BANK OF AMERICA CORP /DE/ Net Income 2007-2025 | BAC
What is net income?
Net income can be defined as the company's total earnings or profit. It is calculated as revenues minus all expenses including cost of goods sold, operating expenses, interest, and taxes.
What is BANK OF AMERICA CORP /DE/'s current net income?
BANK OF AMERICA CORP /DE/ (BAC) annual net income for 2024 was $27.13B, a 2.33% increase from 2023. BANK OF AMERICA CORP /DE/ net income for the quarter ending September 30, 2025 was $8.47B.
What was BANK OF AMERICA CORP /DE/'s net income in 2023?
BANK OF AMERICA CORP /DE/ annual net income for 2023 was $26.52B, a 3.68% decline from 2022.
What was BANK OF AMERICA CORP /DE/'s net income in 2022?
BANK OF AMERICA CORP /DE/ annual net income for 2022 was $27.53B, a 13.92% decline from 2021.
What is BANK OF AMERICA CORP /DE/'s 5-year net income CAGR?
BANK OF AMERICA CORP /DE/ net income grew at a compound annual growth rate (CAGR) of 0.22% from FY2019 to FY2024, going from $27.43B to $27.13B over 5 years.
Year-over-year comparison from 10-K annual reports
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $27.13B | +2.3% | 10-K |
| FY2023 | $26.52B | -3.7% | 10-K |
| FY2022 | $27.53B | -13.9% | 10-K |
| FY2021 | $31.98B | +78.7% | 10-K |
| FY2020 | $17.89B | -34.8% | 10-K |
| FY2019 | $27.43B | -2.5% | 10-K |
| FY2018 | $28.15B | +54.4% | 10-K |
| FY2017 | $18.23B | +2.3% | 10-K |
| FY2016 | $17.82B | +12.0% | 10-K |
| FY2015 | $15.91B | +188.2% | 10-K |
| FY2014 | $5.52B | -51.7% | 10-K |
| FY2013 | $11.43B | +172.9% | 10-K |
| FY2012 | $4.19B | +189.6% | 10-K |
| FY2011 | $1.45B | +164.6% | 10-K |
| FY2010 | $-2.24B | -135.7% | 10-K |
| FY2009 | $6.28B | +56.6% | 10-K |
| FY2008 | $4.01B | -73.2% | 10-K |
| FY2007 | $14.98B | - | 10-K |