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Bank of America Corporation (NYSE:BAC)
Credit Losses Provision
$3,589 Mil (TTM As of Jun. 2016)

Bank of America Corporation's credit losses provision for the three months ended in Jun. 2016 was $976 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2016 was $3,589 Mil.

Bank of America Corporation's quarterly credit losses provision increased from Dec. 2015 ($810 Mil) to Mar. 2016 ($997 Mil) but then declined from Mar. 2016 ($997 Mil) to Jun. 2016 ($976 Mil).

Bank of America Corporation's annual credit losses provision declined from Dec. 2013 ($3,556 Mil) to Dec. 2014 ($2,275 Mil) but then increased from Dec. 2014 ($2,275 Mil) to Dec. 2015 ($3,161 Mil).


Definition

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Bank of America Corporation Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2016 was 806 (Sep. 2015 ) + 810 (Dec. 2015 ) + 997 (Mar. 2016 ) + 976 (Jun. 2016 ) = $3,589 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of America Corporation Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
IS_CreditLossesProvision 5,0108,38526,82548,57028,43513,4108,1693,5562,2753,161

Bank of America Corporation Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
IS_CreditLossesProvision 1,009411636219765780806810997976
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