BANK OF AMERICA CORP /DE/ Interest Expense 2007-2024 | BAC
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What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is BANK OF AMERICA CORP /DE/'s current interest expense?
BANK OF AMERICA CORP /DE/ (BAC) annual interest expense for 2023 was $73.33B, a 264.78% increase from 2022. BANK OF AMERICA CORP /DE/ interest expense for the quarter ending March 31, 2024 was $22.25B.
What was BANK OF AMERICA CORP /DE/'s interest expense in 2022?
BANK OF AMERICA CORP /DE/ annual interest expense for 2022 was $20.10B, a 324.29% increase from 2021.
What was BANK OF AMERICA CORP /DE/'s interest expense in 2021?
BANK OF AMERICA CORP /DE/ annual interest expense for 2021 was $4.74B, a 42.40% decline from 2020.
What is BANK OF AMERICA CORP /DE/'s 5-year interest expense CAGR?
BANK OF AMERICA CORP /DE/ interest expense grew at a compound annual growth rate (CAGR) of 31.56% from FY2018 to FY2023, going from $18.61B to $73.33B over 5 years.
Interest Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+31.6%
FY2018
$18.61B
→
FY2023
$73.33B
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5 years selected
Interest Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $73.33B | +264.8% | 10-K |
| FY2022 | $20.10B | +324.3% | 10-K |
| FY2021 | $4.74B | -42.4% | 10-K |
| FY2020 | $8.22B | -63.2% | 10-K |
| FY2019 | $22.34B | +20.1% | 10-K |
| FY2018 | $18.61B | +50.8% | 10-K |
| FY2017 | $12.34B | +23.9% | 10-K |
| FY2016 | $9.96B | -5.6% | 10-K |
| FY2015 | $10.55B | -3.5% | 10-K |
| FY2014 | $10.94B | -14.3% | 10-K |
| FY2013 | $12.76B | -23.8% | 10-K |
| FY2012 | $16.74B | -22.6% | 10-K |
| FY2011 | $21.62B | -9.8% | 10-K |
| FY2010 | $23.97B | -22.2% | 10-K |
| FY2009 | $30.81B | -23.6% | 10-K |
| FY2008 | $40.32B | -23.7% | 10-K |
| FY2007 | $52.86B | - | 10-K |
Company: BANK OF AMERICA CORP /DE/Ticker: BACSector: Financial ServicesIndustry: National Commercial BanksView company profile →