• Eps ex-items $1.52 vs $1.39 exp

    • Net Income of $4.8 Billion

      • Return on Average Assets of 1.05% Excluding CVA/DVA
      • Citicorp Efficiency Ratio of 54%
      • Net Interest Margin of 2.92%
      • Utilized Approximately $1.2 Billion of Deferred Tax Assets
      • Common Equity Tier 1 Capital Ratio of 11.0%2
      • Supplementary Leverage Ratio of 6.4%3
      • Book Value per Share of $66.79
      • Tangible Book Value per Share of $57.664
      • Citi Holdings Assets of $122 billion Declined 19% from Prior Year Period and Represented 7% of Total Citigroup Assets at Quarter End
      Full report here

Michael Corbat, Chief Executive Officer of Citigroup, says

We had a strong quarter overall, particularly in executing against our top strategic priorities. While some businesses faced revenue headwinds, we grew loans and deposits in our core businesses and gained wallet share among our target clients. We tightly managed our expenses, helping to achieve positive operating leverage in Citicorp and we are on track to hit our financial targets for the year.
We were pleased that the Federal Reserve did not object to our capital plan so we can now begin meaningful capital return to our shareholders. We remain committed to building a safer and stronger institution and we will continue to make the necessary investments to ensure we have a sustainable capital planning process