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

Bank Of America's Leverage Ratio

BAC's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 3.17%, Leverage Ratio fell to 18.91, above the Bank Of America's average Leverage Ratio.

Within Commercial Banks industry in the first quarter 2024, 42 other companies have achieved lower Leverage Ratio than Bank Of America in the I Quarter 2024. While Leverage Ratio total ranking has deteriorated compared to the forth quarter 2023 from 2465 to 2947 .

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Who are BAC Customers?
What are BAC´s Total Liabilities?


BAC Leverage Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Equity Change 4.77 % 6.75 % 6.51 % 5.28 % 5.09 %
Y / Y Total Liabilities Change 1.78 % 3.45 % 1.64 % 86.31 % 83.49 %
Leverage Ratio MRQ 18.91 18.44 18.6 18.69 19.46
BAC's Total Ranking # 2947 # 2465 # 3757 # 2968 # 3672
Seq. Equity Change 0.65 % 1.6 % 1.32 % 1.11 % 2.56 %
Seq. Total Liabilities Change 3.17 % 0.76 % 0.81 % -2.87 % 4.86 %



Leverage Ratio first quarter 2024 Company Ranking
Within: No.
Commercial Banks Industry # 43
Financial Sector # 558
Overall Market # 2947


Leverage Ratio Statistics
High Average Low
19.49 10 7.13
(Sep 30 2022)   (Sep 30 2016)




Financial Statements
Bank Of America's Equity $ 293,552 Millions Visit BAC's Balance sheet
Bank Of America's Total Liabilities $ 5,549,830 Millions Visit BAC's Balance sheet
Source of BAC's Sales Visit BAC's Sales by Geography


Cumulative Bank Of America's Leverage Ratio

BAC's Leverage Ratio for the trailling 12 Months

BAC Leverage Ratio

(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Equity TTM Growth 4.77 % 6.75 % 6.51 % 5.28 % 5.09 %
Y / Y Total Liabilities TTM Growth 1.78 % 3.45 % 1.64 % 86.31 % 83.49 %
Leverage Ratio TTM 18.66 18.79 18.94 19.17 17.17
Total Ranking TTM # 93 # 110 # 3886 # 152 # 58
Seq. Equity TTM Growth 0.65 % 1.6 % 1.32 % 1.11 % 2.56 %
Seq. Total Liabilities TTM Growth 3.17 % 0.76 % 0.81 % -2.87 % 4.86 %


On the trailing twelve months basis Despite of the net new borrowings of 3.17% during the twelve months period ending in I Quarter 2024 Bank Of America has managed to decrease Leverage Ratio in the I Quarter 2024 to 18.66, above the BAC's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Commercial Banks industry BAC recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 93, from total ranking in previous 12 month period at 110.

Explain Leverage Ratio?
Who are BAC Customers?
What are BAC´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Commercial Banks Industry # 0
Financial Sector # 9
Within the Market # 93


trailing twelve months Leverage Ratio Statistics
High Average Low
11.46 9.1 7.21
(Dec. 30, 2005)  




Companies with similar Leverage Ratio in the quarter ending Mar 31 2024, within Commercial Banks Industry Leverage RatioMar 31 2024 MRQ Total LiabilitiesMar 31 2024 MRQ Equity
Patriot National Bancorp Inc  43.43 $ 1,895.217  Millions$ 43.637  Millions
Mizuho Financial Group Inc   41.96 $ 2,727,760.218  Millions$ 65,003.565  Millions
Consumers Bancorp Inc  33.00 $ 2,049.458  Millions$ 62.097  Millions
Zions Bancorporation National Association  27.51 $ 160,363.000  Millions$ 5,829.000  Millions
Meridian Corp  25.27 $ 4,042.033  Millions$ 159.936  Millions
Cullen  24.92 $ 90,658.137  Millions$ 3,638.180  Millions
Hsbc Usa Inc   24.40 $ 286,842.000  Millions$ 11,756.000  Millions
Old Point Financial Corp  23.94 $ 2,576.567  Millions$ 107.630  Millions
Ames National Corporation  23.91 $ 3,957.321  Millions$ 165.540  Millions
Ameriserv Financial Inc  23.75 $ 2,468.607  Millions$ 103.933  Millions
Fidelity D and D Bancorp Inc  23.67 $ 4,535.243  Millions$ 191.635  Millions
Hawthorn Bancshares Inc   23.62 $ 3,226.985  Millions$ 136.620  Millions
Fncb Bancorp Inc   23.49 $ 3,235.815  Millions$ 137.745  Millions
Amerant Bancorp Inc   23.26 $ 17,168.827  Millions$ 738.085  Millions
Southern First Bancshares Inc   23.00 $ 7,251.129  Millions$ 315.256  Millions
Evans Bancorp Inc   22.82 $ 3,983.588  Millions$ 174.595  Millions
Cf Bankshares Inc   22.81 $ 3,604.544  Millions$ 157.999  Millions
Comerica Incorporated  22.64 $ 136,972.000  Millions$ 6,050.000  Millions
Carter Bankshares Inc   22.35 $ 8,026.401  Millions$ 359.066  Millions
Keycorp  22.35 $ 325,100.000  Millions$ 14,547.000  Millions
National Bankshares Inc  22.17 $ 3,090.138  Millions$ 139.390  Millions
First Bancorp Inc  22.13 $ 5,369.313  Millions$ 242.624  Millions
Landmark Bancorp Inc   21.64 $ 2,740.830  Millions$ 126.671  Millions
Community Ban corp   21.57 $ 1,928.636  Millions$ 89.404  Millions
Alerus Financial Corporation  21.17 $ 7,868.511  Millions$ 371.635  Millions
Synovus Financial Corp  20.96 $ 105,649.913  Millions$ 5,041.636  Millions
Us Bancorp De  20.94 $ 1,173,203.000  Millions$ 56,033.000  Millions
Camden National Corp  20.83 $ 10,446.231  Millions$ 501.577  Millions
First United Corporation  20.50 $ 3,391.748  Millions$ 165.481  Millions
Arrow Financial Corporation  20.46 $ 7,734.658  Millions$ 377.986  Millions

Date modified: 2024-05-01T13:54:51+00:00



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