Bank of America 2011 Annual Report Download - page 33

31 Bank of America 2011
Table 7
(In millions, except per share information)
Income statement
Net interest income
Noninterest income
Total revenue, net of interest expense
Provision for credit losses
Goodwill impairment
Merger and restructuring charges
All other noninterest expense (1)
Income (loss) before income taxes
Income tax expense (benefit)
Net income (loss)
Net income (loss) applicable to common shareholders
Average common shares issued and outstanding
Average diluted common shares issued and outstanding (2)
Performance ratios
Return on average assets
Return on average common shareholders’ equity
Return on average tangible common shareholders’ equity (3)
Return on average tangible shareholders’ equity (3)
Total ending equity to total ending assets
Total average equity to total average assets
Dividend payout
Per common share data
Earnings (loss)
Diluted earnings (loss) (2)
Dividends paid
Book value
Tangible book value (3)
Market price per share of common stock
Closing
High closing
Low closing
Market capitalization
Average balance sheet
Total loans and leases
Total assets
Total deposits
Long-term debt
Common shareholders’ equity
Total shareholders’ equity
Asset quality (4)
Allowance for credit losses (5)
Nonperforming loans, leases and foreclosed properties (6)
Allowance for loan and lease losses as a percentage of total loans and leases outstanding (6)
Allowance for loan and lease losses as a percentage of total nonperforming loans and leases (6)
Allowance for loan and lease losses as a percentage of total nonperforming loans and leases
excluding the PCI loan portfolio (6)
Amounts included in allowance that are excluded from nonperforming loans (7)
Allowances as a percentage of total nonperforming loans and leases excluding the amounts
included in the allowance that are excluded from nonperforming loans (7)
Net charge-offs
Net charge-offs as a percentage of average loans and leases outstanding (6)
Nonperforming loans and leases as a percentage of total loans and leases outstanding (6)
Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases
and foreclosed properties (6)
Ratio of the allowance for loan and lease losses at December 31 to net charge-offs
Capital ratios (year end)
Risk-based capital:
Tier 1 common
Tier 1
Total
Tier 1 leverage
Tangible equity (3)
Tangible common equity (3)
Five Year Summary of Selected Financial Data
2011
$ 44,616
48,838
93,454
13,410
3,184
638
76,452
(230)
(1,676)
1,446
85
10,143
10,255
0.06%
0.04
0.06
0.96
10.81
9.98
n/m
$ 0.01
0.01
0.04
20.09
12.95
$ 5.56
15.25
4.99
$ 58,580
$ 938,096
2,296,322
1,035,802
421,229
211,709
229,095
$ 34,497
27,708
3.68%
135
101
$ 17,490
65%
$ 20,833
2.24%
2.74
3.01
1.62
9.86%
12.40
16.75
7.53
7.54
6.64
2010
$ 51,523
58,697
110,220
28,435
12,400
1,820
68,888
(1,323)
915
(2,238)
(3,595)
9,790
9,790
n/m
n/m
n/m
n/m
10.08%
9.56
n/m
$ (0.37)
(0.37)
0.04
20.99
12.98
$ 13.34
19.48
10.95
$ 134,536
$ 958,331
2,439,606
988,586
490,497
212,686
233,235
$ 43,073
32,664
4.47%
136
116
$ 22,908
62%
$ 34,334
3.60%
3.27
3.48
1.22
8.60%
11.24
15.77
7.21
6.75
5.99
2009
$ 47,109
72,534
119,643
48,570
—
2,721
63,992
4,360
(1,916)
6,276
(2,204)
7,729
7,729
0.26%
n/m
n/m
4.18
10.38
10.01
n/m
$ (0.29)
(0.29)
0.04
21.48
11.94
$ 15.06
18.59
3.14
$ 130,273
$ 948,805
2,443,068
980,966
446,634
182,288
244,645
$ 38,687
35,747
4.16%
111
99
$ 17,690
58%
$ 33,688
3.58%
3.75
3.98
1.10
7.81%
10.40
14.66
6.88
6.40
5.56
2008
$ 45,360
27,422
72,782
26,825
—
935
40,594
4,428
420
4,008
2,556
4,592
4,596
0.22%
1.80
4.72
5.19
9.74
8.94
n/m
$ 0.54
0.54
2.24
27.77
10.11
$ 14.08
45.03
11.25
$ 70,645
$ 910,871
1,843,985
831,157
231,235
141,638
164,831
$ 23,492
18,212
2.49%
141
136
$ 11,679
70%
$ 16,231
1.79%
1.77
1.96
1.42
4.80%
9.15
13.00
6.44
5.11
2.93
2007
$ 34,441
32,392
66,833
8,385
—
410
37,114
20,924
5,942
14,982
14,800
4,424
4,463
0.94%
11.08
26.19
25.13
8.56
8.53
72.26
$ 3.32
3.29
2.40
32.09
12.71
$ 41.26
54.05
41.10
$183,107
$ 776,154
1,602,073
717,182
169,855
133,555
136,662
$ 12,106
5,948
1.33%
207
n/a
$ 6,520
91%
$ 6,480
0.84%
0.64
0.68
1.79
4.93%
6.87
11.02
5.04
3.73
3.46
(1) Excludes merger and restructuring charges and goodwill impairment charges.
(2) Due to a net loss applicable to common shareholders for 2010 and 2009, the impact of antidilutive equity instruments was excluded from diluted earnings (loss) per share and average diluted common shares.
(3) Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. Other companies may define or calculate these measures differently. For additional information on these ratios and corresponding
reconciliations to GAAP financial measures, see Supplemental Financial Data on page 32 and Table XV.
(4) For more information on the impact of the PCI loan portfolio on asset quality, see Consumer Portfolio Credit Risk Management on page 75 and Commercial Portfolio Credit Risk Management on page 88.
(5) Includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.
(6) Balances and ratios do not include loans accounted for under the fair value option. For additional exclusions on nonperforming loans, leases and foreclosed properties, see Nonperforming Consumer Loans and Foreclosed Properties
Activity on page 86 and corresponding Table 36 and Nonperforming Commercial Loans, Leases and Foreclosed Properties Activity on page 94 and corresponding Table 45.
(7) Amounts included in allowance that are excluded from nonperforming loans primarily include amounts allocated to Card Services portfolios, PCI loans and the non-U.S. credit card portfolio in All Other.
n/m = not meaningful
n/a = not applicable