BAC Income Statement

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Interest income
Loans and leases 9.18B
Debt securities 2.55B
Federal funds sold and securities borrowed or purchased under agreements to resell 315M
Trading account assets 1.34B
Other interest income 722M
Total interest income 14.1B
Interest expense
Deposits 382M
Short-term borrowings 749M
Trading account liabilities 472M
Long-term debt 1.83B
Total interest expense 3.44B
Net interest income 10.66B
Noninterest income
Card income
Service charges 1.8B
Investment and brokerage services 3.03B
Investment banking income 1.54B
Equity investment income 563M
Trading account profits 2.99B
Mortgage banking income (loss) 1.26B
Insurance income
Gains on sales of debt securities 68M
Other income -112M
Other-than-temporary impairment losses on available-for-sale debt securities:
Total other-than-temporary impairment losses -14M
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income 5M
Net impairment losses recognized in earnings on available-for-sale debt securities -9M
Total noninterest income 12.53B
Total revenue, net of interest expense 23.2B
Provision for credit losses 1.71B
Noninterest expense
Personnel 9.89B
Occupancy 1.15B
Equipment 550M
Marketing 429M
Professional fees 649M
Amortization of intangibles 276M
Data processing 812M
Telecommunications 409M
Other general operating 5.33B
Goodwill impairment
Merger and restructuring charges
Total noninterest expense 19.5B
Income before income taxes 1.98B
Income tax expense 501M
Net income 1.48B
Preferred stock dividends 373M
Net income applicable to common shareholders 1.11B
Per common share information
Earnings 0.1
Diluted earnings 0.1
Dividends paid 0.01
Average common shares issued and outstanding (in thousands) 10.8B
Average diluted common shares issued and outstanding (in thousands) 11.15B

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