Bank of America Corporation BAC Income Statement

Bank of america corporation (BAC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest and Dividend Income, Operating [Abstract]
Loans and leases
-	-	-	-	-	-	-	-	-	-	35,268	34,423	33,722	33,228	32,843	32,450	32,182	31,918	32,127	32,697	33,381	34,145	35,016	35,627	36,052	36,470	36,750	37,201	37,885	38,880	40,026	41,634	43,210	44,966	46,603	47,883	49,450	50,996	50,252	49,387	48,829	48,703	51,559	53,060	0	0	0
Debt securities
-	-	-	-	-	-	-	-	-	-	10,009	9,524	9,191	9,167	8,875	8,999	9,808	9,178	9,889	9,846	8,900	9,010	7,247	7,227	7,651	8,203	9,497	9,354	8,711	8,908	8,952	8,619	9,389	9,525	10,315	11,191	11,433	11,667	11,497	11,867	12,233	12,947	13,709	13,634	0	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell
-	-	-	-	-	-	-	-	-	-	1,973	1,581	1,281	1,118	1,017	1,025	1,033	988	1,012	976	1,005	1,039	1,105	1,157	1,179	1,229	1,254	1,316	1,357	1,502	1,622	1,853	2,090	2,147	2,184	2,041	1,901	1,832	1,673	1,954	2,187	2,894	3,479	3,557	0	0	0
Trading account assets
-	-	-	-	-	-	-	-	-	-	4,423	4,408	4,320	4,423	4,436	4,494	4,493	4,397	4,389	4,366	4,467	4,561	4,602	4,540	4,546	4,706	4,874	5,014	5,079	5,094	5,084	5,395	5,687	5,961	6,325	6,466	6,724	6,841	6,901	7,103	7,259	7,944	8,567	8,953	0	0	0
Other interest income
-	-	-	-	-	-	-	-	-	-	3,705	3,395	3,245	3,121	3,104	3,093	3,076	3,026	2,987	2,981	2,949	2,959	2,930	2,873	2,880	2,866	2,904	2,988	3,008	3,016	3,158	3,218	3,399	3,637	3,686	3,888	4,032	4,161	4,529	4,855	5,131	5,428	5,153	4,767	0	0	0
Interest and Dividend Income, Operating
69,164	71,236	72,146	71,195	69,340	66,769	63,999	61,691	59,468	57,579	55,378	53,331	51,759	51,057	50,275	50,061	50,592	49,507	50,404	50,866	50,702	51,714	50,900	51,424	52,308	53,474	55,279	55,873	56,040	57,400	58,842	60,719	63,775	66,236	69,113	71,469	73,540	75,497	74,852	75,166	75,639	77,916	82,467	83,971	0	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	1,531	1,173	1,072	1,015	947	895	866	861	887	943	1,009	1,080	1,157	1,221	1,305	1,396	1,520	1,670	1,823	1,990	2,168	2,388	2,712	3,002	3,280	3,526	3,714	3,997	4,575	5,335	6,386	7,807	10,181	11,991	0	0	0
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	3,050	2,675	2,384	2,350	2,327	2,355	2,415	2,387	2,484	2,478	2,555	2,579	2,645	2,737	2,783	2,923	3,096	3,306	3,440	3,572	3,638	3,898	4,296	4,599	4,820	4,515	4,065	3,699	3,215	3,604	4,109	5,512	8,077	9,927	0	0	0
Trading account liabilities
-	-	-	-	-	-	-	-	-	-	1,130	1,055	990	1,018	1,050	1,148	1,241	1,343	1,422	1,472	1,535	1,576	1,589	1,572	1,601	1,638	1,694	1,737	1,758	1,763	1,754	1,883	2,062	2,212	2,362	2,450	2,538	2,571	2,601	2,421	2,156	2,075	2,145	2,439	0	0	0
Long-term debt
-	-	-	-	-	-	-	-	-	-	6,170	5,891	5,644	5,578	5,961	5,974	6,038	5,958	5,377	5,420	5,498	5,700	5,952	6,290	6,479	6,798	7,166	7,685	8,545	9,419	10,249	10,965	11,422	11,807	12,297	12,679	13,270	13,707	13,818	14,175	14,627	15,413	14,872	13,224	0	0	0
Interest Expense
20,518	22,345	22,891	22,066	20,572	18,607	16,307	14,899	13,518	12,340	11,881	10,794	10,090	9,961	10,285	10,372	10,560	10,549	10,170	10,313	10,597	10,935	11,343	11,820	12,168	12,755	13,476	14,398	15,566	16,744	17,809	19,134	20,492	21,620	22,759	23,170	23,587	23,974	24,209	25,535	27,278	30,807	35,275	37,581	0	0	0
Net interest income
48,646	48,891	49,255	49,129	48,768	48,162	47,692	46,792	45,950	45,239	43,497	42,537	41,669	41,096	39,990	39,689	40,032	38,958	40,234	40,553	40,105	40,779	39,557	39,604	40,140	40,719	41,803	41,475	40,474	40,656	41,033	41,585	43,283	44,616	46,354	48,299	49,953	51,523	50,643	49,631	48,361	47,109	47,192	46,390	0	0	0
Noninterest Income [Abstract]
Fees And Commissions1
33,498	33,015	32,840	32,449	32,576	33,078	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card income
-	-	-	-	-	-	-	-	-	-	5,849	5,875	5,870	5,851	5,927	5,982	5,995	5,959	5,991	5,981	5,945	5,944	5,837	5,781	5,809	5,826	5,871	5,965	6,074	6,121	6,051	6,424	6,813	7,184	7,833	7,904	7,960	8,108	7,763	7,338	7,464	8,353	9,693	11,587	0	0	0
Service charges
-	-	-	-	-	-	-	-	-	-	7,841	7,825	7,719	7,638	7,522	7,468	7,454	7,381	7,363	7,372	7,381	7,443	7,469	7,446	7,417	7,390	7,340	7,390	7,487	7,600	7,762	7,896	7,974	8,094	8,148	8,292	8,856	9,390	10,110	10,918	11,071	11,038	11,004	10,622	0	0	0
Investment and brokerage services
-	-	-	-	-	-	-	-	-	-	14,120	13,843	13,584	13,349	12,779	12,955	13,141	13,337	13,498	13,489	13,393	13,284	13,004	12,672	12,524	12,282	12,054	11,840	11,544	11,393	11,198	11,439	11,601	11,826	12,011	11,713	11,698	11,622	11,757	11,981	11,981	11,919	10,143	8,517	0	0	0
Investment banking income
-	-	-	-	-	-	-	-	-	-	5,815	5,796	5,672	5,241	5,291	5,120	5,238	5,572	5,841	5,905	6,010	6,065	6,262	6,208	6,133	6,126	5,988	6,027	5,617	5,299	4,712	4,318	4,856	5,217	5,794	6,223	5,858	5,520	5,526	5,409	5,736	5,551	4,429	3,870	0	0	0
Equity investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,624	2,799	3,122	2,901	3,126	2,180	1,868	2,070	4,598	5,806	6,650	7,360	5,645	4,556	6,110	5,260	5,774	6,260	9,437	10,014	7,672	7,421	0	0	0
Market making and similar activities
9,073	9,034	9,407	9,417	9,223	9,008	7,399	7,519	7,324	7,102	7,205	7,509	7,571	6,902	6,784	6,259	5,888	6,473	5,621	5,904	6,089	6,309	7,061	6,428	6,534	7,056	6,985	6,958	6,784	5,870	5,358	5,723	6,050	6,697	7,412	8,404	7,540	10,054	10,534	11,333	12,270	12,235	10,376	7,338	0	0	0
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,596	1,414	2,103	2,364	2,454	2,319	1,845	1,563	2,059	2,372	3,023	3,874	2,486	3,920	4,401	4,750	7,409	7,007	-7,848	-8,830	-12,368	-12,230	1,864	2,734	5,805	5,348	6,977	8,791	8,813	7,954	0	0	0
Gains on sales of debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	755	1,141	1,060	1,138	1,163	1,158	1,372	1,481	1,690	1,614	1,689	1,380	1,052	1,035	978	1,662	2,683	3,081	3,580	3,374	3,054	3,200	2,338	2,526	2,693	3,364	3,959	4,723	3,694	2,267	0	0	0
Insurance income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,801	1,686	1,964	2,066	2,171	2,803	2,787	2,760	2,735	2,245	0	0	0
Other income
-210	304	70	494	387	772	505	165	1,361	1,444	4,403	4,501	3,697	3,624	2,170	2,143	1,930	1,783	3,219	2,911	2,886	3,026	998	958	471	-52	-634	-1,815	-1,005	-2,087	94	5,533	6,760	8,215	5,615	1,537	1,441	2,384	1,614	14	-1,123	-14	1,553	2,671	0	0	0
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	145	250	300	360	25	67	466	2,174	3,274	3,965	4,613	3,508	3,593	0	0	0	-
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-12	-38	-49	-61	310	306	-12	-1,207	-1,782	-1,799	-1,547	-672	0	0	0	0	-
Net impairment losses recognized in earnings on available-for-sale debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	133	212	251	299	335	373	454	967	1,492	2,166	3,066	2,836	3,116	0	0	0	-
Noninterest Income
42,361	42,353	42,317	42,360	42,186	42,858	40,861	40,876	41,998	41,887	43,409	44,165	43,490	42,605	42,824	42,482	42,809	44,007	44,000	43,898	44,137	45,115	46,013	46,287	46,731	46,783	44,311	43,537	43,779	42,678	48,529	56,002	45,572	48,838	44,610	40,912	55,175	58,697	62,255	62,602	67,493	72,534	66,996	62,173	0	0	0
Revenues
91,007	91,244	91,572	91,489	90,954	91,020	88,553	87,668	87,948	87,126	86,906	86,702	85,159	83,701	82,814	82,171	82,841	82,965	84,234	84,451	84,242	85,894	85,570	85,891	86,871	87,502	86,114	85,012	84,253	83,334	89,562	97,587	88,855	93,454	90,964	89,211	105,128	110,220	112,898	112,233	115,854	119,643	114,188	108,563	0	0	0
Provision for credit losses
7,338	3,590	3,554	3,491	3,461	3,282	3,378	3,496	3,395	3,396	3,169	3,185	3,435	3,597	3,633	3,589	3,393	3,161	2,570	2,400	2,031	2,275	2,392	2,052	2,852	3,556	5,424	6,902	7,464	8,169	8,899	10,532	12,014	13,410	15,605	17,594	22,444	28,435	33,416	39,725	44,995	48,570	44,910	39,035	0	0	0
Noninterest expense
Compensation and benefits
32,069	31,977	31,735	31,677	31,649	31,880	31,750	31,840	31,936	31,931	32,066	31,959	31,641	32,018	31,696	31,821	31,989	32,751	33,026	33,236	33,652	33,787	34,081	34,352	34,577	34,719	35,032	35,153	35,351	35,648	36,109	36,543	36,985	36,965	37,004	36,541	36,159	35,149	33,706	32,917	31,918	31,528	29,369	26,176	0	0	0
Occupancy and equipment
6,685	6,588	6,501	6,427	6,378	6,380	8,051	7,461	6,871	6,264	3,969	3,975	4,010	4,038	4,080	4,103	4,094	4,093	4,078	4,120	4,172	4,260	4,380	4,406	4,436	4,475	4,510	4,574	4,582	4,570	4,550	4,573	4,701	4,748	4,829	4,796	4,733	4,716	4,843	4,913	4,950	4,906	4,493	4,121	0	0	0
Information processing and communications
4,691	4,646	4,640	4,590	4,554	4,555	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product delivery and transaction related
2,877	2,762	2,775	2,766	2,763	2,857	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment
-	-	-	-	-	-	-	-	-	-	1,728	1,755	1,779	1,804	1,885	1,941	1,990	2,039	2,042	2,057	2,091	2,125	2,120	2,144	2,142	2,146	2,171	2,194	2,208	2,269	2,243	2,298	2,345	2,340	2,422	2,425	2,445	2,452	2,445	2,443	2,446	2,455	2,295	2,050	0	0	0
Marketing
1,930	1,934	1,923	1,904	1,771	1,674	1,672	1,712	1,759	1,746	1,695	1,644	1,616	1,703	1,724	1,759	1,790	1,811	1,821	1,822	1,827	1,829	1,795	1,860	1,847	1,834	1,857	1,825	1,837	1,873	1,916	1,993	2,104	2,203	2,164	2,105	2,040	1,963	1,922	1,895	1,899	1,933	2,095	2,196	0	0	0
Professional fees
1,612	1,597	1,635	1,688	1,678	1,699	1,690	1,727	1,813	1,888	1,955	2,015	2,002	1,971	2,109	2,246	2,268	2,264	2,265	2,203	2,335	2,472	2,634	2,725	2,793	2,884	3,041	3,212	3,440	3,574	3,610	3,674	3,518	3,381	3,232	2,946	2,824	2,695	2,582	2,493	2,393	2,281	1,935	1,735	0	0	0
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	756	782	808	-	860	887	910	936	974	1,010	1,049	1,086	1,129	1,174	1,221	1,264	1,320	1,382	1,443	1,509	1,564	1,613	1,670	1,731	1,743	1,827	1,904	1,978	2,010	1,947	0	0	0
Data processing
-	-	-	-	-	-	-	-	-	-	3,111	3,019	2,963	3,007	3,057	3,103	3,101	3,115	3,094	3,117	3,163	3,144	3,148	3,173	3,191	3,170	3,143	3,004	2,917	2,961	2,876	2,862	2,813	2,652	2,626	2,602	2,591	2,544	2,521	2,511	2,500	2,500	2,616	2,611	0	0	0
Telecommunications
-	-	-	-	-	-	-	-	-	-	733	752	764	746	791	812	825	823	837	938	1,060	1,259	1,381	1,467	1,554	1,593	1,650	1,663	1,669	1,660	1,613	1,608	1,582	1,553	1,533	1,489	1,457	1,416	1,437	1,437	1,423	1,420	1,321	1,226	0	0	0
Other general operating
5,287	5,396	5,526	3,528	3,743	4,109	1,009	2,249	3,818	5,117	10,059	10,103	9,772	9,796	10,419	10,408	10,575	10,721	10,436	16,282	20,035	25,844	27,714	23,337	20,362	17,306	17,734	18,623	19,227	18,274	18,336	17,533	20,021	21,101	20,732	20,547	17,796	16,222	15,047	15,127	15,576	14,991	13,419	11,226	0	0	0
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-
Merger and restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	638	907	1,152	1,501	1,820	1,983	2,156	2,477	2,721	2,435	2,053	0	0	0
Noninterest Expense
55,151	54,900	54,735	52,580	52,536	53,154	53,128	53,508	54,266	54,517	54,762	54,849	54,360	55,083	55,683	56,141	56,606	57,617	58,459	64,662	69,245	75,656	78,227	74,474	71,951	69,213	70,267	71,422	72,452	72,093	73,255	73,324	79,132	80,274	81,616	91,219	85,616	83,108	78,629	67,719	67,486	66,713	61,988	55,341	0	0	0
Income before income taxes
28,518	32,754	33,283	35,418	34,957	34,584	32,047	30,664	30,287	29,213	28,975	28,668	27,364	25,021	23,498	22,441	22,842	22,187	23,205	17,389	12,966	7,963	4,951	9,365	12,068	14,733	10,423	6,688	4,337	3,072	7,408	13,731	-2,291	-230	-6,257	-19,602	-2,932	-1,323	853	4,789	3,373	4,360	7,290	14,187	0	0	0
Income tax expense
4,389	5,324	5,569	6,314	6,417	6,437	8,813	9,173	10,474	10,981	8,496	8,658	7,677	7,199	7,228	6,507	6,557	6,277	6,618	5,653	4,073	2,443	621	2,306	3,288	4,194	1,699	121	-681	-1,116	1,961	2,392	-2,341	-1,676	-4,468	-4,282	439	915	2,041	-321	-1,838	-1,916	-357	2,129	0	0	0
Net Income (Loss) Attributable to Parent
24,129	27,430	27,714	29,104	28,540	28,147	23,234	21,491	19,813	18,232	20,479	20,010	19,687	17,822	16,270	15,934	16,285	15,910	16,587	11,736	8,893	5,520	4,330	7,059	8,780	10,539	8,724	6,567	5,018	4,188	5,447	11,339	50	1,446	-1,789	-15,320	-3,371	-2,238	-1,188	5,110	5,211	6,276	7,647	12,058	0	0	0
Preferred Stock Dividends, Income Statement Impact
1,459	1,432	1,425	1,386	1,465	1,451	1,498	1,497	1,540	1,614	1,689	1,727	1,727	1,682	1,651	1,589	1,558	1,483	1,465	1,262	1,188	1,044	988	1,029	1,214	1,349	1,458	1,552	1,476	1,428	1,470	1,440	1,376	1,361	1,275	1,280	1,319	1,357	10,128	8,540	7,395	8,480	-139	1,287	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
22,670	25,998	26,289	27,718	27,075	26,696	21,736	19,994	18,273	16,618	18,790	18,283	17,960	16,140	14,619	14,345	14,727	14,427	15,122	10,474	7,705	4,476	3,342	6,030	7,566	9,190	7,266	5,015	3,542	2,760	3,977	9,899	-1,326	85	-3,064	-16,600	-4,690	-3,595	-7,226	-1,820	-2,184	-2,204	3,696	9,161	0	0	0
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