Bank of America (Bank of America) Net Interest Income (for Banks)

: $56,515 Mil (As of Dec. 2023)

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Net interest income is the income earned by banks from the fund they have on their balance sheet. Bank of America's net interest income for the three months ended in Dec. 2023 was $13,946 Mil. Its net interest income for the trailing twelve months (TTM) ended in Dec. 2023 was $56,515 Mil.

Bank of America's quarterly net interest income increased from Jun. 2023 ($14,158 Mil) to Sep. 2023 ($14,379 Mil) but then declined from Sep. 2023 ($14,379 Mil) to Dec. 2023 ($13,946 Mil).

Bank of America's annual net interest income increased from Dec. 2021 ($42,934 Mil) to Dec. 2022 ($52,462 Mil) and increased from Dec. 2022 ($52,462 Mil) to Dec. 2023 ($56,931 Mil).

Bank of America Net Interest Income (for Banks) Historical Data

The historical data trend for Bank of America's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Income (for Banks)

48,891.00

43,360.00

42,934.00

52,462.00

56,931.00

Bank of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Interest Income (for Banks)																14,448.00	14,158.00	14,379.00	13,946.00	14,032.00

Bank of America Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $56,515 Mil.

Bank of America (Bank of America) Business Description

Industry

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Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.

Executives

Thomas D Woods	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
James P Demare	officer: President, Global Markets	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Dean C Athanasia	officer: Pres Prf & Sm Bs Bk & Co-Hd CB	100 FEDERAL STREET, BOSTON MA 02110
Lindsay D. Hans	officer: Pres, Merrill Wealth Mgmt	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Eric A. Schimpf	officer: Pres, Merrill Wealth Mgmt	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Matthew M Koder	officer: Pres, Gl Corp & Invest Banking	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Jose E Almeida	director	ONE BAXTER PARKWAY, DEERFIELD IL 60015
Andrew M. Sieg	officer: Pres, Merill Lynch Wlth Mgmt	100 N TRYON STREET, CHARLOTTE NC 28255
Frank P Bramble	director
Bruce R. Thompson	officer: Vice Chair, Head Ent Credit	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Alastair M Borthwick	officer: Pres, Global Com Banking	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Aditya Bhasin	officer: Chief Tech & Info Officer	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lauren A Mogensen	officer: Global Compl & Op Risk Exec	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Thomas M Scrivener	officer: Chief Operations Executive	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Bernard A Mensah	officer: President, International	100 NORTH TRYON STREET, CHARLOTTE NC 28255