Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
37.99
+1.32 (3.60%)
At close: Apr 15, 2025, 4:00 PM
37.80
-0.19 (-0.50%)
After-hours: Apr 15, 2025, 7:22 PM EDT
Bank of America Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Interest Income on Loans | 144,388 | 146,607 | 130,262 | 72,565 | 47,672 | 51,585 | Upgrade
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| Total Interest Income | 144,388 | 146,607 | 130,262 | 72,565 | 47,672 | 51,585 | Upgrade
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| Interest Paid on Deposits | 87,917 | 90,547 | 73,331 | 20,103 | 4,738 | 8,225 | Upgrade
|
| Total Interest Expense | 87,917 | 90,547 | 73,331 | 20,103 | 4,738 | 8,225 | Upgrade
|
| Net Interest Income | 56,471 | 56,060 | 56,931 | 52,462 | 42,934 | 43,360 | Upgrade
|
| Net Interest Income Growth (YoY) | -0.08% | -1.53% | 8.52% | 22.19% | -0.98% | -11.31% | Upgrade
|
| Gain (Loss) on Sale of Investments | -4,629 | -4,629 | -5,005 | -3,268 | -1,078 | -589 | Upgrade
|
| Other Non-Interest Income | 51,593 | 50,456 | 48,255 | 45,756 | 47,257 | 42,757 | Upgrade
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| Total Non-Interest Income | 46,964 | 45,827 | 43,250 | 42,488 | 46,179 | 42,168 | Upgrade
|
| Non-Interest Income Growth (YoY) | 8.65% | 5.96% | 1.79% | -7.99% | 9.51% | 4.69% | Upgrade
|
| Revenues Before Loan Losses | 103,435 | 101,887 | 100,181 | 94,950 | 89,113 | 85,528 | Upgrade
|
| Provision for Loan Losses | 5,982 | 5,821 | 4,394 | 2,543 | -4,594 | 11,320 | Upgrade
|
| Revenue | 97,453 | 96,066 | 95,787 | 92,407 | 93,707 | 74,208 | Upgrade
|
| Revenue Growth (YoY) | 2.63% | 0.29% | 3.66% | -1.39% | 26.28% | -13.29% | Upgrade
|
| Salaries and Employee Benefits | 37,276 | 36,582 | 35,230 | 33,547 | 33,140 | 30,625 | Upgrade
|
| Occupancy Expenses | 4,892 | 4,847 | 4,723 | 4,599 | 4,651 | 4,518 | Upgrade
|
| Selling, General & Administrative | 18,147 | 17,898 | 16,334 | 15,618 | 14,970 | 13,340 | Upgrade
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| Other Non-Interest Expense | 7,030 | 7,485 | 7,458 | 7,674 | 6,970 | 6,730 | Upgrade
|
| Total Non-Interest Expense | 67,345 | 66,812 | 63,745 | 61,438 | 59,731 | 55,213 | Upgrade
|
| EBT Excluding Unusual Items | 30,108 | 29,254 | 32,042 | 30,969 | 33,976 | 18,995 | Upgrade
|
| Other Unusual Items | - | - | -3,700 | - | - | - | Upgrade
|
| Pretax Income | 30,108 | 29,254 | 28,342 | 30,969 | 33,976 | 18,995 | Upgrade
|
| Income Tax Expense | 2,254 | 2,122 | 1,827 | 3,441 | 1,998 | 1,101 | Upgrade
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| Net Income | 27,854 | 27,132 | 26,515 | 27,528 | 31,978 | 17,894 | Upgrade
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| Preferred Dividends & Other Adjustments | 1,629 | 1,629 | 1,649 | 1,513 | 1,421 | 1,421 | Upgrade
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| Net Income to Common | 26,225 | 25,503 | 24,866 | 26,015 | 30,557 | 16,473 | Upgrade
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| Net Income Growth | 11.29% | 2.33% | -3.68% | -13.92% | 78.71% | -34.77% | Upgrade
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| Basic Shares Outstanding | 7,783 | 7,856 | 8,029 | 8,114 | 8,493 | 8,753 | Upgrade
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| Diluted Shares Outstanding | 7,871 | 7,936 | 8,081 | 8,168 | 8,558 | 8,797 | Upgrade
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| Shares Change (YoY) | -2.14% | -1.79% | -1.06% | -4.57% | -2.71% | -6.84% | Upgrade
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| EPS (Basic) | 3.37 | 3.25 | 3.10 | 3.21 | 3.60 | 1.88 | Upgrade
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| EPS (Diluted) | 3.35 | 3.21 | 3.08 | 3.19 | 3.57 | 1.87 | Upgrade
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| EPS Growth | 15.72% | 4.22% | -3.45% | -10.64% | 90.91% | -32.00% | Upgrade
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| Dividend Per Share | 0.760 | 1.000 | 0.920 | 0.860 | 0.780 | 0.720 | Upgrade
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| Dividend Growth | -19.15% | 8.70% | 6.98% | 10.26% | 8.33% | 9.09% | Upgrade
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| Effective Tax Rate | 7.49% | 7.25% | 6.45% | 11.11% | 5.88% | 5.80% | Upgrade
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Updated Apr 15, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.