Summary
Bank of America Corporation (BAC) filed an 8-K on July 18, 2016, to report its financial results for the second quarter ended June 30, 2016. The company announced a net income of $4.2 billion, translating to $0.36 per diluted share. This filing primarily serves to officially release the details of their quarterly performance, which was made available through a press release and other supplemental materials. Investors should note that the company also scheduled an investor conference call and webcast for the same day to discuss these results further. The filing incorporates by reference the press release (Exhibit 99.1) detailing the financial performance, along with presentation materials (Exhibit 99.2) and supplemental information (Exhibit 99.3) which may contain additional historical and forward-looking data. While the press release information is considered "filed," the supplemental materials are "furnished," meaning they are provided for informational purposes but do not carry the same legal implications under Section 18 of the Securities Exchange Act of 1934.
Key Highlights
- 1Bank of America reported Q2 2016 net income of $4.2 billion.
- 2Diluted earnings per share (EPS) for Q2 2016 was $0.36.
- 3The 8-K filing incorporates the official Q2 2016 earnings press release (Exhibit 99.1).
- 4Additional presentation materials and supplemental financial information for Q2 2016 were furnished as Exhibits 99.2 and 99.3.
- 5The company announced an investor conference call and webcast to discuss Q2 2016 results.
- 6Information from the press release (Item 2.02) is deemed filed, while supplemental materials (Item 7.01) are furnished.