Citigroup Inc. among the top U.S. banks, increased net income by 25 per cent in the second quarter of 2025, much better than forecast, and raised revenue by 8 per cent.
The bank reported net income of $4.02 billion, or $1.96 per share, in the April-June period, up from $3.22 billion, or $1.52 per share, in the same period last year, according to a press release.
Analysts surveyed by FactSet on average had forecast earnings of $1.61 per share.
Revenue rose to $21.67 billion from $20.03 billion a year earlier.
The bank’s net interest income rose 12% to $2.95 billion last quarter. Noninterest income fell 9% to $725 million.
Loan loss charge-offs fell 2% to $2.23bn.
The services segment (custody and trading solutions for large clients, as well as securities transactions) increased revenue 8% to $5.06 billion.
Market segment revenues rose 16% to $5.88bn, with fixed income revenues jumping 20% to $4.27bn and equities revenues up 6% to $1.61bn.
Corporate and investment banking revenues rose 23% to $1.98bn, with asset management revenues up 20% to $2.17bn.
Revenues of the division working with retail clients in the U.S. increased by 6% to $5.12 billion. In particular, in the segment of bank cards, the figure increased by 11%.
The volume of loans issued by Citigroup at the end of June was $725bn, up 5% over the year. At the same time, the amount of deposits placed with the bank increased by 6% to $1.36 trillion.
The bank’s Common Equity Tier 1 capital ratio (CET1) stood at 13.5% at the end of the second quarter, up from 13.6% a year earlier.
Last quarter, Citi returned about $3.1bn to shareholders through share buybacks and dividends.
Citigroup’s stock price is up 0.6% in early trading on Tuesday. The bank’s market value has increased by 24.3% since the beginning of the year, to $163.4bn.