Wells Fargo reported Q4/15 and full year net income of $5.7 billion and $23.0 billion, respectively, compared to $5.7 billion and $23.1 billion for the same periods a year earlier.

The following highlights were excerpted from the news release:

• Interest income in Q4/15 and full year of $12.6 billion and $49.3 billion, respectively, was up from $12.2 billion and $47.6 billion a year earlier.
• Noninterest income in Q4/15 and full year of $10.0 billion and $40.76 billion, respectively, compared to $10.3 billion and $40.82 billion for the same 2014 periods.
• Interest income on lease financing average balances of $12.30 billion in 2015 was $577 million at a yield of 4.70% compared to $690 million of interest income on average balances of $12.26 billion at a yield of 5.63% in 2014.
• The net interest margin for the year 2015 was 2.95%, down 16 basis points from 3.11% in 2014.

“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,” said John Stumpf, Wells Fargo chairman and CEO. “We remained focused on the building blocks of long-term shareholder value, with continued growth in loans, deposits and capital. For the fifth 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.”