Bank of America 2015 Annual Report Download - page 18

Bank of America Corporation — Financial Highlights
Bank of America Corporation (NYSE: BAC) is headquartered in Charlotte, North Carolina. As of December , , we
operated in all  states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than  countries. Through our
banking and various nonbank subsidiaries throughout the United States and in international markets, we provide a diversified
range of banking and nonbank financial services and products through five business segments: Consumer Banking, Global
Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing.
Tangible Book Value
20122011 2013 2014 2015
Book Value Per Share Tangible Book Value Per Share3
$20.09
$20.24
$20.71
$21.32
$22.54
$12.95
$13.36
$13.79
$14.43
$15.62
3 Tangible book value per share is a non-GAAP financial measure.
Total Cumulative Shareholder Return
201220112010
$0
$
100
$200
$50
$
150
2013 2014 2015
December 31 2010 2011 2012 2013 2014 2015
Bank of America Corporation $100 $42 $88 $118 $137 $130
S & P 500 COMP 100 102 118 157 178 181
KBW Bank Sector Index 100 77 102 141 154 155
 This graph compares the yearly change in the Corporation’s total cumulative shareholder
return on its common stock with (i) the Standard & Poor’s  Index and (ii) the KBW Bank
Index for the years ended December ,  through . The graph assumes an initial
investment of $ at the end of  and the reinvestment of all dividends during the
years indicated.
Financial Highlights (in millions, except per share information)
For the year   
Revenue, net of interest expense (fully taxable-equivalent basis)
1$ 83,416 $ 85,116 $ 89,801
Net income 15,888 4,833 11,431
Earnings per common share 1.38 0.36 0.94
Diluted earnings per common share 1.31 0.36 0.90
Dividends paid per common share 0.20 0.12 0.04
Return on average assets 0.74% 0.23% 0.53%
Return on average tangible shareholders’ equity
18.83 2.92 7.13
Efficiency ratio (fully taxable-equivalent basis)
168.56 88.25 77.07
Average diluted common shares issued and outstanding 11,214 10,585 11,491
At year-end   
Total loans and leases $ 903,001 $ 881,391 $ 928,233
Total assets 2,144,316 2,104,534 2,102,273
Total deposits 1,197,259 1,118,936 1,119,271
Total shareholders’ equity 256,205 243,471 232,685
Book value per common share 22.54 21.32 20.71
Tangible book value per common share
115.62 14.43 13.79
Market price per common share 16.83 17.89 15.57
Common shares issued and outstanding 10,380 10,517 10,592
Tangible common equity ratio
17.8 7.5 7.2
 Represents a non-GAAP financial measure. For more information on these measures and ratios, and a corresponding reconciliation to GAAP financial measures,
see Supplemental Financial Data on page  and Statistical Table XIII on page  of the  Financial Review section.
BAC Five-Year Stock Performance
$0
$10
$20
$5
$15
2011 2012 2013 2014 2015
HIGH $15.25 $11.61 $15.88 $18.13 $18.45
LOW 4.99 5.80 11.03 14.51 15.15

CLOSE 5.56 11.61 15.57 17. 89 16.83
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