Citigroup tops estimates on stronger net interest income, smaller loan loss provision

January 14, 2026

TL;DR

Citigroup's adjusted earnings per share of $1.81 surpassed the expected $1.67.
Adjusted revenue reached $21.0 billion, exceeding the expected $20.72 billion.
Net income fell 13% to $2.47 billion due to a $1.1 billion after-tax loss from exiting Russian operations.
Excluding the Russia charge, profit was $3.6 billion or $1.81 per share.
Revenue, excluding the Russia charge, rose 8% to $21.0 billion.
Net interest income increased by 14% to $15.67 billion.
The bank's loan loss provision was $2.2 billion, approximately $330 million below expectations.
CEO Jane Fraser highlighted significant progress in 2025 with record revenues and positive operating leverage.
Citigroup aims for a return target of at least 10% for 2026.
The bank is undergoing restructuring and selling overseas operations.
Shares fell more than 4% in afternoon trading.

Continue reading the original article