Citigroup : Citi First Quarter 2026 Financial Supplement

Published: 2026-04-14 08:04:12 ET C

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

Metrics

Legacy Franchises Corporate/Other

Divestiture-Related Impacts-Reconciling Items

EOP Deposits

Allowance for Credit Losses (ACL) Rollforward

Allowance for Credit Losses on Loans (ACLL) and Unfunded Lending Commitments (ACLUC) Non-Accrual Assets

Common Equity Tier 1 (CET1) Capital and Supplementary Leverage Ratios Tangible Common Equity (TCE), Common Equity, Book Value per Share,

Tangible Book Value Per Share (TBVPS) and Returns on Common Equity (RoCE)

and Tangible Common Equity (RoTCE)

FX Impact

Total Citigroup Revenues, Net Interest Income (NII) and Non-Interest Revenues (NIR), and Total Citigroup Operating Expenses

Notable Items Adjustments and All Other (Managed Basis)

All Other (Managed Basis), and Legacy Franchises (Managed Basis) Services and Banking-Corporate Lending Revenues

Total Citigroup Revenues, Total Operating Expenses, RoCE and RoTCE

Legacy Franchises Exits Contribution

Note:

See Citi's 4Q25 Historical Financial Supplement furnished on Form 8-K (filed on April 3, 2026) for a description of and additional historical periods reflecting Citi's first quarter of 2026 reporting

changes. Prior period results and TCE allocations in this First Quarter 2026 Quarterly Financial Data Supplement for the impacted segments were recast to reflect these reporting changes, while Citi's consolidated results and TCE remained unchanged.◻

(In millions of dollars, except per share amounts, ratios, bps, and as otherwise noted)

1Q 2Q

2025 2025

2025

2026

1Q26 Increase/

(Decrease) from

4Q25 1Q25

Revenues, net of interest expense

$ 21,596

$ 21,668

$ 22,090

$ 19,871

$ 24,633

24%

14%

Operating expenses

13,425

13,577

14,290

13,840

14,311

Net credit losses (NCLs)

2,459

2,234

2,214

2,190

2,208

(10%)

Credit reserve build (release) for loans

102

243

397

289%

Provision / (release) for unfunded lending commitments

108

(19)

100

184

70%

Provisions for benefits and claims, other assets and HTM debt securities

414

129%

(70%)

Provisions for credit losses and for benefits and claims

2,723

2,872

2,450

2,220

2,805

26%

Income (loss) from continuing operations before income taxes

5,448

5,219

5,350

3,811

7,517

97%

38%

Income taxes (benefits)

1,340

1,186

1,559

1,288

1,578

23%

18%

Income (loss) from continuing operations

4,108

4,033

3,791

2,523

5,939

135%

45%

Income (loss) from discontinued operations, net of taxes

(1)

Net income (loss) before noncontrolling interests

4,107

4,033

3,790

2,522

5,938

135%

45%

Net income (loss) attributable to noncontrolling interests

153

200%

256%

Citigroup's net income (loss)

$ 4,064

$ 4,019

$ 3,752

$ 2,471

$ 5,785

134%

42%

Diluted earnings per share:

Income (loss) from continuing operations

$ 1.96

$ 1.86

$ 1.19

$ 3.06

157%

56%

Net income (loss)

$ 1.96

$ 1.86

$ 1.19

$ 3.06

157%

56%

Preferred dividends

$ 269

$ 287

$ 274

$ 284

$ 305

13%

Income allocated to unrestricted common shareholders-basic

Income (loss) from continuing operations (for EPS purposes)

3,752

3,683

3,439

2,150

5,426

152%

45%

Net income (loss) (for EPS purposes)

3,751

3,683

3,438

2,149

5,425

152%

45%

Income allocated to unrestricted common shareholders-diluted

Income (loss) from continuing operations (for EPS purposes)

3,769

3,702

3,459

2,170

5,443

151%

44%

Net income (loss) (for EPS purposes)

3,768

3,702

3,458

2,169

5,442

151%

44%

Shares (in millions):

Average basic

1,879.0

1,855.9

1,820.3

1,772.8

1,736.9

(2%)

(8%)

Average diluted

1,919.6

1,893.1

1,862.6

1,816.9

1,776.0

(2%)

(7%)

Common shares outstanding, at period end

1,867.7

1,840.9

1,789.3

1,747.5

1,705.6

(2%)

(9%)

Regulatory capital ratios and performance metrics:

Common Equity Tier 1 (CET1) Capital ratio(1)(2)

13.41%

13.48%

13.27%

13.18%

12.7%

Tier 1 Capital ratio(1)(3)

15.10%

14.98%

14.97%

13.65%

14.5%

Total Capital ratio(1)(4)

15.41%

15.28%

15.31%

15.66%

15.4%

Supplementary Leverage ratio (SLR)(1)(5)

5.79%

5.53%

5.52%

5.48%

5.2%

Return on average assets

0.65%

0.61%

0.55%

0.36%

0.83%

47 bps

18 bps

Return on average common equity (RoCE)

8.0%

7.7%

7.1%

4.5%

11.5%

700 bps

350 bps

Average tangible common equity (TCE) (in billions of dollars)(6)

$ 169.3

$ 172.1

$ 172.3

$ 170.4

$ 169.2

(1%)

Return on tangible common equity (RoTCE)(6)

9.1%

8.7%

8.0%

5.1%

13.1%

800 bps

400 bps

Operating leverage(7)

759 bps

567 bps

59 bps

(381) bps

746 bps

1,127 bps

(13) bps

Efficiency ratio (total operating expenses/total revenues, net)

62.2%

62.7%

64.7%

69.6%

58.1%

(1,150) bps

(410) bps

Balance sheet data (in billions of dollars, except per share amounts)(1): Total assets

$ 2,571.5

$ 2,622.8

$ 2,642.5

$ 2,657.2

$ 2,777.7

Total average assets

2,517.1

2,647.8

2,688.8

2,722.5

2,816.8

12%

Total loans

702.1

725.3

733.9

752.2

761.6

Total deposits

1,316.4

1,357.7

1,383.9

1,403.6

1,446.2

10%

Citigroup's stockholders' equity

212.4

213.2

213.0

212.3

211.0

(1%)

Book value per share

103.90

106.94

108.41

110.01

112.22

Tangible book value per share(6)

91.52

94.16

95.72

97.06

99.01

Direct staff (in thousands)

229

230

227

226

224

(1%)

(2%)

March 31, 2026 is preliminary.

For March 31, 2026 and all prior periods presented, Citi's binding CET1 Capital ratios were derived under the Standardized Approach. For the composition of Citi's CET1 Capital and ratio, see page 22.

Citi's binding Tier 1 Capital ratios were derived under the Advanced Approaches for December 31, 2025 and the Standardized Approach for all other periods presented, including March 31, 2026.

For March 31, 2026 and all prior periods presented, Citi's binding Total Capital ratios were derived under the Advanced Approaches.

For the composition of Citi's SLR, see page 22.

TCE, RoTCE and Tangible book value per share are non-GAAP financial measures. See page 23 for a reconciliation of Tangible book value per share and Citi's average TCE to Citi's total average stockholders' equity.

Represents the year-over-year growth rate in basis points (bps) of total revenues, net of interest expense less the year-over-year growth rate of total operating expenses. Positive operating leverage indicates that the revenue growth rate was greater than the expense growth rate.

Note: Ratios and variance percentages are calculated based on the displayed amounts. NM Not meaningful.

N/D Not disclosed.

Reclassified to conform to the current period's presentation.

1Q 2Q 3Q 4Q 1Q

1Q26 Increase/

(Decrease) from

2025

2026

4Q25

1Q25

Revenues

Interest income (including dividends)

$ 33,666

$ 35,859

$ 36,690

$ 36,649

$ 35,513

(3%)

Interest expense

19,654

20,684

21,750

20,984

19,772

(6%)

Net interest income (NII)

14,012

15,175

14,940

15,665

15,741

12%

Commissions and fees

2,707

2,745

2,888

2,829

3,272

16%

21%

Principal transactions

3,510

2,503

2,772

1,450

4,008

176%

14%

Administration and other fiduciary fees

1,045

1,123

1,117

1,129

1,123

(1%)

Realized gains (losses) on sales of investments, net

121

138

105

107

270

152%

123%

Net impairment losses on investments recognized in earnings

(58)

(35)

(25)

(234)

(140)

40%

(141%)

Other revenue (loss)

259

293

(1,075)

359

39%

Total non-interest revenues (NIR)

7,584

6,493

7,150

4,206

8,892

111%

17%

Total revenues, net of interest expense

21,596

21,668

22,090

19,871

24,633

24%

14%

Provisions for credit losses and for benefits and claims

Net credit losses on loans

2,459

2,234

2,214

2,190

2,208

(10%)

Credit reserve build / (release) for loans

102

243

397

289%

Provision for credit losses on loans

2,561

2,477

2,259

2,200

2,605

18%

Provision for credit losses on held-to-maturity (HTM) debt securities

(5)

(30)

(500%)

Provision for credit losses on other assets

381

(32)

(15%)

Policyholder benefits and claims

(46%)

(35%)

Provision for credit losses on unfunded lending commitments

108

(19)

100

184

70%

Total provisions for credit losses and for benefits and claims

2,723

2,872

2,450

2,220

2,805

26%

Operating expenses

Compensation and benefits

7,464

7,633

7,474

7,068

8,382

19%

12%

Technology / communication

2,379

2,290

2,325

2,429

2,335

(4%)

(2%)

Transactional and product servicing

1,102

1,184

1,110

1,179

1,225

11%

Premises and equipment

574

615

607

681

586

(14%)

Professional services

476

510

514

573

441

(23%)

(7%)

Advertising and marketing

250

269

260

318

233

(27%)

(7%)

Restructuring

(3)

(2)

(5)

(4)

100%

Other operating

1,183

1,078

2,005

1,596

1,109

(31%)

(6%)

Total operating expenses

13,425

13,577

14,290

13,840

14,311

Income (loss) from continuing operations before income taxes

5,448

5,219

5,350

3,811

7,517

97%

38%

Provision (benefit) for income taxes

1,340

1,186

1,559

1,288

1,578

23%

18%

Income (loss) from continuing operations

4,108

4,033

3,791

2,523

5,939

135%

45%

Discontinued operations

Income (loss) from discontinued operations

(1)

Provision (benefit) for income taxes

Income (loss) from discontinued operations, net of taxes

(1)

Net income (loss) before attribution to noncontrolling interests

4,107

4,033

3,790

2,522

5,938

135%

45%

Noncontrolling interests

153

200%

256%

Citigroup's net income (loss)

$ 4,064

$ 4,019

$ 3,752

$ 2,471

$ 5,785

134%

42%

NM Not meaningful.

Reclassified to conform to the current period's presentation.

March 31, June 30, September 30, December 31, March 31,

1Q26 Increase/

(Decrease) from

2025

2026(1)

4Q25

1Q25

Assets

Cash and due from banks (including segregated cash and other deposits)

$ 24,463

$ 24,991

$ 23,545

$ 23,717

$ 23,625

(3%)

Deposits with banks, net of allowance

283,868

312,482

324,515

325,862

362,097

11%

28%

Securities borrowed and purchased under agreements to resell, net of allowance

390,215

323,892

321,347

356,195

353,094

(1%)

(10%)

Brokerage receivables, net of allowance

57,440

64,029

75,992

62,679

91,720

46%

60%

Trading account assets

518,577

568,558

562,254

537,139

593,473

10%

14%

Investments

Available-for-sale debt securities

225,180

235,802

246,227

246,720

257,822

14%

Held-to-maturity debt securities, net of allowance

220,385

206,094

197,092

189,831

178,503

(6%)

(19%)

Equity securities

7,323

7,504

7,413

7,678

7,839

Total investments

452,888

449,400

450,732

444,229

444,164

(2%)

Loans

Consumer(2)

386,312

395,759

398,628

408,533

402,391

(2%)

Corporate(3)

315,744

329,586

335,277

343,697

359,225

14%

Loans, net of unearned income

702,056

725,345

733,905

752,230

761,616

Allowance for credit losses on loans (ACLL)

(18,726)

(19,123)

(19,206)

(19,247)

(19,636)

(2%)

(5%)

Total loans, net

683,330

706,222

714,699

732,983

741,980

Goodwill

19,422

19,878

19,126

19,098

18,997

(1%)

(2%)

Intangible assets (including MSRs)

4,430

4,409

4,330

4,284

4,305

(3%)

Premises and equipment, net of depreciation and amortization

30,814

32,312

32,819

33,339

33,574

Other assets, net of allowance

106,067

116,599

113,116

117,677

110,658

(6%)

Total assets

$ 2,571,514

$ 2,622,772

$ 2,642,475

$ 2,657,202

$ 2,777,687

Liabilities

Non-interest-bearing deposits in U.S. offices

$ 122,472

$ 119,898

$ 116,921

$ 121,610

$ 122,083

Interest-bearing deposits in U.S. offices

562,628

575,709

592,728

613,052

634,812

13%

Total U.S. deposits

685,100

695,607

709,649

734,662

756,895

10%

Non-interest-bearing deposits in offices outside the U.S.

82,215

86,458

83,920

87,041

86,004

(1%)

Interest-bearing deposits in offices outside the U.S.

549,095

575,668

590,360

581,870

603,341

10%

Total international deposits

631,310

662,126

674,280

668,911

689,345

Total deposits

1,316,410

1,357,733

1,383,929

1,403,573

1,446,240

10%

Securities loaned and sold under agreements to repurchase

403,959

347,913

349,726

348,098

369,585

(9%)

Brokerage payables

78,302

90,949

89,596

74,836

111,224

49%

42%

Trading account liabilities

148,688

163,952

160,243

162,798

185,266

14%

25%

Short-term borrowings

49,139

55,560

54,760

51,878

72,056

39%

47%

Long-term debt

295,684

317,761

315,846

315,827

307,566

(3%)

Other liabilities, plus allowances(4)

66,074

74,774

74,498

86,370

73,178

(15%)

11%

Total liabilities

$ 2,358,256

$ 2,408,642

$ 2,428,598

$ 2,443,380

$ 2,565,115

Stockholders' equity

Preferred stock

$ 18,350

$ 16,350

$ 19,050

$ 20,050

$ 19,550

(2%)

Common stock

Additional paid-in capital

108,616

108,839

109,010

108,452

107,821

(1%)

Retained earnings

209,013

211,674

214,034

215,128

219,542

Treasury stock, at cost

(77,880)

(79,886)

(84,932)

(89,473)

(95,370)

(7%)

(22%)

Accumulated other comprehensive income (loss) (AOCI)

(45,722)

(43,786)

(44,170)

(41,897)

(40,615)

11%

Total common equity

$ 194,058

$ 196,872

$ 193,973

$ 192,241

$ 191,409

(1%)

Total Citigroup stockholders' equity

$ 212,408

$ 213,222

$ 213,023

$ 212,291

$ 210,959

(1%)

Noncontrolling interests

850

908

854

1,531

1,613

90%

Total equity

213,258

214,130

213,877

213,822

212,572

(1%)

Total liabilities and equity

$ 2,571,514

$ 2,622,772

$ 2,642,475

$ 2,657,202

$ 2,777,687

March 31, 2026 is preliminary.

Consumer loans include loans managed by USCC, Wealth, and All Other-Legacy Franchises (other than Mexico small business and middle-market banking (Mexico SBMM), and the Assets Finance Group (AFG)).

Corporate loans include loans managed by Services, Markets, Banking, and All Other-Legacy Franchises-Mexico SBMM, and the AFG.

Includes allowance for credit losses for unfunded lending commitments. See page 19.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

1Q 2Q 3Q 4Q 1Q

1Q26 Increase/

(Decrease) from

2025 2025 2025 2025 2026 4Q25 1Q25

Revenues, net of interest expense

Services

$ 5,204

$ 5,430

$ 5,730

$ 6,272

$ 6,103

(3%)

17%

Markets

6,075

5,980

5,745

4,609

7,246

57%

19%

Banking

1,530

1,434

1,647

1,773

1,767

15%

Wealth

2,757

2,814

2,839

2,862

3,065

11%

U.S. Consumer Cards (USCC)

4,567

4,471

4,656

4,564

4,757

All Other-managed basis(1)(2)

1,463

1,716

1,471

(208)

1,682

15%

Reconciling Items-divestiture-related impacts(3)

(177) 2

(1)

Total net revenues-reported

$ 21,596

$ 21,668

$ 22,090

$ 19,871

$ 24,633

24%

14%

Income (loss) from continuing operations

Services

$ 1,849

$ 1,728

$ 2,098

$ 2,512

$ 2,242

(11%)

21%

Markets

1,862

1,824

1,723

856

2,629

207%

41%

Banking

222

267

355

304

(14%)

37%

Wealth

191

385

303

299

432

44%

126%

USCC

838

758

929

884

732

(17%)

(13%)

All Other-managed basis(1)(2)

(839)

(573)

(752)

(2,273)

(388)

83%

54%

Reconciling Items-divestiture-related impacts(3)

(15)

(180)

(777)

(110)

(12)

89%

20%

Income (loss) from continuing operations-reported

4,108

4,033

3,791

2,523

5,939

135%

45%

Discontinued operations

(1)

Net income (loss) attributable to noncontrolling interests

153

200%

256%

Net income (loss)

$ 4,064

$ 4,019

$ 3,752

$ 2,471

$ 5,785

134%

42%

Includes Legacy Franchises and certain unallocated costs of global staff functions (including finance, risk, human resources, legal, and compliance-related costs), other corporate expenses, and unallocated global operations and technology expenses, and income taxes, as well as Corporate Treasury investment activities and discontinued operations.

Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's divestitures of its Asia consumer banking businesses and Mexico Consumer/SBMM (consists of Mexico consumer banking (Mexico Consumer) and Small Business and Middle-Market

Banking (SBMM), collectively (Mexico Consumer/SBMM)) within Legacy Franchises. See pages 12 and 14 for additional information.

Reconciling Items consist of the divestiture-related impacts excluded from All Other on a managed basis. See page 14 for additional information. The Reconciling Items are fully reflected in the various line items in Citi's Consolidated Statement of Income (page 2). See page 14 for additional information.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

2025

2026

(Decrease) from

4Q25 1Q25

Net interest income (including dividends)

$ 3,498

$ 3,630

$ 3,823

$ 4,050

$ 4,143

18%

Fee revenue

Commissions and fees

815

904

880

879

909

12%

Administration and other fiduciary fees

658

752

746

751

763

16%

Total fee revenue

1,473

1,656

1,626

1,630

1,672

14%

Principal transactions

233

124

190

257

263

13%

All other

335

(93%)

Total non-interest revenue

1,706

1,800

1,907

2,222

1,960

(12%)

15%

Total revenues, net of interest expense

5,204

5,430

5,730

6,272

6,103

(3%)

17%

Total operating expenses

2,584

2,679

2,707

2,843

2,935

14%

Net credit losses (recoveries) on loans

(84%)

(50%)

Credit reserve build (release) for loans

(4)

(18)

304%

Provision (release) for credit losses on unfunded lending commitments

(6)

(8)

(11)

(83%)

Provisions for credit losses for other assets and HTM debt securities

286

(15)

(81%)

Provision for credit losses

353

(11)

84%

Income from continuing operations before taxes

2,569

2,398

2,962

3,440

3,074

(11%)

20%

Income taxes

720

670

864

928

832

(10%)

16%

Income from continuing operations

1,849

1,728

2,098

2,512

2,242

(11%)

21%

Noncontrolling interests

(13%)

(7%)

Net income

$ 1,834

$ 1,712

$ 2,081

$ 2,496

$ 2,228

(11%)

21%

EOP assets (in billions)

$ 589

$ 618

$ 627

$ 628

$ 649

10%

Average assets (in billions)

578

593

616

630

637

10%

Efficiency ratio

50%

49%

47%

45%

48%

300 bps

(200) bps

Average allocated TCE (in billions)(1)

$ 33.0

$ 33.5

RoTCE(1)

22.5%

20.8%

25.0%

30.0%

27.0%

(300) bps

450 bps

Revenue by line of business

Net interest income

$ 2,865

$ 2,949

$ 3,121

$ 3,303

$ 3,424

20%

Non-interest revenue

1,064

1,063

1,099

1,182

1,192

12%

Treasury and Trade Solutions (TTS)

3,929

4,012

4,220

4,485

4,616

17%

Net interest income

633

681

702

747

719

(4%)

14%

Non-interest revenue

642

737

808

1,040

768

(26%)

20%

Securities Services

1,275

1,418

1,510

1,787

1,487

(17%)

17%

Total Services

$ 5,204

$ 5,430

$ 5,730

$ 6,272

$ 6,103

(3%)

17%

Revenue by managed geography

North America

$ 1,549

$ 1,660

$ 1,759

$ 1,939

$ 1,976

28%

International

3,655

3,770

3,971

4,333

4,127

(5%)

13%

Total

$ 5,204

$ 5,430

$ 5,730

$ 6,272

$ 6,103

(3%)

17%

Key drivers(2) (in billions of dollars, except as otherwise noted)

Average loans by line of business

TTS

$ 86

$ 93

$ 95

$ 97

13%

Securities Services

100%

Total

$ 87

$ 94

$ 96

$ 99

14%

ACLL as a % of EOP loans(3)

0.30%

0.36%

0.35%

0.33%

0.42%

9 bps

12 bps

NCLs as a % of average loans

0.03%

0.09%

0.05%

0.08%

0.01%

(7) bps

(2) bps

Average deposits by line of business

TTS

$ 690

$ 713

$ 744

$ 780

$ 812

18%

Securities Services

136

144

149

155

149

(4%)

10%

Total

$ 826

$ 857

$ 893

$ 935

$ 961

16%

AUC/AUA (in trillions of dollars)(4)

$ 26.1

$ 28.2

$ 29.7

$ 31.4

$ 31.6

21%

Cross-border transaction value(5)

$ 95.1

$ 101.3

$ 104.8

$ 115.2

$ 106.3

(8%)

12%

U.S. dollar clearing volume (in millions)(6)

42.7

44.3

44.8

45.3

43.9

(3%)

Commercial card spend volume

$ 17.2

$ 17.9

$ 18.4

$ 17.7

$ 18.6

TCE and RoTCE are non-GAAP financial measures. See page 23 for a reconciliation of the summation of the segments' and component's average allocated TCE to Citigroup's total average TCE and Citi's total average stockholders' equity.

Management uses this information in reviewing the segment's results and believes it is useful to investors concerning underlying segment performance and trends.

Excludes loans that are carried at fair value for all periods.

March 31, 2026 is preliminary.

Represents the total value of cross-border foreign exchange payments processed through Citi platforms.

Represents the number of U.S. dollar Clearing Payment instructions processed on behalf of U.S. and foreign-domiciled entities (primarily financial institutions).

NM Not meaningful.

Reclassified to conform to the current period's presentation.

2025

2026

(Decrease) from

4Q25 1Q25

Net interest income (including dividends)

$ 1,924

$ 2,824

$ 2,178

$ 2,761

$ 2,797

45%

Fee revenue

Brokerage and fees

400

399

400

364

478

31%

20%

Investment banking fees(1)

135

106

163

120

(11%)

Other(2)

(4%)

Total fee revenue

587

556

626

541

653

21%

11%

Principal transactions

3,285

2,302

2,737

1,155

3,542

207%

All other

279

298

204

152

254

67%

(9%)

Total non-interest revenue

4,151

3,156

3,567

1,848

4,449

141%

Total revenues, net of interest expense

6,075

5,980

5,745

4,609

7,246

57%

19%

Total operating expenses

3,466

3,508

3,490

3,608

3,835

11%

Net credit losses (recoveries) on loans

142

(12)

(3)

75%

Credit reserve build (release) for loans

(44)

(73)

(52%)

Provision (release) for credit losses on unfunded lending commitments

(8)

(7)

(23)

(229%)

Provisions for credit losses for other assets and HTM debt securities

(5)

(12)

Provision for credit losses

201

108

(104)

(15)

86%

Income (loss) from continuing operations before taxes

2,408

2,364

2,223

1,105

3,426

210%

42%

Income taxes (benefits)

546

540

500

249

797

220%

46%

Income (loss) from continuing operations

1,862

1,824

1,723

856

2,629

207%

41%

Noncontrolling interests

89%

162%

Net income (loss)

$ 1,849

$ 1,803

$ 1,702

$ 838

$ 2,595

210%

40%

EOP assets (in billions)

$ 1,162

$ 1,164

$ 1,179

$ 1,185

$ 1,280

10%

Average assets (in billions)

1,118

1,219

1,229

1,247

1,325

19%

Efficiency ratio

57%

59%

61%

78%

53%

(2,500) bps

(400) bps

Average allocated TCE (in billions)(3)

$ 53.5

$ 56.4

RoTCE(3)

14.0%

13.5%

12.6%

6.2%

18.7%

1,250 bps

470 bps

Revenue by line of business

Fixed Income Markets

$ 4,578

$ 4,388

$ 4,225

$ 3,554

$ 5,166

45%

13%

Equity Markets

1,497

1,592

1,520

1,055

2,080

97%

39%

Total

$ 6,075

$ 5,980

$ 5,745

$ 4,609

$ 7,246

57%

19%

Rates and Currencies

$ 3,116

$ 3,221

$ 2,963

$ 2,449

$ 3,311

35%

Spread Products / Other Fixed Income

1,462

1,167

1,262

1,105

1,855

68%

27%

Total Fixed Income Markets revenues

$ 4,578

$ 4,388

$ 4,225

$ 3,554

$ 5,166

45%

13%

Revenue by managed geography

North America

$ 2,169

$ 2,124

$ 2,270

$ 1,826

$ 2,559

40%

18%

International

3,906

3,856

3,475

2,783

4,687

68%

20%

Total

$ 6,075

$ 5,980

$ 5,745

$ 4,609

$ 7,246

57%

19%

Key drivers(4) (in billions of dollars)

Average loans

$ 128

$ 136

$ 147

$ 152

$ 162

27%

NCLs (annualized) as a % of average loans

0.45%

0.02%

0.18%

(0.03%)

(0.01%)

2 bps

(46) bps

ACLL as a % of EOP loans(5)

0.89%

0.85%

0.78%

0.67%

0 bps

(22) bps

Average trading account assets

$ 474

$ 547

$ 555

$ 556

$ 573

21%

Investment banking fees are primarily composed of underwriting, advisory, loan syndication structuring, and other related financing activity.

Primarily includes other non-brokerage and investment banking fees from customer-driven activities.

Management uses this information in reviewing the segment's results and believes it is useful to investors concerning underlying segment performance and trends.

Excludes loans that are carried at fair value for all periods.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

2025

2026

(Decrease) from

4Q25 1Q25

Net interest income (including dividends)

$ 491

$ 530

$ 562

$ 549

$ 587

20%

Fee revenue

Investment banking fees(1)

1,104

1,058

1,169

1,287

1,232

(4%)

12%

Other(2)

31%

Total fee revenue

1,153

1,117

1,234

1,347

1,296

(4%)

12%

Principal transactions

(90)

(179)

(164)

(119)

(38)

68%

58%

All other

(24)

(34)

(4)

(78)

(225%)

Total non-interest revenue

1,039

904

1,085

1,224

1,180

(4%)

14%

Total revenues, net of interest expense

1,530

1,434

1,647

1,773

1,767

15%

Total operating expenses

1,034

1,137

1,139

1,152

1,240

20%

Net credit losses on loans

(76%)

(82%)

Credit reserve build (release) for loans

137

136

175

29%

124%

Provision (release) for credit losses on unfunded lending commitments

107

(51)

Provisions for credit losses for other assets and HTM debt securities

(5)

100%

Provision for credit losses

214

173

157

176

132

(25%)

(38%)

Income (loss) from continuing operations before taxes

282

124

351

445

395

(11%)

40%

Income taxes (benefits)

52%

Income (loss) from continuing operations

222

267

355

304

(14%)

37%

Noncontrolling interests

(1)

(2)

(3)

(100%)

100%

Net income (loss)

$ 223

$ 93

$ 270

$ 354

$ 304

(14%)

36%

EOP assets (in billions)

$ 147

$ 148

$ 141

$ 140

$ 154

10%

Average assets (in billions)

144

150

149

146

154

Efficiency ratio

68%

79%

69%

65%

70%

500 bps

200 bps

Average allocated TCE (in billions)(3)

$ 9.2

$ 7.8

(15%)

RoTCE(3)

9.8%

4.1%

11.6%

15.3%

15.8%

50 bps

600 bps

Revenue by line of business

Total Investment Banking

$ 1,114

$ 1,073

$ 1,238

$ 1,356

$ 1,326

(2%)

19%

Corporate Lending (excluding gain (loss) on loan hedges)(4)

402

423

453

443

391

(12%)

(3%)

Total Banking revenues (ex-gain (loss) on loan hedges)(4)

1,516

1,496

1,691

1,799

1,717

(5%)

13%

Gain (loss) on loan hedges(4)

(62)

(44)

(26)

257%

Total Banking revenues including gain (loss) on loan hedges(4)

$ 1,530

$ 1,434

$ 1,647

$ 1,773

$ 1,767

15%

Business metrics-investment banking fees

Advisory

$ 424

$ 408

$ 427

$ 649

$ 505

(22%)

19%

Equity underwriting (Equity Capital Markets (ECM))

127

218

174

180

208

16%

64%

Debt underwriting (Debt Capital Markets (DCM))

553

432

568

458

519

13%

(6%)

Total

$ 1,104

$ 1,058

$ 1,169

$ 1,287

$ 1,232

(4%)

12%

Revenue by managed geography

North America

$ 874

$ 648

$ 862

$ 1,023

$ 1,109

27%

International

656

786

785

750

658

(12%)

Total

$ 1,530

$ 1,434

$ 1,647

$ 1,773

$ 1,767

15%

Key drivers(5) (in billions of dollars)

Average loans

$ 82

$ 84

$ 81

$ 79

$ 83

NCLs (annualized) as a % of average loans

0.17%

0.08%

0.04%

0.13%

0.03%

(10) bps

(14) bps

ACLL as a % of EOP loans(6)

1.54%

1.72%

1.83%

2.04%

2.06%

2 bps

52 bps

Investment banking fees are primarily composed of underwriting, advisory, loan syndication structuring, and other related financing activity.

Primarily includes other non-investment banking fees from customer-driven activities.

Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain (loss) on loan hedges includes the mark-to-market on the credit derivatives, partially offset by the mark-to-market on the loans in the portfolio that are at fair value. Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio. The fixed premium costs of these hedges are netted against the corporate lending revenues to reflect the cost of credit protection. Citigroup's results of operations excluding the impact of

gain (loss) on loan hedges are non-GAAP financial measures.

Management uses this information in reviewing the segment's results and believes it is useful to investors concerning underlying segment performance and trends.

Excludes loans that are carried at fair value for all periods.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

(Decrease) from

2025

2026

4Q25 1Q25

Net interest income

$ 1,831

$ 1,902

$ 2,018

$ 2,095

4% 14%

Fee revenue

Commissions and fees

484

454

494

465

543

17% 12%

Other(1)

247

246 232

238

207

(13%)

(16%)

Total fee revenue

731

700

726

703

750

All other(2)

195

283

211

141

220

56%

13%

Total non-interest revenue

926

983

937

844

970

15%

Total revenues, net of interest expense

2,757

2,814

2,839

2,862

3,065

11%

Total operating expenses

2,390

2,313

2,375

2,377

2,415

Net credit losses on loans

10%

31%

Credit reserve build (release) for loans

(65)

(16)

117%

(80%)

Provision (release) for credit losses on unfunded lending commitments

(1)

(100%)

100%

Provisions for benefits and claims (PBC), and other assets

(4)

(1)

100%

Provisions for credit losses and for PBC

126

101

16%

(20%)

Income from continuing operations before taxes

241

494

391

398

549

38%

128%

Income taxes

109

117

18%

134%

Income from continuing operations

191

385

303

299

432

44%

126%

Noncontrolling interests

Net income

$ 191

$ 385

$ 303

$ 299

$ 432

44%

126%

EOP assets (in billions)

$ 301

$ 308

$ 313

$ 316

$ 320

Average assets (in billions)

301

305

315

325

321

(1%)

Efficiency ratio

87%

82%

84%

83%

79%

(400) bps

(800) bps

Average allocated TCE (in billions)(3)

$ 15.4

$ 16.2

RoTCE(3)

5.0%

10.0%

7.8%

7.7%

10.8%

310 bps

580 bps

Revenue by line of business

Citigold and Retail Banking

$ 1,825

$ 1,862

$ 1,969

$ 2,010

$ 2,062

13%

Private Bank

664

731

656

625

757

21%

14%

Wealth at Work

268

221

214

227

246

(8%)

Total

$ 2,757

$ 2,814

$ 2,839

$ 2,862

$ 3,065

11%

Revenue by managed geography

North America

$ 1,734

$ 1,729

$ 1,741

$ 1,825

$ 1,893

International

1,023

1,085

1,098

1,037

1,172

13%

15%

Total

$ 2,757

$ 2,814

$ 2,839

$ 2,862

$ 3,065

11%

Client investment assets(5)(6)(7)

$ 595

$ 635

$ 660

$ 670

$ 676

14%

Deposits

401

400

408

413

418

Loans

196

200

202

204

205

Total

$ 1,192

$ 1,235

$ 1,270

$ 1,287

$ 1,299

Net new investment assets (NNIA)(7)(8)

$ 16.5

$ 2.0

$ 18.6

$ 7.2

$ 14.7

104%

(11%)

Average deposits

399

398

405

407

414

Average loans

194

197

201

203

205

ACLL as a % of EOP loans(9)

0.38%

0.34%

0.33%

0 bps

(5) bps

NCLs (annualized) as a % of average loans

0.14%

0.15%

0.18%

0.16%

0.17%

1 bps

3 bps

U.S. Retail Banking branches (actual)

644

650

653

655

Primarily related to fiduciary and administrative fees.

Primarily related to principal transactions revenue including FX translation.

Management uses this information in reviewing the segment's results and believes it is useful to investors concerning underlying segment performance and trends.

Includes assets under management, and trust and custody assets.

Beginning in 1Q26, Client investment assets include an additional approximate $10 billion associated with the value of client insurance policies that were not previously reported.

March 31, 2026 is preliminary.

Represents investment asset inflows, including dividends, interest and distributions, less investment asset outflows.

Excludes loans that are carried at fair value for all periods.

NM Not meaningful.

2025

2026

4Q25

1Q25

Net interest income

$ 4,984

$ 4,918

$ 5,124

$ 5,143

$ 5,116

(1%)

Fee revenue

Interchange fees(1)

2,285

2,459

2,448

2,526

2,404

(5%)

Card rewards and partner payments

(2,821)

(3,008)

(3,031)

(3,215)

(2,897)

10%

(3%)

Other(1)

103

114

112

(2%)

17%

Total fee revenue

(440)

(446)

(469)

(575)

(381)

34%

13%

All other(2)

(1)

(4) 22

(4%)

Total non-interest revenue

(417)

(447)

(468)

(579)

(359)

38%

14%

Total revenues, net of interest expense

4,567

4,471

4,656

4,564

4,757

Total operating expenses

1,691

1,626

1,644

1,794

1,711

(5%)

Net credit losses on loans

1,954

1,856

1,741

1,739

1,742

(11%)

Credit reserve build (release) for loans

(174)

(5)

(117)

Provision (release) for credit losses on unfunded lending commitments(3)

272

Provisions for benefits and claims (PBC), and other assets

(33%)

Provisions for credit losses and for PBC

1,783

1,852

1,799

1,624

2,092

29%

17%

Income from continuing operations before taxes

1,093

993

1,213

1,146

954

(17%)

(13%)

Income taxes

255

235

284

262

222

(15%)

(13%)

Income from continuing operations

838

758

929

884

732

(17%)

(13%)

Noncontrolling interests

Net income

$ 838

$ 758

$ 929

$ 884

$ 732

(17%)

(13%)

EOP assets (in billions)

$ 167

$ 171

$ 178

$ 171

(4%)

Average assets (in billions)

169

168

171

173

172

(1%)

Efficiency ratio

37%

36%

35%

39%

36%

(300) bps

(100) bps

Average allocated TCE (in billions)(4)

$ 20.3

$ 15.5

(24%)

RoTCE(4)

16.7%

15.0%

18.2%

17.3%

19.2%

190 bps

250 bps

Key drivers(5) (in billions)

Average loans

$ 168

$ 171

$ 172

$ 171

(1%)

ACLL as a % of EOP loans

8.29%

8.08%

8.09%

7.74%

8.09%

35 bps

(20) bps

NCLs (annualized) as a % of average loans

4.72%

4.43%

4.05%

4.00%

4.12%

12 bps

(60) bps

Revenue rate(6)

11.02%

10.67%

10.80%

10.53%

11.28%

75 bps

26 bps

NII(7) (annualized) as a % of average loans

12.03%

11.74%

11.89%

11.86%

12.13%

27 bps

10 bps

Primarily includes credit card-related fees.

Primarily related to revenue incentives from card networks.

1Q26 includes a reserve build related to the forward purchase commitment of the Barclays American Airlines co-branded card portfolio.

Management uses this information in reviewing the segment's results and believes it is useful to investors concerning underlying segment performance and trends.

Total revenues, net of interest expense (annualized) as a % of average loans.

Net interest income includes certain fees that are recorded as interest revenue.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

USCC

Metrics

1Q26 Increase/

(Decrease) from

Key drivers(1) (in billions of dollars, except as otherwise noted)

2025

2026

4Q25 1Q25

New credit cards account acquisitions (in thousands)

General Purpose Credit Cards (GPCC)(2)

1,696

1,704

1,872

2,115

1,899

(10%) 12%

Private Label Credit Cards (PLCC)(3)

1,144

1,551

1,339

1,572

1,043

(34%) (9%)

Credit card spend volume

GPCC $ 133.2

$ 144.8

$ 144.5

$ 152.4

$ 141.5

(7%)

PLCC 10.9

13.9

12.6

13.9

10.5

(24%)

(4%)

Average loans(4)

GPCC

$ 133.6

$ 134.4

$ 136.8

$ 138.6

PLCC

30.6

30.1

30.0

29.8

28.9

(3%)

(6%)

Installment Lending

3.8

3.7

3.9

3.8

(3%)

EOP loans(4)

GPCC

$ 132.9

$ 136.8

$ 137.7

$ 143.2

$ 138.7

(3%)

PLCC

29.9

30.4

29.8

30.5

28.3

(7%)

(5%)

Installment Lending

3.7

3.8

NCLs as a % of average loans

GPCC

4.45%

4.20%

3.85%

3.78%

3.87%

9 bps

(58) bps

PLCC

5.71%

5.18%

4.67%

4.77%

5.05%

28 bps

(66) bps

Installment Lending

6.19%

6.29%

6.43%

6.00%

6.19%

19 bps

0 bps

Loans 90+ days past due as a % of EOP loans

GPCC

1.42%

1.30%

1.27%

1.32%

1.39%

7 bps

(3) bps

PLCC

2.23%

2.00%

2.08%

2.13%

2.15%

2 bps

(8) bps

Installment Lending

0.49%

0.57%

0.58%

0.55%

(3) bps

6 bps

Loans 30-89 days past due as a % of EOP loans

GPCC

1.21%

1.12%

1.21%

1.23%

1.20%

(3) bps

(1) bps

PLCC

2.04%

1.89%

2.07%

1.99%

1.98%

(1) bps

(6) bps

Installment Lending

1.41%

1.35%

1.26%

1.37%

1.42%

5 bps

1 bps

Management uses this information in reviewing the segment's results and believes it is useful to investors concerning underlying segment performance and trends.

General Purpose Credit Cards (GPCC). Consists of consumer credit cards that operate on established payment networks and are accepted by a wide variety of merchants and service providers.

Private Label Credit Cards (PLCC). Consists of consumer credit cards that are issued for use with a specific retailer or its affiliates and are limited to purchases of that retailer's goods and services.

GPCC and PLCC average loans, EOP loans, and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

Reclassified to conform to the current period's presentation.

(In millions of dollars, except as otherwise noted)

1Q 2Q 3Q 4Q 1Q

1Q26 Increase/

(Decrease) from

2025

2026

4Q25

1Q25

Net interest income

$ 1,284

$ 1,442

$ 1,351

$ 1,144

$ 1,003

(12%)

(22%)

Non-interest revenue(4)(5)

179

274

120

(1,352)

679

279%

Total revenues, net of interest expense

1,463

1,716

1,471

(208)

1,682

15%

Total operating expenses(5)(6)(7)(8)(9)

2,226

2,277

2,169

2,026

2,144

(4%)

Net credit losses on loans

256

297

341

371

45%

Credit reserve build (release) for loans

(83%)

(82%)

Provision (release) for credit losses on unfunded lending commitments

(1)

(6)

(3)

(200%)

Provisions for benefits and claims (PBC), other assets and HTM debt securities

(39%)

Provisions for credit losses and for PBC

359

374

331

449

400

(11%)

11%

Income (loss) from continuing operations before taxes

(1,122)

(935)

(1,029)

(2,683)

(862)

68%

23%

Income taxes (benefits)

(283)

(362)

(277)

(410)

(474)

(16%)

(67%)

Income (loss) from continuing operations

(839)

(573)

(752)

(2,273)

(388)

83%

54%

Income (loss) from discontinued operations, net of taxes

(1)

Noncontrolling interests

(21)

105

Net income (loss)

$ (856)

$ (552)

$ (756)

$ (2,290)

$ (494)

78%

42%

EOP assets (in billions)

$ 206

$ 214

$ 211

$ 210

$ 204

(3%)

(1%)

Average assets (in billions)

207

213

209

202

208

Efficiency ratio

152%

133%

147%

(974%)

127%

Average allocated TCE (in billions)(10)

$ 37.9

$ 40.7

$ 40.9

$ 39.0

$ 39.8

Revenue by line of business

Mexico Consumer/SBMM

$ 1,467

$ 1,536

$ 1,722

$ 1,775

$ 2,054

16%

40%

Asia Consumer(4)(11)

135

155

149

(1,434)

105

(22%)

Legacy Holdings Assets (LHA)

(12)

(89%)

Corporate/Other

(158)

(400)

(537)

(479)

11%

(203%)

Total

$ 1,463

$ 1,716

$ 1,471

$ (208)

$ 1,682

15%

Mexico Consumer/SBMM-key indicators (in billions of dollars)

EOP loans

$ 24.1

$ 26.8

$ 28.5

$ 30.0

$ 30.6

27%

EOP deposits

35.3

38.4

40.6

43.8

24%

Average loans

23.7

25.5

27.2

29.2

30.7

30%

NCLs as a % of average loans (Mexico Consumer only)

5.51%

5.28%

5.46%

5.91%

6.37%

46 bps

86 bps

Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)

1.41%

1.58%

1.60%

1.72%

1.71%

(1) bps

30 bps

Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)

1.46%

1.52%

1.58%

1.59%

1.64%

5 bps

18 bps

Asia Consumer-key indicators (in billions of dollars)(12)(13)

EOP loans

$ 4.5

$ 3.0

$ 2.7

$ 2.5

$ 2.2

(12%)

(51%)

EOP deposits

7.4

1.5

1.3

1.1

0.9

(18%)

(88%)

Average loans

4.7

4.0

2.8

2.6

2.4

(8%)

(49%)

Legacy Holdings Assets-key indicators (in billions of dollars)

EOP loans

$ 2.2

$ 2.1

$ 1.8

$ 1.7

(6%)

(23%)

Includes Legacy Franchises (see page 12 for details) and certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance-related costs), other corporate expenses, and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury investment activities and discontinued operations.

The results of operations, as well as certain disclosed balance sheet information, for Mexico Consumer/SBMM are presented on a managerial view and include certain intercompany allocations, managerial charges, and offshore expenses that reflect the Mexico Consumer/SBMM operations as a component of Citi's consolidated operations. The Mexico Consumer/SBMM results are therefore not intended to reflect, and may differ (significantly) from, Banamex's results and operations as a standalone legal entity.

Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's divestitures of its Asia consumer banking businesses and Mexico Consumer/SBMM within Legacy Franchises. See page 14 for additional information.

Certain of the results of operations of All Other-managed basis are non-GAAP financial measures. See page 14 for additional information.

In 4Q25, Citigroup recognized an approximate $1.2 billion loss recorded in revenue (approximately $1.1 billion after-tax) related to the loss on sale of the announced move to held-for-sale of AO Citibank (Russia). The sale closed on February 18, 2026. The loss on sale consists of (($1.556) billion) (($1.506) billion after-tax) in Legacy Franchises

and (($32) million) in Corporate/Other, partially offset by $356 million in Services, $19 million in Markets and $40 million in Banking. The only tax impact ($50 million tax benefit) was recorded in Legacy Franchises. For additional information, see Citi's Form 8-K filed on December 29, 2025.

See footnote 2 on page 14.

See footnote 3 on page 14.

See footnote 4 on page 14.

See footnote 5 on page 14.

See footnote 6 on page 14.

TCE is a non-GAAP financial measure. See page 23 for a reconciliation of the summation of the segments' and component's average allocated TCE.

Asia Consumer includes revenues from the Poland and Russia consumer banking businesses.

Asia Consumer also includes loans and deposits in Poland (through 1Q25) and Russia.

The key indicators for Asia Consumer also reflect the reclassification of loans and deposits to Other assets and Other liabilities under HFS accounting on Citi's Consolidated Balance Sheet beginning in 2Q25.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

(In millions of dollars, except as otherwise noted)

1Q 2Q 3Q 4Q 1Q

1Q26 Increase/

(Decrease) from

2025

2025 2025

2025

2026

4Q25

1Q25

Net interest income

$ 1,167

$ 1,271 $ 1,338

$ 1,379

$ 1,479

27%

Non-interest revenue(4)(5)

454

420 533

(1,050)

682

50%

Total revenues, net of interest expense

1,621

1,691 1,871

329

2,161

33%

operating expenses(5)(6)(7)(8)(9)

1,334

1,287

1,320

1,222

1,324

(1%)

Net credit losses on loans

256

297

341

371

45%

Credit reserve build (release) for loans

(83%)

(82%)

Provision (release) for credit losses on unfunded lending commitments

(1)

(6)

(3)

(200%)

Total

Provisions for benefits and claims (PBC), other assets and HTM debt securities

(3%)

(7%)

Provisions for credit losses and for PBC

358

371

327

447

409

(9%)

14%

Income (loss) from continuing operations before taxes

(71)

224

(1,340)

428

Income taxes (benefits)

(25)

(5)

147

137

(7%)

Income (loss) from continuing operations

(46)

158

(1,487)

291

Noncontrolling interests

(22)

114

Net income (loss)

$ (60)

$ 60

$ 155

$ (1,496)

$ 177

EOP assets (in billions)

$ 77

$ 83

$ 86

$ 87

13%

Average assets (in billions)

14%

Efficiency ratio

82%

76%

71%

371%

61%

Average allocated TCE (in billions)(10)

$ 5.1

$ 5.7

12%

Revenue by line of business

Mexico Consumer/SBMM(3)

$ 1,467

$ 1,536

$ 1,722

$ 1,775

$ 2,054

16%

40%

Asia Consumer(4)(11)

135

155

149

(1,434)

105

(22%)

Legacy Holdings Assets (LHA)

(12)

(89%)

Total

$ 1,621

$ 1,691

$ 1,871

$ 329

$ 2,161

33%

Mexico Consumer/SBMM(3)-key indicators (in billions of dollars)

EOP loans

$ 24.1

$ 26.8

$ 28.5

$ 30.0

$ 30.6

27%

EOP deposits

35.3

38.4

40.6

43.8

24%

Average loans

23.7

25.5

27.2

29.2

30.7

30%

NCLs as a % of average loans (Mexico Consumer only)

5.51%

5.28%

5.46%

5.91%

6.37%

46 bps

86 bps

Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)

1.41%

1.58%

1.60%

1.72%

1.71%

(1) bps

30 bps

Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)

1.46%

1.52%

1.58%

1.59%

1.64%

5 bps

18 bps

Asia Consumer-key indicators (in billions of dollars)(12)(13)

EOP loans

$ 4.5

$ 3.0

$ 2.7

$ 2.5

$ 2.2

(12%)

(51%)

EOP deposits

7.4

1.5

1.3

1.1

0.9

(18%)

(88%)

Average loans

4.7

4.0

2.8

2.6

2.4

(8%)

(49%)

Legacy Holdings Assets-key indicators (in billions of dollars)

EOP loans

$ 2.2

$ 2.1

$ 1.8

$ 1.7

(6%)

(23%)

Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's divestitures of its Asia consumer banking businesses and Mexico Consumer/SBMM within Legacy Franchises. See page 14 for additional information.

Certain of the results of operations of All Other-managed basis are non-GAAP financial measures. See page 14 for additional information.

Legacy Franchises consists of the consumer franchises in 13 markets across Asia, Poland and Russia that Citi has exited or intends to exit (collectively Asia Consumer); Mexico Consumer/SBMM (consists of Mexico consumer banking (Mexico Consumer) and Small Business and Middle-Market Banking (SBMM), collectively (Mexico Consumer/SBMM)); and Legacy Holdings Assets (North America consumer mortgage loans, Citigroup's U.K. consumer banking business and other legacy assets).

See footnote 2 on page 14.

See footnote 3 on page 14.

See footnote 4 on page 14.

See footnote 5 on page 14.

See footnote 6 on page 14.

TCE is a non-GAAP financial measure. See page 23 for a reconciliation of the summation of the segments' and component's average allocated TCE.

Asia Consumer includes revenues from the Poland and Russia consumer banking businesses.

Asia Consumer also includes loans and deposits in Poland (through 1Q25) and Russia.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

(In millions of dollars, except as otherwise noted)

2025

2Q 3Q

2025 2025

2025

2026

1Q26 Increase/

(Decrease) from

4Q25 1Q25

Net interest income

$ 117

$ 171

$ 13

$ (235)

$ (476)

(103%)

Non-interest revenue

(275)

(146)

(413)

(302)

(3)

99%

Total revenues, net of interest expense

(158)

(400)

(537)

(479)

11%

(203%)

Total operating expenses

892

990

849

804

820

(8%)

Provisions for other assets, HTM debt securities and other

(9)

Income (loss) from continuing operations before taxes

(1,051)

(968)

(1,253)

(1,343)

(1,290)

(23%)

Income taxes (benefits)

(258)

(357)

(343)

(557)

(611)

(10%)

(137%)

Income (loss) from continuing operations

(793)

(611)

(910)

(786)

(679)

14%

Income (loss) from discontinued operations, net of taxes

(1)

Noncontrolling interests

(9)

Net income (loss)

$ (796)

$ (612)

$ (911)

$ (794)

$ (671)

15%

16%

EOP assets (in billions)

$ 129

$ 131

$ 125

$ 124

$ 117

(6%)

(9%)

Average allocated TCE (in billions)(2)

32.8

35.6

35.8

33.9

34.1

Includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance-related costs), other corporate expenses and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury investment activities and discontinued operations.

TCE is a non-GAAP financial measure. See page 23 for a reconciliation of the summation of the segments' and component's average allocated TCE.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

(In millions of dollars, except as otherwise noted)

(Decrease) from

Net interest income

Non-interest revenue(2)

$ -

(177)

$ -

(1)

$ -

Total revenues, net of interest expense

(177)

(1)

Total operating expenses(2)(3)(4)(5)(6)

766

(23%)

(9%)

Net credit losses on loans

(3)

(2)

Credit reserve build (release) for loans

(11)

(100%)

100%

Provision (release) for credit losses on unfunded lending commitments

Provisions for benefits and claims (PBC), other assets and HTM debt securities

Provisions for credit losses and for PBC

(11)

(3)

(1)

Income (loss) from continuing operations before taxes

(23)

(219)

(761)

(40)

(19)

53%

17%

Income taxes (benefits)

(8)

(39)

(7)

13%

Income (loss) from continuing operations

(15)

(180)

(777)

(110)

(12)

89%

20%

Income (loss) from discontinued operations, net of taxes

Noncontrolling interests

Net income (loss)

$ (15)

$ (180)

$ (777)

$ (110)

$ (12)

89%

20%

Reconciling Items consist of the divestiture-related impacts excluded from the results of All Other, as well as All Other-Legacy Franchises on a managed basis. The Reconciling Items are fully reflected in Citi's Consolidated Statement of Income on page 2 for each respective line item.

2Q25 includes (i) an approximate $186 million loss recorded in revenue (approximately $157 million after-tax) related to the announced sale of the Poland consumer banking business; and (ii) approximately $37 million in operating expenses (approximately $26 million after-tax) primarily related to

separation costs in Mexico. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025.

1Q25 includes approximately $34 million in operating expenses (approximately $23 million after-tax), largely related to separation costs in Mexico

and severance costs in the Asia exit markets. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025.

3Q25 includes approximately $766 million in operating expenses (approximately $744 million after-tax), driven by a goodwill impairment charge in Mexico ($726 million ($714 million after-tax)) and separation costs in Mexico. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025.

4Q25 includes approximately $40 million in operating expenses (approximately $28 million after-tax), primarily related to separation costs in Mexico. For additional information, see Citi's Annual Report on Form 10-K for the year ended December 31, 2025.

1Q26 includes approximately $31 million in operating expenses (approximately $23 million after-tax), primarily related to separation costs in Mexico.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

(In millions of dollars, except as otherwise noted)

1Q25

4Q25

1Q26(5)

1Q25

4Q25

1Q26(5)

1Q25

4Q25

1Q26(5)

Assets

Deposits with banks

$ 280,566

$ 333,848

$ 344,971

$ 3,001

$ 3,190

$ 3,194

4.34%

3.79%

3.75%

Securities borrowed and purchased under resale agreements(6)

362,140

364,353

394,172

6,291

7,047

6,681

7.05%

7.67%

6.87%

Trading account assets(7)

437,378

523,690

535,116

4,370

5,317

4,897

4.05%

4.03%

3.71%

Investments

459,354

447,982

443,526

4,175

4,192

4,028

3.69%

3.71%

3.68%

Consumer loans

386,690

401,451

403,807

9,758

10,121

9,977

10.23%

10.00%

10.02%

Corporate loans

304,047

335,263

351,398

4,985

5,286

5,269

6.65%

6.26%

6.08%

Total loans (net of unearned income)(8)

690,737

736,714

755,205

14,743

15,407

15,246

8.66%

8.30%

8.19%

Other interest-earning assets

75,982

96,860

123,549

1,112

1,521

1,496

5.94%

6.23%

4.91%

Total average interest-earning assets

$ 2,306,157

$ 2,503,447

$ 2,596,539

$ 33,692

$ 36,674

$ 35,542

5.92%

5.81%

5.55%

Liabilities

Deposits

$ 1,103,768

$ 1,218,253

$ 1,236,277

$ 8,438

$ 8,680

$ 8,253

3.10%

2.83%

2.71%

Securities loaned and sold under repurchase agreements(6)

372,193

384,902

412,607

6,256

7,101

6,598

6.82%

7.32%

6.49%

Trading account liabilities(7)

91,169

103,820

118,413

757

753

769

3.37%

2.88%

2.63%

Short-term borrowings and other interest-bearing liabilities

130,654

154,999

185,229

1,726

1,907

1,832

5.36%

4.88%

4.01%

Long-term debt(9)

175,021

186,846

184,573

2,477

2,543

2,320

5.74%

5.40%

5.10%

Total average interest-bearing liabilities

$ 1,872,805

$ 2,048,820

$ 2,137,099

$ 19,654

$ 20,984

$ 19,772

4.26%

4.06%

3.75%

Interest income and Net interest income include the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $26 million for 1Q25, $25 million for 4Q25 and $29 million for 1Q26.

Citigroup average balances and interest rates include both domestic and international operations.

Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

Average rate percentage is calculated as annualized interest over average volumes.

March 31, 2026 is preliminary.

Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

Interest expense on Trading account liabilities of Services, Markets, and Banking is reported as a reduction of Interest income. Interest income and Interest expense on cash collateral positions are reported in Trading account assets and Trading account liabilities, respectively.

Nonperforming loans are included in the average loan balances.

Excludes hybrid financial instruments with changes in fair value recorded in Principal transactions revenue.

Reclassified to conform to the current period's presentation.

(Decrease) from

2025

2026

4Q25

1Q25

Corporate loans by region

North America

$ 138.7

$ 146.5

$ 150.1

$ 155.2

$ 163.6

18%

International

177.0

183.1

185.2

188.5

195.6

11%

Total corporate loans

$ 315.7

$ 329.6

$ 335.3

$ 343.7

$ 359.2

14%

Corporate loans by segment and reporting unit

Services

$ 98.0

$ 96.4

$ 99.4

$ 99.5

$ 101.5

Markets

129.8

144.3

149.7

159.4

165.2

27%

Banking

81.4

81.9

78.8

77.2

84.6

10%

All Other-Legacy Franchises-Mexico SBMM and AFG(3)

6.5

7.0

7.4

7.6

7.9

22%

Total corporate loans

$ 315.7

$ 329.6

$ 335.3

$ 343.7

$ 359.2

14%

Wealth by region

North America

$ 144.9

$ 147.3

$ 148.2

$ 150.2

$ 150.4

International

50.6

52.7

53.5

54.1

54.6

Total

$ 195.5

$ 200.0

$ 201.7

$ 204.3

$ 205.0

USCC

GPCC

$ 132.9

$ 136.8

$ 137.7

$ 143.2

$ 138.7

(3%)

PLCC

29.9

30.4

29.8

30.5

28.3

(7%)

(5%)

Installment Lending

3.7

3.8

Total

$ 166.5

$ 170.9

$ 171.3

$ 177.5

$ 170.8

(4%)

All Other-Consumer

Mexico Consumer

$ 17.9

$ 20.0

$ 21.2

$ 22.5

$ 22.8

27%

Asia Consumer(4)

4.5

3.0

2.7

2.5

2.2

(12%)

(51%)

Legacy Holdings Assets (LHA)

1.9

1.7

1.6

(6%)

(16%)

Total

$ 24.3

$ 24.9

$ 25.6

$ 26.7

$ 26.6

Total consumer loans

$ 386.3

$ 395.8

$ 398.6

$ 408.5

$ 402.4

(2%)

Total loans-EOP

$ 702.1

$ 725.3

$ 733.9

$ 752.2

$ 761.6

Total loans-average

$ 690.7

$ 712.2

$ 725.0

$ 736.7

$ 755.2

NCLs as a % of total average loans

1.44%

1.26%

1.21%

1.18%

1.19%

1 bps

(25) bps

Corporate loans include loans managed by Services, Markets, Banking, and All Other-Legacy Franchises-Mexico SBMM, and the AFG.

Consumer loans include loans managed by USCC, Wealth, and All Other-Legacy Franchises (other than Mexico SBMM, and the AFG).

Includes Legacy Franchises corporate loans activity related to Mexico SBMM and AFG (AFG was previously reported in Markets; all periods have been reclassified to reflect this move into Legacy Franchises), as well as other LHA corporate loans.

Asia Consumer also includes loans in Poland (through 1Q25) and Russia.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

(Decrease) from

2025

2026

4Q25

1Q25

Services, Markets, and Banking by region (institutional)

North America

$ 406.3

$ 414.4

$ 428.3

$ 452.9

$ 478.5

18%

International

444.4

477.2

483.1

481.3

499.3

12%

Total

$ 850.7

$ 891.6

$ 911.4

$ 934.2

$ 977.8

15%

Treasury and Trade Solutions

$ 692.1

$ 726.4

$ 740.0

$ 779.4

$ 804.5

16%

Securities Services

140.9

148.1

151.3

138.4

155.2

12%

10%

Services

$ 833.0

$ 874.5

$ 891.3

$ 917.8

$ 959.7

15%

Markets

17.2

16.7

19.3

16.0

17.7

11%

Banking

0.5

0.4

0.8

0.4

(20%)

Total

$ 850.7

$ 891.6

$ 911.4

$ 934.2

$ 977.8

15%

Wealth

North America

$ 278.7

$ 277.3

$ 278.5

$ 285.6

$ 285.8

International

122.4

123.1

129.2

126.9

132.1

Total

$ 401.1

$ 400.4

$ 407.7

$ 412.5

$ 417.9

All Other

Legacy Franchises Mexico Consumer

$ 25.6

$ 28.5

$ 29.7

$ 33.3

$ 32.6

(2%)

27%

Mexico SBMM-corporate

9.7

9.9

10.9

10.5

11.2

15%

Asia Consumer(1)

7.4

1.5

1.3

1.1

0.9

(18%)

(88%)

Legacy Holdings Assets (LHA)(2)

0.1

Corporate/Other

21.8

25.7

22.8

11.9

5.7

(52%)

(74%)

Total

$ 64.6

$ 65.7

$ 64.8

$ 56.9

$ 50.5

(11%)

(22%)

Total deposits-EOP

$ 1,316.4

$ 1,357.7

$ 1,383.9

$ 1,403.6

$ 1,446.2

10%

Total deposits-average

$ 1,305.0

$ 1,342.8

$ 1,382.2

$ 1,422.3

$ 1,446.4

11%

Asia Consumer also includes deposits in Poland (through 1Q25) and Russia.

LHA includes deposits from the U.K. consumer banking business.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Balance

Builds (Releases)

FY 2025

FX/Other

Balance

Builds (Releases)

YTD 2026

FX/Other(1)

Balance

3/31/26

Loans

3/31/26

12/31/24

1Q25

2Q25

3Q25 4Q25

FY 2025

12/31/25

1Q26

$ 264

$ 24

$ 53

$ (4) $ (18)

$ 55

$ 8

$ 327

$ 97

$ 1

$ 425

0.95%

8.02%

4.05%

2.61%

1,030

(44) (73)

(16)

1,027

(6)

1,044

1,167

137

38 136

389

1,578

175

(11)

1,742

(12) 6

121

128

$ 2,556

$ 154

$ 259 $ (22) $ 51

$ 442

$ 55

$ 3,053

$ 299

$ (13)

$ 3,339

$ 13,560

$ (169)

$ (12)

$ 44 $ (102)

$ (239)

$ 3

$ 13,324

$ 78

$ (2)

$ 13,400

425

(5)

11 (15)

(2)

(1)

422

(2)

420

$ 13,985

$ (174)

$ (5)

$ 55 $ (117)

$ (241)

$ 2

$ 13,746

$ 76

$ (2)

$ 13,820

673

(65)

(16) 6

(11)

669

(1)

681

1,360

28 70

210

209

1,779

1,796

$ 16,018

$ (52)

$ (16) $ 67 $ (41)

$ (42)

$ 218

$ 16,194

$ 98

$ 5

$ 16,297

$ 18,574

$ 102

$ 243 $ 45 $ 10

$ 400

$ 273

$ 19,247

$ 397

$ (8)

$ 19,636

$ 1,601

$ 108

$ (19)

$ 100 $ 13

$ 202

$ 30

$ 1,833

$ 184

$ (4)

$ 2,013

20,175

210

224

145 23

602

303

21,080

581

(12)

21,649

2,002

388

74 (17)

479

(2,188)

293

302

$ 22,177

$ 244

$ 612 $ 219 $ 6

$ 1,081

$ (1,885)

$ 21,373

$ 584

$ (6)

$ 21,951

Services Markets Banking

Legacy Franchises corporate (Mexico SBMM and AFG(2))

U.S. Cards Installment lending

Total USCC

Wealth

All Other-consumer

Allowance for credit losses on unfunded lending commitments (ACLUC)(3)

Total ACLL and ACLUC Other(4)(5)

Primarily includes FX translation on the EOP ACL balances.

See footnote 3 on page 16.

1Q26 includes a reserve build related to the forward purchase commitment of the Barclays American Airlines co-branded card portfolio.

Includes ACL activity on HTM securities and Other assets.

The decrease in the Other ACL at December 31, 2025 represents the held-for-sale accounting treatment for AO Citibank (Russia), wherein the assets and liabilities of AO Citibank were reclassified to Other assets and Other liabilities.

Reclassified to conform to the current period's presentation.

(In millions of dollars)

(Decrease) from

Total Citigroup

Allowance for credit losses on loans (ACLL) at beginning of period

$ 18,574

$ 18,726

$ 19,123

$ 19,206

$ 19,247

Gross credit (losses) on loans

(2,926)

(2,723)

(2,726)

(2,724)

(2,820)

(4%)

Gross recoveries on loans

467

489

512

534

612

15%

31%

Net credit (losses) / recoveries on loans (NCLs)

(2,459)

(2,234)

(2,214)

(2,190)

(2,208)

(10%)

Replenishment of NCLs

2,459

2,234

2,214

2,190

2,208

(10%)

Net reserve builds / (releases) for loans

102

243

397

289%

Provision for credit losses on loans (PCLL)

2,561

2,477

2,259

2,200

2,605

18%

Other, net(1)(2)(3)(4)(5)(6) 50 154 38 31 (8) NM NM

ACLL at end of period (a)

$ 18,726

$ 19,123

$ 19,206

$ 19,247

$ 19,636

Allowance for credit losses on unfunded lending commitments (ACLUC)(7)(8) (a)

$ 1,720

$ 1,721

$ 1,820

$ 1,833

$ 2,013

10%

17%

Provision (release) for credit losses on unfunded lending commitments(8)

$ 108

$ (19)

$ 100

$ 13

$ 184

70%

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]

$ 20,446

$ 20,844

$ 21,026

$ 21,080

$ 21,649

Total ACLL as a % of total loans(9)

2.70%

2.67%

2.65%

2.58%

2.61%

3 bps

(9) bps

Total NCLs (annualized) as a % of average loans

1.44%

1.26%

1.21%

1.18%

1.19%

1 bps

(25) bps

Consumer

ACLL at beginning of period

$ 16,018

$ 16,001

$ 16,100

$ 16,205

$ 16,194

NCLs

(2,277)

(2,185)

(2,122)

(2,148)

(2,200)

(3%)

Replenishment of NCLs

2,277

2,185

2,122

2,148

2,200

(3%)

Net reserve builds / (releases) for loans

(52)

(16)

(41)

Provision for credit losses on loans (PCLL)

2,225

2,169

2,189

2,107

2,298

Other, net(1)(2)(3)(4)(5)(6) 35 115 38 30 5 (83%) (86%)

ACLL at end of period (b)

$ 16,001

$ 16,100

$ 16,205

$ 16,194

$ 16,297

Consumer ACLUC(7)(8) (b)

$ 31

$ 24

$ 20

$ 24

$ 297

Provision (release) for credit losses on unfunded lending commitments(8)

$ (3)

$ (1)

$ (4)

$ 3

$ 274

Total allowance for credit losses on loans, leases and

unfunded lending commitments [sum of (b)]

$ 16,032

$ 16,124

$ 16,225

$ 16,218

$ 16,594

Consumer ACLL as a % of total consumer loans

4.14%

4.07%

3.96%

4.05%

9 bps

(9) bps

Consumer NCLs (annualized) as a % of average loans

2.39%

2.25%

2.12%

2.21%

9 bps

(18) bps

Corporate

ACLL at beginning of period

$ 2,556

$ 2,725

$ 3,023

$ 3,001

$ 3,053

19%

NCLs

(182)

(49)

(92)

(42)

(8)

(81%)

(96%)

Replenishment of NCLs

182

(81%)

(96%)

Net reserve builds / (releases) for loans

154

259

(22)

299

486%

94%

Provision for credit losses on loans (PCLL)

336

308

307

230%

(9%)

Other, net(1)

(13)

ACLL at end of period (c)

$ 2,725

$ 3,023

$ 3,001

$ 3,053

$ 3,339

23%

Corporate ACLUC(7) (c)

$ 1,689

$ 1,697

$ 1,800

$ 1,809

$ 1,716

(5%)

Provision (release) for credit losses on unfunded lending commitments

$ 111

$ (18)

$ 104

$ 10

$ (90)

Total allowance for credit losses on loans, leases and

unfunded lending commitments [sum of (c)]

$ 4,414

$ 4,720

$ 4,801

$ 4,862

$ 5,055

15%

Corporate ACLL as a % of total corporate loans(10)

0.89%

0.94%

0.92%

0.91%

0.95%

4 bps

6 bps

Corporate NCLs (annualized) as a % of average loans 0.24%

0.06%

0.11%

0.05%

0.01%

(4) bps

(23) bps

Footnotes to this table are on the following page (page 20).

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.