Citigroup Inc

Latest Results (04.06.2026):

Citigroup Inc. — Fourth Quarter 2025: Citi reported fourth-quarter 2025 net income of $2.5 billion, or $1.19 per diluted share, on revenues of $19.9 billion. Results included a Russia-related notable item (a $1.2 billion pre-tax loss on sale of AO Citibank) that materially affected reported revenue, taxes and income; excluding that item, 4Q25 revenues were up 8% year-over-year and adjusted net income was $3.6 billion ($1.81 EPS).

Reported results and notable item

4Q25 reported revenue $19.9B (+2% YoY); reported net income $2.5B and EPS $1.19. The quarter included a $1.2B pre-tax Russia-related loss recorded in Other revenues; excluding that item, 4Q25 net income was $3.6B and EPS was $1.81.

Full‑year 2025

FY2025 revenue $85.2B with net income $14.3B (EPS $6.99). Excluding notable items (Russia and the Banamex goodwill impairment), FY2025 revenue was $86.4B and adjusted net income was $16.1B (adjusted EPS shown in Citi materials).

Capital returns and capital metrics

Citi returned roughly $17.6B to common shareholders in 2025 (about $5.6B in 4Q25), including ~$13B of buybacks. CET1 ratio was 13.2% (preliminary) at quarter end; Supplementary Leverage Ratio 5.5%. Book value per share $110.01 and tangible book value per share $97.06.

Profitability and efficiency

Fourth‑quarter ROE was 4.5% and RoTCE 5.1% (preliminary). Operating expenses were $13.8B (+6% YoY) and the efficiency ratio was 69.6% for 4Q25.

Credit and provisions

Total provision for credit losses was $2.2B in 4Q25 (net credit losses $2.19B). Total ACL was ~$21.4B at quarter end; ACL on loans ~$19.2B (reserve-to-funded-loans 2.6%). Non-accrual loans rose to $3.6B (up 35% YoY).

Balance sheet and flows

End‑period loans $752B (up 8% YoY) and deposits ~$1.4T (up 9% YoY). Average loans $737B (+7% YoY) and average deposits ~$1.4T (+8% YoY).

Business segment performance — highlights

Services: revenues $5.9B (+15% reported; +8% excl. Russia item). Markets: revenues $4.5B (down 1% YoY), with net income down on lower revenues and higher expenses. Banking: revenues $2.2B (+78% YoY) driven by Corporate Lending and Investment Banking. Wealth: revenues $2.1B (+7%). U.S. Personal Banking (USPB): revenues $5.3B (+3%) and net income $845M (+116% YoY). All Other (managed basis) reported negative revenue $(248)M and a net loss of $(2.3)B.

Taxes and effective rate

Effective tax rate was ~34% in 4Q25 (up from 24% in 4Q24), reflecting a limited tax benefit related to the Russia notable item.

Management outlook

Management highlighted record revenues, positive operating leverage across businesses in 2025, and a 2026 objective to reach a 10–11% RoTCE target over time, while continuing to return excess capital to shareholders.