Summary
Bank of America Corporation (BAC) filed an 8-K on April 14, 2016, to report its first quarter 2016 financial results. The company announced a net income of $2.7 billion, translating to $0.21 per diluted share for the quarter ended March 31, 2016. This filing also indicated that BAC would host an investor conference call and webcast to discuss these results, along with providing supplemental presentation materials for investors. Investors should note that while the press release regarding Q1 2016 results (Exhibit 99.1) is considered 'filed' under Section 18 of the Securities Exchange Act, the accompanying presentation materials and supplemental information (Exhibits 99.2 and 99.3) are furnished and not deemed 'filed.' This distinction is important for understanding the regulatory implications of the provided information.
Key Highlights
- 1Bank of America reported Q1 2016 net income of $2.7 billion.
- 2Diluted earnings per share (EPS) for Q1 2016 was $0.21.
- 3The company filed a Form 8-K on April 14, 2016, to disclose its Q1 2016 financial results.
- 4A press release detailing the Q1 2016 results (Exhibit 99.1) is incorporated by reference and deemed 'filed'.
- 5BAC scheduled an investor conference call and webcast for April 14, 2016, to discuss quarterly performance.
- 6Additional presentation materials and supplemental financial information for Q1 2016 were made available on the company's website and furnished as exhibits.