---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-045385"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:19:30.667524+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-045385
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465923045385/0001104659-23-045385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465923045385/c-20230414x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-045385
- JSON: https://secwatch.observer/filing/0001104659-23-045385.json
- Plain text: https://secwatch.observer/filing/0001104659-23-045385.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000110465923045385/0001104659-23-045385-index.htm

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