C
Citigroup Inc
Q1 2025 Report
Citigroup Inc (C) Q1 2025 Financial Results: Strong Performance with Proactive Capital Management...
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Executive Summary
Citigroup Inc. (NYSE: C) reported a net income of approximately $3.4 billion for the first quarter of 2024, translating to an earnings per share (EPS) of $1.58. This reflects a year-over-year increase in revenues of over 3%, emphasizing the bank's strategic focus on operational simplification and enhancing client services. CEO Jane Fraser noted that 2024 is a pivotal year for Citigroup as it implements organizational changes to drive efficiency, indicating a strong outlook balanced with macroeconomic considerations. The quarter marked notable gains in investment banking and consumer banking, reflecting the bank's adaptability in a mixed economic environment.
Key Performance Indicators
Revenue
21.09B
QoQ: 11.96% | YoY:3.38%
Gross Profit
21.09B
1.00% margin
QoQ: 11.96% | YoY:3.38%
Operating Income
7.72B
QoQ: 128.83% | YoY:24.89%
Net Income
3.37B
QoQ: 252.05% | YoY:-26.81%
EPS
1.59
QoQ: 237.07% | YoY:-28.05%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $21.1 billion, an increase of 3.38% YoY
- **Net Income**: $3.4 billion, a decrease of 26.81% YoY but a strong rebound of 252.05% QoQ
- **EPS**: $1.58, down by 28.05% YoY
- **Return on Tangible Common Equity (RoTCE)**: 7.6%
- **Cost of Credit**: $2.4 billion, up due to higher net credit losses, notably within consumer lending.