Bank of America Corporation is a publicly traded (NYSE: BAC) company headquartered in Charlotte, NC, that operates in 29 states, the District of Columbia and 43 foreign countries. The corporation provides a diversified range of banking and nonbanking financial services and products domestically and internationally through four business segments: Global Consumer and Small Business Banking, Global Business and Financial Services, Global Capital Markets and Investment Banking, and Global Wealth and Investment Management.

Financial Highlights (Dollars in millions, except per share information) Year Ended December 31, 2005 Year Ended Dec. 31 For the year 2005 2004 Revenue* $56,923 $49,682 Net income 16,465 13,947 Shareholder value added 6,594 5,718 Earnings per common share 4.10 3.71 Diluted earnings per common share 4.04 3.64 Dividends paid per common share 1.90 1.70 Return on average assets 1.30% 1.34% Return on average common   shareholders’ equity 16.51% 16.47% Efficiency ratio* 50.38% 54.37% Average common shares issued   and outstanding (in millions) 4,009 3,759 At year end 2005 2004 Total assets $1,291,803 $1,110,432 Total loans and leases 573,791 521,813 Total deposits 634,670 618,570 Total shareholders’ equity 101,533 100,235 Book value per common share 25.32 24.70 Market price per share of   common stock 46.15 46.99 Common shares issued and   outstanding (in millions) 4,000 4,047

2005 Revenue* (in millions) Global Business and Financial Services Global Business and Financial Services:$11,160 19% of total 2005 revenue Global Wealth and Investment Management $7,393 13% ___ All Other** $485 1% Global Capital Markets and Investment Banking $9,009 16% Global Consumer and Small Business Banking $28,876 51% 2005 Net Income (in millions) Global Business and Financial Services $4,562 28% Global Wealth and Investment Management $2,388 14% ___ All Other** $623 4% Global Capital Markets and Investment Banking $1,736 11% Global Consumer and Small Business Banking $7,156 43%

*Fully taxable-equivalent basis
**All Other consists primarily of Equity Investments, the residual impact of the allowance for credit losses process, Merger and Restructuring Charges, intersegment eliminations, and the results of certain consumer finance and commercial lending businesses that are being liquidated. All Other also includes certain amounts associated with the Asset and Liability Management process, including the impact of funds transfer pricing allocation methodologies, amounts associated with the change in the value of derivatives used as economic hedges of interest rate and foreign exchange rate fluctuations that do not qualify for SFAS 133 hedge accounting treatment, and Gains on Sales of Debt Securities.