Regions Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the fourth quarter, the company reported total revenue was $1,350 million compared to $1,294 million a year ago. Income from continuing operations was $288 million or $0.21 per basic and diluted share against $219 million or $0.15 per basic and diluted share a year ago. Net income from continuing operations available to common shareholders was $272 million or $0.21 per basic and diluted share against $203 million or $0.15 per basic and diluted share a year ago. Tangible common book value per share (non-GAAP) was $8.52 compared to $8.18 at December 31, 2014. Net income available to common shareholders was $269 million or $0.21 per basic and diluted share against $200 million or $0.15 per basic and diluted share a year ago. Adjusted total revenue was $1,358 million compared to $1,299 million a year ago. Income from continuing operations before income taxes was $408 million against $317 million last year. Return on average assets from continuing operations was 0.87% against 0.68% last year. Return on average tangible common stockholders' equity was 9.61% against 7.04% last year. Common book value per share was $12.35 against $11.81 at December 31, 2014.

For the full year, the company reported income from continuing operations was $1,075 million or $0.76 per diluted share against $1,134 million or $0.78 per basic and diluted share a year ago. Net income from continuing operations available to common shareholders was $1,011 million or $0.76 per basic and diluted share against $1,082 million or $0.78 per diluted share a year ago. Net income available to common shareholders was $998 million or $0.75 per basic and diluted share against $1,095 million or $0.79 per diluted share last year. Total interest income, including other financing income was $3,603 million against $3,589 million last year. Net interest income and other financing income after provision for loan losses was $3,307 million against $3,280 million last year. Income from continuing operations before income taxes was $1,530 million against $1,682 million last year. Adjusted total revenue, taxable-equivalent basis was $5,325 million against $5,209 million last year. Total revenue, taxable-equivalent basis was $5,453 million against $5,246 million last year.

The effective tax rate is expected to be in the 30% to 32% range during 2016. Net interest and other financing income is expected to be up in the 2% to 4% range. The company expected to grow adjusted noninterest income somewhere in the 4% to 6% range. The company expected total adjusted noninterest expenses in 2016 to be flat to up modestly from 2015.

For the quarter, net charge-offs totaled $78 million, an increase of $18 million from the previous quarter primarily related to one energy loan.