Bank Of America Corporation · NYSE:BAC
Bank Of America — Bank of America Corp /De/ (Bac, Bac-Pb, Bac-Pe, Bac-Pk, Bac-Pl, Bac-Pm, Bac-Pn, Bac-Po, Bac-Pp, Bml-Pg, Bml-Ph, Bml-Pj, Bml-Pl) — Shareholder Meeting (March 2022)
18 slides from Bank Of America's shareholder meeting presentation, Mar 7, 2022
Slide 1: 2022 Annual Meeting of Shareholders Additional Solicitation Materials
2022 Annual Meeting of Shareholders Additional Solicitation Materials Bank of America Corporation
Slide 2: What would you like the power to do?
What would you like the power to do?® At Bank of America, we ask this question every day of all those we serve. It is at the core of how we live our values, deliver our purpose, and achieve Responsible Growth. Our values Deliver together Act responsibly Realize the power of our people Trust the team
Slide 3: 2021 Performance Highlights
2021 Performance Highlights: Record net income of $32.0 billion, or $3.57 per diluted share, up from $17.9 billion or $1.87 per diluted share in 2020, driven by provision benefit and revenue growth, partially offset by higher expenses Revenue of $89.1 billion was up 4% driven by growth in noninteres
Slide 4: Driving execution and growth across diversified business model in 2021
Driving execution and growth across diversified business model in 2021 Deposits continued to grow and loans returned to near pre-pandemic levels Total Deposits ($B) Bank of America Ranked #1 in U.S. Retail Deposit Market Share(4) Total Loans and Leases ($B) Return of organic, pre-pandemic growth Sol
Slide 5: 2021 saw a return to pre-pandemic organic growth
2021 vs. 2019 Net New Consumer Checking Accounts 901K +64% Average Consumer Checking Account Balance $10.4K +37% New Consumer Investment Accounts 525K +24% Total Preferred Rewards Enrolled Clients(1) 9.3M +31% Consumer and Small Business Digital Sales (units) 5.6M +45% Total Erica Interactions 427M
Slide 6: Fourteen highly engaged and diverse director nominees
For more information about our directors, see pages 9-22 of our 2022 Proxy Statement 50% are racially, ethnically, and gender diverse 93% are independent Fourteen highly engaged and diverse director nominees Range of tenure 6.9 years average tenure Nominee experience
Slide 7: Lead Independent Director provides robust independent Board leadership and oversight
The authority, duties and activities of our Lead Independent Director provide robust independent Board leadership and oversight Active, highly engaged Lead Independent Director The formalized list of duties of the Lead Independent Director codified in our Corporate Governance Guidelines does not ful
Slide 8: Performance aligned to tenets of Responsible Growth
Performance aligned to tenets of Responsible Growth Grow and win in the market Grow with our customer-focused strategy Grow within our Risk Framework Grow in a sustainable manner Performance considerations Company, line of business, and individual performance (financial and non-financial measures) E
Slide 9: To drive Responsible Growth, our growth must be sustainable
To drive Responsible Growth, our growth must be sustainable We grow in a sustainable manner by: sharing our success with the communities we serve, including through our wide-ranging ESG activities; being a great place to work for our teammates; and driving operational excellence so that we can conti
Slide 10: To grow in a sustainable manner, we share our success with our communities
To grow in a sustainable manner, we share our success with our communities 1 Based on estimated number of affordable housing units at the time of credit application; these numbers were not updated to reflect actual once the project was completed.
Slide 11: We seek input from independent third parties
To grow in a sustainable manner, we seek input from independent third parties offering a diversity of perspectives and subject matter expertise Example of our engagement: Progress toward reducing banking fees. Since 2010, we have engaged with our NCAC advisors for their guidance and feedback on the
Slide 12: Support clients in their low-carbon transition
Support clients in their low-carbon transition Sustainable Finance goal; Client engagement; Carbon neutrality advisory Assess & manage climate-related risks Establish rigorous risk management program that advances the use of climate risk factors to enhance preparedness for a low-carbon, climate resi
Slide 13: Our Net Zero Commitment
Our Net Zero Commitment We continue to make progress on our strategy to support and finance the transition to an environmentally sustainable, low-carbon economy. In 2021, we announced our goal to achieve net zero greenhouse gas (GHG) emissions in our financing activities, operations, and supply chai
Slide 14: We make our company a great place to work
To grow in a sustainable manner, we make our company a great place to work 55% of our Management Team is diverse,(1) including 32% women Since 2015, our representation of teammates of color in the top three management levels increased +60% People of color in all management positions increased +41% s
Slide 15: Board refreshment, compensation and auditor appointment
Our Board regularly reviews and renews its composition through thoughtful evaluation, and has continually enhanced the succession planning and selection process Our nominees reflect the Board’s commitment to identify, evaluate, and nominate candidates who possess personal qualities, qualifications,
Slide 16: Delaware Exclusive Forum Provision
Our Board believes that the Delaware Exclusive Forum Provision is in the best interest of the company and our shareholders. Having Delaware as the designated forum for a narrowly tailored set of specified lawsuits provides a streamlined, efficient, and organized process for resolving these particula
Slide 17: Record of promoting civil rights, racial equality and nondiscrimination
Through our commitment and actions, our company has a demonstrated long-standing record of promoting civil rights, racial equality and nondiscrimination, and advancing economic opportunity, within our company and in our communities, all in pursuit of Responsible Growth that is sustainable; We have n
Slide 18: Cautionary Information and Forward-Looking Statements
Cautionary Information and Forward-Looking Statements This supplemental material contains certain statements regarding Responsible Growth and environmental, social, and governance information and opinions, including metrics, goals, and commitments, and sustainability strategy (ESG Information). Such