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 (https://www.sec.gov*) or at the Corporation's website (https://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.
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 2026 2025 Income statement | Third Second First Fourth Third Quarter Quarter Quarter Quarter Quarter 2026 2026 2026 2025 2025 | ||||||
Net interest income | $ 48,191 | $ 44,346 | $ 16,449 | $ 15,997 | $ 15,745 | $ 15,750 | $ 15,233 |
Noninterest income | 43,597 | 40,384 | 13,509 | 15,561 | 14,527 | 12,617 | 13,807 |
Total revenue, net of interest expense | 91,788 | 84,730 | 29,958 | 31,558 | 30,272 | 28,367 | 29,040 |
Provision for credit losses | 3,972 | 4,367 | 1,269 | 1,366 | 1,337 | 1,308 | 1,295 |
Noninterest expense | 56,880 | 52,290 | 19,722 | 18,627 | 18,531 | 17,437 | 17,337 |
Income before income taxes | 30,936 | 28,073 | 8,967 | 11,565 | 10,404 | 9,622 | 10,408 |
Pretax, pre-provision income (1) | 34,908 | 32,440 | 10,236 | 12,931 | 11,741 | 10,930 | 11,703 |
Income tax expense | 6,345 | 5,211 | 2,034 | 2,491 | 1,820 | 1,975 | 2,076 |
Net income | 24,591 | 22,862 | 6,933 | 9,074 | 8,584 | 7,647 | 8,332 |
Preferred stock dividends | 1,147 | 1,126 | 392 | 326 | 429 | 328 | 429 |
Net income applicable to common shareholders | 23,444 | 21,736 | 6,541 | 8,748 | 8,155 | 7,319 | 7,903 |
Diluted earnings per common share | 3.23 | 2.84 | 0.91 | 1.21 | 1.11 | 0.98 | 1.04 |
Average diluted common shares issued and outstanding | 7,312.5 | 7,724.7 | 7,222.2 | 7,294.2 | 7,417.5 | 7,546.9 | 7,627.1 |
Dividends paid per common share | $ 0.88 | $ 0.80 | $ 0.32 | $ 0.28 | $ 0.28 | $ 0.28 | $ 0.28 |
Performance ratios | |||||||
Return on average assets | 0.94 % | 0.90 % | 0.79 % | 1.03 % | 0.99 % | 0.89 % | 0.96 % |
Return on average common shareholders' equity | 11.35 | 10.63 | 9.41 | 12.71 | 11.95 | 10.45 | 11.40 |
Return on average shareholders' equity | 10.91 | 10.30 | 9.14 | 12.09 | 11.51 | 9.98 | 11.01 |
Return on average tangible common shareholders' equity (2) | 15.20 | 14.30 | 12.60 | 17.03 | 16.00 | 13.97 | 15.29 |
Efficiency ratio | 61.97 | 61.71 | 65.83 | 59.02 | 61.22 | 61.47 | 59.70 |
At period end | |||||||
Book value per share of common stock | $ 39.26 | $ 37.72 | $ 39.26 | $ 39.34 | $ 38.66 | $ 38.44 | $ 37.72 |
Tangible book value per share of common stock (2) | 29.14 | 28.16 | 29.14 | 29.37 | 28.84 | 28.73 | 28.16 |
Market capitalization | 376,802 | 378,125 | 376,802 | 399,884 | 347,583 | 396,686 | 378,125 |
Number of financial centers - U.S. | 3,531 | 3,649 | 3,531 | 3,530 | 3,540 | 3,628 | 3,649 |
Number of branded ATMs - U.S. | 14,965 | 14,920 | 14,965 | 14,939 | 14,902 | 14,909 | 14,920 |
Headcount | 209,911 | 213,384 | 209,911 | 211,304 | 212,134 | 213,207 | 213,384 |
(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 common 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 common 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.)
Bank of America Corporation and Subsidiaries
Consolidated Statement of Income(In millions, except per share information)
Net interest income | Nine Months Ended September 30 2026 2025 | Third Quarter 2026 | Second Quarter 2026 | First Quarter 2026 | Fourth Quarter 2025 | Third Quarter 2025 | |
Interest income | $ 101,448 | $ 104,305 | $ 34,257 | $ 33,832 | $ 33,359 | $ 34,261 | $ 35,366 |
Interest expense | 53,257 | 59,959 | 17,808 | 17,835 | 17,614 | 18,511 | 20,133 |
Net interest income | 48,191 | 44,346 | 16,449 | 15,997 | 15,745 | 15,750 | 15,233 |
Noninterest income | |||||||
Fees and commissions | 32,426 | 29,221 | 10,797 | 11,080 | 10,549 | 10,181 | 10,337 |
Market making and similar activities | 10,174 | 9,940 | 2,360 | 4,177 | 3,637 | 2,074 | 3,203 |
Other income | 997 | 1,223 | 352 | 304 | 341 | 362 | 267 |
Total noninterest income | 43,597 | 40,384 | 13,509 | 15,561 | 14,527 | 12,617 | 13,807 |
Total revenue, net of interest expense | 91,788 | 84,730 | 29,958 | 31,558 | 30,272 | 28,367 | 29,040 |
Provision for credit losses | 3,972 | 4,367 | 1,269 | 1,366 | 1,337 | 1,308 | 1,295 |
Noninterest expense | |||||||
Compensation and benefits | 33,290 | 31,744 | 10,969 | 10,987 | 11,334 | 10,602 | 10,523 |
Information processing and communications | 5,950 | 5,540 | 2,008 | 1,924 | 2,018 | 1,913 | 1,827 |
Occupancy and equipment | 5,781 | 5,564 | 1,967 | 1,914 | 1,900 | 1,884 | 1,872 |
Product delivery and transaction related | 3,623 | 2,913 | 1,170 | 1,327 | 1,126 | 1,011 | 1,025 |
Professional fees | 1,762 | 1,898 | 606 | 573 | 583 | 682 | 606 |
Marketing | 1,938 | 1,641 | 669 | 736 | 533 | 563 | 572 |
Other general operating | 4,536 | 2,990 | 2,333 | 1,166 | 1,037 | 782 | 912 |
Total noninterest expense | 56,880 | 52,290 | 19,722 | 18,627 | 18,531 | 17,437 | 17,337 |
Income before income taxes | 30,936 | 28,073 | 8,967 | 11,565 | 10,404 | 9,622 | 10,408 |
Income tax expense | 6,345 | 5,211 | 2,034 | 2,491 | 1,820 | 1,975 | 2,076 |
Net income | $ 24,591 | $ 22,862 | $ 6,933 | $ 9,074 | $ 8,584 | $ 7,647 | $ 8,332 |
Preferred stock dividends | 1,147 | 1,126 | 392 | 326 | 429 | 328 | 429 |
Net income applicable to common shareholders | $ 23,444 | $ 21,736 | $ 6,541 | $ 8,748 | $ 8,155 | $ 7,319 | $ 7,903 |
Per common share information | |||||||
Earnings | $ 3.28 | $ 2.87 | $ 0.93 | $ 1.22 | $ 1.12 | $ 0.99 | $ 1.06 |
Diluted earnings | 3.23 | 2.84 | 0.91 | 1.21 | 1.11 | 0.98 | 1.04 |
Average common shares issued and outstanding | 7,152.7 | 7,574.5 | 7,052.5 | 7,151.2 | 7,256.1 | 7,364.9 | 7,466.0 |
Average diluted common shares issued and outstanding | 7,312.5 | 7,724.7 | 7,222.2 | 7,294.2 | 7,417.5 | 7,546.9 | 7,627.1 |
(Dollars in millions) Net income | Nine Months Ended September 30 2026 2025 $ 24,591 $ 22,862 | Third Quarter 2026 | Second Quarter 2026 | First Quarter 2026 | Fourth Quarter 2025 | Third Quarter 2025 | |
$ 6,933 | $ 9,074 | $ 8,584 | $ 7,647 | $ 8,332 | |||
Other comprehensive income (loss), net-of-tax: | |||||||
Net change in debt securities | (2,348) | 489 | (1,871) | 52 | (529) | 667 | 438 |
Net change in debit valuation adjustments | 349 | (161) | 90 | (401) | 660 | (168) | (305) |
Net change in derivatives | (2,874) | 3,145 | (1,496) | (751) | (627) | 445 | 636 |
Employee benefit plan adjustments | 110 | 37 | 39 | 36 | 35 | 282 | (16) |
Net change in foreign currency translation adjustments | 19 | 30 | 1 | 9 | 9 | (7) | 6 |
Other comprehensive income (loss) | (4,744) | 3,540 | (3,237) | (1,055) | (452) | 1,219 | 759 |
Comprehensive income | $ 19,847 | $ 26,402 | $ 3,696 | $ 8,019 | $ 8,132 | $ 8,866 | $ 9,091 |
Bank of America Corporation and Subsidiaries
Net Interest Income and Noninterest Income(Dollars in millions)
Net interest income | Nine Months Ended September 30 2026 2025 | Third Quarter 2026 | Second Quarter 2026 | First Quarter 2026 | Fourth Quarter 2025 | Third Quarter 2025 | |
Interest income | |||||||
Loans and leases | $ 47,833 | $ 47,065 | $ 16,487 | $ 15,863 | $ 15,483 | $ 16,015 | $ 16,191 |
Debt securities | 18,265 | 20,638 | 5,942 | 6,032 | 6,291 | 6,755 | 6,958 |
Federal funds sold and securities borrowed or purchased under agreements to resell | 12,256 | 11,670 | 4,214 | 4,185 | 3,857 | 3,763 | 3,802 |
Trading account assets | 9,417 | 9,260 | 3,156 | 3,063 | 3,198 | 2,979 | 3,195 |
Other interest income | 13,677 | 15,672 | 4,458 | 4,689 | 4,530 | 4,749 | 5,220 |
Total interest income | 101,448 | 104,305 | 34,257 | 33,832 | 33,359 | 34,261 | 35,366 |
Interest expense | |||||||
Deposits | 22,278 | 26,245 | 7,605 | 7,372 | 7,301 | 8,268 | 8,932 |
Short-term borrowings | 19,448 | 21,570 | 6,331 | 6,607 | 6,510 | 6,472 | 7,172 |
Trading account liabilities | 2,298 | 2,055 | 797 | 756 | 745 | 602 | 672 |
Long-term debt | 9,233 | 10,089 | 3,075 | 3,100 | 3,058 | 3,169 | 3,357 |
Total interest expense | 53,257 | 59,959 | 17,808 | 17,835 | 17,614 | 18,511 | 20,133 |
Net interest income | $ 48,191 | $ 44,346 | $ 16,449 | $ 15,997 | $ 15,745 | $ 15,750 | $ 15,233 |
Noninterest income | |||||||
Fees and commissions | |||||||
Card income | |||||||
Interchange fees (1) | $ 2,706 | $ 2,942 | $ 894 | $ 947 | $ 865 | $ 934 | $ 990 |
Other card income | 1,931 | 1,851 | 667 | 636 | 628 | 632 | 639 |
Total card income | 4,637 | 4,793 | 1,561 | 1,583 | 1,493 | 1,566 | 1,629 |
Service charges | |||||||
Deposit-related fees | 3,964 | 3,760 | 1,322 | 1,336 | 1,306 | 1,284 | 1,267 |
Lending-related fees | 1,092 | 1,048 | 354 | 370 | 368 | 365 | 365 |
Total service charges | 5,056 | 4,808 | 1,676 | 1,706 | 1,674 | 1,649 | 1,632 |
Investment and brokerage services | |||||||
Asset management fees | 13,369 | 11,408 | 4,630 | 4,427 | 4,312 | 4,193 | 3,972 |
Brokerage fees | 3,586 | 3,248 | 1,131 | 1,226 | 1,229 | 1,107 | 1,091 |
Total investment and brokerage services | 16,955 | 14,656 | 5,761 | 5,653 | 5,541 | 5,300 | 5,063 |
Investment banking fees | |||||||
Underwriting income | 3,146 | 2,568 | 975 | 1,220 | 951 | 752 | 992 |
Syndication fees | 1,050 | 1,096 | 353 | 360 | 337 | 324 | 438 |
Financial advisory services | 1,582 | 1,300 | 471 | 558 | 553 | 590 | 583 |
Total investment banking fees | 5,778 | 4,964 | 1,799 | 2,138 | 1,841 | 1,666 | 2,013 |
Total fees and commissions | 32,426 | 29,221 | 10,797 | 11,080 | 10,549 | 10,181 | 10,337 |
Market making and similar activities | 10,174 | 9,940 | 2,360 | 4,177 | 3,637 | 2,074 | 3,203 |
Other income (loss) | 997 | 1,223 | 352 | 304 | 341 | 362 | 267 |
Total noninterest income | $ 43,597 | $ 40,384 | $ 13,509 | $ 15,561 | $ 14,527 | $ 12,617 | $ 13,807 |
(1) Gross interchange fees and merchant income were $10.7 billion and $10.2 billion and are presented net of $8.0 billion and $7.3 billion of expenses for rewards and partner payments as well as certain other card costs for the nine months ended September 30, 2026 and 2025. Gross interchange fees and merchant income were $3.6 billion, $3.7 billion,
$3.4 billion, $3.6 billion and $3.4 billion and are presented net of $2.7 billion, $2.7 billion, $2.5 billion, $2.6 billion and $2.5 billion of expenses for rewards and partner payments as well as certain other card costs for the third, second and first quarters of 2026 and the fourth and third quarters of 2025, respectively.