BANK OF AMERICA CORP /DE/ Earnings Per Share Disclosure
| (In millions, except per share information) | 2025 | 2024 | 2023 | ||||||||||||||
| Earnings per common share | |||||||||||||||||
| Net income | $ | 30,509 | $ | 26,973 | $ | 26,305 | |||||||||||
Preferred stock dividends and other | (1,454) | (1,629) | (1,649) | ||||||||||||||
| Net income applicable to common shareholders | $ | 29,055 | $ | 25,344 | $ | 24,656 | |||||||||||
| Average common shares issued and outstanding | 7,521.9 | 7,855.5 | 8,028.6 | ||||||||||||||
| Earnings per common share | $ | 3.86 | $ | 3.23 | $ | 3.07 | |||||||||||
| Diluted earnings per common share | |||||||||||||||||
| Net income applicable to common shareholders | $ | 29,055 | $ | 25,344 | $ | 24,656 | |||||||||||
| Add preferred stock dividends due to assumed conversions | 223 | — | — | ||||||||||||||
| Net income allocated to common shareholders | $ | 29,278 | $ | 25,344 | $ | 24,656 | |||||||||||
| Average common shares issued and outstanding | 7,521.9 | 7,855.5 | 8,028.6 | ||||||||||||||
Dilutive potential common shares | 159.0 | 80.3 | 51.9 | ||||||||||||||
Total average diluted common shares issued and outstanding | 7,680.9 | 7,935.8 | 8,080.5 | ||||||||||||||
| Diluted earnings per common share | $ | 3.81 | $ | 3.19 | $ | 3.05 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.