BANK OF AMERICA CORP DE
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
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Non-GAAP Reconciliations
Tables 45 and 46 provide reconciliations of certain non-GAAP financial measures to GAAP financial measures.
| Table 45 | Annual Reconciliations to GAAP Financial Measures (1) | ||
|---|---|---|---|
| (Dollars in millions, shares in thousands) | 2023 | 2022 | 2021 |
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | |||
| Shareholders’ equity | $283,353 | $270,299 | $273,757 |
| Goodwill | (69,022) | (69,022) | (69,005) |
| Intangible assets (excluding MSRs) | (2,039) | (2,117) | (2,177) |
| Related deferred tax liabilities | 893 | 922 | 916 |
| Tangible shareholders’ equity | $213,185 | $200,082 | $203,491 |
| Preferred stock | (28,397) | (28,318) | (23,970) |
| Tangible common shareholders’ equity | $184,788 | $171,764 | $179,521 |
| Reconciliation of year-end shareholders’ equity to year-end tangible shareholders’ equity and year-end tangible common shareholders’ equity | |||
| Shareholders’ equity | $291,646 | $273,197 | $270,066 |
| Goodwill | (69,021) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (1,997) | (2,075) | (2,153) |
| Related deferred tax liabilities | 874 | 899 | 929 |
| Tangible shareholders’ equity | $221,502 | $202,999 | $199,820 |
| Preferred stock | (28,397) | (28,397) | (24,708) |
| Tangible common shareholders’ equity | $193,105 | $174,602 | $175,112 |
| Reconciliation of year-end assets to year-end tangible assets | |||
| Assets | $3,180,151 | $3,051,375 | $3,169,495 |
| Goodwill | (69,021) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (1,997) | (2,075) | (2,153) |
| Related deferred tax liabilities | 874 | 899 | 929 |
| Tangible assets | $3,110,007 | $2,981,177 | $3,099,249 |
(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 29.
| Table 46 | Quarterly Reconciliations to GAAP Financial Measures (1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 2023 Quarters | 2022 Quarters | |||||||
| (Dollars in millions) | Fourth | Third | Second | First | Fourth | Third | Second | First |
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | ||||||||
| Shareholders’ equity | $288,618 | $284,975 | $282,425 | $277,252 | $272,629 | $271,017 | $268,197 | $269,309 |
| Goodwill | (69,021) | (69,021) | (69,022) | (69,022) | (69,022) | (69,022) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (2,010) | (2,029) | (2,049) | (2,068) | (2,088) | (2,107) | (2,127) | (2,146) |
| Related deferred tax liabilities | 886 | 890 | 895 | 899 | 914 | 920 | 926 | 929 |
| Tangible shareholders’ equity | $218,473 | $214,815 | $212,249 | $207,061 | $202,433 | $200,808 | $197,974 | $199,070 |
| Preferred stock | (28,397) | (28,397) | (28,397) | (28,397) | (28,982) | (29,134) | (28,674) | (26,444) |
| Tangible common shareholders’ equity | $190,076 | $186,418 | $183,852 | $178,664 | $173,451 | $171,674 | $169,300 | $172,626 |
| Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity | ||||||||
| Shareholders’ equity | $291,646 | $287,064 | $283,319 | $280,196 | $273,197 | $269,524 | $269,118 | $266,617 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,022) | (69,022) | (69,022) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (1,997) | (2,016) | (2,036) | (2,055) | (2,075) | (2,094) | (2,114) | (2,133) |
| Related deferred tax liabilities | 874 | 886 | 890 | 895 | 899 | 915 | 920 | 926 |
| Tangible shareholders’ equity | $221,502 | $216,913 | $213,152 | $210,014 | $202,999 | $199,323 | $198,902 | $196,388 |
| Preferred stock | (28,397) | (28,397) | (28,397) | (28,397) | (28,397) | (29,134) | (29,134) | (27,137) |
| Tangible common shareholders’ equity | $193,105 | $188,516 | $184,755 | $181,617 | $174,602 | $170,189 | $169,768 | $169,251 |
| Reconciliation of period-end assets to period-end tangible assets | ||||||||
| Assets | $3,180,151 | $3,153,090 | $3,123,198 | $3,194,657 | $3,051,375 | $3,072,953 | $3,111,606 | $3,238,223 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,022) | (69,022) | (69,022) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (1,997) | (2,016) | (2,036) | (2,055) | (2,075) | (2,094) | (2,114) | (2,133) |
| Related deferred tax liabilities | 874 | 886 | 890 | 895 | 899 | 915 | 920 | 926 |
| Tangible assets | $3,110,007 | $3,082,939 | $3,053,031 | $3,124,475 | $2,981,177 | $3,002,752 | $3,041,390 | $3,167,994 |
(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 29.
85 Bank of America
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