Bank of America (BAC) investor relations material

Opening remarks and agenda

• The meeting was called to order, agenda and rules of conduct were outlined, and polls for voting were opened.

• Remarks were made by the Lead Independent Director, and all Board members were introduced, including recognition of retiring Directors.

• The process for presenting proposals, submitting questions, and voting was explained.

Financial performance review

• 2025 net income reached $30.5 billion, up 13% year-over-year, with $113 billion in revenue and 19% EPS growth.

• Operating leverage of 2.5% was achieved as revenue growth outpaced expenses.

• Average deposit balances rose 3% to $1.98 trillion, and loan/lease balances increased 7% to $1.14 trillion.

• Return on average tangible common equity was 14.2% for 2025; stock performance improved 25%, outpacing the S&P 500.

• Q1 2026 net income was $8.6 billion, up 17% year-over-year, with 16% return on tangible common equity.

Board and executive committee updates

• All 12 Director nominees were up for election; retiring Directors were recognized for their service.

• The Board maintains active oversight of risk management, human capital, and long-term strategy.

• Systematic engagement with shareholders and stakeholders is ongoing to inform Board decisions.