Document

Supplemental Information

Third 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)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Income statement
Net interest income	$	44,346		$	41,701		$	15,233		$	14,670		$	14,443		$	14,359		$	13,967
Noninterest income	37,571			34,839			12,855			11,793			12,923			10,988			11,378
Total revenue, net of interest expense	81,917			76,540			28,088			26,463			27,366			25,347			25,345
Provision for credit losses	4,367			4,369			1,295			1,592			1,480			1,452			1,542
Noninterest expense	52,290			50,025			17,337			17,183			17,770			16,787			16,479
Income before income taxes	25,260			22,146			9,456			7,688			8,116			7,108			7,324
Pretax, pre-provision income (1)	29,627			26,515			10,751			9,280			9,596			8,560			8,866
Income tax expense	2,279			1,679			987			572			720			443			428
Net income	22,981			20,467			8,469			7,116			7,396			6,665			6,896
Preferred stock dividends	1,126			1,363			429			291			406			266			516
Net income applicable to common shareholders	21,855			19,104			8,040			6,825			6,990			6,399			6,380
Diluted earnings per common share	2.85			2.40			1.06			0.89			0.90			0.82			0.81
Average diluted common shares issued and outstanding	7,724.7			7,965.0			7,627.1			7,651.6			7,770.8			7,843.7			7,902.1
Dividends paid per common share	$	0.80		$	0.74		$	0.28		$	0.26		$	0.26		$	0.26		$	0.26

Performance ratios
Return on average assets	0.90		%	0.84		%	0.98		%	0.83		%	0.89		%	0.80		%	0.83		%
Return on average common shareholders’ equity	10.63			9.59			11.53			9.98			10.36			9.37			9.44
Return on average shareholders’ equity	10.30			9.31			11.13			9.61			10.14			8.98			9.30
Return on average tangible common shareholders’ equity (2)	14.27			13.02			15.43			13.40			13.94			12.63			12.76
Return on average tangible shareholders’ equity (2)	13.47			12.23			14.49			12.58			13.29			11.78			12.20
Efficiency ratio	63.83			65.36			61.73			64.93			64.93			66.23			65.02


At period end
Book value per share of common stock	$	37.95		35.37			$	37.95		$	37.13		$	36.39		$	35.79		$	35.37
Tangible book value per share of common stock (2)	28.39			26.25			28.39			27.71			27.12			26.58			26.25
Market capitalization	378,125			305,090			378,125			351,904			315,482			334,497			305,090
Number of financial centers - U.S.	3,649			3,741			3,649			3,664			3,681			3,700			3,741
Number of branded ATMs - U.S.	14,920			14,900			14,920			14,904			14,866			14,893			14,900
Headcount	213,384			213,491			213,384			213,388			212,732			213,193			213,491

(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.			2


Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(In millions, except per share information)
	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024
Net interest income
Interest income	$	104,305	$	110,630	$	35,366	$	34,873	$	34,066	$	35,977	$	37,491
Interest expense	59,959		68,929		20,133		20,203		19,623		21,618		23,524
Net interest income	44,346		41,701		15,233		14,670		14,443		14,359		13,967

Noninterest income
Fees and commissions	29,221		26,748		10,337		9,469		9,415		9,543		9,119
Market making and similar activities	9,940		10,464		3,203		3,153		3,584		2,503		3,278
Other income (loss)	(1,590)		(2,373)		(685)		(829)		(76)		(1,058)		(1,019)
Total noninterest income	37,571		34,839		12,855		11,793		12,923		10,988		11,378
Total revenue, net of interest expense	81,917		76,540		28,088		26,463		27,366		25,347		25,345

Provision for credit losses	4,367		4,369		1,295		1,592		1,480		1,452		1,542

Noninterest expense
Compensation and benefits	31,744		29,937		10,523		10,332		10,889		10,245		9,916
Occupancy and equipment	5,564		5,465		1,872		1,836		1,856		1,824		1,836
Information processing and communications	5,540		5,347		1,827		1,819		1,894		1,884		1,784
Product delivery and transaction related	2,913		2,591		1,025		974		914		903		849

Professional fees	1,898		1,925		606		640		652		744		723
Marketing	1,641		1,446		572		563		506		510		504
Other general operating	2,990		3,314		912		1,019		1,059		677		867
Total noninterest expense	52,290		50,025		17,337		17,183		17,770		16,787		16,479
Income before income taxes	25,260		22,146		9,456		7,688		8,116		7,108		7,324
Income tax expense (benefit)	2,279		1,679		987		572		720		443		428
Net income	$	22,981	$	20,467	$	8,469	$	7,116	$	7,396	$	6,665	$	6,896
Preferred stock dividends	1,126		1,363		429		291		406		266		516

Net income applicable to common shareholders	$	21,855	$	19,104	$	8,040	$	6,825	$	6,990	$	6,399	$	6,380

Per common share information
Earnings	$	2.89	$	2.42	$	1.08	$	0.90	$	0.91	$	0.83	$	0.82
Diluted earnings	2.85		2.40		1.06		0.89		0.90		0.82		0.81
Average common shares issued and outstanding	7,574.5		7,894.7		7,466.0		7,581.2		7,677.9		7,738.4		7,818.0
Average diluted common shares issued and outstanding	7,724.7		7,965.0		7,627.1		7,651.6		7,770.8		7,843.7		7,902.1


Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024
Net income	$	22,981	$	20,467	$	8,469	$	7,116	$	7,396	$	6,665	$	6,896
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	489		444		438		(315)		366		(286)		417
Net change in debit valuation adjustments	(161)		(135)		(305)		(153)		297		8		—
Net change in derivatives	3,145		3,100		636		1,196		1,313		(672)		2,830
Employee benefit plan adjustments	37		75		(16)		26		27		56		27
Net change in foreign currency translation adjustments	30		(30)		6		13		11		(57)		21
Other comprehensive income (loss)	3,540		3,454		759		767		2,014		(951)		3,295
Comprehensive income	$	26,521	$	23,921	$	9,228	$	7,883	$	9,410	$	5,714	$	10,191


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


Bank of America Corporation and Subsidiaries
Net Interest Income and Noninterest Income
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024
Net interest income
Interest income
Loans and leases	$	47,065	$	46,303	$	16,191	$	15,651	$	15,223	$	15,690	$	15,725
Debt securities	20,638		19,295		6,958		6,913		6,767		6,712		6,833
Federal funds sold and securities borrowed or purchased under agreements to resell	11,670		15,530		3,802		4,094		3,774		4,381		5,196
Trading account assets	9,260		7,697		3,195		3,057		3,008		2,679		2,726
Other interest income	15,672		21,805		5,220		5,158		5,294		6,515		7,011
Total interest income	104,305		110,630		35,366		34,873		34,066		35,977		37,491

Interest expense
Deposits	26,245		28,918		8,932		8,681		8,632		9,524		10,125
Short-term borrowings	21,570		26,545		7,172		7,435		6,963		7,993		8,940
Trading account liabilities	2,055		1,624		672		676		707		567		538
Long-term debt	10,089		11,842		3,357		3,411		3,321		3,534		3,921
Total interest expense	59,959		68,929		20,133		20,203		19,623		21,618		23,524
Net interest income	$	44,346	$	41,701	$	15,233	$	14,670	$	14,443	$	14,359	$	13,967

Noninterest income
Fees and commissions
Card income
Interchange fees (1)	$	2,942	$	2,984	$	990	$	1,036	$	916	$	1,029	$	1,030
Other card income	1,851		1,678		639		610		602		593		588
Total card income	4,793		4,662		1,629		1,646		1,518		1,622		1,618
Service charges
Deposit-related fees	3,760		3,492		1,267		1,265		1,228		1,216		1,198
Lending-related fees	1,048		1,009		365		350		333		338		354
Total service charges	4,808		4,501		1,632		1,615		1,561		1,554		1,552
Investment and brokerage services
Asset management fees	11,408		10,173		3,972		3,698		3,738		3,702		3,533
Brokerage fees	3,248		2,880		1,091		1,082		1,075		1,011		1,013
Total investment and brokerage services	14,656		13,053		5,063		4,780		4,813		4,713		4,546
Investment banking fees
Underwriting income	2,568		2,512		992		806		770		763		742
Syndication fees	1,096		886		438		289		369		335		274
Financial advisory services	1,300		1,134		583		333		384		556		387
Total investment banking fees	4,964		4,532		2,013		1,428		1,523		1,654		1,403
Total fees and commissions	29,221		26,748		10,337		9,469		9,415		9,543		9,119
Market making and similar activities	9,940		10,464		3,203		3,153		3,584		2,503		3,278
Other income (loss)	(1,590)		(2,373)		(685)		(829)		(76)		(1,058)		(1,019)
Total noninterest income	$	37,571	$	34,839	$	12,855	$	11,793	$	12,923	$	10,988	$	11,378

(1)Gross interchange fees and merchant income were $10.2 billion and $10.1 billion and are presented net of $7.3 billion and $7.1 billion of expenses for rewards and partner payments as well as certain other card costs for the nine months ended September 30, 2025 and 2024. Gross interchange fees and merchant income were $3.4 billion, $3.5 billion, $3.3 billion, $3.5 billion and $3.4 billion and are presented net of $2.5 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 third, second and first quarters of 2025 and the fourth and third quarters of 2024, respectively.


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


Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
		September 30 2025		June 30 2025		September 30 2024
Assets
Cash and due from banks		$	25,352	$	26,661	$	24,847
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks		221,155		239,350		270,742
Cash and cash equivalents		246,507		266,011		295,589
Time deposits placed and other short-term investments		8,212		9,377		8,151
Federal funds sold and securities borrowed or purchased under agreements to resell		325,300		352,392		337,706
Trading account assets		335,566		356,584		342,135
Derivative assets		42,115		42,711		34,182
Debt securities:
Carried at fair value		404,636		388,930		325,436
Held-to-maturity, at cost		531,414		541,286		567,553
Total debt securities		936,050		930,216		892,989
Loans and leases		1,165,900		1,147,056		1,075,800
Allowance for loan and lease losses		(13,252)		(13,291)		(13,251)
Loans and leases, net of allowance		1,152,648		1,133,765		1,062,549
Premises and equipment, net		12,348		12,254		12,033
Goodwill		69,021		69,021		69,021
Loans held-for-sale		6,831		5,401		10,351
Customer and other receivables		99,863		93,964		91,267
Other assets		168,755		169,446		168,320
Total assets		$	3,403,216	$	3,441,142	$	3,324,293

Liabilities
Deposits in U.S. offices:
Noninterest-bearing		$	510,208	$	514,530	$	498,263
Interest-bearing		1,354,445		1,363,483		1,308,856
Deposits in non-U.S. offices:
Noninterest-bearing		14,690		14,440		15,457
Interest-bearing		122,865		119,160		107,776
Total deposits		2,002,208		2,011,613		1,930,352
Federal funds purchased and securities loaned or sold under agreements to repurchase		342,088		399,460		397,958
Trading account liabilities		117,322		107,426		98,316
Derivative liabilities		40,157		41,693		43,131
Short-term borrowings		54,200		47,891		38,440
Accrued expenses and other liabilities		231,605		220,042		222,657
Long-term debt		311,484		313,418		296,927
Total liabilities		3,099,064		3,141,543		3,027,781
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,991,164, 3,891,164 and 3,933,917 shares		25,992		23,495		24,554
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,329,421,929, 7,436,679,485 and 7,688,767,832 shares		31,764		36,428		48,338
Retained earnings		258,141		252,180		237,954
Accumulated other comprehensive income (loss)		(11,745)		(12,504)		(14,334)
Total shareholders’ equity		304,152		299,599		296,512
Total liabilities and shareholders’ equity		$	3,403,216	$	3,441,142	$	3,324,293

	Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
	Trading account assets	$	6,063	$	5,668	$	6,280
	Loans and leases	18,007		18,617		19,267
	Allowance for loan and lease losses	(889)		(917)		(923)
	Loans and leases, net of allowance	17,118		17,700		18,344

	All other assets	614		633		278
	Total assets of consolidated variable interest entities	$	23,795	$	24,001	$	24,902

	Liabilities of consolidated variable interest entities included in total liabilities above
	Short-term borrowings	$	4,980	$	4,359	$	3,542
	Long-term debt	8,420		8,839		8,873
	All other liabilities	22		23		22
	Total liabilities of consolidated variable interest entities	$	13,422	$	13,221	$	12,437


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


Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	September 30 2025			June 30 2025			September 30 2024
Risk-based capital metrics (1):
Standardized Approach
Common equity tier 1 capital	$	202,875		$	201,200		$	199,805
Tier 1 capital	228,829			224,684			222,942
Total capital	263,414			259,508			252,381
Risk-weighted assets	1,752,834			1,748,273			1,688,751
Common equity tier 1 capital ratio	11.6		%	11.5		%	11.8		%
Tier 1 capital ratio	13.1			12.9			13.2
Total capital ratio	15.0			14.8			14.9

Advanced Approaches
Common equity tier 1 capital	$	202,875		$	201,200		$	199,805
Tier 1 capital	228,829			224,684			222,942
Total capital	252,621			249,000			241,794
Risk-weighted assets	1,547,755			1,546,112			1,482,451
Common equity tier 1 capital ratio	13.1		%	13.0		%	13.5		%
Tier 1 capital ratio	14.8			14.5			15.0
Total capital ratio	16.3			16.1			16.3

Leverage-based metrics (1):
Adjusted average assets	$	3,356,512		$	3,353,376		$	3,217,562
Tier 1 leverage ratio	6.8		%	6.7		%	6.9		%

Supplementary leverage exposure	$	3,976,930		$	3,956,615		$	3,787,646
Supplementary leverage ratio	5.8		%	5.7		%	5.9		%

Total ending equity to total ending assets ratio	8.9			8.7			8.9
Common equity ratio	8.2			8.0			8.2
Tangible equity ratio (2)	7.0			6.8			7.0
Tangible common equity ratio (2)	6.2			6.1			6.2

(1)Regulatory capital ratios at September 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 for all periods presented.

(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.			6


Bank of America Corporation and Subsidiaries
Capital Composition under Basel 3
(Dollars in millions)
	September 30 2025		June 30 2025		September 30 2024
Total common shareholders' equity	$	278,160	$	276,104	$	271,958
CECL transitional amount (1)	—		—		627
Goodwill, net of related deferred tax liabilities	(68,653)		(68,649)		(68,648)
Deferred tax assets arising from net operating loss and tax credit carryforwards	(8,483)		(8,452)		(8,188)
Intangibles, other than mortgage servicing rights, net of related deferred tax liabilities	(1,401)		(1,410)		(1,453)
Defined benefit pension plan net assets, net-of-tax	(838)		(817)		(801)
Cumulative unrealized net (gain) loss related to changes in fair value of financial liabilities attributable to own creditworthiness, net-of-tax	1,644		1,349		1,509
Accumulated net (gain) loss on certain cash flow hedges (2)	2,464		3,094		4,926
Other	(18)		(19)		(125)
Common equity tier 1 capital	202,875		201,200		199,805
Qualifying preferred stock, net of issuance cost	25,991		23,494		23,158
Other	(37)		(10)		(21)
Tier 1 capital	228,829		224,684		222,942
Tier 2 capital instruments	20,477		20,634		16,201
Qualifying allowance for credit losses (3)	14,420		14,499		13,575
Other	(312)		(309)		(337)
Total capital under the Standardized approach	263,414		259,508		252,381
Adjustment in qualifying allowance for credit losses under the Advanced approaches (3)	(10,793)		(10,508)		(10,587)
Total capital under the Advanced approaches	$	252,621	$	249,000	$	241,794

(1)September 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 was 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)September 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.			7


Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Third Quarter 2025						Second Quarter 2025						Third 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	$	264,233	$	2,698	4.05	%	$	274,839	$	2,843	4.15	%	$	320,781	$	4,129	5.12	%
Time deposits placed and other short-term investments	9,716		88		3.59		10,405		89		3.43		10,031		108		4.29
Federal funds sold and securities borrowed or purchased under agreements to resell	316,603		3,802		4.76		353,331		4,094		4.65		323,119		5,196		6.40
Trading account assets	239,048		3,222		5.35		234,282		3,081		5.27		214,980		2,749		5.09
Debt securities	932,588		6,975		2.97		933,065		6,932		2.96		883,562		6,859		3.08
Loans and leases (2)
Residential mortgage	235,301		2,070		3.52		235,130		2,031		3.46		227,800		1,872		3.29
Home equity	26,413		390		5.86		26,190		379		5.80		25,664		418		6.48
Credit card	100,966		2,932		11.52		100,013		2,846		11.41		99,908		2,924		11.64

Direct/Indirect and other consumer	110,127		1,525		5.49		108,955		1,484		5.47		104,732		1,512		5.74

Total consumer	472,807		6,917		5.82		470,288		6,740		5.74		458,104		6,726		5.85
U.S. commercial	443,274		5,953		5.33		427,194		5,709		5.36		391,728		5,358		5.44
Non-U.S. commercial	154,458		2,121		5.45		149,044		2,016		5.42		125,377		2,222		7.05
Commercial real estate	66,494		1,044		6.23		65,847		1,023		6.23		69,404		1,275		7.31
Commercial lease financing	16,002		216		5.37		16,080		214		5.33		15,115		201		5.30
Total commercial	680,228		9,334		5.45		658,165		8,962		5.46		601,624		9,056		5.99
Total loans and leases	1,153,035		16,251		5.60		1,128,453		15,702		5.58		1,059,728		15,782		5.93
Other earning assets	124,965		2,484		7.89		115,831		2,277		7.89		105,496		2,815		10.62
Total earning assets	3,040,188		35,520		4.64		3,050,206		35,018		4.60		2,917,697		37,638		5.14
Cash and due from banks	24,963						24,781						23,435
Other assets, less allowance for loan and lease losses	370,792						357,747						355,039
Total assets	$	3,435,943					$	3,432,734					$	3,296,171
Interest-bearing liabilities
U.S. interest-bearing deposits

Demand and money market deposits (3)	$	1,095,931	$	6,063	2.19	%	$	1,078,771	$	5,739	2.13	%	$	1,043,182	$	6,603	2.52	%

Time and savings deposits (3)	257,475		1,941		2.99		259,261		1,998		3.09		259,999		2,367		3.62
Total U.S. interest-bearing deposits	1,353,406		8,004		2.35		1,338,032		7,737		2.32		1,303,181		8,970		2.74




Non-U.S. interest-bearing deposits	125,309		928		2.94		121,921		944		3.11		110,527		1,155		4.16
Total interest-bearing deposits	1,478,715		8,932		2.40		1,459,953		8,681		2.38		1,413,708		10,125		2.85
Federal funds purchased and securities loaned or sold under agreements to repurchase	392,431		4,800		4.85		414,655		4,946		4.78		383,334		6,193		6.43
Short-term borrowings and other interest-bearing liabilities	178,368		2,372		5.28		183,008		2,489		5.45		147,579		2,747		7.41
Trading account liabilities	52,452		672		5.08		53,805		676		5.04		52,973		538		4.04
Long-term debt	247,425		3,357		5.40		249,104		3,411		5.49		247,338		3,921		6.32
Total interest-bearing liabilities	2,349,391		20,133		3.40		2,360,525		20,203		3.43		2,244,932		23,524		4.17
Noninterest-bearing sources
Noninterest-bearing deposits	512,719						513,808						507,040
Other liabilities (4)	271,858						261,484						249,214
Shareholders’ equity	301,975						296,917						294,985
Total liabilities and shareholders’ equity	$	3,435,943					$	3,432,734					$	3,296,171
Net interest spread					1.24	%					1.17	%					0.97	%
Impact of noninterest-bearing sources					0.77						0.77						0.95
Net interest income/yield on earning assets (5)			$	15,387	2.01	%			$	14,815	1.94	%			$	14,114	1.92	%

(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)Certain prior-period time and savings deposits have been reclassified to demand and money market deposits to conform to current-period presentation.

(4)Includes $66.2 billion, $58.8 billion and $49.5 billion of structured notes and liabilities for the third and second quarters of 2025 and the third quarter of 2024, respectively.

(5)Net interest income includes FTE adjustments of $154 million, $145 million and $147 million for the third and second quarters of 2025 and the third quarter of 2024, respectively.


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


Bank of America Corporation and Subsidiaries
Debt Securities
(Dollars in millions)
	September 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	33,308	$	15	$	(1,383)	$	31,940
Agency-collateralized mortgage obligations	20,418		14		(150)		20,282
Commercial	32,335		112		(424)		32,023
Non-agency residential	275		54		(54)		275
Total mortgage-backed securities	86,336		195		(2,011)		84,520
U.S. Treasury and government agencies	267,405		198		(970)		266,633
Non-U.S. securities	28,045		45		(13)		28,077
Other taxable securities	3,093		10		(29)		3,074

Tax-exempt securities	8,145		19		(175)		7,989
Total available-for-sale debt securities	393,024		467		(3,198)		390,293
Other debt securities carried at fair value (1)	14,272		162		(91)		14,343
Total debt securities carried at fair value	407,296		629		(3,289)		404,636
Held-to-maturity debt securities
Agency mortgage-backed securities	403,854		—		(71,037)		332,817
U.S. Treasury and government agencies	121,232		—		(13,093)		108,139
Other taxable securities	6,363		2		(777)		5,588
Total held-to-maturity debt securities	531,449		2		(84,907)		446,544
Total debt securities	$	938,745	$	631	$	(88,196)	$	851,180


	June 30, 2025
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

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


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


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

	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024






FTE basis data (1)
Net interest income	$	44,790		$	42,166		$	15,387		$	14,815		$	14,588		$	14,513		$	14,114
Total revenue, net of interest expense	82,361			77,005			28,242			26,608			27,511			25,501			25,492
Net interest yield	1.98		%	1.95		%	2.01		%	1.94		%	1.99		%	1.97		%	1.92		%
Efficiency ratio	63.49			64.96			61.39			64.58			64.59			65.83			64.64

(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 $444 million and $465 million for the nine months ended September 30, 2025 and 2024, $154 million, $145 million, and $145 million for the third, second and first quarters of 2025, and $154 million and $147 million for the fourth and third quarters of 2024, respectively.


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


Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	15,387	$	8,988	$	1,800	$	3,141	$	1,484	$	(26)
Noninterest income
Fees and commissions:
Card income	1,629		1,403		6		204		17		(1)
Service charges	1,632		645		30		863		93		1
Investment and brokerage services	5,063		94		4,334		24		614		(3)
Investment banking fees	2,013		—		65		1,155		834		(41)
Total fees and commissions	10,337		2,142		4,435		2,246		1,558		(44)
Market making and similar activities	3,203		5		31		73		3,141		(47)
Other income (loss)	(685)		31		46		785		41		(1,588)
Total noninterest income (loss)	12,855		2,178		4,512		3,104		4,740		(1,679)
Total revenue, net of interest expense	28,242		11,166		6,312		6,245		6,224		(1,705)
Provision for credit losses	1,295		1,009		4		269		9		4
Noninterest expense	17,337		5,575		4,622		3,044		3,895		201
Income (loss) before income taxes	9,610		4,582		1,686		2,932		2,320		(1,910)
Income tax expense (benefit)	1,141		1,145		421		806		673		(1,904)
Net income (loss)	$	8,469	$	3,437	$	1,265	$	2,126	$	1,647	$	(6)

Average
Total loans and leases	$	1,153,035	$	320,297	$	245,523	$	388,482	$	190,994	$	7,739
Total assets (1)	3,435,943		1,029,529		320,484		730,779		1,024,349		330,802
Total deposits	1,991,434		947,414		276,534		631,560		37,588		98,338
Period end
Total loans and leases	$	1,165,900	$	321,905	$	252,986	$	386,828	$	196,759	$	7,422
Total assets (1)	3,403,216		1,032,826		325,605		738,273		997,461		309,051
Total deposits	2,002,208		949,100		278,931		640,801		36,883		96,493

	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

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


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


Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Third Quarter 2024
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	14,114	$	8,278	$	1,709	$	3,230	$	898	$	(1)
Noninterest income
Fees and commissions:
Card income	1,618		1,402		9		200		14		(7)
Service charges	1,552		631		24		802		95		—
Investment and brokerage services	4,546		80		3,874		31		562		(1)
Investment banking fees	1,403		—		64		783		589		(33)
Total fees and commissions	9,119		2,113		3,971		1,816		1,260		(41)
Market making and similar activities	3,278		5		35		66		3,349		(177)
Other income (loss)	(1,019)		22		47		722		123		(1,933)
Total noninterest income (loss)	11,378		2,140		4,053		2,604		4,732		(2,151)
Total revenue, net of interest expense	25,492		10,418		5,762		5,834		5,630		(2,152)
Provision for credit losses	1,542		1,302		7		229		7		(3)
Noninterest expense	16,479		5,534		4,340		2,991		3,443		171
Income (loss) before income taxes	7,471		3,582		1,415		2,614		2,180		(2,320)
Income tax expense (benefit)	575		895		354		719		632		(2,025)
Net income (loss)	$	6,896	$	2,687	$	1,061	$	1,895	$	1,548	$	(295)

Average
Total loans and leases	$	1,059,728	$	313,781	$	225,355	$	371,216	$	140,806	$	8,570
Total assets (1)	3,296,171		1,019,085		322,924		647,541		924,093		382,528
Total deposits	1,920,748		938,364		279,999		549,629		34,952		117,804
Period end
Total loans and leases	$	1,075,800	$	316,097	$	227,318	$	375,159	$	148,447	$	8,779
Total assets (1)	3,324,293		1,026,293		328,831		650,936		958,227		360,006
Total deposits	1,930,352		944,358		283,432		556,953		35,142		110,467

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


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


Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment and All Other
(Dollars in millions)
	Nine Months Ended September 30, 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	44,790	$	26,219	$	5,327	$	9,373	$	3,940	$	(69)
Noninterest income
Fees and commissions:
Card income	4,793		4,115		26		613		50		(11)
Service charges	4,808		1,890		85		2,553		276		4
Investment and brokerage services	14,656		262		12,456		65		1,883		(10)
Investment banking fees	4,964		—		199		2,769		2,181		(185)
Total fees and commissions	29,221		6,267		12,766		6,000		4,390		(202)
Market making and similar activities	9,940		19		93		207		10,063		(442)
Other income (loss)	(1,590)		(33)		79		2,332		395		(4,363)
Total noninterest income (loss)	37,571		6,253		12,938		8,539		14,848		(5,007)
Total revenue, net of interest expense	82,361		32,472		18,265		17,912		18,788		(5,076)
Provision for credit losses	4,367		3,583		38		700		59		(13)
Noninterest expense	52,290		16,968		13,874		9,298		11,512		638
Income (loss) before income taxes	25,704		11,921		4,353		7,914		7,217		(5,701)
Income tax expense (benefit)	2,723		2,980		1,088		2,176		2,093		(5,614)
Net income (loss)	$	22,981	$	8,941	$	3,265	$	5,738	$	5,124	$	(87)

Average
Total loans and leases	$	1,125,293	$	318,178	$	238,457	$	385,062	$	175,777	$	7,819
Total assets (1)	3,407,010		1,030,874		323,735		703,198		1,005,768		343,435
Total deposits	1,974,630		948,983		279,883		603,591		38,141		104,032
Period end
Total loans and leases	$	1,165,900	$	321,905	$	252,986	$	386,828	$	196,759	$	7,422
Total assets (1)	3,403,216		1,032,826		325,605		738,273		997,461		309,051
Total deposits	2,002,208		949,100		278,931		640,801		36,883		96,493

	Nine Months Ended September 30, 2024
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income	$	42,166	$	24,593	$	5,216	$	9,965	$	2,349	$	43
Noninterest income
Fees and commissions:
Card income	4,662		4,035		28		586		51		(38)
Service charges	4,501		1,823		71		2,327		278		2
Investment and brokerage services	13,053		236		11,181		70		1,573		(7)
Investment banking fees	4,532		—		184		2,468		2,016		(136)
Total fees and commissions	26,748		6,094		11,464		5,451		3,918		(179)
Market making and similar activities	10,464		16		107		212		10,397		(268)
Other income (loss)	(2,373)		87		140		2,239		308		(5,147)
Total noninterest income (loss)	34,839		6,197		11,711		7,902		14,623		(5,594)
Total revenue, net of interest expense	77,005		30,790		16,927		17,867		16,972		(5,551)
Provision for credit losses	4,369		3,733		1		693		(42)		(16)
Noninterest expense	50,025		16,473		12,803		8,902		10,421		1,426
Income (loss) before income taxes	22,611		10,584		4,123		8,272		6,593		(6,961)
Income tax expense (benefit)	2,144		2,646		1,031		2,275		1,912		(5,720)
Net income (loss)	$	20,467	$	7,938	$	3,092	$	5,997	$	4,681	$	(1,241)

Average
Total loans and leases	$	1,053,055	$	313,027	$	222,260	$	372,516	$	136,572	$	8,680
Total assets (1)	3,272,856		1,027,291		331,635		631,659		909,386		372,885
Total deposits	1,912,741		946,640		288,319		533,620		33,167		110,995
Period end
Total loans and leases	$	1,075,800	$	316,097	$	227,318	$	375,159	$	148,447	$	8,779
Total assets (1)	3,324,293		1,026,293		328,831		650,936		958,227		360,006
Total deposits	1,930,352		944,358		283,432		556,953		35,142		110,467

(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.			13


Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Net interest income	$	26,219		$	24,593		$	8,988		$	8,726		$	8,505		$	8,485		$	8,278
Noninterest income:
Card income	4,115			4,035			1,403			1,415			1,297			1,397			1,402
Service charges	1,890			1,823			645			627			618			622			631

All other income	248			339			130			45			73			142			107
Total noninterest income	6,253			6,197			2,178			2,087			1,988			2,161			2,140
Total revenue, net of interest expense	32,472			30,790			11,166			10,813			10,493			10,646			10,418

Provision for credit losses	3,583			3,733			1,009			1,282			1,292			1,254			1,302

Noninterest expense	16,968			16,473			5,575			5,567			5,826			5,631			5,534
Income before income taxes	11,921			10,584			4,582			3,964			3,375			3,761			3,582
Income tax expense	2,980			2,646			1,145			991			844			940			895
Net income	$	8,941		$	7,938		$	3,437		$	2,973		$	2,531		$	2,821		$	2,687

Net interest yield	3.53		%	3.32		%	3.59		%	3.51		%	3.48		%	3.42		%	3.35		%
Efficiency ratio	52.25			53.50			49.92			51.48			55.53			52.89			53.12
Return on average allocated capital (1)	27			25			31			27			23			26			25

Balance Sheet
Average
Total loans and leases	$	318,178		$	313,027		$	320,297		$	319,142		$	315,038		$	316,069		$	313,781
Total earning assets (2)	993,484			989,944			992,007			996,193			992,252			985,990			982,058
Total assets (2)	1,030,874			1,027,291			1,029,529			1,033,776			1,029,320			1,023,388			1,019,085
Total deposits	948,983			946,640			947,414			951,986			947,550			942,302			938,364
Allocated capital (1)	44,000			43,250			44,000			44,000			44,000			43,250			43,250

Period end
Total loans and leases	$	321,905		$	316,097		$	321,905		$	320,908		$	318,337		$	318,754		$	316,097
Total earning assets (2)	994,931			988,856			994,931			999,094			1,016,785			995,369			988,856
Total assets (2)	1,032,826			1,026,293			1,032,826			1,037,407			1,054,637			1,034,370			1,026,293
Total deposits	949,100			944,358			949,100			954,373			972,064			952,311			944,358

(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.			14


Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Average deposit balances
Checking	$	553,681		$	546,778		$	553,438		$	556,030		$	551,555		$	547,060		$	542,267
Savings	52,630			55,932			51,840			53,077			52,985			52,812			54,128
MMS	237,502			257,061			232,892			238,285			241,423			242,257			248,200
CDs and IRAs	101,566			83,145			105,633			100,957			98,023			96,630			90,172
Other	3,604			3,724			3,611			3,637			3,564			3,543			3,597
Total average deposit balances	$	948,983		$	946,640		$	947,414		$	951,986		$	947,550		$	942,302		$	938,364

Deposit spreads (excludes noninterest costs)
Checking	2.89		%	2.61		%	2.96		%	2.90		%	2.81		%	2.75		%	2.71		%
Savings	3.21			2.89			3.28			3.21			3.13			3.05			2.98
MMS	3.45			3.26			3.52			3.45			3.38			3.32			3.32
CDs and IRAs	1.47			1.96			1.37			1.49			1.57			1.63			1.85
Other	4.19			5.14			4.13			4.18			4.26			4.43			5.07
Total deposit spreads	2.90			2.76			2.94			2.91			2.85			2.81			2.81

Consumer investment assets (1)	$	580,391		$	496,582		$	580,391		$	539,727		$	497,680		$	517,835		$	496,582

Active digital banking users (in thousands) (2)	49,198			47,830			49,198			48,998			49,028			48,150			47,830
Active mobile banking users (in thousands) (3)	41,258			39,638			41,258			40,840			40,492			39,958			39,638
Financial centers	3,649			3,741			3,649			3,664			3,681			3,700			3,741
ATMs	14,920			14,900			14,920			14,904			14,866			14,893			14,900

Total credit card (4)
Loans
Average credit card outstandings	$	100,387		$	99,570		$	100,966		$	100,013		$	100,173		$	100,938		$	99,908
Ending credit card outstandings	102,109			100,842			102,109			101,209			99,731			103,566			100,842
Credit quality
Net charge-offs	$	2,835		$	2,782		$	880		$	954		$	1,001		$	963		$	928
	3.78		%	3.73		%	3.46		%	3.82		%	4.05		%	3.79		%	3.70		%
30+ delinquency	$	2,464		$	2,563		$	2,464		$	2,388		$	2,497		$	2,638		$	2,563
	2.41		%	2.54		%	2.41		%	2.36		%	2.50		%	2.55		%	2.54		%
90+ delinquency	$	1,259		$	1,306		$	1,259		$	1,257		$	1,334		$	1,401		$	1,306
	1.23		%	1.30		%	1.23		%	1.24		%	1.34		%	1.35		%	1.30		%
Other total credit card indicators (4)
Gross interest yield	12.12		%	12.35		%	12.17		%	12.06		%	12.12		%	12.15		%	12.49		%
Risk-adjusted margin	7.08			6.93			7.48			7.07			6.68			7.12			7.22
New accounts (in thousands)	2,676			2,919			929			834			913			901			970
Purchase volumes	$	278,138		$	272,899		$	95,116		$	94,814		$	88,208		$	95,962		$	92,592

Debit card data
Purchase volumes	$	439,533		$	412,105		$	150,048		$	149,288		$	140,197		$	144,895		$	139,352

Loan production (5)
Consumer Banking:
First mortgage	$	7,961		$	7,068		$	3,052		$	3,052		$	1,857		$	3,184		$	2,684
Home equity	6,401			5,524			2,326			2,241			1,834			1,926			1,897
Total (6):
First mortgage	$	17,863		$	14,519		$	6,751		$	6,604		$	4,508		$	6,585		$	5,348
Home equity	7,780			6,573			2,800			2,766			2,214			2,311			2,289

(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.			15


Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Net interest income	$	5,327		$	5,216		$	1,800		$	1,762		$	1,765		$	1,753		$	1,709
Noninterest income:
Investment and brokerage services	12,456			11,181			4,334			4,033			4,089			4,057			3,874
All other income	482			530			178			142			162			192			179
Total noninterest income	12,938			11,711			4,512			4,175			4,251			4,249			4,053
Total revenue, net of interest expense	18,265			16,927			6,312			5,937			6,016			6,002			5,762

Provision for credit losses	38			1			4			20			14			3			7

Noninterest expense	13,874			12,803			4,622			4,593			4,659			4,438			4,340
Income before income taxes	4,353			4,123			1,686			1,324			1,343			1,561			1,415
Income tax expense	1,088			1,031			421			331			336			390			354
Net income	$	3,265		$	3,092		$	1,265		$	993		$	1,007		$	1,171		$	1,061

Net interest yield	2.30		%	2.19		%	2.33		%	2.31		%	2.26		%	2.21		%	2.20		%
Efficiency ratio	75.96			75.64			73.22			77.36			77.44			73.93			75.32

Return on average allocated capital (1)	22			22			26			20			21			25			23

Balance Sheet
Average
Total loans and leases	$	238,457		$	222,260		$	245,523		$	237,377		$	232,326		$	228,779		$	225,355
Total earning assets (2)	309,882			318,026			306,384			306,490			316,887			315,071			309,231
Total assets (2)	323,735			331,635			320,484			320,224			330,607			329,164			322,924
Total deposits	279,883			288,319			276,534			276,825			286,399			285,023			279,999
Allocated capital (1)	19,750			18,500			19,750			19,750			19,750			18,500			18,500


Period end
Total loans and leases	$	252,986		$	227,318		$	252,986		$	241,142		$	234,304		$	231,981		$	227,318
Total earning assets (2)	310,732			314,594			310,732			305,793			315,663			323,496			314,594
Total assets (2)	325,605			328,831			325,605			320,820			329,816			338,367			328,831
Total deposits	278,931			283,432			278,931			275,778			285,063			292,278			283,432

(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.			16


Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024
Revenue by Business
Merrill Wealth Management	$	15,222	$	14,059	$	5,261	$	4,942	$	5,019	$	5,007	$	4,789
Bank of America Private Bank	3,043		2,868		1,051		995		997		995		973

Total revenue, net of interest expense	$	18,265	$	16,927	$	6,312	$	5,937	$	6,016	$	6,002	$	5,762

Client Balances by Business, at period end
Merrill Wealth Management	$	3,896,493	$	3,527,319	$	3,896,493	$	3,695,213	$	3,486,594	$	3,578,513	$	3,527,319
Bank of America Private Bank	744,675		666,622		744,675		700,018		670,600		673,593		666,622

Total client balances	$	4,641,168	$	4,193,941	$	4,641,168	$	4,395,231	$	4,157,194	$	4,252,106	$	4,193,941

Client Balances by Type, at period end


Assets under management (1)	$	2,109,946	$	1,861,124	$	2,109,946	$	1,986,523	$	1,855,657	$	1,882,211	$	1,861,124
Brokerage and other assets	2,041,117		1,856,806		2,041,117		1,932,182		1,821,203		1,888,334		1,856,806

Deposits	278,931		283,432		278,931		275,778		285,063		292,278		283,432
Loans and leases (2)	255,381		230,062		255,381		243,409		236,641		234,208		230,062
Less: Managed deposits in assets under management	(44,207)		(37,483)		(44,207)		(42,661)		(41,370)		(44,925)		(37,483)
Total client balances	$	4,641,168	$	4,193,941	$	4,641,168	$	4,395,231	$	4,157,194	$	4,252,106	$	4,193,941

Assets Under Management Rollforward
Assets under management, beginning balance	$	1,882,211	$	1,617,740	$	1,986,523	$	1,855,657	$	1,882,211	$	1,861,124	$	1,758,875
Net client flows	61,788		56,734		23,517		14,314		23,957		22,493		21,289

Market valuation/other	165,947		186,650		99,906		116,552		(50,511)		(1,406)		80,960
Total assets under management, ending balance	$	2,109,946	$	1,861,124	$	2,109,946	$	1,986,523	$	1,855,657	$	1,882,211	$	1,861,124

(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.			17


Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Net interest income	$	9,373		$	9,965		$	3,141		$	3,081		$	3,151		$	3,270		$	3,230
Noninterest income:
Service charges	2,553			2,327			863			864			826			808			802
Investment banking fees	2,769			2,468			1,155			767			847			985			783
All other income	3,217			3,107			1,086			978			1,153			1,028			1,019
Total noninterest income	8,539			7,902			3,104			2,609			2,826			2,821			2,604
Total revenue, net of interest expense	17,912			17,867			6,245			5,690			5,977			6,091			5,834

Provision for credit losses	700			693			269			277			154			190			229

Noninterest expense	9,298			8,902			3,044			3,070			3,184			2,951			2,991
Income before income taxes	7,914			8,272			2,932			2,343			2,639			2,950			2,614
Income tax expense	2,176			2,275			806			644			726			811			719
Net income	$	5,738		$	5,997		$	2,126		$	1,699		$	1,913		$	2,139		$	1,895

Net interest yield	1.97		%	2.36		%	1.88		%	1.94		%	2.11		%	2.13		%	2.22		%
Efficiency ratio	51.91			49.82			48.72			53.97			53.27			48.44			51.27
Return on average allocated capital (1)	15			16			17			13			15			17			15

Balance Sheet
Average
Total loans and leases	$	385,062		$	372,516		$	388,482		$	387,864		$	378,733		$	375,345		$	371,216
Total earning assets (2)	635,629			563,649			663,181			636,286			606,802			611,171			578,988
Total assets (2)	703,198			631,659			730,779			703,874			674,322			679,218			647,541
Total deposits	603,591			533,620			631,560			603,410			575,185			581,950			549,629
Allocated capital (1)	50,750			49,250			50,750			50,750			50,750			49,250			49,250

Period end
Total loans and leases	$	386,828		$	375,159		$	386,828		$	390,691		$	384,208		$	379,473		$	375,159
Total earning assets (2)	669,970			583,742			669,970			671,098			620,055			603,481			583,742
Total assets (2)	738,273			650,936			738,273			739,759			687,702			670,905			650,936
Total deposits	640,801			556,953			640,801			643,529			591,619			578,159			556,953

(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.			18


Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Investment Banking fees (1)
Advisory (2)	$	1,166		$	990		$	536		$	291		$	339		$	514		$	351
Debt issuance	1,227			1,078			472			346			409			320			332
Equity issuance	376			400			147			130			99			151			100
Total Investment Banking fees (3)	$	2,769		$	2,468		$	1,155		$	767		$	847		$	985		$	783

Business Lending
Corporate	$	2,980		$	3,427		$	1,079		$	987		$	914		$	1,036		$	1,102
Commercial	3,447			3,773			1,157			1,161			1,129			1,254			1,246
Business Banking	165			174			56			55			54			57			57
Total Business Lending revenue	$	6,592		$	7,374		$	2,292		$	2,203		$	2,097		$	2,347		$	2,405

Global Transaction Services
Corporate	$	3,884		$	3,839		$	1,326		$	1,270		$	1,288		$	1,286		$	1,243
Commercial	3,093			2,876			1,043			1,018			1,032			1,030			968
Business Banking	1,091			1,092			370			361			360			382			369
Total Global Transaction Services revenue	$	8,068		$	7,807		$	2,739		$	2,649		$	2,680		$	2,698		$	2,580

Average deposit balances
Interest-bearing	$	453,341		$	375,187		$	483,285		$	453,768		$	422,300		$	425,165		$	395,459
Noninterest-bearing	150,250			158,433			148,275			149,642			152,885			156,785			154,170
Total average deposits	$	603,591		$	533,620		$	631,560		$	603,410		$	575,185		$	581,950		$	549,629



Provision for credit losses	$	700		$	693		$	269		$	277		$	154		$	190		$	229

Credit quality (4, 5)
Reservable criticized utilized exposure	$	22,637		$	24,934		$	22,637		$	24,298		$	24,446		$	23,574		$	24,934
	5.55		%	6.30		%	5.55		%	5.90		%	6.04		%	5.90		%	6.30		%

Nonperforming loans, leases and foreclosed properties	$	2,395		$	2,780		$	2,395		$	3,114		$	2,987		$	2,970		$	2,780
	0.62		%	0.75		%	0.62		%	0.80		%	0.78		%	0.79		%	0.75		%

Average loans and leases by product
U.S. commercial	$	240,725		$	228,243		$	244,131		$	242,431		$	235,518		$	234,533		$	230,051
Non-U.S. commercial	79,547			74,524			79,811			80,672			78,141			74,632			73,077
Commercial real estate	48,528			54,440			48,256			48,397			48,939			50,452			52,672
Commercial lease financing	16,261			15,307			16,282			16,364			16,135			15,727			15,415
Other	1			2			2			—			—			1			1
Total average loans and leases	$	385,062		$	372,516		$	388,482		$	387,864		$	378,733		$	375,345		$	371,216

Total Corporation Investment Banking fees
Advisory (2)	$	1,300		$	1,134		$	583		$	333		$	384		$	556		$	387
Debt issuance	2,888			2,545			1,109			837			942			765			780
Equity issuance	962			990			362			328			272			364			270
Total investment banking fees including self-led deals	5,150			4,669			2,054			1,498			1,598			1,685			1,437
Self-led deals	(186)			(137)			(41)			(70)			(75)			(31)			(34)
Total Investment Banking fees	$	4,964		$	4,532		$	2,013		$	1,428		$	1,523		$	1,654		$	1,403

(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.			19


Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2025			Second Quarter 2025			First Quarter 2025			Fourth Quarter 2024			Third Quarter 2024
	2025			2024
Net interest income	$	3,940		$	2,349		$	1,484		$	1,267		$	1,189		$	1,026		$	898
Noninterest income:
Investment and brokerage services	1,883			1,573			614			642			627			555			562
Investment banking fees	2,181			2,016			834			666			681			639			589
Market making and similar activities	10,063			10,397			3,141			3,300			3,622			2,381			3,349
All other income	721			637			151			105			465			239			232
Total noninterest income	14,848			14,623			4,740			4,713			5,395			3,814			4,732
Total revenue, net of interest expense (1)	18,788			16,972			6,224			5,980			6,584			4,840			5,630

Provision for credit losses	59			(42)			9			22			28			10			7

Noninterest expense	11,512			10,421			3,895			3,806			3,811			3,505			3,443
Income before income taxes	7,217			6,593			2,320			2,152			2,745			1,325			2,180
Income tax expense	2,093			1,912			673			624			796			384			632
Net income	$	5,124		$	4,681		$	1,647		$	1,528		$	1,949		$	941		$	1,548

Efficiency ratio	61.27			61.40			62.59			63.63			57.89			72.39			61.17

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

Balance Sheet
Average
Total trading-related assets	$	681,788		$	638,425		$	676,621		$	700,413		$	668,237		$	620,903		$	645,607
Total loans and leases	175,777			136,572			190,994			176,368			159,625			152,426			140,806
Total earning assets	802,375			709,208			813,197			825,835			767,592			714,762			728,186
Total assets	1,005,768			909,386			1,024,349			1,023,011			969,340			918,660			924,093
Total deposits	38,141			33,167			37,588			38,040			38,809			36,958			34,952
Allocated capital (2)	49,000			45,500			49,000			49,000			49,000			45,500			45,500


Period end
Total trading-related assets	$	637,676		$	653,798		$	637,676		$	670,649		$	660,267		$	580,557		$	653,798
Total loans and leases	196,759			148,447			196,759			187,357			166,348			157,450			148,447
Total earning assets	792,746			742,221			792,746			806,289			761,826			687,678			742,221
Total assets	997,461			958,227			997,461			1,017,649			959,533			876,605			958,227
Total deposits	36,883			35,142			36,883			38,232			38,268			38,848			35,142

Trading-related assets (average)
Trading account securities	$	350,778		$	323,223		$	361,610		$	343,971		$	346,590		$	326,572		$	325,236
Reverse repurchases	150,509			141,611			138,908			169,064			143,605			123,473			150,751
Securities borrowed	139,764			136,040			135,615			146,889			136,800			132,334			133,588
Derivative assets	40,737			37,551			40,488			40,489			41,242			38,524			36,032
Total trading-related assets	$	681,788		$	638,425		$	676,621		$	700,413		$	668,237		$	620,903		$	645,607

(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.			20


Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024
Sales and trading revenue (1)
Fixed-income, currencies and commodities	$	9,762	$	8,907	$	3,091	$	3,193	$	3,478	$	2,464	$	2,934
Equities	6,589		5,794		2,270		2,133		2,186		1,642		1,996
Total sales and trading revenue	$	16,351	$	14,701	$	5,361	$	5,326	$	5,664	$	4,106	$	4,930

Sales and trading revenue, excluding net debit valuation adjustment (2,3)
Fixed-income, currencies and commodities	$	9,787	$	8,986	$	3,077	$	3,247	$	3,463	$	2,482	$	2,942
Equities	6,582		5,809		2,270		2,130		2,182		1,643		1,996
Total sales and trading revenue, excluding net debit valuation adjustment	$	16,369	$	14,795	$	5,347	$	5,377	$	5,645	$	4,125	$	4,938

Sales and trading revenue breakdown
Net interest income	$	3,493	$	1,868	$	1,340	$	1,119	$	1,034	$	876	$	744
Commissions	1,882		1,572		614		642		626		554		561
Trading	10,061		10,395		3,140		3,299		3,622		2,381		3,348
Other	915		866		267		266		382		295		277
Total sales and trading revenue	$	16,351	$	14,701	$	5,361	$	5,326	$	5,664	$	4,106	$	4,930

(1) Includes Global Banking sales and trading revenue of $347 million and $495 million for the nine months ended September 30, 2025 and 2024, $172 million, $212 million and $(37) million for the third, second and first quarters of 2025, and $182 million and $165 million for the fourth and third 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 $(18) million and $(94) million for the nine months ended September 30, 2025 and 2024, $14 million, $(51) million and $19 million for the third, second and first quarters of 2025, and $(19) million and $(8) million for the fourth and third quarters of 2024, respectively. FICC net DVA gains (losses) were $(25) million and $(79) million for the nine months ended September 30, 2025 and 2024, $14 million, $(54) million and $15 million for the third, second and first quarters of 2025, and $(18) million and $(8) million for the fourth and third quarters of 2024, respectively. Equities net DVA gains (losses) were $7 million and $(15) million for the nine months ended September 30, 2025 and 2024, $0, $3 million and $4 million for the third, second and first quarters of 2025, and $(1) million and $0 for the fourth and third quarters of 2024, respectively.


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


Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024
Net interest income	$	(69)	$	43	$	(26)	$	(21)	$	(22)	$	(21)	$	(1)





Noninterest income (loss)	(5,007)		(5,594)		(1,679)		(1,791)		(1,537)		(2,057)		(2,151)
Total revenue, net of interest expense	(5,076)		(5,551)		(1,705)		(1,812)		(1,559)		(2,078)		(2,152)

Provision for credit losses	(13)		(16)		4		(9)		(8)		(5)		(3)



Noninterest expense	638		1,426		201		147		290		262		171
Loss before income taxes	(5,701)		(6,961)		(1,910)		(1,950)		(1,841)		(2,335)		(2,320)
Income tax expense (benefit)	(5,614)		(5,720)		(1,904)		(1,873)		(1,837)		(1,928)		(2,025)
Net income (loss)	$	(87)	$	(1,241)	$	(6)	$	(77)	$	(4)	$	(407)	$	(295)

Balance Sheet
Average
Total loans and leases	$	7,819	$	8,680	$	7,739	$	7,702	$	8,016	$	8,390	$	8,570
Total assets (2)	343,435		372,885		330,802		351,849		347,834		367,664		382,528
Total deposits	104,032		110,995		98,338		103,500		110,389		111,717		117,804

Period end
Total loans and leases	$	7,422	$	8,779	$	7,422	$	6,958	$	7,428	$	8,177	$	8,779

Total assets (3)	309,051		360,006		309,051		325,507		317,736		341,272		360,006
Total deposits	96,493		110,467		96,493		99,701		102,550		103,871		110,467

(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 $982.3 billion and $948.0 billion for the nine months ended September 30, 2025 and 2024, $992.5 billion, $979.6 billion and $974.7 billion for the third, second and first quarters of 2025, and $974.2 billion and $944.4 billion for the fourth and third 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, $1.0 trillion, $978.4 billion and $953.6 billion at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively.


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


Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	September 30 2025		June 30 2025		September 30 2024
Consumer
Residential mortgage	$	235,429	$	235,313	$	227,842
Home equity	26,482		26,142		25,483
Credit card	102,109		101,209		100,841
Direct/Indirect consumer (1)	111,412		109,730		105,695
Other consumer (2)	169		165		161
Total consumer loans excluding loans accounted for under the fair value option	475,601		472,559		460,022
Consumer loans accounted for under the fair value option (3)	165		214		229
Total consumer	475,766		472,773		460,251

Commercial
U.S. commercial	429,202		415,423		379,563
Non-U.S. commercial	148,707		148,675		127,738
Commercial real estate (4)	66,986		65,676		68,420
Commercial lease financing	16,282		15,752		14,992
	661,177		645,526		590,713
U.S. small business commercial	22,428		22,108		20,893
Total commercial loans excluding loans accounted for under the fair value option	683,605		667,634		611,606
Commercial loans accounted for under the fair value option (3)	6,529		6,649		3,943
Total commercial	690,134		674,283		615,549

Total loans and leases	$	1,165,900	$	1,147,056	$	1,075,800

(1)Includes primarily auto and specialty lending loans and leases of $55.1 billion, $54.8 billion and $54.9 billion, U.S. securities-based lending loans of $52.5 billion, $51.2 billion and $47.3 billion and non-U.S. consumer loans of $3.0 billion, $2.9 billion and $2.8 billion at September 30, 2025, June 30, 2025 and September 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 $59 million, $58 million and $63 million and home equity loans of $106 million, $156 million and $166 million at September 30, 2025, June 30, 2025 and September 30, 2024, respectively. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion, $2.5 billion and $2.7 billion and non-U.S. commercial loans of $4.3 billion, $4.1 billion and $1.3 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

(4)Includes U.S. commercial real estate loans of $61.1 billion, $59.7 billion and $61.8 billion and non-U.S. commercial real estate loans of $5.9 billion, $6.0 billion and $6.6 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.


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


Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2025
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	235,301	$	116,968	$	109,023	$	2	$	3,395	$	5,913
Home equity	26,413		22,404		2,783		—		101		1,125
Credit card	100,966		97,481		3,485		—		—		—
Direct/Indirect and other consumer	110,127		55,151		54,973		—		—		3
Total consumer	472,807		292,004		170,264		2		3,496		7,041

Commercial
U.S. commercial	443,274		28,271		66,143		244,131		104,599		130
Non-U.S. commercial	154,458		—		643		79,811		73,173		831
Commercial real estate	66,494		22		8,473		48,256		9,726		17
Commercial lease financing	16,002		—		—		16,282		—		(280)
Total commercial	680,228		28,293		75,259		388,480		187,498		698
Total loans and leases	$	1,153,035	$	320,297	$	245,523	$	388,482	$	190,994	$	7,739

	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

	Third Quarter 2024
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Consumer
Residential mortgage	$	227,800	$	114,919	$	106,159	$	1	$	—	$	6,721
Home equity	25,664		21,556		2,487		—		153		1,468
Credit card	99,908		96,512		3,395		—		—		1
Direct/Indirect and other consumer	104,732		54,451		50,280		—		—		1
Total consumer	458,104		287,438		162,321		1		153		8,191

Commercial
U.S. commercial	391,728		26,330		54,696		230,051		80,491		160
Non-U.S. commercial	125,377		—		714		73,077		51,085		501
Commercial real estate	69,404		13		7,624		52,672		9,077		18
Commercial lease financing	15,115		—		—		15,415		—		(300)
Total commercial	601,624		26,343		63,034		371,215		140,653		379
Total loans and leases	$	1,059,728	$	313,781	$	225,355	$	371,216	$	140,806	$	8,570


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


Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3, 4)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	September 30 2025		June 30 2025		September 30 2024		September 30 2025		June 30 2025		September 30 2024
Asset managers and funds	$	145,980	$	133,225	$	110,334	$	223,876	$	210,455	$	178,572
Finance companies	85,106		87,100		71,809		121,131		119,835		105,676
Capital goods	54,930		55,105		51,380		106,394		104,108		97,693
Real estate (5)	69,485		69,699		72,076		97,680		96,793		97,860
Healthcare equipment and services	36,812		36,898		34,584		68,106		66,644		64,800
Materials	29,167		29,640		25,583		60,707		62,004		56,501
Individuals and trusts	42,112		36,754		34,995		56,245		50,167		49,583
Retailing	27,022		26,763		26,952		55,603		54,041		55,240
Consumer services	30,481		29,936		28,258		55,297		55,174		53,770
Government and public education	32,253		32,747		31,954		51,589		50,402		47,706
Food, beverage and tobacco	25,087		25,149		23,986		51,328		50,436		53,632
Commercial services and supplies	24,662		24,953		23,465		46,191		45,806		42,362
Utilities	19,390		19,280		17,472		44,483		43,748		40,807
Transportation	23,532		24,424		24,214		36,736		35,831		35,834
Energy	12,553		13,771		14,033		36,055		35,790		35,580
Software and services	14,620		11,326		11,411		32,158		30,458		28,023
Technology hardware and equipment	10,269		10,638		11,156		30,031		31,429		29,504
Global commercial banks	24,329		23,509		20,922		28,344		27,339		24,330
Media	10,812		11,343		11,897		24,995		23,854		23,648
Vehicle dealers	19,113		18,618		17,681		24,665		24,496		23,424
Insurance	11,411		11,055		8,281		23,525		23,077		18,506
Pharmaceuticals and biotechnology	7,097		7,301		5,229		22,463		22,150		20,497
Consumer durables and apparel	9,592		10,244		9,380		21,516		22,264		22,197
Automobiles and components	7,888		8,109		8,359		17,052		17,355		16,798
Telecommunication services	7,025		7,049		8,708		15,628		16,312		18,156
Food and staples retailing	6,103		6,645		7,666		11,250		12,488		13,609
Financial markets infrastructure (clearinghouses)	6,437		6,355		2,880		8,671		9,431		5,104
Religious and social organizations	2,407		2,368		2,319		4,073		4,057		4,024

Total commercial credit exposure by industry	$	795,675	$	780,004	$	716,984	$	1,375,792	$	1,345,944	$	1,263,436

(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 $69.3 billion, $61.6 billion and $58.2 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $27.8 billion, $29.3 billion and $26.4 billion, which consists primarily of other marketable securities, at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

(2)Total utilized and total committed exposure includes loans of $6.5 billion, $6.6 billion and $3.9 billion and issued letters of credit with a notional amount of $87 million, $53 million and $46 million accounted for under the fair value option at September 30, 2025, June 30, 2025 and September 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, $2.2 billion and $2.4 billion at September 30, 2025, June 30, 2025 and September 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.			25


Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	September 30 2025			June 30 2025			March 31 2025			December 31 2024			September 30 2024
Residential mortgage	$	1,972		$	2,008		$	2,036		$	2,052		$	2,089
Home equity	386			393			410			409			413
Direct/Indirect consumer	173			163			167			186			175
Total consumer	2,531			2,564			2,613			2,647			2,677
U.S. commercial	1,131			1,277			1,157			1,204			699
Non-U.S. commercial	107			102			111			8			85
Commercial real estate	1,470			1,964			2,145			2,068			2,124
Commercial lease financing	59			35			26			20			18
	2,767			3,378			3,439			3,300			2,926
U.S. small business commercial	49			39			31			28			26
Total commercial	2,816			3,417			3,470			3,328			2,952
Total nonperforming loans and leases	5,347			5,981			6,083			5,975			5,629
Foreclosed properties (1)	123			123			118			145			195
Total nonperforming loans, leases, and foreclosed properties (2, 3)	$	5,470		$	6,104		$	6,201		$	6,120		$	5,824

Fully-insured home loans past due 30 days or more and still accruing	$	439		$	419		$	460		$	488		$	463
Consumer credit card past due 30 days or more and still accruing	2,464			2,388			2,497			2,638			2,563
Other loans past due 30 days or more and still accruing	3,637			3,240			3,531			3,486			3,483
Total loans past due 30 days or more and still accruing (4, 5)	$	6,540		$	6,047		$	6,488		$	6,612		$	6,509

Fully-insured home loans past due 90 days or more and still accruing	$	201		$	196		$	234		$	229		$	215
Consumer credit card past due 90 days or more and still accruing	1,260			1,257			1,334			1,401			1,306
Other loans past due 90 days or more and still accruing	637			298			299			301			626
Total loans past due 90 days or more and still accruing (5)	$	2,098		$	1,751		$	1,867		$	1,931		$	2,147

Nonperforming loans, leases and foreclosed properties/Total assets (6)	0.16		%	0.18		%	0.19		%	0.19		%	0.18		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (6)	0.47			0.54			0.56			0.56			0.54
Nonperforming loans and leases/Total loans and leases (6)	0.46			0.52			0.55			0.55			0.53
Commercial reservable criticized utilized exposure (7)	$	26,332		$	27,904		$	27,652		$	26,495		$	27,439
Commercial reservable criticized utilized exposure/Commercial reservable utilized exposure (6)	3.67		%	3.98		%	4.12		%	4.01		%	4.25		%
Total commercial criticized utilized exposure/Commercial utilized exposure (7)	3.62			3.88			4.35			4.16			4.45

(1)Includes repossessed assets of $41 million for the third quarter and $35 million for both the second and first quarters of 2025, and $31 million and $22 million for the fourth and third quarters of 2024.

(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 $521 million, $481 million, $583 million, $731 million and $785 million at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 30, 2024, respectively.

(4)Balances do not include loans held-for-sale past due 30 days or more and still accruing of $49 million, $27 million, $37 million, $84 million and $166 million at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 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 $6.7 billion, $6.9 billion, $5.4 billion, $4.2 billion and $4.2 billion at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 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.			26


Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	2,564	$	2,613	$	2,647	$	2,677	$	2,671

Additions	253		264		242		260		232


Reductions:
Paydowns and payoffs	(137)		(132)		(111)		(132)		(98)
Sales	(1)		(1)		(1)		(2)		(1)
Returns to performing status (2)	(136)		(157)		(154)		(140)		(115)
Charge-offs (3)	(5)		(13)		(5)		(7)		(8)
Transfers to foreclosed properties	(7)		(10)		(5)		(9)		(4)

Total net additions (reductions) to nonperforming loans and leases	(33)		(49)		(34)		(30)		6
Total nonperforming consumer loans and leases, end of period	2,531		2,564		2,613		2,647		2,677
Foreclosed properties (4)	97		94		88		89		81
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	2,628	$	2,658	$	2,701	$	2,736	$	2,758

Nonperforming Commercial Loans and Leases (5):
Balance, beginning of period	$	3,417	$	3,470	$	3,328	$	2,952	$	2,802

Additions	550		1,105		644		1,239		965
Reductions:
Paydowns	(834)		(484)		(275)		(570)		(374)
Sales	(19)		(107)		—		(15)		(7)
Returns to performing status (6)	(12)		(219)		(9)		(28)		(21)
Charge-offs	(286)		(348)		(218)		(250)		(386)
Transfers to foreclosed properties	—		—		—		—		(27)

Total net additions (reductions) to nonperforming loans and leases	(601)		(53)		142		376		150
Total nonperforming commercial loans and leases, end of period	2,816		3,417		3,470		3,328		2,952
Foreclosed properties (4)	26		29		30		56		114
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	2,842	$	3,446	$	3,500	$	3,384	$	3,066

(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 $38 million in consumer loans and $3 million in commercial loans for the third quarter of 2025. Includes $33 million, $32 million, $29 million and $21 million in consumer loans and $2 million, $3 million, $2 million and $1 million in commercial loans for the second and first quarters of 2025 and the fourth and third 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.			27


Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	Third Quarter 2025				Second Quarter 2025				First Quarter 2025				Fourth Quarter 2024				Third Quarter 2024
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Net Charge-offs
Residential mortgage	$	(1)	—	%	$	2	—	%	$	—	—	%	$	(1)	—	%	$	(2)	—	%
Home equity	(11)		(0.17)		(10)		(0.15)		(12)		(0.19)		(9)		(0.14)		(5)		(0.07)
Credit card	880		3.46		954		3.82		1,001		4.05		963		3.79		928		3.70

Direct/Indirect consumer	55		0.20		47		0.17		70		0.27		67		0.25		56		0.21
Other consumer	55		n/m		66		n/m		60		n/m		87		n/m		67		n/m
Total consumer	978		0.82		1,059		0.90		1,119		0.98		1,107		0.96		1,044		0.91
U.S. commercial	135		0.13		129		0.13		70		0.07		100		0.10		135		0.15
Non-U.S. commercial	—		—		—		—		7		0.02		19		0.06		60		0.19
Total commercial and industrial	135		0.09		129		0.09		77		0.06		119		0.09		195		0.16
Commercial real estate	120		0.72		202		1.24		123		0.75		117		0.70		171		0.98
Commercial lease financing	—		—		1		0.02		—		—		—		—		—		—
	255		0.16		332		0.21		200		0.13		236		0.16		366		0.25
U.S. small business commercial	134		2.41		134		2.48		133		2.57		123		2.37		124		2.40
Total commercial	389		0.23		466		0.29		333		0.22		359		0.23		490		0.33
Total net charge-offs	$	1,367	0.47		$	1,525	0.55		$	1,452	0.54		$	1,466	0.54		$	1,534	0.58

By Business Segment and All Other
Consumer Banking	$	1,122	1.39	%	$	1,200	1.51	%	$	1,262	1.62	%	$	1,246	1.57	%	$	1,175	1.49	%
Global Wealth & Investment Management	8		0.01		10		0.02		9		0.02		10		0.02		10		0.02
Global Banking	250		0.26		303		0.32		187		0.20		220		0.23		358		0.39
Global Markets	(1)		—		25		0.06		6		0.01		2		0.01		1		—
All Other	(12)		(0.61)		(13)		(0.68)		(12)		(0.62)		(12)		(0.59)		(10)		(0.44)
Total net charge-offs	$	1,367	0.47		$	1,525	0.55		$	1,452	0.54		$	1,466	0.54		$	1,534	0.58

(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.			28


Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	Nine Months Ended September 30
	2025				2024
	Amount		Percent		Amount		Percent
Net Charge-offs
Residential mortgage	$	1	—	%	$	1	—	%
Home equity	(33)		(0.17)		(32)		(0.17)
Credit card	2,835		3.78		2,782		3.73

Direct/Indirect consumer	172		0.21		172		0.22
Other consumer	181		n/m		208		n/m
Total consumer	3,156		0.90		3,131		0.92
U.S. commercial	334		0.11		288		0.11
Non-U.S. commercial	7		0.01		48		0.05
Total commercial and industrial	341		0.08		336		0.09
Commercial real estate	445		0.90		747		1.41
Commercial lease financing	1		0.01		1		0.01
	787		0.17		1,084		0.25
U.S. small business commercial	401		2.49		350		2.32
Total commercial	1,188		0.24		1,434		0.32
Total net charge-offs	$	4,344	0.52		$	4,565	0.58

By Business Segment and All Other
Consumer Banking	$	3,584	1.51	%	$	3,507	1.50	%
Global Wealth & Investment Management	27		0.02		38		0.02
Global Banking	740		0.26		1,054		0.38
Global Markets	30		0.02		3		—
All Other	(37)		(0.64)		(37)		(0.56)
Total net charge-offs	$	4,344	0.52		$	4,565	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.			29


Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	September 30, 2025		June 30, 2025			September 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	$	321	0.14%	$	290		0.12%	$	280	0.12%
Home equity	87		0.33	56			0.21	29		0.11
Credit card	7,272		7.12	7,456			7.37	7,492		7.43

Direct/Indirect consumer	713		0.64	712			0.65	730		0.69
Other consumer	59		n/m	64			n/m	62		n/m
Total consumer	8,452		1.78	8,578			1.82	8,593		1.87
U.S. commercial (2)	2,896		0.64	2,816			0.64	2,567		0.64
Non-U.S. commercial	813		0.55	773			0.52	766		0.60
Commercial real estate	1,045		1.56	1,082			1.65	1,287		1.88
Commercial lease financing	46		0.28	42			0.27	38		0.25
Total commercial	4,800		0.70	4,713			0.71	4,658		0.76
Allowance for loan and lease losses	13,252		1.14	13,291			1.17	13,251		1.24


Reserve for unfunded lending commitments	1,109			1,143				1,100
Allowance for credit losses	$	14,361		$	14,434			$	14,351

Asset Quality Indicators

Allowance for loan and lease losses/Total loans and leases (1)			1.14%				1.17%			1.24%

Allowance for loan and lease losses/Total nonperforming loans and leases			248				222			235

Ratio of the allowance for loan and lease losses/Annualized net charge-offs			2.44				2.17			2.17

(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 $1.4 billion, $1.3 billion and $1.2 billion at September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

n/m = not meaningful


Current-period information is preliminary and based on company data available at the time of the presentation.			30

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 nine months ended September 30, 2025 and 2024 and the three months ended September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024 and September 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.


	Nine Months Ended September 30				Third Quarter 2025		Second Quarter 2025		First Quarter 2025		Fourth Quarter 2024		Third Quarter 2024
	2025		2024





























Reconciliation of income before income taxes to pretax, pre-provision income
Income before income taxes	$	25,260	$	22,146	$	9,456	$	7,688	$	8,116	$	7,108	$	7,324
Provision for credit losses	4,367		4,369		1,295		1,592		1,480		1,452		1,542
Pretax, pre-provision income	$	29,627	$	26,515	$	10,751	$	9,280	$	9,596	$	8,560	$	8,866

Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity
Shareholders’ equity	$	298,249	$	293,638	$	301,975	$	296,917	$	295,787	$	295,134	$	294,985
Goodwill	(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)	(1,893)		(1,971)		(1,873)		(1,893)		(1,912)		(1,932)		(1,951)
Related deferred tax liabilities	845		869		839		846		851		859		864
Tangible shareholders’ equity	$	228,180	$	223,515	$	231,920	$	226,849	$	225,705	$	225,040	$	224,877
Preferred stock	(23,381)		(27,493)		(25,232)		(22,573)		(22,307)		(23,493)		(25,984)
Tangible common shareholders’ equity	$	204,799	$	196,022	$	206,688	$	204,276	$	203,398	$	201,547	$	198,893








Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity
Shareholders’ equity	$	304,152	$	296,512	$	304,152	$	299,599	$	295,581	$	295,559	$	296,512
Goodwill	(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)	(1,860)		(1,938)		(1,860)		(1,880)		(1,899)		(1,919)		(1,938)
Related deferred tax liabilities	828		859		828		842		846		851		859
Tangible shareholders’ equity	$	234,099	$	226,412	$	234,099	$	229,540	$	225,507	$	225,470	$	226,412
Preferred stock	(25,992)		(24,554)		(25,992)		(23,495)		(20,499)		(23,159)		(24,554)
Tangible common shareholders’ equity	$	208,107	$	201,858	$	208,107	$	206,045	$	205,008	$	202,311	$	201,858

Reconciliation of period-end assets to period-end tangible assets
Assets	$	3,403,216	$	3,324,293	$	3,403,216	$	3,441,142	$	3,349,424	$	3,261,519	$	3,324,293
Goodwill	(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)		(69,021)
Intangible assets (excluding mortgage servicing rights)	(1,860)		(1,938)		(1,860)		(1,880)		(1,899)		(1,919)		(1,938)
Related deferred tax liabilities	828		859		828		842		846		851		859
Tangible assets	$	3,333,163	$	3,254,193	$	3,333,163	$	3,371,083	$	3,279,350	$	3,191,430	$	3,254,193

Book value per share of common stock
Common shareholders’ equity	$	278,160	$	271,958	$	278,160	$	276,104	$	275,082	$	272,400	$	271,958
Ending common shares issued and outstanding	7,329.4		7,688.8		7,329.4		7,436.7		7,560.1		7,610.9		7,688.8
Book value per share of common stock	$	37.95	$	35.37	$	37.95	$	37.13	$	36.39	$	35.79	$	35.37

Tangible book value per share of common stock
Tangible common shareholders’ equity	$	208,107	$	201,858	$	208,107	$	206,045	$	205,008	$	202,311	$	201,858
Ending common shares issued and outstanding	7,329.4		7,688.8		7,329.4		7,436.7		7,560.1		7,610.9		7,688.8
Tangible book value per share of common stock	$	28.39	$	26.25	$	28.39	$	27.71	$	27.12	$	26.58	$	26.25


Current-period information is preliminary and based on company data available at the time of the presentation.			31