1 Q3-22 Financial Highlights2 Q3-22 Business Segment Highlights2,3(B) Consumer Banking Global Wealth and Investment Management Global Banking Global Markets Bank of America Reports Q3-22 Net Income of $7.1 Billion; EPS of $0.81 Revenue Grew 8%1 led by 24% Improvement in Net Interest Income to $13.8 Billion Fifth Consecutive Quarter of Operating Leverage(A); CET1 Ratio of 11.0% See page 10 for endnotes. Amounts may not total due to rounding. 1 Revenue, net of interest expense 2 Financial Highlights and Business Segment Highlights are compared to the year-ago quarter unless noted. Loan and deposit balances are shown on an average basis unless noted. 3 The Corporation reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis. 4 Sum of ending deposits, loans and leases, including margin receivables, and consumer investments, excluding deposit sweep balances. 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 Source: Dealogic as of October 1, 2022. 7 Predominantly offsetting shares awarded under equity-based compensation plans. 8 Return on average tangible common shareholders’ equity ratio and tangible book value per common share represent non-GAAP financial measures. For more information, see page 19. • Net income of $7.1 billion, or $0.81 per diluted share • Pretax income declined 7% to $8.3 billion reflecting a reserve build compared to a reserve release in Q3-21(C) – Pretax, pre-provision income(D) increased 10% to $9.2 billion • Revenue, net of interest expense, increased 8% to $24.5 billion – Net interest income (NII)(E) up $2.7 billion, or 24%, to $13.8 billion, driven by benefits from higher interest rates, including lower premium amortization expense, and solid loan growth – Noninterest income of $10.7 billion decreased $935 million, or 8%, as higher sales and trading revenue was more than offset by lower investment banking and asset management fees as well as lower service charges • Provision for credit losses of $898 million increased $1.5 billion – Net reserve build of $378 million vs. net reserve release of $1.1 billion in Q3-21(C) – Net charge-offs of $520 million increased 12% • Noninterest expense increased $863 million, or 6%, to $15.3 billion and included $354 million related to the settlement of legacy monoline insurance litigation • Average loan and lease balances up $114 billion, or 12%, to $1.0 trillion led by strong commercial loan growth as well as higher credit card balances • Average deposits up $20 billion, or 1%, to $2.0 trillion • Average Global Liquidity Sources of $941 billion(F) • Common equity tier 1 (CET1) ratio of 11.0% (Standardized)(G) increased by 49 basis points from Q2-22; paid $1.8 billion in common dividends and repurchased $450 million of common stock7 • Return on average common shareholders' equity ratio of 10.8%; return on average tangible common shareholders' equity ratio of 15.2%8 • Net income of $1.1 billion • Sales and trading revenue up 13% to $4.1 billion, including net debit valuation adjustment (DVA) losses of $14 million; Fixed Income Currencies and Commodities (FICC) revenue of $2.6 billion and Equities revenue of $1.5 billion • Excluding net DVA(H), sales and trading revenue up 13% to $4.1 billion; FICC up 27% to $2.6 billion; Equities down 4% to $1.5 billion • Zero days of trading losses in Q3-22 From Chair and CEO Brian Moynihan: “We continued to see strong organic client growth across our businesses, with increased client activity helping to drive revenue up by 8%. Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts. Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients. Our team adapted well to our new capital requirements and improved our CET1 ratio by 49 basis points to 11%, above our new regulatory minimums. I am proud of our teammates’ efforts to deliver for our clients and shareholders.” • Net income of $1.2 billion • Client balances of $3.2 trillion, down 12%, driven by lower market valuations, partially offset by net client flows • Pretax margin of 29% • Client Activity – AUM balances of $1.3 trillion; $42 billion of AUM flows since Q3-21 – Average loan and lease balances of $224 billion, up $24 billion, or 12%; 50th consecutive quarter of average loan and lease balance growth – Added more than 5,700 net new relationships across Merrill and Private Bank • Net income of $2.0 billion • Total investment banking fees (excl. self-led) of $1.2 billion, decrease of 46%, reflecting weaker industry-wide underwriting activity this year • No. 3 in investment banking fees6 • Client Activity – Average loan and lease balances of $384 billion, up $60 billion, or 18% – Global Transaction Services revenue of $2.8 billion, up $858 million, or 44% • Net income of $3.1 billion • Client balances of $1.6 trillion, up 1%4 • Average deposits of more than $1 trillion, up $68 billion, or 7% • Combined credit/debit card spend of $218 billion, up 9% • Client Activity – Added ~418,000 net new Consumer checking accounts in Q3-22; 15th consecutive quarter of growth and highest quarter since Q3-08 – Record 35.6 million Consumer checking accounts with 92% being primary5 – Small Business checking accounts of 3.7 million, up 5% – Digital sales grew 36%

2 Bank of America Financial Highlights Three Months Ended ($ in billions, except per share data) 9/30/2022 6/30/2022 9/30/2021 Total revenue, net of interest expense $24.5 $22.7 $22.8 Provision for credit losses 0.9 0.5 (0.6) Noninterest expense 15.3 15.3 14.4 Pretax income 8.3 6.9 9.0 Pretax, pre-provision income1(D) 9.2 7.4 8.3 Income tax expense 1.2 0.6 1.3 Net Income 7.1 6.2 7.7 Diluted earnings per share $0.81 $0.73 $0.85 1 Pretax, pre-provision income represents a non-GAAP financial measure. For more information, see page 19. From Chief Financial Officer Alastair Borthwick: “We delivered a solid quarter for shareholders as we continued to execute on our responsible growth strategy. We grew revenue, delivered operating leverage for the 5th consecutive quarter, continued our steady investments in the franchise, and managed risk well. This helped us to deliver strong pretax, pre-provision income growth year over year.” Net Interest Income $11.1 $11.4 $11.6 $12.4 $13.8 1.68% 1.67% 1.69% 1.86% 2.06% Net Interest Income Net Interest Yield Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Average Loans and Leases $921 $945 $978 $1,015 $1,034 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Spotlight on Loan and NII Growth ($B) 1 1 Fully taxable equivalent (FTE) basis(E)

3 Consumer Banking1,2 Financial Results Three months ended ($ in millions) 9/30/2022 6/30/2022 9/30/2021 Total revenue2 $9,904 $9,136 $8,838 Provision for credit losses 738 350 247 Noninterest expense 5,097 4,959 4,558 Pretax income 4,069 3,827 4,033 Income tax expense 997 938 988 Net income $3,072 $2,889 $3,045 Business Highlights3(B) Three months ended ($ in billions) 9/30/2022 6/30/2022 9/30/2021 Average deposits $1,069.1 $1,078.0 $1,000.8 Average loans and leases 295.2 289.6 281.4 Consumer investment assets (EOP)4 302.4 315.2 353.3 Active mobile banking users (MM) 34.9 34.2 32.5 Number of financial centers 3,932 3,984 4,215 Efficiency ratio 51 % 54 % 52 % Return on average allocated capital 30 29 31 Total Consumer Credit Card3 Average credit card outstanding balances $85.0 $81.0 $75.6 Total credit/debit spend 218.2 220.5 200.6 Risk-adjusted margin 10.1 % 9.9 % 10.7 % 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 The Consumer credit card portfolio includes Consumer Banking and GWIM. 4 Consumer investment assets includes client brokerage assets, deposit sweep balances and AUM in Consumer Banking. 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 2022. Includes clients in Consumer, Small Business and GWIM. 7 Household adoption represents households with consumer bank login activities in a 90-day period, as of August 2022. • Net income of $3.1 billion increased 1% as revenue improvement was partially offset by business investments and higher provision for credit losses – Pretax income of $4.1 billion increased 1% – Pretax, pre-provision income(D) of $4.8 billion increased 12% • Revenue of $9.9 billion improved 12% due to increased NII driven by higher balances and interest rates, partially offset by the impact of reduced customer non-sufficient funds and overdraft fees • Provision for credit losses was $738 million, primarily driven by loan growth, and increased $491 million from Q3-21, as the prior year benefited from a reserve release(C) • Noninterest expense of $5.1 billion increased 12%, primarily driven by investments in the business, including marketing and technology, and compensation and benefits – Efficiency ratio of 51% Business Highlights1,3(B) • Average deposits exceeded $1 trillion and were up $68 billion, or 7%; 5th straight quarter of average deposits greater than $1 trillion – 56% of deposits in checking accounts; 92% primary accounts5 • Average loans and leases of $295 billion increased $14 billion, or 5% • Consumer investment assets4 of $302 billion declined $51 billion, or 14%, driven by lower market valuations, partially offset by $24 billion of strong client flows from new and existing clients – Record 3.4 million consumer investment accounts, up 6% • Combined credit / debit card spend up $18 billion, or 9%; credit card up 13% and debit card up 6% • 10.1 million Total clients6 enrolled in Preferred Rewards, up 10%, with 99% annualized retention rate Digital Usage Continued to Grow1 • Record 72% of overall households7 actively using digital platforms • Record 43.5 million active digital banking users, up 6% or ~2.6 million • ~1.9 million digital sales, up 36% • Record 3.0 billion digital logins, up 12% • 17.7 million active Zelle® users sent and received 255 million transfers worth $77 billion, up 26% and 29% YoY, respectively • Clients booked ~923,000 digital appointments Continued Business Leadership • No. 1 in estimated U.S. Retail Deposits(a) • No. 1 Online Banking and Mobile Banking Functionality(b) • No. 1 in customer satisfaction with Merchant Services by J.D. Power(c) • No. 1 Small Business Lender(d) • Best Bank in the U.S.(e) • Best Consumer Digital Bank in the U.S.(f) • Certified by J.D. Power for providing outstanding client satisfaction for financial wellness support(g) See page 11 for Business Leadership sources.

4 Global Wealth and Investment Management1,2 Financial Results Three months ended ($ in millions) 9/30/2022 6/30/2022 9/30/2021 Total revenue2 $5,429 $5,433 $5,310 Provision for credit losses 37 33 (58) Noninterest expense 3,816 3,875 3,744 Pretax income 1,576 1,525 1,624 Income tax expense 386 374 398 Net income $1,190 $1,151 $1,226 Business Highlights(B) Three months ended ($ in billions) 9/30/2022 6/30/2022 9/30/2021 Average deposits $339.5 $363.9 $339.4 Average loans and leases 223.7 219.3 199.7 Total client balances (EOP) 3,248.8 3,367.1 3,692.8 AUM flows 4.1 1.0 14.8 Pretax margin 29 % 28 % 31 % Return on average allocated capital 27 26 30 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. Continued Business Leadership • No. 1 on Forbes’ Best-in-State Wealth Advisors (2022), Top Women Wealth Advisors (2022), Top Women Wealth Advisors Best-in State (2022), and Top Next Generation Advisors (2022) • No. 1 on Barron’s Top 100 Women Financial Advisors List (2022) • No. 1 on Financial Planning's 'Top 40 Advisors Under 40' List (2022) • Celent Model Wealth Manager award for Client Experience (2022) • Aite-Novarica award for Digital Client Experience (2022) • No. 1 in personal trust AUM(h) • Best Private Bank in the U.S. by Family Wealth Report(i) and Global Private Banker(j) • Best Philanthropy Offering in the U.S. by WealthBriefing(k) See page 11 for Business Leadership sources. • Net income of $1.2 billion decreased 3% – Pretax income of $1.6 billion decreased 3% – Pretax, pre-provision income(D) of $1.6 billion increased 3% • Revenue of $5.4 billion increased 2%, driven by higher NII, partially offset by the impact of lower market valuations on noninterest income • Noninterest expense of $3.8 billion increased 2%, driven by investments in the business, partially offset by lower revenue-related incentives Business Highlights1(B) • Total client balances of $3.2 trillion decreased 12%, driven by lower market valuations, partially offset by net client flows – AUM flows of $42 billion since Q3-21 – Average deposits of $339 billion, relatively flat – Average loans and leases of $224 billion increased $24 billion, or 12%, driven by residential mortgage lending, custom lending, and securities-based lending; 50th consecutive quarter of average loan and lease balance growth Merrill Wealth Management Highlights1 Client Activity and Advisor Engagement – Client balances of $2.7 trillion – AUM balances of $1.0 trillion – Added ~5,200 net new households in Q3-22, up 23% Strong Digital Usage Continued – 80% of Merrill households digitally active across the enterprise – Continued growth of advisor/client digital communications; 375,000 households exchanged ~1.3 million secure messages – Record 77% households enrolled in eDelivery; 268,000 planning reports generated, up 48% from Q3-21 – Record 75% of eligible checks deposited through automated channels – Record Erica® interactions up 35% Client Engagement – Client balances of $538 billion – AUM balances of $296 billion – Added ~550 net new relationships in Q3-22, up 101% Bank of America Private Bank Highlights1 Strong Digital Usage Continued – 86% of clients digitally active across the enterprise – 75% of eligible checks deposited through automated channels – Clients increasingly leveraging the convenience and effectiveness of our digital capabilities: ▪ Record Erica® interactions up 62% ▪ Record Zelle® transactions up 41% ▪ Record Digital wallet transactions up 63%

5 Global Banking1,2,3 Financial Results Three months ended ($ in millions) 9/30/2022 6/30/2022 9/30/2021 Total revenue2,3 $5,591 $5,006 $5,245 Provision for credit losses 170 157 (781) Noninterest expense 2,651 2,799 2,534 Pretax income 2,770 2,050 3,492 Income tax expense 734 543 943 Net income $2,036 $1,507 $2,549 Business Highlights2(B) Three months ended ($ in billions) 9/30/2022 6/30/2022 9/30/2021 Average deposits $495.2 $509.3 $534.2 Average loans and leases 384.3 377.2 324.7 Total Corp. IB fees (excl. self- led)2 1.2 1.1 2.2 Global Banking IB fees2 0.7 0.7 1.3 Business Lending revenue 2.1 2.0 1.9 Global Transaction Services revenue4 2.8 2.4 1.9 Efficiency ratio 47 % 56 % 48 % Return on average allocated capital 18 14 24 1 Comparisons are to the year-ago quarter unless noted. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Revenue, net of interest expense. 4 Prior periods have been revised to conform to current-period presentation. • Net income of $2.0 billion decreased 20% – Pretax income of $2.8 billion decreased 21% – Pretax, pre-provision income(D) of $2.9 billion increased 8% • Revenue of $5.6 billion increased $346 million – NII of $3.3 billion increased $1.1 billion driven by benefits from higher interest rates and strong loan growth – Noninterest income of $2.3 billion decreased $795 million driven by lower investment banking fees and leasing-related revenue as well as lower treasury service charges due to higher earnings credit rates • Provision for credit losses was $170 million, primarily driven by a dampening macroeconomic outlook, with an increase of $951 million from Q3-21, as the prior year benefited from a reserve release(C) • Noninterest expense of $2.7 billion increased 5%, primarily reflecting continued investments in the business, including strategic hiring Continued Business Leadership • Global Most Innovative Financial Institution – 2022(l) • World's Best Bank, North America’s Best Bank for Small to Medium-sized Enterprises, and Best Bank in the US(m) • Best Global Bank for Payments & Collections(n) • Model Bank for Corporate Digital Banking – For CashPro App(o) • Best Bank for Cash Management in North America(n) • Impact Awards in Cash Management and Payments – Product Development for CashPro Forecasting(p) • World’s Best Bank for Payments and Treasury and North America’s Best Bank for Transaction Services(m) • Outstanding Global Leader in Social Bonds, Outstanding Leader in Social Bonds and Sustainable Loans for North America(q) • Relationships with 73% of the Global Fortune 500; 95% of the U.S. Fortune 1,000 (2022) See page 11 for Business Leadership sources. Digital Usage Continued to Grow1 • 76% digitally active clients across commercial, corporate, and business banking clients (CashPro & BA360 platforms) (as of August 2022) • CashPro App Active Users increased 29% and sign- ins increased 41% (rolling 12 months), surpassing 2.0 million sign-ins in the past year • CashPro App Payment Approvals value was $602 billion, increasing 100% (rolling 12 months) • Global Payments to Digital Wallets increased 16% (rolling 12 months as of August 2022) Business Highlights1,2(B) • Average loans and leases of $384 billion increased $60 billion, or 18%, reflecting strong client demand • Average deposits of $495 billion decreased $39 billion, or 7% • Total investment banking fees (excl. self-led) of $1.2 billion decreased $1.0 billion, or 46%

6 Global Markets1,2,3,6 Financial Results Three months ended ($ in millions) 9/30/2022 6/30/2022 9/30/2021 Total revenue2,3 $4,483 $4,502 $4,519 Net DVA4 (14) 158 (20) Total revenue (excl. net DVA)2,3,4 $4,497 $4,344 $4,539 Provision for credit losses 11 8 16 Noninterest expense(I) 3,023 3,109 3,252 Pretax income 1,449 1,385 1,251 Income tax expense 384 367 325 Net income $1,065 $1,018 $926 Net income (excl. net DVA)4 $1,076 $898 $941 Business Highlights2(B) Three months ended ($ in billions) 9/30/2022 6/30/2022 9/30/2021 Average total assets $847.9 $866.7 $804.9 Average trading-related assets 592.4 606.1 563.7 Average loans and leases 120.4 114.4 97.1 Sales and trading revenue2 4.1 4.2 3.6 Sales and trading revenue (excl. net DVA)2(H) 4.1 4.0 3.6 Global Markets IB fees2 0.4 0.5 0.8 Efficiency ratio 67 % 69 % 72 % Return on average allocated capital 10 10 10 1 Comparisons are to the year-ago quarter unless noted. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Revenue, net of interest expense. 4 Revenue and net income, excluding net DVA, are non-GAAP financial measures. See endnote H on page 10 for more information. 5 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. Average VaR was $117MM, $118MM and $78MM for Q3-22, Q2-22 and Q3-21, respectively. 6 The explanations for current period-over-period changes for Global Markets are the same for amounts including and excluding net DVA. 7 Macro products include currencies, interest rates and commodities products. • Net income of $1.1 billion increased $139 million, or 15% – Excluding net DVA, net income of $1.1 billion increased 14%4 • Revenue of $4.5 billion decreased 1%, primarily driven by lower investment banking fees, partially offset by higher sales and trading revenue – Excluding net DVA, revenue decreased $42 million, or 1%4 • Noninterest expense of $3.0 billion decreased $229 million, or 7%, primarily driven by the absence of expenses related to a liquidating business activity, which was realigned from Global Markets to All Other(I) in Q4-21 • Average VaR of $117 million5 Business Highlights1,2,6(B) • Sales and trading revenue increased 13% to $4.1 billion – FICC revenue increased to $2.6 billion, driven by improved performance across all macro products,7 partially offset by a weaker trading performance for credit and mortgage products – Equities revenue decreased to $1.5 billion, driven by lower client activity in Asia and a weaker trading performance in cash, partially offset by increased client activity in derivatives • Excluding net DVA, sales and trading revenue increased 13% to $4.1 billion(H) – FICC revenue of $2.6 billion increased 27% – Equities revenue of $1.5 billion decreased 4% Additional Highlights • 670+ research analysts covering 3,500+ companies, 1,180+ corporate bond issuers across 55+ economies and 24 industries Continued Business Leadership • Americas Derivatives House of the Year and Americas House of the Year for Equity Derivatives, FX Derivatives, Interest Rate Derivatives, and Commodities Derivatives(r) • Interest Rate Derivatives House of the Year(s) • Global Leader for Sustainable Project Finance(l) • Overall Leader for North America in Sustainable Finance(l) • No. 2 Global Research Firm(t) • No. 2 Global Fixed Income Research Team(t) • Securitization Research Team of the Year(r) • Most Impressive Corporate Bond House in Dollars(r) • No. 1 Municipal Bonds Underwriter(u) See page 11 for Business Leadership sources.

7 All Other1,2 Financial Results Three months ended ($ in millions) 9/30/2022 6/30/2022 9/30/2021 Total revenue2 $(799) $(1,286) $(1,045) Provision for credit losses (58) (25) (48) Noninterest expense(I) 716 531 352 Pretax loss (1,457) (1,792) (1,349) Income tax expense (benefit) (1,176) (1,474) (1,294) Net income (loss) $(281) $(318) $(55) 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. Note: 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. • Net loss of $281 million, compared to net loss of $55 million in Q3-21, driven primarily by higher litigation expense as a result of the legacy monoline settlement and the realignment of a liquidating business activity from Global Markets to All Other(I) in Q4-21 • Total corporate effective tax rate (ETR) for the quarter was 14.7% driven by recurring ESG tax credit benefits – ETR includes $152 million net reduction in tax credit benefits, as certain solar investment tax credits recognized in 1H22 were reversed and replaced with production tax credits, which are now available under the Inflation Reduction Act and are expected to be claimed – Excluding ESG tax credits, the ETR would have been approximately 24%

8 Credit Quality1 Highlights Three months ended ($ in millions) 9/30/2022 6/30/2022 9/30/2021 Provision for credit losses $898 $523 ($624) Net charge-offs 520 571 463 Net charge-off ratio2 0.20 % 0.23 % 0.20 % At period-end Nonperforming loans and leases $3,983 $4,164 $4,714 Nonperforming loans and leases ratio 0.39 % 0.41 % 0.51 % Allowance for loan and lease losses $12,302 $11,973 $13,155 Allowance for loan and lease losses ratio3 1.20 % 1.17 % 1.43 % 1 Comparisons are to the year-ago quarter unless noted. 2 Net charge-off ratio is calculated as annualized net charge-offs divided by average outstanding loans and leases during the period. 3 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. Note: Ratios do not include loans accounted for under the fair value option. Charge-offs • Total net charge-offs of $520 million decreased $51 million from Q2-22 – Consumer net charge-offs of $459 million decreased $66 million from Q2-22, primarily driven by the absence of charge-offs associated with non-core mortgage sales – Commercial net charge-offs of $61 million remained low • Net charge-off ratio of 20 basis points decreased 3 basis points from Q2-22; net charge-off ratio remained near historical lows2 Provision for credit losses • Provision for credit losses of $898 million – Net reserve build of $378 million in Q3-22 driven primarily by credit card loan growth and a dampening macroeconomic outlook(C) Allowance for credit losses • Allowance for loan and lease losses of $12.3 billion represented 1.20% of total loans and leases3 – Total allowance of $13.8 billion included $1.5 billion for unfunded commitments • Nonperforming loans decreased $181 million from Q2-22 to $4.0 billion – 63% of Consumer nonperforming loans are contractually current • Commercial reservable criticized utilized exposure of $17.7 billion decreased $455 million from Q2-22, driven by Commercial Real Estate

9 Balance Sheet, Liquidity and Capital Highlights ($ in billions except per share data, end of period, unless otherwise noted)(B) Three months ended 9/30/2022 6/30/2022 9/30/2021 Ending Balance Sheet Total assets $3,073.4 $3,111.6 $3,085.4 Total loans and leases 1,032.5 1,030.8 927.7 Total loans and leases in business segments (excluding All Other) 1,022.1 1,019.9 910.9 Total deposits 1,938.1 1,984.3 1,964.8 Average Balance Sheet Average total assets $3,105.5 $3,157.9 $3,076.5 Average loans and leases 1,034.3 1,014.9 920.5 Average deposits 1,962.8 2,012.1 1,942.7 Funding and Liquidity Long-term debt $269.1 $275.7 $278.6 Global Liquidity Sources, average(F) 941 984 1,120 Equity Common shareholders’ equity $240.4 $240.0 $249.0 Common equity ratio 7.8 % 7.7 % 8.1 % Tangible common shareholders’ equity1 $170.2 $169.8 $178.7 Tangible common equity ratio1 5.7 % 5.6 % 5.9 % Per Share Data Common shares outstanding (in billions) 8.02 8.04 8.24 Book value per common share $29.96 $29.87 $30.22 Tangible book value per common share1 21.21 21.13 21.69 Regulatory Capital(G) CET1 capital $175.6 $171.8 $174.4 Standardized approach Risk-weighted assets $1,599 $1,638 $1,568 CET1 ratio 11.0 % 10.5 % 11.1 % Advanced approaches Risk-weighted assets $1,391 $1,407 $1,380 CET1 ratio 12.6 % 12.2 % 12.6 % Supplementary leverage Supplementary leverage ratio (SLR) 5.8 % 5.5 % 5.6 % 1 Represents a non-GAAP financial measure. For reconciliation, see page 19.

10 Endnotes Three months ended (Dollars in millions) 9/30/2022 6/30/2022 9/30/2021 Sales and trading revenue Fixed-income, currencies and commodities $ 2,552 $ 2,500 $ 2,009 Equities 1,540 1,653 1,605 Total sales and trading revenue $ 4,092 $ 4,153 $ 3,614 Sales and trading revenue, excluding net debit valuation adjustment1 Fixed-income, currencies and commodities $ 2,567 $ 2,340 $ 2,025 Equities 1,539 1,655 1,609 Total sales and trading revenue, excluding net debit valuation adjustment $ 4,106 $ 3,995 $ 3,634 A Operating leverage is calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. B We present certain key financial and nonfinancial performance indicators (KPIs) that management uses when assessing consolidated and/or segment results. We believe this information is useful because it provides management and investors with information about underlying operational performance and trends. KPIs are presented in Balance Sheet, Liquidity and Capital Highlights and on the Segment pages for each segment. C 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 recognized in that period. D Pretax, pre-provision income (PTPI) at the consolidated level, as well as at the segment level, is a non-GAAP financial measure calculated by adjusting the respective entity’s 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 Company’s ability to generate earnings to cover credit losses through a credit cycle and provides an additional basis for comparing the Company's results of operations between periods by isolating the impact of provision for credit losses, which can vary significantly between periods. For Reconciliations to GAAP financial measures, see page 19 for Total company and below for segments. 1 For the three months ended September 30, 2022, June 30, 2022 and September 30, 2021, net DVA gains (losses) were $(14) million, $158 million and $(20) million, FICC net DVA gains (losses) were $(15) million, $160 million and $(16) million, and Equities net DVA gains (losses) were $1 million, $(2) million and $(4) million, respectively. I Effective October 1, 2021, a business activity previously included in the Global Markets segment is being reported as a liquidating business in All Other, consistent with a realignment in performance reporting to senior management. The activity was not material to Global Markets' results of operations, and historical results for the third quarter of 2021 were not restated. (Dollars in millions) Third Quarter 2022 Consumer Banking GWIM Global Banking Pretax income $ 4,069 $ 1,576 $ 2,770 Provision for credit losses 738 37 170 Pretax, pre-provision income $ 4,807 $ 1,613 $ 2,940 Second Quarter 2022 Consumer Banking GWIM Global Banking Pretax income $ 3,827 $ 1,525 $ 2,050 Provision for credit losses 350 33 157 Pretax, pre-provision income $ 4,177 $ 1,558 $ 2,207 Third Quarter 2021 Consumer Banking GWIM Global Banking Pretax income $ 4,033 $ 1,624 $ 3,492 Provision for credit losses 247 (58) (781) Pretax, pre-provision income $ 4,280 $ 1,566 $ 2,711 E We also measure NII on an FTE basis, which is a non-GAAP financial measure. FTE basis is a performance measure used in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. We believe that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practice. NII on an FTE basis was $13.9 billion, $12.5 billion, $11.7 billion, $11.5 billion and $11.2 billion for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively. The FTE adjustment was $106 million, $103 million, $106 million, $105 million and $101 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively. F 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 mortgage-backed securities, 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. It does not include Federal Reserve Discount Window or Federal Home Loan Bank borrowing capacity. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. G Regulatory capital ratios at September 30, 2022 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy, which for CET1 is the Standardized approach for all periods presented. H The below table includes Global Markets sales and trading revenue, excluding net DVA, which is a non-GAAP financial measure. We believe that the presentation of measures that exclude this item is useful because such measures provide additional information to assess the underlying operational performance and trends of our businesses and to allow better comparison of period-to-period operating performance.

11 (a) Estimated U.S. retail deposits based on June 30, 2022 FDIC deposit data. (b) Javelin 2022 Online and Mobile Banking Scorecards. (c) Bank of America received the highest score in the J.D. Power 2022 Merchant Services Satisfaction Study of customers’ satisfaction with credit card/debit payment processors among small business owners/operators. Visit jdpower.com/awards for more details. (d) FDIC, 2Q22. (e) Global Finance, May 2022. (f) Global Finance, August 2022. (g) J.D. Power 2022 Financial Health Support CertificationSM is based on exceeding customer experience benchmarks using client surveys and a best practices verification. For more information, visit jdpower.com/awards. (h) Industry Q2-22 FDIC call reports. (i) Family Wealth Report, 2022. (j) Global Private Banking, The Digital Banker, 2021. (k) WealthBriefing, 2022. (l) Global Finance, 2022. (m) Euromoney, 2022. (n) Global Finance Treasury & Cash Management Awards, 2022. (o) Celent, 2022. (p) Aite-Novarica Group, 2022. (q) Global Finance, 2021. (r) GlobalCapital, 2022. (s) Risk.net, 2022. (t) Institutional Investor, 2021. (u) Refinitiv, 2022 YTD. Business Leadership Sources

12 Contact Information and Investor Conference Call Invitation Investor Call Information Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss third-quarter 2022 financial results in a conference call at 8:30 a.m. ET today. The presentation and supporting materials can be accessed on the Bank of America Investor Relations website at https://investor.bankofamerica.com. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from October 17 through 11:59 p.m. ET on October 27. Investors May Contact: Lee McEntire, Bank of America Phone: 1.980.388.6780 lee.mcentire@bofa.com Jonathan G. Blum, Bank of America (Fixed Income) Phone: 1.212.449.3112 jonathan.blum@bofa.com Bank of America Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. 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,” “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, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, 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. Reporters May Contact: Bill Halldin, Bank of America Phone: 1.916.718.1251 william.halldin@bofa.com Christopher Feeney, Bank of America Phone: 1.980.386.6794 (office) christopher.feeney@bofa.com

13 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 2021 Annual Report on Form 10-K and in any of the Corporation’s subsequent Securities and Exchange Commission filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage resulting from pending or future litigation and regulatory investigations, proceedings and enforcement actions, including as a result of our participation in and execution of government programs related to the Coronavirus Disease 2019 (COVID-19) pandemic, such as the processing of unemployment benefits for California and certain other states; 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 possibility that the Corporation could face increased claims from one or more parties involved in mortgage securitizations; the Corporation’s ability to resolve representations and warranties repurchase and related claims; the risks related to the discontinuation of the London Interbank Offered Rate and other 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 U.S. and global interest rates, inflation, currency exchange rates, economic conditions, trade policies and tensions, including tariffs, and potential geopolitical instability; the impact of the interest rate, inflationary and macroeconomic environment on the Corporation’s business, financial condition and results of operations; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of 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; 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; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including, but not limited to, recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and the Coronavirus Aid, Relief, and Economic Security Act and any similar or related rules and regulations; a failure or disruption in or breach of the Corporation’s operational or security systems or infrastructure, or those of third parties, including as a result of cyber-attacks or campaigns; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental, social and governance goals and commitments or the impact of any changes in the Corporation's sustainability strategy or commitments generally; the impact of any future federal government shutdown and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary or regulatory policy; the emergence of widespread health emergencies or pandemics, including the magnitude and duration of the COVID-19 pandemic and its impact on U.S. and/or global financial market conditions and our business, results of operations, financial condition and prospects; the impact of natural disasters, extreme weather events, military conflict (including the Russia/Ukraine conflict, the possible expansion of such conflict and potential geopolitical consequences), 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. “Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”) or other affiliates, including, in the United States, BofA Securities, Inc., Merrill Lynch Professional Clearing Corp. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, each of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured · May Lose Value · Are Not Bank Guaranteed. Bank of America Corporation’s broker-dealers are not banks and are separate legal entities from their bank affiliates. The obligations of the broker-dealers are not obligations of their bank affiliates (unless explicitly stated otherwise), and these bank affiliates are not responsible for securities sold, offered, or recommended by the broker-dealers. The foregoing also applies to other non-bank affiliates. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom at https://newsroom.bankofamerica.com. www.bankofamerica.com

Current-period information is preliminary and based on company data available at the time of the presentation. 14 Bank of America Corporation and Subsidiaries Selected Financial Data (In millions, except per share data) Nine Months Ended September 30 Third Quarter 2022 Second Quarter 2022 Third Quarter 2021Summary Income Statement 2022 2021 Net interest income $ 37,781 $ 31,524 $ 13,765 $ 12,444 $ 11,094 Noninterest income 32,637 35,529 10,737 10,244 11,672 Total revenue, net of interest expense 70,418 67,053 24,502 22,688 22,766 Provision for credit losses 1,451 (4,105) 898 523 (624) Noninterest expense 45,895 45,000 15,303 15,273 14,440 Income before income taxes 23,072 26,158 8,301 6,892 8,950 Income tax expense 2,676 1,193 1,219 645 1,259 Net income $ 20,396 $ 24,965 $ 7,082 $ 6,247 $ 7,691 Preferred stock dividends 1,285 1,181 503 315 431 Net income applicable to common shareholders $ 19,111 $ 23,784 $ 6,579 $ 5,932 $ 7,260 Average common shares issued and outstanding 8,122.2 8,583.1 8,107.7 8,121.6 8,430.7 Average diluted common shares issued and outstanding 8,173.3 8,702.2 8,160.8 8,163.1 8,492.8 Summary Average Balance Sheet Total debt securities $ 940,808 $ 878,437 $ 901,654 $ 945,927 $ 949,009 Total loans and leases 1,009,211 912,091 1,034,334 1,014,886 920,509 Total earning assets 2,718,770 2,572,166 2,670,578 2,707,090 2,654,015 Total assets 3,156,657 2,990,984 3,105,546 3,157,855 3,076,452 Total deposits 2,006,584 1,879,597 1,962,775 2,012,079 1,942,705 Common shareholders’ equity 241,420 250,889 241,882 239,523 252,043 Total shareholders’ equity 269,514 274,726 271,017 268,197 275,484 Performance Ratios Return on average assets 0.86 % 1.12 % 0.90 % 0.79 % 0.99 % Return on average common shareholders’ equity 10.58 12.67 10.79 9.93 11.43 Return on average tangible common shareholders’ equity (1) 14.93 17.61 15.21 14.05 15.85 Per Common Share Information Earnings $ 2.35 $ 2.77 $ 0.81 $ 0.73 $ 0.86 Diluted earnings 2.34 2.75 0.81 0.73 0.85 Dividends paid 0.64 0.57 0.22 0.21 0.21 Book value 29.96 30.22 29.96 29.87 30.22 Tangible book value (1) 21.21 21.69 21.21 21.13 21.69 Summary Period-End Balance Sheet September 30 2022 June 30 2022 September 30 2021 Total debt securities $ 879,958 $ 932,910 $ 968,617 Total loans and leases 1,032,466 1,030,766 927,736 Total earning assets 2,639,450 2,662,871 2,658,502 Total assets 3,073,383 3,111,606 3,085,446 Total deposits 1,938,097 1,984,349 1,964,804 Common shareholders’ equity 240,390 239,984 249,023 Total shareholders’ equity 269,524 269,118 272,464 Common shares issued and outstanding 8,024.5 8,035.2 8,241.2 Nine Months Ended September 30 Third Quarter 2022 Second Quarter 2022 Third Quarter 2021Credit Quality 2022 2021 Total net charge-offs $ 1,483 $ 1,881 $ 520 $ 571 $ 463 Net charge-offs as a percentage of average loans and leases outstanding (2) 0.20 % 0.28 % 0.20 % 0.23 % 0.20 % Provision for credit losses $ 1,451 $ (4,105) $ 898 $ 523 $ (624) September 30 2022 June 30 2022 September 30 2021 Total nonperforming loans, leases and foreclosed properties (3) $ 4,156 $ 4,326 $ 4,831 Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3) 0.40 % 0.42 % 0.52 % Allowance for loan and lease losses $ 12,302 $ 11,973 $ 13,155 Allowance for loan and lease losses as a percentage of total loans and leases outstanding (2) 1.20 % 1.17 % 1.43 % For footnotes, see page 15.

Current-period information is preliminary and based on company data available at the time of the presentation. 15 Bank of America Corporation and Subsidiaries Selected Financial Data (continued) (Dollars in millions) Capital Management September 30 2022 June 30 2022 September 30 2021 Regulatory capital metrics (4): Common equity tier 1 capital $ 175,554 $ 171,754 $ 174,407 Common equity tier 1 capital ratio - Standardized approach 11.0 % 10.5 % 11.1 % Common equity tier 1 capital ratio - Advanced approaches 12.6 12.2 12.6 Tier 1 leverage ratio 6.8 6.5 6.6 Supplementary leverage ratio 5.8 5.5 5.6 Total ending equity to total ending assets ratio 8.8 8.6 8.8 Common equity ratio 7.8 7.7 8.1 Tangible equity ratio (5) 6.6 6.5 6.7 Tangible common equity ratio (5) 5.7 5.6 5.9 (1) Return on average tangible common shareholders’ equity and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible 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 Reconciliations to GAAP Financial Measures on page 19. (2) Ratios do not include loans accounted for under the fair value option. Charge-off ratios are annualized for the quarterly presentation. (3) Balances do not include past due consumer credit card loans, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully insured home loans), and in general, other consumer and commercial loans not secured by real estate, and nonperforming loans held for sale or accounted for under the fair value option. (4) Regulatory capital ratios at September 30, 2022 are preliminary. Bank of America Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy, which for Common equity tier 1 is the Standardized approach for all periods presented. (5) Tangible equity ratio equals period-end tangible shareholders’ equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders’ equity divided by period-end tangible assets. Tangible shareholders’ equity and tangible assets are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. See Reconciliations to GAAP Financial Measures on page 19.

Current-period information is preliminary and based on company data available at the time of the presentation. 16 Bank of America Corporation and Subsidiaries Quarterly Results by Business Segment and All Other (Dollars in millions) Third Quarter 2022 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 9,904 $ 5,429 $ 5,591 $ 4,483 $ (799) Provision for credit losses 738 37 170 11 (58) Noninterest expense 5,097 3,816 2,651 3,023 716 Net income (loss) 3,072 1,190 2,036 1,065 (281) Return on average allocated capital (1) 30 % 27 % 18 % 10 % n/m Balance Sheet Average Total loans and leases $ 295,231 $ 223,734 $ 384,305 $ 120,435 $ 10,629 Total deposits 1,069,093 339,487 495,154 38,820 20,221 Allocated capital (1) 40,000 17,500 44,500 42,500 n/m Quarter end Total loans and leases $ 297,825 $ 224,858 $ 377,711 $ 121,721 $ 10,351 Total deposits 1,072,580 324,859 484,309 37,318 19,031 Second Quarter 2022 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 9,136 $ 5,433 $ 5,006 $ 4,502 $ (1,286) Provision for credit losses 350 33 157 8 (25) Noninterest expense 4,959 3,875 2,799 3,109 531 Net income (loss) 2,889 1,151 1,507 1,018 (318) Return on average allocated capital (1) 29 % 26 % 14 % 10 % n/m Balance Sheet Average Total loans and leases $ 289,595 $ 219,277 $ 377,248 $ 114,375 $ 14,391 Total deposits 1,078,020 363,943 509,261 41,192 19,663 Allocated capital (1) 40,000 17,500 44,500 42,500 n/m Quarter end Total loans and leases $ 294,570 $ 221,705 $ 385,376 $ 118,290 $ 10,825 Total deposits 1,077,215 347,991 499,714 40,055 19,374 Third Quarter 2021 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 8,838 $ 5,310 $ 5,245 $ 4,519 $ (1,045) Provision for credit losses 247 (58) (781) 16 (48) Noninterest expense 4,558 3,744 2,534 3,252 352 Net income 3,045 1,226 2,549 926 (55) Return on average allocated capital (1) 31 % 30 % 24 % 10 % n/m Balance Sheet Average Total loans and leases $ 281,380 $ 199,664 $ 324,736 $ 97,148 $ 17,581 Total deposits 1,000,765 339,357 534,166 54,650 13,767 Allocated capital (1) 38,500 16,500 42,500 38,000 n/m Quarter end Total loans and leases $ 280,803 $ 202,268 $ 328,893 $ 98,892 $ 16,880 Total deposits 1,015,276 345,590 536,476 54,941 12,521 (1) Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently. n/m = not meaningful The Company reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis.

Current-period information is preliminary and based on company data available at the time of the presentation. 17 Bank of America Corporation and Subsidiaries Year-to-Date Results by Business Segment and All Other (Dollars in millions) Nine Months Ended September 30, 2022 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 27,853 $ 16,338 $ 15,791 $ 14,277 $ (3,526) Provision for credit losses 1,036 29 492 24 (130) Noninterest expense 14,977 11,706 8,133 9,249 1,830 Net income (loss) 8,939 3,475 5,267 3,678 (963) Return on average allocated capital (1) 30 % 27 % 16 % 12 % n/m Balance Sheet Average Total loans and leases $ 289,672 $ 218,030 $ 373,547 $ 114,505 $ 13,457 Total deposits 1,067,785 362,611 514,612 41,448 20,128 Allocated capital (1) 40,000 17,500 44,500 42,500 n/m Period end Total loans and leases $ 297,825 $ 224,858 $ 377,711 $ 121,721 $ 10,351 Total deposits 1,072,580 324,859 484,309 37,318 19,031 Nine Months Ended September 30, 2021 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 25,093 $ 15,346 $ 14,967 $ 15,437 $ (3,468) Provision for credit losses (1,067) (185) (2,738) 33 (148) Noninterest expense 14,548 11,425 7,915 10,150 962 Net income 8,767 3,100 7,147 3,888 2,063 Return on average allocated capital (1) 30 % 25 % 22 % 14 % n/m Balance Sheet Average Total loans and leases $ 284,644 $ 194,090 $ 326,632 $ 87,535 $ 19,190 Total deposits 968,272 333,119 509,445 54,699 14,062 Allocated capital (1) 38,500 16,500 42,500 38,000 n/m Period end Total loans and leases $ 280,803 $ 202,268 $ 328,893 $ 98,892 $ 16,880 Total deposits 1,015,276 345,590 536,476 54,941 12,521 (1) Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently. n/m = not meaningful

Current-period information is preliminary and based on company data available at the time of the presentation. 18 Bank of America Corporation and Subsidiaries Supplemental Financial Data (Dollars in millions) Nine Months Ended September 30 Third Quarter 2022 Second Quarter 2022 Third Quarter 2021FTE basis data (1) 2022 2021 Net interest income $ 38,096 $ 31,846 $ 13,871 $ 12,547 $ 11,195 Total revenue, net of interest expense 70,733 67,375 24,608 22,791 22,867 Net interest yield 1.87 % 1.66 % 2.06 % 1.86 % 1.68 % Efficiency ratio 64.88 66.79 62.18 67.01 63.14 Other Data September 30 2022 June 30 2022 September 30 2021 Number of financial centers - U.S. 3,932 3,984 4,215 Number of branded ATMs - U.S. 15,572 15,730 16,513 Headcount 213,270 209,824 209,407 (1) FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with meaningful information on the interest margin for comparative purposes. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax- exempt sources and is consistent with industry practices. Net interest income includes FTE adjustments of $315 million and $322 million for the nine months ended September 30, 2022 and 2021, respectively; $106 million and $103 million for the third and second quarters of 2022, respectively, and $101 million for the third quarter of 2021.

Current-period information is preliminary and based on company data available at the time of the presentation. 19 The Corporation evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents shareholders’ equity or common shareholders’ equity reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities (“adjusted” shareholders’ equity or common shareholders’ equity). Return on average tangible common shareholders’ equity measures the Corporation’s net income applicable to common shareholders as a percentage of adjusted average common shareholders’ equity. The tangible common equity ratio represents adjusted ending common shareholders’ equity divided by total tangible assets (total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities). Return on average tangible shareholders’ equity measures the Corporation’s net income as a percentage of adjusted average total shareholders’ equity. The tangible equity ratio represents adjusted ending shareholders’ equity divided by total tangible assets. Tangible book value per common share represents adjusted ending common shareholders’ equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation’s use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders’ equity as key measures to support our overall growth goals. See the tables below for reconciliations of these non-GAAP financial measures to the most closely related financial measures defined by GAAP for the nine months ended September 30, 2022 and 2021, and the three months ended September 30, 2022, June 30, 2022 and September 30, 2021. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate supplemental financial data differently. Bank of America Corporation and Subsidiaries Reconciliations to GAAP Financial Measures (Dollars in millions, except per share information) Nine Months Ended September 30 Third Quarter 2022 Second Quarter 2022 Third Quarter 2021 2022 2021 Reconciliation of income before income taxes to pretax, pre-provision income Income before income taxes $ 23,072 $ 26,158 $ 8,301 $ 6,892 $ 8,950 Provision for credit losses 1,451 (4,105) 898 523 (624) Pretax, pre-provision income $ 24,523 $ 22,053 $ 9,199 $ 7,415 $ 8,326 Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity Shareholders’ equity $ 269,514 $ 274,726 $ 271,017 $ 268,197 $ 275,484 Goodwill (69,022) (68,999) (69,022) (69,022) (69,023) Intangible assets (excluding mortgage servicing rights) (2,127) (2,181) (2,107) (2,127) (2,185) Related deferred tax liabilities 925 916 920 926 915 Tangible shareholders’ equity $ 199,290 $ 204,462 $ 200,808 $ 197,974 $ 205,191 Preferred stock (28,094) (23,837) (29,134) (28,674) (23,441) Tangible common shareholders’ equity $ 171,196 $ 180,625 $ 171,674 $ 169,300 $ 181,750 Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity Shareholders’ equity $ 269,524 $ 272,464 $ 269,524 $ 269,118 $ 272,464 Goodwill (69,022) (69,023) (69,022) (69,022) (69,023) Intangible assets (excluding mortgage servicing rights) (2,094) (2,172) (2,094) (2,114) (2,172) Related deferred tax liabilities 915 913 915 920 913 Tangible shareholders’ equity $ 199,323 $ 202,182 $ 199,323 $ 198,902 $ 202,182 Preferred stock (29,134) (23,441) (29,134) (29,134) (23,441) Tangible common shareholders’ equity $ 170,189 $ 178,741 $ 170,189 $ 169,768 $ 178,741 Reconciliation of period-end assets to period-end tangible assets Assets $ 3,073,383 $ 3,085,446 $ 3,073,383 $ 3,111,606 $ 3,085,446 Goodwill (69,022) (69,023) (69,022) (69,022) (69,023) Intangible assets (excluding mortgage servicing rights) (2,094) (2,172) (2,094) (2,114) (2,172) Related deferred tax liabilities 915 913 915 920 913 Tangible assets $ 3,003,182 $ 3,015,164 $ 3,003,182 $ 3,041,390 $ 3,015,164 Book value per share of common stock Common shareholders’ equity $ 240,390 $ 249,023 $ 240,390 $ 239,984 $ 249,023 Ending common shares issued and outstanding 8,024.5 8,241.2 8,024.5 8,035.2 8,241.2 Book value per share of common stock $ 29.96 $ 30.22 $ 29.96 $ 29.87 $ 30.22 Tangible book value per share of common stock Tangible common shareholders’ equity $ 170,189 $ 178,741 $ 170,189 $ 169,768 $ 178,741 Ending common shares issued and outstanding 8,024.5 8,241.2 8,024.5 8,035.2 8,241.2 Tangible book value per share of common stock $ 21.21 $ 21.69 $ 21.21 $ 21.13 $ 21.69

Bank of America 3Q22 Financial Results October 17, 2022

Note: Amounts may not total due to rounding. N/M stands for not meaningful. 1 For more information on reserve build (release), see note A on slide 32. 2 Represent non-GAAP financial measures. For more information on pretax, pre-provision income and a reconciliation to GAAP, see note B on slide 32. For important presentation information about these measures, see slide 35. Summary Income Statement ($B, except per share data) 3Q22 2Q22 Inc / (Dec) 3Q21 Inc / (Dec) Total Revenue, net of interest expense $24.5 $22.7 $1.8 8 % $22.8 $1.7 8 % Provision (benefit) for credit losses 0.9 0.5 0.4 72 (0.6) 1.5 N/M Net charge-offs 0.5 0.6 (0.1) (9) 0.5 0.1 12 Reserve build (release)1 0.4 — 0.4 N/M (1.1) 1.5 N/M Noninterest expense 15.3 15.3 — — 14.4 0.9 6 Pretax income 8.3 6.9 1.4 20 9.0 (0.6) (7) Pretax, pre-provision income2 9.2 7.4 1.8 24 8.3 0.9 10 Income tax expense 1.2 0.6 0.6 89 1.3 — (3) Net income $7.1 $6.2 $0.8 13 $7.7 ($0.6) (8) Diluted earnings per share $0.81 $0.73 $0.08 11 $0.85 ($0.04) (5) Average diluted common shares (in millions) 8,161 8,163 (2) — 8,493 (332) (4) Return Metrics and Efficiency Ratio Return on average assets 0.90 % 0.79 % 0.99 % Return on average common shareholders' equity 10.8 9.9 11.4 Return on average tangible common shareholders' equity2 15.2 14.1 15.8 Efficiency ratio 62 67 63 3Q22 Financial Results 2

Added over 18,000 net new relationships YTD 50th consecutive quarter of average loans and leases growth Custom and securities-based lending growth of 25% and 41%, respectively since 1Q20 Record number of bank accounts opened Continued Organic Growth in 3Q22 3 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets Added 418K net new checking accounts; 15th consecutive quarter of growth and highest quarter since 3Q08 1.3MM new credit card accounts, up 20% YoY; 6th consecutive quarter of double-digit percentage growth Record 3.4MM consumer investment accounts Record 1.9 million digital sales, up 36% YoY 44% more Zelle transactions than checks written Grew average loans and leases 18% YoY to $384B $2.8B Global Transaction Services revenue, up 44% YoY Increased headcount 9% vs. 3Q21 #3 in investment banking rankings1 for 3rd consecutive quarter Grew CashPro App active users and digital wallet enrollment Grew sales and trading revenue 13% YoY Highest 3rd quarter and September YTD sales and trading revenue since 2010 Macro trading business revenues2 up 67% YoY 94% of trading days >$25MM revenue No trading loss days Average loans of $120B, up 24% YoY 1 Source:. Dealogic as of October 1, 2022. 2 Macro products include currencies, interest rates and commodities products.

Average Consumer Deposit Balances Remain Above Pre-pandemic Levels4 Consumer Spend Remained Strong; 2022 YTD up 12% YoY to $3.1T Note: Amounts may not total due to rounding. 1 Total payments include total credit card, debit card, ACH, wires, billpay, person-to-person (P2P), cash and checks. 2 Includes consumer and small business credit card portfolios in Consumer Banking and Global Wealth & Investment Management (GWIM). 3 Excludes credit and debit Money Transfers, Charitable Donations, and miscellaneous categories with immaterial volume. 4 Average monthly deposit (checking and savings) balances for a fixed group of households that had a consumer deposit account for all months in the period shown, indexed to their January 2020 12-month average deposit balances. Payment Spend1 ($ and Transaction Volume) Quarterly YoY % Growth 4 3Q22 Credit and Debit2,3 ($ and Transaction Volume) YoY % Growth $ Volume Transaction # 1Q- 19 2Q- 19 3Q- 19 4Q- 19 1Q- 20 2Q- 20 3Q- 20 4Q- 20 1Q- 21 2Q- 21 3Q- 21 4Q- 21 1Q- 22 2Q- 22 3Q- 22 (25)% 0% 25% 50% 20% 23% 10% 3% 9% 12% 4% 6% 2% 4% $ Volume Transaction # Travel & Entertainment Gas Food Retail Services 0% 10% 20% 30% Payment Spend1 ($ Volume) and YoY % Growth $2.3T $2.3T $2.8T $3.1T 6% 1% 21% 12% 2019 YTD 2020 YTD 2021 YTD 2022 YTD 5x 3x Jan-20 Sep-22 1x 2x 3x 4x 5x 6x Pre-pandemic balance: <$2K $2K-$10K $10K-$20K 10% 6% 2x

Se p- 19 D ec -1 9 M ar -2 0 Ju n- 20 Se p- 20 D ec -2 0 M ar -2 1 Ju n- 21 Se p- 21 D ec -2 1 M ar -2 2 Ju n- 22 Se p- 22 $0 $500 $1,000 $1,500 $2,000 $2,500 • Beginning in 4Q20, we saw early stage delinquencies recede below pre-pandemic levels as expired deferrals worked through the delinquency periods and payment rates increased, fueled by stimulus payments • Late stage (90+ Days) credit card delinquencies remain near multi-year lows, resulting in 3Q22 net charge-offs 54% lower than 3Q19 • 5-29 days and 30 days+ past due delinquency rates are 19 bps and 66 bps lower than they were in 3Q19, respectively Credit Card Days Past Due Trend Credit Card 30+ Days Past Due ($MM) 5-29 Days ($MM) Se p- 19 D ec -1 9 M ar -2 0 Ju n- 20 Se p- 20 D ec -2 0 M ar -2 1 Ju n- 21 Se p- 21 D ec -2 1 M ar -2 2 Ju n- 22 Se p- 22 $0 $500 $1,000 $1,500 $2,000 $2,500 30-59 Days ($MM) 60-89 Days ($MM) Se p- 19 D ec -1 9 M ar -2 0 Ju n- 20 Se p- 20 D ec -2 0 M ar -2 1 Ju n- 21 Se p- 21 D ec -2 1 M ar -2 2 Ju n- 22 Se p- 22 $0 $100 $200 $300 $400 $500 $600 $700 Se p- 19 D ec -1 9 M ar -2 0 Ju n- 20 Se p- 20 D ec -2 0 M ar -2 1 Ju n- 21 Se p- 21 D ec -2 1 M ar -2 2 Ju n- 22 Se p- 22 $0 $100 $200 $300 $400 $500 Se p- 19 D ec -1 9 M ar -2 0 Ju n- 20 Se p- 20 D ec -2 0 M ar -2 1 Ju n- 21 Se p- 21 D ec -2 1 M ar -2 2 Ju n- 22 Se p- 22 $0 $200 $400 $600 $800 $1,000 $1,200 90+ Days ($MM) 5 1.89% 2.08% 2.04% 1.38% Delinquency rate

3Q22 Highlights (Comparisons to 3Q21, unless otherwise noted) • Net income of $7.1B; diluted earnings per share of $0.81; ROE1 10.8%, ROTCE1,2 15.2% • Revenue, net of interest expense, of $24.5B increased $1.7B, or 8% – Net interest income (NII) of $13.8B ($13.9B FTE2) increased $2.7B, or 24%, driven by benefits from higher interest rates, including lower premium amortization expense, and solid loan growth – Noninterest income of $10.7B decreased $0.9B, or 8%, as higher sales and trading revenue was more than offset by lower investment banking and asset management fees as well as lower service charges • Provision for credit losses of $898MM vs. a benefit of $624MM in 3Q21; asset quality remains strong – Reserve build of $378MM vs. release of $1.1B in 3Q21; release of $48MM in 2Q223 – Net charge-offs (NCOs) of $520MM up 12% vs. 3Q21 and down 9% vs. 2Q22 – Net charge-off ratio of 20 bps remained flat vs. 3Q21 and declined 3 bps from 2Q22 • Noninterest expense of $15.3B increased $0.9B, or 6%, vs. 3Q21 and remained flat QoQ – Included $354MM for the settlement of legacy monoline insurance litigation – Generated operating leverage4 for the 5th consecutive quarter (165 bps in 3Q22) – Efficiency ratio improved to 62% • Balance sheet remained strong – Average loans and leases grew $114B from 3Q21 – Average deposits increased $20B from 3Q21 – Common Equity Tier 1 (CET1) ratio of 11.0% grew 49 bps from 2Q22; 58 bps over the new minimum requirement effective October 1, 2022 – Average Global Liquidity Sources (GLS)5 of $941B – Paid $1.8B in common dividends and repurchased $450MM of common stock, predominantly offsetting shares awarded under equity-based compensation plans 6 Note: FTE stands for fully taxable-equivalent basis. 1 ROE stands for return on average common shareholders’ equity; ROTCE stands for return on average tangible common shareholders’ equity. 2 Represents a non-GAAP financial measure. For important presentation information about this measure, see slide 35. 3 For more information on reserve build (release), see note A on slide 32. 4 Operating leverage is calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. 5 See note C on slide 32 for definition of Global Liquidity Sources.

Balance Sheet Metrics 3Q22 2Q22 3Q21 Basel 3 Capital ($B)5 3Q22 2Q22 3Q21 Assets ($B) Common equity tier 1 capital $176 $172 $174 Total assets $3,073 $3,112 $3,085 Standardized approach Total loans and leases 1,032 1,031 928 Risk-weighted assets (RWA) $1,599 $1,638 $1,568 Total loans and leases in business segments2 1,022 1,020 911 CET1 ratio 11.0 % 10.5 % 11.1 % Total debt securities 880 933 969 Advanced approaches Risk-weighted assets $1,391 $1,407 $1,380 Funding & Liquidity ($B) CET1 ratio 12.6 % 12.2 % 12.6 % Total deposits $1,938 $1,984 $1,965 Supplementary leverage Long-term debt 269 276 279 Supplementary Leverage Ratio 5.8 % 5.5 % 5.6 % Global Liquidity Sources (average)3 941 984 1,120 Equity ($B) Common shareholders' equity $240 $240 $249 Common equity ratio 7.8 % 7.7 % 8.1 % Tangible common shareholders' equity4 $170 $170 $179 Tangible common equity ratio4 5.7 % 5.6 % 5.9 % Per Share Data Book value per common share $29.96 $29.87 $30.22 Tangible book value per common share4 21.21 21.13 21.69 Common shares outstanding (in billions) 8.02 8.04 8.24 1 EOP stands for end of period. 2 Excludes loans and leases in All Other. 3 See note C on slide 32 for definition of Global Liquidity Sources. 4 Represent non-GAAP financial measures. For important presentation information, see slide 35. 5 Regulatory capital ratios at September 30, 2022 are preliminary. Bank of America Corporation (“the Corporation”) reports regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy, which for CET1 is the Standardized approach for all reporting periods presented. 6 OCI stands for other comprehensive income; AFS stands for available-for-sale. Balance Sheet, Liquidity and Capital (EOP1 basis unless noted) 7 • CET1 ratio of 11.0% increased 49 bps vs. 2Q225 – CET1 capital of $176B rose $4B from 2Q22, driven by net income, partially offset by capital distributions to common shareholders and OCI on AFS debt securities6 – Standardized RWA of $1,599B decreased $39B from 2Q22 • Book value per share of $29.96 grew modestly from 2Q22 • Average Global Liquidity Sources3 of $941B decreased $43B, or 4%, from 2Q22

10.5% +40 bps +26 bps +4 bps 11.0% 2Q22 Net income applicable to common shareholders Common dividends Share repurchases OCI on AFS debt securities Risk-weighted assets Other 3Q22 CET1 Ratio1 Drivers Note: Amounts may not total due to rounding. Dollar values indicate changes in CET1 capital, except for risk-weighted assets, which represents change in RWA. 1 Regulatory capital ratios at September 30, 2022 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy, which for CET1 is the Standardized approach for all reporting periods presented. 2 Gross share repurchases, excluding shares awarded under equity-based compensation plans. 8 2 (11 bps) (3 bps) (7 bps) $6.6B $1.8B $0.4B ($1.1B) ($38.6B) $0.6B

$903 $929 $962 $1,000 $1,024 281 282 284 290 295 200 205 211 219 224 325 339 359 377 384 97 103 109 114 120 Consumer Banking GWIM Global Banking Global Markets 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $250 $500 $750 $1,000 $1,250 $921 $945 $978 $1,015 $1,034 501 517 543 569 585 419 428 435 446 449 Commercial loans Consumer loans 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $250 $500 $750 $1,000 $1,250 +5% +12% +18% +24% Loan and Lease Trends YoY +12% YoY +13% YoY (40%) Total Avg. Loans and Leases in All Other ($B) Avg. Loans and Leases in Business Segments ($B) EOP Loans and Leases in Business Segments ($B)1 Total Avg. Loans and Leases ($B) 9 14 13 12 12 8 4 3 3 3 3 $18 $16 $15 $14 $11 Residential mortgage Home equity 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $5 $10 $15 $20 $25 $1,020 +$2.7 ($0.5) $1,022 2Q22 Consumer Commercial 3Q22 Includes ~($4B) FX impacts and ~($3B) loan sales / syndication Includes ~$3B card loan growth and ~($1B) loan sales Note: Amounts may not total due to rounding. 1 Excludes end of period loans and leases in All Other of $10B in 3Q22 and $11B in 2Q22. Total end of period loans and leases were $1,032B in 3Q22 and $1,031B in 2Q22. +17% +7%

Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($B) Average Deposit Trends Bank of America Ranked #1 in U.S. Retail Deposit Market Share1 Note: Amounts may not total due to rounding. Total Corporation also includes Global Markets and All Other. 1 Estimated U.S. retail deposits based on June 30, 2022 FDIC deposit data. $339 $361 $385 $364 $339 226 234 249 232 214 113 127 136 132 125 Sweep/Preferred deposits Bank deposits 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $100 $200 $300 $400 $1,943 $2,017 $2,046 $2,012 $1,963 1,178 1,211 1,247 1,222 1,225 764 806 799 790 738 Interest-bearing Noninterest-bearing 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $500 $1,000 $1,500 $2,000 $2,500 $534 $562 $540 $509 $495 166 165 157 142 171 368 398 383 367 324 Interest-bearing Noninterest-bearing 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $200 $400 $600 (5%) +11% +4% (3%) YoY +1% YoY 0% YoY +7% +3% (12%) +7% YoY (7%) 10 +7% $1,001 $1,027 $1,056 $1,078 $1,069 435 445 458 466 466 232 238 247 249 245 333 344 352 363 359 Money market, Savings, CD/IRA Interest checking Noninterest-bearing 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $250 $500 $750 $1,000 $1,250

Net Interest Income (FTE, $B)1 • Net interest income of $13.8B ($13.9B FTE1) increased $2.7B YoY and $1.3B from 2Q22, driven by benefits from higher interest rates, including lower premium amortization expense, and higher loan balances ▪ Premium amortization expense of $0.4B in 3Q22, $0.6B in 2Q22, and $1.4B in 3Q21 • Net interest yield of 2.06% increased 38 bps YoY and 20 bps from 2Q22 – Excluding Global Markets, net interest yield of 2.51%1 • As of September 30, 2022,2 a +100 bps parallel shift in the interest rate yield curve is estimated to benefit net interest income by $4.2B over the next 12 months Net Interest Income Increased $2.7B, or 24% YoY Net Interest Yield (FTE)1 Note: FTE stands for fully taxable-equivalent basis. GM stands for Global Markets. 1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $0.7B, $1.0B, $1.0B, $1.0B, and $1.0B and average earning assets of $591.9B, $598.8B, $610.9B, $580.8B, and $557.3B for 3Q22, 2Q22, 1Q22, 4Q21 and 3Q21, respectively. The Corporation believes the presentation of 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 35. 2 NII asset sensitivity represents banking book positions. See note D on slide 32 for information on asset sensitivity assumptions. 1.68% 1.67% 1.69% 1.86% 2.06% 1.93% 1.92% 1.99% 2.20% 2.51% Reported net interest yield Net interest yield excl. GM 3Q21 4Q21 1Q22 2Q22 3Q22 1.00% 1.50% 2.00% 2.50% 3.00% $11.2 $11.5 $11.7 $12.5 $13.9 $11.1 $11.4 $11.6 $12.4 $13.8 Net interest income (GAAP) FTE Adjustment 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $5.0 $10.0 $15.0 11

$14.4 $14.7 $15.3 $15.3 $15.3 8.7 9.0 9.5 8.9 8.9 5.7 5.7 5.8 6.4 6.4 Compensation and benefits Other 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $5.0 $10.0 $15.0 $20.0 63% 67% 66% 67% 62% 3Q21 4Q21 1Q22 2Q22 3Q22 50% 60% 70% • Noninterest expense of $15.3B in 3Q22 was relatively flat vs. 2Q22, as $354MM litigation expense for the legacy monoline insurance settlement was largely offset by the absence of expenses recognized for certain regulatory matters in 2Q22 • 3Q22 expenses increased $0.9B, or 6%, vs. 3Q21, reflecting higher litigation expense, higher compensation and benefits, investments in the business, and marketing expenses Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency Note: Amounts may not total due to rounding. 1 Absent the $0.4B expense for the legacy monoline insurance settlement, reported 3Q22 noninterest expense would have been $14.9B. Absent $0.4B in expense for certain regulatory matters, reported 2Q22 noninterest expense would have been $14.8B. For important presentation information, see slide 35. 12 1 1

• Total net charge-offs of $520MM1 decreased $51MM from 2Q22 – Consumer net charge-offs of $459MM decreased $66MM from 2Q22, primarily driven by the absence of charge-offs associated with non-core mortgage sales – Commercial net charge-offs of $61MM remained low • Net charge-off ratio of 0.20% decreased 3 bps from 2Q22; net charge-off ratio remained near historical lows • Provision for credit losses of $898MM – Net reserve build of $378MM in 3Q22, primarily driven by credit card loan growth and a dampening macroeconomic outlook • Allowance for loan and lease losses of $12.3B represented 1.20% of total loans and leases1 – Total allowance of $13.8B included $1.5B for unfunded commitments • Nonperforming loans (NPLs) decreased $0.2B from 2Q22 to $4.0B – 63% of Consumer NPLs are contractually current • Commercial reservable criticized utilized exposure of $17.7B decreased $0.5B from 2Q22, driven by Commercial Real Estate Asset Quality 1 Excludes loans measured at fair value. Allowance for loan and lease losses ratio is calculated as allowance for loan and lease losses divided by loans and leases outstanding at the end of the period. Provision (Benefit) for Credit Losses ($MM) Net Charge-offs ($MM)1 ($624) ($489) $30 $523 $898 3Q21 4Q21 1Q22 2Q22 3Q22 ($1,000) ($500) $0 $500 $1,000 $463 $362 $392 $571 $520 0.20% 0.15% 0.16% 0.23% 0.20% Net charge-offs Net charge-off ratio 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $200 $400 $600 $800 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 13

Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios 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, commercial real estate and commercial lease financing. $134 $50 $52 $46 $610.11% 0.04% 0.04% 0.03% 0.04% C&I Small business Commercial NCO ratio 3Q21 4Q21 1Q22 2Q22 3Q22 ($50) $0 $50 $100 $150 $200 (0.05)% 0.00% 0.05% 0.10% 0.15% 0.20% $329 $312 $340 $525 $459 0.31% 0.29% 0.32% 0.47% 0.41% Credit card Other Consumer NCO ratio 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $150 $300 $450 $600 0.00% 0.25% 0.50% 0.75% 1.00% Commercial Metrics ($MM) 3Q22 2Q22 3Q21 Provision $176 $113 ($705) Reservable criticized utilized exposure 17,659 18,114 24,142 Nonperforming loans and leases 1,223 1,298 1,697 % of loans and leases1 0.21 % 0.22 % 0.34 % Allowance for loans and leases $5,422 $5,361 $5,961 % of loans and leases1 0.94 % 0.93 % 1.20 % Consumer Metrics ($MM) 3Q22 2Q22 3Q21 Provision $722 $410 $81 Nonperforming loans and leases 2,760 2,866 3,017 % of loans and leases1 0.61 % 0.64 % 0.71 % Consumer 30+ days performing past due $2,949 $2,806 $3,001 Fully-insured2 672 734 930 Non fully-insured 2,277 2,072 2,071 Consumer 90+ days performing past due 1,001 1,000 1,106 Allowance for loans and leases 6,880 6,612 7,194 % of loans and leases1 1.53 % 1.48 % 1.70 % # times annualized NCOs 3.77 x 3.14 x 5.52 x 14 3

• Net income of $3.1B increased 1% from 3Q21, as revenue improvement was partially offset by business investments and higher provision for credit losses – Pretax, pre-provision income1 of $4.8B increased 12% from 3Q21 – 6th consecutive quarter of operating leverage; efficiency ratio improved to 51% • Revenue of $9.9B improved 12% from 3Q21, due to increased NII driven by higher balances and interest rates, partially offset by the impact of reduced customer non- sufficient funds and overdraft fees • Provision for credit losses was $738MM, primarily driven by loan growth, and increased $491MM from 3Q21 – The prior year benefited from a reserve release of $242MM • Noninterest expense of $5.1B increased 12% from 3Q21, primarily driven by investments in the business, including marketing and technology, and compensation and benefits • Average deposits exceeded $1T and were $68B, or 7%, higher than 3Q21 – 56% of deposits in checking accounts; 92% primary accounts5 • Average loans and leases of $295B increased $14B, or 5%, from 3Q21 • Combined credit / debit card spend4 of $218B increased 9% from 3Q21, with credit up 13% and debit up 6% • Consumer investment assets3 of $302B declined $51B, or 14%, from 3Q21, driven by lower market valuations, partially offset by $24B of strong client flows from new and existing clients – Record 3.4MM consumer investment accounts, up 6% • 10.1MM Total clients6 enrolled in Preferred Rewards, up 10% from 3Q21; 99% annualized retention rate Consumer Banking 1 Represents a non-GAAP financial measure. For more information and a reconciliation to GAAP, see note B on slide 32. For important presentation information, see slide 35. 2 Cost of deposits calculated as annualized noninterest expense as a percentage of total average deposits within the Deposits sub-segment. 3 Consumer investment assets includes client brokerage assets, deposit sweep balances and assets under management (AUM) in Consumer Banking. 4 Includes consumer credit card portfolios in Consumer Banking and GWIM. 5 Represents the percentage of consumer checking accounts that are estimated to be the customer’s primary account based on multiple relationship factors (e.g., linked to their direct deposit). 6 As of August, 2022. Includes clients in Consumer, Small Business and GWIM. Inc / (Dec) Summary Income Statement ($MM) 3Q22 2Q22 3Q21 Total revenue, net of interest expense $9,904 $768 $1,066 Provision (benefit) for credit losses 738 388 491 Noninterest expense 5,097 138 539 Pretax income 4,069 242 36 Pretax, pre-provision income1 4,807 630 527 Income tax expense 997 59 9 Net income $3,072 $183 $27 Key Indicators ($B) 3Q22 2Q22 3Q21 Average deposits $1,069.1 $1,078.0 $1,000.8 Rate paid on deposits 0.03 % 0.02 % 0.02 % Cost of deposits2 1.17 1.14 1.09 Average loans and leases $295.2 $289.6 $281.4 Net charge-off ratio 0.69 % 0.70 % 0.69 % Net charge-offs ($MM) $512 $502 $489 Reserve build (release) ($MM) 226 (152) (242) Consumer investment assets3 $302.4 $315.2 $353.3 Active mobile banking users (MM) 34.9 34.2 32.5 % Consumer sales through digital channels 48 % 48 % 43 % Number of financial centers 3,932 3,984 4,215 Combined credit /debit purchase volumes4 $218.2 $220.5 $200.6 Total consumer credit card risk-adjusted margin4 10.07 % 9.95 % 10.70 % Return on average allocated capital 30 29 31 Allocated capital $40.0 $40.0 $38.5 Efficiency ratio 51 % 54 % 52 % 15

• Net income of $1.2B decreased 3% from 3Q21 – Pretax, pre-provision income1 of $1.6B increased 3% from 3Q21 – 6th consecutive quarter of operating leverage – Pretax margin of 29% • Revenue of $5.4B increased 2% compared to 3Q21, driven by higher NII, partially offset by the impact of lower market valuations on noninterest income • Noninterest expense of $3.8B increased 2% vs. 3Q21, driven by investments in the business, partially offset by lower revenue-related incentives • Client balances of $3.2T decreased 12% from 3Q21, driven by lower market valuations, partially offset by net client flows – AUM flows of $42B since 3Q21 • Average deposits of $339B were relatively flat compared to 3Q21 – Record number of new bank accounts opened in 3Q22 • Average loans and leases of $224B increased $24B, or 12%, from 3Q21, driven by residential mortgage lending, custom lending, and securities-based lending – 50th consecutive quarter of average loan and lease balance growth • Added more than 5,700 net new relationships across Merrill and Private Bank in 3Q22 • 80% of GWIM households / relationships are digitally active across the enterprise, up from 78% in 3Q21 Global Wealth & Investment Management 1 Represents a non-GAAP financial measure. For more information and a reconciliation to GAAP, see note B on slide 32. For important presentation information, see slide 35. Inc / (Dec) Summary Income Statement ($MM) 3Q22 2Q22 3Q21 Total revenue, net of interest expense $5,429 ($4) $119 Provision (benefit) for credit losses 37 4 95 Noninterest expense 3,816 (59) 72 Pretax income 1,576 51 (48) Pretax, pre-provision income1 1,613 55 47 Income tax expense 386 12 (12) Net income $1,190 $39 ($36) Key Indicators ($B) 3Q22 2Q22 3Q21 Average deposits $339.5 $363.9 $339.4 Rate paid on deposits 0.57 % 0.11 % 0.03 % Average loans and leases $223.7 $219.3 $199.7 Net charge-off ratio 0.01 % 0.02 % 0.01 % Net charge-offs ($MM) $5 $9 $7 Reserve build (release) ($MM) 32 24 (65) AUM flows $4.1 $1.0 $14.8 Pretax margin 29 % 28 % 31 % Return on average allocated capital 27 26 30 Allocated capital $17.5 $17.5 $16.5 16

• Net income of $2.0B decreased 20% from 3Q21 – Pretax, pre-provision income2 of $2.9B increased 8% from 3Q21 • Revenue of $5.6B increased $0.3B vs. 3Q21 – NII of $3.3B increased $1.1B from 3Q21, driven by benefits from higher interest rates and strong loan growth – Noninterest income of $2.3B decreased $0.8B from 3Q21, driven by lower investment banking fees and leasing-related revenue as well as lower treasury service charges due to higher earnings credit rates • Total Corporation investment banking fees (excl. self- led) of $1.2B decreased $1.0B, or 46%, from 3Q21 • Provision for credit losses was $170MM, primarily driven by a dampening macroeconomic outlook, and increased $951MM from 3Q21 – The prior year benefited from a reserve release of $789MM • Noninterest expense of $2.7B increased 5% from 3Q21, primarily reflecting continued investments in the business, including strategic hiring • Average deposits of $495B decreased $39B, or 7%, from 3Q21 • Average loans and leases of $384B increased 18% from 3Q21, reflecting strong client demand Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to GAAP, see note B on slide 32. For important presentation information, see slide 35. 3 Prior periods have been revised to conform to current-period presentation. Inc / (Dec) Summary Income Statement ($MM) 3Q22 2Q22 3Q21 Total revenue, net of interest expense1 $5,591 $585 $346 Provision (benefit) for credit losses 170 13 951 Noninterest expense 2,651 (148) 117 Pretax income 2,770 720 (722) Pretax, pre-provision income2 2,940 733 229 Income tax expense 734 191 (209) Net income $2,036 $529 ($513) Selected Revenue Items ($MM) 3Q22 2Q22 3Q21 Total Corporation IB fees (excl. self-led)1 $1,167 $1,128 $2,168 Global Banking IB fees1 726 692 1,297 Business Lending revenue 2,079 2,032 1,862 Global Transaction Services revenue3 2,803 2,381 1,945 Key Indicators ($B) 3Q22 2Q22 3Q21 Average deposits $495.2 $509.3 $534.2 Average loans and leases 384.3 377.2 324.7 Net charge-off ratio 0.03 % 0.01 % 0.01 % Net charge-offs ($MM) $26 $14 $8 Reserve build (release) ($MM) 144 143 (789) Return on average allocated capital 18 % 14 % 24 % Allocated capital $44.5 $44.5 $42.5 Efficiency ratio 47 % 56 % 48 % 17

Global Markets1 • Net income of $1.1B increased 15% from 3Q21 – Excluding net DVA, net income of $1.1B increased 14%3 • Revenue of $4.5B decreased 1% from 3Q21, primarily driven by lower investment banking fees, partially offset by higher sales and trading revenue • Reported sales and trading revenue of $4.1B increased 13% from 3Q21 – Fixed income, currencies, and commodities (FICC) revenue increased to $2.6B, driven by improved performance across all macro products,5 partially offset by a weaker trading performance for credit and mortgage products – Equities revenue decreased to $1.5B, driven by lower client activity in Asia and a weaker trading performance in cash, partially offset by increased client activity in derivatives • Excluding net DVA, sales and trading revenue of $4.1B increased 13% from 3Q213 – FICC revenue of $2.6B increased 27%3 – Equities revenue of $1.5B decreased 4%3 • Noninterest expense of $3.0B decreased 7% vs. 3Q21, primarily driven by the absence of expenses related to a liquidating business activity, which was realigned from Global Markets to All Other6 in 4Q21 • Average VaR of $117MM in 3Q227 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 Represents a non-GAAP financial measure. Reported FICC sales and trading revenue was $2.6B, $2.5B and $2.0B for 3Q22, 2Q22 and 3Q21, respectively. Reported Equities sales and trading revenue was $1.5B, $1.7B and $1.6B for 3Q22, 2Q22 and 3Q21, respectively. See note E on slide 32 and slide 35 for important presentation information. 4 Represents a non-GAAP financial measure. For more information and a reconciliation to GAAP, see note B on slide 32. For important presentation information, see slide 35. 5 Macro products include currencies, interest rates and commodities products. 6 For more information on the liquidating business realignment, see note F on slide 32. 7 See note G on slide 32 for the definition of VaR. Inc / (Dec) Summary Income Statement ($MM) 3Q22 2Q22 3Q21 Total revenue, net of interest expense2 $4,483 ($19) ($36) Net DVA (14) (172) 6 Total revenue (excl. net DVA)2,3 4,497 153 (42) Provision (benefit) for credit losses 11 3 (5) Noninterest expense 3,023 (86) (229) Pretax income 1,449 64 198 Pretax, pre-provision income4 1,460 67 193 Income tax expense 384 17 59 Net income $1,065 $47 $139 Net income (excl. net DVA)3 $1,076 $178 $135 Selected Revenue Items ($MM)2 3Q22 2Q22 3Q21 Sales and trading revenue $4,092 $4,153 $3,614 Sales and trading revenue (excl. net DVA)3 4,106 3,995 3,634 FICC (excl. net DVA)3 2,567 2,340 2,025 Equities (excl. net DVA)3 1,539 1,655 1,609 Global Markets IB fees 430 461 844 Key Indicators ($B) 3Q22 2Q22 3Q21 Average total assets $847.9 $866.7 $804.9 Average trading-related assets 592.4 606.1 563.7 Average 99% VaR ($MM)7 117 118 78 Average loans and leases 120.4 114.4 97.1 Net charge-offs ($MM) (1) (4) — Reserve build (release) ($MM) 12 12 16 Return on average allocated capital 10 % 10 % 10 % Allocated capital $42.5 $42.5 $38.0 Efficiency ratio 67 % 69 % 72 % 18

All Other1 • Net loss of $281MM, compared to net loss of $55MM in 3Q21, driven primarily by higher litigation expense as a result of the legacy monoline insurance settlement and the realignment of a liquidating business activity from Global Markets to All Other3 in 4Q21 • Total corporate effective tax rate (ETR) for the quarter was 14.7%, driven by recurring ESG tax credit benefits – ETR includes $152MM net reduction in tax credit benefits, as certain solar investment tax credits recognized in 1H22 were reversed and replaced with production tax credits, which are now available under the Inflation Reduction Act and are expected to be claimed – Excluding ESG tax credits, the ETR would have been approximately 24% 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to GAAP, see note B on slide 32. For important presentation information, see slide 35. 3 For more information on the liquidating business realignment, see note F on slide 32. Inc/(Dec) Summary Income Statement ($MM) 3Q22 2Q22 3Q21 Total revenue, net of interest expense ($799) $487 $246 Provision (benefit) for credit losses (58) (33) (10) Noninterest expense 716 185 364 Pretax income (1,457) 335 (108) Pretax, pre-provision income2 (1,515) 302 (118) Income tax (benefit) (1,176) 298 118 Net income (loss) ($281) $37 ($226) 19

Total Expense ($B) and Efficiency Business Leadership1 • No. 1 in estimated U.S. Retail Deposits(A) • No. 1 Online Banking and Mobile Banking Functionality(B) • No. 1 in customer satisfaction with Merchant Services by J.D. Power(C) • No. 1 Small Business Lender(D) • Best Bank in the U.S.(E) • Best Consumer Digital Bank in the U.S.(F) • Certified by J.D. Power for providing outstanding client satisfaction for financial wellness support(G) Total Revenue ($B) Average Deposits ($B) Consumer Investment Assets ($B)3 and Accounts (MM) Average Loans and Leases ($B)2 Consumer Banking Trends Note: Amounts may not total due to rounding. 1 See slide 33 for business leadership sources. 2 Average loans and leases includes PPP balances of $1B in 3Q22, $2B in 2Q22, $2B in 1Q22, $4B in 4Q21 and $8B in 3Q21. 3 End of period. Consumer investment assets includes client brokerage assets, deposit sweep balances, and AUM in Consumer Banking. $8.8 $8.9 $8.8 $9.1 $9.9 6.5 6.5 6.7 7.1 7.8 2.3 2.4 2.1 2.0 2.1 Net interest income Noninterest income 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $2.5 $5.0 $7.5 $10.0 $4.6 $4.7 $4.9 $5.0 $5.1 52% 53% 56% 54% 51% Noninterest expense Efficiency ratio 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $1,001$1,027$1,056$1,078$1,069 562 578 593 606 599 439 449 463 472 470 Checking Other 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $300 $600 $900 $1,200 $281 $282 $284 $290 $295 111 113 115 117 118 73 76 76 78 82 48 49 50 51 5224 23 22 22 2227 22 21 21 21 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $100 $200 $300 $400 21 $353 $369 $358 $315 $302 3.2 3.3 3.3 3.4 3.4 Assets Accounts 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $100 $200 $300 $400 2.0 2.5 3.0 3.5 4.0 4.5

Checks vs. Zelle® Sent Transactions (MM) Digital SalesDigital Users1 and Households2 Digital Channel Usage3,4 1,027 1,074 1,367 1,855 29% 44% 43% 48% Digital unit sales (K) Digital as a % of total sales 3Q19 3Q20 3Q21 3Q22 0 500 1,000 1,500 2,000 0% 25% 50% 75% 100% 2,077 2,259 2,635 2,954 613 688 853 923 Digital channel usage (MM) Digital appointments (K) 3Q19 3Q20 3Q21 3Q22 1,000 1,500 2,000 2,500 3,000 250 500 750 1,000 1,250 38 39 41 43 49 52 54 56 66% 69% 70% 72% Active users (MM) Verified users (MM) Household adoption % 3Q19 3Q20 3Q21 3Q22 20 30 40 50 60 50% 60% 70% 80% 90% 100% Client Engagement Person-to-Person Payments (Zelle®)6 Digital Volumes 81 140 202 255 $21 $39 $60 $77 Transactions (MM) Volume ($B) 3Q19 3Q20 3Q21 3Q22 0 100 200 300 $0 $25 $50 $75 $100 Record 56MM Verified and 43MM Active Digital Users1 in 3Q22 Note: Amounts may not total due to rounding. 1 Digital active users represents mobile and/or online 90-day active users; verified users represent those with a digital identification and password. 2 Household adoption represents households with consumer bank login activities in a 90-day period, as of August, 2022. 3 Digital channel usage represents the total number of desktop and mobile banking sessions. 4 Digital appointments represent the number of client-scheduled appointments made via online, smartphone, or tablet. 5 3Q22 Erica® engagement represents activity across all platforms powered by Erica: BofA mobile app, online search, and Benefits OnLine mobile app. Prior periods represent activity on BofA mobile app only. 6 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. Total Erica® Users and Interactions5 (MM) 8.9 12.2 15.1 17.7 users (MM) 22 Digital Adoption 171 137 127 116 56 94 133 167 Checks written Zelle® sent transactions 3Q19 3Q20 3Q21 3Q22 0 50 100 150 200 9.0 15.9 22.9 31.7 19.1 34.3 104.6 133.6 Erica® users Erica® interactions 3Q19 3Q20 3Q21 3Q22 0.0 10.0 20.0 30.0 40.0 0.0 50.0 100.0 150.0 200.0 250.0

1,049 940 977 1,068 1,255 3Q21 4Q21 1Q22 2Q22 3Q22 0 500 1,000 1,500 Home Equity1 New Originations ($B)4 Consumer Creditworthiness Remains Strong 1 Includes loan production within Consumer Banking and GWIM. Consumer credit card balances include average balances of $2.9B, $2.8B and $2.6B in 3Q22, 2Q22 and 3Q21, respectively, within GWIM. 2 Calculated as the difference between total revenue, net of interest expense, and net credit losses divided by average loans. 3 Represents Consumer Banking only. 4 Amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit. Consumer Vehicle Lending3 New Originations ($B) Consumer Credit Card1 New Accounts (000s) 23 Residential Mortgage1 New Originations ($B)4 Key Stats 3Q21 2Q22 3Q22 Average outstandings ($B) 75.6 81.0 85.0 NCO ratio 1.69% 1.60% 1.53% Risk-adjusted margin2 10.70% 9.95% 10.07% Average line FICO 768 771 770 $6.8 $6.8 $7.1 $7.1 $5.9 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $2.5 $5.0 $7.5 $10.0 Key Stats 3Q21 2Q22 3Q22 Average outstandings ($B) 47.5 51.2 52.0 NCO ratio (0.15%) 0.02% 0.07% Average booked FICO 783 791 789 $21.2 $23.0 $16.4 $14.5 $8.7 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $10.0 $20.0 $30.0 Key Stats 3Q21 2Q22 3Q22 Average outstandings ($B)3 110.5 117.4 118.2 NCO ratio3 0.01% 0.03% 0.01% Average FICO 775 771 768 Average booked loan-to-value (LTV) 65% 70% 72% $1.5 $1.7 $2.0 $2.5 $2.4 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $1.0 $2.0 $3.0 $4.0 Key Stats 3Q21 2Q22 3Q22 Average outstandings ($B)3 23.6 21.8 21.9 NCO ratio3 (0.06%) (0.00%) (0.04%) Average FICO 798 797 792 Average booked combined LTV 60% 58% 58%

Average Deposits ($B) Global Wealth & Investment Management Trends Business Leadership1 • No. 1 on Forbes’ Best-in-State Wealth Advisors (2022), Top Women Wealth Advisors (2022), Top Women Wealth Advisors Best-in State (2022), and Top Next Generation Advisors (2022) • No. 1 on Barron’s Top 100 Women Financial Advisors List (2022) • No. 1 on Financial Planning's 'Top 40 Advisors Under 40' List (2022) • Celent Model Wealth Manager award for Client Experience (2022) • Aite-Novarica award for Digital Client Experience (2022) • No. 1 in personal trust AUM(H) • Best Private Bank in the U.S. by Family Wealth Report(I) and Global Private Banker(J) • Best Philanthropy Offering in the U.S. by WealthBriefing(K) Note: Amounts may not total due to rounding. 1 See slide 33 for business leadership sources. 2 Average loans and leases includes PPP balances of $49MM in 3Q22, $81MM in 2Q22, $128MM in 1Q22, $244MM in 4Q21 and $527MM in 3Q21. 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 $48B, $55B, $53B, $56B and $49B for 3Q22, 2Q22, 1Q22, 4Q21 and 3Q21, respectively, are included in both AUM and Deposits. Total client balances only include these balances once. Average Loans and Leases ($B)2 Total Revenue ($B) Client Balances ($B)3,4 $5.3 $5.4 $5.5 $5.4 $5.4 1.5 1.5 1.7 1.8 2.0 3.2 3.2 3.2 3.1 2.9 0.6 0.6 0.6 0.6 0.6 Net interest income Asset management fees Brokerage / Other 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $2.0 $4.0 $6.0 1,579 1,639 1,572 1,411 1,330 1,612 1,655 1,593 1,438 1,414 346 390 385 348 325 205 212 217 225 228 $3,693 $3,840 $3,714 $3,367 $3,249 AUM Brokerage / Other Deposits Loans and leases 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $1,000 $2,000 $3,000 $4,000 $200 $205 $211 $219 $224 94 96 99 102 105 50 53 55 57 56 53 54 55 57 60 Consumer real estate Securities-based lending Custom lending Credit card 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $50 $100 $150 $200 $250 $339 $361 $385 $364 $339 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $100 $200 $300 $400 24

Global Wealth & Investment Management Digital Update1 GWIM2 80%, up from 78% 80% of Merrill households3 digitally active across the enterprise, up from 78% in 3Q21 86% of Private Bank4 relationships digitally active across the enterprise, up from 83% in 3Q21 Digital Adoption 57% 3Q GWIM Mobile Engagement5 up 314 bps YoY Merrill 56%, up 302 bps YoY Private Bank 71%, up 381 bps YoY +36% 3Q GWIM Erica® interactions YoY growth Merrill advisors received 1.2MM client insights Merrill 1.9MM, up 35% YoY Private Bank 145K, up 62% YoY 77% Merrill households enrolled in eDelivery Up from 74% last year 32K+ of eligible brokerage/bank accounts opened digitally through our Client Onboarding Experience (COBE) 75% Private Bank check-only deposit transactions through automated channels 152K+ Mobile Check Deposits Up 90 bps YoY Client Engagement Online Mobile Digital Volume 1 Except where otherwise noted, reflects figures for 3Q22. 2 GWIM digital adoption is Merrill digital households, plus digital Private Bank relationships out of total Merrill primary households, plus Private Bank core relationships as of August, 2022 vs. August, 2021. 3 Merrill households represent those households $250K+ as of September, 2022. 4 Private Banking core relationships reflect relationships $3MM+ and excludes: irrevocable trust-only relationships; institutional philanthropic relationships; exiting relationships as of August, 2022. 5 GWIM mobile engagement is Merrill mobile households, plus mobile Private Bank relationships out of total Merrill primary households, plus Private Bank core relationships as of August, 2022 vs. August, 2021. Advisor-led Client Interactions, Powered by Digital 25

Global Banking Trends Note: Amounts may not total due to rounding. 1 See slide 33 for business leadership sources. 2 Average loans and leases includes PPP balances of $0.6B in 3Q22, $0.9B in 2Q22, $1.5B in 1Q22, $2.4B in 4Q21 and $4.1B in 3Q21. 3 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 4 Self-led deals of $37MM, $65MM, $72MM, $28MM and $56MM for 3Q22, 2Q22, 1Q22, 4Q21 and 3Q21, respectively are embedded within Debt, Equity, and Advisory. Total Corporation IB fees excludes self-led deals. 5 Advisory includes fees on debt and equity advisory and mergers and acquisitions. Average Deposits ($B)Business Leadership1 • Global Most Innovative Financial Institution – 2022(L) • World's Best Bank, North America’s Best Bank for Small to Medium-sized Enterprises, and Best Bank in the US(M) • Best Global Bank for Payments & Collections(N) • Model Bank for Corporate Digital Banking – For CashPro App(O) • Best Bank for Cash Management in North America(N) • Impact Awards in Cash Management and Payments – Product Development for CashPro Forecasting(P) • World’s Best Bank for Payments and Treasury and North America’s Best Bank for Transaction Services(M) • Outstanding Global Leader in Social Bonds, Outstanding Leader in Social Bonds and Sustainable Loans for North America(Q) • Relationships with 73% of the Global Fortune 500; 95% of the U.S. Fortune 1,000 (2022) Average Loans and Leases ($B)2 Total Revenue ($B)3 Total Corporation IB Fees ($MM)4 $5.2 $5.9 $5.2 $5.0 $5.6 2.2 2.4 2.3 2.6 3.3 1.3 1.5 0.9 0.7 0.7 0.9 0.9 0.9 0.9 0.8 0.9 1.2 1.1 0.7 0.8 Net interest income IB fees Service charges All other income 3Q21 4Q21 1Q22 2Q22 3Q22 $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 933 984 831 662 616 637 545 225 139 156 654 850 473 392 432 $2,168 $2,351 $1,457 $1,128 $1,167 Debt Equity Advisory 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $500 $1,000 $1,500 $2,000 $2,500 160 167 177 186 194 148 156 167 177 177 13 13 13 13 13 $325 $339 $359 $377 $384 Commercial Corporate Business Banking 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $100 $200 $300 $400 5 $534 $562 $540 $509 $495 Noninterest-bearing Interest-bearing 3Q21 4Q21 1Q22 2Q22 3Q22 $0 $100 $200 $300 $400 $500 $600 26 69% 71% 71% 72% 65% 31% 29% 29% 28% 35%

Global Banking Digital Update 76% Digitally active clients across commercial, corporate, and business banking clients (CashPro® & BA360 platforms) 186 bps YoY1 Digital Adoption 2.0MM Sign-ins on the CashPro® App, rolling 12 months2 41% YoY $602B Payment approvals on the CashPro® App, rolling 12 months2 100% YoY ~43MM Intelligent Receivables® (digitally matched), rolling 12 months1 49% YoY 101K Global digital wallet account enrollment for commercial cards 95% YoY1 ~66MM Proactive alerts and insights from CashPro®, rolling 12 months2 11% YoY 1.6MM Global payments to digital wallets, rolling 12 months1 16% YoY Client Engagement Online Mobile Connect API Digital Volumes 1 As of August, 2022. 2 As of September, 2022. Creating an innovative digital experience for our clients 27

Global Markets Trends and Revenue Mix Note: Amounts may not total due to rounding. 1 See slide 33 for business leadership sources. 2 Represents a non-GAAP financial measure. Reported Global Markets revenue was $14.3B for 2022 YTD. Reported sales and trading revenue was $13.0B, $12.3B, $12.0B, and $9.9B for 2022 YTD, 2021 YTD, 2020 YTD, and 2019 YTD, respectively. Reported FICC sales and trading revenue was $7.8B, $7.2B, $7.9B and $6.4B for 2022 YTD, 2021 YTD, 2020 YTD, and 2019 YTD, respectively. Reported Equities sales and trading revenue was $5.2B, $5.1B, $4.1B, and $3.5B for 2022 YTD, 2021 YTD, 2020 YTD, and 2019 YTD, respectively. See note E on slide 32 and slide 35 for important presentation information. 3 S&T stands for sales & trading. Macro products include currencies, interest rates and commodities products. 4 See note G on slide 32 for definition of VaR. 2022 YTD Global Markets Revenue Mix (excl. net DVA)2 Business Leadership1 • Americas Derivatives House of the Year and Americas House of the Year for Equity Derivatives, FX Derivatives, Interest Rate Derivatives, and Commodities Derivatives(R) • Interest Rate Derivatives House of the Year(S) • Global Leader for Sustainable Project Finance(L) • Overall Leader for North America in Sustainable Finance(L) • No. 2 Global Research Firm(T) • No. 2 Global Fixed Income Research Team(T) • Securitization Research Team of the Year(R) • Most Impressive Corporate Bond House in Dollars(R) • No. 1 Municipal Bonds Underwriter(U) 2022 YTD Total FICC S&T3 Revenue Mix (excl. net DVA)2 Total Sales and Trading Revenue (excl. net DVA) ($B)2 Average Trading-Related Assets ($B) and VaR ($MM)4 $10.0 $12.1 $12.3 $12.8 6.6 8.0 7.2 7.6 3.5 4.1 5.1 5.2 FICC Equities 2019 YTD 2020 YTD 2021 YTD 2022 YTD $0.0 $2.5 $5.0 $7.5 $10.0 $12.5 $15.0 $490 $485 $544 $598 $35 $79 $76 $105 Avg. trading-related assets Avg. VaR 2019 YTD 2020 YTD 2021 YTD 2022 YTD $0 $250 $500 $750 $0 $50 $100 $150 60% 40% U.S. / Canada International 35% 65% Credit / Other Macro 3 28

$675 $451 257 229 154 27 161 87 44 51 56 46 Residential mortgage Home equity Consumer credit card Consumer vehicle lending Securities based lending Other consumer 4Q09 3Q22 $0 $250 $500 $750 Credit Risk Transformation Reflects Responsible Growth (EOP) Note: Amounts may not total due to rounding. 1 4Q09 reflects December 31, 2009 information adjusted to include the January 1, 2010 adoption of FAS 166/167 as reported in our Securities and Exchange Commission (SEC) filings. 2 Nine-quarter loss rate from Comprehensive Capital Analysis and Review (CCAR) severely adverse scenario. Consumer Loan Portfolio ($B)1 Commercial Loan Portfolio ($B)1 Federal Reserve Stress Test Loan Loss Rates (%)2 Loan Mix1 30 $328 $582 207 376 29 125 69 68 22 13 U.S. commercial Non-U.S. commercial Commercial real estate Other 4Q09 3Q22 $0 $200 $400 $600 4Q09 67% 33% 3Q22 44% 56% $1,032B$1,003B 6.9% 5.2% 7.7% 6.0% 9.2% 6.4% 7.1% BAC Peer 1 Peer 2 Peer 3 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (46%) (82%) ~2x >4x Commercial Consumer

Metric 4Q09 4Q19 3Q22 Total loans and leases1 $1,003B $983B $1,032B % consumer 67% 47% 44% Consumer credit card $161B $98B $87B Home equity $154B $41B $27B GWIM loans $100B $177B $225B Commercial real estate of which Construction (%) $69B 39% $63B 12% $68B 14% Nonperforming loans 3.75% 0.36% 0.39% NCOs1 $11B $959MM $520MM Nine-quarter stressed net credit losses2 $104B / 10.0% $44B / 4.4% $53B / 5.2% Tangible common shareholders’ equity1,3 $112B $172B $170B Global Liquidity Sources4 $214B $576B $941B Balance Sheet Transformation Highlights (EOP basis unless noted) 31 Transformation through Responsible Growth • Our loan portfolio is more balanced today and has less inherent risk – Lower concentration in the consumer portfolio – Less exposure to unsecured consumer credit and home equity loans – More than doubled GWIM loans – Commercial Real Estate portfolio more balanced, with less concentration in construction loans – CCAR stress test results indicate significantly lower credit losses expected in a severe downturn • Our capital base and liquidity have also increased significantly – ~$60B higher tangible common equity3 – Global Liquidity Sources4 are more than four times higher than 4Q09 1 4Q09 reflects December 31, 2009 information adjusted to include the January 1, 2010 adoption of FAS 166/167 as reported in our SEC filings. Amounts include loans accounted for under the fair value option (FVO). 2 Nine-quarter losses and loss rate for 4Q09 based on the 2009 Supervisory Capital Assessment Program; 4Q19 and 3Q22 represent 2019 and 2022 Federal Reserve CCAR stress test results, respectively. 3 Represent non-GAAP financial measures. Tangible common shareholders’ equity is calculated as common shareholders’ equity of $240.4B, $241.4B, and $207.2B for 3Q22, 4Q19, and 4Q09, which has been reduced by goodwill of $69.0B for 3Q22 and 4Q19 and $86.3B for 4Q09 and intangible assets (excluding mortgage servicing rights) of $2.1B, $1.7B, and 12.0B for 3Q22, 4Q19, and 4Q09, net of related deferred tax liabilities of $0.9B, $0.7B, and $3.5B for 3Q22, 4Q19, and 4Q09. For important presentation information, see slide 35. 4 4Q09 GLS shown on ending basis. The Corporation adopted the disclosure of average liquidity sources in 2017. See note C on slide 32 for definition of Global Liquidity Sources.

A 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 recognized in that period. B 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. C 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. It does not include Federal Reserve Discount Window or Federal Home Loan Bank borrowing capacity. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. D Interest rate sensitivity as of September 30, 2022, reflects the pretax impact to forecasted net interest income over the next 12 months from September 30, 2022 resulting from an instantaneous parallel shock to the market-based forward curve. 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. 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 behavior of our deposits portfolio in the forecast is a key assumption in our projected estimate of net interest income. The sensitivity analysis assumes no change in deposit portfolio size or mix from our baseline forecast to the alternate rate environment. In higher rate scenarios, any customer activity resulting in the replacement of low-cost or noninterest-bearing deposits with higher yielding deposits or market-based funding would reduce our benefit in those scenarios. E 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), $158MM and ($20MM) for 3Q22, 2Q22 and 3Q21, respectively, and $213MM, ($56MM), ($77MM) and ($136MM) for 2022 YTD, 2021 YTD, 2020 YTD and 2019 YTD, respectively. Net DVA gains (losses) included in FICC revenue were ($15MM), $160MM and ($16MM) for 3Q22, 2Q22 and 3Q21, respectively, and $205MM, ($53MM), ($78MM) and ($127MM) for 2022 YTD, 2021 YTD, 2020 YTD and 2019 YTD, respectively. Net DVA gains (losses) included in Equities revenue were $1MM, ($2MM) and ($4MM) for 3Q22, 2Q22 and 3Q21, respectively, and $8MM, ($3MM), $1MM and ($9MM) for 2022 YTD, 2021 YTD, 2020 YTD and 2019 YTD, respectively. F Effective October 1, 2021, a business activity previously included in the Global Markets segment is being reported as a liquidating business in All Other, consistent with a realignment in performance reporting to senior management. The activity was not material to Global Market's results of operations and historical results for 3Q21 were not restated. 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 $34MM, $36MM, $28MM, $22MM and $19MM for 3Q22, 2Q22, 3Q21, 3Q20 and 3Q19, respectively, and $33MM, $29MM, $23MM and $20MM for 2022 YTD, 2021 YTD, 2020 YTD and 2019 YTD, respectively. Notes $ Millions 3Q22 2Q22 3Q21 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 $ 4,069 $ 738 $ 4,807 $ 3,827 $ 350 $ 4,177 $ 4,033 $ 247 $ 4,280 Global Wealth & Investment Management 1,576 37 1,613 1,525 33 1,558 1,624 (58) 1,566 Global Banking 2,770 170 2,940 2,050 157 2,207 3,492 (781) 2,711 Global Markets 1,449 11 1,460 1,385 8 1,393 1,251 16 1,267 All Other (1,457) (58) (1,515) (1,792) (25) (1,817) (1,349) (48) (1,397) Total Corporation $ 8,301 $ 898 $ 9,199 $ 6,892 $ 523 $ 7,415 $ 8,950 $ (624) $ 8,326 32

Business Leadership Sources (A) Estimated U.S. retail deposits based on June 30, 2022 FDIC deposit data. (B) Javelin 2022 Online and Mobile Banking Scorecards. (C) Bank of America received the highest score in the J.D. Power 2022 Merchant Services Satisfaction Study of customers’ satisfaction with credit card/debit payment processors among small business owners/operators. Visit jdpower.com/awards for more details. (D) FDIC, 2Q22. (E) Global Finance, May 2022. (F) Global Finance, August 2022. (G) J.D. Power 2022 Financial Health Support CertificationSM is based on exceeding customer experience benchmarks using client surveys and a best practices verification. For more information, visit jdpower.com/awards. (H) Industry Q2-22 FDIC call reports. (I) Family Wealth Report, 2022. (J) Global Private Banking, The Digital Banker, 2021. (K) WealthBriefing, 2022. (L) Global Finance, 2022. (M) Euromoney, 2022. (N) Global Finance Treasury & Cash Management Awards, 2022. (O) Celent, 2022. (P) Aite-Novarica Group, 2022. (Q) Global Finance, 2021. (R) GlobalCapital, 2022. (S) Risk.net, 2022. (T) Institutional Investor, 2021. (U) Refinitiv, 2022 YTD. 33

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,” “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, provision for credit losses, expenses, efficiency ratio, capital measures, strategy, 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 2021 Annual Report on Form 10-K and in any of the Corporation’s subsequent Securities and Exchange Commission filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage resulting from pending or future litigation and regulatory investigations, proceedings and enforcement actions, including as a result of our participation in and execution of government programs related to the Coronavirus Disease 2019 (COVID-19) pandemic, such as the processing of unemployment benefits for California and certain other states; 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 possibility that the Corporation could face increased claims from one or more parties involved in mortgage securitizations; the Corporation’s ability to resolve representations and warranties repurchase and related claims; the risks related to the discontinuation of the London Interbank Offered Rate and other 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 U.S. and global interest rates, inflation, currency exchange rates, economic conditions, trade policies and tensions, including tariffs, and potential geopolitical instability; the impact of the interest rate, inflationary and macroeconomic environment on the Corporation’s business, financial condition and results of operations; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of 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; 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; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including, but not limited to, recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and the Coronavirus Aid, Relief, and Economic Security Act and any similar or related rules and regulations; a failure or disruption in or breach of the Corporation’s operational or security systems or infrastructure, or those of third parties, including as a result of cyber-attacks or campaigns; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental, social and governance goals and commitments or the impact of any changes in the Corporation's sustainability strategy or commitments generally; the impact of any future federal government shutdown and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary or regulatory policy; the emergence of widespread health emergencies or pandemics, including the magnitude and duration of the COVID-19 pandemic and its impact on U.S. and/or global financial market conditions and our business, results of operations, financial condition and prospects; the impact of natural disasters, extreme weather events, military conflict (including the Russia/ Ukraine conflict, the possible expansion of such conflict and potential geopolitical consequences), 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. 34

Important Presentation Information 35 • 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, 2022, and other earnings-related information available through the Bank of America Investor Relations website at: https://investor.bankofamerica.com/quarterly-earnings. • 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. KPIs are presented in 3Q22 Financial Results on slide 2 and on the Summary Income Statement for each segment. • The Corporation views 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 $106MM, $103MM, $106MM, $105MM and $101MM for 3Q22, 2Q22, 1Q22, 4Q21 and 3Q21, 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. The Corporation's internal risk-based capital models use a risk-adjusted methodology incorporating each segment's credit, market, interest rate, business and operational risk components. 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 the first quarter of 2022, the Corporation adjusted the amount of capital being allocated to its business segments.