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Citigroup Q3 Earnings Beat Estimates on Y/Y NII Growth, Stock Up
ZACKS· 2025-10-14 17:06
Key Takeaways Citigroup posted Q3 adjusted EPS of $2.24, up 48.3% year over year and above estimates.Results were driven by strong NII, higher non-interest revenues and lower credit provisions.Expenses rose 8.7%, while a weaker capital position partly offset the upbeat performance.Citigroup Inc. (C) reported third-quarter 2025 adjusted net income per share of $2.24, up 48.3% from the year-ago period. The metric also surpassed the Zacks Consensus Estimate by 17.3%.C shares gained roughly 1% in the pre-market ...
Citi(C) - 2025 Q3 - Earnings Call Presentation
2025-10-14 15:00
Financial Performance - Citigroup's Q3 2025 revenues reached $22.1 billion, a 9% increase year-over-year[5] - Net income for Q3 2025 was $3.8 billion, up 16% year-over-year, or $4.5 billion excluding notable items, a 38% increase year-over-year[5] - Earnings per share (EPS) for Q3 2025 were $1.86, a 23% increase year-over-year, or $2.24 excluding notable items, a 48% increase year-over-year[5] - The company returned approximately $6.1 billion to common shareholders through share repurchases and dividends in Q3 2025, including $5.0 billion in share repurchases[5] Business Segment Performance - Services revenues increased by 7% year-over-year to $5.4 billion in Q3 2025[7] - Markets revenues increased by 15% year-over-year to $5.6 billion in Q3 2025[7] - Banking revenues increased by 34% year-over-year to $2.1 billion in Q3 2025[7] - U.S Personal Banking revenues increased by 7% year-over-year to $5.3 billion in Q3 2025[7] Capital and Credit Quality - Citigroup's CET1 Capital Ratio was 13.2%, approximately 110 bps above the regulatory requirement[5] - U.S Credit Cards Loans reached $168 billion in Q3 2025[19]
Looking For Yields: Essential Utilities, Verizon, And WesBanco Are Consistent Moneymakers
Yahoo Finance· 2025-10-13 12:01
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Essential Utilities, Verizon, and WesBanco have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to around 6%. Essential Utilities Essential Utilities Inc. (NYSE:WTRG) provides water, wastewater, and natu ...
Citigroup Q2 Earnings Beat Estimates on Y/Y NII Rise, Stock Up
ZACKS· 2025-07-15 16:35
Core Insights - Citigroup Inc. reported a second-quarter 2025 adjusted net income per share of $1.96, reflecting a 28.9% increase year-over-year and exceeding the Zacks Consensus Estimate by 21.7% [1][10] - The company's shares rose by 1.2% in pre-market trading following the release of these results [1] Financial Performance - Citigroup's net income on a GAAP basis for the quarter was $4.1 billion, marking a 25% increase from the same period last year [2] - Total revenues, net of interest expenses, increased by 8% year-over-year to $21.7 billion, surpassing the Zacks Consensus Estimate by 3.3% [3] - Net interest income (NII) rose 12% year-over-year to $15.2 billion, while non-interest revenues fell by 1% to $6.5 billion [3] Expense and Revenue Breakdown - Operating expenses increased by 2% year-over-year to $13.6 billion, primarily due to higher compensation and benefits expenses [4] - In the Services segment, revenues were $5.1 billion, up 8% year-over-year, driven by growth in Treasury and Trade Solutions [5] - The Markets segment saw a 16% increase in revenues to $5.9 billion, attributed to growth in Fixed Income and Equity markets [5] - Banking revenues rose 18% year-over-year to $1.9 billion, mainly due to growth in investment banking and corporate lending [6] - U.S. Personal Banking revenues increased by 6% to $5.1 billion, while the Wealth segment's revenues rose 20% to $2.2 billion [6] Balance Sheet and Capital Position - At the end of Q2 2025, Citigroup's deposits increased by 3% to $1.36 trillion, and loans also rose by 3% to $725.3 billion [8] - The Common Equity Tier 1 capital ratio was 13.5%, slightly down from 13.59% in the previous year [12] - The supplementary leverage ratio decreased to 5.5% from 5.89% year-over-year [12] Credit Quality and Provisions - Total non-accrual loans surged by 49% year-over-year to $3.4 billion [11] - Provisions for credit losses were $2.9 billion, up 16% from the prior year, while the allowance for credit losses on loans decreased by 5% to $19.1 billion [11] Shareholder Returns - Citigroup returned $3 billion to shareholders through dividends and share repurchases, and increased its dividend by 7.1% to 60 cents per share starting in Q3 2025 [10][13][14] Strategic Outlook - The company is focusing on business transformation initiatives, including exits from non-viable segments and organizational simplification, which are expected to enhance long-term results [15][16]