"Even how committed we are to returning capital, I am particularly pleased to announce that our board authorized a $20 billion share repurchase program."
— Jane Fraser
03Detailed Report
C
Citigroup Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 28, 2026
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Executive Summary
In Q4 2024, Citigroup Inc (C) reported a net income of $2.856 billion, highlighting an impressive year-over-year increase of 228.82% driven by improved operational efficiency and strategic execution across its diversified business segments. The total revenue for the quarter reached $17.023 billion, evidencing a 12% year-over-year growth. Management emphasized a positive macroeconomic environment bolstered by strong consumer and corporate sectors while indicating confidence in future revenue targets despite ongoing regulatory and market challenges. 2024 was marked as a pivotal year for execution on key transformations, with a noted increase in share repurchase plans, enhancing shareholder value amid prioritized operational improvements.
Key Performance Indicators
Revenue
Decreasing
17.02B
QoQ: -14.29% | YoY: -9.64%
Gross Profit
Decreasing
17.02B
1.00% margin
QoQ: -14.29% | YoY: -9.64%
Operating Income
Increasing
6.85B
QoQ: 1.98% | YoY: 103.11%
Net Income
Increasing
2.86B
QoQ: -11.80% | YoY: 228.82%
EPS
Increasing
1.38
QoQ: -10.39% | YoY: 218.97%
Revenue Trend
Margin Analysis
Financial Highlights
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.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
17.02B
-9.64%
-14.29%
Gross Profit
17.02B
-9.64%
-14.29%
Operating Income
6.85B
103.11%
1.98%
Net Income
2.86B
228.82%
-11.80%
EPS
1.38
218.97%
-10.39%
Key Financial Ratios
Gross Profit Margin
Weak
1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Excellent
40.20%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Good
16.80%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
0.12%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.37%
Return on equity suggests inefficient capital allocation
Debt to Equity
High Risk
1.61
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
13.22x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
0.72x
Trading below book value, potential value opportunity or distressed
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