First Citizens Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's interest income was $254,782,000 compared to $241,861,000 a year ago. Net interest income was $243,917,000 compared to $230,719,000 a year ago. Net interest income after provision for loan and lease losses was $227,888,000 compared to $223,673,000 a year ago. Income before income taxes was $81,055,000 compared to $66,922,000 a year ago. Net income was $52,690,000 compared to $42,748,000 a year ago. Net income per share was $4.39 compared to $3.56 a year ago. Annualized return on average assets was 0.63% compared to 0.53% a year ago. Annualized return on average equity was 6.86% compared to 5.92% a year ago.

For the year, the company's interest income was $987,757,000 compared to $969,209,000 a year ago. Net interest income was $944,675,000 compared to $924,905,000 a year ago. Net interest income after provision for loan and lease losses was $911,734,000 compared to $904,241,000 a year ago. Income before income taxes was $351,067,000 compared to $332,414,000 a year ago. Net income was $225,482,000 compared to $210,386,000 a year ago. Net income per share was $18.77 compared to $17.52 a year ago. Annualized return on average assets was 0.70% compared to 0.68% a year ago. Annualized return on average equity was 7.51% compared to 7.52% a year ago. Book value per share was $250.82 compared to $239.14 a year ago.

The company also announced total net charge-offs of $9,184,000 for the fourth quarter of 2016 compared to $6,293,000 a year ago.