Citigroup Reports 1Q25 Earnings of $4.1 Billion, EPS of $1.96

Citigroup announced first-quarter net income of $4.1 billion, or $1.96 per diluted share, up from $3.4 billion, or $1.58 per share, in 1Q24. Revenue rose 3% year-over-year to $21.6 billion, driven by growth across all five core business segments, partially offset by a decline in the "All Other" category.

The earnings growth was attributed to higher revenue and lower expenses, though partly offset by increased credit costs. The rise in EPS also reflected a reduction in the number of shares outstanding. Adjusting for divestitures, revenue growth remained at 3%.