Citigroup reported net income of $2.9 billion ($1.34 per diluted share) on revenues of $19.6 billion for Q4 2024, compared to a net loss of $(1.8) billion on revenues of $17.4 billion in the prior-year period. For the full year, net income was $12.7 billion on revenues of $81.1 billion.

1. 01

   Citigroup reported net income of $2.9 billion ($1.34 per diluted share) on revenues of $19.6 billion for Q4 2024, compared to a net loss of $(1.8) billion on revenues of $17.4 billion in the prior-year period. For the full year, net income was $12.7 billion on revenues of $81.1 billion.

2. 02

   The company said revenues for Q4 increased 12% from the prior-year period, operating expenses were $13.2 billion, down 18%, and total cost of credit was approximately $2.6 billion, lower than $3.5 billion in the prior-year period.

3. 03

   Citigroup returned approximately $6.7 billion to common shareholders in the form of common dividends and share repurchases in 2024 ($2.1 billion in Q4). On January 13, 2025, the Board of Directors authorized a multi-year $20 billion common stock repurchase program beginning in Q1 2025.

4. 04

   The company said it now expects 2026 RoTCE to be between 10% and 11% in order to make additional investments in its businesses and Transformation, and it described this level as a waypoint, not a destination.

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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