Citigroup reported solid Q1 2025 results with net income rising to $4.1 billion and revenues increasing to $21.6 billion. EPS grew year over year, driven by improved performance across its core businesses and disciplined cost management.
Citigroup reported a net income of $2.9 billion for Q4 2024, a significant increase compared to the net loss of $(1.8) billion in Q4 2023. Revenues reached $19.6 billion, up 12% year-over-year, driven by growth in each of Citi’s businesses. The company's full-year net income was $12.7 billion, with revenues of $81.1 billion.
Citigroup's Q3 2024 net income was $3.2 billion, or $1.51 per diluted share, on revenues of $20.3 billion. Revenues increased 1% year-over-year, or 3% excluding divestiture-related impacts. Net income decreased due to higher credit costs, partially offset by revenue growth and expense reductions.
Citigroup reported a net income of $3.4 billion, or $1.58 per diluted share, on revenues of $21.1 billion for Q1 2024. Revenues decreased by 2% year-over-year, but increased by 3% excluding divestiture-related impacts. The results were driven by growth in Banking, U.S. Personal Banking, and Services, offset by declines in Markets and Wealth. The company returned $1.5 billion to common shareholders through dividends and share repurchases and increased its CET1 ratio to 13.5%.