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Bank of America (BAC) Financials

Bank of America logo
$46.03 +1.11 (+2.47%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$46.06 +0.03 (+0.08%)
As of 08/8/2025 07:59 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
4,476 14,427 16,140 16,618 26,696 25,998 16,473 30,557 26,015 24,866 25,503
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
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
Total Pre-Tax Income
7,963 22,187 25,021 29,213 34,584 32,754 18,995 33,976 30,969 28,342 29,254
Total Revenue
85,894 82,965 83,701 87,126 91,020 91,244 85,528 89,113 94,950 98,581 101,887
Net Interest Income / (Expense)
40,779 38,958 41,096 45,239 48,162 48,891 43,360 42,934 52,462 56,931 56,060
Total Interest Income
51,714 49,507 51,057 57,579 66,769 71,236 51,585 47,672 72,565 130,262 146,607
Investment Securities Interest Income
9,010 9,178 9,167 57,579 66,769 71,236 51,585 47,672 72,565 130,262 146,607
Total Interest Expense
10,935 10,549 9,961 12,340 18,607 22,345 8,225 4,738 20,103 73,331 90,547
Total Non-Interest Income
45,115 44,007 42,605 41,887 42,858 42,353 42,168 46,179 42,488 41,650 45,827
Other Service Charges
17,976 17,487 9,475 34,785 33,850 33,319 33,813 37,488 30,413 28,918 32,860
Net Realized & Unrealized Capital Gains on Investments
7,790 7,611 6,902 7,102 9,008 9,034 8,355 8,691 12,075 12,732 12,967
Provision for Credit Losses
2,275 3,161 3,597 3,396 3,282 3,590 11,320 -4,594 2,543 4,394 5,821
Total Non-Interest Expense
75,656 57,617 55,083 54,517 53,154 54,900 55,213 59,731 61,438 65,845 66,812
Salaries and Employee Benefits
33,787 32,751 32,018 31,931 31,880 31,977 32,725 36,140 36,447 38,330 40,182
Net Occupancy & Equipment Expense
9,529 9,247 8,849 10,794 10,935 11,234 12,363 12,907 13,350 13,871 14,520
Marketing Expense
1,829 1,811 1,703 1,746 1,674 1,934 1,701 1,939 1,825 1,927 1,956
Other Operating Expenses
29,575 13,808 12,513 10,046 8,665 9,755 8,424 8,745 9,816 11,717 10,154
Income Tax Expense
2,443 6,277 7,199 10,981 6,437 5,324 1,101 1,998 3,441 1,827 2,122
Preferred Stock Dividends Declared
1,044 1,483 1,682 1,614 1,451 1,432 1,421 1,421 1,513 1,649 1,629
Basic Earnings per Share
$0.43 $1.38 $1.57 $1.63 $2.64 $2.77 $1.88 $3.60 $3.21 $3.10 $3.25
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
Diluted Earnings per Share
$0.42 $1.31 $1.49 $1.56 $2.61 $2.75 $1.87 $3.57 $3.19 $3.08 $3.21
Weighted Average Diluted Shares Outstanding
10.58B 11.24B 11.05B 10.78B 10.24B 9.44B 8.80B 8.56B 8.17B 8.08B 7.94B
Weighted Average Basic & Diluted Shares Outstanding
10.52B 10.33B 10.03B 10.20B 10.11B 8.73B 8.63B 8.07B 8.00B 7.87B 7.60B
Cash Dividends to Common per Share
$0.12 $0.20 $0.25 $0.39 $0.54 $0.66 $0.72 $0.78 $0.86 $0.92 $1.00

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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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.

Frequently Asked Questions About Bank of America's Financials

When does Bank of America's financial year end?

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

How has Bank of America's net income changed over the last 10 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 $5.52 billion in 2014. The previous period was $26.52 billion in 2023. Check out Bank of America's forecast to explore projected trends and price targets.

How has Bank of America's revenue changed over the last 10 years?

Over the last 10 years, Bank of America's total revenue changed from $85.89 billion in 2014 to $101.89 billion in 2024, a change of 18.6%.

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 59.4% increase since 2014.

How much cash does Bank of America have?

In the past 10 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 10 years?

Over the last 10 years, Bank of America's book value per share changed from 21.32 in 2014 to 35.50 in 2024, a change of 66.6%.



This page (NYSE:BAC) was last updated on 8/9/2025 by MarketBeat.com Staff
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