Greetings, ladies and gentlemen, and welcome to the BB&T Corporation Fourth Quarter 2017 Earnings Conference Call. Currently, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this event is being recorded. It is now my pleasure to introduce your host, Alan Greer of Investor Relations for BB&T Corporation.
Thank you Anthony and good morning everyone. Thanks to all of our listeners for joining us today. On today's call, we have Kelly King, our Chairman and Chief Executive Officer and Daryl Bible, our Chief Financial Officer, who will review the results for the fourth quarter of '17 and provide some thoughts for the first quarter and the full year of 2018. We also have Chris Henson, our President and Chief Operating Officer and Clarke Starnes, our Chief Risk Officer who will participate in the Q&A session. We will be referencing a slide presentation during today's comments. A copy of the presentation as well as our earnings release and supplemental financial information are available on the BB&T website.
Let me remind you that BB&T does not provide public earnings predictions or forecasts. However, there may be statements made during the course of this call that express management's intentions, beliefs or expectations. BB&T's actual results may differ materially from those contemplated by these forward-looking statements. Please refer to the cautionary statements regarding forward-looking information in our presentation and our SEC filings. Please also note that our presentation includes certain non-GAAP disclosures. Please refer to Page 2 and the appendix of the presentation for the appropriate reconciliations to GAAP.
And now, I will turn it over to Kelly.
Kelly S. King
Thank you, Alan. Good morning, everybody and thank you for joining us on our call. We had a really strong quarter, record adjusted net income available to shareholders, which was very balanced led by record revenues, good expense controls, stellar asset quality and really good growth in core loans. If you look at some of the numbers on Page 3, you will see that net income available to common shareholders totaled $614 million, which was up 3.7% versus the fourth quarter '16, but adjusted net income because of a number of changes, which we'll cover with you, was a record $671 million, up 11.5% versus like quarter.
Diluted EPS totaled $0.77, up 6.9% versus fourth quarter, but adjusted EPS totaled $0.84, which was up a strong 15.1% versus the fourth quarter. If you look at full year, our adjusted EPS was $3.14, which was up 9.4% compared to an adjusted EPS for last year. Our returns were very strong. So if you look at the adjusted ROA, ROCE and ROTCE respectively, they were 1.29%, 9.93% and a very strong 16.7% on return on tangible.
We're very pleased we had a positive operating leverage on an adjusted basis for both like and linked quarter. We had taxable equivalent revenues totaling $2.9 billion, which was up 5%. That was a function really of good core loan growth and non-interest
Kelly S. King
Chairman and Chief Executive Officer
Daryl N. Bible
Senior Executive Vice President and Chief Financial Officer
Christopher L. Henson
President and Chief Operating Officer
Clarke R. Starnes III
Senior Executive Vice President and Chief Risk Officer
Richard Lee Dodds
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