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Bank of America (BAC) Financials

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$39.88 -0.11 (-0.28%)
As of 03:59 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 14,427 16,140 16,618 26,696 25,998 16,473 30,557 26,015 24,866 25,503
Consolidated Net Income / (Loss)		 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		 15,910 17,822 18,232 28,147 27,430 17,894 31,978 27,528 26,515 27,132
Total Pre-Tax Income 		22,187 25,021 29,213 34,584 32,754 18,995 33,976 30,969 28,342 29,254
Total Revenue		 82,965 83,701 87,126 91,020 91,244 85,528 89,113 94,950 98,581 101,887
Net Interest Income / (Expense)		 38,958 41,096 45,239 48,162 48,891 43,360 42,934 52,462 56,931 56,060
Total Interest Income		 49,507 51,057 57,579 66,769 71,236 51,585 47,672 72,565 130,262 146,607
Investment Securities Interest Income		 9,178 9,167 57,579 66,769 71,236 51,585 47,672 72,565 130,262 146,607
Total Interest Expense		 10,549 9,961 12,340 18,607 22,345 8,225 4,738 20,103 73,331 90,547
Total Non-Interest Income		 44,007 42,605 41,887 42,858 42,353 42,168 46,179 42,488 41,650 45,827
Other Service Charges		 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		 7,611 6,902 7,102 9,008 9,034 8,355 8,691 12,075 12,732 12,967
Provision for Credit Losses		 3,161 3,597 3,396 3,282 3,590 11,320 -4,594 2,543 4,394 5,821
Total Non-Interest Expense		 57,617 55,083 54,517 53,154 54,900 55,213 59,731 61,438 65,845 66,812
Salaries and Employee Benefits		 32,751 32,018 31,931 31,880 31,977 32,725 36,140 36,447 38,330 40,182
Net Occupancy & Equipment Expense		 9,247 8,849 10,794 10,935 11,234 12,363 12,907 13,350 13,871 14,520
Marketing Expense		 1,811 1,703 1,746 1,674 1,934 1,701 1,939 1,825 1,927 1,956
Other Operating Expenses		 13,808 12,513 10,046 8,665 9,755 8,424 8,745 9,816 11,717 10,154
Income Tax Expense		 6,277 7,199 10,981 6,437 5,324 1,101 1,998 3,441 1,827 2,122
Preferred Stock Dividends Declared		 1,483 1,682 1,614 1,451 1,432 1,421 1,421 1,513 1,649 1,629
Basic Earnings per Share		 $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		 10.46B 10.28B 10.20B 10.10B 9.39B 8.75B 8.49B 8.11B 8.03B 7.86B
Diluted Earnings per Share		 $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		 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		 10.33B 10.03B 10.20B 10.11B 8.73B 8.63B 8.07B 8.00B 7.87B 7.60B
Cash Dividends to Common per Share		 $0.20 $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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 6,579 6,904 7,656 7,102 7,270 2,838 6,142 6,582 6,380 6,399
Consolidated Net Income / (Loss)		 7,082 7,132 8,161 7,408 7,802 3,144 6,674 6,897 6,896 6,665
Net Income / (Loss) Continuing Operations		 7,082 7,132 8,161 7,408 7,802 3,144 6,674 6,897 6,896 6,665
Total Pre-Tax Income 		8,301 7,897 9,089 8,034 8,095 3,124 7,262 7,560 7,324 7,108
Total Revenue		 24,502 24,532 26,258 25,197 25,167 21,959 25,818 25,377 25,345 25,347
Net Interest Income / (Expense)		 13,765 14,681 14,448 14,158 14,379 13,946 14,032 13,702 13,967 14,359
Total Interest Income		 19,621 25,075 28,655 32,354 33,624 35,629 36,285 36,854 37,491 35,977
Investment Securities Interest Income		 19,621 - 28,655 32,354 33,624 35,629 36,285 36,854 37,491 35,977
Total Interest Expense		 5,856 10,394 14,207 18,196 19,245 21,683 22,253 23,152 23,524 21,618
Total Non-Interest Income		 10,737 9,851 11,810 11,039 10,788 8,013 11,786 11,675 11,378 10,988
Other Service Charges		 7,669 6,799 7,098 7,342 7,463 7,015 7,898 8,377 8,100 8,485
Net Realized & Unrealized Capital Gains on Investments		 3,068 3,052 4,712 3,697 3,325 998 3,888 3,298 3,278 2,503
Provision for Credit Losses		 898 - 931 1,125 1,234 1,104 1,319 1,508 1,542 1,452
Total Non-Interest Expense		 15,303 15,543 16,238 16,038 15,838 17,731 17,237 16,309 16,479 16,787
Salaries and Employee Benefits		 8,887 9,161 9,918 9,401 9,551 9,460 10,195 9,826 9,916 10,245
Net Occupancy & Equipment Expense		 3,323 3,444 3,496 3,420 3,471 3,484 3,611 3,581 3,620 3,708
Marketing Expense		 505 460 458 513 501 455 455 487 504 510
Other Operating Expenses		 2,588 2,478 2,366 2,704 2,315 4,332 2,976 2,415 2,439 2,324
Income Tax Expense		 1,219 765 928 626 293 -20 588 663 428 443
Preferred Stock Dividends Declared		 503 228 505 306 532 306 532 315 516 266
Basic Earnings per Share		 $0.81 $0.86 $0.95 $0.88 $0.91 $0.36 $0.77 $0.83 $0.82 $0.83
Weighted Average Basic Shares Outstanding		 8.11B 8.11B 8.07B 8.04B 8.02B 8.03B 7.97B 7.90B 7.82B 7.86B
Diluted Earnings per Share		 $0.81 $0.85 $0.94 $0.88 $0.90 $0.36 $0.76 $0.83 $0.81 $0.81
Weighted Average Diluted Shares Outstanding		 8.16B 8.17B 8.18B 8.08B 8.08B 8.08B 8.03B 7.96B 7.90B 7.94B
Weighted Average Basic & Diluted Shares Outstanding		 8.02B 8.00B 7.97B 7.95B 7.91B 7.87B 7.82B 7.76B 7.67B 7.60B

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 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		 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		 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		 15,910 17,822 18,232 28,147 27,430 17,894 31,978 27,528 26,515 27,132
Consolidated Net Income / (Loss)		 15,910 17,822 18,232 28,147 27,430 17,894 31,978 27,528 26,515 27,132
Provision For Loan Losses		 3,161 3,597 3,396 3,282 3,590 11,320 -4,594 2,543 4,394 5,821
Depreciation Expense		 1,555 1,511 2,103 2,063 1,729 1,843 1,898 1,978 2,057 2,189
Amortization Expense		 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		 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		 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		 -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		 -55,571 -62,285 -51,541 -71,468 -80,630 -177,665 -313,291 -2,529 -35,387 -90,693
Purchase of Investment Securities		 -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		 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		 -659 -5,742 -14,523 -48,384 -13,466 -29,461 53,338 -16,854 -13,050 8,415
Net Cash From Financing Activities		 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		 48,535 33,153 49,268 53,118 3,377 355,819 291,650 -106,039 93,345 60,369
Net Change in Deposits		 78,347 63,675 48,611 71,931 53,327 360,677 268,966 -134,190 -6,514 41,640
Issuance of Debt		 40,596 31,523 53,486 64,278 56,424 52,120 81,107 69,089 70,558 56,683
Issuance of Preferred Equity		 2,964 2,947 0.00 4,515 3,643 2,181 2,169 4,426 0.00 0.00
Repayment of Debt		 -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		 -2,374 -5,112 -12,814 -20,094 -28,144 -7,025 -25,126 -5,073 -4,576 -13,104
Payment of Dividends		 -3,574 -4,194 -5,700 -6,895 -5,934 -7,727 -8,055 -8,576 -9,087 -9,503
Other Financing Activities, Net		 -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		 -597 240 2,105 -1,200 -368 2,756 -3,408 -3,123 -70 -3,830
Cash Interest Paid		 10,623 10,510 12,852 19,087 22,196 8,662 4,506 18,526 69,604 89,687
Cash Income Taxes Paid		 2,477 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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 6,974 25,227 146,015 -2,665 -21,827 -18,653 -19,669 7,228 -25,043 -5,475
Net Cash From Operating Activities		 13,154 30,998 -11,300 11,786 11,772 32,724 -15,539 18,096 -37,276 25,914
Net Cash From Continuing Operating Activities		 13,154 30,998 -11,300 11,786 11,772 32,724 -15,539 18,096 -37,276 25,914
Net Income / (Loss) Continuing Operations		 7,082 7,132 8,161 7,408 7,802 3,144 6,674 6,897 6,896 6,665
Consolidated Net Income / (Loss)		 7,082 7,132 8,161 7,408 7,802 3,144 6,674 6,897 6,896 6,665
Provision For Loan Losses		 898 1,092 931 1,125 1,234 1,104 1,319 1,508 1,542 1,452
Depreciation Expense		 491 502 503 510 517 527 538 543 549 559
Amortization Expense		 373 210 34 30 91 -552 -352 -42 40 24
Non-Cash Adjustments to Reconcile Net Income		 22 -96,840 928 494 -1,073 46,019 -2,256 1,776 -59,518 57,405
Changes in Operating Assets and Liabilities, net		 4,288 118,902 -21,857 2,219 3,201 -17,518 -21,462 7,414 13,215 -40,191
Net Cash From Investing Activities		 34,761 14,380 30,846 57,884 -59,934 -64,183 -71,322 -1,523 -27,258 9,410
Net Cash From Continuing Investing Activities		 34,761 14,380 30,846 57,884 -59,934 -64,183 -71,322 -1,523 -27,258 9,410
Purchase of Investment Securities		 -33,460 -40,468 -24,926 -27,454 -53,217 -209,382 -156,442 -93,682 -98,950 -102,054
Sale and/or Maturity of Investments		 71,038 47,175 86,276 63,541 26,251 116,574 118,089 113,818 71,646 48,467
Net Increase in Fed Funds Sold		 -2,817 7,673 -30,504 21,797 -32,968 28,625 -32,969 -21,659 46 62,997
Net Cash From Financing Activities		 -37,889 -24,385 126,121 -71,695 27,628 11,291 68,658 -8,300 36,779 -36,768
Net Cash From Continuing Financing Activities		 -37,889 -24,385 126,121 -71,695 27,628 11,291 68,658 -8,300 36,779 -36,768
Net Change in Deposits		 -46,252 -7,756 -19,939 -33,193 7,392 39,226 22,669 -36,005 19,861 35,115
Issuance of Debt		 14,521 13,887 14,319 30,475 21,425 4,339 22,459 16,245 11,512 6,467
Repayment of Debt		 -14,885 -6,956 18,291 -40,559 -9,899 -12,404 -16,607 -19,535 -16,569 -5,126
Repurchase of Preferred Equity		 - - - - - - - - -2,000 -1,400
Repurchase of Common Equity		 -450 -998 -2,215 -550 -1,000 -811 -2,500 -3,535 -3,534 -3,535
Payment of Dividends		 -2,254 -2,105 -2,352 -2,091 -2,411 -2,233 -2,519 -2,216 -2,493 -2,275
Other Financing Activities, Net		 11,431 -19,803 118,017 -25,777 12,121 -16,826 45,156 38,600 30,002 -66,014
Effect of Exchange Rate Changes		 -3,052 4,234 348 -640 -1,293 1,515 -1,466 -1,045 2,712 -4,031

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 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		 31,265 30,719 29,480 29,063 30,152 36,430 29,222 30,334 27,892 26,003
Federal Funds Sold		 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		 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		 7,744 9,861 11,153 7,494 7,107 6,546 7,144 7,259 8,346 6,372
Trading Account Securities		 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		 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		 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		 12,234 11,237 10,393 9,601 9,416 18,802 12,387 12,682 13,342 13,240
Premises and Equipment, Net		 9,485 9,139 9,247 9,906 10,561 11,000 10,833 11,510 11,855 12,168
Goodwill		 69,761 68,969 68,951 68,951 68,951 68,951 69,022 69,022 69,021 69,021
Other Assets		 176,087 196,172 196,666 182,134 185,627 199,424 236,132 218,302 242,756 244,303
Total Liabilities & Shareholders' Equity		 2,144,287 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		 1,888,111 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		 432,153 450,164 444,674 426,647 417,024 668,372 811,646 661,225 547,046 523,858
Interest Bearing Deposits		 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		 174,291 170,291 176,865 186,988 165,109 170,323 192,329 195,635 283,887 331,758
Short-Term Debt		 28,098 23,944 32,666 58,080 24,204 64,847 23,753 26,932 32,098 43,391
Long-Term Debt		 236,764 216,823 227,402 229,392 240,856 262,934 280,117 275,982 302,204 283,279
Other Long-Term Liabilities		 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
Total Equity & Noncontrolling Interests		 256,176 266,195 267,146 265,325 264,810 272,924 270,066 273,197 291,646 295,559
Total Preferred & Common Equity		 256,176 266,195 267,146 265,325 264,810 272,924 270,066 273,197 291,646 295,559
Preferred Stock		 22,273 - - 22,326 23,401 24,510 - - 28,397 23,159
Total Common Equity		 233,903 266,195 267,146 242,999 241,409 248,414 270,066 273,197 263,249 272,400
Common Stock		 151,042 147,038 138,089 118,896 91,723 85,982 62,398 58,953 56,365 45,336
Retained Earnings		 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)		 -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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets		 3,072,953 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
Cash and Due from Banks		 27,802 30,334 29,327 29,651 25,255 27,892 23,550 25,849 24,847 26,003
Federal Funds Sold		 275,247 267,574 298,078 276,281 309,249 280,624 316,093 337,752 337,706 274,709
Interest Bearing Deposits at Other Banks		 177,174 199,869 346,891 343,902 326,471 305,181 289,854 294,783 270,742 264,111
Time Deposits Placed and Other Short-Term Investments		 7,449 7,259 11,637 7,941 7,995 8,346 7,859 8,369 8,151 6,372
Trading Account Securities		 1,253,001 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
Loans and Leases, Net of Allowance		 1,020,164 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
Loans and Leases		 1,032,466 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
Allowance for Loan and Lease Losses		 12,302 12,682 12,514 12,950 13,287 13,342 13,213 14,155 13,251 13,240
Premises and Equipment, Net		 11,117 11,510 11,708 11,688 11,821 11,855 11,901 11,917 12,033 12,168
Goodwill		 69,022 69,022 69,022 69,021 69,021 69,021 69,021 69,021 69,021 69,021
Other Assets		 231,977 218,302 234,363 225,619 227,079 242,756 246,429 239,157 259,587 244,303
Total Liabilities & Shareholders' Equity		 3,072,953 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
Total Liabilities		 2,803,429 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
Non-Interest Bearing Deposits		 718,606 661,225 635,608 588,283 564,609 547,046 541,484 517,610 513,720 523,858
Interest Bearing Deposits		 1,219,491 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
Federal Funds Purchased and Securities Sold		 215,627 195,635 314,380 288,627 300,703 283,887 329,658 368,106 397,958 331,758
Short-Term Debt		 71,200 26,932 56,564 41,017 40,196 32,098 79,296 84,280 81,571 43,391
Long-Term Debt		 269,122 275,982 283,873 286,073 290,359 302,204 296,346 299,611 296,927 283,279
Other Long-Term Liabilities		 309,383 349,301 349,249 346,963 350,179 346,508 328,473 314,118 320,973 342,086
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 269,524 273,197 280,196 283,319 287,064 291,646 293,552 293,892 296,512 295,559
Total Preferred & Common Equity		 269,524 273,197 280,196 283,319 287,064 291,646 293,552 293,892 296,512 295,559
Preferred Stock		 29,134 - - - - 28,397 28,397 26,548 24,554 23,159
Total Common Equity		 240,390 273,197 280,196 283,319 287,064 263,249 265,155 267,344 271,958 272,400
Common Stock		 59,460 58,953 57,264 57,267 56,710 56,365 54,310 51,376 48,338 45,336
Retained Earnings		 201,957 207,003 213,062 218,397 223,749 224,672 228,902 233,597 237,954 242,349
Accumulated Other Comprehensive Income / (Loss)		 -21,027 -21,156 -18,527 -20,742 -21,792 -17,788 -18,057 -17,629 -14,334 -15,285

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -3.41% 0.89% 4.09% 4.47% 0.25% -6.26% 4.19% 6.55% 3.82% 3.35%
EBITDA Growth		 123.15% 11.80% 10.43% 14.61% -5.00% -31.77% 67.25% -16.04% -14.33% 3.70%
EBIT Growth		 178.63% 12.77% 16.75% 18.39% -5.29% -42.01% 78.87% -8.85% -8.48% 3.22%
NOPAT Growth		 188.22% 12.02% 2.30% 54.38% -2.55% -34.76% 78.71% -13.92% -3.68% 2.33%
Net Income Growth		 188.22% 12.02% 2.30% 54.38% -2.55% -34.76% 78.71% -13.92% -3.68% 2.33%
EPS Growth		 211.90% 13.74% 4.70% 67.31% 5.36% -32.00% 90.91% -10.64% -3.45% 4.22%
Operating Cash Flow Growth		 -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		 -21.38% 152.08% -106.33% 226.93% 1,864.00% -205.13% 210.97% -56.84% -191.99% 232.28%
Invested Capital Growth		 0.63% -2.70% 3.99% 4.85% -4.15% 13.37% -4.46% 0.38% 8.65% -0.59%
Revenue Q/Q Growth		 -1.51% 1.07% 0.25% 2.79% -0.36% -2.56% 2.25% 2.67% -2.54% 3.44%
EBITDA Q/Q Growth		 0.27% 4.27% -0.37% 6.52% -1.03% -4.53% 3.85% -5.32% -24.80% 17.31%
EBIT Q/Q Growth		 -4.39% 6.48% 0.82% 7.92% -1.59% -9.74% 5.26% -2.77% -24.42% 15.77%
NOPAT Q/Q Growth		 -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		 -4.08% 9.54% -10.97% 21.15% -1.02% -7.85% 5.07% 0.43% -13.07% 14.91%
EPS Q/Q Growth		 -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		 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		 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		 -1.26% -2.90% -1.23% 5.24% -8.72% 2.83% 0.45% -5.53% 1.35% -7.82%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 32.77% 36.32% 38.53% 42.27% 40.06% 29.16% 46.81% 36.88% 30.43% 30.54%
EBIT Margin		 26.74% 29.89% 33.53% 38.00% 35.90% 22.21% 38.13% 32.62% 28.75% 28.71%
Profit (Net Income) Margin		 19.18% 21.29% 20.93% 30.92% 30.06% 20.92% 35.88% 28.99% 26.90% 26.63%
Tax Burden Percent		 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%
Effective Tax Rate		 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)		 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)		 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)		 3.31% 3.36% 3.31% 5.36% 5.28% 3.49% 6.33% 5.35% 4.98% 4.89%
Return on Equity (ROE)		 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)		 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)		 1.04% 1.16% 1.31% 1.49% 1.37% 0.72% 1.13% 1.00% 0.91% 0.91%
Return on Assets (ROA)		 0.75% 0.82% 0.82% 1.21% 1.15% 0.68% 1.07% 0.89% 0.85% 0.84%
Return on Common Equity (ROCE)		 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)		 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)		 15,910 17,822 18,232 28,147 27,430 17,894 31,978 27,528 26,515 27,132
NOPAT Margin		 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%
SG&A Expenses to Revenue		 52.80% 50.86% 51.04% 48.88% 49.48% 54.71% 57.22% 54.37% 54.91% 55.61%
Operating Expenses to Revenue		 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)		 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)		 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)		 0.61 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)		 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)		 1.72 2.21 2.98 2.28 3.05 2.76 3.75 2.63 2.62 3.29
Price to Earnings (P/E)		 9.92 11.48 15.61 7.77 10.69 14.34 10.94 9.60 10.38 13.14
Dividend Yield		 1.46% 1.36% 1.57% 2.55% 2.14% 2.64% 1.91% 2.76% 2.82% 2.29%
Earnings Yield		 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)		 0.14 0.14 0.26 0.13 0.23 0.00 0.06 0.08 0.00 0.18
Enterprise Value to Revenue (EV/Rev)		 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)		 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)		 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)		 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)		 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)		 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		 1.03 0.90 0.97 1.08 1.00 1.20 1.13 1.11 1.15 1.11
Long-Term Debt to Equity		 0.92 0.81 0.85 0.86 0.91 0.96 1.04 1.01 1.04 0.96
Financial Leverage		 1.08 0.97 0.94 1.03 1.04 1.10 1.16 1.12 1.13 1.13
Leverage Ratio		 8.50 8.29 8.38 8.71 9.03 9.77 11.03 11.45 11.03 10.97
Compound Leverage Factor		 8.50 8.29 8.38 8.71 9.03 9.77 11.03 11.45 11.03 10.97
Debt to Total Capital		 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		 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		 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		 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%
Common Equity to Total Capital		 44.89% 52.51% 50.67% 43.96% 45.56% 41.35% 47.06% 47.42% 42.06% 43.78%
Debt to EBITDA		 9.74 7.92 7.75 7.47 7.25 13.14 7.29 8.65 11.14 10.50
Net Debt to EBITDA		 -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		 8.71 7.13 6.77 5.96 6.59 10.54 6.72 7.88 10.07 9.10
Debt to NOPAT		 16.65 13.51 14.26 10.21 9.66 18.32 9.50 11.00 12.61 12.04
Net Debt to NOPAT		 -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		 14.88 12.17 12.47 8.15 8.78 14.69 8.76 10.03 11.40 10.44
Noncontrolling Interest Sharing Ratio		 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)		 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%
Free Cash Flow to Firm to Interest Expense		 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		 2.69 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		 2.69 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 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 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		 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 0.17 0.17 0.17 0.15 0.15 0.17 0.16 0.16
Increase / (Decrease) in Invested Capital		 3,256 -14,076 20,252 25,583 -22,927 70,835 -26,769 2,175 49,837 -3,719
Enterprise Value (EV)		 70,666 70,173 138,159 71,257 123,209 -102,509 32,192 47,587 -1,131 113,742
Market Capitalization		 143,110 185,229 259,425 207,488 278,012 236,267 334,407 249,709 258,213 335,108
Book Value per Share		 $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		 $15.40 $19.52 $19.00 $17.73 $19.17 $20.75 $24.57 $25.45 $24.54 $26.51
Total Capital		 521,038 506,962 527,214 552,797 529,870 600,705 573,936 576,111 625,948 622,229
Total Debt		 264,862 240,767 260,068 287,472 265,060 327,781 303,870 302,914 334,302 326,670
Total Long-Term Debt		 236,764 216,823 227,402 229,392 240,856 262,934 280,117 275,982 302,204 283,279
Net Debt		 -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
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 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)		 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		 $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		 10.46B 10.28B 10.20B 10.10B 9.39B 8.75B 8.49B 8.11B 8.03B 7.86B
Adjusted Diluted Earnings per Share		 $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		 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 $2.77 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 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)		 15,910 17,822 18,232 28,147 27,430 17,894 31,978 27,528 26,515 27,132
Normalized NOPAT Margin		 19.18% 21.29% 20.93% 30.92% 30.06% 20.92% 35.88% 28.99% 26.90% 26.63%
Pre Tax Income Margin		 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		 2.10 2.51 2.37 1.86 1.47 2.31 7.17 1.54 0.39 0.32
NOPAT to Interest Expense		 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		 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		 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		 22.46% 23.53% 31.26% 24.50% 21.63% 43.18% 25.19% 31.15% 34.27% 35.03%
Augmented Payout Ratio		 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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.63% 11.21% 13.04% 11.06% 2.71% -10.49% -1.68% 0.71% 0.71% 15.43%
EBITDA Growth		 -15.48% 0.88% 3.42% 7.62% -5.04% -68.05% -22.63% -5.98% -9.08% 148.18%
EBIT Growth		 -7.25% 14.98% 14.92% 16.57% -2.48% -65.25% -20.10% -5.90% -9.52% 127.53%
NOPAT Growth		 -7.92% 1.70% 15.48% 18.58% 10.17% -55.92% -18.22% -6.90% -11.61% 111.99%
Net Income Growth		 -7.92% 1.70% 15.48% 18.58% 10.17% -55.92% -18.22% -6.90% -11.61% 111.99%
EPS Growth		 -4.71% 2.41% 17.50% 20.55% 11.11% -57.65% -19.15% -5.68% -10.00% 125.00%
Operating Cash Flow Growth		 34.29% -30.58% 75.13% 333.43% -10.51% 5.57% -37.51% 53.54% -416.65% -20.81%
Free Cash Flow Firm Growth		 -253.25% -85.33% 103.16% 125.78% 100.09% -1,041.96% -2,293.04% -996.16% -174,220.69% 122.24%
Invested Capital Growth		 6.74% 0.38% 1.02% -0.12% 1.27% 8.65% 7.82% 13.06% 9.29% -0.59%
Revenue Q/Q Growth		 8.00% 0.12% 7.04% -4.04% -0.12% -12.75% 17.57% -1.71% -0.13% 0.01%
EBITDA Q/Q Growth		 15.04% 5.85% -0.77% -10.93% 1.50% -64.39% 140.34% 8.23% -1.84% -2.81%
EBIT Q/Q Growth		 20.44% 8.29% 1.11% -11.61% 0.76% -61.41% 132.46% 4.10% -3.12% -2.95%
NOPAT Q/Q Growth		 13.37% 0.71% 14.43% -9.23% 5.32% -59.70% 112.28% 3.34% -0.01% -3.35%
Net Income Q/Q Growth		 13.37% 0.71% 14.43% -9.23% 5.32% -59.70% 112.28% 3.34% -0.01% -3.35%
EPS Q/Q Growth		 10.96% 4.94% 10.59% -6.38% 2.27% -60.00% 111.11% 9.21% -2.41% 0.00%
Operating Cash Flow Q/Q Growth		 360.53% 135.65% -136.45% 204.30% -0.12% 177.98% -147.49% 216.46% -305.99% 169.52%
Free Cash Flow Firm Q/Q Growth		 0.38% 115.79% -61.47% 325.39% -99.64% -161,110.34% 10.29% -73.83% 30.65% 120.56%
Invested Capital Q/Q Growth		 -0.21% -5.53% 7.73% -1.65% 1.18% 1.35% 6.91% 3.13% -2.19% -7.82%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 37.41% 39.54% 36.66% 34.03% 34.58% 14.11% 28.85% 31.77% 31.22% 30.34%
EBIT Margin		 33.88% 36.64% 34.61% 31.88% 32.17% 14.23% 28.13% 29.79% 28.90% 28.04%
Profit (Net Income) Margin		 28.90% 29.07% 31.08% 29.40% 31.00% 14.32% 25.85% 27.18% 27.21% 26.30%
Tax Burden Percent		 85.32% 90.31% 89.79% 92.21% 96.38% 100.64% 91.90% 91.23% 94.16% 93.77%
Interest Burden Percent		 100.00% 87.85% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 14.69% 9.69% 10.21% 7.79% 3.62% -0.64% 8.10% 8.77% 5.84% 6.23%
Return on Invested Capital (ROIC)		 4.53% 4.80% 4.93% 4.84% 5.11% 2.35% 3.93% 4.11% 4.15% 4.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.53% 4.80% 4.93% 4.84% 5.11% 2.35% 3.93% 4.11% 4.15% 4.29%
Return on Net Nonoperating Assets (RNNOA)		 5.34% 5.36% 6.21% 5.86% 6.16% 2.65% 4.91% 5.15% 5.04% 4.83%
Return on Equity (ROE)		 9.86% 10.16% 11.14% 10.70% 11.27% 5.00% 8.84% 9.26% 9.18% 9.13%
Cash Return on Invested Capital (CROIC)		 -1.88% 4.41% 3.62% 4.99% 3.70% -3.88% -3.65% -8.49% -5.23% 4.94%
Operating Return on Assets (OROA)		 1.02% 1.12% 1.05% 1.03% 1.05% 0.45% 0.85% 0.91% 0.88% 0.89%
Return on Assets (ROA)		 0.87% 0.89% 0.95% 0.95% 1.01% 0.45% 0.78% 0.83% 0.83% 0.83%
Return on Common Equity (ROCE)		 9.33% 10.16% 10.59% 10.13% 10.68% 4.75% 8.41% 8.83% 8.80% 8.32%
Return on Equity Simple (ROE_SIMPLE)		 10.17% 0.00% 10.22% 10.51% 10.63% 0.00% 8.53% 8.34% 7.96% 0.00%
Net Operating Profit after Tax (NOPAT)		 7,082 7,132 8,161 7,408 7,802 3,144 6,674 6,897 6,896 6,665
NOPAT Margin		 28.90% 29.07% 31.08% 29.40% 31.00% 14.32% 25.85% 27.18% 27.21% 26.30%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.89% 53.26% 52.83% 52.92% 53.73% 61.02% 55.24% 54.75% 55.40% 57.06%
Operating Expenses to Revenue		 62.46% 63.36% 61.84% 63.65% 62.93% 80.75% 66.76% 64.27% 65.02% 66.23%
Earnings before Interest and Taxes (EBIT)		 8,301 8,989 9,089 8,034 8,095 3,124 7,262 7,560 7,324 7,108
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9,165 9,701 9,626 8,574 8,703 3,099 7,448 8,061 7,913 7,691
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.94 0.91 0.77 0.77 0.73 0.98 1.10 1.14 1.12 1.23
Price to Tangible Book Value (P/TBV)		 1.32 1.22 1.03 1.02 0.96 1.33 1.49 1.54 1.50 1.65
Price to Revenue (P/Rev)		 2.45 2.63 2.21 2.17 2.07 2.62 2.98 3.11 3.09 3.29
Price to Earnings (P/E)		 8.76 9.60 8.00 7.72 7.23 10.38 12.54 13.37 13.87 13.14
Dividend Yield		 3.01% 2.76% 3.22% 3.22% 3.42% 2.82% 2.54% 2.46% 2.50% 2.29%
Earnings Yield		 11.42% 10.42% 12.50% 12.96% 13.83% 9.63% 7.97% 7.48% 7.21% 7.61%
Enterprise Value to Invested Capital (EV/IC)		 0.18 0.08 0.00 0.00 0.00 0.00 0.09 0.07 0.10 0.18
Enterprise Value to Revenue (EV/Rev)		 1.17 0.50 0.00 0.00 0.00 0.00 0.61 0.50 0.67 1.12
Enterprise Value to EBITDA (EV/EBITDA)		 2.93 1.36 0.00 0.00 0.00 0.00 2.14 1.80 2.48 3.66
Enterprise Value to EBIT (EV/EBIT)		 3.41 1.54 0.00 0.00 0.00 0.00 2.25 1.88 2.61 3.89
Enterprise Value to NOPAT (EV/NOPAT)		 3.96 1.73 0.00 0.00 0.00 0.00 2.38 2.00 2.79 4.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.81 0.00 0.00 0.00 0.00 0.00 1.46 1.04 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.69
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.26 1.11 1.22 1.15 1.15 1.15 1.28 1.31 1.28 1.11
Long-Term Debt to Equity		 1.00 1.01 1.01 1.01 1.01 1.04 1.01 1.02 1.00 0.96
Financial Leverage		 1.18 1.12 1.26 1.21 1.21 1.13 1.25 1.25 1.22 1.13
Leverage Ratio		 11.36 11.45 11.76 11.29 11.19 11.03 11.27 11.10 11.10 10.97
Compound Leverage Factor		 11.36 10.06 11.76 11.29 11.19 11.03 11.27 11.10 11.10 10.97
Debt to Total Capital		 55.80% 52.58% 54.85% 53.59% 53.52% 53.41% 56.13% 56.64% 56.07% 52.50%
Short-Term Debt to Total Capital		 11.68% 4.67% 9.11% 6.72% 6.51% 5.13% 11.85% 12.43% 12.08% 6.97%
Long-Term Debt to Total Capital		 44.13% 47.90% 45.74% 46.87% 47.01% 48.28% 44.28% 44.20% 43.99% 45.53%
Preferred Equity to Total Capital		 4.78% 0.00% 0.00% 0.00% 0.00% 4.54% 4.24% 3.92% 3.64% 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%
Common Equity to Total Capital		 39.42% 47.42% 45.15% 46.41% 46.48% 42.06% 39.62% 39.44% 40.29% 43.78%
Debt to EBITDA		 9.20 8.65 8.77 8.17 8.29 11.14 13.50 14.06 14.27 10.50
Net Debt to EBITDA		 -3.98 -5.77 -8.90 -8.26 -8.48 -9.59 -9.41 -10.36 -9.91 -7.86
Long-Term Debt to EBITDA		 7.28 7.88 7.31 7.15 7.28 10.07 10.65 10.97 11.20 9.10
Debt to NOPAT		 12.42 11.00 11.89 10.98 10.84 12.61 15.01 15.66 16.03 12.04
Net Debt to NOPAT		 -5.38 -7.34 -12.07 -11.10 -11.09 -10.85 -10.46 -11.54 -11.14 -9.01
Long-Term Debt to NOPAT		 9.82 10.03 9.92 9.61 9.52 11.40 11.84 12.22 12.58 10.44
Noncontrolling Interest Sharing Ratio		 5.38% 0.00% 4.96% 5.27% 5.23% 5.03% 4.95% 4.60% 4.21% 8.78%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -31,401 4,957 1,910 8,125 29 -46,693 -41,887 -72,813 -50,495 10,384
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -5.36 0.48 0.13 0.45 0.00 -2.15 -1.88 -3.15 -2.15 0.48
Operating Cash Flow to Interest Expense		 2.25 2.98 -0.80 0.65 0.61 1.51 -0.70 0.78 -1.58 1.20
Operating Cash Flow Less CapEx to Interest Expense		 2.25 2.98 -0.80 0.65 0.61 1.51 -0.70 0.78 -1.58 1.20
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 8.48 8.50 8.70 8.85 8.82 8.44 8.31 8.33 8.26 8.48
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 609,846 576,111 620,633 610,409 617,619 625,948 669,194 690,119 675,010 622,229
Invested Capital Turnover		 0.16 0.17 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.16
Increase / (Decrease) in Invested Capital		 38,483 2,175 6,251 -717 7,773 49,837 48,561 79,710 57,391 -3,719
Enterprise Value (EV)		 108,516 47,587 -128,970 -112,693 -129,243 -1,131 59,538 49,051 65,882 113,742
Market Capitalization		 226,732 249,709 216,526 217,992 209,172 258,213 292,855 305,365 304,276 335,108
Book Value per Share		 $29.92 $34.05 $35.01 $35.55 $36.13 $33.26 $33.28 $34.19 $35.05 $35.50
Tangible Book Value per Share		 $21.33 $25.45 $26.38 $26.89 $27.44 $24.54 $24.61 $25.36 $26.15 $26.51
Total Capital		 609,846 576,111 620,633 610,409 617,619 625,948 669,194 677,783 675,010 622,229
Total Debt		 340,322 302,914 340,437 327,090 330,555 334,302 375,642 383,891 378,498 326,670
Total Long-Term Debt		 269,122 275,982 283,873 286,073 290,359 302,204 296,346 299,611 296,927 283,279
Net Debt		 -147,350 -202,122 -345,496 -330,685 -338,415 -287,741 -261,714 -282,862 -262,948 -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
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 340,322 302,914 340,437 327,090 330,555 334,302 375,642 396,227 378,498 326,670
Total Depreciation and Amortization (D&A)		 864 712 537 540 608 -25 186 501 589 583
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.81 $0.86 $0.95 $0.88 $0.91 $0.36 $0.77 $0.83 $0.82 $0.83
Adjusted Weighted Average Basic Shares Outstanding		 8.11B 8.11B 8.07B 8.04B 8.02B 8.03B 7.97B 7.90B 7.82B 7.86B
Adjusted Diluted Earnings per Share		 $0.81 $0.85 $0.94 $0.88 $0.90 $0.36 $0.76 $0.83 $0.81 $0.81
Adjusted Weighted Average Diluted Shares Outstanding		 8.16B 8.17B 8.18B 8.08B 8.08B 8.08B 8.03B 7.96B 7.90B 7.94B
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.02B 8.00B 7.97B 7.95B 7.91B 7.87B 7.82B 7.76B 7.67B 7.60B
Normalized Net Operating Profit after Tax (NOPAT)		 7,082 7,132 8,161 7,408 7,802 2,187 6,674 6,897 6,896 6,665
Normalized NOPAT Margin		 28.90% 29.07% 31.08% 29.40% 31.00% 9.96% 25.85% 27.18% 27.21% 26.30%
Pre Tax Income Margin		 33.88% 32.19% 34.61% 31.88% 32.17% 14.23% 28.13% 29.79% 28.90% 28.04%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 1.42 0.86 0.64 0.44 0.42 0.14 0.33 0.33 0.31 0.33
NOPAT to Interest Expense		 1.21 0.69 0.57 0.41 0.41 0.15 0.30 0.30 0.29 0.31
EBIT Less CapEx to Interest Expense		 1.42 0.86 0.64 0.44 0.42 0.14 0.33 0.33 0.31 0.33
NOPAT Less CapEx to Interest Expense		 1.21 0.69 0.57 0.41 0.41 0.15 0.30 0.30 0.29 0.31
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 30.78% 31.15% 30.42% 29.55% 29.37% 34.27% 36.97% 38.26% 40.07% 35.03%
Augmented Payout Ratio		 73.13% 49.58% 46.62% 43.70% 44.99% 51.53% 56.40% 70.26% 84.03% 83.32%

Frequently Asked Questions About Bank of America's Financials

When does Bank of America's fiscal year end?

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

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

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

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

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

How much debt does Bank of America have?

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

How much cash does Bank of America have?

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

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

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


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This page (NYSE:BAC) was last updated on 4/30/2025 by MarketBeat.com Staff
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