Corbat took home a $1.5 million base salary, cash bonuses of $6.75 million and nearly $16 million in deferred compensation, according to a Securities and Exchange Commission filing from Friday. He had received a 4.35 percent raise in 2018.
His pay compares to $27 million for Morgan Stanley CEO James Gorman and $31.5 million for JPMorgan Chase CEO Jamie Dimon. Dimon received a pay raise of just half a million dollars in 2019, a much smaller amount than his pay bump in 2018.
The New York-based bank said Tuesday that it earned a profit of $4.98 billion, or $2.15 per share, compared with a profit of $4.3 billion, or $1.65 per share, in the same period a year earlier. The results topped analysts’ expectations for a profit of $1.81 a share, according to FactSet.
For the full year, Citi had a profit of $19.4 billion, up from $18.05 billion in 2018. Revenue at the bank was $74.29 billion compared with $72.85 billion a year before.
The Associated Press contributed to this report.