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: 2015 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Interest income | |||
| Loans and leases | $ 32,070 | 34,307 | 36,470 |
| Debt securities | 9,319 | 8,021 | 9,749 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 988 | 1,039 | 1,229 |
| Trading account assets | 4,397 | 4,561 | 4,706 |
| Other interest income | 3,026 | 2,958 | 2,866 |
| Total interest income | 49,800 | 50,886 | 55,020 |
| Interest expense | |||
| Deposits | 861 | 1,080 | 1,396 |
| Short-term borrowings | 2,387 | 2,578 | 2,923 |
| Trading account liabilities | 1,343 | 1,576 | 1,638 |
| Long-term debt | 5,958 | 5,700 | 6,798 |
| Total interest expense | 10,549 | 10,934 | 12,755 |
| Net interest income | 39,251 | 39,952 | 42,265 |
| Noninterest income | |||
| Card income | 5,959 | 5,944 | 5,826 |
| Service charges | 7,381 | 7,443 | 7,390 |
| Investment and brokerage services | 13,337 | 13,284 | 12,282 |
| Investment banking income | 5,572 | 6,065 | 6,126 |
| Equity investment income | 261 | 1,130 | 2,901 |
| Trading account profits | 6,473 | 6,309 | 7,056 |
| Mortgage banking income | 2,364 | 1,563 | 3,874 |
| Gains on sales of debt securities | 1,091 | 1,354 | 1,271 |
| Other income (loss) | 818 | 1,203 | (49) |
| Total noninterest income | 43,256 | 44,295 | 46,677 |
| Total revenue, net of interest expense | 82,507 | 84,247 | 88,942 |
| Provision for credit losses | 3,161 | 2,275 | 3,556 |
| Noninterest expense | |||
| Personnel | 32,868 | 33,787 | 34,719 |
| Occupancy | 4,093 | 4,260 | 4,475 |
| Equipment | 2,039 | 2,125 | 2,146 |
| Marketing | 1,811 | 1,829 | 1,834 |
| Professional fees | 2,264 | 2,472 | 2,884 |
| Amortization of intangibles | 834 | 936 | 1,086 |
| Data processing | 3,115 | 3,144 | 3,170 |
| Telecommunications | 823 | 1,259 | 1,593 |
| Other general operating | 9,345 | 25,305 | 17,307 |
| Total noninterest expense | 57,192 | 75,117 | 69,214 |
| Income before income taxes | 22,154 | 6,855 | 16,172 |
| Income tax expense | 6,266 | 2,022 | 4,741 |
| Net income | 15,888 | 4,833 | 11,431 |
| Preferred stock dividends | 1,483 | 1,044 | 1,349 |
| Net income applicable to common shareholders | 14,405 | 3,789 | 10,082 |
| Per common share information | |||
| Earnings (in dollars per share) | 1.3800 | 0.3600 | 0.9400 |
| Diluted earnings (in dollars per share) | 1.3100 | 0.3600 | 0.9000 |
| Dividends paid (in dollars per share) | 0.2000 | 0.1200 | 0.0400 |
| Average common shares issued and outstanding (in thousands) (in shares) | 10,462,282 | 10,527,818 | 10,731,165 |
| Average diluted common shares issued and outstanding (in thousands) (in shares) | 11,213,992 | 10,584,535 | 11,491,418 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2015 | |
| 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 |