AI English summary of an SEC filing — figures as filed
Citigroup CCitigroup said net income for Q1 2025 was $4.1 billion, or $1.96 per diluted share, on revenues of $21.6 billion. For Q1 2024, net income was $3.4 billion, or $1.58 per diluted share, on revenues of $21.0 billion.
Key points
AI summaryCitigroup said net income for Q1 2025 was $4.1 billion, or $1.96 per diluted share, on revenues of $21.6 billion. For Q1 2024, net income was $3.4 billion, or $1.58 per diluted share, on revenues of $21.0 billion.
The company said operating expenses were $13.4 billion, down 5%, citing a smaller FDIC special assessment, the absence of a restructuring charge and lower compensation expenses. Cost of credit was $2.7 billion, up 15%, driven by a higher net build in the allowance for credit losses related to deterioration in the macroeconomic outlook and higher net credit losses in the card portfolios in USPB, the company said.
Markets revenues were $5,986 million, up 12% from the prior-year period, Citigroup said. Equity markets revenues were $1,509 million, up 23%. Wealth revenues were $2,096 million, up 24%, with growth across Citigold, the Private Bank and Wealth at Work, the company added.
During Q1, Citigroup returned approximately $2.8 billion to common shareholders in the form of dividends and share repurchases, with share repurchases of $1.75 billion, the company said. At the end of Q1, the CET1 Capital ratio was 13.4%, down from 13.6% in the prior quarter, while the Supplementary Leverage ratio was 5.8%, unchanged from the prior quarter.
Summary
AI-writtenAnalysis 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.
Q1 2025 Net Income and Revenues
Citigroup said net income for Q1 2025 was $4.1 billion, or $1.96 per diluted share, on revenues of $21.6 billion. For Q1 2024, net income was $3.4 billion, or $1.58 per diluted share, on revenues of $21.0 billion.
Source · Based on the filing body and exhibits
Operating Expenses Decline and Cost of Credit Increase
The company said operating expenses were $13.4 billion, down 5%, citing a smaller FDIC special assessment, the absence of a restructuring charge and lower compensation expenses. Cost of credit was $2.7 billion, up 15%, driven by a higher net build in the allowance for credit losses related to deterioration in the macroeconomic outlook and higher net credit losses in the card portfolios in USPB, the company said.
Source · Based on the filing body and exhibits
Segment Revenues: Markets and Wealth
Markets revenues were $5,986 million, up 12% from the prior-year period, Citigroup said. Equity markets revenues were $1,509 million, up 23%. Wealth revenues were $2,096 million, up 24%, with growth across Citigold, the Private Bank and Wealth at Work, the company added.
Source · Based on the filing body and exhibits
Capital Returns and Capital Ratios
During Q1, Citigroup returned approximately $2.8 billion to common shareholders in the form of dividends and share repurchases, with share repurchases of $1.75 billion, the company said. At the end of Q1, the CET1 Capital ratio was 13.4%, down from 13.6% in the prior quarter, while the Supplementary Leverage ratio was 5.8%, unchanged from the prior quarter.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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