Citigroup Inc

Latest Results (25.04.2026):

Citigroup Inc. reported results for the fourth quarter of 2025: reported net income of $2.5 billion ($1.19 diluted EPS) on revenues of $19.9 billion, and full‑year 2025 net income of $14.3 billion on $85.2 billion of revenue. The quarter included a Russia‑related notable item (a $1.2 billion loss on sale) that reduced reported results; excluding that item, Q4 net income was $3.6 billion and EPS was $1.81, and full‑year 2025 revenue was $86.4 billion. Management highlighted record revenues, positive operating leverage across businesses and plans to target 10–11% RoTCE going forward.

Key headline metrics (4Q 2025)

Revenues $19.9B; reported net income $2.5B; EPS $1.19 (ex‑Russia item EPS $1.81). Q4 RoE 4.5% and RoTCE 5.1% (preliminary). Full‑year return of capital ~ $17.6B (2025) including ~$5.6B in Q4; CET1 ratio ~13.2%; book value per share $110.01; tangible book $97.06.

Notable item impact

Q4 included a $1.2B pre‑tax loss on sale tied to AO Citibank in Russia recorded in Other revenues. On a reported basis revenues rose 2% YoY; excluding the Russia‑related notable item, Q4 revenues rose 8% YoY and Q4 net income was $3.6B.

Revenue and expense drivers

Reported net interest income increased 14% YoY but reported non‑interest revenue fell 27% YoY. Total operating expenses were $13.8B (up 6% YoY), driven by higher compensation, taxes, legal and technology costs, partially offset by productivity savings.

Credit, reserves and asset trends

Provision for credit losses was $2.2B in Q4 (net credit losses $2.19B; ACL build ~$30M). Total allowance for credit losses ≈ $21.4B; ACL on loans ≈ $19.2B (reserve-to-funded loans ~2.6%). End‑period loans $752B (+8% YoY) and deposits ~$1.4T (+9% YoY). Total non‑accrual loans rose to $3.6B.

Segment performance highlights (Q4 2025)

Services: revenues $5.9B (up 15% reported; +8% ex‑Russia notable item). Markets: $4.5B (down 1% YoY). U.S. Personal Banking (USPB): $5.3B (up 3%). Banking (Investment Banking + Corporate Lending): $2.2B (up 78% YoY). Wealth: $2.1B (up 7%). All Other (managed basis) showed revenues $(248)M and an All Other net loss of $(2.3)B.

Capital return and capital ratios

Citi returned roughly $17.6B to shareholders in 2025 (about $13B via buybacks). CET1 ratio was ~13.2% at quarter end (about 160 bps above regulatory requirement per the release); Supplementary Leverage Ratio ~5.5%.

Management commentary and outlook

CEO Jane Fraser said 2025 showed strong top‑line growth and operating leverage across businesses and that Citi enters 2026 with visible momentum, aiming for a 10–11% RoTCE target in the coming year.