Revenue Performance: Total revenue for Q4 2024 was $17.023 billion, reflecting a year-over-year increase of 12% and a quarter-over-quarter decrease of 14.29%. Fee-based revenues rose by 40% due to strong performances in services, banking, and wealth management.
Profitability Metrics: Net income surged to $2.856 billion, with an EPS of $1.34 and a RoTCE (Return on Tangible Common Equity) of 6.1%. The net profit margin stood at 16.8%, showcasing efficient expense management with reported expenses of $13.2 billion, a decrease of 18% from previous year due largely to the absence of prior restructuring charges.
Balance Sheet Health: As of end Q4 2024, Citigroup’s CET1 capital ratio was robust at 13.6%, offering a cushion above regulatory requirements. Total assets totaled approximately $2.357 trillion with significant liquidity resources at $933 billion. Long-term debt remained steady at $287.3 billion, indicating strong debt management strategies during this period.