Summary
Bank of America Corporation (BAC) filed an 8-K on January 17, 2013, to report its financial results for the fourth quarter and full year ended December 31, 2012. For the fourth quarter, the company reported a net income of $732 million, translating to $0.03 per diluted share. For the full fiscal year 2012, Bank of America posted a net income of $4.2 billion, or $0.25 per diluted share. In addition to the financial results, the filing announces an investor conference call and webcast to discuss these results. The company also made available supplemental information and presentation materials on its website, offering further details on historical and forward-looking information. Investors should note that while the Q4 earnings are considered 'filed' for Section 18 purposes, the supplemental materials are 'furnished' and do not carry the same regulatory implications.
Key Highlights
- 1Reported Q4 2012 net income of $732 million, or $0.03 per diluted share.
- 2Announced full-year 2012 net income of $4.2 billion, or $0.25 per diluted share.
- 3Filed a press release (Exhibit 99.1) detailing the Q4 and full-year financial results.
- 4Scheduled an investor conference call and webcast for January 17, 2013, to discuss financial results.
- 5Made additional presentation materials (Exhibit 99.2) and supplemental information (Exhibit 99.3) available on its website.
- 6Clarified that Q4 earnings information is filed for Section 18 purposes, while supplemental materials are furnished.
- 7The report covers results for the period ended December 31, 2012.