E*TRADE Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total net revenue of $447,099,000, profit before income tax benefit of $105,423,000 and net income of $57,863,000 or $0.20 per diluted share compared to total net revenue of $467,656,000, loss before income tax benefit of $221,195,000 and net loss of $186,059,000 or $0.65 per diluted share a year ago period. EBITDA was $161.1 million against LBITDA of $148.7 million for the same period a year ago. Book value per share was $16.90 as at December 31, 2013 against $17.14 at December 31, 2012. Tangible book value per share was $11.14 as at December 31, 2013 against $10.50 at December 31, 2012.

For the full year, the company reported total net revenue of $1,723,697,000, profit before income tax benefit of $194,939,000 and net profit of $86,012,000 or $0.29 per diluted share compared to total net revenue of $1,899,496,000, loss before income tax benefit of $130,964,000 and net loss of $112,583,000 or $0.39 per diluted share a year ago period.

Net charge-offs in the fourth quarter were $23 million, a decrease of $6 million from the prior quarter.