secwatch.observer — SEC 8-K summary
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Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001104659-23-045385
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465923045385/0001104659-23-045385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465923045385/c-20230414x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-045385

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