secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0000070858-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000011/0000070858-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000011/bac-20240112.htm
  HTML page:      https://secwatch.observer/filing/0000070858-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer