Bank of america corporation (BAC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Interest and Dividend Income, Operating [Abstract]
Loans and leases

-

-

-

-

-

-

-

-

-

-

9,203

8,920

8,754

8,391

8,358

8,219

8,260

8,006

7,965

7,951

7,996

8,215

8,535

8,635

8,760

9,086

9,146

9,060

9,178

9,366

9,597

9,744

10,173

10,512

11,205

11,320

11,929

12,149

12,485

12,887

13,475

11,405

11,620

12,329

13,349

14,261

13,121

Debt securities

-

-

-

-

-

-

-

-

-

-

2,629

2,594

2,541

2,245

2,144

2,261

2,517

1,953

2,268

3,070

1,887

2,664

2,225

2,124

1,997

901

2,205

2,548

2,549

2,195

2,062

1,905

2,746

2,239

1,729

2,675

2,882

3,029

2,605

2,917

3,116

2,859

2,975

3,283

3,830

3,621

2,900

Federal funds sold and securities borrowed or purchased under agreements to resell

-

-

-

-

-

-

-

-

-

-

659

560

439

315

267

260

276

214

275

268

231

238

239

297

265

304

291

319

315

329

353

360

460

449

584

597

517

486

441

457

448

327

722

690

1,155

912

800

Trading account assets

-

-

-

-

-

-

-

-

-

-

1,091

1,163

1,076

1,093

1,076

1,075

1,179

1,106

1,134

1,074

1,083

1,098

1,111

1,175

1,177

1,139

1,049

1,181

1,337

1,307

1,189

1,246

1,352

1,297

1,500

1,538

1,626

1,661

1,641

1,796

1,743

1,721

1,843

1,952

2,428

2,344

2,229

Other interest income

-

-

-

-

-

-

-

-

-

-

1,075

909

900

821

765

759

776

804

754

742

726

765

748

710

736

736

691

717

722

774

775

737

730

916

835

918

968

965

1,037

1,062

1,097

1,333

1,363

1,338

1,394

1,058

977

Interest and Dividend Income, Operating

16,098

16,926

17,916

18,224

18,170

17,836

16,965

16,369

15,599

15,066

14,657

14,146

13,710

12,865

12,610

12,574

13,008

12,083

12,396

13,105

11,923

12,980

12,858

12,941

12,935

12,166

13,382

13,825

14,101

13,971

13,976

13,992

15,461

15,413

15,853

17,048

17,922

18,290

18,209

19,119

19,879

17,645

18,523

19,592

22,156

22,196

20,027

Deposits

-

-

-

-

-

-

-

-

-

-

624

346

282

279

266

245

225

211

214

216

220

237

270

282

291

314

334

366

382

438

484

519

549

616

704

843

839

894

950

1,031

1,122

1,472

1,710

2,082

2,543

3,846

3,520

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

944

917

647

542

569

626

613

519

597

686

585

616

591

763

609

682

683

809

749

855

893

943

881

921

1,153

1,341

1,184

1,142

848

891

818

658

1,237

1,396

2,221

3,223

3,087

Trading account liabilities

-

-

-

-

-

-

-

-

-

-

319

307

264

240

244

242

292

272

342

335

394

351

392

398

435

364

375

427

472

420

418

448

477

411

547

627

627

561

635

715

660

591

455

450

579

661

749

Long-term debt

-

-

-

-

-

-

-

-

-

-

1,609

1,590

1,459

1,512

1,330

1,343

1,393

1,895

1,343

1,407

1,313

1,314

1,386

1,485

1,515

1,566

1,724

1,674

1,834

1,934

2,243

2,534

2,708

2,764

2,959

2,991

3,093

3,254

3,341

3,582

3,530

3,365

3,698

4,034

4,316

2,824

2,050

Interest Expense

3,968

4,786

5,729

6,035

5,795

5,332

4,904

4,541

3,830

3,032

3,496

3,160

2,652

2,573

2,409

2,456

2,523

2,897

2,496

2,644

2,512

2,518

2,639

2,928

2,850

2,926

3,116

3,276

3,437

3,647

4,038

4,444

4,615

4,712

5,363

5,802

5,743

5,851

5,774

6,219

6,130

6,086

7,100

7,962

9,659

10,554

9,406

Net interest income

12,130

12,140

12,187

12,189

12,375

12,504

12,061

11,828

11,769

12,034

11,161

10,986

11,058

10,292

10,201

10,118

10,485

9,186

9,900

10,461

9,411

10,462

10,219

10,013

10,085

9,240

10,266

10,549

10,664

10,324

9,938

9,548

10,846

10,701

10,490

11,246

12,179

12,439

12,435

12,900

13,749

11,559

11,423

11,630

12,497

11,642

10,621

Noninterest Income [Abstract]
Fees And Commissions1

8,321

8,520

8,467

8,190

7,838

8,345

8,076

8,317

8,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Card income

-

-

-

-

-

-

-

-

-

-

1,429

1,469

1,449

1,502

1,455

1,464

1,430

1,578

1,510

1,477

1,394

1,610

1,500

1,441

1,393

1,503

1,444

1,469

1,410

1,548

1,538

1,578

1,457

1,478

1,911

1,967

1,828

2,127

1,982

2,023

1,976

1,782

1,557

2,149

2,865

3,122

3,451

Service charges

-

-

-

-

-

-

-

-

-

-

1,968

1,977

1,918

1,978

1,952

1,871

1,837

1,862

1,898

1,857

1,764

1,844

1,907

1,866

1,826

1,870

1,884

1,837

1,799

1,820

1,934

1,934

1,912

1,982

2,068

2,012

2,032

2,036

2,212

2,576

2,566

2,756

3,020

2,729

2,533

2,722

2,638

Investment and brokerage services

-

-

-

-

-

-

-

-

-

-

3,437

3,460

3,417

3,806

3,160

3,201

3,182

3,236

3,336

3,387

3,378

3,397

3,327

3,291

3,269

3,117

2,995

3,143

3,027

2,889

2,781

2,847

2,876

2,694

3,022

3,009

3,101

2,879

2,724

2,994

3,025

3,014

2,948

2,994

2,963

1,238

1,322

Investment banking income

-

-

-

-

-

-

-

-

-

-

1,477

1,532

1,584

1,222

1,458

1,408

1,153

1,272

1,287

1,526

1,487

1,541

1,351

1,631

1,542

1,738

1,297

1,556

1,535

1,600

1,336

1,146

1,217

1,013

942

1,684

1,578

1,590

1,371

1,319

1,240

1,596

1,254

1,646

1,055

474

695

Equity investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

357

784

474

1,184

680

563

699

238

368

765

3,227

1,446

1,212

1,475

1,512

357

2,766

625

2,026

843

5,943

1,202

-316

592

Market making and similar activities

2,807

2,214

1,707

2,345

2,768

2,587

1,717

2,151

2,553

978

1,837

1,956

2,331

1,081

2,141

2,018

1,662

963

1,616

1,647

2,247

111

1,899

1,832

2,467

863

1,266

1,938

2,989

792

1,239

1,764

2,075

280

1,604

2,091

2,722

995

2,596

1,227

5,236

1,475

3,395

2,164

5,201

-384

357

Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

589

312

433

262

407

1,001

694

352

272

527

412

848

585

1,178

1,263

-540

2,019

1,659

1,612

2,119

1,617

-13,196

630

-1,419

1,755

898

1,500

1,652

1,298

2,527

3,314

1,674

439

Gains on sales of debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

249

190

265

437

168

268

290

432

382

377

499

356

457

68

171

339

400

752

1,192

737

899

546

872

883

37

734

1,039

1,554

632

1,498

10

127

Insurance income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

400

613

598

75

678

715

703

707

662

688

678

217

Other income

-491

-525

446

360

23

-759

870

253

408

-1,026

530

1,449

491

1,933

628

645

418

479

601

432

271

1,915

293

407

411

-113

253

-80

-112

-695

-928

730

-1,194

1,486

4,511

1,957

261

-1,114

433

1,861

1,204

-1,884

-1,167

724

2,313

-317

-49

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

9

13

51

72

114

63

111

-263

156

462

1,819

837

847

1,110

714

922

-

Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-

-3

-7

-11

9

-29

-18

-23

380

-33

-336

-1,218

-195

-50

-84

-343

0

-

Net impairment losses recognized in earnings on available-for-sale debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

6

6

40

81

85

45

88

117

123

126

601

642

797

1,026

371

922

-

Noninterest Income

10,637

10,209

10,620

10,895

10,629

10,173

10,663

10,721

11,301

8,176

10,678

11,843

11,190

9,698

11,434

11,168

10,305

9,917

11,092

11,495

11,503

9,910

10,990

11,734

12,481

10,808

11,264

12,178

12,533

8,336

10,490

12,420

11,432

14,187

17,963

1,990

14,698

9,959

14,265

16,253

18,220

13,517

14,612

21,144

23,261

7,979

9,789

Revenues

22,767

22,349

22,807

23,084

23,004

22,677

22,724

22,549

23,070

20,210

21,839

22,829

22,248

19,990

21,635

21,286

20,790

19,103

20,992

21,956

20,914

20,372

21,209

21,747

22,566

20,048

21,530

22,727

23,197

18,660

20,428

21,968

22,278

24,888

28,453

13,236

26,877

22,398

26,700

29,153

31,969

25,076

26,035

32,774

35,758

19,621

20,410

Provision for credit losses

4,761

941

779

857

1,013

905

716

827

834

1,001

834

726

835

774

850

976

997

810

806

780

765

219

636

411

1,009

336

296

1,211

1,713

2,204

1,774

1,773

2,418

2,934

3,407

3,255

3,814

5,129

5,396

8,105

9,805

10,110

11,705

13,375

13,380

6,450

5,830

Noninterest expense
Compensation and benefits

8,341

7,977

7,779

7,972

8,249

7,735

7,721

7,944

8,480

7,605

7,811

8,040

8,475

7,740

7,704

7,722

8,852

7,418

7,829

7,890

9,614

7,693

8,039

8,306

9,749

7,987

8,310

8,531

9,891

8,300

8,431

8,729

10,188

8,761

8,865

9,171

10,168

8,800

8,402

8,789

9,158

7,357

7,613

7,790

8,768

5,198

4,420

Occupancy and equipment

1,702

1,680

1,663

1,640

1,605

1,593

1,589

1,591

1,607

3,264

999

1,001

1,000

969

1,005

1,036

1,028

1,011

1,028

1,027

1,027

996

1,070

1,079

1,115

1,116

1,096

1,109

1,154

1,151

1,160

1,117

1,142

1,131

1,183

1,245

1,189

1,212

1,150

1,182

1,172

1,339

1,220

1,219

1,128

926

848

Information processing and communications

1,209

1,162

1,163

1,157

1,164

1,156

1,113

1,121

1,165

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product delivery and transaction related

777

695

696

709

662

708

687

706

756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment

-

-

-

-

-

-

-

-

-

-

416

427

438

447

443

451

463

528

499

500

512

531

514

534

546

526

538

532

550

551

561

546

611

525

616

593

606

607

619

613

613

600

617

616

622

440

372

Marketing

438

524

440

528

442

513

421

395

345

511

461

442

332

460

410

414

419

481

445

445

440

491

446

450

442

457

511

437

429

480

479

449

465

523

556

560

564

484

497

495

487

443

470

499

521

605

571

Professional fees

375

442

386

409

360

480

439

399

381

471

476

485

456

538

536

472

425

676

673

494

421

677

611

626

558

839

702

694

649

996

873

922

783

1,032

937

766

646

883

651

644

517

770

562

544

405

424

362

Amortization of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

186

187

-

207

212

213

228

234

235

239

266

270

274

276

309

315

321

319

365

377

382

385

420

426

439

446

432

510

516

520

464

447

Data processing

-

-

-

-

-

-

-

-

-

-

777

773

794

767

685

717

838

817

731

715

852

796

754

761

833

800

779

779

812

773

640

692

856

688

626

643

695

662

602

632

648

639

592

621

648

755

587

Telecommunications

-

-

-

-

-

-

-

-

-

-

170

177

191

195

189

189

173

240

210

202

171

254

311

324

370

376

397

411

409

433

410

417

400

386

405

391

371

366

361

359

330

387

361

345

327

288

266

Other general operating

633

759

3,042

853

742

889

1,044

1,068

1,108

-2,211

2,284

2,637

2,407

2,731

2,328

2,306

2,431

3,354

2,317

2,473

2,577

3,069

8,163

6,226

8,386

4,939

3,786

3,251

5,330

5,367

4,675

3,855

4,377

5,429

3,872

6,343

5,457

5,060

3,687

3,592

3,883

3,885

3,767

4,041

3,298

2,313

1,574

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,603

-

-

10,400

-

-

-

-

-

-

-

-

Merger and restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

176

159

202

370

421

508

521

533

594

829

765

247

212

Noninterest Expense

13,475

13,239

15,169

13,268

13,224

13,074

13,014

13,224

13,842

13,048

13,394

13,982

14,093

13,293

13,481

13,493

14,816

13,893

13,939

13,958

15,827

14,735

20,142

18,541

22,238

17,306

16,389

16,018

19,500

18,360

17,544

17,048

19,141

19,522

17,613

22,856

20,283

20,864

27,216

17,253

17,775

16,385

16,306

17,020

17,002

11,660

9,659

Income before income taxes

4,531

8,169

6,859

8,959

8,767

8,698

8,994

8,498

8,394

6,161

7,611

8,121

7,320

5,923

7,304

6,817

4,977

4,400

6,247

7,218

4,322

5,418

431

2,795

-681

2,406

4,845

5,498

1,984

-1,904

1,110

3,147

719

2,432

7,433

-12,875

2,780

-3,595

-5,912

3,795

4,389

-1,419

-1,976

2,379

5,376

1,511

4,921

Income tax expense

521

1,175

1,082

1,611

1,456

1,420

1,827

1,714

1,476

3,796

2,187

3,015

1,983

1,311

2,349

2,034

1,505

1,340

1,628

2,084

1,225

1,681

663

504

-405

-141

2,348

1,486

501

-2,636

770

684

66

441

1,201

-4,049

731

-2,351

1,387

672

1,207

-1,225

-975

-845

1,129

334

1,511

Net Income (Loss) Attributable to Parent

4,010

6,994

5,777

7,348

7,311

7,278

7,167

6,784

6,918

2,365

5,424

5,106

5,337

4,612

4,955

4,783

3,472

3,060

4,619

5,134

3,097

3,737

-232

2,291

-276

2,547

2,497

4,012

1,483

732

340

2,463

653

1,991

6,232

-8,826

2,049

-1,244

-7,299

3,123

3,182

-194

-1,001

3,224

4,247

1,177

3,410

Preferred Stock Dividends, Income Statement Impact

469

246

505

239

442

239

466

318

428

286

465

361

502

361

503

361

457

330

441

330

382

312

238

256

238

256

279

441

373

365

373

365

325

407

343

301

310

321

348

340

348

9,092

-1,240

-805

1,433

473

186

Net Income (Loss) Available to Common Stockholders, Basic

3,541

6,748

5,272

7,109

6,869

7,039

6,701

6,466

6,490

2,079

4,959

4,745

4,835

4,251

4,452

4,422

3,015

2,730

4,178

4,804

2,715

3,425

-470

2,035

-514

2,291

2,218

3,571

1,110

367

-33

2,098

328

1,584

5,889

-9,127

1,739

-1,565

-7,647

2,783

2,834

-5,196

-2,241

2,419

2,814

704

3,224

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.40

0.74

0.57

0.75

0.71

0.70

0.67

0.64

0.63

0.19

0.49

0.47

0.48

0.42

0.43

0.43

0.29

0.26

0.40

0.46

0.26

0.33

-0.04

0.19

-0.05

0.22

0.21

0.33

0.10

0.04

0.00

0.19

0.03

0.16

0.58

-0.90

0.17

-0.16

-0.77

0.28

0.28

-0.80

-0.26

0.33

0.44

0.15

0.72

Earnings Per Share, Diluted

0.40

0.75

0.56

0.74

0.70

0.70

0.66

0.63

0.62

0.21

0.46

0.44

0.45

0.39

0.41

0.41

0.28

0.25

0.38

0.43

0.25

0.32

-0.04

0.19

-0.05

0.21

0.20

0.32

0.10

0.03

0.00

0.19

0.03

0.18

0.56

-0.90

0.17

-0.15

-0.77

0.27

0.28

-0.80

-0.26

0.33

0.44

0.15

0.72

Dividends paid (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.12

0.07

0.07

-

0.07

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.64

0.64

Average common shares issued and outstanding (in shares)

8,815

9,009

9,303

9,523

9,725

9,850

10,031

10,181

10,322

10,471

10,197

10,013

10,099

10,187

10,250

10,328

10,370

10,397

10,444

10,488

10,518

10,515

10,515

10,519

10,560

10,630

10,718

10,775

10,798

10,780

10,776

10,775

10,651

10,283

10,116

10,094

10,075

10,051

9,976

9,956

9,177

8,668

8,633

7,241

6,370

4,543

4,435

Weighted Average Number of Shares Outstanding, Diluted

8,862

9,071

9,353

9,559

9,787

9,994

10,170

10,309

10,472

10,612

10,746

10,834

10,919

11,027

11,000

11,059

11,100

11,243

11,197

11,238

11,266

9,996

10,515

11,265

10,560

11,804

11,482

11,524

11,154

10,269

10,776

11,556

10,761

10,278

10,464

10,094

10,181

9,150

9,976

10,029

10,005

8,617

8,633

7,269

6,393

4,547

4,444