Citibank DVA

Hi I want the Citigroup Reports Fourth Quarter 2015 Earnings per Share Excluding CVA/DVA1 so can you please help me in the same???

[Rajkumar Agarwal]

Well Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions

A Debt Valuation Adjustment (DVA) is an accounting valuation technique related to how a company handles changes in its issued fixed income securities.

According to FASB 159 (adopted in 2007), firms can recognize market value declines in some debt instruments as earnings (income).

Citigroup Reports Fourth Quarter 2015 Earnings per Share of $1.02; $1.06 Excluding CVA/DVA1

Net Income of $3.3 Billion; $3.4 Billion Excluding CVA/DVA

Revenues of $18.5 Billion; $18.6 Billion Excluding CVA/DVA

Net Interest Margin of 2.92%

Returned $1.8 Billion of Capital to Common Shareholders; Repurchased 31 Million Common Shares

Common Equity Tier 1 Capital Ratio of 12.0%2

Supplementary Leverage Ratio of 7.1%3

Book Value per Share of $69.46

Tangible Book Value per Share of $60.614

Citi Holdings Assets of $74 Billion Declined 43% from Prior Year Period and Represented 4% of Total Citigroup Assets at Year End 2015

Citicorp Efficiency Ratio of 57% in 2015

2015 Return on Average Assets of 0.94% Excluding CVA/DVA

2015 Return on Tangible Common Equity of 9.2% Excluding CVA/DVA5

Apart from CVA/DVA, revenues were $18.6 billion, up 4% from the prior year period, and earnings were $1.06 per diluted share, compared to prior year earnings of $0.06 per diluted share.