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Infographic: Key highlights from Bank of America’s (BAC) Q1 2023 earnings results

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Bank of America Corporation (NYSE: BAC) reported first quarter 2023 earnings results today.

Revenue, net of interest expense, increased 13% year-over-year to $26.3 billion.

Net income rose 15% to $8.2 billion, or $0.94 per share, compared to last year.

Revenue and earnings both surpassed projections.

Average loan and lease balances were up 7% to $1 trillion, led by commercial loan growth and higher credit card balances.

Prior performance

Bank of America Q4 2022 earnings infographic
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