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Bank of America (BAC) Financials

Bank of America logo
$44.62 -0.15 (-0.34%)
As of 03:58 PM Eastern
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Annual Income Statements for Bank of America

Annual Income Statements for Bank of America

This table shows Bank of America's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 25,503 24,866 26,015 30,557 16,473 25,998 26,696 16,618 16,140 14,427
Consolidated Net Income / (Loss)		 27,132 26,515 27,528 31,978 17,894 27,430 28,147 18,232 17,822 15,910
Net Income / (Loss) Continuing Operations		 27,132 26,515 27,528 31,978 17,894 27,430 28,147 18,232 17,822 15,910
Total Pre-Tax Income 		29,254 28,342 30,969 33,976 18,995 32,754 34,584 29,213 25,021 22,187
Total Revenue		 101,887 98,581 94,950 89,113 85,528 91,244 91,020 87,126 83,701 82,965
Net Interest Income / (Expense)		 56,060 56,931 52,462 42,934 43,360 48,891 48,162 45,239 41,096 38,958
Total Interest Income		 146,607 130,262 72,565 47,672 51,585 71,236 66,769 57,579 51,057 49,507
Investment Securities Interest Income		 146,607 130,262 72,565 47,672 51,585 71,236 66,769 57,579 9,167 9,178
Total Interest Expense		 90,547 73,331 20,103 4,738 8,225 22,345 18,607 12,340 9,961 10,549
Total Non-Interest Income		 45,827 41,650 42,488 46,179 42,168 42,353 42,858 41,887 42,605 44,007
Other Service Charges		 32,860 28,918 30,413 37,488 33,813 33,319 33,850 34,785 9,475 17,487
Net Realized & Unrealized Capital Gains on Investments		 12,967 12,732 12,075 8,691 8,355 9,034 9,008 7,102 6,902 7,611
Provision for Credit Losses		 5,821 4,394 2,543 -4,594 11,320 3,590 3,282 3,396 3,597 3,161
Total Non-Interest Expense		 66,812 65,845 61,438 59,731 55,213 54,900 53,154 54,517 55,083 57,617
Salaries and Employee Benefits		 40,182 38,330 36,447 36,140 32,725 31,977 31,880 31,931 32,018 32,751
Net Occupancy & Equipment Expense		 14,520 13,871 13,350 12,907 12,363 11,234 10,935 10,794 8,849 9,247
Marketing Expense		 1,956 1,927 1,825 1,939 1,701 1,934 1,674 1,746 1,703 1,811
Other Operating Expenses		 10,154 11,717 9,816 8,745 8,424 9,755 8,665 10,046 12,513 13,808
Income Tax Expense		 2,122 1,827 3,441 1,998 1,101 5,324 6,437 10,981 7,199 6,277
Preferred Stock Dividends Declared		 1,629 1,649 1,513 1,421 1,421 1,432 1,451 1,614 1,682 1,483
Basic Earnings per Share		 $3.25 $3.10 $3.21 $3.60 $1.88 $2.77 $2.64 $1.63 $1.57 $1.38
Weighted Average Basic Shares Outstanding		 7.86B 8.03B 8.11B 8.49B 8.75B 9.39B 10.10B 10.20B 10.28B 10.46B
Diluted Earnings per Share		 $3.21 $3.08 $3.19 $3.57 $1.87 $2.75 $2.61 $1.56 $1.49 $1.31
Weighted Average Diluted Shares Outstanding		 7.94B 8.08B 8.17B 8.56B 8.80B 9.44B 10.24B 10.78B 11.05B 11.24B
Weighted Average Basic & Diluted Shares Outstanding		 7.60B 7.87B 8.00B 8.07B 8.63B 8.73B 10.11B 10.20B 10.03B 10.33B
Cash Dividends to Common per Share		 $1.00 $0.92 $0.86 $0.78 $0.72 $0.66 $0.54 $0.39 $0.25 $0.20

Quarterly Income Statements for Bank of America

This table shows Bank of America's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 6,990 6,399 6,380 6,582 6,142 2,838 7,270 7,102 7,656 6,904 6,579
Consolidated Net Income / (Loss)		 7,396 6,665 6,896 6,897 6,674 3,144 7,802 7,408 8,161 7,132 7,082
Net Income / (Loss) Continuing Operations		 7,396 6,665 6,896 6,897 6,674 3,144 7,802 7,408 8,161 7,132 7,082
Total Pre-Tax Income 		8,116 7,108 7,324 7,560 7,262 3,124 8,095 8,034 9,089 7,897 8,301
Total Revenue		 27,366 25,347 25,345 25,377 25,818 21,959 25,167 25,197 26,258 24,532 24,502
Net Interest Income / (Expense)		 14,443 14,359 13,967 13,702 14,032 13,946 14,379 14,158 14,448 14,681 13,765
Total Interest Income		 34,066 35,977 37,491 36,854 36,285 35,629 33,624 32,354 28,655 25,075 19,621
Investment Securities Interest Income		 34,066 35,977 37,491 36,854 36,285 35,629 33,624 32,354 28,655 - 19,621
Total Interest Expense		 19,623 21,618 23,524 23,152 22,253 21,683 19,245 18,196 14,207 10,394 5,856
Total Non-Interest Income		 12,923 10,988 11,378 11,675 11,786 8,013 10,788 11,039 11,810 9,851 10,737
Other Service Charges		 9,339 8,485 8,100 8,377 7,898 7,015 7,463 7,342 7,098 6,799 7,669
Net Realized & Unrealized Capital Gains on Investments		 3,584 2,503 3,278 3,298 3,888 998 3,325 3,697 4,712 3,052 3,068
Provision for Credit Losses		 1,480 1,452 1,542 1,508 1,319 1,104 1,234 1,125 931 - 898
Total Non-Interest Expense		 17,770 16,787 16,479 16,309 17,237 17,731 15,838 16,038 16,238 15,543 15,303
Salaries and Employee Benefits		 10,889 10,245 9,916 9,826 10,195 9,460 9,551 9,401 9,918 9,161 8,887
Net Occupancy & Equipment Expense		 3,750 3,708 3,620 3,581 3,611 3,484 3,471 3,420 3,496 3,444 3,323
Marketing Expense		 506 510 504 487 455 455 501 513 458 460 505
Other Operating Expenses		 2,625 2,324 2,439 2,415 2,976 4,332 2,315 2,704 2,366 2,478 2,588
Income Tax Expense		 720 443 428 663 588 -20 293 626 928 765 1,219
Preferred Stock Dividends Declared		 406 266 516 315 532 306 532 306 505 228 503
Basic Earnings per Share		 $0.91 $0.83 $0.82 $0.83 $0.77 $0.36 $0.91 $0.88 $0.95 $0.86 $0.81
Weighted Average Basic Shares Outstanding		 7.68B 7.86B 7.82B 7.90B 7.97B 8.03B 8.02B 8.04B 8.07B 8.11B 8.11B
Diluted Earnings per Share		 $0.90 $0.81 $0.81 $0.83 $0.76 $0.36 $0.90 $0.88 $0.94 $0.85 $0.81
Weighted Average Diluted Shares Outstanding		 7.77B 7.94B 7.90B 7.96B 8.03B 8.08B 8.08B 8.08B 8.18B 8.17B 8.16B
Weighted Average Basic & Diluted Shares Outstanding		 7.53B 7.60B 7.67B 7.76B 7.82B 7.87B 7.91B 7.95B 7.97B 8.00B 8.02B
Cash Dividends to Common per Share		 $0.26 - $0.26 - - - - - - - -

Annual Cash Flow Statements for Bank of America

This table details how cash moves in and out of Bank of America's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -42,959 102,870 -118,018 -32,242 218,903 -15,844 19,970 9,696 -11,615 20,764
Net Cash From Operating Activities		 -8,805 44,982 -6,327 -7,193 37,993 61,777 39,520 9,864 17,277 28,397
Net Cash From Continuing Operating Activities		 -8,805 44,982 -6,327 -7,193 37,993 61,777 39,520 9,864 17,277 28,397
Net Income / (Loss) Continuing Operations		 27,132 26,515 27,528 31,978 17,894 27,430 28,147 18,232 17,822 15,910
Consolidated Net Income / (Loss)		 27,132 26,515 27,528 31,978 17,894 27,430 28,147 18,232 17,822 15,910
Provision For Loan Losses		 5,821 4,394 2,543 -4,594 11,320 3,590 3,282 3,396 3,597 3,161
Depreciation Expense		 2,189 2,057 1,978 1,898 1,843 1,729 2,063 2,103 1,511 1,555
Amortization Expense		 -330 -397 2,072 5,837 4,101 2,066 1,824 2,251 3,864 3,447
Non-Cash Adjustments to Reconcile Net Income		 -2,593 46,368 -85,498 -7,043 -725 15,501 5,517 6,611 6,151 11
Changes in Operating Assets and Liabilities, net		 -41,024 -33,955 45,050 -35,269 3,560 11,461 -1,313 -22,729 -15,668 4,313
Net Cash From Investing Activities		 -90,693 -35,387 -2,529 -313,291 -177,665 -80,630 -71,468 -51,541 -62,285 -55,571
Net Cash From Continuing Investing Activities		 -90,693 -35,387 -2,529 -313,291 -177,665 -80,630 -71,468 -51,541 -62,285 -55,571
Purchase of Investment Securities		 -451,128 -314,979 -255,478 -664,935 -420,509 -245,642 -146,868 -241,305 -274,554 -320,511
Sale and/or Maturity of Investments		 352,020 292,642 269,803 298,306 272,305 178,478 123,784 204,287 218,011 265,599
Net Increase in Fed Funds Sold		 8,415 -13,050 -16,854 53,338 -29,461 -13,466 -48,384 -14,523 -5,742 -659
Net Cash From Financing Activities		 60,369 93,345 -106,039 291,650 355,819 3,377 53,118 49,268 33,153 48,535
Net Cash From Continuing Financing Activities		 60,369 93,345 -106,039 291,650 355,819 3,377 53,118 49,268 33,153 48,535
Net Change in Deposits		 41,640 -6,514 -134,190 268,966 360,677 53,327 71,931 48,611 63,675 78,347
Issuance of Debt		 56,683 70,558 69,089 81,107 52,120 56,424 64,278 53,486 31,523 40,596
Issuance of Preferred Equity		 0.00 0.00 4,426 2,169 2,181 3,643 4,515 0.00 2,947 2,964
Repayment of Debt		 -57,837 -44,571 -34,055 -46,826 -47,948 -50,794 -65,524 -49,480 -51,623 -40,365
Repurchase of Preferred Equity		 -5,254 0.00 -654 -1,971 -1,072 -2,568 -4,512 0.00 0.00 -
Repurchase of Common Equity		 -13,104 -4,576 -5,073 -25,126 -7,025 -28,144 -20,094 -12,814 -5,112 -2,374
Payment of Dividends		 -9,503 -9,087 -8,576 -8,055 -7,727 -5,934 -6,895 -5,700 -4,194 -3,574
Other Financing Activities, Net		 47,744 87,535 2,994 21,386 4,613 -22,577 9,419 15,165 -4,063 -27,059
Effect of Exchange Rate Changes		 -3,830 -70 -3,123 -3,408 2,756 -368 -1,200 2,105 240 -597
Cash Interest Paid		 89,687 69,604 18,526 4,506 8,662 22,196 19,087 12,852 10,510 10,623
Cash Income Taxes Paid		 3,822 3,405 2,288 2,760 2,894 4,359 2,470 3,235 1,043 2,477

Quarterly Cash Flow Statements for Bank of America

This table details how cash moves in and out of Bank of America's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -16,535 -5,475 -25,043 7,228 -19,669 -18,653 -21,827 -2,665 146,015 25,227 6,974
Net Cash From Operating Activities		 -2,184 25,914 -37,276 18,096 -15,539 32,724 11,772 11,786 -11,300 30,998 13,154
Net Cash From Continuing Operating Activities		 -2,184 25,914 -37,276 18,096 -15,539 32,724 11,772 11,786 -11,300 30,998 13,154
Net Income / (Loss) Continuing Operations		 7,396 6,665 6,896 6,897 6,674 3,144 7,802 7,408 8,161 7,132 7,082
Consolidated Net Income / (Loss)		 7,396 6,665 6,896 6,897 6,674 3,144 7,802 7,408 8,161 7,132 7,082
Provision For Loan Losses		 1,480 1,452 1,542 1,508 1,319 1,104 1,234 1,125 931 1,092 898
Depreciation Expense		 565 559 549 543 538 527 517 510 503 502 491
Amortization Expense		 -85 24 40 -42 -352 -552 91 30 34 210 373
Non-Cash Adjustments to Reconcile Net Income		 -10,141 57,405 -59,518 1,776 -2,256 46,019 -1,073 494 928 -96,840 22
Changes in Operating Assets and Liabilities, net		 -1,399 -40,191 13,215 7,414 -21,462 -17,518 3,201 2,219 -21,857 118,902 4,288
Net Cash From Investing Activities		 -89,010 9,410 -27,258 -1,523 -71,322 -64,183 -59,934 57,884 30,846 14,380 34,761
Net Cash From Continuing Investing Activities		 -89,010 9,410 -27,258 -1,523 -71,322 -64,183 -59,934 57,884 30,846 14,380 34,761
Purchase of Investment Securities		 -91,564 -102,054 -98,950 -93,682 -156,442 -209,382 -53,217 -27,454 -24,926 -40,468 -33,460
Sale and/or Maturity of Investments		 56,210 48,467 71,646 113,818 118,089 116,574 26,251 63,541 86,276 47,175 71,038
Net Increase in Fed Funds Sold		 -53,656 62,997 46 -21,659 -32,969 28,625 -32,968 21,797 -30,504 7,673 -2,817
Net Cash From Financing Activities		 72,832 -36,768 36,779 -8,300 68,658 11,291 27,628 -71,695 126,121 -24,385 -37,889
Net Cash From Continuing Financing Activities		 72,832 -36,768 36,779 -8,300 68,658 11,291 27,628 -71,695 126,121 -24,385 -37,889
Net Change in Deposits		 24,097 35,115 19,861 -36,005 22,669 39,226 7,392 -33,193 -19,939 -7,756 -46,252
Issuance of Debt		 33,640 6,467 11,512 16,245 22,459 4,339 21,425 30,475 14,319 13,887 14,521
Repayment of Debt		 -18,254 -5,126 -16,569 -19,535 -16,607 -12,404 -9,899 -40,559 18,291 -6,956 -14,885
Repurchase of Preferred Equity		 -2,669 -1,400 -2,000 - - - - - - - -
Repurchase of Common Equity		 -4,521 -3,535 -3,534 -3,535 -2,500 -811 -1,000 -550 -2,215 -998 -450
Payment of Dividends		 -2,552 -2,275 -2,493 -2,216 -2,519 -2,233 -2,411 -2,091 -2,352 -2,105 -2,254
Other Financing Activities, Net		 43,091 -66,014 30,002 38,600 45,156 -16,826 12,121 -25,777 118,017 -19,803 11,431
Effect of Exchange Rate Changes		 1,827 -4,031 2,712 -1,045 -1,466 1,515 -1,293 -640 348 4,234 -3,052

Annual Balance Sheets for Bank of America

This table presents Bank of America's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 3,261,519 3,180,151 3,051,375 3,169,495 2,819,627 2,434,079 2,354,507 2,281,234 2,188,067 2,144,287
Cash and Due from Banks		 26,003 27,892 30,334 29,222 36,430 30,152 29,063 29,480 30,719 31,265
Federal Funds Sold		 274,709 280,624 267,574 250,720 304,058 274,597 261,131 212,747 198,224 192,482
Interest Bearing Deposits at Other Banks		 264,111 305,181 199,869 318,999 344,033 131,408 148,341 127,954 117,019 128,088
Time Deposits Placed and Other Short-Term Investments		 6,372 8,346 7,259 7,144 6,546 7,107 7,494 11,153 9,861 7,744
Trading Account Securities		 1,282,237 1,194,086 1,214,440 1,280,686 940,126 751,666 710,193 698,680 662,518 640,858
Loans and Leases, Net of Allowance		 1,082,595 1,040,390 1,033,065 966,737 909,059 974,010 937,294 926,356 895,446 884,749
Loans and Leases		 1,095,835 1,053,732 1,045,747 979,124 927,861 983,426 946,895 936,749 906,683 896,983
Allowance for Loan and Lease Losses		 13,240 13,342 12,682 12,387 18,802 9,416 9,601 10,393 11,237 12,234
Premises and Equipment, Net		 12,168 11,855 11,510 10,833 11,000 10,561 9,906 9,247 9,139 9,485
Goodwill		 69,021 69,021 69,022 69,022 68,951 68,951 68,951 68,951 68,969 69,761
Other Assets		 244,303 242,756 218,302 236,132 199,424 185,627 182,134 196,666 196,172 176,087
Total Liabilities & Shareholders' Equity		 3,261,519 3,180,151 3,051,375 3,169,495 2,819,627 2,434,079 2,354,507 2,281,234 2,188,067 2,144,287
Total Liabilities		 2,965,960 2,888,505 2,778,178 2,899,429 2,546,703 2,169,269 2,089,182 2,014,088 1,921,872 1,888,111
Non-Interest Bearing Deposits		 523,858 547,046 661,225 811,646 668,372 417,024 426,647 444,674 450,164 432,153
Interest Bearing Deposits		 1,441,609 1,376,781 1,269,116 1,252,800 1,127,108 1,017,779 954,829 864,871 810,770 765,106
Federal Funds Purchased and Securities Sold		 331,758 283,887 195,635 192,329 170,323 165,109 186,988 176,865 170,291 174,291
Short-Term Debt		 43,391 32,098 26,932 23,753 64,847 24,204 58,080 32,666 23,944 28,098
Long-Term Debt		 283,279 302,204 275,982 280,117 262,934 240,856 229,392 227,402 216,823 236,764
Other Long-Term Liabilities		 342,086 346,508 349,301 338,791 253,119 304,319 233,246 267,647 249,921 251,720
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 295,559 291,646 273,197 270,066 272,924 264,810 265,325 267,146 266,195 256,176
Total Preferred & Common Equity		 295,559 291,646 273,197 270,066 272,924 264,810 265,325 267,146 266,195 256,176
Preferred Stock		 23,159 28,397 - - 24,510 23,401 22,326 - - 22,273
Total Common Equity		 272,400 263,249 273,197 270,066 248,414 241,409 242,999 267,146 266,195 233,903
Common Stock		 45,336 56,365 58,953 62,398 85,982 91,723 118,896 138,089 147,038 151,042
Retained Earnings		 242,349 224,672 207,003 188,064 164,088 156,319 136,314 113,816 101,225 88,219
Accumulated Other Comprehensive Income / (Loss)		 -15,285 -17,788 -21,156 -5,104 -1,656 -6,633 -12,211 -7,082 -7,288 -5,358

Quarterly Balance Sheets for Bank of America

This table presents Bank of America's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 3,349,424 3,261,519 3,324,293 3,282,834 3,273,803 3,180,151 3,153,090 3,123,198 3,194,657 3,051,375 3,072,953
Cash and Due from Banks		 24,734 26,003 24,847 25,849 23,550 27,892 25,255 29,651 29,327 30,334 27,802
Federal Funds Sold		 328,365 274,709 337,706 337,752 316,093 280,624 309,249 276,281 298,078 267,574 275,247
Interest Bearing Deposits at Other Banks		 248,845 264,111 270,742 294,783 289,854 305,181 326,471 343,902 346,891 199,869 177,174
Time Deposits Placed and Other Short-Term Investments		 7,282 6,372 8,151 8,369 7,859 8,346 7,995 7,941 11,637 7,259 7,449
Trading Account Securities		 1,321,966 1,282,237 1,279,657 1,233,529 1,273,153 1,194,086 1,140,337 1,120,821 1,159,739 1,214,440 1,253,001
Loans and Leases, Net of Allowance		 1,097,369 1,082,595 1,062,549 1,062,457 1,035,943 1,040,390 1,035,862 1,038,274 1,033,892 1,033,065 1,020,164
Loans and Leases		 1,110,625 1,095,835 1,075,800 1,076,612 1,049,156 1,053,732 1,049,149 1,051,224 1,046,406 1,045,747 1,032,466
Allowance for Loan and Lease Losses		 13,256 13,240 13,251 14,155 13,213 13,342 13,287 12,950 12,514 12,682 12,302
Premises and Equipment, Net		 12,151 12,168 12,033 11,917 11,901 11,855 11,821 11,688 11,708 11,510 11,117
Goodwill		 69,021 69,021 69,021 69,021 69,021 69,021 69,021 69,021 69,022 69,022 69,022
Other Assets		 239,691 244,303 259,587 239,157 246,429 242,756 227,079 225,619 234,363 218,302 231,977
Total Liabilities & Shareholders' Equity		 3,349,424 3,261,519 3,324,293 3,257,996 3,273,803 3,180,151 3,153,090 3,123,198 3,194,657 3,051,375 3,072,953
Total Liabilities		 3,053,843 2,965,960 3,027,781 2,976,606 2,980,251 2,888,505 2,866,026 2,839,879 2,914,461 2,778,178 2,803,429
Non-Interest Bearing Deposits		 530,010 523,858 513,720 517,610 541,484 547,046 564,609 588,283 635,608 661,225 718,606
Interest Bearing Deposits		 1,459,554 1,441,609 1,416,632 1,392,881 1,405,012 1,376,781 1,319,992 1,288,926 1,274,794 1,269,116 1,219,491
Federal Funds Purchased and Securities Sold		 376,070 331,758 397,958 368,106 329,658 283,887 300,703 288,627 314,380 195,635 215,627
Short-Term Debt		 41,470 43,391 81,571 84,280 79,296 32,098 40,196 41,017 56,564 26,932 71,200
Long-Term Debt		 304,146 283,279 296,927 299,611 296,346 302,204 290,359 286,073 283,873 275,982 269,122
Other Long-Term Liabilities		 342,623 342,086 320,973 314,118 328,473 346,508 350,179 346,963 349,249 349,301 309,383
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 295,581 295,559 296,512 293,892 293,552 291,646 287,064 283,319 280,196 273,197 269,524
Total Preferred & Common Equity		 295,581 295,559 296,512 293,892 293,552 291,646 287,064 283,319 280,196 273,197 269,524
Preferred Stock		 20,499 23,159 24,554 26,548 28,397 28,397 - - - - 29,134
Total Common Equity		 275,082 272,400 271,958 267,344 265,155 263,249 287,064 283,319 280,196 273,197 240,390
Common Stock		 41,038 45,336 48,338 51,376 54,310 56,365 56,710 57,267 57,264 58,953 59,460
Retained Earnings		 247,315 242,349 237,954 233,597 228,902 224,672 223,749 218,397 213,062 207,003 201,957
Accumulated Other Comprehensive Income / (Loss)		 -13,271 -15,285 -14,334 -17,629 -18,057 -17,788 -21,792 -20,742 -18,527 -21,156 -21,027

Annual Metrics And Ratios for Bank of America

This table displays calculated financial ratios and metrics derived from Bank of America's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 3.35% 3.82% 6.55% 4.19% -6.26% 0.25% 4.47% 4.09% 0.89% -3.41%
EBITDA Growth		 3.70% -14.33% -16.04% 67.25% -31.77% -5.00% 14.61% 10.43% 11.80% 123.15%
EBIT Growth		 3.22% -8.48% -8.85% 78.87% -42.01% -5.29% 18.39% 16.75% 12.77% 178.63%
NOPAT Growth		 2.33% -3.68% -13.92% 78.71% -34.76% -2.55% 54.38% 2.30% 12.02% 188.22%
Net Income Growth		 2.33% -3.68% -13.92% 78.71% -34.76% -2.55% 54.38% 2.30% 12.02% 188.22%
EPS Growth		 4.22% -3.45% -10.64% 90.91% -32.00% 5.36% 67.31% 4.70% 13.74% 211.90%
Operating Cash Flow Growth		 -119.57% 810.95% 12.04% -118.93% -38.50% 56.32% 300.65% -42.91% -39.16% -7.79%
Free Cash Flow Firm Growth		 232.28% -191.99% -56.84% 210.97% -205.13% 1,864.00% 226.93% -106.33% 152.08% -21.38%
Invested Capital Growth		 -0.59% 8.65% 0.38% -4.46% 13.37% -4.15% 4.85% 3.99% -2.70% 0.63%
Revenue Q/Q Growth		 3.44% -2.54% 2.67% 2.25% -2.56% -0.36% 2.79% 0.25% 1.07% -1.51%
EBITDA Q/Q Growth		 17.31% -24.80% -5.32% 3.85% -4.53% -1.03% 6.52% -0.37% 4.27% 0.27%
EBIT Q/Q Growth		 15.77% -24.42% -2.77% 5.26% -9.74% -1.59% 7.92% 0.82% 6.48% -4.39%
NOPAT Q/Q Growth		 14.91% -13.07% 0.43% 5.07% -7.85% -1.02% 21.15% -10.97% 9.54% -4.08%
Net Income Q/Q Growth		 14.91% -13.07% 0.43% 5.07% -7.85% -1.02% 21.15% -10.97% 9.54% -4.08%
EPS Q/Q Growth		 16.30% -13.73% 0.63% 7.21% -7.88% 1.85% 23.11% -10.34% 10.37% -5.07%
Operating Cash Flow Q/Q Growth		 -341.35% 3.99% -186.36% -361.56% -10.61% 649.23% -14.72% 31.10% -46.68% 23.16%
Free Cash Flow Firm Q/Q Growth		 191.33% -202.60% 328.94% 35.88% -436.03% 283.17% -91.92% -123.00% 45.83% 15.59%
Invested Capital Q/Q Growth		 -7.82% 1.35% -5.53% 0.45% 2.83% -8.72% 5.24% -1.23% -2.90% -1.26%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 30.54% 30.43% 36.88% 46.81% 29.16% 40.06% 42.27% 38.53% 36.32% 32.77%
EBIT Margin		 28.71% 28.75% 32.62% 38.13% 22.21% 35.90% 38.00% 33.53% 29.89% 26.74%
Profit (Net Income) Margin		 26.63% 26.90% 28.99% 35.88% 20.92% 30.06% 30.92% 20.93% 21.29% 19.18%
Tax Burden Percent		 92.75% 93.55% 88.89% 94.12% 94.20% 83.75% 81.39% 62.41% 71.23% 71.71%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 7.25% 6.45% 11.11% 5.88% 5.80% 16.25% 18.61% 37.59% 28.77% 28.29%
Return on Invested Capital (ROIC)		 4.35% 4.41% 4.79% 5.44% 3.17% 5.07% 5.21% 3.53% 3.47% 3.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.35% 4.41% 4.79% 5.44% 3.17% 5.07% 5.21% 3.53% 3.47% 3.06%
Return on Net Nonoperating Assets (RNNOA)		 4.89% 4.98% 5.35% 6.33% 3.49% 5.28% 5.36% 3.31% 3.36% 3.31%
Return on Equity (ROE)		 9.24% 9.39% 10.13% 11.78% 6.66% 10.35% 10.57% 6.84% 6.82% 6.37%
Cash Return on Invested Capital (CROIC)		 4.94% -3.88% 4.41% 10.00% -9.37% 9.30% 0.47% -0.39% 6.21% 2.44%
Operating Return on Assets (OROA)		 0.91% 0.91% 1.00% 1.13% 0.72% 1.37% 1.49% 1.31% 1.16% 1.04%
Return on Assets (ROA)		 0.84% 0.85% 0.89% 1.07% 0.68% 1.15% 1.21% 0.82% 0.82% 0.75%
Return on Common Equity (ROCE)		 8.43% 8.92% 10.13% 11.25% 6.06% 9.46% 10.13% 6.84% 6.53% 5.84%
Return on Equity Simple (ROE_SIMPLE)		 9.18% 9.09% 10.08% 11.84% 6.56% 10.36% 10.61% 6.82% 6.70% 6.21%
Net Operating Profit after Tax (NOPAT)		 27,132 26,515 27,528 31,978 17,894 27,430 28,147 18,232 17,822 15,910
NOPAT Margin		 26.63% 26.90% 28.99% 35.88% 20.92% 30.06% 30.92% 20.93% 21.29% 19.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.61% 54.91% 54.37% 57.22% 54.71% 49.48% 48.88% 51.04% 50.86% 52.80%
Operating Expenses to Revenue		 65.57% 66.79% 64.71% 67.03% 64.56% 60.17% 58.40% 62.57% 65.81% 69.45%
Earnings before Interest and Taxes (EBIT)		 29,254 28,342 30,969 33,976 18,995 32,754 34,584 29,213 25,021 22,187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 31,113 30,002 35,019 41,711 24,939 36,549 38,471 33,567 30,396 27,189
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.23 0.98 0.91 1.24 0.95 1.15 0.85 0.97 0.70 0.61
Price to Tangible Book Value (P/TBV)		 1.65 1.33 1.22 1.66 1.32 1.61 1.19 1.31 0.94 0.89
Price to Revenue (P/Rev)		 3.29 2.62 2.63 3.75 2.76 3.05 2.28 2.98 2.21 1.72
Price to Earnings (P/E)		 13.14 10.38 9.60 10.94 14.34 10.69 7.77 15.61 11.48 9.92
Dividend Yield		 2.29% 2.82% 2.76% 1.91% 2.64% 2.14% 2.55% 1.57% 1.36% 1.46%
Earnings Yield		 7.61% 9.63% 10.42% 9.14% 6.97% 9.35% 12.87% 6.41% 8.71% 10.08%
Enterprise Value to Invested Capital (EV/IC)		 0.18 0.00 0.08 0.06 0.00 0.23 0.13 0.26 0.14 0.14
Enterprise Value to Revenue (EV/Rev)		 1.12 0.00 0.50 0.36 0.00 1.35 0.78 1.59 0.84 0.85
Enterprise Value to EBITDA (EV/EBITDA)		 3.66 0.00 1.36 0.77 0.00 3.37 1.85 4.12 2.31 2.60
Enterprise Value to EBIT (EV/EBIT)		 3.89 0.00 1.54 0.95 0.00 3.76 2.06 4.73 2.80 3.19
Enterprise Value to NOPAT (EV/NOPAT)		 4.19 0.00 1.73 1.01 0.00 4.49 2.53 7.58 3.94 4.44
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 1.99 1.80 14.01 4.06 2.49
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.69 0.00 1.88 0.55 0.00 2.45 27.79 0.00 2.20 5.58
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.11 1.15 1.11 1.13 1.20 1.00 1.08 0.97 0.90 1.03
Long-Term Debt to Equity		 0.96 1.04 1.01 1.04 0.96 0.91 0.86 0.85 0.81 0.92
Financial Leverage		 1.13 1.13 1.12 1.16 1.10 1.04 1.03 0.94 0.97 1.08
Leverage Ratio		 10.97 11.03 11.45 11.03 9.77 9.03 8.71 8.38 8.29 8.50
Compound Leverage Factor		 10.97 11.03 11.45 11.03 9.77 9.03 8.71 8.38 8.29 8.50
Debt to Total Capital		 52.50% 53.41% 52.58% 52.94% 54.57% 50.02% 52.00% 49.33% 47.49% 50.83%
Short-Term Debt to Total Capital		 6.97% 5.13% 4.67% 4.14% 10.80% 4.57% 10.51% 6.20% 4.72% 5.39%
Long-Term Debt to Total Capital		 45.53% 48.28% 47.90% 48.81% 43.77% 45.46% 41.50% 43.13% 42.77% 45.44%
Preferred Equity to Total Capital		 3.72% 4.54% 0.00% 0.00% 4.08% 4.42% 4.04% 0.00% 0.00% 4.27%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 43.78% 42.06% 47.42% 47.06% 41.35% 45.56% 43.96% 50.67% 52.51% 44.89%
Debt to EBITDA		 10.50 11.14 8.65 7.29 13.14 7.25 7.47 7.75 7.92 9.74
Net Debt to EBITDA		 -7.86 -9.59 -5.77 -7.25 -14.57 -4.88 -4.12 -3.61 -3.79 -3.48
Long-Term Debt to EBITDA		 9.10 10.07 7.88 6.72 10.54 6.59 5.96 6.77 7.13 8.71
Debt to NOPAT		 12.04 12.61 11.00 9.50 18.32 9.66 10.21 14.26 13.51 16.65
Net Debt to NOPAT		 -9.01 -10.85 -7.34 -9.45 -20.30 -6.50 -5.63 -6.65 -6.46 -5.95
Long-Term Debt to NOPAT		 10.44 11.40 10.03 8.76 14.69 8.78 8.15 12.47 12.17 14.88
Noncontrolling Interest Sharing Ratio		 8.78% 5.03% 0.00% 4.51% 8.91% 8.63% 4.19% 0.00% 4.26% 8.32%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 30,851 -23,322 25,353 58,747 -52,941 50,357 2,564 -2,020 31,898 12,654
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.34 -0.32 1.26 12.40 -6.44 2.25 0.14 -0.16 3.20 1.20
Operating Cash Flow to Interest Expense		 -0.10 0.61 -0.31 -1.52 4.62 2.76 2.12 0.80 1.73 2.69
Operating Cash Flow Less CapEx to Interest Expense		 -0.10 0.61 -0.31 -1.52 4.62 2.76 2.12 0.80 1.73 2.69
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 8.48 8.44 8.50 8.16 7.93 8.92 9.50 9.48 8.99 8.49
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 622,229 625,948 576,111 573,936 600,705 529,870 552,797 527,214 506,962 521,038
Invested Capital Turnover		 0.16 0.16 0.17 0.15 0.15 0.17 0.17 0.17 0.16 0.16
Increase / (Decrease) in Invested Capital		 -3,719 49,837 2,175 -26,769 70,835 -22,927 25,583 20,252 -14,076 3,256
Enterprise Value (EV)		 113,742 -1,131 47,587 32,192 -102,509 123,209 71,257 138,159 70,173 70,666
Market Capitalization		 335,108 258,213 249,709 334,407 236,267 278,012 207,488 259,425 185,229 143,110
Book Value per Share		 $35.50 $33.26 $34.05 $33.00 $28.72 $26.84 $24.76 $25.61 $26.34 $22.46
Tangible Book Value per Share		 $26.51 $24.54 $25.45 $24.57 $20.75 $19.17 $17.73 $19.00 $19.52 $15.40
Total Capital		 622,229 625,948 576,111 573,936 600,705 529,870 552,797 527,214 506,962 521,038
Total Debt		 326,670 334,302 302,914 303,870 327,781 265,060 287,472 260,068 240,767 264,862
Total Long-Term Debt		 283,279 302,204 275,982 280,117 262,934 240,856 229,392 227,402 216,823 236,764
Net Debt		 -244,525 -287,741 -202,122 -302,215 -363,286 -178,204 -158,557 -121,266 -115,056 -94,717
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 326,670 334,302 302,914 303,870 327,781 265,060 287,472 260,068 240,767 264,862
Total Depreciation and Amortization (D&A)		 1,859 1,660 4,050 7,735 5,944 3,795 3,887 4,354 5,375 5,002
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.25 $3.10 $3.21 $3.60 $1.88 $2.77 $2.64 $1.63 $1.58 $1.38
Adjusted Weighted Average Basic Shares Outstanding		 7.86B 8.03B 8.11B 8.49B 8.75B 9.39B 10.10B 10.20B 10.28B 10.46B
Adjusted Diluted Earnings per Share		 $3.21 $3.08 $3.19 $3.57 $1.87 $2.75 $2.61 $1.56 $1.50 $1.31
Adjusted Weighted Average Diluted Shares Outstanding		 7.94B 8.08B 8.17B 8.56B 8.80B 9.44B 10.24B 10.78B 11.04B 11.21B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.77 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.60B 7.87B 8.00B 8.07B 8.63B 8.73B 9.66B 10.24B 10.03B 10.33B
Normalized Net Operating Profit after Tax (NOPAT)		 27,132 26,515 27,528 31,978 17,894 27,430 28,147 18,232 17,822 15,910
Normalized NOPAT Margin		 26.63% 26.90% 28.99% 35.88% 20.92% 30.06% 30.92% 20.93% 21.29% 19.18%
Pre Tax Income Margin		 28.71% 28.75% 32.62% 38.13% 22.21% 35.90% 38.00% 33.53% 29.89% 26.74%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.32 0.39 1.54 7.17 2.31 1.47 1.86 2.37 2.51 2.10
NOPAT to Interest Expense		 0.30 0.36 1.37 6.75 2.18 1.23 1.51 1.48 1.79 1.51
EBIT Less CapEx to Interest Expense		 0.32 0.39 1.54 7.17 2.31 1.47 1.86 2.37 2.51 2.10
NOPAT Less CapEx to Interest Expense		 0.30 0.36 1.37 6.75 2.18 1.23 1.51 1.48 1.79 1.51
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 35.03% 34.27% 31.15% 25.19% 43.18% 21.63% 24.50% 31.26% 23.53% 22.46%
Augmented Payout Ratio		 83.32% 51.53% 49.58% 103.76% 82.44% 124.24% 95.89% 101.55% 52.22% 37.39%

Quarterly Metrics And Ratios for Bank of America

This table displays calculated financial ratios and metrics derived from Bank of America's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.00% 15.43% 0.71% 0.71% -1.68% -10.49% 2.71% 11.06% 13.04% 11.21% 7.63%
EBITDA Growth		 15.41% 148.18% -9.08% -5.98% -22.63% -68.05% -5.04% 7.62% 3.42% 0.88% -15.48%
EBIT Growth		 11.76% 127.53% -9.52% -5.90% -20.10% -65.25% -2.48% 16.57% 14.92% 14.98% -7.25%
NOPAT Growth		 10.82% 111.99% -11.61% -6.90% -18.22% -55.92% 10.17% 18.58% 15.48% 1.70% -7.92%
Net Income Growth		 10.82% 111.99% -11.61% -6.90% -18.22% -55.92% 10.17% 18.58% 15.48% 1.70% -7.92%
EPS Growth		 18.42% 125.00% -10.00% -5.68% -19.15% -57.65% 11.11% 20.55% 17.50% 2.41% -4.71%
Operating Cash Flow Growth		 85.95% -20.81% -416.65% 53.54% -37.51% 5.57% -10.51% 333.43% 75.13% -30.58% 34.29%
Free Cash Flow Firm Growth		 184.50% 122.24% -174,220.69% -996.16% -2,293.04% -1,041.96% 100.09% 125.78% 103.16% -85.33% -253.25%
Invested Capital Growth		 -4.18% -0.59% 9.29% 13.06% 7.82% 8.65% 1.27% -0.12% 1.02% 0.38% 6.74%
Revenue Q/Q Growth		 7.97% 0.01% -0.13% -1.71% 17.57% -12.75% -0.12% -4.04% 7.04% 0.12% 8.00%
EBITDA Q/Q Growth		 11.77% -2.81% -1.84% 8.23% 140.34% -64.39% 1.50% -10.93% -0.77% 5.85% 15.04%
EBIT Q/Q Growth		 14.18% -2.95% -3.12% 4.10% 132.46% -61.41% 0.76% -11.61% 1.11% 8.29% 20.44%
NOPAT Q/Q Growth		 10.97% -3.35% -0.01% 3.34% 112.28% -59.70% 5.32% -9.23% 14.43% 0.71% 13.37%
Net Income Q/Q Growth		 10.97% -3.35% -0.01% 3.34% 112.28% -59.70% 5.32% -9.23% 14.43% 0.71% 13.37%
EPS Q/Q Growth		 11.11% 0.00% -2.41% 9.21% 111.11% -60.00% 2.27% -6.38% 10.59% 4.94% 10.96%
Operating Cash Flow Q/Q Growth		 -108.43% 169.52% -305.99% 216.46% -147.49% 177.98% -0.12% 204.30% -136.45% 135.65% 360.53%
Free Cash Flow Firm Q/Q Growth		 240.84% 120.56% 30.65% -73.83% 10.29% -161,110.34% -99.64% 325.39% -61.47% 115.79% 0.38%
Invested Capital Q/Q Growth		 3.05% -7.82% -2.19% 3.13% 6.91% 1.35% 1.18% -1.65% 7.73% -5.53% -0.21%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 31.41% 30.34% 31.22% 31.77% 28.85% 14.11% 34.58% 34.03% 36.66% 39.54% 37.41%
EBIT Margin		 29.66% 28.04% 28.90% 29.79% 28.13% 14.23% 32.17% 31.88% 34.61% 36.64% 33.88%
Profit (Net Income) Margin		 27.03% 26.30% 27.21% 27.18% 25.85% 14.32% 31.00% 29.40% 31.08% 29.07% 28.90%
Tax Burden Percent		 91.13% 93.77% 94.16% 91.23% 91.90% 100.64% 96.38% 92.21% 89.79% 90.31% 85.32%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 87.85% 100.00%
Effective Tax Rate		 8.87% 6.23% 5.84% 8.77% 8.10% -0.64% 3.62% 7.79% 10.21% 9.69% 14.69%
Return on Invested Capital (ROIC)		 4.27% 4.29% 4.15% 4.11% 3.93% 2.35% 5.11% 4.84% 4.93% 4.80% 4.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.27% 4.29% 4.15% 4.11% 3.93% 2.35% 5.11% 4.84% 4.93% 4.80% 4.53%
Return on Net Nonoperating Assets (RNNOA)		 5.22% 4.83% 5.04% 5.15% 4.91% 2.65% 6.16% 5.86% 6.21% 5.36% 5.34%
Return on Equity (ROE)		 9.49% 9.13% 9.18% 9.26% 8.84% 5.00% 11.27% 10.70% 11.14% 10.16% 9.86%
Cash Return on Invested Capital (CROIC)		 8.52% 4.94% -5.23% -8.49% -3.65% -3.88% 3.70% 4.99% 3.62% 4.41% -1.88%
Operating Return on Assets (OROA)		 0.93% 0.89% 0.88% 0.91% 0.85% 0.45% 1.05% 1.03% 1.05% 1.12% 1.02%
Return on Assets (ROA)		 0.84% 0.83% 0.83% 0.83% 0.78% 0.45% 1.01% 0.95% 0.95% 0.89% 0.87%
Return on Common Equity (ROCE)		 8.70% 8.32% 8.80% 8.83% 8.41% 4.75% 10.68% 10.13% 10.59% 10.16% 9.33%
Return on Equity Simple (ROE_SIMPLE)		 9.42% 0.00% 7.96% 8.34% 8.53% 0.00% 10.63% 10.51% 10.22% 0.00% 10.17%
Net Operating Profit after Tax (NOPAT)		 7,396 6,665 6,896 6,897 6,674 3,144 7,802 7,408 8,161 7,132 7,082
NOPAT Margin		 27.03% 26.30% 27.21% 27.18% 25.85% 14.32% 31.00% 29.40% 31.08% 29.07% 28.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.34% 57.06% 55.40% 54.75% 55.24% 61.02% 53.73% 52.92% 52.83% 53.26% 51.89%
Operating Expenses to Revenue		 64.93% 66.23% 65.02% 64.27% 66.76% 80.75% 62.93% 63.65% 61.84% 63.36% 62.46%
Earnings before Interest and Taxes (EBIT)		 8,116 7,108 7,324 7,560 7,262 3,124 8,095 8,034 9,089 8,989 8,301
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8,596 7,691 7,913 8,061 7,448 3,099 8,703 8,574 9,626 9,701 9,165
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.15 1.23 1.12 1.14 1.10 0.98 0.73 0.77 0.77 0.91 0.94
Price to Tangible Book Value (P/TBV)		 1.54 1.65 1.50 1.54 1.49 1.33 0.96 1.02 1.03 1.22 1.32
Price to Revenue (P/Rev)		 3.07 3.29 3.09 3.11 2.98 2.62 2.07 2.17 2.21 2.63 2.45
Price to Earnings (P/E)		 12.04 13.14 13.87 13.37 12.54 10.38 7.23 7.72 8.00 9.60 8.76
Dividend Yield		 2.44% 2.29% 2.50% 2.46% 2.54% 2.82% 3.42% 3.22% 3.22% 2.76% 3.01%
Earnings Yield		 8.30% 7.61% 7.21% 7.48% 7.97% 9.63% 13.83% 12.96% 12.50% 10.42% 11.42%
Enterprise Value to Invested Capital (EV/IC)		 0.12 0.18 0.10 0.07 0.09 0.00 0.00 0.00 0.00 0.08 0.18
Enterprise Value to Revenue (EV/Rev)		 0.72 1.12 0.67 0.50 0.61 0.00 0.00 0.00 0.00 0.50 1.17
Enterprise Value to EBITDA (EV/EBITDA)		 2.30 3.66 2.48 1.80 2.14 0.00 0.00 0.00 0.00 1.36 2.93
Enterprise Value to EBIT (EV/EBIT)		 2.47 3.89 2.61 1.88 2.25 0.00 0.00 0.00 0.00 1.54 3.41
Enterprise Value to NOPAT (EV/NOPAT)		 2.67 4.19 2.79 2.00 2.38 0.00 0.00 0.00 0.00 1.73 3.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.31 0.00 0.00 1.04 1.46 0.00 0.00 0.00 0.00 0.00 14.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.33 3.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.88 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.17 1.11 1.28 1.31 1.28 1.15 1.15 1.15 1.22 1.11 1.26
Long-Term Debt to Equity		 1.03 0.96 1.00 1.02 1.01 1.04 1.01 1.01 1.01 1.01 1.00
Financial Leverage		 1.22 1.13 1.22 1.25 1.25 1.13 1.21 1.21 1.26 1.12 1.18
Leverage Ratio		 11.24 10.97 11.10 11.10 11.27 11.03 11.19 11.29 11.76 11.45 11.36
Compound Leverage Factor		 11.24 10.97 11.10 11.10 11.27 11.03 11.19 11.29 11.76 10.06 11.36
Debt to Total Capital		 53.90% 52.50% 56.07% 56.64% 56.13% 53.41% 53.52% 53.59% 54.85% 52.58% 55.80%
Short-Term Debt to Total Capital		 6.47% 6.97% 12.08% 12.43% 11.85% 5.13% 6.51% 6.72% 9.11% 4.67% 11.68%
Long-Term Debt to Total Capital		 47.43% 45.53% 43.99% 44.20% 44.28% 48.28% 47.01% 46.87% 45.74% 47.90% 44.13%
Preferred Equity to Total Capital		 3.20% 3.72% 3.64% 3.92% 4.24% 4.54% 0.00% 0.00% 0.00% 0.00% 4.78%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 42.90% 43.78% 40.29% 39.44% 39.62% 42.06% 46.48% 46.41% 45.15% 47.42% 39.42%
Debt to EBITDA		 10.71 10.50 14.27 14.06 13.50 11.14 8.29 8.17 8.77 8.65 9.20
Net Debt to EBITDA		 -8.17 -7.86 -9.91 -10.36 -9.41 -9.59 -8.48 -8.26 -8.90 -5.77 -3.98
Long-Term Debt to EBITDA		 9.43 9.10 11.20 10.97 10.65 10.07 7.28 7.15 7.31 7.88 7.28
Debt to NOPAT		 12.41 12.04 16.03 15.66 15.01 12.61 10.84 10.98 11.89 11.00 12.42
Net Debt to NOPAT		 -9.46 -9.01 -11.14 -11.54 -10.46 -10.85 -11.09 -11.10 -12.07 -7.34 -5.38
Long-Term Debt to NOPAT		 10.92 10.44 12.58 12.22 11.84 11.40 9.52 9.61 9.92 10.03 9.82
Noncontrolling Interest Sharing Ratio		 8.30% 8.78% 4.21% 4.60% 4.95% 5.03% 5.23% 5.27% 4.96% 0.00% 5.38%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 35,393 10,384 -50,495 -72,813 -41,887 -46,693 29 8,125 1,910 4,957 -31,401
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.80 0.48 -2.15 -3.15 -1.88 -2.15 0.00 0.45 0.13 0.48 -5.36
Operating Cash Flow to Interest Expense		 -0.11 1.20 -1.58 0.78 -0.70 1.51 0.61 0.65 -0.80 2.98 2.25
Operating Cash Flow Less CapEx to Interest Expense		 -0.11 1.20 -1.58 0.78 -0.70 1.51 0.61 0.65 -0.80 2.98 2.25
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 8.60 8.48 8.26 8.33 8.31 8.44 8.82 8.85 8.70 8.50 8.48
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 641,197 622,229 675,010 690,119 669,194 625,948 617,619 610,409 620,633 576,111 609,846
Invested Capital Turnover		 0.16 0.16 0.15 0.15 0.15 0.16 0.16 0.16 0.16 0.17 0.16
Increase / (Decrease) in Invested Capital		 -27,997 -3,719 57,391 79,710 48,561 49,837 7,773 -717 6,251 2,175 38,483
Enterprise Value (EV)		 74,232 113,742 65,882 49,051 59,538 -1,131 -129,243 -112,693 -128,970 47,587 108,516
Market Capitalization		 317,343 335,108 304,276 305,365 292,855 258,213 209,172 217,992 216,526 249,709 226,732
Book Value per Share		 $36.17 $35.50 $35.05 $34.19 $33.28 $33.26 $36.13 $35.55 $35.01 $34.05 $29.92
Tangible Book Value per Share		 $27.10 $26.51 $26.15 $25.36 $24.61 $24.54 $27.44 $26.89 $26.38 $25.45 $21.33
Total Capital		 641,197 622,229 675,010 677,783 669,194 625,948 617,619 610,409 620,633 576,111 609,846
Total Debt		 345,616 326,670 378,498 383,891 375,642 334,302 330,555 327,090 340,437 302,914 340,322
Total Long-Term Debt		 304,146 283,279 296,927 299,611 296,346 302,204 290,359 286,073 283,873 275,982 269,122
Net Debt		 -263,610 -244,525 -262,948 -282,862 -261,714 -287,741 -338,415 -330,685 -345,496 -202,122 -147,350
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 345,616 326,670 378,498 396,227 375,642 334,302 330,555 327,090 340,437 302,914 340,322
Total Depreciation and Amortization (D&A)		 480 583 589 501 186 -25 608 540 537 712 864
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.91 $0.83 $0.82 $0.83 $0.77 $0.36 $0.91 $0.88 $0.95 $0.86 $0.81
Adjusted Weighted Average Basic Shares Outstanding		 7.68B 7.86B 7.82B 7.90B 7.97B 8.03B 8.02B 8.04B 8.07B 8.11B 8.11B
Adjusted Diluted Earnings per Share		 $0.90 $0.81 $0.81 $0.83 $0.76 $0.36 $0.90 $0.88 $0.94 $0.85 $0.81
Adjusted Weighted Average Diluted Shares Outstanding		 7.77B 7.94B 7.90B 7.96B 8.03B 8.08B 8.08B 8.08B 8.18B 8.17B 8.16B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.53B 7.60B 7.67B 7.76B 7.82B 7.87B 7.91B 7.95B 7.97B 8.00B 8.02B
Normalized Net Operating Profit after Tax (NOPAT)		 7,396 6,665 6,896 6,897 6,674 2,187 7,802 7,408 8,161 7,132 7,082
Normalized NOPAT Margin		 27.03% 26.30% 27.21% 27.18% 25.85% 9.96% 31.00% 29.40% 31.08% 29.07% 28.90%
Pre Tax Income Margin		 29.66% 28.04% 28.90% 29.79% 28.13% 14.23% 32.17% 31.88% 34.61% 32.19% 33.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.41 0.33 0.31 0.33 0.33 0.14 0.42 0.44 0.64 0.86 1.42
NOPAT to Interest Expense		 0.38 0.31 0.29 0.30 0.30 0.15 0.41 0.41 0.57 0.69 1.21
EBIT Less CapEx to Interest Expense		 0.41 0.33 0.31 0.33 0.33 0.14 0.42 0.44 0.64 0.86 1.42
NOPAT Less CapEx to Interest Expense		 0.38 0.31 0.29 0.30 0.30 0.15 0.41 0.41 0.57 0.69 1.21
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 34.24% 35.03% 40.07% 38.26% 36.97% 34.27% 29.37% 29.55% 30.42% 31.15% 30.78%
Augmented Payout Ratio		 88.54% 83.32% 84.03% 70.26% 56.40% 51.53% 44.99% 43.70% 46.62% 49.58% 73.13%

Frequently Asked Questions About Bank of America's Financials

When does Bank of America's fiscal year end?

According to the most recent income statement we have on file, Bank of America's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Bank of America's net income changed over the last 9 years?

Bank of America's net income appears to be on an upward trend, with a most recent value of $27.13 billion in 2024, rising from $15.91 billion in 2015. The previous period was $26.52 billion in 2023. Find out what analysts predict for Bank of America in the coming months.

How has Bank of America revenue changed over the last 9 years?

Over the last 9 years, Bank of America's total revenue changed from $82.97 billion in 2015 to $101.89 billion in 2024, a change of 22.8%.

How much debt does Bank of America have?

Bank of America's total liabilities were at $2.97 trillion at the end of 2024, a 2.7% increase from 2023, and a 57.1% increase since 2015.

How much cash does Bank of America have?

In the past 9 years, Bank of America's cash and equivalents has ranged from $26.00 billion in 2024 to $36.43 billion in 2020, and is currently $26.00 billion as of their latest financial filing in 2024.

How has Bank of America's book value per share changed over the last 9 years?

Over the last 9 years, Bank of America's book value per share changed from 22.46 in 2015 to 35.50 in 2024, a change of 58.0%.


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This page (NYSE:BAC) was last updated on 5/20/2025 by MarketBeat.com Staff
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