BANK OF AMERICA CORP DE
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
BAC$50.68+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Income Consolidated Statement of Comprehensive Income
| Consolidated Statement of Income | |||
|---|---|---|---|
| (In millions, except per share information) | 2024 | 2023 | 2022 |
| Net interest income | |||
| Interest income | $146,607 | $130,262 | $72,565 |
| Interest expense | 90,547 | 73,331 | 20,103 |
| Net interest income | 56,060 | 56,931 | 52,462 |
| Noninterest income | |||
| Fees and commissions | 36,291 | 32,009 | 33,212 |
| Market making and similar activities | 12,967 | 12,732 | 12,075 |
| Other income (loss) | (3,431) | (3,091) | (2,799) |
| Total noninterest income | 45,827 | 41,650 | 42,488 |
| Total revenue, net of interest expense | 101,887 | 98,581 | 94,950 |
| Provision for credit losses | 5,821 | 4,394 | 2,543 |
| Noninterest expense | |||
| Compensation and benefits | 40,182 | 38,330 | 36,447 |
| Occupancy and equipment | 7,289 | 7,164 | 7,071 |
| Information processing and communications | 7,231 | 6,707 | 6,279 |
| Product delivery and transaction related | 3,494 | 3,608 | 3,653 |
| Professional fees | 2,669 | 2,159 | 2,142 |
| Marketing | 1,956 | 1,927 | 1,825 |
| Other general operating | 3,991 | 5,950 | 4,021 |
| Total noninterest expense | 66,812 | 65,845 | 61,438 |
| Income before income taxes | 29,254 | 28,342 | 30,969 |
| Income tax expense | 2,122 | 1,827 | 3,441 |
| Net income | $27,132 | $26,515 | $27,528 |
| Preferred stock dividends | 1,629 | 1,649 | 1,513 |
| Net income applicable to common shareholders | $25,503 | $24,866 | $26,015 |
| Per common share information | |||
| Earnings | $3.25 | $3.10 | $3.21 |
| Diluted earnings | 3.21 | 3.08 | 3.19 |
| Average common shares issued and outstanding | 7,855.5 | 8,028.6 | 8,113.7 |
| Average diluted common shares issued and outstanding | 7,935.8 | 8,080.5 | 8,167.5 |
| Consolidated Statement of Comprehensive Income | |||
|---|---|---|---|
| (Dollars in millions) | 2024 | 2023 | 2022 |
| Net income | $27,132 | $26,515 | $27,528 |
| Other comprehensive income (loss), net-of-tax: | |||
| Net change in debt securities | 158 | 573 | (6,028) |
| Net change in debit valuation adjustments | (127) | (686) | 755 |
| Net change in derivatives | 2,428 | 3,919 | (10,055) |
| Employee benefit plan adjustments | 131 | (439) | (667) |
| Net change in foreign currency translation adjustments | (87) | 1 | (57) |
| Other comprehensive income (loss) | 2,503 | 3,368 | (16,052) |
| Comprehensive income (loss) | $29,635 | $29,883 | $11,476 |
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