Citibank is among the world’s largest financial institutions, with well over $1 trillion in assets. It offers more than 65,000 ATMs and has more than 600 branches. It offers a comprehensive selection of banking products, including various certificate of deposit accounts (CDs) and multiple checking and savings accounts. Obtaining competitive yields on savings accounts at Citi will depend on where you live and whether you’re eligible for its Citi Accelerate Savings account (customers within the bank's branch footprint are generally not eligible).
The following ratios and data are available to help you better understand the financial condition of Citibank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
| Citibank, National Association | U.S. Bank Average |
|---|---|
| 2.41% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Citibank, National Association had $4,410,000,000 in non-current loans and $18,000,000 in owned real estate. To cover these potential losses it had $166,899,000,000 in equity and $16,590,000,000 in loans loss reserves. That gives it a Texas Ratio of 2.41%.
| Citibank, National Association | U.S. Bank Average |
|---|---|
| 8.41% | 10.46% |
Citibank, National Association has a Return on Equity of 8.41% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
| Citibank, National Association | U.S. Bank Average |
|---|---|
| 9.94% | 10.84% |
Citibank, National Association has a Capitalization of 9.94% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
As of June 30, 2024, Citibank, National Association had assets of $1,678,936,000,000, loans of $638,427,000,000, and deposits of $1,304,678,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 232.93 billion |
| Interest-bearing balances | $ 208.26 billion |
| Total securities | $ 463.55 billion |
| Federal funds sold and reverse repurchase | $ 91.42 billion |
| Net loans and leases | $ 638.43 billion |
| Loan loss allowance | $ 16.59 billion |
| Trading account assets | $ 124.75 billion |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 18.00 million |
| Goodwill and other intangibles | $ 13.30 billion |
| All other assets | $ 94.65 billion |
| Total Assets | $ 1,512.04 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,304.68 billion |
| Interest-bearing deposits | $ 1,128.07 billion |
| Deposits held in domestic offices | $ 738.65 billion |
| % insured (estimated) | 19.62% |
| Federal funds purchased and repurchase agreements | $ 13.52 billion |
| Trading liabilities | $ 44.76 billion |
| Other borrowed funds | $ 48.53 billion |
| Subordinated debt | $ 10.50 billion |
| All other liabilities | $ 61.00 billion |
| Total Liabilities | $ 1,512.04 billion |
| Shareholders’ Equity | $ 166.90 billion |
| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 48.19 billion |
| Total Interest Expense | $ 25.77 billion |
| Net interest income | $ 22.42 billion |
| Provision for loan and lease losses | $ 4.38 billion |
| Total non interest income | $ 9.53 billion |
| Total non interest expense | $ 18.51 billion |
| Pre-tax Net Operating Income | $ 11.57 billion |
The top three loan types in Citibank, National Association’s loan portfolio are Commercial and Industrial Loans, Credit Card Loans, and 1-4 Family Residential Loans.
Compared to other banks in South Dakota, Citibank, National Association has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Credit Card Loans, Consumer Auto Loans, Small Business Loans, Construction and Development Loans, Commercial Real Estate, Commercial and Industrial Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 14.99 | ✓ | ||
| Multifamily Mortgages |
1.32 | ✓ | ||
| Credit Card Loans | 22.64 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.04 | ✓ | ||
| Construction and Development Loans | 1.13 | ✓ | ||
| Commercial Real Estate | 1.73 | ✓ | ||
| Commercial and Industrial Loans | 24.55 | ✓ | ||
| Farm Loans | 0.06 | ✓ | ||
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
The bank has backtracked on earlier commitments to reduce its funding of fossil fuel projects.
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Citibank, National Association Reviews
Azoic
February 25, 2022 |
I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account.
Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary.
Accelerate Savings was opened to park some cash with a decent rate (though not the highest).
Checking was added to have access to large amounts from Accelerated Savings.
It is difficult dealing with a bank that is not local. Calling customer service sometimes has a wait-time and many agents are unable to provide information when it is more complicated than the current balance. Some agents are much better.
There are limits to moving money from the Accelerate account.
• Online transfer limit $10,000/day; $15,000/30 days
• ATM (Target, and many others) $1,500/day, unlimited days
Easy way around it: transfer funds to checking and write a check for as much as you want.
Banks insured by the FDIC are a commodity. Money goes in; earns some interest; money goes out. They are differentiated by interest rate, easy of money movement, and accessibility of information. Citi is medium – 3-stars. My local bank is also 3-stars – lower interest rate, but better services.
I prefer dealing person-to-person, but 435 miles to the closest Citi branch is a bit too far.
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