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 reported a robust quarter for Q2 2024, with net income reaching $3.2 billion, translating to earnings per share (EPS) of $1.52. The bank experienced a 4% increase in revenues, which is notable given the competitive landscape and ongoing regulatory pressures. Management emphasized operational efficiency and strategic transformation as key drivers of performance despite the challenges posed by recent regulatory actions concerning data quality management. Citi remains committed to improving returns, particularly within its U.S. Personal Banking division, and plans to increase its quarterly dividend from $0.53 to $0.56, signaling confidence in its profitability and cash flow generation. The outlook remains optimistic with expectations for an RoTCE of 7.2%.
Key Performance Indicators
Revenue
20.14B
QoQ: -4.50% | YoY:3.62%
Gross Profit
20.14B
1.00% margin
QoQ: -4.50% | YoY:3.62%
Operating Income
6.93B
QoQ: -10.21% | YoY:71.40%
Net Income
3.22B
QoQ: -4.57% | YoY:10.36%
EPS
1.54
QoQ: -3.14% | YoY:14.93%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $20.14 billion (+4% YoY)
- **Net Income**: $3.22 billion (+10.36% YoY, -4.57% QoQ)
- **EPS**: $1.52 (+14.93% YoY, -3.14% QoQ)
- **Operating Margin**: 34.39%
- **CET1 Ratio**: 13.6%