8-KEarnings & ResultsRegulation FDOther Events+1

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Apr 21, 2008)

Filed April 21, 2008For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

This 8-K filing from Bank of America (BAC) on April 21, 2008, reports the company's financial results for the first quarter ended March 31, 2008. The key takeaway is that Bank of America generated a net income of $1.21 billion, translating to diluted earnings per common share of $0.23. This disclosure was made through a press release and accompanied by a supplemental information package during an investor conference call. While the filing itself is procedural, the attached press release (Exhibit 99.1) and supplemental information (Exhibit 99.2) provide the core financial data for the quarter. Investors should refer to these exhibits for a detailed understanding of the company's performance and financial condition during this period, which was marked by a challenging economic environment.

Key Highlights

  • 1Bank of America reported Q1 2008 net income of $1.21 billion.
  • 2Diluted earnings per common share for Q1 2008 were $0.23.
  • 3The company filed this 8-K on April 21, 2008, to disclose Q1 2008 financial results.
  • 4Results were announced via a press release (Exhibit 99.1).
  • 5A supplemental information package was provided during an investor conference call (Exhibit 99.2).
  • 6The filing incorporates by reference the press release and supplemental information.

Frequently Asked Questions

Bank of America reported a net income of $1.21 billion and diluted earnings per common share of $0.23 for the first quarter ended March 31, 2008.

The financial results were disclosed through a press release filed as Exhibit 99.1 and a supplemental information package presented during an investor conference call, filed as Exhibit 99.2.

No, this 8-K filing primarily serves to announce the Q1 2008 results and references the press release and supplemental information for details. Investors should refer to those exhibits for more in-depth financial information.

The filing explicitly states that the information in the Supplemental Information package (Exhibit 99.2) shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor 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 information.