Bank of America Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	138,566	146,607	130,262	72,565	47,672
Total Interest Income	138,566	146,607	130,262	72,565	47,672
Interest Paid on Deposits	78,470	90,547	73,331	20,103	4,738
Total Interest Expense	78,470	90,547	73,331	20,103	4,738
Net Interest Income	60,096	56,060	56,931	52,462	42,934
Net Interest Income Growth (YoY)	7.20%	-1.53%	8.52%	22.19%	-0.98%
Gain (Loss) on Sale of Investments	-20	-29	-405	-3,268	-1,078
Other Non-Interest Income	53,021	49,825	46,243	45,756	47,257
Total Non-Interest Income	53,001	49,796	45,838	42,488	46,179
Non-Interest Income Growth (YoY)	6.44%	8.63%	7.89%	-7.99%	9.51%
Revenues Before Loan Losses	113,097	105,856	102,769	94,950	89,113
Provision for Loan Losses	5,675	5,821	4,394	2,543	-4,594
Revenue	107,422	100,035	98,375	92,407	93,707
Revenue Growth (YoY)	7.38%	1.69%	6.46%	-1.39%	26.28%
Salaries and Employee Benefits	38,345	36,749	35,388	33,547	33,140
Occupancy Expenses	4,942	4,847	4,723	4,599	4,651
Selling, General & Administrative	18,744	17,731	16,176	15,618	14,970
Other Non-Interest Expense	7,696	7,485	9,558	7,674	6,970
Total Non-Interest Expense	69,727	66,812	65,845	61,438	59,731
EBT Excluding Unusual Items	37,695	33,223	32,530	30,969	33,976
Pretax Income	37,695	33,223	32,530	30,969	33,976
Income Tax Expense	7,186	6,250	6,225	3,441	1,998
Net Income	30,509	26,973	26,305	27,528	31,978
Preferred Dividends & Other Adjustments	1,454	1,629	1,649	1,513	1,421
Net Income to Common	29,055	25,344	24,656	26,015	30,557
Net Income Growth	13.11%	2.54%	-4.44%	-13.92%	78.71%
Basic Shares Outstanding	7,522	7,856	8,029	8,114	8,493
Diluted Shares Outstanding	7,681	7,936	8,081	8,168	8,558
Shares Change (YoY)	-3.21%	-1.79%	-1.06%	-4.57%	-2.71%
EPS (Basic)	3.86	3.23	3.07	3.21	3.60
EPS (Diluted)	3.81	3.19	3.05	3.19	3.57
EPS Growth	19.44%	4.59%	-4.39%	-10.64%	90.91%
Dividend Per Share	1.080	1.000	0.920	0.860	0.780
Dividend Growth	8.00%	8.70%	6.98%	10.26%	8.33%
Effective Tax Rate	19.06%	18.81%	19.14%	11.11%	5.88%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.