BANK OF AMERICA CORP DE
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Non-GAAP Reconciliations
Table 42 provides reconciliations of certain non-GAAP financial measures to the most directly comparable GAAP financial measures.
| Table 42 | Average and Period-end Supplemental Financial Data and Reconciliations to GAAP Financial Measures (1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 Quarters · 2023 Quarters · Nine Months EndedSeptember 30 | ||||||||||
| (Dollars in millions) · Third · Second · First · Fourth · Third · 2024 · 2023 | ||||||||||
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | ||||||||||
| Shareholders’ equity | $294,985 | $293,403 | $292,511 | $288,618 | $284,975 | $293,638 | $281,579 | |||
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,022) | |||
| Intangible assets (excluding MSRs) | (1,951) | (1,971) | (1,990) | (2,010) | (2,029) | (1,971) | (2,049) | |||
| Related deferred tax liabilities | 864 | 869 | 874 | 886 | 890 | 869 | 895 | |||
| Tangible shareholders’ equity | $224,877 | $223,280 | $222,374 | $218,473 | $214,815 | $223,515 | $211,403 | |||
| Preferred stock | (25,984) | (28,113) | (28,397) | (28,397) | (28,397) | (27,493) | (28,397) | |||
| Tangible common shareholders’ equity | $198,893 | $195,167 | $193,977 | $190,076 | $186,418 | $196,022 | $183,006 | |||
| Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity | ||||||||||
| Shareholders’ equity | $296,512 | $293,892 | $293,552 | $291,646 | $287,064 | |||||
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | |||||
| Intangible assets (excluding MSRs) | (1,938) | (1,958) | (1,977) | (1,997) | (2,016) | |||||
| Related deferred tax liabilities | 859 | 864 | 869 | 874 | 886 | |||||
| Tangible shareholders’ equity | $226,412 | $223,777 | $223,423 | $221,502 | $216,913 | |||||
| Preferred stock | (24,554) | (26,548) | (28,397) | (28,397) | (28,397) | |||||
| Tangible common shareholders’ equity | $201,858 | $197,229 | $195,026 | $193,105 | $188,516 | |||||
| Reconciliation of period-end assets to period-end tangible assets | ||||||||||
| Assets | $3,324,293 | $3,257,996 | $3,273,803 | $3,180,151 | $3,153,090 | |||||
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | |||||
| Intangible assets (excluding MSRs) | (1,938) | (1,958) | (1,977) | (1,997) | (2,016) | |||||
| Related deferred tax liabilities | 859 | 864 | 869 | 874 | 886 | |||||
| Tangible assets | $3,254,193 | $3,187,881 | $3,203,674 | $3,110,007 | $3,082,939 | |||||
(1)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 6.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.