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

Annual report pursuant to Section 13 and 15(d)

Net Interest Income and Noninterest Income (Tables)

Net Interest Income and Noninterest Income (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for 2019, 2018 and 2017. For more information, see Note 1 – Summary of Significant Accounting Principles. For a disaggregation of noninterest income by business segment and All Other, see Note 24 – Business Segment Information.




(Dollars in millions)	2019		2018		2017
Net interest income
Interest income
Loans and leases	$	43,086	$	40,811	$	36,221
Debt securities	11,806		11,724		10,471
Federal funds sold and securities borrowed or purchased under agreements to resell	4,843		3,176		2,390
Trading account assets	5,196		4,811		4,474
Other interest income	6,305		6,247		4,023
Total interest income	71,236		66,769		57,579

Interest expense
Deposits	7,188		4,495		1,931
Short-term borrowings	7,208		5,839		3,538
Trading account liabilities	1,249		1,358		1,204
Long-term debt	6,700		6,915		5,667
Total interest expense	22,345		18,607		12,340
Net interest income	$	48,891	$	48,162	$	45,239

Noninterest income
Fees and commissions
Card income
Interchange fees ⁽¹⁾	$	3,834	$	3,866	$	3,777
Other card income	1,963		1,958		1,899
Total card income	5,797		5,824		5,676
Service charges
Deposit-related fees	6,588		6,667		6,708
Lending-related fees	1,086		1,100		1,110
Total service charges	7,674		7,767		7,818
Investment and brokerage services
Asset management fees	10,241		10,189		9,310
Brokerage fees	3,661		3,971		4,526
Total investment and brokerage services	13,902		14,160		13,836
Investment banking fees
Underwriting income	2,998		2,722		2,821
Syndication fees	1,184		1,347		1,499
Financial advisory services	1,460		1,258		1,691
Total investment banking fees	5,642		5,327		6,011
Total fees and commissions	33,015		33,078		33,341
Market making and similar activities	9,034		9,008		7,102
Other income	304		772		1,444
Total noninterest income	$	42,353	$	42,858	$	41,887

⁽¹⁾

Gross interchange fees were $10.0 billion, $9.5 billion and $8.8 billion for 2019, 2018 and 2017, respectively, and are presented net of $6.2 billion, $5.6 billion and $5.1 billion of expenses for rewards and partner payments for the same periods.