Citigroup Reports First Quarter 2014 Earnings Per Share of $1.23

Citigroup Reports First Quarter 2014 Earnings Per Share of $1.23; $1.30 Excluding CVA/DVA1 and Tax Item2

NET INCOME OF $3.9 BILLION; $4.1 BILLION EXCLUDING CVA/DVA AND TAX ITEM

REVENUES OF $20.1 BILLION

NET INTEREST MARGIN INCREASED TO 2.90%

NET CREDIT LOSSES OF $2.4 BILLION DECLINED 15% VERSUS PRIOR YEAR PERIOD

LOAN LOSS RESERVE RELEASE OF $673 MILLION VERSUS $650 MILLION IN PRIOR YEAR

REDUCED DEFERRED TAX ASSETS BY APPROXIMATELY $1.1 BILLION

ESTIMATED BASEL III TIER 1 COMMON RATIO OF 10.4%³
ESTIMATED BASEL III SUPPLEMENTARY LEVERAGE RATIO OF 5.6%⁴

BOOK VALUE PER SHARE INCREASED TO $66.25
TANGIBLE BOOK VALUE PER SHARE⁵ INCREASED TO $56.40

CITIGROUP DEPOSITS OF $966 BILLION GREW 3% VERSUS PRIOR YEAR PERIOD

CITICORP LOANS OF $575 BILLION GREW 7% VERSUS PRIOR YEAR PERIOD

CITI HOLDINGS ASSETS OF $114 BILLION DECLINED 23% FROM PRIOR YEAR PERIOD
AND REPRESENTED 6% OF TOTAL CITIGROUP ASSETS AT QUARTER END

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• Citi shares up 2.3% premarket after results -Tiger666- ♂ (1922 bytes) () 04/14/2014 postreply 05:09:14

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