July 16, 2025 - THE SUPPLEMENTAL INFORMATION - 8-K: Current report

Supplemental Information
Second Quarter 2025

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

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


Bank of America Corporation and Subsidiaries
Table of Contents			Page


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

Debt Securities			9
Supplemental Financial Data			10
Quarterly Results by Business Segment and All Other			11
Year-to-Date Results by Business Segment and All Other			13
Consumer Banking
Total Segment Results			14
Key Indicators			15

Global Wealth & Investment Management
Total Segment Results			16
Key Indicators			17
Global Banking
Total Segment Results			18
Key Indicators			19

Global Markets
Total Segment Results			20
Key Indicators			21
All Other
Total Results			22
Outstanding Loans and Leases			23
Quarterly Average Loans and Leases by Business Segment and All Other			24
Commercial Credit Exposure by Industry			25

Nonperforming Loans, Leases and Foreclosed Properties			26
Nonperforming Loans, Leases and Foreclosed Properties Activity			27
Quarterly Net Charge-offs and Net Charge-off Ratios			28
Year-to-Date Net Charge-offs and Net Charge-off Ratios			29
Allocation of the Allowance for Credit Losses by Product Type			30

Exhibit A: Non-GAAP Reconciliations			31







Key Performance Indicators

The Corporation presents certain key financial and nonfinancial performance indicators that management uses when assessing consolidated and/or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. Key performance indicators are presented in Consolidated Financial Highlights on page 2 and on the Key Indicators pages for each segment.

Business Segment Operations

The Corporation reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis. Additionally, the results for the total Corporation as presented on pages 11 - 13 are reported on an FTE basis.


Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(In millions, except per share information)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Income statement
Net interest income	$	29,113		$	27,734		$	14,670		$	14,443		$	14,359		$	13,967		$	13,702
Noninterest income	24,716			23,461			11,793			12,923			10,988			11,378			11,675
Total revenue, net of interest expense	53,829			51,195			26,463			27,366			25,347			25,345			25,377
Provision for credit losses	3,072			2,827			1,592			1,480			1,452			1,542			1,508
Noninterest expense	34,953			33,546			17,183			17,770			16,787			16,479			16,309
Income before income taxes	15,804			14,822			7,688			8,116			7,108			7,324			7,560
Pretax, pre-provision income (1)	18,876			17,649			9,280			9,596			8,560			8,866			9,068
Income tax expense	1,292			1,251			572			720			443			428			663
Net income	14,512			13,571			7,116			7,396			6,665			6,896			6,897
Preferred stock dividends	697			847			291			406			266			516			315
Net income applicable to common shareholders	13,815			12,724			6,825			6,990			6,399			6,380			6,582
Diluted earnings per common share	1.79			1.59			0.89			0.90			0.82			0.81			0.83
Average diluted common shares issued and outstanding	7,711.2			7,996.2			7,651.6			7,770.8			7,843.7			7,902.1			7,960.9
Dividends paid per common share	$	0.52		$	0.48		$	0.26		$	0.26		$	0.26		$	0.26		$	0.24

Performance ratios
Return on average assets	0.86		%	0.84		%	0.83		%	0.89		%	0.80		%	0.83		%	0.85		%
Return on average common shareholders’ equity	10.17			9.67			9.98			10.36			9.37			9.44			9.98
Return on average shareholders’ equity	9.87			9.32			9.61			10.14			8.98			9.30			9.45
Return on average tangible common shareholders’ equity (2)	13.67			13.15			13.40			13.94			12.63			12.76			13.57
Return on average tangible shareholders’ equity (2)	12.93			12.25			12.58			13.29			11.78			12.20			12.42
Efficiency ratio	64.93			65.53			64.93			64.93			66.23			65.02			64.26


At period end
Book value per share of common stock	$	37.13		34.39			$	37.13		$	36.39		$	35.79		$	35.37		$	34.39
Tangible book value per share of common stock (2)	27.71			25.37			27.71			27.12			26.58			26.25			25.37
Market capitalization	351,904			309,202			351,904			315,482			334,497			305,090			309,202
Number of financial centers - U.S.	3,664			3,786			3,664			3,681			3,700			3,741			3,786
Number of branded ATMs - U.S.	14,904			14,972			14,904			14,866			14,893			14,900			14,972
Headcount	213,388			212,318			213,388			212,732			213,193			213,491			212,318

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

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

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


Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(In millions, except per share information)
	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024
Net interest income
Interest income	$	68,939	$	73,139	$	34,873	$	34,066	$	35,977	$	37,491	$	36,854
Interest expense	39,826		45,405		20,203		19,623		21,618		23,524		23,152
Net interest income	29,113		27,734		14,670		14,443		14,359		13,967		13,702

Noninterest income
Fees and commissions	18,884		17,629		9,469		9,415		9,543		9,119		8,969
Market making and similar activities	6,737		7,186		3,153		3,584		2,503		3,278		3,298
Other income (loss)	(905)		(1,354)		(829)		(76)		(1,058)		(1,019)		(592)
Total noninterest income	24,716		23,461		11,793		12,923		10,988		11,378		11,675
Total revenue, net of interest expense	53,829		51,195		26,463		27,366		25,347		25,345		25,377

Provision for credit losses	3,072		2,827		1,592		1,480		1,452		1,542		1,508

Noninterest expense
Compensation and benefits	21,221		20,021		10,332		10,889		10,245		9,916		9,826
Information processing and communications	3,713		3,563		1,819		1,894		1,884		1,784		1,763
Occupancy and equipment	3,692		3,629		1,836		1,856		1,824		1,836		1,818
Product delivery and transaction related	1,888		1,742		974		914		903		849		891

Professional fees	1,292		1,202		640		652		744		723		654
Marketing	1,069		942		563		506		510		504		487
Other general operating	2,078		2,447		1,019		1,059		677		867		870
Total noninterest expense	34,953		33,546		17,183		17,770		16,787		16,479		16,309
Income before income taxes	15,804		14,822		7,688		8,116		7,108		7,324		7,560
Income tax expense (benefit)	1,292		1,251		572		720		443		428		663
Net income	$	14,512	$	13,571	$	7,116	$	7,396	$	6,665	$	6,896	$	6,897
Preferred stock dividends	697		847		291		406		266		516		315

Net income applicable to common shareholders	$	13,815	$	12,724	$	6,825	$	6,990	$	6,399	$	6,380	$	6,582

Per common share information
Earnings	$	1.81	$	1.60	$	0.90	$	0.91	$	0.83	$	0.82	$	0.83
Diluted earnings	1.79		1.59		0.89		0.90		0.82		0.81		0.83
Average common shares issued and outstanding	7,629.5		7,933.3		7,581.2		7,677.9		7,738.4		7,818.0		7,897.9
Average diluted common shares issued and outstanding	7,711.2		7,996.2		7,651.6		7,770.8		7,843.7		7,902.1		7,960.9


Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024
Net income	$	14,512	$	13,571	$	7,116	$	7,396	$	6,665	$	6,896	$	6,897
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	51		27		(315)		366		(286)		417		(305)
Net change in debit valuation adjustments	144		(135)		(153)		297		8		—		53
Net change in derivatives	2,509		270		1,196		1,313		(672)		2,830		686
Employee benefit plan adjustments	53		48		26		27		56		27		25
Net change in foreign currency translation adjustments	24		(51)		13		11		(57)		21		(31)
Other comprehensive income (loss)	2,781		159		767		2,014		(951)		3,295		428
Comprehensive income	$	17,293	$	13,730	$	7,883	$	9,410	$	5,714	$	10,191	$	7,325

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


Bank of America Corporation and Subsidiaries
Net Interest Income and Noninterest Income
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024
Net interest income
Interest income
Loans and leases	$	30,874	$	30,578	$	15,651	$	15,223	$	15,690	$	15,725	$	15,338
Debt securities	13,680		12,462		6,913		6,767		6,712		6,833		6,325
Federal funds sold and securities borrowed or purchased under agreements to resell	7,868		10,334		4,094		3,774		4,381		5,196		5,159
Trading account assets	6,065		4,971		3,057		3,008		2,679		2,726		2,516
Other interest income	10,452		14,794		5,158		5,294		6,515		7,011		7,516
Total interest income	68,939		73,139		34,873		34,066		35,977		37,491		36,854

Interest expense
Deposits	17,313		18,793		8,681		8,632		9,524		10,125		9,655
Short-term borrowings	14,398		17,605		7,435		6,963		7,993		8,940		9,070
Trading account liabilities	1,383		1,086		676		707		567		538		540
Long-term debt	6,732		7,921		3,411		3,321		3,534		3,921		3,887
Total interest expense	39,826		45,405		20,203		19,623		21,618		23,524		23,152
Net interest income	$	29,113	$	27,734	$	14,670	$	14,443	$	14,359	$	13,967	$	13,702

Noninterest income
Fees and commissions
Card income
Interchange fees (1)	$	1,952	$	1,954	$	1,036	$	916	$	1,029	$	1,030	$	1,023
Other card income	1,212		1,090		610		602		593		588		558
Total card income	3,164		3,044		1,646		1,518		1,622		1,618		1,581
Service charges
Deposit-related fees	2,493		2,294		1,265		1,228		1,216		1,198		1,172
Lending-related fees	683		655		350		333		338		354		335
Total service charges	3,176		2,949		1,615		1,561		1,554		1,552		1,507
Investment and brokerage services
Asset management fees	7,436		6,640		3,698		3,738		3,702		3,533		3,370
Brokerage fees	2,157		1,867		1,082		1,075		1,011		1,013		950
Total investment and brokerage services	9,593		8,507		4,780		4,813		4,713		4,546		4,320
Investment banking fees
Underwriting income	1,576		1,770		806		770		763		742		869
Syndication fees	658		612		289		369		335		274		318
Financial advisory services	717		747		333		384		556		387		374
Total investment banking fees	2,951		3,129		1,428		1,523		1,654		1,403		1,561
Total fees and commissions	18,884		17,629		9,469		9,415		9,543		9,119		8,969
Market making and similar activities	6,737		7,186		3,153		3,584		2,503		3,278		3,298
Other income (loss)	(905)		(1,354)		(829)		(76)		(1,058)		(1,019)		(592)
Total noninterest income	$	24,716	$	23,461	$	11,793	$	12,923	$	10,988	$	11,378	$	11,675

(1)Gross interchange fees and merchant income were $6.8 billion and $6.7 billion and are presented net of $4.8 billion and $4.7 billion of expenses for rewards and partner payments as well as certain other card costs for the six months ended June 30, 2025 and 2024. Gross interchange fees and merchant income were $3.5 billion, $3.3 billion, $3.5 billion, $3.4 billion and $3.5 billion and are presented net of $2.4 billion, $2.4 billion, $2.4 billion, $2.4 billion and $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the second and first quarters of 2025 and the fourth, third and second quarters of 2024, respectively.

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


Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
		June 30 2025		March 31 2025		June 30 2024
Assets
Cash and due from banks		$	26,661	$	24,734	$	25,849
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks		239,350		248,845		294,783
Cash and cash equivalents		266,011		273,579		320,632
Time deposits placed and other short-term investments		9,377		7,282		8,369
Federal funds sold and securities borrowed or purchased under agreements to resell		352,392		328,365		337,752
Trading account assets		356,584		339,614		306,466
Derivative assets		42,711		36,206		35,956
Debt securities:
Carried at fair value		388,930		388,559		301,051
Held-to-maturity, at cost		541,286		550,720		577,366
Total debt securities		930,216		939,279		878,417
Loans and leases		1,147,056		1,110,625		1,056,785
Allowance for loan and lease losses		(13,291)		(13,256)		(13,238)
Loans and leases, net of allowance		1,133,765		1,097,369		1,043,547
Premises and equipment, net		12,254		12,151		11,917
Goodwill		69,021		69,021		69,021
Loans held-for-sale		5,401		6,867		7,043
Customer and other receivables		93,964		80,329		80,978
Other assets		169,446		159,362		157,898
Total assets		$	3,441,142	$	3,349,424	$	3,257,996

Liabilities
Deposits in U.S. offices:
Noninterest-bearing		$	514,530	$	513,905	$	503,037
Interest-bearing		1,363,483		1,346,423		1,291,853
Deposits in non-U.S. offices:
Noninterest-bearing		14,440		16,105		14,573
Interest-bearing		119,160		113,131		101,028
Total deposits		2,011,613		1,989,564		1,910,491
Federal funds purchased and securities loaned or sold under agreements to repurchase		399,460		376,070		368,106
Trading account liabilities		107,426		105,470		100,345
Derivative liabilities		41,693		35,365		40,508
Short-term borrowings		47,891		41,470		40,429
Accrued expenses and other liabilities		220,042		201,758		213,751
Long-term debt		313,418		304,146		290,474
Total liabilities		3,141,543		3,053,843		2,964,104
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,891,164, 3,771,164 and 4,013,928 shares		23,495		20,499		26,548
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,436,679,485, 7,560,084,716 and 7,774,753,442 shares		36,428		41,038		51,376
Retained earnings		252,180		247,315		233,597
Accumulated other comprehensive income (loss)		(12,504)		(13,271)		(17,629)
Total shareholders’ equity		299,599		295,581		293,892
Total liabilities and shareholders’ equity		$	3,441,142	$	3,349,424	$	3,257,996

	Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
	Trading account assets	$	5,668	$	6,062	$	5,647
	Loans and leases	18,617		18,045		19,827
	Allowance for loan and lease losses	(917)		(911)		(917)
	Loans and leases, net of allowance	17,700		17,134		18,910

	All other assets	633		608		281
	Total assets of consolidated variable interest entities	$	24,001	$	23,804	$	24,838

	Liabilities of consolidated variable interest entities included in total liabilities above
	Short-term borrowings	$	4,359	$	4,289	$	3,343
	Long-term debt	8,839		8,368		9,137
	All other liabilities	23		30		22
	Total liabilities of consolidated variable interest entities	$	13,221	$	12,687	$	12,502

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


Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	June 30 2025			March 31 2025			June 30 2024
Risk-based capital metrics (1):
Standardized Approach
Common equity tier 1 capital	$	201,200		$	201,177		$	198,119
Tier 1 capital	224,684			221,666			224,641
Total capital	259,487			256,466			251,434
Risk-weighted assets	1,749,857			1,711,025			1,661,439
Common equity tier 1 capital ratio	11.5		%	11.8		%	11.9		%
Tier 1 capital ratio	12.8			13.0			13.5
Total capital ratio	14.8			15.0			15.1

Advanced Approaches
Common equity tier 1 capital	$	201,200		$	201,177		$	198,119
Tier 1 capital	224,684			221,666			224,641
Total capital	248,977			245,995			241,423
Risk-weighted assets	1,547,694			1,513,856			1,468,729
Common equity tier 1 capital ratio	13.0		%	13.3		%	13.5		%
Tier 1 capital ratio	14.5			14.6			15.3
Total capital ratio	16.1			16.2			16.4

Leverage-based metrics (1):
Adjusted average assets	$	3,353,376		$	3,272,037		$	3,196,465
Tier 1 leverage ratio	6.7		%	6.8		%	7.0		%

Supplementary leverage exposure	$	3,953,221		$	3,859,796		$	3,756,535
Supplementary leverage ratio	5.7		%	5.7		%	6.0		%

Total ending equity to total ending assets ratio	8.7			8.8			9.0
Common equity ratio	8.0			8.2			8.2
Tangible equity ratio (2)	6.8			6.9			7.0
Tangible common equity ratio (2)	6.1			6.3			6.2

(1)Regulatory capital ratios at June 30, 2025 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach at June 30, 2025 and June 30, 2024, and the Tier 1 capital ratio under the Standardized approach at March 31, 2025.

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

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


Bank of America Corporation and Subsidiaries
Capital Composition under Basel 3
(Dollars in millions)
	June 30 2025		March 31 2025		June 30 2024
Total common shareholders' equity	$	276,104	$	275,082	$	267,344
CECL transitional amount (1)	—		—		627
Goodwill, net of related deferred tax liabilities	(68,649)		(68,649)		(68,648)
Deferred tax assets arising from net operating loss and tax credit carryforwards	(8,452)		(8,419)		(8,074)
Intangibles, other than mortgage servicing rights, net of related deferred tax liabilities	(1,410)		(1,425)		(1,467)
Defined benefit pension plan net assets, net-of-tax	(817)		(800)		(787)
Cumulative unrealized net (gain) loss related to changes in fair value of financial liabilities attributable to own creditworthiness, net-of-tax	1,349		1,173		1,511
Accumulated net (gain) loss on certain cash flow hedges (2)	3,094		4,298		7,762
Other	(19)		(83)		(149)
Common equity tier 1 capital	201,200		201,177		198,119
Qualifying preferred stock, net of issuance cost	23,494		20,498		26,547
Other	(10)		(9)		(25)
Tier 1 capital	224,684		221,666		224,641
Tier 2 capital instruments	20,612		20,650		13,583
Qualifying allowance for credit losses (3)	14,499		14,442		13,564
Other	(308)		(292)		(354)
Total capital under the Standardized approach	259,487		256,466		251,434
Adjustment in qualifying allowance for credit losses under the Advanced approaches (3)	(10,510)		(10,471)		(10,011)
Total capital under the Advanced approaches	$	248,977	$	245,995	$	241,423

(1)June 30, 2024 includes 25 percent of the current expected credit losses (CECL) transition provision’s impact as of December 31, 2021. As of January 1, 2025, CECL transition provision’s impact is fully phased-in.

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

(3)June 30, 2024 includes the impact of transition provisions related to the CECL accounting standard.

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


Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Second Quarter 2025						First Quarter 2025						Second Quarter 2024
	Average Balance		Interest Income/ Expense (1)		Yield/ Rate		Average Balance		Interest Income/ Expense (1)		Yield/ Rate		Average Balance		Interest Income/ Expense (1)		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	274,839	$	2,843	4.15	%	$	272,012	$	2,810	4.19	%	$	345,423	$	4,498	5.24	%
Time deposits placed and other short-term investments	10,405		89		3.43		9,202		92		4.04		10,845		123		4.55
Federal funds sold and securities borrowed or purchased under agreements to resell	353,331		4,094		4.65		322,012		3,774		4.75		318,380		5,159		6.52
Trading account assets	234,282		3,081		5.27		231,437		3,034		5.31		202,295		2,542		5.05
Debt securities	933,065		6,932		2.96		923,747		6,786		2.95		852,427		6,352		2.98
Loans and leases (2)
Residential mortgage	235,130		2,031		3.46		228,638		1,916		3.36		227,567		1,824		3.21
Home equity	26,190		379		5.80		25,849		366		5.74		25,529		405		6.38
Credit card	100,013		2,846		11.41		100,173		2,838		11.49		98,983		2,825		11.48

Direct/Indirect and other consumer	108,955		1,484		5.47		106,847		1,432		5.43		103,689		1,428		5.54

Total consumer	470,288		6,740		5.74		461,507		6,552		5.74		455,768		6,482		5.71
U.S. commercial	427,194		5,709		5.36		411,783		5,427		5.34		386,232		5,267		5.49
Non-U.S. commercial	149,044		2,016		5.42		138,853		2,058		6.01		123,094		2,170		7.09
Commercial real estate	65,847		1,023		6.23		65,751		1,020		6.29		71,345		1,285		7.24
Commercial lease financing	16,080		214		5.33		15,844		215		5.46		15,033		196		5.22
Total commercial	658,165		8,962		5.46		632,231		8,720		5.59		595,704		8,918		6.02
Total loans and leases	1,128,453		15,702		5.58		1,093,738		15,272		5.65		1,051,472		15,400		5.89
Other earning assets	115,831		2,277		7.89		114,695		2,443		8.63		107,093		2,940		11.04
Total earning assets	3,050,206		35,018		4.60		2,966,843		34,211		4.67		2,887,935		37,014		5.15
Cash and due from banks	24,781						23,700						24,208
Other assets, less allowance for loan and lease losses	357,747						360,880						362,845
Total assets	$	3,432,734					$	3,351,423					$	3,274,988
Interest-bearing liabilities
U.S. interest-bearing deposits

Demand and money market deposits	$	968,586	$	4,719	1.95	%	$	966,678	$	4,638	1.95	%	$	941,109	$	5,234	2.24	%

Time and savings deposits	369,446		3,018		3.28		364,554		3,007		3.34		348,689		3,331		3.84
Total U.S. interest-bearing deposits	1,338,032		7,737		2.32		1,331,232		7,645		2.33		1,289,798		8,565		2.67




Non-U.S. interest-bearing deposits	121,921		944		3.11		116,733		987		3.42		106,496		1,090		4.12
Total interest-bearing deposits	1,459,953		8,681		2.38		1,447,965		8,632		2.42		1,396,294		9,655		2.78
Federal funds purchased and securities loaned or sold under agreements to repurchase	414,655		4,946		4.78		385,091		4,629		4.87		371,372		6,171		6.68
Short-term borrowings and other interest-bearing liabilities	183,008		2,489		5.45		160,226		2,334		5.91		152,742		2,899		7.64
Trading account liabilities	53,805		676		5.04		53,678		707		5.34		53,895		540		4.03
Long-term debt	249,104		3,411		5.49		241,036		3,321		5.56		243,689		3,887		6.40
Total interest-bearing liabilities	2,360,525		20,203		3.43		2,287,996		19,623		3.47		2,217,992		23,152		4.20
Noninterest-bearing sources
Noninterest-bearing deposits	513,808						510,367						513,631
Other liabilities (3)	261,484						257,273						249,962
Shareholders’ equity	296,917						295,787						293,403
Total liabilities and shareholders’ equity	$	3,432,734					$	3,351,423					$	3,274,988
Net interest spread					1.17	%					1.20	%					0.95	%
Impact of noninterest-bearing sources					0.77						0.79						0.98
Net interest income/yield on earning assets (4)			$	14,815	1.94	%			$	14,588	1.99	%			$	13,862	1.93	%

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

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

(3)Includes $58.8 billion, $53.7 billion and $46.6 billion of structured notes and liabilities for the second and first quarters of 2025 and the second quarter of 2024, respectively.

(4)Net interest income includes FTE adjustments of $145 million, $145 million and $160 million for the second and first quarters of 2025 and the second quarter of 2024, respectively.

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


Bank of America Corporation and Subsidiaries
Debt Securities
(Dollars in millions)
	June 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	30,730	$	22	$	(1,538)	$	29,214
Agency-collateralized mortgage obligations	18,990		6		(199)		18,797
Commercial	31,342		76		(501)		30,917
Non-agency residential	277		53		(53)		277
Total mortgage-backed securities	81,339		157		(2,291)		79,205
U.S. Treasury and government agencies	262,218		138		(1,198)		261,158
Non-U.S. securities	26,384		58		(20)		26,422
Other taxable securities	3,261		3		(37)		3,227

Tax-exempt securities	8,203		18		(200)		8,021
Total available-for-sale debt securities	381,405		374		(3,746)		378,033
Other debt securities carried at fair value (1)	10,664		311		(78)		10,897
Total debt securities carried at fair value	392,069		685		(3,824)		388,930
Held-to-maturity debt securities
Agency mortgage-backed securities	413,305		—		(78,149)		335,156
U.S. Treasury and government agencies	121,471		—		(14,139)		107,332
Other taxable securities	6,546		2		(857)		5,691
Total held-to-maturity debt securities	541,322		2		(93,145)		448,179
Total debt securities	$	933,391	$	687	$	(96,969)	$	837,109


	March 31, 2025
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	31,974	$	42	$	(1,448)	$	30,568
Agency-collateralized mortgage obligations	20,718		13		(198)		20,533
Commercial	30,030		85		(465)		29,650
Non-agency residential	282		52		(52)		282
Total mortgage-backed securities	83,004		192		(2,163)		81,033
U.S. Treasury and government agencies	260,631		213		(999)		259,845
Non-U.S. securities	23,956		26		(18)		23,964
Other taxable securities	3,032		3		(38)		2,997

Tax-exempt securities	8,601		15		(206)		8,410
Total available-for-sale debt securities	379,224		449		(3,424)		376,249
Other debt securities carried at fair value (1)	12,306		114		(110)		12,310
Total debt securities carried at fair value	391,530		563		(3,534)		388,559
Held-to-maturity debt securities
Agency mortgage-backed securities	422,326		—		(79,614)		342,712
U.S. Treasury and government agencies	121,708		—		(15,826)		105,882
Other taxable securities	6,722		2		(910)		5,814
Total held-to-maturity debt securities	550,756		2		(96,350)		454,408
Total debt securities	$	942,286	$	565	$	(99,884)	$	842,967

(1) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements.

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


Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)

	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024






FTE basis data (1)
Net interest income	$	29,403		$	28,052		$	14,815		$	14,588		$	14,513		$	14,114		$	13,862
Total revenue, net of interest expense	54,119			51,513			26,608			27,511			25,501			25,492			25,537
Net interest yield	1.96		%	1.96		%	1.94		%	1.99		%	1.97		%	1.92		%	1.93		%
Efficiency ratio	64.58			65.12			64.58			64.59			65.83			64.64			63.86

(1)FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. Net interest income includes FTE adjustments of $290 million and $318 million for the six months ended June 30, 2025 and 2024, $145 million and $145 million for the second and first quarters of 2025, and $154 million, $147 million and $160 million for the fourth, third and second quarters of 2024, respectively.

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


Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Second Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	14,815	$	8,726	$	1,762	$	3,081	$	1,267	$	(21)
Noninterest income
Fees and commissions:
Card income	1,646		1,415		10		207		19		(5)
Service charges	1,615		627		28		864		94		2
Investment and brokerage services	4,780		85		4,033		23		642		(3)
Investment banking fees	1,428		—		65		767		666		(70)
Total fees and commissions	9,469		2,127		4,136		1,861		1,421		(76)
Market making and similar activities	3,153		6		28		68		3,300		(249)
Other income (loss)	(829)		(46)		11		680		(8)		(1,466)
Total noninterest income (loss)	11,793		2,087		4,175		2,609		4,713		(1,791)
Total revenue, net of interest expense	26,608		10,813		5,937		5,690		5,980		(1,812)
Provision for credit losses	1,592		1,282		20		277		22		(9)
Noninterest expense	17,183		5,567		4,593		3,070		3,806		147
Income (loss) before income taxes	7,833		3,964		1,324		2,343		2,152		(1,950)
Income tax expense (benefit)	717		991		331		644		624		(1,873)
Net income (loss)	$	7,116	$	2,973	$	993	$	1,699	$	1,528	$	(77)

Average
Total loans and leases	$	1,128,453	$	319,142	$	237,377	$	387,864	$	176,368	$	7,702
Total assets (1)	3,432,734		1,033,776		320,224		703,874		1,023,011		351,849
Total deposits	1,973,761		951,986		276,825		603,410		38,040		103,500
Period end
Total loans and leases	$	1,147,056	$	320,908	$	241,142	$	390,691	$	187,357	$	6,958
Total assets (1)	3,441,142		1,037,407		320,820		739,759		1,017,649		325,507
Total deposits	2,011,613		954,373		275,778		643,529		38,232		99,701

	First Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	14,588	$	8,505	$	1,765	$	3,151	$	1,189	$	(22)
Noninterest income
Fees and commissions:
Card income	1,518		1,297		10		202		14		(5)
Service charges	1,561		618		27		826		89		1
Investment and brokerage services	4,813		83		4,089		18		627		(4)
Investment banking fees	1,523		—		69		847		681		(74)
Total fees and commissions	9,415		1,998		4,195		1,893		1,411		(82)
Market making and similar activities	3,584		8		34		66		3,622		(146)
Other income (loss)	(76)		(18)		22		867		362		(1,309)
Total noninterest income (loss)	12,923		1,988		4,251		2,826		5,395		(1,537)
Total revenue, net of interest expense	27,511		10,493		6,016		5,977		6,584		(1,559)
Provision for credit losses	1,480		1,292		14		154		28		(8)
Noninterest expense	17,770		5,826		4,659		3,184		3,811		290
Income (loss) before income taxes	8,261		3,375		1,343		2,639		2,745		(1,841)
Income tax expense (benefit)	865		844		336		726		796		(1,837)
Net income (loss)	$	7,396	$	2,531	$	1,007	$	1,913	$	1,949	$	(4)

Average
Total loans and leases	$	1,093,738	$	315,038	$	232,326	$	378,733	$	159,625	$	8,016
Total assets (1)	3,351,423		1,029,320		330,607		674,322		969,340		347,834
Total deposits	1,958,332		947,550		286,399		575,185		38,809		110,389
Period end
Total loans and leases	$	1,110,625	$	318,337	$	234,304	$	384,208	$	166,348	$	7,428
Total assets (1)	3,349,424		1,054,637		329,816		687,702		959,533		317,736
Total deposits	1,989,564		972,064		285,063		591,619		38,268		102,550

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

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


Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Second Quarter 2024
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	13,862	$	8,118	$	1,693	$	3,275	$	770	$	6
Noninterest income
Fees and commissions:
Card income	1,581		1,361		9		198		20		(7)
Service charges	1,507		614		24		775		93		1
Investment and brokerage services	4,320		78		3,707		21		516		(2)
Investment banking fees	1,561		—		57		835		719		(50)
Total fees and commissions	8,969		2,053		3,797		1,829		1,348		(58)
Market making and similar activities	3,298		6		38		78		3,218		(42)
Other income (loss)	(592)		29		46		871		123		(1,661)
Total noninterest income (loss)	11,675		2,088		3,881		2,778		4,689		(1,761)
Total revenue, net of interest expense	25,537		10,206		5,574		6,053		5,459		(1,755)
Provision for credit losses	1,508		1,281		7		235		(13)		(2)
Noninterest expense	16,309		5,464		4,199		2,899		3,486		261
Income (loss) before income taxes	7,720		3,461		1,368		2,919		1,986		(2,014)
Income tax expense (benefit)	823		866		342		803		576		(1,764)
Net income (loss)	$	6,897	$	2,595	$	1,026	$	2,116	$	1,410	$	(250)

Average
Total loans and leases	$	1,051,472	$	312,254	$	222,776	$	372,738	$	135,106	$	8,598
Total assets (1)	3,274,988		1,029,777		330,958		624,189		908,525		381,539
Total deposits	1,909,925		949,180		287,678		525,357		31,944		115,766
Period end
Total loans and leases	$	1,056,785	$	312,801	$	224,837	$	372,421	$	138,441	$	8,285
Total assets (1)	3,257,996		1,033,960		324,476		620,217		887,162		392,181
Total deposits	1,910,491		952,473		281,283		522,525		33,151		121,059

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

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


Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment and All Other
(Dollars in millions)
	Six Months Ended June 30, 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	29,403	$	17,231	$	3,527	$	6,232	$	2,456	$	(43)
Noninterest income
Fees and commissions:
Card income	3,164		2,712		20		409		33		(10)
Service charges	3,176		1,245		55		1,690		183		3
Investment and brokerage services	9,593		168		8,122		41		1,269		(7)
Investment banking fees	2,951		—		134		1,614		1,347		(144)
Total fees and commissions	18,884		4,125		8,331		3,754		2,832		(158)
Market making and similar activities	6,737		14		62		134		6,922		(395)
Other income (loss)	(905)		(64)		33		1,547		354		(2,775)
Total noninterest income (loss)	24,716		4,075		8,426		5,435		10,108		(3,328)
Total revenue, net of interest expense	54,119		21,306		11,953		11,667		12,564		(3,371)
Provision for credit losses	3,072		2,574		34		431		50		(17)
Noninterest expense	34,953		11,393		9,252		6,254		7,617		437
Income (loss) before income taxes	16,094		7,339		2,667		4,982		4,897		(3,791)
Income tax expense (benefit)	1,582		1,835		667		1,370		1,420		(3,710)
Net income (loss)	$	14,512	$	5,504	$	2,000	$	3,612	$	3,477	$	(81)

Average
Total loans and leases	$	1,111,191	$	317,101	$	234,866	$	383,324	$	168,043	$	7,857
Total assets (1)	3,392,303		1,031,560		325,387		689,180		996,323		349,853
Total deposits	1,966,089		949,780		281,586		589,375		38,423		106,925
Period end
Total loans and leases	$	1,147,056	$	320,908	$	241,142	$	390,691	$	187,357	$	6,958
Total assets (1)	3,441,142		1,037,407		320,820		739,759		1,017,649		325,507
Total deposits	2,011,613		954,373		275,778		643,529		38,232		99,701

	Six Months Ended June 30, 2024
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	28,052	$	16,315	$	3,507	$	6,735	$	1,451	$	44
Noninterest income
Fees and commissions:
Card income	3,044		2,633		19		386		37		(31)
Service charges	2,949		1,192		47		1,525		183		2
Investment and brokerage services	8,507		156		7,307		39		1,011		(6)
Investment banking fees	3,129		—		120		1,685		1,427		(103)
Total fees and commissions	17,629		3,981		7,493		3,635		2,658		(138)
Market making and similar activities	7,186		11		72		146		7,048		(91)
Other income (loss)	(1,354)		65		93		1,517		185		(3,214)
Total noninterest income (loss)	23,461		4,057		7,658		5,298		9,891		(3,443)
Total revenue, net of interest expense	51,513		20,372		11,165		12,033		11,342		(3,399)
Provision for credit losses	2,827		2,431		(6)		464		(49)		(13)
Noninterest expense	33,546		10,939		8,463		5,911		6,978		1,255
Income (loss) before income taxes	15,140		7,002		2,708		5,658		4,413		(4,641)
Income tax expense (benefit)	1,569		1,751		677		1,556		1,280		(3,695)
Net income (loss)	$	13,571	$	5,251	$	2,031	$	4,102	$	3,133	$	(946)

Average
Total loans and leases	$	1,049,681	$	312,646	$	220,696	$	373,173	$	134,431	$	8,735
Total assets (1)	3,261,071		1,031,439		336,039		623,631		901,952		368,010
Total deposits	1,908,693		950,823		292,525		525,528		32,265		107,552
Period end
Total loans and leases	$	1,056,785	$	312,801	$	224,837	$	372,421	$	138,441	$	8,285
Total assets (1)	3,257,996		1,033,960		324,476		620,217		887,162		392,181
Total deposits	1,910,491		952,473		281,283		522,525		33,151		121,059

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

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


Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Net interest income	$	17,231		$	16,315		$	8,726		$	8,505		$	8,485		$	8,278		$	8,118
Noninterest income:
Card income	2,712			2,633			1,415			1,297			1,397			1,402			1,361
Service charges	1,245			1,192			627			618			622			631			614

All other income	118			232			45			73			142			107			113
Total noninterest income	4,075			4,057			2,087			1,988			2,161			2,140			2,088
Total revenue, net of interest expense	21,306			20,372			10,813			10,493			10,646			10,418			10,206

Provision for credit losses	2,574			2,431			1,282			1,292			1,254			1,302			1,281

Noninterest expense	11,393			10,939			5,567			5,826			5,631			5,534			5,464
Income before income taxes	7,339			7,002			3,964			3,375			3,761			3,582			3,461
Income tax expense	1,835			1,751			991			844			940			895			866
Net income	$	5,504		$	5,251		$	2,973		$	2,531		$	2,821		$	2,687		$	2,595

Net interest yield	3.49		%	3.30		%	3.51		%	3.48		%	3.42		%	3.35		%	3.29		%
Efficiency ratio	53.48			53.70			51.48			55.53			52.89			53.12			53.54
Return on average allocated capital (1)	25			24			27			23			26			25			24

Balance Sheet
Average
Total loans and leases	$	317,101		$	312,646		$	319,142		$	315,038		$	316,069		$	313,781		$	312,254
Total earning assets (2)	994,233			993,931			996,193			992,252			985,990			982,058			992,304
Total assets (2)	1,031,560			1,031,439			1,033,776			1,029,320			1,023,388			1,019,085			1,029,777
Total deposits	949,780			950,823			951,986			947,550			942,302			938,364			949,180
Allocated capital (1)	44,000			43,250			44,000			44,000			43,250			43,250			43,250

Period end
Total loans and leases	$	320,908		$	312,801		$	320,908		$	318,337		$	318,754		$	316,097		$	312,801
Total earning assets (2)	999,094			995,348			999,094			1,016,785			995,369			988,856			995,348
Total assets (2)	1,037,407			1,033,960			1,037,407			1,054,637			1,034,370			1,026,293			1,033,960
Total deposits	954,373			952,473			954,373			972,064			952,311			944,358			952,473

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

(2) Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity.

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


Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Average deposit balances
Checking	$	553,804		$	549,059		$	556,030		$	551,555		$	547,060		$	542,267		$	549,514
Savings	53,031			56,843			53,077			52,985			52,812			54,128			56,285
MMS	239,845			261,540			238,285			241,423			242,257			248,200			257,023
CDs and IRAs	99,498			79,594			100,957			98,023			96,630			90,172			82,566
Other	3,602			3,787			3,637			3,564			3,543			3,597			3,792
Total average deposit balances	$	949,780		$	950,823		$	951,986		$	947,550		$	942,302		$	938,364		$	949,180

Deposit spreads (excludes noninterest costs)
Checking	2.85		%	2.56		%	2.90		%	2.81		%	2.75		%	2.71		%	2.62		%
Savings	3.17			2.85			3.21			3.13			3.05			2.98			2.90
MMS	3.42			3.24			3.45			3.38			3.32			3.32			3.28
CDs and IRAs	1.53			2.02			1.49			1.57			1.63			1.85			2.00
Other	4.22			5.18			4.18			4.26			4.43			5.07			5.18
Total deposit spreads	2.88			2.73			2.91			2.85			2.81			2.81			2.77

Consumer investment assets (1)	$	539,727		$	476,116		$	539,727		$	497,680		$	517,835		$	496,582		$	476,116

Active digital banking users (in thousands) (2)	48,998			47,304			48,998			49,028			48,150			47,830			47,304
Active mobile banking users (in thousands) (3)	40,840			38,988			40,840			40,492			39,958			39,638			38,988
Financial centers	3,664			3,786			3,664			3,681			3,700			3,741			3,786
ATMs	14,904			14,972			14,904			14,866			14,893			14,900			14,972

Total credit card (4)
Loans
Average credit card outstandings	$	100,092		$	99,399		$	100,013		$	100,173		$	100,938		$	99,908		$	98,983
Ending credit card outstandings	101,209			99,450			101,209			99,731			103,566			100,842			99,450
Credit quality
Net charge-offs	$	1,955		$	1,854		$	954		$	1,001		$	963		$	928		$	955
	3.94		%	3.75		%	3.82		%	4.05		%	3.79		%	3.70		%	3.88		%
30+ delinquency	$	2,388		$	2,415		$	2,388		$	2,497		$	2,638		$	2,563		$	2,415
	2.36		%	2.43		%	2.36		%	2.50		%	2.55		%	2.54		%	2.43		%
90+ delinquency	$	1,257		$	1,257		$	1,257		$	1,334		$	1,401		$	1,306		$	1,257
	1.24		%	1.26		%	1.24		%	1.34		%	1.35		%	1.30		%	1.26		%
Other total credit card indicators (4)
Gross interest yield	12.09		%	12.28		%	12.06		%	12.12		%	12.15		%	12.49		%	12.32		%
Risk-adjusted margin	6.88			6.78			7.07			6.68			7.12			7.22			6.75
New accounts (in thousands)	1,747			1,949			834			913			901			970			951
Purchase volumes	$	183,022		$	180,307		$	94,814		$	88,208		$	95,962		$	92,592		$	93,296

Debit card data
Purchase volumes	$	289,485		$	272,753		$	149,288		$	140,197		$	144,895		$	139,352		$	140,346

Loan production (5)
Consumer Banking:
First mortgage	$	4,909		$	4,384		$	3,052		$	1,857		$	3,184		$	2,684		$	2,696
Home equity	4,075			3,627			2,241			1,834			1,926			1,897			2,027
Total (6):
First mortgage	$	11,112		$	9,171		$	6,604		$	4,508		$	6,585		$	5,348		$	5,728
Home equity	4,980			4,284			2,766			2,214			2,311			2,289			2,393

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

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

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

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

(5) Loan production amounts represent the unpaid principal balance of loans and, in the case of home equity, the principal amount of the total line of credit.

(6) In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.

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


Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Net interest income	$	3,527		$	3,507		$	1,762		$	1,765		$	1,753		$	1,709		$	1,693
Noninterest income:
Investment and brokerage services	8,122			7,307			4,033			4,089			4,057			3,874			3,707
All other income	304			351			142			162			192			179			174
Total noninterest income	8,426			7,658			4,175			4,251			4,249			4,053			3,881
Total revenue, net of interest expense	11,953			11,165			5,937			6,016			6,002			5,762			5,574

Provision for credit losses	34			(6)			20			14			3			7			7

Noninterest expense	9,252			8,463			4,593			4,659			4,438			4,340			4,199
Income before income taxes	2,667			2,708			1,324			1,343			1,561			1,415			1,368
Income tax expense	667			677			331			336			390			354			342
Net income	$	2,000		$	2,031		$	993		$	1,007		$	1,171		$	1,061		$	1,026

Net interest yield	2.28		%	2.19		%	2.31		%	2.26		%	2.21		%	2.20		%	2.15		%
Efficiency ratio	77.40			75.80			77.36			77.44			73.93			75.32			75.34

Return on average allocated capital (1)	21			22			20			21			25			23			22

Balance Sheet
Average
Total loans and leases	$	234,866		$	220,696		$	237,377		$	232,326		$	228,779		$	225,355		$	222,776
Total earning assets (2)	311,660			322,471			306,490			316,887			315,071			309,231			317,250
Total assets (2)	325,387			336,039			320,224			330,607			329,164			322,924			330,958
Total deposits	281,586			292,525			276,825			286,399			285,023			279,999			287,678
Allocated capital (1)	19,750			18,500			19,750			19,750			18,500			18,500			18,500


Period end
Total loans and leases	$	241,142		$	224,837		$	241,142		$	234,304		$	231,981		$	227,318		$	224,837
Total earning assets (2)	305,793			310,055			305,793			315,663			323,496			314,594			310,055
Total assets (2)	320,820			324,476			320,820			329,816			338,367			328,831			324,476
Total deposits	275,778			281,283			275,778			285,063			292,278			283,432			281,283

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

(2)Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity.

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


Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024
Revenue by Business
Merrill Wealth Management	$	9,961	$	9,270	$	4,942	$	5,019	$	5,007	$	4,789	$	4,623
Bank of America Private Bank	1,992		1,895		995		997		995		973		951

Total revenue, net of interest expense	$	11,953	$	11,165	$	5,937	$	6,016	$	6,002	$	5,762	$	5,574

Client Balances by Business, at period end
Merrill Wealth Management	$	3,695,213	$	3,371,418	$	3,695,213	$	3,486,594	$	3,578,513	$	3,527,319	$	3,371,418
Bank of America Private Bank	700,018		640,467		700,018		670,600		673,593		666,622		640,467

Total client balances	$	4,395,231	$	4,011,885	$	4,395,231	$	4,157,194	$	4,252,106	$	4,193,941	$	4,011,885

Client Balances by Type, at period end


Assets under management (1)	$	1,986,523	$	1,758,875	$	1,986,523	$	1,855,657	$	1,882,211	$	1,861,124	$	1,758,875
Brokerage and other assets	1,932,182		1,779,881		1,932,182		1,821,203		1,888,334		1,856,806		1,779,881

Deposits	275,778		281,283		275,778		285,063		292,278		283,432		281,283
Loans and leases (2)	243,409		227,657		243,409		236,641		234,208		230,062		227,657
Less: Managed deposits in assets under management	(42,661)		(35,811)		(42,661)		(41,370)		(44,925)		(37,483)		(35,811)
Total client balances	$	4,395,231	$	4,011,885	$	4,395,231	$	4,157,194	$	4,252,106	$	4,193,941	$	4,011,885

Assets Under Management Rollforward
Assets under management, beginning balance	$	1,882,211	$	1,617,740	$	1,855,657	$	1,882,211	$	1,861,124	$	1,758,875	$	1,730,005
Net client flows	38,271		35,445		14,314		23,957		22,493		21,289		10,790

Market valuation/other	66,041		105,690		116,552		(50,511)		(1,406)		80,960		18,080
Total assets under management, ending balance	$	1,986,523	$	1,758,875	$	1,986,523	$	1,855,657	$	1,882,211	$	1,861,124	$	1,758,875

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

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

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


Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Net interest income	$	6,232		$	6,735		$	3,081		$	3,151		$	3,270		$	3,230		$	3,275
Noninterest income:
Service charges	1,690			1,525			864			826			808			802			775
Investment banking fees	1,614			1,685			767			847			985			783			835
All other income	2,131			2,088			978			1,153			1,028			1,019			1,168
Total noninterest income	5,435			5,298			2,609			2,826			2,821			2,604			2,778
Total revenue, net of interest expense	11,667			12,033			5,690			5,977			6,091			5,834			6,053

Provision for credit losses	431			464			277			154			190			229			235

Noninterest expense	6,254			5,911			3,070			3,184			2,951			2,991			2,899
Income before income taxes	4,982			5,658			2,343			2,639			2,950			2,614			2,919
Income tax expense	1,370			1,556			644			726			811			719			803
Net income	$	3,612		$	4,102		$	1,699		$	1,913		$	2,139		$	1,895		$	2,116

Net interest yield	2.02		%	2.44		%	1.94		%	2.11		%	2.13		%	2.22		%	2.37		%
Efficiency ratio	53.61			49.12			53.97			53.27			48.44			51.27			47.88
Return on average allocated capital (1)	14			17			13			15			17			15			17

Balance Sheet
Average
Total loans and leases	$	383,324		$	373,173		$	387,864		$	378,733		$	375,345		$	371,216		$	372,738
Total earning assets (2)	621,625			555,895			636,286			606,802			611,171			578,988			555,834
Total assets (2)	689,180			623,631			703,874			674,322			679,218			647,541			624,189
Total deposits	589,375			525,528			603,410			575,185			581,950			549,629			525,357
Allocated capital (1)	50,750			49,250			50,750			50,750			49,250			49,250			49,250

Period end
Total loans and leases	$	390,691		$	372,421		$	390,691		$	384,208		$	379,473		$	375,159		$	372,421
Total earning assets (2)	671,098			550,525			671,098			620,055			603,481			583,742			550,525
Total assets (2)	739,759			620,217			739,759			687,702			670,905			650,936			620,217
Total deposits	643,529			522,525			643,529			591,619			578,159			556,953			522,525

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

(2)Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity.

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


Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Investment Banking fees (1)
Advisory (2)	$	630		$	639		$	291		$	339		$	514		$	351		$	322
Debt issuance	755			746			346			409			320			332			363
Equity issuance	229			300			130			99			151			100			150
Total Investment Banking fees (3)	$	1,614		$	1,685		$	767		$	847		$	985		$	783		$	835

Business Lending
Corporate	$	1,901		$	2,325		$	987		$	914		$	1,036		$	1,102		$	1,260
Commercial	2,290			2,527			1,161			1,129			1,254			1,246			1,247
Business Banking	109			117			55			54			57			57			58
Total Business Lending revenue	$	4,300		$	4,969		$	2,203		$	2,097		$	2,347		$	2,405		$	2,565

Global Transaction Services
Corporate	$	2,558		$	2,596		$	1,270		$	1,288		$	1,286		$	1,243		$	1,261
Commercial	2,050			1,908			1,018			1,032			1,030			968			938
Business Banking	721			723			361			360			382			369			362
Total Global Transaction Services revenue	$	5,329		$	5,227		$	2,649		$	2,680		$	2,698		$	2,580		$	2,561

Average deposit balances
Interest-bearing	$	438,121		$	364,940		$	453,768		$	422,300		$	425,165		$	395,459		$	367,779
Noninterest-bearing	151,254			160,588			149,642			152,885			156,785			154,170			157,578
Total average deposits	$	589,375		$	525,528		$	603,410		$	575,185		$	581,950		$	549,629		$	525,357



Provision for credit losses	$	431		$	464		$	277		$	154		$	190		$	229		$	235

Credit quality (4, 5)
Reservable criticized utilized exposure	$	24,298		$	22,619		$	24,298		$	24,446		$	23,574		$	24,934		$	22,619
	5.90		%	5.75		%	5.90		%	6.04		%	5.90		%	6.30		%	5.75		%

Nonperforming loans, leases and foreclosed properties	$	3,114		$	2,731		$	3,114		$	2,987		$	2,970		$	2,780		$	2,731
	0.80		%	0.74		%	0.80		%	0.78		%	0.79		%	0.75		%	0.74		%

Average loans and leases by product
U.S. commercial	$	238,993		$	227,329		$	242,431		$	235,518		$	234,533		$	230,051		$	228,189
Non-U.S. commercial	79,414			75,256			80,672			78,141			74,632			73,077			74,227
Commercial real estate	48,667			55,333			48,397			48,939			50,452			52,672			54,984
Commercial lease financing	16,250			15,253			16,364			16,135			15,727			15,415			15,336
Other	—			2			—			—			1			1			2
Total average loans and leases	$	383,324		$	373,173		$	387,864		$	378,733		$	375,345		$	371,216		$	372,738

Total Corporation Investment Banking fees
Advisory (2)	$	717		$	747		$	333		$	384		$	556		$	387		$	374
Debt issuance	1,779			1,765			837			942			765			780			880
Equity issuance	600			720			328			272			364			270			357
Total investment banking fees including self-led deals	3,096			3,232			1,498			1,598			1,685			1,437			1,611
Self-led deals	(145)			(103)			(70)			(75)			(31)			(34)			(50)
Total Investment Banking fees	$	2,951		$	3,129		$	1,428		$	1,523		$	1,654		$	1,403		$	1,561

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

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

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

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

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

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


Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024			Second Quarter 2024
	2025			2024
Net interest income	$	2,456		$	1,451		$	1,267		$	1,189		$	1,026		$	898		$	770
Noninterest income:
Investment and brokerage services	1,269			1,011			642			627			555			562			516
Investment banking fees	1,347			1,427			666			681			639			589			719
Market making and similar activities	6,922			7,048			3,300			3,622			2,381			3,349			3,218
All other income	570			405			105			465			239			232			236
Total noninterest income	10,108			9,891			4,713			5,395			3,814			4,732			4,689
Total revenue, net of interest expense (1)	12,564			11,342			5,980			6,584			4,840			5,630			5,459

Provision for credit losses	50			(49)			22			28			10			7			(13)

Noninterest expense	7,617			6,978			3,806			3,811			3,505			3,443			3,486
Income before income taxes	4,897			4,413			2,152			2,745			1,325			2,180			1,986
Income tax expense	1,420			1,280			624			796			384			632			576
Net income	$	3,477		$	3,133		$	1,528		$	1,949		$	941		$	1,548		$	1,410

Efficiency ratio	60.62			61.52			63.63			57.89			72.39			61.17			63.83

Return on average allocated capital (2)	14		%	14		%	13		%	16		%	8		%	14		%	13		%

Balance Sheet
Average
Total trading-related assets	$	684,414		$	634,794		$	700,413		$	668,237		$	620,903		$	645,607		$	639,763
Total loans and leases	168,043			134,431			176,368			159,625			152,426			140,806			135,106
Total earning assets	796,875			699,615			825,835			767,592			714,762			728,186			706,383
Total assets	996,323			901,952			1,023,011			969,340			918,660			924,093			908,525
Total deposits	38,423			32,265			38,040			38,809			36,958			34,952			31,944
Allocated capital (2)	49,000			45,500			49,000			49,000			45,500			45,500			45,500


Period end
Total trading-related assets	$	670,649		$	619,122		$	670,649		$	660,267		$	580,557		$	653,798		$	619,122
Total loans and leases	187,357			138,441			187,357			166,348			157,450			148,447			138,441
Total earning assets	806,289			701,978			806,289			761,826			687,678			742,221			701,978
Total assets	1,017,649			887,162			1,017,649			959,533			876,605			958,227			887,162
Total deposits	38,232			33,151			38,232			38,268			38,848			35,142			33,151

Trading-related assets (average)
Trading account securities	$	345,273		$	322,207		$	343,971		$	346,590		$	326,572		$	325,236		$	321,204
Reverse repurchases	156,405			136,991			169,064			143,605			123,473			150,751			139,901
Securities borrowed	141,872			137,278			146,889			136,800			132,334			133,588			139,705
Derivative assets	40,864			38,318			40,489			41,242			38,524			36,032			38,953
Total trading-related assets	$	684,414		$	634,794		$	700,413		$	668,237		$	620,903		$	645,607		$	639,763

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

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

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


Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024
Sales and trading revenue (1)
Fixed-income, currencies and commodities	$	6,671	$	5,973	$	3,193	$	3,478	$	2,464	$	2,934	$	2,742
Equities	4,319		3,798		2,133		2,186		1,642		1,996		1,937
Total sales and trading revenue	$	10,990	$	9,771	$	5,326	$	5,664	$	4,106	$	4,930	$	4,679

Sales and trading revenue, excluding net debit valuation adjustment (2,3)
Fixed-income, currencies and commodities	$	6,710	$	6,044	$	3,247	$	3,463	$	2,482	$	2,942	$	2,737
Equities	4,312		3,813		2,130		2,182		1,643		1,996		1,943
Total sales and trading revenue, excluding net debit valuation adjustment	$	11,022	$	9,857	$	5,377	$	5,645	$	4,125	$	4,938	$	4,680

Sales and trading revenue breakdown
Net interest income	$	2,153	$	1,124	$	1,119	$	1,034	$	876	$	744	$	612
Commissions	1,268		1,011		642		626		554		561		517
Trading	6,921		7,047		3,299		3,622		2,381		3,348		3,217
Other	648		589		266		382		295		277		333
Total sales and trading revenue	$	10,990	$	9,771	$	5,326	$	5,664	$	4,106	$	4,930	$	4,679

(1) Includes Global Banking sales and trading revenue of $175 million and $330 million for the six months ended June 30, 2025 and 2024, $212 million and $(37) million for the second and first quarters of 2025, and $182 million, $165 million and $186 million for the fourth, third and second quarters of 2024, respectively.

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

(3)Net DVA gains (losses) were $(32) million and $(86) million for the six months ended June 30, 2025 and 2024, $(51) million and $19 million for the second and first quarters of 2025, and $(19) million, $(8) million and $(1) million for the fourth, third and second quarters of 2024, respectively. FICC net DVA gains (losses) were $(39) million and $(71) million for the six months ended June 30, 2025 and 2024, $(54) million and $15 million for the second and first quarters of 2025, and $(18) million, $(8) million and $5 million for the fourth, third and second quarters of 2024, respectively. Equities net DVA gains (losses) were $7 million and $(15) million for the six months ended June 30, 2025 and 2024, $3 million and $4 million for the second and first quarters of 2025, and $(1) million, $0 and $(6) million for the fourth, third and second quarters of 2024, respectively.

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


Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024
Net interest income	$	(43)	$	44	$	(21)	$	(22)	$	(21)	$	(1)	$	6





Noninterest income (loss)	(3,328)		(3,443)		(1,791)		(1,537)		(2,057)		(2,151)		(1,761)
Total revenue, net of interest expense	(3,371)		(3,399)		(1,812)		(1,559)		(2,078)		(2,152)		(1,755)

Provision for credit losses	(17)		(13)		(9)		(8)		(5)		(3)		(2)



Noninterest expense	437		1,255		147		290		262		171		261
Loss before income taxes	(3,791)		(4,641)		(1,950)		(1,841)		(2,335)		(2,320)		(2,014)
Income tax expense (benefit)	(3,710)		(3,695)		(1,873)		(1,837)		(1,928)		(2,025)		(1,764)
Net income (loss)	$	(81)	$	(946)	$	(77)	$	(4)	$	(407)	$	(295)	$	(250)

Balance Sheet
Average
Total loans and leases	$	7,857	$	8,735	$	7,702	$	8,016	$	8,390	$	8,570	$	8,598
Total assets (2)	349,853		368,010		351,849		347,834		367,664		382,528		381,539
Total deposits	106,925		107,552		103,500		110,389		111,717		117,804		115,766

Period end
Total loans and leases	$	6,958	$	8,285	$	6,958	$	7,428	$	8,177	$	8,779	$	8,285

Total assets (3)	325,507		392,181		325,507		317,736		341,272		360,006		392,181
Total deposits	99,701		121,059		99,701		102,550		103,871		110,467		121,059

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

(2)Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $977.2 billion and $949.8 for the six months ended June 30, 2025 and 2024, $979.6 billion and $974.7 billion for the second and first quarters of 2025, and $974.2 billion, $944.4 billion and $941.7 billion for the fourth, third and second quarters of 2024, respectively.

(3)Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $1.0 trillion, $1.0 trillion, $978.4 billion, $953.6 billion and $931.1 billion at June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, respectively.

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


Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	June 30 2025		March 31 2025		June 30 2024
Consumer
Residential mortgage	$	235,313	$	235,246	$	227,870
Home equity	26,142		25,666		25,442
Credit card	101,209		99,731		99,450
Direct/Indirect consumer (1)	109,730		106,984		103,834
Other consumer (2)	165		153		117
Total consumer loans excluding loans accounted for under the fair value option	472,559		467,780		456,713
Consumer loans accounted for under the fair value option (3)	214		221		231
Total consumer	472,773		468,001		456,944

Commercial
U.S. commercial	415,423		393,413		369,139
Non-U.S. commercial	148,675		141,327		122,183
Commercial real estate (4)	65,676		65,539		70,284
Commercial lease financing	15,752		15,698		14,874
	645,526		615,977		576,480
U.S. small business commercial	22,108		21,482		20,395
Total commercial loans excluding loans accounted for under the fair value option	667,634		637,459		596,875
Commercial loans accounted for under the fair value option (3)	6,649		5,165		2,966
Total commercial	674,283		642,624		599,841

Total loans and leases	$	1,147,056	$	1,110,625	$	1,056,785

(1)Includes primarily auto and specialty lending loans and leases of $54.8 billion, $54.1 billion and $53.6 billion, U.S. securities-based lending loans of $51.2 billion, $49.3 billion and $46.7 billion and non-U.S. consumer loans of $2.9 billion, $2.8 billion and $2.8 billion at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

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

(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $58 million, $60 million and $63 million and home equity loans of $156 million, $161 million and $168 million at June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.5 billion, $4.0 billion and $2.0 billion and non-U.S. commercial loans of $4.1 billion, $1.2 billion and $945 million at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

(4)Includes U.S. commercial real estate loans of $59.7 billion, $59.7 billion and $64.4 billion and non-U.S. commercial real estate loans of $6.0 billion, $5.8 billion and $5.9 billion at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

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


Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	Second Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	235,130	$	117,551	$	108,006	$	—	$	3,532	$	6,041
Home equity	26,190		22,173		2,698		—		149		1,170
Credit card	100,013		96,543		3,470		—		—		—
Direct/Indirect and other consumer	108,955		55,002		53,950		—		—		3
Total consumer	470,288		291,269		168,124		—		3,681		7,214

Commercial
U.S. commercial	427,194		27,850		60,531		242,431		96,262		120
Non-U.S. commercial	149,044		—		726		80,672		67,012		634
Commercial real estate	65,847		23		7,996		48,397		9,413		18
Commercial lease financing	16,080		—		—		16,364		—		(284)
Total commercial	658,165		27,873		69,253		387,864		172,687		488
Total loans and leases	$	1,128,453	$	319,142	$	237,377	$	387,864	$	176,368	$	7,702

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

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

	Second Quarter 2024
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	227,567	$	115,180	$	105,603	$	2	$	—	$	6,782
Home equity	25,529		21,366		2,419		—		156		1,588
Credit card	98,983		95,594		3,389		—		—		—
Direct/Indirect and other consumer	103,689		54,139		49,547		—		—		3
Total consumer	455,768		286,279		160,958		2		156		8,373

Commercial
U.S. commercial	386,232		25,964		53,911		228,189		78,007		161
Non-U.S. commercial	123,094		—		607		74,227		47,910		350
Commercial real estate	71,345		11		7,300		54,984		9,033		17
Commercial lease financing	15,033		—		—		15,336		—		(303)
Total commercial	595,704		25,975		61,818		372,736		134,950		225
Total loans and leases	$	1,051,472	$	312,254	$	222,776	$	372,738	$	135,106	$	8,598

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


Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3, 4)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	June 30 2025		March 31 2025		June 30 2024		June 30 2025		March 31 2025		June 30 2024
Asset managers and funds	$	133,225	$	116,857	$	106,806	$	210,455	$	190,223	$	174,326
Finance companies	87,100		77,795		60,950		119,835		109,820		89,871
Capital goods	55,105		52,912		48,192		104,108		101,909		92,243
Real estate (5)	69,699		68,311		71,734		96,793		95,300		97,266
Healthcare equipment and services	36,898		36,501		34,369		66,644		65,887		62,557
Materials	29,640		28,434		25,662		62,004		61,164		56,069
Consumer services	29,936		29,144		27,525		55,174		52,708		51,504
Retailing	26,763		26,606		25,016		54,041		53,773		53,432
Food, beverage and tobacco	25,149		25,209		24,317		50,436		50,875		49,745
Government and public education	32,747		32,872		31,755		50,402		52,009		47,840
Individuals and trusts	36,754		35,181		34,124		50,167		50,091		46,069
Commercial services and supplies	24,953		25,724		23,282		45,806		45,275		42,292
Utilities	19,280		18,822		17,426		43,748		42,774		39,416
Transportation	24,424		23,426		23,798		35,831		35,836		34,860
Energy	13,771		13,968		12,332		35,790		35,560		37,122
Technology hardware and equipment	10,638		9,758		11,033		31,429		28,358		29,585
Software and services	11,326		11,169		10,901		30,458		25,229		26,734
Global commercial banks	23,509		20,802		21,621		27,339		24,341		24,819
Vehicle dealers	18,618		18,050		18,179		24,496		23,542		23,546
Media	11,343		10,120		12,626		23,854		22,911		24,302
Insurance	11,055		10,820		9,903		23,077		22,050		20,115
Consumer durables and apparel	10,244		9,615		8,803		22,264		21,292		21,201
Pharmaceuticals and biotechnology	7,301		7,704		6,778		22,150		21,911		20,920
Automobiles and components	8,109		8,136		8,044		17,355		17,270		16,192
Telecommunication services	7,049		9,320		9,165		16,312		17,824		17,685
Food and staples retailing	6,645		7,129		7,956		12,488		12,594		12,911
Financial markets infrastructure (clearinghouses)	6,355		3,956		2,953		9,431		6,676		5,156
Religious and social organizations	2,368		2,442		2,563		4,057		4,188		4,367

Total commercial credit exposure by industry	$	780,004	$	740,783	$	697,813	$	1,345,944	$	1,291,390	$	1,222,145

(1)Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers’ acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $61.6 billion, $56.8 billion and $56.8 billion at June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $29.3 billion, $26.5 billion and $27.4 billion, which consists primarily of other marketable securities, at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

(2)Total utilized and total committed exposure includes loans of $6.6 billion, $5.2 billion and $3.0 billion and issued letters of credit with a notional amount of $53 million, $40 million and $25 million accounted for under the fair value option at June 30, 2025, March 31, 2025 and June 30, 2024, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $2.2 billion, $2.0 billion and $3.2 billion at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

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

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

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

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


Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	June 30 2025			March 31 2025			December 31 2024			September 30 2024			June 30 2024
Residential mortgage	$	2,008		$	2,036		$	2,052		$	2,089		$	2,097
Home equity	393			410			409			413			422
Direct/Indirect consumer	163			167			186			175			152
Total consumer	2,564			2,613			2,647			2,677			2,671
U.S. commercial	1,277			1,157			1,204			699			700
Non-U.S. commercial	102			111			8			85			90
Commercial real estate	1,964			2,145			2,068			2,124			1,971
Commercial lease financing	35			26			20			18			19
	3,378			3,439			3,300			2,926			2,780
U.S. small business commercial	39			31			28			26			22
Total commercial	3,417			3,470			3,328			2,952			2,802
Total nonperforming loans and leases	5,981			6,083			5,975			5,629			5,473
Foreclosed properties (1)	123			118			145			195			218
Total nonperforming loans, leases, and foreclosed properties(2, 3)	$	6,104		$	6,201		$	6,120		$	5,824		$	5,691

Fully-insured home loans past due 30 days or more and still accruing	$	419		$	460		$	488		$	463		$	466
Consumer credit card past due 30 days or more and still accruing	2,388			2,497			2,638			2,563			2,415
Other loans past due 30 days or more and still accruing	3,240			3,531			3,486			3,483			2,770
Total loans past due 30 days or more and still accruing (4, 5)	$	6,047		$	6,488		$	6,612		$	6,509		$	5,651

Fully-insured home loans past due 90 days or more and still accruing	$	196		$	234		$	229		$	215		$	211
Consumer credit card past due 90 days or more and still accruing	1,257			1,334			1,401			1,306			1,257
Other loans past due 90 days or more and still accruing	298			299			301			626			332
Total loans past due 90 days or more and still accruing (5)	$	1,751		$	1,867		$	1,931		$	2,147		$	1,800

Nonperforming loans, leases and foreclosed properties/Total assets (6)	0.18		%	0.19		%	0.19		%	0.18		%	0.17		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (6)	0.54			0.56			0.56			0.54			0.54
Nonperforming loans and leases/Total loans and leases (6)	0.52			0.55			0.55			0.53			0.52
Commercial reservable criticized utilized exposure (7)	$	27,904		$	27,652		$	26,495		$	27,439		$	24,761
Commercial reservable criticized utilized exposure/Commercial reservable utilized exposure (6)	3.98		%	4.12		%	4.01		%	4.25		%	3.94		%
Total commercial criticized utilized exposure/Commercial utilized exposure (7)	3.88			4.35			4.16			4.45			4.14

(1)Includes repossessed assets of $35 million for both the second and first quarters of 2025, and $31 million, $22 million and $24 million for the fourth, third and second quarters of 2024, respectively.

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

(3)Balances do not include nonperforming loans held-for-sale of $481 million, $583 million, $731 million, $785 million and $707 million at June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, respectively.

(4)Balances do not include loans held-for-sale past due 30 days or more and still accruing of $27 million, $37 million, $84 million, $166 million and $46 million at June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, respectively.

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

(6)Total assets and total loans and leases do not include loans accounted for under the fair value option of $6.9 billion, $5.4 billion, $4.2 billion, $4.2 billion and $3.2 billion at June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, respectively.

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

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


Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	2,613	$	2,647	$	2,677	$	2,671	$	2,697

Additions	264		242		260		232		223


Reductions:
Paydowns and payoffs	(132)		(111)		(132)		(98)		(118)
Sales	(1)		(1)		(2)		(1)		(1)
Returns to performing status (2)	(157)		(154)		(140)		(115)		(121)
Charge-offs (3)	(13)		(5)		(7)		(8)		(7)
Transfers to foreclosed properties	(10)		(5)		(9)		(4)		(2)

Total net additions (reductions) to nonperforming loans and leases	(49)		(34)		(30)		6		(26)
Total nonperforming consumer loans and leases, end of period	2,564		2,613		2,647		2,677		2,671
Foreclosed properties (4)	94		88		89		81		114
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	2,658	$	2,701	$	2,736	$	2,758	$	2,785

Nonperforming Commercial Loans and Leases (5):
Balance, beginning of period	$	3,470	$	3,328	$	2,952	$	2,802	$	3,186

Additions	1,105		644		1,239		965		704
Reductions:
Paydowns	(484)		(275)		(570)		(374)		(505)
Sales	(107)		—		(15)		(7)		(9)
Returns to performing status (6)	(219)		(9)		(28)		(21)		(129)
Charge-offs	(348)		(218)		(250)		(386)		(357)
Transfers to foreclosed properties	—		—		—		(27)		(88)

Total net additions (reductions) to nonperforming loans and leases	(53)		142		376		150		(384)
Total nonperforming commercial loans and leases, end of period	3,417		3,470		3,328		2,952		2,802
Foreclosed properties (4)	29		30		56		114		104
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	3,446	$	3,500	$	3,384	$	3,066	$	2,906

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

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

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

(4)Includes repossessed assets of $33 million in consumer loans and $2 million in commercial loans for the second quarter of 2025. Includes $32 million, $29 million, $21 million and $22 million in consumer loans and $3 million, $2 million, $1 million and $2 million in commercial loans for the first quarter of 2025 and fourth, third and second quarters of 2024.

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

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

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


Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	Second Quarter 2025				First Quarter 2025				Fourth Quarter 2024				Third Quarter 2024				Second Quarter 2024
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Net Charge-offs
Residential mortgage	$	2	—	%	$	—	—	%	$	(1)	—	%	$	(2)	—	%	$	—	—	%
Home equity	(10)		(0.15)		(12)		(0.19)		(9)		(0.14)		(5)		(0.07)		(14)		(0.23)
Credit card	954		3.82		1,001		4.05		963		3.79		928		3.70		955		3.88

Direct/Indirect consumer	47		0.17		70		0.27		67		0.25		56		0.21		51		0.20
Other consumer	66		n/m		60		n/m		87		n/m		67		n/m		67		n/m
Total consumer	1,059		0.90		1,119		0.98		1,107		0.96		1,044		0.91		1,059		0.93
U.S. commercial	129		0.13		70		0.07		100		0.10		135		0.15		87		0.10
Non-U.S. commercial	—		—		7		0.02		19		0.06		60		0.19		(3)		(0.01)
Total commercial and industrial	129		0.09		77		0.06		119		0.09		195		0.16		84		0.07
Commercial real estate	202		1.24		123		0.75		117		0.70		171		0.98		272		1.53
Commercial lease financing	1		0.02		—		—		—		—		—		—		—		—
	332		0.21		200		0.13		236		0.16		366		0.25		356		0.25
U.S. small business commercial	134		2.48		133		2.57		123		2.37		124		2.40		118		2.35
Total commercial	466		0.29		333		0.22		359		0.23		490		0.33		474		0.32
Total net charge-offs	$	1,525	0.55		$	1,452	0.54		$	1,466	0.54		$	1,534	0.58		$	1,533	0.59

By Business Segment and All Other
Consumer Banking	$	1,200	1.51	%	$	1,262	1.62	%	$	1,246	1.57	%	$	1,175	1.49	%	$	1,188	1.53	%
Global Wealth & Investment Management	10		0.02		9		0.02		10		0.02		10		0.02		11		0.02
Global Banking	303		0.32		187		0.20		220		0.23		358		0.39		346		0.38
Global Markets	25		0.06		6		0.01		2		0.01		1		—		2		0.01
All Other	(13)		(0.68)		(12)		(0.62)		(12)		(0.59)		(10)		(0.44)		(14)		(0.66)
Total net charge-offs	$	1,525	0.55		$	1,452	0.54		$	1,466	0.54		$	1,534	0.58		$	1,533	0.59

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

n/m = not meaningful

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


Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	Six Months Ended June 30
	2025				2024
	Amount		Percent		Amount		Percent
Net Charge-offs
Residential mortgage	$	2	—	%	$	3	—	%
Home equity	(22)		(0.17)		(27)		(0.21)
Credit card	1,955		3.94		1,854		3.75

Direct/Indirect consumer	117		0.22		116		0.23
Other consumer	126		n/m		141		n/m
Total consumer	2,178		0.94		2,087		0.92
U.S. commercial	199		0.10		153		0.08
Non-U.S. commercial	7		0.01		(12)		(0.02)
Total commercial and industrial	206		0.08		141		0.06
Commercial real estate	325		1.00		576		1.62
Commercial lease financing	1		0.01		1		0.01
	532		0.17		718		0.25
U.S. small business commercial	267		2.52		226		2.28
Total commercial	799		0.25		944		0.32
Total net charge-offs	$	2,977	0.54		$	3,031	0.58

By Business Segment and All Other
Consumer Banking	$	2,462	1.57	%	$	2,332	1.50	%
Global Wealth & Investment Management	19		0.02		28		0.03
Global Banking	490		0.26		696		0.38
Global Markets	31		0.04		2		—
All Other	(25)		(0.65)		(27)		(0.62)
Total net charge-offs	$	2,977	0.54		$	3,031	0.58

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

n/m = not meaningful

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


Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	June 30, 2025		March 31, 2025			June 30, 2024
	Amount		Percent of Loans and Leases Outstanding (1)	Amount			Percent of Loans and Leases Outstanding (1)	Amount		Percent of Loans and Leases Outstanding (1)
Allowance for loan and lease losses
Residential mortgage	$	290	0.12%	$	290		0.12%	$	283	0.12%
Home equity	56		0.21	50			0.19	64		0.25
Credit card	7,456		7.37	7,434			7.45	7,341		7.38

Direct/Indirect consumer	712		0.65	710			0.66	751		0.72
Other consumer	64		n/m	68			n/m	75		n/m
Total consumer	8,578		1.82	8,552			1.83	8,514		1.86
U.S. commercial (2)	2,816		0.64	2,739			0.66	2,586		0.66
Non-U.S. commercial	773		0.52	720			0.51	822		0.67
Commercial real estate	1,082		1.65	1,204			1.84	1,279		1.82
Commercial lease financing	42		0.27	41			0.27	37		0.25
Total commercial	4,713		0.71	4,704			0.74	4,724		0.79
Allowance for loan and lease losses	13,291		1.17	13,256			1.20	13,238		1.26


Reserve for unfunded lending commitments	1,143			1,110				1,104
Allowance for credit losses	$	14,434		$	14,366			$	14,342

Asset Quality Indicators

Allowance for loan and lease losses/Total loans and leases (1)			1.17%				1.20%			1.26%

Allowance for loan and lease losses/Total nonperforming loans and leases			222				218			242

Ratio of the allowance for loan and lease losses/Annualized net charge-offs			2.17				2.25			2.15

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

(2)Includes allowance for loan and lease losses for U.S. small business commercial loans of $1.3 billion, $1.3 billion and $1.2 billion at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

n/m = not meaningful

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

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions, except per share information)

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

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


	Six Months Ended June 30				Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024		Second Quarter 2024
	2025		2024





























Reconciliation of income before income taxes to pretax, pre-provision income
Income before income taxes	$	15,804	$	14,822	$	7,688	$	8,116	$	7,108	$	7,324	$	7,560
Provision for credit losses	3,072		2,827		1,592		1,480		1,452		1,542		1,508
Pretax, pre-provision income	$	18,876	$	17,649	$	9,280	$	9,596	$	8,560	$	8,866	$	9,068

Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity
Shareholders’ equity	$	296,355	$	292,957	$	296,917	$	295,787	$	295,134	$	294,985	$	293,403
Goodwill	(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)	(1,902)		(1,980)		(1,893)		(1,912)		(1,932)		(1,951)		(1,971)
Related deferred tax liabilities	848		871		846		851		859		864		869
Tangible shareholders’ equity	$	226,280	$	222,827	$	226,849	$	225,705	$	225,040	$	224,877	$	223,280
Preferred stock	(22,440)		(28,255)		(22,573)		(22,307)		(23,493)		(25,984)		(28,113)
Tangible common shareholders’ equity	$	203,840	$	194,572	$	204,276	$	203,398	$	201,547	$	198,893	$	195,167








Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity
Shareholders’ equity	$	299,599	$	293,892	$	299,599	$	295,581	$	295,559	$	296,512	$	293,892
Goodwill	(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)	(1,880)		(1,958)		(1,880)		(1,899)		(1,919)		(1,938)		(1,958)
Related deferred tax liabilities	842		864		842		846		851		859		864
Tangible shareholders’ equity	$	229,540	$	223,777	$	229,540	$	225,507	$	225,470	$	226,412	$	223,777
Preferred stock	(23,495)		(26,548)		(23,495)		(20,499)		(23,159)		(24,554)		(26,548)
Tangible common shareholders’ equity	$	206,045	$	197,229	$	206,045	$	205,008	$	202,311	$	201,858	$	197,229

Reconciliation of period-end assets to period-end tangible assets
Assets	$	3,441,142	$	3,257,996	$	3,441,142	$	3,349,424	$	3,261,519	$	3,324,293	$	3,257,996
Goodwill	(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)	(1,880)		(1,958)		(1,880)		(1,899)		(1,919)		(1,938)		(1,958)
Related deferred tax liabilities	842		864		842		846		851		859		864
Tangible assets	$	3,371,083	$	3,187,881	$	3,371,083	$	3,279,350	$	3,191,430	$	3,254,193	$	3,187,881

Book value per share of common stock
Common shareholders’ equity	$	276,104	$	267,344	$	276,104	$	275,082	$	272,400	$	271,958	$	267,344
Ending common shares issued and outstanding	7,436.7		7,774.8		7,436.7		7,560.1		7,610.9		7,688.8		7,774.8
Book value per share of common stock	$	37.13	$	34.39	$	37.13	$	36.39	$	35.79	$	35.37	$	34.39

Tangible book value per share of common stock
Tangible common shareholders’ equity	$	206,045	$	197,229	$	206,045	$	205,008	$	202,311	$	201,858	$	197,229
Ending common shares issued and outstanding	7,436.7		7,774.8		7,436.7		7,560.1		7,610.9		7,688.8		7,774.8
Tangible book value per share of common stock	$	27.71	$	25.37	$	27.71	$	27.12	$	26.58	$	26.25	$	25.37

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

Form: 8-K

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