The company said it reported net income of $9.3B for Q4 2023, with EPS of $3.04. Excluding significant items (the FDIC special assessment and net investment securities losses), net income was $12.1B, EPS was $3.97, and ROTCE was 19%.

1. 01

   The company said it reported net income of $9.3B for Q4 2023, with EPS of $3.04. Excluding significant items (the FDIC special assessment and net investment securities losses), net income was $12.1B, EPS was $3.97, and ROTCE was 19%.

2. 02

   The company said it recorded an FDIC special assessment of $2,882 (in millions) and net investment securities losses of $743 (in millions), both pre-tax, in Corporate in Q4. It said Corporate expense was $3.4B, up $3.0B from a year earlier.

3. 03

   The company said its 4Q23 CET1 capital was $251B, and its Standardized and Advanced CET1 ratios were 15.0%, respectively. In the same quarter, it paid a common dividend of $1.05 per share ($3.1B) and made net common share repurchases of $2.0B.

4. 04

   The company expects net interest income for 2024 of about $90B, net interest income excluding Markets of about $88B, and adjusted expense of about $90B, all market dependent, it said. It also expects the 2024 Card Services NCO rate to be below 3.50%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.