Bank of America Q4 net income $3.1B ($0.35 EPS); FY 2023 net income $26.5B ($3.08 EPS)

BANK OF AMERICA CORP /DE/

2023-FY EPS reported $3.08 revenue$98,581,000,000

Q4 2023 net income $3.1B, diluted EPS $0.35; full-year net income $26.5B, diluted EPS $3.08.
FY 2023 revenue $98.6B (GAAP); adjusted revenue $100.2B excluding FDIC special assessment.
Provision for credit losses rose 76% YoY to $4.4B; net charge-offs $3.8B, reserve build $0.6B.
Adjusted efficiency ratio 64%, ROA 0.93%, ROTCE 15.0% for 2023.

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 0.9

BANK OF AMERICA CORP /DE/ reported the year ended December 31, 2023 results: net income $26.5 billion, EPS $3.08 per diluted share.

Period: the year ended December 31, 2023
Net income: $26.5 billion
EPS: $3.08 per diluted share
Result: reported results

Exact text from the filing

On January 12, 2024 , Bank of America Corporation (the “Corporation”) announced financial results for the fourth quarter and year ended December 31, 2023, reporting fourth quarter net income of $3.1 billion, or $0.35 per diluted share, and net income for the year of $26.5 billion, or $3.08 per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BANK OF AMERICA CORP /DE/ reported the fourth quarter ended December 31, 2023 results: net income $3.1 billion, EPS $0.35 per diluted share.

Period: the fourth quarter ended December 31, 2023
Net income: $3.1 billion
EPS: $0.35 per diluted share
Result: reported results

Exact text from the filing

On January 12, 2024 , Bank of America Corporation (the “Corporation”) announced financial results for the fourth quarter and year ended December 31, 2023, reporting fourth quarter net income of $3.1 billion, or $0.35 per diluted share, and net income for the year of $26.5 billion, or $3.08 per diluted share.

View on SEC.gov

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

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000070858-24-000011

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