Bank of America (BAC) Q1 2026 earnings rise with $8.6B net income, strong fee growth

Q: What drove Bank of America’s revenue growth in Q1 2026?

Revenue growth was driven by higher net interest income of $15.7 billion , up 9% , plus stronger sales and trading , asset management and investment banking fees . Total revenue reached $30.3 billion , reflecting higher deposit and loan balances and improved market-related income.

Q: How strong were Bank of America’s capital and liquidity ratios in Q1 2026?

Bank of America reported CET1 capital of $199.7 billion and a CET1 ratio of 11.2% under the Standardized approach, above regulatory minimums. Average Global Liquidity Sources were $960 billion , supporting resilience while the bank continued lending and returning capital.

Q: How did Bank of America’s business segments contribute to Q1 2026 earnings?

All four major segments contributed meaningfully. Consumer Banking earned $3.1 billion , GWIM $1.3 billion , Global Banking $2.1 billion , and Global Markets $2.0 billion . Segment revenue gains reflected loan and deposit growth, higher asset management fees and stronger trading and investment banking activity.

Q: What were Bank of America’s credit costs and asset quality trends in Q1 2026?

Provision for credit losses was $1.3 billion , slightly below the $1.5 billion level a year earlier. Net charge-offs were $1.4 billion , modestly higher than the prior quarter mainly from credit card seasonality, while overall asset quality indicators remained stable across the loan portfolio.

Q: How much capital did Bank of America return to shareholders in Q1 2026?

Bank of America returned $9.3 billion to shareholders in Q1 2026, including about $2.0 billion in common stock dividends and approximately $7.2 billion in share repurchases. Book value per share rose to $38.66 and tangible book value per share increased to $28.84 .

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Bank of America Corporation reported strong first-quarter 2026 results, with net income of $8.6 billion and diluted EPS of $1.11, both up sharply from a year ago. Revenue, net of interest expense, rose 7% to $30.3 billion, driven by higher net interest income, sales and trading, asset management and investment banking fees.

Net interest income reached $15.7 billion, up 9%, while provision for credit losses was $1.3 billion, slightly below the prior year as net charge-offs remained manageable. Noninterest expense increased 4% to $18.5 billion, but operating leverage of 2.9% and an efficiency ratio of about 61% showed better cost productivity.

Consumer Banking earned $3.1 billion of net income and Global Wealth and Investment Management $1.3 billion, supported by deposit growth, loan growth and higher fees. Global Banking and Global Markets each generated just over $2.0 billion of net income, with sales and trading revenue of $6.4 billion, up double digits. Average deposits were $2.02 trillion and average loans and leases $1.19 trillion, both up solidly, while the CET1 capital ratio of 11.2% under the Standardized approach remained well above regulatory minimums. The company returned $9.3 billion to shareholders through dividends and share repurchases and increased tangible book value per share to $28.84.

Positive

Strong earnings growth and operating leverage: Net income rose to $8.6 billion (up 17% year over year), EPS increased 25% to $1.11, revenue grew 7% to $30.3 billion, and operating leverage of 2.9% reflected expenses growing slower than revenue.
Healthy balance sheet, capital and shareholder returns: Average deposits reached $2.02 trillion and average loans $1.19 trillion, CET1 ratio was 11.2% under the Standardized approach, and the company returned $9.3 billion to shareholders via dividends and buybacks.

Negative

None.

Insights

Bank of America posted broad-based Q1 2026 growth with solid credit and capital.

Bank of America delivered Q1 2026 net income of $8.6 billion, up 17%, on revenue of $30.3 billion, up 7%. Net interest income grew 9% to $15.7 billion, helped by higher balances and asset repricing, while noninterest income benefited from stronger sales and trading, investment banking and asset management fees.

Credit costs stayed contained, with a $1.3 billion provision and net charge-offs of $1.4 billion. The efficiency ratio improved to about 61%, producing 2.9% operating leverage as expenses rose more slowly than revenue. Segment results were balanced: Consumer Banking, GWIM, Global Banking and Global Markets each contributed meaningfully, all showing loan and deposit growth year over year.

Capital and liquidity remained robust. The CET1 ratio under the Standardized approach was 11.2% on $199.7 billion of CET1 capital, and average deposits reached $2.02 trillion. The firm returned $9.3 billion to shareholders in 1Q26 and increased tangible book value per share by 7% to $28.84. Future disclosures in company filings may further detail how it balances growth, credit risk and shareholder returns across 2026.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $8.6B Diluted EPS: $1.11 Total revenue, net of interest expense: $30.3B +5 more

8 metrics

Net income $8.6B First quarter 2026; up 17% year over year

Diluted EPS $1.11 First quarter 2026; up 25% year over year

Total revenue, net of interest expense $30.3B First quarter 2026; 7% year-over-year increase

Net interest income $15.7B First quarter 2026; 9% year-over-year increase

Provision for credit losses $1.3B First quarter 2026; slightly below first quarter 2025

Average deposits $2.02T Average balances in first quarter 2026; up 3% year over year

CET1 ratio (Standardized) 11.2% As of March 31, 2026; above regulatory minimum

Shareholder capital return $9.3B Capital returned in first quarter 2026 via dividends and buybacks

Key Terms

net interest income, operating leverage, efficiency ratio, Common equity tier 1 (CET1) capital, +2 more

6 terms

net interest income financial

"Net interest income of $15.7 billion ($15.9 billion FTE), up 9%, driven by higher NII related to Global Markets activity"

Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.

operating leverage financial

"The team produced 290 basis points of operating leverage."

Operating leverage measures how much a company's profits are affected by changes in sales volume. When a business has high operating leverage, small increases in sales can lead to much larger increases in profit, much like a lever amplifies force. It matters to investors because it indicates how sensitive a company's earnings are to fluctuations in sales, affecting risk and potential returns.

efficiency ratio financial

"Efficiency ratio improved ~170 bps to 61%"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

Common equity tier 1 (CET1) capital financial

"Common equity tier 1 (CET1) capital of $200 billion decreased $1.7 billion from 4Q25"

Common Equity Tier 1 (CET1) capital is a bank’s highest-quality capital — mainly ordinary shares and retained profits after straightforward deductions — that serves as the primary cushion against losses. Investors use the CET1 ratio (CET1 capital compared with the bank’s risk-weighted assets) as a quick gauge of a bank’s resilience: a bigger cushion means the bank is better able to absorb shocks, support lending, pay dividends, and withstand downturns, much like a thicker shock absorber in a car.

provision for credit losses financial

"Provision for credit losses of $1.3 billion decreased from $1.5 billion in 1Q25"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

Earnings Snapshot

Revenue: $30.3B

Q1 2026

Revenue $30.3B +7% YoY

Net income $8.6B +17% YoY

Diluted EPS $1.11 +25% YoY

Net interest income $15.7B +9% YoY

Provision for credit losses $1.3B decrease vs. $1.5B in Q1 2025

Understanding 8-K Material Events →

04/15/2026 - 06:44 AM

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)

Delaware

1-6523

56-0906609

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

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))

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


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


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


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐

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.



EXHIBIT NO.						DESCRIPTION OF EXHIBIT

99.1						The Press Release

99.2						The Presentation Materials

99.3						The Supplemental Information



104						Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

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

By:						/s/ Johnbull E. Okpara
						Johnbull E. Okpara
						Chief Accounting Officer

Dated: April 15, 2026

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

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)

3 Consumer Banking1(B) Financial Results Three months ended ($ in millions) 3/31/2026 12/31/2025 3/31/2025 Total revenue2 $11,049 $11,201 $10,493 Provision for credit losses 1,132 1,066 1,292 Noninterest expense 5,837 5,729 5,826 Pretax income 4,080 4,406 3,375 Income tax expense 1,020 1,102 844 Net income $3,060 $3,304 $2,531 Business Highlights(B) Three months ended ($ in billions) 3/31/2026 12/31/2025 3/31/2025 Average deposits $950.8 $945.4 $947.6 Average loans and leases 322.2 322.7 315.0 Consumer investment assets5 573.3 599.1 497.7 Active mobile banking users (MM) 41.8 41.4 40.5 Number of financial centers 3,540 3,628 3,681 Efficiency ratio 53 % 51 % 56 % Return on average allocated capital 27 30 23 Total Consumer Credit Card3 Average credit card outstanding balances $103.1 $103.0 $100.2 Total credit / debit spend 244.9 254.7 228.4 Risk-adjusted margin 6.7 % 7.0 % 6.7 % • Net income of $3.1 billion • Revenue of $11.0 billion,2 up 5%, driven primarily by higher NII • Provision for credit losses of $1.1 billion, down 12% – Net reserve release of $76 million vs. net reserve build of $30 million(G) – Net charge-offs of $1.2 billion decreased $54 million • Noninterest expense of $5.8 billion was relatively flat – Efficiency ratio of 53% • Return on average allocated capital of 27% Business Highlights1,3(B) • Average deposits of $951 billion were modestly higher – 59% of deposits in checking accounts; 91% are primary4 • Average loans and leases of $322 billion increased 2% • Combined credit / debit card spend of $245 billion increased 7% • Consumer investment assets of $573 billion, up 15%,5 driven by higher market valuations and $20 billion of net client flows from new and existing clients • 11.4 million clients enrolled in Preferred Rewards, up 3%6 Strong Digital Usage Continued in the Quarter1 • 79% of overall households actively using digital platforms7 • 50 million active digital banking users, up 1 million • 2 million digitally-enabled sales, representing 71% of total sales • 4.3 billion digital logins, up 8% • 25 million active Zelle® users, up 5%; sent and received 460 million transactions worth $147 billion, up 11% and 13%, respectively8 • 21.3 million active Erica® users, up 7%9 Continued Business Leadership • 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) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 The consumer credit card portfolio includes Consumer Banking and GWIM. 4 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit). 5 End of period. Consumer investment assets includes client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 6 As of February 2026. Includes clients in Consumer, Small Business and GWIM. 7 Household adoption represents households with consumer bank login activities in a 90-day period, as of February 2026. 8 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. 9 Represents mobile and online activity across client facing platforms powered by Erica®.

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.

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.

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.

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

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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

Bank of America 1Q26 Financial Results April 15, 2026

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

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

• 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

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

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.

$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

$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

• 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

• 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

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

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.

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

• 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

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

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

• 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

Additional Presentation Information

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

$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%

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.

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

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.

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.

• 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

Supplemental Business Segment Trends

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)

Erica® Active Users and Interactions6 Zelle® vs. Cash and Checks (MM) Digitally-Enabled Sales5Digital Users2 and Households3 Client Digital Interactions (B)4 1,784 1,623 1,976 2,042 51% 50% 65% 71% Digital unit sales (K) Digital as a % of total sales 1Q23 1Q24 1Q25 1Q26 0 600 1,200 1,800 2,400 0% 25% 50% 75% 100% 2.5 2.8 3.2 3.33.1 3.4 4.0 4.3 Alerts sent Digital logins 1Q23 1Q24 1Q25 1Q26 1.0 2.0 3.0 4.0 5.0 45 47 49 50 56 57 59 59 73% 76% 78% 79% Active users (MM) Verified users (MM) Household adoption % 1Q23 1Q24 1Q25 1Q26 20 30 40 50 60 60% 70% 80% 90% 100% Client Engagement Person-to-Person Payments (Zelle®)7 Digital Volumes 275 348 416 460 $84 $106 $130 $147 Transactions (MM) Volume ($B) 1Q23 1Q24 1Q25 1Q26 0 250 500 $0 $100 $200 Consumer1 Digital Update 1 Includes all households / relationships with consumer platform activity, except where otherwise noted. 2 Digital active users represents Consumer and Merrill mobile and / or online 90-day active users. Verified users represents Consumer and Merrill users with a digital identification and password. 3 Household adoption represents households with consumer bank login activities in a 90-day period, as of February for each quarter presented. 4 Digital logins represents the total number of desktop and mobile banking sessions on the consumer banking platform. Alerts are digital communications sent to clients via SMS, push, and email notifications. 5 Digitally-enabled sales represent sales initiated and / or booked via our digital platforms. 6 Erica engagement represents mobile and online activity across client facing platforms powered by Erica. 7 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. 19.6 21.9 23.9 25.0 users (MM) 28 Digital Adoption 167 171 175 171 Erica® interactions (MM) 1Q23 1Q24 1Q25 1Q26 0 100 200 229 217 202 187179 223 263 287 Zelle® sent transactions Cash withdrawn & checks written 1Q23 1Q24 1Q25 1Q26 150 200 250 300 1.5x 17.8 19.0 19.9 21.3 users (MM)

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

Erica® Interactions (MM)5 2.6 3.0 3.5 3.4 1Q23 1Q24 1Q25 1Q26 0.0 1.0 2.0 3.0 4.0 Person-to-Person Payments (Zelle®)6 Check Deposits7 eDelivery4Digital Households / Relationships2 Digital Channel Adoption3 77% 79% 82% 84% 1Q23 1Q24 1Q25 1Q26 0% 25% 50% 75% 100% 58% 62% 64% 67% 77% 80% 81% 85% Mobile adoption Online adoption 1Q23 1Q24 1Q25 1Q26 0% 25% 50% 75% 100% 717 748 759 774 84% 86% 87% 88% Digital households / relationships (K) Digital adoption % 1Q23 1Q24 1Q25 1Q26 400 500 600 700 800 60% 70% 80% 90% 100% Client Engagement Digital Volumes Global Wealth & Investment Management Digital Update 30 Digital Adoption1 2.7 3.6 4.2 5.1 $1.6 $2.2 $2.6 $3.4 Transactions (MM) Volume ($B) 1Q23 1Q24 1Q25 1Q26 0.0 2.0 4.0 6.0 $0.0 $2.0 $4.0 $6.0 65% 67% 68% 69% 9% 8% 7% 7% 26% 25% 24% 24% Digital ATM Physical 1Q23 1Q24 1Q25 1Q26 0% 25% 50% 75% 100% Note: Amounts may not total due to rounding. 1 Digital Adoption is 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 (effective 1Q23) and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. 2 Data as of February for Private Bank and as of March for Merrill for each quarter presented. 3 Digital channel adoption represents the percentage of desktop and mobile banking engagement, as of February for 1Q23. 1Q24, 1Q25, and 1Q26 as of February for Private Bank and as of March for Merrill. 4 GWIM eDelivery percentage includes Merrill Digital Households (excluding Stock Plan, Banking-only households, Retirement-only, and 529-only) and Private Bank investment account relationships that receive statements digitally, as of February for 1Q23 and 1Q24. 1Q25 and 1Q26 as of February for Private Bank and as of March for Merrill. 5 Erica interactions represent mobile and online activity across client-facing platforms powered by Erica. 6 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. 7 Digital check deposits include mobile check deposits and remote deposit operations. As of February for Private Bank and as of March for Merrill for each quarter presented.

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%

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

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

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

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.

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

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.

Supplemental Information

First Quarter 2026

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.


Bank of America Corporation and Subsidiaries
Table of Contents			Page


Consolidated Financial Highlights			2
Consolidated Statement of Income			3
Consolidated Statement of Comprehensive Income			3
Net Interest Income and Noninterest Income			4
Consolidated Balance Sheet			5
Capital Management			6
Capital Composition under Basel 3			7
Quarterly Average Balances and Interest Rates			8

Debt Securities			9
Supplemental Financial Data			10
Quarterly Results by Business Segment and All Other			11

Consumer Banking
Total Segment Results			13
Key Indicators			14

Global Wealth & Investment Management
Total Segment Results			15
Key Indicators			16
Global Banking
Total Segment Results			17
Key Indicators			18

Global Markets
Total Segment Results			19
Key Indicators			20
All Other
Total Results			21
Outstanding Loans and Leases			22
Quarterly Average Loans and Leases by Business Segment and All Other			23
Commercial Credit Exposure by Industry			24

Nonperforming Loans, Leases and Foreclosed Properties			25
Nonperforming Loans, Leases and Foreclosed Properties Activity			26
Quarterly Net Charge-offs and Net Charge-off Ratios			27

Allocation of the Allowance for Credit Losses by Product Type			28

Exhibit A: Non-GAAP Reconciliations			29







Key Performance Indicators

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.

Business Segment Operations

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.


Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(In millions, except per share information)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Income statement
Net interest income		$	15,745		$	15,750		$	15,233		$	14,670		$	14,443
Noninterest income		14,527			12,617			13,807			12,773			13,804
Total revenue, net of interest expense		30,272			28,367			29,040			27,443			28,247
Provision for credit losses		1,337			1,308			1,295			1,592			1,480
Noninterest expense		18,531			17,437			17,337			17,183			17,770
Income before income taxes		10,404			9,622			10,408			8,668			8,997
Pretax, pre-provision income (1)		11,741			10,930			11,703			10,260			10,477
Income tax expense		1,820			1,975			2,076			1,498			1,637
Net income		8,584			7,647			8,332			7,170			7,360
Preferred stock dividends		429			328			429			291			406
Net income applicable to common shareholders		8,155			7,319			7,903			6,879			6,954
Diluted earnings per common share		1.11			0.98			1.04			0.90			0.89
Average diluted common shares issued and outstanding		7,417.5			7,546.9			7,627.1			7,651.6			7,770.8
Dividends paid per common share		$	0.28		$	0.28		$	0.28		$	0.26		$	0.26

Performance ratios
Return on average assets		0.99		%	0.89		%	0.96		%	0.84		%	0.89		%
Return on average common shareholders’ equity		11.95			10.45			11.40			10.12			10.37
Return on average shareholders’ equity		11.51			9.98			11.01			9.74			10.15
Return on average tangible common shareholders’ equity (2)		16.00			13.97			15.29			13.61			13.97
Return on average tangible shareholders’ equity (2)		14.98			12.97			14.35			12.77			13.32
Efficiency ratio		61.22			61.47			59.70			62.61			62.91


At period end
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 (2)		28.84			28.73			28.16			27.49			26.90
Market capitalization		347,583			396,686			378,125			351,904			315,482
Number of financial centers - U.S.		3,540			3,628			3,649			3,664			3,681
Number of branded ATMs - U.S.		14,902			14,909			14,920			14,904			14,866
Headcount		212,134			213,207			213,384			213,388			212,732

(1) 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.)

(2) 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


Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(In millions, except per share information)
	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025

Net interest income
Interest income		$	33,359	$	34,261	$	35,366	$	34,873	$	34,066
Interest expense		17,614		18,511		20,133		20,203		19,623
Net interest income		15,745		15,750		15,233		14,670		14,443

Noninterest income
Fees and commissions		10,549		10,181		10,337		9,469		9,415
Market making and similar activities		3,637		2,074		3,203		3,153		3,584
Other income		341		362		267		151		805
Total noninterest income		14,527		12,617		13,807		12,773		13,804
Total revenue, net of interest expense		30,272		28,367		29,040		27,443		28,247

Provision for credit losses		1,337		1,308		1,295		1,592		1,480

Noninterest expense
Compensation and benefits		11,334		10,602		10,523		10,332		10,889
Information processing and communications		2,018		1,913		1,827		1,819		1,894
Occupancy and equipment		1,900		1,884		1,872		1,836		1,856
Product delivery and transaction related		1,126		1,011		1,025		974		914

Professional fees		583		682		606		640		652
Marketing		533		563		572		563		506
Other general operating		1,037		782		912		1,019		1,059
Total noninterest expense		18,531		17,437		17,337		17,183		17,770
Income before income taxes		10,404		9,622		10,408		8,668		8,997
Income tax expense		1,820		1,975		2,076		1,498		1,637
Net income		$	8,584	$	7,647	$	8,332	$	7,170	$	7,360
Preferred stock dividends		429		328		429		291		406

Net income applicable to common shareholders		$	8,155	$	7,319	$	7,903	$	6,879	$	6,954

Per common share information
Earnings		$	1.12	$	0.99	$	1.06	$	0.91	$	0.91
Diluted earnings		1.11		0.98		1.04		0.90		0.89
Average common shares issued and outstanding		7,256.1		7,364.9		7,466.0		7,581.2		7,677.9
Average diluted common shares issued and outstanding		7,417.5		7,546.9		7,627.1		7,651.6		7,770.8


Consolidated Statement of Comprehensive Income
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025

Net income		$	8,584	$	7,647	$	8,332	$	7,170	$	7,360
Other comprehensive income (loss), net-of-tax:
Net change in debt securities		(529)		667		438		(315)		366
Net change in debit valuation adjustments		660		(168)		(305)		(153)		297
Net change in derivatives		(627)		445		636		1,196		1,313
Employee benefit plan adjustments		35		282		(16)		26		27
Net change in foreign currency translation adjustments		9		(7)		6		13		11
Other comprehensive income (loss)		(452)		1,219		759		767		2,014
Comprehensive income		$	8,132	$	8,866	$	9,091	$	7,937	$	9,374


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


Bank of America Corporation and Subsidiaries
Net Interest Income and Noninterest Income
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025

Net interest income
Interest income
Loans and leases		$	15,483	$	16,015	$	16,191	$	15,651	$	15,223
Debt securities		6,291		6,755		6,958		6,913		6,767
Federal funds sold and securities borrowed or purchased under agreements to resell		3,857		3,763		3,802		4,094		3,774
Trading account assets		3,198		2,979		3,195		3,057		3,008
Other interest income		4,530		4,749		5,220		5,158		5,294
Total interest income		33,359		34,261		35,366		34,873		34,066

Interest expense
Deposits		7,301		8,268		8,932		8,681		8,632
Short-term borrowings		6,510		6,472		7,172		7,435		6,963
Trading account liabilities		745		602		672		676		707
Long-term debt		3,058		3,169		3,357		3,411		3,321
Total interest expense		17,614		18,511		20,133		20,203		19,623
Net interest income		$	15,745	$	15,750	$	15,233	$	14,670	$	14,443

Noninterest income
Fees and commissions
Card income
Interchange fees (1)		$	865	$	934	$	990	$	1,036	$	916
Other card income		628		632		639		610		602
Total card income		1,493		1,566		1,629		1,646		1,518
Service charges
Deposit-related fees		1,306		1,284		1,267		1,265		1,228
Lending-related fees		368		365		365		350		333
Total service charges		1,674		1,649		1,632		1,615		1,561
Investment and brokerage services
Asset management fees		4,312		4,193		3,972		3,698		3,738
Brokerage fees		1,229		1,107		1,091		1,082		1,075
Total investment and brokerage services		5,541		5,300		5,063		4,780		4,813
Investment banking fees
Underwriting income		951		752		992		806		770
Syndication fees		337		324		438		289		369
Financial advisory services		553		590		583		333		384
Total investment banking fees		1,841		1,666		2,013		1,428		1,523
Total fees and commissions		10,549		10,181		10,337		9,469		9,415
Market making and similar activities		3,637		2,074		3,203		3,153		3,584
Other income (loss)		341		362		267		151		805
Total noninterest income		$	14,527	$	12,617	$	13,807	$	12,773	$	13,804

(1)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.


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


Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
		March 31 2026		December 31 2025		March 31 2025
Assets
Cash and due from banks		$	27,125	$	28,595	$	24,734
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks		215,354		203,250		248,845
Cash and cash equivalents		242,479		231,845		273,579
Time deposits placed and other short-term investments		7,386		7,474		7,282
Federal funds sold and securities borrowed or purchased under agreements to resell		383,264		316,578		328,365
Trading account assets		364,221		366,954		339,614
Derivative assets		48,315		40,881		36,206
Debt securities:
Carried at fair value		386,389		402,975		388,559
Held-to-maturity, at amortized cost		514,738		522,660		550,720
Total debt securities		901,127		925,635		939,279
Loans and leases		1,205,035		1,185,700		1,110,625
Allowance for loan and lease losses		(13,148)		(13,203)		(13,256)
Loans and leases, net of allowance		1,191,887		1,172,497		1,097,369
Premises and equipment, net		12,539		12,516		12,151
Goodwill		69,021		69,021		69,021
Loans held-for-sale		10,944		5,165		6,867
Customer and other receivables		96,082		98,186		80,329
Other assets		168,921		164,986		158,977
Total assets		$	3,496,186	$	3,411,738	$	3,349,039

Liabilities
Deposits in U.S. offices:
Noninterest-bearing		$	529,194	$	517,834	$	513,905
Interest-bearing		1,372,969		1,361,177		1,346,423
Deposits in non-U.S. offices:
Noninterest-bearing		14,924		14,216		16,105
Interest-bearing		120,576		125,502		113,131
Total deposits		2,037,663		2,018,729		1,989,564
Federal funds purchased and securities loaned or sold under agreements to repurchase		353,020		344,716		376,070
Trading account liabilities		129,833		105,996		105,470
Derivative liabilities		43,938		42,076		35,365
Short-term borrowings		57,630		48,088		41,470
Accrued expenses and other liabilities		247,470		231,074		203,005
Long-term debt		325,964		317,816		304,146
Total liabilities		3,195,518		3,108,495		3,055,090
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		24,996		25,992		20,499
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		18,885		26,084		41,038
Retained earnings		267,765		261,693		245,683
Accumulated other comprehensive income (loss)		(10,978)		(10,526)		(13,271)
Total shareholders’ equity		300,668		303,243		293,949
Total liabilities and shareholders’ equity		$	3,496,186	$	3,411,738	$	3,349,039

	Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
	Trading account assets	$	7,184	$	7,139	$	6,062
	Loans and leases	16,936		17,875		18,045
	Allowance for loan and lease losses	(855)		(871)		(911)
	Loans and leases, net of allowance	16,081		17,004		17,134

	All other assets	701		709		608
	Total assets of consolidated variable interest entities	$	23,966	$	24,852	$	23,804

	Liabilities of consolidated variable interest entities included in total liabilities above
	Short-term borrowings	$	6,403	$	5,779	$	4,289
	Long-term debt	6,319		6,847		8,368
	All other liabilities	21		18		30
	Total liabilities of consolidated variable interest entities	$	12,743	$	12,644	$	12,687


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


Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	March 31 2026			December 31 2025			March 31 2025
Risk-based capital metrics (1, 2):
Standardized Approach
Common equity tier 1 capital	$	199,695		$	201,410		$	201,177
Tier 1 capital	224,671			227,382			221,666
Total capital	258,321			261,232			256,466
Risk-weighted assets	1,779,222			1,772,941			1,711,025
Common equity tier 1 capital ratio	11.2		%	11.4		%	11.8		%
Tier 1 capital ratio	12.6			12.8			13.0
Total capital ratio	14.5			14.7			15.0

Advanced Approaches
Common equity tier 1 capital	$	199,695		$	201,410		$	201,177
Tier 1 capital	224,671			227,382			221,666
Total capital	247,433			250,347			245,995
Risk-weighted assets	1,594,024			1,570,022			1,513,856
Common equity tier 1 capital ratio	12.5		%	12.8		%	13.3		%
Tier 1 capital ratio	14.1			14.5			14.6
Total capital ratio	15.5			15.9			16.2

Leverage-based metrics (1, 2):
Adjusted average assets	$	3,432,747		$	3,348,087		$	3,272,037
Tier 1 leverage ratio	6.5		%	6.8		%	6.8		%

Supplementary leverage exposure	$	4,085,886		$	3,986,002		$	3,859,796
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 (3)	6.7			7.0			6.8
Tangible common equity ratio (3)	6.0			6.2			6.2

(1)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.

(2)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.

(3)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


Bank of America Corporation and Subsidiaries
Capital Composition under Basel 3
(Dollars in millions)
	March 31 2026		December 31 2025		March 31 2025
Total common shareholders' equity	$	275,672	$	277,251	$	273,450
Impact of change in accounting method (1)	—		—		1,632
Goodwill, net of related deferred tax liabilities	(68,651)		(68,651)		(68,649)
Deferred tax assets arising from net operating loss and tax credit carryforwards	(8,739)		(8,761)		(8,419)
Intangibles, other than mortgage servicing rights, net of related deferred tax liabilities	(1,371)		(1,386)		(1,425)
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 creditworthiness, net-of-tax	1,090		1,825		1,173
Accumulated net (gain) loss on certain cash flow hedges (2)	2,657		2,020		4,298
Other	(87)		(20)		(83)
Common equity tier 1 capital	199,695		201,410		201,177
Qualifying preferred stock, net of issuance cost	24,995		25,991		20,498
Other	(19)		(19)		(9)
Tier 1 capital	224,671		227,382		221,666
Tier 2 capital instruments	19,518		19,627		20,650
Qualifying allowance for credit losses	14,359		14,431		14,442
Other	(227)		(208)		(292)
Total capital under the Standardized approach	258,321		261,232		256,466
Adjustment in qualifying allowance for credit losses under the Advanced approaches	(10,888)		(10,885)		(10,471)
Total capital under the Advanced approaches	$	247,433	$	250,347	$	245,995

(1)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.

(2)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


Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	First Quarter 2026						Fourth Quarter 2025						First Quarter 2025
	Average Balance		Interest Income/ Expense (1)		Yield/ Rate		Average Balance		Interest Income/ Expense (1)		Yield/ Rate		Average Balance		Interest Income/ Expense (1)		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	244,128	$	2,087	3.47	%	$	231,494	$	2,142	3.67	%	$	272,012	$	2,810	4.19	%
Time deposits placed and other short-term investments	10,470		77		2.98		10,277		85		3.31		9,202		92		4.04
Federal funds sold and securities borrowed or purchased under agreements to resell	346,289		3,857		4.52		321,873		3,763		4.64		322,012		3,774		4.75
Trading account assets	258,038		3,232		5.08		238,209		3,009		5.01		231,437		3,034		5.31
Debt securities	914,990		6,307		2.77		933,012		6,773		2.88		923,747		6,786		2.95
Loans and leases (2)
Residential mortgage	236,089		2,084		3.54		235,813		2,076		3.52		228,638		1,916		3.36
Home equity	26,884		352		5.31		26,798		377		5.59		25,849		366		5.74
Credit card	103,087		2,822		11.10		102,992		2,902		11.18		100,173		2,838		11.49

Direct/Indirect and other consumer	114,167		1,453		5.17		112,803		1,519		5.34		106,847		1,432		5.43

Total consumer	480,227		6,711		5.65		478,406		6,874		5.71		461,507		6,552		5.74
U.S. commercial	466,097		5,776		5.02		455,781		5,934		5.17		411,783		5,427		5.34
Non-U.S. commercial	158,080		1,851		4.75		152,913		2,038		5.29		138,853		2,058		6.01
Commercial real estate	68,829		963		5.67		67,312		1,005		5.93		65,751		1,020		6.29
Commercial lease financing	16,295		233		5.74		16,483		225		5.46		15,844		215		5.46
Total commercial	709,301		8,823		5.04		692,489		9,202		5.27		632,231		8,720		5.59
Total loans and leases	1,189,528		15,534		5.29		1,170,895		16,076		5.45		1,093,738		15,272		5.65
Other earning assets	136,534		2,427		7.20		133,120		2,578		7.68		114,695		2,443		8.63
Total earning assets	3,099,977		33,521		4.38		3,038,880		34,426		4.50		2,966,843		34,211		4.67
Cash and due from banks	25,877						25,668						23,700
Other assets, less allowance for loan and lease losses	386,636						363,243						358,468
Total assets	$	3,512,490					$	3,427,791					$	3,349,011
Interest-bearing liabilities
U.S. interest-bearing deposits

Demand and money market deposits	$	1,109,607	$	4,940	1.81	%	$	1,107,741	$	5,508	1.97	%	$	1,068,521	$	5,526	2.10	%

Time and savings deposits	251,937		1,689		2.72		254,150		1,846		2.88		262,711		2,119		3.27
Total U.S. interest-bearing deposits	1,361,544		6,629		1.97		1,361,891		7,354		2.14		1,331,232		7,645		2.33




Non-U.S. interest-bearing deposits	129,047		672		2.11		129,717		914		2.80		116,733		987		3.42
Total interest-bearing deposits	1,490,591		7,301		1.99		1,491,608		8,268		2.20		1,447,965		8,632		2.42
Federal funds purchased and securities loaned or sold under agreements to repurchase	384,213		4,287		4.52		351,973		4,197		4.73		385,091		4,629		4.87
Short-term borrowings and other interest-bearing liabilities	198,232		2,223		4.55		181,742		2,275		4.97		160,226		2,334		5.91
Trading account liabilities	52,927		745		5.71		47,160		602		5.06		53,678		707		5.34
Long-term debt	253,997		3,058		4.86		245,470		3,169		5.14		241,036		3,321		5.56
Total interest-bearing liabilities	2,379,960		17,614		3.00		2,317,953		18,511		3.17		2,287,996		19,623		3.47
Noninterest-bearing sources
Noninterest-bearing deposits	526,338						520,915						510,367
Other liabilities (3)	303,691						285,050						256,461
Shareholders’ equity	302,501						303,873						294,187
Total liabilities and shareholders’ equity	$	3,512,490					$	3,427,791					$	3,349,011
Net interest spread					1.38	%					1.33	%					1.20	%
Impact of noninterest-bearing sources					0.69						0.75						0.79
Net interest income/yield on earning assets (4)			$	15,907	2.07	%			$	15,915	2.08	%			$	14,588	1.99	%

(1)Includes the impact of interest rate risk management contracts.

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

(3)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.

(4)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
Debt Securities
(Dollars in millions)
	March 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	44,544	$	72	$	(1,170)	$	43,446
Agency-collateralized mortgage obligations	18,365		47		(137)		18,275
Commercial	44,212		181		(452)		43,941
Non-agency residential	270		54		(61)		263
Total mortgage-backed securities	107,391		354		(1,820)		105,925
U.S. Treasury and government agencies	215,210		103		(866)		214,447
Non-U.S. securities	33,455		4		(47)		33,412
Other taxable securities	6,185		3		(57)		6,131

Tax-exempt securities	9,203		14		(169)		9,048
Total available-for-sale debt securities	371,444		478		(2,959)		368,963
Other debt securities carried at fair value (1)	17,492		118		(184)		17,426
Total debt securities carried at fair value	388,936		596		(3,143)		386,389
Held-to-maturity debt securities
Agency mortgage-backed securities	387,880		—		(67,766)		320,114
U.S. Treasury and government agencies	121,252		—		(12,640)		108,612
Other taxable securities	5,631		2		(748)		4,885
Total held-to-maturity debt securities	514,763		2		(81,154)		433,611
Total debt securities	$	903,699	$	598	$	(84,297)	$	820,000


	December 31, 2025
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	34,240	$	80	$	(1,179)	$	33,141
Agency-collateralized mortgage obligations	19,304		27		(132)		19,199
Commercial	38,688		191		(385)		38,494
Non-agency residential	273		55		(56)		272
Total mortgage-backed securities	92,505		353		(1,752)		91,106
U.S. Treasury and government agencies	250,065		390		(621)		249,834
Non-U.S. securities	31,765		20		(18)		31,767
Other taxable securities	6,328		12		(36)		6,304

Tax-exempt securities	7,948		15		(176)		7,787
Total available-for-sale debt securities	388,611		790		(2,603)		386,798
Other debt securities carried at fair value (1)	16,066		200		(89)		16,177
Total debt securities carried at fair value	404,677		990		(2,692)		402,975
Held-to-maturity debt securities
Agency mortgage-backed securities	395,415		—		(67,309)		328,106
U.S. Treasury and government agencies	121,242		—		(12,225)		109,017
Other taxable securities	6,028		2		(723)		5,307
Total held-to-maturity debt securities	522,685		2		(80,257)		442,430
Total debt securities	$	927,362	$	992	$	(82,949)	$	845,405

(1) 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
Supplemental Financial Data
(Dollars in millions)

	First Quarter 2026			Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025







FTE basis data (1)
Net interest income	$	15,907		$	15,915		$	15,387		$	14,815		$	14,588
Total revenue, net of interest expense	30,434			28,532			29,194			27,588			28,392
Net interest yield	2.07		%	2.08		%	2.01		%	1.94		%	1.99		%
Efficiency ratio	60.89			61.11			59.39			62.28			62.59

(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, $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
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	First Quarter 2026
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	15,907	$	8,993	$	1,862	$	3,230	$	1,861	$	(39)
Noninterest income
Fees and commissions:
Card income	1,493		1,273		2		202		16		—
Service charges	1,674		638		32		904		100		—
Investment and brokerage services	5,541		102		4,671		11		760		(3)
Investment banking fees	1,841		—		82		1,047		762		(50)
Total fees and commissions	10,549		2,013		4,787		2,164		1,638		(53)
Market making and similar activities	3,637		7		31		81		3,721		(203)
Other income (loss)	341		36		32		812		(111)		(428)
Total noninterest income (loss)	14,527		2,056		4,850		3,057		5,248		(684)
Total revenue, net of interest expense	30,434		11,049		6,712		6,287		7,109		(723)
Provision for credit losses	1,337		1,132		2		185		27		(9)
Noninterest expense	18,531		5,837		4,938		3,223		4,370		163
Income (loss) before income taxes	10,566		4,080		1,772		2,879		2,712		(877)
Income tax expense (benefit)	1,982		1,020		443		792		705		(978)
Net income	$	8,584	$	3,060	$	1,329	$	2,087	$	2,007	$	101

Average
Total loans and leases	$	1,189,528	$	322,164	$	262,150	$	396,988	$	201,237	$	6,989
Total assets (1)	3,512,490		1,034,670		333,409		749,898		1,101,576		292,937
Total deposits	2,016,929		950,809		286,578		647,583		39,752		92,207
Period end
Total loans and leases	$	1,205,035	$	321,196	$	264,070	$	406,982	$	205,941	$	6,846
Total assets (1)	3,496,186		1,058,618		336,511		745,299		1,091,745		264,013
Total deposits	2,037,663		973,306		287,719		647,018		38,012		91,608

	Fourth Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	15,915	$	9,090	$	1,870	$	3,238	$	1,750	$	(33)
Noninterest income
Fees and commissions:
Card income	1,566		1,341		7		203		15		—
Service charges	1,649		638		29		885		97		—
Investment and brokerage services	5,300		98		4,563		14		628		(3)
Investment banking fees	1,666		—		69		973		656		(32)
Total fees and commissions	10,181		2,077		4,668		2,075		1,396		(35)
Market making and similar activities	2,074		7		34		67		2,001		(35)
Other income (loss)	362		27		46		858		157		(726)
Total noninterest income (loss)	12,617		2,111		4,748		3,000		3,554		(796)
Total revenue, net of interest expense	28,532		11,201		6,618		6,238		5,304		(829)
Provision for credit losses	1,308		1,066		(3)		243		12		(10)
Noninterest expense	17,437		5,729		4,747		3,118		3,906		(63)
Income (loss) before income taxes	9,787		4,406		1,874		2,877		1,386		(756)
Income tax expense (benefit)	2,140		1,102		469		791		402		(624)
Net income (loss)	$	7,647	$	3,304	$	1,405	$	2,086	$	984	$	(132)

Average
Total loans and leases	$	1,170,895	$	322,678	$	256,968	$	386,319	$	197,822	$	7,108
Total assets (1)	3,427,791		1,027,783		324,446		754,999		1,026,282		294,281
Total deposits	2,012,523		945,394		279,456		656,120		37,875		93,678
Period end
Total loans and leases	$	1,185,700	$	325,871	$	261,303	$	388,998	$	202,733	$	6,795
Total assets (1)	3,411,738		1,039,346		335,495		734,710		1,032,858		269,329
Total deposits	2,018,729		956,265		289,854		641,211		40,614		90,785

(1)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
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	First Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	14,588	$	8,505	$	1,765	$	3,151	$	1,189	$	(22)
Noninterest income
Fees and commissions:
Card income	1,518		1,297		10		202		14		(5)
Service charges	1,561		618		27		826		89		1
Investment and brokerage services	4,813		83		4,089		18		627		(4)
Investment banking fees	1,523		—		69		847		681		(74)
Total fees and commissions	9,415		1,998		4,195		1,893		1,411		(82)
Market making and similar activities	3,584		8		34		66		3,622		(146)
Other income (loss)	805		(18)		22		882		363		(444)
Total noninterest income (loss)	13,804		1,988		4,251		2,841		5,396		(672)
Total revenue, net of interest expense	28,392		10,493		6,016		5,992		6,585		(694)
Provision for credit losses	1,480		1,292		14		154		28		(8)
Noninterest expense	17,770		5,826		4,659		3,184		3,811		290
Income (loss) before income taxes	9,142		3,375		1,343		2,654		2,746		(976)
Income tax expense (benefit)	1,782		844		336		730		796		(924)
Net income (loss)	$	7,360	$	2,531	$	1,007	$	1,924	$	1,950	$	(52)

Average
Total loans and leases	$	1,093,738	$	315,038	$	232,326	$	378,733	$	159,625	$	8,016
Total assets (1)	3,349,011		1,029,320		330,607		673,883		969,282		345,919
Total deposits	1,958,332		947,550		286,399		575,185		38,809		110,389
Period end
Total loans and leases	$	1,110,625	$	318,337	$	234,304	$	384,208	$	166,348	$	7,428
Total assets (1)	3,349,039		1,054,637		329,816		687,169		959,477		317,940
Total deposits	1,989,564		972,064		285,063		591,619		38,268		102,550

(1)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
Consumer Banking Segment Results
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Net interest income		$	8,993		$	9,090		$	8,988		$	8,726		$	8,505
Noninterest income:
Card income		1,273			1,341			1,403			1,415			1,297
Service charges		638			638			645			627			618

All other income		145			132			130			45			73
Total noninterest income		2,056			2,111			2,178			2,087			1,988
Total revenue, net of interest expense		11,049			11,201			11,166			10,813			10,493

Provision for credit losses		1,132			1,066			1,009			1,282			1,292

Noninterest expense		5,837			5,729			5,575			5,567			5,826
Income before income taxes		4,080			4,406			4,582			3,964			3,375
Income tax expense		1,020			1,102			1,145			991			844
Net income		$	3,060		$	3,304		$	3,437		$	2,973		$	2,531

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 (1)		27			30			31			27			23

Balance Sheet
Average
Total loans and leases		$	322,164		$	322,678		$	320,297		$	319,142		$	315,038
Total earning assets (2)		996,431			989,897			992,007			996,193			992,252
Total assets (2)		1,034,670			1,027,783			1,029,529			1,033,776			1,029,320
Total deposits		950,809			945,394			947,414			951,986			947,550
Allocated capital (1)		45,500			44,000			44,000			44,000			44,000

Period end
Total loans and leases		$	321,196		$	325,871		$	321,905		$	320,908		$	318,337
Total earning assets (2)		1,019,832			998,969			994,931			999,094			1,016,785
Total assets (2)		1,058,618			1,039,346			1,032,826			1,037,407			1,054,637
Total deposits		973,306			956,265			949,100			954,373			972,064

(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.

(2) 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
Consumer Banking Key Indicators
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Average deposit balances
Checking		$	560,652		$	555,202		$	553,438		$	556,030		$	551,555
Savings		51,256			50,843			51,840			53,077			52,985
MMS		229,315			228,437			232,892			238,285			241,423
CDs and IRAs		105,954			107,364			105,633			100,957			98,023
Other		3,632			3,548			3,611			3,637			3,564
Total average deposit balances		$	950,809		$	945,394		$	947,414		$	951,986		$	947,550

Deposit spreads (excludes noninterest costs)
Checking		3.07		%	3.02		%	2.96		%	2.90		%	2.81		%
Savings		3.39			3.33			3.28			3.21			3.13
MMS		3.59			3.56			3.52			3.45			3.38
CDs and IRAs		1.24			1.25			1.37			1.49			1.57
Other		3.68			4.27			4.13			4.18			4.26
Total deposit spreads		3.01			2.97			2.94			2.91			2.85

Consumer investment assets (1)		$	573,254		$	599,110		$	580,391		$	539,727		$	497,680

Active digital banking users (in thousands) (2)		49,986			49,323			49,198			48,998			49,028
Active mobile banking users (in thousands) (3)		41,766			41,427			41,258			40,840			40,492
Financial centers		3,540			3,628			3,649			3,664			3,681
ATMs		14,902			14,909			14,920			14,904			14,866

Total credit card (4)
Loans
Average credit card outstandings		$	103,087		$	102,992		$	100,966		$	100,013		$	100,173
Ending credit card outstandings		102,833			106,027			102,109			101,209			99,731
Credit quality
Net charge-offs		$	924		$	882		$	880		$	954		$	1,001
		3.64		%	3.40		%	3.46		%	3.82		%	4.05		%
30+ delinquency		$	2,512		$	2,604		$	2,464		$	2,388		$	2,497
		2.44		%	2.46		%	2.41		%	2.36		%	2.50		%
90+ delinquency		$	1,341		$	1,352		$	1,259		$	1,257		$	1,334
		1.30		%	1.27		%	1.23		%	1.24		%	1.34		%
Other total credit card indicators (4)
Gross interest yield		11.64		%	11.76		%	12.17		%	12.06		%	12.12		%
Risk-adjusted margin		6.69			7.02			7.48			7.07			6.68
New accounts (in thousands)		884			855			929			834			913
Purchase volumes		$	92,972		$	99,622		$	95,116		$	94,814		$	88,208

Debit card data
Purchase volumes		$	151,934		$	155,070		$	150,048		$	149,288		$	140,197

Loan production (5)
Consumer Banking:
First mortgage		$	3,066		$	4,176		$	3,052		$	3,052		$	1,857
Home equity		2,000			2,159			2,326			2,241			1,834
Total (6):
First mortgage		$	6,432		$	8,463		$	6,751		$	6,604		$	4,508
Home equity		2,462			2,620			2,800			2,766			2,214

(1) Includes client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and assets under management (AUM) in Consumer Banking.

(2) Represents mobile and/or online active users over the past 90 days.

(3) Represents mobile active users over the past 90 days.

(4) In addition to the credit card portfolio in Consumer Banking, the remaining credit card portfolio is in GWIM.

(5) 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.

(6) 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


Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Net interest income		$	1,862		$	1,870		$	1,800		$	1,762		$	1,765
Noninterest income:
Investment and brokerage services		4,671			4,563			4,334			4,033			4,089
All other income		179			185			178			142			162
Total noninterest income		4,850			4,748			4,512			4,175			4,251
Total revenue, net of interest expense		6,712			6,618			6,312			5,937			6,016

Provision for credit losses		2			(3)			4			20			14

Noninterest expense		4,938			4,747			4,622			4,593			4,659
Income before income taxes		1,772			1,874			1,686			1,324			1,343
Income tax expense		443			469			421			331			336
Net income		$	1,329		$	1,405		$	1,265		$	993		$	1,007

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 (1)		24			28			26			20			21

Balance Sheet
Average
Total loans and leases		$	262,150		$	256,968		$	245,523		$	237,377		$	232,326
Total earning assets (2)		318,978			309,916			306,384			306,490			316,887
Total assets (2)		333,409			324,446			320,484			320,224			330,607
Total deposits		286,578			279,456			276,534			276,825			286,399
Allocated capital (1)		22,250			19,750			19,750			19,750			19,750


Period end
Total loans and leases		$	264,070		$	261,303		$	252,986		$	241,142		$	234,304
Total earning assets (2)		321,554			320,899			310,732			305,793			315,663
Total assets (2)		336,511			335,495			325,605			320,820			329,816
Total deposits		287,719			289,854			278,931			275,778			285,063

(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.

(2)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
Global Wealth & Investment Management Key Indicators
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025

Revenue by Business
Merrill Wealth Management		$	5,579	$	5,494	$	5,261	$	4,942	$	5,019
Bank of America Private Bank		1,133		1,124		1,051		995		997

Total revenue, net of interest expense		$	6,712	$	6,618	$	6,312	$	5,937	$	6,016

Client Balances by Business, at period end
Merrill Wealth Management		$	3,815,389	$	3,992,312	$	3,896,124	$	3,695,213	$	3,486,594
Bank of America Private Bank		757,017		759,082		744,675		700,018		670,600

Total client balances		$	4,572,406	$	4,751,394	$	4,640,799	$	4,395,231	$	4,157,194

Client Balances by Type, at period end


Assets under management (1)		$	2,115,782	$	2,177,708	$	2,109,946	$	1,986,523	$	1,855,657
Brokerage and other assets		1,946,617		2,067,937		2,040,748		1,932,182		1,821,203

Deposits		287,719		289,854		278,931		275,778		285,063
Loans and leases (2)		266,657		263,819		255,381		243,409		236,641
Less: Managed deposits in assets under management		(44,369)		(47,924)		(44,207)		(42,661)		(41,370)
Total client balances		$	4,572,406	$	4,751,394	$	4,640,799	$	4,395,231	$	4,157,194

Assets Under Management Rollforward
Assets under management, beginning balance		$	2,177,708	$	2,109,946	$	1,986,523	$	1,855,657	$	1,882,211
Net client flows		20,372		20,209		23,517		14,314		23,957

Market valuation/other		(82,298)		47,553		99,906		116,552		(50,511)
Total assets under management, ending balance		$	2,115,782	$	2,177,708	$	2,109,946	$	1,986,523	$	1,855,657

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

(2)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
Global Banking Segment Results
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Net interest income		$	3,230		$	3,238		$	3,141		$	3,081		$	3,151
Noninterest income:
Service charges		904			885			863			864			826
Investment banking fees		1,047			973			1,155			767			847
All other income		1,106			1,142			1,030			977			1,168
Total noninterest income		3,057			3,000			3,048			2,608			2,841
Total revenue, net of interest expense		6,287			6,238			6,189			5,689			5,992

Provision for credit losses		185			243			269			277			154

Noninterest expense		3,223			3,118			3,044			3,070			3,184
Income before income taxes		2,879			2,877			2,876			2,342			2,654
Income tax expense		792			791			791			644			730
Net income		$	2,087		$	2,086		$	2,085		$	1,698		$	1,924

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 (1)		16			16			16			13			15

Balance Sheet
Average
Total loans and leases		$	396,988		$	386,319		$	388,482		$	387,864		$	378,733
Total earning assets (2)		685,393			690,069			665,143			638,259			608,793
Total assets (2)		749,898			754,999			730,206			703,326			673,883
Total deposits		647,583			656,120			631,560			603,410			575,185
Allocated capital (1)		54,250			50,750			50,750			50,750			50,750

Period end
Total loans and leases		$	406,982		$	388,998		$	386,828		$	390,691		$	384,208
Total earning assets (2)		681,219			671,354			671,971			673,069			622,078
Total assets (2)		745,299			734,710			737,640			739,214			687,169
Total deposits		647,018			641,211			640,801			643,529			591,619

(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.

(2)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
Global Banking Key Indicators
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Investment Banking fees (1)
Advisory (2)		$	497		$	541		$	536		$	291		$	339
Debt issuance		420			321			472			346			409
Equity issuance		130			111			147			130			99
Total Investment Banking fees (3)		$	1,047		$	973		$	1,155		$	767		$	847

Business Lending
Corporate		$	1,092		$	1,031		$	1,045		$	1,006		$	949
Commercial		1,137			1,181			1,135			1,141			1,109
Business Banking		48			51			56			55			54
Total Business Lending revenue		$	2,277		$	2,263		$	2,236		$	2,202		$	2,112

Global Transaction Services
Corporate		$	1,406		$	1,415		$	1,326		$	1,270		$	1,288
Commercial		1,095			1,131			1,043			1,018			1,032
Business Banking		384			397			370			361			360
Total Global Transaction Services revenue		$	2,885		$	2,943		$	2,739		$	2,649		$	2,680

Average deposit balances
Interest-bearing		$	493,498		$	502,455		$	483,285		$	453,768		$	422,300
Noninterest-bearing		154,085			153,665			148,275			149,642			152,885
Total average deposits		$	647,583		$	656,120		$	631,560		$	603,410		$	575,185



Provision for credit losses		$	185		$	243		$	269		$	277		$	154

Credit quality (4, 5)
Reservable criticized utilized exposure		$	20,576		$	21,010		$	22,637		$	24,298		$	24,446
		4.79		%	5.11		%	5.55		%	5.90		%	6.04		%

Nonperforming loans, leases and foreclosed properties		$	2,550		$	2,620		$	2,395		$	3,114		$	2,987
		0.63		%	0.68		%	0.62		%	0.80		%	0.78		%

Average loans and leases by product
U.S. commercial		$	249,606		$	242,890		$	244,131		$	242,431		$	235,518
Non-U.S. commercial		80,905			78,363			79,811			80,672			78,141
Commercial real estate		49,922			48,313			48,256			48,397			48,939
Commercial lease financing		16,555			16,752			16,282			16,364			16,135
Other		—			1			2			—			—
Total average loans and leases		$	396,988		$	386,319		$	388,482		$	387,864		$	378,733

Total Corporation Investment Banking fees
Advisory (2)		$	553		$	590		$	583		$	333		$	384
Debt issuance		986			810			1,109			837			942
Equity issuance		353			297			362			328			272
Total investment banking fees including self-led deals		1,892			1,697			2,054			1,498			1,598
Self-led deals		(51)			(31)			(41)			(70)			(75)
Total Investment Banking fees		$	1,841		$	1,666		$	2,013		$	1,428		$	1,523

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

(2)Advisory includes fees on debt and equity advisory and mergers and acquisitions.

(3)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.

(4)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.

(5)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


Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025			Third Quarter 2025			Second Quarter 2025			First Quarter 2025

Net interest income		$	1,861		$	1,750		$	1,484		$	1,267		$	1,189
Noninterest income:
Investment and brokerage services		760			628			614			642			627
Investment banking fees		762			656			834			666			681
Market making and similar activities		3,721			2,001			3,141			3,300			3,622
All other income		5			269			152			107			466
Total noninterest income		5,248			3,554			4,741			4,715			5,396
Total revenue, net of interest expense (1)		7,109			5,304			6,225			5,982			6,585

Provision for credit losses		27			12			9			22			28

Noninterest expense		4,370			3,906			3,895			3,806			3,811
Income before income taxes		2,712			1,386			2,321			2,154			2,746
Income tax expense		705			402			673			625			796
Net income		$	2,007		$	984		$	1,648		$	1,529		$	1,950

Efficiency ratio		61.47		%	73.64		%	62.58		%	63.61		%	57.88		%

Return on average allocated capital (2)		15			8			13			13			16

Balance Sheet
Average
Total trading-related assets		$	729,973		$	666,609		$	676,621		$	700,413		$	668,237
Total loans and leases		201,237			197,822			190,994			176,368			159,625
Total earning assets		874,270			820,324			813,197			825,835			767,592
Total assets		1,101,576			1,026,282			1,024,300			1,022,955			969,282
Total deposits		39,752			37,875			37,588			38,040			38,809
Allocated capital (2)		53,500			49,000			49,000			49,000			49,000


Period end
Total trading-related assets		$	727,035		$	670,949		$	638,176		$	670,649		$	660,267
Total loans and leases		205,941			202,733			196,759			187,357			166,348
Total earning assets		866,402			814,196			793,246			806,289			761,826
Total assets		1,091,745			1,032,858			997,908			1,017,594			959,477
Total deposits		38,012			40,614			36,883			38,232			38,268

Trading-related assets (average)
Trading account securities		$	387,514		$	357,802		$	361,610		$	343,971		$	346,590
Reverse repurchases		157,053			132,317			138,908			169,064			143,605
Securities borrowed		140,148			135,904			135,615			146,889			136,800
Derivative assets		45,258			40,586			40,488			40,489			41,242
Total trading-related assets		$	729,973		$	666,609		$	676,621		$	700,413		$	668,237

(1)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.

(2)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


Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025

Sales and trading revenue (1)
Fixed-income, currencies and commodities		$	3,545	$	2,501	$	3,092	$	3,195	$	3,479
Equities		2,842		2,015		2,270		2,133		2,186
Total sales and trading revenue		$	6,387	$	4,516	$	5,362	$	5,328	$	5,665

Sales and trading revenue, excluding net debit valuation adjustment (2,3)
Fixed-income, currencies and commodities		$	3,496	$	2,517	$	3,078	$	3,249	$	3,464
Equities		2,828		2,016		2,270		2,130		2,182
Total sales and trading revenue, excluding net debit valuation adjustment		$	6,324	$	4,533	$	5,348	$	5,379	$	5,646

Sales and trading revenue breakdown
Net interest income		$	1,692	$	1,612	$	1,340	$	1,119	$	1,034
Commissions		760		628		614		642		626
Trading		3,721		2,001		3,140		3,299		3,622
Other		214		275		268		268		383
Total sales and trading revenue		$	6,387	$	4,516	$	5,362	$	5,328	$	5,665

(1) 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.

(2) 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.

(3)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


Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025

Net interest income		$	(39)	$	(33)	$	(26)	$	(21)	$	(22)





Noninterest income (loss)		(684)		(796)		(672)		(812)		(672)
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
Loss before income taxes		(877)		(756)		(903)		(971)		(976)
Income tax expense (benefit)		(978)		(624)		(800)		(948)		(924)
Net income (loss)		$	101	$	(132)	$	(103)	$	(23)	$	(52)

Balance Sheet
Average
Total loans and leases		$	6,989	$	7,108	$	7,739	$	7,702	$	8,016
Total assets (2)		292,937		294,281		328,928		349,999		345,919
Total deposits		92,207		93,678		98,338		103,500		110,389

Period end
Total loans and leases		$	6,846	$	6,795	$	7,422	$	6,958	$	7,428

Total assets (3)		264,013		269,329		309,170		325,763		317,940
Total deposits		91,608		90,785		96,493		99,701		102,550

(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)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.

(3)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


Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	March 31 2026		December 31 2025		March 31 2025
Consumer
Residential mortgage	$	236,176	$	236,302	$	235,246
Home equity	26,762		26,823		25,666
Credit card	102,833		106,027		99,731
Direct/Indirect consumer (1)	113,954		114,130		106,984
Other consumer (2)	153		144		153
Total consumer loans excluding loans accounted for under the fair value option	479,878		483,426		467,780
Consumer loans accounted for under the fair value option (3)	158		165		221
Total consumer	480,036		483,591		468,001

Commercial
U.S. commercial	451,951		436,242		393,413
Non-U.S. commercial	160,722		155,045		141,327
Commercial real estate (4)	69,615		68,748		65,539
Commercial lease financing	15,945		16,241		15,698
	698,233		676,276		615,977
U.S. small business commercial	23,167		22,500		21,482
Total commercial loans excluding loans accounted for under the fair value option	721,400		698,776		637,459
Commercial loans accounted for under the fair value option (3)	3,599		3,333		5,165
Total commercial	724,999		702,109		642,624

Total loans and leases	$	1,205,035	$	1,185,700	$	1,110,625

(1)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.

(2)Substantially all of other consumer is consumer overdrafts.

(3)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.

(4)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


Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	First Quarter 2026
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	236,089	$	116,294	$	111,042	$	—	$	3,171	$	5,582
Home equity	26,884		22,837		2,912		—		97		1,038
Credit card	103,087		99,554		3,533		—		—		—
Direct/Indirect and other consumer	114,167		54,862		59,302		—		—		3
Total consumer	480,227		293,547		176,789		—		3,268		6,623

Commercial
U.S. commercial	466,097		28,593		75,618		249,606		112,145		135
Non-U.S. commercial	158,080		—		666		80,905		76,036		473
Commercial real estate	68,829		24		9,077		49,922		9,788		18
Commercial lease financing	16,295		—		—		16,555		—		(260)
Total commercial	709,301		28,617		85,361		396,988		197,969		366
Total loans and leases	$	1,189,528	$	322,164	$	262,150	$	396,988	$	201,237	$	6,989

	Fourth Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	235,813	$	116,678	$	110,119	$	1	$	3,276	$	5,739
Home equity	26,798		22,745		2,874		—		97		1,082
Credit card	102,992		99,408		3,585		—		—		(1)
Direct/Indirect and other consumer	112,803		55,406		57,393		—		—		4
Total consumer	478,406		294,237		173,971		1		3,373		6,824

Commercial
U.S. commercial	455,781		28,415		73,429		242,890		110,850		197
Non-U.S. commercial	152,913		1		648		78,363		73,563		338
Commercial real estate	67,312		25		8,920		48,313		10,036		18
Commercial lease financing	16,483		—		—		16,752		—		(269)
Total commercial	692,489		28,441		82,997		386,318		194,449		284
Total loans and leases	$	1,170,895	$	322,678	$	256,968	$	386,319	$	197,822	$	7,108

	First Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	228,638	$	114,550	$	107,239	$	—	$	657	$	6,192
Home equity	25,849		21,872		2,599		—		150		1,228
Credit card	100,173		96,759		3,414		—		—		—
Direct/Indirect and other consumer	106,847		54,689		52,155		—		—		3
Total consumer	461,507		287,870		165,407		—		807		7,423

Commercial
U.S. commercial	411,783		27,148		58,404		235,518		90,550		163
Non-U.S. commercial	138,853		—		708		78,141		59,302		702
Commercial real estate	65,751		20		7,807		48,939		8,966		19
Commercial lease financing	15,844		—		—		16,135		—		(291)
Total commercial	632,231		27,168		66,919		378,733		158,818		593
Total loans and leases	$	1,093,738	$	315,038	$	232,326	$	378,733	$	159,625	$	8,016


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


Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3, 4)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	March 31 2026		December 31 2025		March 31 2025		March 31 2026		December 31 2025		March 31 2025
Asset managers and funds	$	157,305	$	149,178	$	116,857	$	242,756	$	234,323	$	190,223
Finance companies	95,327		94,444		77,795		130,766		129,652		109,820
Capital goods	57,647		54,293		52,912		112,724		108,722		101,909
Real estate(5)	70,282		69,939		68,311		97,921		99,454		95,300
Healthcare equipment and services	36,833		35,417		36,501		72,982		71,944		65,887
Materials	30,743		29,094		28,434		62,554		61,872		61,164
Individuals and trusts	45,685		43,556		35,181		60,264		59,713		50,091
Consumer services	30,043		29,757		29,144		55,913		55,291		52,708
Retailing	27,372		25,648		26,606		54,295		55,313		53,773
Government and public education	35,316		33,874		32,872		52,863		50,898		52,009
Food, beverage and tobacco	24,922		25,561		25,209		49,940		51,016		50,875
Media	13,868		11,324		10,120		46,086		43,691		22,911
Commercial services and supplies	25,013		24,680		25,724		45,869		46,058		45,275
Utilities	19,604		18,670		18,822		44,913		43,554		42,774
Energy	15,544		13,199		13,968		42,721		39,122		35,560
Transportation	24,512		24,772		23,426		37,832		37,707		35,836
Software and services	17,555		15,317		11,169		34,947		32,070		25,229
Technology hardware and equipment	12,767		11,488		9,758		31,820		30,519		28,358
Global commercial banks	24,815		22,377		20,802		27,790		25,327		24,341
Vehicle dealers	19,414		19,222		18,050		25,081		24,669		23,542
Pharmaceuticals and biotechnology	7,359		7,166		7,704		24,615		23,325		21,911
Insurance	12,156		11,443		10,820		23,995		23,762		22,050
Consumer durables and apparel	9,642		9,612		9,615		21,722		23,299		21,292
Automobiles and components	7,772		8,129		8,136		16,257		17,284		17,270
Telecommunication services	6,946		6,525		9,320		15,896		15,686		17,824
Food and staples retailing	5,872		5,313		7,129		11,157		10,836		12,594
Financial markets infrastructure (clearinghouses)	6,561		6,101		3,956		8,784		8,336		6,676
Religious and social organizations	2,258		2,290		2,442		4,302		4,245		4,188

Total commercial credit exposure by industry	$	843,133	$	808,389	$	740,783	$	1,456,765	$	1,427,688	$	1,291,390

(1)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.

(2)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.

(3)Includes U.S. small business commercial exposure.

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

(5)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


Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	March 31 2026			December 31 2025			September 30 2025			June 30 2025			March 31 2025
Residential mortgage	$	2,103		$	2,008		$	1,972		$	2,008		$	2,036
Home equity	391			392			386			393			410
Direct/Indirect consumer	186			176			173			163			167
Total consumer	2,680			2,576			2,531			2,564			2,613
U.S. commercial	1,488			1,404			1,131			1,277			1,157
Non-U.S. commercial	334			80			107			102			111
Commercial real estate	1,191			1,596			1,470			1,964			2,145
Commercial lease financing	85			97			59			35			26
	3,098			3,177			2,767			3,378			3,439
U.S. small business commercial	53			51			49			39			31
Total commercial	3,151			3,228			2,816			3,417			3,470
Total nonperforming loans and leases	5,831			5,804			5,347			5,981			6,083
Foreclosed properties	102			101			123			123			118
Total nonperforming loans, leases, and foreclosed properties (1, 2)	$	5,933		$	5,905		$	5,470		$	6,104		$	6,201

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	2,512			2,604			2,464			2,388			2,497
Other loans past due 30 days or more and still accruing	4,248			3,834			3,637			3,240			3,531
Total loans past due 30 days or more and still accruing (3, 4)	$	7,218		$	6,888		$	6,540		$	6,047		$	6,488

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	1,341			1,351			1,260			1,257			1,334
Other loans past due 90 days or more and still accruing	436			563			637			298			299
Total loans past due 90 days or more and still accruing (4)	$	2,017		$	2,121		$	2,098		$	1,751		$	1,867

Nonperforming loans, leases and foreclosed properties/Total assets (5)	0.17		%	0.17		%	0.16		%	0.18		%	0.19		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (5)	0.49			0.50			0.47			0.54			0.56
Nonperforming loans and leases/Total loans and leases (5)	0.49			0.49			0.46			0.52			0.55
Commercial reservable criticized utilized exposure (6)	$	24,339		$	24,748		$	26,332		$	27,904		$	27,652
Commercial reservable criticized utilized exposure/Commercial reservable utilized exposure (5)	3.21		%	3.37		%	3.67		%	3.98		%	4.12		%
Total commercial criticized utilized exposure/Commercial utilized exposure (6)	3.20			3.36			3.62			3.88			4.35

(1)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.

(2)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.

(3)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.

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

(5)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.

(6)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


Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	First Quarter 2026		Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	2,576	$	2,531	$	2,564	$	2,613	$	2,647

Additions	395		294		253		264		242


Reductions:
Paydowns and payoffs	(118)		(103)		(137)		(132)		(111)
Sales	—		—		(1)		(1)		(1)
Returns to performing status (2)	(150)		(131)		(136)		(157)		(154)
Charge-offs (3)	(15)		(10)		(5)		(13)		(5)
Transfers to foreclosed properties	(8)		(5)		(7)		(10)		(5)

Total net additions (reductions) to nonperforming loans and leases	104		45		(33)		(49)		(34)
Total nonperforming consumer loans and leases, end of period	2,680		2,576		2,531		2,564		2,613
Foreclosed properties	92		90		97		94		88
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	2,772	$	2,666	$	2,628	$	2,658	$	2,701

Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	3,228	$	2,816	$	3,417	$	3,470	$	3,328

Additions	665		883		550		1,105		644
Reductions:
Paydowns	(278)		(259)		(834)		(484)		(275)
Sales	(225)		(30)		(19)		(107)		—
Returns to performing status (5)	(2)		(5)		(12)		(219)		(9)
Charge-offs	(237)		(177)		(286)		(348)		(218)


Total net additions (reductions) to nonperforming loans and leases	(77)		412		(601)		(53)		142
Total nonperforming commercial loans and leases, end of period	3,151		3,228		2,816		3,417		3,470
Foreclosed properties	10		11		26		29		30
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	3,161	$	3,239	$	2,842	$	3,446	$	3,500

(1)For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 25.

(2)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.

(3)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.

(4)Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

(5)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


Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	First Quarter 2026				Fourth Quarter 2025				Third Quarter 2025				Second Quarter 2025				First Quarter 2025
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Net Charge-offs
Residential mortgage	$	5	0.01	%	$	(2)	—	%	$	(1)	—	%	$	2	—	%	$	—	—	%
Home equity	(7)		(0.09)		(8)		(0.12)		(11)		(0.17)		(10)		(0.15)		(12)		(0.19)
Credit card	924		3.64		882		3.40		880		3.46		954		3.82		1,001		4.05

Direct/Indirect consumer	74		0.26		63		0.22		55		0.20		47		0.17		70		0.27
Other consumer	63		n/m		57		n/m		55		n/m		66		n/m		60		n/m
Total consumer	1,059		0.89		992		0.82		978		0.82		1,059		0.90		1,119		0.98
U.S. commercial	132		0.12		92		0.09		135		0.13		129		0.13		70		0.07
Non-U.S. commercial	7		0.02		24		0.06		—		—		—		—		7		0.02
Total commercial and industrial	139		0.09		116		0.08		135		0.09		129		0.09		77		0.06
Commercial real estate	56		0.33		46		0.27		120		0.72		202		1.24		123		0.75
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
U.S. small business commercial	143		2.55		130		2.29		134		2.41		134		2.48		133		2.57
Total commercial	350		0.20		295		0.17		389		0.23		466		0.29		333		0.22
Total net charge-offs	$	1,409	0.48		$	1,287	0.44		$	1,367	0.47		$	1,525	0.55		$	1,452	0.54

By Business Segment and All Other
Consumer Banking	$	1,208	1.52	%	$	1,133	1.39	%	$	1,122	1.39	%	$	1,200	1.51	%	$	1,262	1.62	%
Global Wealth & Investment Management	13		0.02		5		0.01		8		0.01		10		0.02		9		0.02
Global Banking	164		0.17		160		0.17		250		0.26		303		0.32		187		0.20
Global Markets	33		0.07		—		—		(1)		—		25		0.06		6		0.01
All Other	(9)		(0.58)		(11)		(0.63)		(12)		(0.61)		(13)		(0.68)		(12)		(0.62)
Total net charge-offs	$	1,409	0.48		$	1,287	0.44		$	1,367	0.47		$	1,525	0.55		$	1,452	0.54

(1)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


Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	March 31, 2026		December 31, 2025			March 31, 2025
	Amount		Percent of Loans and Leases Outstanding (1)	Amount			Percent of Loans and Leases Outstanding (1)	Amount		Percent of Loans and Leases Outstanding (1)
Allowance for loan and lease losses
Residential mortgage	$	303	0.13%	$	294		0.12%	$	290	0.12%
Home equity	114		0.43	122			0.46	50		0.19
Credit card	7,095		6.90	7,197			6.79	7,434		7.45

Direct/Indirect consumer	705		0.62	713			0.63	710		0.66
Other consumer	54		n/m	54			n/m	68		n/m
Total consumer	8,271		1.72	8,380			1.73	8,552		1.83
U.S. commercial (2)	3,051		0.64	2,967			0.65	2,739		0.66
Non-U.S. commercial	837		0.52	801			0.52	720		0.51
Commercial real estate	939		1.35	1,007			1.46	1,204		1.84
Commercial lease financing	50		0.32	48			0.29	41		0.27
Total commercial	4,877		0.68	4,823			0.69	4,704		0.74
Allowance for loan and lease losses	13,148		1.09	13,203			1.12	13,256		1.20


Reserve for unfunded lending commitments	1,161			1,177				1,110
Allowance for credit losses	$	14,309		$	14,380			$	14,366

Asset Quality Indicators

Allowance for loan and lease losses/Total loans and leases (1)			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

(1)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.

(2)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

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions, except per share information)

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.


	First Quarter 2026	Fourth Quarter 2025		Third Quarter 2025		Second Quarter 2025		First Quarter 2025






























Reconciliation of income before income taxes to pretax, pre-provision income
Income before income taxes		$	10,404	$	9,622	$	10,408	$	8,668	$	8,997
Provision for credit losses		1,337		1,308		1,295		1,592		1,480
Pretax, pre-provision income		$	11,741	$	10,930	$	11,703	$	10,260	$	10,477

Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity
Shareholders’ equity		$	302,501	$	303,873	$	300,381	$	295,329	$	294,187
Goodwill		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)		(1,834)		(1,853)		(1,873)		(1,893)		(1,912)
Related deferred tax liabilities		825		827		839		846		851
Tangible shareholders’ equity		$	232,471	$	233,826	$	230,326	$	225,261	$	224,105
Preferred stock		(25,748)		(25,992)		(25,232)		(22,573)		(22,307)
Tangible common shareholders’ equity		$	206,723	$	207,834	$	205,094	$	202,688	$	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	$	302,437	$	298,021	$	293,949
Goodwill		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)		(1,821)		(1,841)		(1,860)		(1,880)		(1,899)
Related deferred tax liabilities		821		825		828		842		846
Tangible shareholders’ equity		$	230,647	$	233,206	$	232,384	$	227,962	$	223,875
Preferred stock		(24,996)		(25,992)		(25,992)		(23,495)		(20,499)
Tangible common shareholders’ equity		$	205,651	$	207,214	$	206,392	$	204,467	$	203,376

Reconciliation of period-end assets to period-end tangible assets
Assets		$	3,496,186	$	3,411,738	$	3,403,149	$	3,440,798	$	3,349,039
Goodwill		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)		(1,821)		(1,841)		(1,860)		(1,880)		(1,899)
Related deferred tax liabilities		821		825		828		842		846
Tangible assets		$	3,426,165	$	3,341,701	$	3,333,096	$	3,370,739	$	3,278,965

Book value per share of common stock
Common shareholders’ equity		$	275,672	$	277,251	$	276,445	$	274,526	$	273,450
Ending common shares issued and outstanding		7,129.9		7,212.5		7,329.4		7,436.7		7,560.1
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
Tangible common shareholders’ equity		$	205,651	$	207,214	$	206,392	$	204,467	$	203,376
Ending common shares issued and outstanding		7,129.9		7,212.5		7,329.4		7,436.7		7,560.1
Tangible book value per share of common stock		$	28.84	$	28.73	$	28.16	$	27.49	$	26.90


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

Source: View Original Filing on SEC EDGAR

FAQ

How did Bank of America (BAC) perform financially in Q1 2026?

Bank of America generated strong Q1 2026 results, with net income of $8.6 billion and diluted EPS of $1.11. Revenue, net of interest expense, rose to $30.3 billion, up 7% year over year, as both net interest and fee-based income improved across segments.

What drove Bank of America’s revenue growth in Q1 2026?

Revenue growth was driven by higher net interest income of $15.7 billion, up 9%, plus stronger sales and trading, asset management and investment banking fees. Total revenue reached $30.3 billion, reflecting higher deposit and loan balances and improved market-related income.

How strong were Bank of America’s capital and liquidity ratios in Q1 2026?

Bank of America reported CET1 capital of $199.7 billion and a CET1 ratio of 11.2% under the Standardized approach, above regulatory minimums. Average Global Liquidity Sources were $960 billion, supporting resilience while the bank continued lending and returning capital.

How did Bank of America’s business segments contribute to Q1 2026 earnings?

All four major segments contributed meaningfully. Consumer Banking earned $3.1 billion, GWIM $1.3 billion, Global Banking $2.1 billion, and Global Markets $2.0 billion. Segment revenue gains reflected loan and deposit growth, higher asset management fees and stronger trading and investment banking activity.

What were Bank of America’s credit costs and asset quality trends in Q1 2026?

Provision for credit losses was $1.3 billion, slightly below the $1.5 billion level a year earlier. Net charge-offs were $1.4 billion, modestly higher than the prior quarter mainly from credit card seasonality, while overall asset quality indicators remained stable across the loan portfolio.

How much capital did Bank of America return to shareholders in Q1 2026?

Bank of America returned $9.3 billion to shareholders in Q1 2026, including about $2.0 billion in common stock dividends and approximately $7.2 billion in share repurchases. Book value per share rose to $38.66 and tangible book value per share increased to $28.84.

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Bank of America (BAC) Q1 2026 earnings rise with $8.6B net income, strong fee growth

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How did Bank of America (BAC) perform financially in Q1 2026?

What drove Bank of America’s revenue growth in Q1 2026?

How strong were Bank of America’s capital and liquidity ratios in Q1 2026?

How did Bank of America’s business segments contribute to Q1 2026 earnings?

What were Bank of America’s credit costs and asset quality trends in Q1 2026?

How much capital did Bank of America return to shareholders in Q1 2026?

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Bank of America (BAC) Q1 2026 earnings rise with $8.6B net income, strong fee growth

Rhea-AI Filing Summary

Positive

Negative

Insights

Bank earnings analyst positive

8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

FAQ

How did Bank of America (BAC) perform financially in Q1 2026?

What drove Bank of America’s revenue growth in Q1 2026?

How strong were Bank of America’s capital and liquidity ratios in Q1 2026?

How did Bank of America’s business segments contribute to Q1 2026 earnings?

What were Bank of America’s credit costs and asset quality trends in Q1 2026?

How much capital did Bank of America return to shareholders in Q1 2026?

Filing Exhibits & Attachments

Press Releases

Other Documents