Citigroup Reports Fourth Quarter 2011 Net Income of $1.2 Billion or $0.38 per Share1, Compared to $1.3 Billion or $0.43 in Fourth Quarter 2010
Fourth quarter revenues of $17.2 billion down 7% from the prior year period
Fourth quarter net credit losses declined 40% from the prior year period to $4.1 billion
Full year 2011 net income of $11.3 billion up 6% from $10.6 billion in 2010
Full year 2011 revenues of $78.4 billion compared to $86.6 billion in 2010 driven by $6.4 billion decline in citi holdings revenues
Citicorp loans of $465.4 billion grew 14% versus prior year
Citi holdings loans of $181.8 billion declined 25% versus prior year
Full year 2011 net credit losses of $20.0 billion compared to $30.9 billion in 2010
Loan loss reserve release of $1.5 billion in fourth quarter, down 35% from the prior year period
Tier 1 Common of $115.1 billion, Tier 1 Common ratio increased to 11.8%
Year-over-year, book value per share2 up 8% to $60.78, tangible book value per share up 12% to $49.81