Bank of America 2014 Annual Report Download - page 132

130 Bank of America 2014
Table XIV Quarterly Supplemental Financial Data
2014 Quarters 2013 Quarters
(Dollars in millions, except per share information) Fourth Third Second First Fourth Third Second First
Fully taxable-equivalent basis data (1)
Net interest income (2) $ 9,865 $ 10,444 $ 10,226 $ 10,286 $ 10,999 $ 10,479 $ 10,771 $ 10,875
Total revenue, net of interest expense 18,955 21,434 21,960 22,767 21,701 21,743 22,949 23,408
Net interest yield (2) 2.18% 2.29% 2.22% 2.29% 2.44% 2.33% 2.35% 2.36%
Efficiency ratio 74.90 93.97 84.43 97.68 79.75 75.38 69.80 83.31
(1) FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate
picture of the interest margin for comparative purposes. For more information on these performance measures and ratios, see Supplemental Financial Data on page 29 and for corresponding
reconciliations to GAAP financial measures, see Statistical Table XVII.
(2) Beginning in 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. Prior period yields have been reclassified to conform
to current period presentation.