Citigroup Q4 net loss $1.8B; EPS -$1.16 on $1.7B FDIC assessment, $1.3B reserve build

CITIGROUP INC

2023-FY EPS reported $4.04 revenue$78,462,000,000

Net loss of $1.8B vs. $2.5B net income in Q4 2022; revenues down 3% to $17.4B.
Excluding notable items (FDIC assessment, Russia/Argentina reserve, peso devaluation, restructuring), adj. EPS $0.84.
Full-year 2023 net income $9.2B on revenues $78.5B, up 4% YoY excluding divestitures.
Services revenues rose 6% to $4.5B; Markets Fixed Income 'disappointing', Equities decent.
CET1 ratio 13.3%, TBVPS $86.19; returned $1.5B in Q4 ($6B in 2023) via dividends and buybacks.

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 0.95

CITIGROUP INC reported the quarter ended December 31, 2023 results: revenue $17.4 billion, net income $(1.8) billion, EPS $(1.16) per diluted share.

Period: the quarter ended December 31, 2023
Revenue: $17.4 billion
Net income: $(1.8) billion
EPS: $(1.16) per diluted share
Result: reported results

Exact text from the filing

Citigroup Inc. today reported a net loss for the fourth quarter 2023 of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CITIGROUP INC reported the year ended December 31, 2023 results: revenue $78.5 billion, net income $9.2 billion.

Period: the year ended December 31, 2023
Revenue: $78.5 billion
Net income: $9.2 billion
Result: reported results

Exact text from the filing

For the full year 2023, Citigroup reported net income of $9.2 billion, on revenues of $78.5 billion, compared to net income of $14.8 billion on revenues of $75.3 billion for the full year 2022.

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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 0001104659-24-003564

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