Citigroup (C) AGM 2025 summary

Opening remarks and agenda

• The meeting was held virtually, with introductions of the board, CEO, and independent auditors, and an overview of the agenda and procedures for questions and voting.

• The agenda included management and shareholder proposals, Q&A, and voting outcomes.

Board and executive committee updates

• Several directors stood for re-election, with two directors departing due to retirement and personal decisions.

• The board emphasized alignment of executive compensation with shareholder interests and discussed the rationale for stock-based awards.

Financial performance review

• 2024 saw the highest revenue since 2010, with positive operating leverage across all five core businesses.

• Nearly $7 billion was returned to shareholders in 2024 through dividends and buybacks; $2.8 billion was returned in Q1 2025.

• Expenses declined by 5% year over year in Q1 2025, and all five businesses grew returns.

• Services, wealth, and US personal banking posted record revenues.