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    Bank of America Corp (BAC)

    Financials

    Updated Feb 25, 2025, 11:16 PM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Interest income (USD, millions)33,624.0035,629.00130,26236,28536,854.0037,491.00--
    Interest expense (USD, millions)19,245.0021,683.0073,33122,25323,152.0023,524.00--
    Net interest income (USD, millions)14,379.0013,946.0056,93114,03213,702.0013,967.00--
    Fees and commissions (USD, millions)8,135.008,019.0032,0098,6608,969.009,119.00--
    Market making and similar activities (USD, millions)3,325.00998.0012,7323,8883,298.003,278.00--
    Other income (loss) (USD, millions)(672.00)(1,004.00)(3,091)(762)(592.00)(1,019.00)--
    Total noninterest income (USD, millions)10,788.008,013.0041,65011,78611,675.0011,378.00--
    Total revenue, net of interest expense (USD, millions)25,167.0098,58125,81825,377.0025,345.00--
    Provision for credit losses (USD, millions)1,234.001,104.004,3941,3191,508.001,542.00--
    Compensation and benefits (USD, millions)9,551.009,460.0038,33010,1959,826.009,916.00--
    Occupancy and equipment (USD, millions)1,795.001,794.007,1641,8111,818.001,836.00--
    Information processing and communications (USD, millions)1,676.001,690.006,7071,8001,763.001,784.00--
    Product delivery and transaction related (USD, millions)880.00882.003,608851891.00849.00--
    Professional fees (USD, millions)545.00550.002,159548654.00723.00--
    Marketing (USD, millions)501.00455.001,927455487.00504.00--
    Other general operating (USD, millions)890.002,900.005,9501,577870.00867.00--
    Total noninterest expense (USD, millions)15,838.0017,731.0065,84517,23716,309.0016,479.00--
    Income before income taxes (USD, millions)8,095.003,124.0028,3427,2627,560.007,324.00--
    Income tax expense (USD, millions)293.001,827588663.00428.00--
    Net income (USD, millions)7,802.0026,5156,6746,897.006,896.00--
    Preferred stock dividends (USD, millions)532.00306.001,649532315.00516.00--
    Net income applicable to common shareholders (USD, millions)7,270.002,838.0024,8666,1426,582.006,380.00--
    Earnings per common share (USD)0.913.100.770.830.82--
    Diluted earnings per common share (USD)0.900.363.080.760.830.81--
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Cash and due from banks (USD, millions)25,25527,89227,89223,55025,84924,847--
    Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks (USD, millions)326,471305,181305,181289,854294,783270,742--
    Cash and cash equivalents (USD, millions)351,726333,073333,073313,404320,632--
    Time deposits placed and other short-term investments (USD, millions)7,9958,3468,3467,8598,3698,151--
    Federal funds sold and securities borrowed or purchased under agreements to resell (USD, millions)309,249280,624280,624316,093337,752337,706--
    Trading account assets (USD, millions)306,409277,354277,354318,364306,466342,135--
    Derivative assets (USD, millions)47,46439,32339,32336,23635,95634,182--
    Debt securities carried at fair value (USD, millions)175,540276,852323,119301,051325,436--
    Held-to-maturity debt securities, at cost (USD, millions)603,333594,555594,555586,863577,366567,553--
    Total debt securities (USD, millions)778,873871,407871,407909,982878,417892,989--
    Loans and leases (USD, millions)1,049,1491,053,7321,053,7321,049,1561,056,7851,075,800--
    Allowance for loan and lease losses (USD, millions)(13,287)(13,342)(13,342)(13,213)(13,238)(13,251)--
    Loans and leases, net of allowance (USD, millions)1,035,8621,040,3901,040,3901,035,9431,043,5471,062,549--
    Premises and equipment, net (USD, millions)11,82111,85511,85511,90111,91712,033--
    Goodwill (USD, millions)69,02169,02169,02169,02169,02169,021--
    Loans held-for-sale (USD, millions)7,5916,0026,0028,5717,04310,351--
    Customer and other receivables (USD, millions)74,34781,88181,88186,10680,97891,267--
    Other assets (USD, millions)152,732160,875160,875160,323157,898168,320--
    Total assets (USD, millions)3,153,0903,180,1513,180,1513,273,8033,257,9963,324,293--
    Deposits in U.S. offices, Noninterest-bearing (USD, millions)549,333530,619530,619524,982503,037498,263--
    Deposits in U.S. offices, Interest-bearing (USD, millions)1,228,0391,273,9041,273,9041,304,5081,291,8531,308,856--
    Deposits in non-U.S. offices, Noninterest-bearing (USD, millions)15,27616,42716,42716,50214,57315,457--
    Deposits in non-U.S. offices, Interest-bearing (USD, millions)91,953102,877100,504101,028107,776--
    Total deposits (USD, millions)1,884,6011,923,8271,923,8271,946,4961,910,4911,930,352--
    Federal funds purchased and securities loaned or sold under agreements to repurchase (USD, millions)300,703283,887283,887329,658368,106--
    Trading account liabilities (USD, millions)102,82095,53095,530114,326100,34598,316--
    Derivative liabilities (USD, millions)40,85543,43243,43240,40140,50843,131--
    Short-term borrowings (USD, millions)40,19632,09832,09838,89540,42938,440--
    Accrued expenses and other liabilities (USD, millions)206,492207,527207,527214,129213,751222,657--
    Long-term debt (USD, millions)290,359302,204302,204296,346290,474296,927--
    Total liabilities (USD, millions)2,866,0262,888,5052,888,5052,980,2512,964,1043,027,781--
    Preferred stock (USD, millions)28,39728,39728,39728,39726,54824,554--
    Common stock and additional paid-in capital (USD, millions)56,71056,36556,36554,31051,37648,338--
    Retained earnings (USD, millions)223,749224,672224,672228,902233,597237,954--
    Accumulated other comprehensive income (loss) (USD, millions)(21,792)(17,788)(17,788)(18,057)(17,629)(14,334)--
    Total shareholders’ equity (USD, millions)287,064291,646291,646293,552293,892296,512--
    Total liabilities and shareholders’ equity (USD, millions)3,153,0903,180,1513,180,1513,273,8033,257,9963,324,293--
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net income (USD, millions)7,802.00-------
    Provision for credit losses (USD, millions)1,234.00-------
    (Gains) losses on sales of debt securities (USD, millions)0.00-------
    Depreciation and amortization (USD, millions)517.00-------
    Net amortization of premium/discount on debt securities (USD, millions)91.00-------
    Deferred income taxes (USD, millions)(828.00)-------
    Stock-based compensation (USD, millions)588.00-------
    Loans held-for-sale: Originations and purchases (USD, millions)(4,200.00)-------
    Loans held-for-sale: Proceeds from sales and paydowns (USD, millions)3,367.00-------
    Net change in: Trading and derivative assets/liabilities (USD, millions)3,392.00-------
    Net change in: Other assets (USD, millions)(269.00)-------
    Net change in: Accrued expenses and other liabilities (USD, millions)363.00-------
    Other operating activities, net (USD, millions)(285.00)-------
    Net cash provided by (used in) operating activities (USD, millions)11,772.00-------
    Net change in: Time deposits placed and other short-term investments (USD, millions)(14.00)-------
    Net change in: Federal funds sold and securities borrowed or purchased under agreements to resell (USD, millions)(32,968.00)-------
    Debt securities carried at fair value: Proceeds from sales (USD, millions)133.00-------
    Debt securities carried at fair value: Proceeds from paydowns and maturities (USD, millions)14,831.00-------
    Debt securities carried at fair value: Purchases (USD, millions)(51,595.00)-------
    Held-to-maturity debt securities: Proceeds from paydowns and maturities (USD, millions)10,439.00-------
    Held-to-maturity debt securities: Purchases (USD, millions)(21.00)-------
    Loans and leases: Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities (USD, millions)2,605.00-------
    Loans and leases: Purchases (USD, millions)(1,345.00)-------
    Other changes in loans and leases, net (USD, millions)(242.00)-------
    Other investing activities, net (USD, millions)(1,757.00)-------
    Net cash provided by (used in) investing activities (USD, millions)(59,934.00)-------
    Net change in: Deposits (USD, millions)7,392.00-------
    Net change in: Federal funds purchased and securities loaned or sold under agreements to repurchase (USD, millions)12,076.00-------
    Net change in: Short-term borrowings (USD, millions)(821.00)-------
    Long-term debt: Proceeds from issuance (USD, millions)22,246.00-------
    Long-term debt: Retirement (USD, millions)(9,899.00)-------
    Preferred stock: Proceeds from issuance (USD, millions)--------
    Common stock repurchased (USD, millions)(1,000.00)-------
    Cash dividends paid (USD, millions)(2,411.00)-------
    Other financing activities, net (USD, millions)45.00-------
    Net cash provided by (used in) financing activities (USD, millions)27,628.00-------
    Effect of exchange rate changes on cash and cash equivalents (USD, millions)(1,293.00)-------
    Net increase (decrease) in cash and cash equivalents (USD, millions)(21,827.00)-------
    Interest paid (USD, millions)--------
    Income taxes paid, net (USD, millions)--------
    Cash and cash equivalents at January 1 (USD, millions)230,203-------
    Cash and cash equivalents at September 30 (USD, millions)351,726-------
    Cash and cash equivalents at June 30 (USD, millions)--------
    Cash and cash equivalents at March 31 (USD, millions)--------
    Cash and cash equivalents at December 31 (USD, millions)--------
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Consumer Banking10,47210,32942,03110,16610,20610,41810,64641,436
    - Net Interest Income---386(1)33,03533,078
    - Noninterest Income---(1,682)(1,761)(2,151)13,9528,358
    Global Wealth & Investment Management5,3215,22721,1055,5915,5745,7626,00222,929
    Global Banking6,2035,92824,7965,9806,0535,8346,09123,958
    Global Markets4,9424,08819,5275,8835,4595,6304,8421,812
    All Other(1,618)-3,468(8,311)(1,644)(1,755)(2,152)-2,078(7,629)
    Total Revenue25,32022,10499,14825,81825,37725,34525,966102,506
    Revenue by Geography - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    United States--85,571----88,465
    Non-U.S.--13,010----13,422
    - Asia--4,952----5,184
    - Europe, Middle East, Africa--6,393----6,499
    - Latin America, Caribbean--1,665----1,739
    Total Revenue--98,581----101,887
    KPIs - Metric (Unit, Scale)FY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Number of Active Digital Banking Users (thousands)45,797-46,26547,07947,30447,830--
    Number of Active Mobile Banking Users (thousands)37,487-37,92738,54438,98839,638--
    Number of Financial Centers (Count)3,862-3,8453,8043,7863,741--
    Number of ATMs (Count)15,253-15,00015,02814,97214,900--
    Consumer Investment Assets (millions)$387,467-$424,410$456,391$476,116$496,582--
    Total deposit spreads (excludes noninterest costs) (percentage)2.76%-2.70%2.69%2.77%2.81%--
    Average Global Liquidity Sources (billions)859-897909909947--
    Average consolidated HQLA on a net basis (billions)582-590586592610--
    Average consolidated LCR (percentage)116-115113113115--
    Percentage of trading days with positive trading-related revenue (percentage)100%--100%100%100%--
    Percentage of daily trading gains over $25 million (percentage)94%--97%95%98%--
    Gross interest yield on credit card (percentage)12.03-11.8812.2412.3212.49--
    Risk-adjusted margin for credit card (percentage)7.70-7.836.816.757.22--
    Number of new credit card accounts (thousands)1,062-4,275998951970--
    Credit card purchase volumes (millions)91,711-363,11787,01193,29692,592--
    Debit card purchase volumes (millions)133,553-527,074132,407140,346139,352--