Company / Interest Expense
Bank of America Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$73.3B
FY2023
5-year range
$4.7B / $73.3B
FY2019-FY2023
Trend
+264.8%
vs FY2022
Sector context
#1 of 241
Financials
What the data says
Interest Expense changed +265% YoY in FY2023, a notable deviation from the 7-year average annual change of +83%.
Based on SEC 10-K filings.
$73.3B in FY2023 with a 5-year CAGR of +31.6%. Ranks 1st among 241 companies in Financials.
Increased from $4.7B to $73.3B over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +107.4%
- 5-Year CAGR
- +31.6%
- 10-Year CAGR
- -
Sector benchmark
Bottom 0% in FinancialsTop 100% of 241This company $73.3B Sector average $1.3B
▼
+5613.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +31.6%, indicating consistent growth.
- In FY2023, interest expense increased 264.8% year-over-year.
- Ranks #1 out of 241 companies in the Financials sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.14 (distress zone, below 1.8 threshold)
- Strong profit margin: 27.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $73.3B | +264.8% |
| FY2022 | $20.1B | +324.3% |
| FY2021 | $4.7B | -42.4% |
| FY2020 | $8.2B | -63.2% |
| FY2019 | $22.3B | +20.1% |
| FY2018 | $18.6B | +50.8% |
| FY2017 | $12.3B | +23.9% |
| FY2016 | $10.0B | -5.6% |
As of FY2023 · SEC 10-K · Updated Mar 2, 2026