BANK OF AMERICA CORP DE
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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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.
FY2024 · Filed Feb 25, 2025
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 | ||||
|---|---|---|---|---|
| (Dollars in millions) · December 312024 · December 312023 | ||||
| Assets | ||||
| Cash and due from banks | $26,003 | $27,892 | ||
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 264,111 | 305,181 | ||
| Cash and cash equivalents | 290,114 | 333,073 | ||
| Time deposits placed and other short-term investments | 6,372 | 8,346 | ||
| Federal funds sold and securities borrowed or purchased under agreements to resell (includes $144,501 and $133,053 measured at fair value) | 274,709 | 280,624 | ||
| Trading account assets (includes $170,328 and $130,815 pledged as collateral) | 314,460 | 277,354 | ||
| Derivative assets | 40,948 | 39,323 | ||
| Debt securities: | ||||
| Carried at fair value | 358,607 | 276,852 | ||
| Held-to-maturity, at cost (fair value $450,548 and $496,597) | 558,677 | 594,555 | ||
| Total debt securities | 917,284 | 871,407 | ||
| Loans and leases (includes $4,249 and $3,569 measured at fair value) | 1,095,835 | 1,053,732 | ||
| Allowance for loan and lease losses | (13,240) | (13,342) | ||
| Loans and leases, net of allowance | 1,082,595 | 1,040,390 | ||
| Premises and equipment, net | 12,168 | 11,855 | ||
| Goodwill | 69,021 | 69,021 | ||
| Loans held-for-sale (includes $2,214 and $2,059 measured at fair value) | 9,545 | 6,002 | ||
| Customer and other receivables | 82,247 | 81,881 | ||
| Other assets (includes $13,176 and $11,861 measured at fair value) | 162,056 | 160,875 | ||
| Total assets | $3,261,519 | $3,180,151 | ||
| Liabilities | ||||
| Deposits in U.S. offices: | ||||
| Noninterest-bearing | $507,561 | $530,619 | ||
| Interest-bearing (includes $310 and $284 measured at fair value) | 1,329,014 | 1,273,904 | ||
| Deposits in non-U.S. offices: | ||||
| Noninterest-bearing | 16,297 | 16,427 | ||
| Interest-bearing | 112,595 | 102,877 | ||
| Total deposits | 1,965,467 | 1,923,827 | ||
| Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $192,859 and $178,609 measured at fair value) | 331,758 | 283,887 | ||
| Trading account liabilities | 92,543 | 95,530 | ||
| Derivative liabilities | 39,353 | 43,432 | ||
| Short-term borrowings (includes $6,245 and $4,690 measured at fair value) | 43,391 | 32,098 | ||
| Accrued expenses and other liabilities (includes $13,199 and $11,473 measured at fair value and $1,096 and $1,209 of reserve for unfunded lending commitments) | 210,169 | 207,527 | ||
| Long-term debt (includes $50,005 and $42,809 measured at fair value) | 283,279 | 302,204 | ||
| Total liabilities | 2,965,960 | 2,888,505 | ||
| 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 – 3,877,917 and 4,088,099 shares | 23,159 | 28,397 | ||
| Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,610,862,311 and 7,895,457,665 shares | 45,336 | 56,365 | ||
| Retained earnings | 242,349 | 224,672 | ||
| Accumulated other comprehensive income (loss) | (15,285) | (17,788) | ||
| Total shareholders’ equity | 295,559 | 291,646 | ||
| Total liabilities and shareholders’ equity | $3,261,519 | $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 | $5,575 | $6,054 | ||
| Loans and leases | 19,144 | 18,276 | ||
| Allowance for loan and lease losses | (919) | (826) | ||
| Loans and leases, net of allowance | 18,225 | 17,450 | ||
| All other assets | 319 | 269 | ||
| Total assets of consolidated variable interest entities | $24,119 | $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) | $3,329 | $2,957 | ||
| Long-term debt (includes $8,457 and $8,456 of non-recourse debt) | 8,457 | 8,456 | ||
| All other liabilities (includes $21 and $19 of non-recourse liabilities) | 21 | 19 | ||
| Total liabilities of consolidated variable interest entities | $11,807 | $11,432 | ||
91 Bank of America
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