Citigroup is set to announce first-quarter earnings results Friday morning.

Analysts are expecting the bank to report adjusted earnings per share of $1.61, a nearly 20% increase from last year.

Here's what else analysts are expecting:

The first-quarter results are expected to be smoother and more constructive for banks in general. In addition to global growth across major economies and the return of volatility, the banks will start to reap benefits from higher interest rates and the corporate tax overhaul.

The fourth-quarter of 2017, by comparison, was noisy and uneven thanks in part to the new tax law, which caused many banks to book one-time losses on repatriated cash and deferred tax assets that declined in value.

For Citi that included a one-time, noncash charge of $22 billion, on account of the new tax law.