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Form 8-K

sec.gov
BAC-PQ BAC-PP BAC-PE BAC-PO BAC-PL BML-PL BAC Bank of America reported strong financial results for Q1 2026, with net income up 17% year-over-year to $8.6 billion and EPS up 25% to $1.11. Revenue increased 7% driven by strong performance in net interest income, sales and trading, and asset management fees. The company also returned significant capital to shareholders through dividends and buybacks, indicating financial health and confidence. MER-PK BAC-PN BAC-PK BML-PH BAC-PB BAC-PM BML-PJ BML-PG BACRP BAC-PS

8-K — BANK OF AMERICA CORP /DE/

Accession: 0000070858-26-000222

Filed: 2026-04-15

Period: 2026-04-15

CIK: 0000070858

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — bac-20260415.htm (Primary)

EX-99.1 — THE PRESS RELEASE (bac03312026ex991.htm)

EX-99.2 — THE PRESENTATION MATERIALS (bac03312026ex992.htm)

EX-99.3 — THE SUPPLEMENTAL INFORMATION (bac-03312026ex993.htm)

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8-K

8-K (Primary)

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bac-20260415

0000070858false00000708582026-04-152026-04-150000070858us-gaap:CommonStockMember2026-04-152026-04-150000070858us-gaap:SeriesEPreferredStockMember2026-04-152026-04-150000070858bac:SeriesGGPreferredStockMember2026-04-152026-04-150000070858bac:SeriesHHPreferredStockMember2026-04-152026-04-150000070858bac:SeriesLPreferredStockMember2026-04-152026-04-150000070858bac:Series1PreferredStockMember2026-04-152026-04-150000070858bac:Series2PreferredStockMember2026-04-152026-04-150000070858bac:Series4PreferredStockMember2026-04-152026-04-150000070858bac:Series5PreferredStockMember2026-04-152026-04-150000070858bac:FloatingRatePreferredHybridIncomeTermSecuritiesMember2026-04-152026-04-150000070858bac:A5.63FixedtoFloatingRatePreferredHybridIncomeTermSecuritiesMember2026-04-152026-04-150000070858bac:IncomeCapitalObligationNotesMember2026-04-152026-04-150000070858bac:SeniorMediumTermNotesSeriesAStepUpCallableNotesMember2026-04-152026-04-150000070858bac:SeriesKKPreferredStockMember2026-04-152026-04-150000070858bac:SeriesLLPreferredStockMember2026-04-152026-04-150000070858bac:SeriesNNPreferredStockMember2026-04-152026-04-150000070858bac:SeriesPPPreferredStockMember2026-04-152026-04-150000070858bac:SeriesQQPreferredStockMember2026-04-152026-04-150000070858bac:DepositarySharesEachRepresentingA11000thInterestInAShareOf4750NonCumulativePreferredStockSeriesSSMember2026-04-152026-04-15

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

EX-99.1 — THE PRESS RELEASE

EX-99.1

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bac03312026ex991

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

EX-99.2 — THE PRESENTATION MATERIALS

EX-99.2

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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.

EX-99.3 — THE SUPPLEMENTAL INFORMATION

EX-99.3

Filename: bac-03312026ex993.htm · Sequence: 4

Document

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

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XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 67

v3.26.1

Cover Page

Apr. 15, 2026

Document Information [Line Items]

Document Type

8-K

Document Period End Date

Apr. 15, 2026

Entity Registrant Name

BANK OF AMERICA CORPORATION

Entity Incorporation, State or Country Code

DE

Entity File Number

1-6523

Entity Tax Identification Number

56-0906609

Entity Address, Address Line One

100 North Tryon Street

Entity Address, City or Town

Charlotte

Entity Address, State or Province

NC

Entity Address, Postal Zip Code

28255

City Area Code

704

Local Phone Number

386-5681

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

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Common Stock, par value $0.01 per share

Document Information [Line Items]

Title of 12(b) Security

Common Stock, par value $0.01 per share

Trading Symbol

BAC

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E

Trading Symbol

BAC PrE

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG

Trading Symbol

BAC PrB

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, HH

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, Series HH

Trading Symbol

BAC PrK

Security Exchange Name

NYSE

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L

Document Information [Line Items]

Title of 12(b) Security

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L

Trading Symbol

BAC PrL

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,200th interest in a share of

Trading Symbol

BML PrG

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 2

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,200th interest in a share of

Trading Symbol

BML PrH

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 4

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,200th interest in a share of

Trading Symbol

BML PrJ

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 5

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,200th interest in a share of

Trading Symbol

BML PrL

Security Exchange Name

NYSE

Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)

Document Information [Line Items]

Title of 12(b) Security

Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)

Trading Symbol

BAC/PF

Security Exchange Name

NYSE

5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)

Document Information [Line Items]

Title of 12(b) Security

5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)

Trading Symbol

BAC/PG

Security Exchange Name

NYSE

Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation

Document Information [Line Items]

Title of 12(b) Security

Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation

Trading Symbol

MER PrK

Security Exchange Name

NYSE

Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with respect thereto)

Document Information [Line Items]

Title of 12(b) Security

Senior Medium-Term Notes, Series A, Step Up Callable Notes, due

Trading Symbol

BAC/31B

Security Exchange Name

NYSE

Depositary Shares, each representing 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK

Trading Symbol

BAC PrM

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL

Trading Symbol

BAC PrN

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN

Trading Symbol

BAC PrO

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP

Trading Symbol

BAC PrP

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ

Trading Symbol

BAC PrQ

Security Exchange Name

NYSE

Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS

Document Information [Line Items]

Title of 12(b) Security

Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS

Trading Symbol

BAC PrS

Security Exchange Name

NYSE

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