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.
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
6,904 |
7,656 |
7,102 |
7,270 |
2,838 |
6,142 |
6,582 |
6,380 |
6,399 |
6,990 |
6,825 |
Consolidated Net Income / (Loss) |
|
7,132 |
8,161 |
7,408 |
7,802 |
3,144 |
6,674 |
6,897 |
6,896 |
6,665 |
7,396 |
7,116 |
Net Income / (Loss) Continuing Operations |
|
7,132 |
8,161 |
7,408 |
7,802 |
3,144 |
6,674 |
6,897 |
6,896 |
6,665 |
7,396 |
7,116 |
Total Pre-Tax Income |
|
7,897 |
9,089 |
8,034 |
8,095 |
3,124 |
7,262 |
7,560 |
7,324 |
7,108 |
8,116 |
7,688 |
Total Revenue |
|
24,532 |
26,258 |
25,197 |
25,167 |
21,959 |
25,818 |
25,377 |
25,345 |
25,347 |
27,366 |
26,463 |
Net Interest Income / (Expense) |
|
14,681 |
14,448 |
14,158 |
14,379 |
13,946 |
14,032 |
13,702 |
13,967 |
14,359 |
14,443 |
14,670 |
Total Interest Income |
|
25,075 |
28,655 |
32,354 |
33,624 |
35,629 |
36,285 |
36,854 |
37,491 |
35,977 |
34,066 |
34,873 |
Investment Securities Interest Income |
|
- |
28,655 |
32,354 |
33,624 |
35,629 |
36,285 |
36,854 |
37,491 |
35,977 |
34,066 |
34,873 |
Total Interest Expense |
|
10,394 |
14,207 |
18,196 |
19,245 |
21,683 |
22,253 |
23,152 |
23,524 |
21,618 |
19,623 |
20,203 |
Total Non-Interest Income |
|
9,851 |
11,810 |
11,039 |
10,788 |
8,013 |
11,786 |
11,675 |
11,378 |
10,988 |
12,923 |
11,793 |
Other Service Charges |
|
6,799 |
7,098 |
7,342 |
7,463 |
7,015 |
7,898 |
8,377 |
8,100 |
8,485 |
9,339 |
8,640 |
Net Realized & Unrealized Capital Gains on Investments |
|
3,052 |
4,712 |
3,697 |
3,325 |
998 |
3,888 |
3,298 |
3,278 |
2,503 |
3,584 |
3,153 |
Provision for Credit Losses |
|
- |
931 |
1,125 |
1,234 |
1,104 |
1,319 |
1,508 |
1,542 |
1,452 |
1,480 |
1,592 |
Total Non-Interest Expense |
|
15,543 |
16,238 |
16,038 |
15,838 |
17,731 |
17,237 |
16,309 |
16,479 |
16,787 |
17,770 |
17,183 |
Salaries and Employee Benefits |
|
9,161 |
9,918 |
9,401 |
9,551 |
9,460 |
10,195 |
9,826 |
9,916 |
10,245 |
10,889 |
10,332 |
Net Occupancy & Equipment Expense |
|
3,444 |
3,496 |
3,420 |
3,471 |
3,484 |
3,611 |
3,581 |
3,620 |
3,708 |
3,750 |
3,655 |
Marketing Expense |
|
460 |
458 |
513 |
501 |
455 |
455 |
487 |
504 |
510 |
506 |
563 |
Other Operating Expenses |
|
2,478 |
2,366 |
2,704 |
2,315 |
4,332 |
2,976 |
2,415 |
2,439 |
2,324 |
2,625 |
2,633 |
Income Tax Expense |
|
765 |
928 |
626 |
293 |
-20 |
588 |
663 |
428 |
443 |
720 |
572 |
Preferred Stock Dividends Declared |
|
228 |
505 |
306 |
532 |
306 |
532 |
315 |
516 |
266 |
406 |
291 |
Basic Earnings per Share |
|
$0.86 |
$0.95 |
$0.88 |
$0.91 |
$0.36 |
$0.77 |
$0.83 |
$0.82 |
$0.83 |
$0.91 |
$0.90 |
Weighted Average Basic Shares Outstanding |
|
8.11B |
8.07B |
8.04B |
8.02B |
8.03B |
7.97B |
7.90B |
7.82B |
7.86B |
7.68B |
7.58B |
Diluted Earnings per Share |
|
$0.85 |
$0.94 |
$0.88 |
$0.90 |
$0.36 |
$0.76 |
$0.83 |
$0.81 |
$0.81 |
$0.90 |
$0.89 |
Weighted Average Diluted Shares Outstanding |
|
8.17B |
8.18B |
8.08B |
8.08B |
8.08B |
8.03B |
7.96B |
7.90B |
7.94B |
7.77B |
7.65B |
Weighted Average Basic & Diluted Shares Outstanding |
|
8.00B |
7.97B |
7.95B |
7.91B |
7.87B |
7.82B |
7.76B |
7.67B |
7.60B |
7.53B |
7.41B |
Cash Dividends to Common per Share |
|
- |
- |
- |
- |
- |
- |
- |
$0.26 |
- |
$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 |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
7,267 |
20,764 |
-11,615 |
9,696 |
19,970 |
-15,844 |
218,903 |
-32,242 |
-118,018 |
102,870 |
-42,959 |
Net Cash From Operating Activities |
|
30,795 |
28,397 |
17,277 |
9,864 |
39,520 |
61,777 |
37,993 |
-7,193 |
-6,327 |
44,982 |
-8,805 |
Net Cash From Continuing Operating Activities |
|
30,795 |
28,397 |
17,277 |
9,864 |
39,520 |
61,777 |
37,993 |
-7,193 |
-6,327 |
44,982 |
-8,805 |
Net Income / (Loss) Continuing Operations |
|
5,520 |
15,910 |
17,822 |
18,232 |
28,147 |
27,430 |
17,894 |
31,978 |
27,528 |
26,515 |
27,132 |
Consolidated Net Income / (Loss) |
|
5,520 |
15,910 |
17,822 |
18,232 |
28,147 |
27,430 |
17,894 |
31,978 |
27,528 |
26,515 |
27,132 |
Provision For Loan Losses |
|
2,275 |
3,161 |
3,597 |
3,396 |
3,282 |
3,590 |
11,320 |
-4,594 |
2,543 |
4,394 |
5,821 |
Depreciation Expense |
|
1,586 |
1,555 |
1,511 |
2,103 |
2,063 |
1,729 |
1,843 |
1,898 |
1,978 |
2,057 |
2,189 |
Amortization Expense |
|
2,635 |
3,447 |
3,864 |
2,251 |
1,824 |
2,066 |
4,101 |
5,837 |
2,072 |
-397 |
-330 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1,086 |
11 |
6,151 |
6,611 |
5,517 |
15,501 |
-725 |
-7,043 |
-85,498 |
46,368 |
-2,593 |
Changes in Operating Assets and Liabilities, net |
|
19,865 |
4,313 |
-15,668 |
-22,729 |
-1,313 |
11,461 |
3,560 |
-35,269 |
45,050 |
-33,955 |
-41,024 |
Net Cash From Investing Activities |
|
-8,260 |
-55,571 |
-62,285 |
-51,541 |
-71,468 |
-80,630 |
-177,665 |
-313,291 |
-2,529 |
-35,387 |
-90,693 |
Net Cash From Continuing Investing Activities |
|
-8,260 |
-55,571 |
-62,285 |
-51,541 |
-71,468 |
-80,630 |
-177,665 |
-313,291 |
-2,529 |
-35,387 |
-90,693 |
Purchase of Investment Securities |
|
-255,129 |
-320,511 |
-274,554 |
-241,305 |
-146,868 |
-245,642 |
-420,509 |
-664,935 |
-255,478 |
-314,979 |
-451,128 |
Sale and/or Maturity of Investments |
|
248,364 |
265,599 |
218,011 |
204,287 |
123,784 |
178,478 |
272,305 |
298,306 |
269,803 |
292,642 |
352,020 |
Net Increase in Fed Funds Sold |
|
-1,495 |
-659 |
-5,742 |
-14,523 |
-48,384 |
-13,466 |
-29,461 |
53,338 |
-16,854 |
-13,050 |
8,415 |
Net Cash From Financing Activities |
|
-12,201 |
48,535 |
33,153 |
49,268 |
53,118 |
3,377 |
355,819 |
291,650 |
-106,039 |
93,345 |
60,369 |
Net Cash From Continuing Financing Activities |
|
-12,201 |
48,535 |
33,153 |
49,268 |
53,118 |
3,377 |
355,819 |
291,650 |
-106,039 |
93,345 |
60,369 |
Net Change in Deposits |
|
-335 |
78,347 |
63,675 |
48,611 |
71,931 |
53,327 |
360,677 |
268,966 |
-134,190 |
-6,514 |
41,640 |
Issuance of Debt |
|
36,746 |
40,596 |
31,523 |
53,486 |
64,278 |
56,424 |
52,120 |
81,107 |
69,089 |
70,558 |
56,683 |
Issuance of Preferred Equity |
|
5,957 |
2,964 |
2,947 |
0.00 |
4,515 |
3,643 |
2,181 |
2,169 |
4,426 |
0.00 |
0.00 |
Repayment of Debt |
|
-53,749 |
-40,365 |
-51,623 |
-49,480 |
-65,524 |
-50,794 |
-47,948 |
-46,826 |
-34,055 |
-44,571 |
-57,837 |
Repurchase of Preferred Equity |
|
- |
- |
0.00 |
0.00 |
-4,512 |
-2,568 |
-1,072 |
-1,971 |
-654 |
0.00 |
-5,254 |
Repurchase of Common Equity |
|
-1,675 |
-2,374 |
-5,112 |
-12,814 |
-20,094 |
-28,144 |
-7,025 |
-25,126 |
-5,073 |
-4,576 |
-13,104 |
Payment of Dividends |
|
-2,306 |
-3,574 |
-4,194 |
-5,700 |
-6,895 |
-5,934 |
-7,727 |
-8,055 |
-8,576 |
-9,087 |
-9,503 |
Other Financing Activities, Net |
|
3,161 |
-27,059 |
-4,063 |
15,165 |
9,419 |
-22,577 |
4,613 |
21,386 |
2,994 |
87,535 |
47,744 |
Effect of Exchange Rate Changes |
|
-3,067 |
-597 |
240 |
2,105 |
-1,200 |
-368 |
2,756 |
-3,408 |
-3,123 |
-70 |
-3,830 |
Cash Interest Paid |
|
11,082 |
10,623 |
10,510 |
12,852 |
19,087 |
22,196 |
8,662 |
4,506 |
18,526 |
69,604 |
89,687 |
Cash Income Taxes Paid |
|
2,702 |
2,477 |
1,043 |
3,235 |
2,470 |
4,359 |
2,894 |
2,760 |
2,288 |
3,405 |
3,822 |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
25,227 |
146,015 |
-2,665 |
-21,827 |
-18,653 |
-19,669 |
7,228 |
-25,043 |
-5,475 |
-16,535 |
-7,568 |
Net Cash From Operating Activities |
|
30,998 |
-11,300 |
11,786 |
11,772 |
32,724 |
-15,539 |
18,096 |
-37,276 |
25,914 |
-2,184 |
-9,132 |
Net Cash From Continuing Operating Activities |
|
30,998 |
-11,300 |
11,786 |
11,772 |
32,724 |
-15,539 |
18,096 |
-37,276 |
25,914 |
-2,184 |
-9,132 |
Net Income / (Loss) Continuing Operations |
|
7,132 |
8,161 |
7,408 |
7,802 |
3,144 |
6,674 |
6,897 |
6,896 |
6,665 |
7,396 |
7,116 |
Consolidated Net Income / (Loss) |
|
7,132 |
8,161 |
7,408 |
7,802 |
3,144 |
6,674 |
6,897 |
6,896 |
6,665 |
7,396 |
7,116 |
Provision For Loan Losses |
|
1,092 |
931 |
1,125 |
1,234 |
1,104 |
1,319 |
1,508 |
1,542 |
1,452 |
1,480 |
1,592 |
Depreciation Expense |
|
502 |
503 |
510 |
517 |
527 |
538 |
543 |
549 |
559 |
565 |
571 |
Amortization Expense |
|
210 |
34 |
30 |
91 |
-552 |
-352 |
-42 |
40 |
24 |
-85 |
-61 |
Non-Cash Adjustments to Reconcile Net Income |
|
-96,840 |
928 |
494 |
-1,073 |
46,019 |
343 |
1,776 |
-59,518 |
57,405 |
-10,141 |
-13,934 |
Changes in Operating Assets and Liabilities, net |
|
118,902 |
-21,857 |
2,219 |
3,201 |
-17,518 |
-24,061 |
7,414 |
13,215 |
-40,191 |
-1,399 |
-4,416 |
Net Cash From Investing Activities |
|
14,380 |
30,846 |
57,884 |
-59,934 |
-64,183 |
-71,322 |
-1,523 |
-27,258 |
9,410 |
-89,010 |
-56,918 |
Net Cash From Continuing Investing Activities |
|
14,380 |
30,846 |
57,884 |
-59,934 |
-64,183 |
-71,322 |
-1,523 |
-27,258 |
9,410 |
-89,010 |
-56,918 |
Purchase of Investment Securities |
|
-40,468 |
-24,926 |
-27,454 |
-53,217 |
-209,382 |
-157,256 |
-93,682 |
-98,950 |
-102,054 |
-91,564 |
-93,301 |
Sale and/or Maturity of Investments |
|
47,175 |
86,276 |
63,541 |
26,251 |
116,574 |
118,903 |
113,818 |
71,646 |
48,467 |
56,210 |
64,397 |
Net Increase in Fed Funds Sold |
|
7,673 |
-30,504 |
21,797 |
-32,968 |
28,625 |
-32,969 |
-21,659 |
46 |
62,997 |
-53,656 |
-28,014 |
Net Cash From Financing Activities |
|
-24,385 |
126,121 |
-71,695 |
27,628 |
11,291 |
68,658 |
-8,300 |
36,779 |
-36,768 |
72,832 |
55,059 |
Net Cash From Continuing Financing Activities |
|
-24,385 |
126,121 |
-71,695 |
27,628 |
11,291 |
68,658 |
-8,300 |
36,779 |
-36,768 |
72,832 |
55,059 |
Net Change in Deposits |
|
-7,756 |
-19,939 |
-33,193 |
7,392 |
39,226 |
22,669 |
-36,005 |
19,861 |
35,115 |
24,097 |
22,049 |
Issuance of Debt |
|
13,887 |
14,319 |
30,475 |
21,425 |
4,339 |
22,459 |
16,245 |
11,512 |
6,467 |
33,640 |
27,786 |
Repayment of Debt |
|
-6,956 |
18,291 |
-40,559 |
-9,899 |
-12,404 |
-16,607 |
-19,535 |
-16,569 |
-5,126 |
-18,254 |
-17,710 |
Repurchase of Common Equity |
|
-998 |
-2,215 |
-550 |
-1,000 |
-811 |
-2,500 |
-3,535 |
-3,534 |
-3,535 |
-4,521 |
-5,302 |
Payment of Dividends |
|
-2,105 |
-2,352 |
-2,091 |
-2,411 |
-2,233 |
-2,519 |
-2,216 |
-2,493 |
-2,275 |
-2,552 |
-2,200 |
Other Financing Activities, Net |
|
-19,803 |
118,017 |
-25,777 |
12,121 |
-16,826 |
45,156 |
38,600 |
30,002 |
-66,014 |
43,091 |
27,440 |
Effect of Exchange Rate Changes |
|
4,234 |
348 |
-640 |
-1,293 |
1,515 |
-1,466 |
-1,045 |
2,712 |
-4,031 |
1,827 |
3,423 |
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 |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
2,104,534 |
2,144,287 |
2,188,067 |
2,281,234 |
2,354,507 |
2,434,079 |
2,819,627 |
3,169,495 |
3,051,375 |
3,180,151 |
3,261,519 |
Cash and Due from Banks |
|
33,118 |
31,265 |
30,719 |
29,480 |
29,063 |
30,152 |
36,430 |
29,222 |
30,334 |
27,892 |
26,003 |
Federal Funds Sold |
|
191,823 |
192,482 |
198,224 |
212,747 |
261,131 |
274,597 |
304,058 |
250,720 |
267,574 |
280,624 |
274,709 |
Interest Bearing Deposits at Other Banks |
|
105,471 |
128,088 |
117,019 |
127,954 |
148,341 |
131,408 |
344,033 |
318,999 |
199,869 |
305,181 |
264,111 |
Time Deposits Placed and Other Short-Term Investments |
|
7,510 |
7,744 |
9,861 |
11,153 |
7,494 |
7,107 |
6,546 |
7,144 |
7,259 |
8,346 |
6,372 |
Trading Account Securities |
|
637,764 |
640,858 |
662,518 |
698,680 |
710,193 |
751,666 |
940,126 |
1,280,686 |
1,214,440 |
1,194,086 |
1,282,237 |
Loans and Leases, Net of Allowance |
|
866,972 |
884,749 |
895,446 |
926,356 |
937,294 |
974,010 |
909,059 |
966,737 |
1,033,065 |
1,040,390 |
1,082,595 |
Loans and Leases |
|
881,391 |
896,983 |
906,683 |
936,749 |
946,895 |
983,426 |
927,861 |
979,124 |
1,045,747 |
1,053,732 |
1,095,835 |
Allowance for Loan and Lease Losses |
|
14,419 |
12,234 |
11,237 |
10,393 |
9,601 |
9,416 |
18,802 |
12,387 |
12,682 |
13,342 |
13,240 |
Premises and Equipment, Net |
|
10,049 |
9,485 |
9,139 |
9,247 |
9,906 |
10,561 |
11,000 |
10,833 |
11,510 |
11,855 |
12,168 |
Goodwill |
|
69,777 |
69,761 |
68,969 |
68,951 |
68,951 |
68,951 |
68,951 |
69,022 |
69,022 |
69,021 |
69,021 |
Other Assets |
|
177,438 |
176,087 |
196,172 |
196,666 |
182,134 |
185,627 |
199,424 |
236,132 |
218,302 |
242,756 |
244,303 |
Total Liabilities & Shareholders' Equity |
|
2,104,534 |
2,144,287 |
2,188,067 |
2,281,234 |
2,354,507 |
2,434,079 |
2,819,627 |
3,169,495 |
3,051,375 |
3,180,151 |
3,261,519 |
Total Liabilities |
|
1,861,063 |
1,888,111 |
1,921,872 |
2,014,088 |
2,089,182 |
2,169,269 |
2,546,703 |
2,899,429 |
2,778,178 |
2,888,505 |
2,965,960 |
Non-Interest Bearing Deposits |
|
400,332 |
432,153 |
450,164 |
444,674 |
426,647 |
417,024 |
668,372 |
811,646 |
661,225 |
547,046 |
523,858 |
Interest Bearing Deposits |
|
718,604 |
765,106 |
810,770 |
864,871 |
954,829 |
1,017,779 |
1,127,108 |
1,252,800 |
1,269,116 |
1,376,781 |
1,441,609 |
Federal Funds Purchased and Securities Sold |
|
201,277 |
174,291 |
170,291 |
176,865 |
186,988 |
165,109 |
170,323 |
192,329 |
195,635 |
283,887 |
331,758 |
Short-Term Debt |
|
31,172 |
28,098 |
23,944 |
32,666 |
58,080 |
24,204 |
64,847 |
23,753 |
26,932 |
32,098 |
43,391 |
Long-Term Debt |
|
243,139 |
236,764 |
216,823 |
227,402 |
229,392 |
240,856 |
262,934 |
280,117 |
275,982 |
302,204 |
283,279 |
Other Long-Term Liabilities |
|
266,677 |
251,720 |
249,921 |
267,647 |
233,246 |
304,319 |
253,119 |
338,791 |
349,301 |
346,508 |
342,086 |
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 |
|
243,471 |
256,176 |
266,195 |
267,146 |
265,325 |
264,810 |
272,924 |
270,066 |
273,197 |
291,646 |
295,559 |
Total Preferred & Common Equity |
|
243,471 |
256,176 |
266,195 |
267,146 |
265,325 |
264,810 |
272,924 |
270,066 |
273,197 |
291,646 |
295,559 |
Preferred Stock |
|
19,309 |
22,273 |
- |
- |
22,326 |
23,401 |
24,510 |
- |
- |
28,397 |
23,159 |
Total Common Equity |
|
224,162 |
233,903 |
266,195 |
267,146 |
242,999 |
241,409 |
248,414 |
270,066 |
273,197 |
263,249 |
272,400 |
Common Stock |
|
153,458 |
151,042 |
147,038 |
138,089 |
118,896 |
91,723 |
85,982 |
62,398 |
58,953 |
56,365 |
45,336 |
Retained Earnings |
|
75,024 |
88,219 |
101,225 |
113,816 |
136,314 |
156,319 |
164,088 |
188,064 |
207,003 |
224,672 |
242,349 |
Accumulated Other Comprehensive Income / (Loss) |
|
-4,320 |
-5,358 |
-7,288 |
-7,082 |
-12,211 |
-6,633 |
-1,656 |
-5,104 |
-21,156 |
-17,788 |
-15,285 |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
3,051,375 |
3,194,657 |
3,123,198 |
3,153,090 |
3,180,151 |
3,273,803 |
3,282,834 |
3,324,293 |
3,261,519 |
3,349,424 |
3,441,142 |
Cash and Due from Banks |
|
30,334 |
29,327 |
29,651 |
25,255 |
27,892 |
23,550 |
25,849 |
24,847 |
26,003 |
24,734 |
26,661 |
Federal Funds Sold |
|
267,574 |
298,078 |
276,281 |
309,249 |
280,624 |
316,093 |
337,752 |
337,706 |
274,709 |
328,365 |
352,392 |
Interest Bearing Deposits at Other Banks |
|
199,869 |
346,891 |
343,902 |
326,471 |
305,181 |
289,854 |
294,783 |
270,742 |
264,111 |
248,845 |
239,350 |
Time Deposits Placed and Other Short-Term Investments |
|
7,259 |
11,637 |
7,941 |
7,995 |
8,346 |
7,859 |
8,369 |
8,151 |
6,372 |
7,282 |
9,377 |
Trading Account Securities |
|
1,214,440 |
1,159,739 |
1,120,821 |
1,140,337 |
1,194,086 |
1,273,153 |
1,233,529 |
1,279,657 |
1,282,237 |
1,321,966 |
1,334,912 |
Loans and Leases, Net of Allowance |
|
1,033,065 |
1,033,892 |
1,038,274 |
1,035,862 |
1,040,390 |
1,035,943 |
1,062,457 |
1,062,549 |
1,082,595 |
1,097,369 |
1,133,765 |
Loans and Leases |
|
1,045,747 |
1,046,406 |
1,051,224 |
1,049,149 |
1,053,732 |
1,049,156 |
1,076,612 |
1,075,800 |
1,095,835 |
1,110,625 |
1,147,056 |
Allowance for Loan and Lease Losses |
|
12,682 |
12,514 |
12,950 |
13,287 |
13,342 |
13,213 |
14,155 |
13,251 |
13,240 |
13,256 |
13,291 |
Premises and Equipment, Net |
|
11,510 |
11,708 |
11,688 |
11,821 |
11,855 |
11,901 |
11,917 |
12,033 |
12,168 |
12,151 |
12,254 |
Goodwill |
|
69,022 |
69,022 |
69,021 |
69,021 |
69,021 |
69,021 |
69,021 |
69,021 |
69,021 |
69,021 |
69,021 |
Other Assets |
|
218,302 |
234,363 |
225,619 |
227,079 |
242,756 |
246,429 |
239,157 |
259,587 |
244,303 |
239,691 |
263,410 |
Total Liabilities & Shareholders' Equity |
|
3,051,375 |
3,194,657 |
3,123,198 |
3,153,090 |
3,180,151 |
3,273,803 |
3,257,996 |
3,324,293 |
3,261,519 |
3,349,424 |
3,441,142 |
Total Liabilities |
|
2,778,178 |
2,914,461 |
2,839,879 |
2,866,026 |
2,888,505 |
2,980,251 |
2,976,606 |
3,027,781 |
2,965,960 |
3,053,843 |
3,141,543 |
Non-Interest Bearing Deposits |
|
661,225 |
635,608 |
588,283 |
564,609 |
547,046 |
541,484 |
517,610 |
513,720 |
523,858 |
530,010 |
528,970 |
Interest Bearing Deposits |
|
1,269,116 |
1,274,794 |
1,288,926 |
1,319,992 |
1,376,781 |
1,405,012 |
1,392,881 |
1,416,632 |
1,441,609 |
1,459,554 |
1,482,643 |
Federal Funds Purchased and Securities Sold |
|
195,635 |
314,380 |
288,627 |
300,703 |
283,887 |
329,658 |
368,106 |
397,958 |
331,758 |
376,070 |
399,460 |
Short-Term Debt |
|
26,932 |
56,564 |
41,017 |
40,196 |
32,098 |
79,296 |
84,280 |
81,571 |
43,391 |
41,470 |
89,584 |
Long-Term Debt |
|
275,982 |
283,873 |
286,073 |
290,359 |
302,204 |
296,346 |
299,611 |
296,927 |
283,279 |
304,146 |
313,418 |
Other Long-Term Liabilities |
|
349,301 |
349,249 |
346,963 |
350,179 |
346,508 |
328,473 |
314,118 |
320,973 |
342,086 |
342,623 |
327,468 |
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 |
|
273,197 |
280,196 |
283,319 |
287,064 |
291,646 |
293,552 |
293,892 |
296,512 |
295,559 |
295,581 |
299,599 |
Total Preferred & Common Equity |
|
273,197 |
280,196 |
283,319 |
287,064 |
291,646 |
293,552 |
293,892 |
296,512 |
295,559 |
295,581 |
299,599 |
Preferred Stock |
|
- |
- |
- |
- |
28,397 |
28,397 |
26,548 |
24,554 |
23,159 |
20,499 |
23,495 |
Total Common Equity |
|
273,197 |
280,196 |
283,319 |
287,064 |
263,249 |
265,155 |
267,344 |
271,958 |
272,400 |
275,082 |
276,104 |
Common Stock |
|
58,953 |
57,264 |
57,267 |
56,710 |
56,365 |
54,310 |
51,376 |
48,338 |
45,336 |
41,038 |
36,428 |
Retained Earnings |
|
207,003 |
213,062 |
218,397 |
223,749 |
224,672 |
228,902 |
233,597 |
237,954 |
242,349 |
247,315 |
252,180 |
Accumulated Other Comprehensive Income / (Loss) |
|
-21,156 |
-18,527 |
-20,742 |
-21,792 |
-17,788 |
-18,057 |
-17,629 |
-14,334 |
-15,285 |
-13,271 |
-12,504 |
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 |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-3.43% |
-3.41% |
0.89% |
4.09% |
4.47% |
0.25% |
-6.26% |
4.19% |
6.55% |
3.82% |
3.35% |
EBITDA Growth |
|
-40.37% |
123.15% |
11.80% |
10.43% |
14.61% |
-5.00% |
-31.77% |
67.25% |
-16.04% |
-14.33% |
3.70% |
EBIT Growth |
|
-50.76% |
178.63% |
12.77% |
16.75% |
18.39% |
-5.29% |
-42.01% |
78.87% |
-8.85% |
-8.48% |
3.22% |
NOPAT Growth |
|
-51.71% |
188.22% |
12.02% |
2.30% |
54.38% |
-2.55% |
-34.76% |
78.71% |
-13.92% |
-3.68% |
2.33% |
Net Income Growth |
|
-51.71% |
188.22% |
12.02% |
2.30% |
54.38% |
-2.55% |
-34.76% |
78.71% |
-13.92% |
-3.68% |
2.33% |
EPS Growth |
|
-53.33% |
211.90% |
13.74% |
4.70% |
67.31% |
5.36% |
-32.00% |
90.91% |
-10.64% |
-3.45% |
4.22% |
Operating Cash Flow Growth |
|
-66.82% |
-7.79% |
-39.16% |
-42.91% |
300.65% |
56.32% |
-38.50% |
-118.93% |
12.04% |
810.95% |
-119.57% |
Free Cash Flow Firm Growth |
|
-38.90% |
-21.38% |
152.08% |
-106.33% |
226.93% |
1,864.00% |
-205.13% |
210.97% |
-56.84% |
-191.99% |
232.28% |
Invested Capital Growth |
|
-2.00% |
0.63% |
-2.70% |
3.99% |
4.85% |
-4.15% |
13.37% |
-4.46% |
0.38% |
8.65% |
-0.59% |
Revenue Q/Q Growth |
|
-1.28% |
-1.51% |
1.07% |
0.25% |
2.79% |
-0.36% |
-2.56% |
2.25% |
2.67% |
-2.54% |
3.44% |
EBITDA Q/Q Growth |
|
11.74% |
0.27% |
4.27% |
-0.37% |
6.52% |
-1.03% |
-4.53% |
3.85% |
-5.32% |
-24.80% |
17.31% |
EBIT Q/Q Growth |
|
24.62% |
-4.39% |
6.48% |
0.82% |
7.92% |
-1.59% |
-9.74% |
5.26% |
-2.77% |
-24.42% |
15.77% |
NOPAT Q/Q Growth |
|
5.71% |
-4.08% |
9.54% |
-10.97% |
21.15% |
-1.02% |
-7.85% |
5.07% |
0.43% |
-13.07% |
14.91% |
Net Income Q/Q Growth |
|
5.71% |
-4.08% |
9.54% |
-10.97% |
21.15% |
-1.02% |
-7.85% |
5.07% |
0.43% |
-13.07% |
14.91% |
EPS Q/Q Growth |
|
10.53% |
-5.07% |
10.37% |
-10.34% |
23.11% |
1.85% |
-7.88% |
7.21% |
0.63% |
-13.73% |
16.30% |
Operating Cash Flow Q/Q Growth |
|
-27.44% |
23.16% |
-46.68% |
31.10% |
-14.72% |
649.23% |
-10.61% |
-361.56% |
-186.36% |
3.99% |
-341.35% |
Free Cash Flow Firm Q/Q Growth |
|
39.56% |
15.59% |
45.83% |
-123.00% |
-91.92% |
283.17% |
-436.03% |
35.88% |
328.94% |
-202.60% |
191.33% |
Invested Capital Q/Q Growth |
|
-0.82% |
-1.26% |
-2.90% |
-1.23% |
5.24% |
-8.72% |
2.83% |
0.45% |
-5.53% |
1.35% |
-7.82% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
14.18% |
32.77% |
36.32% |
38.53% |
42.27% |
40.06% |
29.16% |
46.81% |
36.88% |
30.43% |
30.54% |
EBIT Margin |
|
9.27% |
26.74% |
29.89% |
33.53% |
38.00% |
35.90% |
22.21% |
38.13% |
32.62% |
28.75% |
28.71% |
Profit (Net Income) Margin |
|
6.43% |
19.18% |
21.29% |
20.93% |
30.92% |
30.06% |
20.92% |
35.88% |
28.99% |
26.90% |
26.63% |
Tax Burden Percent |
|
69.32% |
71.71% |
71.23% |
62.41% |
81.39% |
83.75% |
94.20% |
94.12% |
88.89% |
93.55% |
92.75% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
30.68% |
28.29% |
28.77% |
37.59% |
18.61% |
16.25% |
5.80% |
5.88% |
11.11% |
6.45% |
7.25% |
Return on Invested Capital (ROIC) |
|
1.06% |
3.06% |
3.47% |
3.53% |
5.21% |
5.07% |
3.17% |
5.44% |
4.79% |
4.41% |
4.35% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
1.06% |
3.06% |
3.47% |
3.53% |
5.21% |
5.07% |
3.17% |
5.44% |
4.79% |
4.41% |
4.35% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.26% |
3.31% |
3.36% |
3.31% |
5.36% |
5.28% |
3.49% |
6.33% |
5.35% |
4.98% |
4.89% |
Return on Equity (ROE) |
|
2.32% |
6.37% |
6.82% |
6.84% |
10.57% |
10.35% |
6.66% |
11.78% |
10.13% |
9.39% |
9.24% |
Cash Return on Invested Capital (CROIC) |
|
3.08% |
2.44% |
6.21% |
-0.39% |
0.47% |
9.30% |
-9.37% |
10.00% |
4.41% |
-3.88% |
4.94% |
Operating Return on Assets (OROA) |
|
0.38% |
1.04% |
1.16% |
1.31% |
1.49% |
1.37% |
0.72% |
1.13% |
1.00% |
0.91% |
0.91% |
Return on Assets (ROA) |
|
0.26% |
0.75% |
0.82% |
0.82% |
1.21% |
1.15% |
0.68% |
1.07% |
0.89% |
0.85% |
0.84% |
Return on Common Equity (ROCE) |
|
2.22% |
5.84% |
6.53% |
6.84% |
10.13% |
9.46% |
6.06% |
11.25% |
10.13% |
8.92% |
8.43% |
Return on Equity Simple (ROE_SIMPLE) |
|
2.27% |
6.21% |
6.70% |
6.82% |
10.61% |
10.36% |
6.56% |
11.84% |
10.08% |
9.09% |
9.18% |
Net Operating Profit after Tax (NOPAT) |
|
5,520 |
15,910 |
17,822 |
18,232 |
28,147 |
27,430 |
17,894 |
31,978 |
27,528 |
26,515 |
27,132 |
NOPAT Margin |
|
6.43% |
19.18% |
21.29% |
20.93% |
30.92% |
30.06% |
20.92% |
35.88% |
28.99% |
26.90% |
26.63% |
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 |
|
52.56% |
52.80% |
50.86% |
51.04% |
48.88% |
49.48% |
54.71% |
57.22% |
54.37% |
54.91% |
55.61% |
Operating Expenses to Revenue |
|
88.08% |
69.45% |
65.81% |
62.57% |
58.40% |
60.17% |
64.56% |
67.03% |
64.71% |
66.79% |
65.57% |
Earnings before Interest and Taxes (EBIT) |
|
7,963 |
22,187 |
25,021 |
29,213 |
34,584 |
32,754 |
18,995 |
33,976 |
30,969 |
28,342 |
29,254 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
12,184 |
27,189 |
30,396 |
33,567 |
38,471 |
36,549 |
24,939 |
41,711 |
35,019 |
30,002 |
31,113 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.67 |
0.61 |
0.70 |
0.97 |
0.85 |
1.15 |
0.95 |
1.24 |
0.91 |
0.98 |
1.23 |
Price to Tangible Book Value (P/TBV) |
|
1.01 |
0.89 |
0.94 |
1.31 |
1.19 |
1.61 |
1.32 |
1.66 |
1.22 |
1.33 |
1.65 |
Price to Revenue (P/Rev) |
|
1.76 |
1.72 |
2.21 |
2.98 |
2.28 |
3.05 |
2.76 |
3.75 |
2.63 |
2.62 |
3.29 |
Price to Earnings (P/E) |
|
33.71 |
9.92 |
11.48 |
15.61 |
7.77 |
10.69 |
14.34 |
10.94 |
9.60 |
10.38 |
13.14 |
Dividend Yield |
|
0.84% |
1.46% |
1.36% |
1.57% |
2.55% |
2.14% |
2.64% |
1.91% |
2.76% |
2.82% |
2.29% |
Earnings Yield |
|
2.97% |
10.08% |
8.71% |
6.41% |
12.87% |
9.35% |
6.97% |
9.14% |
10.42% |
9.63% |
7.61% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.21 |
0.14 |
0.14 |
0.26 |
0.13 |
0.23 |
0.00 |
0.06 |
0.08 |
0.00 |
0.18 |
Enterprise Value to Revenue (EV/Rev) |
|
1.24 |
0.85 |
0.84 |
1.59 |
0.78 |
1.35 |
0.00 |
0.36 |
0.50 |
0.00 |
1.12 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
8.75 |
2.60 |
2.31 |
4.12 |
1.85 |
3.37 |
0.00 |
0.77 |
1.36 |
0.00 |
3.66 |
Enterprise Value to EBIT (EV/EBIT) |
|
13.39 |
3.19 |
2.80 |
4.73 |
2.06 |
3.76 |
0.00 |
0.95 |
1.54 |
0.00 |
3.89 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
19.31 |
4.44 |
3.94 |
7.58 |
2.53 |
4.49 |
0.00 |
1.01 |
1.73 |
0.00 |
4.19 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
3.46 |
2.49 |
4.06 |
14.01 |
1.80 |
1.99 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
6.62 |
5.58 |
2.20 |
0.00 |
27.79 |
2.45 |
0.00 |
0.55 |
1.88 |
0.00 |
3.69 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.13 |
1.03 |
0.90 |
0.97 |
1.08 |
1.00 |
1.20 |
1.13 |
1.11 |
1.15 |
1.11 |
Long-Term Debt to Equity |
|
1.00 |
0.92 |
0.81 |
0.85 |
0.86 |
0.91 |
0.96 |
1.04 |
1.01 |
1.04 |
0.96 |
Financial Leverage |
|
1.20 |
1.08 |
0.97 |
0.94 |
1.03 |
1.04 |
1.10 |
1.16 |
1.12 |
1.13 |
1.13 |
Leverage Ratio |
|
8.83 |
8.50 |
8.29 |
8.38 |
8.71 |
9.03 |
9.77 |
11.03 |
11.45 |
11.03 |
10.97 |
Compound Leverage Factor |
|
8.83 |
8.50 |
8.29 |
8.38 |
8.71 |
9.03 |
9.77 |
11.03 |
11.45 |
11.03 |
10.97 |
Debt to Total Capital |
|
52.98% |
50.83% |
47.49% |
49.33% |
52.00% |
50.02% |
54.57% |
52.94% |
52.58% |
53.41% |
52.50% |
Short-Term Debt to Total Capital |
|
6.02% |
5.39% |
4.72% |
6.20% |
10.51% |
4.57% |
10.80% |
4.14% |
4.67% |
5.13% |
6.97% |
Long-Term Debt to Total Capital |
|
46.96% |
45.44% |
42.77% |
43.13% |
41.50% |
45.46% |
43.77% |
48.81% |
47.90% |
48.28% |
45.53% |
Preferred Equity to Total Capital |
|
3.73% |
4.27% |
0.00% |
0.00% |
4.04% |
4.42% |
4.08% |
0.00% |
0.00% |
4.54% |
3.72% |
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 |
|
43.29% |
44.89% |
52.51% |
50.67% |
43.96% |
45.56% |
41.35% |
47.06% |
47.42% |
42.06% |
43.78% |
Debt to EBITDA |
|
22.51 |
9.74 |
7.92 |
7.75 |
7.47 |
7.25 |
13.14 |
7.29 |
8.65 |
11.14 |
10.50 |
Net Debt to EBITDA |
|
-5.22 |
-3.48 |
-3.79 |
-3.61 |
-4.12 |
-4.88 |
-14.57 |
-7.25 |
-5.77 |
-9.59 |
-7.86 |
Long-Term Debt to EBITDA |
|
19.96 |
8.71 |
7.13 |
6.77 |
5.96 |
6.59 |
10.54 |
6.72 |
7.88 |
10.07 |
9.10 |
Debt to NOPAT |
|
49.69 |
16.65 |
13.51 |
14.26 |
10.21 |
9.66 |
18.32 |
9.50 |
11.00 |
12.61 |
12.04 |
Net Debt to NOPAT |
|
-11.52 |
-5.95 |
-6.46 |
-6.65 |
-5.63 |
-6.50 |
-20.30 |
-9.45 |
-7.34 |
-10.85 |
-9.01 |
Long-Term Debt to NOPAT |
|
44.05 |
14.88 |
12.17 |
12.47 |
8.15 |
8.78 |
14.69 |
8.76 |
10.03 |
11.40 |
10.44 |
Noncontrolling Interest Sharing Ratio |
|
4.06% |
8.32% |
4.26% |
0.00% |
4.19% |
8.63% |
8.91% |
4.51% |
0.00% |
5.03% |
8.78% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
16,096 |
12,654 |
31,898 |
-2,020 |
2,564 |
50,357 |
-52,941 |
58,747 |
25,353 |
-23,322 |
30,851 |
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 |
|
1.47 |
1.20 |
3.20 |
-0.16 |
0.14 |
2.25 |
-6.44 |
12.40 |
1.26 |
-0.32 |
0.34 |
Operating Cash Flow to Interest Expense |
|
2.82 |
2.69 |
1.73 |
0.80 |
2.12 |
2.76 |
4.62 |
-1.52 |
-0.31 |
0.61 |
-0.10 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.82 |
2.69 |
1.73 |
0.80 |
2.12 |
2.76 |
4.62 |
-1.52 |
-0.31 |
0.61 |
-0.10 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
8.37 |
8.49 |
8.99 |
9.48 |
9.50 |
8.92 |
7.93 |
8.16 |
8.50 |
8.44 |
8.48 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
517,782 |
521,038 |
506,962 |
527,214 |
552,797 |
529,870 |
600,705 |
573,936 |
576,111 |
625,948 |
622,229 |
Invested Capital Turnover |
|
0.16 |
0.16 |
0.16 |
0.17 |
0.17 |
0.17 |
0.15 |
0.15 |
0.17 |
0.16 |
0.16 |
Increase / (Decrease) in Invested Capital |
|
-10,576 |
3,256 |
-14,076 |
20,252 |
25,583 |
-22,927 |
70,835 |
-26,769 |
2,175 |
49,837 |
-3,719 |
Enterprise Value (EV) |
|
106,596 |
70,666 |
70,173 |
138,159 |
71,257 |
123,209 |
-102,509 |
32,192 |
47,587 |
-1,131 |
113,742 |
Market Capitalization |
|
150,898 |
143,110 |
185,229 |
259,425 |
207,488 |
278,012 |
236,267 |
334,407 |
249,709 |
258,213 |
335,108 |
Book Value per Share |
|
$21.32 |
$22.46 |
$26.34 |
$25.61 |
$24.76 |
$26.84 |
$28.72 |
$33.00 |
$34.05 |
$33.26 |
$35.50 |
Tangible Book Value per Share |
|
$14.24 |
$15.40 |
$19.52 |
$19.00 |
$17.73 |
$19.17 |
$20.75 |
$24.57 |
$25.45 |
$24.54 |
$26.51 |
Total Capital |
|
517,782 |
521,038 |
506,962 |
527,214 |
552,797 |
529,870 |
600,705 |
573,936 |
576,111 |
625,948 |
622,229 |
Total Debt |
|
274,311 |
264,862 |
240,767 |
260,068 |
287,472 |
265,060 |
327,781 |
303,870 |
302,914 |
334,302 |
326,670 |
Total Long-Term Debt |
|
243,139 |
236,764 |
216,823 |
227,402 |
229,392 |
240,856 |
262,934 |
280,117 |
275,982 |
302,204 |
283,279 |
Net Debt |
|
-63,611 |
-94,717 |
-115,056 |
-121,266 |
-158,557 |
-178,204 |
-363,286 |
-302,215 |
-202,122 |
-287,741 |
-244,525 |
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) |
|
274,311 |
264,862 |
240,767 |
260,068 |
287,472 |
265,060 |
327,781 |
303,870 |
302,914 |
334,302 |
326,670 |
Total Depreciation and Amortization (D&A) |
|
4,221 |
5,002 |
5,375 |
4,354 |
3,887 |
3,795 |
5,944 |
7,735 |
4,050 |
1,660 |
1,859 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.36 |
$1.38 |
$1.58 |
$1.63 |
$2.64 |
$2.77 |
$1.88 |
$3.60 |
$3.21 |
$3.10 |
$3.25 |
Adjusted Weighted Average Basic Shares Outstanding |
|
10.53B |
10.46B |
10.28B |
10.20B |
10.10B |
9.39B |
8.75B |
8.49B |
8.11B |
8.03B |
7.86B |
Adjusted Diluted Earnings per Share |
|
$0.36 |
$1.31 |
$1.50 |
$1.56 |
$2.61 |
$2.75 |
$1.87 |
$3.57 |
$3.19 |
$3.08 |
$3.21 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
10.58B |
11.21B |
11.04B |
10.78B |
10.24B |
9.44B |
8.80B |
8.56B |
8.17B |
8.08B |
7.94B |
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 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
10.52B |
10.33B |
10.03B |
10.24B |
9.66B |
8.73B |
8.63B |
8.07B |
8.00B |
7.87B |
7.60B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
5,520 |
15,910 |
17,822 |
18,232 |
28,147 |
27,430 |
17,894 |
31,978 |
27,528 |
26,515 |
27,132 |
Normalized NOPAT Margin |
|
6.43% |
19.18% |
21.29% |
20.93% |
30.92% |
30.06% |
20.92% |
35.88% |
28.99% |
26.90% |
26.63% |
Pre Tax Income Margin |
|
9.27% |
26.74% |
29.89% |
33.53% |
38.00% |
35.90% |
22.21% |
38.13% |
32.62% |
28.75% |
28.71% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.73 |
2.10 |
2.51 |
2.37 |
1.86 |
1.47 |
2.31 |
7.17 |
1.54 |
0.39 |
0.32 |
NOPAT to Interest Expense |
|
0.50 |
1.51 |
1.79 |
1.48 |
1.51 |
1.23 |
2.18 |
6.75 |
1.37 |
0.36 |
0.30 |
EBIT Less CapEx to Interest Expense |
|
0.73 |
2.10 |
2.51 |
2.37 |
1.86 |
1.47 |
2.31 |
7.17 |
1.54 |
0.39 |
0.32 |
NOPAT Less CapEx to Interest Expense |
|
0.50 |
1.51 |
1.79 |
1.48 |
1.51 |
1.23 |
2.18 |
6.75 |
1.37 |
0.36 |
0.30 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
41.78% |
22.46% |
23.53% |
31.26% |
24.50% |
21.63% |
43.18% |
25.19% |
31.15% |
34.27% |
35.03% |
Augmented Payout Ratio |
|
72.12% |
37.39% |
52.22% |
101.55% |
95.89% |
124.24% |
82.44% |
103.76% |
49.58% |
51.53% |
83.32% |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
11.21% |
13.04% |
11.06% |
2.71% |
-10.49% |
-1.68% |
0.71% |
0.71% |
15.43% |
6.00% |
4.28% |
EBITDA Growth |
|
0.88% |
3.42% |
7.62% |
-5.04% |
-68.05% |
-22.63% |
-5.98% |
-9.08% |
148.18% |
15.41% |
1.70% |
EBIT Growth |
|
14.98% |
14.92% |
16.57% |
-2.48% |
-65.25% |
-20.10% |
-5.90% |
-9.52% |
127.53% |
11.76% |
1.69% |
NOPAT Growth |
|
1.70% |
15.48% |
18.58% |
10.17% |
-55.92% |
-18.22% |
-6.90% |
-11.61% |
111.99% |
10.82% |
3.18% |
Net Income Growth |
|
1.70% |
15.48% |
18.58% |
10.17% |
-55.92% |
-18.22% |
-6.90% |
-11.61% |
111.99% |
10.82% |
3.18% |
EPS Growth |
|
2.41% |
17.50% |
20.55% |
11.11% |
-57.65% |
-19.15% |
-5.68% |
-10.00% |
125.00% |
18.42% |
7.23% |
Operating Cash Flow Growth |
|
-30.58% |
75.13% |
333.43% |
-10.51% |
5.57% |
-37.51% |
53.54% |
-416.65% |
-20.81% |
85.95% |
-150.46% |
Free Cash Flow Firm Growth |
|
-85.33% |
103.16% |
125.78% |
100.09% |
-1,041.96% |
-2,293.04% |
-996.16% |
-174,220.69% |
122.24% |
184.50% |
92.63% |
Invested Capital Growth |
|
0.38% |
1.02% |
-0.12% |
1.27% |
8.65% |
7.82% |
13.06% |
9.29% |
-0.59% |
-4.18% |
1.81% |
Revenue Q/Q Growth |
|
0.12% |
7.04% |
-4.04% |
-0.12% |
-12.75% |
17.57% |
-1.71% |
-0.13% |
0.01% |
7.97% |
-3.30% |
EBITDA Q/Q Growth |
|
5.85% |
-0.77% |
-10.93% |
1.50% |
-64.39% |
140.34% |
8.23% |
-1.84% |
-2.81% |
11.77% |
-4.63% |
EBIT Q/Q Growth |
|
8.29% |
1.11% |
-11.61% |
0.76% |
-61.41% |
132.46% |
4.10% |
-3.12% |
-2.95% |
14.18% |
-5.27% |
NOPAT Q/Q Growth |
|
0.71% |
14.43% |
-9.23% |
5.32% |
-59.70% |
112.28% |
3.34% |
-0.01% |
-3.35% |
10.97% |
-3.79% |
Net Income Q/Q Growth |
|
0.71% |
14.43% |
-9.23% |
5.32% |
-59.70% |
112.28% |
3.34% |
-0.01% |
-3.35% |
10.97% |
-3.79% |
EPS Q/Q Growth |
|
4.94% |
10.59% |
-6.38% |
2.27% |
-60.00% |
111.11% |
9.21% |
-2.41% |
0.00% |
11.11% |
-1.11% |
Operating Cash Flow Q/Q Growth |
|
135.65% |
-136.45% |
204.30% |
-0.12% |
177.98% |
-147.49% |
216.46% |
-305.99% |
169.52% |
-108.43% |
-318.13% |
Free Cash Flow Firm Q/Q Growth |
|
115.79% |
-61.47% |
325.39% |
-99.64% |
-161,110.34% |
10.29% |
-73.83% |
30.65% |
120.56% |
240.84% |
-115.16% |
Invested Capital Q/Q Growth |
|
-5.53% |
7.73% |
-1.65% |
1.18% |
1.35% |
6.91% |
3.13% |
-2.19% |
-7.82% |
3.05% |
9.58% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
39.54% |
36.66% |
34.03% |
34.58% |
14.11% |
28.85% |
31.77% |
31.22% |
30.34% |
31.41% |
30.98% |
EBIT Margin |
|
36.64% |
34.61% |
31.88% |
32.17% |
14.23% |
28.13% |
29.79% |
28.90% |
28.04% |
29.66% |
29.05% |
Profit (Net Income) Margin |
|
29.07% |
31.08% |
29.40% |
31.00% |
14.32% |
25.85% |
27.18% |
27.21% |
26.30% |
27.03% |
26.89% |
Tax Burden Percent |
|
90.31% |
89.79% |
92.21% |
96.38% |
100.64% |
91.90% |
91.23% |
94.16% |
93.77% |
91.13% |
92.56% |
Interest Burden Percent |
|
87.85% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
9.69% |
10.21% |
7.79% |
3.62% |
-0.64% |
8.10% |
8.77% |
5.84% |
6.23% |
8.87% |
7.44% |
Return on Invested Capital (ROIC) |
|
4.80% |
4.93% |
4.84% |
5.11% |
2.35% |
3.93% |
4.11% |
4.15% |
4.29% |
4.27% |
4.04% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.80% |
4.93% |
4.84% |
5.11% |
2.35% |
3.93% |
4.11% |
4.15% |
4.29% |
4.27% |
4.04% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.36% |
6.21% |
5.86% |
6.16% |
2.65% |
4.91% |
5.15% |
5.04% |
4.83% |
5.22% |
5.44% |
Return on Equity (ROE) |
|
10.16% |
11.14% |
10.70% |
11.27% |
5.00% |
8.84% |
9.26% |
9.18% |
9.13% |
9.49% |
9.47% |
Cash Return on Invested Capital (CROIC) |
|
4.41% |
3.62% |
4.99% |
3.70% |
-3.88% |
-3.65% |
-8.49% |
-5.23% |
4.94% |
8.52% |
2.24% |
Operating Return on Assets (OROA) |
|
1.12% |
1.05% |
1.03% |
1.05% |
0.45% |
0.85% |
0.91% |
0.88% |
0.89% |
0.93% |
0.90% |
Return on Assets (ROA) |
|
0.89% |
0.95% |
0.95% |
1.01% |
0.45% |
0.78% |
0.83% |
0.83% |
0.83% |
0.84% |
0.84% |
Return on Common Equity (ROCE) |
|
10.16% |
10.59% |
10.13% |
10.68% |
4.75% |
8.41% |
8.83% |
8.80% |
8.32% |
8.70% |
8.67% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
10.22% |
10.51% |
10.63% |
0.00% |
8.53% |
8.34% |
7.96% |
0.00% |
9.42% |
9.37% |
Net Operating Profit after Tax (NOPAT) |
|
7,132 |
8,161 |
7,408 |
7,802 |
3,144 |
6,674 |
6,897 |
6,896 |
6,665 |
7,396 |
7,116 |
NOPAT Margin |
|
29.07% |
31.08% |
29.40% |
31.00% |
14.32% |
25.85% |
27.18% |
27.21% |
26.30% |
27.03% |
26.89% |
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 |
|
53.26% |
52.83% |
52.92% |
53.73% |
61.02% |
55.24% |
54.75% |
55.40% |
57.06% |
55.34% |
54.98% |
Operating Expenses to Revenue |
|
63.36% |
61.84% |
63.65% |
62.93% |
80.75% |
66.76% |
64.27% |
65.02% |
66.23% |
64.93% |
64.93% |
Earnings before Interest and Taxes (EBIT) |
|
8,989 |
9,089 |
8,034 |
8,095 |
3,124 |
7,262 |
7,560 |
7,324 |
7,108 |
8,116 |
7,688 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
9,701 |
9,626 |
8,574 |
8,703 |
3,099 |
7,448 |
8,061 |
7,913 |
7,691 |
8,596 |
8,198 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.91 |
0.77 |
0.77 |
0.73 |
0.98 |
1.10 |
1.14 |
1.12 |
1.23 |
1.15 |
1.29 |
Price to Tangible Book Value (P/TBV) |
|
1.22 |
1.03 |
1.02 |
0.96 |
1.33 |
1.49 |
1.54 |
1.50 |
1.65 |
1.54 |
1.72 |
Price to Revenue (P/Rev) |
|
2.63 |
2.21 |
2.17 |
2.07 |
2.62 |
2.98 |
3.11 |
3.09 |
3.29 |
3.07 |
3.41 |
Price to Earnings (P/E) |
|
9.60 |
8.00 |
7.72 |
7.23 |
10.38 |
12.54 |
13.37 |
13.87 |
13.14 |
12.04 |
13.40 |
Dividend Yield |
|
2.76% |
3.22% |
3.22% |
3.42% |
2.82% |
2.54% |
2.46% |
2.50% |
2.29% |
2.44% |
2.20% |
Earnings Yield |
|
10.42% |
12.50% |
12.96% |
13.83% |
9.63% |
7.97% |
7.48% |
7.21% |
7.61% |
8.30% |
7.46% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.08 |
0.00 |
0.00 |
0.00 |
0.00 |
0.09 |
0.07 |
0.10 |
0.18 |
0.12 |
0.22 |
Enterprise Value to Revenue (EV/Rev) |
|
0.50 |
0.00 |
0.00 |
0.00 |
0.00 |
0.61 |
0.50 |
0.67 |
1.12 |
0.72 |
1.48 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
1.36 |
0.00 |
0.00 |
0.00 |
0.00 |
2.14 |
1.80 |
2.48 |
3.66 |
2.30 |
4.79 |
Enterprise Value to EBIT (EV/EBIT) |
|
1.54 |
0.00 |
0.00 |
0.00 |
0.00 |
2.25 |
1.88 |
2.61 |
3.89 |
2.47 |
5.13 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1.73 |
0.00 |
0.00 |
0.00 |
0.00 |
2.38 |
2.00 |
2.79 |
4.19 |
2.67 |
5.53 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.46 |
1.04 |
0.00 |
0.00 |
16.31 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
1.88 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
3.69 |
1.33 |
9.95 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.11 |
1.22 |
1.15 |
1.15 |
1.15 |
1.28 |
1.31 |
1.28 |
1.11 |
1.17 |
1.35 |
Long-Term Debt to Equity |
|
1.01 |
1.01 |
1.01 |
1.01 |
1.04 |
1.01 |
1.02 |
1.00 |
0.96 |
1.03 |
1.05 |
Financial Leverage |
|
1.12 |
1.26 |
1.21 |
1.21 |
1.13 |
1.25 |
1.25 |
1.22 |
1.13 |
1.22 |
1.35 |
Leverage Ratio |
|
11.45 |
11.76 |
11.29 |
11.19 |
11.03 |
11.27 |
11.10 |
11.10 |
10.97 |
11.24 |
11.33 |
Compound Leverage Factor |
|
10.06 |
11.76 |
11.29 |
11.19 |
11.03 |
11.27 |
11.10 |
11.10 |
10.97 |
11.24 |
11.33 |
Debt to Total Capital |
|
52.58% |
54.85% |
53.59% |
53.52% |
53.41% |
56.13% |
56.64% |
56.07% |
52.50% |
53.90% |
57.36% |
Short-Term Debt to Total Capital |
|
4.67% |
9.11% |
6.72% |
6.51% |
5.13% |
11.85% |
12.43% |
12.08% |
6.97% |
6.47% |
12.75% |
Long-Term Debt to Total Capital |
|
47.90% |
45.74% |
46.87% |
47.01% |
48.28% |
44.28% |
44.20% |
43.99% |
45.53% |
47.43% |
44.61% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
4.54% |
4.24% |
3.92% |
3.64% |
3.72% |
3.20% |
3.34% |
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 |
|
47.42% |
45.15% |
46.41% |
46.48% |
42.06% |
39.62% |
39.44% |
40.29% |
43.78% |
42.90% |
39.30% |
Debt to EBITDA |
|
8.65 |
8.77 |
8.17 |
8.29 |
11.14 |
13.50 |
14.06 |
14.27 |
10.50 |
10.71 |
12.44 |
Net Debt to EBITDA |
|
-5.77 |
-8.90 |
-8.26 |
-8.48 |
-9.59 |
-9.41 |
-10.36 |
-9.91 |
-7.86 |
-8.17 |
-6.94 |
Long-Term Debt to EBITDA |
|
7.88 |
7.31 |
7.15 |
7.28 |
10.07 |
10.65 |
10.97 |
11.20 |
9.10 |
9.43 |
9.67 |
Debt to NOPAT |
|
11.00 |
11.89 |
10.98 |
10.84 |
12.61 |
15.01 |
15.66 |
16.03 |
12.04 |
12.41 |
14.36 |
Net Debt to NOPAT |
|
-7.34 |
-12.07 |
-11.10 |
-11.09 |
-10.85 |
-10.46 |
-11.54 |
-11.14 |
-9.01 |
-9.46 |
-8.01 |
Long-Term Debt to NOPAT |
|
10.03 |
9.92 |
9.61 |
9.52 |
11.40 |
11.84 |
12.22 |
12.58 |
10.44 |
10.92 |
11.16 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
4.96% |
5.27% |
5.23% |
5.03% |
4.95% |
4.60% |
4.21% |
8.78% |
8.30% |
8.43% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
4,957 |
1,910 |
8,125 |
29 |
-46,693 |
-41,887 |
-72,813 |
-50,495 |
10,384 |
35,393 |
-5,366 |
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 |
|
0.48 |
0.13 |
0.45 |
0.00 |
-2.15 |
-1.88 |
-3.15 |
-2.15 |
0.48 |
1.80 |
-0.27 |
Operating Cash Flow to Interest Expense |
|
2.98 |
-0.80 |
0.65 |
0.61 |
1.51 |
-0.70 |
0.78 |
-1.58 |
1.20 |
-0.11 |
-0.45 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.98 |
-0.80 |
0.65 |
0.61 |
1.51 |
-0.70 |
0.78 |
-1.58 |
1.20 |
-0.11 |
-0.45 |
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 |
|
8.50 |
8.70 |
8.85 |
8.82 |
8.44 |
8.31 |
8.33 |
8.26 |
8.48 |
8.60 |
8.65 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
576,111 |
620,633 |
610,409 |
617,619 |
625,948 |
669,194 |
690,119 |
675,010 |
622,229 |
641,197 |
702,601 |
Invested Capital Turnover |
|
0.17 |
0.16 |
0.16 |
0.16 |
0.16 |
0.15 |
0.15 |
0.15 |
0.16 |
0.16 |
0.15 |
Increase / (Decrease) in Invested Capital |
|
2,175 |
6,251 |
-717 |
7,773 |
49,837 |
48,561 |
79,710 |
57,391 |
-3,719 |
-27,997 |
12,482 |
Enterprise Value (EV) |
|
47,587 |
-128,970 |
-112,693 |
-129,243 |
-1,131 |
59,538 |
49,051 |
65,882 |
113,742 |
74,232 |
155,125 |
Market Capitalization |
|
249,709 |
216,526 |
217,992 |
209,172 |
258,213 |
292,855 |
305,365 |
304,276 |
335,108 |
317,343 |
356,408 |
Book Value per Share |
|
$34.05 |
$35.01 |
$35.55 |
$36.13 |
$33.26 |
$33.28 |
$34.19 |
$35.05 |
$35.50 |
$36.17 |
$36.66 |
Tangible Book Value per Share |
|
$25.45 |
$26.38 |
$26.89 |
$27.44 |
$24.54 |
$24.61 |
$25.36 |
$26.15 |
$26.51 |
$27.10 |
$27.49 |
Total Capital |
|
576,111 |
620,633 |
610,409 |
617,619 |
625,948 |
669,194 |
677,783 |
675,010 |
622,229 |
641,197 |
702,601 |
Total Debt |
|
302,914 |
340,437 |
327,090 |
330,555 |
334,302 |
375,642 |
383,891 |
378,498 |
326,670 |
345,616 |
403,002 |
Total Long-Term Debt |
|
275,982 |
283,873 |
286,073 |
290,359 |
302,204 |
296,346 |
299,611 |
296,927 |
283,279 |
304,146 |
313,418 |
Net Debt |
|
-202,122 |
-345,496 |
-330,685 |
-338,415 |
-287,741 |
-261,714 |
-282,862 |
-262,948 |
-244,525 |
-263,610 |
-224,778 |
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) |
|
302,914 |
340,437 |
327,090 |
330,555 |
334,302 |
375,642 |
396,227 |
378,498 |
326,670 |
345,616 |
403,002 |
Total Depreciation and Amortization (D&A) |
|
712 |
537 |
540 |
608 |
-25 |
186 |
501 |
589 |
583 |
480 |
510 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.86 |
$0.95 |
$0.88 |
$0.91 |
$0.36 |
$0.77 |
$0.83 |
$0.82 |
$0.83 |
$0.91 |
$0.90 |
Adjusted Weighted Average Basic Shares Outstanding |
|
8.11B |
8.07B |
8.04B |
8.02B |
8.03B |
7.97B |
7.90B |
7.82B |
7.86B |
7.68B |
7.58B |
Adjusted Diluted Earnings per Share |
|
$0.85 |
$0.94 |
$0.88 |
$0.90 |
$0.36 |
$0.76 |
$0.83 |
$0.81 |
$0.81 |
$0.90 |
$0.89 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
8.17B |
8.18B |
8.08B |
8.08B |
8.08B |
8.03B |
7.96B |
7.90B |
7.94B |
7.77B |
7.65B |
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 |
|
8.00B |
7.97B |
7.95B |
7.91B |
7.87B |
7.82B |
7.76B |
7.67B |
7.60B |
7.53B |
7.41B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
7,132 |
8,161 |
7,408 |
7,802 |
2,187 |
6,674 |
6,897 |
6,896 |
6,665 |
7,396 |
7,116 |
Normalized NOPAT Margin |
|
29.07% |
31.08% |
29.40% |
31.00% |
9.96% |
25.85% |
27.18% |
27.21% |
26.30% |
27.03% |
26.89% |
Pre Tax Income Margin |
|
32.19% |
34.61% |
31.88% |
32.17% |
14.23% |
28.13% |
29.79% |
28.90% |
28.04% |
29.66% |
29.05% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.86 |
0.64 |
0.44 |
0.42 |
0.14 |
0.33 |
0.33 |
0.31 |
0.33 |
0.41 |
0.38 |
NOPAT to Interest Expense |
|
0.69 |
0.57 |
0.41 |
0.41 |
0.15 |
0.30 |
0.30 |
0.29 |
0.31 |
0.38 |
0.35 |
EBIT Less CapEx to Interest Expense |
|
0.86 |
0.64 |
0.44 |
0.42 |
0.14 |
0.33 |
0.33 |
0.31 |
0.33 |
0.41 |
0.38 |
NOPAT Less CapEx to Interest Expense |
|
0.69 |
0.57 |
0.41 |
0.41 |
0.15 |
0.30 |
0.30 |
0.29 |
0.31 |
0.38 |
0.35 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
31.15% |
30.42% |
29.55% |
29.37% |
34.27% |
36.97% |
38.26% |
40.07% |
35.03% |
34.24% |
33.91% |
Augmented Payout Ratio |
|
49.58% |
46.62% |
43.70% |
44.99% |
51.53% |
56.40% |
70.26% |
84.03% |
83.32% |
88.54% |
94.08% |
Key Financial Trends
Bank of America (NYSE: BAC) has demonstrated steady financial performance and operational trends over the past four years through Q2 2025. An analysis of the income statements, cash flow statements, and balance sheets reveals several key points for investors to consider:
- Net income continued to grow, reaching $7.1 billion in Q2 2025, reflecting a stable earning capacity.
- Net interest income has steadily increased from $13.8 billion in Q2 2024 to $14.7 billion in Q2 2025, supported by strong interest income despite rising interest expenses.
- Total deposits increased by nearly $22 billion in Q2 2025, indicating strong customer confidence and liquidity support.
- The bank maintains substantial cash and equivalents of $26.7 billion as of Q2 2025, supporting operational liquidity.
- Loan portfolio net of allowance grew to $1.13 trillion, indicating ongoing lending activities and revenue potential.
- Provision for loan losses increased to $1.59 billion in Q2 2025, indicating heightened credit risk or conservative reserve management.
- Non-interest income remains robust at approximately $11.8 billion in Q2 2025, but shows some volatility quarter-to-quarter.
- Total liabilities increased to about $3.14 trillion, consistent with asset growth, keeping a solid equity base of nearly $300 billion.
- Operating cash flows turned negative at -$9.1 billion in Q2 2025, contrasting previous positive quarters, raising attention on working capital management and cash conversion.
- Significant net cash outflows from investing activities (-$56.9 billion) in Q2 2025 suggest heavy investment purchases exceeding sales/maturities, which may impact near-term liquidity.
Summary: Bank of America shows strong earnings growth and robust asset and deposit expansion, underpinned by increasing net interest income and a robust loan book. However, the rise in loan loss provisions and a recent negative operating cash flow quarter may warrant monitoring. The bank's capital and liquidity positions remain solid based on the balance sheet figures. Investors should watch subsequent quarters for cash flow recovery and credit loss trends for a fuller picture of financial health.
08/09/25 07:54 PMAI Generated. May Contain Errors.