BANK OF AMERICA CORP DE
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
BAC$50.55+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheet
| Consolidated Balance Sheet | ||||
|---|---|---|---|---|
| (Dollars in millions) · 2023 · 2022 | ||||
| Assets | ||||
| Cash and due from banks | $27,892 | $30,334 | ||
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 305,181 | 199,869 | ||
| Cash and cash equivalents | 333,073 | 230,203 | ||
| Time deposits placed and other short-term investments | 8,346 | 7,259 | ||
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $133,053 and $146,999 measured at fair value) | 280,624 | 267,574 | ||
| Trading account assets (includes $130,815 and $115,505 pledged as collateral) | 277,354 | 296,108 | ||
| Derivative assets | 39,323 | 48,642 | ||
| Debt securities: | ||||
| Carried at fair value | 276,852 | 229,994 | ||
| Held-to-maturity, at cost (fair value $496,597 and $524,267) | 594,555 | 632,825 | ||
| Total debt securities | 871,407 | 862,819 | ||
| Loans and leases (includes $3,569 and $5,771 measured at fair value) | 1,053,732 | 1,045,747 | ||
| Allowance for loan and lease losses | (13,342) | (12,682) | ||
| Loans and leases, net of allowance | 1,040,390 | 1,033,065 | ||
| Premises and equipment, net | 11,855 | 11,510 | ||
| Goodwill | 69,021 | 69,022 | ||
| Loans held-for-sale (includes $2,059 and $1,115 measured at fair value) | 6,002 | 6,871 | ||
| Customer and other receivables | 81,881 | 67,543 | ||
| Other assets (includes $11,861 and $9,594 measured at fair value) | 160,875 | 150,759 | ||
| Total assets | $3,180,151 | $3,051,375 | ||
| Liabilities | ||||
| Deposits in U.S. offices: | ||||
| Noninterest-bearing | $530,619 | $640,745 | ||
| Interest-bearing (includes $284 and $311 measured at fair value) | 1,273,904 | 1,182,590 | ||
| Deposits in non-U.S. offices: | ||||
| Noninterest-bearing | 16,427 | 20,480 | ||
| Interest-bearing | 102,877 | 86,526 | ||
| Total deposits | 1,923,827 | 1,930,341 | ||
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $178,609 and $151,708 measured at fair value) | 283,887 | 195,635 | ||
| Trading account liabilities | 95,530 | 80,399 | ||
| Derivative liabilities | 43,432 | 44,816 | ||
| Short-term borrowings (includes $4,690 and $832 measured at fair value) | 32,098 | 26,932 | ||
| Accrued expenses and other liabilities (includes $11,473 and $9,752 measured at fair value and $1,209 and $1,540 of reserve for unfunded lending commitments) | 207,527 | 224,073 | ||
| Long-term debt (includes $42,809 and $33,070 measured at fair value) | 302,204 | 275,982 | ||
| Total liabilities | 2,888,505 | 2,778,178 | ||
| Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 12 – Commitments and Contingencies) | ||||
| Shareholders’ equity | ||||
| Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,088,099 and 4,088,101 shares | 28,397 | 28,397 | ||
| Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,895,457,665 and 7,996,777,943 shares | 56,365 | 58,953 | ||
| Retained earnings | 224,672 | 207,003 | ||
| Accumulated other comprehensive income (loss) | (17,788) | (21,156) | ||
| Total shareholders’ equity | 291,646 | 273,197 | ||
| Total liabilities and shareholders’ equity | $3,180,151 | $3,051,375 | ||
| Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities) | ||||
| Trading account assets | $6,054 | $2,816 | ||
| Loans and leases | 18,276 | 16,738 | ||
| Allowance for loan and lease losses | (826) | (797) | ||
| Loans and leases, net of allowance | 17,450 | 15,941 | ||
| All other assets | 269 | 116 | ||
| Total assets of consolidated variable interest entities | $23,773 | $18,873 | ||
| Liabilities of consolidated variable interest entities included in total liabilities above | ||||
| Short-term borrowings (includes $23 and $42 of non-recourse short-term borrowings) | $2,957 | $42 | ||
| Long-term debt (includes $8,456 and $4,581 of non-recourse debt) | 8,456 | 4,581 | ||
| All other liabilities (includes $19 and $13 of non-recourse liabilities) | 19 | 13 | ||
| Total liabilities of consolidated variable interest entities | $11,432 | $4,636 | ||
91 Bank of America
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