Citizens Financial Group Inc. on Jan. 20 reported fourth-quarter 2016 net income available to common stockholders of $282 million, or 55 cents per share. A year ago, it was $221 million, or 42 cents per share.

For the full year of 2016, the Providence, R.I.-based company posted net income applicable to common stockholders of $1.03 billion, or $1.97 per share, compared with $833 million, or $1.55 per share, in 2015.

The S&P Capital IQ consensus estimate for normalized EPS was 52 cents for the most recent quarter and $1.90 for the full year.

Total revenue for the quarter was $1.36 billion, up almost 11% from $1.23 billion a year ago, reflecting year-over-year growth in both net interest income and noninterest income.

Net interest margin for the period was 2.90%, up from 2.84% in the linked quarter and 2.77% in the year-ago period.

Nonperforming loans and leases for the quarter stood at $1.05 billion, compared to $1.11 billion in the linked period. Net charge-offs in the period were $104 million, up from $83 million for the prior quarter and $77 million in the same quarter a year ago — or 0.39%, 0.32% and 0.31% of total loans and leases, respectively.

Additionally, the quarter's provision for credit losses was $102 million, up 12% from a year ago, due to higher net charge-offs in commercial, mostly commodities-related credits, as well as a one-time methodology change in auto.

Citizens will pay a quarterly cash dividend of 14 cents per share, up from the previous 12 cents. It will be paid out on Feb. 16 to shareholders of record as of Feb. 2.