NEW YORK ( TheStreet) -- Since the financial crisis, investors and reporters reading Wall Street earnings have grown used to adjustments that take into account so-called onetime legal settlements, regulatory penalties, asset writedowns and a quarterly exercise in backing out accounting gains and losses from an investment bank's debt costs. In reporting record full-year revenue and a near 50% fourth quarter profitability surge on Tuesday morning, Jefferies ( JEF) added a new twist to Wall Street's earnings bungle: charity. On Tuesday, Jefferies had to adjust for charity, and specifically, donations made to help a battered East Coast recover from a Hurricane Sandy, a late-October storm that destroyed thousands of homes and left millions without power. On the second line of Jefferies earnings release, the investment bank pegs its quarterly net income at $72 million, but highlights the number would have been $81 million had it not been for donations made in the wake of Hurricane Sandy and unnamed costs associated with its acquisition by financial holding company Leucadia National ( LUK). Earnings per share, excluding Sandy-related donations and M&A expense was 35 cent a share, and 31 cents a share on a GAAP-basis. In a supplement to earnings, Jefferies states it paid $4.1 million in Hurricane Sandy donations. A financial supplement notes, adjusted revenue and EPS figures " reflect amortization of intangible assets recognized in connection with the acquisitions of Hoare Govett and the Bache entities, donations to Hurricane Sandy relief of $4.1 million and transaction costs (primarily professional fees) associated with the announced merger with Leucadia National Corporation of $4.2 million." Jefferies is the first of a host of publicly traded investment banks to report fourth quarter earnings that could include a new type of earnings adjustment -- prospective Hurricane Sandy related aid. Goldman Sachs ( GS), Morgan Stanley ( MS), JPMorgan ( JPM), Bank of America Merrill Lynch ( BAC) and Citigroup ( C) all report fourth quarter earnings in the New Year, but have publicly disclosed multi-million dollar commitments to Hurricane Sandy relief. Even with the visible Sandy-related adjustments, it was a banner quarter and year for Jefferies. Overall, fourth quarter earnings increased 48% and revenue rose nearly 39%. Meanwhile full-year revenue $3 billion was a record for the firm, even if overall profits fell slightly for the year to $282 million. The bank's fourth quarter earning surge was a result of strong trading gains and flat investment banking advisory and underwriting revenue. Fixed Income net revenues of $1.2 billion were a 66% increase from 2011 levels, while $1.13 billion in investment banking revenue represented no year-over-year change. Jefferies shares rose over 3% in Tuesday trading to $18.80, adding to 30%-plus year-to-date gains.