Citigroup posted fourth-quarter results that topped expectations as the lender reaped more interest income and set aside less money for troubled loans than analysts had expected.

Here’s what the company reported:

Adjusted earnings: $1.81 per share vs. $1.67 expected, according to LSEG

Adjusted revenue: $21.0 billion vs. $20.72 billion expected

Citigroup said net income fell 13% from the year-earlier period to $2.47 billion, or $1.19 per share, because of a $1.1 billion after-tax loss tied its plan to divest Citigroup’s Russian operations.

Excluding the charge, profit was $3.6 billion, or $1.81 per share.

Revenue excluding the Russia-related charge rose 8% to $21.0 billion on increases in banking, wealth and institutional services results.

Net interest income, which is the difference in what a bank earns on loans and investments and what it pays depositors, rose 14% to $15.67 billion, or roughly $815 million more than the StreetAccount estimate.

The bank’s loan loss provision in the quarter was $2.2 billion, about $330 million below expectations.

“With record revenues and positive operating leverage for each of our five businesses, 2025 was a year of significant progress as we demonstrated that the investments we are making are driving strong top-line growth,” CEO Jane Fraser said in the earnings release.

“We enter 2026 with visible momentum across the firm,” Fraser said.

The company is “committed” to reaching its returns target of at least 10% for 2026 and positioning the bank for “improved returns above that level in the years ahead,” she added.