Bank of America Corporation (BAC)

NYSE: BAC · National Commercial Banks · Charlotte, NC · filing with the SEC since 1994

Grade6.1

◀ Past 7.4● Present 6.1▶ Future 4.2

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 25, 2026	Feb 25, 2025	Feb 20, 2024	Feb 22, 2023	Feb 22, 2022	Feb 24, 2021	Feb 19, 2020	Feb 26, 2019	Feb 22, 2018	Feb 23, 2017
Revenue	113,097	105,856^r	102,769^r	94,950	89,113	85,528	91,244	91,020^r	87,126^r	83,701
For lenders
Interest and dividend income	138,566	146,607	130,262	72,565	47,672	51,585	71,236	66,769	57,579	51,057
Interest and investment income	20,421	28,320	25,460	7,438	2,334	2,735	6,305	6,247	4,023	·
Interest expense on deposits and borrowings	78,470	90,547	73,331	20,103	·	·	·	·	·	·
Net interest income	60,096	56,060	56,931	52,462	42,934	43,360	48,891	48,162^r	45,239^r	41,096
Provision for credit losses	·	·	·	·	-4,173	10,565	3,574	3,262	3,396	3,597
Noninterest income	53,001	49,796^r	45,838^r	42,488	46,179	42,168	42,353	42,858^r	41,887^r	42,605
Noninterest expense	69,727	66,812	65,845	61,438	59,731	55,213	54,900	53,154^r	54,517^r	55,083^r
Interest expense	·	·	73,331	20,103	4,738	8,225	22,345	18,607^r	12,340^r	9,961
Income before income taxes	37,695	33,223^r	32,530^r	30,969	33,976	18,995	32,754	34,584	29,213	25,021^r
Income tax expense	7,186	6,250^r	6,225^r	3,441	1,998	1,101	5,324	6,437	10,981	7,199^r
Net income	30,509	26,973^r	26,305^r	27,528	31,978	17,894	27,430	28,147	18,232	17,822^r
Preferred dividends	·	1,629	1,649	1,513	1,421	1,421	1,432	1,451	1,614	1,682
Net income to common shareholders	29,055	25,344^r	24,656^r	26,015	30,557	16,473	25,998	26,696	16,618	16,140^r
Earnings per share, basic	3.86	3.23^r	3.07^r	3.21	3.60	1.88	2.77	2.64	1.63	1.57^r
Earnings per share, diluted	3.81	3.19^r	3.05^r	3.19	3.57	1.87	2.75	2.61	1.56	1.49^r
Weighted average shares, basic	7,521.9	7,855.5	8,028.6	8,113.7	8,493.3	8,753.2	9,390.5	10,096.5	10,195.6^r	10,284.1^r
Weighted average shares, diluted	7,680.9	7,935.8	8,080.5	8,167.5	8,558.4	8,796.9	9,442.9	10,236.9	10,778.4^r	11,046.8^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanAndLeaseLosses
us-gaap:ProvisionForLoanLeaseAndOtherLosses

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton BAC · research, not advice