Citigroup (NYSE:C) reported a mixed set of fourth-quarter results, with earnings exceeding expectations once a Russia-related charge is stripped out, while headline revenue came in below forecasts.
Citi shares rose about 0.6% in premarket trading. The stock gained 65.8% over the course of 2025.
For the three months ended December, the bank posted net income of $2.5 billion, or $1.19 per diluted share, on revenue of $19.9 billion. That compared with net income of $2.9 billion, or $1.34 per share, on revenue of $19.5 billion in the same period a year earlier.
The quarter included a $1.2 billion pre-tax loss on sale, or $1.1 billion after tax, related to Citigroup’s exit from Russia. The bank’s board approved the sale of its Russian subsidiary, AO Citibank, to Renaissance Capital last month, with the loss largely driven by currency translation effects.
Excluding the Russia-related item, earnings per share were $1.81, comfortably above the $1.70 consensus estimate.
Revenue, however, missed analyst expectations of $20.55 billion.
Citigroup said net income declined year on year mainly due to higher expenses, including income tax costs tied to the limited tax benefit associated with the Russia charge. These pressures were partly offset by higher underlying revenue and a lower provision for credit losses. On an adjusted basis excluding the Russia impact, net income totaled $3.6 billion.
Chief executive Jane Fraser said 2025 marked “a year of significant progress,” pointing to record revenues and positive operating leverage across all five of the bank’s businesses.
She also noted that Citigroup continues to trade at a discount to peers and highlighted $13 billion of share buybacks completed during 2025.