CSIMarket



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

BAC's Net Income Growth by Quarter and Year

Bank Of America's Net Income results by quarter and year




BAC Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 7,013.00 5,470.00 6,994.00
III Quarter September - 7,691.00 4,881.00 5,777.00
II Quarter June - 9,224.00 3,533.00 7,348.00
I Quarter March 7,067.00 8,050.00 4,010.00 7,311.00
FY   7,067.00 31,978.00 17,894.00 27,430.00



BAC Net Income first quarter 2022 Y/Y Growth Comment
Bank Of America Corporation reported fall in Net Income in the first quarter 2022 by -12.21% to $ 7,067.00 millions, from the same quarter in 2021.
The decline in the first quarter 2022 Bank Of America Corporation's Net Income compares unfavorably to the Company's average Net Income rise of 36.5%.

Looking into first quarter 2022 results within Money Center Banks industry 2 other companies have achieved higher Net Income growth. While Bank Of America Corporation' s Net Income decrease of -12.21% ranks overall at the positon no. 332 in the first quarter 2022.




BAC Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 28.21 % -21.79 % -3.9 %
III Quarter September - 57.57 % -15.51 % -19.39 %
II Quarter June - 161.08 % -51.92 % 8.31 %
I Quarter March -12.21 % 100.75 % -45.15 % 5.68 %
FY   - 78.71 % -34.76 % -2.55 %

Financial Statements
Bank Of America's first quarter 2022 Net Income $ 7,067.00 millions BAC's Income Statement
Bank Of America's first quarter 2021 Net Income $ 8,050.00 millions Quarterly BAC's Income Statement
New: More BAC's historic Net Income Growth >>


BAC Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - -8.82 % 12.07 % 21.07 %
III Quarter September - -16.62 % 38.15 % -21.38 %
II Quarter June - 14.58 % -11.9 % 0.51 %
I Quarter March 0.77 % 47.17 % -42.67 % 0.45 %
FY (Year on Year)   - 78.71 % -34.76 % -2.55 %




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #3
Financial Sector #70
Overall #332

Net Income Y/Y Growth Statistics
High Average Low
1134.88 % 36.5 % -94.9 %
(Dec 31 2013)   (Dec. 30, 2007)
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #3
Financial Sector #70
Overall #332
Net Income Y/Y Growth Statistics
High Average Low
1134.88 % 36.5 % -94.9 %
(Dec 31 2013)   (Dec. 30, 2007)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Bank Of America's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
539.63 % 27.77 % -92.75 %
(June 30, 2012)   (Dec. 30, 2007)


BAC's I. Quarter Q/Q Net Income Comment
Bank Of America Corporation achieved in the I. Quarter 2022 below company average Net Income growth of 0.77% quarter on quarter, to $ 7,067.00 millions.

Within Money Center Banks industry 16 other companies have achieved higher Net Income quarter on quarter growth. While Bank Of America's Net Income growth quarter on quarter, overall rank is 791.


Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #17
Financial Sector #251
Overall #791
Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #17
Financial Sector #251
Overall #791
Net Income Q/Q Growth Statistics
High Average Low
539.63 % 27.77 % -92.75 %
(June 30, 2012)   (Dec. 30, 2007)


BAC's I. Quarter Q/Q Net Income Comment
Bank Of America Corporation achieved in the I. Quarter 2022 below company average Net Income growth of 0.77% quarter on quarter, to $ 7,067.00 millions.

Within Money Center Banks industry 16 other companies have achieved higher Net Income quarter on quarter growth. While Bank Of America's Net Income growth quarter on quarter, overall rank is 791.


Bank Of America's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
Cumulative Net Income 12 Months Ending $ 30,995.00 $ 31,978.00 $ 30,435.00 $ 27,625.00 $ 21,934.00
Y / Y Net Income Growth (TTM) 41.31 % 78.71 % 56.74 % 35.99 % -9.1 %
Year on Year Net Income Growth Overall Ranking # 176 # 273 # 797 # 994 # 1343
Seqeuential Net Income Change (TTM) -3.07 % 5.07 % 10.17 % 25.95 % 22.58 %
Seq. Net Income Growth (TTM) Overall Ranking # 356 # 955 # 984 # 649 # 751




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Mar 31 2022 period, Bank Of America's cumulative twelve months Net Income were $ 30,995 millions, company would post below average annual Net Income growth of 22.58% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Bank Of America's Net Income growth from the 7013% growth in Dec 31 2021.

In the Financial sector 46 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 176, from total ranking in previous quarter at 273.

Net Income TTM Q/Q Growth Statistics
High Average Low
92.41 %
1.36 %
-73.97 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 3
Financial Sector # 47
Overall # 176

Net Income TTM Y/Y Growth Statistics
High Average Low
3147.06 %
81.13 %
-80.16 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 75
S&P 500 # 356
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Mar 31 2022 period, Bank Of America's cumulative twelve months Net Income were $ 30,995 millions, company would post below average annual Net Income growth of -80.16% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Bank Of America's Net Income growth from the 7013% growth in Dec 31 2021.

In the Financial sector 46 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 176, from total ranking in previous quarter at 273.

Net Income TTM Q/Q Growth Statistics
High Average Low
92.41 %
1.36 %
-73.97 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 3
Financial Sector # 47
Overall # 176

Net Income TTM Y/Y Growth Statistics
High Average Low
3147.06 %
81.13 %
-80.16 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 75
S&P 500 # 356




Other Net Income Growth
Money Center Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
BAC's Net Income Growth Ratio versus Money Center Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for BAC's Competitors
Net Income Growth for Bank Of America's Suppliers
Net Income Growth for BAC's Customers

You may also want to know
BAC's Annual Growth Rates BAC's Profitability Ratios BAC's Asset Turnover Ratio BAC's Dividend Growth
BAC's Roe BAC's Valuation Ratios BAC's Financial Strength Ratios BAC's Dividend Payout Ratio
BAC's Roa BAC's Inventory Turnover Ratio BAC's Growth Rates BAC's Dividend Comparisons



Companies with similar Net Income growth for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2022
The Community Financial Corporation-0.17%$ -0.175 millions
Penns Woods Bancorp inc-0.44%$ -0.435 millions
Mainstreet Bancshares Inc -0.50%$ -0.495 millions
Carter Bankshares Inc -0.55%$ -0.555 millions
Enterprise Bancorp inc -0.63%$ -0.628 millions
Kinsale Capital Group Inc -0.90%$ -0.898 millions
Cambridge Bancorp-1.36%$ -1.356 millions
Arbor Realty Trust inc -1.46%$ -1.456 millions
First Financial Bankshares Inc -1.66%$ -1.662 millions
First Merchants Corp-1.78%$ -1.785 millions
Nbt Bancorp Inc-1.81%$ -1.807 millions
Guaranty Bancshares Inc -2.04%$ -2.043 millions
Evans Bancorp Inc -2.14%$ -2.143 millions
Hamilton Lane Incorporated-2.27%$ -2.270 millions
1st Source Corp-2.51%$ -2.508 millions
Pacific Premier Bancorp Inc-2.57%$ -2.569 millions
Moelis and Co-2.91%$ -2.908 millions
Columbia Financial Inc -3.05%$ -3.046 millions
Simmons First National Corp-3.19%$ -3.192 millions
Capstar Financial Holdings Inc -3.24%$ -3.237 millions
Universal Health Realty Income Trust-3.24%$ -3.240 millions
Pcsb Financial Corporation-3.29%$ -3.285 millions
Truist Financial Corporation-3.87%$ -3.870 millions
Arrow Financial Corporation-3.88%$ -3.882 millions
Bar Harbor Bankshares-3.88%$ -3.882 millions
Cousins Properties Inc-3.92%$ -3.917 millions
Five Star Bancorp-4.05%$ -4.047 millions
Federal Home Loan Bank Of Indianapolis-4.28%$ -4.280 millions
Flushing Financial Corporation-4.31%$ -4.307 millions
First Northern Community Bancorp-4.31%$ -4.311 millions


       
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