NYSE : BAC
Bank of America Corporation — Financial statements
Financials · Banks - Diversified · United States
Last price 50.01 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 346.20B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 135.71B | 138.57B | 146.61B | 130.26B | 72.56B | 47.67B |
| Total Interest Income | 135.71B | 138.57B | 146.61B | 130.26B | 72.56B | 47.67B |
| Interest Paid on Deposits | 71.77B | 78.47B | 90.55B | 73.33B | 20.10B | 4.74B |
| Total Interest Expense | 71.77B | 78.47B | 90.55B | 73.33B | 20.10B | 4.74B |
| Net Interest Income | 63.94B | 60.10B | 56.06B | 56.93B | 52.46B | 42.93B |
| Gain (Loss) on Sale of Investments | -20.00M | -20.00M | -29.00M | -405.00M | -3.27B | -1.08B |
| Other Non-Interest Income | 56.23B | 53.02B | 49.83B | 46.24B | 45.76B | 47.26B |
| Total Non-Interest Income | 56.21B | 53.00B | 49.80B | 45.84B | 42.49B | 46.18B |
| Revenues Before Loan Losses | 120.16B | 113.10B | 105.86B | 102.77B | 94.95B | 89.11B |
| Provision for Loan Losses | 5.28B | 5.67B | 5.82B | 4.39B | 2.54B | -4.59B |
| Revenue | 114.88B | 107.42B | 100.03B | 98.38B | 92.41B | 93.71B |
| Salaries and Employee Benefits | 39.89B | 38.34B | 36.75B | 35.39B | 33.55B | 33.14B |
| Occupancy Expenses | 5.16B | 4.94B | 4.85B | 4.72B | 4.60B | 4.65B |
| Selling, General & Administrative | 19.32B | 18.74B | 17.73B | 16.18B | 15.62B | 14.97B |
| Other Non-Interest Expense | 9.95B | 7.70B | 7.49B | 9.56B | 7.67B | 6.97B |
| Total Non-Interest Expense | 74.32B | 69.73B | 66.81B | 65.84B | 61.44B | 59.73B |
| EBT Excluding Unusual Items | 40.56B | 37.70B | 33.22B | 32.53B | 30.97B | 33.98B |
| Pretax Income | 40.56B | 37.70B | 33.22B | 32.53B | 30.97B | 33.98B |
| Income Tax Expense | 8.32B | 7.19B | 6.25B | 6.22B | 3.44B | 2.00B |
| Net Income | 32.24B | 30.51B | 26.97B | 26.30B | 27.53B | 31.98B |
| Preferred Dividends & Other Adjustments | 1.48B | 1.45B | 1.63B | 1.65B | 1.51B | 1.42B |
| Net Income to Common | 30.76B | 29.05B | 25.34B | 24.66B | 26.02B | 30.56B |
| Basic Shares Outstanding | 7.21B | 7.52B | 7.86B | 8.03B | 8.11B | 8.49B |
| Diluted Shares Outstanding | 7.37B | 7.68B | 7.94B | 8.08B | 8.17B | 8.56B |
| EPS (Basic) | 4.27 | 3.86 | 3.23 | 3.07 | 3.21 | 3.60 |
| EPS (Diluted) | 4.20 | 3.81 | 3.19 | 3.05 | 3.19 | 3.57 |
| Dividend Per Share | 1.16 | 1.08 | 1.00 | 0.92 | 0.86 | 0.78 |
| Effective Tax Rate | 20.51% | 19.06% | 18.81% | 19.14% | 11.11% | 5.88% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 249.64B | 225.34B | 284.01B | 327.47B | 222.60B | 342.32B |
| Investment Securities | 1.10T | 1.16T | 1.12T | 1.11T | 1.13T | 1.18T |
| Trading Asset Securities | 385.62B | 221.97B | 185.08B | 185.86B | 229.25B | 178.99B |
| Mortgage-Backed Securities | 95.77B | 91.35B | 76.66B | 51.45B | 32.82B | 70.49B |
| Total Investments | 1.58T | 1.47T | 1.38T | 1.35T | 1.40T | 1.43T |
| Gross Loans | 1.25T | 1.19T | 1.10T | 1.05T | 1.05T | 979.12B |
| Allowance for Loan Losses | -13.01B | -13.20B | -13.24B | -13.34B | -12.68B | -12.39B |
| Net Loans | 1.24T | 1.17T | 1.08T | 1.04T | 1.03T | 966.74B |
| Property, Plant & Equipment | 13.91B | 20.91B | 20.70B | 21.00B | 21.27B | 21.07B |
| Goodwill | 69.02B | 69.02B | 69.02B | 69.02B | 69.02B | 69.02B |
| Loans Held for Sale | 8.10B | 5.17B | 9.54B | 6.00B | 6.87B | 15.63B |
| Accrued Interest Receivable | 4.20B | 4.30B | 4.50B | 3.80B | 2.20B | |
| Other Receivables | 91.69B | 93.99B | 77.95B | 77.38B | 63.74B | 70.06B |
| Restricted Cash | 6.50B | 6.10B | 5.60B | 7.60B | 5.90B | |
| Other Current Assets | 185.87B | 170.33B | 130.81B | 115.50B | 103.43B | |
| Long-Term Deferred Tax Assets | 9.15B | |||||
| Other Real Estate Owned & Foreclosed | 105.00M | 101.00M | 145.00M | 145.00M | 170.00M | 130.00M |
| Other Long-Term Assets | 173.57B | 156.01B | 152.73B | 151.20B | 111.31B | 130.97B |
| Total Assets | 3.43T | 3.41T | 3.26T | 3.18T | 3.05T | 3.17T |
| Accrued Expenses | 236.81B | 212.37B | 187.58B | 182.82B | 199.67B | 171.47B |
| Interest Bearing Deposits | 1.49T | 1.49T | 1.44T | 1.38T | 1.27T | 1.25T |
| Non-Interest Bearing Deposits | 548.67B | 532.05B | 523.86B | 547.05B | 661.23B | 811.65B |
| Total Deposits | 2.04T | 2.02T | 1.97T | 1.92T | 1.93T | 2.06T |
| Short-Term Borrowings | 426.89B | 440.17B | 425.03B | 369.48B | 275.81B | 265.15B |
| Current Portion of Long-Term Debt | 41.71B | |||||
| Current Portion of Leases | 1.74B | |||||
| Other Current Liabilities | 109.81B | 106.00B | 92.54B | 95.53B | 80.40B | 100.69B |
| Long-Term Debt | 318.69B | 275.31B | 281.51B | 295.63B | 274.56B | 279.08B |
| Federal Home Loan Bank Debt, Long-Term | 47.00M | 1.01B | 5.83B | 681.00M | 290.00M | |
| Long-Term Leases | 7.35B | 9.13B | 9.78B | 10.36B | 10.86B | |
| Trust Preferred Securities | 751.00M | 750.00M | 745.00M | 744.00M | 742.00M | |
| Pension & Post-Retirement Benefits | 1.66B | 1.63B | 1.70B | 1.71B | 2.39B | |
| Other Long-Term Liabilities | 2.67B | 2.66B | 3.15B | 3.91B | 4.31B | |
| Total Liabilities | 3.13T | 3.11T | 2.97T | 2.89T | 2.78T | 2.90T |
| Preferred Stock, Redeemable | 25.00B | 25.99B | 23.16B | 28.40B | 28.40B | 24.71B |
| Common Stock | 8.21B | 26.08B | 45.34B | 56.37B | 58.95B | 62.40B |
| Retained Earnings | 278.81B | 261.69B | 240.75B | 224.67B | 207.00B | 188.06B |
| Comprehensive Income & Other | -15.27B | -10.53B | -15.29B | -17.79B | -21.16B | -5.10B |
| Total Common Equity | 271.75B | 277.25B | 270.80B | 263.25B | 244.80B | 245.36B |
| Shareholders' Equity | 296.75B | 303.24B | 293.96B | 291.65B | 273.20B | 270.07B |
| Total Liabilities & Equity | 3.43T | 3.41T | 3.26T | 3.18T | 3.05T | 3.17T |
| Total Debt | 745.58B | 767.07B | 717.45B | 681.47B | 562.15B | 556.12B |
| Net Cash (Debt) | 245.45B | 3.09B | 31.43B | 119.64B | 163.66B | 222.34B |
| Net Cash Per Share | 33.30 | 0.40 | 3.96 | 14.81 | 20.04 | 25.98 |
| Filing Date Shares Outstanding | 6.92B | 7.18B | 7.60B | 7.87B | 8.00B | 8.07B |
| Total Common Shares Outstanding | 6.92B | 7.21B | 7.61B | 7.90B | 8.00B | 8.08B |
| Book Value Per Share | 39.26 | 38.44 | 35.58 | 33.34 | 30.61 | 30.37 |
| Tangible Book Value | 202.73B | 208.23B | 201.78B | 194.23B | 175.78B | 176.34B |
| Tangible Book Value Per Share | 29.29 | 28.87 | 26.51 | 24.60 | 21.98 | 21.83 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 30.51B | 26.97B | 26.52B | 27.53B | 31.98B | |
| Depreciation & Amortization | 2.31B | 2.19B | 2.06B | 1.98B | 1.90B | |
| Gain (Loss) on Sale of Investments | -839.00M | -301.00M | 8.00M | 2.04B | 5.82B | |
| Provision for Credit Losses | 5.67B | 5.82B | 4.39B | 2.54B | -4.59B | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 641.00M | 6.71B | -8.95B | |||
| Change in Other Net Operating Assets | -33.08B | -53.31B | 2.73B | -51.94B | -39.92B | |
| Other Operating Activities | 4.03B | 6.39B | 5.70B | 1.96B | 3.81B | |
| Operating Cash Flow | 12.61B | -8.80B | 44.98B | -6.33B | -7.19B | |
| Investment in Securities | 301.00M | -46.48B | -5.33B | 83.99B | -310.34B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -95.27B | -48.48B | -11.75B | -65.05B | -52.81B | |
| Other Investing Activities | -50.19B | 4.27B | -18.31B | -21.47B | 49.86B | |
| Investing Cash Flow | -145.16B | -90.69B | -35.39B | -2.53B | -313.29B | |
| Short-Term Debt Issued | 21.64B | 60.45B | 93.41B | 6.49B | 26.44B | |
| Long-Term Debt Issued | 99.87B | 56.68B | 65.40B | 65.91B | 76.67B | |
| Total Debt Issued | 121.50B | 117.13B | 158.81B | 72.39B | 103.11B | |
| Long-Term Debt Repaid | -76.03B | -70.41B | -44.57B | -34.05B | -46.83B | |
| Total Debt Repaid | -76.03B | -70.41B | -44.57B | -34.05B | -46.83B | |
| Net Debt Issued (Repaid) | 45.47B | 46.72B | 114.24B | 38.34B | 56.29B | |
| Repurchase of Common Stock | -21.43B | -13.10B | -4.58B | -5.07B | -25.13B | |
| Preferred Stock Issued | 5.49B | 4.43B | 2.17B | |||
| Preferred Share Repurchases | -2.67B | -5.25B | -654.00M | -1.97B | ||
| Total Dividends Paid | -9.56B | -9.50B | -9.09B | -8.58B | -8.05B | |
| Net Increase (Decrease) in Deposit Accounts | 53.26B | 41.64B | -6.51B | -134.19B | 268.97B | |
| Other Financing Activities | -613.00M | -127.00M | -717.00M | -312.00M | -620.00M | |
| Financing Cash Flow | 69.95B | 60.37B | 93.34B | -106.04B | 291.65B | |
| Foreign Exchange Rate Adjustments | 4.33B | -3.83B | -70.00M | -3.12B | -3.41B | |
| Net Cash Flow | -58.27B | -42.96B | 102.87B | -118.02B | -32.24B | |
| Cash Interest Paid | 79.06B | 89.69B | 69.60B | 18.53B | 4.51B | |
| Cash Income Tax Paid | 3.93B | 3.82B | 3.40B | 2.29B | 2.76B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 342.04B | 401.64B | 337.22B | 266.46B | 265.70B | 364.11B |
| Last Close Price | 50.01 | 54.13 | 42.28 | 31.58 | 30.13 | 39.55 |
| PE Ratio | 11.80 | 13.82 | 13.31 | 10.81 | 10.21 | 11.92 |
| PS Ratio | 3.02 | 3.74 | 3.37 | 2.71 | 2.88 | 3.89 |
| PB Ratio | 1.27 | 1.32 | 1.15 | 0.91 | 0.97 | 1.35 |
| P/OCF Ratio | 3.66 | 31.84 | 5.92 | |||
| Debt / Equity Ratio | 2.51 | 2.53 | 2.44 | 2.34 | 2.06 | 2.06 |
| Net Debt / Equity Ratio | -0.83 | -0.01 | -0.11 | -0.41 | -0.60 | -0.82 |
| Return on Equity (ROE) | 10.73% | 10.22% | 9.21% | 9.31% | 10.13% | 11.78% |
| Return on Assets (ROA) | 0.94% | 0.91% | 0.84% | 0.84% | 0.89% | 1.07% |
| Earnings Yield | 8.48% | 7.60% | 8.00% | 9.87% | 10.36% | 8.78% |
| Dividend Yield | 2.58% | 1.94% | 2.26% | 2.73% | 2.59% | 1.73% |
| Payout Ratio | 30.47% | 31.34% | 35.23% | 34.54% | 31.15% | 25.19% |
| Buyback Yield / Dilution | 4.57% | 3.21% | 1.79% | 1.06% | 4.57% | 2.71% |
| Total Shareholder Return | 7.12% | 5.15% | 4.05% | 3.79% | 7.16% | 4.44% |