CIT Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's net interest revenue was $296.6 million against $296.4 million a year ago. Loss from continuing operations before provision for income taxes was $442.8 million against income of $56.7 million a year ago. Loss from continuing operations was $424.2 million or $2.10 per basic and diluted share against income of $69.6 million or $0.35 per basic and diluted share a year ago. Net income was $1,154.7 million or $5.71 per basic and diluted share against $144.5 million or $0.72 per basic and diluted share a year ago.

For the nine months, the company's net interest revenue was $1,153.2 million against $705.5 million a year ago. Loss from continuing operations before provision for income taxes was $2.5 million against income of $212.2 million a year ago. Loss from continuing operations was $195.5 million or $0.97 per basic and diluted share against income of $746.6 million or $4.01 per diluted share a year ago. Net loss was $860.9 million or $4.27 per basic and diluted share against income of $1,056.6 million or $5.67 per diluted share a year ago. Book value per share (BVPS) was $49.60 against $54.61 a year ago. Tangible book value per share was $49.72 against $48.50 a year ago.

For the quarter, net charge-offs were $23 million (0.41% of average finance receivables), compared to $22 million (0.38% of average finance receivables) in the prior quarter and $32 million (0.54% of average finance receivables) in the year-ago quarter.