1 4Q25 Financial Highlights2,3(B) 4Q25 Business Segment Highlights1,2,3,4(B) Consumer Banking • Net income of $3.3 billion • Revenue of $11.2 billion, up 5% • Average deposits of $945 billion were modestly higher and up 31% from pre-pandemic levels (4Q19); #1 in U.S. Consumer Deposits5 • Average loans and leases of $323 billion, up $7 billion, or 2% • Average Small Business loans grew 6%; #1 Small Business Lender for 18 consecutive quarters6 • Combined credit / debit card spend of $255 billion, up 6% • Client Highlights – Added ~680,000 net new consumer checking accounts in 2025; completed 28 consecutive quarters of net growth – 38.4 million consumer checking accounts; 92% are primary7 – ~4 million small business checking accounts – $599 billion in consumer investment assets, up 16%8 – $1.2 trillion in payments, up 5%9 – 4.3 billion digital logins; 69% of total sales were digitally-enabled Global Wealth and Investment Management • Net income of $1.4 billion • Revenue of $6.6 billion, up 10%. The increase was driven primarily by higher asset management fees, up 13% to $4.1 billion, reflecting higher market valuations and strong assets under management (AUM) flows • Client balances of $4.8 trillion, up 12%, driven by higher market valuations and positive net client flows • Average loans and leases of $257 billion, up $28 billion, or 12% • Client Highlights – Added ~21,000 net new relationships across Merrill and Private Bank in 2025 – ~$2.2 trillion of AUM balances, up 16% – 86% of Merrill and Private Bank clients digitally active Global Banking • Net income of $2.1 billion • Total Corporation investment banking fees (excl. self-led) of $1.7 billion, up 1% • #3 investment banking fee ranking for 202512 • $656 billion in average deposits, up 13% • 10% improvement in treasury service charges Global Markets • Net income of $1.0 billion • Sales and trading revenue of $4.5 billion, up 10%, including and excluding net debit valuation adjustment (DVA) losses of $17 million.(E) 15th consecutive quarter of year-over-year growth – Fixed Income, Currencies and Commodities (FICC) revenue up 2% to $2.5 billion. Excluding net DVA, up 1%(E) – Equities revenue up 23% to $2 billion, including and excluding net DVA(E) From Chair and CEO Brian Moynihan: Bank of America’s fourth quarter results capped off a strong year of earnings as we delivered more than $30 billion in net income and EPS grew 19% over 2024. And with solid revenue growth, positive operating leverage and a lower efficiency ratio, we improved returns year-over- year for both the full year and the quarter. With consumers and businesses proving resilient, as well as the regulatory environment and tax and trade policies coming into sharper focus, we expect further economic growth in the year ahead. While any number of risks continue, we are bullish on the U.S. economy in 2026. I want to thank our teammates for their hard work this year. With their dedication and the economy positioned for growth, we feel confident in our ability to maintain this momentum in 2026 and beyond. Bank of America Reports 4Q25 Net Income of $7.6 Billion; EPS of $0.98, Up 18% YoY 4Q25 Revenue up 7% YoY to $28.4 Billion,1 Net Interest Income Grew 10% YoY to $15.8 Billion ($15.9 Billion FTE)(A) Full-Year 2025 Net Income of $30.5 Billion; EPS of $3.81, Up 19% YoY See page 10 for endnotes. Amounts may not total due to rounding. 1 Revenue, net of interest expense. 2 Results for 4Q25 presented in this release reflect Bank of America Corporation’s (Corporation) election to change its accounting methods for certain tax-related equity investments effective 4Q25, which were applied on a retrospective basis as disclosed in the Current Report on Form 8-K furnished with the U.S. Securities and Exchange Commission on January 6, 2026. Results for 3Q25 and 4Q24 presented in this release have been updated to reflect such changes to conform to current period presentation. For more information, see Endnote F on page 10. 3 Financial Highlights and Business Segment Highlights are compared to the year-ago quarter unless noted. 4 The Corporation reports the results of operations of its four business segments and All Other on a fully taxable-equivalent (FTE) basis. 5 Source: Federal Financial Institutions Examination Council (FFIEC) Call Reports, 3Q25. 6 Source: Federal Deposit Insurance Corporation (FDIC), 3Q25. 7 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). 8 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 9 Total payments represent payments made from Bank of America accounts using credit card, debit card, ACH, wires, billpay, person-to-person, cash and checks. 10 Return on average tangible common shareholders’ equity ratio represents a non-GAAP financial measure. For more information, see page 19. 11 Tangible book value per common share represents a non-GAAP financial measure. For more information, see page 19. 12 Source: Dealogic as of December 31, 2025. • Net income of $7.6 billion compared to $6.8 billion – Diluted earnings per share of $0.98 compared to $0.83, up 18% • Revenue, net of interest expense, of $28.4 billion ($28.5 billion FTE),(A) up 7%, reflected higher net interest income (NII), asset management fees, and sales and trading revenue – NII of $15.8 billion ($15.9 billion FTE),(A) up 10%, driven by higher NII related to Global Markets activity, fixed-rate asset repricing, and higher deposit and loan balances, partially offset by the impact of lower interest rates • Provision for credit losses of $1.3 billion decreased from $1.5 billion in 4Q24 and was flat to 3Q25 – Net charge-offs of $1.3 billion decreased from $1.5 billion in 4Q24 and $1.4 billion in 3Q25 • Noninterest expense of $17.4 billion, up 4%, driven by higher revenue- related incentive and transaction expenses, as well as investments in people, brand and technology – Increased 1% from 3Q25, driven primarily by investments in technology, higher revenue-related expenses and higher litigation costs, partially offset by a reduction of the FDIC special assessment accrual – Efficiency ratio improved 194 bps to 61% • Return on average common shareholders' equity ratio of 10.4%; return on average tangible common shareholders' equity ratio of 14.0%10 • Return on average assets of 0.89% • Balance Sheet Remained Strong – Average deposit balances of $2.01 trillion increased 3%; 10th consecutive quarter of sequential growth – Average loans and leases of $1.17 trillion increased 8%, with growth across every business segment – Average Global Liquidity Sources of $975 billion(C) – Common equity tier 1 (CET1) capital of $201 billion decreased $1 billion from 3Q25 – CET1 ratio of 11.4% (Standardized);(D) well above the regulatory minimum – Returned $8.4 billion to shareholders ($2.1 billion through common stock dividends and $6.3 billion in share repurchases) • Book value per common share rose 8% to $38.44; tangible book value per common share rose 9% to $28.7311

2 From Executive Vice President and CFO Alastair Borthwick: In 2025, ending deposits topped $2 trillion, and average loans grew 8% year-over-year, as we managed our balance sheet efficiently, returning 41% more capital to shareholders through dividends and share repurchases than in 2024. As we grew organically, the company also benefited from fixed-rate asset repricing and disciplined expense management, with our fourth quarter efficiency ratio improving nearly 200 bps from last year. With strong liquidity and capital, as well as healthy asset quality, we enter 2026 focused on driving core growth, market share gains and improved profitability. Bank of America Financial Highlights ($ in billions, except per share data) 4Q25 4Q24 FY 2025 FY 2024 Total revenue, net of interest expense $28.4 $26.5 $113.1 $105.9 Provision for credit losses 1.3 1.5 5.7 5.8 Noninterest expense 17.4 16.8 69.7 66.8 Pretax income 9.6 8.2 37.7 33.2 Pretax, pre-provision income1(G) 10.9 9.7 43.4 39.0 Income tax expense 2.0 1.4 7.2 6.3 Net income 7.6 6.8 30.5 27.0 Diluted earnings per share $0.98 $0.83 $3.81 $3.19 Return on average assets 0.89 % 0.82 % 0.89 % 0.82 % Return on average common shareholders’ equity 10.4 9.6 10.6 9.5 Return on average tangible common shareholders’ equity1 14.0 13.0 14.2 12.9 Efficiency ratio 61 63 62 63 1 Pretax, pre-provision income and return on average tangible common shareholders’ equity represent non-GAAP financial measures. For more information, see page 19. Net Interest Income (FTE) $14.5 $14.6 $14.8 $15.4 $15.9 $14.4 $14.4 $14.7 $15.2 $15.8 Net interest income (GAAP) FTE adjustment 4Q24 1Q25 2Q25 3Q25 4Q25 Average Deposits $1,958 $1,958 $1,974 $1,991 $2,013 4Q24 1Q25 2Q25 3Q25 4Q25 Spotlight on Average Deposits and Net Interest Income ($B) (A)

3 Consumer Banking1 Financial Results Three months ended ($ in millions) 12/31/2025 9/30/2025 12/31/2024 Total revenue2 $11,201 $11,166 $10,646 Provision for credit losses 1,066 1,009 1,254 Noninterest expense 5,729 5,575 5,631 Pretax income 4,406 4,582 3,761 Income tax expense 1,102 1,145 940 Net income $3,304 $3,437 $2,821 Business Highlights(B) Three months ended ($ in billions) 12/31/2025 9/30/2025 12/31/2024 Average deposits $945.4 $947.4 $942.3 Average loans and leases 322.7 320.3 316.1 Consumer investment assets5 599.1 580.4 517.8 Active mobile banking users (MM) 41.4 41.3 40.0 Number of financial centers 3,628 3,649 3,700 Efficiency ratio 51 % 50 % 53 % Return on average allocated capital 30 31 26 Total Consumer Credit Card3 Average credit card outstanding balances $103.0 $101.0 $100.9 Total credit / debit spend 254.7 245.2 240.9 Risk-adjusted margin 7.0 % 7.5 % 7.1 % • Net income of $3.3 billion • Revenue of $11.2 billion,2 up 5%, driven by higher NII • Provision for credit losses of $1.1 billion, down 15% – Net charge-offs of $1.1 billion decreased $113 million – Net reserve release of $67 million vs. net reserve build of $8 million(H) • Noninterest expense of $5.7 billion increased 2%, driven primarily by investments in the business, including people and brand – Efficiency ratio of 51% • Return on average allocated capital of 30%(B) Business Highlights1,3(B) • Average deposits of $945 billion were modestly higher – 59% of deposits in checking accounts; 92% are primary4 • Average loans and leases of $323 billion increased 2% • Combined credit / debit card spend of $255 billion increased 6% • Consumer investment assets of $599 billion, up 16%,5 driven by higher market valuations and $19 billion of net client flows from new and existing clients • 11.4 million clients enrolled in Preferred Rewards, up 2%6 Strong Digital Usage Continued in the Quarter1 • 79% of overall households actively using digital platforms7 • 49 million active digital banking users, up 1.2 million • 1.9 million digitally-enabled sales, representing 69% of total sales • 4.3 billion digital logins, up 11% • ~25 million active Zelle® users, up 5%; sent and received 474 million transactions worth $144 billion, up 12% and 13%, respectively8 Continued Business Leadership • No. 1 in U.S. Consumer Deposits(a) • No. 1 Small Business Lender(b) • No. 1 in Retail Banking Advice Satisfaction(c) • No. 1 in Banking Mobile App Satisfaction(d) • Merrill Edge Self-Directed No. 1 for Bank Brokerage(e) See page 11 for Business Leadership sources. 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 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). 5 End of period. Consumer investment assets includes client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. 6 As of November 2025. 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 November 2025. 8 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users.

4 Global Wealth and Investment Management1 Financial Results Three months ended ($ in millions) 12/31/2025 9/30/2025 12/31/2024 Total revenue2 $6,618 $6,312 $6,002 Provision (benefit) for credit losses (3) 4 3 Noninterest expense 4,747 4,622 4,438 Pretax income 1,874 1,686 1,561 Income tax expense 469 421 390 Net income $1,405 $1,265 $1,171 Business Highlights(B) Three months ended ($ in billions) 12/31/2025 9/30/2025 12/31/2024 Average deposits $279.5 $276.5 $285.0 Average loans and leases 257.0 245.5 228.8 Total client balances (EOP) 4,751.4 4,640.8 4,252.1 AUM flows 20.2 23.5 22.5 Pretax margin 28 % 27 % 26 % Return on average allocated capital 28 26 25 1 Comparisons are to the year-ago quarter unless noted. 2 Revenue, net of interest expense. 3 Percentage of digitally active Merrill primary households across the enterprise ($250K+ in investable assets within the enterprise) as of December 2025. Excludes Stock Plan and Banking-only households. 4 Includes Merrill Digital Households across the enterprise (excluding Stock Plan, Banking-only households, Retirement-only and 529-only) and Private Bank relationships that receive statements digitally, as of November 2025 for Private Bank and as of December 2025 for Merrill. 5 Includes mobile check deposits, remote deposit operations, and automated teller machine transactions, as of November 2025 for Private Bank and as of December 2025 for Merrill. 6 Percentage of digitally active Private Bank core relationships across the enterprise ($3MM+ in total balances) as of November 2025. Includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. Continued Business Leadership • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State Wealth Management Teams (2026), Top Next Generation Advisors (2025), and Top Wealth Management Teams High Net Worth (2025) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2025) and No. 1 on Barron's Top 100 Women Financial Advisors (2025) • No. 1 on Financial Planning's Top 40 Advisors Under 40 List (2025) • No. 1 in Managed Personal Trust AUM(b) • Best Private Bank in the U.S. and Best Private Bank for Philanthropic Services Globally(f) See page 11 for Business Leadership sources. • Net income of $1.4 billion • Revenue of $6.6 billion,2 up 10%. The increase was driven primarily by higher asset management fees, up 13% to $4.1 billion, reflecting higher market valuations and strong AUM flows • Noninterest expense of $4.7 billion increased 7%, driven by revenue-related incentives – Pretax margin of 28% • Return on average allocated capital of 28%(B) Business Highlights1(B) • $4.8 trillion in client balances, up 12%, driven by higher market valuations and positive net client flows – AUM flows of $20 billion; $82 billion since 4Q24 • Average deposits of $279 billion decreased 2% • Average loans and leases of $257 billion increased 12% Merrill Wealth Management Highlights Client Engagement • $4 trillion in client balances(B) • $1.7 trillion in AUM balances(B) • ~18K net new households added in FY25 • 43K digital appointments scheduled in the quarter Strong Digital Usage Continued in the Quarter • 86% of Merrill households digitally active3 – 65% of Merrill households are active on mobile • 84% of households enrolled in eDelivery4 • 77% of eligible checks deposited through automated channels5 • 80% of eligible bank and brokerage accounts opened through digital onboarding Bank of America Private Bank Highlights Client Engagement • $759 billion in client balances(B) • $455 billion in AUM balances(B) • ~1,600 net new relationships added in FY25 with $3MM+ clients Strong Digital Usage Continued in the Quarter1 • 93% of relationships digitally active6 – 77% of core relationships are active on mobile • 52% of eligible relationships enrolled in eDelivery4 • 77% of eligible checks deposited through automated channels5 • 56% of eligible Investment and Trust accounts opened through digital onboarding

5 Global Banking1,2 Financial Results Three months ended ($ in millions) 12/31/2025 9/30/2025 12/31/2024 Total revenue2,3 $6,238 $6,189 $6,096 Provision for credit losses 243 269 190 Noninterest expense 3,118 3,044 2,951 Pretax income 2,877 2,876 2,955 Income tax expense 791 791 812 Net income $2,086 $2,085 $2,143 Business Highlights2(B) Three months ended ($ in billions) 12/31/2025 9/30/2025 12/31/2024 Average deposits $656.1 $631.6 $582.0 Average loans and leases 386.3 388.5 375.3 Total Corporation IB fees (excl. self-led) 1.7 2.0 1.7 Global Banking IB fees 1.0 1.2 1.0 Business Lending revenue 2.3 2.2 2.4 Global Transaction Services revenue 2.9 2.7 2.7 Efficiency ratio 50 % 49 % 48 % Return on average allocated capital 16 16 17 • Net income of $2.1 billion • Revenue of $6.2 billion3 increased 2%, driven primarily by higher treasury service charges and leasing-related revenue • Provision for credit losses of $243 million vs. $190 million – Net reserve build of $83 million vs. net reserve release of $30 million(H) – Net charge-offs of $160 million decreased $60 million • Noninterest expense of $3.1 billion increased 6%, driven by investments in the business, including people and technology – Efficiency ratio of 50% • Return on average allocated capital of 16%(B) Business Highlights1,2(B) • Total Corporation investment banking fees (excl. self-led) of $1.7 billion increased 1% – #3 in investment banking fees for 20254 • $656 billion in average deposits increased 13% • $386 billion in average loans and leases increased 3% Strong Digital Usage Continued in the Quarter1 • 86% of relationship clients digitally active5 • 2.6 million total mobile sign-ins, up 24%6 • $336 billion CashPro® App Payments, up 18% • 39.7K interactions with CashPro® Chat, supported by Erica® technology Continued Business Leadership • North America’s Most Innovative Bank – 2025(g) • World’s Best Bank for Small to Medium-sized Enterprises; North America’s Best Transaction Bank and Best Bank for Sustainable Finance(h) • Bank of the Year for Customer Experience(i) • Best Global Bank for Cash Management(g) • 2025 Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(j) • Model Bank: An Edge in Actionable Analytics(k) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(l) • Relationships with 78% of the Global Fortune 500; 96% of the U.S. Fortune 1,000 (2025) See page 11 for Business Leadership sources. 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 Source: Dealogic as of December 31, 2025. 5 Includes Commercial and Business Banking clients that meet revenue threshold and all Corporate clients on CashPro® and BA360 platforms as of November 2025. 6 Includes CashPro, BA360, and Global Card Access. BA360 as of November 2025.

6 Global Markets1,2,3 Financial Results Three months ended ($ in millions) 12/31/2025 9/30/2025 12/31/2024 Total revenue2,3 $5,304 $6,225 $4,838 Net DVA (17) 14 (19) Total revenue (excl. net DVA)2,3,4 $5,321 $6,211 $4,857 Provision for credit losses 12 9 10 Noninterest expense 3,906 3,895 3,505 Pretax income 1,386 2,321 1,323 Income tax expense 402 673 384 Net income $984 $1,648 $939 Net income (excl. net DVA)4 $997 $1,637 $953 Business Highlights2(B) Three months ended ($ in billions) 12/31/2025 9/30/2025 12/31/2024 Average total assets $1,026.3 $1,024.3 $918.6 Average trading-related assets 666.6 676.6 620.9 Average loans and leases 197.8 191.0 152.4 Sales and trading revenue 4.5 5.4 4.1 Sales and trading revenue (excl. net DVA)4 4.5 5.3 4.1 Global Markets IB fees 0.7 0.8 0.6 Efficiency ratio 74 % 63 % 72 % Return on average allocated capital 8 13 8 • Net income of $1.0 billion (incl. and excl. net DVA)4 • Revenue of $5.3 billion increased 10%, driven by higher sales and trading revenue • Noninterest expense of $3.9 billion increased 11%, driven by higher revenue-related expenses and investments in the business, including people and technology – Efficiency ratio of 74% • Return on average allocated capital of 8%(B) • Average VaR of $50 million5 Business Highlights1,2,3,4(B) • Sales and trading revenue of $4.5 billion increased 10% (incl. and excl. net DVA)4 – FICC revenue increased 2% (excl. net DVA, up 1%) to $2.5 billion,4 driven by improved performance in macro products – Equities revenue of $2 billion increased 23% (incl. and excl. net DVA),4 driven by increased client activity Additional Highlights • 650+ research analysts covering 3,500+ companies; 1,350+ corporate bond issuers across 55+ economies and 25 industries Continued Business Leadership • Global Derivatives House of the Year(m) • CLO Trading Desk of the Year(m) • Currency Derivatives House of the Year(n) • Commodity Derivatives House of the Year(o) • North America MBS House of the Year(o) • Best Sell-Side Trading Desk(p) • Equity Derivatives House of the Year(o) • No. 1 Municipal Bonds Underwriter(q) • No. 2 Top Global Research Firm(r) See page 11 for Business Leadership sources. 1 Comparisons are to the year-ago quarter unless noted. 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 Revenue, net of interest expense. 4 Revenue and net income, excluding net DVA, are non-GAAP financial measures. See Endnote E 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 $50MM, $66MM and $68MM for 4Q25, 3Q25 and 4Q24, respectively. For more information on VaR, see Endnote I on page 10.

7 All Other1 Financial Results Three months ended ($ in millions) 12/31/2025 9/30/2025 12/31/2024 Total revenue2 ($829) ($698) ($953) Provision (benefit) for credit losses (10) 4 (5) Noninterest expense (benefit) (63) 201 262 Pretax loss (756) (903) (1,210) Income tax expense (benefit) (624) (800) (942) Net income (loss) ($132) ($103) ($268) 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 $132 million improved from a net loss of $268 million • The Corporation’s total effective tax rate (ETR) for the quarter was approximately 21%; total corporate ETR for the full year was approximately 19%

8 Credit Quality1 Highlights Three months ended ($ in millions) 12/31/2025 9/30/2025 12/31/2024 Provision for credit losses $1,308 $1,295 $1,452 Net charge-offs 1,287 1,367 1,466 Net charge-off ratio2 0.44 % 0.47 % 0.54 % At period-end Nonperforming loans and leases $5,804 $5,347 $5,975 Nonperforming loans and leases ratio 0.49 % 0.46 % 0.55 % Allowance for credit losses 14,380 14,361 14,336 Allowance for loan and lease losses 13,203 13,252 13,240 Allowance for loan and lease losses ratio3 1.12 % 1.14 % 1.21 % 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 $1.3 billion decreased $80 million from 3Q25 – Consumer net charge-offs of $992 million increased $14 million from 3Q25 – Credit card charge-off rate improved to 3.40% from 3.46% in 3Q25 and 3.79% in 4Q24 ▪ In line with seasonal trends, early and late stage credit card delinquency rates increased from 3Q25, while continuing to improve from 4Q24 – Commercial net charge-offs of $295 million decreased $94 million compared to 3Q25, driven primarily by lower commercial real estate office losses • Net charge-off ratio2 of 0.44% decreased 3 bps vs. 3Q25 Provision for credit losses • Provision for credit losses of $1.3 billion was flat to 3Q25 – Net reserve build of $21 million vs. net reserve release of $72 million in 3Q25(H) Allowance for credit losses • Allowance for loan and lease losses of $13.2 billion represented 1.12% of total loans and leases3 – Total allowance for credit losses of $14.4 billion included $1.2 billion for unfunded commitments • Nonperforming loans of $5.8 billion increased $457 million from 3Q25 and decreased $171 million from 4Q24 • Commercial reservable criticized utilized exposure of $24.7 billion decreased $1.6 billion from 3Q25 and $1.7 billion from 4Q24

9 Balance Sheet, Liquidity, and Capital Highlights ($ in billions except per share data, end of period, unless otherwise noted)(B) Three months ended 12/31/2025 9/30/2025 12/31/2024 Ending Balance Sheet Total assets $3,410.4 $3,403.1 $3,261.3 Total loans and leases 1,185.7 1,165.9 1,095.8 Total loans and leases in business segments (excluding All Other) 1,178.9 1,158.5 1,087.7 Total deposits 2,018.7 2,002.2 1,965.5 Average Balance Sheet Average total assets $3,427.8 $3,433.4 $3,315.6 Average loans and leases 1,170.9 1,153.0 1,081.0 Average deposits 2,012.5 1,991.4 1,958.0 Funding and Liquidity Long-term debt $317.8 $311.5 $283.3 Global Liquidity Sources, average(C) 975 961 953 Equity Common shareholders’ equity $277.3 $276.4 $270.8 Common equity ratio 8.1 % 8.1 % 8.3 % Tangible common shareholders’ equity1 $207.2 $206.4 $200.7 Tangible common equity ratio1 6.2 % 6.2 % 6.3 % Per Share Data Common shares outstanding (in billions) 7.21 7.33 7.61 Book value per common share $38.44 $37.72 $35.58 Tangible book value per common share1 28.73 28.16 26.37 Regulatory Capital2(D) CET1 capital $201.4 $202.9 $201.1 Standardized approach Risk-weighted assets $1,773 $1,751 $1,696 CET1 ratio 11.4 % 11.6 % 11.9 % Advanced approaches Risk-weighted assets $1,568 $1,546 $1,490 CET1 ratio 12.8 % 13.1 % 13.5 % Supplementary leverage Supplementary leverage ratio (SLR) 5.7 % 5.8 % 5.9 % 1 Represents a non-GAAP financial measure. For reconciliations to GAAP financial measures, see page 19. 2 Effective 4Q25, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of 3Q25 or 4Q24. For more information, see Endnote F on page 10.

10 Endnotes A We also measure NII and revenue, net of interest expense, on an FTE basis, which are non-GAAP financial measures. 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 $15.9 billion, $15.4 billion, $14.8 billion, $14.6 billion and $14.5 billion for the three months ended December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025 and December 31, 2024, respectively. Revenue, net of interest expense, on an FTE basis, was $28.5 billion, $29.2 billion and $26.6 billion for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively. The FTE adjustment was $165 million, $154 million, $145 million, $145 million and $154 million for the three months ended December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025 and December 31, 2024, respectively. 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 Consolidated and Business Segment Highlights on page 1, Balance Sheet, Liquidity, and Capital Highlights on page 9 and on the Segment pages for each segment. 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 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. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. D Regulatory capital ratios at December 31, 2025 are preliminary. The Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. E 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. Three months ended (Dollars in millions) 12/31/2025 9/30/2025 12/31/2024 Sales and trading revenue Fixed-income, currencies and commodities $ 2,501 $ 3,092 $ 2,462 Equities 2,015 2,270 1,642 Total sales and trading revenue $ 4,516 $ 5,362 $ 4,104 Sales and trading revenue, excluding net debit valuation adjustment1 Fixed-income, currencies and commodities $ 2,517 $ 3,078 $ 2,480 Equities 2,016 2,270 1,643 Total sales and trading revenue, excluding net debit valuation adjustment $ 4,533 $ 5,348 $ 4,123 F Effective 4Q25, the Corporation elected to change its accounting methods for its tax-related affordable housing, eligible wind renewable energy, and solar renewable energy equity investments, which were applied on a retrospective basis. The Corporation determined that the new accounting methods are preferable as they better align the financial statement presentation with the economic impact of these equity investments. The primary impact of the accounting changes is a reclassification between income statement line items that nets income tax credits and benefits against the investment expense. For more information, see the Corporation’s Current Report on Form 8-K furnished with the SEC on January 6, 2026. Certain prior-period financial information presented herein for the Consolidated Statement of Income, Consolidated Balance Sheet, segment results, and performance metrics has been revised to reflect such changes to conform to current-period presentation. G Pretax, pre-provision income (PTPI) is a non-GAAP financial measure calculated by adjusting consolidated pretax income to add back provision for credit losses. Management believes that PTPI 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. H 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 and other valuation accounts recognized in that period. I Beginning in the first quarter of 2025, the VaR amounts for all periods presented are those used in the Corporation’s risk management of its trading portfolios. Previously, the VaR amounts presented were those used for regulatory capital. The trading portfolio represents trading assets and liabilities, primarily consisting of regular underwriting or dealing in securities and derivative contracts, and acquiring positions as an accommodation to customers. 1 For the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, net DVA gains (losses) were ($17) million, $14 million and ($19) million, FICC net DVA gains (losses) were ($16) million, $14 million and ($18) million, and Equities net DVA gains (losses) were ($1) million, $0 and ($1) million, respectively.

11 (a) FFIEC Call Reports, 3Q25. (b) FDIC, 3Q25. (c) J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.* (d) J.D. Power 2025 U.S. Mobile App Satisfaction Study measures overall satisfaction with banking app channel in the first quarter of 2025. For more information, visit jdpower.com/awards.* (e) StockBrokers.com* 2025 Annual Awards. (f) Global Finance Magazine, 4Q25. (g) Global Finance, 2025. (h) Euromoney, 2025. (i) Treasury Management International, 2025. (j) Coalition Greenwich, 2025. (k) Celent, 2025. (l) Asian Banker, 2025. (m) GlobalCapital, 2025. (n) Risk.net*, 2026. (o) IFR, 2025. (p) Global Markets Choice Awards, 2025. (q) LSEG-Refinitiv, 2025. (r) Extel, 2025. Business Leadership Sources * Website content is not incorporated by reference into this press release.

12 Contact Information and Investor Conference Call Invitation Investor Call Information Chair and CEO Brian Moynihan and Executive Vice President and CFO Alastair Borthwick will discuss fourth- quarter 2025 financial results in an investor conference call at 8:30 a.m. ET today. The conference call and presentation 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 noon on January 14 through 11:59 p.m. ET on January 23. 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 69 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 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 4 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 more than 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,” “outlook,” “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 (such as its 2026 outlook and related assumptions, including with regard to the interest forward curve, asset repricing, deposit and loan growth and other matters), including revenues, liquidity, net interest income, other income, provision for credit losses, expenses, operating leverage, effective tax rate, efficiency ratio, capital measures, deposits and assets, as well as strategy, 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. * Website content is not incorporated by reference into this press release. Reporters May Contact: Jocelyn Seidenfeld, Bank of America Phone: 1.646.743.3356 jocelyn.seidenfeld@bofa.com Tim Hurkmans, Bank of America Phone: 1.929.656.1718 tim.hurkmans@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 2024 Annual Report on Form 10-K and in any of the Corporation’s subsequent U.S. Securities and Exchange Commission (SEC) filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory inquiries, demands, requests, investigations, proceedings and enforcement actions, which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation’s anti-money laundering and economic sanctions programs and the processing of electronic payments, including through the Zelle network, and related fraud, which are in various stages; in connection with ongoing litigation, the impact of certain changes to Visa’s and Mastercard’s respective card payment network rules and reductions in interchange fees for U.S.-based merchants; 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 Corporation’s ability to resolve representations and warranties repurchase and related claims; the impact of U.S. and global interest rates (including the potential for ongoing fluctuations in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and / or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, which may have varying effects across industries and geographies, and geopolitical instability; the risks related to the discontinuation of 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 the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation’s assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, which may include unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of trade policies, 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 (including noninterest expense) and expectations regarding revenue, net interest income, operating leverage, other income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; 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, including impacts from the 2025 budget reconciliation legislation; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation’s operations or information systems, or those of various third parties, including regulators and federal and state governments, such as from cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental goals or the impact of any changes in the Corporation's sustainability or human capital management strategy or goals; the impact of uncertain or changing political conditions, federal government shutdowns and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary, trade or regulatory policy; the emergence of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflicts in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), civil unrest, 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. 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. is registered as a futures commission merchant with the CFTC and is a member 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* * Website content is not incorporated by reference into this press release.

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) Year Ended December 31 Fourth Quarter 2025 Third Quarter 2025 Fourth Quarter 2024Summary Income Statement 2025 2024 Net interest income $ 60,096 $ 56,060 $ 15,750 $ 15,233 $ 14,359 Noninterest income 53,001 49,796 12,617 13,807 12,116 Total revenue, net of interest expense 113,097 105,856 28,367 29,040 26,475 Provision for credit losses 5,675 5,821 1,308 1,295 1,452 Noninterest expense 69,727 66,812 17,437 17,337 16,787 Income before income taxes 37,695 33,223 9,622 10,408 8,236 Income tax expense 7,186 6,250 1,975 2,076 1,430 Net income $ 30,509 $ 26,973 $ 7,647 $ 8,332 $ 6,806 Preferred stock dividends 1,454 1,629 328 429 266 Net income applicable to common shareholders $ 29,055 $ 25,344 $ 7,319 $ 7,903 $ 6,540 Average common shares issued and outstanding 7,521.9 7,855.5 7,364.9 7,466.0 7,738.4 Average diluted common shares issued and outstanding 7,680.9 7,935.8 7,546.9 7,627.1 7,843.7 Summary Average Balance Sheet Total cash and cash equivalents $ 285,327 $ 356,942 $ 257,162 $ 289,196 $ 343,557 Total debt securities 930,634 868,709 933,012 932,588 895,903 Total loans and leases 1,136,787 1,060,081 1,170,895 1,153,035 1,081,009 Total earning assets 3,024,272 2,898,868 3,038,880 3,040,188 2,928,730 Total assets 3,410,412 3,282,045 3,427,791 3,433,447 3,315,578 Total deposits 1,984,182 1,924,106 2,012,523 1,991,434 1,957,950 Common shareholders’ equity 274,435 265,980 277,881 275,149 269,905 Total shareholders’ equity 298,474 292,467 303,873 300,381 293,398 Performance Ratios Return on average assets 0.89 % 0.82 % 0.89 % 0.96 % 0.82 % Return on average common shareholders’ equity 10.59 9.53 10.45 11.40 9.64 Return on average tangible common shareholders’ equity (1) 14.22 12.94 13.97 15.29 13.02 Per Common Share Information Earnings $ 3.86 $ 3.23 $ 0.99 $ 1.06 $ 0.85 Diluted earnings 3.81 3.19 0.98 1.04 0.83 Dividends paid 1.08 1.00 0.28 0.28 0.26 Book value 38.44 35.58 38.44 37.72 35.58 Tangible book value (1) 28.73 26.37 28.73 28.16 26.37 Summary Period-End Balance Sheet December 31 2025 September 30 2025 December 31 2024 Total cash and cash equivalents $ 231,845 $ 246,507 $ 290,114 Total debt securities 925,635 936,050 917,284 Total loans and leases 1,185,700 1,165,900 1,095,835 Total earning assets 3,002,415 3,010,704 2,881,259 Total assets 3,410,394 3,403,149 3,261,299 Total deposits 2,018,729 2,002,208 1,965,467 Common shareholders’ equity 277,251 276,445 270,804 Total shareholders’ equity 303,243 302,437 293,963 Common shares issued and outstanding 7,212.5 7,329.4 7,610.9 Year Ended December 31 Fourth Quarter 2025 Third Quarter 2025 Fourth Quarter 2024Credit Quality 2025 2024 Total net charge-offs $ 5,631 $ 6,031 $ 1,287 $ 1,367 $ 1,466 Net charge-offs as a percentage of average loans and leases outstanding (2) 0.50 % 0.57 % 0.44 % 0.47 % 0.54 % Provision for credit losses $ 5,675 $ 5,821 $ 1,308 $ 1,295 $ 1,452 December 31 2025 September 30 2025 December 31 2024 Total nonperforming loans, leases and foreclosed properties (3) $ 5,905 $ 5,470 $ 6,120 Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties (3) 0.50 % 0.47 % 0.56 % Allowance for credit losses $ 14,380 $ 14,361 $ 14,336 Allowance for loan and lease losses 13,203 13,252 13,240 Allowance for loan and lease losses as a percentage of total loans and leases outstanding (2) 1.12 % 1.14 % 1.21 % 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 December 31 2025 September 30 2025 December 31 2024 Regulatory capital metrics (4)(5): Common equity tier 1 capital $ 201,410 $ 202,875 $ 201,083 Common equity tier 1 capital ratio - Standardized approach 11.4 % 11.6 % 11.9 % Common equity tier 1 capital ratio - Advanced approaches 12.8 13.1 13.5 Total capital ratio - Standardized approach 14.7 15.0 15.1 Total capital ratio - Advanced approaches 16.0 16.3 16.4 Tier 1 leverage ratio 6.8 6.8 6.9 Supplementary leverage ratio 5.7 5.8 5.9 Total ending equity to total ending assets ratio 8.9 8.9 9.0 Common equity ratio 8.1 8.1 8.3 Tangible equity ratio (6) 7.0 7.0 7.0 Tangible common equity ratio (6) 6.2 6.2 6.3 (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 common 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) Effective in the fourth quarter of 2025, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of September 30, 2025 or December 31, 2024. For more information, see Endnote F on page 10. (5) Regulatory capital ratios at December 31, 2025 are preliminary. Bank of America Corporation reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. (6) 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) Fourth Quarter 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 11,201 $ 6,618 $ 6,238 $ 5,304 $ (829) Provision for credit losses 1,066 (3) 243 12 (10) Noninterest expense 5,729 4,747 3,118 3,906 (63) Net income 3,304 1,405 2,086 984 (132) Return on average allocated capital (1) 30 % 28 % 16 % 8 % n/m Balance Sheet Average Total loans and leases $ 322,678 $ 256,968 $ 386,319 $ 197,822 $ 7,108 Total deposits 945,394 279,456 656,120 37,875 93,678 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $ 325,871 $ 261,303 $ 388,998 $ 202,733 $ 6,795 Total deposits 956,265 289,854 641,211 40,614 90,785 Third Quarter 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 11,166 $ 6,312 $ 6,189 $ 6,225 $ (698) Provision for credit losses 1,009 4 269 9 4 Noninterest expense 5,575 4,622 3,044 3,895 201 Net income (loss) 3,437 1,265 2,085 1,648 (103) Return on average allocated capital (1) 31 % 26 % 16 % 13 % n/m Balance Sheet Average Total loans and leases $ 320,297 $ 245,523 $ 388,482 $ 190,994 $ 7,739 Total deposits 947,414 276,534 631,560 37,588 98,338 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Period end Total loans and leases $ 321,905 $ 252,986 $ 386,828 $ 196,759 $ 7,422 Total deposits 949,100 278,931 640,801 36,883 96,493 Fourth Quarter 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 10,646 $ 6,002 $ 6,096 $ 4,838 $ (953) Provision for credit losses 1,254 3 190 10 (5) Noninterest expense 5,631 4,438 2,951 3,505 262 Net income 2,821 1,171 2,143 939 (268) Return on average allocated capital (1) 26 % 25 % 17 % 8 % n/m Balance Sheet Average Total loans and leases $ 316,069 $ 228,779 $ 375,345 $ 152,426 $ 8,390 Total deposits 942,302 285,023 581,950 36,958 111,717 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Period end Total loans and leases $ 318,754 $ 231,981 $ 379,473 $ 157,450 $ 8,177 Total deposits 952,311 292,278 578,159 38,848 103,871 (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 Annual Results by Business Segment and All Other (Dollars in millions) Year Ended December 31, 2025 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 43,673 $ 24,883 $ 24,108 $ 24,096 $ (3,054) Provision for credit losses 4,649 35 943 71 (23) Noninterest expense 22,697 18,621 12,416 15,418 575 Net income (loss) 12,245 4,670 7,793 6,111 (310) Return on average allocated capital (1) 28 % 24 % 15 % 13 % n/m Balance Sheet Average Total loans and leases $ 319,312 $ 243,123 $ 385,379 $ 181,334 $ 7,639 Total deposits 948,078 279,776 616,831 38,074 101,423 Allocated capital (1) 44,000 19,750 50,750 49,000 n/m Year end Total loans and leases $ 325,871 $ 261,303 $ 388,998 $ 202,733 $ 6,795 Total deposits 956,265 289,854 641,211 40,614 90,785 Year Ended December 31, 2024 Consumer Banking GWIM Global Banking Global Markets All Other Total revenue, net of interest expense $ 41,436 $ 22,929 $ 23,748 $ 21,812 $ (3,450) Provision for credit losses 4,987 4 883 (32) (21) Noninterest expense 22,104 17,241 11,853 13,926 1,688 Net income (loss) 10,759 4,263 7,984 5,622 (1,655) Return on average allocated capital (1) 25 % 23 % 16 % 12 % n/m Balance Sheet Average Total loans and leases $ 313,792 $ 223,899 $ 373,227 $ 140,557 $ 8,606 Total deposits 945,549 287,491 545,769 34,120 111,177 Allocated capital (1) 43,250 18,500 49,250 45,500 n/m Year end Total loans and leases $ 318,754 $ 231,981 $ 379,473 $ 157,450 $ 8,177 Total deposits 952,311 292,278 578,159 38,848 103,871 (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) Year Ended December 31 Fourth Quarter 2025 Third Quarter 2025 Fourth Quarter 2024FTE basis data (1) 2025 2024 Net interest income $ 60,705 $ 56,679 $ 15,915 $ 15,387 $ 14,513 Total revenue, net of interest expense 113,706 106,475 28,532 29,194 26,629 Net interest yield 2.01 % 1.95 % 2.08 % 2.01 % 1.97 % Efficiency ratio 61.32 62.75 61.11 59.39 63.04 Other Data December 31 2025 September 30 2025 December 31 2024 Number of financial centers - U.S. 3,628 3,649 3,700 Number of branded ATMs - U.S. 14,909 14,920 14,893 Headcount 213,207 213,384 213,193 (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 $609 million and $619 million for the years ended December 31, 2025 and 2024, $165 million and $154 million for the fourth and third quarters of 2025 and $154 million for the fourth quarter of 2024.

Current-period information is preliminary and based on company data available at the time of the presentation. 19 The Corporation evaluates its business using certain non-GAAP financial measures, including pretax, pre-provision income (as defined in Endnote G on page 10) and ratios that utilize tangible equity and tangible assets, each of which is 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 directly comparable financial measures defined by GAAP for the years ended December 31, 2025 and 2024, and the three months ended December 31, 2025, September 30, 2025 and December 31, 2024. 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 these non-GAAP financial measures differently. Bank of America Corporation and Subsidiaries Reconciliations to GAAP Financial Measures (Dollars in millions, except per share information) Year Ended December 31 Fourth Quarter 2025 Third Quarter 2025 Fourth Quarter 2024 2025 2024 Reconciliation of income before income taxes to pretax, pre-provision income Income before income taxes $ 37,695 $ 33,223 $ 9,622 $ 10,408 $ 8,236 Provision for credit losses 5,675 5,821 1,308 1,295 1,452 Pretax, pre-provision income $ 43,370 $ 39,044 $ 10,930 $ 11,703 $ 9,688 Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity Shareholders’ equity $ 298,474 $ 292,467 $ 303,873 $ 300,381 $ 293,398 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,883) (1,961) (1,853) (1,873) (1,932) Related deferred tax liabilities 841 866 827 839 859 Tangible shareholders’ equity $ 228,411 $ 222,351 $ 233,826 $ 230,326 $ 223,304 Preferred stock (24,039) (26,487) (25,992) (25,232) (23,493) Tangible common shareholders’ equity $ 204,372 $ 195,864 $ 207,834 $ 205,094 $ 199,811 Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity Shareholders’ equity $ 303,243 $ 293,963 $ 303,243 $ 302,437 $ 293,963 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,841) (1,919) (1,841) (1,860) (1,919) Related deferred tax liabilities 825 851 825 828 851 Tangible shareholders’ equity $ 233,206 $ 223,874 $ 233,206 $ 232,384 $ 223,874 Preferred stock (25,992) (23,159) (25,992) (25,992) (23,159) Tangible common shareholders’ equity $ 207,214 $ 200,715 $ 207,214 $ 206,392 $ 200,715 Reconciliation of period-end assets to period-end tangible assets Assets $ 3,410,394 $ 3,261,299 $ 3,410,394 $ 3,403,149 $ 3,261,299 Goodwill (69,021) (69,021) (69,021) (69,021) (69,021) Intangible assets (excluding mortgage servicing rights) (1,841) (1,919) (1,841) (1,860) (1,919) Related deferred tax liabilities 825 851 825 828 851 Tangible assets $ 3,340,357 $ 3,191,210 $ 3,340,357 $ 3,333,096 $ 3,191,210 Book value per share of common stock Common shareholders’ equity $ 277,251 $ 270,804 $ 277,251 $ 276,445 $ 270,804 Ending common shares issued and outstanding 7,212.5 7,610.9 7,212.5 7,329.4 7,610.9 Book value per share of common stock $ 38.44 $ 35.58 $ 38.44 $ 37.72 $ 35.58 Tangible book value per share of common stock Tangible common shareholders’ equity $ 207,214 $ 200,715 $ 207,214 $ 206,392 $ 200,715 Ending common shares issued and outstanding 7,212.5 7,610.9 7,212.5 7,329.4 7,610.9 Tangible book value per share of common stock $ 28.73 $ 26.37 $ 28.73 $ 28.16 $ 26.37

Bank of America 4Q25 Financial Results January 14, 2026

Note: IB stands for investment banking. ROA stands for return on average assets. ROE stands for return on average common shareholders’ equity. ROTCE stands for return on average tangible common shareholders’ equity. 1 This presentation reflects the Corporation’s election to change its accounting methods for certain tax-related equity investments effective 4Q25, which were applied on a retrospective basis as disclosed in the Current Report on Form 8-K furnished with the U.S. Securities and Exchange Commission on January 6, 2026. Additionally, certain prior-period financial information in this presentation has been revised to reflect such changes to conform to current-period presentation. For important presentation information, see slide 30. 2 Diluted earnings per share. 3 Operating leverage calculated as the year-over-year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. 4 Revenue, net of interest expense. 5 End of period (EOP). 6 CET1 stands for common equity tier 1 capital. CET1 ratio at December 31, 2025, is preliminary. 7 GLS stands for average Global Liquidity Sources. See note A on slide 27 for definition of Global Liquidity Sources. 8 Represents a non-GAAP financial measure. For important presentation information, see slide 30. 2025 Highlights1 2 Earnings Growth Revenue Growth Balance Sheet Strength Net income $30.5B +13% YoY EPS $3.812 +19% YoY Operating leverage3 2.5% Efficiency ratio 62% improved 146 bps YoY Revenue $113.1B4 +7% YoY Net interest income +7% YoY Sales & trading +11% YoY Asset mgmt. fees +12% YoY IB fees +7% YoY Deposits $2.0T5 +3% YoY Loans $1.2T5 +8% YoY CET1 11.4% well above reg. min.6 Robust liquidity GLS $975B7 0.89% ROA +7 bps YoY 10.6% ROE +106 bps YoY 14.2% ROTCE8 +128 bps YoY

Record sales and trading revenue 15 consecutive quarters of YoY sales and trading revenue growth Record Equities sales and trading revenue 21 consecutive quarters of average loan growth Added ~680,000 net new checking accounts; completed 28 consecutive quarters of net growth ~3.8MM new credit card accounts1 Consumer investment assets of $599B,2 up 16% YoY; over 4MM accounts with $19B flows since 4Q24 Grew average Small Business loans 7% YoY 1 Includes credit cards across Consumer Banking, Small Business, and Global Wealth & Investment Management (GWIM). 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered certificates of deposit (CDs), and assets under management (AUM) in Consumer Banking. GWIM client balances include deposits, loans and leases, AUM, brokerage, and other assets. 3 Investment balances include AUM, brokerage, and other assets. 4 Includes net client flows across Merrill, Private Bank, and Consumer Investments. 5 Source: Dealogic as of December 31, 2025. 6 Includes loans to Global Commercial Banking clients, excluding commercial real estate and specialized industries. #3 investment banking fee ranking5 Treasury service charges increased 13% YoY Grew average Middle Market loans 6% YoY6 Grew average deposits 13% YoY $4.8T client balances,2 up 12% YoY, with AUM balances of $2.2T, up 16% Added ~21,000 net new relationships across Merrill and Private Bank Opened ~114,000 new bank accounts; 64% of clients have banking relationship Continued Organic Growth in 2025 3 Consumer Banking Global Wealth & Investment Management Global Banking Global Markets $6.5T total deposits, loans, and investment balances3 $115B total net wealth spectrum client flows since 4Q244

Note: Amounts may not total due to rounding. N/M stands for not meaningful. 1 For more information on reserve build (release), see note B on slide 27. 2 Represent non-GAAP financial measures. For more information on pretax, pre-provision income and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 27. For important presentation information, see slide 30. Summary Income Statement ($B, except per share data) 4Q25 3Q25 Inc / (Dec) 4Q24 Inc / (Dec) Total revenue, net of interest expense $28.4 $29.0 ($0.7) (2) % $26.5 $1.9 7 % Provision for credit losses 1.3 1.3 — 1 1.5 (0.1) (10) Net charge-offs 1.3 1.4 (0.1) (6) 1.5 (0.2) (12) Reserve build (release)1 — (0.1) 0.1 N/M — — N/M Noninterest expense 17.4 17.3 0.1 1 16.8 0.7 4 Pretax income 9.6 10.4 (0.8) (8) 8.2 1.4 17 Pretax, pre-provision income2 10.9 11.7 (0.8) (7) 9.7 1.2 13 Income tax expense 2.0 2.1 (0.1) (5) 1.4 0.5 38 Net income $7.6 $8.3 ($0.7) (8) $6.8 $0.8 12 Diluted earnings per share $0.98 $1.04 ($0.06) (6) $0.83 $0.15 18 Average diluted common shares (in millions) 7,547 7,627 (80) (1) 7,844 (297) (4) Return Metrics and Efficiency Ratio Return on average assets 0.89 % 0.96 % 0.82 % Return on average common shareholders' equity 10.4 11.4 9.6 Return on average tangible common shareholders' equity2 14.0 15.3 13.0 Efficiency ratio 61 60 63 4Q25 Financial Results 4

• Net income of $7.6B; EPS of $0.98; ROE 10.4%, ROTCE1 14.0% • Revenue, net of interest expense, of $28.4B ($28.5B FTE)1 increased $1.9B, or 7%, reflecting higher net interest income (NII), asset management fees, and sales and trading revenue – NII of $15.8B ($15.9B FTE)1 increased $1.4B, or 10%; up $0.5B, or 3%, vs. 3Q25 – Noninterest income of $12.6B increased $0.5B, or 4%; down $1.2B, or 9%, vs. 3Q25 • Provision for credit losses of $1.3B in 4Q25 vs. $1.3B in 3Q25 and $1.5B in 4Q24 – Net charge-offs (NCOs)2 of $1.3B declined $0.1B from 3Q25 and $0.2B from 4Q24 • Noninterest expense of $17.4B increased $0.7B, or 4% – Operating leverage of 3.3%; efficiency ratio improved to 61% • Balance sheet remained strong – Average deposits of $2.01T increased $55B, or 3% – Average loans and leases of $1.17T increased $90B, or 8% – Average Global Liquidity Sources3 of $975B – CET1 capital of $201B decreased $1B from 3Q25 – CET1 ratio of 11.4%4 vs. 11.6% in 3Q25; well above regulatory minimum – Paid $2.1B in common dividends and repurchased $6.3B of common stock Note: FTE stands for fully taxable-equivalent basis. 1 Represent non-GAAP financial measures. For important presentation information, see slide 30. 2 Excludes loans accounted for under the fair value option. 3 See note A on slide 27 for definition of Global Liquidity Sources. 4 CET1 ratio at December 31, 2025, is preliminary. 4Q25 Highlights (Comparisons to 4Q24, unless otherwise noted) 5

Balance Sheet Metrics 4Q25 3Q25 4Q24 Basel 3 Capital ($B)3,4 4Q25 3Q25 4Q24 Assets ($B) Common equity tier 1 capital $201 $203 $201 Total assets $3,410 $3,403 $3,261 Standardized approach Total loans and leases 1,186 1,166 1,096 Risk-weighted assets (RWA) $1,773 $1,751 $1,696 Cash and cash equivalents 232 247 290 CET1 ratio 11.4 % 11.6 % 11.9 % Total debt securities 926 936 917 Advanced approaches Carried at fair value 403 405 359 Risk-weighted assets $1,568 $1,546 $1,490 Held-to-maturity, at cost 523 531 559 CET1 ratio 12.8 % 13.1 % 13.5 % Supplementary leverage Funding & Liquidity ($B) Supplementary Leverage Ratio 5.7 % 5.8 % 5.9 % Total deposits $2,019 $2,002 $1,965 Long-term debt 318 311 283 Global Liquidity Sources (average)1 975 961 953 Equity ($B) Common shareholders' equity $277 $276 $271 Common equity ratio 8.1 % 8.1 % 8.3 % Tangible common shareholders' equity2 $207 $206 $201 Tangible common equity ratio2 6.2 % 6.2 % 6.3 % Per Share Data Book value per common share $38.44 $37.72 $35.58 Tangible book value per common share2 28.73 28.16 26.37 Common shares outstanding (in billions) 7.21 7.33 7.61 Balance Sheet, Liquidity, and Capital (EOP basis unless noted) 6 • CET1 ratio of 11.4% decreased 23 bps vs. 3Q253 (-12 bp impact from change in accounting method)4 – CET1 capital of $201B decreased $1B – Standardized RWA of $1.8T increased $22B • Book value per share of $38.44 improved 8% from 4Q24; tangible book value per share of $28.73 improved 9% from 4Q242 • Average Global Liquidity Sources of $975B increased $14B from 3Q251 1 See note A on slide 27 for definition of Global Liquidity Sources. 2 Represent non-GAAP financial measures. For important presentation information, see slide 30. 3 Regulatory capital ratios at December 31, 2025, are preliminary. Bank of America Corporation (Corporation) reports regulatory capital ratios under both the Standardized and Advanced approaches. Capital adequacy is evaluated against the lower of the Standardized or Advanced approaches compared to their respective regulatory capital ratio requirements. The Corporation’s binding ratio was the Total capital ratio under the Standardized approach for all periods presented. 4 Effective 4Q25, the Corporation elected to change its accounting methods for certain tax-related equity investments and applied those changes retrospectively through cumulative adjustment to retained earnings. Under applicable bank regulatory rules, the Corporation is not required to revise previously-filed regulatory capital ratios and, accordingly, did not revise regulatory capital information as of 3Q25 or 4Q24. For important presentation information, see slide 30.

Total rate paid Noninterest-bearing Interest-bearing 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 $0.00 $0.75 $1.50 $2.25 0.00% 1.00% 2.00% 3.00% 4.00% Consumer Banking ($B) GWIM ($B) Global Banking ($B) Total Corporation ($T) Average Deposit and Rate Paid Trends 7 Total rate paid Low-interest and noninterest checking Other deposits 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $300 $600 $900 $1,200 0.00% 1.00% 2.00% 3.00% 4.00% Total rate paid Sweep deposits Bank deposits 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $100 $200 $300 2.00% 3.00% 4.00% 5.00% Total rate paid Noninterest-bearing Interest-bearing 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $175 $350 $525 $700 2.00% 3.00% 4.00% 5.00% Note: Total Corporation also includes Global Markets and All Other. 1 Includes Preferred deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 1 1.63% 2.21% 2.52% 1.78% 2.49% 2.80% 0.58% 1.94% 0.64% 2.75% 2.97% $1.88 $1.96 $1.99$2.01 $1,006 $942 $947$945 $295 $285 $277$279 $498 $582 $632$656 0.55%

$1,073 $1,086 $1,121 $1,145 $1,164 316 315 319 320 323 229 232 237 246 257 375 379 388 388 386 152 160 176 191 198 Consumer Banking GWIM Global Banking Global Markets 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $500 $1,000 $1,500 $1,081 $1,094 $1,128 $1,153 $1,171 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $500 $1,000 $1,500 +2% +12% +3% +30% Average Loan and Lease Trends YoY +8% YoY +8% Note: Amounts may not total due to rounding. 1 Total Corporation also includes All Other. 2 Includes residential mortgage and home equity. 3 Includes direct / indirect and other consumer and commercial lease financing. Total Loans and Leases by Product ($B) Loans and Leases in Business Segments ($B)1 Total Loans and Leases by Portfolio ($B)Total Loans and Leases ($B) $461 $462 $470 $473 $478 $620 $632 $658 $680 $692 Consumer Commercial 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $250 $500 $750 8 $1,081 $1,094 $1,128 $1,153 $1,171 405 412 427 443 456 254 254 261 262 263 133 139 149 154 153 122 123 125 126 129101 100 100 101 10367 66 66 66 67 U.S. commercial Home lending Non-U.S. commercial Other Consumer credit card Commercial real estate 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $500 $1,000 $1,500 3 2

• Net interest income of $15.8B ($15.9B FTE)1 – Increased $0.5B from 3Q25, driven by higher NII related to Global Markets (GM) activity, higher deposit and loan balances, and fixed-rate asset repricing, partially offset by the impact of lower interest rates – Increased $1.4B from 4Q24, driven by higher NII related to GM activity, fixed-rate asset repricing, and higher deposit and loan balances, partially offset by the impact of lower interest rates • Net interest yield of 2.08% increased 7 bps from 3Q25 and 11 bps from 4Q24 – Blended cash and securities yield of 3.04% vs. total deposit rate paid of 1.63% – Excluding GM, net interest yield of 2.54%1 • 100 bps parallel shift below the December 31, 2025, forward interest rate yield curve is estimated to reduce net interest income relative to the baseline forecast by $2.0B over the next 12 months2 Net Interest Income (FTE, $B)1 Net Interest Income Note: Amounts may not total due to rounding. 1 Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $1.8B, $1.5B, $1.3B, $1.2B, and $1.0B and average earning assets of $820.3B, $813.2B, $825.8B, $767.6B, and $714.8B for 4Q25, 3Q25, 2Q25, 1Q25, and 4Q24, respectively. The Corporation believes the presentation of NII and 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 30. 2 As of December 31, 2025. NII asset sensitivity represents banking book positions using behavioral deposit changes. See note D on slide 27 for information on asset sensitivity assumptions. Net Interest Yield (FTE)1 1.97% 1.99% 1.94% 2.01% 2.08% 2.42% 2.47% 2.44% 2.48% 2.54% Reported net interest yield Net interest yield excl. GM 4Q24 1Q25 2Q25 3Q25 4Q25 1.50% 2.00% 2.50% 3.00% $14.5 $14.6 $14.8 $15.4 $15.9 $14.4 $14.4 $14.7 $15.2 $15.8 Net interest income (GAAP) FTE adjustment 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $6.0 $12.0 $18.0 9 Net Interest Income Mix (FTE, $B)1 $14.5 $14.6 $14.8 $15.4 $15.9 $13.5 $13.4 $13.5 $13.9 $14.2 NII excl. GM GM NII 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $6.0 $12.0 $18.0

• Efficiency ratio improved YoY to 61%; 3.3% operating leverage in 4Q25 • 4Q25 noninterest expense of $17.4B – Increased $0.7B, or 3.9%, vs. 4Q24, driven by higher revenue-related incentive and transaction expenses, as well as investments in people, brand, and technology – Increased $0.1B, or 0.6%, vs. 3Q25, driven primarily by investments in technology, higher revenue-related expenses, and higher litigation costs, partially offset by a reduction of the FDIC special assessment accrual $16.8 $17.8 $17.2 $17.3 $17.4 10.2 10.9 10.3 10.5 10.6 6.5 6.9 6.9 6.8 6.8 Compensation and benefits Other 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $10.0 $20.0 63% 63% 63% 60% 61% 4Q24 1Q25 2Q25 3Q25 4Q25 50% 55% 60% 65% Total Noninterest Expense ($B) Efficiency Ratio Expense and Efficiency Note: Amounts may not total due to rounding. 10

Asset Quality 1 Excludes loans measured at fair value. 2 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 for Credit Losses ($MM) Net Charge-offs ($MM)1 $1,452 $1,480 $1,592 $1,295 $1,308 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $500 $1,000 $1,500 $2,000 $1,466 $1,452 $1,525 $1,367 $1,287 0.54% 0.54% 0.55% 0.47% 0.44% Net charge-offs Net charge-off ratio 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $500 $1,000 $1,500 $2,000 0.00% 0.25% 0.50% 0.75% 1.00% 11 • Total net charge-offs1 of $1.3B decreased $80MM from 3Q25 – Consumer net charge-offs of $1.0B increased $14MM ▪ Credit card charge-off rate of 3.40% in 4Q25 vs. 3.46% in 3Q25 – Commercial net charge-offs of $295MM decreased $94MM, driven primarily by lower commercial real estate office losses – Net charge-off ratio of 0.44% vs. 0.47% in 3Q25 • Provision for credit losses of $1.3B was flat to 3Q25 – Net reserve build of $21MM in 4Q25 vs. net reserve release of $72MM in 3Q25 • Allowance for loan and lease losses of $13.2B represented 1.12% of total loans and leases1,2 – Total allowance of $14.4B included $1.2B for unfunded commitments • Nonperforming loans of $5.8B increased $0.5B from 3Q25 and decreased $0.2B from 4Q24 • Commercial reservable criticized utilized exposure of $24.7B decreased $1.6B from 3Q25 and $1.7B from 4Q24

Commercial Net Charge-offs ($MM) Consumer Net Charge-offs ($MM) Asset Quality – Consumer and Commercial Portfolios $359 $333 $466 $389 $295 0.23% 0.22% 0.29% 0.23% 0.17% Small business Commercial real estate C&I Commercial NCO ratio 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $200 $400 $600 0.00% 0.20% 0.40% 0.60% $1,107 $1,119 $1,059 $978 $992 0.96% 0.98% 0.90% 0.82% 0.82% Credit card Other Consumer NCO ratio 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $400 $800 $1,200 0.00% 0.50% 1.00% 1.50% Commercial Metrics ($MM) 4Q25 3Q25 4Q24 Provision $390 $437 $370 Reservable criticized utilized exposure 24,748 26,332 26,495 Nonperforming loans and leases 3,228 2,816 3,328 % of loans and leases1 0.46 % 0.41 % 0.53 % Allowance for loans and leases $4,823 $4,800 $4,670 % of loans and leases1 0.69 % 0.70 % 0.75 % Commercial excl. small business NCOs $165 $255 $236 % of loans and leases1 0.10 % 0.16 % 0.16 % Consumer Metrics ($MM) 4Q25 3Q25 4Q24 Provision $918 $858 $1,083 Nonperforming loans and leases 2,576 2,531 2,647 % of loans and leases1 0.53 % 0.53 % 0.57 % Consumer 30+ days performing past due $4,716 $4,494 $4,592 Fully-insured2 450 439 488 Non fully-insured 4,266 4,055 4,104 Consumer 90+ days performing past due 1,563 1,470 1,631 Allowance for loans and leases 8,380 8,452 8,570 % of loans and leases1 1.73 % 1.78 % 1.84 % # times annualized NCOs 2.13 x 2.18 x 1.95 x 12 3 Note: Amounts may not total due to rounding. 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 and commercial lease financing.

Consumer Banking 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 27. For important presentation information, see slide 30. 2 Cost of deposits calculated as annualized noninterest expense as a percentage of total average deposits within the Deposits sub-segment. 3 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and 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 November 2025. Includes clients in Consumer, Small Business, and GWIM. 7 As of November 2025. Represents households with consumer bank login activities in a 90-day period. Inc / (Dec) Summary Income Statement ($MM) 4Q25 3Q25 4Q24 Total revenue, net of interest expense $11,201 $35 $555 Provision for credit losses 1,066 57 (188) Noninterest expense 5,729 154 98 Pretax income 4,406 (176) 645 Pretax, pre-provision income1 5,472 (119) 457 Income tax expense 1,102 (43) 162 Net income $3,304 ($133) $483 Key Indicators ($B) 4Q25 3Q25 4Q24 Average deposits $945.4 $947.4 $942.3 Rate paid on deposits 0.55 % 0.58 % 0.64 % Cost of deposits2 1.47 1.46 1.49 Average loans and leases $322.7 $320.3 $316.1 Net charge-off ratio 1.39 % 1.39 % 1.57 % Net charge-offs ($MM) $1,133 $1,122 $1,246 Reserve build (release) ($MM) (67) (113) 8 Consumer investment assets3 599.1 580.4 517.8 Active mobile banking users (MM) 41.4 41.3 40.0 % Consumer sales through digital channels 69 % 66 % 61 % Number of financial centers 3,628 3,649 3,700 Combined credit / debit purchase volumes4 $254.7 $245.2 $240.9 Total consumer credit card risk-adjusted margin4 7.02 % 7.48 % 7.12 % Return on average allocated capital 30 31 26 Allocated capital $44.0 $44.0 $43.3 Efficiency ratio 51 % 50 % 53 % 13 • Net income of $3.3B • Revenue of $11.2B increased 5% from 4Q24, driven by higher net interest income • Provision for credit losses of $1.1B vs. $1.3B in 4Q24 – Net charge-offs of $1.1B decreased $113MM vs. 4Q24 – Net reserve release of $67MM vs. net reserve build of $8MM in 4Q24 • Noninterest expense of $5.7B increased 2% from 4Q24, driven primarily by investments in the business, including people and brand – Efficiency ratio of 51% • Return on average allocated capital of 30% • Average deposits of $945B increased $3B from 4Q24 – 59% of deposits in checking accounts; 92% are primary accounts5 • Average loans and leases of $323B increased $7B, or 2%, from 4Q24 • Combined credit / debit card spend of $255B increased 6% from 4Q244 • Consumer investment assets of $599B grew $81B, or 16%, vs. 4Q24,3 driven by higher market valuations and $19B of net client flows from new and existing clients • 11.4MM clients enrolled in Preferred Rewards, up 2% from 4Q246 • 79% of households digitally active, up from 78% in 4Q247

• Net income of $1.4B • Revenue of $6.6B increased 10% from 4Q24, driven primarily by higher asset management fees, reflecting higher market valuations and strong AUM flows • Noninterest expense of $4.7B increased 7% vs. 4Q24, driven by revenue-related incentives – Pretax margin of 28% • Return on average allocated capital of 28% • Client balances of $4.8T increased 12% from 4Q24, driven by higher market valuations and positive net client flows – AUM flows of $20B in 4Q25; $82B since 4Q24 • 64% of clients have banking relationship – Average deposits of $279B decreased $6B, or 2%, from 4Q24 – Average loans and leases of $257B increased $28B, or 12%, from 4Q24 • Added ~21,000 net new relationships across Merrill and Private Bank in 2025 • 86% of GWIM households / relationships digitally active across the enterprise2 Global Wealth & Investment Management 1 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 27. For important presentation information, see slide 30. 2 Represents the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. As of November 2025 for Private Bank and as of December 2025 for Merrill. Inc / (Dec) Summary Income Statement ($MM) 4Q25 3Q25 4Q24 Total revenue, net of interest expense $6,618 $306 $616 Provision (benefit) for credit losses (3) (7) (6) Noninterest expense 4,747 125 309 Pretax income 1,874 188 313 Pretax, pre-provision income1 1,871 181 307 Income tax expense 469 48 79 Net income $1,405 $140 $234 Key Indicators ($B) 4Q25 3Q25 4Q24 Average deposits $279.5 $276.5 $285.0 Rate paid on deposits 2.21 % 2.49 % 2.75 % Average loans and leases $257.0 $245.5 $228.8 Net charge-off ratio 0.01 % 0.01 % 0.02 % Net charge-offs ($MM) $5 $8 $10 Reserve build (release) ($MM) (8) (4) (7) AUM flows 20.2 23.5 22.5 Pretax margin 28 % 27 % 26 % Return on average allocated capital 28 26 25 Allocated capital $19.8 $19.8 $18.5 14

Global Banking 1 Global Banking and Global Markets share in certain deal economics from investment banking (IB), loan origination activities, and sales and trading activities. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 27. For important presentation information, see slide 30. Inc / (Dec) Summary Income Statement ($MM) 4Q25 3Q25 4Q24 Total revenue, net of interest expense1 $6,238 $49 $142 Provision for credit losses 243 (26) 53 Noninterest expense 3,118 74 167 Pretax income 2,877 1 (78) Pretax, pre-provision income2 3,120 (25) (25) Income tax expense 791 — (21) Net income $2,086 $1 ($57) Selected Revenue Items ($MM) 4Q25 3Q25 4Q24 Total Corporation IB fees (excl. self-led)1 $1,666 $2,013 $1,654 Global Banking IB fees1 973 1,155 985 Business Lending revenue 2,263 2,236 2,352 Global Transaction Services revenue 2,943 2,739 2,698 Key Indicators ($B) 4Q25 3Q25 4Q24 Average deposits $656.1 $631.6 $582.0 Average loans and leases 386.3 388.5 375.3 Net charge-off ratio 0.17 % 0.26 % 0.23 % Net charge-offs ($MM) $160 $250 $220 Reserve build (release) ($MM) 83 19 (30) Return on average allocated capital 16 % 16 % 17 % Allocated capital $50.8 $50.8 $49.3 Efficiency ratio 50 % 49 % 48 % 15 • Net income of $2.1B • Revenue of $6.2B increased 2% from 4Q24, driven primarily by higher treasury services charges and leasing-related revenue – Total Corporation investment banking fees (excl. self-led) of $1.7B increased 1% vs. 4Q24 • Provision for credit losses of $243MM vs. $190MM in 4Q24 – Net reserve build of $83MM vs. net reserve release of $30MM in 4Q24 – Net charge-offs of $160MM decreased $60MM from 4Q24 • Noninterest expense of $3.1B increased 6% vs. 4Q24, driven by investments in the business, including people and technology – Efficiency ratio of 50% • Return on average allocated capital of 16% • Average deposits of $656B increased $74B, or 13%, from 4Q24 • Average loans and leases of $386B increased $11B, or 3%, from 4Q24

Global Markets1 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 Represent non-GAAP financial measures. Reported fixed income, currencies, and commodities (FICC) sales and trading revenue was $2.5B, $3.1B, and $2.5B for 4Q25, 3Q25, and 4Q24, respectively. Reported Equities sales and trading revenue was $2.0B, $2.3B, and $1.6B for 4Q25, 3Q25, and 4Q24, respectively. See note E on slide 27 and slide 30 for important presentation information. 4 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 27. For important presentation information, see slide 30. 5 See note F on slide 27 for the definition of VaR. Inc / (Dec) Summary Income Statement ($MM) 4Q25 3Q25 4Q24 Total revenue, net of interest expense2 $5,304 ($921) $466 Net DVA (17) (31) 2 Total revenue (excl. net DVA)2,3 5,321 (890) 464 Provision for credit losses 12 3 2 Noninterest expense 3,906 11 401 Pretax income 1,386 (935) 63 Pretax, pre-provision income4 1,398 (932) 65 Income tax expense 402 (271) 18 Net income $984 ($664) $45 Net income (excl. net DVA)3 $997 ($640) $44 Selected Revenue Items ($MM)2 4Q25 3Q25 4Q24 Sales and trading revenue $4,516 $5,362 $4,104 Sales and trading revenue (excl. net DVA)3 4,533 5,348 4,123 FICC (excl. net DVA)3 2,517 3,078 2,480 Equities (excl. net DVA)3 2,016 2,270 1,643 Global Markets IB fees 656 834 639 Key Indicators ($B) 4Q25 3Q25 4Q24 Average total assets $1,026.3 $1,024.3 $918.6 Average trading-related assets 666.6 676.6 620.9 Average 99% VaR ($MM)5 50 66 68 Average loans and leases 197.8 191.0 152.4 Net charge-offs ($MM) — (1) 2 Reserve build ($MM) 12 10 8 Return on average allocated capital 8 % 13 % 8 % Allocated capital $49.0 $49.0 $45.5 Efficiency ratio 74 % 63 % 72 % 16 • Net income of $1.0B (incl. and excl. net DVA)3 • Revenue of $5.3B increased 10% from 4Q24, driven by higher sales and trading revenue • Sales and trading revenue of $4.5B increased 10% from 4Q24, including and excluding net DVA3 – FICC revenue increased 2% to $2.5B (excl. net DVA, up 1%),3 driven by improved performance in macro products – Equities revenue increased 23% to $2.0B (incl. and excl. net DVA),3 driven by increased client activity • Noninterest expense of $3.9B increased 11% vs. 4Q24, driven by higher revenue-related expenses and investments in the business, including people and technology – Efficiency ratio of 74% • Return on average allocated capital of 8% • Average VaR of $50MM in 4Q255

• Net loss of $132MM • The Corporation’s total effective tax rate (ETR) for the quarter was approximately 21%; total corporate ETR for the full year was approximately 19% All Other1 1 All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses, and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. 2 Represents a non-GAAP financial measure. For more information and a reconciliation to the most directly comparable GAAP financial measure, see note C on slide 27. For important presentation information, see slide 30. Inc / (Dec) Summary Income Statement ($MM) 4Q25 3Q25 4Q24 Total revenue, net of interest expense ($829) ($131) $124 Provision (benefit) for credit losses (10) (14) (5) Noninterest expense (benefit) (63) (264) (325) Pretax income (loss) (756) 147 454 Pretax, pre-provision income (loss)2 (766) 133 449 Income tax expense (benefit) (624) 176 318 Net income (loss) ($132) ($29) $136 17

Expect to deliver ~200 bps of operating leverage in 2026 • Expect 1Q26 operating leverage with noninterest expense up ~4% YoY – 1Q includes seasonally-elevated costs (primarily payroll taxes, as well as 1Q vs. 4Q sales & trading revenue strength) Expect FY26 NII (FTE) to grow 5% to 7% YoY1 • Expect 1Q26 NII (FTE) up ~7% YoY – 1Q includes two fewer days of interest accrual vs. 4Q and full impact of December rate cut • Assumes January 9, 2026 forward curve materializes, continued fixed-rate asset repricing, deposit and loan growth 2026 Outlook 18 Note: Outlook on NII, noninterest expense, operating leverage, other income, and effective tax rate are forward-looking statements that are subject to uncertainty and not guarantees of future results or performance. For additional cautionary information about these forward-looking statements, see slide 29. 1 Represents a non-GAAP financial measure. A reconciliation to the most directly comparable GAAP measure is not included as it cannot be prepared without unreasonable effort. For cautionary information in connection with this forward-looking statement, see note G on slide 27. 2 Other income is a component of total noninterest income on the Consolidated Statement of Income. Expect other income of $100MM to $300MM per quarter2 Expect FY26 effective tax rate of ~20% Net Interest Income Operating Leverage and Noninterest Expense Other Items

Total Expense ($B) and Efficiency Total Revenue ($B) Average Deposits ($B) Consumer Investment Assets ($B)2 and Accounts (MM) Average Loans and Leases ($B) Consumer Banking Trends Note: Amounts may not total due to rounding. 1 See slide 28 for business leadership sources. 2 End of period. Consumer investment assets include client brokerage assets, deposit sweep balances, brokered CDs, and AUM in Consumer Banking. $10.6 $10.5 $10.8 $11.2 $11.2 8.5 8.5 8.7 9.0 9.1 2.2 2.0 2.1 2.2 2.1 Net interest income Noninterest income 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $4.0 $8.0 $12.0 $5.6 $5.8 $5.6 $5.6 $5.7 53% 56% 51% 50% 51% Noninterest expense Efficiency ratio 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $2.0 $4.0 $6.0 40% 50% 60% 70% $942 $948 $952 $947 $945 477 478 477 475 471 465 470 475 472 474 Low-interest and noninterest checking Other deposits 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $400 $800 $1,200 $316 $315 $319 $320 $323 115 115 118 117 117 97 97 97 97 99 57 56 57 57 57 22 22 22 22 23 25 26 26 27 27 Residential mortgage Consumer credit card Vehicle lending Home equity Small business / other 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $125 $250 $375 20 $518 $498 $540 $580 $599 3.9 4.0 4.0 4.1 4.1 Assets Accounts 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $250 $500 $750 3.5 4.0 4.5 5.0 Business Leadership1 • No. 1 in U.S. Consumer Deposits(A) • No. 1 Small Business Lender(B) • No. 1 in Retail Banking Advice Satisfaction(C) • No. 1 in Banking Mobile App Satisfaction(D) • Merrill Edge Self-Directed No. 1 for Bank Brokerage(E)

Erica® Active Users and Interactions6 Zelle® vs. Cash and Checks (MM) Digitally-Enabled Sales5Digital Users2 and Households3 Client Digital Interactions (B)4 1,579 1,397 1,789 1,873 49% 49% 61% 69% Digital unit sales (K) Digital as a % of total sales 4Q22 4Q23 4Q24 4Q25 0 500 1,000 1,500 2,000 0% 25% 50% 75% 100% 2.5 2.8 3.1 3.4 3.0 3.3 3.9 4.3 Alerts sent Digital logins 4Q22 4Q23 4Q24 4Q25 0.0 1.0 2.0 3.0 4.0 5.0 44 46 48 49 56 57 58 59 73% 75% 78% 79% Active users (MM) Verified users (MM) Household adoption % 4Q22 4Q23 4Q24 4Q25 20 30 40 50 60 60% 70% 80% 90% 100% Client Engagement Person-to-Person Payments (Zelle®)7 Digital Volumes 273 342 424 474 $81 $101 $127 $144 Transactions (MM) Volume ($B) 4Q22 4Q23 4Q24 4Q25 0 100 200 300 400 500 $0 $50 $100 $150 $200 Consumer1 Digital Update Note: Amounts may not total due to rounding. 1 Includes all households / relationships with consumer platform activity, except where otherwise noted. 2 Digital active users represents Consumer and Merrill mobile and / or online 90-day active users. Verified users represents Consumer and Merrill users with a digital identification and password. 3 Household adoption represents households with consumer bank login activities in a 90-day period, as of November for each quarter presented. 4 Digital logins represents the total number of desktop and mobile banking sessions on the consumer banking platform. Alerts are digital communications sent to clients via SMS, push, and email notifications. 5 Digitally-enabled sales represent sales initiated and / or booked via our digital platforms. 6 Erica engagement represents mobile and online activity across client facing platforms powered by Erica. 7 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. Zelle® users represent 90-day active users. 18.2 21.5 23.7 25.0 users (MM) 21 Digital Adoption 146 170 172 169 Erica® interactions (MM) 4Q22 4Q23 4Q24 4Q25 0 50 100 150 200 239 227 217 202 178 220 270 299 Zelle® sent transactions Cash withdrawn & checks written 4Q22 4Q23 4Q24 4Q25 150 200 250 300 1.5x 16.5 18.5 19.7 20.6 users (MM)

Note: Amounts may not total due to rounding. 1 See slide 28 for business leadership sources. 2 Includes Preferred deposits, other non-sweep Merrill bank deposits, and Private Bank deposits. 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, $44B, $43B, $41B, and $45B for 4Q25, 3Q25, 2Q25, 1Q25, and 4Q24, respectively, are included in both AUM and Deposits. Total client balances only include these balances once. Average Deposits ($B) Global Wealth & Investment Management Trends Business Leadership1 • No. 1 on Forbes' Top Women Wealth Advisors Best-in-State (2025), Best-in-State Wealth Management Teams (2026), Top Next Generation Advisors (2025), and Top Wealth Management Teams High Net Worth (2025) • No. 1 on Barron's Top 1200 Wealth Financial Advisors List (2025) and No. 1 on Barron's Top 100 Women Financial Advisors (2025) • No. 1 on Financial Planning's Top 40 Advisors Under 40 List (2025) • No. 1 in Managed Personal Trust AUM(B) • Best Private Bank in the U.S. and Best Private Bank for Philanthropic Services Globally(F) Average Loans and Leases ($B) Total Revenue ($B) Client Balances ($B)3,4 $6.0 $6.0 $5.9 $6.3 $6.6 1.8 1.8 1.8 1.8 1.9 3.6 3.7 3.6 3.9 4.1 0.6 0.6 0.5 0.6 0.6 Net interest income Asset management fees Brokerage / other 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $3.5 $7.0 1,882 1,856 1,987 2,110 2,178 1,888 1,821 1,932 2,041 2,068 292 285 276 279 290 234 237 243 255 264$4,252 $4,157 $4,395 $4,641 $4,751 AUM Brokerage / other Deposits Loans and leases 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $2,500 $5,000 $229 $232 $237 $246 $257 109 110 111 112 113 51 52 53 54 57 65 68 70 76 84 Consumer real estate Securities-based lending Custom lending Credit card 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $100 $200 $300$285 $286 $277 $277 $279 213 210 203 203 204 72 77 74 74 76 Sweep deposits Bank deposits 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $100 $200 $300 22 2

Erica® Interactions (MM)5 2.2 2.9 3.2 3.4 4Q22 4Q23 4Q24 4Q25 0.0 1.0 2.0 3.0 4.0 Person-to-Person Payments (Zelle®)6 Check Deposits7 eDelivery4Digital Households / Relationships2 Digital Channel Adoption3 77% 79% 81% 83% 4Q22 4Q23 4Q24 4Q25 0% 25% 50% 75% 100% 57% 60% 63% 66% 74% 76% 77% 81% Mobile adoption Online adoption 4Q22 4Q23 4Q24 4Q25 0% 25% 50% 75% 100% 690 728 750 761 82% 84% 85% 86% Digital households / relationships (K) Digital adoption % 4Q22 4Q23 4Q24 4Q25 400 500 600 700 800 60% 70% 80% 90% 100% Client Engagement Digital Volumes Global Wealth & Investment Management Digital Update 23 Digital Adoption1 2.7 3.5 4.4 5.2 $1.5 $2.1 $2.7 $3.3 Transactions (MM) Volume ($B) 4Q22 4Q23 4Q24 4Q25 0.0 2.0 4.0 6.0 $0.0 $1.0 $2.0 $3.0 $4.0 66% 67% 69% 70% 9% 8% 7% 7% 25% 25% 24% 23% Digital ATM Physical 4Q22 4Q23 4Q24 4Q25 0% 25% 50% 75% 100% Note: Amounts may not total due to rounding. 1 Digital Adoption is the percentage of digitally active Merrill primary households ($250K+ in investable assets within the enterprise) and digitally active Private Bank core relationships ($3MM+ in total balances). Merrill excludes Stock Plan and Banking-only households. Private Bank includes third-party activities (effective 1Q23) and excludes Irrevocable Trust-only relationships, Institutional Philanthropic relationships, and exiting relationships. 2 Data as of November for Private Bank and as of December for Merrill for each quarter presented. 3 Digital channel adoption represents the percentage of desktop and mobile banking engagement, as of November for 4Q22. 4Q23, 4Q24, and 4Q25 as of November for Private Bank and as of December for Merrill. 4 GWIM eDelivery percentage includes Merrill Digital Households (excluding Stock Plan, Banking-only households, Retirement-only, and 529-only) and Private Bank relationships that receive statements digitally, as of November for 4Q22, 4Q23, and 4Q24. 4Q25 as of November for Private Bank and as of December for Merrill. Private Bank eDelivery percentage represents relationship enrollment related to Private Bank investment accounts only. 5 Erica interactions represent mobile and online activity across client-facing platforms powered by Erica. 6 Includes Bank of America person-to-person payments sent and received through e-mail or mobile identification. 7 Digital check deposits include mobile check deposits and remote deposit operations. As of November for Private Bank and as of December for Merrill for each quarter presented.

Global Banking Trends Note: Amounts may not total due to rounding. 1 See slide 28 for business leadership sources. 2 Global Banking and Global Markets share in certain deal economics from investment banking, loan origination activities, and sales and trading activities. 3 Total Corporation IB fees excludes self-led deals. Self-led deals of $31MM, $41MM, $70MM, $75MM, and $31MM for 4Q25, 3Q25, 2Q25, 1Q25, and 4Q24, respectively, are embedded within Debt, Equity, and Advisory. 4 Advisory includes fees on debt and equity advisory and mergers and acquisitions. Average Deposits ($B)Business Leadership1 • North America’s Most Innovative Bank – 2025(G) • World’s Best Bank for Small to Medium-sized Enterprises; North America’s Best Transaction Bank and Best Bank for Sustainable Finance(H) • Bank of the Year for Customer Experience(I) • Best Global Bank for Cash Management(G) • 2025 Share Leader and Best Bank Award for U.S. Corporate Banking & Cash Management(J) • Model Bank: An Edge in Actionable Analytics(K) • Best Global Supply Chain Finance Bank in Asia Pacific; Best API Initiative in Asia Pacific(L) • Relationships with 78% of the Global Fortune 500; 96% of the U.S. Fortune 1,000 (2025) Average Loans and Leases ($B) Total Revenue ($B)2 Total Corporation IB Fees ($MM)3 $6.1 $6.0 $5.7 $6.2 $6.2 3.3 3.2 3.1 3.1 3.2 1.0 0.8 0.8 1.2 1.0 0.8 0.8 0.9 0.9 0.9 1.0 1.2 1.0 1.0 1.1 Net interest income IB fees Service charges All other income 4Q24 1Q25 2Q25 3Q25 4Q25 $0.0 $2.5 $5.0 $7.5 765 942 837 1,109 810 364 272 328 362 297 556 384 333 583 590 $1,654 $1,523 $1,428 $2,013 $1,666 Debt Equity Advisory 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $750 $1,500 $2,250 196 196 199 200 199 167 171 177 176 175 $375 $379 $388 $388 $386 Commercial Corporate Business Banking 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $250 $500 4 $582 $575 $603 $632 $656 Noninterest-bearing Interest-bearing 4Q24 1Q25 2Q25 3Q25 4Q25 $0 $250 $500 $750 24 27% 27% 25% 23% 23% 73% 73% 75% 77% 77%

1 Relationship client adoption is the percentage of relationship clients digitally active. Digital active clients represents 90-day active clients across CashPro and BA360 platforms. Data as of one month prior to end of quarter. Relationship clients defined as clients meeting revenue threshold for Global Commercial Banking and Business Banking, and all clients in Global Corporate and Investment Banking. 2 Includes CashPro, BA360, and Global Card Access. BA360 as of November for each quarter presented. 3 Erica technology integrated into CashPro Chat starting in August 2023. 4 Includes CashPro alert volume and CashPro online reports and statements scheduled, BA360 90-day Erica insights and alerts, and Global Card Access alert volume for online and mobile. BA360 as of November for each quarter presented. 5 Percent of U.S. Dollar Investment Grade Debt investor bond orders received and fully processed digitally for Global Capital Markets primary issuances. Capital Markets Digital Bond Orders5 Erica® Interactions on CashPro® Chat (K)3 Proactive Alerts and Insights (MM)4 13% 20% 36% 37% 4Q22 4Q23 4Q24 4Q25 0% 20% 40% 60% 19.2 21.8 23.8 25.1 4Q22 4Q23 4Q24 4Q25 0.0 10.0 20.0 30.0 33.5 37.6 39.2 39.7 1Q25 2Q25 3Q25 4Q25 0.0 15.0 30.0 45.0 CashPro® App PaymentsRelationship Client Adoption1 Mobile App Sign-ins (K)2 $181 $245 $284 $336 3.2 3.7 4.5 5.0 Value ($B) Volume (MM) 4Q22 4Q23 4Q24 4Q25 $0 $100 $200 $300 $400 0.0 2.0 4.0 6.0 8.0 1,403 1,676 2,119 2,620 4Q22 4Q23 4Q24 4Q25 0 1,000 2,000 3,000 86% 86% 86% 86% 1Q25 2Q25 3Q25 4Q25 0% 25% 50% 75% 100% Client Engagement Digital Volumes Global Banking Digital Update 25 Digital Adoption

Note: Amounts may not total due to rounding. S&T stands for sales and trading. 1 See slide 28 for business leadership sources. 2 Represents a non-GAAP financial measure. 2025 Global Markets revenue was $24.1B, both including and excluding net DVA. Reported Global Markets revenue mix and FICC S&T revenue mix percentages were the same including and excluding net DVA. Reported S&T revenue was $20.9B, $18.8B, $17.4B, and $16.5B for 2025, 2024, 2023, and 2022, respectively. Reported FICC S&T revenue was $12.3B, $11.4B, $10.9B, and $9.9B for 2025, 2024, 2023, and 2022, respectively. Reported Equities S&T revenue was $8.6B, $7.4B, $6.5B, and $6.6B for 2025, 2024, 2023, and 2022, respectively. See note E on slide 27 and slide 30 for important presentation information. 3 Macro includes currencies, interest rates, and commodities products. 4 See note F on slide 27 for definition of VaR. Global Markets Trends and Revenue Mix 2025 Global Markets Revenue Mix (excl. net DVA)2 Business Leadership1 • Global Derivatives House of the Year(M) • CLO Trading Desk of the Year(M) • Currency Derivatives House of the Year(N) • Commodity Derivatives House of the Year(O) • North America MBS House of the Year(O) • Best Sell-Side Trading Desk(P) • Equity Derivatives House of the Year(O) • No. 1 Municipal Bonds Underwriter(Q) • No. 2 Top Global Research Firm(R) 2025 Total FICC S&T Revenue Mix (excl. net DVA)2 Total Sales and Trading Revenue (excl. net DVA) ($B)2 Average Trading-Related Assets ($B) and VaR ($MM)4 $16.5 $17.6 $18.9 $20.9 9.9 11.1 11.5 12.3 6.6 6.5 7.5 8.6 FICC Equities 2022 2023 2024 2025 $0.0 $6.0 $12.0 $18.0 $24.0 $601 $618 $634 $678 $118 $73 $67 $72 Avg. trading-related assets Avg. VaR 2022 2023 2024 2025 $0 $200 $400 $600 $800 $0 $50 $100 $150 $200 58% 42% U.S. / Canada International 42% 58% Credit / Other Macro 26 3

A Global Liquidity Sources (GLS) include cash and high-quality, liquid, unencumbered securities, inclusive of U.S. government securities, U.S. agency securities, U.S. agency MBS, and a select group of non-U.S. government and supranational securities, and other investment-grade securities, and are readily available to meet funding requirements as they arise. Transfers of liquidity among legal entities may be subject to certain regulatory and other restrictions. B 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 and other valuation accounts recognized in that period. C 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. D Interest rate sensitivity as of December 31, 2025, reflects the potential pretax impact to forecasted net interest income over the next 12 months from December 31, 2025, resulting from an instantaneous parallel shock to the market-based forward curve. 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 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. The sensitivity analysis incorporates potential movements in customer behavior that could result in changes in both total customer deposit balances and balance mix in various interest rate scenarios. In lower rate scenarios, the analysis assumes that a portion of higher-yielding deposits or market-based funding are replaced with low-cost or noninterest-bearing deposits. 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 ($17MM), $14MM, and ($19MM) for 4Q25, 3Q25, and 4Q24, respectively, and ($35MM), ($113MM), ($236MM), and $20MM for 2025, 2024, 2023, and 2022, respectively. Net DVA gains (losses) included in FICC revenue were ($16MM), $14MM, and ($18MM) for 4Q25, 3Q25, and 4Q24, respectively, and ($41MM), ($97MM), ($226MM), and $19MM for 2025, 2024, 2023, and 2022, respectively. Net DVA gains (losses) included in Equities revenue were ($1MM), $0MM, and ($1MM) for 4Q25, 3Q25, and 4Q24, respectively, and $6MM, ($16MM), ($10MM), and $1MM for 2025, 2024, 2023, and 2022, respectively. F 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 $23MM, $29MM, and $35MM for 4Q25, 3Q25, and 4Q24 respectively, and $32MM, $34MM, $30MM, and $29MM for 2025, 2024, 2023, and 2022, respectively. Beginning in 1Q25, the VaR amounts for all periods presented are those used in the Corporation’s risk management of its trading portfolios. Previously, the VaR amounts presented were those used for regulatory capital. The trading portfolio represents trading assets and liabilities, primarily consisting of regular underwriting or dealing in securities and derivative contracts, and acquiring positions as an accommodation to customers. G Forward-looking statements related to the Corporation’s NII (FTE) outlook are based on the Corporation’s baseline NII forecast that takes into account expected future business growth, ALM positioning, and the future direction of interest rate movements as implied by market-based curves. These statements are not guarantees of future results or performance and involve known and unknown risks, uncertainties, and assumptions that are difficult to predict and are often beyond the Corporation’s control. For more information, see Forward-Looking Statements on slide 29. Notes $ in millions 4Q25 3Q25 4Q24 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 $ 4,406 $ 1,066 $ 5,472 $ 4,582 $ 1,009 $ 5,591 $ 3,761 $ 1,254 $ 5,015 Global Wealth & Investment Management 1,874 (3) 1,871 1,686 4 1,690 1,561 3 1,564 Global Banking 2,877 243 3,120 2,876 269 3,145 2,955 190 3,145 Global Markets 1,386 12 1,398 2,321 9 2,330 1,323 10 1,333 All Other (756) (10) (766) (903) 4 (899) (1,210) (5) (1,215) Total Corporation $ 9,622 $ 1,308 $ 10,930 $ 10,408 $ 1,295 $ 11,703 $ 8,236 $ 1,452 $ 9,688 27

Business Leadership Sources (A) FFIEC Call Reports, 3Q25. (B) FDIC, 3Q25. (C) J.D. Power 2025 U.S. Retail Banking Advice Satisfaction Study measures customer satisfaction with retail bank advice / guidance in the past 12 months. For more information, visit jdpower.com/awards.* (D) J.D. Power 2025 U.S. Mobile App Satisfaction Study measures overall satisfaction with banking app channel in the first quarter of 2025. For more information, visit jdpower.com/ awards.* (E) StockBrokers.com* 2025 Annual Awards. (F) Global Finance Magazine, 4Q25. (G) Global Finance, 2025. (H) Euromoney, 2025. (I) Treasury Management International, 2025. (J) Coalition Greenwich, 2025. (K) Celent, 2025. (L) Asian Banker, 2025. (M) GlobalCapital, 2025. (N) Risk.net*, 2026. (O) IFR, 2025. (P) Global Markets Choice Awards, 2025. (Q) LSEG-Refinitiv, 2025. (R) Extel, 2025. 28 * Website content is not incorporated by reference into this presentation.

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,” “outlook,” “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 (such as its 2026 outlook and related assumptions, including with regard to the interest forward curve, asset repricing, deposit and loan growth and other matters), including revenues, liquidity, net interest income, other income, provision for credit losses, expenses, operating leverage, effective tax rate, efficiency ratio, capital measures, deposits and assets, as well as strategy, 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 2024 Annual Report on Form 10-K and in any of the Corporation’s subsequent U.S. Securities and Exchange Commission (SEC) filings: the Corporation’s potential judgments, orders, settlements, penalties, fines and reputational damage, which are inherently difficult to predict, resulting from pending, threatened or future litigation and regulatory inquiries, demands, requests, investigations, proceedings and enforcement actions, which the Corporation is subject to in the ordinary course of business, including matters related to our processing of unemployment benefits for California and certain other states, the features of our automatic credit card payment service, the adequacy of the Corporation’s anti- money laundering and economic sanctions programs and the processing of electronic payments, including through the Zelle network, and related fraud, which are in various stages; in connection with ongoing litigation, the impact of certain changes to Visa’s and Mastercard’s respective card payment network rules and reductions in interchange fees for U.S.-based merchants; 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 Corporation’s ability to resolve representations and warranties repurchase and related claims; the impact of U.S. and global interest rates (including the potential for ongoing fluctuations in interest rates), inflation, currency exchange rates, economic conditions, trade policies and tensions, including changes in, or the imposition of, tariffs and / or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, which may have varying effects across industries and geographies, and geopolitical instability; the risks related to the discontinuation of 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 the interest rate, inflationary, macroeconomic, banking and regulatory environment on the Corporation’s assets, business, financial condition and results of operations; the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, resulting in worsening economic and market volatility, and regulatory responses thereto; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, which may include unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads, customer behavior, adverse developments with respect to U.S. or global economic conditions and other uncertainties, including the impact of trade policies, 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 (including noninterest expense) and expectations regarding revenue, net interest income, operating leverage, other income, provision for credit losses, net charge-offs, effective tax rate, loan growth or other projections; variances to the underlying assumptions and judgments used in estimating banking book net interest income sensitivity; 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, including impacts from the 2025 budget reconciliation legislation; the impact of implementation and compliance with U.S. and international laws, regulations and regulatory interpretations, including recovery and resolution planning requirements, Federal Deposit Insurance Corporation assessments, the Volcker Rule, fiduciary standards, derivatives regulations and potential changes to loss allocations between financial institutions and customers, including for losses incurred from the use of our products and services, including electronic payments and payment of checks, that were authorized by the customer but induced by fraud; the impact of failures or disruptions in or breaches of the Corporation’s operations or information systems, or those of various third parties, including regulators and federal and state governments, such as from cybersecurity incidents; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learning; the risks related to the transition and physical impacts of climate change; our ability to achieve environmental goals or the impact of any changes in the Corporation's sustainability or human capital management strategy or goals; the impact of uncertain or changing political conditions, federal government shutdowns and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary, trade or regulatory policy; the emergence of widespread health emergencies or pandemics; the impact of natural disasters, extreme weather events, military conflicts (including the Russia / Ukraine conflict, the conflicts in the Middle East, the possible expansion of such conflicts and potential geopolitical consequences), civil unrest, 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. 29

Important Presentation Information 30 • 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. • Effective 4Q25, the Corporation elected to change its accounting methods for its tax-related affordable housing, eligible wind renewable energy, and solar renewable energy equity investments, which were applied on a retrospective basis. The Corporation determined that the new accounting methods are preferable as they better align the financial statement presentation with the economic impact of these equity investments. The primary impact of the accounting changes is a reclassification between income statement line items that nets income tax credits and benefits against the investment expense. For more information, see the Corporation’s Current Report on Form 8-K furnished with the SEC on January 6, 2026. Certain prior-period financial information presented herein for the Consolidated Statement of Income, Consolidated Balance Sheet, segment results, and performance metrics has been revised to reflect such changes to conform to current-period presentation. • The Corporation may present certain metrics and ratios, including year-over-year comparisons of revenue, noninterest expense, pretax income, excluding certain items (e.g., DVA), and ratios utilizing tangible equity and tangible assets, 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 December 31, 2025, and other earnings-related information available through the Bank of America Investor Relations website at: https://investor.bankofamerica.com/quarterly-earnings, the content of which is not incorporated by reference into this presentation. • The Corporation presents certain key financial and nonfinancial performance indicators (KPIs) 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 herein, including in the 2025 Highlights on slide 2, 4Q25 Financial Results on slide 4, and the Summary Income Statement for each segment. • The Corporation also views revenue, 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 $165MM, $154MM, $145MM, $145MM, and $154MM for 4Q25, 3Q25, 2Q25, 1Q25, and 4Q24, 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. 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 1Q25, the Corporation adjusted the amount of capital being allocated to its business segments.