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Bank of America Net Interest Margin (Bank Only) %

: 1.93% (As of Mar. 2022)
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Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Bank of America's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2022 was $46,288 Mil. Bank of America's average earning assets for the quarter that ended in Mar. 2022 was $2,401,432 Mil. Therefore, Bank of America's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2022 was 1.93%.


Bank of America Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Bank of America's Net Interest Margin (Bank Only) % 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.78 2.84 2.74 2.25 1.98

Bank of America Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Net Interest Margin (Bank Only) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.96 1.84 1.93 1.96 1.93

Competitive Comparison

For the Banks - Diversified subindustry, Bank of America's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Bank of America Net Interest Margin (Bank Only) % Distribution

For the Banks industry and Financial Services sector, Bank of America's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Bank of America's Net Interest Margin (Bank Only) % falls into.



Bank of America Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Bank of America's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2021 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2021 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2020 ) + Earning Assets (A: Dec. 2021 ))/ count )
=42934/( (1997618 + 2344608)/ 2 )
=42934/2171113
=1.98 %

where

Earning Assets(A: Dec. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=304058 + 901366 + 792194
=1997618

Earning Assets(A: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=250720 + 967615 + 1126273
=2344608

Bank of America's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2022 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2021 ) + Earning Assets (Q: Mar. 2022 ))/ count )
=46288/( (2344608 + 2458256)/ 2 )
=46288/2401432
=1.93 %

where

Earning Assets(Q: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=250720 + 967615 + 1126273
=2344608

Earning Assets(Q: Mar. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=302108 + 977353 + 1178795
=2458256

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2022) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Bank of America  (NYSE:BAC) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Bank of America Net Interest Margin (Bank Only) % Related Terms

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Bank of America Business Description

Bank of America logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6021
Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America Corp 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, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust 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.
Executives
Prueher Joseph W director MERRILL LYNCH CORPORATE SECRETARY 222 BROADWAY, 17TH FLOOR NEW YORK NY 10038

Bank of America Headlines

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