Supplemental Information

Third Quarter 2018

Current period information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America Corporation (the Corporation) does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in the Corporation’s reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC’s website (www.sec.gov) or at the Corporation’s website (www.bankofamerica.com). The Corporation’s future financial performance is subject to risks and uncertainties as described in its SEC filings.

Bank of America Corporation and Subsidiaries
Table of Contents	Page
Consolidated Financial Highlights	2
Consolidated Statement of Income	3
Consolidated Statement of Comprehensive Income	4
Consolidated Balance Sheet	5
Capital Management	7
Quarterly Average Balances and Interest Rates	8
Year-to-Date Average Balances and Interest Rates	10
Debt Securities	12
Supplemental Financial Data	13
Quarterly Results by Business Segment and All Other	14
Year-to-Date Results by Business Segment and All Other	16
Consumer Banking
Total Segment Results	17
Key Indicators	18
Business Results	19
Global Wealth & Investment Management
Total Segment Results	22
Key Indicators	23
Global Banking
Total Segment Results	24
Key Indicators	25
Investment Banking Product Rankings	26
Global Markets
Total Segment Results	27
Key Indicators	28
All Other
Total Results	29
Outstanding Loans and Leases	30
Quarterly Average Loans and Leases by Business Segment and All Other	31
Commercial Credit Exposure by Industry	32
Top 20 Non-U.S. Countries Exposure	33
Nonperforming Loans, Leases and Foreclosed Properties	34
Nonperforming Loans, Leases and Foreclosed Properties Activity	35
Quarterly Net Charge-offs and Net Charge-off Ratios	36
Year-to-Date Net Charge-offs and Net Charge-off Ratios	37
Allocation of the Allowance for Credit Losses by Product Type	38
Exhibit A: Non-GAAP Reconciliations	39

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(In millions, except per share information)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Income statement
Net interest income	$	35,128		$	33,205		$	11,870		$	11,650		$	11,608		$	11,462		$	11,161
Noninterest income	33,383			33,711			10,907			10,959			11,517			8,974			10,678
Total revenue, net of interest expense	68,511			66,916			22,777			22,609			23,125			20,436			21,839
Provision for credit losses	2,377			2,395			716			827			834			1,001			834
Noninterest expense	40,248			41,469			13,067			13,284			13,897			13,274			13,394
Income tax expense	5,017			7,185			1,827			1,714			1,476			3,796			2,187
Net income	20,869			15,867			7,167			6,784			6,918			2,365			5,424
Preferred stock dividends	1,212			1,328			466			318			428			286			465
Net income applicable to common shareholders	19,657			14,539			6,701			6,466			6,490			2,079			4,959
Diluted earnings per common share	1.91			1.36			0.66			0.63			0.62			0.20			0.46
Average diluted common shares issued and outstanding	10,317.9			10,832.1			10,170.8			10,309.4			10,472.7			10,621.8			10,746.7
Dividends paid per common share	$	0.39		$	0.27		$	0.15		$	0.12		$	0.12		$	0.12		$	0.12
Performance ratios
Return on average assets	1.20		%	0.94		%	1.23		%	1.17		%	1.21		%	0.41		%	0.95		%
Return on average common shareholders’ equity	10.86			7.91			10.99			10.75			10.85			3.29			7.89
Return on average shareholders’ equity	10.52			7.84			10.74			10.26			10.57			3.43			7.88
Return on average tangible common shareholders’ equity (1)	15.30			11.10			15.48			15.15			15.26			4.56			10.98
Return on average tangible shareholders’ equity (1)	14.31			10.61			14.61			13.95			14.37			4.62			10.59
At period end
Book value per share of common stock	$	24.33		$	23.87		$	24.33		$	24.07		$	23.74		$	23.80		$	23.87
Tangible book value per share of common stock (1)	17.23			17.18			17.23			17.07			16.84			16.96			17.18
Market price per share of common stock:
Closing price	$	29.46		$	25.34		$	29.46		$	28.19		$	29.99		$	29.52		$	25.34
High closing price for the period	32.84			25.50			31.80			31.22			32.84			29.88			25.45
Low closing price for the period	27.78			22.05			27.78			28.19			29.17			25.45			22.89
Market capitalization	290,424			264,992			290,424			282,259			305,176			303,681			264,992
Number of financial centers - U.S.	4,385			4,515			4,385			4,433			4,452			4,477			4,515
Number of branded ATMs - U.S.	16,089			15,973			16,089			16,050			16,011			16,039			15,973
Headcount	204,681			209,839			204,681			207,992			207,953			209,376			209,839

⁽¹⁾  Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 39-40.)

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 2

Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(In millions, except per share information)
	Nine Months Ended September 30				Third Quarter 2018		Second Quarter 2018		First Quarter 2018		Fourth Quarter 2017			Third Quarter 2017
	2018		2017
Interest income
Loans and leases	$	30,095	$	26,877	$	10,401	$	10,071	$	9,623	$	9,344		$	9,203
Debt securities	8,646		7,764		2,986		2,856		2,804		2,707			2,629
Federal funds sold and securities borrowed or purchased under agreements to resell	2,130		1,658		799		709		622		732			659
Trading account assets	3,506		3,330		1,172		1,198		1,136		1,144			1,091
Other interest income	4,556		2,884		1,607		1,535		1,414		1,139			1,075
Total interest income	48,933		42,513		16,965		16,369		15,599		15,066			14,657
Interest expense
Deposits	2,933		1,252		1,230		943		760		679			624
Short-term borrowings	4,123		2,508		1,526		1,462		1,135		1,030			944
Trading account liabilities	1,040		890		335		348		357		314			319
Long-term debt	5,709		4,658		2,004		1,966		1,739		1,581			1,609
Total interest expense	13,805		9,308		5,095		4,719		3,991		3,604			3,496
Net interest income	35,128		33,205		11,870		11,650		11,608		11,462			11,161
Noninterest income
Card income	4,469		4,347		1,470		1,542		1,457		1,555			1,429
Service charges	5,836		5,863		1,961		1,954		1,921		1,955			1,968
Investment and brokerage services	10,616		10,314		3,494		3,458		3,664		3,522			3,437
Investment banking income	3,979		4,593		1,204		1,422		1,353		1,418			1,477
Trading account profits	6,907		6,124		1,893		2,315		2,699		1,153			1,837
Other income (loss)	1,576		2,470		885		268		423		(629		)	530
Total noninterest income	33,383		33,711		10,907		10,959		11,517		8,974			10,678
Total revenue, net of interest expense	68,511		66,916		22,777		22,609		23,125		20,436			21,839
Provision for credit losses	2,377		2,395		716		827		834		1,001			834
Noninterest expense
Personnel	24,145		24,326		7,721		7,944		8,480		7,605			7,811
Occupancy	3,051		3,000		1,015		1,022		1,014		1,009			999
Equipment	1,278		1,281		421		415		442		411			416
Marketing	1,161		1,235		421		395		345		511			461
Professional fees	1,219		1,417		439		399		381		471			476
Data processing	2,398		2,344		791		797		810		795			777
Telecommunications	522		538		173		166		183		161			170
Other general operating	6,474		7,328		2,086		2,146		2,242		2,311			2,284
Total noninterest expense	40,248		41,469		13,067		13,284		13,897		13,274			13,394
Income before income taxes	25,886		23,052		8,994		8,498		8,394		6,161			7,611
Income tax expense	5,017		7,185		1,827		1,714		1,476		3,796			2,187
Net income	$	20,869	$	15,867	$	7,167	$	6,784	$	6,918	$	2,365		$	5,424
Preferred stock dividends	1,212		1,328		466		318		428		286			465
Net income applicable to common shareholders	$	19,657	$	14,539	$	6,701	$	6,466	$	6,490	$	2,079		$	4,959
Per common share information
Earnings	$	1.93	$	1.44	$	0.67	$	0.64	$	0.63	$	0.20		$	0.49
Diluted earnings	1.91		1.36		0.66		0.63		0.62		0.20			0.46
Dividends paid	0.39		0.27		0.15		0.12		0.12		0.12			0.12
Average common shares issued and outstanding	10,177.5		10,103.4		10,031.6		10,181.7		10,322.4		10,470.7			10,197.9
Average diluted common shares issued and outstanding	10,317.9		10,832.1		10,170.8		10,309.4		10,472.7		10,621.8			10,746.7

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 3

Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018				Fourth Quarter 2017				Third Quarter 2017
	2018			2017
Net income	$	20,869		$	15,867		$	7,167		$	6,784		$	6,918			$	2,365			$	5,424
Other comprehensive income (loss), net-of-tax:
Net change in debt and equity securities	(6,166		)	931			(1,172		)	(1,031		)	(3,963		)	—	(870		)	—	462
Net change in debit valuation adjustments	183			(149		)	(269		)	179			273				(144		)		(80		)
Net change in derivatives	(346		)	156			21			(92		)	(275		)		(92		)		24
Employee benefit plan adjustments	91			80			31			30			30				208				26
Net change in foreign currency translation adjustments	(303		)	102			(114		)	(141		)	(48		)		(16		)		5
Other comprehensive income (loss)	(6,541		)	1,120			(1,503		)	(1,055		)	(3,983		)		(914		)		437
Comprehensive income	$	14,328		$	16,987		$	5,664		$	5,729		$	2,935			$	1,451			$	5,861

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 4

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	September 30 2018			June 30 2018			September 30 2017
Assets
Cash and due from banks	$	27,440		$	29,365		$	30,819
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	157,418			141,834			141,562
Cash and cash equivalents	184,858			171,199			172,381
Time deposits placed and other short-term investments	7,865			8,212			9,493
Federal funds sold and securities borrowed or purchased under agreements to resell	248,237			226,486			217,214
Trading account assets	219,118			203,420			210,319
Derivative assets	45,617			45,210			38,384
Debt securities:
Carried at fair value	251,635			275,256			316,864
Held-to-maturity, at cost	194,472			163,013			122,345
Total debt securities	446,107			438,269			439,209
Loans and leases	929,801			935,824			927,117
Allowance for loan and lease losses	(9,734		)	(10,050		)	(10,693		)
Loans and leases, net of allowance	920,067			925,774			916,424
Premises and equipment, net	9,680			9,537			8,971
Goodwill	68,951			68,951			68,968
Loans held-for-sale	5,576			6,511			13,243
Customer and other receivables	56,962			57,813			55,855
Other assets	125,795			130,288			133,713
Total assets	$	2,338,833		$	2,291,670		$	2,284,174
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	6,145		$	5,692		$	5,142
Loans and leases	44,163			45,483			50,022
Allowance for loan and lease losses	(920		)	(959		)	(1,023		)
Loans and leases, net of allowance	43,243			44,524			48,999
Loans held-for-sale	2			3			66
All other assets	355			396			662
Total assets of consolidated variable interest entities	$	49,745		$	50,615		$	54,869

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 5

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	September 30 2018			June 30 2018			September 30 2017
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	414,853		$	420,995		$	429,861
Interest-bearing	844,204			811,193			776,756
Deposits in non-U.S. offices:
Noninterest-bearing	12,896			14,247			14,126
Interest-bearing	73,696			63,256			63,674
Total deposits	1,345,649			1,309,691			1,284,417
Federal funds purchased and securities loaned or sold under agreements to repurchase	171,600			177,903			189,790
Trading account liabilities	89,964			87,028			86,434
Derivative liabilities	36,189			33,605			31,781
Short-term borrowings	29,035			40,622			32,679
Accrued expenses and other liabilities	170,138			152,010			158,438
Long-term debt	234,100			226,595			228,666
Total liabilities	2,076,675			2,027,454			2,012,205
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,843,140, 3,872,702 and 3,837,683 shares	22,326			23,181			22,323
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 9,858,252,641, 10,012,719,225 and 10,457,473,674 shares	123,921			128,822			142,818
Retained earnings	130,747			125,546			112,996
Accumulated other comprehensive income (loss)	(14,836		)	(13,333		)	(6,168		)
Total shareholders’ equity	262,158			264,216			271,969
Total liabilities and shareholders’ equity	$	2,338,833		$	2,291,670		$	2,284,174
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	905		$	396		$	122
Long-term debt	11,024			9,865			9,457
All other liabilities	39			39			54
Total liabilities of consolidated variable interest entities	$	11,968		$	10,300		$	9,633

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 6

Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	Basel 3
	September 30 2018			June 30 2018			September 30 2017
Risk-based capital metrics (1):
Standardized Approach
Common equity tier 1 capital	$	164,386		$	164,872		$	173,568
Tier 1 capital	186,189			187,506			195,291
Total capital	218,143			220,230			229,779
Risk-weighted assets	1,439,705			1,443,654			1,419,803
Common equity tier 1 capital ratio	11.4		%	11.4		%	12.2		%
Tier 1 capital ratio	12.9			13.0			13.8
Total capital ratio	15.2			15.3			16.2
Advanced Approaches
Common equity tier 1 capital	$	164,386		$	164,872		$	173,568
Tier 1 capital	186,189			187,506			195,291
Total capital	209,919			211,973			220,745
Risk-weighted assets	1,424,338			1,436,949			1,460,151
Common equity tier 1 capital ratio	11.5		%	11.5		%	11.9		%
Tier 1 capital ratio	13.1			13.0			13.4
Total capital ratio	14.7			14.8			15.1
Leverage-based metrics (1)
Adjusted average assets	$	2,240,120		$	2,244,553		$	2,193,471
Tier 1 leverage ratio	8.3		%	8.4		%	8.9		%
Supplementary leverage exposure	$	2,785,138		$	2,803,331		n/a
Supplementary leverage ratio	6.7		%	6.7		%	n/a
Tangible equity ratio (2)	8.5			8.7			9.1
Tangible common equity ratio (2)	7.5			7.7			8.1

⁽¹⁾  Regulatory capital ratios at September 30, 2018 are preliminary. We report regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy. Basel 3 transition provisions for regulatory capital adjustments and deductions were fully phased-in as of January 1, 2018. Prior periods are presented on a fully phased-in basis. SLR requirements became effective January 1, 2018.

⁽²⁾  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 Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 39-40.)

n/a = not applicable

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 7

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Third Quarter 2018						Second Quarter 2018						Third Quarter 2017
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	144,411	$	523	1.44	%	$	144,983	$	487	1.35	%	$	127,835	$	323	1.00	%
Time deposits placed and other short-term investments	8,328		48		2.26		10,015		48		1.91		12,503		68		2.17
Federal funds sold and securities borrowed or purchased under agreements to resell	241,426		799		1.31		251,880		709		1.13		223,585		487		0.86
Trading account assets	128,896		1,195		3.68		132,799		1,232		3.72		124,068		1,125		3.60
Debt securities	445,813		3,014		2.66		429,191		2,885		2.64		436,886		2,670		2.44
Loans and leases (1):
Residential mortgage	209,460		1,857		3.54		206,083		1,798		3.49		199,240		1,724		3.46
Home equity	53,050		656		4.91		54,863		640		4.68		61,225		664		4.31
U.S. credit card	94,710		2,435		10.20		93,531		2,298		9.86		91,602		2,253		9.76
Direct/Indirect and other consumer	91,828		787		3.40		93,620		766		3.28		96,272		706		2.91
Total consumer	449,048		5,735		5.08		448,097		5,502		4.92		448,339		5,347		4.74
U.S. commercial	303,680		3,034		3.97		305,372		2,983		3.92		293,203		2,542		3.44
Non-U.S. commercial	96,019		831		3.43		99,255		816		3.30		95,725		676		2.80
Commercial real estate	60,754		682		4.45		60,653		646		4.27		59,044		552		3.71
Commercial lease financing	21,235		173		3.25		21,441		168		3.14		21,818		160		2.92
Total commercial	481,688		4,720		3.89		486,721		4,613		3.80		469,790		3,930		3.32
Total loans and leases	930,736		10,455		4.46		934,818		10,115		4.34		918,129		9,277		4.02
Other earning assets	72,827		1,082		5.91		78,244		1,047		5.36		76,496		849		4.41
Total earning assets (2)	1,972,437		17,116		3.45		1,981,930		16,523		3.34		1,919,502		14,799		3.06
Cash and due from banks	25,639						25,329						28,990
Other assets, less allowance for loan and lease losses	319,753						315,419						322,612
Total assets	$	2,317,829					$	2,322,678					$	2,271,104

⁽¹⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans are recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

⁽²⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	Third Quarter 2018				Second Quarter 2018				Third Quarter 2017
Federal funds sold and securities borrowed or purchased under agreements to resell		$	(52	)		$	(39	)		$	8
Debt securities		3				—				(5		)
U.S. commercial loans and leases		(8		)		(10		)		(10		)
Net hedge expense on assets		$	(57	)		$	(49	)		$	(7	)

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 8

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Third Quarter 2018						Second Quarter 2018						Third Quarter 2017
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	53,929	$	1	0.01	%	$	55,734	$	2	0.01	%	$	54,328	$	1	0.01	%
NOW and money market deposit accounts	680,285		737		0.43		664,002		536		0.32		631,270		333		0.21
Consumer CDs and IRAs	39,160		40		0.41		39,953		36		0.36		44,239		31		0.27
Negotiable CDs, public funds and other deposits	54,192		275		2.01		44,539		197		1.78		38,119		101		1.05
Total U.S. interest-bearing deposits	827,566		1,053		0.50		804,228		771		0.38		767,956		466		0.24
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	2,353		12		2.06		2,329		11		1.89		2,259		5		0.97
Governments and official institutions	709		—		0.01		1,113		—		0.01		1,012		3		1.04
Time, savings and other	63,179		165		1.04		65,326		161		0.99		63,716		150		0.93
Total non-U.S. interest-bearing deposits	66,241		177		1.07		68,768		172		1.00		66,987		158		0.93
Total interest-bearing deposits	893,807		1,230		0.55		872,996		943		0.43		834,943		624		0.30
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities	264,168		1,526		2.30		272,777		1,462		2.15		270,364		846		1.24
Trading account liabilities	50,904		335		2.60		52,228		348		2.67		48,390		319		2.62
Long-term debt	233,475		2,004		3.42		229,037		1,966		3.44		227,309		1,609		2.82
Total interest-bearing liabilities (1)	1,442,354		5,095		1.40		1,427,038		4,719		1.33		1,381,006		3,398		0.98
Noninterest-bearing sources:
Noninterest-bearing deposits	422,538						427,663						436,768
Other liabilities	188,284						202,796						180,092
Shareholders’ equity	264,653						265,181						273,238
Total liabilities and shareholders’ equity	$	2,317,829					$	2,322,678					$	2,271,104
Net interest spread					2.05	%					2.01	%					2.08	%
Impact of noninterest-bearing sources					0.37						0.37						0.28
Net interest income/yield on earning assets			$	12,021	2.42	%			$	11,804	2.38	%			$	11,401	2.36	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

	Third Quarter 2018			Second Quarter 2018				Third Quarter 2017
NOW and money market deposit accounts		$	1		$	(1	)		$	—
Consumer CDs and IRAs		5			6				6
Negotiable CDs, public funds and other deposits		2			4				3
Banks located in non-U.S. countries		6			4				5
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		30			30				33
Long-term debt		24			(10		)		(393		)
Net hedge (income) expense on liabilities		$	68		$	33			$	(346	)

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 9

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Nine Months Ended September 30
	2018						2017
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	143,229	$	1,432	1.34	%	$	127,000	$	786	0.83	%
Time deposits placed and other short-term investments	9,700		157		2.16		11,820		173		1.96
Federal funds sold and securities borrowed or purchased under agreements to resell	247,183		2,130		1.15		222,255		1,278		0.77
Trading account assets	130,931		3,574		3.65		128,547		3,435		3.57
Debt securities	436,080		8,729		2.62		432,775		7,875		2.42
Loans and leases (1):
Residential mortgage	206,808		5,437		3.51		196,288		5,082		3.45
Home equity	54,941		1,939		4.72		63,339		1,967		4.15
U.S. credit card	94,222		7,046		10.00		90,238		6,492		9.62
Non-U.S. credit card (2)	—		—		—		5,253		358		9.12
Direct/Indirect and other consumer	93,568		2,281		3.26		95,964		2,010		2.80
Total consumer	449,539		16,703		4.96		451,082		15,909		4.71
U.S. commercial	302,981		8,734		3.85		290,632		7,167		3.30
Non-U.S. commercial	98,246		2,385		3.25		93,762		1,886		2.69
Commercial real estate	60,218		1,915		4.25		58,340		1,545		3.54
Commercial lease financing	21,501		516		3.20		21,862		547		3.33
Total commercial	482,946		13,550		3.75		464,596		11,145		3.21
Total loans and leases (2)	932,485		30,253		4.34		915,678		27,054		3.95
Other earning assets	78,431		3,113		5.31		74,554		2,322		4.16
Total earning assets (3)	1,978,039		49,388		3.34		1,912,629		42,923		3.00
Cash and due from banks	25,746						27,955
Other assets, less allowance for loan and lease losses	318,314						316,909
Total assets	$	2,322,099					$	2,257,493

⁽¹⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans are recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

⁽²⁾  The nine months ended September 30, 2017 includes assets of the Corporation’s non-U.S. consumer credit card business, which was sold during the second quarter of 2017.

⁽³⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	Nine Months Ended September 30, 2018				Nine Months Ended September 30, 2017
Federal funds sold and securities borrowed or purchased under agreements to resell		$	(86	)		$	33
Debt securities		—				(52		)
U.S. commercial loans and leases		(27		)		(29		)
Net hedge expense on assets		$	(113	)		$	(48	)

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 10

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Nine Months Ended September 30
	2018						2017
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	54,800	$	4	0.01	%	$	53,679	$	4	0.01	%
NOW and money market deposit accounts	667,851		1,679		0.34		622,920		512		0.11
Consumer CDs and IRAs	40,134		109		0.36		45,535		92		0.27
Negotiable CDs, public funds and other deposits	46,507		629		1.81		35,968		221		0.82
Total U.S. interest-bearing deposits	809,292		2,421		0.40		758,102		829		0.15
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	2,309		32		1.88		2,643		16		0.82
Governments and official institutions	990		—		0.01		1,002		7		0.92
Time, savings and other	65,264		480		0.98		60,747		400		0.88
Total non-U.S. interest-bearing deposits	68,563		512		1.00		64,392		423		0.88
Total interest-bearing deposits	877,855		2,933		0.45		822,494		1,252		0.20
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities	272,192		4,123		2.03		275,731		2,244		1.09
Trading account liabilities	52,815		1,040		2.63		44,128		890		2.70
Long-term debt	230,719		5,709		3.30		224,287		4,658		2.77
Total interest-bearing liabilities (1)	1,433,581		13,805		1.29		1,366,640		9,044		0.88
Noninterest-bearing sources:
Noninterest-bearing deposits	426,972						439,288
Other liabilities	196,444						180,907
Shareholders’ equity	265,102						270,658
Total liabilities and shareholders’ equity	$	2,322,099					$	2,257,493
Net interest spread					2.05	%					2.12	%
Impact of noninterest-bearing sources					0.34						0.24
Net interest income/yield on earning assets			$	35,583	2.39	%			$	33,879	2.36	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

	Nine Months Ended September 30, 2018				Nine Months Ended September 30, 2017
NOW and money market deposit accounts		$	—			$	(1	)
Consumer CDs and IRAs		16				17
Negotiable CDs, public funds and other deposits		9				10
Banks located in non-U.S. countries		15				14
Federal funds purchased, securities loaned or sold under agreements to repurchase, short-term borrowings and other interest-bearing liabilities		89				213
Long-term debt		(232		)		(1,349		)
Net hedge income on liabilities		$	(103	)		$	(1,096	)

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 11

Bank of America Corporation and Subsidiaries
Debt Securities
(Dollars in millions)
	September 30, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	141,721	$	101	$	(5,710	)	$	136,112
Agency-collateralized mortgage obligations	5,878		9		(209		)	5,678
Commercial	14,138		2		(630		)	13,510
Non-agency residential	1,983		217		(6		)	2,194
Total mortgage-backed securities	163,720		329		(6,555		)	157,494
U.S. Treasury and agency securities	54,664		8		(2,366		)	52,306
Non-U.S. securities	7,076		5		(2		)	7,079
Other taxable securities, substantially all asset-backed securities	3,749		77		(7		)	3,819
Total taxable securities	229,209		419		(8,930		)	220,698
Tax-exempt securities	18,401		36		(87		)	18,350
Total available-for-sale debt securities	247,610		455		(9,017		)	239,048
Other debt securities carried at fair value	12,409		205		(27		)	12,587
Total debt securities carried at fair value	260,019		660		(9,044		)	251,635
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities (1)	194,472		1		(6,485		)	187,988
Total debt securities	$	454,491	$	661	$	(15,529	)	$	439,623
	June 30, 2018
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	162,301	$	125	$	(5,426	)	$	157,000
Agency-collateralized mortgage obligations	6,194		13		(172		)	6,035
Commercial	14,156		2		(558		)	13,600
Non-agency residential	2,283		262		(11		)	2,534
Total mortgage-backed securities	184,934		402		(6,167		)	179,169
U.S. Treasury and agency securities	54,758		12		(2,036		)	52,734
Non-U.S. securities	6,659		7		(1		)	6,665
Other taxable securities, substantially all asset-backed securities	4,412		81		(7		)	4,486
Total taxable securities	250,763		502		(8,211		)	243,054
Tax-exempt securities	19,085		82		(102		)	19,065
Total available-for-sale debt securities	269,848		584		(8,313		)	262,119
Other debt securities carried at fair value	12,853		306		(22		)	13,137
Total debt securities carried at fair value	282,701		890		(8,335		)	275,256
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities (1)	163,013		131		(4,913		)	158,231
Total debt securities	$	445,714	$	1,021	$	(13,248	)	$	433,487

⁽¹⁾  During the third quarter of 2018, we transferred available-for-sale securities with an amortized cost of $25.0 billion to held to maturity.

Other Debt Securities Carried at Fair Value
(Dollars in millions)	September 30 2018		June 30 2018
Non-agency residential mortgage-backed securities	$	1,696	$	2,535
Non-U.S. securities (1)	10,888		10,400
Other taxable securities, substantially all asset-backed securities	3		202
Total	$	12,587	$	13,137

⁽¹⁾  These securities are primarily used to satisfy certain international regulatory liquidity requirements.

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 12

Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Fully taxable-equivalent (FTE) basis data (1)
Net interest income	$	35,583		$	33,879		$	12,021		$	11,804		$	11,758		$	11,713		$	11,401
Total revenue, net of interest expense	68,966			67,590			22,928			22,763			23,275			20,687			22,079
Net interest yield	2.39		%	2.36		%	2.42		%	2.38		%	2.39		%	2.39		%	2.36		%
Efficiency ratio	58.36			61.35			56.99			58.36			59.71			64.16			60.67

⁽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 a more accurate picture of 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. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 39-40.)

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 13

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2018
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	12,021	$	6,863	$	1,536	$	2,706		$	754		$	162
Card income	1,470		1,281		33		132			23			1
Service charges	1,961		1,098		19		754			86			4
Investment and brokerage services	3,494		80		3,004		28			388			(6		)
Investment banking income (loss)	1,204		—		88		643			523			(50		)
Trading account profits	1,893		2		24		59			1,727			81
Other income (loss)	885		79		79		416			342			(31		)
Total noninterest income (loss)	10,907		2,540		3,247		2,032			3,089			(1		)
Total revenue, net of interest expense (FTE basis)	22,928		9,403		4,783		4,738			3,843			161
Provision for credit losses	716		870		13		(70		)	(2		)	(95		)
Noninterest expense	13,067		4,355		3,414		2,120			2,612			566
Income (loss) before income taxes (FTE basis)	9,145		4,178		1,356		2,688			1,233			(310		)
Income tax expense (benefit) (FTE basis)	1,978		1,065		346		699			321			(453		)
Net income	$	7,167	$	3,113	$	1,010	$	1,989		$	912		$	143
Average
Total loans and leases	$	930,736	$	284,994	$	161,869	$	352,712		$	71,231		$	59,930
Total assets (1)	2,317,829		759,665		273,581		422,255			652,481			209,847
Total deposits	1,316,345		687,530		238,291		337,685			30,721			22,118
Period end
Total loans and leases	$	929,801	$	287,277	$	162,191	$	352,332		$	73,023		$	54,978
Total assets (1)	2,338,833		765,497		276,146		430,846			646,359			219,985
Total deposits	1,345,649		692,770		239,654		350,748			41,102			21,375
	Second Quarter 2018
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	11,804	$	6,620	$	1,543	$	2,711		$	801		$	129
Card income	1,542		1,342		38		138			25			(1		)
Service charges	1,954		1,072		17		768			90			7
Investment and brokerage services	3,458		80		2,937		18			430			(7		)
Investment banking income (loss)	1,422		—		72		743			651			(44		)
Trading account profits	2,315		2		28		64			2,184			37
Other income (loss)	268		95		74		480			40			(421		)
Total noninterest income (loss)	10,959		2,591		3,166		2,211			3,420			(429		)
Total revenue, net of interest expense (FTE basis)	22,763		9,211		4,709		4,922			4,221			(300		)
Provision for credit losses	827		944		12		(23		)	(1		)	(105		)
Noninterest expense	13,284		4,395		3,395		2,156			2,715			623
Income (loss) before income taxes (FTE basis)	8,652		3,872		1,302		2,789			1,507			(818		)
Income tax expense (benefit) (FTE basis)	1,868		988		332		726			391			(569		)
Net income (loss)	$	6,784	$	2,884	$	970	$	2,063		$	1,116		$	(249	)
Average
Total loans and leases	$	934,818	$	280,689	$	160,833	$	355,088		$	75,053		$	63,155
Total assets (1)	2,322,678		759,982		272,316		423,256			678,500			188,624
Total deposits	1,300,659		687,812		236,214		323,215			30,736			22,682
Period end
Total loans and leases	$	935,824	$	283,565	$	162,034	$	355,473		$	73,496		$	61,256
Total assets (1)	2,291,670		768,187		270,912		424,971			637,110			190,490
Total deposits	1,309,691		695,530		233,925		326,029			31,450			22,757

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 14

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Third Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	11,401	$	6,212	$	1,496	$	2,642		$	899		$	152
Card income	1,429		1,243		40		124			22			—
Service charges	1,968		1,082		19		776			85			6
Investment and brokerage services	3,437		74		2,854		18			496			(5		)
Investment banking income (loss)	1,477		—		100		806			624			(53		)
Trading account profits (loss)	1,837		1		29		(5		)	1,714			98
Other income (loss)	530		162		82		626			61			(401		)
Total noninterest income (loss)	10,678		2,562		3,124		2,345			3,002			(355		)
Total revenue, net of interest expense (FTE basis)	22,079		8,774		4,620		4,987			3,901			(203		)
Provision for credit losses	834		967		16		48			(6		)	(191		)
Noninterest expense	13,394		4,461		3,369		2,119			2,711			734
Income (loss) before income taxes (FTE basis)	7,851		3,346		1,235		2,820			1,196			(746		)
Income tax expense (benefit) (FTE basis)	2,427		1,260		465		1,062			440			(800		)
Net income	$	5,424	$	2,086	$	770	$	1,758		$	756		$	54
Average
Total loans and leases	$	918,129	$	268,810	$	154,333	$	346,093		$	72,347		$	76,546
Total assets (1)	2,271,104		731,077		275,570		414,755			642,428			207,274
Total deposits	1,271,711		658,974		239,647		315,692			32,125			25,273
Period end
Total loans and leases	$	927,117	$	272,360	$	155,871	$	349,838		$	76,225		$	72,823
Total assets (1)	2,284,174		742,513		276,187		423,185			629,222			213,067
Total deposits	1,284,417		669,647		237,771		319,545			33,382			24,072

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 15

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment and All Other
(Dollars in millions)
	Nine Months Ended September 30, 2018
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	35,583	$	19,993	$	4,673	$	8,057		$	2,425		$	435
Card income	4,469		3,902		92		405			70			—
Service charges	5,836		3,214		55		2,285			266			16
Investment and brokerage services	10,616		242		8,981		71			1,306			16
Investment banking income (loss)	3,979		—		244		2,130			1,783			(178		)
Trading account profits	6,907		6		81		184			6,614			22
Other income (loss)	1,576		289		222		1,462			386			(783		)
Total noninterest income (loss)	33,383		7,653		9,675		6,537			10,425			(907		)
Total revenue, net of interest expense (FTE basis)	68,966		27,646		14,348		14,594			12,850			(472		)
Provision for credit losses	2,377		2,749		63		(77		)	(6		)	(352		)
Noninterest expense	40,248		13,231		10,235		6,471			8,145			2,166
Income (loss) before income taxes (FTE basis)	26,341		11,666		4,050		8,200			4,711			(2,286		)
Income tax expense (benefit) (FTE basis)	5,472		2,975		1,033		2,132			1,225			(1,893		)
Net income (loss)	$	20,869	$	8,691	$	3,017	$	6,068		$	3,486		$	(393	)
Average
Total loans and leases	$	932,485	$	281,767	$	160,609	$	353,167		$	73,340		$	63,602
Total assets (1)	2,322,099		755,479		275,182		422,041			669,688			199,709
Total deposits	1,304,827		683,279		239,176		328,484			31,253			22,635
Period end
Total loans and leases	$	929,801	$	287,277	$	162,191	$	352,332		$	73,023		$	54,978
Total assets (1)	2,338,833		765,497		276,146		430,846			646,359			219,985
Total deposits	1,345,649		692,770		239,654		350,748			41,102			21,375
	Nine Months Ended September 30, 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking			Global Markets			All Other
Net interest income (FTE basis)	$	33,879	$	17,953	$	4,653	$	7,786		$	2,812		$	675
Card income	4,347		3,716		110		383			67			71
Service charges	5,863		3,194		57		2,351			245			16
Investment and brokerage services	10,314		233		8,474		72			1,548			(13		)
Investment banking income (loss)	4,593		—		247		2,661			1,879			(194		)
Trading account profits	6,124		2		120		82			5,634			286
Other income (loss)	2,470		469		246		1,645			370			(260		)
Total noninterest income (loss)	33,711		7,614		9,254		7,194			9,743			(94		)
Total revenue, net of interest expense (FTE basis)	67,590		25,567		13,907		14,980			12,555			581
Provision for credit losses	2,395		2,639		50		80			2			(376		)
Noninterest expense	41,469		13,286		10,085		6,435			8,117			3,546
Income (loss) before income taxes (FTE basis)	23,726		9,642		3,772		8,465			4,436			(2,589		)
Income tax expense (benefit) (FTE basis)	7,859		3,636		1,422		3,192			1,553			(1,944		)
Net income (loss)	$	15,867	$	6,006	$	2,350	$	5,273		$	2,883		$	(645	)
Average
Total loans and leases	$	915,678	$	262,804	$	151,205	$	344,683		$	70,692		$	86,294
Total assets (1)	2,257,493		721,245		283,324		414,867			631,684			206,373
Total deposits	1,261,782		649,204		247,389		307,163			32,397			25,629
Period end
Total loans and leases	$	927,117	$	272,360	$	155,871	$	349,838		$	76,225		$	72,823
Total assets (1)	2,284,174		742,513		276,187		423,185			629,222			213,067
Total deposits	1,284,417		669,647		237,771		319,545			33,382			24,072

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 16

Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Net interest income (FTE basis)	$	19,993		$	17,953		$	6,863		$	6,620		$	6,510		$	6,354		$	6,212
Noninterest income:
Card income	3,902			3,716			1,281			1,342			1,279			1,354			1,243
Service charges	3,214			3,194			1,098			1,072			1,044			1,071			1,082
All other income	537			704			161			177			199			176			237
Total noninterest income	7,653			7,614			2,540			2,591			2,522			2,601			2,562
Total revenue, net of interest expense (FTE basis)	27,646			25,567			9,403			9,211			9,032			8,955			8,774
Provision for credit losses	2,749			2,639			870			944			935			886			967
Noninterest expense	13,231			13,286			4,355			4,395			4,481			4,509			4,461
Income before income taxes (FTE basis)	11,666			9,642			4,178			3,872			3,616			3,560			3,346
Income tax expense (FTE basis)	2,975			3,636			1,065			988			922			1,364			1,260
Net income	$	8,691		$	6,006		$	3,113		$	2,884		$	2,694		$	2,196		$	2,086
Net interest yield (FTE basis)	3.73		%	3.52		%	3.78		%	3.68		%	3.73		%	3.61		%	3.56		%
Return on average allocated capital (1)	31			22			33			31			30			24			22
Efficiency ratio (FTE basis)	47.86			51.96			46.30			47.73			49.62			50.35			50.85
Balance Sheet
Average
Total loans and leases	$	281,767		$	262,804		$	284,994		$	280,689		$	279,557		$	275,716		$	268,810
Total earning assets (2)	716,475			682,436			720,652			720,878			707,754			699,004			692,122
Total assets (2)	755,479			721,245			759,665			759,982			746,647			737,755			731,077
Total deposits	683,279			649,204			687,530			687,812			674,351			665,536			658,974
Allocated capital (1)	37,000			37,000			37,000			37,000			37,000			37,000			37,000
Period end
Total loans and leases	$	287,277		$	272,360		$	287,277		$	283,565		$	279,055		$	280,473		$	272,360
Total earning assets (2)	726,494			703,277			726,494			729,036			735,247			709,832			703,277
Total assets (2)	765,497			742,513			765,497			768,187			774,256			749,325			742,513
Total deposits	692,770			669,647			692,770			695,530			701,488			676,530			669,647

⁽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.

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 17

Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Average deposit balances
Checking	$	349,015		$	323,490		$	354,013		$	351,686		$	341,204		$	334,345		$	329,048
Savings	53,139			52,021			52,306			54,052			53,068			52,466			52,687
MMS	241,885			229,773			243,064			242,841			239,714			236,909			234,288
CDs and IRAs	36,247			41,055			35,225			36,173			37,366			38,732			40,067
Non-U.S. and other	2,993			2,865			2,922			3,060			2,999			3,084			2,884
Total average deposit balances	$	683,279		$	649,204		$	687,530		$	687,812		$	674,351		$	665,536		$	658,974
Deposit spreads (excludes noninterest costs)
Checking	2.13		%	1.99		%	2.18		%	2.13		%	2.08		%	2.03		%	2.01		%
Savings	2.41			2.29			2.45			2.40			2.37			2.34			2.35
MMS	2.00			1.54			2.15			2.00			1.85			1.70			1.66
CDs and IRAs	1.99			1.39			2.22			2.02			1.73			1.55			1.48
Non-U.S. and other	2.12			1.31			2.47			2.16			1.73			1.56			1.45
Total deposit spreads	2.10			1.82			2.19			2.10			2.00			1.91			1.88
Client brokerage assets	$	203,882		$	167,274		$	203,882		$	191,472		$	182,110		$	177,045		$	167,274
Active digital banking users (units in thousands) (1)	36,174			34,472			36,174			35,722			35,518			34,855			34,472
Active mobile banking users (units in thousands)	25,990			23,572			25,990			25,335			24,801			24,238			23,572
Financial centers	4,385			4,515			4,385			4,433			4,452			4,477			4,515
ATMs	16,089			15,973			16,089			16,050			16,011			16,039			15,973
Total U.S. credit card(2)
Loans
Average credit card outstandings	$	94,222		$	90,238		$	94,710		$	93,531		$	94,423		$	93,531		$	91,602
Ending credit card outstandings	94,829			92,602			94,829			94,790			93,014			96,274			92,602
Credit quality
Net charge-offs	$	2,138		$	1,858		$	698		$	739		$	701		$	655		$	612
	3.03		%	2.75		%	2.92		%	3.17		%	3.01		%	2.78		%	2.65		%
30+ delinquency	$	1,805		$	1,657		$	1,805		$	1,695		$	1,795		$	1,847		$	1,657
	1.90		%	1.79		%	1.90		%	1.79		%	1.93		%	1.92		%	1.79		%
90+ delinquency	$	872		$	810		$	872		$	865		$	925		$	900		$	810
	0.92		%	0.87		%	0.92		%	0.91		%	0.99		%	0.93		%	0.87		%
Other Total U.S. credit card indicators (2)
Gross interest yield	10.00		%	9.62		%	10.20		%	9.86		%	9.93		%	9.75		%	9.76		%
Risk-adjusted margin	8.18			8.64			8.15			8.07			8.32			8.74			8.63
New accounts (in thousands)	3,496			3,801			1,116			1,186			1,194			1,138			1,315
Purchase volumes	$	194,658		$	179,230		$	66,490		$	66,821		$	61,347		$	65,523		$	62,244
Debit card data
Purchase volumes	$	236,669		$	220,729		$	79,920		$	80,697		$	76,052		$	77,912		$	74,769
Loan production(3)
Total (4):
First mortgage	$	31,778		$	37,876		$	10,682		$	11,672		$	9,424		$	12,705		$	13,183
Home equity	11,229			12,871			3,399			4,081			3,749			4,053			4,133
Consumer Banking:
First mortgage	$	21,053		$	25,679		$	7,208		$	7,881		$	5,964		$	8,386		$	9,044
Home equity	10,042			11,604			3,053			3,644			3,345			3,595			3,722

⁽¹⁾  Digital users represents mobile and/or online users across consumer businesses.

⁽²⁾  In addition to the U.S. credit card portfolio in Consumer Banking, the remaining U.S. credit card portfolio is in GWIM.

⁽³⁾  The above loan production amounts represent the unpaid principal balance of loans and, in the case of home equity, the principal amount of the total line of credit.

⁽⁴⁾  In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 18

Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results
(Dollars in millions)
	Third Quarter 2018
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	6,863		$	4,068		$	2,795
Noninterest income:
Card income	1,281			2			1,279
Service charges	1,098			1,097			1
All other income	161			100			61
Total noninterest income	2,540			1,199			1,341
Total revenue, net of interest expense (FTE basis)	9,403			5,267			4,136
Provision for credit losses	870			48			822
Noninterest expense	4,355			2,618			1,737
Income before income taxes (FTE basis)	4,178			2,601			1,577
Income tax expense (FTE basis)	1,065			663			402
Net income	$	3,113		$	1,938		$	1,175
Net interest yield (FTE basis)	3.78		%	2.35		%	3.95		%
Return on average allocated capital (1)	33			64			19
Efficiency ratio (FTE basis)	46.30			49.70			41.97
Balance Sheet
Average
Total loans and leases	$	284,994		$	5,269		$	279,725
Total earning assets (2)	720,652			685,662			280,637
Total assets (2)	759,665			713,942			291,370
Total deposits	687,530			681,726			5,804
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	287,277		$	5,276		$	282,001
Total earning assets (2)	726,494			690,968			282,921
Total assets (2)	765,497			719,126			293,766
Total deposits	692,770			686,723			6,047
	Second Quarter 2018
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	6,620		$	3,919		$	2,701
Noninterest income:
Card income	1,342			2			1,340
Service charges	1,072			1,072			—
All other income	177			102			75
Total noninterest income	2,591			1,176			1,415
Total revenue, net of interest expense (FTE basis)	9,211			5,095			4,116
Provision for credit losses	944			46			898
Noninterest expense	4,395			2,637			1,758
Income before income taxes (FTE basis)	3,872			2,412			1,460
Income tax expense (FTE basis)	988			616			372
Net income	$	2,884		$	1,796		$	1,088
Net interest yield (FTE basis)	3.68		%	2.29		%	3.92		%
Return on average allocated capital (1)	31			60			17
Efficiency ratio (FTE basis)	47.73			51.76			42.73
Balance Sheet
Average
Total loans and leases	$	280,689		$	5,191		$	275,498
Total earning assets (2)	720,878			686,331			276,436
Total assets (2)	759,982			714,494			287,377
Total deposits	687,812			682,202			5,610
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	283,565		$	5,212		$	278,353
Total earning assets (2)	729,036			693,709			279,399
Total assets (2)	768,187			721,646			290,613
Total deposits	695,530			689,258			6,272

For footnotes, see page 20.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 19

Bank of America Corporation and Subsidiaries
Consumer Banking Quarterly Results (continued)
(Dollars in millions)
	Third Quarter 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	6,212		$	3,440		$	2,772
Noninterest income:
Card income	1,243			1			1,242
Service charges	1,082			1,082			—
All other income	237			97			140
Total noninterest income	2,562			1,180			1,382
Total revenue, net of interest expense (FTE basis)	8,774			4,620			4,154
Provision for credit losses	967			47			920
Noninterest expense	4,461			2,617			1,844
Income before income taxes (FTE basis)	3,346			1,956			1,390
Income tax expense (FTE basis)	1,260			737			523
Net income	$	2,086		$	1,219		$	867
Net interest yield (FTE basis)	3.56		%	2.08		%	4.16		%
Return on average allocated capital (1)	22			40			14
Efficiency ratio (FTE basis)	50.85			56.65			44.40
Balance Sheet
Average
Total loans and leases	$	268,810		$	5,079		$	263,731
Total earning assets (2)	692,122			657,036			264,665
Total assets (2)	731,077			684,642			276,014
Total deposits	658,974			652,286			6,688
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	272,360		$	5,060		$	267,300
Total earning assets (2)	703,277			667,733			268,354
Total assets (2)	742,513			695,403			279,920
Total deposits	669,647			662,781			6,866

⁽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.

⁽²⁾  For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, the Corporation allocates assets from All Other to match the segments’ and businesses’ liabilities and allocated shareholders’ equity. As a result, total earning assets and total assets of the businesses may not equal total Consumer Banking.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 20

Bank of America Corporation and Subsidiaries
Consumer Banking Year-to-Date Results
(Dollars in millions)
	Nine Months Ended September 30, 2018
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	19,993		$	11,728		$	8,265
Noninterest income:
Card income	3,902			6			3,896
Service charges	3,214			3,213			1
All other income	537			310			227
Total noninterest income	7,653			3,529			4,124
Total revenue, net of interest expense (FTE basis)	27,646			15,257			12,389
Provision for credit losses	2,749			135			2,614
Noninterest expense	13,231			7,907			5,324
Income before income taxes (FTE basis)	11,666			7,215			4,451
Income tax expense (FTE basis)	2,975			1,840			1,135
Net income	$	8,691		$	5,375		$	3,316
Net interest yield (FTE basis)	3.73		%	2.30		%	3.99		%
Return on average allocated capital (1)	31			60			18
Efficiency ratio (FTE basis)	47.86			51.83			42.97
Balance Sheet
Average
Total loans and leases	$	281,767		$	5,211		$	276,556
Total earning assets (2)	716,475			681,922			277,295
Total assets (2)	755,479			709,997			288,224
Total deposits	683,279			677,684			5,595
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	287,277		$	5,276		$	282,001
Total earning assets (2)	726,494			690,968			282,921
Total assets (2)	765,497			719,126			293,766
Total deposits	692,770			686,723			6,047
	Nine Months Ended September 30, 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	17,953		$	9,804		$	8,149
Noninterest income:
Card income	3,716			6			3,710
Service charges	3,194			3,193			1
All other income	704			294			410
Total noninterest income	7,614			3,493			4,121
Total revenue, net of interest expense (FTE basis)	25,567			13,297			12,270
Provision for credit losses	2,639			148			2,491
Noninterest expense	13,286			7,708			5,578
Income before income taxes (FTE basis)	9,642			5,441			4,201
Income tax expense (FTE basis)	3,636			2,052			1,584
Net income	$	6,006		$	3,389		$	2,617
Net interest yield (FTE basis)	3.52		%	2.02		%	4.21		%
Return on average allocated capital (1)	22			38			14
Efficiency ratio (FTE basis)	51.96			57.97			45.46
Balance Sheet
Average
Total loans and leases	$	262,804		$	5,025		$	257,779
Total earning assets (2)	682,436			647,887			258,659
Total assets (2)	721,245			675,159			270,196
Total deposits	649,204			642,783			6,421
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	272,360		$	5,060		$	267,300
Total earning assets (2)	703,277			667,733			268,354
Total assets (2)	742,513			695,403			279,920
Total deposits	669,647			662,781			6,866

For footnotes, see page 20.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 21

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Net interest income (FTE basis)	$	4,673		$	4,653		$	1,536		$	1,543		$	1,594		$	1,520		$	1,496
Noninterest income:
Investment and brokerage services	8,981			8,474			3,004			2,937			3,040			2,920			2,854
All other income	694			780			243			229			222			243			270
Total noninterest income	9,675			9,254			3,247			3,166			3,262			3,163			3,124
Total revenue, net of interest expense (FTE basis)	14,348			13,907			4,783			4,709			4,856			4,683			4,620
Provision for credit losses	63			50			13			12			38			6			16
Noninterest expense	10,235			10,085			3,414			3,395			3,426			3,470			3,369
Income before income taxes (FTE basis)	4,050			3,772			1,356			1,302			1,392			1,207			1,235
Income tax expense (FTE basis)	1,033			1,422			346			332			355			463			465
Net income	$	3,017		$	2,350		$	1,010		$	970		$	1,037		$	744		$	770
Net interest yield (FTE basis)	2.42		%	2.32		%	2.38		%	2.43		%	2.46		%	2.32		%	2.29		%
Return on average allocated capital (1)	28			23			28			27			29			21			22
Efficiency ratio (FTE basis)	71.34			72.52			71.40			72.09			70.56			74.10			72.91
Balance Sheet
Average
Total loans and leases	$	160,609		$	151,205		$	161,869		$	160,833		$	159,095		$	157,063		$	154,333
Total earning assets (2)	258,044			267,732			256,285			255,145			262,775			259,550			259,564
Total assets (2)	275,182			283,324			273,581			272,316			279,716			276,153			275,570
Total deposits	239,176			247,389			238,291			236,214			243,077			240,126			239,647
Allocated capital (1)	14,500			14,000			14,500			14,500			14,500			14,000			14,000
Period end
Total loans and leases	$	162,191		$	155,871		$	162,191		$	162,034		$	159,636		$	159,378		$	155,871
Total earning assets (2)	258,561			259,548			258,561			253,910			262,430			267,026			259,548
Total assets (2)	276,146			276,187			276,146			270,912			279,331			284,321			276,187
Total deposits	239,654			237,771			239,654			233,925			241,531			246,994			237,771

⁽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.

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 22

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Nine months ended September 30				Third Quarter 2018		Second Quarter 2018		First Quarter 2018			Fourth Quarter 2017		Third Quarter 2017
	2018		2017
Revenue by Business
Merrill Lynch Global Wealth Management	$	11,780	$	11,452	$	3,924	$	3,860	$	3,996		$	3,836	$	3,796
U.S. Trust	2,567		2,450		859		848		860			845		822
Other	1		5		—		1		—			2		2
Total revenue, net of interest expense (FTE basis)	$	14,348	$	13,907	$	4,783	$	4,709	$	4,856		$	4,683	$	4,620
Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	2,385,479	$	2,245,499	$	2,385,479	$	2,311,598	$	2,284,803		$	2,305,664	$	2,245,499
U.S. Trust	455,894		430,684		455,894		442,608		440,683			446,199		430,684
Total client balances	$	2,841,373	$	2,676,183	$	2,841,373	$	2,754,206	$	2,725,486		$	2,751,863	$	2,676,183
Client Balances by Type, at period end
Assets under management (1)	$	1,144,375	$	1,036,048	$	1,144,375	$	1,101,001	$	1,084,717		$	1,080,747	$	1,036,048
Brokerage and other assets	1,292,219		1,243,858		1,292,219		1,254,135		1,236,799			1,261,990		1,243,858
Deposits	239,654		237,771		239,654		233,925		241,531			246,994		237,771
Loans and leases (2)	165,125		158,506		165,125		165,145		162,439			162,132		158,506
Total client balances	$	2,841,373	$	2,676,183	$	2,841,373	$	2,754,206	$	2,725,486		$	2,751,863	$	2,676,183
Assets Under Management Rollforward
Assets under management, beginning balance	$	1,080,747	$	886,148	$	1,101,001	$	1,084,717	$	1,080,747		$	1,036,048	$	990,709
Net client flows	42,587		77,479		7,572		10,775		24,240			18,228		20,749
Market valuation/other	21,041		72,421		35,802		5,509		(20,270		)	26,471		24,590
Total assets under management, ending balance	$	1,144,375	$	1,036,048	$	1,144,375	$	1,101,001	$	1,084,717		$	1,080,747	$	1,036,048
Associates, at period end(3)
Number of financial advisors	17,456		17,221		17,456		17,442		17,367			17,355		17,221
Total wealth advisors, including financial advisors	19,344		19,108		19,344		19,350		19,276			19,238		19,108
Total primary sales professionals, including financial advisors and wealth advisors	20,437		20,089		20,437		20,422		20,375			20,318		20,089
Merrill Lynch Global Wealth Management Metric
Financial advisor productivity (4) (in thousands)	$	1,030	$	1,009	$	1,035	$	1,017	$	1,038		$	994	$	994
U.S. Trust Metric, at period end
Primary sales professionals	1,711		1,696		1,711		1,723		1,737			1,714		1,696

⁽¹⁾  Defined as managed assets under advisory and/or discretion of GWIM.

⁽²⁾  Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

⁽³⁾  Includes financial advisors in the Consumer Banking segmentof 2,618, 2,622, 2,538, 2,402 and 2,267 at September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, respectively.

⁽⁴⁾  Financial advisor productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue, excluding the allocation of certain asset and liability management (ALM) activities, divided by the total average number of financial advisors (excluding financial advisors in the Consumer Banking segment).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 23

Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Net interest income (FTE basis)	$	8,057		$	7,786		$	2,706		$	2,711		$	2,640		$	2,719		$	2,642
Noninterest income:
Service charges	2,285			2,351			754			768			763			774			776
Investment banking fees	2,130			2,661			643			743			744			811			806
All other income	2,122			2,182			635			700			787			715			763
Total noninterest income	6,537			7,194			2,032			2,211			2,294			2,300			2,345
Total revenue, net of interest expense (FTE basis)	14,594			14,980			4,738			4,922			4,934			5,019			4,987
Provision for credit losses	(77		)	80			(70		)	(23		)	16			132			48
Noninterest expense	6,471			6,435			2,120			2,156			2,195			2,161			2,119
Income before income taxes (FTE basis)	8,200			8,465			2,688			2,789			2,723			2,726			2,820
Income tax expense (FTE basis)	2,132			3,192			699			726			707			1,046			1,062
Net income	$	6,068		$	5,273		$	1,989		$	2,063		$	2,016		$	1,680		$	1,758
Net interest yield (FTE basis)	2.97		%	2.91		%	2.96		%	2.98		%	2.96		%	3.00		%	2.94		%
Return on average allocated capital (1)	20			18			19			20			20			17			17
Efficiency ratio (FTE basis)	44.34			42.97			44.79			43.78			44.47			43.02			42.52
Balance Sheet
Average
Total loans and leases	$	353,167		$	344,683		$	352,712		$	355,088		$	351,689		$	350,262		$	346,093
Total earning assets (2)	362,910			357,999			362,316			364,587			361,822			359,199			357,014
Total assets (2)	422,041			414,867			422,255			423,256			420,594			419,513			414,755
Total deposits	328,484			307,163			337,685			323,215			324,405			329,761			315,692
Allocated capital (1)	41,000			40,000			41,000			41,000			41,000			40,000			40,000
Period end
Total loans and leases	$	352,332		$	349,838		$	352,332		$	355,473		$	355,165		$	350,668		$	349,838
Total earning assets (2)	369,555			364,591			369,555			364,428			365,895			365,560			364,591
Total assets (2)	430,846			423,185			430,846			424,971			424,134			424,533			423,185
Total deposits	350,748			319,545			350,748			326,029			331,238			329,273			319,545

⁽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.

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 24

Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Investment Banking fees (1)
Advisory (2)	$	782		$	1,177		$	237		$	269		$	276		$	381		$	321
Debt issuance	1,018			1,170			295			367			356			336			397
Equity issuance	330			314			111			107			112			94			88
Total Investment Banking fees (3)	$	2,130		$	2,661		$	643		$	743		$	744		$	811		$	806
Business Lending
Corporate	$	3,103		$	3,322		$	960		$	1,093		$	1,050		$	1,065		$	1,127
Commercial	2,974			3,186			1,025			974			975			1,094			1,090
Business Banking	297			301			99			99			99			103			101
Total Business Lending revenue	$	6,374		$	6,809		$	2,084		$	2,166		$	2,124		$	2,262		$	2,318
Global Transaction Services
Corporate	$	2,708		$	2,470		$	914		$	912		$	882		$	852		$	840
Commercial	2,441			2,217			814			811			816			800			758
Business Banking	713			625			244			237			232			224			217
Total Global Transaction Services revenue	$	5,862		$	5,312		$	1,972		$	1,960		$	1,930		$	1,876		$	1,815
Average deposit balances
Interest-bearing	$	124,720		$	80,937		$	140,126		$	120,427		$	113,312		$	106,537		$	94,232
Noninterest-bearing	203,764			226,226			197,559			202,788			211,093			223,224			221,460
Total average deposits	$	328,484		$	307,163		$	337,685		$	323,215		$	324,405		$	329,761		$	315,692
Loan spread	1.52		%	1.59		%	1.48		%	1.54		%	1.53		%	1.56		%	1.56		%
Provision for credit losses	$	(77	)	$	80		$	(70	)	$	(23	)	$	16		$	132		$	48
Credit quality (4, 5)
Reservable criticized utilized exposure	$	10,065		$	13,273		$	10,065		$	10,482		$	11,865		$	12,038		$	13,273
	2.68		%	3.55		%	2.68		%	2.77		%	3.13		%	3.21		%	3.55		%
Nonperforming loans, leases and foreclosed properties	$	746		$	1,123		$	746		$	1,133		$	1,286		$	1,118		$	1,123
	0.21		%	0.32		%	0.21		%	0.32		%	0.36		%	0.32		%	0.32		%
Average loans and leases by product
U.S. commercial	$	201,661		$	199,010		$	201,372		$	202,879		$	200,726		$	201,432		$	197,841
Non-U.S. commercial	78,785			73,753			78,255			79,390			78,716			77,339			76,226
Commercial real estate	50,597			49,064			51,252			50,745			49,777			49,194			49,247
Commercial lease financing	22,121			22,853			21,831			22,069			22,469			22,297			22,778
Other	3			3			2			5			1			—			1
Total average loans and leases	$	353,167		$	344,683		$	352,712		$	355,088		$	351,689		$	350,262		$	346,093
Total Corporation Investment Banking fees
Advisory (2)	$	861		$	1,262		$	262		$	303		$	296		$	429		$	374
Debt issuance	2,385			2,789			684			874			827			846			962
Equity issuance	911			736			307			290			314			204			193
Total investment banking fees including self-led deals	4,157			4,787			1,253			1,467			1,437			1,479			1,529
Self-led deals	(178		)	(194		)	(49		)	(45		)	(84		)	(61		)	(52		)
Total Investment Banking fees	$	3,979		$	4,593		$	1,204		$	1,422		$	1,353		$	1,418		$	1,477

⁽¹⁾  Investment banking fees represent total investment banking fees for Global Banking inclusive of self-led deals and fees included within Business Lending.

⁽²⁾  Advisory includes fees on debt and equity advisory and mergers and acquisitions.

⁽³⁾  Investment banking fees represent only the fee component in Global Banking and do not include certain other items shared with the Investment Banking Group under internal revenue sharing agreements.

⁽⁴⁾  Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown as a percentage of total commercial reservable criticized utilized exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers’ acceptances.

⁽⁵⁾  Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is nonperforming assets divided by loans, leases and foreclosed properties.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 25

Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
	Nine Months Ended September 30, 2018
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	4	5.5	%	4	7.5	%
Announced mergers and acquisitions	5	15.4		6	17.3
Equity capital markets	5	5.7		4	9.0
Debt capital markets	3	5.9		3	10.3
High-yield corporate debt	5	5.7		5	7.5
Leveraged loans	2	7.8		2	9.7
Mortgage-backed securities	3	8.9		5	10.8
Asset-backed securities	2	9.4		2	10.9
Convertible debt	4	8.7		2	16.0
Common stock underwriting	5	5.2		5	7.2
Investment-grade corporate debt	1	6.1		1	12.5
Syndicated loans	2	9.1		2	11.5

Source: Dealogic data as of October 1, 2018. Figures above include self-led transactions.

• Rankings based on deal volumes except for net investment banking revenue rankings which reflect fees.

• Debt capital markets excludes loans but includes agencies.

• Mergers and acquisitions fees included in net investment banking revenue reflect 10 percent fee credit at announcement and 90 percent fee credit at completion as per Dealogic.

• Mergers and acquisitions volume rankings are for announced transactions and provide credit to all investment banks advising either side of the transaction.

• Each advisor receives full credit for the deal amount unless advising a minority stakeholder.

Highlights

Global top 3 rankings in:
Leveraged loans	Investment-grade corporate debt
Mortgage-backed securities	Syndicated loans
Asset-backed securities	Debt capital markets
U.S. top 3 rankings in:
Leveraged loans	Investment-grade corporate debt
Asset-backed securities	Syndicated loans
Convertible debt	Debt capital markets

Top 3 rankings excluding self-led deals:

Global: Leveraged loans, Asset-backed securities, Investment-grade corporate debt, Syndicated loans, Debt capital markets

U.S.: Leveraged loans, Asset-backed securities, Convertible debt, Investment-grade corporate debt, Syndicated loans, Debt capital markets

Current period information is preliminary and based on company data available at the time of the presentation. 26

Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Net interest income (FTE basis)	$	2,425		$	2,812		$	754		$	801		$	870		$	932		$	899
Noninterest income:
Investment and brokerage services	1,306			1,548			388			430			488			501			496
Investment banking fees	1,783			1,879			523			651			609			597			624
Trading account profits	6,614			5,634			1,727			2,184			2,703			1,075			1,714
All other income	722			682			451			155			116			291			168
Total noninterest income	10,425			9,743			3,089			3,420			3,916			2,464			3,002
Total revenue, net of interest expense (FTE basis) (1)	12,850			12,555			3,843			4,221			4,786			3,396			3,901
Provision for credit losses	(6		)	2			(2		)	(1		)	(3		)	162			(6		)
Noninterest expense	8,145			8,117			2,612			2,715			2,818			2,614			2,711
Income before income taxes (FTE basis)	4,711			4,436			1,233			1,507			1,971			620			1,196
Income tax expense (FTE basis)	1,225			1,553			321			391			513			210			440
Net income	$	3,486		$	2,883		$	912		$	1,116		$	1,458		$	410		$	756
Return on average allocated capital (2)	13		%	11		%	10		%	13		%	17		%	5		%	9		%
Efficiency ratio (FTE basis)	63.39			64.64			67.99			64.32			58.87			77.01			69.48
Balance Sheet
Average
Total trading-related assets (3)	$	465,514		$	439,142		$	460,279		$	473,126		$	463,169		$	449,737		$	442,283
Total loans and leases	73,340			70,692			71,231			75,053			73,763			73,552			72,347
Total earning assets (3)	478,455			444,478			459,073			490,482			486,107			464,171			446,754
Total assets	669,688			631,684			652,481			678,500			678,367			659,412			642,428
Total deposits	31,253			32,397			30,721			30,736			32,320			34,250			32,125
Allocated capital (2)	35,000			35,000			35,000			35,000			35,000			35,000			35,000
Period end
Total trading-related assets (3)	$	456,643		$	426,371		$	456,643		$	441,657		$	450,512		$	419,375		$	426,371
Total loans and leases	73,023			76,225			73,023			73,496			75,638			76,778			76,225
Total earning assets (3)	447,304			441,656			447,304			454,706			478,857			449,314			441,656
Total assets	646,359			629,222			646,359			637,110			648,605			629,013			629,222
Total deposits	41,102			33,382			41,102			31,450			32,301			34,029			33,382
Trading-related assets (average)
Trading account securities	$	211,668		$	214,190		$	215,397		$	209,271		$	210,278		$	225,330		$	216,988
Reverse repurchases	127,019			99,998			124,842			132,257			123,948			107,125			101,556
Securities borrowed	80,073			83,770			74,648			83,282			82,376			77,580			81,950
Derivative assets	46,754			41,184			45,392			48,316			46,567			39,702			41,789
Total trading-related assets (3)	$	465,514		$	439,142		$	460,279		$	473,126		$	463,169		$	449,737		$	442,283

⁽¹⁾  Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 28.

⁽²⁾  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.

⁽³⁾  Trading-related assets include derivative assets, which are considered non-earning assets.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 27

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2018		Second Quarter 2018		First Quarter 2018		Fourth Quarter 2017		Third Quarter 2017
	2018		2017
Sales and trading revenue (1)
Fixed-income, currencies and commodities	$	6,702	$	7,068	$	1,982	$	2,106	$	2,614	$	1,597	$	2,152
Equities	3,804		3,170		990		1,311		1,503		942		977
Total sales and trading revenue	$	10,506	$	10,238	$	2,972	$	3,417	$	4,117	$	2,539	$	3,129
Sales and trading revenue, excluding net debit valuation adjustment (2)
Fixed-income, currencies and commodities	$	6,888	$	7,350	$	2,062	$	2,290	$	2,536	$	1,709	$	2,166
Equities	3,832		3,198		1,009		1,306		1,517		948		984
Total sales and trading revenue, excluding net debit valuation adjustment	$	10,720	$	10,548	$	3,071	$	3,596	$	4,053	$	2,657	$	3,150
Sales and trading revenue breakdown
Net interest income	$	2,052	$	2,455	$	634	$	675	$	743	$	805	$	777
Commissions	1,274		1,525		378		420		476		492		487
Trading	6,612		5,631		1,727		2,183		2,702		1,075		1,712
Other	568		627		233		139		196		167		153
Total sales and trading revenue	$	10,506	$	10,238	$	2,972	$	3,417	$	4,117	$	2,539	$	3,129

⁽¹⁾  Includes Global Banking sales and trading revenue of $307 million and $175 million for the nine months ended September 30, 2018 and 2017; $66 million, $75 million and $166 million for the third, second and first quarters of 2018, and $61 million for both the fourth and third quarters of 2017, respectively.

⁽²⁾  For this presentation, sales and trading revenue excludes net debit valuation adjustment (DVA) gains (losses) which include net DVA on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities. Sales and trading revenue excluding net DVA gains (losses) represents a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional useful information to assess the underlying performance of these businesses and to allow better comparison of period-to-period operating performance.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 28

Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Net interest income (FTE basis)	$	435		$	675		$	162		$	129		$	144		$	188		$	152
Noninterest income (loss)	(907		)	(94		)	(1		)	(429		)	(477		)	(1,554		)	(355		)
Total revenue, net of interest expense (FTE basis)	(472		)	581			161			(300		)	(333		)	(1,366		)	(203		)
Provision for credit losses	(352		)	(376		)	(95		)	(105		)	(152		)	(185		)	(191		)
Noninterest expense	2,166			3,546			566			623			977			520			734
Loss before income taxes (FTE basis)	(2,286		)	(2,589		)	(310		)	(818		)	(1,158		)	(1,701		)	(746		)
Income tax expense (benefit) (FTE basis)	(1,893		)	(1,944		)	(453		)	(569		)	(871		)	964			(800		)
Net income (loss)	$	(393	)	$	(645	)	$	143		$	(249	)	$	(287	)	$	(2,665	)	$	54
Balance Sheet
Average
Total loans and leases	$	63,602		$	86,294		$	59,930		$	63,155		$	67,811		$	71,197		$	76,546
Total assets (2)	199,709			206,373			209,847			188,624			200,554			208,854			207,274
Total deposits	22,635			25,629			22,118			22,682			23,115			23,899			25,273
Period end
Total loans and leases	$	54,978		$	72,823		$	54,978		$	61,256		$	64,584		$	69,452		$	72,823
Total assets (3)	219,985			213,067			219,985			190,490			202,152			194,042			213,067
Total deposits	21,375			24,072			21,375			22,757			22,106			22,719			24,072

⁽¹⁾  All Other consists of ALM activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the MSR valuation model for core and non-core MSRs and the related economic hedge results, liquidating businesses and residual expense allocations. ALM activities encompass certain residential mortgages, debt securities, interest rate and foreign currency risk management activities, the impact of certain allocation methodologies and hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture, as well as a portfolio of equity, real estate and other alternative investments.

⁽²⁾  Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $516.8 billion and $517.9 billion for the nine months ended September 30, 2018 and 2017; and $516.3 billion, $519.6 billion, $514.6 billion, $508.6 billion and $510.1 billion for the third, second and first quarters of 2018, and the fourth and third quarters of 2017, respectively.

⁽³⁾  Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders’ equity of $531.3 billion, $522.2 billion, $543.3 billion, $520.4 billion and $515.0 billion at September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, respectively.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 29

Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	September 30 2018		June 30 2018		September 30 2017
Consumer
Residential mortgage	$	208,186	$	207,564	$	199,446
Home equity	51,235		53,587		59,752
U.S. credit card	94,829		94,790		92,602
Direct/Indirect consumer (1)	91,338		92,621		95,652
Other consumer (2)	203		167		163
Total consumer loans excluding loans accounted for under the fair value option	445,791		448,729		447,615
Consumer loans accounted for under the fair value option (3)	755		848		978
Total consumer	446,546		449,577		448,593
Commercial
U.S. commercial	285,662		289,741		282,677
Non-U.S. commercial	96,002		94,450		95,896
Commercial real estate (4)	60,835		61,073		59,628
Commercial lease financing	21,546		21,399		21,413
	464,045		466,663		459,614
U.S. small business commercial (5)	14,234		14,205		13,603
Total commercial loans excluding loans accounted for under the fair value option	478,279		480,868		473,217
Commercial loans accounted for under the fair value option (3)	4,976		5,379		5,307
Total commercial	483,255		486,247		478,524
Total loans and leases	$	929,801	$	935,824	$	927,117

⁽¹⁾  Includes auto and specialty lending loans and leases of $50.1 billion, $50.2 billion and $52.3 billion, unsecured consumer lending loans of $392 million, $410 million and $484 million, U.S. securities-based lending loans of $37.4 billion, $38.4 billion and $39.3 billion, non-U.S. consumer loans of $2.7 billion, $2.8 billion and $2.9 billion and other consumer loans of $756 million, $769 million and $682 million at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽²⁾  Substantially all of other consumer is consumer overdrafts.

⁽³⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $407 million, $489 million and $615 million and home equity loans of $348 million, $359 million and $363 million at September 30, 2018, June 30, 2018 and September 30, 2017, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $3.6 billion, $3.5 billion and $2.8 billion and non-U.S. commercial loans of $1.4 billion, $1.9 billion and $2.5 billion at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽⁴⁾  Includes U.S. commercial real estate loans of $56.9 billion, $57.1 billion and $55.5 billion and non-U.S. commercial real estate loans of $3.9 billion, $4.0 billion and $4.2 billion at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽⁵⁾  Includes card-related products.

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 30

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2018
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	209,460	$	86,383	$	74,806	$	1	$	—	$	48,270
Home equity	53,050		37,289		3,701		—		353		11,707
U.S. credit card	94,710		91,646		3,064		—		—		—
Direct/Indirect and other consumer	91,828		50,528		41,296		1		—		3
Total consumer	449,048		265,846		122,867		2		353		59,980
Commercial
U.S. commercial	303,680		19,134		35,392		201,372		47,288		494
Non-U.S. commercial	96,019		—		24		78,255		17,696		44
Commercial real estate	60,754		14		3,583		51,252		5,894		11
Commercial lease financing	21,235		—		3		21,831		—		(599		)
Total commercial	481,688		19,148		39,002		352,710		70,878		(50		)
Total loans and leases	$	930,736	$	284,994	$	161,869	$	352,712	$	71,231	$	59,930
	Second Quarter 2018
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	206,083	$	81,402	$	73,663	$	4	$	—	$	51,014
Home equity	54,863		38,239		3,829		—		365		12,430
U.S. credit card	93,531		90,481		3,050		—		—		—
Direct/Indirect and other consumer	93,620		51,602		42,011		1		—		6
Total consumer	448,097		261,724		122,553		5		365		63,450
Commercial
U.S. commercial	305,372		18,950		34,440		202,879		48,827		276
Non-U.S. commercial	99,255		—		24		79,390		19,800		41
Commercial real estate	60,653		15		3,813		50,745		6,061		19
Commercial lease financing	21,441		—		3		22,069		—		(631		)
Total commercial	486,721		18,965		38,280		355,083		74,688		(295		)
Total loans and leases	$	934,818	$	280,689	$	160,833	$	355,088	$	75,053	$	63,155
	Third Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	199,240	$	68,167	$	69,518	$	—	$	—	$	61,555
Home equity	61,225		41,585		4,395		—		364		14,881
U.S. credit card	91,602		88,614		2,988		—		—		—
Direct/Indirect and other consumer	96,272		52,416		42,994		1		—		861
Total consumer	448,339		250,782		119,895		1		364		77,297
Commercial
U.S. commercial	293,203		18,007		30,999		197,841		46,112		244
Non-U.S. commercial	95,725		1		24		76,226		19,437		37
Commercial real estate	59,044		20		3,412		49,247		6,328		37
Commercial lease financing	21,818		—		3		22,778		106		(1,069		)
Total commercial	469,790		18,028		34,438		346,092		71,983		(751		)
Total loans and leases	$	918,129	$	268,810	$	154,333	$	346,093	$	72,347	$	76,546

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 31

Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3, 4)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	September 30 2018		June 30 2018		September 30 2017		September 30 2018		June 30 2018		September 30 2017
Asset managers and funds	$	68,733	$	67,210	$	57,231	$	103,066	$	103,136	$	87,442
Real estate (5)	64,460		64,899		64,030		90,664		89,400		85,351
Capital goods	40,327		39,876		35,919		74,720		75,092		67,385
Government and public education	44,436		45,827		46,537		55,296		55,565		56,494
Healthcare equipment and services	34,943		35,299		38,201		54,889		57,893		57,425
Finance companies	33,549		34,173		34,857		53,375		54,010		53,406
Materials	25,727		26,261		24,463		49,461		50,435		47,546
Retailing	25,714		25,689		27,136		47,823		45,591		48,847
Food, beverage and tobacco	23,199		24,226		23,471		45,166		43,803		42,650
Consumer services	24,975		26,285		27,446		42,276		43,913		42,410
Commercial services and supplies	21,861		22,265		22,137		37,644		36,834		35,448
Energy	16,319		16,181		16,251		34,462		35,163		36,629
Transportation	21,887		21,425		21,781		30,694		30,054		30,124
Media	10,581		12,205		13,400		28,523		31,296		25,998
Global commercial banks	25,471		26,464		26,962		27,752		28,465		29,222
Utilities	11,496		10,881		12,078		27,495		26,884		27,281
Individuals and trusts	18,706		18,507		18,860		25,332		24,487		24,728
Technology hardware and equipment	10,054		9,827		10,824		21,759		20,933		23,777
Pharmaceuticals and biotechnology	7,430		7,595		7,568		19,396		19,448		20,231
Vehicle dealers	15,930		16,400		15,924		19,128		19,732		19,818
Consumer durables and apparel	9,432		9,201		8,878		18,129		18,568		17,207
Software and services	7,489		7,686		9,256		16,558		17,494		18,440
Automobiles and components	6,990		7,192		5,710		14,271		14,338		12,687
Insurance	5,818		6,215		6,731		13,785		12,778		13,021
Telecommunication services	6,837		7,386		5,870		12,786		13,206		12,935
Food and staples retailing	4,840		5,222		5,006		10,100		11,259		9,367
Religious and social organizations	3,705		3,807		4,196		5,586		5,587		6,133
Financial markets infrastructure (clearinghouses)	1,111		1,372		649		2,906		3,164		2,446
Other	7,885		5,482		5,049		7,878		5,521		5,044
Total commercial credit exposure by industry	$	599,905	$	605,058	$	596,421	$	990,920	$	994,049	$	959,492

⁽¹⁾  Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers’ acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $32.0 billion, $33.3 billion and $35.6 billion at September 30, 2018, June 30, 2018 and September 30, 2017, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $31.2 billion, $36.1 billion and $22.3 billion, which consists primarily of other marketable securities, at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽²⁾  Total utilized and total committed exposure includes loans of $5.0 billion, $5.4 billion and $5.3 billion and issued letters of credit with a notional amount of $55 million, $167 million and $234 million accounted for under the fair value option at September 30, 2018, June 30, 2018 and September 30, 2017, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $3.1 billion, $3.2 billion and $4.7 billion at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽³⁾  Includes U.S. small business commercial exposure.

⁽⁴⁾  Includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (e.g., syndicated or participated) to other financial institutions.

⁽⁵⁾  Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the primary business activity of the borrowers or the counterparties using operating cash flows and primary source of repayment as key factors.

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 32

Bank of America Corporation and Subsidiaries
Top 20 Non-U.S. Countries Exposure
(Dollars in millions)
	Funded Loans and Loan Equivalents (1)		Unfunded Loan Commitments		Net Counterparty Exposure		Securities/ Other Investments (2)		Country Exposure at September 30 2018		Hedges and Credit Default Protection (3)			Net Country Exposure at September 30 2018 (4)		Increase (Decrease) from June 30 2018
United Kingdom	$	39,114	$	15,034	$	5,601	$	1,111	$	60,860	$	(3,757	)	$	57,103	$	11,178
Germany	26,417		6,278		2,428		789		35,912		(3,499		)	32,413		8,889
Japan	17,109		2,280		1,397		2,781		23,567		(1,418		)	22,149		6,608
Canada	7,515		6,944		1,669		2,682		18,810		(462		)	18,348		(751		)
France	6,654		5,590		2,935		3,347		18,526		(3,429		)	15,097		1,005
China	12,307		377		1,096		866		14,646		(292		)	14,354		(592		)
Netherlands	7,220		2,044		817		1,306		11,387		(922		)	10,465		553
Australia	5,188		3,524		589		1,550		10,851		(612		)	10,239		363
Brazil	6,779		811		326		2,323		10,239		(391		)	9,848		(526		)
India	6,656		513		343		2,205		9,717		(104		)	9,613		(278		)
South Korea	5,561		613		684		1,554		8,412		(284		)	8,128		(178		)
Hong Kong	6,144		216		475		1,289		8,124		(34		)	8,090		(355		)
Switzerland	4,752		3,128		331		199		8,410		(1,030		)	7,380		495
Singapore	3,305		142		602		1,739		5,788		(71		)	5,717		(523		)
Mexico	3,349		1,450		99		684		5,582		(151		)	5,431		(441		)
Belgium	3,444		1,029		124		407		5,004		(509		)	4,495		546
United Arab Emirates	2,895		154		142		107		3,298		(17		)	3,281		(26		)
Spain	2,470		990		144		860		4,464		(1,379		)	3,085		(174		)
Taiwan	1,741		13		405		597		2,756		—			2,756		124
Italy	2,256		1,007		615		527		4,405		(1,679		)	2,726		(1,138		)
Total top 20 non-U.S. countries exposure	$	170,876	$	52,137	$	20,822	$	26,923	$	270,758	$	(20,040	)	$	250,718	$	24,779

⁽¹⁾  Includes loans, leases, and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.

⁽²⁾  Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures and net credit default swaps purchased, consisting of single-name and net indexed and tranched credit default swaps.

⁽³⁾  Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation’s risk to country exposures as listed, consisting of net single-name and net indexed and tranched credit default swaps. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.

⁽⁴⁾  Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 33

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	September 30 2018			June 30 2018			March 31 2018			December 31 2017			September 30 2017
Residential mortgage	$	2,034		$	2,140		$	2,262		$	2,476		$	2,518
Home equity	2,226			2,452			2,598			2,644			2,691
Direct/Indirect consumer	46			47			46			46			43
Total consumer	4,306			4,639			4,906			5,166			5,252
U.S. commercial	699			881			1,059			814			863
Non-U.S. commercial	31			170			255			299			244
Commercial real estate	46			117			73			112			130
Commercial lease financing	14			34			27			24			26
	790			1,202			1,414			1,249			1,263
U.S. small business commercial	58			56			58			55			55
Total commercial	848			1,258			1,472			1,304			1,318
Total nonperforming loans and leases	5,154			5,897			6,378			6,470			6,570
Foreclosed properties (1)	295			284			316			288			299
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	5,449		$	6,181		$	6,694		$	6,758		$	6,869
Fully-insured home loans past due 30 days or more and still accruing	$	3,183		$	3,454		$	3,915		$	4,466		$	4,721
Consumer credit card past due 30 days or more and still accruing	1,805			1,695			1,795			1,847			1,657
Other loans past due 30 days or more and still accruing	3,255			3,682			3,684			3,845			3,885
Total loans past due 30 days or more and still accruing (3, 5, 6)	$	8,243		$	8,831		$	9,394		$	10,158		$	10,263
Fully-insured home loans past due 90 days or more and still accruing	$	2,161		$	2,483		$	2,885		$	3,230		$	3,372
Consumer credit card past due 90 days or more and still accruing	872			865			925			900			810
Other loans past due 90 days or more and still accruing	256			341			234			285			220
Total loans past due 90 days or more and still accruing (3, 5, 6)	$	3,289		$	3,689		$	4,044		$	4,415		$	4,402
Nonperforming loans, leases and foreclosed properties/Total assets (7)	0.23		%	0.27		%	0.29		%	0.30		%	0.30		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (7)	0.59			0.66			0.72			0.73			0.75
Nonperforming loans and leases/Total loans and leases (7)	0.56			0.63			0.69			0.69			0.71
Commercial reservable criticized utilized exposure (8)	$	11,597		$	12,357		$	13,366		$	13,563		$	14,824
Commercial reservable criticized utilized exposure/Commercial reservable utilized exposure (8)	2.26		%	2.40		%	2.58		%	2.65		%	2.91		%
Total commercial criticized utilized exposure/Commercial utilized exposure (8)	2.16			2.34			2.45			2.60			2.93

⁽¹⁾  Foreclosed property balances do not include properties insured by certain government-guaranteed loans, principally loans insured by the Federal Housing Administration (FHA), that entered foreclosure of $500 million, $573 million, $680 million, $801 million and $879 million at September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, respectively.

⁽²⁾  Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the FHA 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.

⁽³⁾  Balances do not include purchased credit-impaired loans even though the customer may be contractually past due. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

(4) Balances do not include the following:	September 30 2018		June 30 2018		March 31 2018		December 31 2017		September 30 2017
Nonperforming loans held-for-sale	$	177	$	220	$	233	$	341	$	325
Nonperforming loans accounted for under the fair value option	16		46		37		69		62
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	16		17		24		26		24

⁽⁵⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $30 million, $28 million, $83 million, $8 million and $42 million at September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, respectively, and loans held-for-sale past due 90 days or more and still accruing of $8 million, $11 million, $8 million, $0 and $6 million at September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, respectively. At September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, there were $21 million, $24 million, $27 million, $32 million and $40 million, respectively, of loans accounted for under the fair value option past due 30 days or more and still accruing interest.

⁽⁶⁾  These balances are excluded from total nonperforming loans, leases and foreclosed properties.

⁽⁷⁾  Total assets and total loans and leases do not include loans accounted for under the fair value option of $5.7 billion, $6.2 billion, $6.0 billion, $5.7 billion and $6.3 billion at September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017, respectively.

⁽⁸⁾  Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 34

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	4,639		$	4,906		$	5,166		$	5,252		$	5,282
Additions	484			599			812			755			999
Reductions:
Paydowns and payoffs	(238		)	(261		)	(245		)	(241		)	(253		)
Sales	(145		)	(117		)	(269		)	(88		)	(162		)
Returns to performing status (2)	(309		)	(336		)	(364		)	(337		)	(347		)
Charge-offs (3)	(89		)	(114		)	(147		)	(125		)	(210		)
Transfers to foreclosed properties	(36		)	(38		)	(45		)	(50		)	(57		)
Transfers to loans held-for-sale	—			—			(2		)	—			—
Total net reductions to nonperforming loans and leases	(333		)	(267		)	(260		)	(86		)	(30		)
Total nonperforming consumer loans and leases, end of period	4,306			4,639			4,906			5,166			5,252
Foreclosed properties	265			263			264			236			259
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	4,571		$	4,902		$	5,170		$	5,402		$	5,511
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,258		$	1,472		$	1,304		$	1,318		$	1,520
Additions	235			244			436			444			412
Reductions:
Paydowns	(287		)	(193		)	(169		)	(127		)	(270		)
Sales	(130		)	(50		)	(24		)	(20		)	(61		)
Return to performing status (5)	(95		)	(91		)	(27		)	(40		)	(100		)
Charge-offs	(116		)	(112		)	(48		)	(143		)	(145		)
Transfers to foreclosed properties	(12		)	—			—			(13		)	—
Transfers to loans held-for-sale	(5		)	(12		)	—			(115		)	(38		)
Total net additions (reductions) to nonperforming loans and leases	(410		)	(214		)	168			(14		)	(202		)
Total nonperforming commercial loans and leases, end of period	848			1,258			1,472			1,304			1,318
Foreclosed properties	30			21			52			52			40
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	878		$	1,279		$	1,524		$	1,356		$	1,358

⁽¹⁾  For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 34.

⁽²⁾  Consumer loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Certain troubled debt restructurings are classified as nonperforming at the time of restructuring and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months.

⁽³⁾  Our policy is not to classify consumer credit card and non-bankruptcy related consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and, accordingly, are excluded from this table.

⁽⁴⁾  Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

⁽⁵⁾  Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Troubled debt restructurings are generally classified as performing after a sustained period of demonstrated payment performance.

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 35

Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Third Quarter 2018					Second Quarter 2018					First Quarter 2018					Fourth Quarter 2017					Third Quarter 2017
	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Net Charge-offs
Residential mortgage (3)	$	12		0.02	%	$	7		0.01	%	$	(6	)	(0.01	)%	$	(16	)	(0.03	)%	$	(82	)	(0.16	)%
Home equity	(20		)	(0.15	)	—			—		33			0.23		16			0.11		83			0.54
U.S. credit card	698			2.92		739			3.17		701			3.01		655			2.78		612			2.65
Direct/Indirect consumer	42			0.18		41			0.18		59			0.25		65			0.27		68			0.28
Other consumer	44			n/m		43			n/m		43			n/m		49			n/m		50			n/m
Total consumer	776			0.69		830			0.74		830			0.75		769			0.68		731			0.65
U.S. commercial	70			0.10		78			0.11		24			0.03		56			0.08		80			0.11
Non-U.S. commercial	25			0.10		19			0.08		4			0.02		346			1.43		33			0.14
Commercial real estate	2			0.02		4			0.03		(3		)	(0.02	)	6			0.04		2			0.02
Commercial lease financing	—			—		1			0.01		(1		)	(0.01	)	5			0.09		(1		)	(0.02	)
	97			0.08		102			0.09		24			0.02		413			0.36		114			0.10
U.S. small business commercial	59			1.67		64			1.82		57			1.67		55			1.58		55			1.61
Total commercial	156			0.13		166			0.14		81			0.07		468			0.39		169			0.14
Total net charge-offs	$	932		0.40		$	996		0.43		$	911		0.40		$	1,237		0.53		$	900		0.39
By Business Segment and All Other
Consumer Banking	$	853		1.19	%	$	896		1.28	%	$	877		1.27	%	$	839		1.21	%	$	800		1.18	%
Global Wealth & Investment Management	13			0.03		15			0.04		25			0.06		4			0.01		11			0.03
Global Banking	85			0.10		86			0.10		19			0.02		264			0.30		106			0.12
Global Markets	3			0.02		14			0.08		6			0.03		146			0.83		23			0.13
All Other	(22		)	(0.15	)	(15		)	(0.10	)	(16		)	(0.10	)	(16		)	(0.09	)	(40		)	(0.21	)
Total net charge-offs	$	932		0.40		$	996		0.43		$	911		0.40		$	1,237		0.53		$	900		0.39

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $95 million, $36 million and $35 million for the third, second and first quarters of 2018, and $46 million and $73 million for the fourth and third quarters of 2017, respectively.

⁽³⁾  Includes loan sales charge-offs (recoveries) of $6 million, $(5) million and $(18) million for the third, second and first quarters of 2018, and $(3) million and $(88) million for the fourth and third quarters of 2017, respectively.

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 36

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Nine Months Ended September 30
	2018					2017
	Amount			Percent		Amount			Percent
Net Charge-offs
Residential mortgage (3)	$	13		0.01	%	$	(84	)	(0.06	)%
Home equity	13			0.03		197			0.42
U.S. credit card	2,138			3.03		1,858			2.75
Non-U.S. credit card (4)	—			—		75			1.91
Direct/Indirect consumer	142			0.20		149			0.21
Other consumer	130			n/m		114			n/m
Total consumer	2,436			0.73		2,309			0.69
U.S. commercial	172			0.08		176			0.09
Non-U.S. commercial	48			0.07		94			0.14
Commercial real estate	3			0.01		3			0.01
	223			0.06		273			0.08
U.S. small business commercial	180			1.72		160			1.60
Total commercial	403			0.11		433			0.13
Total net charge-offs	$	2,839		0.41		$	2,742		0.40
By Business Segment and All Other
Consumer Banking	$	2,626		1.25	%	$	2,363		1.20	%
Global Wealth & Investment Management	53			0.04		40			0.04
Global Banking	190			0.07		255			0.10
Global Markets	23			0.04		24			0.05
All Other (4)	(53		)	(0.11	)	60			0.09
Total net charge-offs	$	2,839		0.41		$	2,742		0.40

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $166 million and $161 million for the nine months ended September 30, 2018 and 2017.

⁽³⁾  Includes loan sales recoveries of $17 million and $102 million for the nine months ended September 30, 2018 and 2017.

⁽⁴⁾  2017 amount includes net charge-offs recorded in All Other related to the non-U.S. credit card loan portfolio, which was sold during the second quarter of 2017.

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 37

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	September 30, 2018						June 30, 2018						September 30, 2017
	Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)
Allowance for loan and lease losses
Residential mortgage	$	500	5.14	%	0.24	%	$	553	5.50	%	0.27	%	$	813	7.60	%	0.41	%
Home equity	658		6.76		1.28		813		8.09		1.52		1,219		11.40		2.04
U.S. credit card	3,530		36.26		3.72		3,477		34.60		3.67		3,263		30.52		3.52
Direct/Indirect consumer	262		2.69		0.29		269		2.68		0.29		258		2.41		0.27
Other consumer	30		0.31		n/m		28		0.28		n/m		29		0.27		n/m
Total consumer	4,980		51.16		1.12		5,140		51.15		1.15		5,582		52.20		1.25
U.S. commercial (3)	2,974		30.55		0.99		3,045		30.30		1.00		3,199		29.92		1.08
Non-U.S.commercial	687		7.06		0.72		751		7.47		0.79		812		7.59		0.85
Commercial real estate	946		9.72		1.56		952		9.47		1.56		956		8.94		1.60
Commercial lease financing	147		1.51		0.68		162		1.61		0.76		144		1.35		0.67
Total commercial	4,754		48.84		0.99		4,910		48.85		1.02		5,111		47.80		1.08
Allowance for loan and lease losses	9,734		100.00	%	1.05		10,050		100.00	%	1.08		10,693		100.00	%	1.16
Reserve for unfunded lending commitments	792						787						762
Allowance for credit losses	$	10,526					$	10,837					$	11,455
Asset Quality Indicators
Allowance for loan and lease losses/Total loans and leases (2)			1.05	%					1.08	%					1.16	%
Allowance for loan and lease losses/Total nonperforming loans and leases (4)			189						170						163
Ratio of the allowance for loan and lease losses/Annualized net charge-offs			2.63						2.52						3.00

⁽¹⁾  Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option include residential mortgage loans of $407 million, $489 million and $615 million and home equity loans of $348 million, $359 million and $363 million at September 30, 2018, June 30, 2018 and September 30, 2017, respectively. Commercial loans accounted for under the fair value option include U.S. commercial loans of $3.6 billion, $3.5 billion and $2.8 billion and non-U.S. commercial loans of $1.4 billion, $1.9 billion and $2.5 billion at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽²⁾  Total loans and leases do not include loans accounted for under the fair value option of $5.7 billion, $6.2 billion and $6.3 billion at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽³⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $472 million, $465 million and $422 million at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

⁽⁴⁾  Allowance for loan and lease losses includes $4.0 billion, $4.0 billion and $3.9 billion allocated to products (primarily the Consumer Lending portfolios within Consumer Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at September 30, 2018, June 30, 2018 and September 30, 2017. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 111 percent, 102 percent and 104 percent at September 30, 2018, June 30, 2018 and September 30, 2017, respectively.

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 38

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. Total revenue, net of interest expense, on a fully taxable-equivalent basis includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. The Corporation presents related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax-exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. For purposes of this calculation, the Corporation uses the federal statutory tax rate of 21 percent for the 2018 periods and 35 percent for all prior periods. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield measures the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents an adjusted shareholders’ equity or common shareholders’ equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible common shareholders’ equity measures the Corporation’s earnings contribution as a percentage of adjusted average common shareholders’ equity. The tangible common equity ratio represents adjusted ending common shareholders’ equity divided by 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 earnings contribution as a percentage of adjusted average total shareholders’ equity. The tangible equity ratio represents adjusted ending shareholders’ equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. 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 and on page 40 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the nine months ended September 30, 2018 and 2017 and the three months ended September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 2017.The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate supplemental financial data differently.

	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	35,128		$	33,205		$	11,870		$	11,650		$	11,608		$	11,462		$	11,161
Fully taxable-equivalent adjustment	455			674			151			154			150			251			240
Net interest income on a fully taxable-equivalent basis	$	35,583		$	33,879		$	12,021		$	11,804		$	11,758		$	11,713		$	11,401
Reconciliation of total revenue, net of interest expense, to total revenue, net of interest expense, on a fully taxable-equivalent basis
Total revenue, net of interest expense	$	68,511		$	66,916		$	22,777		$	22,609		$	23,125		$	20,436		$	21,839
Fully taxable-equivalent adjustment	455			674			151			154			150			251			240
Total revenue, net of interest expense, on a fully taxable-equivalent basis	$	68,966		$	67,590		$	22,928		$	22,763		$	23,275		$	20,687		$	22,079
Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	5,017		$	7,185		$	1,827		$	1,714		$	1,476		$	3,796		$	2,187
Fully taxable-equivalent adjustment	455			674			151			154			150			251			240
Income tax expense on a fully taxable-equivalent basis	$	5,472		$	7,859		$	1,978		$	1,868		$	1,626		$	4,047		$	2,427
Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity
Common shareholders’ equity	$	241,943		$	245,841		$	241,812		$	241,313		$	242,713		$	250,838		$	249,214
Goodwill	(68,951		)	(69,398		)	(68,951		)	(68,951		)	(68,951		)	(68,954		)	(68,969		)
Intangible assets (excluding mortgage servicing rights)	(2,125		)	(2,737		)	(1,992		)	(2,126		)	(2,261		)	(2,399		)	(2,549		)
Related deferred tax liabilities	917			1,503			896			916			939			1,344			1,465
Tangible common shareholders’ equity	$	171,784		$	175,209		$	171,765		$	171,152		$	172,440		$	180,829		$	179,161
Reconciliation of average shareholders’ equity to average tangible shareholders’ equity
Shareholders’ equity	$	265,102		$	270,658		$	264,653		$	265,181		$	265,480		$	273,162		$	273,238
Goodwill	(68,951		)	(69,398		)	(68,951		)	(68,951		)	(68,951		)	(68,954		)	(68,969		)
Intangible assets (excluding mortgage servicing rights)	(2,125		)	(2,737		)	(1,992		)	(2,126		)	(2,261		)	(2,399		)	(2,549		)
Related deferred tax liabilities	917			1,503			896			916			939			1,344			1,465
Tangible shareholders’ equity	$	194,943		$	200,026		$	194,606		$	195,020		$	195,207		$	203,153		$	203,185

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 39

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(In millions, except per share information)
	Nine Months Ended September 30						Third Quarter 2018			Second Quarter 2018			First Quarter 2018			Fourth Quarter 2017			Third Quarter 2017
	2018			2017
Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity
Common shareholders’ equity	$	239,832		$	249,646		$	239,832		$	241,035		$	241,552		$	244,823		$	249,646
Goodwill	(68,951		)	(68,968		)	(68,951		)	(68,951		)	(68,951		)	(68,951		)	(68,968		)
Intangible assets (excluding mortgage servicing rights)	(1,908		)	(2,459		)	(1,908		)	(2,043		)	(2,177		)	(2,312		)	(2,459		)
Related deferred tax liabilities	878			1,435			878			900			920			943			1,435
Tangible common shareholders’ equity	$	169,851		$	179,654		$	169,851		$	170,941		$	171,344		$	174,503		$	179,654
Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity
Shareholders’ equity	$	262,158		$	271,969		$	262,158		$	264,216		$	266,224		$	267,146		$	271,969
Goodwill	(68,951		)	(68,968		)	(68,951		)	(68,951		)	(68,951		)	(68,951		)	(68,968		)
Intangible assets (excluding mortgage servicing rights)	(1,908		)	(2,459		)	(1,908		)	(2,043		)	(2,177		)	(2,312		)	(2,459		)
Related deferred tax liabilities	878			1,435			878			900			920			943			1,435
Tangible shareholders’ equity	$	192,177		$	201,977		$	192,177		$	194,122		$	196,016		$	196,826		$	201,977
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,338,833		$	2,284,174		$	2,338,833		$	2,291,670		$	2,328,478		$	2,281,234		$	2,284,174
Goodwill	(68,951		)	(68,968		)	(68,951		)	(68,951		)	(68,951		)	(68,951		)	(68,968		)
Intangible assets (excluding mortgage servicing rights)	(1,908		)	(2,459		)	(1,908		)	(2,043		)	(2,177		)	(2,312		)	(2,459		)
Related deferred tax liabilities	878			1,435			878			900			920			943			1,435
Tangible assets	$	2,268,852		$	2,214,182		$	2,268,852		$	2,221,576		$	2,258,270		$	2,210,914		$	2,214,182
Book value per share of common stock
Common shareholders’ equity	$	239,832		$	249,646		$	239,832		$	241,035		$	241,552		$	244,823		$	249,646
Ending common shares issued and outstanding	9,858.3			10,457.5			9,858.3			10,012.7			10,175.9			10,287.3			10,457.5
Book value per share of common stock	$	24.33		$	23.87		$	24.33		$	24.07		$	23.74		$	23.80		$	23.87
Tangible book value per share of common stock
Tangible common shareholders’ equity	$	169,851		$	179,654		$	169,851		$	170,941		$	171,344		$	174,503		$	179,654
Ending common shares issued and outstanding	9,858.3			10,457.5			9,858.3			10,012.7			10,175.9			10,287.3			10,457.5
Tangible book value per share of common stock	$	17.23		$	17.18		$	17.23		$	17.07		$	16.84		$	16.96		$	17.18

Certain prior period amounts have been reclassified to conform to current period presentation.

Current period information is preliminary and based on company data available at the time of the presentation. 40