Bank of America
Q3 2022 Earnings Call
Oct 17, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, everyone. And welcome to today's Bank of America earnings announcement. [Operator instructions] It is now my pleasure to turn today's program over to Lee McEntire. Please go ahead.
Lee McEntire -- Senior Vice President, Investor Relations
Thank you, Catherine. Good morning. Welcome. Hope everyone had a good weekend.
Thank you for joining the call to review our third quarter results. I hope everyone also had a chance to review our earnings documents released earlier this morning. As always, they're available, including the earnings presentation that Brian and Alastair will refer to during the call on the investor relations section of the bankofamerica.com website. I'm going to first turn the call over to our CEO, Brian Moynihan, for some opening comments.
And then, I'll ask Alastair Borthwick, our CFO, to cover the details of the quarter. Before I turn the call over to Brian, I'll just remind you that we may make forward-looking statements and refer to non-GAAP financial measures during the call. Forward-looking statements are based on management's current expectations and assumptions, and are subject to risks and uncertainties. Factors that may cause actual results to materially differ from expectations are detailed in our earnings materials and the SEC filings that are available on the website.
Information about non-GAAP financial measures, including reconciliations to U.S. GAAP, can also be found in our earnings materials that are available on the website and in the docs. So with that, I will turn it over to you, Brian. Thank you.
Brian Moynihan -- Chief Executive Officer
Good morning, and thank you for joining us. I want to start by sending our thoughts to the impacted areas from the devastation of recent storms, especially our impacted teammates and their families. Our teams remain busy assisting those clients and associates in the impacted areas. So, we can start on Slide 2 of the earnings materials.
This quarter, Bank of America reported $7.1 billion in net income, or $0.81 per diluted share. We grew revenues 8% year over year. We delivered our fifth straight quarter of operating leverage. Every business segment delivered operating leverage.
This takes us back to our five-year run before the pandemic. The highlights this quarter were also once again marked by good organic customer activity. This was coupled with a significant increase in net interest income. In addition, the teams adapted well to our new capital requirements.