3. 2005 Financial Results
Dollars in billions, except per share data
Percent
2005 2004 Change
Revenue $56.1 $49.0 15%
Expense 28.7 27.0 6
Provision 4.0 2.8 45
Net Income 16.5 13.9 18
EPS 4.04 3.64 11
3
4. Business Segment Results
2005 vs. 2004 - Dollars in millions
Net Earnings Revenue Return on
Income Growth Growth Equity
Global Consumer
& Small Business $7,156 20% 15% 21.31%
Global Business &
Financial Services 4,562 19 21 15.63
Global Capital Markets
& Investment Banking 1,736 (10) (0.4) 16.73
Global Wealth &
Investment Management 2,388 49 25 23.34
Total Company $16,465 18% 15% 16.51%
4 Note: Fully taxable-equivalent basis
5. Global Consumer & Small Business Banking Highlights
• 2.3 million net new retail checking accounts
• Average total deposits up 8%
• Debit card revenue up 32%
• Total credit card revenue up 23%
• Home equity production volume up 27%
• Sales of products through e-Commerce up 69%
5
6. MBNA Brings Together Superior Distribution
With Products
MBNA Brings
• Best-in-class credit quality
• International presence
– Leading market positions in
Canada, UK, Ireland and Spain
• Affinity Relationships
– More than 5,000 affinity partners
worldwide
• Experienced management team
• Proven marketing skills
• Service focus
Unparalleled Distribution and Convenience
Stores Online Banking ATMs Telephone
6
7. Global Business & Financial Services Highlights
• Double-digit growth in revenue per commercial relationships
• 23% of GBFS clients have 11+ products vs. 19% in 2004
• Commercial deposits up 15%
• Loans and leases grew $22 billion, double-digit growth in:
– Middle Market
– Commercial Real Estate
– Dealer Financial Services
7
8. Global Capital Markets & Investment Banking
• Gained market share in U.S. High Yield and Investment Grade
• M&A income up 32%
• Trading account profits up 63%
• Named best North American cash management bank, second
consecutive year
• Top foreign exchange bank and derivatives provider
8 Source: Treasury Management International Awards,
Treasury & Risk Management
9. Global Wealth & Investment Management Highlights
• Loans and leases up 23%
• Assets under management up 7%
• Based on AUM, 82% of mutual fund assets in the 35th percentile
or better among their peer groups*
• Premier Banking households with brokerage relationships up 49%
• Closed more than 200,000 client referrals
• Strong expense management
9 * Lipper Analytical Services 12/31/05
10. Asset Quality
Dollars in billions
2005 2004 % Change
• Provision $4.0 $2.8 45%
• Net charge-offs 4.6 3.1 47
• Nonperforming assets 1.6 2.5 (35)
• Allowance for Loan and
Lease Losses 8.0 8.6 (7)
10
11. 2006 First Quarter Results
Dollars in billions, except per share data
Pro forma1
1Q2006 1Q2005 1Q2005
Revenue $17.9 $13.7 $16.3
Expense 8.9 7.1 9.3
Provision 1.3 0.6 0.9
Net Income 5.0 4.4 4.4
EPS 1.07 1.07
11 1 Pro forma 1Q2005 includes MBNA. See 8-K filing on 4/10/06.
12. First Quarter Highlights
1Q2006 vs. 1Q2005
• Added more than 1 million net new checking and savings accounts
• Sales through E-Commerce up 27%
• Home equity loans up 23%
• Mass market small business sales up 22%
• Assets under management up 14%
• Record quarter for Capital Markets and Advisory Services
• MBNA integration well underway and on track
12
13. 12 Month Total Returns
12 months ending 4/25/06
JP Morgan 24%
US Bancorp 17%
Wells Fargo 14%
Wachovia 14%
Bank of America 10%
Citigroup 6%
13
14. Five-Year Performance
CAGR
2000-2005
Revenue per share 7%
Diluted EPS 12 %
Dividends per share 13 %
Total share return 20 %
14 Total share return includes dividends as of 12/31/05
15. Steady Strong Shareholder Returns
Through 12/31/05
Bank of America S & P 500 Index Philadelphia Bank Index Dow
19.5%
14.3% 14.4%
11.6%
2.5%
1 Yr 2 Yr 3 Yr 4 Yr 5 Yr
15 TSR is the annualized total shareholder return including dividends
16. 28 Consecutive Years of Dividend Increases
$1.90
rowth
ed g
a n n ualiz
13%
$0.07
1977 2005
16
17. Recognition
S&P Dividend Aristocrats
Most Admired
Best cash management bank in
North America
Best consumer online banking site
Source: Treasury Management International Awards,
17
Global Finance
