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Bank of America California, National Association

San Francisco, CA · Cert 25178 · Bank of America Corp.

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

90

Q2 2024Q2 2026peer median (50)

Asset Quality

78

Q2 2024Q2 2026peer median (50)

Profitability

7

Q2 2024Q2 2026peer median (50)

Liquidity

62

Q2 2024Q2 2026peer median

Efficiency

85

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of America California, National Association

San Francisco, CA · Cert 25178 · Bank of America Corp.

National charter · OCC · 1 affiliate bank · 1 branch (3,599 in holding)

Q2 2026

$14.8BAssets
$9.4BLoans
$12.3BDeposits
$1.9BEquity
Loan mix
100%RE $9.7B0%C&I $0.0B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $12.3B0%Noninterest $0.0BQ2 2025Q2 2026

NIM

3.77%Q2 ’243.77%Q2 ’253.47%Q2 ’26+25%+12%

Non-interest income vs. expense

0.57%Q2 ’240.75%Q2 ’250.74%Q2 ’26+29%-1%

Market Position · San Francisco-Oakland-Fremont, CA · 2026 SOD (annual) · 2.4% share · #5 of 69 inst. · $12.3B of $513.2B

Executive Summary

  • Earnings: ROA of 0.77%, up 19 bps year over year; NIM at 1.71%.
  • Asset quality: problem loans at 0.66% of loans (-4 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 12.41%, up 45 bps from a year ago.
  • Funding: loans stand at 76.69% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.77%+19 bps YoY

Net Interest Margin (YTD, annualized)

1.71%+18 bps YoY

Efficiency Ratio (YTD, annualized)

42.96%-578 bps YoY

Tier 1 Leverage Ratio

12.41%+45 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.58%0.52%0.54%0.73%0.77%+19 bps
Return on Equity4.93%4.36%4.55%5.89%6.06%+113 bps
Net Interest Margin1.53%1.55%1.55%1.76%1.71%+18 bps
Efficiency Ratio48.74%53.98%52.30%44.12%42.96%-578 bps
Non-Interest Burden0.74%0.83%0.81%0.78%0.73%-1 bps
Growth
Asset Growth (YoY)-0.15%-7.31%-1.19%-6.15%-1.13%-98 bps
Loan Growth (YoY)-4.22%-8.83%-8.79%-7.95%-12.34%-813 bps
Deposit Growth (YoY)7.45%-4.49%3.18%-5.06%-2.33%-978 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.73%0.69%0.67%0.66%-4 bps
Net Charge-Offs / Loans-0.02%-0.01%0.00%0.00%-0.02%0 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.96%12.41%12.28%12.41%12.41%+45 bps
Total Risk-Based Capital33.82%35.67%37.10%37.55%39.28%+545 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits85.46%79.10%74.37%77.10%76.69%-876 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bank of America California, National Association

San Francisco, CA · Cert 25178 · Peer group: banks over $10B in assets (n=142-144) · Bank of America Corp.

National charter · OCC · 1 affiliate bank · 1 branch (3,599 in holding)

Q2 2026

$14.8BAssets
$9.4BLoans
$12.3BDeposits
$1.9BEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks over $10B in assets (rank 5 of 142).
  • Widest gap: net interest margin trails 96% of banks over $10B in assets (rank 138 of 144).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.78%

Rank 131 of 144

Net Interest Margin

1.71%

Rank 138 of 144

Efficiency Ratio

42.96%

Rank 23 of 144

Equity / Assets

13.12%

Rank 33 of 144

Non-interest income vs. expense

$2.0M$116.0MINCOMEEXPENSE
Unfavorable gap of $114.0M · efficiency ratio beats 85% of banks over $10B in assets
Bank 42.96%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.78%1.00%1.26%1.54%Beats 9%131 / 144
Return on Equity5.97%8.98%11.34%14.40%Beats 7%134 / 144
Net Interest Margin1.71%2.82%3.31%3.68%Beats 4%138 / 144
Efficiency Ratio42.96%49.42%56.02%62.41%Beats 85%23 / 144
Asset Quality
Nonperforming Loans / Loans0.66%0.48%0.73%1.07%Beats 56%63 / 142
Net Charge-Offs / Loans0.00%0.05%0.11%0.22%Beats 100%5 / 142
Capital
Tier 1 Capital Ratio39.00%12.07%12.98%14.92%Beats 97%5 / 144
Total Risk-Based Capital Ratio39.28%13.39%14.14%16.25%Beats 97%5 / 144
Equity / Assets13.12%9.69%11.39%12.96%Beats 77%33 / 144
Liquidity & Funding
Loans / Deposits76.69%75.72%84.92%91.56%27th pctl104 / 143
Loans / Assets63.71%59.83%69.07%74.80%32nd pctl98 / 144
Brokered Deposits / Depositsn/aNot reported for this institution