BAC's
net interest yield on a fully tax equivalent basis was 2.38%, up 4 bps from a year ago, reflecting the benefit of higher rates, deposit pricing discipline, offset by the impact from the June 2017 sale of the U.K.
For 12 straight quarters, our average deposits have grown year-over year by more than $40 billion, reflecting the value to customers of our deposit capabilities and franchise - and driving both growth of net interest income and improvement in
net interest yield. Responsible growth is also reflected in our asset quality where we reported a net charge-off ratio near a decade-low, complemented by virtually all other credit metrics continuing to improve across both consumer and commercial loans."
Net interest yield decreased to 127 basis points in 2003 from 146 basis points in 2002.
Excluding this impact, BAC's
net interest yield improved to 2.95% in 2Q18, up 12 bps from a year ago.
BAC's
net interest yield on a fully tax equivalent basis was 2.39%, unchanged from a year ago reflecting the benefit of spread improvement, offset by the sale of higher-yielding UK card portfolio and impact from higher assets in Global Markets, which are lower-yielding.
BAC's
net interest yield on a fully tax equivalent basis was 2.39%, a solid 16bps increase yoy due primarily to higher short-term interest rates.
BAC's 3Q17
net interest yield (NIY) on a fully taxable equivalent basis was 2.36% compared to 2.23% in the prior year quarter.
The increases in both net interest income and
net interest yield primarily reflect higher amortization income driven by increased prepayments during 2015.
