---
schema_version: "secwatch.filing_event.v1"
accession: "0000070858-23-000005"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:40:38.368937+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BAC Q4 net income $7.1B ($0.85 EPS), revenue +11% to $24.5B, NII +29%

## Summary
- Q4 net income $7.1B vs $7.0B YoY; diluted EPS $0.85 vs $0.82; full-year net income $27.5B ($3.19 EPS).
- Revenue $24.5B +11%; NII $14.7B +29% on higher rates and loan growth; noninterest income $9.9B -8%.
- Provision for credit losses $1.1B (reserve build $403M) vs net release $851M in Q4-21; net charge-offs $689M.
- Average loans +10% to $1.0T (commercial + credit card); deposits -5% to $1.9T; CET1 ratio 11.2% (+25bps QoQ).
- Record Q4 sales & trading revenue $3.5B; Consumer Banking net income $3.6B +15%; GWIM net income $1.2B -2%.

## SEC filing metadata
- accession: 0000070858-23-000005
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085823000005/0000070858-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085823000005/bac-20230113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070858-23-000005
- JSON: https://secwatch.observer/filing/0000070858-23-000005.json
- Plain text: https://secwatch.observer/filing/0000070858-23-000005.txt

## Key facts
- Earnings Releases
  BANK OF AMERICA CORP /DE/ reported Q4 2022 results: revenue 24.5, net income 7.1, EPS 0.85.
  - Period: Q4 2022
  - Revenue: 24.5
  - Net income: 7.1
  - EPS: 0.85
  - Result: reported results
  source text: 2022 Net Income of $27.5 Billion; EPS of $3.19 2 Bank of America Financial Highlights ($ in billions, except per share data) Q4-22 Q4-21 Total revenue, net of interest expense $24.5 $22.1 Provision for credit losses 1.1 (0.5) Noninterest expense 15.5 14.7 Pretax income 7.9 7.8 Pretax, pre-provision income1(D) 9.0 7.3 Income tax expense 0.8 0.8 Net Income 7.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000005/0000070858-23-000005-index.htm
- Earnings Releases
  BANK OF AMERICA CORP /DE/ reported FY 2022 results: revenue 95.0, net income 27.5, EPS 3.19.
  - Period: FY 2022
  - Revenue: 95.0
  - Net income: 27.5
  - EPS: 3.19
  - Result: reported results
  source text: tax expense 0.8 0.8 Net Income 7.1 7.0 Diluted earnings per share $0.85 $0.82 ($ in billions, except per share data) FY 2022 FY 2021 Total revenue, net of interest expense $95.0 $89.1 Provision for credit losses 2.5 (4.6) Noninterest expense 61.4 59.7 Pretax income 31.0 34.0 Pretax, pre-provision income1(D) 33.5 29.4 Income tax expense 3.4 2
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000005/0000070858-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.