Citigroup Inc. reported net income of $3.75 billion for the third quarter of 2025, a 16% increase compared to $3.24 billion in the same period of 2024. Total revenues, net of interest expense, reached $22.09 billion, up 9% from $20.21 billion year-over-year. The company's performance was driven by growth in Services, Markets, Banking, and Wealth segments, while US Personal Banking (USPB) also contributed positively. At the end of the quarter, Citigroup's total assets stood at $2.64 trillion, a 9% increase from $2.43 trillion at September 30, 2024.

Compared to the previous fiscal period, Citigroup's return on average common stockholders’ equity increased from 6.2% to 7.1%, and return on tangible common equity (RoTCE) rose from 7.0% to 8.0%. The efficiency ratio, measuring total operating expenses as a percentage of total revenues, net, slightly decreased from 65.0% to 64.7%. The company's Common Equity Tier 1 (CET1) Capital ratio was 13.27% under the Basel III Standardized Approach, compared to 13.71% in the prior year. The supplementary leverage ratio was 5.52%, down from 5.85% in the previous year.

Strategic developments included the announced sale of 25% of Banamex’s outstanding common shares to a company wholly owned by Fernando Chico Pardo and members of his immediate family. Effective January 1, 2025, certain transaction processing fees paid by Citi, primarily to credit card networks, reported within USPB, Services, Wealth and All Other—Legacy Franchises (Mexico Consumer/SBMM and Asia Consumer), which were previously presented within Other operating expenses, are presented as contra-revenue within Commissions and fees reported in Non-interest revenue. Prior periods were conformed to reflect this change in presentation.

Key operational developments included an increase in average assets to $2.69 trillion, up 8% from $2.49 trillion year-over-year, and an increase in total deposits to $1.38 trillion, up 6% from $1.31 trillion. Direct staff decreased slightly to 227,000 from 229,000. Book value per common share increased 6% to $108.41 from $101.91, and tangible book value per share (TBVPS) increased 7% to $95.72 from $89.67. For the nine months ended September 30, 2025, Citigroup returned approximately $12.0 billion to common shareholders, including $8.75 billion in the form of share repurchases.

About CITIGROUP INC

Citigroup Inc. is a global diversified financial services holding company offering consumer banking, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. Serving consumers, corporations, governments, and institutions across nearly 160 countries, Citi operates through five segments: Services, Markets, Banking, Wealth, and U.S. Personal Banking. Its business model emphasizes integrated financial solutions, global reach, and tailored client services.

This description was generated via AI from an annual report. Updated 9 months ago.

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