The Goldman Sachs Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net interest income was $973 million against $1,065 million a year ago. Net revenues, including net interest income were $9,236 million against $6,049 million a year ago. Pre-tax earnings were $4,313 million against $1,247 million a year ago. Net earnings were $2,892 million against $1,013 million a year ago. Net earnings applicable to common shareholders were $2,833 million or $5.60 per diluted share against net earnings applicable to common shareholders of $978 million or $1.84 per diluted share a year ago. Annualized ROE was 16.5% for the fourth quarter of 2012. Investment banking produced fourth quarter net revenues of $1.4 billion, up 21% from the third quarter. The revenue increase was due to higher equity underwriting revenues following a weak third quarter and continued strength in debt underwriting.

For the year, the company reported net interest income of $3,880 million against $5,192 million a year ago. Net revenues, including net interest income were $34,163 million against $28,811 million a year ago. Pre-tax earnings were $11,207 million against $6,169 million a year ago. Net earnings were $7,475 million against $4,442 million a year ago. Net earnings applicable to common shareholders were $7,292 million or $14.13 per diluted share against net earnings applicable to common shareholders of $2,510 million or $4.51 per diluted share a year ago. Return on average common shareholders' equity was 10.7% for 2012. Book value per common share increased approximately 11% to $144.67 and tangible book value per common share increased approximately 12% to $134.06 compared with the end of 2011. For the full year, Investment Banking net revenues were $4.9 billion, up 13% from 2011 and due to a robust environment for debt issuance.

The company declared a dividend of $0.50 per common share to be paid on March 28, 2013 to common shareholders of record on February 28, 2013.