SVB Financial Group reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. Consolidated net income available to common stockholders for the fourth quarter of 2016 was $99.5 million, or $1.89 per diluted common share, compared to $111.1 million, or $2.12 per diluted common share, for the third quarter of 2016 and $87.5 million, or $1.68 per diluted common share, for the fourth quarter of 2015. Net interest income, on a fully taxable equivalent basis, was $296.9 million for the fourth quarter of 2016, compared to $289.4 million for the third quarter of 2016. Return on average assets was 0.88% against 0.80% a year ago. Return on average equity was 10.74% against 10.83% a year ago.

Consolidated net income available to common stockholders for the year ended December 31, 2016 was $382.7 million, or $7.31 per diluted common share, compared to $343.9 million, or $6.62 per diluted common share, for the comparable 2015 period. Net interest income was $1,150.5 million against $1,006.4 million a year ago. Return on average assets was 0.87% against 0.84% a year ago. Return on average equity was 10.9% against 11.18% a year ago. Book value per common share was $69.71 against $61.97 a year ago.

For the fiscal year ending December 31, 2017, the company expects net interest income to increase at a percentage rate in the low teens. The company expects effective tax rate going forward to remain in the 40% range.

For the fiscal year ending December 31, 2017, the company expects net loan charge-offs between 0.30% and 0.50% of average total gross loans.