BANK OF AMERICA CORP DE
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
BAC$50.55+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet
| Consolidated Balance Sheet | ||||
|---|---|---|---|---|
| March 312024 · December 312023 | ||||
| (Dollars in millions) | ||||
| Assets | ||||
| Cash and due from banks | $23,550 | $27,892 | ||
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 289,854 | 305,181 | ||
| Cash and cash equivalents | 313,404 | 333,073 | ||
| Time deposits placed and other short-term investments | 7,859 | 8,346 | ||
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $158,281 and $133,053 measured at fair value) | 316,093 | 280,624 | ||
| Trading account assets (includes $154,424 and $130,815 pledged as collateral) | 318,364 | 277,354 | ||
| Derivative assets | 36,236 | 39,323 | ||
| Debt securities: | ||||
| Carried at fair value | 323,119 | 276,852 | ||
| Held-to-maturity, at cost (fair value $477,748 and $496,597) | 586,863 | 594,555 | ||
| Total debt securities | 909,982 | 871,407 | ||
| Loans and leases (includes $2,938 and $3,569 measured at fair value) | 1,049,156 | 1,053,732 | ||
| Allowance for loan and lease losses | (13,213) | (13,342) | ||
| Loans and leases, net of allowance | 1,035,943 | 1,040,390 | ||
| Premises and equipment, net | 11,901 | 11,855 | ||
| Goodwill | 69,021 | 69,021 | ||
| Loans held-for-sale (includes $2,070 and $2,059 measured at fair value) | 8,571 | 6,002 | ||
| Customer and other receivables | 86,106 | 81,881 | ||
| Other assets (includes $13,935 and $11,861 measured at fair value) | 160,323 | 160,875 | ||
| Total assets | $3,273,803 | $3,180,151 | ||
| Liabilities | ||||
| Deposits in U.S. offices: | ||||
| Noninterest-bearing | $524,982 | $530,619 | ||
| Interest-bearing (includes $341 and $284 measured at fair value) | 1,304,508 | 1,273,904 | ||
| Deposits in non-U.S. offices: | ||||
| Noninterest-bearing | 16,502 | 16,427 | ||
| Interest-bearing | 100,504 | 102,877 | ||
| Total deposits | 1,946,496 | 1,923,827 | ||
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $206,867 and $178,609 measured at fair value) | 329,658 | 283,887 | ||
| Trading account liabilities | 114,326 | 95,530 | ||
| Derivative liabilities | 40,401 | 43,432 | ||
| Short-term borrowings (includes $6,611 and $4,690 measured at fair value) | 38,895 | 32,098 | ||
| Accrued expenses and other liabilities (includes $14,605 and $11,473 measured at fair value and $1,158 and $1,209 of reserve for unfunded lending commitments) | 214,129 | 207,527 | ||
| Long-term debt (includes $43,975 and $42,809 measured at fair value) | 296,346 | 302,204 | ||
| Total liabilities | 2,980,251 | 2,888,505 | ||
| Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 10 – Commitments and Contingencies) | ||||
| Shareholders’ equity | ||||
| Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,088,099 and 4,088,099 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 – 7,866,868,200 and 7,895,457,665 shares | 54,310 | 56,365 | ||
| Retained earnings | 228,902 | 224,672 | ||
| Accumulated other comprehensive income (loss) | (18,057) | (17,788) | ||
| Total shareholders’ equity | 293,552 | 291,646 | ||
| Total liabilities and shareholders’ equity | $3,273,803 | $3,180,151 | ||
| Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities) | ||||
| Trading account assets | $5,838 | $6,054 | ||
| Loans and leases | 19,250 | 18,276 | ||
| Allowance for loan and lease losses | (920) | (826) | ||
| Loans and leases, net of allowance | 18,330 | 17,450 | ||
| All other assets | 256 | 269 | ||
| Total assets of consolidated variable interest entities | $24,424 | $23,773 | ||
| Liabilities of consolidated variable interest entities included in total liabilities above | ||||
| Short-term borrowings (includes $23 and $23 of non-recourse short-term borrowings) | $3,387 | $2,957 | ||
| Long-term debt (includes $8,157 and $8,456 of non-recourse debt) | 8,157 | 8,456 | ||
| All other liabilities (includes $18 and $19 of non-recourse liabilities) | 18 | 19 | ||
| Total liabilities of consolidated variable interest entities | $11,562 | $11,432 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.