Wells Fargo (NYSE: WFC) reported Q4 EPS of $1.03, $0.01 better than the analyst estimate of $1.02. Revenue was $21.6 billion versus the consensus of $21.8 billion.

• Net income of $5.7 billion, stable compared with fourth quarter 2014
• Diluted EPS of $1.03, up 1 percent
• Revenue of $21.6 billion, up 1 percent
• Pre-tax pre-provision profit1 of $9.2 billion, up 4 percent
• ROA of 1.27 percent and ROE of 12.23 percent
• Total average loans of $912.3 billion, up $62.9 billion, or 7 percent
• Total average deposits of $1.2 trillion, up $67.0 billion, or 6 percent
• Net charge-off rate of 0.36 percent (annualized), up from 0.34 percent
• Nonaccrual loans down $1.5 billion, or 11 percent
• No reserve build or release2, compared with a $250 million release in fourth quarter 2014
• Common Equity Tier 1 ratio (fully phased-in) of 10.7 percent3
• Period-end common shares outstanding down 16.3 million from third quarter 2015

Chairman and CEO John Stumpf said, “Full year and fourth quarter 2015 results demonstrated the benefit of our diversified business model as we again generated strong financial results, maintained our risk discipline and continued to invest across the company for future growth. We remained focused on the building blocks of long-term shareholder value, with continued growth in loans, deposits and capital. For the 5th consecutive year, we returned more capital to shareholders than the prior year. I am proud of the dedication of our team members and their focus on helping our customers succeed financially."

Chief Financial Officer John Shrewsberry added, “Our performance in the fourth quarter reflected a continuation of the solid results we generated all year and the ability of our diversified business model to perform consistently across cycles. Compared with the prior quarter, we increased deposits and grew both commercial and consumer loans, while maintaining our credit and pricing discipline. Net interest income increased as we benefited from broad-based earning asset growth, and fee income remained diversified. We continued to have strong liquidity and capital levels, and our net payout ratio4 was stable at 59 percent."

For earnings history and earnings-related data on Wells Fargo (WFC) click here.