8-KEarnings & ResultsRegulation FDOther Events+1

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Apr 20, 2006)

Filed April 20, 2006For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

Bank of America Corporation (BAC) filed an 8-K on April 20, 2006, to report its financial results for the first quarter ended March 31, 2006. The company announced a net income of $4.99 billion and diluted earnings per common share of $1.07. This filing primarily serves to incorporate by reference the press release containing these results, along with supplemental information and a slide package presented at an investor conference. Investors reviewing this report should note that the core financial performance details are contained within the referenced exhibits, particularly the press release. The 8-K itself acts as a notification and archival mechanism for these disclosures, which were discussed in more detail during a subsequent investor webcast. While the 8-K provides the headline numbers, a deeper understanding would require reviewing the attached supplemental materials.

Key Highlights

  • 1Announced Q1 2006 Net Income of $4.99 billion.
  • 2Reported Q1 2006 Diluted Earnings Per Common Share of $1.07.
  • 3Filing includes press release (Exhibit 99.1) detailing Q1 2006 financial results.
  • 4Supplemental Information package (Exhibit 99.2) for investor conference incorporated by reference.
  • 5Slide package from CFO Alvaro de Molina (Exhibit 99.3) for investor conference incorporated by reference.
  • 6Event date for earliest reported event: April 19, 2006.
  • 7Filing made on April 20, 2006, coinciding with the earnings release date.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Bank of America's financial results for the first quarter ended March 31, 2006, as required by SEC regulations. It incorporates by reference the detailed earnings press release and related investor presentation materials.

For the first quarter of 2006, Bank of America reported a net income of $4.99 billion and diluted earnings per common share of $1.07.

More detailed financial information can be found in the exhibits attached to this 8-K, specifically Exhibit 99.1 (the press release), Exhibit 99.2 (Supplemental Information), and Exhibit 99.3 (Slide Package). These documents provide a more in-depth look at the company's performance during the quarter.

According to the filing, the information in the Supplemental Information package (Exhibit 99.2) and the Slide Package (Exhibit 99.3) is furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933. This means it's provided for context but doesn't carry the same legal implications as formally filed documents.