MUFG Americas Holdings Corp. on Jan. 24 reported fourth-quarter 2016 net income attributable to the company of $334 million, compared to $84 million in the fourth quarter of 2015.

The company's full-year 2016 net income attributable to the company was $990 million, compared to $644 million in 2015.

The company's total revenue was $1.42 billion, up from $1.34 billion in the preceding quarter and $1.21 billion in the year-ago period. Total revenue for 2016 was $5.28 billion, compared to $4.74 billion for 2015.

The company recorded a reversal of provision for credit losses of $41 million, compared with a provision for credit losses of $73 million for the linked quarter and a provision of $192 million for the year-ago period.

The net interest margin was 2.35% for the quarter, more than the 2.29% in the linked quarter and 2.07% a year earlier. When excluding the company's registered broker/dealer subsidiary MUFG Securities Americas Inc., the margin was 2.78% for the most recent quarter, compared to 2.72% for the previous period and 2.68% for the year-ago period.

Net loans charged off in the period were $19 million, compared to $124 million in the linked quarter and recoveries of $6 million in the same quarter a year ago.

MUFG Americas is a unit of Mitsubishi UFJ Financial Group Inc.