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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 Annual Effective Tax Rate

Five Year Trends




BAC Annual Effective Tax Rate

(Dec 31 2023)
(Dec 31 2022)
(Dec 31 2021)
(Dec 31 2020)
(Dec 31 2019)
Y / Y Annual Pre-Tax Income Growth -8.48 % -8.85 % 78.87 % -42.01 % -5.29 %
Y / Y Annual Income taxes expenses / -benefit Growth -46.9 % 72.22 % 81.47 % -79.32 % -17.29 %
Annual Effective Tax Rate 6.45 % 11.11 % 5.88 % 5.8 % 16.25 %


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Annual Effective Tax Rate Comment
Bank Of America's effective tax rate in (Dec 31 2023) decreased compare to previous year to 6.45 % from 11.11 % a year ago.
BAC payed income tax of $1827 millions of dollars in (Dec 31 2023) and $3441 millions one year before.



Companies with similar Annual Effective Tax Rate in the Fiscal Year ending Dec 31 2023, within Commercial Banks Industry Annual Effective Tax RateDec 31 2023 FY Annual Income taxes expenses / -benefitDec 31 2023 FY Annual Pre-Tax Income
Fncb Bancorp Inc   17.52 %$ 2.757 $ 15.740 
Park National Corporation  17.49 %$ 26.870 $ 153.604 
Consumers Bancorp Inc  17.40 %$ 2.248 $ 12.922 
Huntington Bancshares Incorporated  17.32 %$ 413.000 $ 2,384.000 
First Bancorp Inc  17.32 %$ 6.184 $ 35.702 
Lcnb Corp   17.25 %$ 2.632 $ 15.260 
Fnb Corp  16.95 %$ 99.000 $ 584.000 
Keycorp  16.90 %$ 196.000 $ 1,160.000 
Pnc Financial Services Group Inc  16.17 %$ 1,089.000 $ 6,736.000 
Ames National Corporation  16.08 %$ 2.072 $ 12.889 
Cullen  16.06 %$ 114.400 $ 712.373 
National Bankshares Inc  15.98 %$ 2.984 $ 18.675 
Peoples Financial Services Corp   15.76 %$ 5.121 $ 32.501 
First Merchants Corporation  13.67 %$ 35.446 $ 259.232 
Wells Fargo and Company  12.05 %$ 2,607.000 $ 21,636.000 
First Of Long Island Corp  10.96 %$ 3.229 $ 29.468 
Regions Financial Corporation  10.42 %$ 533.000 $ 5,116.000 
Fidelity D and D Bancorp Inc  10.10 %$ 2.046 $ 20.256 
Arrow Financial Corporation  9.92 %$ 7.445 $ 75.040 
Burke and Herbert Financial Services Corp   9.45 %$ 2.369 $ 25.061 
Pathward Financial Inc   8.96 %$ 16.324 $ 182.131 
Bank Of America Corporation  6.45 %$ 1,827.000 $ 28,342.000 
Simmons First National Corp  6.37 %$ 25.546 $ 401.206 





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