Citigroup (NYSE:C) Full Year 2024 Results

Key Financial Results

• Revenue: US$71.4b (flat on FY 2023).
• Net income: US$11.5b (up 46% from FY 2023).
• Profit margin: 16% (up from 11% in FY 2023).
• EPS: US$6.03 (up from US$4.07 in FY 2023).

C Banking Performance Indicators

• Net interest margin (NIM): 2.40% (down from 2.46% in FY 2023).
• Cost-to-income ratio: 66.5% (down from 71.8% in FY 2023).
• Non-performing loans: 0.39% (down from 0.46% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citigroup EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%.

The primary driver behind last 12 months revenue was the Markets segment contributing a total revenue of US$19.4b (27% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$42.0b (70% of total expenses). Explore how C's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in the US.

The company's shares are down 5.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Citigroup.

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