#1JPMORGAN CHASE & CO. EARNINGS RELEASE FINANCIAL SUPPLEMENT THIRD QUARTER 2022#2JPMORGAN CHASE & CO. TABLE OF CONTENTS Consolidated Results Consolidated Financial Highlights Consolidated Statements of Income Consolidated Balance Sheets Condensed Average Balance Sheets and Annualized Yields Reconciliation from Reported to Managed Basis Segment Results - Managed Basis Capital and Other Selected Balance Sheet Items Earnings Per Share and Related Information Business Segment Results Consumer & Community Banking ("CCB") Corporate & Investment Bank ("CIB") Commercial Banking ("CB") Asset & Wealth Management ("AWM") Corporate Credit-Related Information Non-GAAP Financial Measures Glossary of Terms and Acronyms (a) JPMORGAN CHASE & Co. Page(s) 2-3 DEBLOCA 10 11-14 15-17 18-19 20-22 23 24-27 28 (a) Refer to the Glossary of Terms and Acronyms on pages 305-311 of JPMorgan Chase & Co.'s (the "Firm's") Annual Report on Form 10-K for the year ended December 31, 2021 (the "2021 Form 10-K") and the Glossary of Terms and Acronyms and Line of Business Metrics on pages 182-187 and pages 188-190 respectively, of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022.#3JPMORGAN CHASE & CO. CONSOLIDATED FINANCIAL HIGHLIGHTS (in millions, except per share and ratio data) SELECTED INCOME STATEMENT DATA Reported Basis Total net revenue Total noninterest expense Pre-provision profit (a) Provision for credit losses NET INCOME Managed Basis (b) Total net revenue Total noninterest expense Pre-provision profit (a) Provision for credit losses NET INCOME EARNINGS PER SHARE DATA Net income: Basic Diluted Average shares: Basic Diluted MARKET AND PER COMMON SHARE DATA Market capitalization Common shares at period-end Book value per share Tangible book value per share ("TBVPS") (a) Cash dividends declared per share FINANCIAL RATIOS (c) Return on common equity ("ROE") Return on tangible common equity ("ROTCE") (a) Return on assets CAPITAL RATIOS (d) Common equity Tier 1 ("CET1") capital ratio Tier 1 capital ratio Total capital ratio Tier 1 leverage ratio Supplementary leverage ratio ("SLR") $ $ 3Q22 32,716 19,178 13,538 1,537 9,737 33,491 19,178 14,313 1,537 9,737 3.13 3.12 2,961.2 2,965.4 $ 306,520 2,933.2 87.00 69.90 1.00 15% 18 1.01 12.5% (e) 14.1 (e) 15.9 (e) 6.2 (e) 5.3 (e) 2Q22 $ 30,715 18,749 11,966 1,101 8,649 $ 31,630 18,749 12,881 1,101 8,649 2.77 2.76 2,962.2 2,966.3 $ 330,237 2,932.6 86.38 69.53 1.00 13 % 17 0.89 12.2 % 14.1 15.7 6.2 5.3 $ $ 1Q22 30,717 19,191 11,526 1,463 8,282 31,590 19,191 12,399 1,463 8,282 2.64 2.63 2,977.0 2,981.0 $400,379 2,937.1 86.16 69.58 1.00 QUARTERLY TRENDS 13% 16 0.86 11.9% 13.7 15.4 6.2 5.2 4Q21 $ 29,257 17,888 11,369 (1,288) 10,399 30,349 17,888 12,461 (1,288) 10,399 $ 3.33 3.33 2,977.3 2,981.8 $466,206 2,944.1 88.07 71.53 1.00 16 % 19 1.08 13.1 % 15.0 16.8 6.5 5.4 3Q21 $ 29,647 17,063 12,584 (1,527) 11,687 $ 30,441 17,063 13,378 (1,527) 11,687 3.74 3.74 2,999.9 3,005.1 $ 483,748 2,955.3 86.36 69.87 1.00 18 % 22 1.24 12.9% 15.0 16.9 6.6 5.5 3Q22 Change 2Q22 7% 2 N 13 40 13 6 2 11 40 13 13 13 1 - - 1 3 3Q21 10% 12 8 JPMORGAN CHASE & CO. NM (17) 10 12 7 NM (17) (16) (17) (1) (1) (37) (1) - 11 NINE MONTHS ENDED SEPTEMBER 30, $ 2022 $94,148 57,118 37,030 4,101 26,668 96,711 57,118 39,593 4,101 26,668 8.53 8.51 2,966.8 2,970.9 $306,520 2,933.2 87.00 69.90 3.00 14% 17 0.92 12.5% (e) 14.1 (e) 15.9 (e) 6.2 (e) 5.3 (e) 2021 $92,392 53,455 38,937 (7,968) 37,935 94,955 53,455 41,500 (7,968) 37,935 12.05 12.02 3,036.4 3,041.7 $ 483,748 2,955.3 86.36 69.87 2.80 20% 24 1.37 12.9 % 15.0 16.9 6.6 5.5 2022 Change 2021 2% 7 (5) NM (30) 2 7 (5) NM (30) (29) (29) (2) (2) (37) (1) 1 7 (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 9 for a reconciliation of common stockholders' equity to TCE. Refer to page 28 for a further discussion of these (b) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis. measures. (c) Quarterly ratios are based upon annualized amounts. (d) The capital metrics reflect the relief provided by the Federal Reserve Board (the "Federal Reserve") in response to the COVID-19 pandemic, including the Current Expected Credit Losses ("CECL") capital transition provisions. Beginning January 1, 2022, the $2.9 billion CECL capital benefit recognized as of December 31, 2021, is being phased out at 25% per year over a three-year period. As of September 30, 2022, June 30, 2022 and March 31, 2022, CET1 capital reflected the remaining $2.2 billion CECL benefit. For the periods ended December 31, 2021 and September 30, 2021, the impact of the CECL capital transition provisions resulted in an increase to CET1 capital of $2.9 billion and $3.3 billion, respectively. Refer to Capital Risk Management on pages 44-49 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, and pages 86-96 of the Firm's 2021 Form 10-K for additional information. (e) Estimated. Page 2#4JPMORGAN CHASE & CO. CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio and headcount data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Consumer, excluding credit card loans Credit card loans Wholesale loans. Total Loans Deposits: U.S. offices: Noninterest-bearing Interest-bearing Non-U.S. offices: Noninterest-bearing Interest-bearing Total deposits Long-term debt Common stockholders' equity Total stockholders' equity Loans-to-deposits ratio Headcount 95% CONFIDENCE LEVEL - TOTAL VAR Average VaR (a) LINE OF BUSINESS NET REVENUE (b) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NET REVENUE LINE OF BUSINESS NET INCOME/(LOSS) Consumer & Community Banking (c) Corporate & Investment Bank (c) Commercial Banking (c) Asset & Wealth Management (c) Corporate (c) NET INCOME $3,773,884 313,796 170,462 628,375 1,112,633 688,292 1,304,012 3Q22 26,629 389,682 2,408,615 $ $ $ $ 287,473 255,180 288,018 46 % 288,474 54 14,331 11,875 3,048 4,539 $ 33,491 (302) 4,334 3,532 946 1,219 (294) 9,737 2Q22 $3,841,314 317,212 165,494 621,449 1,104,155 714,478 1,343,802 26,983 386,281 2,471,544 $ 288,212 253,305 286,143 45 % 278,494 54 $ 12,614 11,947 2,683 4,306 80 $ 31,630 3,100 3,725 994 1,004 (174) $ 8,649 $3,954,687 312,489 152,283 608,513 1,073,285 1Q22 721,401 1,412,589 27,542 399,675 2,561,207 $ $ 293,239 253,061 285,899 $ 42 % 273,948 $ 12,229 13,529 2,398 4,315 63 (881) $ 31,590 2,895 4,385 850 1,008 (856) QUARTERLY TRENDS 8,282 4Q21 $3,743,567 323,306 154,296 600,112 1,077,714 711,525 (d) 1,359,932 (d) 26,229 364,617 2,462,303 $ 301,005 259,289 294,127 44 % 271,025 37 $ 12,275 11,534 2,612 4,473 (545) $ 30,349 $ 4,147 4,543 1,234 1,125 (650) $ 10,399 $3,757,576 328,164 143,166 573,285 1,044,615 686,457 (d) 1,314,073 (d) 3Q21 28,589 373,234 2,402,353 $ $ $ $ 298,465 255,203 290,041 43% $ 12,521 12,396 2,520 4,300 (1,296) 30,441 265,790 36 (d) 4,351 5,647 1,409 1,196 (916) 11,687 3Q22 Change 2Q22 (2)% (1) 3 1 1 (4) (3) (1) (3) |-- 4 T 14 (1) 14 5 NM 6 40 (5) (5) 21 (69) 13 3Q21 - % (4) 19 10 7 (1) JPMORGAN CHASE & CO. + € (7) (4) 9 50 14 (4) 21 6 10 (37) (33) 2 68 (17) NINE MONTHS ENDED SEPTEMBER 30, 2022 $3,773,884 313,796 170,462 628,375 1,112,633 688,292 1,304,012 26,629 389,682 2,408,615 $ 287,473 255,180 288,018 46 % 288,474 $ 39,174 37,351 8,129 13,160 (1,103) $ 96,711 10,329 11,642 2,790 3,231 (1,324) $ 26,668 (a) Refer to Corporate & Investment Bank credit portfolio VaR on page 17 for a further discussion of VaR. (b) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis. (c) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (d) Prior-period amounts have been revised to conform with the current presentation. 2021 $3,757,576 328,164 143,166 573,285 1,044,615 686,457 1,314,073 28,589 373,234 2,402,353 $ 298,465 255,203 290,041 43 % 265,790 $ 37,798 40,215 7,396 12,484 (2,938) 94,955 16,783 16,591 4,012 3,612 (3,063) $ 37,935 2022 Change 2021 - % (4) 19 10 7 (1) (7) 4 1 (4) (1) 9 NÅGONA (7) 62 (38) (30) (30) (11) 57 (30) Page 3#5JPMORGAN CHASE & CO. CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share and ratio data) REVENUE Investment banking fees Principal transactions Lending- and deposit-related fees Asset management, administration and commissions Investment securities gains/(losses) Mortgage fees and related income Card income Other income Noninterest revenue Interest income Interest expense Net interest income TOTAL NET REVENUE Provision for credit losses NONINTEREST EXPENSE Compensation expense Occupancy expense Technology, communications and equipment expense Professional and outside services Marketing Other expense (a) TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense 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 Overhead ratio $ $ 3Q22 1,674 5,383 1,731 5,069 (959) 314 1,086 900 15,198 25,611 8,093 17,518 32,716 1,537 10,539 1,162 2,366 2,481 1,017 1,613 19,178 12,001 2,264 9,737 3.13 3.12 15 % 18 1.01 18.9 59 $ $ $ 2Q22 1,586 4,990 1,873 5,240 (153) 378 1,133 540 15,587 18,646 3,518 15,128 30,715 1,101 10,301 1,129 2,376 2,469 881 1,593 18,749 10,865 2,216 8,649 2.77 2.76 13% 17 0.89 20.4 61 $ $ $ 1Q22 2,008 5,105 1,839 5,362 (394) 460 975 1,490 16,845 15,496 1,624 13,872 30,717 1,463 10,787 1,134 2,360 2,572 920 1,418 19,191 10,063 1,781 8,282 2.64 2.63 QUARTERLY TRENDS 13 % 16 0.86 17.7 62 $ $ $ 4Q21 3,494 2,182 1,784 5,549 52 315 1,100 1,180 15,656 15,019 1,418 13,601 29,257 (1,288) 9,065 1,202 2,461 2,703 947 1,510 17,888 12,657 2,258 10,399 3.33 3.33 16 % 19 1.08 17.8 61 $ $ $ 3Q21 3,282 3,546 1,801 5,257 (256) 600 1,005 1,332 16,567 14,480 1,400 13,080 29,647 (1,527) 9,087 1,109 2,473 2,523 712 1,159 17,063 14,111 2,424 11,687 3.74 3.74 18% 22 1.24 17.2 58 3Q22 Change 2Q22 6% 8 (8) (3) NM (17) (4) 67 (2) 37 130 16 7 40 2 3 15 1 2 10 2 13 13 13 JPMORGAN CHASE & CO. 3Q21 (49)% 52 (4) (4) (275) (48) 8 (32) (8) 77 478 34 10 NM 16 5 (4) (2) 43 39 12 (15) (7) (17) (16) (17) $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 5,268 15,478 5,443 15,671 (1,506) 1,152 3,194 2,930 47,630 59,753 13,235 46,518 94,148 4,101 31,627 3,425 7,102 7,522 2,818 4,624 57,118 32,929 6,261 26,668 8.53 8.51 14% 17 0.92 19.0 61 2021 $ 9,722 14,122 5,248 15,480 $ $ (397) 1,855 4,002 3,650 53,682 42,845 4,135 38,710 92,392 (7,968) 29,502 3,314 7,480 7,111 2,089 3,959 53,455 46,905 8,970 37,935 12.05 12.02 20% 24 1.37 19.1 58 2022 Change 2021 (46)% 10 4 1 (279) (38) (20) (20) (11) 39 220 20 2 NM 7 3 (5) 6 35 17 7 (30) (30) (30) (29) (29) (a) Included Firmwide legal expense of $47 million, $73 million, $119 million, $137 million and $76 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $239 million and $289 million for the nine months ended September 30, 2022 and September 30, 2021, respectively. (b) Quarterly ratios are based upon annualized amounts. (c) Refer to page 28 for further discussion of ROTCE. Page 4#6JPMORGAN CHASE & CO. CONSOLIDATED BALANCE SHEETS (in millions) ASSETS Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements Securities borrowed Trading assets: Debt and equity instruments Derivative receivables Available-for-sale ("AFS") securities Held-to-maturity ("HTM") securities, net of allowance for credit losses Investment securities, net of allowance for credit losses Loans Less: Allowance for loan losses Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment Goodwill, MSRs and other intangible assets Other assets TOTAL ASSETS LIABILITIES Deposits Federal funds purchased and securities loaned or sold under repurchase agreements Short-term borrowings Trading liabilities: Debt and equity instruments Derivative payables Accounts payable and other liabilities Beneficial interests issued by consolidated VIES Long-term debt TOTAL LIABILITIES STOCKHOLDERS' EQUITY Preferred stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income/(loss) Treasury stock, at cost TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ Sep 30, 2022 24,654 619,533 301,878 193,216 413,953 92,534 188,140 430,106 618,246 1,112,633 18,185 1,094,448 143,905 27,199 60,806 183,512 $ 3,773,884 $ 2,408,615 239,939 47,866 133,175 56,703 300,016 12,079 287,473 3,485,866 32,838 4,105 88,865 288,776 (19,134) (107,432) 288,018 $ 3,773,884 $ Jun 30, 2022 27,215 642,045 322,156 202,393 384,260 81,317 222,069 441,649 663,718 1,104,155 17,750 1,086,405 145,442 26,770 59,360 200,233 $ 3,841,314 $ 2,471,544 222,719 58,422 137,891 52,417 313,326 10,640 288,212 3,555,171 32,838 4,105 88,614 282,445 (14,369) (107,490) 286,143 $ 3,841,314 $ Mar 31, 2022 26,165 728,367 301,875 224,852 437,892 73,636 312,875 366,585 679,460 1,073,285 17,192 1,056,093 152,207 26,916 58,485 188,739 $ 3,954,687 $ 2,561,207 223,858 57,586 144,280 57,803 320,671 10,144 293,239 3,668,788 32,838 4,105 88,260 277,177 (9,567) (106,914) 285,899 $ 3,954,687 JPMORGAN CHASE & CO. Sep 30, 2022 Change $ Dec 31, 2021 26,438 714,396 261,698 206,071 376,494 57,081 308,525 363,707 672,232 1,077,714 16,386 1,061,328 102,570 27,070 56,691 181,498 $ 3,743,567 $ 2,462,303 194,340 53,594 114,577 50,116 262,755 10,750 301,005 3,449,440 34,838 4,105 88,415 272,268 (84) (105,415) 294,127 $ 3,743,567 $ Sep 30, 2021 25,857 734,012 282,161 202,987 447,993 67,908 251,590 343,542 595,132 1,044,615 18,150 1,026,465 116,395 26,996 56,566 175,104 $ 3,757,576 $ 2,402,353 254,920 50,393 126,058 53,485 268,604 13,257 298,465 3,467,535 34,838 4,105 88,357 265,276 963 (103,498) 290,041 $ 3,757,576 Jun 30, 2022 (9)% (4) (6) (5) (15) (3) E-N-ENNON (3) 8 (18) (3) 8 (4) 14 (2) | | |~ | - ~ (33) (2) Sep 30, 2021 (5)% (16) 7 (5) (8) 36 (25) 25 4 7 7 24 1 7 5 I (6) (5) 6 6 12 (9) (4) 1 (6) 1 9 NM (4) (1) Page 5#7JPMORGAN CHASE & CO. CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS (in millions, except rates) AVERAGE BALANCES 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) Total interest-earning assets Trading assets - equity and other instruments Trading assets - derivative receivables All other noninterest-earning assets TOTAL ASSETS LIABILITIES Interest-bearing deposits Federal funds purchased and securities loaned or sold under repurchase agreements Short-term borrowings (b) Trading liabilities - debt and all other interest-bearing liabilities (c) Beneficial interests issued by consolidated VIES Long-term debt Total interest-bearing liabilities Noninterest-bearing deposits Trading liabilities - equity and other instruments Trading liabilities - derivative payables All other noninterest-bearing liabilities TOTAL LIABILITIES Preferred stock Common stockholders' equity TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY AVERAGE RATES (d) INTEREST-EARNING ASSETS Deposits with banks Federal funds sold and securities purchased under resale agreements Securities borrowed (e) Trading assets - debt instruments Investment securities Loans All other interest-earning assets (a) Total interest-earning assets INTEREST-BEARING LIABILITIES Interest-bearing deposits Federal funds purchased and securities loaned or sold under repurchase agreements Short-term borrowings (b) Trading liabilities - debt and all other interest-bearing liabilities (c)(e) Beneficial interests issued by consolidated VIES Long-term debt Total interest-bearing liabilities INTEREST RATE SPREAD NET YIELD ON INTEREST-EARNING ASSETS Memo: Net yield on interest-earning assets excluding Markets (f) $ 3Q22 652,321 322,053 204,479 283,414 647,165 1,112,761 122,756 3,344,949 129,221 83,950 284,127 $ 3,842,247 $ 1,728,852 239,582 45,797 278,049 11,039 253,012 2,556,331 716,518 36,985 56,994 189,637 3,556,465 32,838 252,944 285,782 $ 3,842,247 1.83 % 1.74 1.50 3.36 1.84 5.00 3.57 3.05 0.73 2.10 1.35 1.49 2.24 3.77 1.26 1.79 2.09 2.81 $ 2Q22 694,644 305,132 207,437 273,736 672,799 1,093,106 139,040 3,385,894 151,309 84,483 289,957 $ 3,911,643 $ 1,790,421 233,376 50,833 274,435 10,577 246,195 2,605,837 741,891 40,937 61,026 181,128 3,630,819 32,838 247,986 280,824 $ 3,911,643 0.62 % 0.71 0.33 3.02 1.55 4.28 1.85 2.22 0.20 0.80 0.73 0.69 1.11 2.54 0.54 1.68 1.80 2.26 1Q22 $ QUARTERLY TRENDS 742,311 294,951 218,030 272,116 671,165 1,068,637 134,741 3,401,951 156,908 67,334 280,595 $ 3,906,788 $ 1,781,320 250,215 47,871 263,025 10,891 254,180 2,607,502 734,233 43,394 54,522 181,105 3,620,756 33,526 252,506 286,032 $ 3,906,788 0.13% 0.55 (0.16) 2.65 1.38 4.05 0.97 1.86 0.04 0.19 0.32 0.30 0.69 1.72 0.25 1.61 1.67 1.95 4Q21 $ 767,713 268,953 207,059 260,555 642,675 1,060,254 130,646 3,337,855 150,770 66,024 277,006 $ 3,831,655 736,203 (g) 40,645 55,063 184,241 3,543,012 34,838 253,805 288,643 $ 3,831,655 0.09 % 0.47 $ 1,731,609 (g) $ 1,677,837 (g) 234,504 46,456 246,675 240,912 43,759 241,297 14,232 257,593 2,475,630 11,906 255,710 2,526,860 (0.28) 2.52 1.26 4.04 0.87 1.80 0.03 0.13 0.26 0.20 0.56 1.61 0.22 1.58 1.63 1.90 3Q21 $ 756,653 262,679 189,418 275,860 565,344 1,042,591 127,241 3,219,786 177,315 65,574 262,544 $ 3,725,219 691,622 (g) 35,505 55,907 178,770 3,437,434 34,229 253,556 287,785 $ 3,725,219 0.09 % 0.35 (0.15) 2.43 1.32 3.99 0.64 1.80 0.03 0.20 0.26 0.09 0.50 1.62 0.22 1.58 1.62 1.91 3Q22 Change 2Q22 (6)% 6 (1) 4 * -ENN (4) (12) (1) (15) (2) (2) (3) (10) (2) (10) (2) (2) JPMORGAN CHASE & CO. NINE MONTHS ENDED SEPTEMBER 30, 3Q21 (14)% 23 8 3 14 7 (4) 4 (27) 28 8 3 3 WEIE WONA AWNN GGE (22) $ 2022 696,096 307,478 209,932 276,464 663,622 1,091,663 132,135 3,377,390 145,712 78,650 284,904 $ 3,886,656 $ 1,766,672 241,019 48,159 271,891 10,836 251,125 2,589,702 730,816 40,415 57,523 183,988 3,602,444 33,065 251,147 284,212 $ 3,886,656 0.83 % 1.02 0.55 3.01 1.59 4.45 2.09 2.38 0.32 1.03 0.79 0.84 1.36 2.68 0.68 1.70 1.85 2.34 $ 2021 703,616 269,324 185,127 291,673 577,566 1,027,023 120,529 3,174,858 180,253 70,139 264,077 $ 3,689,327 $1,652,807 267,659 43,998 239,666 15,501 248,581 2,468,212 653,685 35,312 62,089 187,601 3,406,899 32,417 250,011 282,428 $ 3,689,327 0.06 % 0.32 (0.17) 2.38 1.33 4.02 0.67 1.82 0.03 0.10 0.29 0.07 0.57 1.74 0.22 1.60 1.64 1.92 (a) Includes brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets, which are classified in other assets, on the Consolidated Balance Sheets. (b) Includes commercial paper. 2022 Change 2021 (1)% ០៣ លឺ ១៩ ១ ហិ ច ៨ (19) 7 (10) (30) G| NONANG- (c) All other interest-bearing liabilities include brokerage-related customer payables. (d) Interest includes the effect of related hedging derivatives. Taxable-equivalent amounts are used where applicable. (e) Negative interest income and yields are related to the impact of interest rates combined with the fees paid on client-driven securities borrowed balances. The negative interest expense related to prime brokerage customer payables is recognized in interest expense and reported within trading liabilities - debt and all other liabilities. (f) Net yield on interest-earning assets excluding Markets is a non-GAAP financial measure. Refer to page 28 for a further discussion of this measure. (g) Prior-period amounts have been revised to conform with the current presentation. Page 6#8JPMORGAN CHASE & CO. RECONCILIATION FROM REPORTED TO MANAGED BASIS (in millions, except ratios) JPMORGAN CHASE & CO. The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the U.S. ("U.S. GAAP"). That presentation, which is referred to as "reported" basis, provides the reader with an understanding of the Firm's results that can be tracked consistently from year-to-year and enables a comparison of the Firm's performance with other companies' U.S. GAAP financial statements. In addition to analyzing the Firm's results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a "managed" basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. Refer to the notes on Non-GAAP Financial Measures on page 28 for additional information on managed basis. The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis. OTHER INCOME Other income - reported Fully taxable-equivalent adjustments (a) Other income - managed TOTAL NONINTEREST REVENUE Total noninterest revenue reported Fully taxable-equivalent adjustments Total noninterest revenue managed NET INTEREST INCOME Net interest income - reported Fully taxable-equivalent adjustments (a) Net interest income-managed TOTAL NET REVENUE Total net revenue - reported Fully taxable-equivalent adjustments Total net revenue - managed PRE-PROVISION PROFIT Pre-provision profit - reported Fully taxable-equivalent adjustments Pre-provision profit - managed INCOME BEFORE INCOME TAX EXPENSE Income before income tax expense reported Fully taxable-equivalent adjustments Income before income tax expense managed INCOME TAX EXPENSE Income tax expense - reported Fully taxable-equivalent adjustments Income tax expense - managed OVERHEAD RATIO Overhead ratio - reported Overhead ratio - managed (a) Predominantly recognized in CIB, CB and Corporate. $ $ $ $ 15,198 663 15,861 $ $ $ $ 32,716 775 $ 33,491 $ $ $ 3Q22 $ 900 663 1,563 $ 17,518 112 17,630 13,538 775 14,313 12,001 775 12,776 2,264 775 3,039 59 % 57 $ $ $ $ $ $ $ $ $ $ $ $ $ 2Q22 540 812 1,352 15,587 812 16,399 15,128 103 15,231 30,715 915 31,630 11,966 915 12,881 10,865 915 11,780 2,216 915 3,131 61 % 59 $ $ $ $ $ $ $ $ $ 1Q22 30,717 873 $ 31,590 $ 1,490 775 2,265 11,526 873 $ 12,399 $ 16,845 775 17,620 13,872 98 13,970 10,063 873 10,936 1,781 873 $ 2,654 QUARTERLY TRENDS 62 % 61 $ $ $ $ 15,656 984 16,640 $ $ 13,601 108 13,709 $ $ $ $ $ $ 4Q21 $ 1,180 984 2,164 $ 29,257 1,092 30,349 11,369 1,092 12,461 12,657 1,092 13,749 2,258 1,092 3,350 61 % 59 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 3Q21 1,332 690 2,022 16,567 690 17,257 13,080 104 13,184 29,647 794 30,441 12,584 794 13,378 14,111 794 14,905 2,424 794 3,218 58 % 56 3Q22 Change 2Q22 67% (18) 16 (2) (18) (3) 16 9 16 7 (15) 6 13 (15) 11 10 (15) 8 2 (15) (3) 3Q21 (32)% (4) (23) (8) (4) (8) 34 8 34 10 (2) 10 8 (2) 7 (15) (2) (14) (6) $ $ $ $ $ $ $ $ $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, $ 2022 2,930 2,250 5,180 37,030 2,563 $ 39,593 47,630 2,250 49,880 46,518 313 46,831 94,148 2,563 96,711 32,929 2,563 35,492 6,261 2,563 8,824 61 % 59 $ $ $ 53,682 2,241 $ 55,923 $ $ $ 2021 92,392 2,563 $ 94,955 $ 3,650 2,241 5,891 $ $ 38,937 2,563 $ 41,500 38,710 322 39,032 $ 46,905 2,563 49,468 8,970 2,563 $ 11,533 58 % 56 2022 Change 2021 (20)% (12) (11) (11) 20 (3) 20 ~IN 2 (5) (5) (30) (28) (30) (23) Page 7#9JPMORGAN CHASE & CO. SEGMENT RESULTS - MANAGED BASIS (in millions) TOTAL NET REVENUE (fully taxable-equivalent ("FTE")) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NET REVENUE TOTAL NONINTEREST EXPENSE Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NONINTEREST EXPENSE PRE-PROVISION PROFIT/(LOSS) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate PRE-PROVISION PROFIT PROVISION FOR CREDIT LOSSES Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate PROVISION FOR CREDIT LOSSES NET INCOME/(LOSS) Consumer & Community Banking (a) Corporate & Investment Bank (a) Commercial Banking (a) Asset & Wealth Management (a) Corporate (a) TOTAL NET INCOME $ $ $ $ $ $ $ $ 3Q22 (607) $ 14,313 $ 14,331 11,875 3,048 4,539 (302) 33,491 8,047 6,618 1,180 3,028 305 19,178 6,284 5,257 1,868 1,511 529 513 618 (102) (21) 1,537 4,334 3,532 946 1,219 (294) 9,737 $ $ $ 7,723 6,745 1,156 2,919 206 $ 18,749 $ $ 2Q22 (126) $ 12,881 $ 12,614 11,947 2,683 4,306 80 31,630 $ 4,891 5,202 1,527 1,387 761 59 209 44 28 1,101 3,100 3,725 994 1,004 (174) 8,649 $ 12,229 13,529 2,398 4,315 (881) $ 31,590 $ $ $ $ $ $ 1Q22 $ QUARTERLY TRENDS 7,720 7,298 1,129 2,860 184 19,191 4,509 6,231 1,269 1,455 (1,065) 12,399 678 445 157 154 29 1,463 2,895 4,385 850 1,008 (856) 8,282 $ $ (545) $ 30,349 $ 7,754 5,827 1,059 2,997 251 $ 17,888 $ 4Q21 $ 12,275 11,534 2,612 4,473 $ 4,521 5,707 1,553 1,476 (796) 12,461 4,147 4,543 1,234 1,125 $ (650) $ 10,399 $ $ $ $ (1,060) $ (126) (89) (36) 23 (1,288) $ $ $ $ 3Q21 12,521 12,396 2,520 4,300 (1,296) 30,441 7,238 5,871 1,032 2,762 160 17,063 5,283 6,525 1,488 1,538 (1,456) 13,378 (459) (638) (363) (60) (7) (1,527) 4,351 5,647 1,409 1,196 (916) 11,687 3Q22 Change 2Q22 14% (1) 14 5 NM 6 4 (2) 2 4 48 2 28 1 22 9 (382) 11 (30) NM 196 NM NM 40 40 (5) (5) 21 (69) 13 JPMORGAN CHASE & CO. 3Q21 14% 21 6 10 11 13 14 10 91 12 19 (19) 26 (2) 58 7 NM NM NM (70) (200) NM (37) (33) 2 68 (17) $ $ $ 23,490 20,661 3,465 8,807 695 $ 57,118 $ $ $ 15,684 16,690 4,664 4,353 (1,798) 39,593 $ NINE MONTHS ENDED SEPTEMBER 30, $ 2022 $ 39,174 37,351 8,129 13,160 (1,103) 96,711 1,968 1,017 984 96 36 4,101 10,329 11,642 2,790 3,231 (1,324) 26,668 (a) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. $ $ 12,484 (2,938) $ 94,955 $ $ $ $ $ $ 2021 $ 37,798 40,215 7,396 21,502 19,498 2,982 7,922 1,551 53,455 16,296 20,717 4,414 4,562 (4,489) 41,500 (5,929) (1,048) (858) (191) 58 (7,968) 16,783 16,591 4,012 3,612 (3,063) 37,935 2022 Change 2021 4% (7) 10 5 62 2 9 6 16 11 (55) 7 (4) (19) 6 (5) 60 (5) NM NM NM NM (38) NM (38) (30) (30) (11) 57 (30) Page 8#10JPMORGAN CHASE & CO. CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS (in millions, except ratio data) CAPITAL (a) Risk-based capital metrics Standardized CET1 capital Tier 1 capital Total capital Risk-weighted assets CET1 capital ratio Tier 1 capital ratio Total capital ratio Advanced CET1 capital Tier 1 capital Total capital Risk-weighted assets CET1 capital ratio Tier 1 capital ratio Total capital ratio Leverage-based capital metrics Adjusted average assets (b) Tier 1 leverage ratio Total leverage exposure SLR TANGIBLE COMMON EQUITY (period-end) (c) Common stockholders' equity Less: Goodwill Less: Other intangible assets Add: Certain deferred tax liabilities (d) Total tangible common equity TANGIBLE COMMON EQUITY (average) (c) Common stockholders' equity Less: Goodwill Less: Other intangible assets Add: Certain deferred tax liabilities (d) Total tangible common equity INTANGIBLE ASSETS (period-end) Goodwill Mortgage servicing rights Other intangible assets Total intangible assets Sep 30, 2022 $ 209,661 (e) $ 207,436 236,354 (e) 239,705 268,104 (e) 268,339 1,682,182 (e) 1,704,893 12.5% (e) 14.1 (e) 15.9 (e) $209,661 (e) 236,354 (e) 256,204 (e) 1,614,348 (e) 13.0 % (e) 14.6 (e) 15.9 (e) $4,461,013 (e) 5.3% (e) $ 255,180 51,461 1,205 2,509 $ 205,023 $ 252,944 51,323 1,208 2,512 $ 202,925 Jun 30, 2022 $3,791,795 (e) $3,861,979 6.2 % (e) 6.2 % $ 51,461 8,140 1,205 60,806 $ 12.2 % 14.1 15.7 $207,436 239,705 257,329 1,613,210 12.9 % 14.9 16.0 $4,563,099 5.3% $253,305 50,697 1,224 2,509 $ 203,893 $247,986 50,575 1,119 2,503 $ 198,795 $ 50,697 7,439 1,224 $ 59,360 Mar 31, 2022 $207,903 240,076 269,536 1,750,678 11.9 % 13.7 15.4 $207,903 240,076 258,989 1,643,453 12.7 % 14.6 15.8 $3,857,783 6.2 % $4,586,537 5.2 % $ 253,061 50,298 893 2,496 $ 204,366 $ 252,506 50,307 896 2,498 $ 203,801 $ 50,298 7,294 893 $ 58,485 Dec 31, 2021 $213,942 246,162 274,900 1,638,900 13.1 % 15.0 16.8 $213,942 246,162 265,796 1,547,920 13.8 % 15.9 17.2 $3,782,035 6.5 % $4,571,789 5.4 % $259,289 50,315 882 2,499 $ 210,591 $ 253,805 50,362 896 2,502 $ 205,049 $ 50,315 5,494 882 $ 56,691 Sep 30, 2021 $ 209,917 244,207 274,994 1,628,406 12.9 % 15.0 16.9 $209,917 244,207 264,469 1,544,512 13.6 % 15.8 17.1 $3,675,803 6.6 % $4,463,904 5.5 % $ 255,203 50,313 902 2,500 $206,488 $ 253,556 49,457 849 2,480 $ 205,730 $ 50,313 5,351 902 $ 56,566 Sep 30, 2022 Change Jun 30, 2022 1% (1) (1) - €11 (2) (2) 1 2 (2) 1 N 100 N 2 9 (2) 2 JPMORGAN CHASE & CO. Sep 30, 2021 (3) 3 2 34 (1) | 4 42 1 % (1) 2 52 34 7 NINE MONTHS ENDED SEPTEMBER 30, 2022 $ 251,147 50,739 1,076 2,504 $ 201,836 2021 $ 250,011 49,323 868 2,465 $ 202,285 2022 Change 2021 % | NEW ! (a) The capital metrics reflect the relief provided by the Federal Reserve Board in response to the COVID-19 pandemic, including the CECL capital transition provisions. Beginning January 1, 2022, the $2.9 billion CECL capital benefit recognized as of December 31, 2021, is being phased out at 25% per year over a three-year period. As of September 30, 2022, June 30, 2022 and March 31, 2022, CET1 capital reflected the remaining $2.2 billion CECL benefit. For the periods ended December 31, 2021 and September 30, 2021, the impact of the CECL capital transition provisions resulted in an increase to CET1 capital of $2.9 billion and $3.3 billion, respectively. Refer to Capital Risk Management on pages 44-49 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, and pages 86-96 of the Firm's 2021 Form 10-K for additional information. (b) Adjusted average assets, for purposes of calculating the leverage ratios, includes quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill, inclusive of estimated equity method goodwill, and other intangible assets. (c) Refer to page 28 for further discussion of TCE. (d) Represents deferred tax liabilities related to tax-deductible goodwill and to identifiable intangibles created in nontaxable transactions, which are netted against goodwill and other intangibles when calculating TCE. (e) Estimated. Page 9#11JPMORGAN CHASE & CO. EARNINGS PER SHARE AND RELATED INFORMATION (in millions, except per share and ratio data) EARNINGS PER SHARE Basic earnings per share Net income Less: Preferred stock dividends Net income applicable to common equity Less: Dividends and undistributed earnings allocated to participating securities Net income applicable to common stockholders Total weighted-average basic shares outstanding Net income per share Diluted earnings per share Net income applicable to common stockholders Total weighted-average basic shares outstanding Add: Dilutive impact of stock appreciation rights ("SARS") and employee stock options, unvested performance share units ("PSUS") and nondividend-earning restricted stock units ("RSUS") Total weighted-average diluted shares outstanding Net income per share COMMON DIVIDENDS Cash dividends declared per share Dividend payout ratio COMMON SHARE REPURCHASE PROGRAM (a) Total shares of common stock repurchased Average price paid per share of common stock Aggregate repurchases of common stock EMPLOYEE ISSUANCE Shares issued from treasury stock related to employee stock-based compensation awards and employee stock purchase plans Net impact of employee issuances on stockholders' equity (b) $ $ $ $ $ $ $ 3Q22 9,737 432 9,305 50 9,255 2,961.2 3.13 9,255 2,961.2 4.2 2,965.4 3.12 1.00 32% | | | 0.6 304 $ $ $ $ 2Q22 $ 8,195 2,962.2 GA 8,649 410 8,239 $ 44 8,195 2,962.2 2.77 4.1 2,966.3 2.76 1.00 5.0 $ 124.88 622 36% 0.5 398 $ 8,282 397 7,885 $ $ $ 1Q22 $ 40 7,845 2,977.0 2.64 7,845 2,977.0 4.0 2,981.0 2.63 1.00 38 % 18.1 $ 138.04 2,500 QUARTERLY TRENDS 11.0 843 $ 10,399 426 9,973 46 $ 9,927 $ $ 4Q21 $ $ 2,977.3 3.33 9,927 2,977.3 4.5 2,981.8 3.33 1.00 30 % 12.1 165.47 2,008 1.1 $ 147 $ 11,687 402 11,285 $ $ 2,999.9 $ 3.74 $ 3Q21 $ 56 11,229 $ 11,229 2,999.9 5.2 3,005.1 3.74 1.00 27% 33.4 $ 156.87 5,240 0.5 271 3Q22 Change 2Q22 13 % 5 13 دن 14 13 13 13 2 13 NM NM NM 20 (24) JPMORGAN CHASE & CO. 3Q21 (17)% 7 (18) (11) (18) (1) (16) (18) (1) (19) (1) (17) I NM NM NM 20 12 NINE MONTHS ENDED SEPTEMBER 30, $ 26,668 1,239 25,429 2022 134 $ 25,295 $ $ $ 25,295 2,966.8 2,966.8 8.53 4.1 2,970.9 8.51 3.00 35 % 23.1 $ 135.20 3,122 12.1 $ 1,545 $ 37,935 1,174 36,761 2021 185 $36,576 $ $36,576 3,036.4 $ 3,036.4 12.05 5.3 3,041.7 12.02 2.80 23% 107.6 152.79 16,440 13.4 $ 1,214 2022 Change 2021 (30)% 6 (31) (28) (31) (2) (29) (31) (2) (23) (2) (29) 7 (79) (12) (81) (10) 27 (a) The Firm is authorized to purchase up to $30 billion of common shares under its current repurchase program. As a result of the expected increases in regulatory capital requirements, the Firm has temporarily suspended share repurchases. (b) The net impact of employee issuances on stockholders' equity is driven by the cost of equity compensation awards that is recognized over the applicable vesting periods. The cost is partially offset by tax impacts related to the distribution of shares and the exercise of employee stock options and SARS. Page 10#12JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS (in millions, except ratio data) INCOME STATEMENT REVENUE Lending- and deposit-related fees Asset management, administration and commissions Mortgage fees and related income Card income All other income Noninterest revenue Net interest income TOTAL NET REVENUE Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense (a) TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense (b) NET INCOME (b) REVENUE BY LINE OF BUSINESS Consumer & Business Banking Home Lending Card & Auto MORTGAGE FEES AND RELATED INCOME DETAILS Production revenue Net mortgage servicing revenue (c) Mortgage fees and related income FINANCIAL RATIOS ROE Overhead ratio $ $ $ $ 3Q22 822 939 313 665 1,023 3,762 10,569 14,331 529 3,345 4,702 8,047 5,755 1,421 4,334 8,010 920 5,401 93 220 313 33% 56 $ $ 2Q22 $ 855 947 377 678 1,049 3,906 8,708 12,614 761 3,237 4,486 7,723 4,130 1,030 3,100 $ 6,558 1,001 5,055 150 227 377 24 % 61 $ $ 1Q22 $ 805 929 456 590 1,122 3,902 8,327 12,229 678 3,831 936 $ 2,895 3,171 4,549 7,720 6,062 1,169 4,998 211 245 456 QUARTERLY TRENDS 23 % 63 $ 4Q21 $ 753 950 312 675 1,144 3,834 8,441 12,275 (1,060) 3,177 4,577 7,754 5,581 1,434 $ 4,147 6,172 1,084 5,019 327 (15) 312 32% (b) 63 $ $ $ $ 3Q21 786 893 596 651 1,212 4,138 8,383 12,521 (459) 3,012 4,226 7,238 5,742 1,391 4,351 6,157 1,400 4,964 614 (18) 596 34% 58 3Q22 Change 2Q22 (4)% (1) (17) (2) (2) (4) 21 14 (30) 3 5 4 39 38 40 22 (8) 7 (38) (3) (17) JPMORGAN CHASE & Co. 3Q21 5% 5 (47) 2 (16) (9) 26 14 NM 11 11 11 | N | 30 (34) 9 (85) NM (47) $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 2,482 2,815 1,146 1,933 3,194 11,570 27,604 39,174 1,968 9,753 13,737 23,490 13,716 3,387 10,329 20,630 3,090 15,454 454 692 1,146 27 60 % $ $ $ $ 2021 2,281 2,564 1,847 2,888 3,872 13,452 24,346 37,798 (5,929) 8,965 12,537 21,502 22,225 5,442 16,783 17,808 4,207 15,783 1,888 (41) 1,847 44 % 57 2022 Change 2021 9% 10 (38) (33) (18) (14) 13 4 NM 9 10 9 (38) (38) (38) 16 (27) (2) (76) NM (38) (a) Included depreciation expense on leased assets of $605 million, $652 million, $694 million, $767 million and $769 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $2.0 billion and $2.5 billion for the nine months ended September 30, 2022 and 2021, respectively. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Included MSR risk management results of $54 million, $28 million, $109 million, $(162) million and $(145) million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $191 million and $(363) million for the nine months ended September 30, 2022 and 2021, respectively. Page 11#13JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except headcount data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Consumer & Business Banking (a) Home Lending (b) Card Auto Total loans Deposits Equity SELECTED BALANCE SHEET DATA (average) Total assets Loans: Consumer & Business Banking Home Lending (c) Card Auto Total loans Deposits Equity Headcount 3Q22 $ 500,752 30,230 174,618 170,462 67,201 442,511 1,173,241 50,000 $ 498,858 30,788 176,852 168,125 66,979 442,744 1,174,227 50,000 133,803 $ 2Q22 500,219 31,494 176,939 165,494 67,842 441,769 1,178,825 50,000 $ 496,177 32,294 177,330 158,434 68,569 436,627 1,180,453 50,000 130,907 1Q22 QUARTERLY TRENDS $ 486,183 32,772 172,025 152,283 69,251 426,331 1,189,308 50,000 $ 488,967 33,742 176,488 149,398 69,250 428,878 1,153,513 50,000 129,268 4Q21 $ 500,370 35,095 180,529 154,296 69,138 439,058 1,148,110 50,000 $ 497,675 37,299 183,343 148,471 68,549 437,662 1,114,329 50,000 128,863 $ $ 3Q21 493,169 40,659 179,489 143,166 68,391 431,705 1,093,852 50,000 491,512 43,256 181,150 141,950 67,785 434,141 1,076,323 50,000 126,586 3Q22 Change 2Q22 - % (4) 3 (1) 1 IT 1 (5) 6 (2) 1 (1) 1 2 JPMORGAN CHASE & Co. 3Q21 2% (26) (3) 19 (2) 3 7 1 (29) (2) 18 (1) 2 9 6 $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 500,752 30,230 174,618 170,462 67,201 442,511 1,173,241 50,000 494,704 32,264 176,891 158,721 68,258 436,134 1,169,474 50,000 133,803 2021 $ 493,169 $ 40,659 179,489 143,166 68,391 431,705 1,093,852 50,000 487,107 47,469 180,276 137,687 67,313 432,745 1,034,947 50,000 126,586 2022 Change 2021 2% (26) (3) 19 (2) 3 7 2 (32) (2) 15 1 1 13 6 (a) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021 included $791 million, $1.5 billion, $2.9 billion, $5.4 billion and $11.1 billion of loans, respectively, in Business Banking under the Paycheck Protection Program ("PPP"). Refer to page 109 of the Firm's 2021 Form 10-K for further information on the PPP. (b) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, Home Lending loans held-for-sale and loans at fair value were $4.1 billion, $5.2 billion, $5.8 billion, $14.9 billion and $14.5 billion, respectively. (c) Average Home Lending loans held-for sale and loans at fair value were $5.9 billion, $8.1 billion, $10.8 billion, $17.8 billion and $17.1 billion for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $8.3 billion and $14.6 billion for the nine months ended September 30, 2022 and 2021, respectively. Page 12#14JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio data) CREDIT DATA AND QUALITY STATISTICS Nonaccrual loans (a)(b)(c) Net charge-offs/(recoveries) Consumer & Business Banking Home Lending Card Auto Total net charge-offs/(recoveries) Net charge-off/(recovery) rate Consumer & Business Banking (d) Home Lending Card Auto Total net charge-off/(recovery) rate 30+ day delinquency rate Home Lending (e)(f) Card Auto 90+ day delinquency rate - Card Allowance for loan losses Consumer & Business Banking Home Lending Card Auto Total allowance for loan losses $ $ $ $ 3Q22 3,936 105 (59) 592 41 679 1.35 % (0.14) 1.40 0.24 0.62 0.78 % 1.23 0.75 0.57 722 667 10,400 715 12,504 $ $ $ 2Q22 4,217 81 (68) 580 18 611 1.01 % (0.16) 1.47 0.11 0.57 0.85 % 1.05 0.69 0.51 697 785 10,400 740 12,622 $ $ $ 1Q22 QUARTERLY TRENDS 4,531 89 (69) 506 27 553 1.07 % (0.17) 1.37 0.16 0.54 1.03 % 1.09 0.57 0.54 697 785 10,250 738 12,470 $ $ $ 4Q21 4,875 86 (71) 479 21 515 0.91 % (0.17) 1.28 0.12 0.49 1.25 % 1.04 0.64 0.50 697 660 10,250 733 12,340 $ $ $ $ 3Q21 5,000 66 (74) 495 4 491 0.61 % (0.18) 1.39 0.02 0.47 1.06 % 1.00 0.46 0.49 797 630 11,650 813 13,890 3Q22 Change 2Q22 (7)% 30 13 2 128 11 4 (15) | JPMORGAN CHASE & CO. (3) (1) 3Q21 (21)% 59 20 20 NM 38 (9) 6 (11) (12) (10) $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 3,936 275 (196) 1,678 86 1,843 1.14 % (0.16) 1.41 0.17 0.58 0.78 % 1.23 0.75 0.57 722 667 10,400 715 12,504 $ $ $ $ 2021 5,000 203 (204) 2,233 14 2,246 0.57 % (0.16) 2.18 0.03 0.72 1.06 % 1.00 0.46 0.49 797 630 11,650 813 13,890 2022 Change 2021 (21)% 35 4 (25) NM (18) (9) 6 (11) (12) (10) (a) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonaccrual loans excluded mortgage loans 90 or more days past due and insured by U.S. government agencies of $219 million, $257 million, $315 million, $342 million and $355 million, respectively. These amounts have been excluded based upon the government guarantee. In addition, the Firm's policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. (b) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonaccrual loans excluded $57 million, $86 million, $179 million, $506 million and $5 million of PPP loans 90 or more days past due and guaranteed by the SBA, respectively. (c) Generally excludes loans that were under payment deferral programs offered in response to the COVID-19 pandemic. Includes loans to customers that have exited COVID-19 payment deferral programs and are 90 or more days past due, predominantly all of which were considered collateral-dependent at time of exit. (d) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021 included $791 million, $1.5 billion, $2.9 billion, $5.4 billion and $11.1 billion of loans, respectively, under the PPP. Given that PPP loans are guaranteed by the SBA, the Firm does not expect to realize material credit losses on these loans. Refer to page 109 of the Firm's 2021 Form 10-K for further information on the PPP. (e) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, the principal balance of loans under payment deferral programs offered in response to the COVID-19 pandemic was $454 million, $513 million, $728 million, $1.1 billion and $3.1 billion in Home Lending, respectively. Loans that are performing according to their modified terms are generally not considered delinquent. (f) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, excluded mortgage loans 30 or more days past due and insured by U.S. government agencies of $284 million, $315 million, $370 million, $405 million and $432 million, respectively. These amounts have been excluded based upon the government guarantee. Page 13#15JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio data and where otherwise noted) BUSINESS METRICS Number of: Branches Active digital customers (in thousands) (a) Active mobile customers (in thousands) (b) Debit and credit card sales volume (in billions) Consumer & Business Banking Average deposits Deposit margin Business banking origination volume Client investment assets (c) Number of client advisors Home Lending (in billions) Mortgage origination volume by channel Retail Correspondent Total mortgage origination volume (d) Third-party mortgage loans serviced (period-end) MSR carrying value (period-end) Ratio of MSR carrying value (period-end) to third-party mortgage loans serviced (period-end) MSR revenue multiple (e) $ Auto Loan and lease origination volume (in billions) Average auto operating lease assets $ $ $1,156,933 $ Credit Card Credit card sales volume, excluding Commercial Card (in billions) $ Net revenue rate 3Q22 $ 4,802 61,985 48,904 395.8 1.83 % 977 615,048 5,017 7.8 4.3 12.1 586.7 8.1 1.38 % 4.93 x 272.3 9.92 % 7.5 13,466 $ $ $ $ 1,163,423 1.31 1,196 628,479 4,890 $ $ 2Q22 $ 4,822 60,735 47,436 397.0 11.0 10.9 21.9 575.6 7.4 1.29 % 4.45 x 271.2 % 9.59 % 7.0 14,866 $ $ $ $1,136,115 $ $ 1Q22 $ 4,810 60,286 46,527 351.5 1.22 1,028 696,316 4,816 15.1 9.6 24.7 575.4 7.3 236.4 QUARTERLY TRENDS 1.27 % 4.70 X % 8.4 16,423 9.87 % $ 376.2 $ $ 1,094,442 $ $ 4Q21 $ 4,790 58,857 45,452 $ 1.22 % 866 718,051 4,725 22.4 19.8 42.2 519.2 (f) 5.5 1.06 % (f) 3.79 x (f) 254.1 9.61 % 8.5 17,629 $ $ $ $1,056,254 1.29 835 681,491 4,689 $ $ 3Q21 $ 4,854 57,961 44,333 349.9 23.7 17.9 41.6 509.3 5.3 1.04 % 3.85 x 232.0 % 9.74 % 11.5 18,753 (f) Prior-period amounts have been revised to conform with the current presentation. (g) Included $10.6 billion of origination volume under the PPP for the nine months ended September 30, 2021. The program ended on May 31, 2021 for new applications. 3Q22 Change 2Q22 - % 2 3 T (1) (18) (2) 3 (29) (61) (45) 2 9 JPMORGAN CHASE & Co. 7 (9) 3Q21 (1)% 7 10 13 10 17 (10) (67) (76) (71) 15 53 17 (35) (28) $ $ NINE MONTHS ENDED SEPTEMBER 30, $ 2022 4,802 61,985 48,904 $ 1,152,233 1.46 $ 3,201 615,048 5,017 1,144.3 33.9 24.8 58.7 586.7 8.1 % 1.38 % 4.93 x 779.9 9.79 % 22.9 14,908 $ $ 2021 $ 1,015,475 $ 4,854 57,961 44,333 1.29 % $ 13,050 (g) 681,491 4,689 $ 984.5 69.4 51.1 120.5 509.3 5.3 1.04 % 3.85 x 639.4 10.84 35.1 19,548 % 2022 Change 2021 (1)% 7 10 16 13 (75) (10) 7 (51) (51) (51) 15 53 22 (35) (24) (a) Users of all web and/or mobile platforms who have logged in within the past 90 days. (b) Users of all mobile platforms who have logged in within the past 90 days. (c) Includes assets invested in managed accounts and J.P. Morgan mutual funds where AWM is the investment manager. Refer to AWM segment results on pages 20-22 for additional information. (d) Firmwide mortgage origination volume was $15.2 billion, $27.9 billion, $30.2 billion, $48.2 billion and $46.1 billion for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $73.3 billion and $134.2 billion for the nine months ended September 30, 2022 and 2021, respectively. (e) Represents the ratio of MSR carrying value (period-end) to third-party mortgage loans serviced (period-end) divided by the ratio of annualized loan servicing-related revenue to third-party mortgage loans serviced (average). Page 14#16JPMORGAN CHASE & CO. CORPORATE & INVESTMENT BANK FINANCIAL HIGHLIGHTS (in millions, except ratio data) INCOME STATEMENT REVENUE Investment banking fees Principal transactions Lending- and deposit-related fees Asset management, administration and commissions All other income Noninterest revenue Net interest income TOTAL NET REVENUE (a) Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense (b) NET INCOME (b) FINANCIAL RATIOS ROE Overhead ratio Compensation expense REVENUE BY BUSINESS Investment Banking Payments Lending Total Banking Fixed Income Markets Equity Markets Securities Services percentage of total net revenue Credit Adjustments & Other (c) Total Markets & Securities Services TOTAL NET REVENUE $ $ $ 3Q22 1,762 5,258 589 1,198 424 9,231 2,644 11,875 513 3,311 3,307 6,618 4,744 1,212 3,532 13% 56 28 1,713 1,989 323 4,025 4,469 2,302 1,110 (31) 7,850 11,875 $ 2Q22 $ 1,650 5,048 641 1,330 80 8,749 3,198 11,947 59 3,510 3,235 6,745 5,143 1,418 $ 3,725 14 % 56 29 1,351 1,463 410 3,224 4,711 3,079 1,151 (218) 8,723 $ 11,947 $ 1Q22 2,050 5,223 641 1,339 704 9,957 3,572 13,529 445 4,006 3,292 7,298 5,786 1,401 $ 4,385 17% 54 30 2,057 1,854 321 4,232 5,698 3,055 1,068 (524) QUARTERLY TRENDS 9,297 $ 13,529 $ $ $ 4Q21 3,502 2,116 654 1,252 624 8,148 3,386 11,534 (126) 2,358 3,469 5,827 5,833 1,290 4,543 21% (b) 51 20 3,206 1,801 263 5,270 3,334 1,954 1,064 (88) 6,264 $ 11,534 $ 3Q21 3,297 3,577 634 1,240 313 9,061 3,335 12,396 (638) 2,827 3,044 5,871 7,163 1,516 $ 5,647 26 % 47 23 $ 3,025 1,624 244 4,893 3,672 2,597 1,126 108 7,503 $ 12,396 3Q22 Change 2Q22 7% 4 (8) (10) 430 6 (17) (1) NM (6) 2 (2) (8) (15) (5) 27 36 (21) 25 (5) (25) (4) 86 (10) (1) JPMORGAN CHASE & CO. 3Q21 (47)% 47 (7) (3) 35 2 (21) (4) NM 17 9 13 (34) (20) (37) (43) 22 32 (18) 22 (11) (1) NM 5 (4) $ NINE MONTHS ENDED SEPTEMBER 30, $ 2022 5,462 15,529 1,871 3,867 1,208 27,937 9,414 37,351 1,017 10,827 9,834 20,661 15,673 4,031 $ 11,642 14 % 55 29 5,121 5,306 1,054 11,481 14,878 8,436 3,329 (773) 25,870 $ 37,351 $ $ $ 2021 9,857 13,648 1,860 3,772 924 30,061 10,154 40,215 (1,048) 10,738 8,760 19,498 21,765 5,174 16,591 26% (b) 48 27 9,300 4,469 738 14,507 13,531 8,575 3,264 338 25,708 $ 40,215 2022 Change 2021 (45)% 14 1 3 31 (7) (7) (7) NM 1 12 6 (28) (22) (30) (45) 19 43 SNN (21) 10 (2) 2 NM 1 (7) (a) Includes tax-equivalent adjustments, predominantly due to income tax credits related to alternative energy investments; income tax credits and amortization of the cost of investments in affordable housing projects; as well as tax-exempt income from municipal bonds of $626 million, $772 million, $737 million, $923 million and $641 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $2.1 billion for both the nine months ended September 30, 2022 and 2021. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Consists primarily of centrally managed credit valuation adjustments ("CVA"), funding valuation adjustments ("FVA") on derivatives, other valuation adjustments, and certain components of fair value option elected liabilities. Results are presented net of associated hedging activities and net of CVA and FVA amounts allocated to Fixed Income Markets and Equity Markets. Page 15#17JPMORGAN CHASE & CO. CORPORATE & INVESTMENT BANK FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio and headcount data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Loans retained (a) Loans held-for-sale and loans at fair value (b) Total loans Equity SELECTED BALANCE SHEET DATA (average) Total assets Trading assets - debt and equity instruments Trading assets - derivative receivables Loans: Loans retained (a) Loans held-for-sale and loans at fair value (b) Total loans Equity Headcount CREDIT DATA AND QUALITY STATISTICS Net charge-offs/(recoveries) Nonperforming assets: Nonaccrual loans: Nonaccrual loans retained (c) Nonaccrual loans held-for-sale and loans at fair value (d) Total nonaccrual loans Derivative receivables Assets acquired in loan satisfactions Total nonperforming assets Allowance for credit losses: Allowance for loan losses Allowance for lending-related commitments Total allowance for credit losses Net charge-off/(recovery) rate (a)(e) Allowance for loan losses to period-end loans retained (a) Allowance for loan losses to period-end loans retained, excluding trade finance and conduits (f) Allowance for loan losses to nonaccrual loans retained (a)(c) Nonaccrual loans to total period-end loans 3Q22 $1,384,618 180,604 40,357 220,961 103,000 $1,403,247 386,895 83,084 176,469 45,150 221,619 103,000 71,797 $ 17 583 824 1,407 339 85 1,831 2,032 1,582 3,614 0.04 % 1.13 1.49 349 0.64 2Q22 $1,403,558 $ 171,219 46,032 217,251 103,000 $1,429,953 411,079 83,582 169,909 48,048 217,957 103,000 69,447 38 697 840 1,537 447 84 2,068 1,809 1,358 3,167 0.09 % 1.06 1.38 260 0.71 1Q22 $1,460,463 $ 167,791 47,260 215,051 103,000 $1,407,835 419,346 66,692 160,976 51,398 212,374 103,000 68,292 20 871 949 1,820 597 91 2,508 1,687 1,459 3,146 QUARTERLY TRENDS 0.05% 1.01 1.31 194 0.85 4Q21 $1,259,896 $ 159,786 50,386 210,172 83,000 $1,341,267 407,656 65,365 153,595 52,429 206,024 83,000 67,546 23 584 844 1,428 316 91 1,835 1,348 1,372 2,720 0.06 % 0.84 1.12 231 0.68 3Q21 $1,355,752 $ 151,211 52,436 203,647 83,000 $1,331,240 442,623 64,730 149,826 53,712 203,538 83,000 66,267 2 547 1,234 1,781 393 95 2,269 1,442 1,426 2,868 0.01 % 0.95 1.29 264 0.87 3Q22 Change 2Q22 (1)% 5 (12) 2 (2) (6) (1) 4 (6) 2 3 (55) (16) (2) (8) (24) 1 (11) 12 16 14 JPMORGAN CHASE & CO. 3Q21 2% 19 (23) 9 24 5 (13) 28 18 (16) 9 24 8 NM 7 (33) (21) (14) (11) (19) 41 11 26 NINE MONTHS ENDED SEPTEMBER 30, 2022 $1,384,618 $ 180,604 40,357 220,961 103,000 $1,413,662 405,655 77,846 169, 175 48,176 217,351 103,000 71,797 75 583 824 1,407 339 85 1,831 2,032 1,582 3,614 0.06 % 1.13 1.49 349 0.64 2021 $1,355,752 $ 151,211 52,436 203,647 83,000 $1,332,244 461,728 69,159 142,286 50,616 192,902 83,000 66,267 (17) 547 1,234 1,781 393 95 2,269 1,442 1,426 2,868 (0.02)% 0.95 1.29 264 0.87 2022 Change 2021 2% 19 (23) 9 24 6 (12) 13 19 (5) 13 24 8 NM 7 (33) (21) (14) (11) (19) 41 11 26 (a) Loans retained includes credit portfolio loans, loans held by consolidated Firm-administered multi-seller conduits, trade finance loans, other held-for-investment loans and overdrafts. (b) Loans held-for-sale and loans at fair value primarily reflect lending related positions originated and purchased in CIB Markets, including loans held for securitization. (c) Allowance for loan losses of $111 million, $130 million, $226 million, $58 million and $138 million were held against nonaccrual loans at September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively. (d) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonaccrual loans excluded mortgage loans 90 or more days past due and insured by U.S. government agencies of $143 million, $196 million, $283 million, $281 million and $289 million, respectively. These amounts have been excluded based upon the government guarantee. (e) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate. (f) Management uses allowance for loan losses to period-end loans retained, excluding trade finance and conduits, a non-GAAP financial measure, to provide a more meaningful assessment of CIB's allowance coverage ratio. Page 16#18JPMORGAN CHASE & CO. CORPORATE & INVESTMENT BANK FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except where otherwise noted) BUSINESS METRICS Advisory Equity underwriting Debt underwriting Total investment banking fees Client deposits and other third-party liabilities (average) (a) Merchant processing volume (in billions) (b) Assets under custody ("AUC") (period-end) (in billions) 95% Confidence Level - Total CIB VaR (average) CIB trading VaR by risk type: (c) Fixed income Foreign exchange Equities Commodities and other Diversification benefit to CIB trading VaR (d) CIB trading VaR (c) Credit Portfolio VaR (e) Diversification benefit to CIB VaR (d) CIB VaR $ $ $ 3Q22 $ 848 290 624 1,762 669,215 $ 27,157 545.4 64 9 11 14 (47) 51 10 (8) 53 $ $ $ 2Q22 $ 664 245 741 1,650 722,388 $ 28,579 539.6 60 8 11 14 (43) 50 17 (15) 52 $ $ $ 1Q22 $ QUARTERLY TRENDS 801 249 1,000 2,050 709,121 $ 31,571 490.2 47 4 12 15 (33) 45 29 (10) 64 $ $ 4Q21 $ 1,557 802 1,143 3,502 717,496 $ 33,221 514.9 39 4 12 12 (31) 36 5 (4) 37 $ $ $ 3Q21 1,228 1,032 1,037 3,297 714,376 470.9 31,962 38 5 11 11 (33) 32 5 (4) 33 3Q22 Change 2Q22 28 % 18 (16) 7 (7) 1 (5) 7 13 (9) 2 (41) 47 2 JPMORGAN CHASE & CO. 3Q21 (31)% (72) (40) (47) (6) 16 (15) 68 80 27 (42) 59 100 (100) 61 $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 2,313 784 2,365 5,462 700,095 1,575.2 27,157 $ $ $ 2021 2,824 3,151 3,882 9,857 714,039 1,371.8 31,962 2022 Change 2021 (18)% (75) (39) (45) (2) 15 (15) (a) Client deposits and other third-party liabilities pertain to the Payments and Securities Services businesses. (b) Represents total merchant processing volume across CIB, CCB and CB. (c) CIB trading VaR includes substantially all market-making and client-driven activities, as well as certain risk management activities in CIB, including credit spread sensitivity to CVA. Refer to VaR measurement on pages 135-137 of the Firm's 2021 Form 10-K, and pages 75-77 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022 for further information. (d) Diversification benefit represents the difference between the portfolio VaR and the sum of its individual components. This reflects the non-additive nature of VaR due to imperfect correlation across CIB risks. (e) Credit portfolio VaR includes the derivative CVA, hedges of the CVA and hedges of the retained loan portfolio, which are reported in principal transactions revenue. This VaR does not include the retained loan portfolio, which is not reported at fair value. In the first quarter of 2022, in line with the Firm's internal model governance, the credit risk component of CVA related to certain counterparties was removed from Credit Portfolio VaR due to the widening of the credit spreads for those counterparties to elevated levels. The related hedges were also removed to maintain consistency. This exposure is now reflected in other sensitivity-based measures. Page 17#19JPMORGAN CHASE & CO. COMMERCIAL BANKING FINANCIAL HIGHLIGHTS (in millions, except ratio data) INCOME STATEMENT REVENUE Lending- and deposit-related fees All other income Noninterest revenue Net interest income TOTAL NET REVENUE (a) Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense (b) NET INCOME (b) REVENUE BY PRODUCT Lending Payments Investment banking (c) Other TOTAL NET REVENUE (a) Investment banking revenue, gross (d) REVENUE BY CLIENT SEGMENT Middle Market Banking Corporate Client Banking Commercial Real Estate Banking Other TOTAL NET REVENUE (a) FINANCIAL RATIOS ROE Overhead ratio $ $ $ $ $ 3Q22 $ 288 548 836 2,212 3,048 618 577 603 1,180 1,250 304 946 1,176 1,568 274 30 3,048 761 $ 1,366 1,052 624 6 3,048 14 % 39 $ $ $ $ 2Q22 $ 348 556 904 1,779 2,683 209 559 597 1,156 1,058 1,205 282 138 $ 2,683 1,318 324 994 788 1,169 927 590 (3) 2,683 15 % 43 $ $ $ $ $ $ $ 1Q22 364 503 867 1,531 2,398 157 553 576 1,129 QUARTERLY TRENDS 1,112 262 850 1,105 981 260 52 2,398 729 980 830 581 7 2,398 13% 47 $ $ $ $ 4Q21 $ 356 718 1,074 1,538 2,612 (89) 1,151 949 475 37 $ 2,612 496 563 1,059 1,642 408 1,234 1,456 1,062 928 614 8 $ 2,612 19% (b) 41 $ $ $ $ 3Q21 $ 355 633 988 1,532 2,520 442 $ 1,409 (363) 511 521 1,032 1,851 1,138 947 416 19 2,520 1,343 1,017 878 602 23 $ 2,520 22% 41 3Q22 Change 2Q22 (17)% (1) (8) 24 14 196 3 1 2 (5) (6) (5) 11 30 (3) (78) 14 (3) 17 13 6 NM 14 JPMORGAN CHASE & Co. 3Q21 (19)% (13) (15) 44 21 NM 13 16 14 (32) (31) (33) 3 66 (34) 58 21 (43) 34 20 4 (74) 21 $ $ $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 1,000 1,607 2,607 5,522 8,129 984 1,689 1,776 3,465 3,680 890 2,790 3,339 3,754 816 220 8,129 2,278 3,515 2,809 1,795 10 8,129 14 % 43 $ $ $ $ $ $ $ 2021 1,036 1,819 2,855 4,541 7,396 (858) 1,477 1,505 2,982 5,272 1,260 4,012 3,478 2,704 1,136 78 7,396 3,636 2,942 2,580 1,805 69 7,396 21 % 40 2022 Change 2021 (3)% (12) (9) 22 10 NM 14 18 16 (30) (29) (30) (4) 39 (28) 182 10 (37) 19 9 (1) (86) 10 (a) Total net revenue included tax-equivalent adjustments from income tax credits related to equity investments in designated community development entities and in entities established for rehabilitation of historic properties, as well as tax-exempt income related to municipal financing activities of $80 million, $73 million, $69 million, $99 million and $80 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $222 million and $231 million for the nine months ended September 30, 2022 and 2021, respectively. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Includes CB's share of revenue from investment banking products sold to CB clients through the CIB. (d) Refer to page 61 of the Firm's 2021 Form 10-K for discussion of revenue sharing. Page 18#20JPMORGAN CHASE & CO. COMMERCIAL BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except headcount and ratio data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Loans retained Loans held-for-sale and loans at fair value Total loans Equity Period-end loans by client segment Middle Market Banking (a) Corporate Client Banking Commercial Real Estate Banking Other Total loans (a) SELECTED BALANCE SHEET DATA (average) Total assets Loans: Loans retained Loans held-for-sale and loans at fair value Total loans Client deposits and other third-party liabilities Equity Average loans by client segment Middle Market Banking Corporate Client Banking Commercial Real Estate Banking Other Total loans Headcount CREDIT DATA AND QUALITY STATISTICS Net charge-offs/(recoveries) Nonperforming assets Nonaccrual loans: Nonaccrual loans retained (b)(c) Nonaccrual loans held-for-sale and loans at fair value Total nonaccrual loans Assets acquired in loan satisfactions Total nonperforming assets Allowance for credit losses: Allowance for loan losses Allowance for lending-related commitments Total allowance for credit losses Net charge-off/(recovery) rate (d) Allowance for loan losses to period-end loans retained Allowance for loan losses to nonaccrual loans retained (b) Nonaccrual loans to period-end total loans $ $ $ $ $ $ 3Q22 $ 247,485 231,829 137 231,966 25,000 71,707 52,940 107,241 78 231,966 246,318 227,539 1,589 229,128 281,336 25,000 70,002 52,432 106,546 148 $ 229,128 14,299 42 836 836 7 843 3,050 864 3,914 0.07 1.32 365 0.36 % $ $ $ $ $ $ $ 2Q22 $ 242,456 223,541 566 224,107 25,000 68,535 49,503 105,982 87 224,107 239,381 66,640 47,832 104,890 120 $ 219,482 13,811 218,478 1,004 219,482 300,425 25,000 1 761 761 8 769 2,602 725 3,327 1.16 342 0.34 % $ $ $ $ $ $ 1Q22 $ QUARTERLY TRENDS 235,127 $ 233,474 213,073 1,743 214,816 25,000 64,306 46,720 103,685 105 214,816 208,540 2,147 210,687 316,921 25,000 62,437 45,595 102,498 157 210,687 13,220 6 751 751 17 768 2,357 762 3,119 0.01 % 1.11 314 0.35 $ $ $ $ $ $ $ $ $ 4Q21 230,776 206,220 2,223 208,443 24,000 61,159 45,315 101,751 218 208,443 227,308 201,676 3,958 205,634 323,821 24,000 59,784 44,976 100,682 192 205,634 12,902 8 740 740 17 757 2,219 749 2,968 0.02 % 1.08 300 0.36 $ $ $ $ $ $ $ $ $ 3Q21 227,670 201,283 3,412 204,695 24,000 58,918 45,107 100,458 212 204,695 222,760 199,789 2,790 202,579 300,595 24,000 59,032 43,330 100,120 97 202,579 12,584 31 735 735 16 751 2,354 711 3,065 0.06 1.17 320 0.36 % 3Q22 Change 2Q22 2% 4 (76) 5 7 1 (10) 4 3 4 58 4 (6) 10 2 23 4 4 NM 10 10 (13) 10 17 19 18 JPMORGAN CHASE & Co. NINE MONTHS ENDED SEPTEMBER 30, 3Q21 9% 15 (96) 13 4 22 17 7 (63) 13 11 14 (43) 13 (6) 4 19 21 6 53 13 14 35 14 14 (56) 12 30 22 28 $ $ $ $ $ $ $ 2022 247,485 231,829 137 231,966 25,000 71,707 52,940 107,241 78 231,966 239,772 218,255 1,578 219,833 299,430 25,000 66,387 48,645 104,659 142 219,833 14,299 49 836 836 7 843 3,050 864 3,914 0.03% 1.32 365 0.36 $ $ 201,283 3,412 $ 204,695 24,000 $ $ $ 2021 $ 224,955 $ 227,670 $ 58,918 45,107 100,458 212 204,695 202,002 2,840 204,842 293,981 24,000 60,243 44,154 100,213 232 204,842 12,584 63 735 735 16 751 2,354 711 3,065 0.04 % 1.17 320 0.36 2022 Change 2021 9% 15 (96) 13 4 22 17 7 (63) 13 7 O (44) 10 10 4 (39) 7 14 (22) 14 14 (56) 12 30 22 28 (a) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, total loans included $205 million, $335 million, $640 million, $1.2 billion, and $2.0 billion of loans, respectively, under the PPP, of which $187 million, $306 million, $604 million, $1.1 billion, and $1.9 billion were in Middle Market Banking. Refer to page 109 of the Firm's 2021 Form 10-K for further information on the PPP. (b) Allowance for loan losses of $150 million, $74 million, $104 million, $124 million and $123 million was held against nonaccrual loans retained at September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively. (c) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021, nonaccrual loans excluded PPP loans 90 or more days past due and insured by the SBA of $27 million, $32 million, $50 million and $114 million, respectively. These amounts have been excluded based upon the SBA guarantee. There were no PPP loans 90 or more days past due in all other periods presented. (d) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate. Page 19#21JPMORGAN CHASE & CO. ASSET & WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS (in millions, except ratio and headcount data) INCOME STATEMENT REVENUE Asset management, administration and commissions All other income Noninterest revenue Net interest income TOTAL NET REVENUE Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense (a) NET INCOME (a) REVENUE BY LINE OF BUSINESS Asset Management Global Private Bank TOTAL NET REVENUE FINANCIAL RATIOS ROE Overhead ratio Pretax margin ratio: Asset Management Global Private Bank Asset & Wealth Management Headcount Number of Global Private Bank client advisors $ $ $ $ 3Q22 3,044 82 3,126 1,413 4,539 (102) 1,649 1,379 3,028 1,613 394 1,219 2,209 2,330 4,539 28 % 67 31 40 36 25,769 3,110 $ $ $ 2Q22 3,037 47 3,084 1,222 4,306 44 1,508 1,411 2,919 1,343 339 1,004 2,137 2,169 4,306 23 % 68 29 33 31 23,981 2,866 $ $ $ 1Q22 QUARTERLY TRENDS 3,115 124 3,239 1,076 4,315 154 1,530 1,330 2,860 1,301 293 1,008 $ 4,315 2,314 $ 2,001 23 % 66 33 27 30 23,366 $ 2,798 $ $ 4Q21 3,330 118 3,448 1,025 4,473 (36) 1,560 1,437 2,997 1,512 387 1,125 2,488 1,985 4,473 31 % (a) 67 32 36 34 22,762 2,738 $ $ $ $ 3Q21 3,096 216 3,312 988 4,300 (60) 1,387 1,375 2,762 1,598 402 1,196 2,337 1,963 4,300 33 % 64 36 38 37 22,051 2,646 3Q22 Change 2Q22 - % 74 1 16 5 NM 9 (2) 4 20 16 21 375 7 9 JPMORGAN CHASE & CO. 3Q21 (2)% (62) (6) 43 6 (70) 19 10 1 (2) (5) 19 6 17 18 $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 9,196 253 9,449 3,711 13,160 96 4,687 4,120 8,807 4,257 1,026 3,231 6,660 6,500 13,160 25 % 67 (a) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. 31 34 32 25,769 3,110 $ $ $ $ 2021 9,003 620 9,623 2,861 12,484 (191) 4,132 3,790 7,922 4,753 1,141 3,612 6,758 5,726 12,484 34 % (a) 63 36 40 38 22,051 2,646 2022 Change 2021 2% (59) (2) 30 5 NM 13 9 11 (10) (10) (11) Page 20 (1) 14 5 17 18#22JPMORGAN CHASE & CO. ASSET & WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans Deposits Equity SELECTED BALANCE SHEET DATA (average) Total assets Loans Deposits Equity CREDIT DATA AND QUALITY STATISTICS Net charge-offs/(recoveries) Nonaccrual loans Allowance for credit losses: Allowance for loan losses Allowance for lending-related commitments Total allowance for credit losses Net charge-off/(recovery) rate Allowance for loan losses to period-end loans Allowance for loan losses to nonaccrual loans Nonaccrual loans to period-end loans $ 232,303 214,989 242,315 17,000 $ 3Q22 $ 232,748 216,714 253,026 17,000 (13) 467 461 21 482 (0.02) % 0.21 99 0.22 $ 235,553 218,841 257,437 17,000 $ 2Q22 $ 234,565 216,846 268,861 17,000 9 620 547 22 569 0.02 % 0.25 88 0.28 $ 1Q22 $ 233,070 215,130 287,293 17,000 $ QUARTERLY TRENDS 232,310 214,611 287,756 17,000 (1) 626 516 19 535 0.24 82 0.29 do % 4Q21 $ 234,425 218,271 282,052 14,000 $ 227,597 209,169 264,580 14,000 $ 4 708 365 18 383 0.01 % 0.17 52 0.32 $ 3Q21 $ 221,702 202,871 242,309 14,000 $ 219,022 200,635 229,710 14,000 (1) 686 402 20 422 0.20 59 0.34 do % 3Q22 Change 2Q22 (1)% (2) (6) (1) 101 NM (25) (16) (5) (15) JPMORGAN CHASE & CO. 3Q21 5% 6 21 6 8 10 21 NM (32) 15 5 14 $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 232,303 214,989 242,315 17,000 233,209 216,065 269,754 17,000 (5) 467 461 21 482 0.21 99 0.22 % $ $ 2021 221,702 202,871 242,309 14,000 213,679 194,888 218,742 14,000 22 686 402 20 422 0.02% 0.20 59 0.34 2022 Change 2021 5% 6 21 9 11 23 21 NM (32) 15 5 14 Page 21#23JPMORGAN CHASE & CO. ASSET & WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS, CONTINUED (in billions) CLIENT ASSETS Assets by asset class Liquidity Fixed income Equity Multi-asset Alternatives TOTAL ASSETS UNDER MANAGEMENT Custody/brokerage/administration/deposits TOTAL CLIENT ASSETS (a) Assets by client segment Private Banking Global Institutional Global Funds TOTAL ASSETS UNDER MANAGEMENT Private Banking Global Institutional Global Funds TOTAL CLIENT ASSETS (a) Assets under management rollforward Beginning balance Net asset flows: Liquidity Fixed income Equity Multi-asset Alternatives Market/performance/other impacts Ending balance Client assets rollforward Beginning balance Net asset flows Market/performance/other impacts Ending balance $ $ $ $ $ 698 1,209 709 $ 2,616 $ Sep 30, 2022 615 612 609 577 203 $ 2,616 1,207 3,823 1,848 1,261 714 3,823 2,743 (36) 6 (5) 2 (103) 2,616 $ 3,798 (15) 40 3,823 $ $ $ $ $ $ $ $ $ $ Jun 30, 2022 654 624 641 615 209 2,743 1,055 3,798 712 1,294 737 2,743 1,715 1,339 744 3,798 2,960 9 (3) 1 (223) 2,743 4,116 (1) (317) 3,798 $ $ $ $ $ $ $ $ $ Mar 31, 2022 657 657 739 699 208 2,960 1,156 4,116 777 1,355 828 2,960 1,880 1,402 834 4,116 3,113 (52) (3) 11 6 5 (120) 2,960 4,295 (5) (174) $ 4,116 $ 708 693 779 732 201 3,113 1,182 $ 4,295 $ $ $ $ $ $ Dec 31, 2021 $ 805 1,430 878 3,113 1,931 1,479 885 4,295 2,996 20 18 6 10 63 3,113 $ 4,096 109 90 4,295 (a) Includes CCB client investment assets invested in managed accounts and J.P. Morgan mutual funds where AWM is the investment manager. $ $ $ $ $ $ $ $ $ $ Sep 30, 2021 685 695 725 702 189 2,996 1,100 4,096 773 1,375 848 2,996 1,817 1,425 854 4,096 2,987 (11) 11 16 3 3 (13) 2,996 4,044 75 (23) 4,096 Sep 30, 2022 Change Jun 30, 2022 (6)% (2) (5) (6) (3) (5) 14 1 (2) (7) (4) (5) 8 (6) (4) 1 JPMORGAN CHASE & CO. Sep 30, 2021 (10)% (12) (16) (18) 7 (13) 10 (7) (10) (12) (16) (13) 2 (12) (16) (7) $ $ $ * $ $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, $ 2022 615 612 609 577 203 2,616 1,207 3,823 698 1,209 709 2,616 1,848 1,261 714 3,823 3,113 (88) 5 26 (2) 8 (446) 2,616 4,295 (21) (451) 3,823 $ $ $ $ $ $ $ $ $ $ 2021 685 695 725 702 189 2,996 1,100 4,096 773 1,375 848 2,996 1,817 1,425 854 4,096 2,716 48 36 67 11 16 102 2,996 3,652 280 164 4,096 2022 Change 2021 (10)% (12) (16) (18) 7 (13) 10 (7) (10) (12) (16) (13) 2 (12) (16) (7) Page 22#24JPMORGAN CHASE & CO. CORPORATE FINANCIAL HIGHLIGHTS (in millions, except headcount data) INCOME STATEMENT REVENUE Principal transactions Investment securities gains/(losses) All other income Noninterest revenue Net interest income TOTAL NET REVENUE (a) Provision for credit losses NONINTEREST EXPENSE Income/(loss) before income tax expense/(benefit) Income tax expense/(benefit) (b) NET INCOME/(LOSS) (b) MEMO: TOTAL NET REVENUE Treasury and Chief Investment Office ("CIO") Other Corporate TOTAL NET REVENUE NET INCOME/(LOSS) Treasury and CIO Other Corporate (b) TOTAL NET INCOME/(LOSS) (b) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans Deposits Headcount SUPPLEMENTAL INFORMATION TREASURY and CIO Investment securities gains/(losses) Available-for-sale securities (average) Held-to-maturity securities (average) (c) Investment securities portfolio (average) Available-for-sale securities (period-end) Held-to-maturity securities, net of allowance for credit losses. (period-end) (c) Investment securities portfolio, net of allowance for credit losses (period-end) (d) $ $ $ $ $ $ 3Q22 $ (76) (959) (59) (1,094) 792 (302) (21) 305 (586) (292) (294) $1,408,726 (180) (122) (302) (68) (226) (294) 2,206 14,449 (e) 42,806 (959) 209,008 436,302 645,310 186,441 430,106 616,547 $ $ $ 2Q22 $ 17 (153) (108) (244) 324 80 28 206 (154) 20 (174) 82 (2) 80 88 (262) (174) $ 1,459,528 2,187 13,191 (e) 40,348 (153) 252,121 418,843 670,964 220,213 441,649 661,862 $ $ $ 1Q22 $ QUARTERLY TRENDS (161) (394) 210 (345) (536) (881) 29 184 (1,094) (238) (856) (944) 63 (881) (748) (108) (856) $1,539,844 1,957 1,434 39,802 (394) 304,314 364,814 $ 669,128 310,909 366,585 $ 677,494 $ $ $ 4Q21 $ 26 52 58 136 (681) (545) 23 251 (819) (169) (650) (480) (65) (545) (428) (222) (650) $ 1,518,100 1,770 396 38,952 52 290,590 349,989 640,579 306,352 363,707 670,059 $ $ $ $ D 3Q21 $ (103) (256) 117 (242) (1,054) (1,296) $ (7) 160 (1,449) (533) (916) (1,198) (98) (1,296) $ 1,459,283 1,697 546 (998) 82 (916) 38,302 (256) 223,747 339,544 563,291 249,484 343,542 $ 593,026 3Q22 Change 2Q22 NM NM 45 (348) 144 NM NM 48 (281) NM (69) NM NM NM NM 14 (69) (3) 1 10 6 NM (17) 4 (4) (15) (3) (7) JPMORGAN CHASE & CO. 3Q21 26% (275)% NM (352) NM 77 (200) 91 60 45 68 85 (24) 77 93 NM 68 (3) 30 NM 12 (275) (7) 28 15 (25) 25 $ $ $ NINE MONTHS ENDED SEPTEMBER 30, $ 2022 695 (1,834) (510) $ (1,324) (220) (1,506) 43 $ (1,683) 580 (1,103) 36 (1,042) (61) (1,103) $1,408,726 2,206 14,449 (e) (728) (596) (1,324) (1,506) 254,798 406,915 $ 661,713 186,441 42,806 430,106 616,547 $ $ $ 1,551 (4,547) (1,484) $ (3,063) 2021 $ 161 (397) 168 (68) (2,870) (2,938) $ 58 (2,984) 46 (2,938) $ 1,459,283 1,697 546 (2,629) (434) (3,063) 38,302 (397) 312,298 263,214 575,512 249,484 343,542 593,026 2022 Change 2021 (c) During 2022 and 2021, the Firm transferred $73.2 billion and $104.5 billion of investment securities, respectively, from AFS to HTM for capital management purposes. (d) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, the allowance for credit losses on investment securities was $52 million, $47 million, $41 million, $42 million and $73 million, respectively. (e) Predominantly relates to international consumer growth initiatives. NM (279)% (74) NM NM 62 (38) (55) 60 66 57 65 NM 62 72 (37) 57 (3) 30 NM 12 (279) (18) 55 15 (25) 25 4 (a) Included tax-equivalent adjustments, driven by tax-exempt income from municipal bonds, of $59 million, $60 million, $58 million, $60 million and $64 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $177 million and $197 million for the nine months ended September 30, 2022 and 2021, respectively. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. Page 23#25JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION (in millions) CREDIT EXPOSURE Consumer, excluding credit card loans (a) Loans retained Loans held-for-sale and loans at fair value Total consumer, excluding credit card loans Credit card loans Loans retained Loans held-for-sale Total credit card loans Total consumer loans Wholesale loans (b) Loans retained Loans held-for-sale and loans at fair value Total wholesale loans Total loans Derivative receivables Receivables from customers (c) Total credit-related assets Lending-related commitments Consumer, excluding credit card Credit card (d) Wholesale Total lending-related commitments Total credit exposure Memo: Total by category Consumer exposure (e) Wholesale exposure (f) Total credit exposure $ Sep 30, 2022 301,403 12,393 313,796 170,462 170,462 484,258 596,208 32,167 628,375 1,112,633 92,534 54,921 1,260,088 34,868 798,855 472,950 1,306,673 $ 2,566,761 $1,317,981 1,248,780 $ 2,566,761 Jun 30, 2022 $ 302,631 14,581 317,212 165,494 165,494 482,706 584,265 37,184 621,449 1,104,155 81,317 58,349 1,243,821 40,484 774,021 487,500 1,302,005 $ 2,545,826 $1,297,211 1,248,615 $ 2,545,826 $ Mar 31, 2022 296,161 16,328 312,489 152,283 152,283 464,772 569,953 38,560 608,513 1,073,285 73,636 68,473 1,215,394 47,103 757,283 497,232 1,301,618 $ 2,517,012 $ 1,269,158 1,247,854 $ 2,517,012 JPMORGAN CHASE & CO. Sep 30, 2022 Change Dec 31, 2021 295,556 27,750 323,306 154,296 154,296 477,602 560,354 39,758 600,112 1,077,714 57,081 59,645 1,194,440 45,334 730,534 486,445 (g) 1,262,313 $ 2,456,753 $1,253,470 1,203,283 $ 2,456,753 $ Sep 30, 2021 298,308 29,856 328,164 143,166 143,166 471,330 532,786 40,499 573,285 1,044,615 67,908 58,752 1,171,275 56,684 710,610 499,236 (g) 1,266,530 $ 2,437,805 $1,238,624 1,199,181 $ 2,437,805 Jun 30, 2022 - % (15) (1) I w I w 2 (13) 1 1 14 (6) 1 (14) 3 (3) 1 2 1 Sep 30, 2021 1% (58) (4) 19 19 3 12 (21) 10 7 36 (7) 8 (38) 12 (5) 3 5 6 4 5 (a) Includes scored loans held in CCB, scored mortgage and home equity loans held in AWM, and scored mortgage loans held in CIB and Corporate. (b) Includes loans held in CIB, CB, AWM, Corporate as well as risk-rated loans held in CCB, including business banking and auto dealer loans for which the wholesale methodology is applied when determining the allowance for loan losses. (c) Receivables from customers reflect held-for-investment margin loans to brokerage clients in CIB, CCB and AWM; these are reported within accrued interest and accounts receivable on the Consolidated balance sheets. (d) Also includes commercial card lending-related commitments primarily in CB and CIB. (e) Represents total consumer loans and lending-related commitments. (f) Represents total wholesale loans, lending-related commitments, derivative receivables, and receivables from customers. (g) Prior-period amounts have been revised to conform with the current presentation. Page 24#26JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION, CONTINUED (in millions, except ratio data) NONPERFORMING ASSETS (a)(b) Consumer nonaccrual loans Loans retained Loans held-for-sale and loans at fair value Total consumer nonaccrual loans Wholesale nonaccrual loans Loans retained Loans held-for-sale and loans at fair value Total wholesale nonaccrual loans Total nonaccrual loans (c) Derivative receivables Assets acquired in loan satisfactions Total nonperforming assets Wholesale lending-related commitments (d) Total nonperforming exposure NONACCRUAL LOAN-RELATED RATIOS (b) Total nonaccrual loans to total loans Total consumer, excluding credit card nonaccrual loans to total consumer, excluding credit card loans Total wholesale nonaccrual loans to total wholesale loans $ $ Sep 30, 2022 3,917 461 4,378 1,882 414 2,296 6,674 339 230 7,243 470 7,713 0.60% 1.40 0.37 $ Jun 30, 2022 4,186 486 4,672 2,083 407 2,490 7,162 447 236 7,845 397 $ 8,242 0.65 % 1.47 0.40 $ Mar 31, 2022 4,485 525 5,010 2,289 459 2,748 7,758 597 250 8,605 767 9,372 0.72% 1.60 0.45 JPMORGAN CHASE & CO. $ $ Dec 31, 2021 4,878 472 5,350 2,054 391 2,445 7,795 316 235 8,346 764 9,110 0.72 % 1.65 0.41 $ $ Sep 30, 2021 4,911 440 5,351 2,084 808 2,892 8,243 393 246 8,882 641 9,523 0.79 % 1.63 0.50 Sep 30, 2022 Change Jun 30, 2022 (6)% (5) (6) (10) 2 (8) (7) (24) (3) (8) 18 (6) Sep 30, 2021 (20)% 5 (18) (10) (49) (21) (19) (14) (7) (18) (27) (19) (a) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonperforming assets excluded: (1) mortgage loans 90 or more days past due and insured by U.S. government agencies of $362 million, $453 million, $598 million, $623 million and $644 million, respectively; and (2) real estate owned ("REO") insured by U.S. government agencies of $9 million, $8 million, $6 million, $5 million and $5 million, respectively. These amounts have been excluded based upon the government guarantee. In addition, the Firm's policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. Refer to Note 12 of the Firm's 2021 Form 10-K for additional information on the Firm's credit card nonaccrual and charge-off policies. (b) At September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonperforming assets excluded PPP loans 90 or more days past due and insured by the SBA of $85 million, $119 million, $236 million, $633 million and $5 million respectively. These amounts have been excluded based upon the SBA guarantee. (c) Generally excludes loans that were under payment deferral or other assistance, including amendments or waivers of financial covenants, in response to the COVID-19 pandemic. (d) Represents commitments that are risk rated as nonaccrual. Page 25#27JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION, CONTINUED (in millions, except ratio data) SUMMARY OF CHANGES IN THE ALLOWANCES ALLOWANCE FOR LOAN LOSSES Beginning balance Net charge-offs: Gross charge-offs Gross recoveries collected Net charge-offs Provision for loan losses Other Ending balance ALLOWANCE FOR LENDING-RELATED COMMITMENTS Beginning balance Provision for lending-related commitments Other Ending balance ALLOWANCE FOR INVESTMENT SECURITIES Total allowance for credit losses (a) NET CHARGE-OFF/(RECOVERY) RATES Consumer retained, excluding credit card loans Credit card retained loans Total consumer retained loans Wholesale retained loans Total retained loans Memo: Average retained loans Consumer retained, excluding credit card loans Credit card retained loans Total average retained consumer loans Wholesale retained loans Total average retained loans $ 17,750 $ 3Q22 (3) $ 18,185 $ $ 1,104 (377) 727 1,165 2,222 328 1 2,551 61 $ 20,797 0.10 % 1.40 0.56 0.04 0.27 $ 301,347 168,125 469,472 590,490 $1,059,962 $ 17,192 2Q22 $ 1,036 (15) $ 17,750 $ (379) 657 1,230 2,358 (135) (1) $ 2,222 47 $ 20,019 0.04% 1.47 0.53 0.03 0.25 $ 299,649 158,434 458,083 577,850 $1,035,933 $ 1Q22 976 (394) 582 1,368 20 $ 17,192 $ 16,386 $ 2,261 96 1 2,358 $ 41 $ 19,591 QUARTERLY TRENDS 0.06 % 1.37 0.50 0.02 0.24 $ 295,460 149,398 444,858 559,395 $1,004,253 $ 18,150 $ $ 16,386 4Q21 $ 2,305 (43) (1) $ 2,261 $ 968 (418) 550 (1,214) (a) At September 30, 2022 excludes an allowance for credit losses associated with certain accounts receivable in CIB of $30 million. 42 18,689 0.04% 1.28 0.45 0.03 0.22 $ 296,423 148,471 444,894 541,183 $ 986,077 $ 19,500 $ $ 3Q21 $ 940 (416) 524 (819) (7) 18,150 2,998 (694) 1 $ 2,305 73 $20,528 (0.01)% 1.39 0.44 0.03 0.21 $ 298,019 141,371 439,390 528,979 $968,369 3Q22 Change 2Q22 3% 7 1 11 (5) 80 2 (6) NM NM 15 30 4 -6N N N 1 2 2 2 JPMORGAN CHASE & Co. 3Q21 (9)% 17 9 39 NM 57 (26) NM 11 (16) 1 1 19 7 12 9 $ $ $ $ NINE MONTHS ENDED SEPTEMBER 30, 2022 16,386 3,116 (1,150) 1,966 3,763 2 18,185 2,261 289 1 2,551 61 $ 20,797 0.07% 1.41 0.53 0.03 0.25 $ 298,840 158,721 457,561 576,025 $1,033,586 $ 28,328 $ $ $ 2021 $ 3,596 (1,281) 2,315 (7,857) (6) 18,150 2,409 (106) 2 2,305 73 $ 20,528 (0.01)% 2.18 0.68 0.03 0.32 $299,620 137,012 436,632 521,628 $958,260 2022 Change 2021 (42)% (13) 10 (15) NM NM (6) NM (50) 11 (16) 1 16 5 10 8 Page 26#28JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION, CONTINUED (in millions, except ratio data) ALLOWANCE COMPONENTS AND RATIOS ALLOWANCE FOR LOAN LOSSES Consumer, excluding credit card Asset-specific (a) Portfolio-based Total consumer, excluding credit card Credit card Asset-specific (b) Portfolio-based Total credit card Total consumer Wholesale Asset-specific (c) Portfolio-based Total wholesale Total allowance for loan losses Allowance for lending-related commitments Allowance for investment securities Total allowance for credit losses CREDIT RATIOS Consumer, excluding credit card allowance, to total consumer, excluding credit card retained loans Credit card allowance to total credit card retained loans Wholesale allowance to total wholesale retained loans Wholesale allowance to total wholesale retained loans, excluding trade finance and conduits (d) Total allowance to total retained loans Consumer, excluding credit card allowance, to consumer, excluding credit card retained nonaccrual loans (e) Total allowance, excluding credit card allowance, to retained nonaccrual loans, excluding credit card nonaccrual loans (e) Wholesale allowance to wholesale retained nonaccrual loans Total allowance to total retained nonaccrual loans $ Sep 30, 2022 (702) 2,521 1,819 218 10,182 10,400 12,219 450 5,516 5,966 18,185 2,551 61 20,797 0.60% 6.10 1.00 1.08 1.70 46 134 317 314 Jun 30, 2022 (676) 2,605 1,929 227 10,173 10,400 12,329 332 5,089 5,421 17,750 2,222 47 $ 20,019 0.64 % 6.28 0.93 0.99 1.69 46 117 260 283 $ $ Mar 31, 2022 (644) 2,538 1,894 262 9,988 10,250 12,144 485 4,563 5,048 17,192 2,358 41 19,591 0.64 % 6.73 0.89 0.95 1.69 42 102 221 254 JPMORGAN CHASE & CO. Sep 30, 2022 Change $ Dec 31, 2021 (665) 2,430 1,765 313 9,937 10,250 12,015 263 4,108 4,371 16,386 2,261 42 $ 18,689 0.60 % 6.64 0.78 0.84 1.62 36 89 213 236 $ $ Sep 30, 2021 (571) 2,445 1,874 383 11,267 11,650 13,524 357 4,269 4,626 18,150 2,305 73 20,528 0.63 % 8.14 0.87 0.93 1.86 38 93 222 259 Jun 30, 2022 (4)% (3) (6) (4) (1) 36 8 10 2 15 30 4 Sep 30, 2021 (23)% 3 (3) (43) (10) (11) (10) 26 29 29 11 (16) 1 (a) Includes collateral-dependent loans, including those considered troubled debt restructurings ("TDRs") and those for which foreclosure is deemed probable, modified PCD loans, and non-collateral dependent loans that have been modified or are reasonably expected to be modified in a TDR. (b) The asset-specific credit card allowance for loan losses relates to loans that have been modified or are reasonably expected to be modified in a TDR; the Firm calculates this allowance based on the loans' original contractual interest rates and does not consider any incremental penalty rates. (c) Includes risk-rated loans that have been placed on nonaccrual status and loans that have been modified or are reasonably expected to be modified in a TDR. (d) Management uses allowance for loan losses to period-end loans retained, excluding CIB's trade finance and conduits, a non-GAAP financial measure, to provide a more meaningful assessment of the wholesale allowance coverage ratio. (e) Refer to footnote (a) on page 25 for information on the Firm's nonaccrual policy for credit card loans. Page 27#29JPMORGAN CHASE & CO. NON-GAAP FINANCIAL MEASURES JPMORGAN CHASE & CO. Non-GAAP Financial Measures (a) In addition to analyzing the Firm's results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a "managed" basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. The Firm's definition of managed basis starts, in each case, with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm and each of the reportable business segments on an FTE basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. These financial measures allow management to assess the comparability of revenue from year-to-year arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income as reported by the Firm as a whole or by the lines of business. (b) Pre-provision profit is a non-GAAP financial measure which represents total net revenue less total noninterest expense. The Firm believes that this financial measure is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. (c) TCE, ROTCE, and TBVPS are each non-GAAP financial measures. TCE represents the Firm's common stockholders' equity (i.e., total stockholders' equity less preferred stock) less goodwill and identifiable intangible assets (other than MSRs), net of related deferred tax liabilities. ROTCE measures the Firm's net income applicable to common equity as a percentage of average TCE. TBVPS represents the Firm's TCE at period-end divided by common shares at period-end. TCE, ROTCE, and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm's use of equity. (d) The ratio of the wholesale and CIB's allowance for loan losses to period-end loans retained, excluding trade finance and conduits, is calculated excluding loans accounted for at fair value, loans held-for-sale, CIB's trade finance loans and consolidated Firm-administered multi-seller conduits, as well as their related allowances, to provide a more meaningful assessment of the respective allowance coverage ratio. (e) In addition to reviewing net interest income ("NII"), net yield, and noninterest revenue ("NIR") on a managed basis, management also reviews these metrics excluding CIB Markets ("Markets", which is composed of Fixed Income Markets and Equity Markets), as shown below. Markets revenue consists of principal transactions, fees, commissions and other income, as well as net interest income. These metrics, which exclude Markets, are non-GAAP financial measures. Management reviews these metrics to assess the performance of the Firm's lending, investing (including asset-liability management) and deposit-raising activities, apart from any volatility associated with Markets activities. In addition, management also assesses Markets business performance on a total revenue basis as offsets may occur across revenue lines. For example, securities that generate net interest income may be risk- managed by derivatives that are reflected at fair value in principal transactions revenue. Management believes these measures provide investors and analysts with alternative measures to analyze the revenue trends of the Firm. For additional information on Markets revenue, refer to page 70 of the Firm's 2021 Form 10-K. QUARTERLY TRENDS (in millions, except rates) Net interest income - reported Fully taxable-equivalent adjustments Net interest income - managed basis (a) Less: Markets net interest income Net interest income excluding Markets (a) Average interest-earning assets Less: Average Markets interest-earning assets Average interest-earning assets excluding Markets Net yield on average interest-earning assets - managed basis Net yield on average Markets interest-earning assets Net yield on average interest-earning assets excluding Markets Noninterest revenue - reported Fully taxable-equivalent adjustments Noninterest revenue - managed basis Less: Markets noninterest revenue Noninterest revenue excluding Markets Memo: Markets total net revenue $ 17,518 112 17,630 707 16,923 $ $ 3Q22 $3,344,949 952,488 $2,392,461 $ $ 15,198 663 $ 15,861 6,064 9,797 $ 2.09 % 0.29 2.81 6,771 2Q22 $ 15,128 103 $ 15,231 1,549 $ 13,682 $3,385,894 957,304 $2,428,590 1.80 % 0.65 2.26 $ 15,587 812 $ $ 16,399 6,241 $ 10,158 7,790 (a) Interest includes the effect of related hedges. Taxable-equivalent amounts are used where applicable. $ 13,872 98 13,970 2,218 $ 11,752 $ 1Q22 $3,401,951 963,845 $2,438,106 $ 1.67 % 0.93 1.95 $ 16,845 775 $ 17,620 6,535 $ 11,085 8,753 4Q21 $ 13,601 108 $ 13,709 2,066 $ 11,643 $3,337,855 908,093 $2,429,762 1.63 % 0.90 1.90 $ 15,656 984 $ 16,640 3,222 $ 13,418 $ 5,288 $ 13,080 104 $ 13,184 1,967 $ 11,217 3Q21 $3,219,786 894,892 $2,324,894 $ $ 16,567 690 $ 17,257 4,302 12,955 $ 1.62 % 0.87 1.91 6,269 3Q22 Change 2Q22 16% 9 16 (54) 24 (1) (1) (2) (18) (3) (3) (4) (13) 3Q21 34% 8 34 (64) 51 4 6 3 (8) (8) 41 (24) 8 NINE MONTHS ENDED SEPTEMBER 30, 2022 Change 2021 2022 $ 46,518 313 $46,831 4,474 $ 42,357 $3,377,390 957,837 $2,419,553 $ 1.85 % 0.62 2.34 $ 47,630 2,250 $ 49,880 18,840 $ 31,040 23,314 $ 2021 $ 38,710 322 $39,032 6,177 32,855 $3,174,858 881,547 $2,293,311 1.64 % 0.94 1.92 $ 53,682 2,241 $ 55,923 15,929 $ 39,994 $ 22,106 20% (3) 20 (28) 29 6 9 6 (11) (11) 18 (22) Page 28 5