Bank of America Q1 net income $8.2B, EPS $0.94; NII up 25%, revenue $26.3B

BANK OF AMERICA CORP /DE/

2023-Q1 EPS reported $0.94 revenue$26,258,000,000

Diluted EPS $0.94, up 18% YoY; net income $8.2B.
Revenue $26.3B (+13% YoY), net interest income $14.4B (+25%).
Provision for credit losses $931MM; net charge-offs 32 bps (up 16 bps YoY).
CET1 ratio 11.4% (up 14 bps QoQ); paid $1.8B dividends and $2.2B buybacks.
Seventh consecutive quarter of positive operating leverage (705 bps).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

BANK OF AMERICA CORP /DE/ reported the first quarter ended March 31, 2023 results: net income $8.2 billion, EPS $0.94 per diluted share.

Period: the first quarter ended March 31, 2023
Net income: $8.2 billion
EPS: $0.94 per diluted share
Result: reported results

Exact text from the filing

On April 18, 2023 , Bank of America Corporation (the “Corporation”) announced financial results for the first quarter ended March 31, 2023, reporting first quarter net income of $8.2 billion, or $0.94 per diluted share.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000070858-23-000131

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