WS Investor
14 Apr 2026, 19:30
Citigroup Inc. reported strong first-quarter 2026 results, with net income rising to $5.8 billion, or $3.06 per share, on revenues of $24.6 billion, compared to $4.1 billion, or $1.96 per share, on $21.6 billion revenue a year earlier.
The bank’s revenues increased 14% year-over-year, supported by growth across all five core business segments and legacy franchises, alongside favorable foreign exchange effects. Profit growth was driven by higher revenues and a lower effective tax rate, though partially offset by increased expenses and higher credit loss provisions.
Citigroup returned approximately $7.4 billion to shareholders through dividends and share buybacks, resulting in a payout ratio of 134%. The bank maintained a Common Equity Tier 1 (CET1) capital ratio of 12.7%, while book value per share reached $112.22 and tangible book value per share stood at $99.01.
Earnings per share growth was further supported by a reduced share count due to ongoing repurchase activity.
The bank’s revenues increased 14% year-over-year, supported by growth across all five core business segments and legacy franchises, alongside favorable foreign exchange effects. Profit growth was driven by higher revenues and a lower effective tax rate, though partially offset by increased expenses and higher credit loss provisions.
Citigroup returned approximately $7.4 billion to shareholders through dividends and share buybacks, resulting in a payout ratio of 134%. The bank maintained a Common Equity Tier 1 (CET1) capital ratio of 12.7%, while book value per share reached $112.22 and tangible book value per share stood at $99.01.
Earnings per share growth was further supported by a reduced share count due to ongoing repurchase activity.