Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
44.17
+0.79 (1.82%)
At close: Dec 20, 2024, 4:00 PM
44.30
+0.13 (0.29%)
After-hours: Dec 20, 2024, 7:59 PM EST

Bank of America Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 2018 - 2014
Period Ending
Sep '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 2018 - 2014
Interest Income on Loans
146,259130,26272,56547,67251,58571,236
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Total Interest Income
146,259130,26272,56547,67251,58571,236
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Interest Paid on Deposits
90,61273,33120,1034,7388,22522,345
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Total Interest Expense
90,61273,33120,1034,7388,22522,345
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Net Interest Income
55,64756,93152,46242,93443,36048,891
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Net Interest Income Growth (YoY)
-3.50%8.52%22.19%-0.98%-11.31%1.51%
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Gain (Loss) on Sale of Investments
-1,905-1,905-1,168-1,078-589-2,737
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Other Non-Interest Income
46,35745,15543,65647,25742,75743,018
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Total Non-Interest Income
44,45243,25042,48846,17942,16840,281
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Non-Interest Income Growth (YoY)
2.22%1.79%-7.99%9.51%4.68%-6.01%
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Revenues Before Loan Losses
100,099100,18194,95089,11385,52889,172
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Provision for Loan Losses
5,4734,3942,543-4,59411,3203,590
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Revenue
94,62695,78792,40793,70774,20885,582
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Revenue Growth (YoY)
-2.22%3.66%-1.39%26.28%-13.29%-2.46%
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Salaries and Employee Benefits
35,96935,23033,54733,14030,62529,877
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Occupancy Expenses
4,8184,7234,5994,6514,5186,588
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Selling, General & Administrative
17,28216,33415,61814,97013,34010,277
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Other Non-Interest Expense
7,5877,4587,6746,9706,7306,086
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Total Non-Interest Expense
65,65663,74561,43859,73155,21352,828
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EBT Excluding Unusual Items
28,97032,04230,96933,97618,99532,754
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Other Unusual Items
-3,700-3,700----
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Pretax Income
25,27028,34230,96933,97618,99532,754
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Income Tax Expense
1,6591,8273,4411,9981,1015,324
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Net Income
23,61126,51527,52831,97817,89427,430
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Preferred Dividends & Other Adjustments
1,6691,6491,5131,4211,4211,432
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Net Income to Common
21,94224,86626,01530,55716,47325,998
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Net Income Growth
-22.59%-3.68%-13.92%78.71%-34.76%-2.55%
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Basic Shares Outstanding
7,9198,0298,1148,4938,7539,391
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Diluted Shares Outstanding
7,9398,0818,1688,5588,7979,443
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Shares Change (YoY)
-2.62%-1.07%-4.57%-2.71%-6.84%-7.76%
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EPS (Basic)
2.773.103.213.601.882.77
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EPS (Diluted)
2.753.083.193.571.872.75
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EPS Growth
-23.10%-3.45%-10.64%90.91%-32.00%5.36%
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Dividend Per Share
0.9800.9200.8600.7800.7200.660
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Dividend Growth
8.89%6.98%10.26%8.33%9.09%22.22%
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Effective Tax Rate
6.57%6.45%11.11%5.88%5.80%16.25%
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Source: S&P Capital IQ. Banks template. Financial Sources.