8-KEarnings & ResultsRegulation FDOther Events+1

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Apr 20, 2009)

Filed April 20, 2009For 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, 2009, to report its financial results for the first quarter ended March 31, 2009. The company announced a net income of $4.25 billion and diluted earnings per common share of $0.44. This filing was accompanied by a press release and supplemental information presented during an investor conference call. Investors should note that this report was issued during a period of significant financial market turmoil following the 2008 financial crisis. While the reported net income appears positive, it is crucial for investors to review the accompanying detailed financial statements and supplemental information (Exhibits 99.1 and 99.2) for a comprehensive understanding of the company's performance, asset quality, and capital position during this challenging economic environment.

Key Highlights

  • 1Bank of America reported first quarter 2009 net income of $4.25 billion.
  • 2Diluted earnings per common share for Q1 2009 were $0.44.
  • 3The company released its Q1 2009 financial results on April 20, 2009.
  • 4An investor conference call and webcast were held on April 20, 2009, to discuss the results.
  • 5A press release (Exhibit 99.1) containing the financial results is incorporated by reference.
  • 6Supplemental information for the investor call (Exhibit 99.2) is also furnished.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Bank of America's financial results for the first quarter ended March 31, 2009, as announced on April 20, 2009. It includes the net income and diluted earnings per share for the period.

For the first quarter ended March 31, 2009, Bank of America reported a net income of $4.25 billion and diluted earnings per common share of $0.44.

More detailed information can be found in the attached Exhibit 99.1 (Press Release) and Exhibit 99.2 (Supplemental Information) which are incorporated by reference into this filing. Investors should review these documents for a comprehensive understanding of the company's financial condition and performance.

This 8-K filing primarily focuses on reporting the historical financial results for the first quarter of 2009. While a supplemental information package was prepared for an investor call, this specific 8-K filing does not appear to contain forward-looking guidance or outlook statements.