Bank of America
Q4 2022 Earnings Call
Jan 13, 2023, 9:30 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] Please note, this call will be recorded, and I am standing by if you should need any assistance. 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. Good morning. Welcome. Thank you for joining the call to review the fourth quarter results.
I know it's a busy day with lots of banks reporting, and we appreciate your interest. I trust everybody has had a chance to review our earnings release documents. They're available, including the earnings presentation that we'll be referring 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 ask Alastair Borthwick, our CFO, to cover some other elements of the quarter.
Before I turn the call over to Brian, let me 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 that are subject to risks and uncertainties. Factors that may cause actual results to materially differ from expectations are detailed in our earnings materials and SEC filings available on our website. Information about our non-GAAP financial measures, including reconciliations to U.S.
GAAP, can also be found in our earnings materials that are available on the website. So, with that, take it away, Brian.
Brian Moynihan -- Chief Executive Officer
Thank you, Lee, and thank all of you for joining us this morning. I am starting on Slide 2 of the earnings presentation. During the fourth quarter of 2022, our team once again delivered responsible growth for our shareholders. We reported $7.1 billion in net income after tax or $0.85 per diluted share.
We grew revenue 11% year over year and delivered our sixth straight quarter of operating leverage. And again, we delivered a strong 16% return on tangible common equity. If you move to Slide 3, we list the highlights of the quarter, which have been pretty consistent throughout the year. We drove good organic customer activity and saw significant increases in net interest income, which all helped drive operating leverage.