Bank Of America Corporation · NYSE:BAC
Bank Of America — Q2 2026 Earnings Presentation
33 slides from Bank Of America's earnings presentation, Jul 14, 2026
Slide 1: Bank of America 2Q26 Financial Results
Bank of America 2Q26 Financial Results July 14, 2026
Slide 2: 2Q26 Highlights
2Q26 Highlights Earnings Growth Revenue Growth Balance Sheet Strength Net income $9.1B Revenue $31.6B3 Deposits $2.0T4 +27% YoY +15% YoY +2% YoY EPS $1.211 Net interest income Loans $1.2T4 +34% YoY +9% YoY +8% YoY Operating leverage2 Sales & trading CET1 11.2%5 6.6% +33% YoY well above reg. min. Eff
Slide 3: Every Business Segment Contributed to Year-Over-Year Growth
Every Business Segment Contributed to Year-Over-Year Growth Consumer Banking GWIM1 Global Banking Global Markets $3.3B $1.4B $2.0B $2.6B Net income Net income Net income Net income up 10% up 42% up 20% up 72% 29% 26% 15% 20% ROAC2 ROAC ROAC ROAC Grew avg. loans and deposits Grew revenue and net inco
Slide 4: 2Q26 Highlights
2Q26 Highlights (Comparisons to 2Q25, unless otherwise noted) • Net income $9.1B; EPS $1.21; ROE 12.7%, ROTCE1 17.0% • Revenue, net of interest expense, of $31.6B ($31.7B FTE)1 increased $4.1B, or 15%, reflecting higher net interest income (NII), sales and trading revenue, asset management fees, and
Slide 5: Resilient Economic Outlook and Consumer Spend
Resilient Economic Outlook and Consumer Spend BofA Global Research Real GDP Growth Estimates1 Payment Spend2 and YoY % Growth $4.3T $4.5T $2.4T 3.5% 3.5% $4.1T $2.3T 3.2% 3.2% 2.8% 2.1% 2.2% 2.2% +5% +5% +5% +4% +4% 2024 2025 2026E 2027E 2023 2024 2025 1H25 1H26 U.S. Global $ Volume YoY % change Bof
Slide 6: Balance Sheet, Liquidity, and Capital
Balance Sheet, Liquidity, and Capital (EOP basis unless noted) Balance Sheet Metrics 2Q26 1Q26 2Q25 Basel 3 Capital ($B)3,4 2Q26 1Q26 2Q25 Assets ($B) Common equity tier 1 capital $202 $200 $201 Total assets $3,499 $3,496 $3,441 Standardized approach Total loans and leases 1,218 1,205 1,147 Risk-wei
Slide 7: Average Deposit Trends
Average Deposit Trends Total Deposits ($B) Total Deposit Rate Paid (bps) YoY $2,250 $2,013 $2,017 $2,023 +2% $1,974 $1,991 277 247 221 277 277 279 287 282 +2% 223 $1,500 202 603 632 656 648 652 +8% 176 204 146 $750 147 952 947 945 951 957 +1% 51 58 48 $0 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26
Slide 8: Average Loan and Lease Trends
Average Loan and Lease Trends Total Loans and Leases ($B) Total Loans and Leases by Portfolio ($B) $709 $733 $1,500 YoY $750 $680 $692 $658 $1,171 $1,190 $1,217 +8% $1,128 $1,153 191 198 201 205 +16% $478 $480 $483 $1,000 176 $500 $470 $473 237 246 257 262 270 +14% $500 388 388 386 397 413 +7% $250
Slide 9: Net Interest Income
Net Interest Income Net Interest Income (FTE, $B)1 • Net interest income of $16.0B ($16.2B FTE)1 – Increased $1.3B from 2Q25, driven by higher NII related to $18.0 $16.2 Global Markets (GM) activity, higher loan and deposit balances, $15.4 $15.9 $15.9 and fixed-rate asset repricing, partially offset
Slide 10: Expense and Efficiency
Expense and Efficiency Total Noninterest Expense ($B) $20.0 $18.5 $18.6 $17.2 $17.3 $17.4 6.8 6.8 7.2 7.6 6.9 $10.0 10.3 10.5 10.6 11.3 11.0 $0.0 2Q25 3Q25 4Q25 1Q26 2Q26 Compensation and benefits Other Efficiency Ratio 65% 63% 61% 61% 60% 60% 59% 55% 2Q25 3Q25 4Q25 1Q26 2Q26 • Efficiency ratio of 5
Slide 11: Asset Quality
Asset Quality Net Charge-offs ($MM) • Total net charge-offs of $1.4B vs. $1.5B in 2Q25 and $1.4B in 1Q26 $2,000 1.00% – Consumer net charge-offs of $1.0B declined $1,525 $19MM vs. both 2Q25 and 1Q26 $1,500 $1,367 $1,409 $1,412 0.75% $1,287 ▪ Credit card charge-off rate of 3.55% in 2Q26; charge-off r
Slide 12: Asset Quality – Consumer and Commercial Portfolios
Asset Quality – Consumer and Commercial Portfolios Consumer Net Charge-offs ($MM) Consumer Metrics ($MM) 2Q26 1Q26 2Q25 Provision $1,009 $963 $1,084 $1,200 1.50% $1,059 $1,059 $1,040 $978 $992 Nonperforming loans and leases 2,590 2,680 2,564 % of loans and leases1 0.53 % 0.56 % 0.54 % $800 1.00% Con
Slide 13: Consumer Banking
Consumer Banking Inc / (Dec) • Net income $3.3B; ROAC 29% Summary Income Statement ($MM) 2Q26 1Q26 2Q25 • Revenue of $11.3B increased 5% from 2Q25, driven Total revenue, net of interest expense $11,336 $287 $523 primarily by higher net interest income Provision for credit losses 1,160 28 (122) • Pro
Slide 14: Global Wealth & Investment Management
Global Wealth & Investment Management Inc / (Dec) • Net income $1.4B; ROAC 26% Summary Income Statement ($MM) 2Q26 1Q26 2Q25 • Revenue of $6.9B increased 16% from 2Q25, driven Total revenue, net of interest expense $6,871 $159 $934 by higher asset management fees, reflecting higher Provision for cre
Slide 15: Global Banking
Global Banking Inc / (Dec) • Net income $2.0B; ROAC 15% Summary Income Statement ($MM) 2Q26 1Q26 2Q25 • Revenue of $6.2B increased 10% from 2Q25, driven Total revenue, net of interest expense1 $6,236 ($51) $547 primarily by higher investment banking fees, net Provision for credit losses 215 30 (62)
Slide 16: Global Markets
Global Markets1 Inc / (Dec) • Net income $2.6B ($2.7B excl. net DVA);3 ROAC 20% Summary Income Statement ($MM) 2Q26 1Q26 2Q25 • Revenue of $8.0B increased 34% from 2Q25, driven Total revenue, net of interest expense2 $8,022 $913 $2,040 by higher sales and trading revenue and investment Net DVA (57)
Slide 17: All Other
All Other1 Inc / (Dec) • Net loss of $292MM increased from net loss of $23MM Summary Income Statement ($MM) 2Q26 1Q26 2Q25 • The Corporation’s total effective tax rate for 2Q26 was Total revenue, net of interest expense ($744) ($21) $89 21.5% Provision (benefit) for credit losses (9) — — Noninterest
Slide 18: Additional Presentation Information
Additional Presentation Information
Slide 19: Continued Organic Growth in 2Q26
Continued Organic Growth in 2Q26 Consumer Banking Global Wealth & Investment Management Added >160K net new checking accounts; $4.9T client balances,2 up 12% YoY; AUM balances up completed 30 consecutive quarters of net growth 17% YoY to $2.3T, with $78B flows since 2Q25 Opened >1MM new credit card
Slide 20: Enhancing Work Through AI at Scale
Enhancing Work Through AI at Scale >300 AI / machine learning use cases approved | 114 live generative AI use cases with 34 fully deployed Key Focus Areas Enhance Customer- Support Front-Line Transform Improve Workforce Facing Experiences Productivity Workflows Efficiency Fit-for-Purpose Solutions a
Slide 21: Supplemental Business Segment Trends
Supplemental Business Segment Trends
Slide 22: Consumer Banking Trends
Consumer Banking Trends Business Leadership1 Total Revenue ($B) Total Expense ($B) and Efficiency • No. 1 in U.S. Consumer Deposits(A) $5.8 $5.8 $12.0 $10.8 $11.2 $11.2 $11.0 $11.3 $6.0 $5.6 $5.6 $5.7 70% • No. 1 Small Business Lender(A) 2.2 2.1 2.1 2.1 2.1 • No. 1 in Retail Banking Advice Satisfact
Slide 23: Consumer Digital Update
Consumer1 Digital Update Digital Adoption Client Engagement Digital Users2 and Households3 Client Digital Interactions (B)4 Digitally-Enabled Sales5 59 60 60 57 58 100% 5.0 2,400 2,185 100% 4.4 49 50 4.1 1,770 1,659 1,874 50 46 47 90% 4.0 1,800 75% 3.5 3.3 3.4 3.1 70% 2.9 65% 40 80% 3.0 2.6 1,200 50
Slide 24: Global Wealth & Investment Management Trends
Global Wealth & Investment Management Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • Merrill earned the most recognitions on $300 $277 $277 $279 $287 $282 $300 Forbes' 2026 Top Wealth Advisors Best-in- $262 $270 $246 $257 State and Best-in-State Wealth $237 74 74 7
Slide 25: Global Wealth & Investment Management Digital Update
Global Wealth & Investment Management Digital Update Digital Adoption1 Client Engagement Digital Households / Relationships2 Digital Channel Adoption3 eDelivery4 800 761 770 100% 100% 100% 742 82% 84% 718 76% 78% 79% 79% 78% 80% 700 90% 75% 65% 67% 75% 59% 62% 86% 87% 600 85% 80% 50% 50% 83% 500 70%
Slide 26: Global Banking Trends
Global Banking Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • No. 1 in Overall Leadership in Digital $750 $500 Channels (tied), fourth consecutive year(G) $656 $648 $652 $632 $397 $413 • North America’s Most Innovative Bank(C) $603 $388 $388 $386 • World’s Best Ban
Slide 27: Global Banking Digital Update
Global Banking Digital Update Digital Adoption Client Engagement Relationship Client Adoption1 Mobile App Sign-ins (K)2 CashPro® App Payments 100% 3,000 2,896 $400 8.0 87% 86% 86% $346 2,333 $314 75% $300 6.0 2,000 1,870 $253 1,594 $191 5.2 50% $200 4.6 4.0 4.0 1,000 3.5 25% $100 2.0 0% 0 $0 0.0 2Q2
Slide 28: Global Markets Trends and Revenue Mix
Global Markets Trends and Revenue Mix Business Leadership1 2026 YTD Global Markets Revenue Mix 2026 YTD Total FICC S&T Revenue Mix • Global Derivatives House of the Year(L) (excl. net DVA)2 (excl. net DVA)2 • CLO Bank of the Year(M) • Securitization Bank of the Year(M) • Commodity Derivatives House
Slide 29: Notes
Notes 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
Slide 30: Business Leadership Sources
Business Leadership Sources (A) FFIEC Call Reports, 1Q26. (B) J.D. Power 2026 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.* (C) Global Finance, 2026. (D) StockBro
Slide 31: Forward-Looking Statements
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
Slide 32: Important Presentation Information
Important Presentation Information • 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 obligati
Slide 33: Bank of America
BANK OF AMERICA