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: 2021 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net interest income | |||
| Interest income | $ 47,672 | 51,585 | 71,236 |
| Interest expense | 4,738 | 8,225 | 22,345 |
| Net interest income | 42,934 | 43,360 | 48,891 |
| Noninterest income | |||
| Fees and commissions | 39,299 | 34,551 | 33,015 |
| Market making and similar activities | 8,691 | 8,355 | 9,034 |
| Other income | (1,811) | (738) | 304 |
| Total noninterest income | 46,179 | 42,168 | 42,353 |
| Total revenue, net of interest expense | 89,113 | 85,528 | 91,244 |
| Provision for credit losses | (4,594) | 11,320 | 3,590 |
| Noninterest expense | |||
| Compensation and benefits | 36,140 | 32,725 | 31,977 |
| Occupancy and equipment | 7,138 | 7,141 | 6,588 |
| Information processing and communications | 5,769 | 5,222 | 4,646 |
| Product delivery and transaction related | 3,881 | 3,433 | 2,762 |
| Marketing | 1,939 | 1,701 | 1,934 |
| Professional fees | 1,775 | 1,694 | 1,597 |
| Other general operating | 3,089 | 3,297 | 5,396 |
| Total noninterest expense | 59,731 | 55,213 | 54,900 |
| Income before income taxes | 33,976 | 18,995 | 32,754 |
| Income tax expense | 1,998 | 1,101 | 5,324 |
| Net income | 31,978 | 17,894 | 27,430 |
| Preferred stock dividends | 1,421 | 1,421 | 1,432 |
| Net income applicable to common shareholders | 30,557 | 16,473 | 25,998 |
| Per common share information | |||
| Earnings (in dollars per share) | 3.60 | 1.88 | 2.77 |
| Diluted earnings (in dollars per share) | 3.57 | 1.87 | 2.75 |
| Average common shares issued and outstanding (in shares) | 8,493,300 | 8,753,200 | 9,390,500 |
| Average diluted common shares issued and outstanding (in shares) | 8,558,400 | 8,796,900 | 9,442,900 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2021 | |
| 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 |