New York, January 12, 2024 Citigroup Inc. today reported net loss for the fourth
quarter 2023 of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4
billion. This compares to net income of $2.5 billion, or $1.16 per diluted share, on
revenues of $18.0 billion for the fourth quarter 2022.
As previously disclosed(5), fourth quarter results included several notable items
consisting of: expenses associated with the Federal Deposit Insurance Corporation
(FDIC) special assessment of approximately $1.7 billion pre-tax; a reserve build of
$1.3 billion associated with