8-KEarnings & ResultsRegulation FDExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Financial Results (Apr 18, 2022)

Filed April 18, 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 April 18, 2022, to report its first-quarter 2022 financial results. The company announced a net income of $7.1 billion, or $0.80 per diluted share, for the quarter ended March 31, 2022. This filing incorporates by reference the press release detailing these results. In addition to the earnings announcement, the company also disclosed that it would be holding an investor conference call and webcast on the same day to discuss these results and other relevant matters. Supplemental and presentation materials containing historical and forward-looking information were also made available on the company's website and furnished with this filing. Investors should review the detailed press release and supplemental materials for a comprehensive understanding of BAC's performance and outlook.

Key Highlights

  • 1Reported first-quarter 2022 net income of $7.1 billion.
  • 2Earnings per diluted share for Q1 2022 were $0.80.
  • 3The 8-K filing incorporates by reference the official Q1 2022 earnings press release (Exhibit 99.1).
  • 4A conference call and webcast were scheduled for April 18, 2022, to discuss the financial results.
  • 5Additional presentation materials (Exhibit 99.2) and supplemental information (Exhibit 99.3) were furnished to provide further context.
  • 6Information in Exhibits 99.2 and 99.3 is presented as of specific dates and the company disclaims any obligation to update it.

Frequently Asked Questions

For the first quarter ended March 31, 2022, Bank of America reported a net income of $7.1 billion, which translated to $0.80 per diluted share.

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

Yes, the company held an investor conference call and webcast on April 18, 2022, to discuss the first-quarter financial results and other related topics.

No, the information provided in Exhibits 99.2 (Presentation Materials) and 99.3 (Supplemental Information) is furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934. This means they are not subject to the same liability provisions as 'filed' information.