10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2013 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Interest income | |||
| Loans and leases | $ 36,470 | 38,880 | 44,966 |
| Debt securities | 9,749 | 8,908 | 9,525 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,229 | 1,502 | 2,147 |
| Trading account assets | 4,706 | 5,094 | 5,961 |
| Other interest income | 2,866 | 3,016 | 3,637 |
| Total interest income | 55,020 | 57,400 | 66,236 |
| Interest expense | |||
| Deposits | 1,396 | 1,990 | 3,002 |
| Short-term borrowings | 2,923 | 3,572 | 4,599 |
| Trading account liabilities | 1,638 | 1,763 | 2,212 |
| Long-term debt | 6,798 | 9,419 | 11,807 |
| Total interest expense | 12,755 | 16,744 | 21,620 |
| Net interest income | 42,265 | 40,656 | 44,616 |
| Noninterest income | |||
| Card income | 5,826 | 6,121 | 7,184 |
| Service charges | 7,390 | 7,600 | 8,094 |
| Investment and brokerage services | 12,282 | 11,393 | 11,826 |
| Investment banking income | 6,126 | 5,299 | 5,217 |
| Equity investment income | 2,901 | 2,070 | 7,360 |
| Trading account profits | 7,056 | 5,870 | 6,697 |
| Mortgage banking income (loss) | 3,874 | 4,750 | (8,830) |
| Gains on sales of debt securities | 1,271 | 1,662 | 3,374 |
| Other income (loss) | (29) | (2,034) | 8,215 |
| Other-than-temporary impairment losses on available-for-sale debt securities: | |||
| Total other-than-temporary impairment losses | (21) | (57) | (360) |
| Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income | 1 | 4 | 61 |
| Net impairment losses recognized in earnings on available-for-sale debt securities | (20) | (53) | (299) |
| Total noninterest income | 46,677 | 42,678 | 48,838 |
| Total revenue, net of interest expense | 88,942 | 83,334 | 93,454 |
| Provision for credit losses | 3,556 | 8,169 | 13,410 |
| Noninterest expense | |||
| Personnel | 34,719 | 35,648 | 36,965 |
| Occupancy | 4,475 | 4,570 | 4,748 |
| Equipment | 2,146 | 2,269 | 2,340 |
| Marketing | 1,834 | 1,873 | 2,203 |
| Professional fees | 2,884 | 3,574 | 3,381 |
| Amortization of intangibles | 1,086 | 1,264 | 1,509 |
| Data processing | 3,170 | 2,961 | 2,652 |
| Telecommunications | 1,593 | 1,660 | 1,553 |
| Other general operating | 17,307 | 18,274 | 21,101 |
| Goodwill impairment | 3,184 | ||
| Merger and restructuring charges | 638 | ||
| Total noninterest expense | 69,214 | 72,093 | 80,274 |
| Income (loss) before income taxes | 16,172 | 3,072 | (230) |
| Income tax expense (benefit) | 4,741 | (1,116) | (1,676) |
| Net income (loss) | 11,431 [1] | 4,188 | 1,446 |
| Preferred stock dividends | 1,349 | 1,428 | 1,361 |
| Net income applicable to common shareholders | 10,082 | 2,760 | 85 |
| Per common share information | |||
| Earnings (in dollars per share) | 0.94 | 0.26 | 0.01 |
| Diluted earnings (in dollars per share) | 0.90 | 0.25 | 0.01 |
| Dividends paid (in dollars per share) | 0.04 | 0.04 | 0.04 |
| Average common shares issued and outstanding (in thousands) | 10,731,165 | 10,746,028 | 10,142,625 |
| Average diluted common shares issued and outstanding (in thousands) | 11,491,418 | 10,840,854 | 10,254,824 |
| [1] There were no material intersegment revenues. | |||
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2013 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |