Bank of America Corporation (BAC)

Bank of America Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	61,398	60,096	56,060	56,931	52,462	42,934
Net Interest Income Growth	8.72%	7.20%	-1.53%	8.52%	22.19%	-0.98%
Non-Interest Income	54,605	53,001	49,796	45,838	42,488	46,179
Non-Interest Income Growth	16.27%	6.44%	8.63%	7.89%	-7.99%	9.51%
Revenues Before Loan Losses	116,003	113,097	105,856	102,769	94,950	89,113
Provision for Credit Losses	5,532	5,675	5,821	4,394	2,543	-4,594
Revenue	110,471	107,422	100,035	98,375	92,407	93,707
Revenue Growth (YoY)	13.36%	7.38%	1.69%	6.46%	-1.39%	26.28%
Compensation Expenses	42,791	42,346	40,182	38,330	36,447	36,140
Selling, General & Admin	16,455	16,161	15,350	14,401	13,899	13,364
Other Non-Interest Expenses	11,242	11,220	11,280	13,114	11,092	10,227
Total Non-Interest Expense	70,488	69,727	66,812	65,845	61,438	59,731
Pretax Income	39,983	37,695	33,223	32,530	30,969	33,976
Provision for Income Taxes	8,286	7,186	6,250	6,225	3,441	1,998
Net Income	30,220	29,055	25,344	24,656	26,015	30,557
Net Income Attributable to Preferred Dividends	1,477	1,454	1,629	1,649	1,513	1,421
Net Income to Common	30,220	29,055	25,344	24,656	26,015	30,557
Net Income Growth	15.38%	14.64%	2.79%	-5.22%	-14.86%	85.50%
Shares Outstanding (Basic)	7,417	7,522	7,856	8,029	8,114	8,493
Shares Outstanding (Diluted)	7,561	7,681	7,936	8,081	8,168	8,558
Shares Change (YoY)	-3.60%	-3.21%	-1.79%	-1.06%	-4.57%	-2.71%
EPS (Basic)	4.08	3.86	3.23	3.07	3.21	3.60
EPS (Diluted)	4.03	3.81	3.19	3.05	3.19	3.57
EPS Growth	19.94%	19.44%	4.59%	-4.39%	-10.64%	90.91%
Shares Outstanding	7,177	7,212	7,611	7,895	7,997	8,078
Free Cash Flow	-	12,613	-8,805	44,982	-6,327	-7,193
Free Cash Flow Per Share	-	1.64	-1.11	5.57	-0.77	-0.84
Dividends Per Share	1.100	1.080	1.000	0.920	0.860	0.780
Dividend Growth	1.85%	8.00%	8.70%	6.98%	10.26%	8.33%
Profit Margin	28.69%	28.40%	26.96%	26.74%	29.79%	34.13%
FCF Margin	-	11.74%	-8.80%	45.73%	-6.85%	-7.68%
EBITDA	-	2,314	2,189	2,057	1,978	1,898
EBITDA Margin	-	2.15%	2.19%	2.09%	2.14%	2.03%
Effective Tax Rate	20.72%	19.06%	18.81%	19.14%	11.11%	5.88%

Updated Apr 15, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q