Wells Fargo & Company reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's total interest income was $14,058 million compared to $12,643 million a year ago. Net interest income was $12,402 million compared to $11,588 million a year ago, primarily due to growth in loans and investment securities, higher interest income on trading assets, higher variable income including periodic dividends and fees, and a modest benefit from higher interest rates in the quarter. Net interest income after provision for credit losses was $11,597 million compared to $10,757 million a year ago. Income before income tax expense was $7,562 million compared to $8,156 million a year ago. Net income was $5,274 million compared to $5,575 million a year ago. Net income applicable to common stock was $4,872 million compared to $5,203 million a year ago. Diluted earnings per common share was $0.96 compared to $1.00 a year ago. Book value per common share was $35.18 compared to $33.78 a year ago. Tangible book value per common share was $29.25 compared to $28.15 a year ago. Return on assets (ROA) was 1.08% compared to 1.24% a year ago. Return on equity (ROE) was 10.94% compared to 11.93% a year ago. Return on average tangible common equity (ROTCE) was 13.16% compared to 14.30% a year ago.

For the year, the company's total interest income was $53,663 million compared to $49,277 million a year ago. Net interest income was $47,754 million compared to $45,301 million a year ago. Net interest income after provision for credit losses was $43,984 million compared to $42,859 million a year ago. Income before income tax expense was $32,120 million compared to $33,641 million a year ago. Net income was $21,938 million compared to $22,894 million a year ago. Net income applicable to common stock was $20,373 million compared to $21,470 million a year ago. Diluted earnings per common share was $3.99 compared to $4.12 a year ago. Book value per common share was $35.18 compared to $33.78 a year ago. Tangible book value per common share was $29.25 compared to $28.15 a year ago. Return on assets (ROA) was 1.16% compared to 1.31% a year ago. Return on equity (ROE) was 11.49% compared to 12.60% a year ago. Return on average tangible common equity (ROTCE) was 13.85% compared to 15.17% a year ago.

The company also announced total net loan charge-offs were $905 million for the fourth quarter of 2016.