First Republic Bank Announces Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2016; Announces Consolidated Net Loan Charge-Offs for the Quarter Ended Dec. 31, 2016
For the year, the company reported net interest income of $1,817,162,000, net interest income after provision for loan losses of $1,769,970,000, income before provision for income taxes of $827,596,000, net income of $673,428,000, net income available to common shareholders of $604,839,000, diluted earnings per common share of $3.93 compared to the net interest income of $1,516,663,000, net interest income after provision for loan losses of $1,461,224,000, income before provision for income taxes of $690,668,000, net income of $522,145,000, net income available to common shareholders of $463,217,000, diluted earnings per common share of $3.18 for the previous year. Book value per common share was 37.39% against 32.28% a year ago. Tangible book value per common share was 35.35% against 30.16% a year ago.
For the quarter, the company's net loan charge-offs were $207,000 against $1,395,000 a year ago.