BANK OF AMERICA CORP DE
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Non-GAAP Reconciliations
Tables 47 and 48 provide reconciliations of certain non-GAAP financial measures to GAAP financial measures.
| Table 47 | Annual Reconciliations to GAAP Financial Measures (1) | ||
|---|---|---|---|
| (Dollars in millions, shares in thousands) | 2024 | 2023 | 2022 |
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | |||
| Shareholders’ equity | $294,014 | $283,353 | $270,299 |
| Goodwill | (69,021) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (1,961) | (2,039) | (2,117) |
| Related deferred tax liabilities | 866 | 893 | 922 |
| Tangible shareholders’ equity | $223,898 | $213,185 | $200,082 |
| Preferred stock | (26,487) | (28,397) | (28,318) |
| Tangible common shareholders’ equity | $197,411 | $184,788 | $171,764 |
| Reconciliation of year-end shareholders’ equity to year-end tangible shareholders’ equity and year-end tangible common shareholders’ equity | |||
| Shareholders’ equity | $295,559 | $291,646 | $273,197 |
| Goodwill | (69,021) | (69,021) | (69,022) |
| Intangible assets (excluding MSRs) | (1,919) | (1,997) | (2,075) |
| Related deferred tax liabilities | 851 | 874 | 899 |
| Tangible shareholders’ equity | $225,470 | $221,502 | $202,999 |
| Preferred stock | (23,159) | (28,397) | (28,397) |
| Tangible common shareholders’ equity | $202,311 | $193,105 | $174,602 |
| Reconciliation of year-end assets to year-end tangible assets | |||
| Assets | $3,261,519 | $3,180,151 | $3,051,375 |
| Goodwill | (69,021) | (69,021) | (69,022) |
| Intangible assets (excluding MSRs) | (1,919) | (1,997) | (2,075) |
| Related deferred tax liabilities | 851 | 874 | 899 |
| Tangible assets | $3,191,430 | $3,110,007 | $2,981,177 |
(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. 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 30.
| Table 48 | Quarterly Reconciliations to GAAP Financial Measures (1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 2024 Quarters | 2023 Quarters | |||||||
| (Dollars in millions) | Fourth | Third | Second | First | Fourth | Third | Second | First |
| Reconciliation of average shareholders’ equity to average tangible shareholders’ equity and average tangible common shareholders’ equity | ||||||||
| Shareholders’ equity | $295,134 | $294,985 | $293,403 | $292,511 | $288,618 | $284,975 | $282,425 | $277,252 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,022) | (69,022) |
| Intangible assets (excluding MSRs) | (1,932) | (1,951) | (1,971) | (1,990) | (2,010) | (2,029) | (2,049) | (2,068) |
| Related deferred tax liabilities | 859 | 864 | 869 | 874 | 886 | 890 | 895 | 899 |
| Tangible shareholders’ equity | $225,040 | $224,877 | $223,280 | $222,374 | $218,473 | $214,815 | $212,249 | $207,061 |
| Preferred stock | (23,493) | (25,984) | (28,113) | (28,397) | (28,397) | (28,397) | (28,397) | (28,397) |
| Tangible common shareholders’ equity | $201,547 | $198,893 | $195,167 | $193,977 | $190,076 | $186,418 | $183,852 | $178,664 |
| Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity and period-end tangible common shareholders’ equity | ||||||||
| Shareholders’ equity | $295,559 | $296,512 | $293,892 | $293,552 | $291,646 | $287,064 | $283,319 | $280,196 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,022) |
| Intangible assets (excluding MSRs) | (1,919) | (1,938) | (1,958) | (1,977) | (1,997) | (2,016) | (2,036) | (2,055) |
| Related deferred tax liabilities | 851 | 859 | 864 | 869 | 874 | 886 | 890 | 895 |
| Tangible shareholders’ equity | $225,470 | $226,412 | $223,777 | $223,423 | $221,502 | $216,913 | $213,152 | $210,014 |
| Preferred stock | (23,159) | (24,554) | (26,548) | (28,397) | (28,397) | (28,397) | (28,397) | (28,397) |
| Tangible common shareholders’ equity | $202,311 | $201,858 | $197,229 | $195,026 | $193,105 | $188,516 | $184,755 | $181,617 |
| Reconciliation of period-end assets to period-end tangible assets | ||||||||
| Assets | $3,261,519 | $3,324,293 | $3,257,996 | $3,273,803 | $3,180,151 | $3,153,090 | $3,123,198 | $3,194,657 |
| Goodwill | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,021) | (69,022) |
| Intangible assets (excluding MSRs) | (1,919) | (1,938) | (1,958) | (1,977) | (1,997) | (2,016) | (2,036) | (2,055) |
| Related deferred tax liabilities | 851 | 859 | 864 | 869 | 874 | 886 | 890 | 895 |
| Tangible assets | $3,191,430 | $3,254,193 | $3,187,881 | $3,203,674 | $3,110,007 | $3,082,939 | $3,053,031 | $3,124,475 |
(1)Presents reconciliations of non-GAAP financial measures to GAAP financial measures. 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 30.
85 Bank of America
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.