See more : Herfy Food Services Company (6002.SR) Income Statement Analysis – Financial Results
Complete financial analysis of Bank of America Corporation (BAC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bank of America Corporation, a leading company in the Banks – Diversified industry within the Financial Services sector.
- Playmates Toys Limited (0869.HK) Income Statement Analysis – Financial Results
- Mercury Ecommerce Acquisition Corp. (MEACW) Income Statement Analysis – Financial Results
- Amada Co., Ltd. (6113.T) Income Statement Analysis – Financial Results
- The Go-Ahead Group plc (GOG.L) Income Statement Analysis – Financial Results
- Vulcan Steel Limited (VSL.AX) Income Statement Analysis – Financial Results
Bank of America Corporation (BAC)
About Bank of America Corporation
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 95.79B | 92.41B | 93.71B | 74.21B | 85.58B | 87.74B | 83.73B | 80.10B | 79.80B | 83.62B | 83.95B | 73.57B | 86.09B | 104.96B | 109.63B | 72.24B | 62.26B | 69.39B | 57.18B | 51.02B | 38.83B | 35.12B | 35.11B | 32.96B | 32.55B | 31.50B | 13.05B | 10.04B | 8.54B | 7.81B | 6.82B | 6.26B |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23.39B | 22.35B | 12.78B | 9.67B | 8.74B | 7.91B | 8.03B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 95.79B | 92.41B | 93.71B | 74.21B | 85.58B | 87.74B | 83.73B | 80.10B | 79.80B | 83.62B | 83.95B | 73.57B | 86.09B | 81.57B | 87.28B | 59.47B | 52.59B | 60.66B | 49.27B | 42.99B | 38.83B | 35.12B | 35.11B | 32.96B | 32.55B | 31.50B | 13.05B | 10.04B | 8.54B | 7.81B | 6.82B | 6.26B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 77.72% | 79.61% | 82.31% | 84.47% | 87.41% | 86.17% | 84.26% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.87B | 8.42B | 7.54B | 6.92B | 6.24B | 6.25B | 6.42B | 5.72B | 6.20B | 6.88B | 7.65B | 8.20B | 62.27B | 55.33B | 50.44B | 29.52B | 26.97B | 25.47B | 15.05B | 13.47B | 10.45B | 9.68B | 9.83B | 9.40B | 9.31B | 9.41B | 3.64B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.93B | 1.83B | 1.94B | 1.70B | 1.93B | 1.67B | 1.75B | 1.70B | 1.81B | 1.83B | 1.83B | 1.87B | 2.20B | 1.96B | 1.93B | 2.37B | 2.36B | 2.34B | 1.26B | 1.35B | 985.00M | 753.00M | 682.00M | 621.00M | 537.00M | 581.00M | 300.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 56.29B | 53.76B | 52.76B | 48.48B | 46.74B | 46.19B | 46.36B | 45.29B | 46.90B | 48.88B | 50.82B | 52.56B | 64.47B | 57.29B | 52.37B | 31.89B | 29.32B | 27.80B | 16.31B | 14.82B | 11.43B | 10.44B | 10.51B | 10.02B | 9.85B | 9.99B | 3.94B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 299.00M | 967.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -34.40B | -32.57B | -35.51B | -31.19B | -30.18B | -33.45B | -12.20B | -6.41B | -5.55B | -5.25B | -4.63B | -4.86B |
| Operating Expenses | 56.29B | 53.76B | 52.76B | 48.48B | 46.74B | 46.19B | 46.36B | 45.29B | 46.90B | 48.88B | 50.82B | 70.49B | 64.77B | 58.26B | 4.21B | 3.96B | 3.53B | 3.41B | 2.19B | 2.19B | -22.97B | -22.13B | -25.00B | -21.17B | -20.33B | -23.46B | -8.26B | -6.41B | -5.55B | -5.25B | -4.63B | -4.86B |
| Cost & Expenses | 56.29B | 53.76B | 52.76B | 48.48B | 46.74B | 46.19B | 46.36B | 45.29B | 46.90B | 48.88B | 50.82B | 70.49B | 64.77B | 58.26B | 26.57B | 16.74B | 13.20B | 12.15B | 10.09B | 10.22B | -22.97B | -22.13B | -25.00B | -21.17B | -20.33B | -23.46B | -8.26B | -6.41B | -5.55B | -5.25B | -4.63B | -4.86B |
| Interest Income | 130.26B | 72.57B | 47.67B | 51.59B | 71.24B | 66.77B | 57.58B | 51.06B | 49.80B | 50.89B | 55.02B | 57.40B | 66.24B | 75.50B | 77.92B | 85.68B | 87.30B | 78.59B | 58.63B | 43.23B | 31.64B | 32.16B | 38.29B | 43.26B | 37.32B | 38.59B | 16.58B | 13.80B | 13.22B | 10.53B | 8.21B | 7.78B |
| Interest Expense | 73.33B | 20.10B | 4.74B | 8.23B | 22.35B | 18.61B | 12.91B | 9.96B | 10.55B | 10.93B | 12.76B | 16.74B | 21.62B | 23.97B | 30.81B | 40.32B | 52.87B | 43.99B | 27.89B | 14.43B | 10.18B | 11.24B | 18.00B | 24.82B | 19.09B | 20.29B | 8.68B | 7.47B | 7.77B | 5.32B | 3.57B | 3.68B |
| Depreciation & Amortization | 2.06B | 1.98B | 1.90B | 1.84B | 1.73B | 2.06B | 2.10B | 2.24B | 834.00M | 936.00M | 1.09B | 1.26B | 1.51B | 1.73B | 1.98B | 1.83B | 2.84B | 2.87B | 1.77B | 1.64B | 1.11B | 1.10B | 1.73B | 1.78B | 1.92B | 2.00B | 865.00M | 442.00M | 399.00M | 406.00M | 352.00M | 339.00M |
| EBITDA | 30.40B | 38.64B | 40.95B | 25.73B | 38.84B | 41.55B | 37.37B | 26.05B | 32.91B | 34.74B | 33.13B | 0.00 | 3.26B | 0.00 | 51.35B | 0.00 | 74.11B | 60.87B | 46.00B | 38.68B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 30.84% | 34.70% | 40.26% | 28.08% | 40.29% | 41.77% | 37.40% | 32.15% | 28.85% | 11.76% | 20.14% | 5.44% | 1.49% | 0.39% | 5.78% | 8.67% | 38.18% | 50.21% | 45.91% | 44.80% | 43.70% | 40.13% | 33.75% | 41.18% | 43.42% | 31.89% | 43.37% | 40.59% | 39.71% | 37.93% | 37.28% | 27.72% |
| Operating Income | 39.50B | 38.64B | 40.95B | 25.73B | 38.84B | 41.55B | 37.37B | 34.82B | 32.91B | 34.74B | 33.13B | 2.74B | -230.00M | -1.32B | 4.36B | 4.43B | 20.92B | 31.97B | 24.48B | 21.22B | 15.86B | 12.99B | 10.12B | 11.79B | 12.22B | 8.05B | 4.80B | 3.63B | 2.99B | 2.56B | 2.19B | 1.40B |
| Operating Income Ratio | 40.07% | 41.82% | 43.70% | 34.67% | 45.38% | 47.36% | 44.63% | 43.46% | 41.24% | 41.55% | 39.46% | 3.72% | -0.27% | -1.26% | 3.98% | 6.13% | 33.61% | 46.08% | 42.82% | 41.60% | 40.85% | 36.99% | 28.81% | 35.77% | 37.53% | 25.55% | 36.74% | 36.19% | 35.04% | 32.73% | 32.12% | 22.30% |
| Total Other Income/Expenses | -11.16B | -7.67B | -6.97B | -6.73B | -6.09B | -6.97B | -8.16B | -9.80B | -10.72B | -26.78B | -18.39B | 336.00M | -3.49B | -1.32B | -4.31B | -64.52B | 3.65B | 3.27B | 1.57B | 95.00M | 15.86B | 12.99B | 10.12B | 11.79B | 12.22B | 8.05B | 10.56B | 9.31B | 2.99B | 2.56B | -200.00M | 1.40B |
| Income Before Tax | 28.34B | 30.97B | 33.98B | 19.00B | 32.75B | 34.58B | 29.21B | 25.02B | 22.19B | 7.96B | 14.73B | 3.07B | -230.00M | -1.32B | 4.36B | 4.43B | 20.92B | 31.97B | 24.48B | 21.22B | 15.86B | 12.99B | 10.12B | 11.79B | 12.22B | 8.05B | 4.80B | 3.63B | 2.99B | 2.56B | 1.99B | 1.40B |
| Income Before Tax Ratio | 28.75% | 33.51% | 36.26% | 25.60% | 38.27% | 39.42% | 34.89% | 31.24% | 27.80% | 9.52% | 17.55% | 4.18% | -0.27% | -1.26% | 3.98% | 6.13% | 33.61% | 46.08% | 42.82% | 41.60% | 40.85% | 36.99% | 28.81% | 35.77% | 37.53% | 25.55% | 36.74% | 36.19% | 35.04% | 32.73% | 29.18% | 22.30% |
| Income Tax Expense | 1.83B | 3.44B | 2.00B | 1.10B | 5.32B | 6.44B | 10.98B | 7.20B | 6.28B | 2.44B | 4.19B | 1.12B | -1.68B | 915.00M | -1.92B | 420.00M | 5.94B | 10.84B | 8.02B | 7.08B | 5.05B | 3.74B | 3.33B | 4.27B | 4.33B | 2.88B | 1.72B | 1.26B | 1.04B | 865.00M | 690.00M | 251.00M |
| Net Income | 26.52B | 27.53B | 31.98B | 17.89B | 27.43B | 28.15B | 18.23B | 17.82B | 15.91B | 5.52B | 10.54B | 2.76B | 1.45B | -2.24B | 6.28B | 4.01B | 14.98B | 21.13B | 16.47B | 14.14B | 10.81B | 9.25B | 6.79B | 7.52B | 7.88B | 5.17B | 3.08B | 2.38B | 1.95B | 1.69B | 1.50B | 1.15B |
| Net Income Ratio | 26.90% | 29.79% | 34.13% | 24.11% | 32.05% | 32.08% | 21.77% | 22.25% | 19.94% | 6.60% | 12.55% | 3.75% | 1.68% | -2.13% | 5.72% | 5.55% | 24.07% | 30.45% | 28.80% | 27.72% | 27.84% | 26.33% | 19.34% | 22.81% | 24.22% | 16.39% | 23.57% | 23.65% | 22.84% | 21.65% | 22.00% | 18.29% |
| EPS | 3.10 | 3.21 | 3.60 | 1.88 | 2.77 | 2.64 | 1.63 | 1.57 | 1.38 | 0.43 | 0.86 | 0.26 | 0.01 | -0.23 | -0.29 | 0.54 | 3.32 | 4.66 | 4.10 | 3.71 | 3.64 | 3.04 | 2.13 | 2.28 | 2.28 | 4.47 | 5.58 | 2.00 | 1.78 | 1.53 | 1.45 | 1.15 |
| EPS Diluted | 3.08 | 3.19 | 3.57 | 1.87 | 2.75 | 2.61 | 1.56 | 1.49 | 1.31 | 0.42 | 0.83 | 0.25 | 0.01 | -0.23 | -0.29 | 0.54 | 3.29 | 4.59 | 4.04 | 3.64 | 3.57 | 2.96 | 2.09 | 2.26 | 2.24 | 4.35 | 5.43 | 1.96 | 1.76 | 1.52 | 1.43 | 1.13 |
| Weighted Avg Shares Out | 8.03B | 8.11B | 8.49B | 8.75B | 9.39B | 10.10B | 10.20B | 10.28B | 10.46B | 10.53B | 10.73B | 10.75B | 10.14B | 9.79B | 7.73B | 4.59B | 4.42B | 4.53B | 4.01B | 3.76B | 2.97B | 3.04B | 3.19B | 3.29B | 3.45B | 1.14B | 1.14B | 1.18B | 1.09B | 1.10B | 1.03B | 974.78M |
| Weighted Avg Shares Out (Dil) | 8.08B | 8.17B | 8.56B | 8.80B | 9.44B | 10.24B | 10.78B | 11.05B | 11.24B | 10.58B | 11.49B | 10.84B | 10.25B | 9.79B | 7.73B | 4.60B | 4.46B | 4.60B | 4.07B | 3.82B | 3.03B | 3.13B | 3.25B | 3.32B | 3.52B | 1.17B | 1.14B | 1.20B | 1.10B | 1.11B | 1.04B | 992.04M |
Bank of America CEO Brian Moynihan on Trump, the Fed, & regulation
BofA CEO urges Trump administration to tackle US budget
Important Notice to Former Morgan Stanley, Merrill, And All Other Advisors: Federal Court Upholds ERISA Protections in Deferred Compensation Disputes
BofA Art Market Update Anticipates Buying Opportunities for Collectors This Fall
Vibrantz Technologies CEO D. Michael Wilson to present at Bank of America Securities Leveraged Finance Conference
Notice To Customers Of Broker Rajesh Markan Who Suffered Significant Losses
Vornado price target raised to $48 from $42 at BofA
These 3 Stocks Account for Close to 90% of Warren Buffett's $36 Billion Selling Spree in the September-Ended Quarter
Bank of America: Bull Rally Strength Continues (Technical Analysis)(Rating Upgrade)
Bank of America Corporation (BAC) BancAnalysts Association of Boston Conference (Transcript)
Source: https://incomestatements.info
Category: Stock Reports