Bank of America Corporation

NYSE BAC-PS

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Bank of America Corporation Income Statement 2002 - 2024

This table shows the Income Statement for Bank of America Corporation going from 2002 until 2024. The income statement, also known as the profit and loss statement, is a financial statement that provides a summary of a company's revenues, expenses, and net income over a specific period (such as a quarter or a year). It shows the company's ability to generate revenue, manage expenses, and ultimately determine its profitability.
Income Statement Trend Unit 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-12-31
Revenue
M 48,071 20,855 23,933 24,072 25,327 24,532 24,502 22,688 23,228 22,060 22,766 21,466 22,821 20,099 20,336 22,326 22,767 22,349 22,807 23,084 23,004 22,736 22,777 22,609 23,125 20,436 21,839 22,829 22,248 19,990 21,635 20,398 19,512 19,490 20,713 22,029 21,175 18,745 21,200 21,390 21,782 21,014 20,346 22,047 22,634 16,538 20,434 21,606 21,553 21,443 27,092 12,069 25,490 35,814 19,427 26,513 31,945 20,856 25,989 26,831 34,556 12,937 19,621 20,315 17,003 8,608 15,929 19,563 18,155 15,297 18,184 18,221 17,691 13,518 14,636 14,340 14,681 13,896 13,292 13,816 10,013 9,768 9,976 9,916 9,167 9,108
Cost of Revenue
M 13,583 - 12,236 12,398 12,656 18,643 11,835 11,833 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Gross Profit
M 34,488 20,855 11,697 24,072 12,671 24,532 12,667 10,855 23,228 22,060 22,766 21,466 22,821 20,099 20,336 22,326 22,767 22,349 22,807 23,084 23,004 22,736 22,777 22,609 23,125 20,436 21,839 22,829 22,248 19,990 21,635 20,398 19,512 19,490 20,713 22,029 21,175 18,745 21,200 21,390 21,782 21,014 20,346 22,047 22,634 16,538 20,434 21,606 21,553 21,443 27,092 12,069 25,490 35,814 19,427 26,513 31,945 20,856 25,989 26,831 34,556 12,937 19,621 20,315 17,003 8,608 15,929 19,563 18,155 15,297 18,184 18,221 17,691 13,518 14,636 14,340 14,681 13,896 13,292 13,816 10,013 9,768 9,976 9,916 9,167 9,108
Operating Expenses
M 27,226 17,731 3,602 16,038 3,582 6,241 -1,490 -4,765 14,027 13,098 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Selling, General, and Administrative Expenses (SG&A)
M 12,472 2,240 2,221 2,171 2,234 10,086 10,058 10,085 10,239 9,602 9,492 9,626 10,509 8,807 9,582 8,659 8,974 8,736 10,821 8,825 8,991 10,698 10,771 11,053 11,715 11,101 10,636 11,211 12,460 10,571 10,906 10,934 12,294 11,112 10,955 11,140 12,712 11,273 17,267 15,617 19,338 8,003 13,272 12,972 16,442 16,570 13,667 13,693 15,821 9,664 13,768 16,548 16,691 14,888 13,052 13,372 14,019 11,843 12,333 12,797 13,041 15,175 5,198 4,420 4,726 13,034 4,169 4,737 5,025 11,701 4,474 4,480 4,813 3,845 3,837 3,671 3,701 3,532 3,540 3,639 2,762 2,697 2,595 2,695 2,459 2,482
Research and Development (R&D) Expenses
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other Operating Expenses
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Costs and Expenses
M -8,352 - 3,602 3,640 3,582 -24,884 -2,804 -2,361 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Operating Income
M 7,262 3,124 8,095 8,034 9,089 18,291 14,157 15,620 9,201 8,962 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Interest Expense
M 22,253 21,683 19,245 18,196 14,207 10,394 5,856 2,531 1,322 1,144 1,242 1,154 1,198 1,208 1,357 1,692 3,968 4,786 5,729 6,035 5,795 5,532 5,095 4,719 3,991 3,604 3,496 3,160 2,652 2,573 2,409 2,455 2,524 2,897 2,496 2,644 2,512 2,517 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 6,231 6,130 6,086 7,100 7,962 9,659 8,496 10,554 9,406 11,868 14,315 13,418 12,846 12,292 11,892 12,086 10,667 9,349 8,532 7,436 6,641 5,280 4,379 3,853 3,427 2,771 2,482 2,551 2,630 2,516 2,747
Non-operating Income/Expense
M 7,262 3,124 10,589 8,034 10,930 -10,394 -5,856 -8,728 -1,322 -1,144 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
EBT
M 7,262 3,124 8,095 8,034 9,089 7,897 8,301 6,892 7,879 7,818 8,950 8,042 9,166 6,119 4,546 3,799 4,531 8,169 6,859 8,959 8,767 8,698 8,994 8,498 8,394 6,405 7,866 8,377 6,565 6,055 7,304 5,929 3,699 4,847 6,069 7,519 4,742 4,310 431 2,795 -681 3,845 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 -3,802 1,511 4,921 1,798 -915 5,356 8,660 7,823 7,823 8,156 8,497 7,497 4,798 6,192 6,446 7,044 5,775 5,648 5,826 3,971 3,903 4,255 4,086 3,617 3,111
Income Tax Provision
M 588 20 293 626 928 765 1,219 645 812 805 1,259 -1,182 1,116 649 -335 266 521 1,175 1,082 1,611 1,456 1,420 1,827 1,714 1,476 3,885 2,279 3,108 1,709 1,359 2,349 1,697 1,019 1,511 1,561 2,199 1,385 1,260 663 504 -405 406 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 -2,013 334 1,511 588 -1,183 1,658 2,899 2,568 2,567 2,740 3,022 2,511 1,451 2,065 2,150 2,349 1,926 1,884 1,977 1,291 1,177 1,333 1,348 1,193 497
Income after Tax
M 6,674 3,104 7,802 7,408 8,161 7,132 7,082 6,247 7,067 7,013 7,691 9,224 8,050 5,470 4,881 3,533 4,010 6,994 5,777 7,348 7,311 7,278 7,167 6,784 6,918 2,520 5,587 5,269 4,856 4,696 4,955 4,232 2,680 3,336 4,508 5,320 3,357 3,050 -232 2,291 -276 3,439 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 -1,789 1,177 3,410 1,210 268 3,698 5,761 5,255 5,256 5,416 5,475 4,986 3,347 4,127 4,296 4,695 3,849 3,764 3,849 2,680 2,726 2,922 2,738 2,424 2,614
Non-Controlling Interest
M - - 532 138 505 228 503 315 467 240 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Net Income
M - - 7,270 7,270 7,656 6,904 6,579 5,932 6,600 6,773 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Basic, Weighted)
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Diluted, Weighted)
R 8,031,400,000.00 8,062,500,000.00 8,075,900,000.00 8,080,700,000.00 8,182,300,000.00 8,155,700,000.00 8,160,800,000.00 8,163,100,000.00 8,062,102,236.00 8,077,831,463.00 8,241,243,911.00 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
EBITDA
M -532 3,626 8,612 8,544 9,592 18,793 14,648 16,111 9,695 9,457 10,665 9,665 10,825 7,814 6,379 5,939 8,931 13,394 13,026 15,428 14,980 14,754 14,604 13,730 12,896 10,524 11,885 12,068 9,751 9,177 10,277 8,946 6,789 8,327 9,160 10,766 7,862 7,469 3,695 6,349 2,798 7,433 8,619 9,450 6,108 2,479 5,900 8,354 6,121 7,989 13,667 -6,196 9,415 3,206 826 11,012 11,531 5,680 6,220 11,448 16,133 5,582 12,927 15,122 14,440 14,199 19,484 22,177 20,779 20,427 20,961 19,884 17,564 13,769 14,067 13,529 12,772 10,612 9,947 9,722 7,005 6,669 7,074 6,993 6,411 6,135
Depreciation and Amortization
M 538 502 517 510 503 502 491 491 494 495 473 469 461 487 476 448 432 439 438 434 418 524 515 513 511 515 523 531 534 549 564 562 566 583 595 603 608 642 625 626 629 662 658 676 687 736 752 763 787 845 871 877 892 950 964 986 1,012 1,013 1,096 1,107 1,098 888 862 795 774 799 710 671 664 712 719 720 718 439 439 442 448 458 446 469 263 284 268 277 278 277
EBIT
M -1,070 3,124 8,095 8,034 9,089 18,291 14,157 15,620 9,201 8,962 10,192 9,196 10,364 7,327 5,903 5,491 8,499 12,955 12,588 14,994 14,562 14,230 14,089 13,217 12,385 10,009 11,362 11,537 9,217 8,628 9,713 8,384 6,223 7,744 8,565 10,163 7,254 6,827 3,070 5,723 2,169 6,771 7,961 8,774 5,421 1,743 5,148 7,591 5,334 7,144 12,796 -7,073 8,523 2,256 -138 10,026 10,519 4,667 5,124 10,341 15,035 4,694 12,065 14,327 13,666 13,400 18,774 21,506 20,115 19,715 20,242 19,164 16,846 13,330 13,628 13,087 12,324 10,154 9,501 9,253 6,742 6,385 6,806 6,716 6,133 5,858
Income from Discontinued Operations
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Tax Rate (Effective)
% 8.10 0.64 3.62 7.79 10.21 9.69 14.68 9.36 10.31 10.30 14.07 -14.70 12.18 10.61 -7.37 7.00 11.50 14.38 15.77 17.98 16.61 16.33 20.31 20.17 17.58 60.66 28.97 37.10 26.03 22.44 32.16 28.62 27.55 31.17 25.72 29.25 29.21 29.23 153.83 18.03 59.47 10.56 48.46 27.03 25.25 138.45 69.37 21.73 9.18 18.13 16.16 31.45 26.29 65.40 -23.46 17.71 27.50 86.33 49.34 -35.52 21.00 52.95 22.10 30.71 32.70 129.29 30.96 33.48 32.83 32.81 33.59 35.57 33.49 30.24 33.35 33.35 33.35 33.35 33.36 33.93 32.51 30.16 31.33 32.99 32.98 15.98
Earnings Per Share (EPS), Basic
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Earnings Per Share (EPS), Diluted
M - - 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Gross Profit Margin
% 71.74 100.00 48.87 100.00 50.03 100.00 51.70 47.84 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Operating Income Margin
% 15.11 14.98 33.82 33.37 35.89 74.56 57.78 68.85 39.61 40.63 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Net Income Margin
% - - 30.38 30.20 30.23 28.14 26.85 26.15 28.41 30.70 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
EBITDA Ratio
% -1.11 17.39 35.98 35.49 37.87 76.61 59.78 71.01 41.74 42.87 46.85 45.02 47.43 38.88 31.37 26.60 39.23 59.93 57.11 66.83 65.12 64.89 64.12 60.73 55.77 51.50 54.42 52.86 43.83 45.91 47.50 43.86 34.79 42.72 44.22 48.87 37.13 39.85 17.43 29.68 12.85 35.37 42.36 42.86 26.99 14.99 28.87 38.67 28.40 37.26 50.45 -51.34 36.94 8.95 4.25 41.53 36.10 27.23 23.93 42.67 46.69 43.15 65.88 74.44 84.93 164.95 122.32 113.36 114.45 133.54 115.27 109.13 99.28 101.86 96.11 94.34 87.00 76.37 74.83 70.37 69.96 68.27 70.91 70.52 69.94 67.36
EBIT Ratio
% -2.23 14.98 33.82 33.37 35.89 74.56 57.78 68.85 39.61 40.63 44.77 42.84 45.41 36.45 29.03 24.59 37.33 57.97 55.19 64.95 63.30 62.59 61.86 58.46 53.56 48.98 52.03 50.54 41.43 43.16 44.89 41.10 31.89 39.73 41.35 46.13 34.26 36.42 14.48 26.76 9.96 32.22 39.13 39.80 23.95 10.54 25.19 35.13 24.75 33.32 47.23 -58.60 33.44 6.30 -0.71 37.82 32.93 22.38 19.72 38.54 43.51 36.28 61.49 70.52 80.37 155.67 117.86 109.93 110.80 128.88 111.32 105.18 95.22 98.61 93.11 91.26 83.95 73.07 71.48 66.97 67.33 65.37 68.22 67.73 66.90 64.32
EBT Ratio
% 15.11 14.98 33.82 33.37 35.89 32.19 33.88 30.38 33.92 35.44 39.31 37.46 40.16 30.44 22.35 17.02 19.90 36.55 30.07 38.81 38.11 38.26 39.49 37.59 36.30 31.34 36.02 36.69 29.51 30.29 33.76 29.07 18.96 24.87 29.30 34.13 22.39 22.99 2.03 13.07 -3.13 18.30 23.81 24.94 8.77 -11.51 5.43 14.57 3.34 11.34 27.44 -106.68 10.91 -10.04 -30.43 14.31 13.74 -6.80 -7.60 8.87 15.56 -29.39 7.70 24.22 10.57 -10.63 33.62 44.27 43.09 51.14 44.85 46.63 42.38 35.49 42.31 44.95 47.98 41.56 42.49 42.17 39.66 39.96 42.65 41.21 39.46 34.16

StockViz Staff

September 19, 2024

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