Bank of America Results Presentation Deck
Net Interest Income Increased $2.7B, or 24% YoY
Net Interest Income (FTE, $B)¹
$15.0
$10.0
$5.0
$0.0
3.00%
2.50%
2.00%
1.50%
1.00%
$11.2
ill
$11.1
Net Interest Yield (FTE)¹
3Q21
$11.5
1.93%
$11.4
1Q22
Net interest income (GAAP)
1.68%
4Q21
1.92%
$11.7
1.67%
$11.6
1.99%
1.69%
$12.5
$12.4
1Q22
2Q22
FTE Adjustment
2.20%
1.86%
$13.9
$13.8
3Q22
2.51%
2.06%
2Q22
Net interest yield excl. GM
Net interest income of $13.8B ($13.9B FTE¹)
increased $2.7B YoY and $1.3B from 2022,
driven by benefits from higher interest rates,
including lower premium amortization expense,
and higher loan balances
3Q22
Premium amortization expense of $0.4B in
3Q22, $0.6B in 2Q22, and $1.4B in 3Q21
Net interest yield of 2.06% increased 38 bps YoY
and 20 bps from 2Q22
3Q21
4Q21
Reported net interest yield
Note: FTE stands for fully taxable-equivalent basis. GM stands for Global Markets.
¹ Represent non-GAAP financial measures. Net interest yield adjusted to exclude Global Markets NII of $0.7B, $1.0B, $1.0B, $1.0B, and $1.0B and average earning assets of $591.9B, $598.8B, $610.9B, $580.8B, and
$557.3B for 3Q22, 2022, 1022, 4021 and 3Q21, respectively. The Corporation believes the presentation of net interest yield excluding Global Markets provides investors with transparency of NII and net interest
yield in core banking activities. For important presentation information, see slide 35.
2 NII asset sensitivity represents banking book positions. See note D on slide 32 for information on asset sensitivity assumptions.
- Excluding Global Markets, net interest yield
of 2.51%¹
• As of September 30, 2022,² a +100 bps parallel
shift in the interest rate yield curve is estimated
to benefit net interest income by $4.2B over the
next 12 months
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