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Bank of America 3Q25 Financial Results October 15, 2025

Note: IB stands for investment banking. ROA stands for return on average assets. ROE stands for return on average common shareholders’ equity. ROTCE stands for return on average tangible common shareholders’ equity. 1 End of period (EOP). 2 CET1 stands for common equity tier 1 capital. CET1 ratio at September 30, 2025, is preliminary. 3 GLS stands for average Global Liquidity Sources. See note A on slide 26 for definition of Global Liquidity Sources. 4 Revenue, net of interest expense. 5 Diluted earnings per share. 6 Operating leverage calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. 7 Represents a non-GAAP financial measure. For important presentation information, see slide 29. 3Q25 Highlights 2 Balance Sheet Strength Revenue Growth Earnings Growth Deposits $2.0T1 +4% YoY Loans $1.2T1 +8% YoY CET1 11.6% well above reg. min.2 Robust liquidity GLS $961B3 Revenue $28.1B4 +11% YoY Net interest income +9% YoY Sales & trading +9% YoY IB fees +43% YoY Asset mgmt. fees +12% YoY Net income $8.5B +23% YoY EPS $1.065 +31% YoY Operating leverage6 5.6% Efficiency ratio 62% ROA 0.98% ROE 11.5% ROTCE 15.4%7

Note: Amounts may not total due to rounding. 1 For more information on reserve build (release), see note B on slide 26. 2 Represent non-GAAP financial measures. For more information on pretax, pre-provision income and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. Summary Income Statement ($B, except per share data) 3Q25 2Q25 Inc / (Dec) 3Q24 Inc / (Dec) Total revenue, net of interest expense $28.1 $26.5 $1.6 6 % $25.3 $2.7 11 % Provision for credit losses 1.3 1.6 (0.3) (19) 1.5 (0.2) (16) Net charge-offs 1.4 1.5 (0.2) (10) 1.5 (0.2) (11) Reserve build (release)1 (0.1) 0.1 (0.1) N/M — (0.1) N/M Noninterest expense 17.3 17.2 0.2 1 16.5 0.9 5 Pretax income 9.5 7.7 1.8 23 7.3 2.1 29 Pretax, pre-provision income2 10.8 9.3 1.5 16 8.9 1.9 21 Income tax expense 1.0 0.6 0.4 73 0.4 0.6 131 Net income $8.5 $7.1 $1.4 19 $6.9 $1.6 23 Diluted earnings per share $1.06 $0.89 $0.17 19 $0.81 $0.25 31 Average diluted common shares (in millions) 7,627 7,652 (24) — 7,902 (275) (3) Return Metrics and Efficiency Ratio Return on average assets 0.98 % 0.83 % 0.83 % Return on average common shareholders' equity 11.5 10.0 9.4 Return on average tangible common shareholders' equity2 15.4 13.4 12.8 Efficiency ratio 62 65 65 3Q25 Financial Results 3

• Net income of $8.5B; EPS of $1.06; ROE 11.5%, ROTCE1 15.4% • Revenue, net of interest expense, of $28.1B ($28.2B FTE)1 increased $2.7B, or 11%, reflecting higher net interest income (NII), investment banking and asset management fees, as well as sales and trading revenue – NII of $15.2B ($15.4B FTE)1 increased $1.3B, or 9%; up $0.6B, or 4%, vs. 2Q25 – Noninterest income of $12.9B increased $1.5B, or 13%; up $1.1B, or 9%, vs. 2Q25 • Provision for credit losses of $1.3B in 3Q25 vs. $1.6B in 2Q25 and $1.5B in 3Q24 – Net charge-offs (NCOs)2 of $1.4B declined $0.2B from 2Q25 and 3Q24 • Noninterest expense of $17.3B increased $0.9B, or 5% – Operating leverage of 5.6% • Balance sheet remained strong – Average deposits of $1.99T increased $71B, or 4% – Average loans and leases of $1.15T increased $93B, or 9% – Average Global Liquidity Sources3 of $961B – CET1 capital of $203B increased $2B from 2Q25 – CET1 ratio of 11.6%4 vs. 11.5% in 2Q25; well above regulatory minimum – Paid $2.1B in common dividends and repurchased $5.3B of common stock Note: FTE stands for fully taxable-equivalent basis. 1 Represent non-GAAP financial measures. For important presentation information, see slide 29. 2 Excludes loans accounted for under the fair value option. 3 See note A on slide 26 for definition of Global Liquidity Sources. 4 CET1 ratio at September 30, 2025, is preliminary. 3Q25 Highlights (Comparisons to 3Q24, unless otherwise noted) 4

14th consecutive quarter of YoY sales and trading revenue growth Record YTD sales and trading revenue Record 3Q Equities sales and trading revenue 20th consecutive quarter of average loan growth Added ~212,000 net new checking accounts; 27 consecutive quarters of net growth ~1MM new credit card accounts1 Consumer investment assets of $580B,2 up 17% YoY; over 4MM accounts with $19B flows since 3Q24 Grew Small Business average loans 7% YoY 1 Includes credit cards across Consumer Banking, Small Business, and Global Wealth & Investment Management (GWIM). 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and assets under management (AUM) in Consumer Banking. GWIM client balances include deposits, loans and leases, AUM, brokerage, and other assets. 3 Investment balances include AUM, brokerage, and other assets. 4 Includes net client flows across Merrill, Private Bank, and Consumer Investments. 5 Source: Dealogic as of September 30, 2025. 6 Includes loans to Global Commercial Banking clients, excluding commercial real estate and specialized industries. #3 investment banking fee ranking; gained 136 bps market share vs. 3Q245 Grew average deposits 15% YoY to $632B Treasury service charges increased 12% YoY Grew Middle Market average loans 6% YoY6 $4.6T client balances,2 up 11% YoY, with AUM balances of $2.1T, up 13% Added ~5,400 net new relationships across Merrill and Private Bank Opened ~32,000 new bank accounts; 63% of clients have banking relationship Continued Organic Growth in 3Q25 5 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets $6.4T total deposits, loans, and investment balances3 $101B total net wealth spectrum client flows since 3Q244

Balance Sheet Metrics 3Q25 2Q25 3Q24 Basel 3 Capital ($B)3 3Q25 2Q25 3Q24 Assets ($B) Common equity tier 1 capital $203 $201 $200 Total assets $3,403 $3,441 $3,324 Standardized approach Total loans and leases 1,166 1,147 1,076 Risk-weighted assets (RWA) $1,753 $1,748 $1,689 Cash and cash equivalents 247 266 296 CET1 ratio 11.6 % 11.5 % 11.8 % Total debt securities 936 930 893 Advanced approaches Carried at fair value 405 389 325 Risk-weighted assets $1,548 $1,546 $1,482 Held-to-maturity, at cost 531 541 568 CET1 ratio 13.1 % 13.0 % 13.5 % Supplementary leverage Funding & Liquidity ($B) Supplementary Leverage Ratio 5.8 % 5.7 % 5.9 % Total deposits $2,002 $2,012 $1,930 Long-term debt 311 313 297 Global Liquidity Sources (average)1 961 938 947 Equity ($B) Common shareholders' equity $278 $276 $272 Common equity ratio 8.2 % 8.0 % 8.2 % Tangible common shareholders' equity2 $208 $206 $202 Tangible common equity ratio2 6.2 % 6.1 % 6.2 % Per Share Data Book value per common share $37.95 $37.13 $35.37 Tangible book value per common share2 28.39 27.71 26.25 Common shares outstanding (in billions) 7.33 7.44 7.69 1 See note A on slide 26 for definition of Global Liquidity Sources. 2 Represent non-GAAP financial measures. For important presentation information, see slide 29. 3 Regulatory capital ratios at September 30, 2025, are preliminary. Bank of America Corporation (Corporation) reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. Balance Sheet, Liquidity, and Capital (EOP basis unless noted) 6 • CET1 ratio of 11.6% increased 6 bps vs. 2Q253 – CET1 capital of $203B increased $2B – Standardized RWA of $1.8T increased $5B • Book value per share of $37.95 improved 7% from 3Q24; tangible book value per share of $28.39 improved 8% from 3Q242 • Average Global Liquidity Sources of $961B increased $23B from 2Q251

$1.88 $1.88 $1.91 $1.91 $1.91 $1.92 $1.96 $1.96 $1.97 $1.99 Total rate paid Noninterest-bearing Interest-bearing 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0.00 $0.50 $1.00 $1.50 $2.00 0.00% 1.00% 2.00% 3.00% 4.00% Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($T) Average Deposit and Rate Paid Trends 7 $1,006$980 $959 $952 $949 $938 $942 $948 $952 $947 Total rate paid Low-interest and noninterest checking Other deposits 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $300 $600 $900 $1,200 0.00% 1.00% 2.00% 3.00% 4.00% $295 $292 $292 $297 $288 $280 $285 $286 $277 $277 Total rate paid Sweep deposits Bank deposits 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $100 $200 $300 2.00% 3.00% 4.00% 5.00% $498 $504 $528 $526 $525 $550 $582 $575 $603 $632 Total rate paid Noninterest-bearing Interest-bearing 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $175 $350 $525 $700 2.00% 3.00% 4.00% 5.00% Note: Total Corporation also includes Global Markets and All Other. 1 Includes Preferred deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 1 1.78% 0.58% 2.49% 2.80% 1.76% 2.47% 2.77% 0.58% 2.10% 0.65% 3.13% 3.27%

$1,051 $1,073 $1,086 $1,121 $1,145 314 316 315 319 320 225 229 232 237 246 371 375 379 388 388 141 152 160 176 191 Consumer Banking GWIM Global Banking Global Markets 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 $1,060 $1,081 $1,094 $1,128 $1,153 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 +2% +9% +5% +36% Average Loan and Lease Trends YoY +9% YoY +9% Note: Amounts may not total due to rounding. 1 Total Corporation also includes All Other. 2 Includes residential mortgage and home equity. 3 Includes direct / indirect and other consumer and commercial lease financing. Total Loans and Leases by Product ($B) Loans and Leases in Business Segments ($B)1 Total Loans and Leases by Portfolio ($B)Total Loans and Leases ($B) $458 $461 $462 $470 $473 $602 $620 $632 $658 $680 Consumer Commercial 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 $750 8 $1,060 $1,081 $1,094 $1,128 $1,153 392 405 412 427 443 253 254 254 261 262 125 133 139 149 154 120 122 123 125 126100 101 100 100 10169 67 66 66 66 U.S. commercial Home lending Non-U.S. commercial Other Consumer credit card Commercial real estate 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 3 2

• Net interest income of $15.2B ($15.4B FTE)1 – Increased $0.6B from 2Q25, driven by higher NII related to Global Markets (GM) activity, fixed-rate asset repricing, one additional day of interest accrual, and higher deposit and loan balances – Increased $1.3B from 3Q24, driven by higher NII related to GM activity, fixed-rate asset repricing, and higher deposit and loan balances, partially offset by the impact of lower interest rates • Net interest yield of 2.01% increased 7 bps from 2Q25 and increased 9 bps from 3Q24 – Blended cash and securities yield of 3.21% vs. total deposit rate paid of 1.78% – Excluding GM, net interest yield of 2.48%1 • 100 bps parallel shift below the September 30, 2025, forward interest rate yield curve is estimated to reduce net interest income by $2.2B over the next 12 months2 • Expect 4Q25 NII (FTE) of $15.6B to $15.7B, up ~8% vs. 4Q243 Net Interest Income (FTE, $B)1 Net Interest Income Net Interest Yield (FTE)1 Note: Amounts may not total due to rounding. 1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $1.5B, $1.3B, $1.2B, $1.0B, and $0.9B and average earning assets of $813.2B, $825.8B, $767.6B, $714.8B, and $728.2B for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively. The Corporation believes the presentation of NII and net interest yield excluding Global Markets provides investors with transparency of NII and net interest yield in core banking activities. For important presentation information, see slide 29. 2 As of September 30, 2025. NII asset sensitivity represents banking book positions using behavioral deposit changes. See note D on slide 26 for information on asset sensitivity assumptions. 3 Represents a non-GAAP financial measure. For important presentation information, see slide 29. A reconciliation to the most directly comparable GAAP measure is not included as it cannot be prepared without unreasonable effort. For cautionary information in connection with this forward-looking statement, see note E on slide 26 and slide 28. 1.92% 1.97% 1.99% 1.94% 2.01% 2.40% 2.42% 2.47% 2.44% 2.48% Reported net interest yield Net interest yield excl. GM 3Q24 4Q24 1Q25 2Q25 3Q25 1.00% 1.50% 2.00% 2.50% 3.00% $14.1 $14.5 $14.6 $14.8 $15.4 $14.0 $14.4 $14.4 $14.7 $15.2 Net interest income (GAAP) FTE adjustment 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $4.0 $8.0 $12.0 $16.0 9 Net Interest Income Mix (FTE, $B)1 $14.1 $14.5 $14.6 $14.8 $15.4 $13.2 $13.5 $13.4 $13.5 $13.9 NII excl. GM GM NII 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $4.0 $8.0 $12.0 $16.0

• 3Q25 noninterest expense of $17.3B – Increased $0.2B, or 1%, vs. 2Q25, driven primarily by investments in people and technology, as well as higher revenue-related expenses – Increased $0.9B, or 5%, vs. 3Q24, driven by investments in people, brand, and technology, as well as higher revenue-related expenses • 5.6% operating leverage in 3Q25 – Expect to deliver operating leverage in 4Q251 $16.5 $16.8 $17.8 $17.2 $17.3 9.9 10.2 10.9 10.3 10.5 6.6 6.5 6.9 6.9 6.8 Compensation and benefits Other 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $10.0 $20.0 65% 66% 65% 65% 62% 3Q24 4Q24 1Q25 2Q25 3Q25 50% 60% 70% Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency Note: Amounts may not total due to rounding. 1 Outlook on operating leverage is a forward-looking statement that is subject to uncertainty and is not a guarantee of future results or performance. For cautionary information in connection with forward-looking statements, see slide 28. 10

Asset Quality 1 Excludes loans measured at fair value. 2 Allowance for loan and lease losses ratio is calculated as allowance for loan and lease losses divided by loans and leases outstanding at the end of the period. Provision for Credit Losses ($MM) Net Charge-offs ($MM)1 $1,542 $1,452 $1,480 $1,592 $1,295 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $500 $1,000 $1,500 $2,000 $1,534 $1,466 $1,452 $1,525 $1,367 0.58% 0.54% 0.54% 0.55% 0.47% Net charge-offs Net charge-off ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $500 $1,000 $1,500 $2,000 0.00% 0.25% 0.50% 0.75% 1.00% 11 • Total net charge-offs1 of $1.4B decreased $158MM from 2Q25 – Consumer net charge-offs of $1.0B decreased $81MM, driven by lower credit card losses ▪ Credit card charge-off rate of 3.46% in 3Q25 vs. 3.82% in 2Q25 – Commercial net charge-offs of $389MM decreased $77MM, driven by lower commercial real estate office losses – Net charge-off ratio of 0.47% vs. 0.55% in 2Q25 • Provision for credit losses of $1.3B decreased $297MM from 2Q25 – Net reserve release of $72MM in 3Q25 vs. net reserve build of $67MM in 2Q25 • Allowance for loan and lease losses of $13.3B represented 1.14% of total loans and leases1,2 – Total allowance of $14.4B included $1.1B for unfunded commitments • Nonperforming loans of $5.3B decreased $0.6B from 2Q25 • Commercial reservable criticized utilized exposure of $26.3B decreased $1.6B from 2Q25

Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios $490 $359 $333 $466 $389 0.33% 0.23% 0.22% 0.29% 0.23% Small business Commercial real estate C&I Commercial NCO ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $200 $400 $600 0.00% 0.20% 0.40% 0.60% $1,044 $1,107 $1,119 $1,059 $978 0.91% 0.96% 0.98% 0.90% 0.82% Credit card Other Consumer NCO ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $400 $800 $1,200 0.00% 0.50% 1.00% 1.50% Commercial Metrics ($MM) 3Q25 2Q25 3Q24 Provision $437 $508 $417 Reservable criticized utilized exposure 26,332 27,904 27,439 Nonperforming loans and leases 2,816 3,417 2,952 % of loans and leases1 0.41 % 0.51 % 0.48 % Allowance for loans and leases $4,800 $4,713 $4,658 % of loans and leases1 0.70 % 0.71 % 0.76 % Commercial excl. small business NCOs $255 $332 $366 % of loans and leases1 0.16 % 0.21 % 0.25 % Consumer Metrics ($MM) 3Q25 2Q25 3Q24 Provision $858 $1,084 $1,125 Nonperforming loans and leases 2,531 2,564 2,677 % of loans and leases1 0.53 % 0.54 % 0.58 % Consumer 30+ days performing past due $4,494 $4,385 $4,463 Fully-insured2 439 419 463 Non fully-insured 4,055 3,966 4,000 Consumer 90+ days performing past due 1,470 1,461 1,522 Allowance for loans and leases 8,452 8,578 8,593 % of loans and leases1 1.78 % 1.82 % 1.87 % # times annualized NCOs 2.18 x 2.02 x 2.07 x 12 3 Note: Amounts may not total due to rounding. 1 Excludes loans measured at fair value. 2 Fully-insured loans are FHA-insured loans and other loans individually insured under long-term standby agreements. 3 C&I includes commercial and industrial and commercial lease financing.

Consumer Banking 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. 2 Cost of deposits calculated as annualized noninterest expense as a percentage of total average deposits within the Deposits sub-segment. 3 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 4 Includes consumer credit card portfolios in Consumer Banking and GWIM. 5 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit). 6 As of August 2025. Includes clients in Consumer, Small Business, and GWIM. 7 As of August 2025. Represents households with consumer bank login activities in a 90-day period. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense $11,166 $353 $748 Provision for credit losses 1,009 (273) (293) Noninterest expense 5,575 8 41 Pretax income 4,582 618 1,000 Pretax, pre-provision income1 5,591 345 707 Income tax expense 1,145 154 250 Net income $3,437 $464 $750 Key Indicators ($B) 3Q25 2Q25 3Q24 Average deposits $947.4 $952.0 $938.4 Rate paid on deposits 0.58 % 0.58 % 0.65 % Cost of deposits2 1.46 1.46 1.46 Average loans and leases $320.3 $319.1 $313.8 Net charge-off ratio 1.39 % 1.51 % 1.49 % Net charge-offs ($MM) $1,122 $1,200 $1,175 Reserve build (release) ($MM) (113) 82 127 Consumer investment assets3 580.4 539.7 496.6 Active mobile banking users (MM) 41.3 40.8 39.6 % Consumer sales through digital channels 66 % 65 % 54 % Number of financial centers 3,649 3,664 3,741 Combined credit / debit purchase volumes4 $245.2 $244.1 $231.9 Total consumer credit card risk-adjusted margin4 7.48 % 7.07 % 7.22 % Return on average allocated capital 31 27 25 Allocated capital $44.0 $44.0 $43.3 Efficiency ratio 50 % 51 % 53 % 13 • Net income of $3.4B • Revenue of $11.2B increased 7% from 3Q24, driven by higher net interest income • Provision for credit losses of $1.0B vs. $1.3B in 3Q24 – Net reserve release of $113MM vs. net reserve build of $127MM in 3Q24 – Net charge-offs of $1.1B decreased $53MM vs. 3Q24 • Noninterest expense of $5.6B increased 1% from 3Q24, driven primarily by investments in the business, including people – Efficiency ratio of 50% • Return on average allocated capital of 31% • Average deposits of $947B increased $9B, or 1%, from 3Q24 – 58% of deposits in checking accounts; 92% are primary accounts5 • Average loans and leases of $320B increased $7B, or 2%, from 3Q24 • Combined credit / debit card spend of $245B increased 6% from 3Q244 • Consumer investment assets of $580B grew $84B, or 17%, vs. 3Q24,3 driven by higher market valuations and $19B of net client flows from new and existing clients • 11.3MM clients enrolled in Preferred Rewards, up 1% from 3Q246 • 79% of households digitally active, up from 77% in 3Q247

• Net income of $1.3B • Revenue of $6.3B increased 10% from 3Q24, driven primarily by higher asset management fees from higher market valuations and strong AUM flows • Noninterest expense of $4.6B increased 6% vs. 3Q24, driven by revenue-related incentives and investments in people • Return on average allocated capital of 26% • Client balances of $4.6T increased 11% from 3Q24, driven by higher market valuations and positive net client flows – AUM flows of $24B in 3Q25; $84B since 3Q24 • 63% of clients have banking relationship – Average deposits of $277B decreased $3B, or 1%, from 3Q24 – Average loans and leases of $246B increased $20B, or 9%, from 3Q24 • Added ~5,400 net new relationships across Merrill and Private Bank in 3Q25 • 86% of GWIM households / relationships digitally active across the enterprise2 Global Wealth & Investment Management 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. 2 Represents the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. As of August 2025 for Private Bank and as of September 2025 for Merrill. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense $6,312 $375 $550 Provision for credit losses 4 (16) (3) Noninterest expense 4,622 29 282 Pretax income 1,686 362 271 Pretax, pre-provision income1 1,690 346 268 Income tax expense 421 90 67 Net income $1,265 $272 $204 Key Indicators ($B) 3Q25 2Q25 3Q24 Average deposits $276.5 $276.8 $280.0 Rate paid on deposits 2.49 % 2.47 % 3.13 % Average loans and leases $245.5 $237.4 $225.4 Net charge-off ratio 0.01 % 0.02 % 0.02 % Net charge-offs ($MM) $8 $10 $10 Reserve build (release) ($MM) (4) 10 (3) AUM flows 23.5 14.3 21.3 Pretax margin 27 % 22 % 25 % Return on average allocated capital 26 20 23 Allocated capital $19.8 $19.8 $18.5 14

Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking (IB), loan origination activities, and sales and trading activities. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense1 $6,245 $555 $411 Provision for credit losses 269 (8) 40 Noninterest expense 3,044 (26) 53 Pretax income 2,932 589 318 Pretax, pre-provision income2 3,201 581 358 Income tax expense 806 162 87 Net income $2,126 $427 $231 Selected Revenue Items ($MM) 3Q25 2Q25 3Q24 Total Corporation IB fees (excl. self-led)1 $2,013 $1,428 $1,403 Global Banking IB fees1 1,155 767 783 Business Lending revenue 2,292 2,203 2,405 Global Transaction Services revenue 2,739 2,649 2,580 Key Indicators ($B) 3Q25 2Q25 3Q24 Average deposits $631.6 $603.4 $549.6 Average loans and leases 388.5 387.9 371.2 Net charge-off ratio 0.26 % 0.32 % 0.39 % Net charge-offs ($MM) $250 $303 $358 Reserve build (release) ($MM) 19 (26) (129) Return on average allocated capital 17 % 13 % 15 % Allocated capital $50.8 $50.8 $49.3 Efficiency ratio 49 % 54 % 51 % 15 • Net income of $2.1B • Revenue of $6.2B increased 7% from 3Q24, driven primarily by higher investment banking fees and treasury services charges, partially offset by lower net interest income – Total Corporation investment banking fees (excl. self-led) of $2.0B increased 43% vs. 3Q24 • Provision for credit losses of $269MM vs. $229MM in 3Q24 – Net reserve build of $19MM vs. net reserve release of $129MM in 3Q24 – Net charge-offs of $250MM decreased $108MM from 3Q24 • Noninterest expense of $3.0B increased 2% vs. 3Q24, driven by investments in the business, including people • Return on average allocated capital of 17% • Average deposits of $632B increased $82B, or 15%, from 3Q24 • Average loans and leases of $388B increased $17B, or 5%, from 3Q24

Global Markets1 1 The explanations for current period-over-period changes for Global Markets are the same for amounts including and excluding net DVA. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Represent non-GAAP financial measures. Reported fixed income, currencies, and commodities (FICC) sales and trading revenue was $3.1B, $3.2B, and $2.9B for 3Q25, 2Q25, and 3Q24, respectively. Reported Equities sales and trading revenue was $2.3B, $2.1B, and $2.0B for 3Q25, 2Q25, and 3Q24, respectively. See note F on slide 26 and slide 29 for important presentation information. 4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 26. For important presentation information, see slide 29. 5 See note G on slide 26 for the definition of VaR. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense2 $6,224 $244 $594 Net DVA 14 65 22 Total revenue (excl. net DVA)2,3 6,210 179 572 Provision for credit losses 9 (13) 2 Noninterest expense 3,895 89 452 Pretax income 2,320 168 140 Pretax, pre-provision income4 2,329 155 142 Income tax expense 673 49 41 Net income $1,647 $119 $99 Net income (excl. net DVA)3 $1,636 $69 $82 Selected Revenue Items ($MM)2 3Q25 2Q25 3Q24 Sales and trading revenue $5,361 $5,326 $4,930 Sales and trading revenue (excl. net DVA)3 5,347 5,377 4,938 FICC (excl. net DVA)3 3,077 3,247 2,942 Equities (excl. net DVA)3 2,270 2,130 1,996 Global Markets IB fees 834 666 589 Key Indicators ($B) 3Q25 2Q25 3Q24 Average total assets $1,024.3 $1,023.0 $924.1 Average trading-related assets 676.6 700.4 645.6 Average 99% VaR ($MM)5 66 84 64 Average loans and leases 191.0 176.4 140.8 Net charge-offs ($MM) (1) 25 1 Reserve build (release) ($MM) 10 (3) 6 Return on average allocated capital 13 % 13 % 14 % Allocated capital $49.0 $49.0 $45.5 Efficiency ratio 63 % 64 % 61 % 16 • Net income of $1.6B (incl. and excl. net DVA)3 • Revenue of $6.2B increased 11% from 3Q24, driven primarily by higher sales and trading revenue and investment banking fees • Sales and trading revenue of $5.4B increased 9% from 3Q24; excluding net DVA, sales and trading revenue of $5.3B, up 8%3 – FICC revenue increased 5% to $3.1B (incl. and excl. DVA),3 driven by improved performance in credit products – Equities revenue increased 14% to $2.3B (incl. and excl. DVA),3 driven by increased client activity • Noninterest expense of $3.9B increased 13% vs. 3Q24, driven by higher revenue-related expenses and investments in the business, including people and technology • Return on average allocated capital of 13% • Average VaR of $66MM in 3Q255

All Other1 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. 2 Represent a non-GAAP financial measures. For more information and a reconciliation to the most directly comparable GAAP financial measures regarding pretax, pre-provision income (loss) and ETR, see note C and note H on slide 26. For important presentation information, see slide 29. Inc / (Dec) Summary Income Statement ($MM) 3Q25 2Q25 3Q24 Total revenue, net of interest expense ($1,705) $107 $447 Provision (benefit) for credit losses 4 13 7 Noninterest expense 201 54 30 Pretax income (loss) (1,910) 40 410 Pretax, pre-provision income (loss)2 (1,906) 53 417 Income tax expense (benefit) (1,904) (31) 121 Net income (loss) ($6) $71 $289 17 • Net loss of $6MM • The Corporation’s total effective tax rate (ETR) for the quarter was approximately 10% – The primary drivers reducing the ETR from the statutory rates were recurring tax credits primarily related to investments in renewable energy and affordable housing – Excluding the recurring tax credits and discrete tax items, the Corporation’s adjusted ETR was approximately 23%2

Supplemental Business Segment Trends

Total Expense ($B) and Efficiency Total Revenue ($B) Average Deposits ($B) Consumer Investment Assets ($B)2 and Accounts (MM) Average Loans and Leases ($B) Consumer Banking Trends Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources. 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. $10.4 $10.6 $10.5 $10.8 $11.2 8.3 8.5 8.5 8.7 9.0 2.1 2.2 2.0 2.1 2.2 Net interest income Noninterest income 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $4.0 $8.0 $12.0 $5.5 $5.6 $5.8 $5.6 $5.6 53% 53% 56% 51% 50% Noninterest expense Efficiency ratio 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $938 $942 $948 $952 $947 475 477 478 477 475 463 465 470 475 472 Low-interest and noninterest checking Other deposits 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 $750 $1,000 $314 $316 $315 $319 $320 115 115 115 118 117 97 97 97 97 97 56 57 56 57 57 22 22 22 22 22 25 25 26 26 27 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $125 $250 $375 19 $497 $518 $498 $540 $580 3.9 3.9 4.0 4.0 4.1 Assets Accounts 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $200 $400 $600 3.5 4.0 4.5 5.0 Business Leadership1 • No. 1 in U.S. Consumer Deposits(A) • No. 1 Small Business Lender(B) • No. 1 in Retail Banking Advice Satisfaction(C) • No. 1 in Banking Mobile App Satisfaction(D) • Merrill Edge Self-Directed No. 1 for Bank Brokerage(E)

Erica® Active Users and Interactions6 Zelle® vs. Cash and Checks (MM) Digitally-Enabled Sales5Digital Users2 and Households3 Client Digital Interactions (B)4 1,855 1,503 1,809 2,026 48% 46% 54% 66% Digital unit sales (K) Digital as a % of total sales 3Q22 3Q23 3Q24 3Q25 0 500 1,000 1,500 2,000 2,500 0% 25% 50% 75% 100% 2.5 2.7 3.0 3.4 3.0 3.2 3.6 4.2 Alerts sent Digital logins 3Q22 3Q23 3Q24 3Q25 0.0 1.0 2.0 3.0 4.0 5.0 43 46 48 49 56 57 58 59 72% 74% 77% 79% Active users (MM) Verified users (MM) Household adoption % 3Q22 3Q23 3Q24 3Q25 20 30 40 50 60 60% 70% 80% 90% 100% Client Engagement Person-to-Person Payments (Zelle®)7 Digital Volumes 255 323 400 459 $77 $97 $121 $143 Transactions (MM) Volume ($B) 3Q22 3Q23 3Q24 3Q25 0 100 200 300 400 500 $0 $50 $100 $150 $200 Consumer1 Digital Update Note: Amounts may not total due to rounding. 1 Includes all households / relationships with consumer platform activity, except where otherwise noted. 2 Digital active users represents Consumer and Merrill mobile and / or online 90-day active users. Verified users represents Consumer and Merrill users with a digital identification and password. 3 Household adoption represents households with consumer bank login activities in a 90-day period, as of August for each quarter presented. 4 Digital logins represents the total number of desktop and mobile banking sessions on the consumer banking platform. Alerts are digital communications sent to clients via SMS, push, and email notifications. 5 Digitally-enabled sales represent sales initiated and / or booked via our digital platforms. 6 Erica engagement represents mobile and online activity across client facing platforms powered by Erica. 7 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. 17.7 21.0 23.2 24.7 users (MM) 20 Digital Adoption 134 170 166 175 Erica® interactions (MM) 3Q22 3Q23 3Q24 3Q25 0 50 100 150 200 244 228 218 205 167 208 256 289 Zelle® sent transactions Cash withdrawn & checks written 3Q22 3Q23 3Q24 3Q25 100 150 200 250 300 1.4x 16.1 18.7 19.7 20.4 users (MM)

Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources. 2 Includes Preferred deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 3 End of period. Loans and leases includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet. 4 Managed deposits in investment accounts of $44B, $43B, $41B, $45B, and $37B for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively, are included in both AUM and Deposits. Total client balances only include these balances once. Average Deposits ($B) Global Wealth & Investment Management Trends Business Leadership1 • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State Wealth Management Teams (2025), and Top Next Generation Advisors (2025) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2025) and No. 1 on Barron's Top 100 Women Financial Advisors (2025) • No. 1 on Financial Planning's Top 40 Advisors Under 40 List (2025) • No. 1 in Managed Personal Trust AUM(B) • Best Private Bank in North America and Excellence in Philanthropic Services(F) • Winner for Thought Leadership by a Broker- Dealer(G) Average Loans and Leases ($B) Total Revenue ($B) Client Balances ($B)3,4 $5.8 $6.0 $6.0 $5.9 $6.3 1.7 1.8 1.8 1.8 1.8 3.5 3.6 3.7 3.6 3.9 0.6 0.6 0.6 0.5 0.6 Net interest income Asset management fees Brokerage / other 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $3.5 $7.0 1,861 1,882 1,856 1,987 2,110 1,857 1,888 1,821 1,932 2,041 283 292 285 276 279230 234 237 243 255$4,194 $4,252 $4,157 $4,395 $4,641 AUM Brokerage / other Deposits Loans and leases 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $2,500 $5,000 $225 $229 $232 $237 $246 109 109 110 111 112 50 51 52 53 54 64 65 68 70 76 Consumer real estate Securities-based lending Custom lending Credit card 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $100 $200 $300$280 $285 $286 $277 $277 212 213 210 203 203 68 72 77 74 74 Sweep deposits Bank deposits 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $100 $200 $300 21 2

Erica® Interactions (MM)5 2.1 2.7 3.0 3.4 3Q22 3Q23 3Q24 3Q25 0.0 1.0 2.0 3.0 4.0 Person-to-Person Payments (Zelle®)6 Check Deposits7 eDelivery4Digital Households / Relationships2 Digital Channel Adoption3 76% 78% 80% 83% 3Q22 3Q23 3Q24 3Q25 0% 25% 50% 75% 100% 57% 60% 62% 65% 72% 76% 76% 76% Mobile adoption Online adoption 3Q22 3Q23 3Q24 3Q25 0% 25% 50% 75% 100% 672 716 741 760 80% 83% 84% 86% Digital households / relationships (K) Digital adoption % 3Q22 3Q23 3Q24 3Q25 400 500 600 700 800 60% 70% 80% 90% 100% Client Engagement Digital Volumes Global Wealth & Investment Management Digital Update 22 Digital Adoption1 2.4 3.2 4.1 4.9 $1.4 $2.0 $2.5 $3.1 Transactions (MM) Volume ($B) 3Q22 3Q23 3Q24 3Q25 0.0 2.0 4.0 6.0 $0.0 $1.0 $2.0 $3.0 $4.0 65% 66% 68% 69% 10% 8% 8% 7% 25% 26% 25% 24% Digital ATM Physical 3Q22 3Q23 3Q24 3Q25 0% 25% 50% 75% 100% Note: Amounts may not total due to rounding. 1 Digital Adoption is the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities (effective 1Q23) and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. 2 Data as of August for 3Q22. 3Q23, 3Q24, and 3Q25 as of August for Private Bank and as of September for Merrill. 3 Digital channel adoption represents the percentage of desktop and mobile banking engagement, as of August for 3Q22 and 3Q23. 3Q24 and 3Q25 as of August for Private Bank and as of September for Merrill. 4 GWIM eDelivery percentage includes Merrill Digital Households (excluding Stock Plan, Banking-only households, Retirement-only, and 529-only) and Private Bank relationships that receive statements digitally, as of August for 3Q22, 3Q23, and 3Q24. 3Q25 as of August for Private Bank and as of September for Merrill. Private Bank eDelivery percentage represents relationship enrollment related to Private Bank investment accounts only. 5 Erica interactions represent mobile and online activity across client-facing platforms powered by Erica. 6 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. 7 Digital check deposits include mobile check deposits and remote deposit operations. As of August for Private Bank and as of September for Merrill for each quarter presented.

Global Banking Trends Note: Amounts may not total due to rounding. 1 See slide 27 for business leadership sources. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Total Corporation IB fees excludes self-led deals. Self-led deals of $41MM, $70MM, $75MM, $31MM, and $34MM for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively, are embedded within Debt, Equity, and Advisory. 4 Advisory includes fees on debt and equity advisory and mergers and acquisitions. Average Deposits ($B)Business Leadership1 • North America’s Most Innovative Bank – 2025(H) • World’s Best Bank for Trade Finance and for FX Payments; North America’s Best Digital Bank, Best Bank for Sustainable Finance, and Best Bank for Small to Medium-sized Enterprises(I) • Bank of the Year for Customer Experience(J) • Best Global Bank for Cash Management(H) • 2025 Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(K) • Model Bank: An Edge in Actionable Analytics(L) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(M) • Relationships with 78% of the Global Fortune 500; 96% of the U.S. Fortune 1,000 (2025) Average Loans and Leases ($B) Total Revenue ($B)2 Total Corporation IB Fees ($MM)3 $5.8 $6.1 $6.0 $5.7 $6.2 3.2 3.3 3.2 3.1 3.1 0.8 1.0 0.8 0.8 1.2 0.8 0.8 0.8 0.9 0.9 1.0 1.0 1.2 1.0 1.1 Net interest income IB fees Service charges All other income 3Q24 4Q24 1Q25 2Q25 3Q25 $0.0 $2.5 $5.0 $7.5 780 765 942 837 1,109 270 364 272 328 362387 556 384 333 583 $1,403 $1,654 $1,523 $1,428 $2,013 Debt Equity Advisory 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $750 $1,500 $2,250 197 196 196 199 200 162 167 171 177 176 $371 $375 $379 $388 $388 Commercial Corporate Business Banking 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 4 $550 $582 $575 $603 $632 Noninterest-bearing Interest-bearing 3Q24 4Q24 1Q25 2Q25 3Q25 $0 $250 $500 $750 23 28% 27% 27% 25% 23% 72% 73% 73% 75% 77%

1 Relationship client adoption is the percentage of relationship clients digitally active. Digital active clients represents 90-day active clients across CashPro and BA360 platforms. Data as of one month prior to end of quarter. Relationship clients defined as clients meeting revenue threshold for Global Commercial Banking and Business Banking, and all clients in Global Corporate and Investment Banking. 2 Includes CashPro, BA360, and Global Card Access. BA360 as of August for each quarter presented. 3 Erica technology integrated into CashPro Chat starting in August 2023. 4 Includes CashPro alert volume and CashPro online reports and statements scheduled, BA360 90-day Erica insights and alerts, and Global Card Access alert volume for online and mobile. BA360 as of August for each quarter presented. 5 Percent of U.S. Dollar Investment Grade Debt investor bond orders received and fully processed digitally for Global Capital Markets primary issuances. Capital Markets Digital Bond Orders5 Erica® Interactions on CashPro® Chat (K)3 Proactive Alerts and Insights (MM)4 11% 17% 33% 42% 3Q22 3Q23 3Q24 3Q25 0% 20% 40% 60% 19.3 20.7 23.1 25.0 3Q22 3Q23 3Q24 3Q25 0.0 10.0 20.0 30.0 32.5 33.5 37.6 39.2 4Q24 1Q25 2Q25 3Q25 0.0 15.0 30.0 45.0 CashPro® App PaymentsRelationship Client Adoption1 Mobile App Sign-ins (K)2 $164 $192 $283 $299 3.0 3.6 4.3 4.7 Value ($B) Volume (MM) 3Q22 3Q23 3Q24 3Q25 $0 $100 $200 $300 $400 0.0 2.0 4.0 6.0 8.0 1,199 1,629 2,042 2,442 3Q22 3Q23 3Q24 3Q25 0 1,000 2,000 3,000 86% 86% 86% 86% 4Q24 1Q25 2Q25 3Q25 0% 25% 50% 75% 100% Client Engagement Digital Volumes Global Banking Digital Update 24 Digital Adoption

Note: Amounts may not total due to rounding. S&T stands for sales and trading. 1 See slide 27 for business leadership sources. 2 Represents a non-GAAP financial measure. 2025 YTD Global Markets revenue was $18.8B, both including and excluding net DVA. Reported Global Markets revenue mix and FICC sales and trading revenue mix percentages were the same including and excluding net DVA. Reported S&T revenue was $16.4B, $14.7B, $13.8B, and $13.0B for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Reported FICC S&T revenue was $9.8B, $8.9B, $8.8B, and $7.8B for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Reported Equities S&T revenue was $6.6B, $5.8B, $4.9B, and $5.2B for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. See note F on slide 26 and slide 29 for important presentation information. 3 Macro includes currencies, interest rates, and commodities products. 4 See note G on slide 26 for definition of VaR. Global Markets Trends and Revenue Mix 2025 YTD Global Markets Revenue Mix (excl. net DVA)2 Business Leadership1 • Global Derivatives House of the Year(N) • CLO Trading Desk of the Year(N) • CMBS Bank of the Year(N) • Best Sell-Side Trading Desk(O) • Equity Derivatives House of the Year(P) • No. 1 All-America Trading(Q) • No. 1 Municipal Bonds Underwriter(R) • No. 2 Top Global Research Firm(Q) 2025 YTD Total FICC S&T Revenue Mix (excl. net DVA)2 Total Sales and Trading Revenue (excl. net DVA) ($B)2 Average Trading-Related Assets ($B) and VaR ($MM)4 $12.8 $13.9 $14.8 $16.4 7.6 8.9 9.0 9.8 5.2 4.9 5.8 6.6 FICC Equities 2022 YTD 2023 YTD 2024 YTD 2025 YTD $0.0 $5.0 $10.0 $15.0 $20.0 $598 $619 $638 $682 $117 $76 $67 $80 Avg. trading-related assets Avg. VaR 2022 YTD 2023 YTD 2024 YTD 2025 YTD $0 $200 $400 $600 $800 $0 $50 $100 $150 $200 59% 41% U.S. / Canada International 43% 57% Credit / Other Macro 25 3

A Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of U.S. government securities, U.S. agency securities, U.S. agency MBS, and a select group of non-U.S. government and supranational securities, and other investment-grade securities, and are readily available to meet funding requirements as they arise. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. B Reserve build (or release) is calculated by subtracting net charge-offs for the period from the provision for credit losses recognized in that period. The period-end allowance, or reserve, for credit losses reflects the beginning of the period allowance adjusted for net charge-offs recorded in that period plus the provision for credit losses and other valuation accounts recognized in that period. C Pretax, pre-provision income (PTPI) at the consolidated level is a non-GAAP financial measure calculated by adjusting consolidated pretax income to add back provision for credit losses. Similarly, PTPI at the segment level is a non-GAAP financial measure calculated by adjusting the segments’ pretax income to add back provision for credit losses. Management believes that PTPI (both at the consolidated and segment level) is a useful financial measure as it enables an assessment of the Corporation’s ability to generate earnings to cover credit losses through a credit cycle as well as provides an additional basis for comparing the Corporation's results of operations between periods by isolating the impact of provision for credit losses, which can vary significantly between periods. See reconciliation below. D Interest rate sensitivity as of September 30, 2025, reflects the potential pretax impact to forecasted net interest income over the next 12 months from September 30, 2025, resulting from an instantaneous parallel shock to the market-based forward curve. As part of our asset and liability management activities, we use securities, certain residential mortgages, and interest rate and foreign exchange derivatives in managing interest rate sensitivity. The sensitivity analysis assumes that we take no action in response to this rate shock and does not assume any change in other macroeconomic variables normally correlated with changes in interest rates. The sensitivity analysis incorporates potential movements in customer behavior that could result in changes in both total customer deposit balances and balance mix in various interest rate scenarios. In lower rate scenarios, the analysis assumes that a portion of higher-yielding deposits or market-based funding are replaced with low-cost or noninterest-bearing deposits. E Forward-looking statements related to the Corporation’s NII outlook are based on the Corporation’s baseline NII forecast that takes into account expected future business growth, ALM positioning, and the future direction of interest rate movements as implied by market-based curves. These statements are not guarantees of future results or performance and involve known and unknown risks, uncertainties, and assumptions that are difficult to predict and are often beyond the Corporation’s control. For more information, see Forward-Looking Statements on slide 28. F Revenue for all periods included net debit valuation adjustments (DVA) on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities. Net DVA gains (losses) were $14MM, ($51MM), and ($8MM) for 3Q25, 2Q25, and 3Q24, respectively, and ($18MM), ($94MM), ($104MM), and $213MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Net DVA gains (losses) included in FICC revenue were $14MM, ($54MM), and ($8MM) for 3Q25, 2Q25, and 3Q24, respectively, and ($25MM), ($79MM), ($99MM), and $205MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Net DVA gains (losses) included in Equities revenue were $0MM, $3MM, and $0MM for 3Q25, 2Q25, and 3Q24, respectively, and $7MM, ($15MM), ($5MM), and $8MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. G VaR model uses a historical simulation approach based on three years of historical data and an expected shortfall methodology equivalent to a 99% confidence level. Using a 95% confidence level, average VaR was $29MM, $35MM, and $34MM for 3Q25, 2Q25, and 3Q24 respectively, and $35MM, $34MM, $30MM, and $27MM for 2025 YTD, 2024 YTD, 2023 YTD, and 2022 YTD, respectively. Beginning in 1Q25, the VaR amounts for all periods presented are those used in the Corporation’s risk management of its trading portfolios. Previously, the VaR amounts presented were those used for regulatory capital. The trading portfolio represents trading assets and liabilities, primarily consisting of regular underwriting or dealing in securities and derivative contracts, and acquiring positions as an accommodation to customers. H In 3Q25, adjusted ETR of 23% is calculated as ETR of 10% plus 13 percentage points for the tax rate effects of tax credits and discrete tax items totaling $1.2B. We believe the presentation of adjusted ETR is useful because it provides additional information to assess the Corporation’s results of operations. Notes $ in millions 3Q25 2Q25 3Q24 Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Pretax Income (GAAP) Provision for Credit Losses (GAAP) Pretax, Pre-provision Income Consumer Banking $ 4,582 $ 1,009 $ 5,591 $ 3,964 $ 1,282 $ 5,246 $ 3,582 $ 1,302 $ 4,884 Global Wealth & Investment Management 1,686 4 1,690 1,324 20 1,344 1,415 7 1,422 Global Banking 2,932 269 3,201 2,343 277 2,620 2,614 229 2,843 Global Markets 2,320 9 2,329 2,152 22 2,174 2,180 7 2,187 All Other (1,910) 4 (1,906) (1,950) (9) (1,959) (2,320) (3) (2,323) Total Corporation $ 9,456 $ 1,295 $ 10,751 $ 7,688 $ 1,592 $ 9,280 $ 7,324 $ 1,542 $ 8,866 26

Business Leadership Sources (A) FFIEC Call Reports, 2Q25. (B) FDIC, 2Q25. (C) J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.* (D) J.D. Power 2025 U.S. Mobile App Satisfaction Study measures overall satisfaction with banking app channel in the first quarter of 2025. For more information, visit jdpower.com/ awards.* (E) StockBrokers.com* 2025 Annual Awards. (F) Global Private Banker Innovation Awards, 2025. (G) WealthManagement.com,* 2025. (H) Global Finance, 2025. (I) Euromoney, 2024. (J) Treasury Management International, 2025. (K) Coalition Greenwich, 2025. (L) Celent, 2025. (M) Asian Banker, 2025. (N) GlobalCapital, 2025. (O) Global Markets Choice Awards, 2025. (P) Risk Awards, 2025. (Q) Extel, 2024. (R) LSEG-Refinitiv, YTD 2025. 27 * Website content is not incorporated by reference into this presentation.

Forward-Looking Statements Bank of America Corporation (the Corporation) and its management may make certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “anticipates,” “targets,” “expects,” “hopes,” “estimates,” “intends,” “plans,” “goals,” “outlook,” “believes,” “continue” and other similar expressions or future or conditional verbs such as “will,” “may,” “might,” “should,” “would” and “could.” Forward-looking statements represent the Corporation’s current expectations, plans or forecasts of its future results, revenues, liquidity, net interest income, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, deposits, assets, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond the Corporation’s control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. You should not place undue reliance on any forward-looking statement and should consider the following uncertainties and risks, as well as the risks and uncertainties more fully discussed under Item 1A. Risk Factors of the Corporation's 2024 Annual Report on Form 10-K and in any of the Corporation’s subsequent U.S. Securities and Exchange Commission filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory investigations, proceedings and enforcement actions, which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation’s anti-money laundering and economic sanctions programs and the processing of electronic payments, including through the Zelle network, and related fraud, which are in various stages; in connection with ongoing litigation, the impact of certain changes to Visa’s and Mastercard’s respective card payment network rules and reductions in interchange fees for U.S.-based merchants; the possibility that the Corporation's future liabilities may be in excess of its recorded liability and estimated range of possible loss for litigation, and regulatory and government actions; the Corporation’s ability to resolve representations and warranties repurchase and related claims; the impact of U.S. and global interest rates (including the potential for ongoing fluctuations in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and / or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, which may have varying effects across industries and geographies and geopolitical instability; the risks related to the discontinuation of reference rates, including increased expenses and litigation and the effectiveness of hedging strategies; uncertainties about the financial stability and growth rates of non-U.S. jurisdictions, the risk that those jurisdictions may face difficulties servicing their sovereign debt, and related stresses on financial markets, currencies and trade, and the Corporation’s exposures to such risks, including direct, indirect and operational; the impact of the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation’s assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, which may include unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of trade policies, supply chain disruptions, inflationary pressures and labor shortages on economic conditions and our business; potential losses related to the Corporation’s concentration of credit risk; the Corporation's ability to achieve its expense targets and expectations regarding revenue, net interest income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; adverse changes to the Corporation’s credit ratings from the major credit rating agencies; an inability to access capital markets or maintain deposits or borrowing costs; estimates of the fair value and other accounting values, subject to impairment assessments, of certain of the Corporation’s assets and liabilities; the estimated or actual impact of changes in accounting standards or assumptions in applying those standards; uncertainty regarding the content, timing and impact of regulatory capital and liquidity requirements; the impact of adverse changes to total loss-absorbing capacity requirements, stress capital buffer requirements and / or global systemically important bank surcharges; the potential impact of actions of the Board of Governors of the Federal Reserve System on the Corporation’s capital plans; the effect of changes in or interpretations of income tax laws and regulations, including impacts from the 2025 budget reconciliation legislation; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation’s operations or information systems, or those of various third parties, including regulators and federal and state governments, such as from cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental goals or the impact of any changes in the Corporation's sustainability or human capital management strategy or goals; the impact of uncertain or changing political conditions, federal government shutdowns and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary, trade or regulatory policy; the emergence of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflicts in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), civil unrest, terrorism or other geopolitical events; and other matters. Forward-looking statements speak only as of the date they are made, and the Corporation undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. 28

Important Presentation Information 29 • The information contained herein is preliminary and based on Corporation data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying slides. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. • The Corporation may present certain metrics and ratios, including year-over-year comparisons of revenue, noninterest expense, and pretax income, excluding certain items (e.g., DVA) that are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. For more information about the non-GAAP financial measures contained herein, please see the presentation of the most directly comparable financial measures calculated in accordance with GAAP and accompanying reconciliations in the earnings press release for the quarter ended September 30, 2025, and other earnings-related information available through the Bank of America Investor Relations website at: https://investor.bankofamerica.com/quarterly-earnings, the content of which is not incorporated by reference into this presentation. • The Corporation presents certain key financial and nonfinancial performance indicators (KPIs) that management uses when assessing consolidated and / or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. KPIs are presented herein, including in the 3Q25 Financial Results on slide 3 and the Summary Income Statement for each segment. • The Corporation also views revenue, net interest income, and related ratios and analyses on a fully taxable-equivalent (FTE) basis, which when presented on a consolidated basis are non- GAAP financial measures. The Corporation believes managing the business with net interest income on an FTE basis provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that the presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. The FTE adjustment was $154MM, $145MM, $145MM, $154MM, and $147MM for 3Q25, 2Q25, 1Q25, 4Q24, and 3Q24, respectively. • The Corporation allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. Allocated capital is reviewed periodically and refinements are made based on multiple considerations that include, but are not limited to, risk-weighted assets measured under Basel 3 Standardized and Advanced approaches, business segment exposures and risk profile, and strategic plans. As a result of this process, in 1Q25, the Corporation adjusted the amount of capital being allocated to its business segments.