Citigroup reported fourth-quarter results that exceeded analyst expectations, driven by increased interest income and lower-than-anticipated loan loss provisions. The bank's performance was also influenced by an ongoing restructuring process.
Key Financial Results (Q4)
- Adjusted Earnings: $1.81 per share, surpassing the LSEG expectation of $1.67 per share.
- Adjusted Revenue: $21.0 billion, exceeding the expected $20.72 billion.
- Net Income: $2.47 billion, or $1.19 per share, a 13% decrease from the previous year. This included a $1.1 billion after-tax loss related to the divestment of Russian operations.
- Net Income (excluding Russia charge): $3.6 billion, or $1.81 per share.
- Revenue (excluding Russia charge): Increased by 8% to $21.0 billion, with gains in banking, wealth, and institutional services.
- Net Interest Income: Rose by 14% to $15.67 billion, approximately $815 million above the StreetAccount estimate.
- Loan Loss Provision: $2.2 billion, about $330 million below expectations, potentially indicating economic optimism.
Management Commentary
CEO Jane Fraser stated that 2025 was a year of