Financial Ratios Bank of America Corporation

Equities

BAC

US0605051046

Banks

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07:35am	Delivery Hero at the bottom of the MDax – Bank of America pessimistic	DP
Jan. 17	Bank of America awards stock to employees after strong 2024 performance, memo shows	RE

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Published financial data: BANK OF AMERICA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	71.24B	51.58B	47.67B	72.56B	130B
Interest Income On Investments	-	-	-	-	-
Interest Income, Total	71.24B	51.58B	47.67B	72.56B	130B
Interest On Deposits	22.34B	8.22B	4.74B	20.1B	73.33B
Total Interest On Borrowings	-	-	-	-	-
Interest Expense, Total	22.34B	8.22B	4.74B	20.1B	73.33B
Net Interest Income	48.89B	43.36B	42.93B	52.46B	56.93B
Service Charges On Deposits	-	-	-	-	-
Trust Income	-	-	-	-	-
Credit Card Fee	-	-	-	-	-
Total Mortgage Banking Activities	-	-	-	-	-
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Assets	-210M	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-2.76B	-589M	-1.08B	-1.17B	-1.9B
Income (Loss) on Equity Invest. (Income Block)	-	-	-	-	-
Total Other Non Interest Income	43.25B	42.76B	47.26B	43.66B	45.16B
Non Interest Income, Total	40.28B	42.17B	46.18B	42.49B	43.25B
Revenues Before Provison For Loan Losses	89.17B	85.53B	89.11B	94.95B	100B
Provision For Loan Losses	3.59B	11.32B	-4.59B	2.54B	4.39B
Total Revenues	85.58B	74.21B	93.71B	92.41B	95.79B
Salaries And Other Employee Benefits	29.88B	30.62B	33.14B	33.55B	35.23B
Amort. of Goodwill & Intang. Assets	-	-	-	-	-
Occupancy Expense	4B	4.52B	4.65B	4.6B	4.72B
Selling General & Admin Expenses, Total	12.86B	13.34B	14.97B	15.62B	16.33B
Total Other Non Interest Expense	5.4B	6.73B	6.97B	7.67B	7.46B
Non Interest Expense, Total	52.15B	55.21B	59.73B	61.44B	63.74B
EBT, Excl. Unusual Items	33.44B	19B	33.98B	30.97B	32.04B
Legal Settlements	-681M	-	-	-	-
Other Unusual Items	-	-	-	-	-3.7B
EBT, Incl. Unusual Items	32.75B	19B	33.98B	30.97B	28.34B
Income Tax Expense	5.32B	1.1B	2B	3.44B	1.83B
Earnings From Continuing Operations	27.43B	17.89B	31.98B	27.53B	26.52B
Net Income to Company	27.43B	17.89B	31.98B	27.53B	26.52B
Net Income - (IS)	27.43B	17.89B	31.98B	27.53B	26.52B
Preferred Dividend and Other Adjustments	1.43B	1.42B	1.42B	1.51B	1.65B
Net Income to Common Incl Extra Items	26B	16.47B	30.56B	26.02B	24.87B
Net Income to Common Excl. Extra Items	26B	16.47B	30.56B	26.02B	24.87B
Per Share Items
Net EPS - Basic	2.77	1.88	3.6	3.21	3.1
Basic EPS - Continuing Operations	2.77	1.88	3.6	3.21	3.1
Basic Weighted Average Shares Outstanding	9.39B	8.75B	8.49B	8.11B	8.03B
Net EPS - Diluted	2.75	1.87	3.57	3.19	3.08
Diluted EPS - Continuing Operations	2.75	1.87	3.57	3.19	3.08
Diluted Weighted Average Shares Outstanding	9.44B	8.8B	8.56B	8.17B	8.08B
Normalized Basic EPS	2.23	1.36	2.5	2.39	2.49
Normalized Diluted EPS	2.21	1.35	2.48	2.37	2.48
Dividend Per Share	0.66	0.72	0.78	0.86	0.92
Payout Ratio	21.63	43.18	25.19	31.15	34.27
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
Effective Tax Rate - (Ratio)	16.25	5.8	5.88	11.11	6.45
Current Domestic Taxes	2.04B	2.17B	1.85B	1.55B	1.92B
Current Foreign Taxes	852M	670M	985M	1.16B	1.92B
Total Current Taxes	2.89B	2.84B	2.84B	2.7B	3.84B
Deferred Domestic Taxes	2.22B	-1.03B	1.45B	364M	-2.29B
Deferred Foreign Taxes	211M	-705M	-2.29B	375M	283M
Total Deferred Taxes	2.44B	-1.74B	-838M	739M	-2.01B
Normalized Net Income	20.9B	11.87B	21.24B	19.36B	20.03B
Non-Cash Pension Expense	-332M	-412M	-486M	-538M	-418M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	2.1B	2.1B	3B	2.9B	3.1B
Total Stock-Based Compensation	2.1B	2.1B	3B	2.9B	3.1B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	137B	373B	342B	223B	327B
Investment Securities, Total	617B	922B	1,183B	1,120B	1,140B
Trading Asset Securities, Total	179B	155B	179B	229B	186B
Mortgage Backed Securities	148B	85.38B	70.49B	32.82B	51.45B
Total investments	944B	1,162B	1,433B	1,382B	1,377B
Gross Loans	983B	928B	979B	1,046B	1,054B
Allowance For Loan Losses	-9.42B	-18.8B	-12.39B	-12.68B	-13.34B
Net Loans	974B	909B	967B	1,033B	1,040B
Net Property Plant And Equipment	20.26B	21B	21.07B	21.26B	21B
Goodwill	68.95B	68.95B	69.02B	69.02B	69.02B
Other Intangibles, Total	-	-	-	-	-
Loans Held For Sale	9.16B	9.24B	15.64B	6.87B	6B
Accrued Interest Receivable	-	-	2.2B	3.8B	4.5B
Other Receivables	55.94B	64.22B	70.06B	63.74B	77.38B
Restricted Cash	24.4B	7B	5.9B	7.6B	5.6B
Other Current Assets, Total	90.95B	91.51B	103B	116B	131B
Deferred Tax Assets Long-Term (Collected)	6.44B	7.45B	9.15B	13.34B	14.37B
Other Real Estate Owned And Foreclosed	285M	164M	130M	170M	145M
Other Long-Term Assets, Total	102B	105B	131B	112B	107B
Total Assets	2,434B	2,820B	3,169B	3,051B	3,180B
Liabilities
Accrued Expenses, Total	152B	144B	171B	200B	183B
Interest Bearing Deposits	965B	1,091B	1,253B	1,269B	1,377B
Institutional Deposits	52.77B	36.52B	-	-	-
Non-Interest Bearing Deposits	417B	668B	812B	661B	547B
Total Deposits	1,435B	1,795B	2,064B	1,930B	1,924B
Short-Term Borrowings	243B	251B	265B	276B	369B
Current Portion of Long-Term Debt	24.15B	20.35B	11.9B	16.29B	26.74B
Current Portion of Leases	1.97B	1.93B	1.92B	2B	1.95B
Long-Term Debt	216B	242B	267B	259B	275B
Federal Home Loan Bank Debt - Long-Term	103M	97M	88M	81M	76M
Long-Term Leases	8.13B	8.55B	8.94B	8.36B	7.84B
Trust Preferred Securities (BS)	737M	739M	742M	744M	745M
Other Current Liabilities - (Bank / Utility Template)	83.27B	71.32B	101B	80.4B	95.53B
Unearned Revenue Non Current	16M	-	-	-	-
Pension & Other Post Retirement Benefits	2.33B	2.58B	2.39B	1.7B	1.7B
Other Non Current Liabilities	2.9B	8.54B	4.31B	3.91B	3.16B
Total Liabilities	2,169B	2,547B	2,899B	2,778B	2,889B
Preferred Stock Redeemable	23.4B	24.51B	24.71B	28.4B	28.4B
Total Preferred Equity	23.4B	24.51B	24.71B	28.4B	28.4B
Common Stock, Total	91.72B	85.98B	62.4B	58.95B	56.36B
Retained Earnings	156B	164B	188B	207B	225B
Comprehensive Income and Other	-6.63B	-1.66B	-5.1B	-21.16B	-17.79B
Total Common Equity	241B	248B	245B	245B	263B
Total Equity	265B	273B	270B	273B	292B
Total Liabilities And Equity	2,434B	2,820B	3,169B	3,051B	3,180B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.73B	8.63B	8.07B	8B	7.87B
ECS Total Common Shares Outstanding	8.84B	8.65B	8.08B	8B	7.9B
Book Value / Share	27.32	28.72	30.37	30.61	33.34
Tangible Book Value	172B	179B	176B	176B	194B
Tangible Book Value Per Share	19.52	20.75	21.83	21.98	24.6
Tangible Book Value Per Share (As Reported)	19.41	20.6	21.68	21.83	24.46
Average Assets	2,406B	2,683B	3,035B	3,136B	3,154B
Average Loans	958B	982B	920B	1,017B	1,046B
Total Debt	494B	525B	556B	562B	681B
Deposits at Interest - Cash	131B	344B	319B	200B	305B
Federal Funds Sold	-	-	-	-	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	-4.47B	-4.87B	-6.15B	-5.43B	-5.42B
Net Debt	-103B	-312B	-222B	-164B	-120B
Equity Method Investments, Total	10B	11.2B	12.6B	14.1B	30B
Full Time Employees	208K	213K	208K	217K	213K
Number Of Offices	4.3K	4.31K	4.17K	3.91K	3.84K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	27.43B	17.89B	31.98B	27.53B	26.52B
Depreciation, Depletion & Amortization	1.62B	1.75B	1.82B	1.9B	1.98B
Amortization of Goodwill and Intangible Assets - (CF)	112M	95M	76M	78M	78M
Total Depreciation, Depletion & Amortization	1.73B	1.84B	1.9B	1.98B	2.06B
(Gain) Loss on Sale of Investments - (CF)	3.92B	3.69B	5.82B	2.04B	8M
Provision for Credit Losses	3.59B	11.32B	-4.59B	2.54B	4.39B
Stock-Based Compensation (CF)	1.97B	2.03B	2.77B	2.86B	2.94B
Net (Increase) Decrease in Loans Originated / Sold - Operating	1.32B	-608M	-8.95B	6.7B	641M
Change in Other Net Operating Assets (Collected)	13.17B	-326M	-39.92B	-51.94B	2.73B
Other Operating Activities	8.65B	2.15B	3.81B	1.96B	5.7B
Cash from Operations	61.78B	37.99B	-7.19B	-6.33B	44.98B
Capital Expenditure	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-23.62B	-189B	-310B	83.99B	-5.32B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-40.57B	44.69B	-52.81B	-65.05B	-11.75B
Other Investing Activities, Total	-16.44B	-32.95B	49.86B	-21.47B	-18.31B
Cash from Investing	-80.63B	-178B	-313B	-2.53B	-35.39B
Short Term Debt Issued, Total	4B	-	26.44B	6.48B	93.41B
Long-Term Debt Issued, Total	52.42B	62.23B	76.68B	65.91B	65.4B
Total Debt Issued	56.42B	62.23B	103B	72.4B	159B
Short Term Debt Repaid, Total	-21.88B	-4.89B	-	-	-
Long-Term Debt Repaid, Total	-50.79B	-47.95B	-46.83B	-34.06B	-44.57B
Total Debt Repaid	-72.67B	-52.84B	-46.83B	-34.06B	-44.57B
Repurchase of Common Stock	-28.14B	-7.02B	-25.13B	-5.07B	-4.58B
Issuance of Preferred Stock	3.64B	2.18B	2.17B	4.43B	-
Repurchase of Preferred Stock	-2.57B	-1.07B	-1.97B	-654M	-
Common Dividends Paid	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-5.93B	-7.73B	-8.06B	-8.58B	-9.09B
Common & Preferred Stock Dividends Paid	-5.93B	-7.73B	-8.06B	-8.58B	-9.09B
Net Increase (Decrease) in Deposit Accounts - (CF)	53.33B	361B	269B	-134B	-6.51B
Other Financing Activities, Total	-698M	-601M	-620M	-312M	-717M
Cash from Financing	3.38B	356B	292B	-106B	93.34B
Foreign Exchange Rate Adjustments	-368M	2.76B	-3.41B	-3.12B	-70M
Net Change in Cash	-15.84B	219B	-32.24B	-118B	103B
Supplemental Items
Cash Interest Paid	22.2B	8.66B	4.51B	18.53B	69.6B
Cash Income Tax Paid (Refund)	4.36B	2.89B	2.76B	2.29B	3.4B
Net Debt Issued / Repaid	-16.25B	9.39B	56.29B	38.34B	114B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.15	0.68	1.07	0.88	0.85
Return On Equity %	10.35	6.66	11.78	10.13	9.39
Return on Common Equity	10.73	6.73	12.38	10.61	9.79
Shareholders Value Added	-1.52B	-11.4B	2.43B	-1.8B	-3.89B
Margin Analysis
SG&A Margin	54.62	65.33	56.3	58.18	58.76
Net Interest Income / Total Revenues %	57.13	58.43	45.82	56.77	59.43
EBT Excl. Non-Recurring Items Margin %	39.07	25.6	36.26	33.51	33.45
Income From Continuing Operations Margin %	32.05	24.11	34.13	29.79	27.68
Net Income Margin %	32.05	24.11	34.13	29.79	27.68
Net Avail. For Common Margin %	30.38	22.2	32.61	28.15	25.96
Normalized Net Income Margin	24.42	16	22.66	20.95	20.91
Asset quality
Nonperforming Loans / Total Loans %	0.39	0.57	0.5	0.39	0.54
Nonperforming Loans / Total Assets %	0.16	0.19	0.15	0.13	0.18
Nonperforming Assets / Total Assets %	0.17	0.19	0.16	0.14	0.18
NPAs / Loans and OREO	0.41	0.59	0.51	0.4	0.55
NPAs / Equity	1.54	2.01	1.84	1.54	1.99
Allowance for Credit Losses / Net Charge-offs %	250.49	456.25	552.25	583.89	351.2
Allowance for Credit Losses / Nonperforming Loans %	247.99	353.29	255.3	314.38	236.14
Allowance for Credit Losses / Total Loans %	0.96	2.03	1.27	1.21	1.27
Net Charge-offs / Total Average Loans %	0.39	0.42	0.24	0.21	0.36
Provision for Loan Losses / Net Charge-offs %	95.5	274.69	-204.81	117.08	115.66
Earning Assets / IBL	135.79	141.96	147	143.36	134.15
Interest Income / Average Assets	2.96	1.92	1.57	2.31	4.13
Interest Expense / Average Assets	0.93	0.31	0.16	0.64	2.33
Net Interest Income / Average Assets	2.03	1.62	1.41	1.67	1.81
Non Interest Income / Average Assets	1.67	1.57	1.52	1.35	1.37
Non Interest Expense / Average Asset	2.17	2.06	1.97	1.96	2.02
Capital And Funding
Total Average Common Equity / Total Average Assets %	10.12	9.32	8.24	7.88	8.15
Total Average Equity / Total Average Assets %	11.07	10.24	9.07	8.73	9.06
Total Equity + Allowance for Loan Losses / Total Loans %	27.88	31.44	28.85	27.34	28.94
Gross Loans / Total Deposits %	68.54	51.68	47.43	54.17	54.77
Net Loans / Total Deposits %	67.88	50.63	46.83	53.52	54.08
Tier 1 Capital Ratio %	12.6	13.5	12.1	13	13.5
Total Capital Ratio %	14.8	16.1	14.1	14.9	15.2
Core Tier 1 Capital Ratio	11.2	11.9	10.6	11.2	11.8
Tier 2 Capital Ratio	2.19	2.56	1.92	1.89	1.7
Equity Tier 1 Capital Ratio	7.3	6.5	5.7	5.9	6.2
Coverage Ratio	99.9	-	-	-	-
Leverage Ratio %