Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.

Bank of America Corporation

Loans and Leases

Loans and Leases %Chg

Loans and Leases Common Size

Debt Securities

Debt Securities %Chg

Debt Securities Common Size

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell %Chg

Federal Funds Sold and Securities Borrowed or Purchased Under Agreements to Resell Common Size

Trading Account Assets

Trading Account Assets %Chg

Trading Account Assets Common Size

Other Interest Income

Other Interest Income %Chg

Other Interest Income Common Size

Interest Income

Interest Income %Chg

Interest Income Common Size

Deposits

Deposits %Chg

Deposits Common Size

Short-Term Borrowings

Short-Term Borrowings %Chg

Short-Term Borrowings Common Size

Trading Account Liabilities

Trading Account Liabilities %Chg

Trading Account Liabilities Common Size

Long-Term Debt

Long-Term Debt %Chg

Long-Term Debt Common Size

Total Interest Expense

Total Interest Expense %Chg

Total Interest Expense Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Net Interest Income

Net Interest Income %Chg

Net Interest Income Common Size

Card Income

Card Income %Chg

Card Income Common Size

Service Charges

Service Charges %Chg

Service Charges Common Size

Investment and Brokerage Services

Investment and Brokerage Services %Chg

Investment and Brokerage Services Common Size

Investment Banking Income

Investment Banking Income %Chg

Investment Banking Income Common Size

Equity Investment Income

Equity Investment Income %Chg

Equity Investment Income Common Size

Fees and Commissions

Fees and Commissions %Chg

Fees and Commissions Common Size

Market Making and Similar Activities

Market Making and Similar Activities %Chg

Market Making and Similar Activities Common Size

Mortgage Banking Income

Mortgage Banking Income %Chg

Mortgage Banking Income Common Size

Insurance Income

Insurance Income %Chg

Insurance Income Common Size

Gains on Sales of Debt Securities

Gains on Sales of Debt Securities %Chg

Gains on Sales of Debt Securities Common Size

Other Income

Other Income %Chg

Other Income Common Size

Total Other-Than-Temporary Impairment Income

Total Other-Than-Temporary Impairment Income %Chg

Total Other-Than-Temporary Impairment Income Common Size

Less: Portion of Other-Than-Temporary Impairment Losses Recognized in Other Comprehensive Income

Less: Portion of Other-Than-Temporary Impairment Losses Recognized in Other Comprehensive Income %Chg

Less: Portion of Other-Than-Temporary Impairment Losses Recognized in Other Comprehensive Income Common Size

Net Impairment Gains Recognized in Earnings on Available-for-Sale Debt Securities

Net Impairment Gains Recognized in Earnings on Available-for-Sale Debt Securities %Chg

Net Impairment Gains Recognized in Earnings on Available-for-Sale Debt Securities Common Size

Total Noninterest Income

Total Noninterest Income %Chg

Total Noninterest Income Common Size

Total Revenue, Net of Interest Expense

Total Revenue, Net of Interest Expense %Chg

Total Revenue, Net of Interest Expense Common Size

Provision for Credit Losses

Provision for Credit Losses %Chg

Provision for Credit Losses Common Size

Compensation and Benefits

Compensation and Benefits %Chg

Compensation and Benefits Common Size

Occupancy

Occupancy %Chg

Occupancy Common Size

Equipment

Equipment %Chg

Equipment Common Size

Occupancy and Equipment

Non-Interest Income

Non-Interest Income %Chg

Non-Interest Income Common Size

Total Revenues Before Provision for Credit Losses

Total Revenues Before Provision for Credit Losses %Chg

Total Revenues Before Provision for Credit Losses Common Size

Total Revenues After Provision for Credit Losses

Total Revenues After Provision for Credit Losses %Chg

Total Revenues After Provision for Credit Losses Common Size

Compensation Expenses

Compensation Expenses %Chg

Compensation Expenses Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Information Processing and Communications

Information Processing and Communications %Chg

Information Processing and Communications Common Size

Product Delivery and Transaction Related

Product Delivery and Transaction Related %Chg

Product Delivery and Transaction Related Common Size

Professional Fees

Professional Fees %Chg

Professional Fees Common Size

Data Processing

Data Processing %Chg

Data Processing Common Size

Telecommunications

Telecommunications %Chg

Telecommunications Common Size

Marketing

Marketing %Chg

Marketing Common Size

Other Non-Interest Expenses

Other Non-Interest Expenses %Chg

Other Non-Interest Expenses Common Size

Revenue

EBIT

EBITDA

CapEx

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Interest Income	58,705	56,060	56,931	52,462	42,934	43,360	48,891	48,162	45,239	41,096	38,958
Interest Income
Interest Expense
Total Interest Expense
Non-Interest Income	48,559	45,827	41,650	42,488	46,179	42,168	42,353	42,858	41,887	42,605	44,007
Card Income
Service Charges
Investment and Brokerage Services
Investment Banking Income
Equity Investment Income
Fees and Commissions
Market Making and Similar Activities
Mortgage Banking Income
Insurance Income
Gains on Sales of Debt Securities
Other Income
Net Impairment Gains Recognized in Earnings on Available-for-Sale Debt Securities
Total Revenues Before Provision for Credit Losses	107,264	101,887	98,581	94,950	89,113	85,528	91,244	91,020	87,126	83,701	82,965
Total Revenues Before Provision for Credit Losses %Chg	8.9%	3.4%	3.8%	6.6%	4.2%	-6.3%	0.2%	4.5%	4.1%	0.9%	-3.4%
Total Revenue, Net of Interest Expense
Provision for Credit Losses	5,819	5,821	4,394	2,543	-4,594	11,320	3,590	3,282	3,396	3,597	3,161
Provision for Credit Losses
Total Revenues After Provision for Credit Losses	101,445	96,066	94,187	92,407	93,707	74,208	87,654	87,738	83,730	80,104	79,804
Compensation Expenses	41,989	40,182	38,330	36,447	36,140	32,725	31,977	31,880	31,931	32,018	32,751
Compensation and Benefits
Selling, General & Administrative Expenses	16,033	15,350	14,401	13,899	13,364	12,050	10,939	10,785	11,205	7,427	8,013
Information Processing and Communications
Product Delivery and Transaction Related
Professional Fees
Data Processing
Telecommunications
Marketing
Other Non-Interest Expenses	11,055	11,280	13,114	11,092	10,227	10,438	11,984	10,489	11,381	15,638	16,853
Occupancy
Equipment
Occupancy and Equipment
Amortization of Intangibles
Other General Operating
Goodwill Impairment
Merger and Restructuring Charges
Total Non-Interest Expense	69,077	66,812	65,845	61,438	59,731	55,213	54,900	53,154	54,517	55,083	57,617
Total Noninterest Expense
Income Before Provision for Income Taxes	32,368	29,254	28,342	30,969	33,976	18,995	32,754	34,584	29,213	25,021	22,187
Income Before Income Taxes
Provision for Income Taxes	2,722	2,122	1,827	3,441	1,998	1,101	5,324	6,437	10,981	7,199	6,277
Income Tax Expense
Consolidated Net Income	29,646	27,132	26,515	27,528	31,978	17,894	27,430	28,147	18,232	17,822	15,910
Net Income
Net Income Attributable to Preferred Dividends	1,392	1,629	1,649	1,513	1,421	1,421	1,432	1,451	1,614	1,682	1,483
Preferred Stock Dividends and Other
Net Income Attributable to Common Shareholders	28,254	25,503	24,866	26,015	30,557	16,473	25,998	26,696	16,618	16,140	14,427
Net Income Applicable to Common Shareholders
Basic EPS	3.7	3.3	3.1	3.2	3.6	1.9	2.8	2.6	1.6	1.6	1.4
Diluted EPS	3.7	3.2	3.1	3.2	3.6	1.9	2.8	2.6	1.6	1.5	1.3
Basic Weighted Average Shares Outstanding	7,615.9	7,855.5	8,028.6	8,113.7	8,493.3	8,753.2	9,390.5	10,096.5	10,195.6	10,284.1	10,462.3
Diluted Weighted Average Shares Outstanding	7,723.3	7,935.8	8,080.5	8,167.5	8,558.4	8,796.9	9,442.9	10,236.9	10,778.4	11,046.8	11,236.2
Total Shares Outstanding	7,302.5	7,610.9	7,895.5	7,996.8	8,077.8	8,650.8	8,836.1	9,669.3	10,287.3	10,052.6	10,380.3
EBITDA	2,279	2,189	2,057	1,978	1,898	1,843	1,729	2,063	2,103	2,241	2,389
Effective Tax Rate	8.4%	7.3%	6.4%	11.1%	5.9%	5.8%	16.3%	18.6%	37.6%	28.8%	28.3%