Edition:
United States

Income Statements: Bank of America Corp (BAC)

BAC on New York Consolidated

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22 May 2017
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Interim Income Statement
View: AnnualInterim

In Millions ofU.S. Dollars
(except for per share items)
2017
2017-03-31
Period Length
3 Months
Interest Income, Bank 13,710.0
Total Interest Expense 2,652.0
Net Interest Income 11,058.0
Loan Loss Provision 835.0
Net Interest Inc. After Loan Loss Prov. 10,223.0
Non-Interest Income, Bank 11,190.0
Non-Interest Expense, Bank (14,848.0)
Net Income Before Taxes 6,565.0
Provision for Income Taxes 1,709.0
Net Income After Taxes 4,856.0
Minority Interest --
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items 4,856.0
Accounting Change --
Discontinued Operations --
Extraordinary Item --
Tax on Extraordinary Items --
Net Income 4,856.0
Preferred Dividends (502.0)
General Partners' Distributions --
Miscellaneous Earnings Adjustment --
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd 4,354.0
Income Available to Com Incl ExtraOrd 4,354.0
Basic Weighted Average Shares 10,099.60
Basic EPS Excluding Extraordinary Items 0.431
Basic EPS Including Extraordinary Items 0.431
Dilution Adjustment --
Diluted Weighted Average Shares 10,914.80
Diluted EPS Excluding ExtraOrd Items 0.399
Diluted EPS Including ExtraOrd Items 0.399
DPS - Common Stock Primary Issue 0.075
Gross Dividends - Common Stock 757.0
Total Special Items 309.0
Normalized Income Before Taxes 6,874.0
Effect of Special Items on Income Taxes 80.4
Inc Tax Ex Impact of Sp Items 1,789.4
Normalized Income After Taxes 5,084.6
Normalized Inc. Avail to Com. 4,582.6
Basic Normalized EPS 0.454
Diluted Normalized EPS 0.420
Photo

BofA opens debate on lowering mortgage down payments

The head of Bank of America Corp , the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.