Citigroup Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenue of $17,780 million against $17,917 million for the same period a year ago. Adjusted revenue was $17,944 million against $18,402 million for the same period a year ago. Income from continuous operations before taxes was $3,755 million against $1,095 million for the same period a year ago. Income from continuing operations was $2,560 million against $1,309 million for the same period a year ago. Net income was $2,691 million against $1,196 million for the same period a year ago. Adjusted net income was $2,602 million against $2,150 million for the same period a year ago. Return on common equity was 5.3% against 2.5% for the same period a year ago. Book value per share was $65.31. Excluding CVA/DVA, the impact of the credit card divestiture in fourth quarter 2013 and the repositioning charge in the fourth quarter 2012, Citigroup net income of $2.6 billion was up 21% versus the prior year period as lower operating expenses and lower credit costs were partially offset by the decline in revenues and a higher effective tax rate. Diluted earnings per share from income from continuing from operation were $0.79 against $0.41 a year ago. Diluted earnings per share were $0.85 against $0.38 a year ago. Return on average assets was 0.57% against 0.25% a year ago. Net interest revenue was $11,970 million against $11,916 million a year ago.

For full year, the company reported total revenue of $76,366 million against $69,128 million for the same period a year ago. Adjusted revenue was $76,708 million against $76,089 million for the same period a year ago. Income from continuous operations before taxes was $19,857 million against $7,825 million for the same period a year ago. Income from continuing operations was $13,865 million against $7,818 million for the same period a year ago. Net income was $13,908 million against $7,541 million for the same period a year ago. Adjusted net income was $13,756 million against $11,921 million for the same period a year ago. Diluted earnings per share were $4.42 against $2.44 a year ago. Diluted earnings per share from income from continuing from operations were $4.33 against $2.46 a year ago. Return on average assets was 0.74% against 0.40% a year ago. Return on average assets was 7.1% against 4.1% a year ago. Net interest revenue was $46,793 million against $46,686 million a year ago.

The company currently expects net interest margin in 2014 should be at or around the 285 basis points it achieved in 2013, with fluctuations quarter-to-quarter.