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- New York – Citigroup Inc. today reported net income for the fourth quarter 2022 of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion. This compares to net income of $3.2 billion, or $1.46 per diluted share, on revenues of $17.0 billion for the fourth quarter 2021.
www.citigroup.com/global/news/press-release/2023/fourth-quarter-and-full-year-2022-results-and-key-metrics
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Jan 13, 2023 · New York – Citigroup Inc. today reported net income for the fourth quarter 2022 of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion. This compares to net income of $3.2 billion, or $1.46 per diluted share, on revenues of $17.0 billion for the fourth quarter 2021.
• Net Income –Down 21% YoY, largely driven by the ACL build versus a release in the prior-year period • EPS –$1.16, $1.10 excluding divesture-related impacts (5)
Jan 13, 2023 · Please view Citi’ s fourth quarter and full year 2022 earnings press release on its website http://www.citigroup.com/citi/investor. Citigroup will host a conference call today at 11:00 AM.
Jan 13, 2023 · This resulted in net income of approximately $1.9 billion, down 18%, driven by higher cost of credit and higher expenses. ICG delivered a 7.9% ROTCE for the quarter.
Jan 12, 2023 · Operating expenses during the quarter came to $12.7 billion, rising 3% sequentially and 8% year over year. The bank will need to get that under control to surpass EPS and net interest income...
- Richard Saintvilus
Jan 13, 2023 · Citigroup Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 13,270 million compared to USD 10,819 million a year ago.
Citigroup net income of $2.5 billion in the fourth quarter 2022 decreased 21% from the prior-year period, primarily driven by the higher cost of credit, partially offset by the higher revenues and lower expenses.
