HeadlinesBriefing favicon HeadlinesBriefing.com

Citigroup Q4 Profit Falls After Russia Exit

All News •
×

Citigroup reported mixed fourth-quarter results, posting net income of $2.5 billion, or $1.19 per share. Revenue reached $19.9 billion, up from $19.5 billion a year earlier. Shares rose roughly 0.6% in premarket trading following the announcement. The bank's stock gained 65.8% during 2025.

Results included a hefty $1.2 billion pre-tax loss from selling its Russian unit, AO Citibank, to Renaissance Capital. This charge stemmed largely from currency translation issues. Excluding that item, earnings per share hit $1.81, comfortably beating the $1.70 consensus estimate. However, revenue missed forecasts of $20.55 billion.

Net income declined from the prior year's $2.9 billion, driven by higher expenses, including tax costs linked to the Russia charge. CEO Jane Fraser called 2025 a year of progress with record revenues and positive operating leverage. The bank also executed $13 billion in share buybacks last year.