Bank of America Corporation (BAC)
NYSE: BAC · IEX Real-Time Price · USD
41.59
-0.22 (-0.53%)
At close: Jul 12, 2024, 4:00 PM
41.79
+0.20 (0.48%)
Pre-market: Jul 15, 2024, 7:32 AM EDT

Bank of America Income Statement

Millions USD. Fiscal year is Jan - Dec.
Year Ending
TTM Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019 2018 - 1994
Revenue
98,14198,58194,95089,11385,52891,244
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Revenue Growth (YoY)
0.16%3.82%6.55%4.19%-6.26%0.25%
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Gross Profit
98,14198,58194,95089,11385,52891,244
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Selling, General & Admin
56,46555,53051,50650,08146,55847,492
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Other Operating Expenses
10,37910,3159,9329,6508,6557,408
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Operating Expenses
66,84465,84561,43859,73155,21354,900
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Operating Income
31,29732,73633,51229,38230,31536,344
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Other Expense / Income
4,7824,3942,543-4,59411,3203,590
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Pretax Income
26,51528,34230,96933,97618,99532,754
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Income Tax
1,4871,8273,4411,9981,1015,324
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Net Income
25,02826,51527,52831,97817,89427,430
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Preferred Dividends
1,6761,6491,5131,4211,4211,432
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Net Income Common
23,35224,86626,01530,55716,47325,998
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Net Income Growth
-13.74%-4.42%-14.86%85.50%-36.64%-2.61%
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Shares Outstanding (Basic)
7,9688,0298,1148,4938,7539,391
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Shares Outstanding (Diluted)
8,0318,0818,1688,5588,7979,443
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Shares Change
-1.84%-1.07%-4.57%-2.71%-6.84%-7.76%
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EPS (Basic)
2.923.103.213.601.882.77
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EPS (Diluted)
2.903.083.193.571.872.75
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EPS Growth
-12.91%-3.45%-10.64%90.91%-32.00%5.36%
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Free Cash Flow
40,74344,982-6,327-7,19337,99361,777
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Free Cash Flow Per Share
5.115.60-0.78-0.854.346.58
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Dividend Per Share
0.9400.9200.8600.7800.7200.660
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Dividend Growth
8.05%6.98%10.26%8.33%9.09%22.22%
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Gross Margin
100.00%100.00%100.00%100.00%100.00%100.00%
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Operating Margin
31.89%33.21%35.29%32.97%35.44%39.83%
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Profit Margin
23.79%25.22%27.40%34.29%19.26%28.49%
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Free Cash Flow Margin
41.51%45.63%-6.66%-8.07%44.42%67.71%
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Effective Tax Rate
5.61%6.45%11.11%5.88%5.80%16.25%
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EBITDA
28,60730,39932,94735,87420,83834,483
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EBITDA Margin
29.15%30.84%34.70%40.26%24.36%37.79%
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Depreciation & Amortization
2,0922,0571,9781,8981,8431,729
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EBIT
26,51528,34230,96933,97618,99532,754
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EBIT Margin
27.02%28.75%32.62%38.13%22.21%35.90%
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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).