E*TRADE Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total net revenue of $461 million, income before income tax expense of $71 million and net income of $41 million or $0.14 per basic and diluted share compared to total net revenue of $446 million, income before income tax expense of $105 million and net income of $58 million or $0.20 per basic and diluted share a year ago period. EBITDA was $122 million against $160 million for the same period a year ago. Book value per share was $18.58 as on December 31, 2014 against $18.26 as on December 31, 2013. Tangible book value per share was $13.08 as on December 31, 2014 against $12.69 on December 31, 2013.

For the full year, the company reported total net revenue of $1,814 million, income before income tax expense of $452 million and net profit of $293 million or $1.00 per diluted share compared to total net revenue of $1,723 million, income before income tax expense of $195 million and net income of $86 million or $0.29 per diluted share a year ago period.

Net charge-offs in the fourth quarter were $7 million compared with $10 million in the prior quarter.