Revised Supplemental Information

to Reflect Certain Financial Reporting Changes

                

This information is preliminary and based on company data available at the time of the Form 8-K filing. 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.

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Bank of America Corporation and Subsidiaries
Table of Contents		Page
Consolidated Financial Highlights		2
Consolidated Statement of Income		3
Net Interest Income and Noninterest Income		4
Quarterly Average Balances and Interest Rates		5
Annual Average Balances and Interest Rates		11
Supplemental Financial Data		13
Estimated Banking Book Net Interest Income Sensitivity to Curve Changes		13
Quarterly Results by Business Segment and All Other		14
Annual Results by Business Segment and All Other		18
Consumer Banking
Total Segment Results		20
Business Results		21
Global Wealth & Investment Management
Total Segment Results		24
Global Banking
Total Segment Results		25
Global Markets
Total Segment Results		26
All Other
Total Results		27
Exhibit A: Non-GAAP Reconciliations		28
Description of Financial Reporting Changes and Reclassifications Effective January 1, 2019, Bank of America Corporation (the “Corporation”) made certain financial reporting changes and reclassifications. These changes and reclassifications were adopted on a retrospective basis. The changes and reclassifications reflect changes to both the format of the Consolidated Statement of Income and segment allocations. Highlights of the financial reporting changes and reclassifications include: Format-driven changes:
•	The net interest income and noninterest income sections are presented in fewer line items; the level of detail as historically presented will continue to be included in the Notes to the Consolidated Financial Statements and is also included on page 4.
•	The noninterest expense section has been updated to enhance its functional alignment, including changes to certain of the captions.
Segment allocation and other changes:
•	Interest expense on structured notes has been reclassified from interest expense to trading account income, consistent with how other changes in the fair value of these instruments are recognized. Further, certain other immaterial reclassifications have been made.
•	The methodologies used for allocating funding costs, credits and expenses related to asset and liability management (ALM) activities have been further refined, certain financing costs have been reattributed from All Other to Global Wealth & Investment Management (GWIM) and the methodology for allocating certain payroll taxes has been further refined.
Management believes these reporting changes result in a more relevant presentation of the Corporation’s consolidated and business segment results. Financial information for all prior periods presented herein has been updated to reflect the changes and reclassifications. The Corporation’s consolidated net income as reported for all prior periods in its 2018 Annual Report on Form 10-K is unchanged. 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 14-19 are reported on an FTE basis.

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Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(In millions, except per share information)
	Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
	2018				2017				2016
Income statement
Net interest income	$	48,162			$	45,239			$	41,486				$	12,504			$	12,061			$	11,828			$	11,769			$	11,618			$	11,300			$	11,135			$	11,186
Noninterest income	42,858				41,887				42,012					10,173				10,663				10,721				11,301				8,763				10,479				11,637				11,008
Total revenue, net of interest expense	91,020				87,126				83,498					22,677				22,724				22,549				23,070				20,381				21,779				22,772				22,194
Provision for credit losses	3,282				3,396				3,597					905				716				827				834				1,001				834				726				835
Noninterest expense	53,154				54,517				54,880					13,074				13,014				13,224				13,842				13,219				13,334				13,925				14,039
Income tax expense	6,437				10,981				7,199					1,420				1,827				1,714				1,476				3,796				2,187				3,015				1,983
Net income	28,147				18,232				17,822					7,278				7,167				6,784				6,918				2,365				5,424				5,106				5,337
Preferred stock dividends	1,451				1,614				1,682					239				466				318				428				286				465				361				502
Net income applicable to common shareholders	26,696				16,618				16,140					7,039				6,701				6,466				6,490				2,079				4,959				4,745				4,835
Diluted earnings per common share	2.61				1.56				1.49					0.70				0.66				0.63				0.62				0.20				0.46				0.44				0.45
Average diluted common shares issued and outstanding	10,236.9				10,778.4				11,046.8					9,996.0				10,170.8				10,309.4				10,472.7				10,621.8				10,746.7				10,834.8				10,919.7
Dividends paid per common share	$	0.54			$	0.39			$	0.25				$	0.15			$	0.15			$	0.12			$	0.12			$	0.12			$	0.12			$	0.075			$	0.075
Performance ratios
Return on average assets	1.21		%		0.80		%		0.81		%			1.24		%		1.23		%		1.17		%		1.21		%		0.41		%		0.95		%		0.90		%		0.97		%
Return on average common shareholders’ equity	11.04				6.72				6.69					11.57				10.99				10.75				10.85				3.29				7.89				7.75				8.09
Return on average shareholders’ equity	10.63				6.72				6.70					10.95				10.74				10.26				10.57				3.43				7.88				7.56				8.09
Return on average tangible common shareholders’ equity (1)	15.55				9.41				9.51					16.29				15.48				15.15				15.26				4.56				10.98				10.87				11.44
Return on average tangible shareholders’ equity (1)	14.46				9.08				9.17					14.90				14.61				13.95				14.37				4.62				10.59				10.23				11.01
Efficiency ratio	58.40				62.57				65.72					57.65				57.27				58.65				60.00				64.86				61.23				61.15				63.25
At period end
Book value per share of common stock	$	25.13			$	23.80			$	23.97				$	25.13			$	24.33			$	24.07			$	23.74			$	23.80			$	23.87			$	24.85			$	24.34
Tangible book value per share of common stock (1)	17.91				16.96				16.89					17.91				17.23				17.07				16.84				16.96				17.18				17.75				17.22
Market capitalization	238,251				303,681				222,163					238,251				290,424				282,259				305,176				303,681				264,992				239,643				235,291
Number of financial centers - U.S.	4,341				4,477				4,582					4,341				4,385				4,433				4,452				4,477				4,515				4,546				4,562
Number of branded ATMs - U.S.	16,255				16,039				15,928					16,255				16,089				16,050				16,011				16,039				15,973				15,972				15,939
Headcount	204,489				209,376				210,673					204,489				204,681				207,992				207,953				209,376				209,839				210,904				210,533

(1)

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 28.)

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

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Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(In millions, except per share information)
		Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
		2018				2017				2016
Net interest income
Interest income		$	66,769			$	57,579			$	51,057				$	17,836			$	16,965			$	16,369			$	15,599			$	15,066			$	14,657			$	14,146			$	13,710
Interest expense		18,607				12,340				9,571					5,332				4,904				4,541				3,830				3,448				3,357				3,011				2,524
Net interest income		48,162				45,239				41,486					12,504				12,061				11,828				11,769				11,618				11,300				11,135				11,186
Noninterest income
Fees and commissions		33,078				33,341				31,876					8,345				8,076				8,317				8,340				8,395				8,251				8,381				8,314
Trading account income		7,869				6,770				6,582					1,448				1,717				2,151				2,553				1,012				1,714				1,824				2,220
Other income (loss)		1,911				1,776				3,554					380				870				253				408				(644		)		514				1,432				474
Total noninterest income		42,858				41,887				42,012					10,173				10,663				10,721				11,301				8,763				10,479				11,637				11,008
Total revenue, net of interest expense		91,020				87,126				83,498					22,677				22,724				22,549				23,070				20,381				21,779				22,772				22,194
Provision for credit losses		3,282				3,396				3,597					905				716				827				834				1,001				834				726				835
Noninterest expense
Compensation and benefits		31,880				31,931				32,018					7,735				7,721				7,944				8,480				7,605				7,811				8,040				8,475
Occupancy and equipment		6,380				6,264				6,395					1,593				1,589				1,591				1,607				1,572				1,554				1,564				1,574
Information processing and communications		4,555				4,530				4,447					1,156				1,113				1,121				1,165				1,132				1,120				1,120				1,158
Product delivery and transaction related		2,857				3,041				2,970					708				687				706				756				783				753				746				759
Professional fees		1,699				1,888				1,971					480				439				399				381				471				476				485				456
Marketing		1,674				1,746				1,703					513				421				395				345				511				461				442				332
Other general operating		4,109				5,117				5,376					889				1,044				1,068				1,108				1,145				1,159				1,528				1,285
Total noninterest expense		53,154				54,517				54,880					13,074				13,014				13,224				13,842				13,219				13,334				13,925				14,039
Income before income taxes		34,584				29,213				25,021					8,698				8,994				8,498				8,394				6,161				7,611				8,121				7,320
Income tax expense		6,437				10,981				7,199					1,420				1,827				1,714				1,476				3,796				2,187				3,015				1,983
Net income		$	28,147			$	18,232			$	17,822				$	7,278			$	7,167			$	6,784			$	6,918			$	2,365			$	5,424			$	5,106			$	5,337
Preferred stock dividends		1,451				1,614				1,682					239				466				318				428				286				465				361				502
Net income applicable to common shareholders		$	26,696			$	16,618			$	16,140				$	7,039			$	6,701			$	6,466			$	6,490			$	2,079			$	4,959			$	4,745			$	4,835
Per common share information
Earnings		$	2.64			$	1.63			$	1.57				$	0.71			$	0.67			$	0.64			$	0.63			$	0.20			$	0.49			$	0.47			$	0.48
Diluted earnings		2.61				1.56				1.49					0.70				0.66				0.63				0.62				0.20				0.46				0.44				0.45
Average common shares issued and outstanding		10,096.5				10,195.6				10,284.1					9,855.8				10,031.6				10,181.7				10,322.4				10,470.7				10,197.9				10,013.5				10,099.6
Average diluted common shares issued and outstanding		10,236.9				10,778.4				11,046.8					9,996.0				10,170.8				10,309.4				10,472.7				10,621.8				10,746.7				10,834.8				10,919.7

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

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Bank of America Corporation and Subsidiaries
Net Interest Income and Noninterest Income
(Dollars in millions)
		Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
		2018				2017				2016
Net interest income
Interest income
Loans and leases		$	40,811			$	36,221			$	33,228				$	10,716			$	10,401			$	10,071			$	9,623			$	9,344			$	9,203			$	8,920			$	8,754
Debt securities		11,724				10,471				9,167					3,078				2,986				2,856				2,804				2,707				2,629				2,594				2,541
Federal funds sold and securities borrowed or purchased under agreements to resell		3,176				2,390				1,118					1,046				799				709				622				732				659				560				439
Trading account assets		4,811				4,474				4,423					1,305				1,172				1,198				1,136				1,144				1,091				1,163				1,076
Other interest income		6,247				4,023				3,121					1,691				1,607				1,535				1,414				1,139				1,075				909				900
Total interest income		66,769				57,579				51,057					17,836				16,965				16,369				15,599				15,066				14,657				14,146				13,710
Interest expense
Deposits		4,495				1,931				1,015					1,562				1,230				943				760				679				624				346				282
Short-term borrowings		5,839				3,538				2,350					1,716				1,526				1,462				1,135				1,030				944				917				647
Trading account liabilities		1,358				1,204				1,018					318				335				348				357				314				319				307				264
Long-term debt		6,915				5,667				5,188					1,736				1,813				1,788				1,578				1,425				1,470				1,441				1,331
Total interest expense		18,607				12,340				9,571					5,332				4,904				4,541				3,830				3,448				3,357				3,011				2,524
Net interest income		$	48,162			$	45,239			$	41,486				$	12,504			$	12,061			$	11,828			$	11,769			$	11,618			$	11,300			$	11,135			$	11,186
Noninterest income
Fees and commissions
Card income
Interchange fees (1)		$	3,866			$	3,777			$	3,925				$	1,016			$	925			$	1,011			$	914			$	1,004			$	881			$	949			$	943
Other card income		1,958				1,899				1,723					506				492				472				488				496				488				463				452
Total card income		5,824				5,676				5,648					1,522				1,417				1,483				1,402				1,500				1,369				1,412				1,395
Service charges
Deposit-related fees		6,667				6,708				6,545					1,659				1,682				1,680				1,646				1,668				1,691				1,696				1,653
Lending-related fees		1,100				1,110				1,093					272				279				274				275				287				277				281				265
Total service charges		7,767				7,818				7,638					1,931				1,961				1,954				1,921				1,955				1,968				1,977				1,918
Investment and brokerage services
Asset management fees		10,189				9,310				8,328					2,536				2,576				2,513				2,564				2,455				2,367				2,288				2,200
Brokerage fees		3,971				4,526				5,021					1,008				918				945				1,100				1,067				1,070				1,172				1,217
Total investment and brokerage services		14,160				13,836				13,349					3,544				3,494				3,458				3,664				3,522				3,437				3,460				3,417
Investment banking fees
Underwriting income		2,722				2,821				2,585					562				701				719				740				635				698				709				779
Syndication fees		1,347				1,499				1,388					390				241				400				316				354				405				340				400
Financial advisory services		1,258				1,691				1,268					396				262				303				297				429				374				483				405
Total investment banking fees		5,327				6,011				5,241					1,348				1,204				1,422				1,353				1,418				1,477				1,532				1,584
Total fees and commissions		33,078				33,341				31,876					8,345				8,076				8,317				8,340				8,395				8,251				8,381				8,314
Trading account income		7,869				6,770				6,582					1,448				1,717				2,151				2,553				1,012				1,714				1,824				2,220
Other income		1,911				1,776				3,554					380				870				253				408				(644		)		514				1,432				474
Total noninterest income		$	42,858			$	41,887			$	42,012				$	10,173			$	10,663			$	10,721			$	11,301			$	8,763			$	10,479			$	11,637			$	11,008

(1)

Gross interchange fees were $9.5 billion, $8.8 billion and $8.3 billion for 2018, 2017 and 2016, respectively, and are presented net of $5.6 billion, $5.1 billion and $4.4 billion of expenses for rewards and partner payments for the same periods. Gross interchange fees were $2.5 billion, $2.4 billion, $2.4 billion, $2.2 billion, $2.3 billion, $2.2 billion, $2.2 billion and $2.1 billion for the fourth, third, second and first quarters of 2018 and the fourth, third, second and first quarters of 2017, respectively, and are presented net of $1.5 billion, $1.5 billion, $1.4 billion, $1.3 billion, $1.3 billion, $1.3 billion, $1.3 billion and $1.1 billion of expenses for rewards and partner payments for the same periods.

 

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

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Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
		Fourth Quarter 2018												Third Quarter 2018												Second Quarter 2018
		Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks		$	129,814			$	494			1.51	%			$	144,411			$	523			1.44	%			$	144,983			$	487			1.35	%
Time deposits placed and other short-term investments		8,691				59				2.72				8,328				48				2.26				10,015				48				1.91
Federal funds sold and securities borrowed or purchased under agreements to resell		263,626				1,046				1.57				241,426				799				1.31				251,880				709				1.13
Trading account assets		138,046				1,327				3.82				128,896				1,195				3.68				132,799				1,232				3.72
Debt securities		440,967				3,108				2.76				445,813				3,014				2.66				429,191				2,885				2.64
Loans and leases (1):
Residential mortgage		209,646				1,857				3.54				209,460				1,857				3.54				206,083				1,798				3.49
Home equity		50,757				634				4.96				53,050				656				4.91				54,863				640				4.68
U.S. credit card		95,766				2,533				10.49				94,710				2,435				10.20				93,531				2,298				9.86
Direct/Indirect and other consumer		91,458				823				3.57				91,828				787				3.40				93,620				766				3.28
Total consumer		447,627				5,847				5.20				449,048				5,735				5.08				448,097				5,502				4.92
U.S. commercial		308,557				3,203				4.12				303,680				3,034				3.97				305,372				2,983				3.92
Non-U.S. commercial		95,937				835				3.45				96,019				831				3.43				99,255				816				3.30
Commercial real estate		60,876				703				4.59				60,754				682				4.45				60,653				646				4.27
Commercial lease financing		21,724				182				3.36				21,235				173				3.25				21,441				168				3.14
Total commercial		487,094				4,923				4.01				481,688				4,720				3.89				486,721				4,613				3.80
Total loans and leases		934,721				10,770				4.58				930,736				10,455				4.46				934,818				10,115				4.34
Other earning assets		70,869				1,187				6.65				72,827				1,082				5.91				78,244				1,047				5.36
Total earning assets (2)		1,986,734				17,991				3.60				1,972,437				17,116				3.45				1,981,930				16,523				3.34
Cash and due from banks		26,081												25,639												25,329
Other assets, less allowance for loan and lease losses		321,771												319,753												315,419
Total assets		$	2,334,586											$	2,317,829											$	2,322,678

(1)	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans are recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

(2)	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

		Fourth Quarter 2018									Third Quarter 2018									Second Quarter 2018
Federal funds sold and securities borrowed or purchased under agreements to resell				$	(61	)							$	(52	)							$	(39	)
Debt securities				13									3									—
U.S. commercial loans and leases				(10		)							(8		)							(10		)
Net hedge expense on assets				$	(58	)							$	(57	)							$	(49	)

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

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Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
		Fourth Quarter 2018												Third Quarter 2018												Second Quarter 2018
		Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings		$	52,523			$	2			0.01	%			$	53,929			$	1			0.01	%			$	55,734			$	2			0.01	%
NOW and money market deposit accounts		701,697				957				0.54				680,285				737				0.43				664,002				536				0.32
Consumer CDs and IRAs		38,899				48				0.49				39,160				40				0.41				39,953				36				0.36
Negotiable CDs, public funds and other deposits		62,719				362				2.29				54,192				275				2.01				44,539				197				1.78
Total U.S. interest-bearing deposits		855,838				1,369				0.63				827,566				1,053				0.50				804,228				771				0.38
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries		2,321				7				1.14				2,353				12				2.06				2,329				11				1.89
Governments and official institutions		275				—				0.04				709				—				0.01				1,113				—				0.01
Time, savings and other		64,599				186				1.14				63,179				165				1.04				65,326				161				0.99
Total non-U.S. interest-bearing deposits		67,195				193				1.14				66,241				177				1.07				68,768				172				1.00
Total interest-bearing deposits		923,033				1,562				0.67				893,807				1,230				0.55				872,996				943				0.43
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		262,497				1,716				2.60				264,168				1,526				2.30				272,777				1,462				2.15
Trading account liabilities		45,329				318				2.79				50,904				335				2.60				52,228				348				2.67
Long-term debt		201,056				1,736				3.44				203,239				1,813				3.55				199,448				1,788				3.59
Total interest-bearing liabilities (1)		1,431,915				5,332				1.48				1,412,118				4,904				1.38				1,397,449				4,541				1.30
Noninterest-bearing sources:
Noninterest-bearing deposits		421,918												422,538												427,663
Other liabilities (2)		217,055												218,520												232,385
Shareholders’ equity		263,698												264,653												265,181
Total liabilities and shareholders’ equity		$	2,334,586											$	2,317,829											$	2,322,678
Net interest spread										2.12	%											2.07	%											2.04	%
Impact of noninterest-bearing sources										0.40												0.38												0.37
Net interest income/yield on earning assets (3)						$	12,659			2.52	%							$	12,212			2.45	%							$	11,982			2.41	%

(1)	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

		Fourth Quarter 2018									Third Quarter 2018									Second Quarter 2018
NOW and money market deposit accounts				$	—								$	1								$	(1	)
Consumer CDs and IRAs				6									5									6
Negotiable CDs, public funds and other deposits				3									2									4
Banks located in non-U.S. countries				4									6									4
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities				11									30									30
Long-term debt				(51		)							24									(10		)
Net hedge (income) expense on liabilities				$	(27	)							$	68								$	33

(2)	Includes $29.6 billion, $30.3 billion and $29.7 billion of structured notes liabilities for the fourth, third and second quarters of 2018, respectively.

(3)	Net interest income includes FTE adjustments of $155 million, $151 million and $154 million for the fourth, third and second quarters of 2018, respectively.

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

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Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
		First Quarter 2018												Fourth Quarter 2017												Third Quarter 2017
		Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks		$	140,247			$	422			1.22	%			$	128,708			$	336			1.04	%			$	127,835			$	323			1.00	%
Time deposits placed and other short-term investments		10,786				61				2.31				12,979				68				2.06				12,503				68				2.17
Federal funds sold and securities borrowed or purchased under agreements to resell		248,320				622				1.02				224,490				528				0.93				223,585				487				0.86
Trading account assets		131,123				1,147				3.54				130,370				1,183				3.61				124,068				1,125				3.60
Debt securities		433,096				2,830				2.58				441,624				2,751				2.48				436,886				2,670				2.44
Loans and leases (1):
Residential mortgage		204,830				1,782				3.48				202,155				1,749				3.46				199,240				1,724				3.46
Home equity		56,952				643				4.56				59,059				641				4.32				61,225				664				4.31
U.S. credit card		94,423				2,313				9.93				93,531				2,299				9.75				91,602				2,253				9.76
Direct/Indirect and other consumer		95,292				728				3.10				96,113				724				2.99				96,272				706				2.91
Total consumer		451,497				5,466				4.89				450,858				5,413				4.78				448,339				5,347				4.74
U.S. commercial		299,850				2,717				3.68				297,851				2,598				3.46				293,203				2,542				3.44
Non-U.S. commercial		99,504				738				3.01				98,692				680				2.73				95,725				676				2.80
Commercial real estate		59,231				587				4.02				58,983				571				3.84				59,044				552				3.71
Commercial lease financing		21,833				175				3.20				21,406				159				2.98				21,818				160				2.92
Total commercial		480,418				4,217				3.56				476,932				4,008				3.34				469,790				3,930				3.32
Total loans and leases		931,915				9,683				4.20				927,790				9,421				4.04				918,129				9,277				4.02
Other earning assets		84,345				984				4.72				84,087				901				4.25				76,496				849				4.41
Total earning assets (2)		1,979,832				15,749				3.21				1,950,048				15,188				3.09				1,919,502				14,799				3.06
Cash and due from banks		26,275												28,114												28,990
Other assets, less allowance for loan and lease losses		319,771												323,525												322,612
Total assets		$	2,325,878											$	2,301,687											$	2,271,104

(1)	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans are recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

(2)	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

		First Quarter 2018									Fourth Quarter 2017									Third Quarter 2017
Federal funds sold and securities borrowed or purchased under agreements to resell				$	5								$	16								$	8
Debt securities				(3		)							(2		)							(5		)
U.S. commercial loans and leases				(9		)							(10		)							(10		)
Net hedge expense on assets				$	(7	)							$	4								$	(7	)

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

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Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
		First Quarter 2018												Fourth Quarter 2017												Third Quarter 2017
		Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings		$	54,747			$	1			0.01	%			$	54,090			$	1			0.01	%			$	54,328			$	1			0.01	%
NOW and money market deposit accounts		659,033				406				0.25				645,639				361				0.22				631,270				333				0.21
Consumer CDs and IRAs		41,313				33				0.33				42,595				29				0.28				44,239				31				0.27
Negotiable CDs, public funds and other deposits		40,639				157				1.56				39,200				133				1.35				38,119				101				1.05
Total U.S. interest-bearing deposits		795,732				597				0.30				781,524				524				0.27				767,956				466				0.24
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries		2,243				9				1.67				1,844				5				0.96				2,259				5				0.97
Governments and official institutions		1,154				—				0.02				1,016				3				1.06				1,012				3				1.04
Time, savings and other		67,334				154				0.92				67,252				147				0.87				63,716				150				0.93
Total non-U.S. interest-bearing deposits		70,731				163				0.93				70,112				155				0.88				66,987				158				0.93
Total interest-bearing deposits		866,463				760				0.36				851,636				679				0.32				834,943				624				0.30
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		279,801				1,135				1.64				272,733				901				1.31				270,364				846				1.24
Trading account liabilities		55,362				357				2.62				49,643				314				2.51				48,390				319				2.62
Long-term debt		197,787				1,578				3.22				196,314				1,425				2.89				197,139				1,470				2.97
Total interest-bearing liabilities (1)		1,399,413				3,830				1.11				1,370,326				3,319				0.96				1,350,836				3,259				0.96
Noninterest-bearing sources:
Noninterest-bearing deposits		430,805												441,936												436,768
Other liabilities (2)		230,180												216,263												210,262
Shareholders’ equity		265,480												273,162												273,238
Total liabilities and shareholders’ equity		$	2,325,878											$	2,301,687											$	2,271,104
Net interest spread										2.10	%											2.13	%											2.10	%
Impact of noninterest-bearing sources										0.32												0.29												0.29
Net interest income/yield on earning assets (3)						$	11,919			2.42	%							$	11,869			2.42	%							$	11,540			2.39	%

(1)	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

		First Quarter 2018									Fourth Quarter 2017									Third Quarter 2017
Consumer CDs and IRAs				5									5									6
Negotiable CDs, public funds and other deposits				3									3									3
Banks located in non-U.S. countries				5									5									5
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities				29									30									33
Long-term debt				(246		)							(379		)							(393		)
Net hedge (income) expense on liabilities				$	(204	)							$	(336	)							$	(346	)

(2)	Includes $31.9 billion, $31.4 billion and $30.3 billion of structured notes liabilities for the first quarter of 2018 and the fourth and third quarters of 2017, respectively.

(3)	Net interest income includes FTE adjustments of $150 million, $251 million and $240 million for the first quarter of 2018 and the fourth and third quarters of 2017, respectively.

.

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

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Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
									Second Quarter 2017												First Quarter 2017
									Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks									$	129,201			$	261			0.81	%			$	123,921			$	202			0.66	%
Time deposits placed and other short-term investments									11,448				58				2.03				11,497				47				1.65
Federal funds sold and securities borrowed or purchased under agreements to resell									226,700				435				0.77				216,402				356				0.67
Trading account assets									135,931				1,199				3.54				125,661				1,111				3.58
Debt securities									431,132				2,632				2.44				430,234				2,573				2.38
Loans and leases (1):
Residential mortgage									195,935				1,697				3.46				193,627				1,661				3.44
Home equity									63,332				664				4.20				65,508				639				3.94
U.S. credit card									89,464				2,128				9.54				89,628				2,111				9.55
Non-U.S. credit card (2)									6,494				147				9.08				9,367				211				9.15
Direct/Indirect and other consumer									95,775				669				2.80				95,838				635				2.68
Total consumer									451,000				5,305				4.71				453,968				5,257				4.68
U.S. commercial									291,162				2,403				3.31				287,468				2,222				3.14
Non-U.S. commercial									92,708				615				2.66				92,821				595				2.60
Commercial real estate									58,198				514				3.54				57,764				479				3.36
Commercial lease financing									21,649				156				2.89				22,123				231				4.17
Total commercial									463,717				3,688				3.19				460,176				3,527				3.11
Total loans and leases									914,717				8,993				3.94				914,144				8,784				3.88
Other earning assets									73,618				713				3.88				73,514				760				4.19
Total earning assets (3)									1,922,747				14,291				2.98				1,895,373				13,833				2.96
Cash and due from banks									27,659												27,196
Other assets, less allowance for loan and lease losses									318,887												309,080
Total assets									$	2,269,293											$	2,231,649

(1)	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans are recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

(2)	Includes assets of the Corporation's non-U.S. consumer credit card business, which was sold during the second quarter of 2017.

(3)	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

									Second Quarter 2017									First Quarter 2017
Federal funds sold and securities borrowed or purchased under agreements to resell											$	10								$	15
Debt securities											(25		)							(22		)
U.S. commercial loans and leases											(9		)							(10		)
Net hedge expense on assets											$	(24	)							$	(17	)

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

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Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
									Second Quarter 2017												First Quarter 2017
									Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings									$	54,494			$	2			0.01	%			$	52,193			$	1			0.01	%
NOW and money market deposit accounts									619,593				105				0.07				617,749				74				0.05
Consumer CDs and IRAs									45,682				30				0.27				46,711				31				0.27
Negotiable CDs, public funds and other deposits									36,041				68				0.75				33,695				52				0.63
Total U.S. interest-bearing deposits									755,810				205				0.11				750,348				158				0.09
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries									3,058				6				0.77				2,616				5				0.76
Governments and official institutions									981				2				0.90				1,013				2				0.81
Time, savings and other									60,047				133				0.89				58,418				117				0.81
Total non-U.S. interest-bearing deposits									64,086				141				0.89				62,047				124				0.81
Total interest-bearing deposits									819,896				346				0.17				812,395				282				0.14
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities									288,726				825				1.14				268,079				573				0.87
Trading account liabilities									45,156				307				2.73				38,731				264				2.76
Long-term debt									194,508				1,441				2.97				191,490				1,331				2.80
Total interest-bearing liabilities (1)									1,348,286				2,919				0.87				1,310,695				2,450				0.76
Noninterest-bearing sources:
Noninterest-bearing deposits									436,942												444,237
Other liabilities (2)									213,088												209,017
Shareholders’ equity									270,977												267,700
Total liabilities and shareholders’ equity									$	2,269,293											$	2,231,649
Net interest spread																	2.11	%											2.20	%
Impact of noninterest-bearing sources																	0.26												0.22
Net interest income/yield on earning assets (3)													$	11,372			2.37	%							$	11,383			2.42	%

(1)	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

									Second Quarter 2017									First Quarter 2017
NOW and money market deposit accounts											$	(1	)							$	—
Consumer CDs and IRAs											5									6
Negotiable CDs, public funds and other deposits											4									3
Banks located in non-U.S. countries											4									5
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities											88									92
Long-term debt											(426		)							(530		)
Net hedge (income) expense on liabilities											$	(326	)							$	(424	)

(2)	Includes $29.6 billion and $30.0 billion of structured notes liabilities for the second and first quarters of 2017, respectively.

(3)	Net interest income includes FTE adjustments of $237 million and $197 million for the second and first quarters of 2017, respectively.

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

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Bank of America Corporation and Subsidiaries
Annual Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
		2018												2017												2016
		Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks		$	139,848			$	1,926			1.38	%			$	127,431			$	1,122			0.88	%			$	133,374			$	605			0.45	%
Time deposits placed and other short-term investments		9,446				216				2.29				12,112				241				1.99				9,026				140				1.55
Federal funds sold and securities borrowed or purchased under agreements to resell		251,328				3,176				1.26				222,818				1,806				0.81				216,161				967				0.45
Trading account assets		132,724				4,901				3.69				129,007				4,618				3.58				129,766				4,563				3.52
Debt securities		437,312				11,837				2.66				435,005				10,626				2.44				418,289				9,263				2.23
Loans and leases (1):
Residential mortgage		207,523				7,294				3.51				197,766				6,831				3.45				188,250				6,488				3.45
Home equity		53,886				2,573				4.77				62,260				2,608				4.19				71,760				2,713				3.78
U.S. credit card		94,612				9,579				10.12				91,068				8,791				9.65				87,905				8,170				9.29
Non-U.S. credit card (2)		—				—				—				3,929				358				9.12				9,527				926				9.72
Direct/Indirect and other consumer		93,036				3,104				3.34				96,002				2,734				2.85				94,148				2,371				2.52
Total consumer		449,057				22,550				5.02				451,025				21,322				4.73				451,590				20,668				4.58
U.S. commercial		304,387				11,937				3.92				292,452				9,765				3.34				276,887				8,101				2.93
Non-U.S. commercial		97,664				3,220				3.30				95,005				2,566				2.70				93,263				2,337				2.51
Commercial real estate		60,384				2,618				4.34				58,502				2,116				3.62				57,547				1,773				3.08
Commercial lease financing		21,557				698				3.24				21,747				706				3.25				21,146				627				2.97
Total commercial		483,992				18,473				3.82				467,706				15,153				3.24				448,843				12,838				2.86
Total loans and leases (2)		933,049				41,023				4.40				918,731				36,475				3.97				900,433				33,506				3.72
Other earning assets		76,524				4,300				5.62				76,957				3,224				4.19				59,775				2,496				4.18
Total earning assets (3)		1,980,231				67,379				3.40				1,922,061				58,112				3.02				1,866,824				51,540				2.76
Cash and due from banks		25,830												27,995												27,893
Other assets, less allowance for loan and lease losses		319,185												318,577												295,501
Total assets		$	2,325,246											$	2,268,633											$	2,190,218

(1)	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans are recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

(2)	The 2017 and 2016 amounts include assets of the Corporation’s non-U.S. consumer credit card business, which was sold during the second quarter of 2017.

(3)	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

		2018									2017									2016
Federal funds sold and securities borrowed or purchased under agreements to resell				$	(147	)							$	49								$	25
Debt securities				13									(54		)							(150		)
U.S. commercial loans and leases				(37		)							(39		)							(51		)
Net hedge expense on assets				$	(171	)							$	(44	)							$	(176	)

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

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Bank of America Corporation and Subsidiaries
Annual Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
		2018												2017												2016
		Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate				Average Balance				Interest Income/ Expense				Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings		$	54,226			$	6			0.01	%			$	53,783			$	5			0.01	%			$	49,495			$	5			0.01	%
NOW and money market deposit accounts		676,382				2,636				0.39				628,647				873				0.14				589,737				294				0.05
Consumer CDs and IRAs		39,823				157				0.39				44,794				121				0.27				48,594				133				0.27
Negotiable CDs, public funds and other deposits		50,593				991				1.96				36,782				354				0.96				32,889				160				0.49
Total U.S. interest-bearing deposits		821,024				3,790				0.46				764,006				1,353				0.18				720,715				592				0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries		2,312				39				1.69				2,442				21				0.85				3,891				32				0.82
Governments and official institutions		810				—				0.01				1,006				10				0.95				1,437				9				0.64
Time, savings and other		65,097				666				1.02				62,386				547				0.88				59,183				382				0.65
Total non-U.S. interest-bearing deposits		68,219				705				1.03				65,834				578				0.88				64,511				423				0.66
Total interest-bearing deposits		889,243				4,495				0.51				829,840				1,931				0.23				785,226				1,015				0.13
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		269,748				5,839				2.17				274,975				3,146				1.14				252,585				1,933				0.77
Trading account liabilities		50,928				1,358				2.67				45,518				1,204				2.64				37,897				1,018				2.69
Long-term debt		200,399				6,915				3.45				194,882				5,667				2.91				204,826				5,188				2.53
Total interest-bearing liabilities (1)		1,410,318				18,607				1.32				1,345,215				11,948				0.89				1,280,534				9,154				0.71
Noninterest-bearing sources:
Noninterest-bearing deposits		425,698												439,956												437,335
Other liabilities (2)		224,482												212,173												206,506
Shareholders’ equity		264,748												271,289												265,843
Total liabilities and shareholders’ equity		$	2,325,246											$	2,268,633											$	2,190,218
Net interest spread										2.08	%											2.13	%											2.05	%
Impact of noninterest-bearing sources										0.37												0.27												0.22
Net interest income/yield on earning assets (3)						$	48,772			2.45	%							$	46,164			2.40	%							$	42,386			2.27	%

(1)	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

		2018									2017									2016
NOW and money market deposit accounts				$	—								$	(1	)							$	(1	)
Consumer CDs and IRAs				22									22									23
Negotiable CDs, public funds and other deposits				12									13									13
Banks located in non-U.S. countries				19									19									13
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities				100									243									500
Long-term debt				(283		)							(1,728		)							(2,615		)
Net hedge income on liabilities				$	(130	)							$	(1,432	)							$	(2,067	)

(2)	Includes $30.4 billion, $30.3 billion and $23.9 billion of structured notes liabilities for 2018, 2017 and 2016, respectively.

(3)	Net interest income includes FTE adjustments of $610 million, $925 million and $900 million for 2018, 2017 and 2016, respectively.

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

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Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)
	Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
	2018				2017				2016
Fully taxable-equivalent (FTE) basis data (1)
Net interest income	$	48,772			$	46,164			$	42,386				$	12,659			$	12,212			$	11,982			$	11,919			$	11,869			$	11,540			$	11,372			$	11,383
Total revenue, net of interest expense	91,630				88,051				84,398					22,832				22,875				22,703				23,220				20,632				22,019				23,009				22,391
Net interest yield	2.45		%		2.40		%		2.27		%			2.52		%		2.45		%		2.41		%		2.42		%		2.42		%		2.39		%		2.37		%		2.42		%
Efficiency ratio	58.01				61.91				65.02					57.26				56.89				58.25				59.61				64.07				60.56				60.52				62.70

(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 a more accurate picture of 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 $610 million, $925 million and $900 million for the years ended December 31, 2018, 2017 and 2016, respectively; $155 million, $151 million, $154 million, and $150 million for the fourth, third, second and first quarters of 2018, respectively; and $251 million, $240 million, $237 million and $197 million for the fourth, third, second and first quarters of 2017, respectively.

Estimated Banking Book Net Interest Income Sensitivity to Curve Changes
(Dollars in millions)	Short Rate (bps)			Long Rate (bps)			December 31 2018 (1)
Parallel Shifts
+100 bps instantaneous shift	+100			+100			$	2,833
-100 bps instantaneous shift	-100			-100			(4,280		)
Flatteners
Short-end instantaneous change	+100			—			2,158
Long-end instantaneous change	—			-100			(1,618		)
Steepeners
Short-end instantaneous change	-100			—			(2,648		)
Long-end instantaneous change	—			+100			675

(1)	Change in net interest income reflects changes in the balance sheet.

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

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Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
		Fourth Quarter 2018
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	12,659				$	7,111			$	1,612			$	2,849			$	936			$	151
Noninterest income
Fees and commissions:
Card income		1,522					1,339				34				129				20				—
Service charges		1,931					1,086				18				743				79				5
Investment and brokerage services		3,544					77				2,978				24				474				(9		)
Investment banking fees		1,348					(1		)		94				760				514				(19		)
Total fees and commissions		8,345					2,501				3,124				1,656				1,087				(23		)
Trading account income		1,448					2				31				75				1,132				208
Other income (loss)		380					349				271				589				92				(921		)
Total noninterest income (loss)		10,173					2,852				3,426				2,320				2,311				(736		)
Total revenue, net of interest expense		22,832					9,963				5,038				5,169				3,247				(585		)
Provision for credit losses		905					915				23				85				6				(124		)
Noninterest expense		13,074					4,442				3,560				2,127				2,553				392
Income (loss) before income taxes		8,853					4,606				1,455				2,957				688				(853		)
Income tax expense (benefit)		1,575					1,173				370				769				178				(915		)
Net income		$	7,278				$	3,433			$	1,085			$	2,188			$	510			$	62
Average
Total loans and leases		$	934,721				$	289,862			$	163,516			$	357,410			$	70,609			$	53,324
Total assets (1)		2,334,586					759,027				283,264				440,522				655,069				196,704
Total deposits		1,344,951					686,826				247,427				359,642				31,077				19,979
Quarter end
Total loans and leases		$	946,895				$	294,335			$	164,854			$	365,717			$	73,928			$	48,061
Total assets (1)		2,354,507					768,881				305,907				442,330				641,923				195,466
Total deposits		1,381,476					696,146				268,700				360,248				37,841				18,541
		Third Quarter 2018
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	12,212				$	6,844			$	1,531			$	2,726			$	933			$	178
Noninterest income
Fees and commissions:
Card income		1,417					1,237				34				124				21				1
Service charges		1,961					1,098				19				753				86				5
Investment and brokerage services		3,494					80				3,004				27				388				(5		)
Investment banking fees		1,204					—				87				644				522				(49		)
Total fees and commissions		8,076					2,415				3,144				1,548				1,017				(48		)
Trading account income		1,717					2				24				60				1,551				80
Other income (loss)		870					181				118				489				372				(290		)
Total noninterest income (loss)		10,663					2,598				3,286				2,097				2,940				(258		)
Total revenue, net of interest expense		22,875					9,442				4,817				4,823				3,873				(80		)
Provision for credit losses		716					870				13				(70		)		(2		)		(95		)
Noninterest expense		13,014					4,328				3,440				2,142				2,633				471
Income (loss) before income taxes		9,145					4,244				1,364				2,751				1,242				(456		)
Income tax expense (benefit)		1,978					1,081				348				714				323				(488		)
Net income		$	7,167				$	3,163			$	1,016			$	2,037			$	919			$	32
Average
Total loans and leases		$	930,736				$	284,994			$	161,869			$	352,712			$	71,231			$	59,930
Total assets (1)		2,317,829					759,665				273,582				423,643				652,481				208,458
Total deposits		1,316,345					687,530				238,291				337,685				30,721				22,118
Quarter end
Total loans and leases		$	929,801				$	287,277			$	162,191			$	352,332			$	73,023			$	54,978
Total assets (1)		2,338,833					765,498				276,146				430,846				646,359				219,984
Total deposits		1,345,649					692,770				239,654				350,748				41,102				21,375

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

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

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Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
		Second Quarter 2018
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	11,982				$	6,593			$	1,538			$	2,739			$	968			$	144
Noninterest income
Fees and commissions:
Card income		1,483					1,292				38				130				23				—
Service charges		1,954					1,072				17				768				90				7
Investment and brokerage services		3,458					80				2,937				18				430				(7		)
Investment banking fees		1,422					—				72				743				651				(44		)
Total fees and commissions		8,317					2,444				3,064				1,659				1,194				(44		)
Trading account income		2,151					2				28				64				2,020				37
Other income (loss)		253					194				112				552				69				(674		)
Total noninterest income (loss)		10,721					2,640				3,204				2,275				3,283				(681		)
Total revenue, net of interest expense		22,703					9,233				4,742				5,014				4,251				(537		)
Provision for credit losses		827					944				12				(23		)		(1		)		(105		)
Noninterest expense		13,224					4,369				3,426				2,185				2,726				518
Income (loss) before income taxes		8,652					3,920				1,304				2,852				1,526				(950		)
Income tax expense (benefit)		1,868					999				332				741				397				(601		)
Net income (loss)		$	6,784				$	2,921			$	972			$	2,111			$	1,129			$	(349	)
Average
Total loans and leases		$	934,818				$	280,689			$	160,833			$	355,088			$	75,053			$	63,155
Total assets (1)		2,322,678					759,982				272,318				424,540				678,501				187,337
Total deposits		1,300,659					687,812				236,214				323,215				30,736				22,682
Quarter end
Total loans and leases		$	935,824				$	283,565			$	162,034			$	355,473			$	73,496			$	61,256
Total assets (1)		2,291,670					768,188				270,915				426,448				637,110				189,009
Total deposits		1,309,691					695,530				233,925				326,029				31,450				22,757
		First Quarter 2018
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	11,919				$	6,477			$	1,584			$	2,679			$	1,020			$	159
Noninterest income
Fees and commissions:
Card income		1,402					1,234				21				128				20				(1		)
Service charges		1,921					1,044				19				763				90				5
Investment and brokerage services		3,664					82				3,040				25				488				29
Investment banking fees		1,353					—				84				744				609				(84		)
Total fees and commissions		8,340					2,360				3,164				1,660				1,207				(51		)
Trading account income (loss)		2,553					2				29				61				2,557				(96		)
Other income (loss)		408					141				79				595				28				(435		)
Total noninterest income (loss)		11,301					2,503				3,272				2,316				3,792				(582		)
Total revenue, net of interest expense		23,220					8,980				4,856				4,995				4,812				(423		)
Provision for credit losses		834					935				38				16				(3		)		(152		)
Noninterest expense		13,842					4,548				3,580				2,291				2,923				500
Income (loss) before income taxes		8,544					3,497				1,238				2,688				1,892				(771		)
Income tax expense (benefit)		1,626					893				316				699				492				(774		)
Net income		$	6,918				$	2,604			$	922			$	1,989			$	1,400			$	3
Average
Total loans and leases		$	931,915				$	279,557			$	159,095			$	351,689			$	73,763			$	67,811
Total assets (1)		2,325,878					746,647				279,716				421,863				678,354				199,298
Total deposits		1,297,268					674,351				243,077				324,405				32,320				23,115
Quarter end
Total loans and leases		$	934,078				$	279,055			$	159,636			$	355,165			$	75,638			$	64,584
Total assets (1)		2,328,478					774,257				279,332				425,328				648,605				200,956
Total deposits		1,328,664					701,488				241,531				331,238				32,301				22,106

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

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

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Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
		Fourth Quarter 2017
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	11,869				$	6,326			$	1,515			$	2,746			$	1,075			$	207
Noninterest income
Fees and commissions:
Card income		1,500					1,307				43				127				23				—
Service charges		1,955					1,073				18				775				84				5
Investment and brokerage services		3,522					84				2,920				24				501				(7		)
Investment banking fees		1,418					—				71				811				596				(60		)
Total fees and commissions		8,395					2,464				3,052				1,737				1,204				(62		)
Trading account income (loss)		1,012					1				24				53				935				(1		)
Other income (loss)		(644		)			112				95				515				185				(1,551		)
Total noninterest income (loss)		8,763					2,577				3,171				2,305				2,324				(1,614		)
Total revenue, net of interest expense		20,632					8,903				4,686				5,051				3,399				(1,407		)
Provision for credit losses		1,001					886				6				132				162				(185		)
Noninterest expense		13,219					4,495				3,481				2,190				2,659				394
Income (loss) before income taxes		6,412					3,522				1,199				2,729				578				(1,616		)
Income tax expense		4,047					1,350				460				1,047				194				996
Net income (loss)		$	2,365				$	2,172			$	739			$	1,682			$	384			$	(2,612	)
Average
Total loans and leases		$	927,790				$	275,716			$	157,063			$	350,262			$	73,552			$	71,197
Total assets (1)		2,301,687					737,755				276,153				420,758				659,412				207,609
Total deposits		1,293,572					665,536				240,126				329,761				34,250				23,899
Quarter end
Total loans and leases		$	936,749				$	280,473			$	159,378			$	350,668			$	76,778			$	69,452
Total assets (1)		2,281,234					749,326				284,322				425,459				629,013				193,114
Total deposits		1,309,545					676,530				246,994				329,273				34,029				22,719
		Third Quarter 2017
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	11,540				$	6,187			$	1,492			$	2,668			$	1,025			$	168
Noninterest income
Fees and commissions:
Card income		1,369					1,193				40				117				19				—
Service charges		1,968					1,082				19				776				85				6
Investment and brokerage services		3,437					74				2,854				18				496				(5		)
Investment banking fees		1,477					—				100				806				624				(53		)
Total fees and commissions		8,251					2,349				3,013				1,717				1,224				(52		)
Trading account income (loss)		1,714					1				29				(5		)		1,591				98
Other income (loss)		514					185				92				639				64				(466		)
Total noninterest income (loss)		10,479					2,535				3,134				2,351				2,879				(420		)
Total revenue, net of interest expense		22,019					8,722				4,626				5,019				3,904				(252		)
Provision for credit losses		834					967				16				48				(6		)		(191		)
Noninterest expense		13,334					4,443				3,393				2,154				2,759				585
Income (loss) before income taxes		7,851					3,312				1,217				2,817				1,151				(646		)
Income tax expense (benefit)		2,427					1,247				458				1,061				423				(762		)
Net income		$	5,424				$	2,065			$	759			$	1,756			$	728			$	116
Average
Total loans and leases		$	918,129				$	268,810			$	154,333			$	346,093			$	72,347			$	76,546
Total assets (1)		2,271,104					731,077				275,570				416,144				642,429				205,884
Total deposits		1,271,711					658,974				239,647				315,692				32,125				25,273
Quarter end
Total loans and leases		$	927,117				$	272,360			$	155,871			$	349,838			$	76,225			$	72,823
Total assets (1)		2,284,174					742,514				276,187				424,580				629,224				211,669
Total deposits		1,284,417					669,647				237,771				319,545				33,382				24,072

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

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

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Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
		Second Quarter 2017
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	11,372				$	5,941			$	1,596			$	2,559			$	999			$	277
Noninterest income
Fees and commissions:
Card income		1,412					1,202				34				127				22				27
Service charges		1,977					1,061				19				809				83				5
Investment and brokerage services		3,460					77				2,829				38				521				(5		)
Investment banking fees		1,532					—				96				929				590				(83		)
Total fees and commissions		8,381					2,340				2,978				1,903				1,216				(56		)
Trading account income		1,824					1				32				54				1,611				126
Other income		1,432					180				97				546				123				486
Total noninterest income		11,637					2,521				3,107				2,503				2,950				556
Total revenue, net of interest expense		23,009					8,462				4,703				5,062				3,949				833
Provision for credit losses		726					834				11				15				25				(159		)
Noninterest expense		13,925					4,406				3,418				2,190				2,705				1,206
Income (loss) before income taxes		8,358					3,222				1,274				2,857				1,219				(214		)
Income tax expense		3,252					1,217				481				1,079				422				53
Net income (loss)		$	5,106				$	2,005			$	793			$	1,778			$	797			$	(267	)
Average
Total loans and leases		$	914,717				$	261,537			$	150,812			$	345,063			$	69,638			$	87,667
Total assets (1)		2,269,293					724,753				281,168				415,160				645,229				202,983
Total deposits		1,256,838					652,787				245,329				300,483				31,919				26,320
Quarter end
Total loans and leases		$	916,666				$	265,938			$	153,468			$	344,457			$	73,973			$	78,830
Total assets (1)		2,254,714					735,177				274,746				411,860				633,190				199,741
Total deposits		1,262,980					662,678				237,131				303,205				33,363				26,603
		First Quarter 2017
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	11,383				$	5,749			$	1,549			$	2,642			$	1,165			$	278
Noninterest income
Fees and commissions:
Card income		1,395					1,182				36				119				19				39
Service charges		1,918					1,050				20				765				77				6
Investment and brokerage services		3,417					82				2,791				17				531				(4		)
Investment banking fees		1,584					—				51				925				666				(58		)
Total fees and commissions		8,314					2,314				2,898				1,826				1,293				(17		)
Trading account income		2,220					—				59				32				2,066				63
Other income (loss)		474					154				78				493				186				(437		)
Total noninterest income (loss)		11,008					2,468				3,035				2,351				3,545				(391		)
Total revenue, net of interest expense		22,391					8,217				4,584				4,993				4,710				(113		)
Provision for credit losses		835					838				23				17				(17		)		(26		)
Noninterest expense		14,039					4,503				3,478				2,277				2,874				907
Income (loss) before income taxes		7,517					2,876				1,083				2,699				1,853				(994		)
Income tax expense (benefit)		2,180					1,083				408				1,017				627				(955		)
Net income (loss)		$	5,337				$	1,793			$	675			$	1,682			$	1,226			$	(39	)
Average
Total loans and leases		$	914,144				$	257,945			$	148,405			$	342,857			$	70,064			$	94,873
Total assets (1)		2,231,649					707,647				293,432				416,950				607,012				206,608
Total deposits		1,256,632					635,594				257,386				305,197				33,158				25,297
Quarter end
Total loans and leases		$	915,747				$	258,421			$	149,110			$	344,452			$	71,053			$	92,711
Total assets (1)		2,247,794					734,088				291,177				417,843				603,974				200,712
Total deposits		1,272,141					661,607				254,595				297,163				33,629				25,147

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

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

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Bank of America Corporation and Subsidiaries
Annual Results by Business Segment and All Other
(Dollars in millions)
		Year Ended December 31, 2018
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	48,772				$	27,025			$	6,265			$	10,993			$	3,857			$	632
Noninterest income
Fees and commissions:
Card income		5,824					5,102				127				511				84				—
Service charges		7,767					4,300				73				3,027				345				22
Investment and brokerage services		14,160					319				11,959				94				1,780				8
Investment banking fees		5,327					(1		)		337				2,891				2,296				(196		)
Total fees and commissions		33,078					9,720				12,496				6,523				4,505				(166		)
Trading account income		7,869					8				112				260				7,260				229
Other income (loss)		1,911					865				580				2,225				561				(2,320		)
Total noninterest income (loss)		42,858					10,593				13,188				9,008				12,326				(2,257		)
Total revenue, net of interest expense		91,630					37,618				19,453				20,001				16,183				(1,625		)
Provision for credit losses		3,282					3,664				86				8				—				(476		)
Noninterest expense		53,154					17,687				14,006				8,745				10,835				1,881
Income (loss) before income taxes		35,194					16,267				5,361				11,248				5,348				(3,030		)
Income tax expense (benefit)		7,047					4,146				1,366				2,923				1,390				(2,778		)
Net income (loss)		$	28,147				$	12,121			$	3,995			$	8,325			$	3,958			$	(252	)
Average
Total loans and leases		$	933,049				$	283,807			$	161,342			$	354,236			$	72,651			$	61,013
Total assets (1)		2,325,246					756,373				277,220				425,675				666,000				199,978
Total deposits		1,314,941					684,173				241,256				336,337				31,209				21,966
Year end
Total loans and leases		$	946,895				$	294,335			$	164,854			$	365,717			$	73,928			$	48,061
Total assets (1)		2,354,507					768,881				305,907				442,330				641,923				195,466
Total deposits		1,381,476					696,146				268,700				360,248				37,841				18,541
		Year Ended December 31, 2017
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	46,164				$	24,203			$	6,152			$	10,615			$	4,264			$	930
Noninterest income
Fees and commissions:
Card income		5,676					4,884				153				490				83				66
Service charges		7,818					4,266				76				3,125				329				22
Investment and brokerage services		13,836					317				11,394				97				2,049				(21		)
Investment banking fees		6,011					—				318				3,471				2,476				(254		)
Total fees and commissions		33,341					9,467				11,941				7,183				4,937				(187		)
Trading account income		6,770					3				144				134				6,203				286
Other income (loss)		1,776					631				362				2,193				558				(1,968		)
Total noninterest income (loss)		41,887					10,101				12,447				9,510				11,698				(1,869		)
Total revenue, net of interest expense		88,051					34,304				18,599				20,125				15,962				(939		)
Provision for credit losses		3,396					3,525				56				212				164				(561		)
Noninterest expense		54,517					17,847				13,770				8,811				10,997				3,092
Income (loss) before income taxes		30,138					12,932				4,773				11,102				4,801				(3,470		)
Income tax expense (benefit)		11,906					4,897				1,807				4,204				1,666				(668		)
Net income (loss)		$	18,232				$	8,035			$	2,966			$	6,898			$	3,135			$	(2,802	)
Average
Total loans and leases		$	918,731				$	266,058			$	152,682			$	346,089			$	71,413			$	82,489
Total assets (1)		2,268,633					725,406				281,517				417,260				638,675				205,775
Total deposits		1,269,796					653,320				245,559				312,859				32,864				25,194
Year end
Total loans and leases		$	936,749				$	280,473			$	159,378			$	350,668			$	76,778			$	69,452
Total assets (1)		2,281,234					749,326				284,322				425,459				629,013				193,114
Total deposits		1,309,545					676,530				246,994				329,273				34,029				22,719

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

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

---

Bank of America Corporation and Subsidiaries
Annual Results by Business Segment and All Other (continued)
(Dollars in millions)
		Year Ended December 31, 2016
		Total Corporation					Consumer Banking				GWIM				Global Banking				Global Markets				All Other
Net interest income		$	42,386				$	21,234			$	5,738			$	9,540			$	4,884			$	990
Noninterest income
Fees and commissions:
Card income		5,648					4,782				149				472				65				180
Service charges		7,638					4,142				74				3,094				312				16
Investment and brokerage services		13,349					320				10,874				74				2,102				(21		)
Investment banking fees		5,241					2				227				2,884				2,296				(168		)
Total fees and commissions		31,876					9,246				11,324				6,524				4,775				7
Trading account income		6,582					—				175				133				6,231				43
Other income (loss)		3,554					1,039				391				2,283				198				(357		)
Total noninterest income (loss)		42,012					10,285				11,890				8,940				11,204				(307		)
Total revenue, net of interest expense		84,398					31,519				17,628				18,480				16,088				683
Provision for credit losses		3,597					2,715				68				883				31				(100		)
Noninterest expense		54,880					17,723				13,374				8,673				10,413				4,697
Income (loss) before income taxes		25,921					11,081				4,186				8,924				5,644				(3,914		)
Income tax expense (benefit)		8,099					4,083				1,548				3,289				1,978				(2,799		)
Net income (loss)		$	17,822				$	6,998			$	2,638			$	5,635			$	3,666			$	(1,115	)
Average
Total loans and leases		$	900,433				$	245,808			$	142,429			$	333,820			$	69,641			$	108,735
Total assets (1)		2,190,218					668,375				291,479				397,886				585,327				247,151
Total deposits		1,222,561					599,651				256,425				304,741				34,239				27,505
Year end
Total loans and leases		$	906,683				$	258,991			$	148,179			$	339,271			$	72,743			$	87,499
Total assets (1)		2,188,067					702,335				298,932				409,271				566,062				211,467
Total deposits		1,260,934					632,786				262,530				307,630				34,927				23,061

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

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

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Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
		Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
		2018				2017				2016
Net interest income		$	27,025			$	24,203			$	21,234				$	7,111			$	6,844			$	6,593			$	6,477			$	6,326			$	6,187			$	5,941			$	5,749
Noninterest income:
Card income		5,102				4,884				4,782					1,339				1,237				1,292				1,234				1,307				1,193				1,202				1,182
Service charges		4,300				4,266				4,142					1,086				1,098				1,072				1,044				1,073				1,082				1,061				1,050
All other income		1,191				951				1,361					427				263				276				225				197				260				258				236
Total noninterest income		10,593				10,101				10,285					2,852				2,598				2,640				2,503				2,577				2,535				2,521				2,468
Total revenue, net of interest expense		37,618				34,304				31,519					9,963				9,442				9,233				8,980				8,903				8,722				8,462				8,217
Provision for credit losses		3,664				3,525				2,715					915				870				944				935				886				967				834				838
Noninterest expense		17,687				17,847				17,723					4,442				4,328				4,369				4,548				4,495				4,443				4,406				4,503
Income before income taxes		16,267				12,932				11,081					4,606				4,244				3,920				3,497				3,522				3,312				3,222				2,876
Income tax expense		4,146				4,897				4,083					1,173				1,081				999				893				1,350				1,247				1,217				1,083
Net income		$	12,121			$	8,035			$	6,998				$	3,433			$	3,163			$	2,921			$	2,604			$	2,172			$	2,065			$	2,005			$	1,793
Net interest yield		3.77		%		3.53		%		3.37		%			3.92		%		3.77		%		3.67		%		3.71		%		3.59		%		3.55		%		3.47		%		3.49		%
Return on average allocated capital (1)		33				22				21					37				34				32				29				23				22				22				20
Efficiency ratio		47.02				52.03				56.23					44.58				45.83				47.33				50.64				50.49				50.93				52.07				54.81
Balance Sheet
Average
Total loans and leases		$	283,807			$	266,058			$	245,808				$	289,862			$	284,994			$	280,689			$	279,557			$	275,716			$	268,810			$	261,537			$	257,945
Total earning assets (2)		717,189				686,602				629,982					719,329				720,643				720,871				707,746				698,995				692,113				686,055				668,853
Total assets (2)		756,373				725,406				668,375					759,027				759,665				759,982				746,647				737,755				731,077				724,753				707,647
Total deposits		684,173				653,320				599,651					686,826				687,530				687,812				674,351				665,536				658,974				652,787				635,594
Allocated capital (1)		37,000				37,000				34,000					37,000				37,000				37,000				37,000				37,000				37,000				37,000				37,000
Period end
Total loans and leases		$	294,335			$	280,473			$	258,991				$	294,335			$	287,277			$	283,565			$	279,055			$	280,473			$	272,360			$	265,938			$	258,421
Total earning assets (2)		728,813				709,825				662,689					728,813				726,486				729,029				735,241				709,825				703,271				696,342				694,873
Total assets (2)		768,881				749,326				702,335					768,881				765,498				768,188				774,257				749,326				742,514				735,177				734,088
Total deposits		696,146				676,530				632,786					696,146				692,770				695,530				701,488				676,530				669,647				662,678				661,607

(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.

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

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Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results
(Dollars in millions)
		Fourth Quarter 2018													Third Quarter 2018
		Total Consumer Banking					Deposits				Consumer Lending				Total Consumer Banking					Deposits				Consumer Lending
Net interest income		$	7,111				$	4,280			$	2,831			$	6,844				$	4,052			$	2,792
Noninterest income:
Card income		1,339					(8		)		1,347				1,237					(10		)		1,247
Service charges		1,086					1,084				2				1,098					1,098				—
All other income		427					255				172				263					189				74
Total noninterest income		2,852					1,331				1,521				2,598					1,277				1,321
Total revenue, net of interest expense		9,963					5,611				4,352				9,442					5,329				4,113
Provision for credit losses		915					60				855				870					48				822
Noninterest expense		4,442					2,669				1,773				4,328					2,622				1,706
Income before income taxes		4,606					2,882				1,724				4,244					2,659				1,585
Income tax expense		1,173					734				439				1,081					677				404
Net income		$	3,433				$	2,148			$	1,285			$	3,163				$	1,982			$	1,181
Net interest yield		3.92		%			2.48		%		3.94		%		3.77		%			2.34		%		3.95		%
Return on average allocated capital (1)		37					71				20				34					66				19
Efficiency ratio		44.58					47.56				40.74				45.83					49.20				41.47
Balance Sheet
Average
Total loans and leases		$	289,862				$	5,302			$	284,560			$	284,994				$	5,269			$	279,725
Total earning assets (2)		719,329					684,600				284,920				720,643					685,653				280,637
Total assets (2)		759,027					713,679				295,539				759,665					713,942				291,370
Total deposits		686,826					681,478				5,348				687,530					681,726				5,804
Allocated capital (1)		37,000					12,000				25,000				37,000					12,000				25,000
Period end
Total loans and leases		$	294,335				$	5,470			$	288,865			$	287,277				$	5,276			$	282,001
Total earning assets (2)		728,813					694,672				289,249				726,486					690,960				282,921
Total assets (2)		768,881					724,019				299,970				765,498					719,127				293,766
Total deposits		696,146					691,666				4,480				692,770					686,723				6,047
		Second Quarter 2018													First Quarter 2018
		Total Consumer Banking					Deposits				Consumer Lending				Total Consumer Banking					Deposits				Consumer Lending
Net interest income		$	6,593				$	3,895			$	2,698			$	6,477				$	3,712			$	2,765
Noninterest income:
Card income		1,292					(8		)		1,300				1,234					(7		)		1,241
Service charges		1,072					1,072				—				1,044					1,044				—
All other income		276					188				88				225					130				95
Total noninterest income		2,640					1,252				1,388				2,503					1,167				1,336
Total revenue, net of interest expense		9,233					5,147				4,086				8,980					4,879				4,101
Provision for credit losses		944					46				898				935					41				894
Noninterest expense		4,369					2,645				1,724				4,548					2,720				1,828
Income before income taxes		3,920					2,456				1,464				3,497					2,118				1,379
Income tax expense		999					626				373				893					541				352
Net income		$	2,921				$	1,830			$	1,091			$	2,604				$	1,577			$	1,027
Net interest yield		3.67		%			2.28		%		3.92		%		3.71		%			2.23		%		4.08		%
Return on average allocated capital (1)		32					61				18				29					53				17
Efficiency ratio		47.33					51.40				42.19				50.64					55.75				44.57
Balance Sheet
Average
Total loans and leases		$	280,689				$	5,191			$	275,498			$	279,557				$	5,170			$	274,387
Total earning assets (2)		720,871					686,324				276,436				707,746					673,633				274,748
Total assets (2)		759,982					714,494				287,377				746,647					701,418				285,864
Total deposits		687,812					682,202				5,610				674,351					668,983				5,368
Allocated capital (1)		37,000					12,000				25,000				37,000					12,000				25,000
Period end
Total loans and leases		$	283,565				$	5,212			$	278,353			$	279,055				$	5,111			$	273,944
Total earning assets (2)		729,029					693,702				279,399				735,241					700,415				274,977
Total assets (2)		768,188					721,647				290,613				774,257					728,065				286,343
Total deposits		695,530					689,258				6,272				701,488					695,514				5,974

For footnotes, see page 22.

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

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Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
		Fourth Quarter 2017													Third Quarter 2017
		Total Consumer Banking					Deposits				Consumer Lending				Total Consumer Banking					Deposits				Consumer Lending
Net interest income		$	6,326				$	3,525			$	2,801			$	6,187				$	3,418			$	2,769
Noninterest income:
Card income		1,307					(8		)		1,315				1,193					(10		)		1,203
Service charges		1,073					1,072				1				1,082					1,082				—
All other income		197					117				80				260					118				142
Total noninterest income		2,577					1,181				1,396				2,535					1,190				1,345
Total revenue, net of interest expense		8,903					4,706				4,197				8,722					4,608				4,114
Provision for credit losses		886					53				833				967					47				920
Noninterest expense		4,495					2,696				1,799				4,443					2,631				1,812
Income before income taxes		3,522					1,957				1,565				3,312					1,930				1,382
Income tax expense		1,350					750				600				1,247					727				520
Net income		$	2,172				$	1,207			$	965			$	2,065				$	1,203			$	862
Net interest yield		3.59		%			2.11		%		4.10		%		3.55		%			2.06		%		4.15		%
Return on average allocated capital (1)		23					40				15				22					40				14
Efficiency ratio		50.49					57.29				42.87				50.93					57.07				44.05
Balance Sheet
Average
Total loans and leases		$	275,716				$	5,261			$	270,455			$	268,810				$	5,079			$	263,731
Total earning assets (2)		698,995					664,045				271,129				692,113					657,027				264,665
Total assets (2)		737,755					691,610				282,324				731,077					684,642				276,014
Total deposits		665,536					659,238				6,298				658,974					652,286				6,688
Allocated capital (1)		37,000					12,000				25,000				37,000					12,000				25,000
Period end
Total loans and leases		$	280,473				$	5,143			$	275,330			$	272,360				$	5,060			$	267,300
Total earning assets (2)		709,825					675,478				275,742				703,271					667,727				268,354
Total assets (2)		749,326					703,331				287,390				742,514					695,404				279,920
Total deposits		676,530					670,802				5,728				669,647					662,781				6,866
		Second Quarter 2017													First Quarter 2017
		Total Consumer Banking					Deposits				Consumer Lending				Total Consumer Banking					Deposits				Consumer Lending
Net interest income		$	5,941				$	3,285			$	2,656			$	5,749				$	3,035			$	2,714
Noninterest income:
Card income		1,202					(8		)		1,210				1,182					(7		)		1,189
Service charges		1,061					1,061				—				1,050					1,050				—
All other income		258					111				147				236					108				128
Total noninterest income		2,521					1,164				1,357				2,468					1,151				1,317
Total revenue, net of interest expense		8,462					4,449				4,013				8,217					4,186				4,031
Provision for credit losses		834					46				788				838					55				783
Noninterest expense		4,406					2,582				1,824				4,503					2,609				1,894
Income before income taxes		3,222					1,821				1,401				2,876					1,522				1,354
Income tax expense		1,217					688				529				1,083					573				510
Net income		$	2,005				$	1,133			$	872			$	1,793				$	949			$	844
Net interest yield		3.47		%			2.02		%		4.14		%		3.49		%			1.94		%		4.33		%
Return on average allocated capital (1)		22					38				14				20					32				14
Efficiency ratio		52.07					58.05				45.44				54.81					62.36				46.96
Balance Sheet
Average
Total loans and leases		$	261,537				$	5,016			$	256,521			$	257,945				$	4,979			$	252,966
Total earning assets (2)		686,055					651,668				257,130				668,853					634,692				254,066
Total assets (2)		724,753					678,816				268,680				707,647					661,769				265,783
Total deposits		652,787					646,474				6,313				635,594					629,337				6,257
Allocated capital (1)		37,000					12,000				25,000				37,000					12,000				25,000
Period end
Total loans and leases		$	265,938				$	5,039			$	260,899			$	258,421				$	4,938			$	253,483
Total earning assets (2)		696,342					661,568				261,696				694,873					660,878				254,291
Total assets (2)		735,177					688,801				273,298				734,088					688,278				266,106
Total deposits		662,678					656,374				6,304				661,607					655,714				5,893

(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)	For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, the Corporation allocates assets from All Other to match the segments’ and businesses’ liabilities and allocated shareholders’ equity. As a result, total earning assets and total assets of the businesses may not equal total Consumer Banking.

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

---

Bank of America Corporation and Subsidiaries
Consumer Banking Annual Results
(Dollars in millions)
		Year Ended December 31, 2018													Year Ended December 31, 2017
		Total Consumer Banking					Deposits				Consumer Lending				Total Consumer Banking					Deposits				Consumer Lending
Net interest income		$	27,025				$	15,939			$	11,086			$	24,203				$	13,263			$	10,940
Noninterest income:
Card income		5,102					(33		)		5,135				4,884					(33		)		4,917
Service charges		4,300					4,298				2				4,266					4,265				1
All other income		1,191					762				429				951					454				497
Total noninterest income		10,593					5,027				5,566				10,101					4,686				5,415
Total revenue, net of interest expense		37,618					20,966				16,652				34,304					17,949				16,355
Provision for credit losses		3,664					195				3,469				3,525					201				3,324
Noninterest expense		17,687					10,656				7,031				17,847					10,518				7,329
Income before income taxes		16,267					10,115				6,152				12,932					7,230				5,702
Income tax expense		4,146					2,578				1,568				4,897					2,738				2,159
Net income		$	12,121				$	7,537			$	4,584			$	8,035				$	4,492			$	3,543
Net interest yield		3.77		%			2.34		%		3.97		%		3.53		%			2.03		%		4.18		%
Return on average allocated capital (1)		33					63				18				22					37				14
Efficiency ratio		47.02					50.82				42.22				52.03					58.60				44.81
Balance Sheet
Average
Total loans and leases		$	283,807				$	5,233			$	278,574			$	266,058				$	5,084			$	260,974
Total earning assets (2)		717,189					682,592				279,217				686,602					651,953				261,802
Total assets (2)		756,373					710,925				290,068				725,406					679,306				273,253
Total deposits		684,173					678,640				5,533				653,320					646,930				6,390
Allocated capital (1)		37,000					12,000				25,000				37,000					12,000				25,000
Year end
Total loans and leases		$	294,335				$	5,470			$	288,865			$	280,473				$	5,143			$	275,330
Total earning assets (2)		728,813					694,672				289,249				709,825					675,478				275,742
Total assets (2)		768,881					724,019				299,970				749,326					703,331				287,390
Total deposits		696,146					691,666				4,480				676,530					670,802				5,728
															Year Ended December 31, 2016
															Total Consumer Banking					Deposits				Consumer Lending
Net interest income															$	21,234				$	10,652			$	10,582
Noninterest income:
Card income															4,782					(33		)		4,815
Service charges															4,142					4,141				1
All other income															1,361					400				961
Total noninterest income															10,285					4,508				5,777
Total revenue, net of interest expense															31,519					15,160				16,359
Provision for credit losses															2,715					174				2,541
Noninterest expense															17,723					9,806				7,917
Income before income taxes															11,081					5,180				5,901
Income tax expense															4,083					1,908				2,175
Net income															$	6,998				$	3,272			$	3,726
Net interest yield															3.37		%			1.78		%		4.36		%
Return on average allocated capital (1)															21					27				17
Efficiency ratio															56.23					64.68				48.39
Balance Sheet
Average
Total loans and leases															$	245,808				$	4,809			$	240,999
Total earning assets (2)															629,982					598,041				242,445
Total assets (2)															668,375					624,592				254,287
Total deposits															599,651					592,417				7,234
Allocated capital (1)															34,000					12,000				22,000
Year end
Total loans and leases															$	258,991				$	4,938			$	254,053
Total earning assets (2)															662,689					631,163				255,511
Total assets (2)															702,335					658,318				268,002
Total deposits															632,786					625,727				7,059

For footnotes, see page 22.

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

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Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
		Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
		2018				2017				2016
Net interest income		$	6,265			$	6,152			$	5,738				$	1,612			$	1,531			$	1,538			$	1,584			$	1,515			$	1,492			$	1,596			$	1,549
Noninterest income:
Investment and brokerage services		11,959				11,394				10,874					2,978				3,004				2,937				3,040				2,920				2,854				2,829				2,791
All other income		1,229				1,053				1,016					448				282				267				232				251				280				278				244
Total noninterest income		13,188				12,447				11,890					3,426				3,286				3,204				3,272				3,171				3,134				3,107				3,035
Total revenue, net of interest expense		19,453				18,599				17,628					5,038				4,817				4,742				4,856				4,686				4,626				4,703				4,584
Provision for credit losses		86				56				68					23				13				12				38				6				16				11				23
Noninterest expense		14,006				13,770				13,374					3,560				3,440				3,426				3,580				3,481				3,393				3,418				3,478
Income before income taxes		5,361				4,773				4,186					1,455				1,364				1,304				1,238				1,199				1,217				1,274				1,083
Income tax expense		1,366				1,807				1,548					370				348				332				316				460				458				481				408
Net income		$	3,995			$	2,966			$	2,638				$	1,085			$	1,016			$	972			$	922			$	739			$	759			$	793			$	675
Net interest yield		2.41		%		2.32		%		2.08		%			2.41		%		2.37		%		2.42		%		2.44		%		2.32		%		2.28		%		2.41		%		2.26		%
Return on average allocated capital (1)		28				21				20					30				28				27				26				21				22				23				20
Efficiency ratio		72.00				74.04				75.87					70.65				71.43				72.23				73.74				74.28				73.35				72.66				75.89
Balance Sheet
Average
Total loans and leases		$	161,342			$	152,682			$	142,429				$	163,516			$	161,869			$	160,833			$	159,095			$	157,063			$	154,333			$	150,812			$	148,405
Total earning assets (2)		259,808				265,670				275,800					265,039				256,286				255,147				262,776				259,550				259,564				265,846				277,990
Total assets (2)		277,220				281,517				291,479					283,264				273,582				272,318				279,716				276,153				275,570				281,168				293,432
Total deposits		241,256				245,559				256,425					247,427				238,291				236,214				243,077				240,126				239,647				245,329				257,386
Allocated capital (1)		14,500				14,000				13,000					14,500				14,500				14,500				14,500				14,000				14,000				14,000				14,000
Period end
Total loans and leases		$	164,854			$	159,378			$	148,179				$	164,854			$	162,191			$	162,034			$	159,636			$	159,378			$	155,871			$	153,468			$	149,110
Total earning assets (2)		287,199				267,027				283,152					287,199				258,562				253,912				262,431				267,027				259,548				258,744				275,215
Total assets (2)		305,907				284,322				298,932					305,907				276,146				270,915				279,332				284,322				276,187				274,746				291,177
Total deposits		268,700				246,994				262,530					268,700				239,654				233,925				241,531				246,994				237,771				237,131				254,595

(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.

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

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Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
	2018				2017				2016
Net interest income	$	10,993			$	10,615			$	9,540				$	2,849			$	2,726			$	2,739			$	2,679			$	2,746			$	2,668			$	2,559			$	2,642
Noninterest income:
Service charges	3,027				3,125				3,094					743				753				768				763				775				776				809				765
Investment banking fees	2,891				3,471				2,884					760				644				743				744				811				806				929				925
All other income	3,090				2,914				2,962					817				700				764				809				719				769				765				661
Total noninterest income	9,008				9,510				8,940					2,320				2,097				2,275				2,316				2,305				2,351				2,503				2,351
Total revenue, net of interest expense	20,001				20,125				18,480					5,169				4,823				5,014				4,995				5,051				5,019				5,062				4,993
Provision for credit losses	8				212				883					85				(70		)		(23		)		16				132				48				15				17
Noninterest expense	8,745				8,811				8,673					2,127				2,142				2,185				2,291				2,190				2,154				2,190				2,277
Income before income taxes	11,248				11,102				8,924					2,957				2,751				2,852				2,688				2,729				2,817				2,857				2,699
Income tax expense	2,923				4,204				3,289					769				714				741				699				1,047				1,061				1,079				1,017
Net income	$	8,325			$	6,898			$	5,635				$	2,188			$	2,037			$	2,111			$	1,989			$	1,682			$	1,756			$	1,778			$	1,682
Net interest yield	3.01		%		2.96		%		2.78		%			2.99		%		2.99		%		3.01		%		3.00		%		3.03		%		2.96		%		2.87		%		2.98		%
Return on average allocated capital (1)	20				17				15					21				20				21				20				17				17				18				17
Efficiency ratio	43.72				43.78				46.94					41.15				44.42				43.57				45.87				43.34				42.92				43.23				45.63
Balance Sheet
Average
Total loans and leases	$	354,236			$	346,089			$	333,820				$	357,410			$	352,712			$	355,088			$	351,689			$	350,262			$	346,093			$	345,063			$	342,857
Total earning assets (2)	364,748				358,302				342,859					378,163				362,316				364,587				361,822				359,199				357,014				357,407				359,605
Total assets (2)	425,675				417,260				397,886					440,522				423,643				424,540				421,863				420,758				416,144				415,160				416,950
Total deposits	336,337				312,859				304,741					359,642				337,685				323,215				324,405				329,761				315,692				300,483				305,197
Allocated capital (1)	41,000				40,000				37,000					41,000				41,000				41,000				41,000				40,000				40,000				40,000				40,000
Period end
Total loans and leases	$	365,717			$	350,668			$	339,271				$	365,717			$	352,332			$	355,473			$	355,165			$	350,668			$	349,838			$	344,457			$	344,452
Total earning assets (2)	377,812				365,560				350,110					377,812				368,095				364,428				365,895				365,560				364,591				353,649				360,288
Total assets (2)	442,330				425,459				409,271					442,330				430,846				426,448				425,328				425,459				424,580				411,860				417,843
Total deposits	360,248				329,273				307,630					360,248				350,748				326,029				331,238				329,273				319,545				303,205				297,163

(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.

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

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Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
	2018				2017				2016
Net interest income	$	3,857			$	4,264			$	4,884				$	936			$	933			$	968			$	1,020			$	1,075			$	1,025			$	999			$	1,165
Noninterest income:
Investment and brokerage services	1,780				2,049				2,102					474				388				430				488				501				496				521				531
Investment banking fees	2,296				2,476				2,296					514				522				651				609				596				624				590				666
Trading account income	7,260				6,203				6,231					1,132				1,551				2,020				2,557				935				1,591				1,611				2,066
All other income	990				970				575					191				479				182				138				292				168				228				282
Total noninterest income	12,326				11,698				11,204					2,311				2,940				3,283				3,792				2,324				2,879				2,950				3,545
Total revenue, net of interest expense	16,183				15,962				16,088					3,247				3,873				4,251				4,812				3,399				3,904				3,949				4,710
Provision for credit losses	—				164				31					6				(2		)		(1		)		(3		)		162				(6		)		25				(17		)
Noninterest expense	10,835				10,997				10,413					2,553				2,633				2,726				2,923				2,659				2,759				2,705				2,874
Income before income taxes	5,348				4,801				5,644					688				1,242				1,526				1,892				578				1,151				1,219				1,853
Income tax expense	1,390				1,666				1,978					178				323				397				492				194				423				422				627
Net income	$	3,958			$	3,135			$	3,666				$	510			$	919			$	1,129			$	1,400			$	384			$	728			$	797			$	1,226
Return on average allocated capital (1)	11		%		9		%		10		%			6		%		10		%		13		%		16		%		4		%		8		%		9		%		14		%
Efficiency ratio	66.96				68.89				64.73					78.58				68.00				64.15				60.75				78.21				70.68				68.49				61.02
Balance Sheet
Average
Total trading-related assets	$	465,132			$	441,812			$	412,905				$	463,998			$	460,279			$	473,126			$	463,169			$	449,737			$	442,283			$	452,563			$	422,359
Total loans and leases	72,651				71,413				69,641					70,609				71,231				75,053				73,763				73,552				72,347				69,638				70,064
Total earning assets	473,383				449,441				423,579					458,331				459,073				490,482				486,107				464,171				446,754				456,588				429,906
Total assets	666,000				638,675				585,327					655,069				652,481				678,501				678,354				659,412				642,429				645,229				607,012
Total deposits	31,209				32,864				34,239					31,077				30,721				30,736				32,320				34,250				32,125				31,919				33,158
Allocated capital (1)	35,000				35,000				37,000					35,000				35,000				35,000				35,000				35,000				35,000				35,000				35,000
Period end
Total trading-related assets	$	447,998			$	419,375			$	380,562				$	447,998			$	456,643			$	441,657			$	450,512			$	419,375			$	426,371			$	436,193			$	418,259
Total loans and leases	73,928				76,778				72,743					73,928				73,023				73,496				75,638				76,778				76,225				73,973				71,053
Total earning assets	457,224				449,314				397,022					457,224				447,304				454,706				478,857				449,314				441,656				448,613				425,582
Total assets	641,923				629,013				566,062					641,923				646,359				637,110				648,605				629,013				629,224				633,190				603,974
Total deposits	37,841				34,029				34,927					37,841				41,102				31,450				32,301				34,029				33,382				33,363				33,629
Trading-related assets (average)
Trading account securities	$	215,112			$	216,996			$	185,135				$	225,335			$	215,397			$	209,271			$	210,278			$	225,330			$	216,988			$	221,569			$	203,866
Reverse repurchases	125,084				101,795				89,715					119,341				124,842				132,257				123,948				107,125				101,556				101,551				96,835
Securities borrowed	78,889				82,210				87,286					75,374				74,648				83,282				82,376				77,580				81,950				88,041				81,312
Derivative assets	46,047				40,811				50,769					43,948				45,392				48,316				46,567				39,702				41,789				41,402				40,346
Total trading-related assets	$	465,132			$	441,812			$	412,905				$	463,998			$	460,279			$	473,126			$	463,169			$	449,737			$	442,283			$	452,563			$	422,359

(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.

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

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Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
	2018				2017				2016
Net interest income	$	632			$	930			$	990				$	151			$	178			$	144			$	159			$	207			$	168			$	277			$	278
Noninterest income (loss)	(2,257		)		(1,869		)		(307		)			(736		)		(258		)		(681		)		(582		)		(1,614		)		(420		)		556				(391		)
Total revenue, net of interest expense	(1,625		)		(939		)		683					(585		)		(80		)		(537		)		(423		)		(1,407		)		(252		)		833				(113		)
Provision for credit losses	(476		)		(561		)		(100		)			(124		)		(95		)		(105		)		(152		)		(185		)		(191		)		(159		)		(26		)
Noninterest expense	1,881				3,092				4,697					392				471				518				500				394				585				1,206				907
Loss before income taxes	(3,030		)		(3,470		)		(3,914		)			(853		)		(456		)		(950		)		(771		)		(1,616		)		(646		)		(214		)		(994		)
Income tax expense (benefit)	(2,778		)		(668		)		(2,799		)			(915		)		(488		)		(601		)		(774		)		996				(762		)		53				(955		)
Net income (loss)	$	(252	)		$	(2,802	)		$	(1,115	)			$	62			$	32			$	(349	)		$	3			$	(2,612	)		$	116			$	(267	)		$	(39	)
Balance Sheet
Average
Total loans and leases	$	61,013			$	82,489			$	108,735				$	53,324			$	59,930			$	63,155			$	67,811			$	71,197			$	76,546			$	87,667			$	94,873
Total assets (2)	199,978				205,775				247,151					196,704				208,458				187,337				199,298				207,609				205,884				202,983				206,608
Total deposits	21,966				25,194				27,505					19,979				22,118				22,682				23,115				23,899				25,273				26,320				25,297
Period end
Total loans and leases (3)	$	48,061			$	69,452			$	87,499				$	48,061			$	54,978			$	61,256			$	64,584			$	69,452			$	72,823			$	78,830			$	92,711
Total assets (4)	195,466				193,114				211,467					195,466				219,984				189,009				200,956				193,114				211,669				199,741				200,712
Total deposits	18,541				22,719				23,061					18,541				21,375				22,757				22,106				22,719				24,072				26,603				25,147

(1)

All Other consists of ALM activities, equity investments, non-core mortgage loans and servicing activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass certain residential mortgages, debt securities and interest rate and foreign currency risk management activities. Substantially all of the results of ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture, as well as a portfolio of equity, real estate and other alternative investments.

(2)

Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $517.0 billion, $515.6 billion and $500.0 billion for the years ended December 31, 2018, 2017 and 2016; $525.6 billion, $516.3 billion, $519.6 billion and $514.6 billion for the fourth, third, second and first quarters of 2018; and $508.6 billion, $510.1 billion, $521.8 billion and $522.0 billion for the fourth, third, second and first quarters of 2017, respectively.

(3)	The first quarter of 2017 includes $9.5 billion of non-U.S. credit card loans that were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. The Corporation sold its non-U.S. consumer credit card business during the second quarter of 2017.

(4)

Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $540.8 billion, $529.8 billion, $522.2 billion and $543.3 billion at December 31, 2018, September 30, 2018, June 30, 2018 and March 31, 2018, respectively; $520.4 billion, $515.0 billion, $517.7 billion and $543.4 billion at December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017, respectively; and $518.6 billion at December 31, 2016.

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

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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 based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents an adjusted shareholders’ equity or common shareholders’ equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. 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 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 applicable to common shareholders as a percentage of adjusted average total shareholders’ equity. The tangible equity ratio represents adjusted ending shareholders’ equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. 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 financial measures defined by GAAP for the years ended December 31, 2018, 2017 and 2016 and the three months ended December 31, 2018, September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017. 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 supplemental financial data differently.

		Year Ended December 31													Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
		2018				2017				2016
Reconciliation of average shareholders’ equity to average tangible common shareholders’ equity and average tangible shareholders’ equity
Shareholders’ equity		$	264,748			$	271,289			$	265,843				$	263,698			$	264,653			$	265,181			$	265,480			$	273,162			$	273,238			$	270,977			$	267,700
Goodwill		(68,951		)		(69,286		)		(69,750		)			(68,951		)		(68,951		)		(68,951		)		(68,951		)		(68,954		)		(68,969		)		(69,489		)		(69,744		)
Intangible assets (excluding mortgage servicing rights)		(2,058		)		(2,652		)		(3,382		)			(1,857		)		(1,992		)		(2,126		)		(2,261		)		(2,399		)		(2,549		)		(2,743		)		(2,923		)
Related deferred tax liabilities		906				1,463				1,644					874				896				916				939				1,344				1,465				1,506				1,539
Tangible shareholders’ equity		$	194,645			$	200,814			$	194,355				$	193,764			$	194,606			$	195,020			$	195,207			$	203,153			$	203,185			$	200,251			$	196,572
Preferred stock		(22,949		)		(24,188		)		(24,656		)			(22,326		)		(22,841		)		(23,868		)		(22,767		)		(22,324		)		(24,024		)		(25,221		)		(25,220		)
Tangible common shareholders’ equity		$	171,696			$	176,626			$	169,699				$	171,438			$	171,765			$	171,152			$	172,440			$	180,829			$	179,161			$	175,030			$	171,352
Reconciliation of period-end shareholders’ equity to period-end tangible common shareholders’ equity and period-end tangible shareholders’ equity
Shareholders’ equity		$	265,325			$	267,146			$	266,195				$	265,325			$	262,158			$	264,216			$	266,224			$	267,146			$	271,969			$	270,660			$	267,990
Goodwill		(68,951		)		(68,951		)		(69,744		)			(68,951		)		(68,951		)		(68,951		)		(68,951		)		(68,951		)		(68,968		)		(68,969		)		(69,744		)
Intangible assets (excluding mortgage servicing rights)		(1,774		)		(2,312		)		(2,989		)			(1,774		)		(1,908		)		(2,043		)		(2,177		)		(2,312		)		(2,459		)		(2,610		)		(2,827		)
Related deferred tax liabilities		858				943				1,545					858				878				900				920				943				1,435				1,471				1,513
Tangible shareholders’ equity		$	195,458			$	196,826			$	195,007				$	195,458			$	192,177			$	194,122			$	196,016			$	196,826			$	201,977			$	200,552			$	196,932
Preferred stock		(22,326		)		(22,323		)		(25,220		)			(22,326		)		(22,326		)		(23,181		)		(24,672		)		(22,323		)		(22,323		)		(25,220		)		(25,220		)
Tangible common shareholders’ equity		$	173,132			$	174,503			$	169,787				$	173,132			$	169,851			$	170,941			$	171,344			$	174,503			$	179,654			$	175,332			$	171,712
Reconciliation of period-end assets to period-end tangible assets
Assets		$	2,354,507			$	2,281,234			$	2,188,067				$	2,354,507			$	2,338,833			$	2,291,670			$	2,328,478			$	2,281,234			$	2,284,174			$	2,254,714			$	2,247,794
Goodwill		(68,951		)		(68,951		)		(69,744		)			(68,951		)		(68,951		)		(68,951		)		(68,951		)		(68,951		)		(68,968		)		(68,969		)		(69,744		)
Intangible assets (excluding mortgage servicing rights)		(1,774		)		(2,312		)		(2,989		)			(1,774		)		(1,908		)		(2,043		)		(2,177		)		(2,312		)		(2,459		)		(2,610		)		(2,827		)
Related deferred tax liabilities		858				943				1,545					858				878				900				920				943				1,435				1,471				1,513
Tangible assets		$	2,284,640			$	2,210,914			$	2,116,879				$	2,284,640			$	2,268,852			$	2,221,576			$	2,258,270			$	2,210,914			$	2,214,182			$	2,184,606			$	2,176,736
Book value per share of common stock
Common shareholders’ equity		$	242,999			$	244,823			$	240,975				$	242,999			$	239,832			$	241,035			$	241,552			$	244,823			$	249,646			$	245,440			$	242,770
Ending common shares issued and outstanding		9,669.3				10,287.3				10,052.6					9,669.3				9,858.3				10,012.7				10,175.9				10,287.3				10,457.5				9,878.1				9,974.2
Book value per share of common stock		$	25.13			$	23.80			$	23.97				$	25.13			$	24.33			$	24.07			$	23.74			$	23.80			$	23.87			$	24.85			$	24.34
Tangible book value per share of common stock
Tangible common shareholders’ equity		$	173,132			$	174,503			$	169,787				$	173,132			$	169,851			$	170,941			$	171,344			$	174,503			$	179,654			$	175,332			$	171,712
Ending common shares issued and outstanding		9,669.3				10,287.3				10,052.6					9,669.3				9,858.3				10,012.7				10,175.9				10,287.3				10,457.5				9,878.1				9,974.2
Tangible book value per share of common stock		$	17.91			$	16.96			$	16.89				$	17.91			$	17.23			$	17.07			$	16.84			$	16.96			$	17.18			$	17.75			$	17.22

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