Citigroup Inc. reported earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, total revenues were $18,456 million against $17,899 million a year ago. Adjusted revenues were $18,637 million against $17,892 million a year ago. Income from continuing operation before taxes was $4,808 million against $1,460 million a year ago. Income from continuing operations was $3,405 million against $383 million a year ago. Net income was $3,335 million against $344 million a year ago. Adjusted net income was $3,449 million against $340 million a year ago. Return on average common equity was $5.9% against 0.4% a year ago. Book value per share was $69.46 against $66.05 a year ago. Tangible book value per share was $60.61 against $56.71 a year ago. Net income increased primarily driven by the higher revenues and lower operating expenses, partially offset by a higher cost of credit.

For the year, total revenues were $76,354 million against $77,219 million a year ago. Adjusted revenues were $76,100 million against $77,609 million a year ago. Income from continuing operation before taxes was $24,826 million against $14,701 million a year ago. Income from continuing operations was $17,386 million against $7,504 million a year ago. Net income was $17,242 million against $7,310 million a year ago. Adjusted net income was $17,080 million against $11,486 million a year ago.