JPMorgan Chase & Co. · Earnings release · 8-K Exhibit 99

EX-99.23a2q26erfex992supplement.htmJPMORGAN CHASE & CO. EARNINGS RELEASE FINANCIAL SUPPLEMENT - SECOND QUARTER 2026 Document

EARNINGS RELEASE FINANCIAL SUPPLEMENT

JPMORGAN CHASE & CO.

TABLE OF CONTENTS

Page(s)

Consolidated Results

Consolidated Financial Highlights

Consolidated Statements of Income

4

Consolidated Balance Sheets

5

Condensed Average Balance Sheets and Annualized Yields

6

Reconciliation from Reported to Managed Basis

7

Segment & Corporate Results - Managed Basis

8

Capital and Other Selected Balance Sheet Items

Earnings Per Share and Related Information

Business Segment & Corporate Results

Consumer & Community Banking (“CCB”)

Commercial & Investment Bank (“CIB”)

Asset & Wealth Management (“AWM”)

Corporate

Credit-Related Information

Non-GAAP Financial Measures

Glossary of Terms and Acronyms (a)

(a) Refer to the Glossary of Terms and Acronyms on pages 320–327 of JPMorgan Chase & Co.’s (the “Firm’s”) Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) and the Glossary of Terms and Acronyms and Line of Business Metrics on pages 170-176 and pages 177-178, respectively, of the Firm’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026.

JPMORGAN CHASE & CO.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(in millions, except per share and ratio data)

QUARTERLY TRENDS

SIX MONTHS ENDED JUNE 30,

SELECTED INCOME STATEMENT DATA

Reported Basis

Total net revenue

$

(e)

$

$

$

$

%

%

$

(e)

$

%

Total noninterest expense

2

Pre-provision profit (a)

T1Provision for credit losses

(g)

—

NET INCOME

Managed Basis (b)

Total net revenue

(e)

(e)

Total noninterest expense

2

Pre-provision profit (a)

Provision for credit losses

(g)

—

NET INCOME

EARNINGS PER SHARE DATA

Net income: Basic

$

$

$

$

$

$

$

Diluted

Average shares: Basic

(1)

(4)

(4)

Diluted

(1)

(4)

(4)

MARKET AND PER COMMON SHARE DATA

Market capitalization

$

$

$

$

$

9

$

$

9

Common shares at period-end

(1)

(3)

(3)

Book value per share

$

$

$

$

$

4

9

$

$

9

Tangible book value per share (“TBVPS”) (a)

4

Cash dividends declared per share

—

7

7

FINANCIAL RATIOS (c)

Return on common equity (“ROE”)

%

%

%

%

%

%

%

Return on tangible common equity (“ROTCE”) (a)

Return on assets

CAPITAL RATIOS

T2Common equity Tier 1 (“CET1”) capital ratio - Standardized (d)

%

(f)

%

%

%

%

%

(f)

%

Tier 1 capital ratio - Standardized (d)

(f)

(f)

Total capital ratio - Standardized (d)

(f)

(f)

Tier 1 leverage ratio

(f)

(f)

Supplementary leverage ratio (“SLR”)

(f)

(f)

On January 7, 2026, JPMorganChase announced that Chase will become the new issuer of Apple Card. T3The Firm entered into a forward purchase commitment on December 30, 2025 to acquire the Apple credit card portfolio (the “Apple Card transaction”), with an expected closing date approximately 24 months thereafter. Refer to Notes 4, 13, 27 and 28 of the Firm’s 2025 Form 10-K for additional information.

(a)Pre-provision profit, TBVPS and ROTCE are each non-GAAP financial measures. Tangible common equity (“TCE”) is also a non-GAAP financial measure; refer to page 10 for a reconciliation of common stockholders’ equity to TCE. Refer to page 28 for a further discussion of these measures.

(b)Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis.

(c)Ratios are based upon annualized amounts.

(d)At June 30, 2026, the Advanced total capital ratio was more binding on the Firm than the Standardized total capital ratio. At each of March 31, 2026 and December 31, 2025, the Advanced risk-based ratios were more binding on the Firm than the Standardized risk-based ratios. Refer to page 9 for further information on the Firm’s capital metrics.

(e)T4Included a $4.6 billion net gain in Corporate related to Visa Class C common stock held at fair value and received by the Firm in an exchange offer following the acceptance by Visa Inc. on May 11, 2026 of the Firm’s tender of its 18.6 million shares of Visa Class B-2 common stock. T5Also included $1.0 billion of gains, which represented a measurement alternative markup on an equity investment and initial gains on transition from measurement alternative to recurring fair value on certain other equity investments, in Corporate and CIB. Refer to page 8 and Note 2 of JPMorganChase’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 for further information on the Visa exchange offer.

(f)Estimated.

(g)Included $2.2 billion associated with the Apple Card transaction. Refer to Note 13 of the Firm’s 2025 Form 10-K for additional information.

Page 2

JPMORGAN CHASE & CO.

CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratios, employee data and where otherwise noted)

QUARTERLY TRENDS

SIX MONTHS ENDED JUNE 30,

SELECTED BALANCE SHEET DATA (period-end)

Total assets

$

$

$

$

$

2

%

%

$

$

%

Loans:

Consumer, excluding credit card loans

—

(1)

(1)

Credit card loans

4

7

7

Wholesale loans

3

Total loans

3

9

9

Deposits:

U.S. offices:

Noninterest-bearing

5

6

6

Interest-bearing

(1)

4

4

Non-U.S. offices:

Noninterest-bearing

(4)

Interest-bearing

3

9

9

T6Total deposits

1

6

6

Long-term debt

3

Common stockholders’ equity

3

5

5

Total stockholders’ equity

3

5

5

Loans-to-deposits ratio

%

%

%

%

%

%

%

Employees

—

1

1

95% CONFIDENCE LEVEL - TOTAL VaR

Average VaR

$

$

$

$

$

Earnings-at-Risk (in billions) (a)

Parallel shift:

+100 bps shift in rates

$

(c)

$

$

$

$

(3)

2

-100 bps shift in rates

(c)

LINE OF BUSINESS (“LOB”) & CORPORATE NET REVENUE (b)

Consumer & Community Banking

$

$

$

$

$

4

8

$

$

7

Commercial & Investment Bank

6

Asset & Wealth Management

7

Corporate

TOTAL NET REVENUE

$

$

$

$

$

$

$

LOB & CORPORATE NET INCOME

Consumer & Community Banking

$

$

$

$

$

7

3

$

$

7

Commercial & Investment Bank

7

Asset & Wealth Management

Corporate

NM

NET INCOME

$

$

$

$

$

$

$

(a)Earnings-at-risk estimates the Firm’s interest rate exposure for a given interest rate scenario. The Firm’s actual net interest income results may differ compared to the instantaneous rate changes modelled in the earnings-at-risk estimates. Refer to pages 140-141 of the Firm’s 2025 Form 10-K for additional information.

(b)Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis.

(c)Estimated.

Page 3

JPMORGAN CHASE & CO.

CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share and ratio data)

QUARTERLY TRENDS

SIX MONTHS ENDED JUNE 30,

REVENUE

Investment banking fees

$

$

$

$

$

%

%

$

$

%

Principal transactions

Lending- and deposit-related fees

5

Asset management fees

3

Commissions and other fees

5

Investment securities gains/(losses)

NM

NM

Mortgage fees and related income

9

(7)

1

Card income

—

(1)

Other income

(d)

NM

(d)

Noninterest revenue

Interest income

3

5

5

Interest expense

5

—

1

T7Net interest income

1

9

TOTAL NET REVENUE

Provision for credit losses

(e)

—

NONINTEREST EXPENSE

Compensation expense

(1)

Occupancy expense

2

Technology, communications and equipment expense

3

Professional and outside services

Marketing

4

Other expense (a)

(f)

4

TOTAL NONINTEREST EXPENSE

2

Income before income tax expense

Income tax expense

(g)

(g)

NET INCOME

$

$

$

$

$

$

$

NET INCOME PER COMMON SHARE DATA

Basic earnings per share

$

$

$

$

$

$

$

Diluted earnings per share

FINANCIAL RATIOS

Return on common equity (b)

%

%

%

%

%

%

%

Return on tangible common equity (b)(c)

Return on assets (b)

Effective income tax rate

(g)

(g)

Overhead ratio

(a)Included Firmwide legal expense of $116 million, $223 million, $60 million, $62 million and $118 million for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025, respectively, and $339 million and $239 million for the six months ended June 30, 2026 and 2025, respectively.

(b)Ratios are based upon annualized amounts.

(c)Refer to page 28 for a further discussion of ROTCE.

(d)Included a $4.6 billion net gain related to Visa Class C common stock in Corporate and $1.0 billion of gains on certain equity investments, consisting of $763 million in Corporate and $263 million in CIB. Refer to footnote (e) on page 2 for further information.

(e)Refer to footnote (g) on page 2 for additional information.

(f)Included an FDIC special assessment accrual release of $326 million for the three months ended December 31, 2025. Refer to Note 6 on page 221 of the Firm’s 2025 Form 10-K for additional information.

(g)Included a $774 million income tax benefit in Corporate driven by the resolution of certain tax audits and the impact of tax regulations related to foreign currency translation gains and losses finalized in 2024 and effective for 2025.

Page 4

JPMORGAN CHASE & CO.

CONSOLIDATED BALANCE SHEETS

(in millions)

Change

ASSETS

Cash and due from banks

$

$

$

$

$

%

4

%

Deposits with banks

(2)

Federal funds sold and securities purchased under

resale agreements

(8)

(5)

Securities borrowed

Trading assets:

Debt and equity instruments

—

Derivative receivables

(5)

Available-for-sale (“AFS”) securities

(a)

(2)

Held-to-maturity (”HTM”) securities

(a)

(1)

3

Investment securities, net of allowance for credit losses

(2)

8

Loans

3

9

Less: Allowance for loan losses

1

5

Loans, net of allowance for loan losses

3

9

Accrued interest and accounts receivable

Premises and equipment

3

Goodwill, MSRs and other intangible assets

—

—

Other assets

TOTAL ASSETS

$

$

$

$

$

2

LIABILITIES

Deposits

$

$

$

$

$

1

6

Federal funds purchased and securities loaned or sold

under repurchase agreements

(2)

Short-term borrowings

6

Trading liabilities:

Debt and equity instruments

6

Derivative payables

Accounts payable and other liabilities

9

Beneficial interests issued by consolidated VIEs

9

6

Long-term debt

3

TOTAL LIABILITIES

2

STOCKHOLDERS’ EQUITY

Preferred stock

5

5

Common stock

—

—

Additional paid-in capital

1

—

Retained earnings

4

Accumulated other comprehensive loss (“AOCI”)

(6)

Treasury stock, at cost

(4)

TOTAL STOCKHOLDERS’ EQUITY

3

5

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

$

$

$

$

2

(a) During the third quarter of 2025, the Firm transferred $44.1 billion of investment securities from AFS to HTM for asset-liability management purposes.

Page 5

JPMORGAN CHASE & CO.

CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS

(in millions, except rates)

QUARTERLY TRENDS

SIX MONTHS ENDED JUNE 30,

AVERAGE BALANCES

ASSETS

Deposits with banks

$

$

$

$

$

7

%

%

$

$

%

Federal funds sold and securities purchased under resale agreements

5

6

Securities borrowed

9

Trading assets - debt instruments

4

Investment securities

1

Loans

2

All other interest-earning assets (a)

Total interest-earning assets

4

Trading assets - equity and other instruments

Trading assets - derivative receivables

9

All other noninterest-earning assets

5

TOTAL ASSETS

$

$

$

$

$

5

$

$

LIABILITIES

Interest-bearing deposits

$

$

$

$

$

3

8

$

$

8

Federal funds purchased and securities loaned or

sold under repurchase agreements

Short-term borrowings

(3)

(2)

5

Trading liabilities - debt and all other interest-bearing liabilities (b)

8

Beneficial interests issued by consolidated VIEs

2

7

7

Long-term debt

1

7

7

Total interest-bearing liabilities

4

Noninterest-bearing deposits

4

6

5

Trading liabilities - equity and other instruments

Trading liabilities - derivative payables

All other noninterest-bearing liabilities

6

TOTAL LIABILITIES

5

Preferred stock

6

6

3

Common stockholders’ equity

1

4

5

TOTAL STOCKHOLDERS’ EQUITY

1

4

4

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

$

$

$

$

5

$

$

AVERAGE RATES (c)

INTEREST-EARNING ASSETS

Deposits with banks

%

%

%

%

%

%

%

Federal funds sold and securities purchased under resale agreements

Securities borrowed

Trading assets - debt instruments

Investment securities

Loans

All other interest-earning assets (a)(d)

Total interest-earning assets

INTEREST-BEARING LIABILITIES

Interest-bearing deposits

Federal funds purchased and securities loaned or

sold under repurchase agreements

Short-term borrowings

Trading liabilities - debt and all other interest-bearing liabilities (b)