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Citigroup (C) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Citigroup (C - Free Report) reported revenue of $17.44 billion, down 3.1% over the same period last year. EPS came in at $0.84, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $18.66 billion, representing a surprise of -6.55%. The company delivered an EPS surprise of +15.07%, with the consensus EPS estimate being $0.73.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Citigroup performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin (FTE): 2.5% versus the seven-analyst average estimate of 2.4%.
Efficiency Ratio: 91.7% versus 78.6% estimated by seven analysts on average.
Average balance - Total interest-earning assets: $2,230.30 billion versus the six-analyst average estimate of $2,189.98 billion.
Leverage Ratio: 5.8% versus 7% estimated by three analysts on average.
Total non-accrual loans: $3.20 billion versus the three-analyst average estimate of $3.35 billion.
Consumer non-accrual loans- Total: $1.32 billion versus $1.39 billion estimated by two analysts on average.
Tier 1 Capital Ratio: 15% versus the two-analyst average estimate of 14.8%.
Total Capital Ratio: 15.1% versus 15.9% estimated by two analysts on average.
Corporate non-accrual loans- Total: $1.88 billion versus $1.73 billion estimated by two analysts on average.
Net Interest Income: $13.82 billion versus the seven-analyst average estimate of $13.40 billion.
Total Non Interest Income: $3.62 billion versus the seven-analyst average estimate of $5.32 billion.
Administrative and other fiduciary fees: $925 million versus $883.21 million estimated by two analysts on average.
Shares of Citigroup have returned +3.7% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Citigroup (C) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Citigroup (C - Free Report) reported revenue of $17.44 billion, down 3.1% over the same period last year. EPS came in at $0.84, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $18.66 billion, representing a surprise of -6.55%. The company delivered an EPS surprise of +15.07%, with the consensus EPS estimate being $0.73.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Citigroup performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin (FTE): 2.5% versus the seven-analyst average estimate of 2.4%.
- Efficiency Ratio: 91.7% versus 78.6% estimated by seven analysts on average.
- Average balance - Total interest-earning assets: $2,230.30 billion versus the six-analyst average estimate of $2,189.98 billion.
- Leverage Ratio: 5.8% versus 7% estimated by three analysts on average.
- Total non-accrual loans: $3.20 billion versus the three-analyst average estimate of $3.35 billion.
- Consumer non-accrual loans- Total: $1.32 billion versus $1.39 billion estimated by two analysts on average.
- Tier 1 Capital Ratio: 15% versus the two-analyst average estimate of 14.8%.
- Total Capital Ratio: 15.1% versus 15.9% estimated by two analysts on average.
- Corporate non-accrual loans- Total: $1.88 billion versus $1.73 billion estimated by two analysts on average.
- Net Interest Income: $13.82 billion versus the seven-analyst average estimate of $13.40 billion.
- Total Non Interest Income: $3.62 billion versus the seven-analyst average estimate of $5.32 billion.
- Administrative and other fiduciary fees: $925 million versus $883.21 million estimated by two analysts on average.
View all Key Company Metrics for Citigroup here>>>Shares of Citigroup have returned +3.7% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.