EX-99.2 3 a12-24020_1ex99d2.htm EX-99.2

Exhibit 99.2

 

 

GRAPHIC

 

 

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

3Q12

 

 

Page Number

Citigroup Consolidated

 

Financial Summary

1

Consolidated Statement of Income

2

Consolidated Balance Sheet

3

Segment Detail

 

Net Revenues

4

Income

5

 

 

Citicorp

 

Income Statement and Balance Sheet Data

6

Global Consumer Banking

7 - 8

North America

9 - 11

EMEA

12 - 13

Latin America

14 - 15

Asia

16 - 17

Institutional Clients Group (ICG)

18

Securities and Banking

19

Transaction Services

20

 

 

Regional Totals

 

North America

21

EMEA

22

Latin America

23

Asia

24

 

 

Citi Holdings

 

Income Statement and Balance Sheet Data

25

Brokerage and Asset Management

26

Local Consumer Lending

27 - 29

Special Asset Pool

30

 

 

Corporate / Other

31

Citigroup Supplemental Detail

 

Average Balances and Interest Rates

32

Deposits

33

Loans

 

Citicorp

34

Citi Holdings / Total Citigroup

35

Consumer Loan Delinquency Amounts and Ratios

 

90+ Days

36

30-89 Days

37

Allowance for Credit Losses

 

Total Citigroup

38

Consumer and Corporate

39 - 40

Components of Provision for Loan Losses

 

Citicorp

41

Citi Holdings / Total Citigroup

42

Non-Accrual Assets

 

Total Citigroup

43

Citicorp

44

Citi Holdings

45

 

 

Reconciliation of Non-GAAP Financial Measures

46

 



 

CITIGROUP — FINANCIAL SUMMARY
(In millions of dollars, except per share amounts, and as otherwise noted)

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q12 Increase

 

Nine

 

Nine

 

YTD 2012 vs.

 

 

 

3Q

 

4Q

 

1Q

 

2Q

 

3Q

 

(Decrease) from

 

Months

 

Months

 

YTD 2011 Increase/

 

 

 

2011

 

2011

 

2012

 

2012

 

2012

 

2Q12

 

3Q11

 

2011

 

2012

 

(Decrease)

 

Total Revenues, Net of Interest Expense

 

$

20,831

 

$

17,174

 

$

19,406

 

$

18,642

 

$

13,951

 

(25

)%

(33

)%

$

61,179

 

$

51,999

 

(15

)%

Total Operating Expenses

 

12,460

 

13,211

 

12,319

 

12,134

 

12,220

 

1

%

(2

)%

37,722

 

36,673

 

(3

)%

Net Credit Losses

 

4,514

 

4,108

 

3,955

 

3,576

 

3,979

 

11

%

(12

)%

15,930

 

11,510

 

(28

)%

Credit Reserve Build / (Release)

 

(1,465

)

(1,464

)

(1,127

)

(991

)

(1,468

)

(48

)%

 

(6,801

)

(3,586

)

47

%

Provision for Unfunded Lending Commitments

 

43

 

(4

)

(38

)

7

 

(41

)

NM

 

NM

 

55

 

(72

)

NM

 

Provision for Benefits & Claims

 

259

 

234

 

229

 

214

 

225

 

5

%

(13

)%

738

 

668

 

(9

)%

Provision for Credit Losses and for Benefits and Claims

 

3,351

 

2,874

 

3,019

 

2,806

 

2,695

 

(4

)%

(20

)%

9,922

 

8,520

 

(14

)%

Income from Continuing Operations before Income Taxes

 

5,020

 

1,089

 

4,068

 

3,702

 

(964

)

NM

 

NM

 

13,535

 

6,806

 

(50

)%

Income Taxes (benefits)

 

1,278

 

91

 

1,006

 

715

 

(1,488

)

NM

 

NM

 

3,430

 

233

 

(93

)%

Income from Continuing Operations

 

$

3,742

 

$

998

 

$

3,062

 

$

2,987

 

$

524

 

(82

)%

(86

)%

$

10,105

 

$

6,573

 

(35

)%

Income (Loss) from Discontinued Operations, net of Taxes

 

1

 

 

(5

)

(1

)

(31

)

NM

 

NM

 

112

 

(37

)

NM

 

Net Income before Attribution of Noncontrolling Interests

 

3,743

 

998

 

3,057

 

2,986

 

493

 

(83

)%

(87

)%

10,217

 

6,536

 

(36

)%

Net Income Attributable to Noncontrolling Interests

 

(28

)

42

 

126

 

40

 

25

 

(38

)%

NM

 

106

 

191

 

80

%

Citigroup’s Net Income

 

$

3,771

 

$

956

 

$

2,931

 

$

2,946

 

$

468

 

(84

)%

(88

)%

$

10,111

 

$

6,345

 

(37

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

1.23

 

$

0.31

 

$

0.96

 

$

0.95

 

$

0.16

 

(83

)%

(87

)%

$

3.28

 

$

2.07

 

(37

)%

Citigroup’s Net Income

 

$

1.23

 

$

0.31

 

$

0.95

 

$

0.95

 

$

0.15

 

(84

)%

(88

)%

$

3.32

 

$

2.06

 

(38

)%

Shares (in millions) (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Basic

 

2,910.8

 

2,915.2

 

2,926.2

 

2,926.6

 

2,926.8

 

 

1

%

2,907.9

 

2,926.5

 

1

%

Average Diluted

 

2,998.6

 

3,003.0

 

3,014.5

 

3,015.0

 

3,015.3

 

 

1

%

2,997.4

 

3,014.9

 

1

%

Common Shares Outstanding, at period end

 

2,923.7

 

2,923.9

 

2,932.2

 

2,932.5

 

2,932.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Dividends - Basic

 

$

4

 

$

9

 

$

4

 

$

9

 

$

4

 

 

 

 

 

$

17

 

$

17

 

 

 

Preferred Dividends - Diluted

 

$

4

 

$

9

 

$

4

 

$

9

 

$

4

 

 

 

 

 

$

17

 

$

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Allocated to Unrestricted Common Shareholders - Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

3,696

 

$

930

 

$

2,878

 

$

2,869

 

$

474

 

(83

)%

(87

)%

$

9,819

 

$

6,217

 

(37

)%

Citigroup’s Net Income

 

$

3,697

 

$

930

 

$

2,873

 

$

2,868

 

$

453

 

(84

)%

(88

)%

$

9,930

 

$

6,190

 

(38

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Allocated to Unrestricted Common Shareholders - Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

3,702

 

$

933

 

$

2,882

 

$

2,873

 

$

475

 

(83

)%

(87

)%

$

9,832

 

$

6,226

 

(37

)%

Citigroup’s Net Income

 

$

3,703

 

$

933

 

$

2,877

 

$

2,872

 

$

455

 

(84

)%

(88

)%

$

9,942

 

$

6,200

 

(38

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Ratios:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Common Ratio

 

11.71

%

11.80

%

12.50

%

12.71

%

12.7

%*

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital Ratio

 

13.45

%

13.55

%

14.26

%

14.46

%

13.9

%*

 

 

 

 

 

 

 

 

 

 

Total Capital Ratio

 

16.89

%

16.99

%

17.64

%

17.70

%

17.1

%*

 

 

 

 

 

 

 

 

 

 

Leverage Ratio

 

7.01

%

7.19

%

7.55

%

7.66

%

7.4

%*

 

 

 

 

 

 

 

 

 

 

Return on Average Common Equity

 

8.4

%

2.1

%

6.5

%

6.5

%

1.0

%*

 

 

 

 

 

 

 

 

 

 

Balance Sheet Data, EOP (in billions of dollars, except Book Value per Share):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

1,936.0

 

$

1,873.9

 

$

1,944.4

 

$

1,916.5

*

$

1,931.3

 

1

%

 

 

 

 

 

 

 

Total Deposits

 

851.3

 

865.9

 

906.0

 

914.3

*

944.6

 

3

%

11

%

 

 

 

 

 

 

Citigroup’s Stockholders’ Equity

 

177.4

 

177.8

 

181.8

 

183.9

*

186.8

 

2

%

5

%

 

 

 

 

 

 

Citigroup Equity and Trust Preferred Securities (included in LT Debt)

 

193.5

 

193.9

 

197.9

 

199.9

*

197.3

 

(1

)%

2

%

 

 

 

 

 

 

Book Value Per Share (1)

 

$

60.56

 

$

60.70

 

$

61.90

 

$

62.61

*

$

63.59

 

2

%

5

%

 

 

 

 

 

 

Tangible Book Value Per Share (1) 

 

$

49.50

 

$

49.74

 

$

50.90

 

$

51.81

*

$

52.70

 

2

%

6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct Staff (in thousands)

 

267

 

266

 

263

 

261

 

262

 

 

(2

)%

 

 

 

 

 

 

 


(1)          Tangible book value per share is a non-GAAP financial measure.  See page 46 for a reconciliation of this measure to its most comparable GAAP measure.

 

Note:  Ratios and returns are calculated based on the displayed numbers.

NM  Not meaningful

*                 Preliminary

Reclassified to conform to the current period’s presentation.

 

1



 

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

GRAPHIC

 

 

 

 

 

3Q12 Increase

 

Nine

 

Nine

 

YTD 2012 vs.

 

 

 

3Q

 

4Q

 

1Q

 

2Q

 

3Q

 

(Decrease) from

 

Months

 

Months

 

YTD 2011 Increase/

 

 

 

2011

 

2011

 

2012

 

2012

 

2012

 

2Q12

 

3Q11

 

2011

 

2012

 

(Decrease)

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest revenue

 

$

18,145

 

$

17,795

 

$

17,537

 

$

17,034

 

$

16,934

 

(1

)%

(7

)%

$

54,886

 

$

51,505

 

(6

)%

Interest expense

 

6,031

 

5,712

 

5,590

 

5,441

 

5,021

 

(8

)%

(17

)%

18,522

 

16,052

 

(13

)%

Net interest revenue

 

12,114

 

12,083

 

11,947

 

11,593

 

11,913

 

3

%

(2

)%

36,364

 

35,453

 

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions and fees

 

3,043

 

2,882

 

3,138

 

3,079

 

3,304

 

7

%

9

%

9,968

 

9,521

 

(4

)%

Principal transactions

 

2,103

 

(652

)

1,931

 

1,640

 

976

 

(40

)%

(54

)%

7,886

 

4,547

 

(42

)%

Administrative and other fiduciary fees

 

945

 

885

 

981

 

1,037

 

974

 

(6

)%

3

%

3,110

 

2,992

 

(4

)%

Realized gains (losses) on investments

 

765

 

69

 

1,925

 

273

 

615

 

NM

 

(20

)%

1,928

 

2,813

 

46

%

Other-than temporary impairment losses on investments and other assets (1) 

 

(146

)

(230

)

(1,305

)

(128

)

(3,470

)

NM

 

NM

 

(2,024

)

(4,903

)

NM

 

Insurance premiums

 

658

 

633

 

635

 

621

 

616

 

(1

)%

(6

)%

2,014

 

1,872

 

(7

)%

Other revenue (2)

 

1,349

 

1,504

 

154

 

527

 

(977

)

NM

 

NM

 

1,933

 

(296

)

NM

 

Total non-interest revenues

 

8,717

 

5,091

 

7,459

 

7,049

 

2,038

 

(71

)%

(77

)%

24,815

 

16,546

 

(33

)%

Total revenues, net of interest expense

 

20,831

 

17,174

 

19,406

 

18,642

 

13,951

 

(25

)%

(33

)%

61,179

 

51,999

 

(15

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provisions for Credit Losses and for Benefits and Claims

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net credit losses

 

4,514

 

4,108

 

3,955

 

3,576

 

3,979

 

11

%

(12

)%

15,930

 

11,510

 

(28

)%

Credit reserve build / (release)

 

(1,465

)

(1,464

)

(1,127

)

(991

)

(1,468

)

(48

)%

 

(6,801

)

(3,586

)

47

%

Provision for loan losses

 

3,049

 

2,644

 

2,828

 

2,585

 

2,511

 

(3

)%

(18

)%

9,129

 

7,924

 

(13

)%

Policyholder benefits and claims

 

259

 

234

 

229

 

214

 

225

 

5

%

(13

)%

738

 

668

 

(9

)%

Provision for unfunded lending commitments

 

43

 

(4

)

(38

)

7

 

(41

)

NM

 

NM

 

55

 

(72

)

NM

 

Total provisions for credit losses and for benefits and claims

 

3,351

 

2,874

 

3,019

 

2,806

 

2,695

 

(4

)%

(20

)%

9,922

 

8,520

 

(14

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

6,223

 

6,387

 

6,385

 

6,127

 

6,132

 

 

(1

)%

19,301

 

18,644

 

(3

)%

Premises and Equipment

 

860

 

809

 

799

 

806

 

846

 

5

%

(2

)%

2,517

 

2,451

 

(3

)%

Technology / communication expense

 

1,306

 

1,338

 

1,382

 

1,481

 

1,465

 

(1

)%

12

%

3,795

 

4,328

 

14

%

Advertising and marketing expense

 

635

 

687

 

503

 

591

 

605

 

2

%

(5

)%

1,659

 

1,699

 

2

%

Other operating

 

3,436

 

3,990

 

3,250

 

3,129

 

3,172

 

1

%

(8

)%

10,450

 

9,551

 

(9

)%

Total operating expenses

 

12,460

 

13,211

 

12,319

 

12,134

 

12,220

 

1

%

(2

)%

37,722

 

36,673

 

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations before

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Taxes

 

5,020

 

1,089

 

4,068

 

3,702

 

(964

)

NM

 

NM

 

13,535

 

6,806

 

(50

)%

Provision (benefits) for income taxes

 

1,278

 

91

 

1,006

 

715

 

(1,488

)

NM

 

NM

 

3,430

 

233

 

(93

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

3,742

 

998

 

3,062

 

2,987

 

524

 

(82

)%

(86

)%

10,105

 

6,573

 

(35

)%

Discontinued Operations (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Discontinued Operations

 

(5

)

(15

)

(3

)

 

(46

)

 

 

 

 

38

 

(49

)

 

 

Gain (Loss) on Sale

 

16

 

9

 

(1

)

 

 

 

 

 

 

146

 

(1

)

 

 

Provision (benefits) for income taxes

 

10

 

(6

)

1

 

1

 

(15

)

 

 

 

 

72

 

(13

)

 

 

Income (Loss) from Discontinued Operations, net of taxes

 

1

 

 

(5

)

(1

)

(31

)

NM

 

NM

 

112

 

(37

)

NM

 

Net Income before attribution of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling Interests

 

3,743

 

998

 

3,057

 

2,986

 

493

 

(83

)%

(87

)%

10,217

 

6,536

 

(36

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income attributable to noncontrolling interests

 

(28

)

42

 

126

 

40

 

25

 

(38

)%

NM

 

106

 

191

 

80

%

Citigroup’s Net Income

 

$

3,771

 

$

956

 

$

2,931

 

$

2,946

 

$

468

 

(84

)%

(88

)%

$

10,111

 

$

6,345

 

(37

)%

 


(1)     First quarter of 2012 includes the recognition of a $1,181 million impairment charge related to the carrying value of Citi’s investment in Akbank T.A.S.  Third quarter of 2012 includes the recognition of a $3,340 million impairment charge related to the carrying value of Citi’s remaining 35% investment in the Morgan Stanley Smith Barney joint venture (MSSB JV).

 

(2)     Third quarter of 2012 includes a non-cash charge of $1,344 million, representing a loss on Citi’s sale of the 14% Interest in the MSSB JV to Morgan Stanley.

 

(3)     Discontinued operations primarily includes:

a)      During the third quarter of 2012, Citi executed definitive agreements to transition a carve-out of its liquid strategies business within Citi Capital Advisors to certain employees responsible for managing those operations.

b)      The sale of the Egg Credit Card business.

 

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

2



 

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q12 Increase

 

 

 

September 30,

 

December 31,

 

March 31,

 

June 30,

 

September 30,

 

(Decrease) from

 

 

 

2011

 

2011

 

2012

 

2012

 

2012 (1)

 

2Q12

 

4Q11

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks (including segregated cash and other deposits)

 

$

28,950

 

$

28,701

 

$

26,505

 

$

33,927

 

$

33,802

 

 

18

%

Deposits with banks

 

159,338

 

155,784

 

183,949

 

155,054

 

170,028

 

10

%

9

%

Fed funds sold and securities borr’d or purch under agree. to resell

 

290,645

 

275,849

 

289,057

 

272,664

 

277,542

 

2

%

1

%

Brokerage receivables

 

37,992

 

27,777

 

39,443

 

35,340

 

31,077

 

(12

)%

12

%

Trading account assets

 

320,637

 

291,734

 

307,050

 

310,246

 

315,201

 

2

%

8

%

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale and non-marketable equity securities

 

273,791

 

281,930

 

287,197

 

294,577

 

284,531

 

(3

)%

1

%

Held-to-maturity

 

12,866

 

11,483

 

10,126

 

11,349

 

10,943

 

(4

)%

(5

)%

Total Investments

 

286,657

 

293,413

 

297,323

 

305,926

 

295,474

 

(3

)%

1

%

Loans, net of unearned income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

424,212

 

423,340

 

416,103

 

409,127

 

407,752

 

 

(4

)%

Corporate

 

213,027

 

223,902

 

231,919

 

245,841

 

250,671

 

2

%

12

%

Loans, net of unearned income

 

637,239

 

647,242

 

648,022

 

654,968

 

658,423

 

1

%

2

%

Allowance for loan losses

 

(32,052

)

(30,115

)

(29,020

)

(27,611

)

(25,916

)

6

%

14

%

Total loans, net

 

605,187

 

617,127

 

619,002

 

627,357

 

632,507

 

1

%

2

%

Goodwill

 

25,496

 

25,413

 

25,810

 

25,483

 

25,932

 

2

%

2

%

Intangible assets (other than MSRs)

 

6,800

 

6,600

 

6,413

 

6,156

 

5,963

 

(3

)%

(10

)%

Mortgage servicing rights (MSRs)

 

2,852

 

2,569

 

2,691

 

2,117

 

1,920

 

(9

)%

(25

)%

Other assets

 

171,438

 

148,911

 

147,180

 

142,181

 

141,873

 

 

(5

)%

Assets related to discontinued operations held for sale

 

 

 

 

 

27

 

 

 

Total assets

 

$

1,935,992

 

$

1,873,878

 

$

1,944,423

 

$

1,916,451

 

$

1,931,346

 

1

%

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest-bearing deposits in U.S. offices

 

$

103,129

 

$

119,437

 

$

122,305

 

$

120,324

 

$

133,981

 

11

%

12

%

Interest-bearing deposits in U.S. offices

 

218,595

 

223,851

 

228,357

 

233,696

 

239,574

 

3

%

7

%

Total U.S. Deposits

 

321,724

 

343,288

 

350,662

 

354,020

 

373,555

 

6

%

9

%

Non-interest-bearing deposits in offices outside the U.S.

 

58,564

 

57,357

 

60,691

 

59,745

 

63,792

 

7

%

11

%

Interest-bearing deposits in offices outside the U.S.

 

470,993

 

465,291

 

494,659

 

500,543

 

507,297

 

1

%

9

%

Total International Deposits

 

529,557

 

522,648

 

555,350

 

560,288

 

571,089

 

2

%

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deposits

 

851,281

 

865,936

 

906,012

 

914,308

 

944,644

 

3

%

9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fed funds purch and securities loaned or sold under agree. to repurch.

 

223,612

 

198,373

 

226,008

 

214,851

 

224,370

 

4

%

13

%

Brokerage payables

 

56,093

 

56,696

 

56,966

 

59,133

 

55,376

 

(6

)%

(2

)%

Trading account liabilities

 

148,851

 

126,082

 

135,956

 

128,818

 

129,990

 

1

%

3

%

Short-term borrowings

 

65,818

 

54,441

 

55,611

 

58,698

 

49,164

 

(16

)%

(10

)%

Long-term debt

 

333,824

 

323,505

 

311,079

 

288,334

 

271,862

 

(6

)%

(16

)%

Other liabilities (2)

 

77,171

 

69,272

 

69,068

 

66,470

 

67,202

 

1

%

(3

)%

Liabilities related to discontinued operations held for sale

 

 

 

 

 

 

 

 

Total liabilities

 

$

1,756,650

 

$

1,694,305

 

$

1,760,700

 

$

1,730,612

 

$

1,742,608

 

1

%

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Stock

 

$

312

 

$

312

 

$

312

 

$

312

 

$

312

 

 

 

Common Stock

 

29

 

29

 

29

 

29

 

29

 

 

 

Additional paid-in capital

 

105,562

 

105,804

 

105,787

 

105,962

 

106,203

 

 

 

Retained earnings

 

89,602

 

90,520

 

93,310

 

96,216

 

96,650

 

 

7

%

Treasury stock

 

(1,089

)

(1,071

)

(883

)

(859

)

(851

)

1

%

21

%

Accumulated other comprehensive income (loss)

 

(17,044

)

(17,788

)

(16,735

)

(17,749

)

(15,566

)

12

%

12

%

Total Common Equity

 

$

177,060

 

$

177,494

 

$

181,508

 

$

183,599

 

$

186,465

 

2

%

5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citigroup stockholders’ equity

 

$

177,372

 

$

177,806

 

$

181,820

 

$

183,911

 

$

186,777

 

2

%

5

%

Noncontrolling interests

 

1,970

 

1,767

 

1,903

 

1,928

 

1,961

 

2

%

11

%

Total equity

 

179,342

 

179,573

 

183,723

 

185,839

 

188,738

 

2

%

5

%

Total liabilities and equity

 

$

1,935,992

 

$

1,873,878

 

$

1,944,423

 

$

1,916,451

 

$

1,931,346

 

1

%

3

%

 


(1)              Preliminary

 

(2)              Includes allowance for credit losses for letters of credit and unfunded lending commitments of $1,139 million for the third quarter of 2011, $1,136 million for the fourth quarter of 2011, $1,097 million for the first quarter of 2012, $1,104 million for the second quarter of 2012 and $1,063 million for the third quarter of 2012, respectively.

 

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

 

3



 

CITIGROUP
SEGMENT DETAIL
NET REVENUE
(In millions of dollars)

GRAPHIC

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q12 Increase

 

Nine

 

Nine

 

YTD 2012 vs.

 

 

 

3Q

 

4Q

 

1Q

 

2Q

 

3Q

 

(Decrease) from

 

Months

 

Months

 

YTD 2011 Increase/

 

 

 

2011

 

2011

 

2012

 

2012

 

2012

 

2Q12

 

3Q11

 

2011

 

2012

 

(Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITICORP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Consumer Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

5,100

 

$

5,167

 

$

5,198

 

$

5,135

 

$

5,402

 

5

%

6

%

$

14,992

 

$

15,735

 

5

%

EMEA

 

379

 

348

 

378

 

366

 

381

 

4

%

1

%

1,210

 

1,125

 

(7

)%

Latin America

 

2,417

 

2,350

 

2,441

 

2,322

 

2,419

 

4

%

 

7,119

 

7,182

 

1

%

Asia

 

2,067

 

2,020

 

1,997

 

1,948

 

1,978

 

2

%

(4

)%

5,989

 

5,923

 

(1

)%

Total

 

9,963

 

9,885

 

10,014

 

9,771

 

10,180

 

4

%

2

%

29,310

 

29,965

 

2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities and Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

2,445

 

660

 

1,348

 

1,926

 

1,439

 

(25

)%

(41

)%

6,898

 

4,713

 

(32

)%

EMEA

 

2,299

 

1,219

 

1,954

 

1,609

 

1,511

 

(6

)%

(34

)%

6,002

 

5,074

 

(15

)%

Latin America

 

521

 

579

 

755

 

757

 

802

 

6

%

54

%

1,791

 

2,314

 

29

%

Asia

 

1,460

 

736

 

1,218

 

1,113

 

1,018

 

(9

)%

(30

)%

3,538

 

3,349

 

(5

)%

Total

 

6,725

 

3,194

 

5,275

 

5,405

 

4,770

 

(12

)%

(29

)%

18,229

 

15,450

 

(15

)%

Transaction Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

620

 

605

 

641

 

665

 

623

 

(6

)%

 

1,839

 

1,929

 

5

%

EMEA

 

893

 

858

 

894

 

930

 

867

 

(7

)%

(3

)%

2,628

 

2,691

 

2

%

Latin America

 

444

 

413

 

451

 

455

 

447

 

(2

)%

1

%

1,300

 

1,353

 

4

%

Asia

 

759

 

748

 

757

 

757

 

721

 

(5

)%

(5

)%

2,188

 

2,235

 

2

%

Total

 

2,716

 

2,624

 

2,743

 

2,807

 

2,658

 

(5

)%

(2

)%

7,955

 

8,208

 

3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citicorp

 

19,404

 

15,703

 

18,032

 

17,983

 

17,608

 

(2

)%

(9

)%

55,494

 

53,623

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate / Other

 

300

 

383

 

500

 

(265

)

33

 

NM

 

(89

)%

502

 

268

 

(47

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Citicorp & Corp / Other

 

19,704

 

16,086

 

18,532

 

17,718

 

17,641

 

 

(10

)%

55,996

 

53,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITI HOLDINGS