---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-003564"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-07T00:18:14.209631+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-003564
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465924003564/0001104659-24-003564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465924003564/c-20240112x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-003564
- JSON: https://secwatch.observer/filing/0001104659-24-003564.json
- Plain text: https://secwatch.observer/filing/0001104659-24-003564.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000110465924003564/0001104659-24-003564-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000110465924003564/0001104659-24-003564-index.htm

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