Summary
Bank of America Corporation (BAC) filed an 8-K on January 19, 2012, reporting its financial results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter of 2011, the company announced a net income of $2.0 billion, translating to $0.15 per diluted share. The full year 2011 results showed a net income of $1.4 billion, or a modest $0.01 per diluted share. This filing primarily serves to disseminate these key financial figures and related presentation materials to investors through attached exhibits, including the press release and earnings slides. Investors should note that while the 4Q 2011 results showed a profit, the full-year earnings were significantly impacted, resulting in a very low earnings per share for the entire year. The filing directs investors to accompanying exhibits for detailed financial performance, operational context, and further insights that were presented during an investor conference call and webcast held on the same day. It's important for investors to review these supplementary materials for a comprehensive understanding of BAC's financial condition and operational results for the period.
Key Highlights
- 1Reported Q4 2011 net income of $2.0 billion, or $0.15 per diluted share.
- 2Reported full-year 2011 net income of $1.4 billion, or $0.01 per diluted share.
- 3The 8-K filing incorporates by reference a press release detailing Q4 and full-year 2011 financial results.
- 4Accompanying exhibits include earnings-related slides and supplemental information for investor presentations.
- 5The filing was made in conjunction with a scheduled investor conference call and webcast on January 19, 2012.
- 6Information regarding Q4 and full-year 2011 results is deemed "filed" under Item 2.02, while other furnished information is not subject to Section 18 of the Exchange Act.