BANK OF AMERICA CORP /DE/

(1)In segments where the total of liabilities and equity exceeds assets, which are generally deposit-taking segments, we allocate assets from All Other to those segments to match liabilities (i.e., deposits) and allocated shareholders’ equity. Average allocated assets were $976.8 billion and $987.8 billion for the three and nine months ended September 30, 2026 compared to $994.4 billion and $984.3 billion for the same periods in 2025, and period-end allocated assets were $981.7 billion and $1.0 trillion at September 30, 2026 and December 31, 2025.

All Other primarily consists of asset and liability management (ALM) activities, liquidating businesses and certain expenses not otherwise allocated to a business segment, and adjustments to allocate income tax benefits from tax-related equity investments to noninterest income to present Global Banking and Global Markets on an FTE basis. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to our business segments. For more information on our ALM activities, see Note 17 – Business Segment Information to the Consolidated Financial Statements.

The net loss in All Other increased $1.3 billion to $1.4 billion primarily due to higher noninterest expense.

Noninterest expense increased $1.2 billion due to the non-tax-deductible regulatory settlement charge. The income tax benefit decreased $120 million primarily due to lower tax preference items.

The net loss in All Other increased $1.4 billion to $1.5 billion primarily due to higher noninterest expense.

Noninterest expense increased $1.1 billion, and the income tax benefit decreased $404 million primarily due to the same factors as described in the three-month discussion.