April 15, 2026 - THE SUPPLEMENTAL INFORMATION - 8-K: Current report

Supplemental Information
First Quarter 2026

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

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


Bank of America Corporation and Subsidiaries
Table of Contents			Page


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

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

Consumer Banking
Total Segment Results			13
Key Indicators			14

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

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

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

Allocation of the Allowance for Credit Losses by Product Type			28

Exhibit A: Non-GAAP Reconciliations			29







Key Performance Indicators

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

Business Segment Operations

The Corporation reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis. Additionally, the results for the total Corporation as presented on pages 11 - 12 are reported on an FTE basis.


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

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

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


At period end
Book value per share of common stock		$	38.66		$	38.44		$	37.72		$	36.92		$	36.17
Tangible book value per share of common stock (2)		28.84			28.73			28.16			27.49			26.90
Market capitalization		347,583			396,686			378,125			351,904			315,482
Number of financial centers - U.S.		3,540			3,628			3,649			3,664			3,681
Number of branded ATMs - U.S.		14,902			14,909			14,920			14,904			14,866
Headcount		212,134			213,207			213,384			213,388			212,732

(1) Pretax, pre-provision income (PTPI) is a non-GAAP financial measure calculated by adjusting pretax income to add back provision for credit losses. Management believes that PTPI is a useful financial measure because it enables an assessment of the Corporation's ability to generate earnings to cover credit losses through a credit cycle. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on page 29.)

(2) Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on page 29.)

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


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

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

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

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

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

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

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

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


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

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

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


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

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

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

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

(1)Gross interchange fees and merchant income were $3.4 billion, $3.6 billion, $3.4 billion, $3.5 billion and $3.3 billion and are presented net of $2.5 billion, $2.6 billion, $2.5 billion, $2.4 billion and $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively.

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


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

Liabilities
Deposits in U.S. offices:
Noninterest-bearing		$	529,194	$	517,834	$	513,905
Interest-bearing		1,372,969		1,361,177		1,346,423
Deposits in non-U.S. offices:
Noninterest-bearing		14,924		14,216		16,105
Interest-bearing		120,576		125,502		113,131
Total deposits		2,037,663		2,018,729		1,989,564
Federal funds purchased and securities loaned or sold under agreements to repurchase		353,020		344,716		376,070
Trading account liabilities		129,833		105,996		105,470
Derivative liabilities		43,938		42,076		35,365
Short-term borrowings		57,630		48,088		41,470
Accrued expenses and other liabilities		247,470		231,074		203,005
Long-term debt		325,964		317,816		304,146
Total liabilities		3,195,518		3,108,495		3,055,090
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,951,164, 3,991,164 and 3,771,164 shares		24,996		25,992		20,499
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,129,908,032, 7,212,464,345 and 7,560,084,716 shares		18,885		26,084		41,038
Retained earnings		267,765		261,693		245,683
Accumulated other comprehensive income (loss)		(10,978)		(10,526)		(13,271)
Total shareholders’ equity		300,668		303,243		293,949
Total liabilities and shareholders’ equity		$	3,496,186	$	3,411,738	$	3,349,039

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

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

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

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


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

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

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

Supplementary leverage exposure	$	4,085,886		$	3,986,002		$	3,859,796
Supplementary leverage ratio	5.5		%	5.7		%	5.7		%

Total ending equity to total ending assets ratio	8.6			8.9			8.8
Common equity ratio	7.9			8.1			8.2
Tangible equity ratio (3)	6.7			7.0			6.8
Tangible common equity ratio (3)	6.0			6.2			6.2

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

(2)Regulatory capital ratios at March 31, 2026 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements.The Corporation’s binding ratio was the Total capital ratio under the Standardized approach at March 31, 2026 and December 31, 2025, and the Tier 1 capital ratio under the Standardized approach at March 31, 2025.

(3)Tangible equity ratio equals period-end tangible shareholders’ equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders’ equity divided by period-end tangible assets. Tangible shareholders’ equity and tangible assets are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on page 29.)

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


Bank of America Corporation and Subsidiaries
Capital Composition under Basel 3
(Dollars in millions)
	March 31 2026		December 31 2025		March 31 2025
Total common shareholders' equity	$	275,672	$	277,251	$	273,450
Impact of change in accounting method (1)	—		—		1,632
Goodwill, net of related deferred tax liabilities	(68,651)		(68,651)		(68,649)
Deferred tax assets arising from net operating loss and tax credit carryforwards	(8,739)		(8,761)		(8,419)
Intangibles, other than mortgage servicing rights, net of related deferred tax liabilities	(1,371)		(1,386)		(1,425)
Defined benefit pension plan net assets, net-of-tax	(876)		(868)		(800)
Cumulative unrealized net (gain) loss related to changes in fair value of financial liabilities attributable to own creditworthiness, net-of-tax	1,090		1,825		1,173
Accumulated net (gain) loss on certain cash flow hedges (2)	2,657		2,020		4,298
Other	(87)		(20)		(83)
Common equity tier 1 capital	199,695		201,410		201,177
Qualifying preferred stock, net of issuance cost	24,995		25,991		20,498
Other	(19)		(19)		(9)
Tier 1 capital	224,671		227,382		221,666
Tier 2 capital instruments	19,518		19,627		20,650
Qualifying allowance for credit losses	14,359		14,431		14,442
Other	(227)		(208)		(292)
Total capital under the Standardized approach	258,321		261,232		256,466
Adjustment in qualifying allowance for credit losses under the Advanced approaches	(10,888)		(10,885)		(10,471)
Total capital under the Advanced approaches	$	247,433	$	250,347	$	245,995

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

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

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


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

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

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

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

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




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

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

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

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

(4)Net interest income includes FTE adjustments of $162 million, $165 million and $145 million for the first quarter of 2026 and the fourth and first quarters of 2025, respectively.

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


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

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


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

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

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

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


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

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







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

(1)FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. Net interest income includes FTE adjustments of $162 million, $165 million, $154 million, $145 million and $145 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively.

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


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

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

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

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

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

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


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

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

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

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


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

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

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

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

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

Net interest yield		3.66		%	3.64		%	3.59		%	3.51		%	3.48		%
Efficiency ratio		52.82			51.15			49.92			51.48			55.53
Return on average allocated capital (1)		27			30			31			27			23

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

Provision for credit losses		2			(3)			4			20			14

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

Net interest yield		2.37		%	2.39		%	2.33		%	2.31		%	2.26		%
Efficiency ratio		73.58			71.75			73.22			77.36			77.44

Return on average allocated capital (1)		24			28			26			20			21

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


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

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

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

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


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

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

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

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

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

Client Balances by Type, at period end


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

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

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

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

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

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

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


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

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

Provision for credit losses		185			243			269			277			154

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

Net interest yield		1.91		%	1.86		%	1.87		%	1.94		%	2.10		%
Efficiency ratio		51.27			50.01			49.16			53.98			53.14
Return on average allocated capital (1)		16			16			16			13			15

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

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

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

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

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


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

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

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

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

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



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

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

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

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

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

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

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

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

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

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

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


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

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

Provision for credit losses		27			12			9			22			28

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

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

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

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


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

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

(1)Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 20.

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

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


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

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

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

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

(1) Includes Global Banking sales and trading revenue of $242 million, $183 million, $172 million, $212 million and $(37) million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively.

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

(3)Net DVA gains (losses) were $63 million, $(17) million, $14 million, $(51) million and $19 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively. FICC net DVA gains (losses) were $49 million, $(16) million, $14 million, $(54) million and $15 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively. Equities net DVA gains (losses) were $14 million, $(1) million, $0, $3 million and $4 million for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively.

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


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

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





Noninterest income (loss)		(684)		(796)		(672)		(812)		(672)
Total revenue, net of interest expense		(723)		(829)		(698)		(833)		(694)

Provision for credit losses		(9)		(10)		4		(9)		(8)



Noninterest expense		163		(63)		201		147		290
Loss before income taxes		(877)		(756)		(903)		(971)		(976)
Income tax expense (benefit)		(978)		(624)		(800)		(948)		(924)
Net income (loss)		$	101	$	(132)	$	(103)	$	(23)	$	(52)

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

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

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

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

(2)Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $1.0 trillion, $1.0 trillion, $994.4 billion, $981.6 billion and $976.7 billion for the first quarter of 2026 and the fourth, third, second and first quarters of 2025, respectively.

(3)Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $1.0 trillion for all periods presented.

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


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

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

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

(1)Includes primarily auto and specialty lending loans and leases of $53.9 billion, $55.3 billion and $54.1 billion, U.S. securities-based lending loans of $56.2 billion, $55.0 billion and $49.3 billion and non-U.S. consumer loans of $3.1 billion, $3.0 billion and $2.8 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

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

(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $56 million, $58 million and $60 million and home equity loans of $102 million, $107 million and $161 million at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.5 billion, $2.1 billion and $4.0 billion and non-U.S. commercial loans of $1.1 billion, $1.2 billion and $1.2 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

(4)Includes U.S. commercial real estate loans of $64.2 billion, $62.7 billion and $59.7 billion and non-U.S. commercial real estate loans of $5.5 billion, $6.0 billion and $5.8 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

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


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

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

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

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

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

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

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


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

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

(1)Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers’ acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $71.8 billion, $70.6 billion and $56.8 billion at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $30.8 billion, $27.2 billion and $26.5 billion, which consists primarily of other marketable securities, at March 31, 2026, December 31, 2025 and March 31, 2025, respectively.

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

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

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

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

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


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

Fully-insured home loans past due 30 days or more and still accruing	$	458		$	450		$	439		$	419		$	460
Consumer credit card past due 30 days or more and still accruing	2,512			2,604			2,464			2,388			2,497
Other loans past due 30 days or more and still accruing	4,248			3,834			3,637			3,240			3,531
Total loans past due 30 days or more and still accruing (3, 4)	$	7,218		$	6,888		$	6,540		$	6,047		$	6,488

Fully-insured home loans past due 90 days or more and still accruing	$	240		$	207		$	201		$	196		$	234
Consumer credit card past due 90 days or more and still accruing	1,341			1,351			1,260			1,257			1,334
Other loans past due 90 days or more and still accruing	436			563			637			298			299
Total loans past due 90 days or more and still accruing (4)	$	2,017		$	2,121		$	2,098		$	1,751		$	1,867

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

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

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

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

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

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

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

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


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

Additions	395		294		253		264		242


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

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

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

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


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

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

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

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

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

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

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


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

Direct/Indirect consumer	74		0.26		63		0.22		55		0.20		47		0.17		70		0.27
Other consumer	63		n/m		57		n/m		55		n/m		66		n/m		60		n/m
Total consumer	1,059		0.89		992		0.82		978		0.82		1,059		0.90		1,119		0.98
U.S. commercial	132		0.12		92		0.09		135		0.13		129		0.13		70		0.07
Non-U.S. commercial	7		0.02		24		0.06		—		—		—		—		7		0.02
Total commercial and industrial	139		0.09		116		0.08		135		0.09		129		0.09		77		0.06
Commercial real estate	56		0.33		46		0.27		120		0.72		202		1.24		123		0.75
Commercial lease financing	12		0.30		3		0.07		—		—		1		0.02		—		—
	207		0.12		165		0.10		255		0.16		332		0.21		200		0.13
U.S. small business commercial	143		2.55		130		2.29		134		2.41		134		2.48		133		2.57
Total commercial	350		0.20		295		0.17		389		0.23		466		0.29		333		0.22
Total net charge-offs	$	1,409	0.48		$	1,287	0.44		$	1,367	0.47		$	1,525	0.55		$	1,452	0.54

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

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

n/m = not meaningful

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


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

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


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

Asset Quality Indicators

Allowance for loan and lease losses/Total loans and leases (1)			1.09%				1.12%			1.20%

Allowance for loan and lease losses/Total nonperforming loans and leases			225				228			218

Ratio of the allowance for loan and lease losses/Annualized net charge-offs			2.30				2.59			2.25

(1)Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. For fair value option amounts, see Outstanding Loans and Leases and related footnotes on page 22.

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

n/m = not meaningful

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


Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions, except per share information)

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

See the tables below for reconciliations of these non-GAAP financial measures to the most directly comparable financial measures defined by GAAP for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate these non-GAAP financial measures differently.


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






























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

Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity
Shareholders’ equity		$	302,501	$	303,873	$	300,381	$	295,329	$	294,187
Goodwill		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)		(1,834)		(1,853)		(1,873)		(1,893)		(1,912)
Related deferred tax liabilities		825		827		839		846		851
Tangible shareholders’ equity		$	232,471	$	233,826	$	230,326	$	225,261	$	224,105
Preferred stock		(25,748)		(25,992)		(25,232)		(22,573)		(22,307)
Tangible common shareholders’ equity		$	206,723	$	207,834	$	205,094	$	202,688	$	201,798








Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity
Shareholders’ equity		$	300,668	$	303,243	$	302,437	$	298,021	$	293,949
Goodwill		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)		(1,821)		(1,841)		(1,860)		(1,880)		(1,899)
Related deferred tax liabilities		821		825		828		842		846
Tangible shareholders’ equity		$	230,647	$	233,206	$	232,384	$	227,962	$	223,875
Preferred stock		(24,996)		(25,992)		(25,992)		(23,495)		(20,499)
Tangible common shareholders’ equity		$	205,651	$	207,214	$	206,392	$	204,467	$	203,376

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

Book value per share of common stock
Common shareholders’ equity		$	275,672	$	277,251	$	276,445	$	274,526	$	273,450
Ending common shares issued and outstanding		7,129.9		7,212.5		7,329.4		7,436.7		7,560.1
Book value per share of common stock		$	38.66	$	38.44	$	37.72	$	36.92	$	36.17

Tangible book value per share of common stock
Tangible common shareholders’ equity		$	205,651	$	207,214	$	206,392	$	204,467	$	203,376
Ending common shares issued and outstanding		7,129.9		7,212.5		7,329.4		7,436.7		7,560.1
Tangible book value per share of common stock		$	28.84	$	28.73	$	28.16	$	27.49	$	26.90

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

Form: 8-K

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