For Immediate Release Citigroup Inc. (NYSE: C)
Citi Announces Completion of Annual Supervisory Stress Test Process and Lower Stress Capital Buffer Requirement
NEW YORK – Citi announced today that it has completed the Federal Reserve Board’s 2025 annual supervisory stress test process. Citi’s indicative Stress Capital Buffer (“SCB”) requirement is 3.6%, down from the current 4.1%, and Citi's preliminary Standardized Common Equity Tier 1 (CET1) capital ratio regulatory requirement will be 11.6%, down from the current 12.1%. As of March 31, 2025, Citi's Standardized CET1 capital ratio stood at 13.4%, which was 130 basis points above the regulatory requirement of 12.1%, and included a 100 basis point internal management buffer. The Federal Reserve Board will provide the Firm with its final SCB requirement later this quarter.
Citi’s planned capital actions include an increase of Citi's quarterly common stock dividend from $0.56 to $0.60 per share, subject to quarterly approval by Citi's Board of Directors, starting in the third quarter of 2025. As previously announced, Citi commenced a $20 billion multi-year share repurchase program in January 2025, of which $3.75 billion has been repurchased year-to-date.
Citi CEO Jane Fraser said: “Today’s results underscore the thoughtful and thorough approach we’ve taken as we have derisked the company by refocusing our business model and executing our Transformation while growing our earnings power. We’re resilient and maintain a strong capital position under even the most stressful of conditions. We are proud of this progress, and we are committed to serving our clients, meeting the expectations of our regulators and delivering value to our shareholders.”
A proposal from the Federal Reserve Board related to an averaging of the maximum CET1 capital decline from the current and prior year’s stress test results remains outstanding. If implemented as proposed, it would impact the SCB requirement applicable to bank holding companies subject to the rule and the effective date of that requirement.
Citi’s Current Report on Form 8-K regarding this announcement can be found here.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Citi’s final Stress Capital Buffer requirement and actual capital levels and capital actions (including common stock dividends and repurchases) may differ materially from those included in these statements due to a variety of factors. These factors include, among others: macroeconomic and other challenges and uncertainties; the potential outcomes of the extensive regulatory proceedings, examinations, consent orders and related compliance efforts and other inquiries to which Citi is or may be subject; ongoing regulatory uncertainties and changes, including changes in regulatory capital requirements, interpretations or rules; and the precautionary statements included in this release. These factors also consist of those contained in Citi's other filings with the U.S. Securities and Exchange Commission, including without limitation the "Risk Factors" section of Citi's 2024 Form 10-K. Any forward-looking statements made by or on behalf of Citi speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
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