Raymond James Financial (RJF) has reported 37.84 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $146.57 million, or $1 a share in the quarter, compared with $106.33 million, or $0.73 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $155.56 million, or $1.07 a share compared with $107.51 million or $0.73 a share, a year ago.

Revenue during the quarter grew 17.16 percent to $1,492.80 million from $1,274.16 million in the previous year period. Non-interest income for the quarter rose 16.20 percent over the last year period to $1,345.99 million.

Net interest margin improved 16 basis points to 3.06 percent in the quarter from 2.90 percent in the last year period.

"We are proud that we were able to generate record quarterly net revenues enabled by record net revenues in several of our core operating segments," said chief executive officer Paul Reilly. "We are also encouraged by ending the quarter with records for several of our key revenue drivers including client assets under administration, financial assets under management and net loans at RJ Bank."

Shareholders equity stood at $1,721.62 million as on Dec. 31, 2016, down 65.01 percent or $3,199.03 million from year-ago.

At the same time, return on equity increased 240 basis points to 11.70 percent in the quarter from 9.30 percent in the last year period.

Nonperforming assets moved up 27.90 percent or $15.08 million to $69.13 million on Dec. 31, 2016 from $54.05 million on Dec. 31, 2015.

Tier-1 leverage ratio stood at 14.50 percent for the quarter, down from 16.20 percent for the previous year quarter. Book value per share was $35.55 for the quarter, up 9.79 percent or $3.17 compared to $32.38 for the same period last year.