Categories AlphaGraphs, Earnings, Finance
Infographic: Key highlights from Bank of America’s (BAC) Q1 2023 earnings results
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.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/04/Bank-of-America-Q1-2023-Earnings-Infographic-608x1024.jpg)
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](https://cdn.news.alphastreet.com/wp-content/uploads/2023/01/Bank-of-America-Q4-2022-earnings-infographic-608x1024.jpg)
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