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: 2022 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 22, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net interest income | |||
| Interest income | $ 72,565 | 47,672 | 51,585 |
| Interest expense | 20,103 | 4,738 | 8,225 |
| Net interest income | 52,462 | 42,934 | 43,360 |
| Noninterest income | |||
| Fees and commissions | 33,212 | 39,299 | 34,551 |
| Market making and similar activities | 12,075 | 8,691 | 8,355 |
| Other income | (2,799) | (1,811) | (738) |
| Total noninterest income | 42,488 | 46,179 | 42,168 |
| Total revenue, net of interest expense | 94,950 | 89,113 | 85,528 |
| Provision for credit losses | 2,543 | (4,594) | 11,320 |
| Noninterest expense | |||
| Compensation and benefits | 36,447 | 36,140 | 32,725 |
| Occupancy and equipment | 7,071 | 7,138 | 7,141 |
| Information processing and communications | 6,279 | 5,769 | 5,222 |
| Product delivery and transaction related | 3,653 | 3,881 | 3,433 |
| Professional fees | 2,142 | 1,775 | 1,694 |
| Marketing | 1,825 | 1,939 | 1,701 |
| Other general operating | 4,021 | 3,089 | 3,297 |
| Total noninterest expense | 61,438 | 59,731 | 55,213 |
| Income before income taxes | 30,969 | 33,976 | 18,995 |
| Income tax expense | 3,441 | 1,998 | 1,101 |
| Net income | 27,528 | 31,978 | 17,894 |
| Preferred stock dividends and other | 1,513 | 1,421 | 1,421 |
| Net income applicable to common shareholders | 26,015 | 30,557 | 16,473 |
| Per common share information | |||
| Earnings (in dollars per share) | 3.21 | 3.60 | 1.88 |
| Diluted earnings (in dollars per share) | 3.19 | 3.57 | 1.87 |
| Average common shares issued and outstanding (in shares) | 8,113,700 | 8,493,300 | 8,753,200 |
| Average diluted common shares issued and outstanding (in shares) | 8,167,500 | 8,558,400 | 8,796,900 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2022 | |
| 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 |