BANK OF AMERICA CORP DE
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
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Non-GAAP Reconciliations
Table 43 provides reconciliations of certain non-GAAP financial measures to the most directly comparable GAAP financial measures.
| Table 43 | Average and Period-end Supplemental Financial Data and Reconciliations to GAAP Financial Measures (1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 Quarters · 2023 Quarters · Six Months EndedJune 30 | ||||||||||
| (Dollars in millions) · Second · First · Fourth · Third · Second · 2024 · 2023 | ||||||||||
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | ||||||||||
| Shareholders’ equity | $293,403 | $292,511 | $288,618 | $284,975 | $282,425 | $292,957 | $279,853 | |||
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,022) | (69,021) | (69,022) | |||
| Intangible assets (excluding MSRs) | (1,971) | (1,990) | (2,010) | (2,029) | (2,049) | (1,980) | (2,058) | |||
| Related deferred tax liabilities | 869 | 874 | 886 | 890 | 895 | 871 | 897 | |||
| Tangible shareholders’ equity | $223,280 | $222,374 | $218,473 | $214,815 | $212,249 | $222,827 | $209,670 | |||
| Preferred stock | (28,113) | (28,397) | (28,397) | (28,397) | (28,397) | (28,255) | (28,397) | |||
| Tangible common shareholders’ equity | $195,167 | $193,977 | $190,076 | $186,418 | $183,852 | $194,572 | $181,273 | |||
| Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity | ||||||||||
| Shareholders’ equity | $293,892 | $293,552 | $291,646 | $287,064 | $283,319 | |||||
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | |||||
| Intangible assets (excluding MSRs) | (1,958) | (1,977) | (1,997) | (2,016) | (2,036) | |||||
| Related deferred tax liabilities | 864 | 869 | 874 | 886 | 890 | |||||
| Tangible shareholders’ equity | $223,777 | $223,423 | $221,502 | $216,913 | $213,152 | |||||
| Preferred stock | (26,548) | (28,397) | (28,397) | (28,397) | (28,397) | |||||
| Tangible common shareholders’ equity | $197,229 | $195,026 | $193,105 | $188,516 | $184,755 | |||||
| Reconciliation of period-end assets to period-end tangible assets | ||||||||||
| Assets | $3,257,996 | $3,273,803 | $3,180,151 | $3,153,090 | $3,123,198 | |||||
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | |||||
| Intangible assets (excluding MSRs) | (1,958) | (1,977) | (1,997) | (2,016) | (2,036) | |||||
| Related deferred tax liabilities | 864 | 869 | 874 | 886 | 890 | |||||
| Tangible assets | $3,187,881 | $3,203,674 | $3,110,007 | $3,082,939 | $3,053,031 | |||||
(1)For more information on non-GAAP financial measures and ratios we use in assessing the results of the Corporation, see Supplemental Financial Data on page 6.
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