Citigroup (C) earnings Q4 2025

Citigroup Posts Strong Q4 Results, Exceeding Expectations

Citigroup has released its fourth-quarter results, surpassing analyst expectations due to increased interest income and lower provisions for troubled loans. The bank’s adjusted earnings per share came in at $1.81, beating the expected $1.67, while adjusted revenue reached $21.0 billion, exceeding the anticipated $20.72 billion.

The lender’s net income fell 13% from the year-earlier period to $2.47 billion, or $1.19 per share, primarily due to a $1.1 billion after-tax loss related to its plan to divest its Russian operations. However, excluding this charge, the bank’s profit was $3.6 billion, or $1.81 per share, demonstrating a strong performance.

Key Highlights from Citigroup’s Q4 Results

The bank’s revenue, excluding the Russia-related charge, rose 8% to $21.0 billion, driven by increases in banking, wealth, and institutional services results. Net interest income, which is the difference between what a bank earns on loans and investments and what it pays depositors, increased 14% to $15.67 billion, surpassing the StreetAccount estimate by roughly $815 million.

Citigroup’s loan loss provision for the quarter was $2.2 billion, about $330 million below expectations. This lower-than-expected provision, also seen in rival firms like Bank of America, may indicate optimism about the economy and borrowers’ ability to repay their debts.

CEO Jane Fraser’s Outlook and Restructuring Efforts

CEO Jane Fraser expressed satisfaction with the bank’s performance, stating that 2025 was a year of significant progress, with record revenues and positive operating leverage across all five businesses. She added that the bank enters 2026 with visible momentum and is committed to reaching its returns target of at least 10% for the year.

Under Fraser’s leadership, Citigroup is undergoing a restructuring, selling off parts of its overseas operations while benefiting from U.S. banking deregulation. This has led Wells Fargo banking analyst Mike Mayo to call Citigroup his top pick among bank stocks.

As the banking sector continues to release its Q4 results, with JPMorgan Chase, Bank of America, and Wells Fargo also reporting on Wednesday, analysts will be watching closely to see if the momentum from last year carries over into 2026. Goldman Sachs and Morgan Stanley are scheduled to release their results on Thursday.