Regions Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported income from continuing operations of $294 million against $288 million a year ago. Net income was $295 million against $285 million a year ago. Net income available to common shareholders was $279 million against $269 million a year ago. Net income from continuing operations available to common shareholders was $278 million against $272 million a year ago. Diluted earnings per common share from continuing operations were $0.23 against $0.21 a year ago. Diluted earnings per common share were $0.23 against $0.21 a year ago. Net interest income and other financing income was $853 million against $836 million a year ago. Total revenue, taxable-equivalent basis was $1,396 million against $1,455 million a year ago. Adjusted total revenue, taxable-equivalent basis was $1,386 million against $1,400 million a year ago. Net interest income and other financing income after provision for loan losses was $805 million against $767 million a year ago. Income from continuing operations before income taxes was $428 million against $408 million a year ago. Return on average assets from continuing operations was 0.89% was 0.87% a year ago. Return on average common stockholders' equity was 6.90% against 6.64% a year ago. Return on average tangible common stockholders' equity (non-GAAP) was 9.96% against 9.61% a year ago. Common book value per share was $13.04 as on December 31, 2016 against $12.35 as on December 31, 2015. Tangible common book value per share was $8.95 as on December 31, 2016 against $8.52 as on December 31, 2015. Adjusted total revenue, taxable-equivalent basis (non-GAAP) was $1,386 million against $1,370 million a year ago.

For the year, the company reported income from continuing operations of $1,158 million against $1,075 million a year ago. Net income was $1,163 million against $1,062 million a year ago. Net income available to common shareholders was $1,099 million against $998 million a year ago. Net income from continuing operations available to common shareholders was $1,094 million against $1,011 million a year ago. Diluted earnings per common share from continuing operations were $0.87 against $0.76 a year ago. Diluted earnings per common share were $0.87 against $0.75 a year ago. Adjusted total revenue, taxable-equivalent basis (non-GAAP) was $5,566 million against $5,325 million a year ago. Return on average tangible common stockholders' equity (non-GAAP) was 9.69% against 8.96% a year ago.

For the quarter, the company's net charge-offs totaled $83 million or 0.41% of average loans during the quarter compared to $54 million or 0.26% of average loans in the previous quarter.

For the year of 2017, the company expects effective tax rate to be in the range of 30% to 32%. Net interest income and other financing income growth is expected to be in the range of 2% to 4%.