Bank Of America Corporation · NYSE:BAC
Bank Of America — Q1 2026 Earnings Presentation
38 slides from Bank Of America's earnings presentation, Apr 15, 2026
Slide 1: Bank of America 1Q26 Financial Results
Bank of America 1Q26 Financial Results April 15, 2026
Slide 2: 1Q26 Highlights
1Q26 Highlights Earnings Growth Revenue Growth Balance Sheet Strength Net income $8.6B Revenue $30.3B3 Deposits $2.0T4 +17% YoY +7% YoY +3% YoY EPS $1.111 Net interest income Loans $1.2T4 +25% YoY +9% YoY +9% YoY Operating leverage2 Sales & trading CET1 11.2% 2.9% +13% YoY well above reg. min.5 Effi
Slide 3: Every Segment Contributed to Year-Over-Year Growth
Every Segment Contributed to Year-Over-Year Growth Consumer Banking GWIM Global Banking Global Markets $3.1B $1.3B $2.1B $2.0B Net income Net income Net income Net income up 21% up 32% up 8% up 3% 27% 24% 16% 15% ROAC ROAC ROAC ROAC Grew revenue Grew net income Grew avg. loans and deposits Note: GWI
Slide 4: 1Q26 Highlights
1Q26 Highlights (Comparisons to 1Q25, unless otherwise noted) • Net income $8.6B; EPS $1.11; ROE 12.0%, ROTCE1 16.0% • Revenue, net of interest expense, of $30.3B ($30.4B FTE)1 increased $2.0B, or 7%, 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 $4.5T 3.5% 3.4% $4.1T $4.3T $1.1T 3.2% 3.1% $1.1T 2.8% 2.3% 2.2% 2.1% +5% +5% +5% +4% +4% 2024 2025 2026E 2027E 2023 2024 2025 1Q25 1Q26 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 1Q26 4Q25 1Q25 Basel 3 Capital ($B)3,4 1Q26 4Q25 1Q25 Assets ($B) Common equity tier 1 capital $200 $201 $201 Total assets $3,496 $3,412 $3,349 Standardized approach Total loans and leases 1,205 1,186 1,111 Risk-wei
Slide 7: Average Deposit and Rate Paid Trends
Average Deposit and Rate Paid Trends Total Corporation ($T) Consumer Banking ($B) $2.25 $1,000 $948 $952 $947 $945 $951 $1.96 $1.97 $1.99 $2.01 $2.02 $750 $1.50 1.79% 1.76% 1.78% $500 1.63% 1.47% $0.75 $250 0.61% 0.58% 0.58% 0.55% 0.51% $0.00 $0 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Tota
Slide 8: Average Loan and Lease Trends
Average Loan and Lease Trends Total Loans and Leases ($B) Total Loans and Leases by Portfolio ($B) $1,500 $750 $692 $709 $658 $680 YoY $632 $1,153 $1,171 $1,190 +9% $1,094 $1,128 $1,000 $500 $462 $470 $473 $478 $480 $500 $250 $0 $0 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Consumer Commercia
Slide 9: Net Interest Income
Net Interest Income Net Interest Income (FTE, $B)1 • Net interest income of $15.7B ($15.9B FTE)1 – Increased $1.3B from 1Q25, driven by higher NII related to $18.0 $15.9 Global Markets (GM) activity, higher deposit and loan $15.4 $15.9 $14.6 $14.8 balances, and fixed-rate asset repricing, partially
Slide 10: Expense and Efficiency
Expense and Efficiency Total Noninterest Expense ($B) $20.0 $17.8 $17.4 $18.5 $17.2 $17.3 6.9 6.8 6.8 7.2 6.9 $10.0 10.9 10.3 10.5 10.6 11.3 $0.0 1Q25 2Q25 3Q25 4Q25 1Q26 Compensation and benefits Other Efficiency Ratio 65% 63% 63% 61% 61% 60% 60% 55% 1Q25 2Q25 3Q25 4Q25 1Q26 • Efficiency ratio impr
Slide 11: Asset Quality
Asset Quality Net Charge-offs ($MM)1 • Total net charge-offs1 of $1.4B vs. $1.5B in 1Q25 and $1.3B in 4Q25 $2,000 1.00% – Consumer net charge-offs of $1.1B declined $1,525 $60MM vs. 1Q25; increased $67MM vs. 4Q25 $1,452 $1,409 $1,500 $1,367 0.75% $1,287 ▪ Credit card charge-off rate of 3.64% in 1Q26
Slide 12: Asset Quality – Consumer and Commercial Portfolios
Asset Quality – Consumer and Commercial Portfolios Consumer Net Charge-offs ($MM) Consumer Metrics ($MM) 1Q26 4Q25 1Q25 $1,119 Provision $963 $918 $1,100 $1,200 1.50% $1,059 $1,059 $978 $992 Nonperforming loans and leases 2,680 2,576 2,613 % of loans and leases1 0.56 % 0.53 % 0.56 % $800 1.00% Consu
Slide 13: Consumer Banking
Consumer Banking Inc / (Dec) • Net income $3.1B; ROAC 27% Summary Income Statement ($MM) 1Q26 4Q25 1Q25 • Revenue of $11.0B increased 5% from 1Q25, driven Total revenue, net of interest expense $11,049 ($152) $556 primarily by higher net interest income Provision for credit losses 1,132 66 (160) • P
Slide 14: Global Wealth & Investment Management
Global Wealth & Investment Management Inc / (Dec) • Net income $1.3B; ROAC 24% Summary Income Statement ($MM) 1Q26 4Q25 1Q25 • Revenue of $6.7B increased 12% from 1Q25, driven Total revenue, net of interest expense $6,712 $94 $696 primarily by higher asset management fees, reflecting Provision (bene
Slide 15: Global Banking
Global Banking Inc / (Dec) • Net income $2.1B; ROAC 16% Summary Income Statement ($MM) 1Q26 4Q25 1Q25 • Revenue of $6.3B increased 5% from 1Q25, driven Total revenue, net of interest expense1 $6,287 $49 $295 primarily by higher investment banking fees, leasing Provision for credit losses 185 (58) 31
Slide 16: Global Markets
Global Markets1 Inc / (Dec) • Net income $2.0B (incl. and excl. net DVA);3 ROAC 15% Summary Income Statement ($MM) 1Q26 4Q25 1Q25 • Revenue of $7.1B increased 8% from 1Q25, driven Total revenue, net of interest expense2 $7,109 $1,805 $524 by higher sales and trading revenue, partially offset by Net
Slide 17: All Other
All Other1 Inc / (Dec) • Net income $101MM Summary Income Statement ($MM) 1Q26 4Q25 1Q25 • The Corporation’s total effective tax rate for the Total revenue, net of interest expense ($723) $106 ($29) quarter was 17.5%, which included a discrete benefit Provision (benefit) for credit losses (9) 1 (1)
Slide 18: Additional Presentation Information
Additional Presentation Information
Slide 19: Continued Organic Growth in 1Q26
Continued Organic Growth in 1Q26 Consumer Banking Global Wealth & Investment Management Added ~100K net new checking accounts; $4.6T client balances,2 up 10% YoY; AUM balances up completed 29 consecutive quarters of net growth 14% YoY to $2.1T, with $78B flows since 1Q25 Opened ~1MM new credit card
Slide 20: Credit Risk Transformation Reflects Responsible Growth Strategy
Credit Risk Transformation Reflects Responsible Growth Strategy (EOP basis unless noted) Loan Mix1 Consumer Loan Portfolio ($B)1 4Q09 1Q26 $750 $675 46 44 $480 $500 161 59 33% (36%) 54 40% 154 103 $1,003B $1,205B (83%) $250 27 60% 67% 257 236 $0 4Q09 1Q26 Residential mortgage Home equity Consumer cr
Slide 21: Balance Sheet Highlights
Balance Sheet Highlights (EOP basis unless noted) Metric 4Q09 1Q26 Transformation through Responsible Growth Total loans and leases1 $1,003B $1,205B • Our loan portfolio is more balanced today and has less inherent risk than in earlier periods Consumer $675B $480B – Lower concentration in the consum
Slide 22: 1Q26 Consumer Asset Quality Highlights
1Q26 Consumer Asset Quality Highlights $480B ~79% loans secured 37% to GWIM clients Average Balance $236B $103B $59B $55B $27B Securities- Consumer Total Residential Highlights Home Equity Based Vehicle Credit Card Consumer1 Mortgage Lending Lending Ending balance $480B $236B $27B $59B $54B $103B NC
Slide 23: Historical Consumer and Commercial Loss Rates
Historical Consumer and Commercial Loss Rates Consumer Net Charge-off Rate 8.00% Pre-crisis average Financial crisis average Pre-pandemic average 1.33% 3.58% 0.82% 6.00% 4.00% 2.00% 0.89% 0.00% 1Q04 1Q08 4Q12 1Q20 1Q26 Commercial Net Charge-off Rate 4.00% Financial crisis average Pre-pandemic averag
Slide 24: Global Markets Lending
Global Markets Lending Primarily subscription financing and lending secured by diversified pools of public equities Fund Assets • Subscription financing facilities with ~60% average advance rate1 secured by $206B first priority-perfected security interest in a diverse pool of underlying LP & Capital
Slide 25: Lending Secured by Corporate Credit Collateral
Lending Secured by Corporate Credit Collateral ~$55B Funded Loans in GM Secured by Corporate Credit Borrowing Base Assessment Portfolio is of high credit quality and meets the Corporation’s internal investment grade standards • Underlying collateral is subject to defined eligibility criteria and con
Slide 26: Supplemental Business Segment Trends
Supplemental Business Segment Trends
Slide 27: Consumer Banking Trends
Consumer Banking Trends Business Leadership1 Total Revenue ($B) Total Expense ($B) and Efficiency • No. 1 in U.S. Consumer Deposits(A) $5.8 $5.8 $12.0 $11.2 $11.2 $11.0 $6.0 $5.6 $5.6 $5.7 70% • No. 1 Small Business Lender(A) $10.5 $10.8 2.2 2.1 2.1 2.0 2.1 • No. 1 in Retail Banking Advice Satisfact
Slide 28: Consumer Digital Update
Consumer1 Digital Update Digital Adoption Client Engagement Digital Users2 and Households3 Client Digital Interactions (B)4 Digitally-Enabled Sales5 59 59 60 56 57 100% 5.0 2,400 100% 4.3 1,976 2,042 49 50 4.0 1,784 50 47 90% 4.0 1,800 1,623 75% 45 3.4 3.3 3.1 3.2 71% 40 80% 3.0 2.8 1,200 65% 50% 2.
Slide 29: Global Wealth & Investment Management Trends
Global Wealth & Investment Management Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • Merrill earned most recognitions on Forbes' $300 $286 $277 $277 $279 $287 $300 2026 Best-in-State Wealth Management $262 $246 $257 Teams list, including 32 teams ranked No. 1 $232
Slide 30: Global Wealth & Investment Management Digital Update
Global Wealth & Investment Management Digital Update Digital Adoption1 Client Engagement Digital Households / Relationships2 Digital Channel Adoption3 eDelivery4 800 759 774 100% 100% 100% 748 85% 84% 717 80% 81% 79% 82% 77% 77% 700 90% 75% 64% 67% 75% 62% 58% 87% 88% 600 86% 80% 50% 50% 84% 500 70%
Slide 31: Global Banking Trends
Global Banking Trends Business Leadership1 Average Deposits ($B) Average Loans and Leases ($B) • No. 1 in Overall Leadership in Digital $750 $500 Channels (tied), fourth consecutive year(G) $656 $648 $603 $632 $397 • World’s Best Bank for Small to Medium-sized $575 $379 $388 $388 $386 Enterprises; N
Slide 32: 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 2,720 $400 8.0 87% 86% 86% $324 75% 2,154 $300 $272 6.0 2,000 1,752 $246 1,482 50% $200 $174 4.8 4.0 4.4 1,000 3.3 3.5 25% $100 2.0 0% 0 $0 0.0 1Q2
Slide 33: Global Markets Trends and Revenue Mix
Global Markets Trends and Revenue Mix Business Leadership1 1Q26 Global Markets Revenue Mix 1Q26 Total FICC S&T Revenue Mix • Global Derivatives House of the Year(N) (excl. net DVA)2 (excl. net DVA)2 • CLO Trading Desk of the Year(N) • No. 1 in Transactional Foreign Exchange(M) • Commodity Derivative
Slide 34: 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 35: Business Leadership Sources
Business Leadership Sources (A) FFIEC Call Reports, 4Q25. (B) 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.* (C) J.D. Power 2025 U.S. Mobile App Sa
Slide 36: 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 37: 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 38: BANK OF AMERICA
BANK OF AMERICA