Citi Q1 net income $4.6B (+7% YoY); adj. EPS $1.86 (-19% YoY); CET1 13.4%

CITIGROUP INC

2023-Q1 EPS reported $2.19 revenue$21,447,000,000

Net income $4.6B ($2.19 diluted EPS); divestiture-related impacts added $0.33 to EPS.
Excluding divestiture impacts, adjusted EPS of $1.86 down 19% YoY on higher costs and credit.
ICG revenues flat (+1%) with TTS up 31% but Banking down 21%; PBWM net income fell 74%.
Credit costs $2.0B vs $0.8B a year ago, with net ACL build of $241M and net charge-offs up 49%.
CET1 ratio 13.4% (up 40bp QoQ); returned $1.0B in dividends to common shareholders.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIGROUP INC reported the quarter ended March 31, 2023 results: revenue $21.4 billion, net income $4.6 billion, EPS $2.19 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $21.4 billion
Net income: $4.6 billion
EPS: $2.19 per diluted share
Result: reported results

Exact text from the filing

Citigroup Inc. today reported net income for the first quarter 2023 of $4.6 billion, or $2.19 per diluted share, on revenues of $21.4 billion.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

CITIGROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-23-045385

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