earnings
confidence high
sentiment negative
materiality 0.80
Citigroup Q4 net income falls 21% to $2.5B, EPS $1.16, revenue up 6%
CITIGROUP INC
2022-FY EPS reported
$7.00
revenue$75,338,000,000
- Net income $2.5B, diluted EPS $1.16, down from $3.2B ($1.46) YoY; revenue $18.0B up 6%.
- Services revenues up 32% to $4.3B; Fixed Income up 31% to $3.2B; Investment Banking down 58% to $645M.
- PBWM net income plunged 93% to $114M on $1.7B cost of credit, elevated ACL build, and higher expenses.
- CET1 ratio 13.0% (up 80 bps YoY); tangible book value per share $81.65 (up 3% YoY).
- Returned $1.0B in dividends to common shareholders in Q4 (payout ratio 44%).