Financial Results Highlights:
Fourth Quarter 2016 Compared with Fourth Quarter 2015:
- Net income of $1,345 million, up 11%; adjusted net income(1) of $1,395 million, up 10%
- EPS(2) of $2.02, up 10%; adjusted EPS(1,2) of $2.10, up 11%
- ROE of 13.8%, compared with 12.9%; adjusted ROE(1) of 14.4%, compared with 13.5%
- Provisions for credit losses of $174 million, compared with $128 million
- Common Equity Tier 1 Ratio of 10.1%
- Dividend increased by $0.02 from the preceding quarter to $0.88
Fiscal 2016 Compared with Fiscal 2015:
- Net income of $4,631 million, up 5%; adjusted net income(1) of $5,020 million, up 7%
- EPS(2) of $6.92, up 5%; adjusted EPS(1,2) of $7.52, up 7%
- ROE of 12.1%, compared with 12.5%; adjusted ROE(1) of 13.1%, compared with 13.3%
- Provisions for credit losses of $815 million, compared with $612 million
- Annual dividends paid per share of $3.36 compared to $3.20, an increase of $0.16 or 5%