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
Financials in millions USD. Fiscal year is January - December.
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 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
Interest Income on Loans | 146,259 | 130,262 | 72,565 | 47,672 | 51,585 | 71,236 | Upgrade
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Total Interest Income | 146,259 | 130,262 | 72,565 | 47,672 | 51,585 | 71,236 | Upgrade
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Interest Paid on Deposits | 90,612 | 73,331 | 20,103 | 4,738 | 8,225 | 22,345 | Upgrade
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Total Interest Expense | 90,612 | 73,331 | 20,103 | 4,738 | 8,225 | 22,345 | Upgrade
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Net Interest Income | 55,647 | 56,931 | 52,462 | 42,934 | 43,360 | 48,891 | Upgrade
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Net Interest Income Growth (YoY) | -3.50% | 8.52% | 22.19% | -0.98% | -11.31% | 1.51% | Upgrade
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Gain (Loss) on Sale of Investments | -1,905 | -1,905 | -1,168 | -1,078 | -589 | -2,737 | Upgrade
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Other Non-Interest Income | 46,357 | 45,155 | 43,656 | 47,257 | 42,757 | 43,018 | Upgrade
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Total Non-Interest Income | 44,452 | 43,250 | 42,488 | 46,179 | 42,168 | 40,281 | Upgrade
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Non-Interest Income Growth (YoY) | 2.22% | 1.79% | -7.99% | 9.51% | 4.68% | -6.01% | Upgrade
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Revenues Before Loan Losses | 100,099 | 100,181 | 94,950 | 89,113 | 85,528 | 89,172 | Upgrade
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Provision for Loan Losses | 5,473 | 4,394 | 2,543 | -4,594 | 11,320 | 3,590 | Upgrade
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Revenue | 94,626 | 95,787 | 92,407 | 93,707 | 74,208 | 85,582 | Upgrade
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Revenue Growth (YoY) | -2.22% | 3.66% | -1.39% | 26.28% | -13.29% | -2.46% | Upgrade
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Salaries and Employee Benefits | 35,969 | 35,230 | 33,547 | 33,140 | 30,625 | 29,877 | Upgrade
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Occupancy Expenses | 4,818 | 4,723 | 4,599 | 4,651 | 4,518 | 6,588 | Upgrade
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Selling, General & Administrative | 17,282 | 16,334 | 15,618 | 14,970 | 13,340 | 10,277 | Upgrade
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Other Non-Interest Expense | 7,587 | 7,458 | 7,674 | 6,970 | 6,730 | 6,086 | Upgrade
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Total Non-Interest Expense | 65,656 | 63,745 | 61,438 | 59,731 | 55,213 | 52,828 | Upgrade
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EBT Excluding Unusual Items | 28,970 | 32,042 | 30,969 | 33,976 | 18,995 | 32,754 | Upgrade
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Other Unusual Items | -3,700 | -3,700 | - | - | - | - | Upgrade
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Pretax Income | 25,270 | 28,342 | 30,969 | 33,976 | 18,995 | 32,754 | Upgrade
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Income Tax Expense | 1,659 | 1,827 | 3,441 | 1,998 | 1,101 | 5,324 | Upgrade
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Net Income | 23,611 | 26,515 | 27,528 | 31,978 | 17,894 | 27,430 | Upgrade
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Preferred Dividends & Other Adjustments | 1,669 | 1,649 | 1,513 | 1,421 | 1,421 | 1,432 | Upgrade
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Net Income to Common | 21,942 | 24,866 | 26,015 | 30,557 | 16,473 | 25,998 | Upgrade
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Net Income Growth | -22.59% | -3.68% | -13.92% | 78.71% | -34.76% | -2.55% | Upgrade
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Basic Shares Outstanding | 7,919 | 8,029 | 8,114 | 8,493 | 8,753 | 9,391 | Upgrade
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Diluted Shares Outstanding | 7,939 | 8,081 | 8,168 | 8,558 | 8,797 | 9,443 | Upgrade
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Shares Change (YoY) | -2.62% | -1.07% | -4.57% | -2.71% | -6.84% | -7.76% | Upgrade
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EPS (Basic) | 2.77 | 3.10 | 3.21 | 3.60 | 1.88 | 2.77 | Upgrade
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EPS (Diluted) | 2.75 | 3.08 | 3.19 | 3.57 | 1.87 | 2.75 | Upgrade
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EPS Growth | -23.10% | -3.45% | -10.64% | 90.91% | -32.00% | 5.36% | Upgrade
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Dividend Per Share | 0.980 | 0.920 | 0.860 | 0.780 | 0.720 | 0.660 | Upgrade
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Dividend Growth | 8.89% | 6.98% | 10.26% | 8.33% | 9.09% | 22.22% | Upgrade
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Effective Tax Rate | 6.57% | 6.45% | 11.11% | 5.88% | 5.80% | 16.25% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.