BB&T Corporation reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, net income available to common shareholders was $592 million against $502 million a year ago. Diluted earnings per common share were $0.72 against $0.64 a year ago. Return on average assets was 1.16% against 1.03% a year ago. Return on average common shareholders' equity was   8.75% against 8.06% a year ago. Total revenues were $2,727 million against $2,519 million a year ago. Net interest income on a taxable-equivalent basis was $1,606 million against $1,542 million a year ago.

For the full year, net income available to common shareholders was a record $2.3 billion, up 16.7% from 2015. Earnings per diluted share totaled $2.77 compared to $2.56 for 2015.

The company announced net charge-offs for the fourth quarter of 2016, excluding loans acquired from the FDIC and PCI, totaled $136 million, compared to $130 million for the earlier quarter. Net charge-offs during the fourth quarter totaled $151 million, up $21 million compared to the prior quarter, primarily due to higher charge-offs on acquired from FDIC and PCI loans, loan sales and seasonal increases in the retail lending portfolio, partially offset by lower commercial net charge-offs.