On April 16, 2024, Bank of America Corporation filed a Form 8-K report with the SEC, announcing its financial results for the first quarter ended March 31, 2024. The bank reported a net income of $6.7 billion, or $0.76 per diluted share. The report also included details on various classes of securities registered on the New York Stock Exchange. The bank's financial performance was discussed in an investor conference call and webcast on the same day. The report highlighted a special FDIC assessment expense of $700 million, with an adjusted net income of $7.2 billion, or $0.83 per adjusted diluted share, when excluding this expense. The bank's total revenue, net of interest expense, was $25.8 billion, with a decrease in net interest income to $14.0 billion. The provision for...Show More

On April 16, 2024, Bank of America Corporation filed a Form 8-K report with the SEC, announcing its financial results for the first quarter ended March 31, 2024. The bank reported a net income of $6.7 billion, or $0.76 per diluted share. The report also included details on various classes of securities registered on the New York Stock Exchange. The bank's financial performance was discussed in an investor conference call and webcast on the same day. The report highlighted a special FDIC assessment expense of $700 million, with an adjusted net income of $7.2 billion, or $0.83 per adjusted diluted share, when excluding this expense. The bank's total revenue, net of interest expense, was $25.8 billion, with a decrease in net interest income to $14.0 billion. The provision for credit losses was $1.3 billion, with a net reserve release of $179 million. Noninterest expense was reported at $17.2 billion, with an adjusted noninterest expense of $16.5 billion after excluding the FDIC special assessment. The bank also returned $4.4 billion to shareholders through dividends and share repurchases. The report included additional financial data, such as average deposit balances, loans and leases, and capital ratios.