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BANK OF AMERICA CORP /DE/

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

BAC$50.55+2.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Non-GAAP Reconciliations

Tables 48 and 49 provide reconciliations of certain non-GAAP financial measures to GAAP financial measures.

Table 48Annual Reconciliations to GAAP Financial Measures (1)
(Dollars in millions, shares in thousands)202520242023
Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity
Shareholders’ equity$298,474$292,467$281,861
Goodwill(69,021)(69,021)(69,022)
Intangible assets (excluding MSRs)(1,883)(1,961)(2,039)
Related deferred tax liabilities841866893
Tangible shareholders’ equity$228,411$222,351$211,693
Preferred stock(24,039)(26,487)(28,397)
Tangible common shareholders’ equity$204,372$195,864$183,296
Reconciliation of year-end shareholders’ equity to year-end tangible shareholders’ equity and year-end tangible common shareholders’ equity
Shareholders’ equity$303,243$293,963$290,209
Goodwill(69,021)(69,021)(69,021)
Intangible assets (excluding MSRs)(1,841)(1,919)(1,997)
Related deferred tax liabilities825851874
Tangible shareholders’ equity$233,206$223,874$220,065
Preferred stock(25,992)(23,159)(28,397)
Tangible common shareholders’ equity$207,214$200,715$191,668
Reconciliation of year-end assets to year-end tangible assets
Assets$3,411,738$3,261,299$3,180,515
Goodwill(69,021)(69,021)(69,021)
Intangible assets (excluding MSRs)(1,841)(1,919)(1,997)
Related deferred tax liabilities825851874
Tangible assets$3,341,701$3,191,210$3,110,371

(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 31.

Table 49Quarterly Reconciliations to GAAP Financial Measures (1)
2025 Quarters2024 Quarters
(Dollars in millions)FourthThirdSecondFirstFourthThirdSecondFirst
Reconciliation of average shareholders’ equity to average tangible shareholders’ equity andaverage tangible common shareholders’ equity
Shareholders’ equity$303,873$300,381$295,329$294,187$293,398$293,431$291,943$291,074
Goodwill(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)
Intangible assets (excluding MSRs)(1,853)(1,873)(1,893)(1,912)(1,932)(1,951)(1,971)(1,990)
Related deferred tax liabilities827839846851859864869874
Tangible shareholders’ equity$233,826$230,326$225,261$224,105$223,304$223,323$221,820$220,937
Preferred stock(25,992)(25,232)(22,573)(22,307)(23,493)(25,984)(28,113)(28,397)
Tangible common shareholders’ equity$207,834$205,094$202,688$201,798$199,811$197,339$193,707$192,540
Reconciliation of period-end shareholders’ equity toperiod-end tangible shareholders’ equity andperiod-end tangible common shareholders’ equity
Shareholders’ equity$303,243$302,437$298,021$293,949$293,963$294,774$292,340$292,094
Goodwill(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)
Intangible assets (excluding MSRs)(1,841)(1,860)(1,880)(1,899)(1,919)(1,938)(1,958)(1,977)
Related deferred tax liabilities825828842846851859864869
Tangible shareholders’ equity$233,206$232,384$227,962$223,875$223,874$224,674$222,225$221,965
Preferred stock(25,992)(25,992)(23,495)(20,499)(23,159)(24,554)(26,548)(28,397)
Tangible common shareholders’ equity$207,214$206,392$204,467$203,376$200,715$200,120$195,677$193,568
Reconciliation of period-end assets to period-endtangible assets
Assets$3,411,738$3,403,149$3,440,798$3,349,039$3,261,299$3,323,917$3,257,896$3,273,884
Goodwill(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)(69,021)
Intangible assets (excluding MSRs)(1,841)(1,860)(1,880)(1,899)(1,919)(1,938)(1,958)(1,977)
Related deferred tax liabilities825828842846851859864869
Tangible assets$3,341,701$3,333,096$3,370,739$3,278,965$3,191,210$3,253,817$3,187,781$3,203,755

(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 31.

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