Regions Financial Corporation announced earnings results for the fourth quarter and full year ended December 31, 2017. For the fourth quarter, the company reported net income available to common shareholders from continuing operations of $318 million and earnings per diluted share from continuing operations of $0.27 compared to $278 million or $0.23 per diluted share a year ago. Income from continuing operations was $334 million against $294 million a year ago. Net income available to common shareholders was $319 million or $0.27 per diluted share against $279 million or $0.23 per diluted share a year ago. Total revenue, taxable-equivalent basis was $1,479 million against $1,396 million a year ago. Adjusted total revenue, taxable-equivalent basis (non-GAAP) was $1,472 million against $1,386 million a year ago. Net interest income and other financing income on a fully taxable equivalent basis increased $50 million or 6% on a reported basis, and $56 million or 6% on an adjusted basis.

For the full year of 2017, the company reported net income available to common shareholders from continuing operations of $1.2 billion, an increase of 9% over the prior year, and earnings per diluted share from continuing operations of $1.00, an increase of 15% compared to $1,094 million or $0.87 per diluted share a year ago. Income from continuing operations was $1,257 million against $1,158 million a year ago. Net income available to common shareholders was $1,199 million or $1.00 per diluted share against $1,099 million or $0.87 per diluted share a year ago.

Net charge-offs totaled $63 million or 0.31% of average loans compared to $76 million or 0.38% of average loans in the previous quarter.

For the full year of 2018, the company expects adjusted net interest income growth in the 3% to 5% range. For 2018, the company expects net charge-offs to be in the range of 35 to 50 basis points. For 2018, the company expects adjusted operating leverage of 3% to 5%. The company expects total adjusted noninterest income growth in the 3% to 6% range. 2018 adjusted return on average tangible common equity ratio is now expected to be in the 14% to 16% range. The company's 2018 guidance for the effective tax rate is now in the 20% to 22% range.