Citigroup : Citi First Quarter 2026 Presentation

Published: 2026-04-14 08:04:13 ET C

Published on 04/14/2026 at 08:04 am EDT

April 14, 2026

Earnings Results Presentation

First Quarter 2026

Our strategy and path forward remain unchanged

OUR VISION

Be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in our home market of the United States

DELIVERING ON OUR 2022 INVESTOR DAY PRIORITIES

LARGELY COMPLETE

SIMPLIFICATION CULTURE AND TALENT

MAIN PRIORITIES FOR 2026

TRANSFORMATION ENHANCE FIRM AND BUSINESS PERFORMANCE

Focus on five core interconnected businesses

Exit 14 international consumer markets(1)

Simplify the organization and management structure

Build a winning culture Invest in talent Deliver One Citi

90% of Transformation programs at or nearly at Citi's target-state

#1 priority Relentless execution

Regulatory remediation Modernize infrastructure Data enhancements

Maximize unique global network

Scale Wealth

Target share gains in Services, Banking, Markets and U.S. Consumer Cards

Grow Commercial Banking

client segment

Delivering strong performance in 1Q26(a,b)

1Q26

∆ 1Q25

Revenues

$24.6 billion

14%

1Q26

∆ 1Q25

Net Income

$5.8 billion

42%

1Q26

∆ 1Q25

EPS

$3.06

56%

CET1 Capital Ratio(c)

1Q26 12.7%

1Q25 13.4%

Tangible Book Value Per Share(e)

1Q26

11.5%

1Q26

13.1%

1Q26

$112.22

1Q26

$99.01

1Q25

8.0%

1Q25

9.1%

∆ 1Q25

ROE

RoTCE(d)

Book Value Per Share

FIRST QUARTER 2026 FIRMWIDE KEY HIGHLIGHTS

$24.6 billion, up 14% YoY

1Q26 expenses of $14.3 billion, efficiency ratio of ~58%

improved by ~410 bps YoY

1Q26 RoTCE of 13.1%, up ~400 bps YoY(d)

EPS of $3.06, up 56% YoY

CET1 Capital Ratio(c) of 12.7%, ~110 bps above current regulatory

capital requirement

Returned ~$7.4 billion to common shareholders through share repurchases and dividends in 1Q26, including $6.3 billion of share repurchases

Five interconnected businesses driving strong 1Q26 performance

GLOBAL NETWORK

INTERCONNECTED

DIVERSIFIED

Services

TTS : #1 Rank(1)

TTS: gained ~100 bps of market share YoY(1) Securities Services: #1 in Direct Custody(2)

Revenue ($B)

$5.2

$6.1

Securities Services

TTS

1Q25

1Q26

3.9

4.6

1.3

1.5

5.2

4.6

Fixed Income Markets

Equity Markets

Markets

#3 Overall Rank (tied)(3) Fixed Income: #2 Rank(3) Equities: #6 Rank (tied)(3)

Record prime balances(4), up more than 50% YoY

$7.2

$6.1

1Q25

1Q26

1.5

2.1

Investment

Banking Corporate

Lending incl. gain/(loss) on loan hedges

Banking

Investment Banking: #5 Rank(5)

IB Fees: up 12% YoY

Record 1Q in Advisory(6)

$1.5

$1.8

1Q25

1Q26

0.4

1.1

1.3

Citigold and Retail Banking

Wealth at Work Private Bank

Wealth

Private Bank (Global):

#6 Rank, with APAC and MEA Private Bank: #3 Rank (tied)(7)

18% EBT Margin

Net new investment asset(f) flows of ~$15 billion

$2.8 0.3

0.7

$3.1 0.2

0.8

1.8

2.1

1Q25

1Q26

U.S. Consumer Cards

#3 Rank in U.S. Cards(8)

Spend volume up 6% YoY in General Purpose Credit Cards

$4.6

$4.8

1Q25

1Q26

Positive operating leverage

Best quarterly revenue in a decade for the firm and Markets, Wealth and U.S. Consumer Cards; Highest 1Q revenues in Services in a decade(6)

Making continued progress on Citi's top two priorities

1Q26 Business Achievements

1Q26 Transformation and Technology

BlackRock's select middle office services for $4.0 trillion in U.S. domiciled iShares ETFs. Platform modernization advanced with Real Time Funding expansion in Europe and continued Single Event Processing roll-out on industry-leading platform.

across key areas such as Risk, Controls, Compliance, and Finance.

We completed onboarding of our most critical in-scope regulatory reports to a strategic reporting platform, streamlining workflow and enhancing controls.

We are seeing the benefits of an AI-ready organization, reengineering our

enterprise at scale:

AI tool adoption by 80%+ colleagues, driving 42MM interactions since inception - 50% increase since Q4 2025.

Markets processes 4,400+ documents via AI, creating capacity of 1,700+ hours/month in oversight areas such as trade confirms, broker invoices, and interest claims investigations.

Advanced AI, including Agentic AI, utilized by 10,000+ engineers to and has been used to remap 30+ years of legacy code in 2 days.

Financial results overview

Diluted EPS $3.06 157% 56%

ROE 11.5%

CET1 Capital Ratio(c) 12.7%

29%

88%

12,944

4,443

Memo:

NII ex-Markets (g)

NIR ex-Markets (h)

400

800

13.1%

RoTCE(d) (Δ in bps)

(410)

(1,150)

58.1%

Efficiency Ratio (Δ in bps)

44%

151%

5,442

Net Income to Common(2)

% Δ YoY

% Δ QoQ

Financial Results

1Q26

($ in MM, except EPS)

1Q26 Financial Overview Highlights

Net Interest Income

15,741

12%

Non-Interest Revenue

8,892

111%

17%

Total Revenues

24,633

24%

14%

Expenses

14,311

Revenues - Up 14%(a) YoY, driven by continued growth in each of our businesses

NII up 12% YoY, driven by increases in each of our businesses and Legacy Franchises, partially offset by a decline in Corporate/Other

NII ex-Markets(g) up 7%, driven by increases across businesses and Legacy

Franchises, partially offset by a decline in Corporate/Other

NCLs

2,208

(10)%

ACL Build and Other(1)

597

126%

Provision for Credit Losses

2,805

26%

NIR up 17% YoY, driven by growth in each of our businesses and All Other

NIR ex-Markets(h) up 29% YoY, driven by growth across businesses and All Other

EBT 7,517 97% 38%

Income Taxes 1,578

23%

18%

Net Income 5,785 134% 42%

Expenses - Up 7%(a) YoY, driven by higher compensation and benefits, which includes severance and the impact of FX translation, as well as transactional and product servicing expenses

credit losses in U.S. Consumer Cards as well as a firmwide net ACL build of

$597 million

Markets

Banking Wealth

U.S. Consumer Cards

All Other (Managed Basis)(i)

($ in B)

Revenue by Segment

21.6

19.9

24.6

6.1

5.2

6.1

1.5

2.8

4.6

1.5

1Q25

6.3

4.6

1.8

2.9

4.6

)

(0.2

4Q25

7.2

1.8

3.1

4.8

1.7

1Q26

Quarterly expense trend and year-over-year expense drivers

Expense Overview

($ in B)

Expenses ex-Divestitures and FDIC Special Assessment(1)

$13.4

$13.6

$14.0

$14.3

69.6%

62.2%

62.7%

64.7%

Reported Efficiency Ratio

65.8% ex-

notable item(j)

58.1%

61.4% ex-

notable item(j)

Reported Expenses

Goodwill Impairment Charge Transactional and

Product Servicing

Technology / Communication

$13.6

$14.3 0.7

1.1

$13.8

1.2

$14.3

1.2

2.3

2.4

2.3

Other Expenses ex-notable item(2,j)

2.4

2.7

3.2

Compensation and Benefits & Restructuring

7.5

7.6

7.5

7.1

8.4

1Q26 Expense Drivers

Transactional and Product Servicing

Up 11% YoY

Higher volumes in Markets, Services, U.S. Consumer Cards and Banking

Technology / Communication

$13.4

1.1

1.2

2.4

2.3

2.5

Down (2)% YoY

Other Expenses ex-notable item(2,j)

Down (5)% YoY

Reduction in technology contractors as a

result of productivity

Largely offset by technology charges and continued investments in technology and in the businesses to drive additional efficiencies and revenue growth

Lower legal expenses

Lower professional services fees

Partially offset by higher tax charges and deposit insurance costs

Direct Staff (thousands)

1Q25

229

2Q25

230

3Q25

227

4Q25

226

1Q26

224

Severance(3) ($B)

0.1

0.4

0.2

0.1

0.5

Compensation and Benefits & Restructuring

Up 12% YoY

Higher severance charges

Higher compensation associated with

investments in Banking and Services

Higher performance-related compensation

Partially offset by productivity savings, stranded cost reduction and lower transformation expenses in Corporate/Other

U.S. credit cards and corporate credit overview

Citi had nearly $22B in total reserves with a reserve-to-funded loans ratio of 2.6% as of March 31

($ in B)

U.S. Cards Loans

Corporate Lending Exposure

≥ 660 85%

85%

83%

18%

17%

EOP Loans

EOP Loans by FICO Score(1)

General Purpose

82%

85%

Private Label

<660

1Q25 4Q25 1Q26

15%

1Q25

15%

4Q25

15%

1Q26

NAM(2)

58%

International

42%

IG or MNC

Clients(3)

89%

Other, 11%

78%

22%

By Region

By Grade Rating

International Exposure

Non-IG

1Q25

4Q25

1Q26

Total EOP Consumer Loans: $402

Total Exposure: $839

Key U.S. Credit Cards Loan Metrics

1Q25

4Q25

1Q26

Key Corporate Lending Metrics

1Q25

4Q25

1Q26

EOP Credit Card Loans

$163

$174

$167

EOP Corporate Loans

$316

$344

$359

NCLs

$1.9

$1.7

NCLs

$0.2

$0.0

% of Average Loans

4.7%

4.0%

4.1%

% of Average Loans

0.2%

0.0%

90+ Days Past Due (DPD) %

1.6%

1.5%

NALs

$1.4

$2.0

ACLL/EOP Loans

8.2%

7.7%

8.0%

% of Loans

0.4%

0.6%

0.5%

ACLL/EOP Loans(4)

0.9%

1.0%

Capital and balance sheet overview

(4)%

Loans, net(5)

Other Assets(6)

YoY

25%

(2)%

QoQ

10%

($ in B)

Cash

Investments, net(3)

End of Period Assets

$2,572

308 453

$2,657

350

444

$2,778 386

444

966

956

1,038

683

161

1Q25

733

174

4Q25

742

168

1Q26

CET1 Capital(c)

156

157

155

Standardized RWA

1,162

1,192

1,217

CET1 Capital Ratio - Standardized(c)

13.4%

13.2%

12.7%

Advanced RWA

1,307

1,316

1,327

CET1 Capital Ratio - Advanced

11.9%

11.7%

Supplementary Leverage Ratio(1)

5.8%

5.5%

5.2%

Liquidity Coverage Ratio

117%

115%

114%

AFS Securities (Duration: ~2 Years)

225

247

258

HTM Securities (Duration: ~3 Years)

220

190

179

QoQ Standardized CET1 Capital Ratio Walk

13.2%

46 bps

12.7%

(62) bps

(4) bps

(27) bps

Management

Buffer & Excess Stress Capital Buffer

GSIB

Surcharge Regulatory Minimum

1.1%

3.6%

3.5%

4.5%

4Q25

Net Income Capital

to Common Distribution

DTA &

Other(2)

RWA

1Q26(c)

(3)%

(1)%

LTD

Equity 213

1Q25

10%

Deposits

14%

Trading-Related Liabilities(7)

YoY

QoQ

($ in B)

End of Period Liabilities and Equity

$2,572

$2,657

$2,778

138

214

4Q25

213

1Q26

296

1,316

631

316

1,404

586

308

145

1,446

666

1Q26

($ in B)

Regulatory Capital & Liquidity Metrics

1Q25 4Q25

Services

($ in MM)

Net Interest Income

Financial Results

1Q26

3,424

% Δ QoQ

% Δ YoY

20%

Treasury and Trade Solutions

4,616

17%

Non-Interest Revenue

768

(26)%

20%

NCLs

(84)%

(50)%

Provision for Credit Losses

84%

Net Income

2,228

(11)%

21%

ACL Build (Release) and Other(1) 91 NM 102%

Net Interest Income 719 (4)% 14%

Non-Interest Revenue 1,192 1% 12%

EBT 3,074 (11)% 20%

1Q Highlights

Revenues - Up 17%(a) YoY, driven by growth in both TTS and Securities Services

NII up 18% YoY, driven by higher average deposit balances and deposit spreads

NIR up 15%(a) YoY, primarily driven by continued momentum in fees and underlying fee drivers

Securities Services

1,487

(17)%

17%

Total Revenues

6,103

(3)%

17%

Expenses

2,935

14%

$91 million, driven by increased uncertainty in the macroeconomic outlook and changes in credit quality on certain exposures, partially offset by refinements to loss assumptions

Key Metrics and Statistics - Detail by Business

Key Metrics and Statistics

($ in B, unless otherwise noted)

Allocated Average TCE(k)

1Q26

% Δ QoQ

% Δ YoY

Efficiency Ratio (Δ in bps)

48%

300

(200)

EOP Loans

102

EOP Deposits Memo ($ in MM): Net Interest Income

Non-Interest Revenue

960

15%

4,143

1,960

(12)%

18%

15%

Average Deposits 961 3% 16%

Average Loans 99 3% 14%

RoTCE(d) 27.0%

($ in B, unless otherwise noted)

1Q26

% Δ QoQ

% Δ YoY

Treasury and Trade Solutions

Average Loans

13%

Average Deposits

812

18%

Cross Border Transaction Value(2)

106

(8)%

12%

U.S. Dollar Clearing Volume (#MM)(3)

(3)%

Commercial Card Spend Volume(4)

Securities Services

Average Deposits

149

(4)%

10%

AUC/AUA ($ in T)

21%

Note: In the first quarter 2026, Citi updated its TCE methodology among the Services, Markets and Banking segments to better align their capital usage associated with the shared economic benefits of corporate lending to clients across 10

these segments, eliminating their corporate lending revenue share arrangement. Totals may not sum due to rounding. 1Q26 AUC/AUA is preliminary. All footnotes are presented starting on Slide 28.

Markets

($ in MM)

Rates and Currencies

Financial Results

1Q26

3,311

% Δ QoQ

35%

% Δ YoY

Fixed Income Markets

5,166

45%

13%

NCLs

(3)

75%

Provision for Credit Losses

(15)

86%

ACL Build (Release) and Other(1) (12) 87% NM

Spread Products / Other Fixed Income 1,855 68% 27%

1Q Highlights

Equity Markets

2,080

97%

39%

Total Revenues

7,246

57%

19%

Expenses

3,835

11%

Fixed Income Markets up 13% YoY, with Rates and Currencies up 6% driven by higher FX volumes and optimization of the balance sheet, largely offset by Rates, and Spread Products / Other Fixed Income up 27%, primarily driven by strong performance in Commodities

Equity Markets up 39% YoY, driven by growth across Derivatives, Prime

Services and Cash Equities

EBT

3,426

210%

42%

Net Income

2,595

210%

40%

($ in MM)

Revenue Trend

1Q24 1Q25 2Q25 3Q25 4Q25 1Q26 % Δ QoQ % Δ YoY

Key Metrics and Statistics

($ in B, unless otherwise noted)

Allocated Average TCE(k)

1Q26

% Δ QoQ

% Δ YoY

Efficiency Ratio (Δ in bps)

53%

(2,500)

(400)

Average Total Assets

1,325

19%

Average VaR(2) ($ in MM) (99% confidence level)

127

17%

Average Loans 162 7% 27%

Average Trading Account Assets 573 3% 21%

RoTCE(d) 18.7%

Fixed Income Markets

4,203

4,578

4,388

4,225

3,554

5,166

45%

13%

Equity Markets

1,202

1,497

1,592

1,520

1,055

2,080

97%

39%

Total Revenue

5,405

6,075

5,980

5,745

4,609

7,246

57%

19%

Banking

($ in MM)

Investment Banking

Financial Results

1Q26

1,326

% Δ QoQ

(2)%

% Δ YoY

19%

Gain/(loss) on loan hedges

257%

NCLs

(76)%

(82)%

Provision for Credit Losses

132

(25)%

(38)%

Net Income

304

(14)%

36%

ACL Build (Release) and Other(2) 126 (17)% (30)%

Corporate Lending (ex-gain/(loss))(1) 391 (12)% (3)%

EBT 395 (11)% 40%

1Q Highlights

− Investment Banking fees up 12% YoY, driven by growth in Advisory and ECM, partially offset by a decline in DCM

Corporate Lending (incl. gain/(loss))

441

Total Revenues

1,767

15%

Expenses

1,240

20%

− Corporate Lending ex-gain/(loss) on loan hedges(1) revenues down (3)% YoY

Investment Banking Fees - Trend by Business

($ in MM)

1Q24 1Q25 2Q25 3Q25 4Q25 1Q26 % Δ QoQ % Δ YoY

Key Metrics and Statistics

($ in B, unless otherwise noted)

Allocated Average TCE(k)

1Q26

% Δ QoQ

(15)%

% Δ YoY

(15)%

Efficiency Ratio (Δ in bps)

70%

500

200

EOP Loans

10%

Memo ($ in MM):

Net Interest Income Non-Interest Revenue

587

1,180

(4)%

20%

14%

NCL Rate (Δ in bps) 0.03% (10) (14)

Average Loans 83 5% 1%

RoTCE(d) 15.8%

Advisory

230

424

408

427

649

505

(22)%

19%

Equity Underwriting

171

127

218

174

180

208

16%

64%

Debt Underwriting

571

553

432

568

458

519

13%

(6)%

Investment Banking Fees

972

1,104

1,058

1,169

1,287

1,232

(4)%

12%

Wealth

Financial Results

1Q Highlights

($ in MM)

1Q26

% Δ QoQ

% Δ YoY

Citigold and Retail Banking

2,062

13%

Private Bank

757

21%

14%

Wealth at Work

246

(8)%

Expenses

2,415

NCLs

10%

31%

ACL Build (Release) and Other(1)

86%

(78)%

Total Revenues

3,065

11%

NII up 14% YoY, driven by higher deposit spreads and average balances, partially offset by lower mortgage spreads

NIR up 5% YoY, driven by 11% higher investment fee revenues, partially offset by the sale of the trust business

Provision for Credit Losses

101

16%

(20)%

EBT

549

38%

128%

Net Income

432

44%

126%

Key Metrics and Statistics

($ in B, unless otherwise noted)

Allocated Average TCE(k)

1Q26

% Δ QoQ

% Δ YoY

Client Balances(3) NNIA(f)

Memo ($ in MM):

Net Interest Income Non-Interest Revenue

1,299

14.7

104%

(11)%

2,095

970

15%

14%

EBT Trend

8.6

14.7

Last twelve months NNIA represents ~7% organic growth(4)

7.2

2.0

1Q25 2Q25 3Q25 4Q25 1Q26

RoTCE(d)

10.8%

($ in MM)

1Q24

1Q25

2Q25

3Q25

4Q25

1Q26

% Δ QoQ

% Δ YoY

Efficiency Ratio (Δ in bps)

79% (400) (800)

Wealth EBT

(23)

241

494

391

398

549

38%

128%

Average Loans

205 1% 6%

EBT Margin

(1)%

18%

14%

18%

400 bps

917 bps

Average Deposits

414 2% 4%

Client Investment Assets(2)

676

14%

NNIA(f) Trend

EOP Loans

205

($ in B)

EOP Deposits

418

16.5

U.S. Consumer Cards

Financial Results

NCLs

1,742

(11)%

Provision for Credit Losses

2,092

29%

17%

Net Income

732

(17)%

(13)%

ACL Build (Release) and Other(1) 350 NM NM

EBT 954 (17)% (13)%

1Q Highlights

Non-Interest Revenue

(359)

38%

14%

Total Revenues

4,757

Expenses

1,711

(5)%

($ in MM)

1Q26

% Δ QoQ

% Δ YoY

Net Interest Income

5,116

(1)%

Key Metrics and Statistics

($ in B, unless otherwise noted) 1Q26

Allocated Average TCE(k) 16

% Δ QoQ

(24)%

% Δ YoY

(24)%

Efficiency Ratio (Δ in bps)

36%

(300)

(100)

EOP Loans

171

(4)%

NCL Rate (Δ in bps)

4.12%

(60)

Revenue Rate(2) (Δ in bps)

11.28%

90+ DPD % (Δ in bps) 1.50% 5 (4)

Card Spend Volume 152 (9)% 5%

Average Loans 171 (1)% 2%

RoTCE(d) 19.2%

Key Metrics and Statistics - Detail by Product

($ in B, unless otherwise noted) General Purpose Credit Card (GPCC)

Card Spend Volume

New Credit Cards Account Acquisitions(3) (#K)

1Q26

% Δ QoQ

% Δ YoY

142

1,899

(7)%

(10)%

12%

Average Active Accounts(4) (#K)

46,219

Average Loans

139

NCL Rate (Δ in bps)

3.87%

(58)

90+ DPD % (Δ in bps)

1.39%

(3)

Private Label Credit Card (PLCC)

Card Spend Volume

(24)%

(4)%

New Credit Cards Account Acquisitions(3) (#K)

1,043

(34)%

(9)%

Average Active Accounts(4) (#K)

22,465

(3)%

(7)%

Average Loans

(3)%

(6)%

NCL Rate (Δ in bps)

5.05%

(66)

90+ DPD % (Δ in bps)

2.15%

(8)

All Other (Managed Basis(i))

Financial Results

($ in MM) 1Q26

Legacy Franchises (Managed Basis) 2,161

% Δ QoQ

% Δ YoY

33%

1Q Highlights

Corporate/Other

(479)

11%

(203)%

Total Revenues

1,682

15%

Expenses

2,144

(4)%

NCLs

371

45%

ACL Build (Release) and Other(1)

(73)%

(72)%

Provision for Credit Losses

400

(11)%

11%

EBT (862) 68% 23%

Net Income

(494)

78%

42%

Legacy Franchises up 33% YoY, driven by growth in Mexico, including the impact of FX translation, and a gain on the sale of an investment, partially offset by the continued reduction of revenue from our closed exit and wind-down markets

Corporate/Other down (203)% YoY, driven by lower NII due to a lower benefit from cash and securities reinvestment, partially offset by higher NIR

Key Metrics and Statistics

($ in B, unless otherwise noted)

1Q26

% Δ QoQ

% Δ YoY

Corporate/Other Revenues ($ in MM)

(479)

11%

(203)%

Memo ($ in MM):

Non-Interest Revenue

679

279%

Net Interest Income 1,003 (12)% (22)%

Corporate/Other Expenses ($ in MM) 820 2% (8)%

Legacy Franchises Average Allocated TCE(k)

12%

Corporate/Other Average Allocated TCE(k)

Allocated Average TCE(k)

Legacy Franchises Exits Contribution(2)

Legacy Franchises

6.9

6.3

5.3

6.0

2.2

1.4

losses of $371 million driven by consumer loans in Mexico

Efficiency Ratio (Δ in bps)

127%

2024

2025

1Q26

Legacy Franchises Revenues ($ in MM)

2,161

33%

($ in B)

Revenue

Expenses

Revenue

Expenses

Revenue

Expenses

Legacy Franchises Expenses ($ in MM)

1,324

(1)%

Closed or Signed Markets

0.6

0.9

(1.1)

0.5

0.1

Mexico Consumer/SBMM(3)

6.1

4.2

6.5

3.9

2.1

1.2

Wind-Down/Sale/Other

0.1

0.9

0.1

0.7

0.0

0.1

Legacy Franchises ex-

Divestitures

6.8

6.0

5.5

5.2

2.2

1.3

Divestiture-Related Impacts

0.0

0.3

(0.2)

0.9

0.0

Note: Wind-down/Sale/Other includes consumer businesses in Korea and Legacy Assets. Mexico Consumer/SBMM consists of Mexico consumer banking and Small Business and Middle-Market Banking, collectively (Mexico 15

Consumer/SBMM). Totals may not sum due to rounding. All footnotes are presented starting on Slide 28.

Full year 2026 guidance, subject to macro and market conditions

NII ex-Markets up ~5 - 6%(g,1)

NIR ex-Markets(h,1) growth driven by continued fee momentum in Services, Banking and Wealth

Efficiency ratio ~60%

U.S. Cards NCL range: 4.0% - 4.5%

ACL will be a function of macroeconomic environment and business volumes

Repurchased $6.3 billion of common shares in 1Q26

Remain committed to returning capital to shareholders and expect repurchases in 2026 to be higher than

in 2025

We remain committed to continuing to improve returns over time -

targeting 10-11% RoTCE in 2026(2)

Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. These factors include, among others: (i) macroeconomic, geopolitical and other challenges and uncertainties, including impacts related to the conflict in the Middle East and resulting disruptions to energy and other commodities markets and supply chains; elevated inflation, slowing economic growth and increases in unemployment rates; changes in U.S. laws or policies, including those related to interest rates; (ii) the execution and efficacy of Citi's priorities regarding its simplification, transformation and enhanced business performance, including those related to revenues, net interest income, expenses, capital-related, credit and return expectations; and (iii) the precautionary statements included in this presentation. These factors also consist of those contained in Citigroup's filings with the U.S. Securities and Exchange Commission, including without limitation the "Risk Factors" section of Citigroup's 2025 Form 10-

K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does

not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Net interest income, average loans and deposits

($ in B)

Citigroup NIM

Net Interest Income

2.47% 2.51% 2.40% 2.49% 2.46%

$14.01 $15.18 $14.94 $15.67 $15.74

1.92 2.82 2.18 2.76 2.80

NII ex-Markets(g)

12.09

12.35

12.76

12.90

12.94

$0.04 $0.85

1Q25 2Q25 3Q25 4Q25 1Q26

Gross Loan Yield(1)

8.66%

8.44%

8.43%

8.30%

8.19%

Cost of Interest-Bearing Deposits(2)

3.10%

3.06%

3.08%

2.83%

2.71%

5% 15%

Corporate

QoQ YoY

3% 9%

Average Loans

$691

$712

$725

$737

$755

387

390

396

402

404

304

322

329

335

351

1Q25

2Q25

3Q25

4Q25

1Q26

(12)% (20)%

All Other

3% 17%

Corporate

Average Deposits

$1,305

$1,343

$1,382

$1,422

841

875

914

956

980

1Q25

2Q25

3Q25

4Q25

1Q26

398

399

405

407

414

Note: Totals may not sum due to rounding. Excludes discontinued operations. NIM (Net Interest Margin) (%) includes the taxable equivalent adjustment (based on the U.S. federal statutory tax rate of 21% in all periods). Corporate loans include loans managed by Services, Markets, 18

Banking, and All Other-Legacy Franchises-Mexico SBMM, and the AFG. Consumer loans include loans managed by U.S. Consumer Cards, Wealth, and All Other-Legacy Franchises (other than Mexico SBMM, and the AFG). All footnotes are presented starting on Slide 28.

Credit trends for U.S. Consumer Cards

ACLL Balance ($ in B)

U.S. Consumer Credit Cards

ACLL / EOP Loan

$13.0

$13.3

$13.6

$13.4

$13.3

$13.4

8.2%

8.1%

8.2%

7.9%

8.2%

8.0%

7.7%

8.0%

1Q24

2Q24 3Q24 4Q24

1Q25

2Q25 3Q25 4Q25

1Q26

1Q24

2Q24 3Q24 4Q24

1Q25

2Q25 3Q25 4Q25

1Q26

General Purpose Credit Cards

90+ DPD & NCL Trend

4.22%

4.41%

4.17%

4.13%

4.45%

4.20%

3.85% 3.78% 3.87%

1.44% 1.34% 1.36% 1.41% 1.42% 1.30%

1.27%

1.32% 1.39%

1Q24

2Q24 3Q24 4Q24

1Q25

2Q25 3Q25 4Q25

1Q26

EOP 1Q25 4Q25 1Q26

Loans $132.9 $143.2 $138.7

90+ DPD & NCL Trend

Private Label Credit Cards

5.74% 5.69%

5.24%

5.48%

5.71%

5.18% 4.67%

4.77%

5.05%

2.36%

2.15%

2.27% 2.33% 2.23%

2.00%

2.08% 2.13% 2.15%

1Q24

2Q24 3Q24 4Q24

1Q25

2Q25 3Q25 4Q25

1Q26

1Q25 4Q25 1Q26

$29.9 $30.5 $28.3

EOP

Loans

Financial summary of businesses

All Other (Managed Basis)(i)

1Q'26

Services

Markets

Banking

Wealth

U.S. Consumer Cards

Corporate/Other

Legacy Franchises (Managed Basis)(i)

Reconciling Items(i)

Total

(P&L $ in MM; Balance Sheet $ in B) $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY

Net Interest Income

$4,143

18%

$2,797

45%

$587

20%

$2,095

14%

$5,116

$(476)

$1,479

27%

$15,741

12%

Non-Interest Revenue

$1,960

15%

$4,449

$1,180

14%

$970

$(359)

14%

$(3)

99%

$682

50%

$13

$8,892

17%

Total Revenues

$6,103

17%

$7,246

19%

$1,767

15%

$3,065

11%

$4,757

$(479)

(203)%

$2,161

33%

$13

$24,633

14%

Expenses

$2,935

14%

$3,835

11%

$1,240

20%

$2,415

$1,711

$820

(8)%

$1,324

(1)%

$31

(9)%

$14,311

Provision for Credit Losses

$94

84%

$(15)

$132

(38)%

$101

(20)%

$2,092

17%

$(9)

$409

14%

$2,805

EBT

$3,074

20%

$3,426

42%

$395

40%

$549

128%

$954

(13)%

$(1,290)

(23)%

$428

$(19)

17%

$7,517

38%

Net Income

$2,228

21%

$2,595

40%

$304

36%

$432

126%

$732

(13)%

$(671)

16%

$177

$(12)

20%

$5,785

42%

Allocated Average TCE(k)

$34

$56

(15)%

$16

(24)%

$34

12%

$169

RoTCE(d)

27.0%

450 bps

18.7%

470 bps

15.8%

600 bps

10.8%

580 bps

19.2%

250 bps

13.1%

400 bps

Average Loans

$99

14%

$162

27%

$83

$205

$171

$35

$755

Average Deposits

$961

16%

$19

27%

$414

(59)%

$43

$1,446

11%

Disclaimer

Citigroup Inc. published this content on April 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 14, 2026 at 12:03 UTC.