Bank of America 2012 Annual Report Download - page 142

140 Bank of America 2012
Table XIV Quarterly Supplemental Financial Data (1)
2012 Quarters 2011 Quarters
(Dollars in millions, except per share information) Fourth Third Second First Fourth Third Second First
Fully taxable-equivalent basis data
Net interest income $ 10,555 $ 10,167 $ 9,782 $ 11,053 $ 10,959 $ 10,739 $ 11,493 $ 12,397
Total revenue, net of interest expense 18,891 20,657 22,202 22,485 25,146 28,702 13,483 27,095
Net interest yield (2) 2.35% 2.32% 2.21% 2.51% 2.45% 2.32% 2.50% 2.67%
Efficiency ratio 97.19 84.93 76.79 85.13 77.64 61.37 n/m 74.86
Performance ratios, excluding goodwill impairment charges (3)
Per common share information
Earnings (loss) $ 0.21 $ (0.65)
Diluted earnings (loss) 0.20 (0.65)
Efficiency ratio (FTE basis) 75.33% n/m
Return on average assets 0.46 n/m
Four quarter trailing return on average assets (4) 0.20 n/m
Return on average common shareholders’ equity 4.10 n/m
Return on average tangible common shareholders’ equity 6.46 n/m
Return on average tangible shareholders’ equity 6.72 n/m
(1) Supplemental financial data on a FTE basis and performance measures and ratios excluding the impact of goodwill impairment charges are non-GAAP financial measures. Other companies may
define or calculate these measures differently. For additional information on these performance measures and ratios, see Supplemental Financial Data on page 31 and for corresponding reconciliations
to GAAP financial measures, see Statistical Table XVII.
(2) Calculation includes fees earned on overnight deposits placed with the Federal Reserve and, beginning in the third quarter of 2012, fees earned on deposits, primarily overnight, placed with certain
non-U.S. central banks of $42 million, $48 million, $52 million and $47 million for the fourth, third, second and first quarters of 2012, and $36 million, $38 million, $49 million and $63 million for
the fourth, third, second and first quarters of 2011, respectively.
(3) Performance ratios are calculated excluding the impact of the goodwill impairment charges of $581 million and $2.6 billion recorded during the fourth and second quarters of 2011.
(4) Calculated as total net income for four consecutive quarters divided by annualized average assets for four consecutive quarters.
n/m = not meaningful