Bank of America Corp. 7.25% NonCum Perp Conv Pfd Series L (BAC.P.L) Income Statement

Income Statement for Bank of America Corp. 7.25% NonCum Perp Conv Pfd Series L  (BAC.P.L) 
$ 943.00   -12.00 (-1.26%) Volume: 11.46 k 4:00 PM EST Feb 10, 2012
Statement: View:
Income [+] in Millions of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 50,996 48,703 56,017 55,681 48,274
Investment Securities 11,667 12,947 13,146 9,784 11,655
Lease Financing Income - - - - -
Other Interest Income 4,161 5,428 4,151 4,700 3,601
Federal Funds Sold/Purchased 245,359 255,185 206,598 221,435 217,527
Interest Bearing Deposits - - - - -
Loans Held for Resale - - - - -
Trading Account Securities 6,841 7,944 9,057 9,417 7,232
Time Deposits Placed 26,433 24,202 9,570 11,773 13,952
Other Money Market Investments - - - - -
Total Money Market Investments 8,673 10,838 12,370 17,139 15,055
Total Interest Income 75,497 77,916 85,684 87,304 78,585
Deposits 3,997 7,807 15,250 18,093 14,480
Short-Term Debt 6,270 7,587 12,362 21,967 19,837
Long-Term Debt 13,707 15,413 9,938 9,359 7,034
Federal Funds Sold/Purchased 245,359 255,185 206,598 221,435 217,527
Capitalized Lease Obligations - - - - -
Other Interest Expense - - 2,774 3,444 2,640
Total Interest Income 75,497 77,916 85,684 87,304 78,585
Total Interest Expense (23,974) (30,807) (40,324) (52,863) (43,991)
Net Interest Income 51,523 47,109 45,360 34,441 34,594
Loan Loss Provision (28,435) (48,570) (26,825) (8,385) (5,010)
Net Interest Income After Loan Loss Provision 23,088 (1,461) 18,535 26,056 29,584
Trust Fees by Commissions - - - - -
Service Charge on Deposit Accounts 9,390 11,038 - - -
Other Service Charges 22,114 20,258 28,602 28,132 26,970
Security Transactions 2,526 4,723 1,663 4,244 2,746
Premiums Earned - - 1,833 761 437
Net Realized Capital Gains - - - - -
Investment Banking Profit 8,254 14,342 2,263 2,345 2,317
Other Non-Interest Income 17,380 25,009 (6,939) (3,090) 5,712
Non-Interest Income 59,664 75,370 27,422 32,392 38,182
Salaries and Employee Benefits 53,915 49,019 18,371 18,753 18,211
Net Occupancy Expense 7,168 7,361 5,281 4,429 4,155
Promotion and Advertising 1,963 1,933 2,368 2,356 2,336
Property/Liability Insurance Claims - - - - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 34,282 11,121 14,574 11,576 10,286
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A (1,820) (2,721) (935) (410) (805)
Other Special Charges 15,073 2,606 - - -
Non-Interest Expense (97,328) (69,434) (40,594) (37,114) (34,988)
Special Income/Charges 13,253 (115) (935) (410) (805)
Net Income Before Taxes (1,323) 4,360 4,428 20,924 31,973
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes (915) 1,916 (420) (5,942) (10,840)
Net Income from Continuing Operations (2,238) 6,276 4,008 14,982 21,133
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations (2,238) 6,276 4,008 14,982 21,133
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income (2,238) 6,276 4,008 14,982 21,133
Normalized Income (15,491) 6,391 4,943 15,392 21,938
Net Income Available for Common (3,595) (2,204) 2,556 14,800 21,111
Results [+] in Dollars (Preferred Dividends in Millions)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 0.04 0.04 2.24 2.40 2.12
Preferred Dividends 1,357 8,480 1,452 182 22
Basic EPS from Continuing Operations -0.37 -0.29 0.56 3.35 4.66
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations -0.37 -0.29 0.56 3.35 4.66
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 50,996 48,703 56,017 55,681 48,274
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total -0.37 -0.29 0.56 3.35 4.66
Basic Normalized Net Income/Share -2.56 N/A 0.69 3.44 4.84
Diluted EPS from Continuing Operations -0.37 -0.29 0.55 3.30 4.59
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations -0.37 -0.29 0.55 3.30 4.59
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total -0.37 -0.29 0.55 3.30 4.59
Diluted Normalized Net Income/Share -2.56 N/A 0.68 3.39 4.76
Revenues Year-to-Date 135,161 153,286 113,106 119,696 116,767
Income Year-to-Date from Total Operations (2,238) 6,276 4,008 14,982 21,133
EPS Year-to-Date from Total Operations -0.37 -0.29 0.55 3.30 4.59
Dividends Paid Per Share, Year-to-Date 0.04 0.04 2.24 2.40 2.12
 

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