# EDGAR Filing Document

**Accession Number:** 0000070858
**File Stem:** 0000070858-26-000222
**Filing Date:** 2026-4
**Character Count:** 271987
**Document Hash:** ee560897177578b5a04aaefbbccf299a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000070858-26-000222.hdr.sgml**: 20260415

**ACCESSION NUMBER**: 0000070858-26-000222

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 72

**CONFORMED PERIOD OF REPORT**: 20260415

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260415

**DATE AS OF CHANGE**: 20260415

**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:** 26862495

**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-20260415

 **As filed with the Securities and Exchange Commission on April 15, 2026** 

**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):

April 15, 2026

**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 | ☐ |

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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 April 15, 2026, Bank of America Corporation (the "Corporation") announced financial results for the first quarter ended March 31, 2026, reporting first quarter net income of $8.6 billion, or $1.11 per diluted share. A copy of the press release announcing the Corporation's results for the first quarter ended March 31, 2026 (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 April 15, 2026, the Corporation will hold an investor conference call and webcast to discuss financial results for the first quarter ended March 31, 2026, 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 first quarter ended March 31, 2026 (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](bac03312026ex991.htm)</u> | <u>[The Press Release](bac03312026ex991.htm)</u> |
| <u>[99.2](bac03312026ex992.htm)</u> | <u>[The Presentation Materials](bac03312026ex992.htm)</u> |
| <u>[99.3](bac-03312026ex993.htm)</u> | <u>[The Supplemental Information](bac-03312026ex993.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.

---

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

---

Dated: April 15, 2026

## Exhibit 99.1

![](bac03312026ex991001.jpg)

1 1Q26 Financial Highlights3(B) 1Q26 Business Segment Highlights1,3,4(B) Consumer Banking • Net income of $3.1 billion • Revenue of $11.0 billion, up 5% • Average deposits of $951 billion were modestly higher and up 32% from pre-pandemic levels (4Q19); #1 in U.S. Consumer Deposits5 • Average loans and leases of $322 billion, up $7 billion, or 2% • Average Small Business loans grew 5%; #1 Small Business Lender for 19 consecutive quarters5 • Combined credit / debit card spend of $245 billion, up 7% • Client Highlights – Added ~100K net new consumer checking accounts; completed 29 consecutive quarters of net growth – 38.5 million consumer checking accounts; 91% are primary6 – 4.1 million small business checking accounts – $573 billion in consumer investment assets, up 15%7 – $1.1 trillion in payments, up 5%8 – 4.3 billion digital logins; 71% of total sales were digitally-enabled Global Wealth and Investment Management • Net income of $1.3 billion • Revenue of $6.7 billion, up 12%. The increase was driven primarily by higher asset management fees, up 15% to $4.2 billion, reflecting higher market valuations and strong assets under management (AUM) flows • Client balances of $4.6 trillion, up 10%, driven by higher market valuations and positive net client flows • Average loans and leases of $262 billion, up $30 billion, or 13% • Client Highlights – $2.1 trillion of AUM balances, up 14% – Added ~4K net new $500K+ relationships across Merrill and Private Bank – 88% 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 $1.8 billion, up 21% • $648 billion in average deposits, up 13% • Average loans and leases increased 5%, with growth across corporate, commercial and business banking • 10% improvement in treasury service charges Global Markets • Net income of $2.0 billion • Sales and trading revenue of $6.4 billion, up 13%, incl. net debit valuation adjustment (DVA) gains of $63 million. Excl. net DVA, up 12%.(E) 16th consecutive quarter of year-over-year growth – Equities revenue up 30% to $2.8 billion, incl. and excl. net DVA(E) – Fixed Income, Currencies and Commodities (FICC) revenue up 2% to $3.5 billion. Excl. net DVA, up 1%(E) From Chair and CEO Brian Moynihan: Earnings per share rose 25% year-over-year, starting 2026 with strong momentum. Net income of $8.6 billion reflected the team's disciplined execution. The team produced 290 basis points of operating leverage. This resulted in strong year-over- year improvement in returns on equity and assets. Revenue growth of 7% year-over-year included net interest income that was better than we expected, up 9%, as well as double-digit growth in sales and trading revenue, investment banking fees and asset management fees. We remain watchful of evolving risks. However, we saw healthy client activity, including solid consumer spending and stable asset quality, indicating a resilient American economy. Bank of America Reports 1Q26 Net Income of $8.6 Billion; EPS of $1.11, Up 25% YoY 1Q26 Revenue Up 7% YoY to $30.3 Billion,1 Net Interest Income Grew 9% YoY to $15.7 Billion ($15.9 Billion FTE)(A) Operating Leverage of 2.9%2 See page 10 for endnotes. Amounts may not total due to rounding. 1 Revenue, net of interest expense. 2 Operating leverage calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. 3 Financial Highlights and Business Segment Highlights are compared to the year-ago quarter unless noted. 4 The 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, 4Q25. 6 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). 7 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 8 Total payments represent payments made from Bank of America accounts using credit card, debit card, ACH, wires, billpay, person-to-person, cash and checks. 9 Return on average tangible common shareholders' equity ratio represents a non-GAAP financial measure. For more information, see page 18. 10 Tangible book value per common share represents a non-GAAP financial measure. For more information, see page 18. • Net income of $8.6 billion compared to $7.4 billion, up 17% – Diluted earnings per share of $1.11 compared to $0.89, up 25% • Revenue, net of interest expense, of $30.3 billion ($30.4 billion FTE),(A) up 7%, reflected higher net interest income (NII), sales and trading revenue, asset management fees and investment banking fees – NII of $15.7 billion ($15.9 billion FTE),(A) up 9%, driven by higher NII related to Global Markets activity, higher deposit and loan balances, and fixed-rate asset repricing, partially offset by the impact of lower interest rates • Provision for credit losses of $1.3 billion decreased from $1.5 billion in 1Q25 and was relatively flat to 4Q25 – Net charge-offs of $1.4 billion decreased from $1.5 billion in 1Q25 and increased from $1.3 billion in 4Q25, due largely to credit card seasonality • Noninterest expense of $18.5 billion, up 4%, driven by higher revenue- related expenses, as well as investments in people and technology – Efficiency ratio improved ~170 bps to 61% – Operating leverage of 2.9% • Return on average common shareholders' equity ratio of 12.0%; return on average tangible common shareholders' equity ratio of 16.0%9 • Return on average assets of 0.99% • Balance Sheet Remained Strong – Average deposit balances of $2.02 trillion increased 3%; 11th consecutive quarter of sequential growth – Average loans and leases of $1.19 trillion increased 9%, with growth across every business segment – Average Global Liquidity Sources of $960 billion(C) – Common equity tier 1 (CET1) capital of $200 billion decreased $1.7 billion from 4Q25 – CET1 ratio of 11.2% (Standardized);(D) well above the regulatory minimum – Returned $9.3 billion to shareholders (~$2.0 billion through common stock dividends and ~$7.2 billion in share repurchases) • Book value per common share rose 7% to $38.66; tangible book value per common share rose 7% to $28.8410

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![](bac03312026ex991002.jpg)

2 From Executive Vice President and CFO Alastair Borthwick: With our efficiency ratio improving nearly 170 basis points year-over-year to 61%, we once again demonstrated our flexibility to invest for growth, while practicing good expense discipline. Average deposits of more than $2 trillion grew for the 11th consecutive quarter, while loans were up 9% year-over-year, improving across every segment. In addition, our strong liquidity, and CET1 capital comfortably above regulatory requirements, helped enable us to return more than $9 billion to shareholders through common stock dividends and share repurchases. We believe our diversified business model, durable balance sheet and commitment to Responsible Growth continue to be sources of strength. Bank of America Financial Highlights ($ in billions, except per share data) 1Q26 4Q25 1Q25 Total revenue, net of interest expense $30.3 $28.4 $28.2 Provision for credit losses 1.3 1.3 1.5 Noninterest expense 18.5 17.4 17.8 Pretax income 10.4 9.6 9.0 Pretax, pre-provision income1(F) 11.7 10.9 10.5 Income tax expense 1.8 2.0 1.6 Net income 8.6 7.6 7.4 Diluted earnings per share $1.11 $0.98 $0.89 Return on average assets 0.99 % 0.89 % 0.89 % Return on average common shareholders' equity 12.0 10.4 10.4 Return on average tangible common shareholders' equity1 16.0 14.0 14.0 Efficiency ratio 61 61 63 1 Pretax, pre-provision income and return on average tangible common shareholders' equity represent non-GAAP financial measures. For more information, see page 18. Net Interest Income (FTE) $14.6 $14.8 $15.4 $15.9 $15.9 $14.4 $14.7 $15.2 $15.8 $15.7 Net interest income (GAAP) FTE adjustment 1Q25 2Q25 3Q25 4Q25 1Q26 Average Deposits $1,958 $1,974 $1,991 $2,013 $2,017 1Q25 2Q25 3Q25 4Q25 1Q26 Spotlight on Average Deposits and Net Interest Income ($B) (A)

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![](bac03312026ex991003.jpg)

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![](bac03312026ex991004.jpg)

4 Global Wealth and Investment Management1(B) Financial Results Three months ended ($ in millions) 3/31/2026 12/31/2025 3/31/2025 Total revenue2 $6,712 $6,618 $6,016 Provision (benefit) for credit losses 2 (3) 14 Noninterest expense 4,938 4,747 4,659 Pretax income 1,772 1,874 1,343 Income tax expense 443 469 336 Net income $1,329 $1,405 $1,007 Business Highlights(B) Three months ended ($ in billions) 3/31/2026 12/31/2025 3/31/2025 Average deposits $286.6 $279.5 $286.4 Average loans and leases 262.2 257.0 232.3 Total client balances (EOP) 4,572.4 4,751.4 4,157.2 AUM flows 20.4 20.2 24.0 Pretax margin 26 % 28 % 22 % Return on average allocated capital 24 28 21 Continued Business Leadership • Merrill earned most recognitions on Forbes' 2026 Best-in-State Wealth Management Teams list, including 32 teams ranked No. 1 • 23 Merrill advisors on Forbes' 2026 Top 100 Women Wealth Advisors • >300 Merrill advisors on Barron's 2026 Top 1,500 Financial Advisors • 24 Merrill advisors on Financial Planning's 2026 Top 40 Brokers Under 40 • No. 1 in Managed Personal Trust AUM(a) • Best Private Bank in North America for High Net Worth(e) • No. 1 Global Nonprofit OCIO Provider(f) See page 11 for Business Leadership sources. • Net income of $1.3 billion • Revenue of $6.7 billion,2 up 12%. The increase was driven primarily by higher asset management fees, up 15% to $4.2 billion, reflecting higher market valuations and strong AUM flows • Noninterest expense of $4.9 billion increased 6%, driven primarily by revenue-related incentives – Pretax margin of 26% • Return on average allocated capital of 24% Business Highlights1(B) • $4.6 trillion in client balances, up 10%, driven by higher market valuations and positive net client flows – AUM flows of $20 billion; $78 billion since 1Q25 • Average deposits of $287 billion increased modestly • Average loans and leases of $262 billion increased 13% Merrill Wealth Management Highlights Client Engagement • $3.8 trillion in client balances(B) • $1.7 trillion in AUM balances(B) • ~3.3K net new $500K+ households added in 1Q26 • 59K digital appointments scheduled in the quarter Strong Digital Usage Continued in the Quarter • 88% of Merrill households digitally active3 – 67% of Merrill households are active on mobile – 85% of households enrolled in eDelivery4 • 76% of eligible checks deposited through automated channels5 • 82% of eligible brokerage and bank accounts opened through digital onboarding Bank of America Private Bank Highlights Client Engagement • $757 billion in client balances(B) • $451 billion in AUM balances(B) • ~280 net new relationships added in 1Q26 with $3MM+ clients Strong Digital Usage Continued in the Quarter • 94% of relationships digitally active6 – 77% of core relationships are active on mobile – 53% of eligible relationships enrolled in eDelivery4 • 78% of eligible checks deposited through automated channels5 • 50% of eligible investment, trust and banking accounts opened through digital onboarding Note: OCIO stands for outsourced chief investment office. 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 March 2026. 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 February 2026 for Private Bank and as of March 2026 for Merrill. 5 Includes mobile check deposits, remote deposit operations, and automated teller machine transactions, as of February 2026 for Private Bank and as of March 2026 for Merrill. 6 Percentage of digitally active Private Bank core relationships across the enterprise ($3MM+ in total balances) as of February 2026. Includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships.

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![](bac03312026ex991005.jpg)

5 Global Banking1,2(B) Financial Results Three months ended ($ in millions) 3/31/2026 12/31/2025 3/31/2025 Total revenue2,3 $6,287 $6,238 $5,992 Provision for credit losses 185 243 154 Noninterest expense 3,223 3,118 3,184 Pretax income 2,879 2,877 2,654 Income tax expense 792 791 730 Net income $2,087 $2,086 $1,924 Business Highlights2(B) Three months ended ($ in billions) 3/31/2026 12/31/2025 3/31/2025 Average deposits $647.6 $656.1 $575.2 Average loans and leases 397.0 386.3 378.7 Total Corporation IB fees (excl. self-led) 1.8 1.7 1.5 Global Banking IB fees 1.0 1.0 0.8 Business Lending revenue 2.3 2.3 2.1 Global Transaction Services revenue 2.9 2.9 2.7 Efficiency ratio 51 % 50 % 53 % Return on average allocated capital 16 16 15 • Net income of $2.1 billion • Revenue of $6.3 billion3 increased 5%, driven primarily by higher investment banking fees, leasing revenue and NII, partially offset by the absence of gains related to leveraged finance positions in 1Q25 • Provision for credit losses of $185 million vs. $154 million – Net reserve build of $21 million vs. net reserve release of $33 million(G) – Net charge-offs of $164 million decreased $23 million • Noninterest expense of $3.2 billion increased 1% – Efficiency ratio of 51% • Return on average allocated capital of 16% Business Highlights1,2(B) • Total Corporation investment banking fees (excl. self-led) of $1.8 billion increased 21% • $648 billion in average deposits increased 13% • $397 billion in average loans and leases increased 5% Strong Digital Usage Continued in the Quarter1 • 86% of relationship clients digitally active4 • 2.7 million total mobile sign-ins, up 26%5 • $324 billion CashPro® App Payments, up 19% • 38.7K interactions with CashPro® Chat, supported by Erica® technology Continued Business Leadership • No. 1 in Overall Leadership in Digital Channels (tied), fourth consecutive year(g) • World's Best Bank for Small to Medium-sized Enterprises; North America's Best Transaction Bank and Best Bank for Sustainable Finance(h) • Best Solution Innovation in AI(i) • Best Global Bank for Cash Management(j) • Model Bank: An Edge in Actionable Analytics(k) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(l) • Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(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 Includes Commercial and Business Banking clients that meet revenue threshold and all Corporate clients on CashPro® and BA360 platforms as of February 2026. 5 Includes CashPro, BA360, and Global Card Access. BA360 as of February 2026.

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![](bac03312026ex991006.jpg)

6 Global Markets1,2,3(B) Financial Results Three months ended ($ in millions) 3/31/2026 12/31/2025 3/31/2025 Total revenue2,3 $7,109 $5,304 $6,585 Net DVA 63 (17) 19 Total revenue (excl. net DVA)2,3,4 $7,046 $5,321 $6,566 Provision for credit losses 27 12 28 Noninterest expense 4,370 3,906 3,811 Pretax income 2,712 1,386 2,746 Income tax expense 705 402 796 Net income $2,007 $984 $1,950 Net income (excl. net DVA)4 $1,959 $997 $1,936 Business Highlights2(B) Three months ended ($ in billions) 3/31/2026 12/31/2025 3/31/2025 Average total assets $1,101.6 $1,026.3 $969.3 Average trading-related assets 730.0 666.6 668.2 Average loans and leases 201.2 197.8 159.6 Sales and trading revenue 6.4 4.5 5.7 Sales and trading revenue (excl. net DVA)4 6.3 4.5 5.6 Global Markets IB fees 0.8 0.7 0.7 Efficiency ratio 61 % 74 % 58 % Return on average allocated capital 15 8 16 • Net income of $2.0 billion (incl. and excl. net DVA)4 • Revenue of $7.1 billion increased 8%, driven by higher sales and trading revenue, partially offset by the absence of gains related to leveraged finance positions in 1Q25 • Noninterest expense of $4.4 billion increased 15%, driven by higher revenue-related expenses and investments in the business, including people and technology – Efficiency ratio of 61% • Return on average allocated capital of 15% • Average VaR of $47 million5 Business Highlights1,2,3,4(B) • Sales and trading revenue of $6.4 billion increased 13% (excl. net DVA, up 12%)4 – Equities revenue increased 30% (incl. and excl. net DVA)4 to $2.8 billion, driven by increased client activity – FICC revenue increased 2% (excl. net DVA, up 1%)4 to $3.5 billion Additional Highlights • 650 research analysts covering 3,600+ companies; 1,350+ 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) • No. 1 in Transactional Foreign Exchange(m) • Commodity Derivatives House of the Year(o) • North America MBS House of the Year(o) • Best Sell-Side Trading Desk(p) • Equity Derivatives House of the Year(o) • No. 1 Municipal Bonds Underwriter(q) • No. 2 Top Global Research Firm(r) 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 $47MM, $50MM and $91MM for 1Q26, 4Q25 and 1Q25, respectively.

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7 All Other1 Financial Results Three months ended ($ in millions) 3/31/2026 12/31/2025 3/31/2025 Total revenue2 ($723) ($829) ($694) Provision (benefit) for credit losses (9) (10) (8) Noninterest expense (benefit) 163 (63) 290 Pretax loss (877) (756) (976) Income tax expense (benefit) (978) (624) (924) Net income (loss) $101 ($132) ($52) 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 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 income of $101 million improved from a net loss of $52 million • The Corporation's total effective tax rate for the quarter was 17.5%, which included a discrete benefit from annual share-based compensation vesting

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8 Credit Quality1 Highlights Three months ended ($ in millions) 3/31/2026 12/31/2025 3/31/2025 Provision for credit losses $1,337 $1,308 $1,480 Net charge-offs 1,409 1,287 1,452 Net charge-off ratio2 0.48 % 0.44 % 0.54 % At period-end Nonperforming loans and leases $5,831 $5,804 $6,083 Nonperforming loans and leases ratio 0.49 % 0.49 % 0.55 % Allowance for credit losses 14,309 14,380 14,366 Allowance for loan and lease losses 13,148 13,203 13,256 Allowance for loan and lease losses ratio3 1.09 % 1.12 % 1.20 % 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 $43 million from 1Q25 and increased $122 million from 4Q25, due largely to credit card seasonality – Consumer net charge-offs of $1.1 billion decreased $60 million from 1Q25 and increased $67 million from 4Q25 – Credit card charge-off rate of 3.64% vs. 4.05% in 1Q25 and 3.40% in 4Q25 ▪ Both early and late stage credit card delinquency rates improved for the fourth consecutive quarter on a year-over-year basis – Commercial net charge-offs of $350 million increased $17 million from 1Q25 and $55 million from 4Q25 • Net charge-off ratio2 of 0.48% decreased 6 bps vs. 1Q25 and increased 4 bps vs. 4Q25 Provision for credit losses • Provision for credit losses of $1.3 billion decreased $143 million from 1Q25 and was relatively flat to 4Q25 – Net reserve release of $72 million vs. net reserve build of $28 million in 1Q25 and $21 million in 4Q25(G) Allowance for credit losses • Allowance for loan and lease losses of $13.1 billion represented 1.09% of total loans and leases3 – Allowance for credit losses of $14.3 billion included $1.2 billion for unfunded commitments • Nonperforming loans of $5.8 billion decreased $252 million from 1Q25 and were relatively flat to 4Q25 • Commercial reservable criticized utilized exposure of $24.3 billion decreased $3.3 billion from 1Q25 and $409 million from 4Q25

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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 3/31/2026 12/31/2025 3/31/2025 Ending Balance Sheet Total assets $3,496.2 $3,411.7 $3,349.0 Total loans and leases 1,205.0 1,185.7 1,110.6 Total loans and leases in business segments (excluding All Other) 1,198.2 1,178.9 1,103.2 Total deposits 2,037.7 2,018.7 1,989.6 Average Balance Sheet Average total assets $3,512.5 $3,427.8 $3,349.0 Average loans and leases 1,189.5 1,170.9 1,093.7 Average deposits 2,016.9 2,012.5 1,958.3 Funding and Liquidity Long-term debt $326.0 $317.8 $304.1 Global Liquidity Sources, average(C) 960 975 942 Equity Common shareholders' equity $275.7 $277.3 $273.5 Common equity ratio 7.9 % 8.1 % 8.2 % Tangible common shareholders' equity1 $205.7 $207.2 $203.4 Tangible common equity ratio1 6.0 % 6.2 % 6.2 % Per Share Data Common shares outstanding (in billions) 7.13 7.21 7.56 Book value per common share $38.66 $38.44 $36.17 Tangible book value per common share1 28.84 28.73 26.90 Regulatory Capital2(D) CET1 capital $199.7 $201.4 $201.2 Standardized approach Risk-weighted assets $1,779 $1,773 $1,711 CET1 ratio 11.2 % 11.4 % 11.8 % Advanced approaches Risk-weighted assets $1,594 $1,570 $1,514 CET1 ratio 12.5 % 12.8 % 13.3 % Supplementary leverage Supplementary leverage ratio (SLR) 5.5 % 5.7 % 5.7 % 1 Represents a non-GAAP financial measure. For reconciliations to GAAP financial measures, see page 18. 2 Effective 4Q25, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of 1Q25.

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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 $15.9 billion, $15.9 billion, $15.4 billion, $14.8 billion and $14.6 billion for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively. Revenue, net of interest expense, on an FTE basis, was $30.4 billion, $28.5 billion and $28.4 billion for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. The FTE adjustment was $162 million, $165 million, $154 million, $145 million and $145 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, 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 March 31, 2026 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 at March 31, 2026 and December 31, 2025, and Tier 1 capital ratio under the Standardized approach at March 31, 2025. 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) 3/31/2026 12/31/2025 3/31/2025 Sales and trading revenue Fixed-income, currencies and commodities $3,545 $2,501 $3,479 Equities 2,842 2,015 2,186 Total sales and trading revenue $6,387 $4,516 $5,665 Sales and trading revenue, excluding net debit valuation adjustment1 Fixed-income, currencies and commodities $3,496 $2,517 $3,464 Equities 2,828 2,016 2,182 Total sales and trading revenue, excluding net debit valuation adjustment $6,324 $4,533 $5,646 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 18. 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. 1 For the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, net DVA gains (losses) were $63 million, ($17) million and $19 million, FICC net DVA gains (losses) were $49 million, ($16) million and $15 million, and Equities net DVA gains (losses) were $14 million, ($1) million and $4 million, respectively.

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11 (a) FFIEC Call Reports, 4Q25. (b) 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.\* (c) 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.\* (d) StockBrokers.com\* 2026 Annual Awards. (e) Euromoney, 2026. (f) Chestnut Solutions Institute, 2025. (g) Coalition Greenwich Digital Transformation Benchmarking Program, 2025. (h) Euromoney, 2025. (i) Treasury Management International, 2026. (j) Global Finance, 2025. (k) Celent, 2025. (l) Asian Banker, 2025. (m) Coalition Greenwich, 2026. (n) GlobalCapital, 2025. (o) IFR, 2025. (p) Global Markets Choice Awards, 2025. (q) LSEG-Refinitiv, 1Q26. (r) Extel, 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 first- quarter 2026 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 April 15 through 11:59 p.m. ET on April 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 clients with approximately 3,500 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 or its business segments' future results, which may include, among other measures, revenue, liquidity, net interest income, other income, provision for credit losses, expenses, operating leverage, effective tax rate, efficiency ratio, capital measures, deposits and assets, as well as strategy, 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 2025 Annual Report on Form 10-K and in any of the Corporation's subsequent U.S. Securities and Exchange Commission (SEC) 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 inquiries, demands, requests, 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 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; 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 a deterioration in private credit markets, 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, including 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, such as 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 (including noninterest expense) and expectations regarding revenue, net interest income, operating leverage, other income, provision for credit losses, net charge-offs, effective tax rate, loan or deposit growth or other projections and targets; 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 Act; 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 the ability to achieve its potential benefits, such as increased productivity and cost savings; 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, including partial 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 and economic 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) First Quarter 2026 Fourth Quarter 2025 First Quarter 2025Summary Income Statement Net interest income $15,745 $15,750 $14,443 Noninterest income 14,527 12,617 13,804 Total revenue, net of interest expense 30,272 28,367 28,247 Provision for credit losses 1,337 1,308 1,480 Noninterest expense 18,531 17,437 17,770 Income before income taxes 10,404 9,622 8,997 Income tax expense 1,820 1,975 1,637 Net income $8,584 $7,647 $7,360 Preferred stock dividends 429 328 406 Net income applicable to common shareholders $8,155 $7,319 $6,954 Average common shares issued and outstanding 7,256.1 7,364.9 7,677.9 Average diluted common shares issued and outstanding 7,417.5 7,546.9 7,770.8 Summary Average Balance Sheet Total cash and cash equivalents $270,005 $257,162 $295,712 Total debt securities 914,990 933,012 923,747 Total loans and leases 1,189,528 1,170,895 1,093,738 Total earning assets 3,099,977 3,038,880 2,966,843 Total assets 3,512,490 3,427,791 3,349,011 Total deposits 2,016,929 2,012,523 1,958,332 Common shareholders' equity 276,753 277,881 271,880 Total shareholders' equity 302,501 303,873 294,187 Performance Ratios Return on average assets 0.99 % 0.89 % 0.89 % Return on average common shareholders' equity 11.95 10.45 10.37 Return on average tangible common shareholders' equity (1) 16.00 13.97 13.97 Per Common Share Information Earnings $1.12 $0.99 $0.91 Diluted earnings 1.11 0.98 0.89 Dividends paid 0.28 0.28 0.26 Book value 38.66 38.44 36.17 Tangible book value (1) 28.84 28.73 26.90 Summary Period-End Balance Sheet March 31 2026 December 31 2025 March 31 2025 Total cash and cash equivalents $242,479 $231,845 $273,579 Total debt securities 901,127 925,635 939,279 Total loans and leases 1,205,035 1,185,700 1,110,625 Total earning assets 3,077,835 3,002,415 2,964,019 Total assets 3,496,186 3,411,738 3,349,039 Total deposits 2,037,663 2,018,729 1,989,564 Common shareholders' equity 275,672 277,251 273,450 Total shareholders' equity 300,668 303,243 293,949 Common shares issued and outstanding 7,129.9 7,212.5 7,560.1 First Quarter 2026 Fourth Quarter 2025 First Quarter 2025Credit Quality Total net charge-offs $1,409 $1,287 $1,452 Net charge-offs as a percentage of average loans and leases outstanding (2) 0.48 % 0.44 % 0.54 % Provision for credit losses $1,337 $1,308 $1,480 March 31 2026 December 31 2025 March 31 2025 Total nonperforming loans, leases and foreclosed properties (3) $5,933 $5,905 $6,201 Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3) 0.49 % 0.50 % 0.56 % Allowance for credit losses $14,309 $14,380 $14,366 Allowance for loan and lease losses 13,148 13,203 13,256 Allowance for loan and lease losses as a percentage of total loans and leases outstanding (2) 1.09 % 1.12 % 1.20 % 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 March 31 2026 December 31 2025 March 31 2025 Regulatory capital metrics (4)(5): Common equity tier 1 capital $199,695 $201,410 $201,177 Common equity tier 1 capital ratio - Standardized approach 11.2 % 11.4 % 11.8 % Common equity tier 1 capital ratio - Advanced approaches 12.5 12.8 13.3 Total capital ratio - Standardized approach 14.5 14.7 15.0 Total capital ratio - Advanced approaches 15.5 15.9 16.2 Tier 1 leverage ratio 6.5 6.8 6.8 Supplementary leverage ratio 5.5 5.7 5.7 Total ending equity to total ending assets ratio 8.6 8.9 8.8 Common equity ratio 7.9 8.1 8.2 Tangible equity ratio (6) 6.7 7.0 6.8 Tangible common equity ratio (6) 6.0 6.2 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 18. (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) Effective in the fourth quarter of 2025, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of March 31, 2025. (5) Regulatory capital ratios at March 31, 2026 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 at March 31, 2026 and December 31, 2025, and the Tier 1 capital ratio under the Standardized approach at March 31, 2025. (6) 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 18.

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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) First Quarter 2026 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $11,049 $6,712 $6,287 $7,109 $(723) Provision for credit losses 1,132 2 185 27 (9) Noninterest expense 5,837 4,938 3,223 4,370 163 Net income 3,060 1,329 2,087 2,007 101 Return on average allocated capital (1) 27 % 24 % 16 % 15 % n/m Balance Sheet Average Total loans and leases $322,164 $262,150 $396,988 $201,237 $6,989 Total deposits 950,809 286,578 647,583 39,752 92,207 Allocated capital (1) 45,500 22,250 54,250 53,500 n/m Period end Total loans and leases $321,196 $264,070 $406,982 $205,941 $6,846 Total deposits 973,306 287,719 647,018 38,012 91,608 Fourth Quarter 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $11,201 $6,618 $6,238 $5,304 $(829) Provision for credit losses 1,066 (3) 243 12 (10) Noninterest expense 5,729 4,747 3,118 3,906 (63) Net income (loss) 3,304 1,405 2,086 984 (132) Return on average allocated capital (1) 30 % 28 % 16 % 8 % n/m Balance Sheet Average Total loans and leases $322,678 $256,968 $386,319 $197,822 $7,108 Total deposits 945,394 279,456 656,120 37,875 93,678 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $325,871 $261,303 $388,998 $202,733 $6,795 Total deposits 956,265 289,854 641,211 40,614 90,785 First Quarter 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $10,493 $6,016 $5,992 $6,585 $(694) Provision for credit losses 1,292 14 154 28 (8) Noninterest expense 5,826 4,659 3,184 3,811 290 Net income 2,531 1,007 1,924 1,950 (52) Return on average allocated capital (1) 23 % 21 % 15 % 16 % n/m Balance Sheet Average Total loans and leases $315,038 $232,326 $378,733 $159,625 $8,016 Total deposits 947,550 286,399 575,185 38,809 110,389 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $318,337 $234,304 $384,208 $166,348 $7,428 Total deposits 972,064 285,063 591,619 38,268 102,550 (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 Supplemental Financial Data (Dollars in millions) First Quarter 2026 Fourth Quarter 2025 First Quarter 2025FTE basis data (1) Net interest income $15,907 $15,915 $14,588 Total revenue, net of interest expense 30,434 28,532 28,392 Net interest yield 2.07 % 2.08 % 1.99 % Efficiency ratio 60.89 61.11 62.59 Other Data March 31 2026 December 31 2025 March 31 2025 Number of financial centers - U.S. 3,540 3,628 3,681 Number of branded ATMs - U.S. 14,902 14,909 14,866 Headcount 212,134 213,207 212,732 (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 $162 million, $165 million and 145 million for the first quarter of 2026 and the fourth and first quarters of 2025, respectively.

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Current-period information is preliminary and based on company data available at the time of the presentation. 18 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 three months ended March 31, 2026, December 31, 2025 and March 31, 2025. 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) First Quarter 2026 Fourth Quarter 2025 First Quarter 2025 Reconciliation of income before income taxes to pretax, pre-provision income Income before income taxes $10,404 $9,622 $8,997 Provision for credit losses 1,337 1,308 1,480 Pretax, pre-provision income $11,741 $10,930 $10,477 Reconciliation of average shareholders' equity to average tangible shareholders' equity and average tangible common shareholders' equity Shareholders' equity $302,501 $303,873 $294,187 Goodwill (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,834) (1,853) (1,912) Related deferred tax liabilities 825 827 851 Tangible shareholders' equity $232,471 $233,826 $224,105 Preferred stock (25,748) (25,992) (22,307) Tangible common shareholders' equity $206,723 $207,834 $201,798 Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity and period-end tangible common shareholders' equity Shareholders' equity $300,668 $303,243 $293,949 Goodwill (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,821) (1,841) (1,899) Related deferred tax liabilities 821 825 846 Tangible shareholders' equity $230,647 $233,206 $223,875 Preferred stock (24,996) (25,992) (20,499) Tangible common shareholders' equity $205,651 $207,214 $203,376 Reconciliation of period-end assets to period-end tangible assets Assets $3,496,186 $3,411,738 $3,349,039 Goodwill (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,821) (1,841) (1,899) Related deferred tax liabilities 821 825 846 Tangible assets $3,426,165 $3,341,701 $3,278,965 Book value per share of common stock Common shareholders' equity $275,672 $277,251 $273,450 Ending common shares issued and outstanding 7,129.9 7,212.5 7,560.1 Book value per share of common stock $38.66 $38.44 $36.17 Tangible book value per share of common stock Tangible common shareholders' equity $205,651 $207,214 $203,376 Ending common shares issued and outstanding 7,129.9 7,212.5 7,560.1 Tangible book value per share of common stock $28.84 $28.73 $26.90

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## Exhibit 99.2

![](bac03312026ex992001.jpg)

Bank of America 1Q26 Financial Results April 15, 2026

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![](bac03312026ex992002.jpg)

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 Diluted earnings per share. 2 Operating leverage calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. 3 Revenue, net of interest expense. 4 Average basis. 5 Common equity tier 1 capital (CET1) ratio at March 31, 2026, is preliminary. 6 Average basis. See note A on slide 34 for definition of Global Liquidity Sources (GLS). 7 Represents a non-GAAP financial measure. For important presentation information, see slide 37. Earnings Growth Revenue Growth Balance Sheet Strength Net income $8.6B +17% YoY EPS $1.111 +25% YoY Operating leverage2 2.9% Efficiency ratio 61% Revenue $30.3B3 +7% YoY Net interest income +9% YoY Sales & trading +13% YoY Asset mgmt. fees +15% YoY IB fees +21% YoY Deposits $2.0T4 +3% YoY Loans $1.2T4 +9% YoY CET1 11.2% well above reg. min.5 Robust liquidity GLS $960B6 0.99% ROA +10 bps YoY 12.0% ROE +158 bps YoY 16.0% ROTCE7 +203 bps YoY 1Q26 Highlights 2

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![](bac03312026ex992003.jpg)

Note: GWIM stands for Global Wealth & Investment Management. ROAC stands for return on average allocated capital. Every Segment Contributed to Year-Over-Year Growth 3 Consumer Banking $3.1B Net income up 21% 27% ROAC GWIM $1.3B Net income up 32% 24% ROAC Global Markets $2.0B Net income up 3% 15% ROAC Global Banking $2.1B Net income up 8% 16% ROAC Grew revenue Grew net income Grew avg. loans and deposits

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![](bac03312026ex992004.jpg)

• Net income $8.6B; EPS $1.11; ROE 12.0%, ROTCE1 16.0% • Revenue, net of interest expense, of $30.3B ($30.4B FTE)1 increased $2.0B, or 7%, reflecting higher net interest income (NII), sales and trading revenue, asset management fees, and investment banking fees – NII of $15.7B ($15.9B FTE)1 increased $1.3B, or 9% – Noninterest income of $14.5B increased $0.7B, or 5% • Provision for credit losses of $1.3B in 1Q26 vs. $1.5B in 1Q25 and $1.3B in 4Q25 – Net charge-offs (NCOs)2 of $1.4B decreased from $1.5B in 1Q25 and increased from $1.3B in 4Q25, due largely to credit card seasonality • Noninterest expense of $18.5B increased $0.8B, or 4% – Operating leverage of 2.9% – Efficiency ratio improved to 61% • Balance sheet remained strong – Average deposits of $2.02T increased $59B, or 3% – Average loans and leases of $1.19T increased $96B, or 9% – Average Global Liquidity Sources3 of $960B – CET1 capital of $200B – CET1 ratio of 11.2%4 vs. 11.4% in 4Q25; well above regulatory minimum – Paid $2.0B in common dividends and repurchased $7.2B of common stock Note: FTE stands for fully taxable-equivalent basis. 1 Represent non-GAAP financial measures. For important presentation information, see slide 37. 2 Excludes loans accounted for under the fair value option. 3 See note A on slide 34 for definition of Global Liquidity Sources. 4 CET1 ratio at March 31, 2026, is preliminary. 1Q26 Highlights (Comparisons to 1Q25, unless otherwise noted) 4

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![](bac03312026ex992005.jpg)

Resilient Economic Outlook and Consumer Spend BofA Global Research CPI Inflation Estimates1 5 1Q26 Credit and Debit3 YoY % Growth Total spend up 6%; transactions up 4% 12% 6% 5% 4% 3% 3% 7% 4% 5% 2% 2% 1% $ Volume Transaction # Entertainment Travel Retail Services Gas Food Payment Spend2 and YoY % Growth $4.1T $4.3T $4.5T +4% +5% +5% 2023 2024 2025 BofA Global Research Real GDP Growth Estimates1 1 As of April 10, 2026. E stands for estimate. GDP stands for gross domestic product. CPI stands for consumer price index. 2 Total payments represent payments made from Bank of America accounts using credit card, debit card, ACH, wires, billpay, person-to-person, cash, and checks. 3 Includes consumer and small business credit card portfolios in Consumer Banking and GWIM. 4 Excludes credit and debit money transfers, charitable donations, and miscellaneous categories with immaterial volume. 4 4 2.8% 2.1% 2.3% 2.2% 3.2% 3.5% 3.1% 3.4% U.S. Global 2024 2025 2026E 2027E 3.0% 2.7% 3.5% 2.4% 3.2% 2.4% 3.3% 2.5% U.S. Global 2024 2025 2026E 2027E $1.1T $1.1T +4% +5% 1Q25 1Q26 $ Volume YoY % change March gas spend up 16% YoY

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![](bac03312026ex992006.jpg)

Balance Sheet Metrics 1Q26 4Q25 1Q25 Basel 3 Capital ($B)3,4 1Q26 4Q25 1Q25 Assets ($B) Common equity tier 1 capital $200 $201 $201 Total assets $3,496 $3,412 $3,349 Standardized approach Total loans and leases 1,205 1,186 1,111 Risk-weighted assets (RWA) $1,779 $1,773 $1,711 Cash and cash equivalents 242 232 274 CET1 ratio 11.2 % 11.4 % 11.8 % Total debt securities 901 926 939 Advanced approaches Carried at fair value 386 403 389 Risk-weighted assets $1,594 $1,570 $1,514 Held-to-maturity, at amortized cost 515 523 551 CET1 ratio 12.5 % 12.8 % 13.3 % Supplementary leverage Funding & Liquidity ($B) Supplementary Leverage Ratio 5.5 % 5.7 % 5.7 % Total deposits $2,038 $2,019 $1,990 Long-term debt 326 318 304 Global Liquidity Sources (average)1 960 975 942 Equity ($B) Common shareholders' equity $276 $277 $273 Common equity ratio 7.9 % 8.1 % 8.2 % Tangible common shareholders' equity2 $206 $207 $203 Tangible common equity ratio2 6.0 % 6.2 % 6.2 % Per Share Data Book value per common share $38.66 $38.44 $36.17 Tangible book value per common share2 28.84 28.73 26.90 Common shares outstanding (in billions) 7.13 7.21 7.56 Balance Sheet, Liquidity, and Capital (EOP basis unless noted) 6 • CET1 ratio of 11.2% decreased 14 bps vs. 4Q253 – CET1 capital of $200B decreased ~$2B – Standardized RWA of $1.8T increased $6B • Book value per share of $38.66 improved 7% vs. 1Q25; tangible book value per share of $28.84 improved 7%2 • Average Global Liquidity Sources of $960B decreased $15B from 4Q251 Note: EOP stands for end of period. 1 See note A on slide 34 for definition of Global Liquidity Sources. 2 Represent non-GAAP financial measures. For important presentation information, see slide 37. 3 Regulatory capital ratios at March 31, 2026, 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 at March 31, 2026, and December 31, 2025, and the Tier 1 capital ratio under the Standardized approach at March 31, 2025. 4 Effective 4Q25, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of 1Q25.

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![](bac03312026ex992007.jpg)

$1.96 $1.97 $1.99 $2.01 $2.02 1.79% 1.76% 1.78% 1.63% 1.47% Total rate paid Noninterest-bearing Interest-bearing 1Q25 2Q25 3Q25 4Q25 1Q26 $0.00 $0.75 $1.50 $2.25 Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($T) Average Deposit and Rate Paid Trends 7 $948 $952 $947 $945 $951 0.61% 0.58% 0.58% 0.55% 0.51% Total rate paid Low-interest and noninterest checking Other deposits 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $250 $500 $750 $1,000 $286 $277 $277 $279 $287 2.50% 2.47% 2.49% 2.21% 2.04% Total rate paid Sweep deposits Bank deposits 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $100 $200 $300 $575 $603 $632 $656 $648 2.73% 2.77% 2.80% 2.52% 2.21% Total rate paid Noninterest-bearing Interest-bearing 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $250 $500 $750 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

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![](bac03312026ex992008.jpg)

$1,086 $1,121 $1,145 $1,164 $1,183 315 319 320 323 322 232 237 246 257 262 379 388 388 386 397 160 176 191 198 201 Consumer Banking GWIM Global Banking Global Markets 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $500 $1,000 $1,500 $1,094 $1,128 $1,153 $1,171 $1,190 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $500 $1,000 $1,500 +2% +13% +5% +26% Average Loan and Lease Trends YoY +9% YoY +9% Note: Amounts may not total due to rounding. 1 Total Corporation also includes All Other. 2 Includes residential mortgage and home equity. 3 Includes direct / indirect and other consumer and commercial lease financing. Total Loans and Leases by Product ($B) Loans and Leases in Business Segments ($B)1 Total Loans and Leases by Portfolio ($B)Total Loans and Leases ($B) $462 $470 $473 $478 $480 $632 $658 $680 $692 $709 Consumer Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $250 $500 $750 8 $1,094 $1,128 $1,153 $1,171 $1,190 412 427 443 456 466 254 261 262 263 263 139 149 154 153 158 123 125 126 129 130100 100 101 103 10366 66 66 67 69 U.S. commercial Home lending Non-U.S. commercial Other Consumer credit card Commercial real estate 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $500 $1,000 $1,500 3 2

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![](bac03312026ex992009.jpg)

• Net interest income of $15.7B ($15.9B FTE)1 – Increased $1.3B from 1Q25, driven by higher NII related to Global Markets (GM) activity, higher deposit and loan balances, and fixed-rate asset repricing, partially offset by the impact of lower interest rates – Relatively flat vs. 4Q25, as two fewer days of interest accrual and the impact of lower short-end rates were mostly offset by higher deposit and loan balances, NII related to GM activity, and fixed-rate asset repricing • Net interest yield of 2.07% increased 8 bps from 1Q25 and decreased 1 bp from 4Q25 – Excluding GM, net interest yield of 2.55%1 • 100 bps parallel shift below the March 31, 2026 forward interest rate yield curve is estimated to reduce net interest income relative to the baseline forecast by $2.0B over the next 12 months2 Net Interest Income (FTE, $B)1 Net Interest Income Note: Amounts may not total due to rounding. 1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $1.9B, $1.8B, $1.5B, $1.3B, and $1.2B and average earning assets of $874.3B, $820.3B, $813.2B, $825.8B, and $767.6B for 1Q26, 4Q25, 3Q25, 2Q25, and 1Q25, 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 37. 2 As of March 31, 2026. NII asset sensitivity represents banking book positions using behavioral deposit changes. See note B on slide 34 for information on asset sensitivity assumptions. Net Interest Yield (FTE)1 1.99% 1.94% 2.01% 2.08% 2.07% 2.47% 2.44% 2.48% 2.54% 2.55% Reported net interest yield Net interest yield excl. GM 1Q25 2Q25 3Q25 4Q25 1Q26 1.50% 2.00% 2.50% 3.00% $14.6 $14.8 $15.4 $15.9 $15.9 $14.4 $14.7 $15.2 $15.8 $15.7 Net interest income (GAAP) FTE adjustment 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $6.0 $12.0 $18.0 9 Net Interest Income Mix (FTE, $B)1 $14.6 $14.8 $15.4 $15.9 $15.9 $13.4 $13.5 $13.9 $14.2 $14.0 NII excl. GM GM NII 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $6.0 $12.0 $18.0

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![](bac03312026ex992010.jpg)

• Efficiency ratio improved ~170 bps from 1Q25 to 61%; 2.9% operating leverage in 1Q26 • 1Q26 noninterest expense of $18.5B – Increased $0.8B, or 4%, vs. 1Q25, driven by higher revenue-related incentive and transaction expenses, as well as investments in people and technology – Increased $1.1B, or 6%, vs. 4Q25, driven by seasonally-elevated payroll taxes, the absence of the 4Q25 FDIC special assessment accrual reduction, and revenue-related expenses $17.8 $17.2 $17.3 $17.4 $18.5 10.9 10.3 10.5 10.6 11.3 6.9 6.9 6.8 6.8 7.2 Compensation and benefits Other 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $10.0 $20.0 63% 63% 60% 61% 61% 1Q25 2Q25 3Q25 4Q25 1Q26 55% 60% 65% Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency 10

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![](bac03312026ex992011.jpg)

Asset Quality 1 Excludes loans measured at fair value. 2 For more information on reserve build (release), see note C on slide 34. 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. Provision for Credit Losses ($MM) Net Charge-offs ($MM)1 $1,480 $1,592 $1,295 $1,308 $1,337 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $500 $1,000 $1,500 $2,000 $1,452 $1,525 $1,367 $1,287 $1,409 0.54% 0.55% 0.47% 0.44% 0.48% Net charge-offs Net charge-off ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $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 vs. $1.5B in 1Q25 and $1.3B in 4Q25 – Consumer net charge-offs of $1.1B declined $60MM vs. 1Q25; increased $67MM vs. 4Q25 ▪ Credit card charge-off rate of 3.64% in 1Q26 vs. 4.05% in 1Q25 and 3.40% in 4Q25 ▪ Credit card net charge-offs and charge-off rate seasonally higher in 1Q vs. 4Q – Commercial net charge-offs of $350MM increased $17MM vs. 1Q25 and $55MM vs. 4Q25 – Net charge-off ratio of 0.48% vs. 0.54% in 1Q25 and 0.44% in 4Q25 • Provision for credit losses of $1.3B decreased $143MM vs. 1Q25 and was relatively flat to 4Q25 • Net reserve release of $72MM in 1Q26 vs. net reserve build of $28MM in 1Q25 and $21MM in 4Q252 • Allowance for loan and lease losses of $13.1B represented 1.09% of total loans and leases1,3 – Allowance for credit losses of $14.3B included $1.2B for unfunded commitments • Nonperforming loans (NPLs) of $5.8B – Decreased $0.3B from 1Q25 – Relatively flat to 4Q25, as higher consumer NPLs, driven by residential mortgage relief extended for borrowers impacted by 2025 California wildfires, were mostly offset by lower commercial NPLs • Commercial reservable criticized utilized exposure of $24.3B declined $3.3B vs. 1Q25 and $0.4B vs. 4Q25

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![](bac03312026ex992012.jpg)

Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios $333 $466 $389 $295 $350 0.22% 0.29% 0.23% 0.17% 0.20% Small business Commercial real estate C&I Commercial NCO ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $200 $400 $600 0.00% 0.20% 0.40% 0.60% $1,119 $1,059 $978 $992 $1,059 0.98% 0.90% 0.82% 0.82% 0.89% Credit card Other Consumer NCO ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $400 $800 $1,200 0.00% 0.50% 1.00% 1.50% Commercial Metrics ($MM) 1Q26 4Q25 1Q25 Provision $374 $390 $380 Reservable criticized utilized exposure 24,339 24,748 27,652 Nonperforming loans and leases 3,151 3,228 3,470 % of loans and leases1 0.44 % 0.46 % 0.54 % Allowance for loans and leases $4,877 $4,823 $4,704 % of loans and leases1 0.68 % 0.69 % 0.74 % Commercial excl. small business NCOs $207 $165 $200 % of loans and leases1 0.12 % 0.10 % 0.13 % Consumer Metrics ($MM) 1Q26 4Q25 1Q25 Provision $963 $918 $1,100 Nonperforming loans and leases 2,680 2,576 2,613 % of loans and leases1 0.56 % 0.53 % 0.56 % Consumer 30+ days performing past due $4,561 $4,716 $4,441 Fully-insured2 458 450 460 Non fully-insured 4,103 4,266 3,981 Consumer 90+ days performing past due 1,582 1,563 1,569 Allowance for loans and leases 8,271 8,380 8,552 % of loans and leases1 1.72 % 1.73 % 1.83 % # times annualized NCOs 1.93 x 2.13 x 1.88 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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![](bac03312026ex992013.jpg)

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 D on slide 34. For important presentation information, see slide 37. 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 certificates of deposit (CDs), and assets under management (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 February 2026. Includes clients in Consumer, Small Business, and GWIM. 7 As of February 2026. Represents households with consumer bank login activities in a 90-day period. Inc / (Dec) Summary Income Statement ($MM) 1Q26 4Q25 1Q25 Total revenue, net of interest expense $11,049 ($152) $556 Provision for credit losses 1,132 66 (160) Noninterest expense 5,837 108 11 Pretax income 4,080 (326) 705 Pretax, pre-provision income1 5,212 (260) 545 Income tax expense 1,020 (82) 176 Net income $3,060 ($244) $529 Key Indicators ($B) 1Q26 4Q25 1Q25 Average deposits $950.8 $945.4 $947.6 Rate paid on deposits 0.51 % 0.55 % 0.61 % Cost of deposits2 1.53 1.47 1.54 Average loans and leases $322.2 $322.7 $315.0 Net charge-off ratio 1.52 % 1.39 % 1.62 % Net charge-offs ($MM) $1,208 $1,133 $1,262 Reserve build (release) ($MM) (76) (67) 30 Consumer investment assets3 573.3 599.1 497.7 Active mobile banking users (MM) 41.8 41.4 40.5 % Consumer sales through digital channels 71 % 69 % 65 % Number of financial centers 3,540 3,628 3,681 Combined credit / debit purchase volumes4 $244.9 $254.7 $228.4 Total consumer credit card risk-adjusted margin4 6.69 % 7.02 % 6.68 % Return on average allocated capital (ROAC) 27 30 23 Allocated capital $45.5 $44.0 $44.0 Efficiency ratio 53 % 51 % 56 % 13 • Net income $3.1B; ROAC 27% • Revenue of $11.0B increased 5% from 1Q25, driven primarily by higher net interest income • Provision for credit losses of $1.1B vs. $1.3B in 1Q25 – Net reserve release of $76MM vs. net reserve build of $30MM in 1Q25 – Net charge-offs of $1.2B decreased $54MM vs. 1Q25 • Noninterest expense of $5.8B was relatively flat vs. 1Q25 – Efficiency ratio 53% • Average deposits of $951B increased $3B from 1Q25 – 59% of deposits in checking accounts; 91% are primary accounts5 • Average loans and leases of $322B increased $7B, or 2%, from 1Q25 • Combined credit / debit card spend of $245B increased 7% from 1Q254 • Consumer investment assets of $573B grew $76B, or 15%, vs. 1Q25,3 driven by higher market valuations and $20B of net client flows from new and existing clients • 11.4MM clients enrolled in Preferred Rewards, up 3% from 1Q256 • 79% of households digitally active7

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![](bac03312026ex992014.jpg)

• Net income $1.3B; ROAC 24% • Revenue of $6.7B increased 12% from 1Q25, driven primarily by higher asset management fees, reflecting higher market valuations and strong AUM flows • Noninterest expense of $4.9B increased 6% from 1Q25, driven primarily by revenue-related incentives – Pretax margin 26% • Client balances of $4.6T increased 10% vs. 1Q25, driven by higher market valuations and positive net client flows – AUM flows of $20B in 1Q26; $78B since 1Q25 • 66% of clients have deposit or lending relationship – Average deposits of $287B increased modestly from 1Q25 – Average loans and leases of $262B increased $30B, or 13%, from 1Q25 • Added ~4K net new $500K+ relationships across Merrill and Private Bank in 1Q26 • 88% 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 D on slide 34. For important presentation information, see slide 37. 2 Represents the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. As of February 2026 for Private Bank and as of March 2026 for Merrill. Inc / (Dec) Summary Income Statement ($MM) 1Q26 4Q25 1Q25 Total revenue, net of interest expense $6,712 $94 $696 Provision (benefit) for credit losses 2 5 (12) Noninterest expense 4,938 191 279 Pretax income 1,772 (102) 429 Pretax, pre-provision income1 1,774 (97) 417 Income tax expense 443 (26) 107 Net income $1,329 ($76) $322 Key Indicators ($B) 1Q26 4Q25 1Q25 Average deposits $286.6 $279.5 $286.4 Rate paid on deposits 2.04 % 2.21 % 2.50 % Average loans and leases $262.2 $257.0 $232.3 Net charge-off ratio 0.02 % 0.01 % 0.02 % Net charge-offs ($MM) $13 $5 $9 Reserve build (release) ($MM) (11) (8) 5 AUM flows 20.4 20.2 24.0 Pretax margin 26 % 28 % 22 % Return on average allocated capital (ROAC) 24 28 21 Allocated capital $22.3 $19.8 $19.8 14

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Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking, 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 D on slide 34. For important presentation information, see slide 37. Inc / (Dec) Summary Income Statement ($MM) 1Q26 4Q25 1Q25 Total revenue, net of interest expense1 $6,287 $49 $295 Provision for credit losses 185 (58) 31 Noninterest expense 3,223 105 39 Pretax income 2,879 2 225 Pretax, pre-provision income2 3,064 (56) 256 Income tax expense 792 1 62 Net income $2,087 $1 $163 Selected Revenue Items ($MM) 1Q26 4Q25 1Q25 Total Corporation IB fees (excl. self-led)1 $1,841 $1,666 $1,523 Global Banking IB fees1 1,047 973 847 Business Lending revenue 2,277 2,263 2,112 Global Transaction Services revenue 2,885 2,943 2,680 Key Indicators ($B) 1Q26 4Q25 1Q25 Average deposits $647.6 $656.1 $575.2 Average loans and leases 397.0 386.3 378.7 Net charge-off ratio 0.17 % 0.17 % 0.20 % Net charge-offs ($MM) $164 $160 $187 Reserve build (release) ($MM) 21 83 (33) Return on average allocated capital (ROAC) 16 % 16 % 15 % Allocated capital $54.3 $50.8 $50.8 Efficiency ratio 51 % 50 % 53 % 15 • Net income $2.1B; ROAC 16% • Revenue of $6.3B increased 5% from 1Q25, driven primarily by higher investment banking fees, leasing revenue, and net interest income, partially offset by the absence of gains related to leveraged finance positions in 1Q25 – Total Corporation investment banking fees (excl. self-led) of $1.8B increased 21% vs. 1Q25 • Provision for credit losses of $185MM vs. $154MM in 1Q25 – Net reserve build of $21MM vs. net reserve release of $33MM in 1Q25 – Net charge-offs of $164MM decreased $23MM from 1Q25 • Noninterest expense of $3.2B increased 1% vs. 1Q25 – Efficiency ratio 51% • Average deposits of $648B increased $72B, or 13%, from 1Q25 • Average loans and leases of $397B increased $18B, or 5%, from 1Q25

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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 $3.5B, $2.5B, and $3.5B for 1Q26, 4Q25, and 1Q25, respectively. Reported Equities sales and trading revenue was $2.8B, $2.0B, and $2.2B for 1Q26, 4Q25, and 1Q25, respectively. See note E on slide 34 and slide 37 for important presentation information. 4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note D on slide 34. For important presentation information, see slide 37. 5 See note F on slide 34 for the definition of VaR. Inc / (Dec) Summary Income Statement ($MM) 1Q26 4Q25 1Q25 Total revenue, net of interest expense2 $7,109 $1,805 $524 Net DVA 63 80 44 Total revenue (excl. net DVA)2,3 7,046 1,725 480 Provision for credit losses 27 15 (1) Noninterest expense 4,370 464 559 Pretax income 2,712 1,326 (34) Pretax, pre-provision income4 2,739 1,341 (35) Income tax expense 705 303 (91) Net income $2,007 $1,023 $57 Net income (excl. net DVA)3 $1,959 $962 $23 Selected Revenue Items ($MM)2 1Q26 4Q25 1Q25 Sales and trading revenue $6,387 $4,516 $5,665 Sales and trading revenue (excl. net DVA)3 6,324 4,533 5,646 FICC (excl. net DVA)3 3,496 2,517 3,464 Equities (excl. net DVA)3 2,828 2,016 2,182 Global Markets IB fees 762 656 681 Key Indicators ($B) 1Q26 4Q25 1Q25 Average total assets $1,101.6 $1,026.3 $969.3 Average trading-related assets 730.0 666.6 668.2 Average 99% VaR ($MM)5 47 50 91 Average loans and leases 201.2 197.8 159.6 Net charge-offs ($MM) 33 — 6 Reserve build (release) ($MM) (6) 12 22 Return on average allocated capital (ROAC) 15 % 8 % 16 % Allocated capital $53.5 $49.0 $49.0 Efficiency ratio 61 % 74 % 58 % 16 • Net income $2.0B (incl. and excl. net DVA);3 ROAC 15% • Revenue of $7.1B increased 8% from 1Q25, driven by higher sales and trading revenue, partially offset by the absence of gains related to leveraged finance positions in 1Q25 • Sales and trading revenue of $6.4B increased 13% from 1Q25; excluding net DVA, up 12%3 – Equities revenue increased 30% to $2.8B (incl. and excl. net DVA),3 driven by increased client activity – FICC revenue increased 2% to $3.5B (excl. net DVA, up 1%)3 • Noninterest expense of $4.4B increased 15% vs. 1Q25, driven by higher revenue-related expenses and investments in the business, including people and technology – Efficiency ratio 61% • Average VaR of $47MM in 1Q265

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• Net income $101MM • The Corporation's total effective tax rate for the quarter was 17.5%, which included a discrete benefit from annual share-based compensation vesting All Other1 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note D on slide 34. For important presentation information, see slide 37. Inc / (Dec) Summary Income Statement ($MM) 1Q26 4Q25 1Q25 Total revenue, net of interest expense ($723) $106 ($29) Provision (benefit) for credit losses (9) 1 (1) Noninterest expense (benefit) 163 226 (127) Pretax income (loss) (877) (121) 99 Pretax, pre-provision income (loss)2 (886) (120) 98 Income tax expense (benefit) (978) (354) (54) Net income (loss) $101 $233 $153 17

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Additional Presentation Information

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Added ~100K net new checking accounts; completed 29 consecutive quarters of net growth Opened ~1MM new credit card accounts1 Consumer investment assets up 15% YoY to $573B;2 over 4MM accounts with $20B flows since 1Q25 Grew average Small Business loans 5% YoY 1 Includes credit cards across Consumer Banking, Small Business, and GWIM. 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and 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 March 31, 2026. Improved investment banking fee market share YoY5 Treasury service charges increased 10% YoY Grew average loans 5% YoY; over 3% growth in each business Grew average deposits 13% YoY Continued Organic Growth in 1Q26 19 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets $6.3T total deposits, loans, and investment balances3 $96B total net wealth spectrum client flows since 1Q254 $4.6T client balances,2 up 10% YoY; AUM balances up 14% YoY to $2.1T, with $78B flows since 1Q25 Grew average loans 13% YoY to $262B Added ~4K net new $500K+ relationships across Merrill and Private Bank Opened ~29K new bank accounts; 66% of clients have banking relationship Highest sales and trading revenue in over a decade 16 consecutive quarters of YoY sales and trading revenue growth Record Equities sales and trading revenue Grew International revenue 23% YoY

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$675 $480 257 236 154 27 161 103 44 54 59 46 Residential mortgage Home equity Consumer credit card Consumer vehicle lending Securities based lending Other consumer 4Q09 1Q26 $0 $250 $500 $750 Credit Risk Transformation Reflects Responsible Growth Strategy (EOP basis unless noted) Note: Amounts may not total due to rounding. 1 4Q09 reflects December 31, 2009 information adjusted to include the January 1, 2010 adoption of FAS 166/167 as reported in our Securities and Exchange Commission (SEC) filings. 2 Nine-quarter loss rate from Comprehensive Capital Analysis and Review (CCAR) severely adverse scenario. Consumer Loan Portfolio ($B)1 Commercial Loan Portfolio ($B)1 Federal Reserve Stress Test Loan Loss Rates (%)2 Loan Mix1 20 $328 $725 207 47829 162 69 70 U.S. commercial Non-U.S. commercial Commercial real estate Other 4Q09 1Q26 $0 $250 $500 $750 4Q09 67% 33% 1Q26 40% 60% $1,205B$1,003B 5.2% 7.7% 6.6% 9.2% 7.5% 7.1% 5.5% BAC Peer 1 Peer 2 Peer 3 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 (36%) (83%) >2x >5x Commercial Consumer 6.9%

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Metric 4Q09 1Q26 Total loans and leases1 $1,003B $1,205B Consumer $675B $480B Consumer credit card % FICO <660 $161B 26% $103B 12% Home equity Combined loan-to-value2 $154B 89% $27B 45% GWIM loans % of total loans $100B 10% $264B 22% Total Commercial % Non-U.S. commercial $328B 9% $725B 22% Commercial real estate % CRE construction $69B 39% $70B 14% Nonperforming loans 3.75% 0.49% NCO rate3 4.54% 0.48% Nine-quarter stressed net credit losses4 $104B / 10.0% $59B / 5.2% Tangible common shareholders' equity1,5 $112B $206B Global Liquidity Sources6 $214B $960B • Our loan portfolio is more balanced today and has less inherent risk than in earlier periods – Lower concentration in the consumer loan portfolio – Less exposure to unsecured consumer credit and home equity loans – GWIM loans more than doubled since 4Q09 – Commercial loan portfolio more balanced, with less concentration in construction loans ▪ 90% investment grade or secured – Stress test results indicate significantly lower credit losses expected in a severe downturn4 • Our capital base and liquidity have also increased significantly since 4Q09 – $94B higher tangible common equity5 – Global Liquidity Sources6 are more than four times higher Balance Sheet Highlights (EOP basis unless noted) 21 Transformation through Responsible Growth 1 4Q09 reflects December 31, 2009 information adjusted to include the January 1, 2010 adoption of FAS 166/167 as reported in our SEC filings. 2 4Q09 excludes purchased impaired loan portfolio acquired from Countrywide. 3 Excludes loans measured at fair value. 4 Nine-quarter losses and loss rate for 4Q09 based on the 2009 Supervisory Capital Assessment Program. 1Q26 represents 2025 Federal Reserve CCAR stress test results. 5 Represent non-GAAP financial measures. Tangible common shareholders' equity is calculated as common shareholders' equity of $275.7B and $207.2B for 1Q26 and 4Q09, which has been reduced by goodwill of $69.0B for 1Q26 and $86.3B for 4Q09 and intangible assets (excluding mortgage servicing rights) of $1.8B and $12.0B for 1Q26 and 4Q09, net of related deferred tax liabilities of $0.8B and $3.5B for 1Q26 and 4Q09. For important presentation information, see slide 37. 6 4Q09 Global Liquidity Sources shown on ending basis; 1Q26 shown on average basis. The Corporation adopted the disclosure of average liquidity sources in 2017. See note A on slide 34 for definition of Global Liquidity Sources.

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1 Total Consumer loans and leases also include $0.2B of Other Consumer, substantially all of which is consumer overdrafts. 2 Excludes loans measured at fair value. 3 Average FICO for Credit Card based on credit line. 4 Refreshed loan-to-value. Loan-to-value for Consumer Vehicle Lending based on auto loans. 5 Debt-to-income based on last 12 months of originations. Highlights Total Consumer1 Residential Mortgage Home Equity Securities- Based Lending Consumer Vehicle Lending Credit Card Ending balance $480B $236B $27B $59B $54B $103B NCO ratio 0.89% 0.01% (0.09%) 0.00% 0.53% 3.64% 30 days performing past due $4.6B $1.6B $0.1B $0.0B $0.3B $2.5B % of loans2 0.95% 0.68% 0.29% 0.06% 0.57% 2.44% 90 days performing past due $1.6B $0.2B $— $— $— $1.3B % of loans2 0.33% 0.10% —% —% —% 1.30% Allowance as % of loans2 1.72% 0.13% 0.43% —% 1.29% 6.90% Average FICO3 N/A 775 773 N/A 779 778 % FICO < 660 N/A 3% 5% N/A 5% 12% Loan-to-value4 N/A 50% 45% N/A 96% N/A Debt-to-income5 N/A 36% 39% N/A 28% 28% 1Q26 Consumer Asset Quality Highlights 22 Av er ag e B al an ce $480B $236B $27B $59B $55B $103B ~79% loans secured 37% to GWIM clients

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0.89% 1Q04 1Q26 0.00% 2.00% 4.00% 6.00% 8.00% Historical Consumer and Commercial Loss Rates 23 0.20% 1Q07 1Q26 0.00% 1.00% 2.00% 3.00% 4.00% Consumer Net Charge-off Rate Commercial Net Charge-off Rate Pre-crisis average 1.33% Financial crisis average 3.58% Pre-pandemic average 0.82% Financial crisis average 1.28% Pre-pandemic average 0.13% 1Q08 4Q12 1Q20 1Q08 4Q12 1Q20 Note: Net charge-off rates are calculated as annualized net charge-offs divided by average outstanding loans and leases, excluding loans accounted for under the fair value option. For comparative presentation, periods prior to 2010 include net charge-offs on loans and leases held for investment and realized credit losses related to securitized loan portfolios that were consolidated on January 1, 2010, upon adoption of FAS 166/167.

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Fund Assets & Capital Commitments ~18% Primarily subscription financing and lending secured by diversified pools of public equities • Subscription financing facilities with ~60% average advance rate1 secured by first priority-perfected security interest in a diverse pool of underlying LP capital commitments • Loans secured by diversified pools of public equities with ~35% average advance rate with first lien on collateral with valuation discretion and operational protections on transfer of collateral Real Estate ~22% Primarily lending secured by residential mortgages • Predominantly residential mortgage collateral, which is primarily agency eligible and jumbo loans with advance rates based on mark-to-market collateral value with collateral performance triggers and borrower recourse • Also includes commercial real estate facilities that have collateral performance triggers, partial recourse, and cross-collateralization structures; loan collateral predominantly backed by strong, in-place cashflows Corporate Credit (see slide 25) ~30% Primarily lending secured by corporate loans • Facilities secured by diversified portfolios of broadly syndicated and private credit loans and structured to meet the Corporation's internal investment grade standards • Facilities include terms that reduce borrowing base attribution in event of credit deterioration of underlying loans • Collateral is predominantly first lien and diversified Consumer & Commercial Credit ~30% Primarily lending secured by auto loans made by major auto captive finance companies • ~80% weighted average advance rate2 of auto loans and other consumer and commercial credit based on par value of collateral • Facilities are structured with customized performance triggers relating to delinquency, losses, and borrower compliance • Facilities are secured by strongly performing prime-focused collateral pools Global Markets Lending 24 $206B Global Markets Funded Loans by Client Type (EOP) Public Sector & Other Asset Managers & Funds Finance Companies ~$180B 1 As of December 31, 2025. 2 As of January 31, 2026.

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• Underlying collateral is subject to defined eligibility criteria and concentration limits • Private credit facilities also typically include asset- by-asset approval rights • Advance rates applied to net collateral balance are tiered by loan type (e.g., first lien / second lien) • Conservative overall leverage against underlying collateral pools – Private credit and BSL typical advance rates ~70% to 75% • Eligible collateral is haircut in the event of credit deterioration • Periodic reporting on facility borrowing bases provided by managers and third-party trustees Senior secured revolvers • ~54% not subject to redemption • Must maintain regulatory asset coverage at a minimum of 1.5x • ~4-year avg. remaining tenor Lending Secured by Corporate Credit Collateral 25 ~$55B Funded Loans in GM Secured by Corporate Credit Portfolio is of high credit quality and meets the Corporation's internal investment grade standards Primarily short-term loan accumulation facilities • ~1-year avg. remaining tenor Senior tranche loans to CLOs • Sit at the top of the capital structure • Benefit from meaningful subordination • All AAA or AA rated (predominantly AAA) • ~11-year avg. remaining tenor Loans secured by diversified pools of predominantly first lien private credit loans to middle market companies and large corporates • Conservative advance rates • Eligibility criteria and concentration limits apply • Strong EBITDA profile of underlying collateral • ~4-year avg. remaining tenor Loans secured by diversified pools of predominantly first lien BSLs • Conservative advance rates • Eligibility criteria and concentration limits apply • Collateral subject to public ratings & bid-depth requirements • ~3-year avg. remaining tenor Borrowing Base Assessment Note: Amounts may not total due to rounding. 1 Funded exposure in Global Banking (GB). Collateralized Loan Obligations (CLOs) ~$22B Private Credit Portfolio Finance ~$20B Broadly Syndicated Loans (BSLs) ~$11B GB Lending to Business Development Companies (BDCs) <$2B1 Other ~$3B

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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 35 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. $10.5 $10.8 $11.2 $11.2 $11.0 8.5 8.7 9.0 9.1 9.0 2.0 2.1 2.2 2.1 2.1 Net interest income Noninterest income 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $4.0 $8.0 $12.0 $5.8 $5.6 $5.6 $5.7 $5.8 56% 51% 50% 51% 53% Noninterest expense Efficiency ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $948 $952 $947 $945 $951 478 477 475 471 471 470 475 472 474 480 Low-interest and noninterest checking Other deposits 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $400 $800 $1,200 $315 $319 $320 $323 $322 115 118 117 117 116 97 97 97 99 100 56 57 57 57 56 22 22 22 23 23 26 26 27 27 27 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $125 $250 $375 27 $498 $540 $580 $599 $573 4.0 4.0 4.1 4.1 4.2 Assets Accounts 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $250 $500 $750 3.5 4.0 4.5 5.0 Business Leadership1 • No. 1 in U.S. Consumer Deposits(A) • No. 1 Small Business Lender(A) • No. 1 in Retail Banking Advice Satisfaction(B) • No. 1 in Banking Mobile App Satisfaction(C) • Merrill Edge Self-Directed No. 1 for Bank Brokerage(D)

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Note: Amounts may not total due to rounding. OCIO stands for outsourced chief investment office. 1 See slide 35 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, $48B, $44B, $43B, and $41B for 1Q26, 4Q25, 3Q25, 2Q25, and 1Q25, respectively, are included in both AUM and Deposits. Total client balances only include these balances once. Average Deposits ($B) Global Wealth & Investment Management Trends Business Leadership1 • Merrill earned most recognitions on Forbes' 2026 Best-in-State Wealth Management Teams list, including 32 teams ranked No. 1 • 23 Merrill advisors on Forbes' 2026 Top 100 Women Wealth Advisors • >300 Merrill advisors on Barron's 2026 Top 1,500 Financial Advisors • 24 Merrill advisors on Financial Planning's 2026 Top 40 Brokers Under 40 • No. 1 in Managed Personal Trust AUM(A) • Best Private Bank in North America for High Net Worth(E) • No. 1 Global Nonprofit OCIO Provider(F) Average Loans and Leases ($B) Total Revenue ($B) Client Balances ($B)3,4 $6.0 $5.9 $6.3 $6.6 $6.7 1.8 1.8 1.8 1.9 1.9 3.7 3.6 3.9 4.1 4.2 0.6 0.5 0.6 0.6 0.6 Net interest income Asset management fees Brokerage / other 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $3.5 $7.0 1,856 1,987 2,110 2,178 2,116 1,821 1,932 2,041 2,068 1,947 285 276 279 290 288237 243 255 264 267$4,157 $4,395 $4,641 $4,751 $4,572 AUM Brokerage / other Deposits Loans and leases 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $2,500 $5,000 $232 $237 $246 $257 $262 110 111 112 113 114 52 53 54 57 59 68 70 76 84 86 Home lending Securities-based lending Custom lending Credit card 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $100 $200 $300$286 $277 $277 $279 $287 210 203 203 204 207 77 74 74 76 79 Sweep deposits Bank deposits 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $100 $200 $300 29 2

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Global Banking Trends Note: Amounts may not total due to rounding. 1 See slide 35 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 $51MM, $31MM, $41MM, $70MM, and $75MM for 1Q26, 4Q25, 3Q25, 2Q25, and 1Q25, respectively, are embedded within Debt, Equity, and Advisory. 4 Advisory includes fees on debt and equity advisory and mergers and acquisitions. Average Deposits ($B)Business Leadership1 • No. 1 in Overall Leadership in Digital Channels (tied), fourth consecutive year(G) • World's Best Bank for Small to Medium-sized Enterprises; North America's Best Transaction Bank and Best Bank for Sustainable Finance(H) • Best Solution Innovation in AI(I) • Best Global Bank for Cash Management(J) • Model Bank: An Edge in Actionable Analytics(K) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(L) • Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(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 Investment Banking Fees ($MM)3 $6.0 $5.7 $6.2 $6.2 $6.3 3.2 3.1 3.1 3.2 3.2 0.8 0.8 1.2 1.0 1.0 0.8 0.9 0.9 0.9 0.9 1.2 1.0 1.0 1.1 1.1 Net interest income IB fees Service charges All other income 1Q25 2Q25 3Q25 4Q25 1Q26 $0.0 $2.5 $5.0 $7.5 942 837 1,109 810 986 272 328 362 297 353 384 333 583 590 553 $1,523 $1,428 $2,013 $1,666 $1,841 Debt Equity Advisory 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $750 $1,500 $2,250 196 199 200 199 202 171 177 176 175 183 $379 $388 $388 $386 $397 Commercial Corporate Business Banking 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $250 $500 4 $575 $603 $632 $656 $648 Noninterest-bearing Interest-bearing 1Q25 2Q25 3Q25 4Q25 1Q26 $0 $250 $500 $750 31 27% 25% 23% 23% 24% 73% 75% 77% 77% 76%

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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 February for each quarter presented. 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 February for each quarter presented. 3 Erica technology integrated into CashPro Chat starting in August 2023. 4 Includes CashPro alert volume, 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 February 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 15% 23% 37% 50% 1Q23 1Q24 1Q25 1Q26 0% 20% 40% 60% 19.0 21.2 23.4 24.9 1Q23 1Q24 1Q25 1Q26 0.0 10.0 20.0 30.0 30.0 33.5 38.7 1Q24 1Q25 1Q26 0.0 15.0 30.0 45.0 CashPro® App PaymentsRelationship Client Adoption1 Mobile App Sign-ins (K)2 $174 $246 $272 $324 3.3 3.5 4.4 4.8 Value ($B) Volume (MM) 1Q23 1Q24 1Q25 1Q26 $0 $100 $200 $300 $400 0.0 2.0 4.0 6.0 8.0 1,482 1,752 2,154 2,720 1Q23 1Q24 1Q25 1Q26 0 1,000 2,000 3,000 87% 86% 86% 1Q24 1Q25 1Q26 0% 25% 50% 75% 100% Client Engagement Digital Volumes Global Banking Digital Update 32 Digital Adoption

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Global Markets Trends and Revenue Mix Note: Amounts may not total due to rounding. 1 See slide 35 for business leadership sources. 2 Represents a non-GAAP financial measure. Reported Global Markets revenue was $7.1B for 1Q26. Reported Global Markets revenue mix was the same including and excluding net DVA. Reported FICC S&T revenue mix was 46% credit / other and 54% macro. Reported S&T revenue was $6.4B, $5.7B, $5.1B, and $5.1B for 1Q26, 1Q25, 1Q24, and 1Q23, respectively. Reported FICC S&T revenue was $3.5B, $3.5B, $3.2B, and $3.4B for 1Q26, 1Q25, 1Q24, and 1Q23, respectively. Reported Equities S&T revenue was $2.8B, $2.2B, $1.9B, and $1.6B for 1Q26, 1Q25, 1Q24, and 1Q23, respectively. See note E on slide 34 and slide 37 for important presentation information. 3 Macro includes currencies, interest rates, and commodities products. 4 See note F on slide 34 for definition of VaR. 1Q26 Global Markets Revenue Mix (excl. net DVA)2 Business Leadership1 • Global Derivatives House of the Year(N) • CLO Trading Desk of the Year(N) • No. 1 in Transactional Foreign Exchange(M) • Commodity Derivatives House of the Year(O) • North America MBS House of the Year(O) • Best Sell-Side Trading Desk(P) • Equity Derivatives House of the Year(O) • No. 1 Municipal Bonds Underwriter(Q) • No. 2 Top Global Research Firm(R) 1Q26 Total FICC S&T Revenue Mix (excl. net DVA)2 Total Sales and Trading Revenue (excl. net DVA) ($B)2 Average Trading-Related Assets ($B) and VaR ($MM)4 $5.1 $5.2 $5.6 $6.3 3.4 3.3 3.5 3.5 1.6 1.9 2.2 2.8 FICC Equities 1Q23 1Q24 1Q25 1Q26 $0.0 $2.5 $5.0 $7.5 $626 $630 $668 $730 $103 $64 $91 $47 Avg. trading-related assets Avg. VaR 1Q23 1Q24 1Q25 1Q26 $0 $250 $500 $750 $0 $50 $100 $150 55% 45% U.S. International 45% 55% Credit / Other Macro3 33

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![](bac03312026ex992034.jpg)

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 Interest rate sensitivity as of March 31, 2026, reflects the potential pretax impact to forecasted net interest income over the next 12 months from March 31, 2026, 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. C 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. D Pretax, pre-provision income (PTPI) at the segment level is a non-GAAP financial measure calculated by adjusting the segment's 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 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. E 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 $63MM, ($17MM), $19MM, ($85MM), and $14MM for 1Q26, 4Q25, 1Q25, 1Q24, and 1Q23, respectively. Net DVA gains (losses) included in FICC revenue were $49MM, ($16MM), $15MM, ($76MM), and $11MM for 1Q26, 4Q25, 1Q25, 1Q24, and 1Q23, respectively. Net DVA gains (losses) included in Equities revenue were $14MM, ($1MM), $4MM, ($9MM), and $3MM for 1Q26, 4Q25, 1Q25, 1Q24, and 1Q23, respectively. F 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 $23MM, $23MM, $39MM, $31MM, and $30MM for 1Q26, 4Q25, 1Q25, 1Q24, and 1Q23, 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. Notes $ in millions 1Q26 4Q25 1Q25 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 $4,080 $1,132 $5,212 $4,406 $1,066 $5,472 $3,375 $1,292 $4,667 Global Wealth & Investment Management 1,772 2 1,774 1,874 (3) 1,871 1,343 14 1,357 Global Banking 2,879 185 3,064 2,877 243 3,120 2,654 154 2,808 Global Markets 2,712 27 2,739 1,386 12 1,398 2,746 28 2,774 All Other (877) (9) (886) (756) (10) (766) (976) (8) (984) 34

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![](bac03312026ex992035.jpg)

Business Leadership Sources (A) FFIEC Call Reports, 4Q25. (B) 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.\* (C) 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.\* (D) StockBrokers.com\* 2026 Annual Awards. (E) Euromoney, 2026. (F) Chestnut Solutions Institute, 2025. (G) Coalition Greenwich Digital Transformation Benchmarking Program, 2025. (H) Euromoney, 2025. (I) Treasury Management International, 2026. (J) Global Finance, 2025. (K) Celent, 2025. (L) Asian Banker, 2025. (M) Coalition Greenwich, 2026. (N) GlobalCapital, 2025. (O) IFR, 2025. (P) Global Markets Choice Awards, 2025. (Q) LSEG-Refinitiv, 1Q26. (R) Extel, 2025. 35 \* Website content is not incorporated by reference into this presentation.

------

![](bac03312026ex992036.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 or its business segments' future results, which may include, among other measures, revenue, liquidity, net interest income, other income, provision for credit losses, expenses, operating leverage, effective tax rate, efficiency ratio, capital measures, deposits and assets, as well as strategy, 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 2025 Annual Report on Form 10-K and in any of the Corporation's subsequent U.S. Securities and Exchange Commission (SEC) 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 inquiries, demands, requests, 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 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; 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 a deterioration in private credit markets, 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, including 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, such as 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 (including noninterest expense) and expectations regarding revenue, net interest income, operating leverage, other income, provision for credit losses, net charge-offs, effective tax rate, loan or deposit growth or other projections and targets; 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 Act; 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 the ability to achieve its potential benefits, such as increased productivity and cost savings; 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, including partial 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 and economic 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. 36

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![](bac03312026ex992037.jpg)

Important Presentation Information 37 • 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), and ratios utilizing tangible equity and tangible assets, 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 March 31, 2026, 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 1Q26 Highlights on slides 2 and 4 and on Summary Income Statement for each segment. • The Corporation also views 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 adjustments were $162MM, $165MM, $154MM, $145MM, and $145MM for 1Q26, 4Q25, 3Q25, 2Q25, and 1Q25, 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 1Q26, the Corporation adjusted the amount of capital being allocated to its business segments.

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![](bac03312026ex992038.jpg)

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## Exhibit 99.3

![baclogo2020a.jpg](baclogo2020a.jpg)

**Supplemental Information**

**First Quarter 2026**

**&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](#ic47aa209aea040eb988270332fbce77b_13)</u> | <u>[2](#ic47aa209aea040eb988270332fbce77b_13)</u> |
| <u>[Consolidated Statement of Income](#ic47aa209aea040eb988270332fbce77b_16)</u> | <u>[3](#ic47aa209aea040eb988270332fbce77b_16)</u> |
| <u>[Consolidated Statement of Comprehensive Income](#ic47aa209aea040eb988270332fbce77b_19)</u> | <u>[3](#ic47aa209aea040eb988270332fbce77b_19)</u> |
| <u>[Net Interest Income and Noninterest Income](#ic47aa209aea040eb988270332fbce77b_22)</u> | <u>[4](#ic47aa209aea040eb988270332fbce77b_22)</u> |
| <u>[Consolidated Balance Sheet](#ic47aa209aea040eb988270332fbce77b_25)</u> | <u>[5](#ic47aa209aea040eb988270332fbce77b_25)</u> |
| <u>[Capital Management](#ic47aa209aea040eb988270332fbce77b_28)</u> | <u>[6](#ic47aa209aea040eb988270332fbce77b_28)</u> |
| <u>[Capital Composition under Basel 3](#ic47aa209aea040eb988270332fbce77b_31)</u> | <u>[7](#ic47aa209aea040eb988270332fbce77b_31)</u> |
| <u>[Quarterly Average Balances and Interest Rates](#ic47aa209aea040eb988270332fbce77b_34)</u> | <u>[8](#ic47aa209aea040eb988270332fbce77b_34)</u> |
| <u>[Debt Securities](#ic47aa209aea040eb988270332fbce77b_37)</u> | <u>[9](#ic47aa209aea040eb988270332fbce77b_37)</u> |
| <u>[Supplemental Financial Data](#ic47aa209aea040eb988270332fbce77b_40)</u> | <u>[10](#ic47aa209aea040eb988270332fbce77b_40)</u> |
| <u>[Quarterly Results by Business Segment and All Other](#ic47aa209aea040eb988270332fbce77b_43)</u> | <u>[11](#ic47aa209aea040eb988270332fbce77b_43)</u> |
| Consumer Banking |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic47aa209aea040eb988270332fbce77b_49)</u> | <u>[13](#ic47aa209aea040eb988270332fbce77b_49)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic47aa209aea040eb988270332fbce77b_52)</u> | <u>[14](#ic47aa209aea040eb988270332fbce77b_52)</u> |
| Global Wealth & Investment Management |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic47aa209aea040eb988270332fbce77b_61)</u> | <u>[15](#ic47aa209aea040eb988270332fbce77b_61)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic47aa209aea040eb988270332fbce77b_64)</u> | <u>[16](#ic47aa209aea040eb988270332fbce77b_64)</u> |
| Global Banking |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic47aa209aea040eb988270332fbce77b_67)</u> | <u>[17](#ic47aa209aea040eb988270332fbce77b_67)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic47aa209aea040eb988270332fbce77b_70)</u> | <u>[18](#ic47aa209aea040eb988270332fbce77b_70)</u> |
| Global Markets |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Segment Results](#ic47aa209aea040eb988270332fbce77b_73)</u> | <u>[19](#ic47aa209aea040eb988270332fbce77b_73)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Key Indicators](#ic47aa209aea040eb988270332fbce77b_76)</u> | <u>[20](#ic47aa209aea040eb988270332fbce77b_76)</u> |
| All Other |  |
| &nbsp;&nbsp;&nbsp;&nbsp;<u>[Total Results](#ic47aa209aea040eb988270332fbce77b_79)</u> | <u>[21](#ic47aa209aea040eb988270332fbce77b_79)</u> |
| <u>[Outstanding Loans and Leases](#ic47aa209aea040eb988270332fbce77b_82)</u> | <u>[22](#ic47aa209aea040eb988270332fbce77b_82)</u> |
| <u>[Quarterly Average Loans and Leases by Business Segment and All Other](#ic47aa209aea040eb988270332fbce77b_85)</u> | <u>[23](#ic47aa209aea040eb988270332fbce77b_85)</u> |
| <u>[Commercial Credit Exposure by Industry](#ic47aa209aea040eb988270332fbce77b_88)</u> | <u>[24](#ic47aa209aea040eb988270332fbce77b_88)</u> |
| <u>[Nonperforming Loans, Leases and Foreclosed Properties](#ic47aa209aea040eb988270332fbce77b_91)</u> | <u>[25](#ic47aa209aea040eb988270332fbce77b_91)</u> |
| <u>[Nonperforming Loans, Leases and Foreclosed Properties Activity](#ic47aa209aea040eb988270332fbce77b_94)</u> | <u>[26](#ic47aa209aea040eb988270332fbce77b_94)</u> |
| <u>[Quarterly Net Charge-offs and Net Charge-off Ratios](#ic47aa209aea040eb988270332fbce77b_97)</u> | <u>[27](#ic47aa209aea040eb988270332fbce77b_97)</u> |
| <u>[Allocation of the Allowance for Credit Losses by Product Type](#ic47aa209aea040eb988270332fbce77b_103)</u> | <u>[28](#ic47aa209aea040eb988270332fbce77b_103)</u> |
| <u>[Exhibit A: Non-GAAP Reconciliations](#ic47aa209aea040eb988270332fbce77b_106)</u> | <u>[29](#ic47aa209aea040eb988270332fbce77b_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 - 12 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 - 12 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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Income statement** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $**15745** | $15750 | $15233 | $14670 | $14443 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest income | **14527** | 12617 | 13807 | 12773 | 13804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **30272** | 28367 | 29040 | 27443 | 28247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | **1337** | 1308 | 1295 | 1592 | 1480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest expense | **18531** | 17437 | 17337 | 17183 | 17770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **10404** | 9622 | 10408 | 8668 | 8997 |
| &nbsp;&nbsp;&nbsp;Pretax, pre-provision income <sup>(1)</sup> | **11741** | 10930 | 11703 | 10260 | 10477 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | **1820** | 1975 | 2076 | 1498 | 1637 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | **8584** | 7647 | 8332 | 7170 | 7360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock dividends | **429** | 328 | 429 | 291 | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to common shareholders | **8155** | 7319 | 7903 | 6879 | 6954 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | **1.11** | 0.98 | 1.04 | 0.90 | 0.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average diluted common shares issued and outstanding | **7417.5** | 7546.9 | 7627.1 | 7651.6 | 7770.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends paid per common share | $**0.28** | $0.28 | $0.28 | $0.26 | $0.26 |
| **Performance ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average assets | **0.99%** | 0.89% | 0.96% | 0.84% | 0.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average common shareholders' equity | **11.95** | 10.45 | 11.40 | 10.12 | 10.37 |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average shareholders' equity | **11.51** | 9.98 | 11.01 | 9.74 | 10.15 |
| &nbsp;&nbsp;&nbsp;Return on average tangible common shareholders' equity <sup>(2)</sup> | **16.00** | 13.97 | 15.29 | 13.61 | 13.97 |
| &nbsp;&nbsp;&nbsp;Return on average tangible shareholders' equity <sup>(2)</sup> | **14.98** | 12.97 | 14.35 | 12.77 | 13.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio | **61.22** | 61.47 | 59.70 | 62.61 | 62.91 |
| **At period end** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value per share of common stock | $**38.66** | $38.44 | $37.72 | $36.92 | $36.17 |
| &nbsp;&nbsp;&nbsp;Tangible book value per share of common stock <sup>(2)</sup> | **28.84** | 28.73 | 28.16 | 27.49 | 26.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market capitalization | **347583** | 396686 | 378125 | 351904 | 315482 |
| &nbsp;&nbsp;&nbsp;&nbsp;Number of financial centers - U.S. | **3540** | 3628 | 3649 | 3664 | 3681 |
| &nbsp;&nbsp;&nbsp;&nbsp;Number of branded ATMs - U.S. | **14902** | 14909 | 14920 | 14904 | 14866 |
| &nbsp;&nbsp;&nbsp;&nbsp;Headcount | **212134** | 213207 | 213384 | 213388 | 212732 |

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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 29.)

<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 29.)

 

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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Net interest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income | $**33359** | $34261 | $35366 | $34873 | $34066 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | **17614** | 18511 | 20133 | 20203 | 19623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | **15745** | 15750 | 15233 | 14670 | 14443 |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions | **10549** | 10181 | 10337 | 9469 | 9415 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **3637** | 2074 | 3203 | 3153 | 3584 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | **341** | 362 | 267 | 151 | 805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **14527** | 12617 | 13807 | 12773 | 13804 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total revenue, net of interest expense** | **30272** | 28367 | 29040 | 27443 | 28247 |
| **Provision for credit losses** | **1337** | 1308 | 1295 | 1592 | 1480 |
| **Noninterest expense** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compensation and benefits | **11334** | 10602 | 10523 | 10332 | 10889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Information processing and communications | **2018** | 1913 | 1827 | 1819 | 1894 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | **1900** | 1884 | 1872 | 1836 | 1856 |
| &nbsp;&nbsp;&nbsp;&nbsp;Product delivery and transaction related | **1126** | 1011 | 1025 | 974 | 914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | **583** | 682 | 606 | 640 | 652 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing | **533** | 563 | 572 | 563 | 506 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other general operating | **1037** | 782 | 912 | 1019 | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | **18531** | 17437 | 17337 | 17183 | 17770 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Income before income taxes** | **10404** | 9622 | 10408 | 8668 | 8997 |
| **Income tax expense** | **1820** | 1975 | 2076 | 1498 | 1637 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**8584** | $7647 | $8332 | $7170 | $7360 |
| **Preferred stock dividends** | **429** | 328 | 429 | 291 | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income applicable to common shareholders** | $**8155** | $7319 | $7903 | $6879 | $6954 |
| **Per common share information** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Earnings | $**1.12** | $0.99 | $1.06 | $0.91 | $0.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings | **1.11** | 0.98 | 1.04 | 0.90 | 0.89 |
| **Average common shares issued and outstanding** | **7256.1** | 7364.9 | 7466.0 | 7581.2 | 7677.9 |
| **Average diluted common shares issued and outstanding** | **7417.5** | 7546.9 | 7627.1 | 7651.6 | 7770.8 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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) |  |  |  |  |  |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Net income** | $**8584** | $7647 | $8332 | $7170 | $7360 |
| **Other comprehensive income (loss), net-of-tax:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in debt securities | **(529)** | 667 | 438 | (315) | 366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in debit valuation adjustments | **660** | (168) | (305) | (153) | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in derivatives | **(627)** | 445 | 636 | 1196 | 1313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee benefit plan adjustments | **35** | 282 | (16) | 26 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in foreign currency translation adjustments | **9** | (7) | 6 | 13 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Other comprehensive income (loss)** | **(452)** | 1219 | 759 | 767 | 2014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Comprehensive income** | $**8132** | $8866 | $9091 | $7937 | $9374 |

---

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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Net interest income** |  |  |  |  |  |
| Interest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases | $**15483** | $16015 | $16191 | $15651 | $15223 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt securities | **6291** | 6755 | 6958 | 6913 | 6767 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold and securities borrowed or purchased under agreements to resell | **3857** | 3763 | 3802 | 4094 | 3774 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading account assets | **3198** | 2979 | 3195 | 3057 | 3008 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest income | **4530** | 4749 | 5220 | 5158 | 5294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | **33359** | 34261 | 35366 | 34873 | 34066 |
| Interest expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | **7301** | 8268 | 8932 | 8681 | 8632 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | **6510** | 6472 | 7172 | 7435 | 6963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading account liabilities | **745** | 602 | 672 | 676 | 707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | **3058** | 3169 | 3357 | 3411 | 3321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | **17614** | 18511 | 20133 | 20203 | 19623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net interest income** | $**15745** | $15750 | $15233 | $14670 | $14443 |
| **Noninterest income** |  |  |  |  |  |
| Fees and commissions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Card income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interchange fees <sup>(1)</sup> | $**865** | $934 | $990 | $1036 | $916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other card income | **628** | 632 | 639 | 610 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total card income | **1493** | 1566 | 1629 | 1646 | 1518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit-related fees | **1306** | 1284 | 1267 | 1265 | 1228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lending-related fees | **368** | 365 | 365 | 350 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total service charges | **1674** | 1649 | 1632 | 1615 | 1561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset management fees | **4312** | 4193 | 3972 | 3698 | 3738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokerage fees | **1229** | 1107 | 1091 | 1082 | 1075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment and brokerage services | **5541** | 5300 | 5063 | 4780 | 4813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Underwriting income | **951** | 752 | 992 | 806 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Syndication fees | **337** | 324 | 438 | 289 | 369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial advisory services | **553** | 590 | 583 | 333 | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment banking fees | **1841** | 1666 | 2013 | 1428 | 1523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | **10549** | 10181 | 10337 | 9469 | 9415 |
| Market making and similar activities | **3637** | 2074 | 3203 | 3153 | 3584 |
| Other income (loss) | **341** | 362 | 267 | 151 | 805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total noninterest income** | $**14527** | $12617 | $13807 | $12773 | $13804 |

---

<sup>(1)</sup> Gross interchange fees and merchant income were $3.4 billion, $3.6 billion, $3.4 billion, $3.5 billion and $3.3 billion and are presented net of $2.5 billion, $2.6 billion, $2.5 billion, $2.4 billion and $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, 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) |  |  |  |
|  | **March 31<br>2026** | December 31<br>2025 | March 31<br>2025 |
| **Assets** |  |  |  |
| Cash and due from banks | $**27125** | $28595 | $24734 |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | **215354** | 203250 | 248845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | **242479** | 231845 | 273579 |
| Time deposits placed and other short-term investments | **7386** | 7474 | 7282 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | **383264** | 316578 | 328365 |
| Trading account assets | **364221** | 366954 | 339614 |
| Derivative assets | **48315** | 40881 | 36206 |
| Debt securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Carried at fair value | **386389** | 402975 | 388559 |
| &nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity, at amortized cost | **514738** | 522660 | 550720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total debt securities | **901127** | 925635 | 939279 |
| Loans and leases | **1205035** | 1185700 | 1110625 |
| Allowance for loan and lease losses | **(13148)** | (13203) | (13256) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, net of allowance | **1191887** | 1172497 | 1097369 |
| Premises and equipment, net | **12539** | 12516 | 12151 |
| Goodwill | **69021** | 69021 | 69021 |
| Loans held-for-sale | **10944** | 5165 | 6867 |
| Customer and other receivables | **96082** | 98186 | 80329 |
| Other assets | **168921** | 164986 | 158977 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3496186** | $3411738 | $3349039 |
| **Liabilities** |  |  |  |
| Deposits in U.S. offices: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $**529194** | $517834 | $513905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | **1372969** | 1361177 | 1346423 |
| Deposits in non-U.S. offices: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | **14924** | 14216 | 16105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | **120576** | 125502 | 113131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2037663** | 2018729 | 1989564 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | **353020** | 344716 | 376070 |
| Trading account liabilities | **129833** | 105996 | 105470 |
| Derivative liabilities | **43938** | 42076 | 35365 |
| Short-term borrowings | **57630** | 48088 | 41470 |
| Accrued expenses and other liabilities | **247470** | 231074 | 203005 |
| Long-term debt | **325964** | 317816 | 304146 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | **3195518** | 3108495 | 3055090 |
| **Shareholders' equity** |  |  |  |
| Preferred stock, $0.01 par value; authorized – **100,000,000** shares; issued and outstanding – **3,951,164**, 3,991,164 and 3,771,164 shares | **24996** | 25992 | 20499 |
| Common stock and additional paid-in capital, $0.01 par value; authorized – **12,800,000,000** shares; issued and outstanding – **7,129,908,032,** 7,212,464,345 and 7,560,084,716 shares | **18885** | 26084 | 41038 |
| Retained earnings | **267765** | 261693 | 245683 |
| Accumulated other comprehensive income (loss) | **(10978)** | (10526) | (13271) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total shareholders' equity** | **300668** | 303243 | 293949 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3496186** | $3411738 | $3349039 |
| **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 | $**7184** | $7139 | $6062 |
| Loans and leases | **16936** | 17875 | 18045 |
| Allowance for loan and lease losses | **(855)** | (871) | (911) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, net of allowance | **16081** | 17004 | 17134 |
| All other assets | **701** | 709 | 608 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets of consolidated variable interest entities** | $**23966** | $24852 | $23804 |
| **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 | $**6403** | $5779 | $4289 |
| Long-term debt | **6319** | 6847 | 8368 |
| All other liabilities | **21** | 18 | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities of consolidated variable interest entities** | $**12743** | $12644 | $12687 |

---

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) |
|  | **March 31<br>2026** | December 31<br>2025 | March 31<br>2025 |
| **Risk-based capital metrics** <sup>(1, 2)</sup>**:** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Standardized Approach** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital | $**199695** | $201410 | $201177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital | **224671** | 227382 | 221666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital | **258321** | 261232 | 256466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk-weighted assets | **1779222** | 1772941 | 1711025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | **11.2%** | 11.4% | 11.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital ratio | **12.6** | 12.8 | 13.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital ratio | **14.5** | 14.7 | 15.0 |
| &nbsp;&nbsp;&nbsp;**Advanced Approaches** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital | $**199695** | $201410 | $201177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital | **224671** | 227382 | 221666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital | **247433** | 250347 | 245995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk-weighted assets | **1594024** | 1570022 | 1513856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital ratio | **12.5%** | 12.8% | 13.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital ratio | **14.1** | 14.5 | 14.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total capital ratio | **15.5** | 15.9 | 16.2 |
| **Leverage-based metrics** <sup>(1, 2)</sup>**:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted average assets | $**3432747** | $3348087 | $3272037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 leverage ratio | **6.5%** | 6.8% | 6.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Supplementary leverage exposure | $**4085886** | $3986002 | $3859796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Supplementary leverage ratio | **5.5%** | 5.7% | 5.7% |
| Total ending equity to total ending assets ratio | **8.6** | 8.9 | 8.8 |
| Common equity ratio | **7.9** | 8.1 | 8.2 |
| Tangible equity ratio <sup>(3)</sup> | **6.7** | 7.0 | 6.8 |
| Tangible common equity ratio <sup>(3)</sup> | **6.0** | 6.2 | 6.2 |

---

<sup>(1)</sup> Effective in the fourth quarter of 2025, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of March 31, 2025.

<sup>(2)</sup> Regulatory capital ratios at March 31, 2026 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 at March 31, 2026 and December 31, 2025, and the Tier 1 capital ratio under the Standardized approach at March 31, 2025.

<sup>(3)</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 29.)

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) |  |  |  |
|  | **March 31<br>2026** | December 31<br>2025 | March 31<br>2025 |
| Total common shareholders' equity | $**275672** | $277251 | $273450 |
| Impact of change in accounting method <sup>(1)</sup> | **—** |  | 1632 |
| Goodwill, net of related deferred tax liabilities | **(68651)** | (68651) | (68649) |
| Deferred tax assets arising from net operating loss and tax credit carryforwards | **(8739)** | (8761) | (8419) |
| Intangibles, other than mortgage servicing rights, net of related deferred tax liabilities | **(1371)** | (1386) | (1425) |
| Defined benefit pension plan net assets, net-of-tax | **(876)** | (868) | (800) |
| Cumulative unrealized net (gain) loss related to changes in fair value of financial liabilities attributable to own&nbsp;&nbsp;&nbsp;&nbsp;creditworthiness, net-of-tax | **1090** | 1825 | 1173 |
| Accumulated net (gain) loss on certain cash flow hedges <sup>(2)</sup>  | **2657** | 2020 | 4298 |
| Other | **(87)** | (20) | (83) |
| &nbsp;&nbsp;&nbsp;**Common equity tier 1 capital** | **199695** | 201410 | 201177 |
| Qualifying preferred stock, net of issuance cost | **24995** | 25991 | 20498 |
| Other | **(19)** | (19) | (9) |
| &nbsp;&nbsp;&nbsp;**Tier 1 capital** | **224671** | 227382 | 221666 |
| Tier 2 capital instruments | **19518** | 19627 | 20650 |
| Qualifying allowance for credit losses | **14359** | 14431 | 14442 |
| Other | **(227)** | (208) | (292) |
| &nbsp;&nbsp;&nbsp;**Total capital under the Standardized approach** | **258321** | 261232 | 256466 |
| Adjustment in qualifying allowance for credit losses under the Advanced approaches | **(10888)** | (10885) | (10471) |
| &nbsp;&nbsp;&nbsp;**Total capital under the Advanced approaches** | $**247433** | $250347 | $245995 |

---

<sup>(1)</sup> Represents the decrease in retained earnings due to the Corporation's election to change accounting methods for certain tax-related equity investments in the fourth quarter of 2025. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of March 31, 2025.

<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.

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

------

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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** |
| **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) |
|  | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 |
|  | **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 | $**244128** | $**2087** | **3.47%** | $231494 | $2142 | 3.67% | $272012 | $2810 | 4.19% |
| Time deposits placed and other short-term<br>&nbsp;&nbsp;&nbsp;&nbsp;investments | **10470** | **77** | **2.98** | 10277 | 85 | 3.31 | 9202 | 92 | 4.04 |
| Federal funds sold and securities borrowed or<br> purchased under agreements to resell | **346289** | **3857** | **4.52** | 321873 | 3763 | 4.64 | 322012 | 3774 | 4.75 |
| Trading account assets | **258038** | **3232** | **5.08** | 238209 | 3009 | 5.01 | 231437 | 3034 | 5.31 |
| Debt securities | **914990** | **6307** | **2.77** | 933012 | 6773 | 2.88 | 923747 | 6786 | 2.95 |
| Loans and leases <sup>(2)</sup> |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | **236089** | **2084** | **3.54** | 235813 | 2076 | 3.52 | 228638 | 1916 | 3.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **26884** | **352** | **5.31** | 26798 | 377 | 5.59 | 25849 | 366 | 5.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **103087** | **2822** | **11.10** | 102992 | 2902 | 11.18 | 100173 | 2838 | 11.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | **114167** | **1453** | **5.17** | 112803 | 1519 | 5.34 | 106847 | 1432 | 5.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | **480227** | **6711** | **5.65** | 478406 | 6874 | 5.71 | 461507 | 6552 | 5.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **466097** | **5776** | **5.02** | 455781 | 5934 | 5.17 | 411783 | 5427 | 5.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **158080** | **1851** | **4.75** | 152913 | 2038 | 5.29 | 138853 | 2058 | 6.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **68829** | **963** | **5.67** | 67312 | 1005 | 5.93 | 65751 | 1020 | 6.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16295** | **233** | **5.74** | 16483 | 225 | 5.46 | 15844 | 215 | 5.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | **709301** | **8823** | **5.04** | 692489 | 9202 | 5.27 | 632231 | 8720 | 5.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | **1189528** | **15534** | **5.29** | 1170895 | 16076 | 5.45 | 1093738 | 15272 | 5.65 |
| Other earning assets | **136534** | **2427** | **7.20** | 133120 | 2578 | 7.68 | 114695 | 2443 | 8.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total earning assets** | **3099977** | **33521** | **4.38** | 3038880 | 34426 | 4.50 | 2966843 | 34211 | 4.67 |
| Cash and due from banks | **25877** |  |  | 25668 |  |  | 23700 |  |  |
| Other assets, less allowance for loan and lease losses | **386636** |  |  | 363243 |  |  | 358468 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3512490** |  |  | $3427791 |  |  | $3349011 |  |  |
| **Interest-bearing liabilities** |  |  |  |  |  |  |  |  |  |
| U.S. interest-bearing deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand and money market deposits | $**1109607** | $**4940** | **1.81%** | $1107741 | $5508 | 1.97% | $1068521 | $5526 | 2.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time and savings deposits | **251937** | **1689** | **2.72** | 254150 | 1846 | 2.88 | 262711 | 2119 | 3.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. interest-bearing deposits | **1361544** | **6629** | **1.97** | 1361891 | 7354 | 2.14 | 1331232 | 7645 | 2.33 |
| Non-U.S. interest-bearing deposits | **129047** | **672** | **2.11** | 129717 | 914 | 2.80 | 116733 | 987 | 3.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | **1490591** | **7301** | **1.99** | 1491608 | 8268 | 2.20 | 1447965 | 8632 | 2.42 |
| Federal funds purchased and securities loaned or sold<br> under agreements to repurchase | **384213** | **4287** | **4.52** | 351973 | 4197 | 4.73 | 385091 | 4629 | 4.87 |
| Short-term borrowings and other interest-bearing<br>&nbsp;&nbsp;&nbsp;&nbsp;liabilities | **198232** | **2223** | **4.55** | 181742 | 2275 | 4.97 | 160226 | 2334 | 5.91 |
| Trading account liabilities | **52927** | **745** | **5.71** | 47160 | 602 | 5.06 | 53678 | 707 | 5.34 |
| Long-term debt | **253997** | **3058** | **4.86** | 245470 | 3169 | 5.14 | 241036 | 3321 | 5.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total interest-bearing liabilities** | **2379960** | **17614** | **3.00** | 2317953 | 18511 | 3.17 | 2287996 | 19623 | 3.47 |
| Noninterest-bearing sources |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | **526338** |  |  | 520915 |  |  | 510367 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities <sup>(3)</sup> | **303691** |  |  | 285050 |  |  | 256461 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | **302501** |  |  | 303873 |  |  | 294187 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3512490** |  |  | $3427791 |  |  | $3349011 |  |  |
| Net interest spread |  |  | **1.38%** |  |  | 1.33% |  |  | 1.20% |
| Impact of noninterest-bearing sources |  |  | **0.69** |  |  | 0.75 |  |  | 0.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net interest income/yield on earning assets** <sup>(4)</sup> |  | $**15907** | **2.07%** |  | $15915 | 2.08% |  | $14588 | 1.99% |

---

<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> Includes $77.3 billion, $72.8 billion and $53.7 billion of structured notes and liabilities for the first quarter of 2026 and the fourth and first quarters of 2025, respectively.

<sup>(4)</sup> Net interest income includes FTE adjustments of $162 million, $165 million and $145 million for the first quarter of 2026 and the fourth and first quarters of 2025, 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) |
|  | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
|  | **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 | $**44544** | $**72** | $**(1170)** | $**43446** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency-collateralized mortgage obligations | **18365** | **47** | **(137)** | **18275** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | **44212** | **181** | **(452)** | **43941** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency residential | **270** | **54** | **(61)** | **263** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage-backed securities | **107391** | **354** | **(1820)** | **105925** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | **215210** | **103** | **(866)** | **214447** |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. securities | **33455** | **4** | **(47)** | **33412** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | **6185** | **3** | **(57)** | **6131** |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | **9203** | **14** | **(169)** | **9048** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total available-for-sale debt securities** | **371444** | **478** | **(2959)** | **368963** |
| **Other debt securities carried at fair value** <sup>(1)</sup> | **17492** | **118** | **(184)** | **17426** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities carried at fair value** | **388936** | **596** | **(3143)** | **386389** |
| **Held-to-maturity debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency mortgage-backed securities | **387880** | **—** | **(67766)** | **320114** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | **121252** | **—** | **(12640)** | **108612** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | **5631** | **2** | **(748)** | **4885** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total held-to-maturity debt securities** | **514763** | **2** | **(81154)** | **433611** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities** | $**903699** | $**598** | $**(84297)** | $**820000** |
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| **Available-for-sale debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency | $34240 | $80 | $(1179) | $33141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agency-collateralized mortgage obligations | 19304 | 27 | (132) | 19199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 38688 | 191 | (385) | 38494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-agency residential | 273 | 55 | (56) | 272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage-backed securities | 92505 | 353 | (1752) | 91106 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | 250065 | 390 | (621) | 249834 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. securities | 31765 | 20 | (18) | 31767 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | 6328 | 12 | (36) | 6304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 7948 | 15 | (176) | 7787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total available-for-sale debt securities** | 388611 | 790 | (2603) | 386798 |
| **Other debt securities carried at fair value** <sup>(1)</sup> | 16066 | 200 | (89) | 16177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities carried at fair value** | 404677 | 990 | (2692) | 402975 |
| **Held-to-maturity debt securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency mortgage-backed securities | 395415 |  | (67309) | 328106 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and government agencies | 121242 |  | (12225) | 109017 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other taxable securities | 6028 | 2 | (723) | 5307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total held-to-maturity debt securities** | 522685 | 2 | (80257) | 442430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total debt securities** | $927362 | $992 | $(82949) | $845405 |

---

<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** |
| **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** | **Supplemental Financial Data** |
| (Dollars in millions) |  |  |  |  |  |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **FTE basis data** <sup>(1)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $**15907** | $15915 | $15387 | $14815 | $14588 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **30434** | 28532 | 29194 | 27588 | 28392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest yield | **2.07%** | 2.08% | 2.01% | 1.94% | 1.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio | **60.89** | 61.11 | 59.39 | 62.28 | 62.59 |

---

<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 $162 million, $165 million, $154 million, $145 million and $145 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, 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) |  |  |  |  |  |  |
|  | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** |
|  | **Total<br>Corporation** | **Consumer Banking** | **GWIM** | **Global Banking** | **Global Markets** | **All<br>Other** |
| Net interest income | $**15907** | $**8993** | $**1862** | $**3230** | $**1861** | $**(39)** |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | **1493** | **1273** | **2** | **202** | **16** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | **1674** | **638** | **32** | **904** | **100** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **5541** | **102** | **4671** | **11** | **760** | **(3)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **1841** | **—** | **82** | **1047** | **762** | **(50)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | **10549** | **2013** | **4787** | **2164** | **1638** | **(53)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **3637** | **7** | **31** | **81** | **3721** | **(203)** |
| &nbsp;&nbsp;&nbsp;Other income (loss)  | **341** | **36** | **32** | **812** | **(111)** | **(428)** |
| Total noninterest income (loss) | **14527** | **2056** | **4850** | **3057** | **5248** | **(684)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **30434** | **11049** | **6712** | **6287** | **7109** | **(723)** |
| Provision for credit losses | **1337** | **1132** | **2** | **185** | **27** | **(9)** |
| Noninterest expense | **18531** | **5837** | **4938** | **3223** | **4370** | **163** |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | **10566** | **4080** | **1772** | **2879** | **2712** | **(877)** |
| Income tax expense (benefit) | **1982** | **1020** | **443** | **792** | **705** | **(978)** |
| &nbsp;&nbsp;&nbsp;**Net income** | $**8584** | $**3060** | $**1329** | $**2087** | $**2007** | $**101** |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**1189528** | $**322164** | $**262150** | $**396988** | $**201237** | $**6989** |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | **3512490** | **1034670** | **333409** | **749898** | **1101576** | **292937** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2016929** | **950809** | **286578** | **647583** | **39752** | **92207** |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**1205035** | $**321196** | $**264070** | $**406982** | $**205941** | $**6846** |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | **3496186** | **1058618** | **336511** | **745299** | **1091745** | **264013** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **2037663** | **973306** | **287719** | **647018** | **38012** | **91608** |
|  | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global Banking | Global Markets | All<br>Other |
| Net interest income | $15915 | $9090 | $1870 | $3238 | $1750 | $(33) |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | 1566 | 1341 | 7 | 203 | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | 1649 | 638 | 29 | 885 | 97 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | 5300 | 98 | 4563 | 14 | 628 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | 1666 |  | 69 | 973 | 656 | (32) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | 10181 | 2077 | 4668 | 2075 | 1396 | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | 2074 | 7 | 34 | 67 | 2001 | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | 362 | 27 | 46 | 858 | 157 | (726) |
| Total noninterest income (loss) | 12617 | 2111 | 4748 | 3000 | 3554 | (796) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | 28532 | 11201 | 6618 | 6238 | 5304 | (829) |
| Provision for credit losses | 1308 | 1066 | (3) | 243 | 12 | (10) |
| Noninterest expense | 17437 | 5729 | 4747 | 3118 | 3906 | (63) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 9787 | 4406 | 1874 | 2877 | 1386 | (756) |
| Income tax expense (benefit) | 2140 | 1102 | 469 | 791 | 402 | (624) |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $7647 | $3304 | $1405 | $2086 | $984 | $(132) |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1170895 | $322678 | $256968 | $386319 | $197822 | $7108 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3427791 | 1027783 | 324446 | 754999 | 1026282 | 294281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 2012523 | 945394 | 279456 | 656120 | 37875 | 93678 |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1185700 | $325871 | $261303 | $388998 | $202733 | $6795 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3411738 | 1039346 | 335495 | 734710 | 1032858 | 269329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 2018729 | 956265 | 289854 | 641211 | 40614 | 90785 |

---

<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) |  |  |  |  |  |  |
|  | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global Banking | Global Markets | All<br>Other |
| Net interest income | $14588 | $8505 | $1765 | $3151 | $1189 | $(22) |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Card income | 1518 | 1297 | 10 | 202 | 14 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges | 1561 | 618 | 27 | 826 | 89 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | 4813 | 83 | 4089 | 18 | 627 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | 1523 |  | 69 | 847 | 681 | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fees and commissions | 9415 | 1998 | 4195 | 1893 | 1411 | (82) |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | 3584 | 8 | 34 | 66 | 3622 | (146) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income (loss) | 805 | (18) | 22 | 882 | 363 | (444) |
| Total noninterest income (loss) | 13804 | 1988 | 4251 | 2841 | 5396 | (672) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | 28392 | 10493 | 6016 | 5992 | 6585 | (694) |
| Provision for credit losses | 1480 | 1292 | 14 | 154 | 28 | (8) |
| Noninterest expense | 17770 | 5826 | 4659 | 3184 | 3811 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 9142 | 3375 | 1343 | 2654 | 2746 | (976) |
| Income tax expense (benefit) | 1782 | 844 | 336 | 730 | 796 | (924) |
| &nbsp;&nbsp;&nbsp;**Net income (loss)** | $7360 | $2531 | $1007 | $1924 | $1950 | $(52) |
| **Average** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1093738 | $315038 | $232326 | $378733 | $159625 | $8016 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3349011 | 1029320 | 330607 | 673883 | 969282 | 345919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1958332 | 947550 | 286399 | 575185 | 38809 | 110389 |
| **Period end** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $1110625 | $318337 | $234304 | $384208 | $166348 | $7428 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(1)</sup> | 3349039 | 1054637 | 329816 | 687169 | 959477 | 317940 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1989564 | 972064 | 285063 | 591619 | 38268 | 102550 |

---

<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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| Net interest income | $**8993** | $9090 | $8988 | $8726 | $8505 |
| Noninterest income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Card income | **1273** | 1341 | 1403 | 1415 | 1297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges | **638** | 638 | 645 | 627 | 618 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **145** | 132 | 130 | 45 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **2056** | 2111 | 2178 | 2087 | 1988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **11049** | 11201 | 11166 | 10813 | 10493 |
| Provision for credit losses | **1132** | 1066 | 1009 | 1282 | 1292 |
| Noninterest expense | **5837** | 5729 | 5575 | 5567 | 5826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **4080** | 4406 | 4582 | 3964 | 3375 |
| Income tax expense | **1020** | 1102 | 1145 | 991 | 844 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**3060** | $3304 | $3437 | $2973 | $2531 |
| Net interest yield | **3.66%** | 3.64% | 3.59% | 3.51% | 3.48% |
| Efficiency ratio | **52.82** | 51.15 | 49.92 | 51.48 | 55.53 |
| Return on average allocated capital <sup>(1)</sup> | **27** | 30 | 31 | 27 | 23 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |
| **Average** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**322164** | $322678 | $320297 | $319142 | $315038 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **996431** | 989897 | 992007 | 996193 | 992252 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **1034670** | 1027783 | 1029529 | 1033776 | 1029320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **950809** | 945394 | 947414 | 951986 | 947550 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(1)</sup> | **45500** | 44000 | 44000 | 44000 | 44000 |
| **Period end** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**321196** | $325871 | $321905 | $320908 | $318337 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **1019832** | 998969 | 994931 | 999094 | 1016785 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **1058618** | 1039346 | 1032826 | 1037407 | 1054637 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **973306** | 956265 | 949100 | 954373 | 972064 |

---

<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. 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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **<u>Average deposit balances</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | $**560652** | $555202 | $553438 | $556030 | $551555 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **51256** | 50843 | 51840 | 53077 | 52985 |
| &nbsp;&nbsp;&nbsp;&nbsp;MMS | **229315** | 228437 | 232892 | 238285 | 241423 |
| &nbsp;&nbsp;&nbsp;&nbsp;CDs and IRAs | **105954** | 107364 | 105633 | 100957 | 98023 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **3632** | 3548 | 3611 | 3637 | 3564 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total average deposit balances** | $**950809** | $945394 | $947414 | $951986 | $947550 |
| **<u>Deposit spreads (excludes noninterest costs)</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | **3.07%** | 3.02% | 2.96% | 2.90% | 2.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | **3.39** | 3.33 | 3.28 | 3.21 | 3.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;MMS | **3.59** | 3.56 | 3.52 | 3.45 | 3.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;CDs and IRAs | **1.24** | 1.25 | 1.37 | 1.49 | 1.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **3.68** | 4.27 | 4.13 | 4.18 | 4.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total deposit spreads** | **3.01** | 2.97 | 2.94 | 2.91 | 2.85 |
| Consumer investment assets <sup>(1)</sup> | $**573254** | $599110 | $580391 | $539727 | $497680 |
| Active digital banking users (in thousands) <sup>(2)</sup> | **49986** | 49323 | 49198 | 48998 | 49028 |
| Active mobile banking users (in thousands) <sup>(3)</sup> | **41766** | 41427 | 41258 | 40840 | 40492 |
| Financial centers | **3540** | 3628 | 3649 | 3664 | 3681 |
| ATMs | **14902** | 14909 | 14920 | 14904 | 14866 |
| **<u>Total credit card</u>** <sup>(4)</sup> |  |  |  |  |  |
| **Loans** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average credit card outstandings | $**103087** | $102992 | $100966 | $100013 | $100173 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ending credit card outstandings | **102833** | 106027 | 102109 | 101209 | 99731 |
| **Credit quality** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net charge-offs | $**924** | $882 | $880 | $954 | $1001 |
|  | **3.64%** | 3.40% | 3.46% | 3.82% | 4.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;30+ delinquency | $**2512** | $2604 | $2464 | $2388 | $2497 |
|  | **2.44%** | 2.46% | 2.41% | 2.36% | 2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;90+ delinquency | $**1341** | $1352 | $1259 | $1257 | $1334 |
|  | **1.30%** | 1.27% | 1.23% | 1.24% | 1.34% |
| **Other total credit card indicators** <sup>(4)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross interest yield | **11.64%** | 11.76% | 12.17% | 12.06% | 12.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Risk-adjusted margin | **6.69** | 7.02 | 7.48 | 7.07 | 6.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;New accounts (in thousands) | **884** | 855 | 929 | 834 | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase volumes | $**92972** | $99622 | $95116 | $94814 | $88208 |
| **<u>Debit card data</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase volumes | $**151934** | $155070 | $150048 | $149288 | $140197 |
| **<u>Loan production</u>** <sup>(5)</sup> |  |  |  |  |  |
| *Consumer Banking:* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First mortgage | $**3066** | $4176 | $3052 | $3052 | $1857 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **2000** | 2159 | 2326 | 2241 | 1834 |
| Total <sup>(6)</sup>: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First mortgage | $**6432** | $8463 | $6751 | $6604 | $4508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **2462** | 2620 | 2800 | 2766 | 2214 |

---

<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. 14

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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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| Net interest income | $**1862** | $1870 | $1800 | $1762 | $1765 |
| Noninterest income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **4671** | 4563 | 4334 | 4033 | 4089 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **179** | 185 | 178 | 142 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **4850** | 4748 | 4512 | 4175 | 4251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **6712** | 6618 | 6312 | 5937 | 6016 |
| Provision for credit losses | **2** | (3) | 4 | 20 | 14 |
| Noninterest expense | **4938** | 4747 | 4622 | 4593 | 4659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **1772** | 1874 | 1686 | 1324 | 1343 |
| Income tax expense | **443** | 469 | 421 | 331 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**1329** | $1405 | $1265 | $993 | $1007 |
| Net interest yield | **2.37%** | 2.39% | 2.33% | 2.31% | 2.26% |
| Efficiency ratio | **73.58** | 71.75 | 73.22 | 77.36 | 77.44 |
| Return on average allocated capital <sup>(1)</sup> | **24** | 28 | 26 | 20 | 21 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |
| **Average** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**262150** | $256968 | $245523 | $237377 | $232326 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **318978** | 309916 | 306384 | 306490 | 316887 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **333409** | 324446 | 320484 | 320224 | 330607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **286578** | 279456 | 276534 | 276825 | 286399 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(1)</sup> | **22250** | 19750 | 19750 | 19750 | 19750 |
| **Period end** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**264070** | $261303 | $252986 | $241142 | $234304 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **321554** | 320899 | 310732 | 305793 | 315663 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **336511** | 335495 | 325605 | 320820 | 329816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **287719** | 289854 | 278931 | 275778 | 285063 |

---

<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. 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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **<u>Revenue by Business</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merrill Wealth Management | $**5579** | $5494 | $5261 | $4942 | $5019 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Private Bank | **1133** | 1124 | 1051 | 995 | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total revenue, net of interest expense** | $**6712** | $6618 | $6312 | $5937 | $6016 |
| **<u>Client Balances by Business, at period end</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Merrill Wealth Management | $**3815389** | $3992312 | $3896124 | $3695213 | $3486594 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Private Bank | **757017** | 759082 | 744675 | 700018 | 670600 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total client balances** | $**4572406** | $4751394 | $4640799 | $4395231 | $4157194 |
| **<u>Client Balances by Type, at period end</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets under management <sup>(1)</sup> | $**2115782** | $2177708 | $2109946 | $1986523 | $1855657 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokerage and other assets | **1946617** | 2067937 | 2040748 | 1932182 | 1821203 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | **287719** | 289854 | 278931 | 275778 | 285063 |
| &nbsp;&nbsp;&nbsp;Loans and leases <sup>(2)</sup> | **266657** | 263819 | 255381 | 243409 | 236641 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Managed deposits in assets under management | **(44369)** | (47924) | (44207) | (42661) | (41370) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total client balances** | $**4572406** | $4751394 | $4640799 | $4395231 | $4157194 |
| **<u>Assets Under Management Rollforward</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets under management, beginning balance | $**2177708** | $2109946 | $1986523 | $1855657 | $1882211 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net client flows | **20372** | 20209 | 23517 | 14314 | 23957 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market valuation/other | **(82298)** | 47553 | 99906 | 116552 | (50511) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets under management, ending balance** | $**2115782** | $2177708 | $2109946 | $1986523 | $1855657 |

---

<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. 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** |
| **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) |  |  |  |  |  |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| Net interest income | $**3230** | $3238 | $3141 | $3081 | $3151 |
| Noninterest income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges | **904** | 885 | 863 | 864 | 826 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **1047** | 973 | 1155 | 767 | 847 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **1106** | 1142 | 1030 | 977 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **3057** | 3000 | 3048 | 2608 | 2841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **6287** | 6238 | 6189 | 5689 | 5992 |
| Provision for credit losses | **185** | 243 | 269 | 277 | 154 |
| Noninterest expense | **3223** | 3118 | 3044 | 3070 | 3184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **2879** | 2877 | 2876 | 2342 | 2654 |
| Income tax expense | **792** | 791 | 791 | 644 | 730 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**2087** | $2086 | $2085 | $1698 | $1924 |
| Net interest yield | **1.91%** | 1.86% | 1.87% | 1.94% | 2.10% |
| Efficiency ratio | **51.27** | 50.01 | 49.16 | 53.98 | 53.14 |
| Return on average allocated capital <sup>(1)</sup> | **16** | 16 | 16 | 13 | 15 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |
| **Average** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**396988** | $386319 | $388482 | $387864 | $378733 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **685393** | 690069 | 665143 | 638259 | 608793 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **749898** | 754999 | 730206 | 703326 | 673883 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **647583** | 656120 | 631560 | 603410 | 575185 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(1)</sup> | **54250** | 50750 | 50750 | 50750 | 50750 |
| **Period end** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**406982** | $388998 | $386828 | $390691 | $384208 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(2)</sup> | **681219** | 671354 | 671971 | 673069 | 622078 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **745299** | 734710 | 737640 | 739214 | 687169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **647018** | 641211 | 640801 | 643529 | 591619 |

---

<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. 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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Investment Banking fees** <sup>(1)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Advisory <sup>(2)</sup> | $**497** | $541 | $536 | $291 | $339 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt issuance | **420** | 321 | 472 | 346 | 409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity issuance | **130** | 111 | 147 | 130 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investment Banking fees** <sup>(3)</sup> | $**1047** | $973 | $1155 | $767 | $847 |
| **Business Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | $**1092** | $1031 | $1045 | $1006 | $949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **1137** | 1181 | 1135 | 1141 | 1109 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Banking | **48** | 51 | 56 | 55 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Business Lending revenue** | $**2277** | $2263 | $2236 | $2202 | $2112 |
| **Global Transaction Services** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | $**1406** | $1415 | $1326 | $1270 | $1288 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | **1095** | 1131 | 1043 | 1018 | 1032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Banking | **384** | 397 | 370 | 361 | 360 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Global Transaction Services revenue** | $**2885** | $2943 | $2739 | $2649 | $2680 |
| **Average deposit balances** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | $**493498** | $502455 | $483285 | $453768 | $422300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | **154085** | 153665 | 148275 | 149642 | 152885 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total average deposits** | $**647583** | $656120 | $631560 | $603410 | $575185 |
| **Provision for credit losses** | $**185** | $243 | $269 | $277 | $154 |
| **Credit quality** <sup>(4, 5)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reservable criticized utilized exposure | $**20576** | $21010 | $22637 | $24298 | $24446 |
|  | **4.79%** | 5.11% | 5.55% | 5.90% | 6.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming loans, leases and foreclosed properties | $**2550** | $2620 | $2395 | $3114 | $2987 |
|  | **0.63%** | 0.68% | 0.62% | 0.80% | 0.78% |
| **Average loans and leases by product** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | $**249606** | $242890 | $244131 | $242431 | $235518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **80905** | 78363 | 79811 | 80672 | 78141 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **49922** | 48313 | 48256 | 48397 | 48939 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16555** | 16752 | 16282 | 16364 | 16135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **—** | 1 | 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total average loans and leases** | $**396988** | $386319 | $388482 | $387864 | $378733 |
| **Total Corporation Investment Banking fees** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Advisory <sup>(2)</sup> | $**553** | $590 | $583 | $333 | $384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt issuance | **986** | 810 | 1109 | 837 | 942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity issuance | **353** | 297 | 362 | 328 | 272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment banking fees including self-led deals | **1892** | 1697 | 2054 | 1498 | 1598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Self-led deals | **(51)** | (31) | (41) | (70) | (75) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Investment Banking fees** | $**1841** | $1666 | $2013 | $1428 | $1523 |

---

<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. 18

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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** |
| **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) |  |  |  |  |  |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| Net interest income | $**1861** | $1750 | $1484 | $1267 | $1189 |
| Noninterest income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment and brokerage services | **760** | 628 | 614 | 642 | 627 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment banking fees | **762** | 656 | 834 | 666 | 681 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market making and similar activities | **3721** | 2001 | 3141 | 3300 | 3622 |
| &nbsp;&nbsp;&nbsp;&nbsp;All other income | **5** | 269 | 152 | 107 | 466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | **5248** | 3554 | 4741 | 4715 | 5396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense <sup>(1)</sup> | **7109** | 5304 | 6225 | 5982 | 6585 |
| Provision for credit losses | **27** | 12 | 9 | 22 | 28 |
| Noninterest expense | **4370** | 3906 | 3895 | 3806 | 3811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | **2712** | 1386 | 2321 | 2154 | 2746 |
| Income tax expense | **705** | 402 | 673 | 625 | 796 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $**2007** | $984 | $1648 | $1529 | $1950 |
| Efficiency ratio | **61.47%** | 73.64% | 62.58% | 63.61% | 57.88% |
| Return on average allocated capital <sup>(2)</sup> | **15** | 8 | 13 | 13 | 16 |
| **<u>Balance Sheet</u>** |  |  |  |  |  |
| **Average** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total trading-related assets | $**729973** | $666609 | $676621 | $700413 | $668237 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | **201237** | 197822 | 190994 | 176368 | 159625 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | **874270** | 820324 | 813197 | 825835 | 767592 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | **1101576** | 1026282 | 1024300 | 1022955 | 969282 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **39752** | 37875 | 37588 | 38040 | 38809 |
| &nbsp;&nbsp;&nbsp;Allocated capital <sup>(2)</sup> | **53500** | 49000 | 49000 | 49000 | 49000 |
| **Period end** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total trading-related assets | $**727035** | $670949 | $638176 | $670649 | $660267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | **205941** | 202733 | 196759 | 187357 | 166348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | **866402** | 814196 | 793246 | 806289 | 761826 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | **1091745** | 1032858 | 997908 | 1017594 | 959477 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **38012** | 40614 | 36883 | 38232 | 38268 |
| **Trading-related assets (average)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | $**387514** | $357802 | $361610 | $343971 | $346590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reverse repurchases | **157053** | 132317 | 138908 | 169064 | 143605 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities borrowed | **140148** | 135904 | 135615 | 146889 | 136800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Derivative assets | **45258** | 40586 | 40488 | 40489 | 41242 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total trading-related assets** | $**729973** | $666609 | $676621 | $700413 | $668237 |

---

<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 20.

<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. 19

------

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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** |
| **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) |  |  |  |  |  |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Sales and trading revenue** <sup>(1)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-income, currencies and commodities | $**3545** | $2501 | $3092 | $3195 | $3479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equities | **2842** | 2015 | 2270 | 2133 | 2186 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total sales and trading revenue** | $**6387** | $4516 | $5362 | $5328 | $5665 |
| **Sales and trading revenue, excluding net debit valuation adjustment** <sup>(23)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-income, currencies and commodities | $**3496** | $2517 | $3078 | $3249 | $3464 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equities | **2828** | 2016 | 2270 | 2130 | 2182 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total sales and trading revenue, excluding net debit valuation adjustment** | $**6324** | $4533 | $5348 | $5379 | $5646 |
| **Sales and trading revenue breakdown** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $**1692** | $1612 | $1340 | $1119 | $1034 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commissions | **760** | 628 | 614 | 642 | 626 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trading | **3721** | 2001 | 3140 | 3299 | 3622 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **214** | 275 | 268 | 268 | 383 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total sales and trading revenue** | $**6387** | $4516 | $5362 | $5328 | $5665 |

---

<sup>(1)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Includes *Global Banking* sales and trading revenue of $242 million, $183 million, $172 million, $212 million and $(37) million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, 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 $63 million, $(17) million, $14 million, $(51) million and $19 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively. FICC net DVA gains (losses) were $49 million, $(16) million, $14 million, $(54) million and $15 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively. Equities net DVA gains (losses) were $14 million, $(1) million, $0, $3 million and $4 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively.

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

------

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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** |
| **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) |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| Net interest income | $**(39)** | $(33) | $(26) | $(21) | $(22) |
| Noninterest income (loss) | **(684)** | (796) | (672) | (812) | (672) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue, net of interest expense | **(723)** | (829) | (698) | (833) | (694) |
| Provision for credit losses | **(9)** | (10) | 4 | (9) | (8) |
| Noninterest expense | **163** | (63) | 201 | 147 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss before income taxes | **(877)** | (756) | (903) | (971) | (976) |
| Income tax expense (benefit) | **(978)** | (624) | (800) | (948) | (924) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income (loss)** | $**101** | $(132) | $(103) | $(23) | $(52) |
| **<u>Balance Sheet</u>** |  |  |  |  |  |
| **Average** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**6989** | $7108 | $7739 | $7702 | $8016 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(2)</sup> | **292937** | 294281 | 328928 | 349999 | 345919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **92207** | 93678 | 98338 | 103500 | 110389 |
| **Period end** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | $**6846** | $6795 | $7422 | $6958 | $7428 |
| &nbsp;&nbsp;&nbsp;Total assets <sup>(3)</sup> | **264013** | 269329 | 309170 | 325763 | 317940 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **91608** | 90785 | 96493 | 99701 | 102550 |

---

<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 $1.0 trillion, $1.0 trillion, $994.4 billion, $981.6 billion and $976.7 billion for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, 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 for all periods presented.

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

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| | | | |
|:---|:---|:---|:---|
| **Bank of America Corporation and Subsidiaries**<br>**Outstanding Loans and Leases** | | | |
| (Dollars in millions) |  |  |  |
|  | **March 31<br>2026** | December 31<br>2025 | March 31<br>2025 |
| **Consumer** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**236176** | $236302 | $235246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **26762** | 26823 | 25666 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **102833** | 106027 | 99731 |
| &nbsp;&nbsp;&nbsp;Direct/Indirect consumer <sup>(1)</sup>  | **113954** | 114130 | 106984 |
| &nbsp;&nbsp;&nbsp;Other consumer <sup>(2)</sup>  | **153** | 144 | 153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer loans excluding loans accounted for under the fair value option | **479878** | 483426 | 467780 |
| &nbsp;&nbsp;&nbsp;Consumer loans accounted for under the fair value option <sup>(3)</sup>  | **158** | 165 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **480036** | 483591 | 468001 |
| **Commercial** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **451951** | 436242 | 393413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **160722** | 155045 | 141327 |
| &nbsp;&nbsp;&nbsp;Commercial real estate <sup>(4)</sup>  | **69615** | 68748 | 65539 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **15945** | 16241 | 15698 |
|  | **698233** | 676276 | 615977 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. small business commercial | **23167** | 22500 | 21482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans excluding loans accounted for under the fair value option | **721400** | 698776 | 637459 |
| &nbsp;&nbsp;&nbsp;Commercial loans accounted for under the fair value option <sup>(3)</sup>  | **3599** | 3333 | 5165 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **724999** | 702109 | 642624 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $**1205035** | $1185700 | $1110625 |

---

<sup>(1)</sup> Includes primarily auto and specialty lending loans and leases of $53.9 billion, $55.3 billion and $54.1 billion, U.S. securities-based lending loans of $56.2 billion, $55.0 billion and $49.3 billion and non-U.S. consumer loans of $3.1 billion, $3.0 billion and $2.8 billion at March 31, 2026, December 31, 2025 and March 31, 2025, 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 $56 million, $58 million and $60 million and home equity loans of $102 million, $107 million and $161 million at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.5 billion, $2.1 billion and $4.0 billion and non-U.S. commercial loans of $1.1 billion, $1.2 billion and $1.2 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

<sup>(4)</sup> Includes U.S. commercial real estate loans of $64.2 billion, $62.7 billion and $59.7 billion and non-U.S. commercial real estate loans of $5.5 billion, $6.0 billion and $5.8 billion at March 31, 2026, December 31, 2025 and March 31, 2025, 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** | **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) |
|  | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** | **First Quarter 2026** |
|  | **Total<br>Corporation** | **Consumer Banking** | **GWIM** | **Global<br>Banking** | **Global<br>Markets** | **All <br>Other** |
| **Consumer** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**236089** | $**116294** | $**111042** | $**—** | $**3171** | $**5582** |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **26884** | **22837** | **2912** | **—** | **97** | **1038** |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **103087** | **99554** | **3533** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | **114167** | **54862** | **59302** | **—** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **480227** | **293547** | **176789** | **—** | **3268** | **6623** |
| **Commercial** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **466097** | **28593** | **75618** | **249606** | **112145** | **135** |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **158080** | **—** | **666** | **80905** | **76036** | **473** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **68829** | **24** | **9077** | **49922** | **9788** | **18** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **16295** | **—** | **—** | **16555** | **—** | **(260)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **709301** | **28617** | **85361** | **396988** | **197969** | **366** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $**1189528** | $**322164** | $**262150** | $**396988** | $**201237** | $**6989** |
|  | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 | Fourth Quarter 2025 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global<br>Banking | Global<br>Markets | All <br>Other |
| **Consumer** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $235813 | $116678 | $110119 | $1 | $3276 | $5739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 26798 | 22745 | 2874 |  | 97 | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 102992 | 99408 | 3585 |  |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | 112803 | 55406 | 57393 |  |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | 478406 | 294237 | 173971 | 1 | 3373 | 6824 |
| **Commercial** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | 455781 | 28415 | 73429 | 242890 | 110850 | 197 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | 152913 | 1 | 648 | 78363 | 73563 | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 67312 | 25 | 8920 | 48313 | 10036 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | 16483 |  |  | 16752 |  | (269) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | 692489 | 28441 | 82997 | 386318 | 194449 | 284 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $1170895 | $322678 | $256968 | $386319 | $197822 | $7108 |
|  | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 | First Quarter 2025 |
|  | Total<br>Corporation | Consumer Banking | GWIM | Global<br>Banking | Global<br>Markets | All <br>Other |
| **Consumer** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $228638 | $114550 | $107239 | $— | $657 | $6192 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 25849 | 21872 | 2599 |  | 150 | 1228 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 100173 | 96759 | 3414 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect and other consumer | 106847 | 54689 | 52155 |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | 461507 | 287870 | 165407 |  | 807 | 7423 |
| **Commercial** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | 411783 | 27148 | 58404 | 235518 | 90550 | 163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | 138853 |  | 708 | 78141 | 59302 | 702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 65751 | 20 | 7807 | 48939 | 8966 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | 15844 |  |  | 16135 |  | (291) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | 632231 | 27168 | 66919 | 378733 | 158818 | 593 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans and leases** | $1093738 | $315038 | $232326 | $378733 | $159625 | $8016 |

---

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** |
| **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** |
|  | **March 31<br>2026** | December 31<br>2025 | March 31<br>2025 | **March 31<br>2026** | December 31<br>2025 | March 31<br>2025 |
| Asset managers and funds | $**157305** | $149178 | $116857 | $**242756** | $234323 | $190223 |
| Finance companies | **95327** | 94444 | 77795 | **130766** | 129652 | 109820 |
| Capital goods | **57647** | 54293 | 52912 | **112724** | 108722 | 101909 |
| Real estate<sup>(5)</sup> | **70282** | 69939 | 68311 | **97921** | 99454 | 95300 |
| Healthcare equipment and services | **36833** | 35417 | 36501 | **72982** | 71944 | 65887 |
| Materials | **30743** | 29094 | 28434 | **62554** | 61872 | 61164 |
| Individuals and trusts | **45685** | 43556 | 35181 | **60264** | 59713 | 50091 |
| Consumer services | **30043** | 29757 | 29144 | **55913** | 55291 | 52708 |
| Retailing | **27372** | 25648 | 26606 | **54295** | 55313 | 53773 |
| Government and public education | **35316** | 33874 | 32872 | **52863** | 50898 | 52009 |
| Food, beverage and tobacco | **24922** | 25561 | 25209 | **49940** | 51016 | 50875 |
| Media | **13868** | 11324 | 10120 | **46086** | 43691 | 22911 |
| Commercial services and supplies | **25013** | 24680 | 25724 | **45869** | 46058 | 45275 |
| Utilities | **19604** | 18670 | 18822 | **44913** | 43554 | 42774 |
| Energy | **15544** | 13199 | 13968 | **42721** | 39122 | 35560 |
| Transportation | **24512** | 24772 | 23426 | **37832** | 37707 | 35836 |
| Software and services | **17555** | 15317 | 11169 | **34947** | 32070 | 25229 |
| Technology hardware and equipment | **12767** | 11488 | 9758 | **31820** | 30519 | 28358 |
| Global commercial banks | **24815** | 22377 | 20802 | **27790** | 25327 | 24341 |
| Vehicle dealers | **19414** | 19222 | 18050 | **25081** | 24669 | 23542 |
| Pharmaceuticals and biotechnology | **7359** | 7166 | 7704 | **24615** | 23325 | 21911 |
| Insurance | **12156** | 11443 | 10820 | **23995** | 23762 | 22050 |
| Consumer durables and apparel | **9642** | 9612 | 9615 | **21722** | 23299 | 21292 |
| Automobiles and components | **7772** | 8129 | 8136 | **16257** | 17284 | 17270 |
| Telecommunication services | **6946** | 6525 | 9320 | **15896** | 15686 | 17824 |
| Food and staples retailing | **5872** | 5313 | 7129 | **11157** | 10836 | 12594 |
| Financial markets infrastructure (clearinghouses) | **6561** | 6101 | 3956 | **8784** | 8336 | 6676 |
| Religious and social organizations | **2258** | 2290 | 2442 | **4302** | 4245 | 4188 |
| &nbsp;&nbsp;&nbsp;**Total commercial credit exposure by industry** | $**843133** | $808389 | $740783 | $**1456765** | $1427688 | $1291390 |

---

<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 $71.8 billion, $70.6 billion and $56.8 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $30.8 billion, $27.2 billion and $26.5 billion, which consists primarily of other marketable securities, at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

<sup>(2)</sup> Total utilized and total committed exposure includes loans of $3.6 billion, $3.3 billion and $5.2 billion and issued letters of credit with a notional amount of $63 million, $77 million and $40 million accounted for under the fair value option at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $2.4 billion, $2.3 billion and $2.0 billion at March 31, 2026, December 31, 2025 and March 31, 2025, 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. 24

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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) |  |  |  |  |  |
|  | **March 31<br>2026** | December 31<br>2025 | September 30<br>2025 | June 30<br>2025 | March 31<br>2025 |
| Residential mortgage | $**2103** | $2008 | $1972 | $2008 | $2036 |
| Home equity | **391** | 392 | 386 | 393 | 410 |
| Direct/Indirect consumer | **186** | 176 | 173 | 163 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total consumer | **2680** | 2576 | 2531 | 2564 | 2613 |
| U.S. commercial | **1488** | 1404 | 1131 | 1277 | 1157 |
| Non-U.S. commercial | **334** | 80 | 107 | 102 | 111 |
| Commercial real estate | **1191** | 1596 | 1470 | 1964 | 2145 |
| Commercial lease financing | **85** | 97 | 59 | 35 | 26 |
|  | **3098** | 3177 | 2767 | 3378 | 3439 |
| U.S. small business commercial | **53** | 51 | 49 | 39 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial | **3151** | 3228 | 2816 | 3417 | 3470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming loans and leases | **5831** | 5804 | 5347 | 5981 | 6083 |
| Foreclosed properties | **102** | 101 | 123 | 123 | 118 |
| &nbsp;&nbsp;**Total nonperforming loans, leases, and foreclosed properties** <sup>(1, 2)</sup> | $**5933** | $5905 | $5470 | $6104 | $6201 |
| Fully-insured home loans past due 30 days or more and still accruing | $**458** | $450 | $439 | $419 | $460 |
| Consumer credit card past due 30 days or more and still accruing | **2512** | 2604 | 2464 | 2388 | 2497 |
| Other loans past due 30 days or more and still accruing | **4248** | 3834 | 3637 | 3240 | 3531 |
| &nbsp;&nbsp;**Total loans past due 30 days or more and still accruing** <sup>(3, 4)</sup> | $**7218** | $6888 | $6540 | $6047 | $6488 |
| Fully-insured home loans past due 90 days or more and still accruing | $**240** | $207 | $201 | $196 | $234 |
| Consumer credit card past due 90 days or more and still accruing  | **1341** | 1351 | 1260 | 1257 | 1334 |
| Other loans past due 90 days or more and still accruing | **436** | 563 | 637 | 298 | 299 |
| &nbsp;&nbsp;**Total loans past due 90 days or more and still accruing** <sup>(4)</sup> | $**2017** | $2121 | $2098 | $1751 | $1867 |
| Nonperforming loans, leases and foreclosed properties/Total assets <sup>(5)</sup> | **0.17%** | 0.17% | 0.16% | 0.18% | 0.19% |
| Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties <sup>(5)</sup> | **0.49** | 0.50 | 0.47 | 0.54 | 0.56 |
| Nonperforming loans and leases/Total loans and leases <sup>(5)</sup> | **0.49** | 0.49 | 0.46 | 0.52 | 0.55 |
| Commercial reservable criticized utilized exposure <sup>(6)</sup> | $**24339** | $24748 | $26332 | $27904 | $27652 |
| Commercial reservable criticized utilized exposure/Commercial reservable utilized exposure <sup>(5)</sup> | **3.21%** | 3.37% | 3.67% | 3.98% | 4.12% |
| Total commercial criticized utilized exposure/Commercial utilized exposure <sup>(6)</sup> | **3.20** | 3.36 | 3.62 | 3.88 | 4.35 |

---

<sup>(1)</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>(2)</sup> Balances do not include nonperforming loans held-for-sale of $500 million, $517 million, $521 million, $481 million and $583 million at March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

<sup>(3)</sup> Balances do not include loans held-for-sale past due 30 days or more and still accruing of $4 million, $9 million, $49 million, $27 million and $37 million at March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

<sup>(4)</sup> These balances are excluded from total nonperforming loans, leases and foreclosed properties.

<sup>(5)</sup> Total assets and total loans and leases do not include loans accounted for under the fair value option of $3.8 billion, $3.5 billion, $6.7 billion, $6.9 billion and $5.4 billion at March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

<sup>(6)</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. 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 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) |  |  |  |  |  |
|  | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Nonperforming Consumer Loans and Leases:** |  |  |  |  |  |
| **Balance, beginning of period** | $**2576** | $2531 | $2564 | $2613 | $2647 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions | **395** | 294 | 253 | 264 | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reductions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paydowns and payoffs | **(118)** | (103) | (137) | (132) | (111) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | **—** |  | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Returns to performing status <sup>(2)</sup> | **(150)** | (131) | (136) | (157) | (154) |
| &nbsp;&nbsp;&nbsp;&nbsp;Charge-offs <sup>(3)</sup> | **(15)** | (10) | (5) | (13) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers to foreclosed properties | **(8)** | (5) | (7) | (10) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net additions (reductions) to nonperforming loans and leases | **104** | 45 | (33) | (49) | (34) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total nonperforming consumer loans and leases, end of period** | **2680** | 2576 | 2531 | 2564 | 2613 |
| Foreclosed properties | **92** | 90 | 97 | 94 | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Nonperforming consumer loans, leases and foreclosed properties, end of period** | $**2772** | $2666 | $2628 | $2658 | $2701 |
| **Nonperforming Commercial Loans and Leases** <sup>(4)</sup>**:** |  |  |  |  |  |
| **Balance, beginning of period** | $**3228** | $2816 | $3417 | $3470 | $3328 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions | **665** | 883 | 550 | 1105 | 644 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reductions: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paydowns | **(278)** | (259) | (834) | (484) | (275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | **(225)** | (30) | (19) | (107) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Returns to performing status <sup>(5)</sup> | **(2)** | (5) | (12) | (219) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | **(237)** | (177) | (286) | (348) | (218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net additions (reductions) to nonperforming loans and leases | **(77)** | 412 | (601) | (53) | 142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total nonperforming commercial loans and leases, end of period** | **3151** | 3228 | 2816 | 3417 | 3470 |
| Foreclosed properties | **10** | 11 | 26 | 29 | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Nonperforming commercial loans, leases and foreclosed properties, end of period** | $**3161** | $3239 | $2842 | $3446 | $3500 |

---

<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 25.

<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 U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

<sup>(5)</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. 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** | **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) |
|  | **First<br>Quarter<br>2026** | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Fourth<br>Quarter<br>2025 | 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 |
|  | **Amount** | **Percent** | Amount | Percent | Amount | Percent | Amount | Percent | Amount | Percent |
| **Net Charge-offs** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | $**5** | **0.01%** | $(2) | —% | $(1) | —% | $2 | —% | $— | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **(7)** | **(0.09)** | (8) | (0.12) | (11) | (0.17) | (10) | (0.15) | (12) | (0.19) |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **924** | **3.64** | 882 | 3.40 | 880 | 3.46 | 954 | 3.82 | 1001 | 4.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect consumer | **74** | **0.26** | 63 | 0.22 | 55 | 0.20 | 47 | 0.17 | 70 | 0.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | **63** | **n/m** | 57 | n/m | 55 | n/m | 66 | n/m | 60 | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **1059** | **0.89** | 992 | 0.82 | 978 | 0.82 | 1059 | 0.90 | 1119 | 0.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. commercial | **132** | **0.12** | 92 | 0.09 | 135 | 0.13 | 129 | 0.13 | 70 | 0.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **7** | **0.02** | 24 | 0.06 |  |  |  |  | 7 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial and industrial | **139** | **0.09** | 116 | 0.08 | 135 | 0.09 | 129 | 0.09 | 77 | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **56** | **0.33** | 46 | 0.27 | 120 | 0.72 | 202 | 1.24 | 123 | 0.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **12** | **0.30** | 3 | 0.07 |  |  | 1 | 0.02 |  |  |
|  | **207** | **0.12** | 165 | 0.10 | 255 | 0.16 | 332 | 0.21 | 200 | 0.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. small business commercial | **143** | **2.55** | 130 | 2.29 | 134 | 2.41 | 134 | 2.48 | 133 | 2.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **350** | **0.20** | 295 | 0.17 | 389 | 0.23 | 466 | 0.29 | 333 | 0.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total net charge-offs** | $**1409** | **0.48** | $1287 | 0.44 | $1367 | 0.47 | $1525 | 0.55 | $1452 | 0.54 |
| **By Business Segment and All Other** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Banking | $**1208** | **1.52%** | $1133 | 1.39% | $1122 | 1.39% | $1200 | 1.51% | $1262 | 1.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Wealth & Investment Management | **13** | **0.02** | 5 | 0.01 | 8 | 0.01 | 10 | 0.02 | 9 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Banking | **164** | **0.17** | 160 | 0.17 | 250 | 0.26 | 303 | 0.32 | 187 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Markets | **33** | **0.07** |  |  | (1) |  | 25 | 0.06 | 6 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;All Other | **(9)** | **(0.58)** | (11) | (0.63) | (12) | (0.61) | (13) | (0.68) | (12) | (0.62) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total net charge-offs** | $**1409** | **0.48** | $1287 | 0.44 | $1367 | 0.47 | $1525 | 0.55 | $1452 | 0.54 |

---

<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. 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** |
| **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) |
|  | **March 31, 2026** | **March 31, 2026** | December 31, 2025 | December 31, 2025 | March 31, 2025 | March 31, 2025 |
|  | **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 | $**303** | **0.13%** | $294 | 0.12% | $290 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **114** | **0.43** | 122 | 0.46 | 50 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | **7095** | **6.90** | 7197 | 6.79 | 7434 | 7.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Direct/Indirect consumer | **705** | **0.62** | 713 | 0.63 | 710 | 0.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | **54** | **n/m** | 54 | n/m | 68 | n/m |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total consumer** | **8271** | **1.72** | 8380 | 1.73 | 8552 | 1.83 |
| &nbsp;&nbsp;&nbsp;U.S. commercial <sup>(2)</sup> | **3051** | **0.64** | 2967 | 0.65 | 2739 | 0.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. commercial | **837** | **0.52** | 801 | 0.52 | 720 | 0.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | **939** | **1.35** | 1007 | 1.46 | 1204 | 1.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial lease financing | **50** | **0.32** | 48 | 0.29 | 41 | 0.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total commercial** | **4877** | **0.68** | 4823 | 0.69 | 4704 | 0.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allowance for loan and lease losses** | **13148** | **1.09** | 13203 | 1.12 | 13256 | 1.20 |
| **Reserve for unfunded lending commitments** | **1161** |  | 1177 |  | 1110 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allowance for credit losses** | $**14309** |  | $14380 |  | $14366 |  |
| **<u>Asset Quality Indicators</u>**  |  |  |  |  |  |  |
| Allowance for loan and lease losses/Total loans and leases <sup>(1)</sup> |  | **1.09%** |  | 1.12% |  | 1.20% |
| Allowance for loan and lease losses/Total nonperforming loans and leases  |  | **225** |  | 228 |  | 218 |
| Ratio of the allowance for loan and lease losses/Annualized net charge-offs |  | **2.30** |  | 2.59 |  | 2.25 |

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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 22.

<sup>(2)</sup> Includes allowance for loan and lease losses for U.S. small business commercial loans of $1.4 billion, $1.4 billion and $1.3 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

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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| |
|:---|
| **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 three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025. 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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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| | **First<br>Quarter<br>2026** | Fourth<br>Quarter<br>2025 | Third<br>Quarter<br>2025 | Second<br>Quarter<br>2025 | First<br>Quarter<br>2025 |
| **Reconciliation of income before income taxes to pretax, pre-provision income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | $**10404** | $9622 | $10408 | $8668 | $8997 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | **1337** | 1308 | 1295 | 1592 | 1480 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Pretax, pre-provision income** | $**11741** | $10930 | $11703 | $10260 | $10477 |
| **Reconciliation of average shareholders' equity to average tangible shareholders' equity and average tangible common shareholders' equity** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | $**302501** | $303873 | $300381 | $295329 | $294187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **(69021)** | (69021) | (69021) | (69021) | (69021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets (excluding mortgage servicing rights) | **(1834)** | (1853) | (1873) | (1893) | (1912) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related deferred tax liabilities | **825** | 827 | 839 | 846 | 851 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible shareholders' equity** | $**232471** | $233826 | $230326 | $225261 | $224105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | **(25748)** | (25992) | (25232) | (22573) | (22307) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible common shareholders' equity** | $**206723** | $207834 | $205094 | $202688 | $201798 |
| **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 | $**300668** | $303243 | $302437 | $298021 | $293949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **(69021)** | (69021) | (69021) | (69021) | (69021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets (excluding mortgage servicing rights) | **(1821)** | (1841) | (1860) | (1880) | (1899) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related deferred tax liabilities | **821** | 825 | 828 | 842 | 846 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible shareholders' equity** | $**230647** | $233206 | $232384 | $227962 | $223875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | **(24996)** | (25992) | (25992) | (23495) | (20499) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tangible common shareholders' equity** | $**205651** | $207214 | $206392 | $204467 | $203376 |
| **Reconciliation of period-end assets to period-end tangible assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets | $**3496186** | $3411738 | $3403149 | $3440798 | $3349039 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **(69021)** | (69021) | (69021) | (69021) | (69021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets (excluding mortgage servicing rights) | **(1821)** | (1841) | (1860) | (1880) | (1899) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related deferred tax liabilities | **821** | 825 | 828 | 842 | 846 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible assets** | $**3426165** | $3341701 | $3333096 | $3370739 | $3278965 |
| **Book value per share of common stock** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common shareholders' equity | $**275672** | $277251 | $276445 | $274526 | $273450 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ending common shares issued and outstanding | **7129.9** | 7212.5 | 7329.4 | 7436.7 | 7560.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Book value per share of common stock** | $**38.66** | $38.44 | $37.72 | $36.92 | $36.17 |
| **Tangible book value per share of common stock** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible common shareholders' equity | $**205651** | $207214 | $206392 | $204467 | $203376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ending common shares issued and outstanding | **7129.9** | 7212.5 | 7329.4 | 7436.7 | 7560.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Tangible book value per share of common stock** | $**28.84** | $28.73 | $28.16 | $27.49 | $26.90 |

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