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: 2014 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Interest income | |||
| Loans and leases | $ 34,307 | 36,470 | 38,880 |
| Debt securities | 8,021 | 9,749 | 8,908 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,039 | 1,229 | 1,502 |
| Trading account assets | 4,561 | 4,706 | 5,094 |
| Other interest income | 2,958 | 2,866 | 3,016 |
| Total interest income | 50,886 | 55,020 | 57,400 |
| Interest expense | |||
| Deposits | 1,080 | 1,396 | 1,990 |
| Short-term borrowings | 2,578 | 2,923 | 3,572 |
| Trading account liabilities | 1,576 | 1,638 | 1,763 |
| Long-term debt | 5,700 | 6,798 | 9,419 |
| Total interest expense | 10,934 | 12,755 | 16,744 |
| Net interest income | 39,952 | 42,265 | 40,656 |
| Noninterest income | |||
| Card income | 5,944 | 5,826 | 6,121 |
| Service charges | 7,443 | 7,390 | 7,600 |
| Investment and brokerage services | 13,284 | 12,282 | 11,393 |
| Investment banking income | 6,065 | 6,126 | 5,299 |
| Equity investment income | 1,130 | 2,901 | 2,070 |
| Trading account profits | 6,309 | 7,056 | 5,870 |
| Mortgage banking income | 1,563 | 3,874 | 4,750 |
| Gains on sales of debt securities | 1,354 | 1,271 | 1,662 |
| Other income (loss) | 1,203 | (49) | (2,087) |
| Total noninterest income | 44,295 | 46,677 | 42,678 |
| Total revenue, net of interest expense | 84,247 | 88,942 | 83,334 |
| Provision for credit losses | 2,275 | 3,556 | 8,169 |
| Noninterest expense | |||
| Personnel | 33,787 | 34,719 | 35,648 |
| Occupancy | 4,260 | 4,475 | 4,570 |
| Equipment | 2,125 | 2,146 | 2,269 |
| Marketing | 1,829 | 1,834 | 1,873 |
| Professional fees | 2,472 | 2,884 | 3,574 |
| Amortization of intangibles | 936 | 1,086 | 1,264 |
| Data processing | 3,144 | 3,170 | 2,961 |
| Telecommunications | 1,259 | 1,593 | 1,660 |
| Other general operating | 25,305 | 17,307 | 18,274 |
| Total noninterest expense | 75,117 | 69,214 | 72,093 |
| Income before income taxes | 6,855 | 16,172 | 3,072 |
| Income tax expense (benefit) | 2,022 | 4,741 | (1,116) |
| Net income | 4,833 | 11,431 | 4,188 |
| Preferred stock dividends | 1,044 | 1,349 | 1,428 |
| Net income applicable to common shareholders | 3,789 | 10,082 | 2,760 |
| Per common share information | |||
| Earnings (in dollars per share) | 0.36 | 0.94 | 0.26 |
| Diluted earnings (in dollars per share) | 0.36 | 0.90 | 0.25 |
| Dividends paid (in dollars per share) | 0.12 | 0.04 | 0.04 |
| Average common shares issued and outstanding (in thousands) | 10,527,818 | 10,731,165 | 10,746,028 |
| Average diluted common shares issued and outstanding (in thousands) | 10,584,535 | 11,491,418 | 10,840,854 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2014 | |
| 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 |