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: 2019 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net interest income | |||
| Interest income | $ 71,236 | 66,769 | 57,579 |
| Interest expense | 22,345 | 18,607 | 12,340 |
| Net interest income | 48,891 | 48,162 | 45,239 |
| Noninterest income | |||
| Fees and commissions | 33,015 | 33,078 | 33,341 |
| Market making and similar activities | 9,034 | 9,008 | 7,102 |
| Other income | 304 | 772 | 1,444 |
| Total noninterest income | 42,353 | 42,858 | 41,887 |
| Total revenue, net of interest expense | 91,244 | 91,020 | 87,126 |
| Provision for credit losses | 3,590 | 3,282 | 3,396 |
| Noninterest expense | |||
| Compensation and benefits | 31,977 | 31,880 | 31,931 |
| Occupancy and equipment | 6,588 | 6,380 | 6,264 |
| Information processing and communications | 4,646 | 4,555 | 4,530 |
| Product delivery and transaction related | 2,762 | 2,857 | 3,041 |
| Marketing | 1,934 | 1,674 | 1,746 |
| Professional fees | 1,597 | 1,699 | 1,888 |
| Other general operating | 5,396 | 4,109 | 5,117 |
| Total noninterest expense | 54,900 | 53,154 | 54,517 |
| Income before income taxes | 32,754 | 34,584 | 29,213 |
| Income tax expense | 5,324 | 6,437 | 10,981 |
| Net income | 27,430 | 28,147 | 18,232 |
| Preferred stock dividends | 1,432 | 1,451 | 1,614 |
| Net income applicable to common shareholders | 25,998 | 26,696 | 16,618 |
| Per common share information | |||
| Earnings (in dollars per share) | 2.77 | 2.64 | 1.63 |
| Diluted earnings (in dollars per share) | 2.75 | 2.61 | 1.56 |
| Average common shares issued and outstanding (in shares) | 9,390,500 | 10,096,500 | 10,195,600 |
| Average diluted common shares issued and outstanding (in shares) | 9,442,900 | 10,236,900 | 10,778,400 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2019 | |
| 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 |