BANK OF AMERICA CORP DE
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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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.
Sep 30, 2024 · Filed Oct 29, 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 | ||||
|---|---|---|---|---|
| September 302024 · December 312023 | ||||
| (Dollars in millions) | ||||
| Assets | ||||
| Cash and due from banks | $24,847 | $27,892 | ||
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 270,742 | 305,181 | ||
| Cash and cash equivalents | 295,589 | 333,073 | ||
| Time deposits placed and other short-term investments | 8,151 | 8,346 | ||
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $176,229 and $133,053 measured at fair value) | 337,706 | 280,624 | ||
| Trading account assets (includes $181,996 and $130,815 pledged as collateral) | 342,135 | 277,354 | ||
| Derivative assets | 34,182 | 39,323 | ||
| Debt securities: | ||||
| Carried at fair value | 325,436 | 276,852 | ||
| Held-to-maturity, at cost (fair value $481,887 and $496,597) | 567,553 | 594,555 | ||
| Total debt securities | 892,989 | 871,407 | ||
| Loans and leases (includes $4,172 and $3,569 measured at fair value) | 1,075,800 | 1,053,732 | ||
| Allowance for loan and lease losses | (13,251) | (13,342) | ||
| Loans and leases, net of allowance | 1,062,549 | 1,040,390 | ||
| Premises and equipment, net | 12,033 | 11,855 | ||
| Goodwill | 69,021 | 69,021 | ||
| Loans held-for-sale (includes $3,141 and $2,059 measured at fair value) | 10,351 | 6,002 | ||
| Customer and other receivables | 91,267 | 81,881 | ||
| Other assets (includes $17,254 and $11,861 measured at fair value) | 168,320 | 160,875 | ||
| Total assets | $3,324,293 | $3,180,151 | ||
| Liabilities | ||||
| Deposits in U.S. offices: | ||||
| Noninterest-bearing | $498,263 | $530,619 | ||
| Interest-bearing (includes $443 and $284 measured at fair value) | 1,308,856 | 1,273,904 | ||
| Deposits in non-U.S. offices: | ||||
| Noninterest-bearing | 15,457 | 16,427 | ||
| Interest-bearing | 107,776 | 102,877 | ||
| Total deposits | 1,930,352 | 1,923,827 | ||
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $243,431 and $178,609 measured at fair value) | 397,958 | 283,887 | ||
| Trading account liabilities | 98,316 | 95,530 | ||
| Derivative liabilities | 43,131 | 43,432 | ||
| Short-term borrowings (includes $6,478 and $4,690 measured at fair value) | 38,440 | 32,098 | ||
| Accrued expenses and other liabilities (includes $16,036 and $11,473 measured at fair value and $1,100 and $1,209 of reserve for unfunded lending commitments) | 222,657 | 207,527 | ||
| Long-term debt (includes $53,554 and $42,809 measured at fair value) | 296,927 | 302,204 | ||
| Total liabilities | 3,027,781 | 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 – 3,933,917 and 4,088,099 shares | 24,554 | 28,397 | ||
| Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,688,767,832 and 7,895,457,665 shares | 48,338 | 56,365 | ||
| Retained earnings | 237,954 | 224,672 | ||
| Accumulated other comprehensive income (loss) | (14,334) | (17,788) | ||
| Total shareholders’ equity | 296,512 | 291,646 | ||
| Total liabilities and shareholders’ equity | $3,324,293 | $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 | $6,280 | $6,054 | ||
| Loans and leases | 19,267 | 18,276 | ||
| Allowance for loan and lease losses | (923) | (826) | ||
| Loans and leases, net of allowance | 18,344 | 17,450 | ||
| All other assets | 278 | 269 | ||
| Total assets of consolidated variable interest entities | $24,902 | $23,773 | ||
| Liabilities of consolidated variable interest entities included in total liabilities above | ||||
| Short-term borrowings (includes $0 and $23 of non-recourse short-term borrowings) | $3,542 | $2,957 | ||
| Long-term debt (includes $8,873 and $8,456 of non-recourse debt) | 8,873 | 8,456 | ||
| All other liabilities (includes $22 and $19 of non-recourse liabilities) | 22 | 19 | ||
| Total liabilities of consolidated variable interest entities | $12,437 | $11,432 | ||
51 Bank of America
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