On Jan. 23, Bank of America
- Excluding merger-related expenses, earnings came in below Wall Street expectations at $0.94 per share.
- CEO Ken Lewis said the quarter's results were negatively affected by a change in bankruptcy laws.
- The net interest margin dropped 36 basis points to 2.82%.
- On Jan. 1, the company completed the acquisition of MBNA.
- Get the rundown on what happened to BAC here.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|---|
|
Total Rev. |
- - |
$14,122 |
$13,713 |
+3.0% |
|
Net Int. Inc. |
-- |
$7,860 |
$7,747 |
+1.5% |
|
Net Profit |
-- |
$3,768 |
$3,849 |
-2.1% |
|
EPS |
$1.02 |
$0.93 |
$0.94 |
-1.1% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Net Int. Margin |
2.82% |
3.18% |
-0.36% |
|
Efficiency Ratio |
50.95% |
52.69% |
-1.74% |
|
Nonperforming |
0.12% |
0.22% |
-0.10% |
|
Return on |
1.15% |
1.33% |
-0.18% |
|
Return on |
15.05% |
15.63% |
-0.58% |
Get the scoop on bank ratios.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
Change |
|---|---|---|---|
|
Investment |
$221,603 |
$195,073 |
+13.6% |
|
Loans |
$573,782 |
$521,837 |
+10.0% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
Change |
|---|---|---|---|
|
Deposits |
$634,670 |
$618,570 |
+2.6% |
|
Total Liabilities |
$1,190,571 |
$1,011,083 |
+17.8% |
Related Companies:
-
Citigroup
(NYSE:C) -
JP Morgan Chase
(NYSE:JPM) -
BB&T
(NYSE:BBT) -
Wells Fargo
(NYSE:WFC) -
U.S.
Bancorp
(NYSE:USB)
Related Foolishness:
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At the time of publication, Joseph Khattab had no positions in the companies mentioned. Bank of America, JP Morgan, and U.S.. Bancorp are all Motley Fool Income Investor recommendations. Fool rules are here .
