Bank of America Corporation BAC Income Statement

Bank of america corporation (BAC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Interest and Dividend Income, Operating [Abstract]
Loans and leases
-	-	-	33,228	31,918	34,145	36,470	38,880	44,966	50,996	48,703	56,017	55,681
Debt securities
-	-	-	9,167	9,178	9,010	8,203	8,908	9,525	11,667	12,947	13,146	9,784
Federal funds sold and securities borrowed or purchased under agreements to resell
-	-	-	1,118	988	1,039	1,229	1,502	2,147	1,832	2,894	3,313	7,722
Trading account assets
-	-	-	4,423	4,397	4,561	4,706	5,094	5,961	6,841	7,944	9,057	9,417
Other interest income
-	-	-	3,121	3,026	2,959	2,866	3,016	3,637	4,161	5,428	4,151	4,700
Interest and Dividend Income, Operating
71,236	66,769	57,579	51,057	49,507	51,714	53,474	57,400	66,236	75,497	77,916	85,684	87,304
Deposits
-	-	-	1,015	861	1,080	1,396	1,990	3,002	3,997	7,807	15,250	18,093
Short-term borrowings
-	-	-	2,350	2,387	2,579	2,923	3,572	4,599	3,699	5,512	12,362	21,967
Trading account liabilities
-	-	-	1,018	1,343	1,576	1,638	1,763	2,212	2,571	2,075	2,774	3,444
Long-term debt
-	-	-	5,578	5,958	5,700	6,798	9,419	11,807	13,707	15,413	9,938	9,359
Interest Expense
22,345	18,607	12,340	9,961	10,549	10,935	12,755	16,744	21,620	23,974	30,807	40,324	52,863
Net interest income
48,891	48,162	45,239	41,096	38,958	40,779	40,719	40,656	44,616	51,523	47,109	45,360	34,441
Noninterest Income [Abstract]
Fees And Commissions1
33,015	33,078	33,341	-	-	-	-	-	-	-	-	-	-
Card income
-	-	-	5,851	5,959	5,944	5,826	6,121	7,184	8,108	8,353	13,314	14,077
Service charges
-	-	-	7,638	7,381	7,443	7,390	7,600	8,094	9,390	11,038	10,316	8,908
Investment and brokerage services
-	-	-	13,349	13,337	13,284	12,282	11,393	11,826	11,622	11,919	4,972	5,147
Investment banking income
-	-	-	5,241	5,572	6,065	6,126	5,299	5,217	5,520	5,551	2,263	2,345
Equity investment income
-	-	-	-	-	-	2,901	2,070	7,360	5,260	10,014	539	4,064
Market making and similar activities
9,034	9,008	7,102	6,902	6,473	6,309	7,056	5,870	6,697	10,054	12,235	-5,911	-4,889
Mortgage banking income
-	-	-	-	2,364	1,563	3,874	4,750	-8,830	2,734	8,791	4,087	902
Gains on sales of debt securities
-	-	-	-	1,138	1,481	1,380	1,662	3,374	2,526	4,723	1,124	180
Insurance income (loss)
-	-	-	-	-	-	-	-	-	2,066	2,760	1,833	761
Other income
304	772	1,444	3,624	1,783	3,026	-52	-2,087	8,215	2,384	-14	-1,654	1,295
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	360	2,174	3,508	3,461	398
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-61	-1,207	-672	-	0
Net impairment losses recognized in earnings on available-for-sale debt securities
-	-	-	-	-	-	-	-	299	967	2,836	3,461	398
Noninterest Income
42,353	42,858	41,887	42,605	44,007	45,115	46,783	42,678	48,838	58,697	72,534	27,422	32,392
Revenues
91,244	91,020	87,126	83,701	82,965	85,894	87,502	83,334	93,454	110,220	119,643	72,782	66,833
Provision for credit losses
3,590	3,282	3,396	3,597	3,161	2,275	3,556	8,169	13,410	28,435	48,570	26,825	8,385
Noninterest expense
Compensation and benefits
31,977	31,880	31,931	32,018	32,751	33,787	34,719	35,648	36,965	35,149	31,528	18,371	18,753
Occupancy and equipment
6,588	6,380	6,264	4,038	4,093	4,260	4,475	4,570	4,748	4,716	4,906	3,626	3,038
Information processing and communications
4,646	4,555	4,530	-	-	-	-	-	-	-	-	-	-
Product delivery and transaction related
2,762	2,857	3,041	-	-	-	-	-	-	-	-	-	-
Equipment
-	-	-	1,804	2,039	2,125	2,146	2,269	2,340	2,452	2,455	1,655	1,391
Marketing
1,934	1,674	1,746	1,703	1,811	1,829	1,834	1,873	2,203	1,963	1,933	2,368	2,356
Professional fees
1,597	1,699	1,888	1,971	2,264	2,472	2,884	3,574	3,381	2,695	2,281	1,592	1,174
Amortization of intangibles
-	-	-	-	-	936	1,086	1,264	1,509	1,731	1,978	1,834	1,676
Data processing
-	-	-	3,007	3,115	3,144	3,170	2,961	2,652	2,544	2,500	2,546	1,962
Telecommunications
-	-	-	746	823	1,259	1,593	1,660	1,553	1,416	1,420	1,106	1,013
Other general operating
5,396	4,109	5,117	9,796	10,721	25,844	17,306	18,274	21,101	16,222	14,991	7,496	5,751
Goodwill impairment
-	-	-	-	-	-	-	-	3,184	12,400	0	-	-
Merger and restructuring charges
-	-	-	-	-	-	-	-	638	1,820	2,721	935	410
Noninterest Expense
54,900	53,154	54,517	55,083	57,617	75,656	69,213	72,093	80,274	83,108	66,713	41,529	37,524
Income before income taxes
32,754	34,584	29,213	25,021	22,187	7,963	14,733	3,072	-230	-1,323	4,360	4,428	20,924
Income tax expense
5,324	6,437	10,981	7,199	6,277	2,443	4,194	-1,116	-1,676	915	-1,916	420	5,942
Net Income (Loss) Attributable to Parent
27,430	28,147	18,232	17,822	15,910	5,520	10,539	4,188	1,446	-2,238	6,276	4,008	14,982
Preferred Stock Dividends, Income Statement Impact
1,432	1,451	1,614	1,682	1,483	1,044	1,349	1,428	1,361	1,357	8,480	1,452	182
Net Income (Loss) Available to Common Stockholders, Basic
25,998	26,696	16,618	16,140	14,427	4,476	9,190	2,760	85	-3,595	-2,204	2,556	14,800
Earnings Per Share [Abstract]
Earnings Per Share, Basic
2.77	2.64	1.63	1.57	1.38	0.43	0.86	0.26	0.01	-0.37	-0.29	0.54	3.32
Earnings Per Share, Diluted
2.75	2.61	1.56	1.49	1.31	0.42	0.83	0.25	0.01	-0.37	-0.29	0.54	3.29
Dividends paid (in dollars per share)
-	-	-	-	0.20	0.12	0.04	0.04	0.04	0.04	0.04	2.24	2.40
Average common shares issued and outstanding (in shares)
9,390	10,096	10,195	10,284	10,462	10,527	10,731	10,746	10,142	9,790	7,728	4,592	4,423
Weighted Average Number of Shares Outstanding, Diluted
9,442	10,236	10,778	11,046	11,236	10,584	11,491	10,840	10,254	9,790	7,728	4,596	4,463