The company said it recorded a net loss of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion in Q4 2023. For the prior-year period, it reported net income of $2.5 billion, or $1.16 per share, on revenues of $18.0 billion.

1. 01

   The company said it recorded a net loss of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion in Q4 2023. For the prior-year period, it reported net income of $2.5 billion, or $1.16 per share, on revenues of $18.0 billion.

2. 02

   The company cited several notable items in Q4: an FDIC special assessment of about $1.7 billion pre-tax, a reserve build of $1.3 billion tied to transfer risk in Russia and Argentina, a pre-tax revenue impact of about $880 million from the Argentine peso devaluation, and a restructuring charge of about $780 million. Excluding these items, diluted earnings per share would have been $0.84.

3. 03

   The company said its net income for 2023 was $9.2 billion on revenues of $78.5 billion. For 2022, it reported net income of $14.8 billion on revenues of $75.3 billion.

4. 04

   The company said its CET1 Capital ratio at the end of Q4 was 13.3%, versus 13.6% in the prior quarter. It also said it returned about $6 billion to shareholders through dividends and share buybacks in 2023, and about $1.5 billion in Q4.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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