Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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BANK OF AMERICA’s balance sheet was broadly stable from 2021–2024 with modest net growth and a one-year dip in 2022. Total assets moved from $3,169,495 million (≈$3.17 trillion) in 2021 to $3,261,519 million in 2024 — a net increase of $92,024 million (+2.9%). Assets fell about 3.7% in 2022, then recovered with increases of ~4.2% in 2023 and ~2.6% in 2024. Total liabilities followed a similar pattern (from $2,899,429m in 2021 to $2,965,960m in 2024), declining ~4.2% in 2022 and then rising ~4.0% and ~2.7% in the two subsequent years; overall liabilities rose +2.3% over the period. (Note: the 2025 row contains zeros and appears to be missing data, so it is excluded from this analysis.) Stockholders’ equity strengthened steadily, climbing from $270,066m in 2021 to $295,559m in 2024 (+9.4% cumulative). Equity rose only slightly in 2022 (+1.2%) then more meaningfully in 2023 (+6.8%), with a smaller uptick in 2024 (+1.3%). As a result the simple book equity/asset ratio improved from ~8.5% in 2021 to a peak of ~9.2% in 2023 and settled around 9.1% in 2024, while balance-sheet leverage (assets/equity) declined modestly (≈11.7x → 11.0x). These moves suggest modest capital build and resilience rather than large volatility — consistent with a major bank rebuilding or preserving capital through retained earnings and limited net balance-sheet expansion. Absent more granular regulatory capital items (CET1) or income-flow detail, the trends indicate a stable, slightly better-capitalized position after the 2022 contraction.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.