8-KEarnings & ResultsRegulation FDExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Apr 15, 2020)

Filed April 15, 2020For 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 April 15, 2020, to report its financial results for the first quarter ended March 31, 2020. The company announced a net income of $4.0 billion, or $0.40 per diluted share, for the quarter. This filing primarily serves to incorporate by reference the press release detailing these results, along with accompanying presentation and supplemental information made available to investors. Investors should note that the disclosed financial results are subject to the context of the early stages of the COVID-19 pandemic, which began to significantly impact economic conditions during this quarter. The 8-K also signals an investor conference call and webcast scheduled for April 15, 2020, to discuss these results and other pertinent matters. The company has provided additional materials on its website to offer further insights into its financial condition and outlook.

Key Highlights

  • 1Reported Q1 2020 net income of $4.0 billion.
  • 2Reported Q1 2020 diluted earnings per share (EPS) of $0.40.
  • 3The 8-K incorporates by reference the official press release (Exhibit 99.1) detailing Q1 2020 financial results.
  • 4Scheduled an investor conference call and webcast for April 15, 2020, to discuss Q1 results.
  • 5Provided supplemental information and presentation materials (Exhibits 99.2 and 99.3) on the company's website for investors.
  • 6The filing is timed to coincide with the significant economic disruptions caused by the early stages of the COVID-19 pandemic.

Frequently Asked Questions

Bank of America reported a net income of $4.0 billion, or $0.40 per diluted share, for the first quarter ended March 31, 2020.

The detailed financial results are primarily available in the press release (Exhibit 99.1) incorporated by reference in the 8-K filing. Additional presentation materials (Exhibit 99.2) and supplemental information (Exhibit 99.3) are also available on the company's website.

The company held an investor conference call and webcast on April 15, 2020, to discuss its first-quarter financial results and other related matters.

This filing occurred on April 15, 2020, reporting results for the quarter ending March 31, 2020, which was a period of significant economic uncertainty and disruption due to the onset of the COVID-19 pandemic. Investors would be looking for how these unprecedented events impacted the bank's performance.