SVB Financial Group reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported consolidated net income available to common stockholders was $117.2 million or $2.19 per diluted common share compared to $99.5 million or $1.89 per diluted common share a year ago. Net interest income (fully taxable equivalent basis) of $395.3 million compared to $296.6 million a year ago. Noninterest income of $152.3 million compared to $113.5 million a year ago. Non-GAAP core fee income of $106.4 million compared to $84.6 million a year ago. Return on average assets (annualized) of 0.92% compared to 0.88% a year ago. Book value per common share was $79.11 against $69.71 a year ago. Return on average equity was 11.09% against 10.77% a year ago. Return on average equity was 12.38% against 10.90% a year ago.

For the year, the company reported consolidated net income available to common stockholders was $490.5 million or $9.20 per diluted common share compared to $382.7 million, or $7.31 per diluted common share a year ago. Net interest income (fully taxable equivalent basis) of $1,420.4 million compared to $1,150.5 million a year ago. Noninterest income of $557.2 million compared to $456.6 million a year ago. Non-GAAP core fee income of $379.0 million compared to $316.2 million a year ago. Return on average assets (annualized) of 1.01% compared to 0.87% a year ago. Book value per common share was $79.11 against $69.71 a year ago.

For the quarter, the company reported net loan charge-offs of $12.9 million, or 23 basis points of average total gross loans (annualized) compared to $10.5 million, or 19 basis points.

For the fiscal year ending December 31, 2018, the company expects net interest income to increase at a percentage rate in the high teens. The company expects effective tax rate between 27.0% and 30.0%.

For the fiscal year ending December 31, 2018, the company expects net loan charge-offs between 0.30% and 0.50% of average total gross loans.