8-KEarnings & ResultsRegulation FDExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Oct 16, 2013)

Filed October 16, 2013For 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 October 16, 2013, to report its financial results for the third quarter ended September 30, 2013. The company announced a net income of $2.5 billion, or $0.20 per diluted share, for the quarter. This filing is important for investors as it provides key earnings figures and additional context through attached press releases, presentation materials, and supplemental information. Investors should note that the press release (Exhibit 99.1) is considered "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it is subject to liability for misstatements. The accompanying presentation materials and supplemental information (Exhibits 99.2 and 99.3), however, are furnished and not considered filed, meaning they do not carry the same liability implications. The company also announced an investor conference call to discuss these results and related matters.

Key Highlights

  • 1Bank of America reported third-quarter 2013 net income of $2.5 billion.
  • 2Earnings per diluted share for the third quarter were $0.20.
  • 3The 8-K filing incorporates by reference the Q3 2013 earnings press release (Exhibit 99.1).
  • 4Presentation materials and supplemental financial information for the quarter were also made available as exhibits (99.2 and 99.3).
  • 5These additional materials are furnished, not filed, and therefore do not carry the same legal liability as the press release.
  • 6An investor conference call and webcast were scheduled to discuss the third-quarter financial results.

Frequently Asked Questions

Bank of America reported a net income of $2.5 billion for the third quarter of 2013, which translated to $0.20 per diluted share.

The press release (Exhibit 99.1) is considered 'filed' under Section 18 of the Securities Exchange Act, making the company liable for any misstatements within it. The presentation materials and supplemental information (Exhibits 99.2 and 99.3) are 'furnished,' meaning they are provided for informational purposes but do not carry the same legal liability.

Investors can refer to Exhibit 99.1 (the Press Release) and Exhibits 99.2 and 99.3 (Presentation Materials and Supplemental Information) attached to this 8-K filing, which are also available on the Corporation's website.

The financial results for the third quarter ended September 30, 2013, were announced on October 16, 2013, and the company held an investor conference call and webcast on the same day to discuss these results.