---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-003663"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:43:45.009457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Citigroup Q4 net income falls 21% to $2.5B, EPS $1.16, revenue up 6%

## Summary
- 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%).

## SEC filing metadata
- accession: 0001104659-23-003663
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465923003663/0001104659-23-003663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465923003663/c-20221014x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-003663
- JSON: https://secwatch.observer/filing/0001104659-23-003663.json
- Plain text: https://secwatch.observer/filing/0001104659-23-003663.txt

## Key facts
- Earnings Releases
  CITIGROUP INC reported the quarter and year ended December 31, 2022 results: revenue $18.0 billion, net income $2.5 billion, EPS $1.16 per diluted share.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $18.0 billion
  - Net income: $2.5 billion
  - EPS: $1.16 per diluted share
  - Result: reported results
  source text: Citigroup Inc. today reported net income for the fourth quarter 2022 of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000110465923003663/0001104659-23-003663-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.