Huntington Bancshares Incorporated reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's net income was $212 million compared to $178 million a year ago. Diluted earnings per common share were $0.18 compared to $0.21 a year ago. Return on average assets was 0.84% compared to 1.00% a year ago. Return on average common equity was 8.2% compared to 10.8% a year ago. Return on average tangible common equity was 11.4% compared to 12.4% a year ago. Net interest income was $735 million compared to $497 million a year ago. Total revenue was $1,082 million compared to $777 million a year ago. Excluding approximately $0.06 per common share after tax of FirstMerit acquisition-related net expenses, adjusted earnings per common share were $0.24.

For the full year, the company's net income was $685 million compared to $693 million a year ago. Diluted earnings per common share were $0.67 compared to $0.81 a year ago. Return on average assets was 0.82% compared to 1.01% a year ago. Return on average common equity was 8.2% compared to 10.7% a year ago. Return on average tangible common equity was 10.2% compared to 12.4% a year ago. Tangible book value per common share was $6.41 compared to $6.91 a year ago. Net interest income was $2,369 million compared to $1,951 million a year ago. Total revenue was $3,561 million compared to $3,022 million a year ago.

The company also announced net charge-offs of $44 million compared to $22 million a year ago.

The company expects full-year revenue growth, given the FirstMerit acquisition, to be in excess of 20%. While continuing to proactively invest in the franchise, the company will manage the expense base with respect to annual goal to deliver positive operating leverage. The company expects to implement all FirstMerit-related cost savings by the 2017 third quarter. The effective tax rate for 2017 is expected to be in the range of 24% to 27%, excluding significant items. The company expects average balance sheet growth, driven largely by the FirstMerit acquisition, to be in excess of 20%.