at fair value | **404636** | 388930 | 325436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity, at cost | **531414** | 541286 | 567553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total debt securities | **936050** | 930216 | 892989 |
| Loans and leases | **1165900** | 1147056 | 1075800 |
| Allowance for loan and lease losses | **(13252)** | (13291) | (13251) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, net of allowance | **1152648** | 1133765 | 1062549 |
| Premises and equipment, net | **12348** | 12254 | 12033 |
| Goodwill | **69021** | 69021 | 69021 |
| Loans held-for-sale | **6831** | 5401 | 10351 |
| Customer and other receivables | **99863** | 93964 | 91267 |
| Other assets | **168755** | 169446 | 168320 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3403216** | $3441142 | $3324293 |
| **Liabilities** |  |  |  |
| Deposits in U.S. offices: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $**510208** | $514530 | $498263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | **1354445** | 1363483 | 1308856 |
| Deposits in non-U.S. offices: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | **14690** | 14440 | 15457 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | **122865** | 119160 | 107776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2002208** | 2011613 | 1930352 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | **342088** | 399460 | 397958 |
| Trading account liabilities | **117322** | 107426 | 98316 |
| Derivative liabilities | **40157** | 41693 | 43131 |
| Short-term borrowings | **54200** | 47891 | 38440 |
| Accrued expenses and other liabilities | **231605** | 220042 | 222657 |
| Long-term debt | **311484** | 313418 | 296927 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | **3099064** | 3141543 | 3027781 |
| **Shareholders' equity** |  |  |  |
| Preferred stock, $0.01 par value; authorized – **100,000,000** shares; issued and outstanding – **3,991,164**, 3,891,164 and 3,933,917 shares | **25992** | 23495 | 24554 |
| Common stock and additional paid-in capital, $0.01 par value; authorized – **12,800,000,000** shares; issued and outstanding – **7,329,421,929,** 7,436,679,485 and 7,688,767,832 shares | **31764** | 36428 | 48338 |
| Retained earnings | **258141** | 252180 | 237954 |
| Accumulated other comprehensive income (loss) | **(11745)** | (12504) | (14334) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total shareholders' equity** | **304152** | 299599 | 296512 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3403216** | $3441142 | $3324293 |
| **Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)** | **Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)** | **Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)** | **Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)** |
| Trading account assets | $**6063** | $5668 | $6280 |
| Loans and leases | **18007** | 18617 | 19267 |
| Allowance for loan and lease losses | **(889)** | (917) | (923) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, net of allowance | **17118** | 17700 | 18344 |
| All other assets | **614** | 633 | 278 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets of consolidated variable interest entities** | $**23795** | $24001 | $24902 |
| **Liabilities of consolidated variable interest entities included in total liabilities above** | **Liabilities of consolidated variable interest entities included in total liabilities above** | **Liabilities of consolidated variable interest entities included in total liabilities above** | **Liabilities of consolidated variable interest entities included in total liabilities above** |
| Short-term borrowings | $**4980** | $4359 | $3542 |
| Long-term debt | **8420** | 8839 | 8873 |
| All other liabilities | **22** | 23 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities of consolidated variable interest entities** | $**13422** | $13221 | $12437 |

---

Current-period information is preliminary and based on company data available at the time of the presentation. 5

------

---

| | | | |
|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Capital Management** | **Capital Management** | **Capital Management** | **Capital Management** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **September 30<br>2025** | June 30<br>2025 | September 30<br>2024 |
| **Risk-based capital metrics** <sup>(1)</sup>**:** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Standardized Approach** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital | $**202875** | $201200 | $199805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital | **228829** | 224684 | 222942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital | **263414** | 259508 | 252381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk-weighted assets | **1752834** | 1748273 | 1688751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | **11.6%** | 11.5% | 11.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital ratio | **13.1** | 12.9 | 13.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital ratio | **15.0** | 14.8 | 14.9 |
| &nbsp;&nbsp;&nbsp;**Advanced Approaches** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital | $**202875** | $201200 | $199805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital | **228829** | 224684 | 222942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital | **252621** | 249000 | 241794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk-weighted assets | **1547755** | 1546112 | 1482451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | **13.1%** | 13.0% | 13.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital ratio | **14.8** | 14.5 | 15.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital ratio | **16.3** | 16.1 | 16.3 |
| **Leverage-based metrics** <sup>(1)</sup>**:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted average assets | $**3356512** | $3353376 | $3217562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 leverage ratio | **6.8%** | 6.7% | 6.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Supplementary leverage exposure | $**3976930** | $3956615 | $3787646 |
| &nbsp;&nbsp;&nbsp;&nbsp;Supplementary leverage ratio | **5.8%** | 5.7% | 5.9% |
| Total ending equity to total ending assets ratio | **8.9** | 8.7 | 8.9 |
| Common equity ratio | **8.2** | 8.0 | 8.2 |
| Tangible equity ratio <sup>(2)</sup> | **7.0** | 6.8 | 7.0 |
| Tangible common equity ratio <sup>(2)</sup> | **6.2** | 6.1 | 6.2 |

---

<sup>(1)</sup> Regulatory capital ratios at September 30, 2025 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation's binding ratio was the Total capital ratio under the Standardized approach for all periods presented.

<sup>(2)</sup> Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders' equity divided by period-end tangible assets. Tangible shareholders' equity and tangible assets are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on page 31.)

Current-period information is preliminary and based on company data available at the time of the presentation. 6

------

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| | | | |
|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries**<br>**Capital Composition under Basel 3** | | | |
| (Dollars in millions) |  |  |  |
|  | **September 30<br>2025** | June 30<br>2025 | September 30<br>2024 |
| Total common shareholders' equity | $**278160** | $276104 | $271958 |
| CECL transitional amount <sup>(1)</sup> | **—** |  | 627 |
| Goodwill, net of related deferred tax liabilities | **(68653)** | (68649) | (68648) |
| Deferred tax assets arising from net operating loss and tax credit carryforwards | **(8483)** | (8452) | (8188) |
| Intangibles, other than mortgage servicing rights, net of related deferred tax liabilities | **(1401)** | (1410) | (1453) |
| Defined benefit pension plan net assets, net-of-tax | **(838)** | (817) | (801) |
| Cumulative unrealized net (gain) loss related to changes in fair value of financial liabilities attributable to own creditworthiness, net-of-tax | **1644** | 1349 | 1509 |
| Accumulated net (gain) loss on certain cash flow hedges <sup>(2)</sup>  | **2464** | 3094 | 4926 |
| Other | **(18)** | (19) | (125) |
| &nbsp;&nbsp;&nbsp;**Common equity tier 1 capital** | **202875** | 201200 | 199805 |
| Qualifying preferred stock, net of issuance cost | **25991** | 23494 | 23158 |
| Other | **(37)** | (10) | (21) |
| &nbsp;&nbsp;&nbsp;**Tier 1 capital** | **228829** | 224684 | 222942 |
| Tier 2 capital instruments | **20477** | 20634 | 16201 |
| Qualifying allowance for credit losses <sup>(3)</sup> | **14420** | 14499 | 13575 |
| Other | **(312)** | (309) | (337) |
| &nbsp;&nbsp;&nbsp;**Total capital under the Standardized approach** | **263414** | 259508 | 252381 |
| Adjustment in qualifying allowance for credit losses under the Advanced approaches <sup>(3)</sup> | **(10793)** | (10508) | (10587) |
| &nbsp;&nbsp;&nbsp;**Total capital under the Advanced approaches** | $**252621** | $249000 | $241794 |

---

<sup>(1)</sup> September 30, 2024 includes 25 percent of the current expected credit losses (CECL) transition provision's impact as of December 31, 2021. As of January 1, 2025, CECL transition provision's impact was fully phased-in.

<sup>(2)</sup> Includes amounts in accumulated other comprehensive income related to the hedging of items that are not recognized at fair value on the Consolidated Balance Sheet.

<sup>(3)</sup> September 30, 2024 includes the impact of transition provisions related to the CECL accounting standard.

Current-period information is preliminary and based on company data available at the time of the presentation. 7

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** | **Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 |
|  | **Average<br>Balance** | **Interest**<br>**Income/**<br>**Expense** <sup>(1)</sup> | **Yield/<br>Rate** | Average<br>Balance | Interest<br>Income/<br>Expense <sup>(1)</sup> | Yield/<br>Rate | Average<br>Balance | Interest<br>Income/<br>Expense <sup>(1)</sup> | Yield/<br>Rate |
| **Earning assets** |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits with the Federal Reserve,<br> non-U.S. central banks and other banks | $**264233** | $**2698** | **4.05%** | $274839 | $2843 | 4.15% | $320781 | $4129 | 5.12% |
| Time deposits placed and other short-term<br>&nbsp;&nbsp;&nbsp;&nbsp;investments | **9716** | **88** | **3.59** | 10405 | 89 | 3.43 | 10031 | 108 | 4.29 |
| Federal funds sold and securities borrowed or<br> purchased under agreements to resell | **316603** | **3802** | **4.76** | 353331 | 4094 | 4.65 | 323119 | 5196 | 6.40 |
| Trading account assets | **239048** | **3222** | **5.35** | 234282 | 3081 | 5.27 | 214980 | 2749 | 5.09 |
| Debt securities | **932588** | **6975** | **2.97** | 933065 | 6932 | 2.96 | 883562 | 6859 | 3.08 |
| Loans and leases <sup>(2)</sup> |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | **235301** | **2070** | **3.52** | 235130 | 2031 | 3.46 | 227800 | 1872 | 3.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **26413** | **390** | **5.86** | 26190 | 379 | 5.80 | 25664 | 418 | 6.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **100966** | **2932** | **11.52** | 100013 | 2846 | 11.41 | 99908 | 2924 | 11.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | **110127** | **1525** | **5.49** | 108955 | 1484 | 5.47 | 104732 | 1512 | 5.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | **472807** | **6917** | **5.82** | 470288 | 6740 | 5.74 | 458104 | 6726 | 5.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **443274** | **5953** | **5.33** | 427194 | 5709 | 5.36 | 391728 | 5358 | 5.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **154458** | **2121** | **5.45** | 149044 | 2016 | 5.42 | 125377 | 2222 | 7.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **66494** | **1044** | **6.23** | 65847 | 1023 | 6.23 | 69404 | 1275 | 7.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16002** | **216** | **5.37** | 16080 | 214 | 5.33 | 15115 | 201 | 5.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | **680228** | **9334** | **5.45** | 658165 | 8962 | 5.46 | 601624 | 9056 | 5.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | **1153035** | **16251** | **5.60** | 1128453 | 15702 | 5.58 | 1059728 | 15782 | 5.93 |
| Other earning assets | **124965** | **2484** | **7.89** | 115831 | 2277 | 7.89 | 105496 | 2815 | 10.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total earning assets** | **3040188** | **35520** | **4.64** | 3050206 | 35018 | 4.60 | 2917697 | 37638 | 5.14 |
| Cash and due from banks | **24963** |  |  | 24781 |  |  | 23435 |  |  |
| Other assets, less allowance for loan and lease losses | **370792** |  |  | 357747 |  |  | 355039 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3435943** |  |  | $3432734 |  |  | $3296171 |  |  |
| **Interest-bearing liabilities** |  |  |  |  |  |  |  |  |  |
| U.S. interest-bearing deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand and money market deposits <sup>(3)</sup> | $**1095931** | $**6063** | **2.19%** | $1078771 | $5739 | 2.13% | $1043182 | $6603 | 2.52% |
| &nbsp;&nbsp;&nbsp;Time and savings deposits <sup>(3)</sup> | **257475** | **1941** | **2.99** | 259261 | 1998 | 3.09 | 259999 | 2367 | 3.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. interest-bearing deposits | **1353406** | **8004** | **2.35** | 1338032 | 7737 | 2.32 | 1303181 | 8970 | 2.74 |
| Non-U.S. interest-bearing deposits | **125309** | **928** | **2.94** | 121921 | 944 | 3.11 | 110527 | 1155 | 4.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | **1478715** | **8932** | **2.40** | 1459953 | 8681 | 2.38 | 1413708 | 10125 | 2.85 |
| Federal funds purchased and securities loaned or sold<br> under agreements to repurchase | **392431** | **4800** | **4.85** | 414655 | 4946 | 4.78 | 383334 | 6193 | 6.43 |
| Short-term borrowings and other interest-bearing<br>&nbsp;&nbsp;&nbsp;&nbsp;liabilities | **178368** | **2372** | **5.28** | 183008 | 2489 | 5.45 | 147579 | 2747 | 7.41 |
| Trading account liabilities | **52452** | **672** | **5.08** | 53805 | 676 | 5.04 | 52973 | 538 | 4.04 |
| Long-term debt | **247425** | **3357** | **5.40** | 249104 | 3411 | 5.49 | 247338 | 3921 | 6.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-bearing liabilities** | **2349391** | **20133** | **3.40** | 2360525 | 20203 | 3.43 | 2244932 | 23524 | 4.17 |
| Noninterest-bearing sources |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | **512719** |  |  | 513808 |  |  | 507040 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities <sup>(4)</sup> | **271858** |  |  | 261484 |  |  | 249214 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | **301975** |  |  | 296917 |  |  | 294985 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3435943** |  |  | $3432734 |  |  | $3296171 |  |  |
| Net interest spread |  |  | **1.24%** |  |  | 1.17% |  |  | 0.97% |
| Impact of noninterest-bearing sources |  |  | **0.77** |  |  | 0.77 |  |  | 0.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net interest income/yield on earning assets** <sup>(5)</sup> |  | $**15387** | **2.01%** |  | $14815 | 1.94% |  | $14114 | 1.92% |

---

<sup>(1)</sup> Includes the impact of interest rate risk management contracts.

<sup>(2)</sup> Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis.

<sup>(3)</sup> Certain prior-period time and savings deposits have been reclassified to demand and money market deposits to conform to current-period presentation.

<sup>(4)</sup> Includes $66.2 billion, $58.8 billion and $49.5 billion of structured notes and liabilities for the third and second quarters of 2025 and the third quarter of 2024, respectively.

<sup>(5)</sup> Net interest income includes FTE adjustments of $154 million, $145 million and $147 million for the third and second quarters of 2025 and the third quarter of 2024, respectively.

Current-period information is preliminary and based on company data available at the time of the presentation. 8

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Debt Securities** | **Debt Securities** | **Debt Securities** | **Debt Securities** | **Debt Securities** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
|  | **Amortized<br>Cost** | **Gross<br>Unrealized<br>Gains** | **Gross<br>Unrealized<br>Losses** | **Fair<br>Value** |
| **Available-for-sale debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency | $**33308** | $**15** | $**(1383)** | $**31940** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency-collateralized mortgage obligations | **20418** | **14** | **(150)** | **20282** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | **32335** | **112** | **(424)** | **32023** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency residential | **275** | **54** | **(54)** | **275** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage-backed securities | **86336** | **195** | **(2011)** | **84520** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | **267405** | **198** | **(970)** | **266633** |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. securities | **28045** | **45** | **(13)** | **28077** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | **3093** | **10** | **(29)** | **3074** |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | **8145** | **19** | **(175)** | **7989** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total available-for-sale debt securities** | **393024** | **467** | **(3198)** | **390293** |
| **Other debt securities carried at fair value** <sup>(1)</sup> | **14272** | **162** | **(91)** | **14343** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities carried at fair value** | **407296** | **629** | **(3289)** | **404636** |
| **Held-to-maturity debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency mortgage-backed securities | **403854** | **—** | **(71037)** | **332817** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | **121232** | **—** | **(13093)** | **108139** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | **6363** | **2** | **(777)** | **5588** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total held-to-maturity debt securities** | **531449** | **2** | **(84907)** | **446544** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities** | $**938745** | $**631** | $**(88196)** | $**851180** |
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
| **Available-for-sale debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency | $30730 | $22 | $(1538) | $29214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency-collateralized mortgage obligations | 18990 | 6 | (199) | 18797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 31342 | 76 | (501) | 30917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency residential | 277 | 53 | (53) | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage-backed securities | 81339 | 157 | (2291) | 79205 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | 262218 | 138 | (1198) | 261158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. securities | 26384 | 58 | (20) | 26422 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | 3261 | 3 | (37) | 3227 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 8203 | 18 | (200) | 8021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total available-for-sale debt securities** | 381405 | 374 | (3746) | 378033 |
| **Other debt securities carried at fair value** <sup>(1)</sup> | 10664 | 311 | (78) | 10897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities carried at fair value** | 392069 | 685 | (3824) | 388930 |
| **Held-to-maturity debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency mortgage-backed securities | 413305 |  | (78149) | 335156 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | 121471 |  | (14139) | 107332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | 6546 | 2 | (857) | 5691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total held-to-maturity debt securities** | 541322 | 2 | (93145) | 448179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities** | $933391 | $687 | $(96969) | $837109 |

---

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements.

Current-period information is preliminary and based on company data available at the time of the presentation. 9

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** |
| (Dollars in millions) |  |  |  |  |  |  |  |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **FTE basis data** <sup>(1)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $**44790** | $42166 | $**15387** | $14815 | $14588 | $14513 | $14114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **82361** | 77005 | **28242** | 26608 | 27511 | 25501 | 25492 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest yield | **1.98%** | 1.95% | **2.01%** | 1.94% | 1.99% | 1.97% | 1.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio | **63.49** | 64.96 | **61.39** | 64.58 | 64.59 | 65.83 | 64.64 |

---

<sup>(1)</sup> FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. Net interest income includes FTE adjustments of $444 million and $465 million for the nine months ended September 30, 2025 and 2024, $154 million, $145 million, and $145 million for the third, second and first quarters of 2025, and $154 million and $147 million for the fourth and third quarters of 2024, respectively.

Current-period information is preliminary and based on company data available at the time of the presentation. 10

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Quarterly Results by Business Segment and All Other** | **Quarterly Results by Business Segment and All Other** | **Quarterly Results by Business Segment and All Other** | **Quarterly Results by Business Segment and All Other** | **Quarterly Results by Business Segment and All Other** | **Quarterly Results by Business Segment and All Other** | **Quarterly Results by Business Segment and All Other** |
| (Dollars in millions) |  |  |  |  |  |  |
|  | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** |
|  | **Total<br>Corporation** | **Consumer Banking** | **GWIM** | **Global Banking** | **Global Markets** | **All<br>Other** |
| Net interest income | $**15387** | $**8988** | $**1800** | $**3141** | $**1484** | $**(26)** |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | **1629** | **1403** | **6** | **204** | **17** | **(1)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | **1632** | **645** | **30** | **863** | **93** | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **5063** | **94** | **4334** | **24** | **614** | **(3)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **2013** | **—** | **65** | **1155** | **834** | **(41)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | **10337** | **2142** | **4435** | **2246** | **1558** | **(44)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **3203** | **5** | **31** | **73** | **3141** | **(47)** |
| &nbsp;&nbsp;&nbsp;Other income (loss)  | **(685)** | **31** | **46** | **785** | **41** | **(1588)** |
| Total noninterest income (loss) | **12855** | **2178** | **4512** | **3104** | **4740** | **(1679)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **28242** | **11166** | **6312** | **6245** | **6224** | **(1705)** |
| Provision for credit losses | **1295** | **1009** | **4** | **269** | **9** | **4** |
| Noninterest expense | **17337** | **5575** | **4622** | **3044** | **3895** | **201** |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | **9610** | **4582** | **1686** | **2932** | **2320** | **(1910)** |
| Income tax expense (benefit) | **1141** | **1145** | **421** | **806** | **673** | **(1904)** |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $**8469** | $**3437** | $**1265** | $**2126** | $**1647** | $**(6)** |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**1153035** | $**320297** | $**245523** | $**388482** | $**190994** | $**7739** |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | **3435943** | **1029529** | **320484** | **730779** | **1024349** | **330802** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **1991434** | **947414** | **276534** | **631560** | **37588** | **98338** |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**1165900** | $**321905** | $**252986** | $**386828** | $**196759** | $**7422** |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | **3403216** | **1032826** | **325605** | **738273** | **997461** | **309051** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2002208** | **949100** | **278931** | **640801** | **36883** | **96493** |
|  | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global Banking | Global Markets | All<br>Other |
| Net interest income | $14815 | $8726 | $1762 | $3081 | $1267 | $(21) |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | 1646 | 1415 | 10 | 207 | 19 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | 1615 | 627 | 28 | 864 | 94 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | 4780 | 85 | 4033 | 23 | 642 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | 1428 |  | 65 | 767 | 666 | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | 9469 | 2127 | 4136 | 1861 | 1421 | (76) |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | 3153 | 6 | 28 | 68 | 3300 | (249) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | (829) | (46) | 11 | 680 | (8) | (1466) |
| Total noninterest income (loss) | 11793 | 2087 | 4175 | 2609 | 4713 | (1791) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | 26608 | 10813 | 5937 | 5690 | 5980 | (1812) |
| Provision for credit losses | 1592 | 1282 | 20 | 277 | 22 | (9) |
| Noninterest expense | 17183 | 5567 | 4593 | 3070 | 3806 | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 7833 | 3964 | 1324 | 2343 | 2152 | (1950) |
| Income tax expense (benefit) | 717 | 991 | 331 | 644 | 624 | (1873) |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $7116 | $2973 | $993 | $1699 | $1528 | $(77) |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1128453 | $319142 | $237377 | $387864 | $176368 | $7702 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3432734 | 1033776 | 320224 | 703874 | 1023011 | 351849 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1973761 | 951986 | 276825 | 603410 | 38040 | 103500 |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1147056 | $320908 | $241142 | $390691 | $187357 | $6958 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3441142 | 1037407 | 320820 | 739759 | 1017649 | 325507 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 2011613 | 954373 | 275778 | 643529 | 38232 | 99701 |

---

<sup>(1)</sup> Total assets include asset allocations to match liabilities (i.e., deposits).

Current-period information is preliminary and based on company data available at the time of the presentation. 11

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Quarterly Results by Business Segment and All Other (continued)** | **Quarterly Results by Business Segment and All Other (continued)** | **Quarterly Results by Business Segment and All Other (continued)** | **Quarterly Results by Business Segment and All Other (continued)** | **Quarterly Results by Business Segment and All Other (continued)** | **Quarterly Results by Business Segment and All Other (continued)** | **Quarterly Results by Business Segment and All Other (continued)** |
| (Dollars in millions) |  |  |  |  |  |  |
|  | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global Banking | Global Markets | All<br>Other |
| Net interest income | $14114 | $8278 | $1709 | $3230 | $898 | $(1) |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | 1618 | 1402 | 9 | 200 | 14 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | 1552 | 631 | 24 | 802 | 95 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | 4546 | 80 | 3874 | 31 | 562 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | 1403 |  | 64 | 783 | 589 | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | 9119 | 2113 | 3971 | 1816 | 1260 | (41) |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | 3278 | 5 | 35 | 66 | 3349 | (177) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | (1019) | 22 | 47 | 722 | 123 | (1933) |
| Total noninterest income (loss) | 11378 | 2140 | 4053 | 2604 | 4732 | (2151) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | 25492 | 10418 | 5762 | 5834 | 5630 | (2152) |
| Provision for credit losses | 1542 | 1302 | 7 | 229 | 7 | (3) |
| Noninterest expense | 16479 | 5534 | 4340 | 2991 | 3443 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 7471 | 3582 | 1415 | 2614 | 2180 | (2320) |
| Income tax expense (benefit) | 575 | 895 | 354 | 719 | 632 | (2025) |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $6896 | $2687 | $1061 | $1895 | $1548 | $(295) |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1059728 | $313781 | $225355 | $371216 | $140806 | $8570 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3296171 | 1019085 | 322924 | 647541 | 924093 | 382528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1920748 | 938364 | 279999 | 549629 | 34952 | 117804 |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1075800 | $316097 | $227318 | $375159 | $148447 | $8779 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3324293 | 1026293 | 328831 | 650936 | 958227 | 360006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1930352 | 944358 | 283432 | 556953 | 35142 | 110467 |

---

<sup>(1)</sup> Total assets include asset allocations to match liabilities (i.e., deposits).

Current-period information is preliminary and based on company data available at the time of the presentation. 12

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Year-to-Date Results by Business Segment and All Other** | **Year-to-Date Results by Business Segment and All Other** | **Year-to-Date Results by Business Segment and All Other** | **Year-to-Date Results by Business Segment and All Other** | **Year-to-Date Results by Business Segment and All Other** | **Year-to-Date Results by Business Segment and All Other** | **Year-to-Date Results by Business Segment and All Other** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** | **Nine Months Ended September 30, 2025** |
|  | **Total<br>Corporation** | **Consumer Banking** | **GWIM** | **Global Banking** | **Global Markets** | **All<br>Other** |
| Net interest income | $**44790** | $**26219** | $**5327** | $**9373** | $**3940** | $**(69)** |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | **4793** | **4115** | **26** | **613** | **50** | **(11)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | **4808** | **1890** | **85** | **2553** | **276** | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **14656** | **262** | **12456** | **65** | **1883** | **(10)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **4964** | **—** | **199** | **2769** | **2181** | **(185)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | **29221** | **6267** | **12766** | **6000** | **4390** | **(202)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **9940** | **19** | **93** | **207** | **10063** | **(442)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | **(1590)** | **(33)** | **79** | **2332** | **395** | **(4363)** |
| Total noninterest income (loss) | **37571** | **6253** | **12938** | **8539** | **14848** | **(5007)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **82361** | **32472** | **18265** | **17912** | **18788** | **(5076)** |
| Provision for credit losses | **4367** | **3583** | **38** | **700** | **59** | **(13)** |
| Noninterest expense | **52290** | **16968** | **13874** | **9298** | **11512** | **638** |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | **25704** | **11921** | **4353** | **7914** | **7217** | **(5701)** |
| Income tax expense (benefit) | **2723** | **2980** | **1088** | **2176** | **2093** | **(5614)** |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $**22981** | $**8941** | $**3265** | $**5738** | $**5124** | $**(87)** |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**1125293** | $**318178** | $**238457** | $**385062** | $**175777** | $**7819** |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | **3407010** | **1030874** | **323735** | **703198** | **1005768** | **343435** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **1974630** | **948983** | **279883** | **603591** | **38141** | **104032** |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**1165900** | $**321905** | $**252986** | $**386828** | $**196759** | $**7422** |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | **3403216** | **1032826** | **325605** | **738273** | **997461** | **309051** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2002208** | **949100** | **278931** | **640801** | **36883** | **96493** |
|  | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2024 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global Banking | Global Markets | All<br>Other |
| Net interest income | $42166 | $24593 | $5216 | $9965 | $2349 | $43 |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | 4662 | 4035 | 28 | 586 | 51 | (38) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | 4501 | 1823 | 71 | 2327 | 278 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | 13053 | 236 | 11181 | 70 | 1573 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | 4532 |  | 184 | 2468 | 2016 | (136) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | 26748 | 6094 | 11464 | 5451 | 3918 | (179) |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | 10464 | 16 | 107 | 212 | 10397 | (268) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | (2373) | 87 | 140 | 2239 | 308 | (5147) |
| Total noninterest income (loss) | 34839 | 6197 | 11711 | 7902 | 14623 | (5594) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | 77005 | 30790 | 16927 | 17867 | 16972 | (5551) |
| Provision for credit losses | 4369 | 3733 | 1 | 693 | (42) | (16) |
| Noninterest expense | 50025 | 16473 | 12803 | 8902 | 10421 | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 22611 | 10584 | 4123 | 8272 | 6593 | (6961) |
| Income tax expense (benefit) | 2144 | 2646 | 1031 | 2275 | 1912 | (5720) |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $20467 | $7938 | $3092 | $5997 | $4681 | $(1241) |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1053055 | $313027 | $222260 | $372516 | $136572 | $8680 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3272856 | 1027291 | 331635 | 631659 | 909386 | 372885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1912741 | 946640 | 288319 | 533620 | 33167 | 110995 |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1075800 | $316097 | $227318 | $375159 | $148447 | $8779 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3324293 | 1026293 | 328831 | 650936 | 958227 | 360006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1930352 | 944358 | 283432 | 556953 | 35142 | 110467 |

---

<sup>(1)</sup> Total assets include asset allocations to match liabilities (i.e., deposits).

Current-period information is preliminary and based on company data available at the time of the presentation. 13

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Consumer Banking Segment Results** | **Consumer Banking Segment Results** | **Consumer Banking Segment Results** | **Consumer Banking Segment Results** | **Consumer Banking Segment Results** | **Consumer Banking Segment Results** | **Consumer Banking Segment Results** | **Consumer Banking Segment Results** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| Net interest income | $**26219** | $24593 | $**8988** | $8726 | $8505 | $8485 | $8278 |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Card income | **4115** | 4035 | **1403** | 1415 | 1297 | 1397 | 1402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges | **1890** | 1823 | **645** | 627 | 618 | 622 | 631 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **248** | 339 | **130** | 45 | 73 | 142 | 107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **6253** | 6197 | **2178** | 2087 | 1988 | 2161 | 2140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **32472** | 30790 | **11166** | 10813 | 10493 | 10646 | 10418 |
| Provision for credit losses | **3583** | 3733 | **1009** | 1282 | 1292 | 1254 | 1302 |
| Noninterest expense | **16968** | 16473 | **5575** | 5567 | 5826 | 5631 | 5534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **11921** | 10584 | **4582** | 3964 | 3375 | 3761 | 3582 |
| Income tax expense | **2980** | 2646 | **1145** | 991 | 844 | 940 | 895 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**8941** | $7938 | $**3437** | $2973 | $2531 | $2821 | $2687 |
| Net interest yield | **3.53%** | 3.32% | **3.59%** | 3.51% | 3.48% | 3.42% | 3.35% |
| Efficiency ratio | **52.25** | 53.50 | **49.92** | 51.48 | 55.53 | 52.89 | 53.12 |
| Return on average allocated capital <sup>(1)</sup> | **27** | 25 | **31** | 27 | 23 | 26 | 25 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |  |  |
| **Average** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**318178** | $313027 | $**320297** | $319142 | $315038 | $316069 | $313781 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **993484** | 989944 | **992007** | 996193 | 992252 | 985990 | 982058 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **1030874** | 1027291 | **1029529** | 1033776 | 1029320 | 1023388 | 1019085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **948983** | 946640 | **947414** | 951986 | 947550 | 942302 | 938364 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(1)</sup> | **44000** | 43250 | **44000** | 44000 | 44000 | 43250 | 43250 |
| **Period end** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**321905** | $316097 | $**321905** | $320908 | $318337 | $318754 | $316097 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **994931** | 988856 | **994931** | 999094 | 1016785 | 995369 | 988856 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **1032826** | 1026293 | **1032826** | 1037407 | 1054637 | 1034370 | 1026293 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **949100** | 944358 | **949100** | 954373 | 972064 | 952311 | 944358 |

---

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Current-period information is preliminary and based on company data available at the time of the presentation. 14

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** | **Consumer Banking Key Indicators** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **<u>Average deposit balances</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | $**553681** | $546778 | $**553438** | $556030 | $551555 | $547060 | $542267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **52630** | 55932 | **51840** | 53077 | 52985 | 52812 | 54128 |
| &nbsp;&nbsp;&nbsp;&nbsp;MMS | **237502** | 257061 | **232892** | 238285 | 241423 | 242257 | 248200 |
| &nbsp;&nbsp;&nbsp;&nbsp;CDs and IRAs | **101566** | 83145 | **105633** | 100957 | 98023 | 96630 | 90172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **3604** | 3724 | **3611** | 3637 | 3564 | 3543 | 3597 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total average deposit balances** | $**948983** | $946640 | $**947414** | $951986 | $947550 | $942302 | $938364 |
| **<u>Deposit spreads (excludes noninterest costs)</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | **2.89%** | 2.61% | **2.96%** | 2.90% | 2.81% | 2.75% | 2.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **3.21** | 2.89 | **3.28** | 3.21 | 3.13 | 3.05 | 2.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;MMS | **3.45** | 3.26 | **3.52** | 3.45 | 3.38 | 3.32 | 3.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;CDs and IRAs | **1.47** | 1.96 | **1.37** | 1.49 | 1.57 | 1.63 | 1.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **4.19** | 5.14 | **4.13** | 4.18 | 4.26 | 4.43 | 5.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total deposit spreads** | **2.90** | 2.76 | **2.94** | 2.91 | 2.85 | 2.81 | 2.81 |
| Consumer investment assets <sup>(1)</sup> | $**580391** | $496582 | $**580391** | $539727 | $497680 | $517835 | $496582 |
| Active digital banking users (in thousands) <sup>(2)</sup> | **49198** | 47830 | **49198** | 48998 | 49028 | 48150 | 47830 |
| Active mobile banking users (in thousands) <sup>(3)</sup> | **41258** | 39638 | **41258** | 40840 | 40492 | 39958 | 39638 |
| Financial centers | **3649** | 3741 | **3649** | 3664 | 3681 | 3700 | 3741 |
| ATMs | **14920** | 14900 | **14920** | 14904 | 14866 | 14893 | 14900 |
| **<u>Total credit card</u>** <sup>(4)</sup> |  |  |  |  |  |  |  |
| **Loans** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average credit card outstandings | $**100387** | $99570 | $**100966** | $100013 | $100173 | $100938 | $99908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ending credit card outstandings | **102109** | 100842 | **102109** | 101209 | 99731 | 103566 | 100842 |
| **Credit quality** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net charge-offs | $**2835** | $2782 | $**880** | $954 | $1001 | $963 | $928 |
|  | **3.78%** | 3.73% | **3.46%** | 3.82% | 4.05% | 3.79% | 3.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;30+ delinquency | $**2464** | $2563 | $**2464** | $2388 | $2497 | $2638 | $2563 |
|  | **2.41%** | 2.54% | **2.41%** | 2.36% | 2.50% | 2.55% | 2.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;90+ delinquency | $**1259** | $1306 | $**1259** | $1257 | $1334 | $1401 | $1306 |
|  | **1.23%** | 1.30% | **1.23%** | 1.24% | 1.34% | 1.35% | 1.30% |
| **Other total credit card indicators** <sup>(4)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross interest yield | **12.12%** | 12.35% | **12.17%** | 12.06% | 12.12% | 12.15% | 12.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;Risk-adjusted margin | **7.08** | 6.93 | **7.48** | 7.07 | 6.68 | 7.12 | 7.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;New accounts (in thousands) | **2676** | 2919 | **929** | 834 | 913 | 901 | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase volumes | $**278138** | $272899 | $**95116** | $94814 | $88208 | $95962 | $92592 |
| **<u>Debit card data</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase volumes | $**439533** | $412105 | $**150048** | $149288 | $140197 | $144895 | $139352 |
| **<u>Loan production</u>** <sup>(5)</sup> |  |  |  |  |  |  |  |
| *Consumer Banking:* |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First mortgage | $**7961** | $7068 | $**3052** | $3052 | $1857 | $3184 | $2684 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **6401** | 5524 | **2326** | 2241 | 1834 | 1926 | 1897 |
| Total <sup>(6)</sup>: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First mortgage | $**17863** | $14519 | $**6751** | $6604 | $4508 | $6585 | $5348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **7780** | 6573 | **2800** | 2766 | 2214 | 2311 | 2289 |

---

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Includes client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and assets under management (AUM) in Consumer Banking.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Represents mobile and/or online active users over the past 90 days.

<sup>(3)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Represents mobile active users over the past 90 days.

<sup>(4)&nbsp;&nbsp;&nbsp;&nbsp;</sup>In addition to the credit card portfolio in *Consumer Banking*, the remaining credit card portfolio is in *GWIM*.

<sup>(5)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Loan production amounts represent the unpaid principal balance of loans and, in the case of home equity, the principal amount of the total line of credit.

<sup>(6)&nbsp;&nbsp;&nbsp;&nbsp;</sup>In addition to loan production in *Consumer Banking*, there is also first mortgage and home equity loan production in *GWIM*.

Current-period information is preliminary and based on company data available at the time of the presentation. 15

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** | **Global Wealth & Investment Management Segment Results** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| Net interest income | $**5327** | $5216 | $**1800** | $1762 | $1765 | $1753 | $1709 |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **12456** | 11181 | **4334** | 4033 | 4089 | 4057 | 3874 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **482** | 530 | **178** | 142 | 162 | 192 | 179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **12938** | 11711 | **4512** | 4175 | 4251 | 4249 | 4053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **18265** | 16927 | **6312** | 5937 | 6016 | 6002 | 5762 |
| Provision for credit losses | **38** | 1 | **4** | 20 | 14 | 3 | 7 |
| Noninterest expense | **13874** | 12803 | **4622** | 4593 | 4659 | 4438 | 4340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **4353** | 4123 | **1686** | 1324 | 1343 | 1561 | 1415 |
| Income tax expense | **1088** | 1031 | **421** | 331 | 336 | 390 | 354 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**3265** | $3092 | $**1265** | $993 | $1007 | $1171 | $1061 |
| Net interest yield | **2.30%** | 2.19% | **2.33%** | 2.31% | 2.26% | 2.21% | 2.20% |
| Efficiency ratio | **75.96** | 75.64 | **73.22** | 77.36 | 77.44 | 73.93 | 75.32 |
| Return on average allocated capital <sup>(1)</sup> | **22** | 22 | **26** | 20 | 21 | 25 | 23 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |  |  |
| **Average** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**238457** | $222260 | $**245523** | $237377 | $232326 | $228779 | $225355 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **309882** | 318026 | **306384** | 306490 | 316887 | 315071 | 309231 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **323735** | 331635 | **320484** | 320224 | 330607 | 329164 | 322924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **279883** | 288319 | **276534** | 276825 | 286399 | 285023 | 279999 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(1)</sup> | **19750** | 18500 | **19750** | 19750 | 19750 | 18500 | 18500 |
| **Period end** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**252986** | $227318 | $**252986** | $241142 | $234304 | $231981 | $227318 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **310732** | 314594 | **310732** | 305793 | 315663 | 323496 | 314594 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **325605** | 328831 | **325605** | 320820 | 329816 | 338367 | 328831 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **278931** | 283432 | **278931** | 275778 | 285063 | 292278 | 283432 |

---

<sup>(1)</sup> Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

<sup>(2)</sup> Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Current-period information is preliminary and based on company data available at the time of the presentation. 16

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** | **Global Wealth & Investment Management Key Indicators** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **<u>Revenue by Business</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merrill Wealth Management | $**15222** | $14059 | $**5261** | $4942 | $5019 | $5007 | $4789 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Private Bank | **3043** | 2868 | **1051** | 995 | 997 | 995 | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total revenue, net of interest expense** | $**18265** | $16927 | $**6312** | $5937 | $6016 | $6002 | $5762 |
| **<u>Client Balances by Business, at period end</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merrill Wealth Management | $**3896493** | $3527319 | $**3896493** | $3695213 | $3486594 | $3578513 | $3527319 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Private Bank | **744675** | 666622 | **744675** | 700018 | 670600 | 673593 | 666622 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total client balances** | $**4641168** | $4193941 | $**4641168** | $4395231 | $4157194 | $4252106 | $4193941 |
| **<u>Client Balances by Type, at period end</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets under management <sup>(1)</sup> | $**2109946** | $1861124 | $**2109946** | $1986523 | $1855657 | $1882211 | $1861124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokerage and other assets | **2041117** | 1856806 | **2041117** | 1932182 | 1821203 | 1888334 | 1856806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | **278931** | 283432 | **278931** | 275778 | 285063 | 292278 | 283432 |
| &nbsp;&nbsp;&nbsp;Loans and leases <sup>(2)</sup> | **255381** | 230062 | **255381** | 243409 | 236641 | 234208 | 230062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Managed deposits in assets under management | **(44207)** | (37483) | **(44207)** | (42661) | (41370) | (44925) | (37483) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total client balances** | $**4641168** | $4193941 | $**4641168** | $4395231 | $4157194 | $4252106 | $4193941 |
| **<u>Assets Under Management Rollforward</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets under management, beginning balance | $**1882211** | $1617740 | $**1986523** | $1855657 | $1882211 | $1861124 | $1758875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net client flows | **61788** | 56734 | **23517** | 14314 | 23957 | 22493 | 21289 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market valuation/other | **165947** | 186650 | **99906** | 116552 | (50511) | (1406) | 80960 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets under management, ending balance** | $**2109946** | $1861124 | $**2109946** | $1986523 | $1855657 | $1882211 | $1861124 |

---

<sup>(1)</sup> Defined as managed assets under advisory and/or discretion of *GWIM*.

<sup>(2)</sup> Includes margin receivables, which are classified in customer and other receivables on the Consolidated Balance Sheet.

Current-period information is preliminary and based on company data available at the time of the presentation. 17

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Global Banking Segment Results** | **Global Banking Segment Results** | **Global Banking Segment Results** | **Global Banking Segment Results** | **Global Banking Segment Results** | **Global Banking Segment Results** | **Global Banking Segment Results** | **Global Banking Segment Results** |
| (Dollars in millions) |  |  |  |  |  |  |  |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| Net interest income | $**9373** | $9965 | $**3141** | $3081 | $3151 | $3270 | $3230 |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges | **2553** | 2327 | **863** | 864 | 826 | 808 | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **2769** | 2468 | **1155** | 767 | 847 | 985 | 783 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **3217** | 3107 | **1086** | 978 | 1153 | 1028 | 1019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **8539** | 7902 | **3104** | 2609 | 2826 | 2821 | 2604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **17912** | 17867 | **6245** | 5690 | 5977 | 6091 | 5834 |
| Provision for credit losses | **700** | 693 | **269** | 277 | 154 | 190 | 229 |
| Noninterest expense | **9298** | 8902 | **3044** | 3070 | 3184 | 2951 | 2991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **7914** | 8272 | **2932** | 2343 | 2639 | 2950 | 2614 |
| Income tax expense | **2176** | 2275 | **806** | 644 | 726 | 811 | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**5738** | $5997 | $**2126** | $1699 | $1913 | $2139 | $1895 |
| Net interest yield | **1.97%** | 2.36% | **1.88%** | 1.94% | 2.11% | 2.13% | 2.22% |
| Efficiency ratio | **51.91** | 49.82 | **48.72** | 53.97 | 53.27 | 48.44 | 51.27 |
| Return on average allocated capital <sup>(1)</sup> | **15** | 16 | **17** | 13 | 15 | 17 | 15 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |  |  |
| **Average** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**385062** | $372516 | $**388482** | $387864 | $378733 | $375345 | $371216 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **635629** | 563649 | **663181** | 636286 | 606802 | 611171 | 578988 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **703198** | 631659 | **730779** | 703874 | 674322 | 679218 | 647541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **603591** | 533620 | **631560** | 603410 | 575185 | 581950 | 549629 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(1)</sup> | **50750** | 49250 | **50750** | 50750 | 50750 | 49250 | 49250 |
| **Period end** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**386828** | $375159 | $**386828** | $390691 | $384208 | $379473 | $375159 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **669970** | 583742 | **669970** | 671098 | 620055 | 603481 | 583742 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **738273** | 650936 | **738273** | 739759 | 687702 | 670905 | 650936 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **640801** | 556953 | **640801** | 643529 | 591619 | 578159 | 556953 |

---

<sup>(1)</sup> Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

<sup>(2)</sup> Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Current-period information is preliminary and based on company data available at the time of the presentation. 18

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Global Banking Key Indicators** | **Global Banking Key Indicators** | **Global Banking Key Indicators** | **Global Banking Key Indicators** | **Global Banking Key Indicators** | **Global Banking Key Indicators** | **Global Banking Key Indicators** | **Global Banking Key Indicators** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Investment Banking fees** <sup>(1)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Advisory <sup>(2)</sup> | $**1166** | $990 | $**536** | $291 | $339 | $514 | $351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt issuance | **1227** | 1078 | **472** | 346 | 409 | 320 | 332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity issuance | **376** | 400 | **147** | 130 | 99 | 151 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investment Banking fees** <sup>(3)</sup> | $**2769** | $2468 | $**1155** | $767 | $847 | $985 | $783 |
| **Business Lending** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | $**2980** | $3427 | $**1079** | $987 | $914 | $1036 | $1102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **3447** | 3773 | **1157** | 1161 | 1129 | 1254 | 1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Banking | **165** | 174 | **56** | 55 | 54 | 57 | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Business Lending revenue** | $**6592** | $7374 | $**2292** | $2203 | $2097 | $2347 | $2405 |
| **Global Transaction Services** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | $**3884** | $3839 | $**1326** | $1270 | $1288 | $1286 | $1243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **3093** | 2876 | **1043** | 1018 | 1032 | 1030 | 968 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Banking | **1091** | 1092 | **370** | 361 | 360 | 382 | 369 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Global Transaction Services revenue** | $**8068** | $7807 | $**2739** | $2649 | $2680 | $2698 | $2580 |
| **Average deposit balances** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | $**453341** | $375187 | $**483285** | $453768 | $422300 | $425165 | $395459 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | **150250** | 158433 | **148275** | 149642 | 152885 | 156785 | 154170 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total average deposits** | $**603591** | $533620 | $**631560** | $603410 | $575185 | $581950 | $549629 |
| **Provision for credit losses** | $**700** | $693 | $**269** | $277 | $154 | $190 | $229 |
| **Credit quality** <sup>(4, 5)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reservable criticized utilized exposure | $**22637** | $24934 | $**22637** | $24298 | $24446 | $23574 | $24934 |
|  | **5.55%** | 6.30% | **5.55%** | 5.90% | 6.04% | 5.90% | 6.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming loans, leases and foreclosed properties | $**2395** | $2780 | $**2395** | $3114 | $2987 | $2970 | $2780 |
|  | **0.62%** | 0.75% | **0.62%** | 0.80% | 0.78% | 0.79% | 0.75% |
| **Average loans and leases by product** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | $**240725** | $228243 | $**244131** | $242431 | $235518 | $234533 | $230051 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **79547** | 74524 | **79811** | 80672 | 78141 | 74632 | 73077 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **48528** | 54440 | **48256** | 48397 | 48939 | 50452 | 52672 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16261** | 15307 | **16282** | 16364 | 16135 | 15727 | 15415 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **1** | 2 | **2** |  |  | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total average loans and leases** | $**385062** | $372516 | $**388482** | $387864 | $378733 | $375345 | $371216 |
| **Total Corporation Investment Banking fees** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Advisory <sup>(2)</sup> | $**1300** | $1134 | $**583** | $333 | $384 | $556 | $387 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt issuance | **2888** | 2545 | **1109** | 837 | 942 | 765 | 780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity issuance | **962** | 990 | **362** | 328 | 272 | 364 | 270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment banking fees including self-led deals | **5150** | 4669 | **2054** | 1498 | 1598 | 1685 | 1437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Self-led deals | **(186)** | (137) | **(41)** | (70) | (75) | (31) | (34) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Investment Banking fees** | $**4964** | $4532 | $**2013** | $1428 | $1523 | $1654 | $1403 |

---

<sup>(1)</sup> Investment banking fees represent total investment banking fees for *Global Banking* inclusive of self-led deals and fees included within Business Lending.

<sup>(2)</sup> Advisory includes fees on debt and equity advisory and mergers and acquisitions.

<sup>(3)</sup> Investment banking fees represent only the fee component in *Global Banking* and do not include certain other items shared with the Investment Banking Group under internal revenue sharing agreements.

<sup>(4)</sup> Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown as a percentage of total commercial reservable utilized exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers' acceptances.

<sup>(5)</sup> Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is calculated as nonperforming assets divided by loans, leases and foreclosed properties.

Current-period information is preliminary and based on company data available at the time of the presentation. 19

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Global Markets Segment Results** | **Global Markets Segment Results** | **Global Markets Segment Results** | **Global Markets Segment Results** | **Global Markets Segment Results** | **Global Markets Segment Results** | **Global Markets Segment Results** | **Global Markets Segment Results** |
| (Dollars in millions) |  |  |  |  |  |  |  |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| Net interest income | $**3940** | $2349 | $**1484** | $1267 | $1189 | $1026 | $898 |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **1883** | 1573 | **614** | 642 | 627 | 555 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **2181** | 2016 | **834** | 666 | 681 | 639 | 589 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **10063** | 10397 | **3141** | 3300 | 3622 | 2381 | 3349 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **721** | 637 | **151** | 105 | 465 | 239 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **14848** | 14623 | **4740** | 4713 | 5395 | 3814 | 4732 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense <sup>(1)</sup> | **18788** | 16972 | **6224** | 5980 | 6584 | 4840 | 5630 |
| Provision for credit losses | **59** | (42) | **9** | 22 | 28 | 10 | 7 |
| Noninterest expense | **11512** | 10421 | **3895** | 3806 | 3811 | 3505 | 3443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **7217** | 6593 | **2320** | 2152 | 2745 | 1325 | 2180 |
| Income tax expense | **2093** | 1912 | **673** | 624 | 796 | 384 | 632 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**5124** | $4681 | $**1647** | $1528 | $1949 | $941 | $1548 |
| Efficiency ratio | **61.27** | 61.40 | **62.59** | 63.63 | 57.89 | 72.39 | 61.17 |
| Return on average allocated capital <sup>(2)</sup> | **14%** | 14% | **13%** | 13% | 16% | 8% | 14% |
| **<u>Balance Sheet</u>** |  |  |  |  |  |  |  |
| **Average** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total trading-related assets | $**681788** | $638425 | $**676621** | $700413 | $668237 | $620903 | $645607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | **175777** | 136572 | **190994** | 176368 | 159625 | 152426 | 140806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | **802375** | 709208 | **813197** | 825835 | 767592 | 714762 | 728186 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | **1005768** | 909386 | **1024349** | 1023011 | 969340 | 918660 | 924093 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **38141** | 33167 | **37588** | 38040 | 38809 | 36958 | 34952 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(2)</sup> | **49000** | 45500 | **49000** | 49000 | 49000 | 45500 | 45500 |
| **Period end** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total trading-related assets | $**637676** | $653798 | $**637676** | $670649 | $660267 | $580557 | $653798 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | **196759** | 148447 | **196759** | 187357 | 166348 | 157450 | 148447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | **792746** | 742221 | **792746** | 806289 | 761826 | 687678 | 742221 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | **997461** | 958227 | **997461** | 1017649 | 959533 | 876605 | 958227 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **36883** | 35142 | **36883** | 38232 | 38268 | 38848 | 35142 |
| **Trading-related assets (average)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | $**350778** | $323223 | $**361610** | $343971 | $346590 | $326572 | $325236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reverse repurchases | **150509** | 141611 | **138908** | 169064 | 143605 | 123473 | 150751 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities borrowed | **139764** | 136040 | **135615** | 146889 | 136800 | 132334 | 133588 |
| &nbsp;&nbsp;&nbsp;&nbsp;Derivative assets | **40737** | 37551 | **40488** | 40489 | 41242 | 38524 | 36032 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total trading-related assets** | $**681788** | $638425 | $**676621** | $700413 | $668237 | $620903 | $645607 |

---

<sup>(1)</sup> Substantially all of *Global Markets* total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 21.

<sup>(2)</sup> Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

Current-period information is preliminary and based on company data available at the time of the presentation. 20

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Global Markets Key Indicators** | **Global Markets Key Indicators** | **Global Markets Key Indicators** | **Global Markets Key Indicators** | **Global Markets Key Indicators** | **Global Markets Key Indicators** | **Global Markets Key Indicators** | **Global Markets Key Indicators** |
| (Dollars in millions) |  |  |  |  |  |  |  |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Sales and trading revenue** <sup>(1)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-income, currencies and commodities | $**9762** | $8907 | $**3091** | $3193 | $3478 | $2464 | $2934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equities | **6589** | 5794 | **2270** | 2133 | 2186 | 1642 | 1996 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total sales and trading revenue** | $**16351** | $14701 | $**5361** | $5326 | $5664 | $4106 | $4930 |
| **Sales and trading revenue, excluding net debit valuation adjustment** <sup>(23)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-income, currencies and commodities | $**9787** | $8986 | $**3077** | $3247 | $3463 | $2482 | $2942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equities | **6582** | 5809 | **2270** | 2130 | 2182 | 1643 | 1996 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total sales and trading revenue, excluding net debit valuation adjustment** | $**16369** | $14795 | $**5347** | $5377 | $5645 | $4125 | $4938 |
| **Sales and trading revenue breakdown** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $**3493** | $1868 | $**1340** | $1119 | $1034 | $876 | $744 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commissions | **1882** | 1572 | **614** | 642 | 626 | 554 | 561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading | **10061** | 10395 | **3140** | 3299 | 3622 | 2381 | 3348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **915** | 866 | **267** | 266 | 382 | 295 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total sales and trading revenue** | $**16351** | $14701 | $**5361** | $5326 | $5664 | $4106 | $4930 |

---

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Includes *Global Banking* sales and trading revenue of $347 million and $495 million for the nine months ended September 30, 2025 and 2024, $172 million, $212 million and $(37) million for the third, second and first quarters of 2025, and $182 million and $165 million for the fourth and third quarters of 2024, respectively.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>For this presentation, sales and trading revenue excludes net debit valuation adjustment (DVA) gains (losses), which include net DVA on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities. Sales and trading revenue excluding net DVA gains (losses) represents a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional useful information to assess the underlying performance of these businesses and to allow better comparison of period-to-period operating performance.

<sup>(3)</sup> Net DVA gains (losses) were $(18) million and $(94) million for the nine months ended September 30, 2025 and 2024, $14 million, $(51) million and $19 million for the third, second and first quarters of 2025, and $(19) million and $(8) million for the fourth and third quarters of 2024, respectively. FICC net DVA gains (losses) were $(25) million and $(79) million for the nine months ended September 30, 2025 and 2024, $14 million, $(54) million and $15 million for the third, second and first quarters of 2025, and $(18) million and $(8) million for the fourth and third quarters of 2024, respectively. Equities net DVA gains (losses) were $7 million and $(15) million for the nine months ended September 30, 2025 and 2024, $0, $3 million and $4 million for the third, second and first quarters of 2025, and $(1) million and $0 for the fourth and third quarters of 2024, respectively.

Current-period information is preliminary and based on company data available at the time of the presentation. 21

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> | **All Other Results** <sup>(1)</sup> |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| Net interest income | $**(69)** | $43 | $**(26)** | $(21) | $(22) | $(21) | $(1) |
| Noninterest income (loss) | **(5007)** | (5594) | **(1679)** | (1791) | (1537) | (2057) | (2151) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **(5076)** | (5551) | **(1705)** | (1812) | (1559) | (2078) | (2152) |
| Provision for credit losses | **(13)** | (16) | **4** | (9) | (8) | (5) | (3) |
| Noninterest expense | **638** | 1426 | **201** | 147 | 290 | 262 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss before income taxes | **(5701)** | (6961) | **(1910)** | (1950) | (1841) | (2335) | (2320) |
| Income tax expense (benefit) | **(5614)** | (5720) | **(1904)** | (1873) | (1837) | (1928) | (2025) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income (loss)** | $**(87)** | $(1241) | $**(6)** | $(77) | $(4) | $(407) | $(295) |
| **<u>Balance Sheet</u>** |  |  |  |  |  |  |  |
| **Average** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**7819** | $8680 | $**7739** | $7702 | $8016 | $8390 | $8570 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **343435** | 372885 | **330802** | 351849 | 347834 | 367664 | 382528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **104032** | 110995 | **98338** | 103500 | 110389 | 111717 | 117804 |
| **Period end** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**7422** | $8779 | $**7422** | $6958 | $7428 | $8177 | $8779 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(3)</sup> | **309051** | 360006 | **309051** | 325507 | 317736 | 341272 | 360006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **96493** | 110467 | **96493** | 99701 | 102550 | 103871 | 110467 |

---

<sup>(1)</sup> *All Othe*r primarily consists of asset and liability management (ALM) activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments.

<sup>(2)</sup> Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $982.3 billion and $948.0 billion for the nine months ended September 30, 2025 and 2024, $992.5 billion, $979.6 billion and $974.7 billion for the third, second and first quarters of 2025, and $974.2 billion and $944.4 billion for the fourth and third quarters of 2024, respectively.

<sup>(3)</sup> Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $1.0 trillion, $1.0 trillion, $1.0 trillion, $978.4 billion and $953.6 billion at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively.

Current-period information is preliminary and based on company data available at the time of the presentation. 22

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| | | | |
|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries**<br>**Outstanding Loans and Leases** | | | |
| (Dollars in millions) |  |  |  |
|  | **September 30<br>2025** | June 30<br>2025 | September 30<br>2024 |
| **Consumer** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**235429** | $235313 | $227842 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **26482** | 26142 | 25483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **102109** | 101209 | 100841 |
| &nbsp;&nbsp;&nbsp;Direct/Indirect consumer <sup>(1)</sup>  | **111412** | 109730 | 105695 |
| &nbsp;&nbsp;&nbsp;Other consumer <sup>(2)</sup>  | **169** | 165 | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer loans excluding loans accounted for under the fair value option | **475601** | 472559 | 460022 |
| &nbsp;&nbsp;&nbsp;Consumer loans accounted for under the fair value option <sup>(3)</sup>  | **165** | 214 | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **475766** | 472773 | 460251 |
| **Commercial** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **429202** | 415423 | 379563 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **148707** | 148675 | 127738 |
| &nbsp;&nbsp;&nbsp;Commercial real estate <sup>(4)</sup>  | **66986** | 65676 | 68420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16282** | 15752 | 14992 |
|  | **661177** | 645526 | 590713 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. small business commercial | **22428** | 22108 | 20893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans excluding loans accounted for under the fair value option | **683605** | 667634 | 611606 |
| &nbsp;&nbsp;&nbsp;Commercial loans accounted for under the fair value option <sup>(3)</sup>  | **6529** | 6649 | 3943 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **690134** | 674283 | 615549 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $**1165900** | $1147056 | $1075800 |

---

<sup>(1)</sup> Includes primarily auto and specialty lending loans and leases of $55.1 billion, $54.8 billion and $54.9 billion, U.S. securities-based lending loans of $52.5 billion, $51.2 billion and $47.3 billion and non-U.S. consumer loans of $3.0 billion, $2.9 billion and $2.8 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

<sup>(2)</sup> Substantially all of other consumer is consumer overdrafts.

<sup>(3)</sup> Consumer loans accounted for under the fair value option includes residential mortgage loans of $59 million, $58 million and $63 million and home equity loans of $106 million, $156 million and $166 million at September 30, 2025, June 30, 2025 and September 30, 2024, respectively. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion, $2.5 billion and $2.7 billion and non-U.S. commercial loans of $4.3 billion, $4.1 billion and $1.3 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

<sup>(4)</sup> Includes U.S. commercial real estate loans of $61.1 billion, $59.7 billion and $61.8 billion and non-U.S. commercial real estate loans of $5.9 billion, $6.0 billion and $6.6 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

Current-period information is preliminary and based on company data available at the time of the presentation. 23

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---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Quarterly Average Loans and Leases by Business Segment and All Other** | **Quarterly Average Loans and Leases by Business Segment and All Other** | **Quarterly Average Loans and Leases by Business Segment and All Other** | **Quarterly Average Loans and Leases by Business Segment and All Other** | **Quarterly Average Loans and Leases by Business Segment and All Other** | **Quarterly Average Loans and Leases by Business Segment and All Other** | **Quarterly Average Loans and Leases by Business Segment and All Other** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** | **Third Quarter 2025** |
|  | **Total<br>Corporation** | **Consumer Banking** | **GWIM** | **Global<br>Banking** | **Global<br>Markets** | **All <br>Other** |
| **Consumer** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**235301** | $**116968** | $**109023** | $**2** | $**3395** | $**5913** |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **26413** | **22404** | **2783** | **—** | **101** | **1125** |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **100966** | **97481** | **3485** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | **110127** | **55151** | **54973** | **—** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **472807** | **292004** | **170264** | **2** | **3496** | **7041** |
| **Commercial** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **443274** | **28271** | **66143** | **244131** | **104599** | **130** |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **154458** | **—** | **643** | **79811** | **73173** | **831** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **66494** | **22** | **8473** | **48256** | **9726** | **17** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16002** | **—** | **—** | **16282** | **—** | **(280)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **680228** | **28293** | **75259** | **388480** | **187498** | **698** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $**1153035** | $**320297** | $**245523** | $**388482** | $**190994** | $**7739** |
|  | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 | Second Quarter 2025 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global<br>Banking | Global<br>Markets | All <br>Other |
| **Consumer** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $235130 | $117551 | $108006 | $— | $3532 | $6041 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 26190 | 22173 | 2698 |  | 149 | 1170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 100013 | 96543 | 3470 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | 108955 | 55002 | 53950 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | 470288 | 291269 | 168124 |  | 3681 | 7214 |
| **Commercial** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | 427194 | 27850 | 60531 | 242431 | 96262 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | 149044 |  | 726 | 80672 | 67012 | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 65847 | 23 | 7996 | 48397 | 9413 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | 16080 |  |  | 16364 |  | (284) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | 658165 | 27873 | 69253 | 387864 | 172687 | 488 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $1128453 | $319142 | $237377 | $387864 | $176368 | $7702 |
|  | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 | Third Quarter 2024 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global<br>Banking | Global<br>Markets | All <br>Other |
| **Consumer** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $227800 | $114919 | $106159 | $1 | $— | $6721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 25664 | 21556 | 2487 |  | 153 | 1468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 99908 | 96512 | 3395 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | 104732 | 54451 | 50280 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | 458104 | 287438 | 162321 | 1 | 153 | 8191 |
| **Commercial** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | 391728 | 26330 | 54696 | 230051 | 80491 | 160 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | 125377 |  | 714 | 73077 | 51085 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 69404 | 13 | 7624 | 52672 | 9077 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | 15115 |  |  | 15415 |  | (300) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | 601624 | 26343 | 63034 | 371215 | 140653 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $1059728 | $313781 | $225355 | $371216 | $140806 | $8570 |

---

Current-period information is preliminary and based on company data available at the time of the presentation. 24

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> | **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> | **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> | **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> | **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> | **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> | **Commercial Credit Exposure by Industry** <sup>(1, 2, 3, 4)</sup> |
| (Dollars in millions) |  |  |  |  |  |  |
|  | **Commercial Utilized** | **Commercial Utilized** | **Commercial Utilized** | **Total Commercial Committed** | **Total Commercial Committed** | **Total Commercial Committed** |
|  | **September 30<br>2025** | June 30<br>2025 | September 30<br>2024 | **September 30<br>2025** | June 30<br>2025 | September 30<br>2024 |
| Asset managers and funds | $**145980** | $133225 | $110334 | $**223876** | $210455 | $178572 |
| Finance companies | **85106** | 87100 | 71809 | **121131** | 119835 | 105676 |
| Capital goods | **54930** | 55105 | 51380 | **106394** | 104108 | 97693 |
| Real estate <sup>(5)</sup> | **69485** | 69699 | 72076 | **97680** | 96793 | 97860 |
| Healthcare equipment and services | **36812** | 36898 | 34584 | **68106** | 66644 | 64800 |
| Materials | **29167** | 29640 | 25583 | **60707** | 62004 | 56501 |
| Individuals and trusts | **42112** | 36754 | 34995 | **56245** | 50167 | 49583 |
| Retailing | **27022** | 26763 | 26952 | **55603** | 54041 | 55240 |
| Consumer services | **30481** | 29936 | 28258 | **55297** | 55174 | 53770 |
| Government and public education | **32253** | 32747 | 31954 | **51589** | 50402 | 47706 |
| Food, beverage and tobacco | **25087** | 25149 | 23986 | **51328** | 50436 | 53632 |
| Commercial services and supplies | **24662** | 24953 | 23465 | **46191** | 45806 | 42362 |
| Utilities | **19390** | 19280 | 17472 | **44483** | 43748 | 40807 |
| Transportation | **23532** | 24424 | 24214 | **36736** | 35831 | 35834 |
| Energy | **12553** | 13771 | 14033 | **36055** | 35790 | 35580 |
| Software and services | **14620** | 11326 | 11411 | **32158** | 30458 | 28023 |
| Technology hardware and equipment | **10269** | 10638 | 11156 | **30031** | 31429 | 29504 |
| Global commercial banks | **24329** | 23509 | 20922 | **28344** | 27339 | 24330 |
| Media | **10812** | 11343 | 11897 | **24995** | 23854 | 23648 |
| Vehicle dealers | **19113** | 18618 | 17681 | **24665** | 24496 | 23424 |
| Insurance | **11411** | 11055 | 8281 | **23525** | 23077 | 18506 |
| Pharmaceuticals and biotechnology | **7097** | 7301 | 5229 | **22463** | 22150 | 20497 |
| Consumer durables and apparel | **9592** | 10244 | 9380 | **21516** | 22264 | 22197 |
| Automobiles and components | **7888** | 8109 | 8359 | **17052** | 17355 | 16798 |
| Telecommunication services | **7025** | 7049 | 8708 | **15628** | 16312 | 18156 |
| Food and staples retailing | **6103** | 6645 | 7666 | **11250** | 12488 | 13609 |
| Financial markets infrastructure (clearinghouses) | **6437** | 6355 | 2880 | **8671** | 9431 | 5104 |
| Religious and social organizations | **2407** | 2368 | 2319 | **4073** | 4057 | 4024 |
| &nbsp;&nbsp;&nbsp;**Total commercial credit exposure by industry** | $**795675** | $780004 | $716984 | $**1375792** | $1345944 | $1263436 |

---

<sup>(1)</sup> Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers' acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $69.3 billion, $61.6 billion and $58.2 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $27.8 billion, $29.3 billion and $26.4 billion, which consists primarily of other marketable securities, at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

<sup>(2)</sup> Total utilized and total committed exposure includes loans of $6.5 billion, $6.6 billion and $3.9 billion and issued letters of credit with a notional amount of $87 million, $53 million and $46 million accounted for under the fair value option at September 30, 2025, June 30, 2025 and September 30, 2024, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $2.2 billion, $2.2 billion and $2.4 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

<sup>(3)</sup> Includes U.S. small business commercial exposure.

<sup>(4)</sup> Includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (e.g., syndicated or participated) to other financial institutions.

<sup>(5)</sup> Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the primary business activity of the borrowers or the counterparties using operating cash flows and primary source of repayment as key factors.

Current-period information is preliminary and based on company data available at the time of the presentation. 25

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Nonperforming Loans, Leases and Foreclosed Properties** | **Nonperforming Loans, Leases and Foreclosed Properties** | **Nonperforming Loans, Leases and Foreclosed Properties** | **Nonperforming Loans, Leases and Foreclosed Properties** | **Nonperforming Loans, Leases and Foreclosed Properties** | **Nonperforming Loans, Leases and Foreclosed Properties** |
| (Dollars in millions) |  |  |  |  |  |
|  | **September 30<br>2025** | June 30<br>2025 | March 31<br>2025 | December 31<br>2024 | September 30<br>2024 |
| Residential mortgage | $**1972** | $2008 | $2036 | $2052 | $2089 |
| Home equity | **386** | 393 | 410 | 409 | 413 |
| Direct/Indirect consumer | **173** | 163 | 167 | 186 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total consumer | **2531** | 2564 | 2613 | 2647 | 2677 |
| U.S. commercial | **1131** | 1277 | 1157 | 1204 | 699 |
| Non-U.S. commercial | **107** | 102 | 111 | 8 | 85 |
| Commercial real estate | **1470** | 1964 | 2145 | 2068 | 2124 |
| Commercial lease financing | **59** | 35 | 26 | 20 | 18 |
|  | **2767** | 3378 | 3439 | 3300 | 2926 |
| U.S. small business commercial | **49** | 39 | 31 | 28 | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial | **2816** | 3417 | 3470 | 3328 | 2952 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming loans and leases | **5347** | 5981 | 6083 | 5975 | 5629 |
| Foreclosed properties <sup>(1)</sup> | **123** | 123 | 118 | 145 | 195 |
| &nbsp;&nbsp;**Total nonperforming loans, leases, and foreclosed properties** <sup>(2, 3)</sup> | $**5470** | $6104 | $6201 | $6120 | $5824 |
| Fully-insured home loans past due 30 days or more and still accruing | $**439** | $419 | $460 | $488 | $463 |
| Consumer credit card past due 30 days or more and still accruing | **2464** | 2388 | 2497 | 2638 | 2563 |
| Other loans past due 30 days or more and still accruing | **3637** | 3240 | 3531 | 3486 | 3483 |
| &nbsp;&nbsp;**Total loans past due 30 days or more and still accruing** <sup>(4, 5)</sup> | $**6540** | $6047 | $6488 | $6612 | $6509 |
| Fully-insured home loans past due 90 days or more and still accruing | $**201** | $196 | $234 | $229 | $215 |
| Consumer credit card past due 90 days or more and still accruing  | **1260** | 1257 | 1334 | 1401 | 1306 |
| Other loans past due 90 days or more and still accruing | **637** | 298 | 299 | 301 | 626 |
| &nbsp;&nbsp;**Total loans past due 90 days or more and still accruing** <sup>(5)</sup> | $**2098** | $1751 | $1867 | $1931 | $2147 |
| Nonperforming loans, leases and foreclosed properties/Total assets <sup>(6)</sup> | **0.16%** | 0.18% | 0.19% | 0.19% | 0.18% |
| Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties <sup>(6)</sup> | **0.47** | 0.54 | 0.56 | 0.56 | 0.54 |
| Nonperforming loans and leases/Total loans and leases <sup>(6)</sup> | **0.46** | 0.52 | 0.55 | 0.55 | 0.53 |
| Commercial reservable criticized utilized exposure <sup>(7)</sup> | $**26332** | $27904 | $27652 | $26495 | $27439 |
| Commercial reservable criticized utilized exposure/Commercial reservable utilized exposure <sup>(6)</sup> | **3.67%** | 3.98% | 4.12% | 4.01% | 4.25% |
| Total commercial criticized utilized exposure/Commercial utilized exposure <sup>(7)</sup> | **3.62** | 3.88 | 4.35 | 4.16 | 4.45 |

---

<sup>(1)</sup> Includes repossessed assets of $41 million for the third quarter and $35 million for both the second and first quarters of 2025, and $31 million and $22 million for the fourth and third quarters of 2024.

<sup>(2)</sup> Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the FHA and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate.

<sup>(3)</sup> Balances do not include nonperforming loans held-for-sale of $521 million, $481 million, $583 million, $731 million and $785 million at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively.

<sup>(4)</sup> Balances do not include loans held-for-sale past due 30 days or more and still accruing of $49 million, $27 million, $37 million, $84 million and $166 million at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively.

<sup>(5)</sup> These balances are excluded from total nonperforming loans, leases and foreclosed properties.

<sup>(6)</sup> Total assets and total loans and leases do not include loans accounted for under the fair value option of $6.7 billion, $6.9 billion, $5.4 billion, $4.2 billion and $4.2 billion at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively.

<sup>(7)</sup> Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

Current-period information is preliminary and based on company data available at the time of the presentation. 26

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Nonperforming Loans, Leases and Foreclosed Properties Activity** <sup>(1)</sup> | **Nonperforming Loans, Leases and Foreclosed Properties Activity** <sup>(1)</sup> | **Nonperforming Loans, Leases and Foreclosed Properties Activity** <sup>(1)</sup> | **Nonperforming Loans, Leases and Foreclosed Properties Activity** <sup>(1)</sup> | **Nonperforming Loans, Leases and Foreclosed Properties Activity** <sup>(1)</sup> | **Nonperforming Loans, Leases and Foreclosed Properties Activity** <sup>(1)</sup> |
| (Dollars in millions) |  |  |  |  |  |
|  | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Nonperforming Consumer Loans and Leases:** |  |  |  |  |  |
| **Balance, beginning of period** | $**2564** | $2613 | $2647 | $2677 | $2671 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions | **253** | 264 | 242 | 260 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reductions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paydowns and payoffs | **(137)** | (132) | (111) | (132) | (98) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | **(1)** | (1) | (1) | (2) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Returns to performing status <sup>(2)</sup> | **(136)** | (157) | (154) | (140) | (115) |
| &nbsp;&nbsp;&nbsp;&nbsp;Charge-offs <sup>(3)</sup> | **(5)** | (13) | (5) | (7) | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers to foreclosed properties | **(7)** | (10) | (5) | (9) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net additions (reductions) to nonperforming loans and leases | **(33)** | (49) | (34) | (30) | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total nonperforming consumer loans and leases, end of period** | **2531** | 2564 | 2613 | 2647 | 2677 |
| Foreclosed properties <sup>(4)</sup> | **97** | 94 | 88 | 89 | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Nonperforming consumer loans, leases and foreclosed properties, end of period** | $**2628** | $2658 | $2701 | $2736 | $2758 |
| **Nonperforming Commercial Loans and Leases** <sup>(5)</sup>**:** |  |  |  |  |  |
| **Balance, beginning of period** | $**3417** | $3470 | $3328 | $2952 | $2802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions | **550** | 1105 | 644 | 1239 | 965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reductions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paydowns | **(834)** | (484) | (275) | (570) | (374) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | **(19)** | (107) |  | (15) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Returns to performing status <sup>(6)</sup> | **(12)** | (219) | (9) | (28) | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | **(286)** | (348) | (218) | (250) | (386) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers to foreclosed properties | **—** |  |  |  | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net additions (reductions) to nonperforming loans and leases | **(601)** | (53) | 142 | 376 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total nonperforming commercial loans and leases, end of period** | **2816** | 3417 | 3470 | 3328 | 2952 |
| Foreclosed properties <sup>(4)</sup> | **26** | 29 | 30 | 56 | 114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Nonperforming commercial loans, leases and foreclosed properties, end of period** | $**2842** | $3446 | $3500 | $3384 | $3066 |

---

<sup>(1)</sup> For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 26.

<sup>(2)</sup> Consumer loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection.

<sup>(3)</sup> Our policy is not to classify consumer credit card and non-bankruptcy related consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and, accordingly, are excluded from this table.

<sup>(4)</sup> Includes repossessed assets of $38 million in consumer loans and $3 million in commercial loans for the third quarter of 2025. Includes $33 million, $32 million, $29 million and $21 million in consumer loans and $2 million, $3 million, $2 million and $1 million in commercial loans for the second and first quarters of 2025 and the fourth and third quarters of 2024.

<sup>(5)</sup> Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

<sup>(6)</sup> Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection.

Current-period information is preliminary and based on company data available at the time of the presentation. 27

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Quarterly Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Third<br>Quarter<br>2025** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
|  | **Amount** | **Percent** | Amount | Percent | Amount | Percent | Amount | Percent | Amount | Percent |
| **Net Charge-offs** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**(1)** | **— %** | $2 | —% | $— | —% | $(1) | —% | $(2) | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **(11)** | **(0.17)** | (10) | (0.15) | (12) | (0.19) | (9) | (0.14) | (5) | (0.07) |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **880** | **3.46** | 954 | 3.82 | 1001 | 4.05 | 963 | 3.79 | 928 | 3.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect consumer | **55** | **0.20** | 47 | 0.17 | 70 | 0.27 | 67 | 0.25 | 56 | 0.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | **55** | **n/m** | 66 | n/m | 60 | n/m | 87 | n/m | 67 | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **978** | **0.82** | 1059 | 0.90 | 1119 | 0.98 | 1107 | 0.96 | 1044 | 0.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **135** | **0.13** | 129 | 0.13 | 70 | 0.07 | 100 | 0.10 | 135 | 0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **—** | **—** |  |  | 7 | 0.02 | 19 | 0.06 | 60 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial and industrial | **135** | **0.09** | 129 | 0.09 | 77 | 0.06 | 119 | 0.09 | 195 | 0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **120** | **0.72** | 202 | 1.24 | 123 | 0.75 | 117 | 0.70 | 171 | 0.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **—** | **—** | 1 | 0.02 |  |  |  |  |  |  |
|  | **255** | **0.16** | 332 | 0.21 | 200 | 0.13 | 236 | 0.16 | 366 | 0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. small business commercial | **134** | **2.41** | 134 | 2.48 | 133 | 2.57 | 123 | 2.37 | 124 | 2.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **389** | **0.23** | 466 | 0.29 | 333 | 0.22 | 359 | 0.23 | 490 | 0.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total net charge-offs** | $**1367** | **0.47** | $1525 | 0.55 | $1452 | 0.54 | $1466 | 0.54 | $1534 | 0.58 |
| **By Business Segment and All Other** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Banking | $**1122** | **1.39%** | $1200 | 1.51% | $1262 | 1.62% | $1246 | 1.57% | $1175 | 1.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Wealth & Investment Management | **8** | **0.01** | 10 | 0.02 | 9 | 0.02 | 10 | 0.02 | 10 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Banking | **250** | **0.26** | 303 | 0.32 | 187 | 0.20 | 220 | 0.23 | 358 | 0.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Markets | **(1)** | **—** | 25 | 0.06 | 6 | 0.01 | 2 | 0.01 | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;All Other | **(12)** | **(0.61)** | (13) | (0.68) | (12) | (0.62) | (12) | (0.59) | (10) | (0.44) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total net charge-offs** | $**1367** | **0.47** | $1525 | 0.55 | $1452 | 0.54 | $1466 | 0.54 | $1534 | 0.58 |

---

<sup>(1)</sup> Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.

n/m = not meaningful

Current-period information is preliminary and based on company data available at the time of the presentation. 28

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| | | | | |
|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Year-to-Date Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Year-to-Date Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Year-to-Date Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Year-to-Date Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  | **Year-to-Date Net Charge-offs and Net Charge-off Ratios** <sup>(1)</sup>  |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **Nine Months Ended September 30** | **Nine Months Ended September 30** | **Nine Months Ended September 30** | **Nine Months Ended September 30** |
|  | **2025** | **2025** | 2024 | 2024 |
|  | **Amount** | **Percent** | Amount | Percent |
| **Net Charge-offs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**1** | **— %** | $1 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **(33)** | **(0.17)** | (32) | (0.17) |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **2835** | **3.78** | 2782 | 3.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect consumer | **172** | **0.21** | 172 | 0.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | **181** | **n/m** | 208 | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **3156** | **0.90** | 3131 | 0.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **334** | **0.11** | 288 | 0.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **7** | **0.01** | 48 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial and industrial | **341** | **0.08** | 336 | 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **445** | **0.90** | 747 | 1.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **1** | **0.01** | 1 | 0.01 |
|  | **787** | **0.17** | 1084 | 0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. small business commercial | **401** | **2.49** | 350 | 2.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **1188** | **0.24** | 1434 | 0.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total net charge-offs** | $**4344** | **0.52** | $4565 | 0.58 |
| **By Business Segment and All Other** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Banking | $**3584** | **1.51%** | $3507 | 1.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Wealth & Investment Management | **27** | **0.02** | 38 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Banking | **740** | **0.26** | 1054 | 0.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Markets | **30** | **0.02** | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;All Other | **(37)** | **(0.64)** | (37) | (0.56) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total net charge-offs** | $**4344** | **0.52** | $4565 | 0.58 |

---

<sup>(1)</sup> Net charge-off ratios are calculated as net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.

n/m = not meaningful

Current-period information is preliminary and based on company data available at the time of the presentation. 29

------

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** | **Bank of America Corporation and Subsidiaries** |
| **Allocation of the Allowance for Credit Losses by Product Type** | **Allocation of the Allowance for Credit Losses by Product Type** | **Allocation of the Allowance for Credit Losses by Product Type** | **Allocation of the Allowance for Credit Losses by Product Type** | **Allocation of the Allowance for Credit Losses by Product Type** | **Allocation of the Allowance for Credit Losses by Product Type** | **Allocation of the Allowance for Credit Losses by Product Type** |
| (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) | (Dollars in millions) |
|  | **September 30, 2025** | **September 30, 2025** | June 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2024 |
|  | **Amount** | **Percent of**<br>**Loans and**<br>**Leases**<br>**Outstanding** <sup>(1)</sup> | Amount | Percent of<br>Loans and<br>Leases<br>Outstanding <sup>(1)</sup> | Amount | Percent of<br>Loans and<br>Leases<br>Outstanding <sup>(1)</sup> |
| **Allowance for loan and lease losses** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**321** | **0.14%** | $290 | 0.12% | $280 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **87** | **0.33** | 56 | 0.21 | 29 | 0.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **7272** | **7.12** | 7456 | 7.37 | 7492 | 7.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect consumer | **713** | **0.64** | 712 | 0.65 | 730 | 0.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | **59** | **n/m** | 64 | n/m | 62 | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **8452** | **1.78** | 8578 | 1.82 | 8593 | 1.87 |
| &nbsp;&nbsp;&nbsp;U.S. commercial <sup>(2)</sup> | **2896** | **0.64** | 2816 | 0.64 | 2567 | 0.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **813** | **0.55** | 773 | 0.52 | 766 | 0.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **1045** | **1.56** | 1082 | 1.65 | 1287 | 1.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **46** | **0.28** | 42 | 0.27 | 38 | 0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **4800** | **0.70** | 4713 | 0.71 | 4658 | 0.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allowance for loan and lease losses** | **13252** | **1.14** | 13291 | 1.17 | 13251 | 1.24 |
| **Reserve for unfunded lending commitments** | **1109** |  | 1143 |  | 1100 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allowance for credit losses** | $**14361** |  | $14434 |  | $14351 |  |
| **<u>Asset Quality Indicators</u>**  |  |  |  |  |  |  |
| Allowance for loan and lease losses/Total loans and leases <sup>(1)</sup> |  | **1.14%** |  | 1.17% |  | 1.24% |
| Allowance for loan and lease losses/Total nonperforming loans and leases  |  | **248** |  | 222 |  | 235 |
| Ratio of the allowance for loan and lease losses/Annualized net charge-offs |  | **2.44** |  | 2.17 |  | 2.17 |

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<sup>(1)</sup> Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. For fair value option amounts, see Outstanding Loans and Leases and related footnotes on page 23.

<sup>(2)</sup> Includes allowance for loan and lease losses for U.S. small business commercial loans of $1.4 billion, $1.3 billion and $1.2 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

n/m = not meaningful

Current-period information is preliminary and based on company data available at the time of the presentation. 30

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|:---|
| **Exhibit A: Non-GAAP Reconciliations**<br>**Bank of America Corporation and Subsidiaries**<br>**Reconciliations to GAAP Financial Measures** |
| (Dollars in millions, except per share information) |

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The Corporation evaluates its business using certain non-GAAP financial measures, including pretax, pre-provision income and ratios that utilize tangible equity and tangible assets, each of which is a non-GAAP financial measure. Tangible equity represents shareholders' equity or common shareholders' equity reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities ("adjusted" shareholders' equity or common shareholders' equity). Return on average tangible common shareholders' equity measures the Corporation's net income applicable to common shareholders as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total tangible assets (total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities). Return on average tangible shareholders' equity measures the Corporation's net income as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity divided by total tangible assets. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.

See the tables below for reconciliations of these non-GAAP financial measures to the most directly comparable financial measures defined by GAAP for the nine months ended September 30, 2025 and 2024 and the three months ended September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate these non-GAAP financial measures differently.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Nine Months Ended<br>September 30** | **Nine Months Ended<br>September 30** | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| | **2025** | 2024 | **Third<br>Quarter<br>2025** | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 | Fourth<br>Quarter<br>2024 | Third<br>Quarter<br>2024 |
| **Reconciliation of income before income taxes to pretax, pre-provision income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | $**25260** | $22146 | $**9456** | $7688 | $8116 | $7108 | $7324 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | **4367** | 4369 | **1295** | 1592 | 1480 | 1452 | 1542 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Pretax, pre-provision income** | $**29627** | $26515 | $**10751** | $9280 | $9596 | $8560 | $8866 |
| **Reconciliation of average shareholders' equity to average tangible shareholders' equity and average tangible common shareholders' equity** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | $**298249** | $293638 | $**301975** | $296917 | $295787 | $295134 | $294985 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **(69021)** | (69021) | **(69021)** | (69021) | (69021) | (69021) | (69021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets (excluding mortgage servicing rights) | **(1893)** | (1971) | **(1873)** | (1893) | (1912) | (1932) | (1951) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related deferred tax liabilities | **845** | 869 | **839** | 846 | 851 | 859 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible shareholders' equity** | $**228180** | $223515 | $**231920** | $226849 | $225705 | $225040 | $224877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | **(23381)** | (27493) | **(25232)** | (22573) | (22307) | (23493) | (25984) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible common shareholders' equity** | $**204799** | $196022 | $**206688** | $204276 | $203398 | $201547 | $198893 |
| **Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity and period-end tangible common shareholders' equity** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | $**304152** | $296512 | $**304152** | $299599 | $295581 | $295559 | $296512 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **(69021)** | (69021) | **(69021)** | (69021) | (69021) | (69021) | (69021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets (excluding mortgage servicing rights) | **(1860)** | (1938) | **(1860)** | (1880) | (1899) | (1919) | (1938) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related deferred tax liabilities | **828** | 859 | **828** | 842 | 846 | 851 | 859 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible shareholders' equity** | $**234099** | $226412 | $**234099** | $229540 | $225507 | $225470 | $226412 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | **(25992)** | (24554) | **(25992)** | (23495) | (20499) | (23159) | (24554) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tangible common shareholders' equity** | $**208107** | $201858 | $**208107** | $206045 | $205008 | $202311 | $201858 |
| **Reconciliation of period-end assets to period-end tangible assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets | $**3403216** | $3324293 | $**3403216** | $3441142 | $3349424 | $3261519 | $3324293 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **(69021)** | (69021) | **(69021)** | (69021) | (69021) | (69021) | (69021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets (excluding mortgage servicing rights) | **(1860)** | (1938) | **(1860)** | (1880) | (1899) | (1919) | (1938) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related deferred tax liabilities | **828** | 859 | **828** | 842 | 846 | 851 | 859 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible assets** | $**3333163** | $3254193 | $**3333163** | $3371083 | $3279350 | $3191430 | $3254193 |
| **Book value per share of common stock** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common shareholders' equity | $**278160** | $271958 | $**278160** | $276104 | $275082 | $272400 | $271958 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ending common shares issued and outstanding | **7329.4** | 7688.8 | **7329.4** | 7436.7 | 7560.1 | 7610.9 | 7688.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Book value per share of common stock** | $**37.95** | $35.37 | $**37.95** | $37.13 | $36.39 | $35.79 | $35.37 |
| **Tangible book value per share of common stock** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible common shareholders' equity | $**208107** | $201858 | $**208107** | $206045 | $205008 | $202311 | $201858 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ending common shares issued and outstanding | **7329.4** | 7688.8 | **7329.4** | 7436.7 | 7560.1 | 7610.9 | 7688.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible book value per share of common stock** | $**28.39** | $26.25 | $**28.39** | $27.71 | $27.12 | $26.58 | $26.25 |

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Current-period information is preliminary and based on company data available at the time of the presentation. 31