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Bank Of America Corporation  (BAC)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 

Bank Of America Income Statement Annual

BAC


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Annual GAAP In millions $)

(Dec 31 2020)
2020
(Dec 31 2019)
2019
(Dec 31 2018)
2018
(Dec 31 2017)
2017
(Dec 31 2016)
2016
Interest and Fee Income, Loans and Leases - - 40,811.00 36,221.00 33,228.00
Interest and Dividend Income, Securities, Operating - - 11,724.00 10,471.00 9,167.00
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell - - 3,176.00 2,390.00 1,118.00
Other Interest and Dividend Income - - 6,247.00 4,023.00 3,121.00
Other Income - - 4,811.00 4,474.00 4,423.00
Total Interest Income 51,585.00 71,236.00 66,769.00 57,579.00 51,057.00
Interest Expense, Deposits - - 4,495.00 1,931.00 1,015.00
Interest Expense, Short-term Borrowings - - 13,484.00 9,777.00 7,928.00
Interest Expense, Trading Liabilities - - 1,358.00 1,204.00 1,018.00
Total Interest Expense 8,225.00 22,345.00 19,337.00 12,912.00 9,961.00
Net Interest Income 43,360.00 48,891.00 47,432.00 44,667.00 41,096.00
Provision for loan losses - 3,590.00 3,282.00 3,396.00 3,597.00
Total Net Interest Income 43,360.00 45,301.00 44,150.00 41,271.00 37,499.00
Trading Gain (Loss) 8,355.00 - 28,027.00 40,513.00 40,230.00
Trading - - - - -
Other income -738.00 304.00 1,970.00 1,917.00 1,885.00
Interest Income Debt Securities - - - - -
Revenues Net Of Interest Expense Before Provision For Loan Loss - - - - -
Investment Banking And Underwriting Revenue - - - - -
Equity Investment Gains Losses - - - - -
Available For Sale Debt Securities Realized Gain Loss Other Than Temporary Impairments Amount - - - - -
Net Impairment Losses On Available For Sale Debt Securities - - - - -
Fees And Commissions 34,551.00 - 4,811.00 - -
Loss/ -Gain on Investment - - - 255.00 490.00
Other Non-Interest Income -3,433.00 39,287.00 4,196.00 - -
Product Delivery And Transaction Related Expenses 3,433.00 2,762.00 - - -
Total Noninterest Income 42,168.00 42,353.00 43,815.00 42,685.00 42,605.00
Total Revenues 85,528.00 87,654.00 91,247.00 87,352.00 83,701.00
Salaries & employee benefits, SGA 34,426.00 33,911.00 33,554.00 33,388.00 33,319.00
Depriciation & Amortization - - - - 730.00
Equipment expense - - - - -
Communications, Occupancy and Information Technology 12,363.00 11,234.00 7,987.00 7,847.00 7,791.00
Professional Fees 1,694.00 1,597.00 1,699.00 1,888.00 1,971.00
Communications & Processing - - - - -
Restructuring & Amortization - - - - -
Marketing expense - - - - -
Other Noninterest Expense 3,297.00 5,396.00 8,436.00 9,928.00 9,336.00
Total noninterest revenues 3,433.00 2,762.00 1,705.00 1,692.00 1,804.00
Total Operating Expenses 55,213.00 54,900.00 53,381.00 54,743.00 54,951.00
Total Costs & Expenses 63,438.00 77,245.00 72,718.00 67,655.00 64,912.00
Income /-loss before income taxes 18,995.00 32,754.00 34,584.00 29,213.00 25,153.00
Income taxes expenses/-benefit 1,101.00 5,324.00 6,437.00 10,981.00 7,247.00
Income after income taxes 17,894.00 27,430.00 28,147.00 18,232.00 17,906.00
Net income/-loss of other equity - - - - -
Income /-loss after income taxes 17,894.00 27,430.00 28,147.00 18,232.00 17,906.00
Extr. Items - - - - -
Preferred stock dividends - - - - -
Net Income/-loss 17,894.00 27,430.00 28,147.00 18,232.00 17,906.00
   Noncontrolling interests - - - - -
   Prefered dividends 1,421.00 1,432.00 1,451.00 1,614.00 1,682.00
   Other - - - - -
Income/-loss to shareholder 16,473.00 25,998.00 26,696.00 16,618.00 16,224.00


Per Share (GAAP Annual, in $) (Dec 31 2020)
2020
(Dec 31 2019)
2019
(Dec 31 2018)
2018
(Dec 31 2017)
2017
(Dec 31 2016)
2016
Basic EPS (excl. extra items) 1.88 2.77 2.64 1.63 1.58
   Extraordinary items 0.00 0.00 0.00 0.00 0.00
Basic Net EPS 1.88 2.77 2.64 1.63 1.58
Basic shares outstanding (Mill. of Units) 8,753.20 9,390.50 10,096.50 10,195.65 10,284.15
   EPS other shares - - - - -
Diluted Net EPS 1.87 2.75 2.61 1.56 1.50
Diluted average shares (Mill. of Units) 8,796.90 9,442.90 10,236.90 10,778.43 11,035.66
Dividend per share 0.878 0.628 0.674 0.529 0.38

       
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