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: 2018 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Interest income | |||
| Loans and leases | $ 40,811 | 36,221 | 33,228 |
| Debt securities | 11,724 | 10,471 | 9,167 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 3,176 | 2,390 | 1,118 |
| Trading account assets | 4,811 | 4,474 | 4,423 |
| Other interest income | 6,247 | 4,023 | 3,121 |
| Total interest income | 66,769 | 57,579 | 51,057 |
| Interest expense | |||
| Deposits | 4,495 | 1,931 | 1,015 |
| Short-term borrowings | 5,839 | 3,538 | 2,350 |
| Trading account liabilities | 1,358 | 1,204 | 1,018 |
| Long-term debt | 7,645 | 6,239 | 5,578 |
| Total interest expense | 19,337 | 12,912 | 9,961 |
| Net interest income | 47,432 | 44,667 | 41,096 |
| Noninterest income | |||
| Card income | 6,051 | 5,902 | 5,851 |
| Service charges | 7,767 | 7,818 | 7,638 |
| Investment and brokerage services | 14,160 | 13,836 | 13,349 |
| Investment banking income | 5,327 | 6,011 | 5,241 |
| Trading account profits | 8,540 | 7,277 | 6,902 |
| Other income | 1,970 | 1,841 | 3,624 |
| Total noninterest income | 43,815 | 42,685 | 42,605 |
| Total revenue, net of interest expense | 91,247 | 87,352 | 83,701 |
| Provision for credit losses | 3,282 | 3,396 | 3,597 |
| Noninterest expense | |||
| Personnel | 31,880 | 31,931 | 32,018 |
| Occupancy | 4,066 | 4,009 | 4,038 |
| Equipment | 1,705 | 1,692 | 1,804 |
| Marketing | 1,674 | 1,746 | 1,703 |
| Professional fees | 1,699 | 1,888 | 1,971 |
| Data processing | 3,222 | 3,139 | 3,007 |
| Telecommunications | 699 | 699 | 746 |
| Other general operating | 8,436 | 9,639 | 9,796 |
| Total noninterest expense | 53,381 | 54,743 | 55,083 |
| Income before income taxes | 34,584 | 29,213 | 25,021 |
| Income tax expense | 6,437 | 10,981 | 7,199 |
| Net income | 28,147 | 18,232 | 17,822 |
| Preferred stock dividends | 1,451 | 1,614 | 1,682 |
| Net income applicable to common shareholders | 26,696 | 16,618 | 16,140 |
| Per common share information | |||
| Earnings (in dollars per share) | 2.64 | 1.63 | 1.57 |
| Diluted earnings (in dollars per share) | 2.61 | 1.56 | 1.49 |
| Average common shares issued and outstanding (in shares) | 10,096,500 | 10,195,600 | 10,284,100 |
| Average diluted common shares issued and outstanding (in shares) | 10,236,900 | 10,778,400 | 11,046,800 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2018 | |
| 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 |