Northern Trust Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, total revenue was $1,241.4 million compared to $1,156.7 million a year ago. Income before income taxes was $389.5 million compared to $350.4 million a year ago. Net income was $266.5 million or $1.11 diluted per share compared to $239.3 million or $0.99 diluted per share a year ago. Return on average common equity was 11.87% compared to 11.14% a year ago. Return on average assets was 0.90% compared to 0.84% a year ago.

For the year, total revenue was $4,961.8 million compared to $4,702.6 million a year ago. Income before income taxes was $1,517.1 million compared to $1,465.0 million a year ago. Net income was $1,032.5 million or $4.32 diluted per share compared to $973.8 million or $3.99 diluted per share a year ago. Return on average common equity was 11.87% compared to 11.54% a year ago. Return on average assets was 0.89% compared to 0.88% a year ago. Book value per share was $38.88 compared to $36.27 a year ago.

The company announced net charge-offs of $10.9 million for the fourth quarter ended December 31, 2016.