**Citigroup Reports Second Quarter 2025 Financial Results**

Citigroup Inc. has released its financial results for the second quarter of 2025, revealing a net income of $4.019 billion, a 25% increase compared to the $3.217 billion reported in the same period of 2024. The company's total assets reached $2.623 trillion, a 9% increase from $2.406 trillion in the prior year. Total deposits also saw a rise, reaching $1.358 trillion, up 6% from $1.278 trillion in 2024. The return on average assets was 0.61%, compared to 0.53% in the second quarter of 2024, while the return on tangible common equity (RoTCE) was 8.7%, up from 7.2% in the previous year.

The company's performance metrics showed positive operating leverage of 567 basis points, compared to 524 basis points in the second quarter of 2024. The efficiency ratio, calculated as total operating expenses divided by total revenues, net, was 62.7%, a decrease from 66.1% in the prior year. Citigroup's Basel III ratios remained strong, with a CET1 Capital ratio of 13.48% and a Tier 1 Capital ratio of 14.98%. The supplementary leverage ratio was 5.53%. Book value per common share increased by 7% to $106.94, while tangible book value per share (TBVPS) rose by 8% to $94.16.

Segment revenues showed growth across several areas. Services revenues increased by 8% to $5.062 billion, while Markets revenues rose by 16% to $5.879 billion. Banking revenues also saw an increase of 18% to $1.921 billion, and Wealth revenues grew by 20% to $2.166 billion. USPB revenues increased by 6% to $5.119 billion. However, All Other revenues decreased by 14% to $1.698 billion. In terms of income from continuing operations, Services reported $1.448 billion, Markets $1.749 billion, Banking $461 million, Wealth $494 million, and USPB $649 million. All Other reported a loss of $588 million.

Citigroup returned $3.1 billion of capital to common shareholders during the second quarter of 2025, including $2.0 billion in share repurchases and $1.1 billion in dividends. The company declared common dividends of $0.56 per share for the second quarter of 2025 and plans to maintain a quarterly common dividend of $0.60 per share, subject to financial and macroeconomic conditions and Board approval. For the third quarter of 2025, Citigroup is targeting common share repurchases of at least $4 billion, subject to market conditions and other factors.

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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