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Income Statement
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Cash Flow Statement
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Credit Analysis

BANK OF AMERICA CORP (BAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans   29,282.034,029.043,086.040,811.036,221.033,228.031,918.0
        Interest income on investments        9,167.09,178.0
        Interest income on trading account         4,397.0
        Interest income on repurchase agreements   -90.0903.04,843.03,176.02,390.01,118.0988.0
       72,565.047,672.051,585.071,236.066,769.057,579.051,057.049,507.0
    Interest expense:  
        Interest on deposits   537.01,943.07,188.04,495.01,931.01,015.0861.0
       20,103.04,738.08,225.022,345.018,607.012,340.09,961.010,549.0
Net interest income  52,462.042,934.043,360.048,891.048,162.045,239.041,096.038,958.0
Provision for loan losses  2,543.0-4,594.011,320.03,590.03,282.03,396.03,597.03,161.0
Net interest income after provision for loan losses  49,919.047,528.032,040.045,301.044,880.041,843.037,499.035,797.0
        Deposit and loan fees        7,638.07,381.0
        Credit and debit card fees        5,851.05,959.0
        Gain on sale of investments, net         1,138.0
        Other non-interest income  42,488.046,179.042,168.042,353.042,858.041,887.029,116.029,529.0
Total non-interest income  42,488.046,179.042,168.042,353.042,858.041,887.042,605.044,007.0
Non-interest expenses  61,438.059,731.055,213.054,900.053,154.054,517.055,083.057,617.0
Equity in earnings          
Pre-tax income  30,969.033,976.018,995.032,754.034,584.029,213.025,021.022,187.0
Income taxes  3,441.01,998.01,101.05,324.06,437.010,981.07,199.06,277.0
            Tax rate  11.1%5.9%5.8%16.3%18.6%37.6%28.8%28.3%
Net income  26,015.030,557.016,473.025,998.026,696.016,618.016,140.014,427.0
            Net margin  28.2%32.6%22.2%29.7%30.4%19.8%20.1%18.1%
   
Basic EPS  $3.19$3.60$1.88$2.77$2.64$1.63$1.57$1.38
Diluted EPS  $3.19$3.57$1.87$2.75$2.61$1.54$1.46$1.28
   
Shares outstanding (basic)  8,167.58,493.38,753.29,390.510,096.510,195.610,284.110,462.3
Shares outstanding (diluted)  8,167.58,558.48,796.99,442.910,236.910,778.411,046.811,236.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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