Bank of America Corporation (BAC)

Bank of America Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	146,607	146,607	130,262	72,565	47,672	51,585
Total Interest Income	146,607	146,607	130,262	72,565	47,672	51,585
Interest Paid on Deposits	90,547	90,547	73,331	20,103	4,738	8,225
Total Interest Expense	90,547	90,547	73,331	20,103	4,738	8,225
Net Interest Income	56,060	56,060	56,931	52,462	42,934	43,360
Net Interest Income Growth (YoY)	-1.53%	-1.53%	8.52%	22.19%	-0.98%	-11.31%
Gain (Loss) on Sale of Investments	-	-	-1,905	-1,168	-1,078	-589
Other Non-Interest Income	45,827	45,827	45,155	43,656	47,257	42,757
Total Non-Interest Income	45,827	45,827	43,250	42,488	46,179	42,168
Non-Interest Income Growth (YoY)	5.96%	5.96%	1.79%	-7.99%	9.51%	4.68%
Revenues Before Loan Losses	101,887	101,887	100,181	94,950	89,113	85,528
Provision for Loan Losses	5,821	5,821	4,394	2,543	-4,594	11,320
Revenue	96,066	96,066	95,787	92,407	93,707	74,208
Revenue Growth (YoY)	0.29%	0.29%	3.66%	-1.39%	26.28%	-13.29%
Salaries and Employee Benefits	40,182	40,182	35,230	33,547	33,140	30,625
Occupancy Expenses	7,289	7,289	4,723	4,599	4,651	4,518
Selling, General & Administrative	11,856	11,856	16,334	15,618	14,970	13,340
Other Non-Interest Expense	7,485	7,485	7,458	7,674	6,970	6,730
Total Non-Interest Expense	66,812	66,812	63,745	61,438	59,731	55,213
EBT Excluding Unusual Items	29,254	29,254	32,042	30,969	33,976	18,995
Other Unusual Items	-	-	-3,700	-	-	-
Pretax Income	29,254	29,254	28,342	30,969	33,976	18,995
Income Tax Expense	2,122	2,122	1,827	3,441	1,998	1,101
Net Income	27,132	27,132	26,515	27,528	31,978	17,894
Preferred Dividends & Other Adjustments	1,629	1,629	1,649	1,513	1,421	1,421
Net Income to Common	25,503	25,503	24,866	26,015	30,557	16,473
Net Income Growth	2.33%	2.33%	-3.68%	-13.92%	78.71%	-34.76%
Basic Shares Outstanding	7,856	7,856	8,029	8,114	8,493	8,753
Diluted Shares Outstanding	7,936	7,936	8,081	8,168	8,558	8,797
Shares Change (YoY)	-1.79%	-1.79%	-1.07%	-4.57%	-2.71%	-6.84%
EPS (Basic)	3.25	3.25	3.10	3.21	3.60	1.88
EPS (Diluted)	3.21	3.21	3.08	3.19	3.57	1.87
EPS Growth	4.22%	4.22%	-3.45%	-10.64%	90.91%	-32.00%
Dividend Per Share	1.000	1.000	0.920	0.860	0.780	0.720
Dividend Growth	8.70%	8.70%	6.98%	10.26%	8.33%	9.09%
Effective Tax Rate	7.25%	7.25%	6.45%	11.11%	5.88%	5.80%

Source: S&P Capital IQ. Banks template. Financial Sources.