Bank of America Deposits Growth: Fool by Numbers

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On Jan. 23, Bank of America (NYSE: BAC) released fourth-quarter earnings for the period ended Dec. 31, 2006.

• Net income rose 47%, driven by growth in card income, service charges, and investment banking income.
• The acquisition of MBNA makes Bank of America the largest credit card issuer in the U.S. and U.K.
• Return on equity improved, and the efficiency ratio dropped below 50%.
• Income Investor recommendation Bank of America carries a four-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q4 2006	Q4 2005	Change
Total Revenue	$16,895	$12,410	36.1%
Net Interest Income	$8,599	$7,859	9.4%
Net Profit	$5,256	$3,574	47.1%
EPS	$1.16	$0.88	31.8%

Get back to basics with a look at the income statement.

Ratio Checkup

	Q4 2006	Q4 2005	Change*
Net Interest Margin	2.75%	2.82%	(0.07%)
Efficiency Ratio	48.31%	52.09%	(3.78%)
Nonperforming Assets / Assets	0.13%	0.12%	0.01%
Return on Average Assets	1.39%	1.09%	0.30%
Return on Average Equity	15.76%	14.21%	1.55%

*Expressed in percentage points.

Find out more about bank performance ratios.

Balance Sheet Highlights

Assets	Q4 2006	Q4 2005	Change
Investments	$345,898	$353,310	(2.1%)
Loans	$706,490	$573,791	23.1%

Liabilities	Q4 2006	Q4 2005	Change
Deposits	$693,497	$634,670	9.3%
Total Liabilities	$1,324,465	$1,190,270	11.3%

Learn about bank assets and bank liabilities.

Related Companies:

• JPMorgan Chase (NYSE: JPM)
• Citigroup (NYSE: C)
• Wells Fargo (NYSE: WFC)
• Goldman Sachs (NYSE: GS)
• Wachovia (NYSE: WB)

Related Foolishness:

• In the Ultra Wealthy, Bank of America Trusts
• Get What You Pay For
• SafeNet Executives Without a Safety Net

JPMorgan Chase and Bank of America are Income Investor recommendations. You can find out why with a 30-day free trial.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.