8-KEarnings & ResultsRegulation FDExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Jan 19, 2022)

Filed January 19, 2022For 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 January 19, 2022, to report its financial results for the fourth quarter and full year ended December 31, 2021. The company announced a fourth quarter net income of $7.0 billion, translating to $0.82 per diluted share. For the full year, BAC reported a net income of $32.0 billion, or $3.57 per diluted share. This filing serves as a formal announcement of these key financial metrics, which are further detailed in the accompanying press release. In addition to the earnings release, the company also disclosed that it would hold an investor conference call and webcast on January 19, 2022, to discuss these results. Supplemental presentation materials and additional financial information for the period were also made available on the company's website. Investors should note that while the earnings release information is considered "filed" for Section 18 purposes, the supplemental and presentation materials are furnished and not deemed filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.

Key Highlights

  • 1Reported Q4 2021 net income of $7.0 billion, or $0.82 per diluted share.
  • 2Announced full-year 2021 net income of $32.0 billion, or $3.57 per diluted share.
  • 3Filed an 8-K on January 19, 2022, with the SEC to disclose these financial results.
  • 4Included a press release (Exhibit 99.1) with detailed financial information for Q4 and full-year 2021.
  • 5Notified investors of an upcoming investor conference call and webcast to discuss the results.
  • 6Furnished additional presentation materials (Exhibit 99.2) and supplemental information (Exhibit 99.3) on its website.

Frequently Asked Questions

For the fourth quarter of 2021, Bank of America reported a net income of $7.0 billion, or $0.82 per diluted share. For the full year ended December 31, 2021, the company announced a net income of $32.0 billion, or $3.57 per diluted share.

The detailed financial information is provided in the press release attached as Exhibit 99.1 to the 8-K filing. Additional presentation materials and supplemental information were also made available on the company's website as Exhibits 99.2 and 99.3.

Yes, Bank of America announced that it would hold an investor conference call and webcast on January 19, 2022, to discuss its fourth quarter and full-year 2021 financial results, along with other relevant matters.

No, the supplemental information and presentation materials (Exhibits 99.2 and 99.3) are furnished, not filed. This means they are not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into future filings under the Securities Act of 1933.