Citi(US:C)2026-01-14 15:21Financial Performance - Citigroup reported a consolidated net income of $4.5 billion for Q4 2025, reflecting a 10% increase year-over-year[1]. - Total Citigroup revenues reached $20 billion in Q4 2025, with net interest income (NII) contributing $12 billion, up 8% from the previous year[1]. - Citigroup reported net revenues of $21,596 million for Q4 2025, a 10% increase from Q4 2024, and full-year revenues of $85,225 million, reflecting a 6% increase compared to FY 2024[2]. - Citigroup's net income for Q4 2025 was $4,064 million, a 34% decrease from Q4 2024, while full-year net income reached $14,306 million, a 13% increase from FY 2024[2]. - Citigroup's net income for FY 2025 was $14,306 million, reflecting a 13% increase from FY 2024[7]. - Total Citigroup reported revenues for FY 2025 reached $85.225 billion, reflecting a 6% increase compared to FY 2024's $80.722 billion[93]. - Total Citigroup Net Income for FY 2025 was reported at $14.306 billion, reflecting a 13% increase compared to FY 2024's $12.682 billion[97]. Revenue Breakdown - Non-Interest Revenues (NIR) accounted for $8 billion, representing a 12% increase compared to Q4 2024[1]. - Total non-interest revenues (NIR) decreased by 4% to $25,433 million in FY 2025 compared to FY 2024[7]. - Services revenue for Q4 2025 reached $5,942 million, an increase of 11% from Q3 2025 and 15% year-over-year[15]. - Corporate lending revenues for Q4 2025 were $938 million, a decrease of 5% from Q3 2025 but a significant increase of 197% year-over-year[104]. - Legacy franchises revenues for FY 2025 were $5,512 million, a 19% decrease from FY 2024[101]. Operating Expenses - Citigroup's total operating expenses for Q4 2025 were $14 billion, which is a 4% increase year-over-year[1]. - Operating expenses for Q4 2025 were $13,425 million, up 6% year-over-year, with full-year operating expenses totaling $55,132 million, a 3% increase from FY 2024[2]. - Total operating expenses for FY 2025 were reported at $55.132 billion, a 3% increase from FY 2024's $53.567 billion[95]. - Total operating expenses for FY 2025 were $6,040 million, a 14% decrease from FY 2024[104]. Capital and Assets - The Common Equity Tier 1 (CET1) capital ratio stood at 12.5%, indicating a strong capital position[1]. - The Common Equity Tier 1 (CET1) Capital ratio stood at 13.41% for Q4 2025, while the Tier 1 Capital ratio was 15.10%[3]. - Total assets increased to $2,571.5 billion in Q4 2025, reflecting a 13% increase from the previous year[2]. - Total end-of-period assets reached $86 billion in Q4 2025, a 16% increase from Q4 2024[49]. Loans and Deposits - Total loans reached $702.1 billion in Q4 2025, marking an 8% increase year-over-year, while total deposits were $1,316.4 billion, a 9% increase from Q4 2024[2]. - Total end-of-period loans as reported for Q4 2025 were $752 million, an 8% increase from Q4 2024's $695 million[93]. - Total end-of-period deposits as reported for Q4 2025 reached $1.404 billion, a 9% increase from Q4 2024's $1.285 billion[93]. Credit Losses and Provisions - The allowance for credit losses (ACL) was reported at $3 billion, with a decrease of 5% from the previous quarter[1]. - Net credit losses (NCLs) for Q4 2025 were $2,459 million, a 1% increase from Q4 2024, with total NCLs for FY 2025 at $9,097 million, a 1% increase compared to FY 2024[2]. - The total allowance for credit losses (ACL) was $19,247 million, with a ratio of 2.58%[76]. - The net credit losses (NCLs) for the quarter were $(2,190) million, showing a 1% decrease compared to $(2,234) million in the previous quarter[79]. Strategic Initiatives - The company plans to expand its wealth management services, targeting a 15% growth in client assets by 2026[1]. - Citigroup is investing in new technology platforms, with a budget of $1 billion allocated for digital transformation initiatives in 2026[1]. - Citigroup's market expansion strategy includes entering three new international markets by the end of 2026[1]. Efficiency and Returns - The efficiency ratio improved to 62.2% in Q4 2025, compared to 67.1% in Q4 2024, indicating better cost management[2]. - The return on common equity (RoCE) for FY 2025 is 8.0%, compared to 5.1% in FY 2024, indicating a significant improvement[90]. - The return on tangible common equity (RoTCE) for FY 2025 was 11.6%, an increase of 250 basis points from 9.1% in FY 2024[24].