Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Performance by Geographical Area

Performance by Geographical Area

12 Months Ended

Dec. 31, 2017

Segments, Geographical Areas [Abstract]

Since the Corporation’s operations are highly integrated, certain asset, liability, income and expense amounts must be allocated to arrive at total assets, total revenue, net of interest expense, income before income taxes and net income by geographic area. The Corporation identifies its geographic performance based on the business unit structure used to manage the capital or expense deployed in the region as applicable. This requires certain judgments related to the allocation of revenue so that revenue can be appropriately matched with the related capital or expense deployed in the region.




(Dollars in millions)		Total Assets at Year End ⁽¹⁾		Total Revenue, Net of Interest Expense ⁽²⁾		Income Before Income Taxes		Net Income
U.S. ⁽³⁾	2017	$	1,965,490	$	74,830	$	25,108	$	15,550
	2016	1,901,043		72,418		22,282		16,183
	2015			72,117		20,181		14,711
Asia	2017	103,255		3,405		676		464
	2016	85,410		3,365		674		488
	2015			3,524		726		457
Europe, Middle East and Africa	2017	189,661		7,907		2,990		1,926
	2016	174,934		6,608		1,705		925
	2015			6,081		938		516
Latin America and the Caribbean	2017	22,828		1,210		439		292
	2016	26,680		1,310		360		226
	2015			1,243		342		226
Total Non-U.S.	2017	315,744		12,522		4,105		2,682
	2016	287,024		11,283		2,739		1,639
	2015			10,848		2,006		1,199
Total Consolidated	2017	$	2,281,234	$	87,352	$	29,213	$	18,232
	2016	2,188,067		83,701		25,021		17,822
	2015			82,965		22,187		15,910


⁽¹⁾	Total assets include long-lived assets, which are primarily located in the U.S.


⁽²⁾	There were no material intercompany revenues between geographic regions for any of the periods presented.


⁽³⁾	Substantially reflects the U.S.