Bank of America Corporation (BAC)

Bank of America Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	98,581	94,950	89,113	85,528	91,244
Revenue Growth (YoY)	3.82%	6.55%	4.19%	-6.26%	0.25%
Gross Profit	98,581	94,950	89,113	85,528	91,244
Selling, General & Admin	55,530	51,506	50,081	46,558	47,492
Other Operating Expenses	10,315	9,932	9,650	8,655	7,408
Operating Expenses	65,845	61,438	59,731	55,213	54,900
Operating Income	32,736	33,512	29,382	30,315	36,344
Other Expense / Income	4,394	2,543	-4,594	11,320	3,590
Pretax Income	28,342	30,969	33,976	18,995	32,754
Income Tax	1,827	3,441	1,998	1,101	5,324
Net Income	26,515	27,528	31,978	17,894	27,430
Preferred Dividends	1,649	1,513	1,421	1,421	1,432
Net Income Common	24,866	26,015	30,557	16,473	25,998
Net Income Growth	-4.42%	-14.86%	85.50%	-36.64%	-2.61%
Shares Outstanding (Basic)	8,029	8,114	8,493	8,753	9,391
Shares Outstanding (Diluted)	8,081	8,168	8,558	8,797	9,443
Shares Change	-1.07%	-4.57%	-2.71%	-6.84%	-7.76%
EPS (Basic)	3.10	3.21	3.60	1.88	2.77
EPS (Diluted)	3.08	3.19	3.57	1.87	2.75
EPS Growth	-3.45%	-10.64%	90.91%	-32.00%	5.36%
Free Cash Flow	44,982	-6,327	-7,193	37,993	61,777
Free Cash Flow Per Share	5.60	-0.78	-0.85	4.34	6.58
Dividend Per Share	0.920	0.860	0.780	0.720	0.660
Dividend Growth	6.98%	10.26%	8.33%	9.09%	22.22%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	33.21%	35.29%	32.97%	35.44%	39.83%
Profit Margin	25.22%	27.40%	34.29%	19.26%	28.49%
Free Cash Flow Margin	45.63%	-6.66%	-8.07%	44.42%	67.71%
Effective Tax Rate	6.45%	11.11%	5.88%	5.80%	16.25%
EBITDA	30,399	32,947	35,874	20,838	34,483
EBITDA Margin	30.84%	34.70%	40.26%	24.36%	37.79%
Depreciation & Amortization	2,057	1,978	1,898	1,843	1,729
EBIT	28,342	30,969	33,976	18,995	32,754
EBIT Margin	28.75%	32.62%	38.13%	22.21%	35.90%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).