U.S. bank Citigroup (C) has reported fourth quarter 2025 financial results that exceeded Wall Street’s expectations as the lender set aside less money to cover bad loans.
New York-based Citigroup announced earnings per share (EPS) of $1.81 U.S., which was ahead of the $1.67 U.S. consensus forecast of analysts.
Revenue in the October through December period totaled $21 billion U.S., which was slightly ahead of the $20.72 billion U.S. expected on Wall Street.
The bank said that its net income fell 13% from a year earlier due to a $1.1 billion U.S. after tax loss tied its plan to divest Citigroup’s Russian operations.
Under Chief Executive Officer (CEO) Jane Fraser, Citigroup is in the midst of a restructuring plan, selling off parts of its overseas operations and concentrating on the U.S. market.
Like other major U.S. lenders JPMorgan Chase (JPM) and Bank of America (BAC), Citigroup said it is benefitting from a booming stock market and deregulation.
However, Citigroup also said that its Q4 results got a lift as the bank was required to set aside less money during the quarter to cover potentially bad loans.
“We enter 2026 with visible momentum across the firm. The company is committed to reaching its returns target of at least 10% for 2026,” CEO Fraser said in the earnings release.
Citigroup’s stock has gained 58% over the last 12 months to trade at $116.30 U.S. per share.
