Form 8-K
8-K — CITIGROUP INC
Accession: 0001104659-26-083383
Filed: 2026-07-14
Period: 2026-07-14
CIK: 0000831001
SIC: 6021 (NATIONAL COMMERCIAL BANKS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — c-20260714x8k.htm (Primary)
EX-99.1 (c-20260714xex99d1.htm)
EX-99.2 (c-20260714xex99d2.htm)
EX-99.3 (c-20260714xex99d3.htm)
GRAPHIC (c-20260714xex99d1001.jpg)
GRAPHIC (c-20260714xex99d1002.jpg)
GRAPHIC (c-20260714xex99d2001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: c-20260714x8k.htm · Sequence: 1
Citigroup Inc._July 14, 2026
0000831001false00008310012026-07-142026-07-140000831001us-gaap:CommonStockMember2026-07-142026-07-140000831001c:SeriesNMediumTermSeniorNotesDueSept2028Member2026-07-142026-07-140000831001c:SeriesNMediumTermSeniorNotesDueSept2026Member2026-07-142026-07-140000831001c:SeriesNMediumTermSeniorNotesDueOct2028Member2026-07-142026-07-140000831001c:SeriesNMediumTermSeniorNotesDueMar2029Member2026-07-142026-07-140000831001c:SeriesNMediumTermSeniorNotesDueApr2028Member2026-07-142026-07-140000831001c:SeriesIiPreferredStockMember2026-07-142026-07-140000831001c:CitigroupCapitalXiiiMember2026-07-142026-07-140000831001c:CitigroupCapitalIiiMember2026-07-142026-07-14
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 14, 2026
Citigroup Inc.
(Exact name of registrant as specified in its charter)
Delaware
1-9924
52-1568099
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
388 Greenwich Street, New York,
NY
(Address of principal executive offices)
10013
(Zip Code)
(212) 559-1000
(Registrant's telephone number,
including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 formatted in Inline XBRL: See Exhibit 99.3
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
CITIGROUP INC.
Current Report on Form 8-K
Item 2.02 Results of Operations and Financial Condition.
On July 14, 2026, Citigroup Inc. announced its results for the quarter ended June 30, 2026. A copy of the related press release, filed as Exhibit 99.1 to this Form 8-K, is incorporated herein by reference. The quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities under that Section. The information included in Exhibit 99.1, other than in the quotation, shall be deemed “filed” for purposes of the Act.
In addition, a copy of the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2026 is being furnished as Exhibit 99.2 to this Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Act or otherwise subject to the liabilities of that section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
99.1
Citigroup Inc. press release dated July 14, 2026.
99.2
Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2026.
99.3
Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 as of the filing date.
104.1
See the cover page of this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CITIGROUP INC.
Dated: July 14, 2026
By:
/s/ Nicole Giles
Nicole Giles
Controller and Chief Accounting Officer
(Principal Accounting Officer)
EX-99.1
EX-99.1
Filename: c-20260714xex99d1.htm · Sequence: 2
Exhibit 99.1
For Immediate Release
Citigroup Inc. (NYSE: C)
JULY 14, 2026
SECOND QUARTER 2026 RESULTS AND KEY METRICS
CHAIR AND CEO
COMMENTARY
Citi Chair and CEO Jane Fraser said, “With net income up 45%, this was Citi’s best quarterly revenue in a decade with double-digit revenue growth for the firm and in four out of our five businesses. Services delivered its highest ever quarterly revenue and a return of over 30%. In Markets, strong results in FX and spread products also show how much clients rely on our global network while Equities showed continued momentum with revenues up 45%. Banking revenues climbed 34% and we played a role in the majority of the top equity and debt issuances. Wealth revenues increased for the 9th straight quarter with almost two-thirds of Net New Investment Assets growth coming from deepening relationships with existing clients. Despite short-term headwinds from investments in our U.S. Consumer Cards portfolio, our resilient customer base kept fueling underlying drivers: loan growth, higher spend and better credit performance than expected.
“Our growing earnings generation will allow us to increase our planned dividend by 12% and we have launched our $30 billion buyback plan. The combination of our investments, disciplined execution and focus on clients is improving our returns and creating more durable results for our investors,” Ms. Fraser concluded.
NET INCOME UP 45%
RETURNED ~$5.0 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS
PAYOUT RATIO OF 92%(3)
COMMON EQUITY TIER 1 CAPITAL RATIO OF 12.8%(4)
BOOK VALUE PER SHARE OF $114.74
TANGIBLE BOOK VALUE PER SHARE OF $100.89(5)
New York, July 14, 2026 – Citigroup Inc. today reported net income for the second quarter 2026 of $5.8 billion, or $3.15 per diluted share, on revenues of $24.8 billion. This compares to net income of $4.0 billion, or $1.96 per diluted share, on revenues of $21.7 billion for the second quarter 2025.
Revenues increased 14% from the prior-year period, driven by growth in each of Citi’s five interconnected businesses and Legacy Franchises in All Other, as well as the impact of foreign exchange translation, partially offset by a decline in Corporate/Other, also in All Other.
Net income was $5.8 billion, compared to $4.0 billion in the prior-year period, driven by higher revenues and a lower provision for credit losses, partially offset by higher expenses.
Earnings per share of $3.15 increased from $1.96 per diluted share in the prior-year period, reflecting higher net income and a lower share count due to share repurchases.
Percentage comparisons throughout this press release are calculated for the second quarter 2026 versus the second quarter 2025, unless otherwise specified.
1
Second Quarter Financial Results
Citigroup
($ in millions, except per share amounts and as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Total revenues, net of interest expense
24,766
24,633
21,668
1%
14%
Total operating expenses
14,215
14,311
13,577
(1)%
5%
Net credit losses
2,404
2,208
2,234
9%
8%
Net ACL build / (release)(a)
102
581
224
(82)%
(54)%
Other provisions(b)
16
16
414
-
(96)%
Total provision for credit losses
2,522
2,805
2,872
(10)%
(12)%
Income (loss) from continuing operations before taxes
8,029
7,517
5,219
7%
54%
Provision for income taxes
2,005
1,578
1,186
27%
69%
Income (loss) from continuing operations
6,024
5,939
4,033
1%
49%
Income (loss) from discontinued operations, net of taxes
-
(1)
-
100%
-
Net income attributable to non-controlling interest
193
153
14
26%
NM
Citigroup’s net income (loss)
$
5,831
$
5,785
$
4,019
1%
45%
EOP loans ($B)
794
762
725
4%
9%
Average loans ($B)
785
755
712
4%
10%
EOP assets ($B)
2,895
2,778
2,623
4%
10%
EOP deposits ($B)
1,493
1,446
1,358
3%
10%
Average deposits ($B)
1,504
1,446
1,343
4%
12%
Book value per share
$
114.74
$
112.22
$
106.94
2%
7%
Tangible book value per share(c)
$
100.89
$
99.01
$
94.16
2%
7%
Common Equity Tier 1 (CET1) Capital ratio(d)
12.8%
12.7%
13.5%
Supplementary Leverage ratio (SLR)(d)
5.2%
5.3%
5.5%
Return on average common equity (ROE)(e)
11.4%
11.5%
7.7%
(10) bps
370 bps
Return on average tangible common equity (RoTCE)(f)
13.0%
13.1%
8.7%
(10) bps
430 bps
Efficiency Ratio (total operating expenses/total revenues, net)
57.4%
58.1%
62.7%
(70) bps
(530) bps
(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.
(b) Includes provisions on Other Assets, policyholder benefits and claims and HTM debt securities.
(c) Tangible book value per share is a non-GAAP financial measure. For additional information, refer to footnote 5.
(d) For additional information, please refer to Footnote 4.
(e) For additional information, please refer to Footnote 1.
(f) RoTCE is a non-GAAP financial measure. For additional information, please refer to Footnote 2.
Citigroup
Citigroup revenues of $24.8 billion in the second quarter 2026 increased 14%, driven by growth in each of Citi’s five interconnected businesses and Legacy Franchises, as well as the impact of foreign exchange translation, partially offset by a decline in Corporate/Other. Net interest income increased 13%, driven by growth across each of Citi’s five businesses and Legacy Franchises, partially offset by a decline in Corporate/Other. Non-interest revenue increased 18%, driven by growth in All Other, Banking, Services and Wealth, partially offset by declines in U.S. Consumer Cards (USCC) and Markets.
Citigroup operating expenses of $14.2 billion were up 5%, driven by higher compensation and benefits, transactional and product servicing expenses, deposit insurance costs, as well as the impact of foreign exchange translation, partially offset by lower professional services expenses.
Citigroup provision for credit losses was $2.5 billion, reflecting $2.4 billion of net credit losses and a net allowance for credit losses (ACL) build of $118 million, driven by portfolio growth and changes to certain macroeconomic variables, offset by net improvements in portfolio quality, including seasonal changes in USCC. Net credit losses were up 8% from the prior-year period, driven by increases in Banking and Legacy Franchises. The provision in the prior-year period was $2.9 billion, reflecting $2.2 billion of net credit losses and a net ACL build of $638 million, driven by transfer risk, portfolio growth and changes to certain macroeconomic variables, partially offset by changes in credit quality.
Citigroup net income was $5.8 billion in the second quarter 2026, compared to net income of $4.0 billion in the prior-year period, driven by higher revenues and a lower provision for credit losses, partially offset by higher expenses. Citigroup’s effective tax rate was approximately 25% in the current quarter compared to 23% in the second quarter 2025.
2
Citigroup’s total allowance for credit losses was $22.2 billion at quarter end, compared to $23.7 billion at the end of the prior-year period. Total ACL on loans was $20.0 billion at quarter end, compared to $19.1 billion at the end of the prior-year period, with a reserve-to-funded loans ratio of 2.5%, down from 2.7% in the prior-year period. Total non-accrual loans decreased $0.1 billion, or 4% from the prior-year period to $3.2 billion. Corporate non-accrual loans increased 1% from the prior-year period to $1.7 billion, driven by idiosyncratic downgrades in Services and Banking, offset by upgrades and repayments in Markets. Consumer non-accrual loans decreased $0.2 billion, or 9% from the prior-year period to $1.5 billion, driven by repayments in Wealth.
Citigroup’s end-of-period loans were $794 billion at quarter end, up 9% versus the prior-year period, primarily driven by higher loans in Markets, USCC and Services. Citigroup’s average loans were $785 billion in the second quarter 2026, up 10% versus the prior-year period, driven by Markets, Wealth, USCC and Services.
Citigroup’s end-of-period deposits were approximately $1.5 trillion at quarter end, up 10% versus the prior-year period, driven by an increase in Services. Citigroup’s average deposits were approximately $1.5 trillion in the second quarter 2026, up 12% versus the prior-year period, driven by an increase in Services.
Citigroup’s book value per share of $114.74 at quarter end increased 7% versus the prior-year period, and tangible book value per share of $100.89 at quarter end also increased 7% versus the prior-year period. The increases were driven by net income and beneficial net movements in accumulated other comprehensive income (AOCI), partially offset by the payment of common and preferred dividends and reductions in additional paid-in capital (APIC). In addition, common share repurchases were dilutive to tangible book value per share and book value per share. At quarter end, Citigroup’s preliminary CET1 Capital ratio(4) was 12.8% versus 12.7% at the end of the prior quarter, the increase was driven by net income, the net impact from Citi's sale of a 22.6% equity stake in Banamex and lower deferred tax assets, primarily offset by common share repurchases, the payment of common and preferred dividends and higher risk-weighted assets. Citigroup’s Supplementary Leverage ratio(4) for the second quarter 2026 was 5.2%, versus 5.3% at the end of the prior quarter. During the quarter, Citigroup returned approximately $5.0 billion to common shareholders in the form of share repurchases and dividends.
3
Services
($ in millions, except as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Net interest income
3,541
3,424
2,949
3%
20%
Non-interest revenue
1,198
1,192
1,063
1%
13%
Treasury and Trade Solutions
4,739
4,616
4,012
3%
18%
Net interest income
750
719
681
4%
10%
Non-interest revenue
893
768
737
16%
21%
Securities Services
1,643
1,487
1,418
10%
16%
Total Services revenues
6,382
6,103
5,430
5%
18%
Total operating expenses
2,803
2,935
2,679
(4)%
5%
Net credit losses
5
3
20
67%
(75)%
Net ACL build / (release)(a)
46
86
47
(47)%
(2)%
Other provisions(b)
7
5
286
40%
(98)%
Total provision for credit losses
58
94
353
(38)%
(84)%
Net income
$
2,584
$
2,228
$
1,712
16%
51%
Services Key Statistics and Metrics ($B)
Allocated Average TCE(c)
34
34
33
-
2%
RoTCE(c)
30.9%
27.0%
20.8%
390 bps
1,010 bps
Average loans
103
99
94
4%
10%
Average deposits
1,017
961
857
6%
19%
Cross border transaction value(d)
115
106
101
8%
13%
US dollar clearing volume (#MM)(e)
46
44
44
5%
5%
Commercial card spend volume(f)
20
19
18
8%
12%
Assets under custody and/or administration (AUC/AUA) ($T)(g)
35
32
28
9%
22%
(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.
(b) Includes provisions on Other Assets and for HTM debt securities.
(c) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.
(d) Cross border transaction value is defined as the total value of cross-border foreign exchange payments processed through Citi’s proprietary Worldlink and Cross Border Funds Transfer platforms, including payments from consumer, corporate, financial institution and public sector clients.
(e) U.S. dollar clearing volume is defined as the number of USD clearing payment instructions processed by Citi on behalf of U.S. and foreign-domiciled entities (primarily financial institutions). Amounts in the table are stated in millions of payment instructions processed.
(f) Commercial card spend volume is defined as total global spend volumes using Citi issued commercial cards net of refunds and returns.
(g) 2Q'26 is preliminary.
Services
Services revenues of $6.4 billion were up 18%, driven by growth in Treasury and Trade Solutions and Securities Services. Net interest income increased 18%, primarily driven by an increase in average deposit balances. Non-interest revenue increased 16%, primarily driven by continued momentum in fees and underlying drivers across the business, particularly cross-border transaction value and assets under custody and administration.
Treasury and Trade Solutions revenues of $4.7 billion were up 18%, driven by a 20% increase in net interest income and a 13% increase in non-interest revenue. The increase in net interest income was driven by higher average deposit balances and deposit spreads. The increase in non-interest revenue was driven by a smaller impact from currency devaluation in Argentina and growth in underlying drivers, including an increase in cross-border transaction value of 13% and an increase in U.S. dollar clearing volume of 5%.
Securities Services revenues of $1.6 billion were up 16%, driven by a 21% increase in non-interest revenue and a 10% increase in net interest income. The increase in non-interest revenue was primarily driven by higher fees, which benefited from a 22% increase in assets under custody and administration, which includes the impact of market valuations as well as new assets onboarded. The increase in net interest income was driven by higher average deposit balances, partially offset by lower deposit spreads.
Services operating expenses of $2.8 billion increased 5%, driven by higher volume-related expenses, as well as higher performance-related and other compensation expenses.
Services provision for credit losses was $58 million, reflecting a net ACL build of $53 million, primarily driven by exposure growth, and $5 million of net credit losses. The provision in the prior-year period was $353 million, reflecting a net ACL build of $333 million, primarily driven by transfer risk, and $20 million of net credit losses.
Services net income of $2.6 billion increased 51%, driven by higher revenues and a lower provision for credit losses, partially offset by higher expenses.
4
Markets
($ in millions, except as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Rates and currencies
3,247
3,311
3,221
(2)%
1%
Spread products / other fixed income
1,459
1,855
1,167
(21)%
25%
Fixed Income markets
4,706
5,166
4,388
(9)%
7%
Equity markets
2,301
2,080
1,592
11%
45%
Total Markets revenues
7,007
7,246
5,980
(3)%
17%
Total operating expenses
3,784
3,835
3,508
(1)%
8%
Net credit losses (recoveries)
(10)
(3)
8
(233)%
NM
Net ACL build / (release)(a)
127
-
45
NM
182%
Other provisions(b)
(8)
(12)
55
33%
NM
Total provision for credit losses
109
(15)
108
NM
1%
Net income
$
2,387
$
2,595
$
1,803
(8)%
32%
Markets Key Statistics and Metrics ($B)
Allocated Average TCE(c)
56
56
54
-
5%
RoTCE(c)
17.0%
18.7%
13.5%
(170) bps
350 bps
Average trading account assets
603
573
547
5%
10%
Average loans
176
162
136
9%
29%
Average VaR ($ in MM)(d)
122
127
117
(4)%
4%
(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.
(b) Includes provisions on Other Assets and HTM debt securities.
(c) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.
(d) VaR estimates, at a 99% confidence level, the potential decline in the value of a position or a portfolio under normal market conditions assuming a one-day holding period. VaR statistics, which are based on historical data, can be materially different across firms due to differences in portfolio composition, VaR methodologies and model parameters.
Markets
Markets revenues of $7.0 billion increased 17%, driven by growth in Equity markets and Fixed Income markets revenues.
Fixed Income markets revenues of $4.7 billion increased 7%, driven by growth in spread products and other fixed income. Rates and currencies revenues were up 1%, driven by revenue growth in the foreign exchange business on higher volumes, primarily offset by lower revenue in rates. Spread products and other fixed income revenues increased 25%, driven by growth across both financing and credit trading in spread products, as well as growth in commodities.
Equity markets revenues of $2.3 billion increased 45%, driven by growth in derivatives on higher client activity and prime services. Prime balances(6) were up nearly 60%.
Markets operating expenses of $3.8 billion increased 8%, driven by higher performance-related compensation and volume-related expenses.
Markets provision for credit losses was $109 million, reflecting a net ACL build of $119 million, primarily driven by changes in portfolio composition, including exposure growth, and $10 million of net credit recoveries. The provision in the prior-year period was $108 million, reflecting a net ACL build of $100 million, driven by changes in portfolio composition, including exposure growth, and $8 million of net credit losses.
Markets net income of $2.4 billion increased 32%, driven by higher revenues, partially offset by higher expenses.
5
Banking
($ in millions, except as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Investment Banking
1,548
1,326
1,073
17%
44%
Corporate Lending(a)
406
391
423
4%
(4)%
Total Banking revenues(a)
1,954
1,717
1,496
14%
31%
Gain / (loss) on loan hedges(a)
(32)
50
(62)
NM
48%
Total Banking revenues including gain/(loss) on loan hedges(a)
1,922
1,767
1,434
9%
34%
Total operating expenses
1,212
1,240
1,137
(2)%
7%
Net credit losses
138
6
16
NM
NM
Net ACL build / (release)(b)
100
124
139
(19)%
(28)%
Other provisions(c)
4
2
18
100%
(78)%
Total provision for credit losses
242
132
173
83%
40%
Net income
$
350
$
304
$
93
15%
276%
Banking Key Statistics and Metrics
Allocated Average TCE(d) ($B)
8
8
9
-
(15)%
RoTCE(d)
18.0%
15.8%
4.1%
220 bps
1,390 bps
Average loans ($B)
88
83
84
6%
5%
Advisory
390
505
407
(23)%
(4)%
Equity underwriting
426
257
222
66%
92%
Debt underwriting
732
564
444
30%
65%
Investment Banking revenues(e)
1,548
1,326
1,073
17%
44%
(a) Excludes gain / (loss) on credit derivatives as well as the mark-to-market on loans at fair value. For additional information, see Footnote 8.
(b) Includes credit reserve build / (release) for loans and provision for credit losses on unfunded lending commitments.
(c) Includes provisions on Other Assets and HTM debt securities.
(d) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.
(e) For additional information, refer to Footnote 7.
Banking
Banking revenues of $1.9 billion increased 34%, driven by growth in Investment Banking, partially offset by a decline in Corporate Lending, excluding mark-to-market on loan hedges (8).
Investment Banking revenues of $1.5 billion increased 44%, driven by growth in Debt Capital Markets (DCM) and Equity Capital Markets (ECM), partially offset by a decline in Advisory. DCM revenues increased 65%, primarily driven by growth across both leveraged finance and investment grade. ECM revenues increased 92% amid very strong market conditions, driven by growth across products, with strength in initial public offerings and follow-ons. Advisory revenues decreased 4%, compared to strong performance in the prior-year period.
Corporate Lending revenues of $406 million, excluding mark-to-market on loan hedges(8), decreased 4%, driven by lower loan spreads and balances. Overall, average loans increased 5%, as growth in loans associated with episodic investment banking activity more than offset the decline in corporate lending balances.
Banking operating expenses of $1.2 billion increased 7%, driven by higher performance-related compensation and investments, as well as increased volume-related expenses.
Banking provision for credit losses was $242 million, reflecting $138 million of net credit losses and a net ACL build of $104 million. Net credit losses were driven by loan sales, which were previously reserved for. The net ACL build was driven by exposure growth, largely offset by reserve releases on the loan sales. The provision in the prior-year period was $173 million, reflecting a net ACL build of $157 million, primarily driven by changes in portfolio composition, and $16 million of net credit losses.
Banking net income of $350 million increased 276%, driven by higher revenues, partially offset by higher expenses and a higher provision for credit losses.
6
Wealth
($ in millions, except as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Citigold and Retail Banking
2,181
2,062
1,862
6%
17%
Private Bank
769
757
731
2%
5%
Wealth at Work
227
246
221
(8)%
3%
Total revenues, net of interest expense
3,177
3,065
2,814
4%
13%
Total operating expenses
2,377
2,415
2,313
(2)%
3%
Net credit losses
57
88
73
(35)%
(22)%
Net ACL build / (release)(a)
2
13
(66)
(85)%
NM
Other provisions(b)
-
-
-
-
-
Total provision for credit losses
59
101
7
(42)%
NM
Net income
$
583
$
432
$
385
35%
51%
Wealth Key Statistics and Metrics ($B)
Allocated Average TCE(c)
16
16
15
-
5%
RoTCE(c)
14.4%
10.8%
10.0%
360 bps
440 bps
Loans
208
205
200
2%
4%
Deposits
415
418
400
(1)%
4%
Client investment assets(d)
727
676
635
8%
14%
EOP client balances
1,350
1,299
1,235
4%
9%
Net New Investment Assets (NNIA)(e)
16
15
2
7%
NM
(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.
(b) Includes provisions on Other Assets and policyholder benefits and claims.
(c) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.
(d) 2Q'26 Client investment assets are preliminary. Includes assets under management, trust and custody assets. Starting in 1Q'26, Client investment assets include an additional $10B associated with the value of client insurance policies that were not previously reported.
(e) 2Q'26 Net new investment assets are preliminary. Represents investment asset inflows, including dividends, interest and distributions, less investment asset outflows.
Wealth
Wealth revenues of $3.2 billion increased 13%, driven by growth across all businesses. Net interest income of $2.2 billion increased 18%, driven by higher deposit spreads and average deposit balances, partially offset by lower mortgage spreads. Non-interest revenue of $1.0 billion increased 4%, driven by higher investment fee revenues, with growth in client investment assets of 14%, primarily offset by the absence of an approximate $80 million gain on sale of an alternative investments fund platform, which occurred in the second quarter 2025, as well as the loss of fee revenue from the sale of the trust business in the third quarter 2025.
Citigold and Retail Banking revenues of $2.2 billion increased 17%, driven by higher deposit spreads and higher investment fee revenues.
Private Bank revenues of $769 million increased 5%, driven by higher deposit spreads and investment fee revenues, primarily offset by the absence of an approximate $80 million gain on sale of an alternative investments fund platform, which occurred in the second quarter 2025, as well as the loss of fee revenue from the sale of the trust business in the third quarter 2025 and lower mortgage spreads.
Wealth at Work revenues of $227 million increased 3%, driven by higher deposit spreads and average balances, primarily offset by lower mortgage spreads.
Wealth operating expenses of $2.4 billion increased 3%, driven by higher technology costs and performance-related compensation.
Wealth provision for credit losses was $59 million, reflecting $57 million of net credit losses, driven by Citigold and Retail Banking, and a net ACL build of $2 million. The provision in the prior-year period was $7 million, reflecting $73 million of net credit losses and a net ACL release of $66 million, primarily driven by changes to certain macroeconomic variables and credit quality.
Wealth net income of $583 million increased 51%, driven by higher revenues, partially offset by higher expenses and a higher provision for credit losses.
7
USCC(a)
($ in millions, except as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Net interest income
5,180
5,116
4,918
1%
5%
Non-interest revenue
(659)
(359)
(447)
(84)%
(47)%
Total revenues, net of interest expense
4,521
4,757
4,471
(5)%
1%
Total operating expenses
1,794
1,711
1,626
5%
10%
Net credit losses
1,850
1,742
1,856
6%
-
Net ACL build / (release)(b)
(232)
348
(5)
NM
NM
Other provisions(c)
-
2
1
(100)%
(100)%
Total provision for credit losses
1,618
2,092
1,852
(23)%
(13)%
Net income
$
852
$
732
$
758
16%
12%
USCC Key Statistics and Metrics ($B)
Allocated average TCE(d)
16
16
20
-
(24)%
RoTCE(d)
22.0%
19.2%
15.0%
280 bps
700 bps
Average loans
177
171
168
4%
5%
U.S. credit card spend volume
176
152
159
15%
11%
New credit cards account acquisitions (in thousands)(e)
5,376
2,942
3,255
83%
65%
(a) Includes impact from the onboarding of additional American Airlines co-branded card portfolio in the second quarter of 2026.
(b) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.
(c) Includes provisions on policyholder benefits and claims and Other Assets.
(d) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.
(e) New credit cards account acquisitions represent the number of new credit card accounts opened.
U.S. Consumer Cards (USCC)
USCC revenues of $4.5 billion increased 1%, driven by growth in net interest income, primarily offset by a decline in non-interest revenue. Net interest income increased 5%, driven by higher interest earning balances. Non-interest revenue decreased 47%, driven by higher partner payment accruals and new account acquisition costs, reflecting increased investments, partially offset by higher annual fees and net interchange.
USCC operating expenses of $1.8 billion increased 10%, driven by higher severance, customer engagement costs, and legal and marketing expenses.
USCC provision for credit losses was $1.6 billion, reflecting $1.9 billion of net credit losses and a net ACL release of $232 million, driven by improvements in portfolio quality, including seasonal changes, largely offset by higher volume and changes to certain macroeconomic variables. The provision in the prior-year period was $1.9 billion, reflecting $1.9 billion of net credit losses and a net ACL release of $4 million.
USCC net income of $852 million increased 12%, driven by a lower provision for credit losses and higher revenue, largely offset by higher expenses.
8
All Other (Managed Basis)(a)(b)
($ in millions, except as otherwise noted)
2Q’26
1Q’26
2Q’25
QoQ%
YoY%
Legacy Franchises (managed basis)
2,053
2,161
1,691
(5)%
21%
Corporate / Other
(316)
(479)
25
34%
NM
Total revenues
1,737
1,682
1,716
3%
1%
Total operating expenses
2,220
2,144
2,277
4%
(3)%
Net credit losses
366
371
256
(1)%
43%
Net ACL build / (release)(c)
59
10
64
490%
(8)%
Other provisions(d)
13
19
54
(32)%
(76)%
Total provision for credit losses
438
400
374
10%
17%
Income (loss) from continuing operations
(761)
(388)
(573)
(96)%
(33)%
Income (loss) from discontinued operations, net of taxes
-
(1)
-
100%
-
Noncontrolling interests
162
105
(21)
54%
NM
Net (loss)
(923)
(494)
(552)
(87)%
(67)%
All Other Key Statistics and Metrics ($B)
Allocated Average TCE(e)
40
40
41
-
(2)%
(a) 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.
(b) 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. For additional information, please refer to Footnote 9.
(c) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.
(d) Includes provisions on policyholder benefits and claims, Other Assets and HTM debt securities.
(e) TCE is a non-GAAP financial measure. For additional information, refer to Footnote 2.
All Other (Managed Basis)(9)
All Other (managed basis) revenues of $1.7 billion increased 1%, driven by growth in Legacy Franchises, offset by a decline in Corporate/Other.
Legacy Franchises (managed basis)(9) revenues of $2.1 billion increased 21%, driven by growth in Mexico, including momentum in the underlying businesses and the impact of Mexican peso appreciation, partially offset by continued lower revenues from closed exit and wind-down markets.
Corporate/Other revenues of $(316) million decreased from $25 million in the prior-year period, driven by lower net interest income, which included actions taken, such as those to reduce Citi’s asset sensitivity due to a lower interest rate environment, largely offset by higher non-interest revenue, reflecting episodic activity.
All Other (managed basis) expenses of $2.2 billion decreased 3%, driven by a decline in Legacy Franchises, as lower expenses related to exits and wind-downs were primarily offset by the impact of Mexican peso appreciation, as well as a decline in Corporate Other, which included lower transformation expenses and severance charges.
All Other (managed basis) provision for credit losses was $438 million, reflecting $366 million of net credit losses and a net ACL build of $72 million, primarily driven by higher volume. Net credit losses were up 43% from the prior-year period, driven by higher volume and portfolio seasoning in Mexico Consumer. The provision in the prior-year period was $374 million, reflecting $256 million of net credit losses and a net ACL build of $118 million, largely driven by higher volume and transfer risk.
All Other (managed basis) net loss was $(923) million, compared to $(552) million in the prior-year period, driven by lower revenues in Corporate/Other, partially offset by underlying growth in Mexico Consumer/SBMM net of amounts attributed to noncontrolling interests.
9
Citigroup will host a conference call today at 11:00 AM (ET). A live webcast of the presentation, as well as financial results and presentation materials, will be available at https://www.citigroup.com/global/investors. The live webcast of the presentation can also be accessed at https://citi-second-quarter-2026-earnings-results.open-exchange.net/.
Additional financial, statistical and business-related information, as well as business and segment trends, is included in a Quarterly Financial Data Supplement. Both this earnings release and Citigroup’s Second Quarter 2026 Quarterly Financial Data Supplement are available on Citigroup’s website at www.citigroup.com.
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | X: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Certain statements in this release 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, macroeconomic, geopolitical and other challenges and uncertainties, including elevated inflation and conflicts in the Middle East; and the precautionary statements included in this release. 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.
Contacts:
Investors: Jennifer Landis (investorrelations@citi.com)
Press: Danielle Romero-Apsilos (danielle.romeroapsilos@citi.com)
10
(1) Ratios as of June 30, 2026 are preliminary. Citigroup’s return on average common stockholders’ equity (ROE) is calculated using net income less preferred stock dividends divided by average common stockholders’ equity.
(2) Ratios as of June 30, 2026 are preliminary. Citigroup’s allocated average tangible common equity (TCE) and return on average tangible common equity (RoTCE) are non-GAAP financial measures. RoTCE represents annualized net income available to common shareholders as a percentage of average TCE. For the components of these calculations and for a reconciliation of common equity to TCE, refer to the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2026 (the 2Q26 Financial Supplement), which is Exhibit 99.2 to Citigroup's Current Report on Form 8-K furnished with the U.S. Securities and Exchange Commission on July 14, 2026.
(3) Citigroup’s payout ratio is the sum of common dividends and common share repurchases divided by net income available to common shareholders.
(4) Ratios as of June 30, 2026 are preliminary. For the composition of Citigroup’s CET1 Capital and ratio and Citigroup’s Supplementary Leverage ratio, refer to the 2Q26 Financial Supplement.
(5) Citigroup’s tangible book value per share is a non-GAAP financial measure. For a reconciliation of common equity to tangible common equity and resulting calculation of tangible book value per share, refer to the 2Q26 Financial Supplement.
(6) Prime balances are defined as clients’ billable balances where Citigroup provides cash or synthetic prime brokerage services.
(7) Beginning in the second quarter of 2026, the investment banking fees metric for Banking was replaced with investment banking revenues. This metric includes investment banking fees, other fee revenue, principal transactions, and net interest income from loans generated from investment banking business activities. Prior-period amounts have been conformed to reflect this change in presentation. Citi believes investment banking revenues provides investors with a more comprehensive measure of investment banking performance.
(8) Credit derivatives are used to economically hedge a portion of the Corporate Lending 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 and the mark-to-market on the loans in the portfolio that are at fair value. 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. For a reconciliation to reported results, refer to the 2Q26 Financial Supplement.
(9) All Other (managed basis) reflects results on a managed basis, which excludes divestiture-related impacts, for all periods, related to Citigroup’s divestitures of its Asia consumer banking businesses and Mexico Consumer/SBMM businesses within Legacy Franchises. Certain of the results of operations of All Other (managed basis) and Legacy Franchises (managed basis) that exclude divestiture-related impacts are non-GAAP financial measures. For additional information and a reconciliation of these results, refer to the 2Q26 Financial Supplement.
11
EX-99.2
EX-99.2
Filename: c-20260714xex99d2.htm · Sequence: 3
Exhibit 99.2
CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT
2Q26
Page
Citigroup
Financial Summary
1
Consolidated Statement of Income
2
Consolidated Balance Sheet
3
Segment Net Revenues and Income (Loss)
4
Services
5
Markets
6
Banking
7
Wealth
8
U.S. Consumer Cards (USCC)
9
Metrics
10
All Other
11
Legacy Franchises
12
Corporate/Other
13
Divestiture-Related Impacts—Reconciling Items
14
Citigroup Supplemental Detail
Average Balances and Interest Rates
15
EOP (End-of-Period) Loans
16
EOP Deposits
17
Allowance for Credit Losses (ACL) Rollforward
18
Allowance for Credit Losses on Loans (ACLL) and Unfunded Lending Commitments (ACLUC)
19 - 20
Non-Accrual Assets
21
Citigroup Regulatory Capital, Ratios and Composition
22
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)
23
Reconciliations of Adjusted Results and FX Impact
FX Impact
24
Total Citigroup Revenues, Net Interest Income (NII) and Non-Interest Revenues (NIR), and Total Citigroup Operating Expenses
25
Notable Items Adjustments and All Other (Managed Basis)
26
All Other (Managed Basis),and Legacy Franchises (Managed Basis)
27
Services and Banking—Corporate Lending Revenues
28
Total Citigroup Revenues, Total Operating Expenses, RoCE and RoTCE
29
Legacy Franchises Exits Contribution
30
CITIGROUP FINANCIAL SUMMARY
(In millions of dollars, except per share amounts, ratios, bps, and as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Revenues, net of interest expense
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Operating expenses
13,577
14,290
13,840
14,311
14,215
(1%)
5%
27,002
28,526
6%
Net credit losses (NCLs)
2,234
2,214
2,190
2,208
2,404
9%
8%
4,693
4,612
(2%)
Credit reserve build (release) for loans
243
45
10
397
199
(50%)
(18%)
345
596
73%
Provision / (release) for unfunded lending commitments
(19)
100
13
184
(97)
NM
(411%)
89
87
(2%)
Provisions for benefits and claims, other assets and HTM debt securities
414
91
7
16
16
-
(96%)
468
32
(93%)
Provisions for credit losses and for benefits and claims
2,872
2,450
2,220
2,805
2,522
(10%)
(12%)
5,595
5,327
(5%)
Income (loss) from continuing operations before income taxes
5,219
5,350
3,811
7,517
8,029
7%
54%
10,667
15,546
46%
Income taxes (benefits)
1,186
1,559
1,288
1,578
2,005
27%
69%
2,526
3,583
42%
Income (loss) from continuing operations
4,033
3,791
2,523
5,939
6,024
1%
49%
8,141
11,963
47%
Income (loss) from discontinued operations, net of taxes
-
(1)
(1)
(1)
-
100%
-
(1)
(1)
-
Net income (loss) before noncontrolling interests
4,033
3,790
2,522
5,938
6,024
1%
49%
8,140
11,962
47%
Net income (loss) attributable to noncontrolling interests
14
38
51
153
193
26%
NM
57
346
NM
Citigroup's net income (loss)
$
4,019
$
3,752
$
2,471
$
5,785
$
5,831
1%
45%
$
8,083
$
11,616
44%
Diluted earnings per share:
Income (loss) from continuing operations
$
1.96
$
1.86
$
1.19
$
3.06
$
3.15
3%
61%
$
3.92
$
6.21
58%
Net income (loss)
$
1.96
$
1.86
$
1.19
$
3.06
$
3.15
3%
61%
$
3.92
$
6.21
58%
Preferred dividends
$
287
$
274
$
284
$
305
$
338
11%
18%
$
556
$
643
16%
Income allocated to unrestricted common shareholders—basic
Income (loss) from continuing operations (for EPS purposes)
3,683
3,439
2,150
5,425
5,446
-
48%
7,435
10,871
46%
Net income (loss) (for EPS purposes)
3,683
3,438
2,149
5,424
5,446
-
48%
7,434
10,870
46%
Income allocated to unrestricted common shareholders—diluted
Income (loss) from continuing operations (for EPS purposes)
3,702
3,459
2,170
5,443
5,466
-
48%
7,471
10,909
46%
Net income (loss) (for EPS purposes)
3,702
3,458
2,169
5,442
5,466
-
48%
7,470
10,908
46%
Shares (in millions):
Average basic
1,855.9
1,820.3
1,772.8
1,736.9
1,700.9
(2%)
(8%)
1,867.5
1,718.9
(8%)
Average diluted
1,893.1
1,862.6
1,816.9
1,776.0
1,735.6
(2%)
(8%)
1,906.4
1,755.8
(8%)
Common shares outstanding, at period end
1,840.9
1,789.3
1,747.5
1,705.6
1,677.4
(2%)
(9%)
Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio(1)(2)
13.48%
13.27%
13.18%
12.75%
12.8%
Tier 1 Capital ratio(1)(2)
14.98%
14.97%
13.65%
14.57%
14.7%
Total Capital ratio(1)(2)
15.28%
15.31%
15.66%
15.45%
15.7%
Supplementary Leverage ratio (SLR)(1)(3)
5.53%
5.52%
5.48%
5.25%
5.2%
Return on average assets
0.61%
0.55%
0.36%
0.83%
0.80%
(3) bps
19 bps
0.63%
0.81%
18 bps
Return on average common equity (RoCE)
7.7%
7.1%
4.5%
11.5%
11.4%
(10) bps
370 bps
7.8%
11.5%
370 bps
Average tangible common equity (TCE) (in billions of dollars)(4)
$
172.1
$
172.3
$
170.4
$
169.2
$
169.1
-
(2%)
$
170.7
$
169.2
(1%)
Return on tangible common equity (RoTCE)(4)
8.7%
8.0%
5.1%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
Operating leverage(5)
567 bps
59 bps
(381) bps
746 bps
960 bps
214 bps
393 bps
668 bps
854 bps
186 bps
Efficiency ratio (total operating expenses/total revenues, net)
62.7%
64.7%
69.6%
58.1%
57.4%
(70) bps
(530) bps
62.4%
57.7%
(470) bps
Balance sheet data (in billions of dollars, except per share amounts)(1):
Total assets
$
2,622.8
$
2,642.5
$
2,657.2
$
2,777.7
$
2,894.7
4%
10%
Total average assets
2,647.8
2,688.8
2,722.5
2,816.8
2,936.0
4%
11%
2,582.5
2,876.4
11%
Total loans
725.3
733.9
752.2
761.6
793.7
4%
9%
Total deposits
1,357.7
1,383.9
1,403.6
1,446.2
1,492.6
3%
10%
Citigroup's stockholders' equity
213.2
213.0
212.3
211.0
212.0
-
(1%)
Book value per share
106.94
108.41
110.01
112.22
114.74
2%
7%
Tangible book value per share(4)
94.16
95.72
97.06
99.01
100.89
2%
7%
Direct staff (in thousands)
230
227
226
224
219
(2%)
(5%)
(1)
Ratios as of June 30, 2026 are preliminary.
(2)
The ratios presented reflect Citi's binding regulatory capital constraints under the U.S. Basel III rules. See page 22 for regulatory capital metrics under both the Standardized and Advanced Approaches.
(3)
For the composition of Citi's SLR, see page 22.
(4)
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.
(5)
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.
Page 1
CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Revenues
Interest income (including dividends)
$
35,859
$
36,690
$
36,649
$
35,513
$
37,662
6%
5%
$
69,525
$
73,175
5%
Interest expense
20,684
21,750
20,984
19,772
20,537
4%
(1%)
40,338
40,309
-
Net interest income (NII)
15,175
14,940
15,665
15,741
17,125
9%
13%
29,187
32,866
13%
Commissions and fees
2,745
2,888
2,829
3,272
3,298
1%
20%
5,452
6,570
21%
Principal transactions
2,503
2,772
1,450
4,008
2,481
(38%)
(1%)
6,013
6,489
8%
Administration and other fiduciary fees
1,123
1,117
1,129
1,123
1,257
12%
12%
2,168
2,380
10%
Realized gains (losses) on sales of investments, net
138
105
107
270
169
(37%)
22%
259
439
69%
Net impairment losses on investments recognized in earnings
(35)
(25)
(234)
(140)
(68)
51%
(94%)
(93)
(208)
(124%)
Other revenue (loss)
19
293
(1,075)
359
504
40%
NM
278
863
210%
Total non-interest revenues (NIR)
6,493
7,150
4,206
8,892
7,641
(14%)
18%
14,077
16,533
17%
Total revenues, net of interest expense
21,668
22,090
19,871
24,633
24,766
1%
14%
43,264
49,399
14%
Provisions for credit losses and for benefits and claims
Net credit losses on loans
2,234
2,214
2,190
2,208
2,404
9%
8%
4,693
4,612
(2%)
Credit reserve build / (release) for loans
243
45
10
397
199
(50%)
(18%)
345
596
73%
Provision for credit losses on loans
2,477
2,259
2,200
2,605
2,603
-
5%
5,038
5,208
3%
Provision for credit losses on held-to-maturity (HTM) debt securities
7
(5)
15
(30)
1
NM
(86%)
2
(29)
NM
Provision for credit losses on other assets
381
79
(32)
33
(2)
NM
NM
420
31
(93%)
Policyholder benefits and claims
26
17
24
13
17
31%
(35%)
46
30
(35%)
Provision for credit losses on unfunded lending commitments
(19)
100
13
184
(97)
NM
(411%)
89
87
(2%)
Total provisions for credit losses and for benefits and claims
2,872
2,450
2,220
2,805
2,522
(10%)
(12%)
5,595
5,327
(5%)
Operating expenses
Compensation and benefits
7,633
7,474
7,068
8,382
7,992
(5%)
5%
15,097
16,374
8%
Technology / communication
2,290
2,325
2,429
2,335
2,269
(3%)
(1%)
4,669
4,604
(1%)
Transactional and product servicing
1,184
1,110
1,179
1,225
1,341
9%
13%
2,286
2,566
12%
Premises and equipment
615
607
681
586
618
5%
-
1,189
1,204
1%
Professional services
510
514
573
441
438
(1%)
(14%)
986
879
(11%)
Advertising and marketing
269
260
318
233
283
21%
5%
519
516
(1%)
Restructuring
(2)
(5)
(4)
-
-
-
100%
(5)
-
100%
Other operating
1,078
2,005
1,596
1,109
1,274
15%
18%
2,261
2,383
5%
Total operating expenses
13,577
14,290
13,840
14,311
14,215
(1%)
5%
27,002
28,526
6%
Income (loss) from continuing operations before income taxes
5,219
5,350
3,811
7,517
8,029
7%
54%
10,667
15,546
46%
Provision (benefit) for income taxes
1,186
1,559
1,288
1,578
2,005
27%
69%
2,526
3,583
42%
Income (loss) from continuing operations
4,033
3,791
2,523
5,939
6,024
1%
49%
8,141
11,963
47%
Discontinued operations
Income (loss) from discontinued operations
-
(1)
(1)
(1)
-
100%
-
(1)
(1)
-
Provision (benefit) for income taxes
-
-
-
-
-
-
-
-
-
-
Income (loss) from discontinued operations, net of taxes
-
(1)
(1)
(1)
-
100%
-
(1)
(1)
-
Net income (loss) before attribution to noncontrolling interests
4,033
3,790
2,522
5,938
6,024
1%
49%
8,140
11,962
47%
Noncontrolling interests
14
38
51
153
193
26%
NM
57
346
NM
Citigroup's net income (loss)
$
4,019
$
3,752
$
2,471
$
5,785
$
5,831
1%
45%
$
8,083
$
11,616
44%
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 2
CITIGROUP CONSOLIDATED BALANCE SHEET
(In millions of dollars)
2Q26 Increase/
June 30,
September 30,
December 31,
March 31,
June 30,
(Decrease) from
2025
2025
2025
2026
2026(1)
1Q26
2Q25
Assets
Cash and due from banks (including segregated cash and other deposits)
$
24,991
$
23,545
$
23,717
$
23,625
$
24,663
4%
(1%)
Deposits with banks, net of allowance
312,482
324,515
325,862
362,097
341,750
(6%)
9%
Securities borrowed and purchased under agreements to resell, net of allowance
323,892
321,347
356,195
353,094
404,655
15%
25%
Brokerage receivables, net of allowance
64,029
75,992
62,679
91,720
83,322
(9%)
30%
Trading account assets
568,558
562,254
537,139
593,473
634,356
7%
12%
Investments
Available-for-sale debt securities
235,802
246,227
246,720
257,822
286,765
11%
22%
Held-to-maturity debt securities, net of allowance
206,094
197,092
189,831
178,503
167,893
(6%)
(19%)
Equity securities
7,504
7,413
7,678
7,839
8,263
5%
10%
Total investments
449,400
450,732
444,229
444,164
462,921
4%
3%
Loans
Consumer(2)
395,759
398,628
408,533
402,391
416,520
4%
5%
Corporate(3)
329,586
335,277
343,697
359,225
377,138
5%
14%
Loans, net of unearned income
725,345
733,905
752,230
761,616
793,658
4%
9%
Allowance for credit losses on loans (ACLL)
(19,123)
(19,206)
(19,247)
(19,636)
(19,961)
(2%)
(4%)
Total loans, net
706,222
714,699
732,983
741,980
773,697
4%
10%
Goodwill
19,878
19,126
19,098
18,997
19,012
-
(4%)
Intangible assets (including MSRs)
4,409
4,330
4,284
4,305
5,004
16%
13%
Premises and equipment, net of depreciation and amortization
32,312
32,819
33,339
33,574
33,897
1%
5%
Other assets, net of allowance
116,599
113,116
117,677
110,658
111,377
1%
(4%)
Total assets
$
2,622,772
$
2,642,475
$
2,657,202
$
2,777,687
$
2,894,654
4%
10%
Liabilities
Non-interest-bearing deposits in U.S. offices
$
119,898
$
116,921
$
121,610
$
122,083
$
122,307
-
2%
Interest-bearing deposits in U.S. offices
575,709
592,728
613,052
634,812
665,841
5%
16%
Total U.S. deposits
695,607
709,649
734,662
756,895
788,148
4%
13%
Non-interest-bearing deposits in offices outside the U.S.
86,458
83,920
87,041
86,004
83,823
(3%)
(3%)
Interest-bearing deposits in offices outside the U.S.
575,668
590,360
581,870
603,341
620,636
3%
8%
Total international deposits
662,126
674,280
668,911
689,345
704,459
2%
6%
Total deposits
1,357,733
1,383,929
1,403,573
1,446,240
1,492,607
3%
10%
Securities loaned and sold under agreements to repurchase
347,913
349,726
348,098
369,585
411,126
11%
18%
Brokerage payables
90,949
89,596
74,836
111,224
116,076
4%
28%
Trading account liabilities
163,952
160,243
162,798
185,266
187,193
1%
14%
Short-term borrowings
55,560
54,760
51,878
72,056
68,978
(4%)
24%
Long-term debt
317,761
315,846
315,827
307,566
333,749
9%
5%
Other liabilities, plus allowances(4)
74,774
74,498
86,370
73,178
70,475
(4%)
(6%)
Total liabilities
$
2,408,642
$
2,428,598
$
2,443,380
$
2,565,115
$
2,680,204
4%
11%
Stockholders' equity
Preferred stock
$
16,350
$
19,050
$
20,050
$
19,550
$
19,550
-
20%
Common stock
31
31
31
31
31
-
-
Additional paid-in capital(5)
108,839
109,010
108,452
107,821
107,343
-
(1%)
Retained earnings
211,674
214,034
215,128
219,542
223,989
2%
6%
Treasury stock, at cost
(79,886)
(84,932)
(89,473)
(95,370)
(99,398)
(4%)
(24%)
Accumulated other comprehensive income (loss) (AOCI)(5)
(43,786)
(44,170)
(41,897)
(40,615)
(39,500)
3%
10%
Total common equity
$
196,872
$
193,973
$
192,241
$
191,409
$
192,465
1%
(2%)
Total Citigroup stockholders' equity
$
213,222
$
213,023
$
212,291
$
210,959
$
212,015
1%
(1%)
Noncontrolling interests(5)
908
854
1,531
1,613
2,435
51%
168%
Total equity
214,130
213,877
213,822
212,572
214,450
1%
-
Total liabilities and equity
$
2,622,772
$
2,642,475
$
2,657,202
$
2,777,687
$
2,894,654
4%
10%
(1)
June 30, 2026 is preliminary.
(2)
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)).
(3)
Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises—Mexico SBMM, and the AFG.
(4)
Includes allowance for credit losses for unfunded lending commitments. See page 19.
(5)
The December 31, 2025 and June 30, 2026 balances include the impacts on total equity from the sales of the 25.0% and 22.6% equity stakes, respectively, in Grupo Financiero Banamex, S.A. de C.V.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 3
SEGMENT NET REVENUES AND INCOME (LOSS)
(In millions of dollars)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Revenues, net of interest expense
Services
$
5,430
$
5,730
$
6,272
$
6,103
$
6,382
5%
18%
$
10,634
$
12,485
17%
Markets
5,980
5,745
4,609
7,246
7,007
(3%)
17%
12,055
14,253
18%
Banking
1,434
1,647
1,773
1,767
1,922
9%
34%
2,964
3,689
24%
Wealth
2,814
2,839
2,862
3,065
3,177
4%
13%
5,571
6,242
12%
U.S. Consumer Cards (USCC)
4,471
4,656
4,564
4,757
4,521
(5%)
1%
9,038
9,278
3%
All Other—managed basis(1)(2)
1,716
1,471
(208)
1,682
1,737
3%
1%
3,179
3,419
8%
Reconciling Items—divestiture-related impacts(3)
(177)
2
(1)
13
20
54%
NM
(177)
33
NM
Total net revenues—reported
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Income (loss) from continuing operations
Services
$
1,728
$
2,098
$
2,512
$
2,242
$
2,597
16%
50%
$
3,577
$
4,839
35%
Markets
1,824
1,723
856
2,629
2,404
(9%)
32%
3,686
5,033
37%
Banking
91
267
355
304
351
15%
286%
313
655
109%
Wealth
385
303
299
432
583
35%
51%
576
1,015
76%
USCC
758
929
884
732
852
16%
12%
1,596
1,584
(1%)
All Other—managed basis(1)(2)
(573)
(752)
(2,273)
(388)
(761)
(96%)
(33%)
(1,412)
(1,149)
19%
Reconciling Items—divestiture-related impacts(3)
(180)
(777)
(110)
(12)
(2)
83%
99%
(195)
(14)
93%
Income (loss) from continuing operations—reported
4,033
3,791
2,523
5,939
6,024
1%
49%
8,141
11,963
47%
Discontinued operations
-
(1)
(1)
(1)
-
100%
-
(1)
(1)
-
Net income (loss) attributable to noncontrolling interests
14
38
51
153
193
26%
NM
57
346
NM
Net income (loss)
$
4,019
$
3,752
$
2,471
$
5,785
$
5,831
1%
45%
$
8,083
$
11,616
44%
(1)
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.
(2)
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.
(3)
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.
Page 4
SERVICES
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income (including dividends)
$
3,630
$
3,823
$
4,050
$
4,143
$
4,291
4%
18%
$
7,128
$
8,434
18%
Fee revenue
Commissions and fees
904
880
879
909
924
2%
2%
1,719
1,833
7%
Administration and other fiduciary fees
752
746
751
763
889
17%
18%
1,410
1,652
17%
Total fee revenue
1,656
1,626
1,630
1,672
1,813
8%
9%
3,129
3,485
11%
Principal transactions
124
190
257
263
264
-
113%
357
527
48%
All other
20
91
335
25
14
(44%)
(30%)
20
39
95%
Total non-interest revenue
1,800
1,907
2,222
1,960
2,091
7%
16%
3,506
4,051
16%
Total revenues, net of interest expense
5,430
5,730
6,272
6,103
6,382
5%
18%
10,634
12,485
17%
Total operating expenses
2,679
2,707
2,843
2,935
2,803
(4%)
5%
5,263
5,738
9%
Net credit losses (recoveries) on loans
20
11
19
3
5
67%
(75%)
26
8
(69%)
Credit reserve build (release) for loans
53
(4)
(18)
97
46
(53%)
(13%)
77
143
86%
Provision (release) for credit losses on unfunded lending commitments
(6)
(8)
3
(11)
-
100%
100%
(12)
(11)
8%
Provisions for credit losses for other assets and HTM debt securities
286
62
(15)
5
7
40%
(98%)
313
12
(96%)
Provision for credit losses
353
61
(11)
94
58
(38%)
(84%)
404
152
(62%)
Income from continuing operations before taxes
2,398
2,962
3,440
3,074
3,521
15%
47%
4,967
6,595
33%
Income taxes
670
864
928
832
924
11%
38%
1,390
1,756
26%
Income from continuing operations
1,728
2,098
2,512
2,242
2,597
16%
50%
3,577
4,839
35%
Noncontrolling interests
16
17
16
14
13
(7%)
(19%)
31
27
(13%)
Net income
$
1,712
$
2,081
$
2,496
$
2,228
$
2,584
16%
51%
$
3,546
$
4,812
36%
EOP assets (in billions)
$
618
$
627
$
628
$
649
$
645
(1%)
4%
Average assets (in billions)
593
616
630
637
659
3%
11%
$
586
$
648
11%
Efficiency ratio
49%
47%
45%
48%
44%
(400) bps
(500) bps
49%
46%
(300) bps
Average allocated TCE (in billions)(1)
$
33.0
$
33.0
$
33.0
$
33.5
$
33.5
-
2%
$
33.0
$
33.5
2%
RoTCE(1)
20.8%
25.0%
30.0%
27.0%
30.9%
390 bps
1,010 bps
21.7%
29.0%
730 bps
Revenue by line of business
Net interest income
$
2,949
$
3,121
$
3,303
$
3,424
$
3,541
3%
20%
$
5,814
$
6,965
20%
Non-interest revenue
1,063
1,099
1,182
1,192
1,198
1%
13%
2,127
2,390
12%
Treasury and Trade Solutions (TTS)
4,012
4,220
4,485
4,616
4,739
3%
18%
7,941
9,355
18%
Net interest income
681
702
747
719
750
4%
10%
1,314
1,469
12%
Non-interest revenue
737
808
1,040
768
893
16%
21%
1,379
1,661
20%
Securities Services
1,418
1,510
1,787
1,487
1,643
10%
16%
2,693
3,130
16%
Total Services
$
5,430
$
5,730
$
6,272
$
6,103
$
6,382
5%
18%
$
10,634
$
12,485
17%
Revenue by managed geography
North America
$
1,660
$
1,759
$
1,939
$
1,976
$
2,126
8%
28%
$
3,209
$
4,102
28%
International
3,770
3,971
4,333
4,127
4,256
3%
13%
7,425
8,383
13%
Total
$
5,430
$
5,730
$
6,272
$
6,103
$
6,382
5%
18%
$
10,634
$
12,485
17%
Key drivers(2) (in billions of dollars, except as otherwise noted)
Average loans by line of business
TTS
$
93
$
93
$
95
$
97
$
101
4%
9%
$
90
$
99
10%
Securities Services
1
1
1
2
2
-
100%
1
2
100%
Total
$
94
$
94
$
96
$
99
$
103
4%
10%
$
91
$
101
11%
ACLL as a % of EOP loans(3)
0.36%
0.35%
0.33%
0.42%
0.44%
2 bps
8 bps
NCLs as a % of average loans
0.09%
0.05%
0.08%
0.01%
0.02%
1 bps
(7) bps
0.06%
0.02%
(4) bps
Average deposits by line of business
TTS
$
713
$
744
$
780
$
812
$
852
5%
19%
$
702
$
832
19%
Securities Services
144
149
155
149
165
11%
15%
140
157
12%
Total
$
857
$
893
$
935
$
961
$
1,017
6%
19%
$
842
$
989
17%
AUC/AUA (in trillions of dollars)(4)
$
28.2
$
29.7
$
31.4
$
31.6
$
34.5
9%
22%
Cross-border transaction value(5)
$
101.3
$
104.8
$
115.2
$
106.3
$
114.6
8%
13%
$
196.4
$
220.9
12%
U.S. dollar clearing volume (in millions)(6)
44.3
44.8
45.3
43.9
46.3
5%
5%
87.0
90.2
4%
Commercial card spend volume
$
17.9
$
18.4
$
17.7
$
18.6
$
20.1
8%
12%
$
35.1
$
38.7
10%
(1)
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.
(2)
Management uses this information in reviewing the segment’s results and believes it is useful to investors concerning underlying segment performance and trends.
(3)
Excludes loans that are carried at fair value for all periods.
(4)
June 30, 2026 is preliminary.
(5)
Represents the total value of cross-border foreign exchange payments processed through Citi platforms.
(6)
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.
Page 5
MARKETS
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income (including dividends)
$
2,824
$
2,178
$
2,761
$
2,797
$
4,002
43%
42%
$
4,748
$
6,799
43%
Fee revenue
Brokerage and fees
399
400
364
478
469
(2%)
18%
799
947
19%
Investment banking fees(1)
106
163
120
120
143
19%
35%
241
263
9%
Other(2)
51
63
57
55
54
(2%)
6%
103
109
6%
Total fee revenue
556
626
541
653
666
2%
20%
1,143
1,319
15%
Principal transactions
2,302
2,737
1,155
3,542
2,088
(41%)
(9%)
5,587
5,630
1%
All other
298
204
152
254
251
(1%)
(16%)
577
505
(12%)
Total non-interest revenue
3,156
3,567
1,848
4,449
3,005
(32%)
(5%)
7,307
7,454
2%
Total revenues, net of interest expense
5,980
5,745
4,609
7,246
7,007
(3%)
17%
12,055
14,253
18%
Total operating expenses
3,508
3,490
3,608
3,835
3,784
(1%)
8%
6,974
7,619
9%
Net credit losses (recoveries) on loans
8
68
(12)
(3)
(10)
(233%)
NM
150
(13)
NM
Credit reserve build (release) for loans
53
(44)
(73)
23
71
209%
34%
101
94
(7%)
Provision (release) for credit losses on unfunded lending commitments
(8)
13
(7)
(23)
56
NM
NM
1
33
NM
Provisions for credit losses for other assets and HTM debt securities
55
(5)
(12)
(12)
(8)
33%
NM
57
(20)
NM
Provision for credit losses
108
32
(104)
(15)
109
NM
1%
309
94
(70%)
Income (loss) from continuing operations before taxes
2,364
2,223
1,105
3,426
3,114
(9%)
32%
4,772
6,540
37%
Income taxes (benefits)
540
500
249
797
710
(11%)
31%
1,086
1,507
39%
Income (loss) from continuing operations
1,824
1,723
856
2,629
2,404
(9%)
32%
3,686
5,033
37%
Noncontrolling interests
21
21
18
34
17
(50%)
(19%)
34
51
50%
Net income (loss)
$
1,803
$
1,702
$
838
$
2,595
$
2,387
(8%)
32%
$
3,652
$
4,982
36%
EOP assets (in billions)
$
1,164
$
1,179
$
1,185
$
1,280
$
1,363
6%
17%
Average assets (in billions)
1,219
1,229
1,247
1,325
1,406
6%
15%
$
1,169
$
1,366
17%
Efficiency ratio
59%
61%
78%
53%
54%
100 bps
(500) bps
58%
53%
(500) bps
Average allocated TCE (in billions)(3)
$
53.5
$
53.5
$
53.5
$
56.4
$
56.4
-
5%
$
53.5
$
56.4
5%
RoTCE(3)
13.5%
12.6%
6.2%
18.7%
17.0%
(170) bps
350 bps
13.8%
17.8%
400 bps
Revenue by line of business
Fixed Income Markets
$
4,388
$
4,225
$
3,554
$
5,166
$
4,706
(9%)
7%
$
8,966
$
9,872
10%
Equity Markets
1,592
1,520
1,055
2,080
2,301
11%
45%
3,089
4,381
42%
Total
$
5,980
$
5,745
$
4,609
$
7,246
$
7,007
(3%)
17%
$
12,055
$
14,253
18%
Rates and Currencies
$
3,221
$
2,963
$
2,449
$
3,311
$
3,247
(2%)
1%
$
6,337
$
6,558
3%
Spread Products / Other Fixed Income
1,167
1,262
1,105
1,855
1,459
(21%)
25%
2,629
3,314
26%
Total Fixed Income Markets revenues
$
4,388
$
4,225
$
3,554
$
5,166
$
4,706
(9%)
7%
$
8,966
$
9,872
10%
Revenue by managed geography
North America
$
2,124
$
2,270
$
1,826
$
2,559
$
2,561
-
21%
$
4,293
$
5,120
19%
International
3,856
3,475
2,783
4,687
4,446
(5%)
15%
7,762
9,133
18%
Total
$
5,980
$
5,745
$
4,609
$
7,246
$
7,007
(3%)
17%
$
12,055
$
14,253
18%
Key drivers(4) (in billions of dollars)
Average loans
$
136
$
147
$
152
$
162
$
176
9%
29%
$
132
$
169
28%
NCLs (annualized) as a % of average loans
0.02%
0.18%
(0.03%)
(0.01%)
(0.02%)
(1) bps
(4) bps
0.23%
(0.02%)
(25) bps
ACLL as a % of EOP loans(5)
0.85%
0.78%
0.67%
0.67%
0.64%
(3) bps
(21) bps
Average trading account assets
$
547
$
555
$
556
$
573
$
603
5%
10%
$
511
$
588
15%
(1)
Investment banking fees are primarily composed of underwriting, advisory, loan syndication structuring, and other related financing activity.
(2)
Primarily includes other non-brokerage and investment banking fees from customer-driven activities.
(3)
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.
(4)
Management uses this information in reviewing the segment’s results and believes it is useful to investors concerning underlying segment performance and trends.
(5)
Excludes loans that are carried at fair value for all periods.
NM Not meaningful.
Reclassified to conform to the current period’s presentation.
Page 6
BANKING
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income (including dividends)
$
530
$
562
$
549
$
587
$
560
(5%)
6%
$
1,021
$
1,147
12%
Fee revenue
Investment banking fees(1)
1,058
1,169
1,287
1,232
1,492
21%
41%
2,162
2,724
26%
Other(2)
59
65
60
64
57
(11%)
(3%)
108
121
12%
Total fee revenue
1,117
1,234
1,347
1,296
1,549
20%
39%
2,270
2,845
25%
Principal transactions
(179)
(164)
(119)
(38)
(147)
(287%)
18%
(269)
(185)
31%
All other
(34)
15
(4)
(78)
(40)
49%
(18%)
(58)
(118)
(103%)
Total non-interest revenue
904
1,085
1,224
1,180
1,362
15%
51%
1,943
2,542
31%
Total revenues, net of interest expense
1,434
1,647
1,773
1,767
1,922
9%
34%
2,964
3,689
24%
Total operating expenses
1,137
1,139
1,152
1,240
1,212
(2%)
7%
2,171
2,452
13%
Net credit losses on loans
16
9
25
6
138
NM
NM
50
144
188%
Credit reserve build (release) for loans
137
38
136
175
(19)
NM
NM
215
156
(27%)
Provision (release) for credit losses on unfunded lending commitments
2
98
14
(51)
119
NM
NM
109
68
(38%)
Provisions for credit losses for other assets and HTM debt securities
18
12
1
2
4
100%
(78%)
13
6
(54%)
Provision for credit losses
173
157
176
132
242
83%
40%
387
374
(3%)
Income (loss) from continuing operations before taxes
124
351
445
395
468
18%
277%
406
863
113%
Income taxes (benefits)
33
84
90
91
117
29%
255%
93
208
124%
Income (loss) from continuing operations
91
267
355
304
351
15%
286%
313
655
109%
Noncontrolling interests
(2)
(3)
1
-
1
NM
NM
(3)
1
NM
Net income (loss)
$
93
$
270
$
354
$
304
$
350
15%
276%
$
316
$
654
107%
EOP assets (in billions)
$
148
$
141
$
140
$
154
$
145
(6%)
(2%)
Average assets (in billions)
150
149
146
154
160
4%
7%
$
147
$
157
7%
Efficiency ratio
79%
69%
65%
70%
63%
(700) bps
(1,600) bps
73%
66%
(700) bps
Average allocated TCE (in billions)(3)
$
9.2
$
9.2
$
9.2
$
7.8
$
7.8
-
(15%)
$
9.2
$
7.8
(15%)
RoTCE(3)
4.1%
11.6%
15.3%
15.8%
18.0%
220 bps
1,390 bps
6.9%
16.9%
1,000 bps
Revenue by line of business
Investment Banking
$
1,073
$
1,238
$
1,356
$
1,326
$
1,548
17%
44%
$
2,187
$
2,874
31%
Corporate Lending (excluding gain (loss) on loan hedges)(4)
423
453
443
391
406
4%
(4%)
825
797
(3%)
Total Banking revenues (ex-gain (loss) on loan hedges)(4)
1,496
1,691
1,799
1,717
1,954
14%
31%
3,012
3,671
22%
Gain (loss) on loan hedges(4)
(62)
(44)
(26)
50
(32)
NM
48%
(48)
18
NM
Total Banking revenues including gain (loss) on loan hedges(4)
$
1,434
$
1,647
$
1,773
$
1,767
$
1,922
9%
34%
$
2,964
$
3,689
24%
Business metrics—investment banking revenues(5)
Advisory
$
407
$
425
$
649
$
505
$
390
(23%)
(4%)
$
833
$
895
7%
Equity underwriting (Equity Capital Markets (ECM))
222
194
219
257
426
66%
92%
357
683
91%
Debt underwriting (Debt Capital Markets (DCM))
444
619
488
564
732
30%
65%
997
1,296
30%
Total
$
1,073
$
1,238
$
1,356
$
1,326
$
1,548
17%
44%
$
2,187
$
2,874
31%
Revenue by managed geography
North America
$
648
$
862
$
1,023
$
1,109
$
1,087
(2%)
68%
$
1,522
$
2,196
44%
International
786
785
750
658
835
27%
6%
1,442
1,493
4%
Total
$
1,434
$
1,647
$
1,773
$
1,767
$
1,922
9%
34%
$
2,964
$
3,689
24%
Key drivers(6) (in billions of dollars)
Average loans
$
84
$
81
$
79
$
83
$
88
6%
5%
$
83
$
86
4%
NCLs (annualized) as a % of average loans
0.08%
0.04%
0.13%
0.03%
0.63%
60 bps
55 bps
0.12%
0.34%
22 bps
ACLL as a % of EOP loans(7)
1.72%
1.83%
2.04%
2.06%
2.16%
10 bps
44 bps
(1)
Investment banking fees are primarily composed of underwriting, advisory, loan syndication structuring, and other related financing activity.
(2)
Primarily includes other non-investment banking fees from customer-driven activities.
(3)
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.
(4)
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.
(5)
Beginning in 2Q26, the investment banking fees metric for Banking was replaced with investment banking revenues. This metric includes investment banking fees, other fee revenue, principal transactions, and net interest income from loans generated from investment banking business activities. Prior-period amounts have been conformed to reflect this change in presentation. Citi believes investment banking revenues provides investors with a more comprehensive measure of investment banking performance.
(6)
Management uses this information in reviewing the segment’s results and believes it is useful to investors concerning underlying segment performance and trends.
(7)
Excludes loans that are carried at fair value for all periods.
NM Not meaningful.
Reclassified to conform to the current period’s presentation.
Page 7
WEALTH
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income
$
1,831
$
1,902
$
2,018
$
2,095
$
2,155
3%
18%
$
3,662
$
4,250
16%
Fee revenue
Commissions and fees
454
494
465
543
587
8%
29%
938
1,130
20%
Other(1)
246
232
238
207
206
-
(16%)
493
413
(16%)
Total fee revenue
700
726
703
750
793
6%
13%
1,431
1,543
8%
All other(2)
283
211
141
220
229
4%
(19%)
478
449
(6%)
Total non-interest revenue
983
937
844
970
1,022
5%
4%
1,909
1,992
4%
Total revenues, net of interest expense
2,814
2,839
2,862
3,065
3,177
4%
13%
5,571
6,242
12%
Total operating expenses
2,313
2,375
2,377
2,415
2,377
(2%)
3%
4,703
4,792
2%
Net credit losses on loans
73
91
80
88
57
(35%)
(22%)
140
145
4%
Credit reserve build (release) for loans
(65)
(16)
6
13
-
(100%)
100%
(1)
13
NM
Provision (release) for credit losses on unfunded lending commitments
(1)
(1)
1
-
2
NM
NM
(2)
2
NM
Provisions for benefits and claims (PBC), and other assets
-
(1)
-
-
-
-
-
(4)
-
100%
Provisions for credit losses and for PBC
7
73
87
101
59
(42%)
NM
133
160
20%
Income from continuing operations before taxes
494
391
398
549
741
35%
50%
735
1,290
76%
Income taxes
109
88
99
117
158
35%
45%
159
275
73%
Income from continuing operations
385
303
299
432
583
35%
51%
576
1,015
76%
Noncontrolling interests
-
-
-
-
-
-
-
-
-
-
Net income
$
385
$
303
$
299
$
432
$
583
35%
51%
$
576
$
1,015
76%
EOP assets (in billions)
$
308
$
313
$
316
$
320
$
321
-
4%
Average assets (in billions)
305
315
325
321
324
1%
6%
$
303
$
323
7%
Efficiency ratio
82%
84%
83%
79%
75%
(400) bps
(700) bps
84%
77%
(700) bps
Average allocated TCE (in billions)(3)
$
15.4
$
15.4
$
15.4
$
16.2
$
16.2
-
5%
$
15.4
$
16.2
5%
RoTCE(3)
10.0%
7.8%
7.7%
10.8%
14.4%
360 bps
440 bps
7.5%
12.6%
510 bps
Revenue by line of business
Citigold and Retail Banking
$
1,862
$
1,969
$
2,010
$
2,062
$
2,181
6%
17%
$
3,687
$
4,243
15%
Private Bank
731
656
625
757
769
2%
5%
1,395
1,526
9%
Wealth at Work
221
214
227
246
227
(8%)
3%
489
473
(3%)
Total
$
2,814
$
2,839
$
2,862
$
3,065
$
3,177
4%
13%
$
5,571
$
6,242
12%
Revenue by managed geography
North America
$
1,729
$
1,741
$
1,825
$
1,893
$
1,977
4%
14%
$
3,463
$
3,870
12%
International
1,085
1,098
1,037
1,172
1,200
2%
11%
2,108
2,372
13%
Total
$
2,814
$
2,839
$
2,862
$
3,065
$
3,177
4%
13%
$
5,571
$
6,242
12%
Key drivers(4) (in billions of dollars)
EOP client balances
Client investment assets(5)(6)(7)
$
635
$
660
$
670
$
676
$
727
8%
14%
Deposits
400
408
413
418
415
(1%)
4%
Loans
200
202
204
205
208
2%
4%
Total
$
1,235
$
1,270
$
1,287
$
1,299
$
1,350
4%
9%
Net new investment assets (NNIA)(7)(8)
$
2.0
$
18.6
$
7.2
$
14.7
$
15.7
7%
NM
$
18.5
$
30.4
64%
Average deposits
398
405
407
414
415
-
4%
399
415
4%
Average loans
197
201
203
205
206
-
5%
196
206
5%
ACLL as a % of EOP loans(9)
0.34%
0.33%
0.33%
0.33%
0.33%
0 bps
(1) bps
NCLs (annualized) as a % of average loans
0.15%
0.18%
0.16%
0.17%
0.11%
(6) bps
(4) bps
0.14%
0.14%
0 bps
U.S. Retail Banking branches (actual)
650
653
655
655
655
-
1%
(1)
Primarily related to fiduciary and administrative fees.
(2)
Primarily related to principal transactions revenue including FX translation.
(3)
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.
(4)
Management uses this information in reviewing the segment’s results and believes it is useful to investors concerning underlying segment performance and trends.
(5)
Includes assets under management, and trust and custody assets.
(6)
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.
(7)
June 30, 2026 is preliminary.
(8)
Represents investment asset inflows, including dividends, interest and distributions, less investment asset outflows.
(9)
Excludes loans that are carried at fair value for all periods.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 8
U.S. CONSUMER CARDS (USCC)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income
$
4,918
$
5,124
$
5,143
$
5,116
$
5,180
1%
5%
$
9,902
$
10,296
4%
Fee revenue
Interchange fees(1)
2,459
2,448
2,526
2,404
2,740
14%
11%
4,744
5,144
8%
Card rewards and partner payments
(3,008)
(3,031)
(3,215)
(2,897)
(3,563)
(23%)
(18%)
(5,829)
(6,460)
(11%)
Other(1)
103
114
114
112
160
43%
55%
199
272
37%
Total fee revenue
(446)
(469)
(575)
(381)
(663)
(74%)
(49%)
(886)
(1,044)
(18%)
All other(2)
(1)
1
(4)
22
4
(82%)
NM
22
26
18%
Total non-interest revenue
(447)
(468)
(579)
(359)
(659)
(84%)
(47%)
(864)
(1,018)
(18%)
Total revenues, net of interest expense
4,471
4,656
4,564
4,757
4,521
(5%)
1%
9,038
9,278
3%
Total operating expenses
1,626
1,644
1,794
1,711
1,794
5%
10%
3,317
3,505
6%
Net credit losses on loans
1,856
1,741
1,739
1,742
1,850
6%
-
3,810
3,592
(6%)
Credit reserve build (release) for loans
(5)
55
(117)
76
40
(47)%
NM
(179)
116
NM
Provision (release) for credit losses on unfunded lending commit.(3)
-
-
-
272
(272)
NM
NM
-
-
-
Provisions for benefits and claims (PBC), and other assets
1
3
2
2
-
(100%)
(100%)
4
2
(50%)
Provisions for credit losses and for PBC
1,852
1,799
1,624
2,092
1,618
(23%)
(13%)
3,635
3,710
2%
Income from continuing operations before taxes
993
1,213
1,146
954
1,109
16%
12%
2,086
2,063
(1%)
Income taxes
235
284
262
222
257
16%
9%
490
479
(2%)
Income from continuing operations
758
929
884
732
852
16%
12%
1,596
1,584
(1%)
Noncontrolling interests
-
-
-
-
-
-
-
-
-
-
Net income
$
758
$
929
$
884
$
732
$
852
16%
12%
$
1,596
$
1,584
(1%)
EOP assets (in billions)
$
171
$
171
$
178
$
171
$
182
6%
6%
Average assets (in billions)
168
171
173
172
178
3%
6%
$
169
$
175
4%
Efficiency ratio
36%
35%
39%
36%
40%
400 bps
400 bps
37%
38%
100 bps
Average allocated TCE (in billions)(4)
$
20.3
$
20.3
$
20.3
$
15.5
$
15.5
-
(24%)
$
20.3
$
15.5
(24%)
RoTCE(4)
15.0%
18.2%
17.3%
19.2%
22.0%
280 bps
700 bps
15.9%
20.6%
470 bps
Key drivers(5) (in billions)
Average loans
$
168
$
171
$
172
$
171
$
177
4%
5%
$
168
$
174
4%
ACLL as a % of EOP loans
8.08%
8.09%
7.74%
8.09%
7.68%
(41) bps
(40) bps
NCLs (annualized) as a % of average loans
4.43%
4.05%
4.00%
4.12%
4.19%
7 bps
(24) bps
4.57%
4.16%
(41) bps
Revenue rate(6)
10.67%
10.80%
10.53%
11.28%
10.25%
(103) bps
(42) bps
10.85%
10.75%
(10) bps
NII(7) (annualized) as a % of average loans
11.74%
11.89%
11.86%
12.13%
11.74%
(39) bps
0 bps
11.89%
11.93%
4 bps
(1)
Primarily includes credit card-related fees.
(2)
Primarily related to revenue incentives from card networks.
(3)
1Q26 includes a reserve build related to Citi's forward purchase commitment of the additional American Airlines co-branded card portfolio. This was released from unfunded lending commitments in 2Q26 and re-established as a reserve for the loans that were acquired.
(4)
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.
(5)
Management uses this information in reviewing the segment’s results and believes it is useful to investors concerning underlying segment performance and trends.
(6)
Total revenues, net of interest expense (annualized) as a % of average loans.
(7)
Net interest income includes certain fees that are recorded as interest revenue.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 9
USCC
Metrics
2Q26 Increase/
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Key drivers(1)(2) (in billions of dollars, except as otherwise noted)
2025
2025
2025
2026
2026
1Q26
2Q25
New credit cards account acquisitions (in thousands)
General Purpose Credit Cards (GPCC)(3)
1,704
1,872
2,115
1,899
4,004
111%
135%
Private Label Credit Cards (PLCC)(4)
1,551
1,339
1,572
1,043
1,372
32%
(12%)
Credit card spend volume
GPCC
$
144.8
$
144.5
$
152.4
$
141.5
$
162.3
15%
12%
PLCC
13.9
12.6
13.9
10.5
13.2
26%
(5%)
Average loans(5)
GPCC
$
134.4
$
136.8
$
138.6
$
138.6
$
144.9
5%
8%
PLCC
30.1
30.0
29.8
28.9
28.3
(2%)
(6%)
Installment Lending
3.7
3.7
3.9
3.8
3.8
-
3%
EOP loans(5)
GPCC
$
136.8
$
137.7
$
143.2
$
138.7
$
149.2
8%
9%
PLCC
30.4
29.8
30.5
28.3
28.4
-
(7%)
Installment Lending
3.7
3.8
3.8
3.8
3.8
-
3%
NCLs as a % of average loans
GPCC
4.20%
3.85%
3.78%
3.87%
4.01%
14 bps
(19) bps
PLCC
5.18%
4.67%
4.77%
5.05%
4.79%
(26) bps
(39) bps
Installment Lending
6.29%
6.43%
6.00%
6.19%
6.54%
35 bps
25 bps
Loans 90+ days past due as a % of EOP loans
GPCC
1.30%
1.27%
1.32%
1.39%
1.21%
(18) bps
(9) bps
PLCC
2.00%
2.08%
2.13%
2.15%
1.92%
(23) bps
(8) bps
Installment Lending
0.57%
0.58%
0.58%
0.55%
0.53%
(2) bps
(4) bps
Loans 30-89 days past due as a % of EOP loans
GPCC
1.12%
1.21%
1.23%
1.20%
1.17%
(3) bps
5 bps
PLCC
1.89%
2.07%
1.99%
1.98%
1.84%
(14) bps
(5) bps
Installment Lending
1.35%
1.26%
1.37%
1.42%
1.24%
(18) bps
(11) bps
(1)
Management uses this information in reviewing the segment’s results and believes it is useful to investors concerning underlying segment performance and trends.
(2)
On April 24, 2026, Citi completed the acquisition of the $6.6 billion additional American Airlines co-branded card portfolio.
(3)
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.
(4)
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.
(5)
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.
Page 10
ALL OTHER—MANAGED BASIS(1)(2)(3)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income
$
1,442
$
1,351
$
1,144
$
1,003
$
937
(7%)
(35%)
$
2,726
$
1,940
(29%)
Non-interest revenue(4)(5)
274
120
(1,352)
679
800
18%
192%
453
1,479
226%
Total revenues, net of interest expense
1,716
1,471
(208)
1,682
1,737
3%
1%
3,179
3,419
8%
Total operating expenses(5)(6)(7)(8)(9)
2,277
2,169
2,026
2,144
2,220
4%
(3%)
4,503
4,364
(3%)
Net credit losses on loans
256
297
341
371
366
(1%)
43%
512
737
44%
Credit reserve build (release) for loans
70
16
75
13
61
369%
(13%)
143
74
(48%)
Provision (release) for credit losses on unfunded lending commitments
(6)
(6)
2
(3)
(2)
33%
67%
(7)
(5)
29%
Provisions for benefits and claims (PBC), other assets and HTM debt securities
54
24
31
19
13
(32%)
(76%)
85
32
(62%)
Provisions for credit losses and for PBC
374
331
449
400
438
10%
17%
733
838
14%
Income (loss) from continuing operations before taxes
(935)
(1,029)
(2,683)
(862)
(921)
(7%)
1%
(2,057)
(1,783)
13%
Income taxes (benefits)
(362)
(277)
(410)
(474)
(160)
66%
56%
(645)
(634)
2%
Income (loss) from continuing operations
(573)
(752)
(2,273)
(388)
(761)
(96%)
(33%)
(1,412)
(1,149)
19%
Income (loss) from discontinued operations, net of taxes
-
(1)
(1)
(1)
-
100%
-
(1)
(1)
-
Noncontrolling interests
(21)
3
16
105
162
54%
NM
(5)
267
NM
Net income (loss)
$
(552)
$
(756)
$
(2,290)
$
(494)
$
(923)
(87%)
(67%)
$
(1,408)
$
(1,417)
(1%)
EOP assets (in billions)
$
214
$
211
$
210
$
204
$
239
17%
12%
Average assets (in billions)
213
209
202
208
209
-
(2%)
$
209
$
207
(1%)
Efficiency ratio
133%
147%
(974%)
127%
128%
NM
NM
142%
128%
NM
Average allocated TCE (in billions)(10)
$
40.7
$
40.9
$
39.0
$
39.8
$
39.7
-
(2%)
$
39.3
$
39.8
1%
Revenue by line of business
Mexico Consumer/SBMM
$
1,536
$
1,722
$
1,775
$
2,054
$
1,991
(3%)
30%
$
3,003
$
4,045
35%
Asia Consumer(4)(11)
155
149
(1,434)
105
77
(27%)
(50%)
290
182
(37%)
Legacy Holdings Assets (LHA)
-
-
(12)
2
(15)
NM
NM
19
(13)
NM
Corporate/Other
25
(400)
(537)
(479)
(316)
34%
NM
(133)
(795)
(498%)
Total
$
1,716
$
1,471
$
(208)
$
1,682
$
1,737
3%
1%
$
3,179
$
3,419
8%
Mexico Consumer/SBMM—key indicators (in billions of dollars)
EOP loans
$
26.8
$
28.5
$
30.0
$
30.6
$
32.0
5%
19%
EOP deposits
38.4
40.6
43.8
43.8
46.0
5%
20%
Average loans
25.5
27.2
29.2
30.7
31.7
3%
24%
NCLs as a % of average loans (Mexico Consumer only)
5.28%
5.46%
5.91%
6.37%
6.13%
(24) bps
85 bps
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)
1.58%
1.60%
1.72%
1.71%
1.79%
8 bps
21 bps
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)
1.52%
1.58%
1.59%
1.64%
1.59%
(5) bps
7 bps
Asia Consumer—key indicators (in billions of dollars)(12)(13)
EOP loans
$
3.0
$
2.7
$
2.5
$
2.2
$
2.1
(5%)
(30%)
EOP deposits
1.5
1.3
1.1
0.9
0.8
(11%)
(47%)
Average loans
4.0
2.8
2.6
2.4
2.2
(8%)
(45%)
Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans
$
2.1
$
1.8
$
1.8
$
1.7
$
1.1
(35%)
(48%)
(1)
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.
(2)
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.
(3)
Certain of the results of operations of All Other—managed basis are non-GAAP financial measures. See page 14 for additional information.
(4)
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.
(5)
See footnote 2 on page 14.
(6)
See footnote 3 on page 14.
(7)
See footnote 4 on page 14.
(8)
See footnote 5 on page 14.
(9)
See footnote 6 on page 14.
(10)
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.
(11)
Asia Consumer includes revenues from the Poland and Russia consumer banking businesses.
(12)
Asia Consumer also includes loans and deposits in Poland (through 1Q25).
(13)
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.
Page 11
ALL OTHER—MANAGED BASIS(1)(2)
Legacy Franchises(3)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income
$
1,271
$
1,338
$
1,379
$
1,479
$
1,484
-
17%
$
2,438
$
2,963
22%
Non-interest revenue(4)(5)
420
533
(1,050)
682
569
(17%)
35%
874
1,251
43%
Total revenues, net of interest expense
1,691
1,871
329
2,161
2,053
(5%)
21%
3,312
4,214
27%
Total operating expenses(5)(6)(7)(8)(9)
1,287
1,320
1,222
1,324
1,243
(6%)
(3%)
2,621
2,567
(2%)
Net credit losses on loans
256
297
341
371
366
(1%)
43%
512
737
44%
Credit reserve build (release) for loans
70
16
75
13
61
369%
(13%)
143
74
(48%)
Provision (release) for credit losses on unfunded lending commitments
(6)
(6)
2
(3)
(2)
33%
67%
(7)
(5)
29%
Provisions for benefits and claims (PBC), other assets and HTM debt securities
51
20
29
28
15
(46%)
(71%)
81
43
(47%)
Provisions for credit losses and for PBC
371
327
447
409
440
8%
19%
729
849
16%
Income (loss) from continuing operations before taxes
33
224
(1,340)
428
370
(14%)
NM
(38)
798
NM
Income taxes (benefits)
(5)
66
147
137
120
(12%)
NM
(30)
257
NM
Income (loss) from continuing operations
38
158
(1,487)
291
250
(14%)
NM
(8)
541
NM
Noncontrolling interests
(22)
3
9
114
159
39%
NM
(8)
273
NM
Net income (loss)
$
60
$
155
$
(1,496)
$
177
$
91
(49%)
52%
$
-
$
268
NM
EOP assets (in billions)
$
83
$
86
$
86
$
87
$
87
-
5%
Average assets (in billions)
81
85
87
88
90
2%
11%
$
79
$
89
13%
Efficiency ratio
76%
71%
371%
61%
61%
NM
NM
79%
61%
NM
Average allocated TCE (in billions)(10)
$
5.1
$
5.1
$
5.1
$
5.7
$
5.7
-
12%
$
5.1
$
5.7
12%
Revenue by line of business
Mexico Consumer/SBMM(3)
$
1,536
$
1,722
$
1,775
$
2,054
$
1,991
(3%)
30%
$
3,003
$
4,045
35%
Asia Consumer(4) (11)
155
149
(1,434)
105
77
(27%)
(50%)
290
182
(37%)
Legacy Holdings Assets (LHA)
-
-
(12)
2
(15)
NM
NM
19
(13)
NM
Total
$
1,691
$
1,871
$
329
$
2,161
$
2,053
(5%)
21%
$
3,312
$
4,214
27%
Mexico Consumer/SBMM(3)—key indicators (in billions of dollars)
EOP loans
$
26.8
$
28.5
$
30.0
$
30.6
$
32.0
5%
19%
EOP deposits
38.4
40.6
43.8
43.8
46.0
5%
20%
Average loans
25.5
27.2
29.2
30.7
31.7
3%
24%
NCLs as a % of average loans (Mexico Consumer only)
5.28%
5.46%
5.91%
6.37%
6.13%
(24) bps
85 bps
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)
1.58%
1.60%
1.72%
1.71%
1.79%
8 bps
21 bps
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)
1.52%
1.58%
1.59%
1.64%
1.59%
(5) bps
7 bps
Asia Consumer—key indicators (in billions of dollars)(12)(13)
EOP loans
$
3.0
$
2.7
$
2.5
$
2.2
$
2.1
(5%)
(30%)
EOP deposits
1.5
1.3
1.1
0.9
0.8
(11%)
(47%)
Average loans
4.0
2.8
2.6
2.4
2.2
(8%)
(45%)
Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans
$
2.1
$
1.8
$
1.8
$
1.7
$
1.1
(35%)
(48%)
(1)
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. 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.
(2)
Certain of the results of operations of All Other—managed basis are non-GAAP financial measures. See page 14 for additional information.
(3)
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).
(4)
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.
(5)
See footnote 2 on page 14.
(6)
See footnote 3 on page 14.
(7)
See footnote 4 on page 14.
(8)
See footnote 5 on page 14.
(9)
See footnote 6 on page 14.
(10)
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.
(11)
Asia Consumer includes revenues from the Poland and Russia consumer banking businesses.
(12)
Asia Consumer also includes loans and deposits in Poland (through 1Q25).
(13)
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.
Page 12
ALL OTHER
Corporate/Other(1)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income
$
171
$
13
$
(235)
$
(476)
$
(547)
(15%)
NM
$
288
$
(1,023)
NM
Non-interest revenue
(146)
(413)
(302)
(3)
231
NM
NM
(421)
228
NM
Total revenues, net of interest expense
25
(400)
(537)
(479)
(316)
34%
NM
(133)
(795)
(498%)
Total operating expenses
990
849
804
820
977
19%
(1%)
1,882
1,797
(5%)
Provisions for other assets, HTM debt securities and other
3
4
2
(9)
(2)
78%
NM
4
(11)
NM
Income (loss) from continuing operations before taxes
(968)
(1,253)
(1,343)
(1,290)
(1,291)
-
(33%)
(2,019)
(2,581)
(28%)
Income taxes (benefits)
(357)
(343)
(557)
(611)
(280)
54%
22%
(615)
(891)
(45%)
Income (loss) from continuing operations
(611)
(910)
(786)
(679)
(1,011)
(49%)
(65%)
(1,404)
(1,690)
(20%)
Income (loss) from discontinued operations, net of taxes
-
(1)
(1)
(1)
-
100%
-
(1)
(1)
-
Noncontrolling interests
1
-
7
(9)
3
NM
200%
3
(6)
NM
Net income (loss)
$
(612)
$
(911)
$
(794)
$
(671)
$
(1,014)
(51%)
(66%)
$
(1,408)
$
(1,685)
(20%)
EOP assets (in billions)
$
131
$
125
$
124
$
117
$
152
30%
16%
Average allocated TCE (in billions)(2)
35.6
35.8
33.9
34.1
34.0
-
(4%)
$
34.2
$
34.1
-
(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.
(2)
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.
Page 13
ALL OTHER
Divestiture-Related Impacts
(Reconciling Items)(1)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Net interest income
$
-
$
-
$
-
$
-
$
-
-
-
$
-
$
-
-
Non-interest revenue(2)
(177)
2
(1)
13
20
54%
NM
(177)
33
NM
Total revenues, net of interest expense
(177)
2
(1)
13
20
54%
NM
(177)
33
NM
Total operating expenses(2)(3)(4)(5)(6)
37
766
40
31
25
(19%)
(32%)
71
56
(21%)
Net credit losses on loans
5
(3)
(2)
1
(2)
NM
NM
5
(1)
NM
Credit reserve build (release) for loans
-
-
1
-
-
-
-
(11)
-
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
5
(3)
(1)
1
(2)
NM
NM
(6)
(1)
83%
Income (loss) from continuing operations before taxes
(219)
(761)
(40)
(19)
(3)
84%
99%
(242)
(22)
91%
Income taxes (benefits)
(39)
16
70
(7)
(1)
86%
97%
(47)
(8)
83%
Income (loss) from continuing operations
(180)
(777)
(110)
(12)
(2)
83%
99%
(195)
(14)
93%
Income (loss) from discontinued operations, net of taxes
-
-
-
-
-
-
-
-
-
-
Noncontrolling interests
-
-
-
-
-
-
-
-
-
-
Net income (loss)
$
(180)
$
(777)
$
(110)
$
(12)
$
(2)
83%
99%
$
(195)
$
(14)
93%
(1) 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.
(2) 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.
(3) 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.
(4) 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.
(5) 1Q26 includes approximately $31 million in operating expenses (approximately $23 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 March 31, 2026.
(6) 2Q26 includes approximately $25 million in operating expenses (approximately $18 million after-tax), primarily related to separation costs in Mexico.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 14
AVERAGE BALANCES AND INTEREST RATES(1)(2)(3)(4)
Taxable Equivalent Basis
(In millions of dollars, except as otherwise noted)
Average Volumes
Interest
% Average Rate(4)
2Q25
1Q26
2Q26(5)
2Q25
1Q26
2Q26(5)
2Q25
1Q26
2Q26(5)
Assets
Deposits with banks
$
298,158
$
344,971
$
359,133
$
3,043
$
3,194
$
3,375
4.09%
3.75%
3.77%
Securities borrowed and purchased under resale agreements(6)
375,205
394,172
440,589
6,621
6,681
6,852
7.08%
6.87%
6.24%
Trading account assets(7)
506,877
535,116
559,737
5,821
4,897
6,112
4.61%
3.71%
4.38%
Investments
449,852
443,526
453,144
4,215
4,028
4,098
3.76%
3.68%
3.63%
Consumer loans
390,349
403,807
410,349
9,771
9,977
10,156
10.04%
10.02%
9.93%
Corporate loans
321,827
351,398
374,696
5,212
5,269
5,502
6.50%
6.08%
5.89%
Total loans (net of unearned income)(8)
712,176
755,205
785,045
14,983
15,246
15,658
8.44%
8.19%
8.00%
Other interest-earning assets
83,064
123,549
113,683
1,204
1,496
1,595
5.81%
4.91%
5.63%
Total average interest-earning assets
$
2,425,332
$
2,596,539
$
2,711,331
$
35,887
$
35,542
$
37,690
5.93%
5.55%
5.58%
Liabilities
Deposits
$
1,138,996
$
1,236,277
$
1,295,173
$
8,685
$
8,253
$
8,747
3.06%
2.71%
2.71%
Securities loaned and sold under repurchase agreements(6)
421,198
412,607
449,213
6,938
6,598
6,713
6.61%
6.49%
5.99%
Trading account liabilities(7)
104,148
118,413
131,577
748
769
788
2.88%
2.63%
2.40%
Short-term borrowings and other interest-bearing liabilities
140,571
185,229
189,438
1,800
1,832
2,046
5.14%
4.01%
4.33%
Long-term debt(9)
182,803
184,573
176,982
2,513
2,320
2,243
5.51%
5.10%
5.08%
Total average interest-bearing liabilities
$
1,987,716
$
2,137,099
$
2,242,383
$
20,684
$
19,772
$
20,537
4.17%
3.75%
3.67%
Net interest income as a % of average interest-earning assets (NIM)(9)
$
15,203
$
15,770
$
17,153
2.51%
2.46%
2.54%
2Q26 increase (decrease) from:
3 bps
8 bps
(1)
Interest income and Net interest income include the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $28 million for 2Q25, $29 million for 1Q26 and $28 million for 2Q26.
(2)
Citigroup average balances and interest rates include both domestic and international operations.
(3)
Monthly averages have been used by certain subsidiaries where daily averages are unavailable.
(4)
Average rate percentage is calculated as annualized interest over average volumes.
(5)
2Q26 is preliminary.
(6)
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).
(7)
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.
(8)
Nonperforming loans are included in the average loan balances.
(9)
Excludes hybrid financial instruments with changes in fair value recorded in Principal transactions revenue.
Reclassified to conform to the current period's presentation.
Page 15
END-OF-PERIOD LOANS(1)(2)
(In billions of dollars)
2Q26 Increase/
2Q
3Q
4Q
1Q
2Q
(Decrease) from
2025
2025
2025
2026
2026
1Q26
2Q25
Corporate loans by region
North America
$
146.5
$
150.1
$
155.2
$
163.6
$
174.8
7%
19%
International
183.1
185.2
188.5
195.6
202.3
3%
10%
Total corporate loans
$
329.6
$
335.3
$
343.7
$
359.2
$
377.1
5%
14%
Corporate loans by segment and reporting unit
Services
$
96.4
$
99.4
$
99.5
$
101.5
$
106.6
5%
11%
Markets
144.3
149.7
159.4
165.2
182.5
10%
26%
Banking
81.9
78.8
77.2
84.6
79.8
(6%)
(3%)
All Other—Legacy Franchises—Mexico SBMM and AFG(3)
7.0
7.4
7.6
7.9
8.2
4%
17%
Total corporate loans
$
329.6
$
335.3
$
343.7
$
359.2
$
377.1
5%
14%
Wealth by region
North America
$
147.3
$
148.2
$
150.2
$
150.4
$
151.9
1%
3%
International
52.7
53.5
54.1
54.6
56.2
3%
7%
Total
$
200.0
$
201.7
$
204.3
$
205.0
$
208.1
2%
4%
USCC
GPCC
$
136.8
$
137.7
$
143.2
$
138.7
$
149.2
8%
9%
PLCC
30.4
29.8
30.5
28.3
28.4
-
(7%)
Installment Lending
3.7
3.8
3.8
3.8
3.8
-
3%
Total
$
170.9
$
171.3
$
177.5
$
170.8
$
181.4
6%
6%
All Other—Consumer
Mexico Consumer
$
20.0
$
21.2
$
22.5
$
22.8
$
23.9
5%
20%
Asia Consumer
3.0
2.7
2.5
2.2
2.1
(5%)
(30%)
Legacy Holdings Assets (LHA)
1.9
1.7
1.7
1.6
1.0
(38%)
(47%)
Total
$
24.9
$
25.6
$
26.7
$
26.6
$
27.0
2%
8%
Total consumer loans
$
395.8
$
398.6
$
408.5
$
402.4
$
416.5
4%
5%
Total loans—EOP
$
725.3
$
733.9
$
752.2
$
761.6
$
793.7
4%
9%
Total loans—average
$
712.2
$
725.0
$
736.7
$
755.2
$
785.0
4%
10%
NCLs as a % of total average loans
1.26%
1.21%
1.18%
1.19%
1.23%
4 bps
(3) bps
(1)
Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises—Mexico SBMM, and the AFG.
(2)
Consumer loans include loans managed by USCC, Wealth, and All Other—Legacy Franchises (other than Mexico SBMM, and the AFG).
(3)
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.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 16
END-OF-PERIOD DEPOSITS
(In billions of dollars)
2Q26 Increase/
2Q
3Q
4Q
1Q
2Q
(Decrease) from
2025
2025
2025
2026
2026
1Q26
2Q25
Services, Markets, and Banking by region (institutional)
North America
$
414.4
$
428.3
$
452.9
$
478.5
$
518.1
8%
25%
International
477.2
483.1
481.3
499.3
504.3
1%
6%
Total
$
891.6
$
911.4
$
934.2
$
977.8
$
1,022.4
5%
15%
Treasury and Trade Solutions
$
726.4
$
740.0
$
779.4
$
804.5
$
828.2
3%
14%
Securities Services
148.1
151.3
138.4
155.2
174.6
13%
18%
Services
$
874.5
$
891.3
$
917.8
$
959.7
$
1,002.8
4%
15%
Markets
16.7
19.3
16.0
17.7
19.1
8%
14%
Banking
0.4
0.8
0.4
0.4
0.5
25%
25%
Total
$
891.6
$
911.4
$
934.2
$
977.8
$
1,022.4
5%
15%
Wealth
North America
$
277.3
$
278.5
$
285.6
$
285.8
$
279.7
(2%)
1%
International
123.1
129.2
126.9
132.1
135.7
3%
10%
Total
$
400.4
$
407.7
$
412.5
$
417.9
$
415.4
(1%)
4%
All Other
Legacy Franchises
Mexico Consumer
$
28.5
$
29.7
$
33.3
$
32.6
$
34.4
6%
21%
Mexico SBMM—corporate
9.9
10.9
10.5
11.2
11.6
4%
17%
Asia Consumer
1.5
1.3
1.1
0.9
0.8
(11%)
(47%)
Legacy Holdings Assets (LHA)(1)
0.1
0.1
0.1
0.1
0.1
-
-
Corporate/Other
25.7
22.8
11.9
5.7
7.9
39%
(69%)
Total
$
65.7
$
64.8
$
56.9
$
50.5
$
54.8
9%
(17%)
Total deposits—EOP
$
1,357.7
$
1,383.9
$
1,403.6
$
1,446.2
$
1,492.6
3%
10%
Total deposits—average
$
1,342.8
$
1,382.2
$
1,422.3
$
1,446.4
$
1,503.5
4%
12%
(1)
LHA includes deposits from the U.K. consumer banking business.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 17
ALLOWANCE FOR CREDIT LOSSES (ACL) ROLLFORWARD
(In millions of dollars, except ratios)
ACLL/EOP
Balance
Builds (Releases)
FY 2025
Balance
Builds (Releases)
YTD 2026
Balance
Loans
12/31/24
1Q25
2Q25
3Q25
4Q25
FY 2025
FX/Other
12/31/25
1Q26
2Q26
YTD 2026
FX/Other(1)
6/30/26
6/30/26
Allowance for credit losses on loans (ACLL)
Services
$
264
$
24
$
53
$
(4)
$
(18)
$
55
$
8
$
327
$
97
$
46
$
143
$
4
$
474
Markets
1,030
48
53
(44)
(73)
(16)
13
1,027
23
71
94
(3)
1,118
Banking
1,167
78
137
38
136
389
22
1,578
175
(19)
156
(13)
1,721
Legacy Franchises corporate (Mexico SBMM and AFG(2))
95
4
16
(12)
6
14
12
121
4
10
14
3
138
Total corporate ACLL
$
2,556
$
154
$
259
$
(22)
$
51
$
442
$
55
$
3,053
$
299
$
108
$
407
$
(9)
$
3,451
0.94%
U.S. Cards
$
13,560
$
(169)
$
(12)
$
44
$
(102)
$
(239)
$
3
$
13,324
$
78
$
41
$
119
$
75
$
13,518
7.61%
Installment lending
425
(5)
7
11
(15)
(2)
(1)
422
(2)
(1)
(3)
-
419
Total USCC
$
13,985
$
(174)
$
(5)
$
55
$
(117)
$
(241)
$
2
$
13,746
$
76
$
40
$
116
$
75
$
13,937
Wealth
673
64
(65)
(16)
6
(11)
7
669
13
-
13
(1)
681
All Other—consumer
1,360
58
54
28
70
210
209
1,779
9
51
60
53
1,892
Total consumer ACLL
$
16,018
$
(52)
$
(16)
$
67
$
(41)
$
(42)
$
218
$
16,194
$
98
$
91
$
189
$
127
$
16,510
3.96%
Total ACLL
$
18,574
$
102
$
243
$
45
$
10
$
400
$
273
$
19,247
$
397
$
199
$
596
$
118
$
19,961
2.54%
Allowance for credit losses on unfunded lending commitments (ACLUC)(3)
$
1,601
$
108
$
(19)
$
100
$
13
$
202
$
30
$
1,833
$
184
$
(97)
$
87
$
(21)
$
1,899
Total ACLL and ACLUC
20,175
210
224
145
23
602
303
21,080
581
102
683
97
21,860
Other(4)(5)
2,002
34
388
74
(17)
479
(2,188)
293
3
(1)
2
(4)
291
Total ACL
$
22,177
$
244
$
612
$
219
$
6
$
1,081
$
(1,885)
$
21,373
$
584
$
101
$
685
$
93
$
22,151
(1)
Primarily includes FX translation on the EOP ACL balances.
(2)
See footnote 3 on page 16.
(3)
1Q26 includes a reserve build related to Citi's forward purchase commitment of the additional American Airlines co-branded card portfolio. This was released from unfunded lending commitments in 2Q26 and re-established as a reserve for the loans that were acquired.
(4)
Includes ACL activity on HTM securities and Other assets.
(5)
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.
Page 18
ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) AND
UNFUNDED LENDING COMMITMENTS (ACLUC)
Page 1
(In millions of dollars)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period
$
18,726
$
19,123
$
19,206
$
19,247
$
19,636
2%
5%
$
18,574
$
19,247
4%
Gross credit (losses) on loans
(2,723)
(2,726)
(2,724)
(2,820)
(2,981)
(6%)
(9%)
(5,649)
(5,801)
(3%)
Gross recoveries on loans
489
512
534
612
577
(6%)
18%
956
1,189
24%
Net credit (losses) / recoveries on loans (NCLs)
(2,234)
(2,214)
(2,190)
(2,208)
(2,404)
9%
8%
(4,693)
(4,612)
(2%)
Replenishment of NCLs
2,234
2,214
2,190
2,208
2,404
9%
8%
4,693
4,612
(2%)
Net reserve builds / (releases) for loans
243
45
10
397
199
(50%)
(18%)
345
596
73%
Provision for credit losses on loans (PCLL)
2,477
2,259
2,200
2,605
2,603
-
5%
5,038
5,208
3%
Other, net(1)(2)(3)(4)(5)(6)
154
38
31
(8)
126
NM
(18%)
204
118
(42%)
ACLL at end of period (a)
$
19,123
$
19,206
$
19,247
$
19,636
$
19,961
2%
4%
$
19,123
$
19,961
4%
Allowance for credit losses on unfunded lending commitments (ACLUC)(7)(8) (a)
$
1,721
$
1,820
$
1,833
$
2,013
$
1,899
(6%)
10%
$
1,721
$
1,899
10%
Provision (release) for credit losses on unfunded lending commitments(8)
$
(19)
$
100
$
13
$
184
$
(97)
NM
(411%)
$
89
$
87
(2%)
Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]
$
20,844
$
21,026
$
21,080
$
21,649
$
21,860
1%
5%
$
20,844
$
21,860
5%
Total ACLL as a % of total loans(9)
2.67%
2.65%
2.58%
2.61%
2.54%
(7) bps
(13) bps
Total NCLs (annualized) as a % of average loans
1.26%
1.21%
1.18%
1.19%
1.23%
4 bps
(3) bps
1.35%
1.21%
(14) bps
Consumer
ACLL at beginning of period
$
16,001
$
16,100
$
16,205
$
16,194
$
16,297
1%
2%
$
16,018
$
16,194
1%
NCLs
(2,185)
(2,122)
(2,148)
(2,200)
(2,270)
3%
4%
(4,462)
(4,470)
-
Replenishment of NCLs
2,185
2,122
2,148
2,200
2,270
3%
4%
4,462
4,470
-
Net reserve builds / (releases) for loans
(16)
67
(41)
98
91
(7%)
NM
(68)
189
NM
Provision for credit losses on loans (PCLL)
2,169
2,189
2,107
2,298
2,361
3%
9%
4,394
4,659
6%
Other, net(1)(2)(3)(4)(5)(6)
115
38
30
5
122
NM
6%
150
127
(15%)
ACLL at end of period (b)
$
16,100
$
16,205
$
16,194
$
16,297
$
16,510
1%
3%
$
16,100
$
16,510
3%
Consumer ACLUC(7)(8) (b)
$
24
$
20
$
24
$
297
$
23
(92%)
(4%)
$
24
$
23
(4%)
Provision (release) for credit losses on unfunded lending commitments(8)
$
(1)
$
(4)
$
3
$
274
$
(274)
NM
NM
$
(4)
$
2
NM
Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]
$
16,124
$
16,225
$
16,218
$
16,594
$
16,533
-
3%
$
16,124
$
16,533
3%
Consumer ACLL as a % of total consumer loans
4.07%
4.07%
3.96%
4.05%
3.96%
(9) bps
(11) bps
Consumer NCLs (annualized) as a % of average loans
2.25%
2.12%
2.12%
2.21%
2.22%
1 bps
(3) bps
2.32%
2.21%
(11) bps
Corporate
ACLL at beginning of period
$
2,725
$
3,023
$
3,001
$
3,053
$
3,339
9%
23%
$
2,556
$
3,053
19%
NCLs
(49)
(92)
(42)
(8)
(134)
NM
173%
(231)
(142)
(39%)
Replenishment of NCLs
49
92
42
8
134
NM
173%
231
142
(39%)
Net reserve builds / (releases) for loans
259
(22)
51
299
108
(64%)
(58%)
413
407
(1%)
Provision for credit losses on loans (PCLL)
308
70
93
307
242
(21%)
(21%)
644
549
(15%)
Other, net(1)
39
-
1
(13)
4
NM
(90%)
54
(9)
NM
ACLL at end of period (c)
$
3,023
$
3,001
$
3,053
$
3,339
$
3,451
3%
14%
$
3,023
$
3,451
14%
Corporate ACLUC(7) (c)
$
1,697
$
1,800
$
1,809
$
1,716
$
1,876
9%
11%
$
1,697
$
1,876
11%
Provision (release) for credit losses on unfunded lending commitments
$
(18)
$
104
$
10
$
(90)
$
177
NM
NM
$
93
$
85
(9%)
Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]
$
4,720
$
4,801
$
4,862
$
5,055
$
5,327
5%
13%
$
4,720
$
5,327
13%
Corporate ACLL as a % of total corporate loans(10)
0.94%
0.92%
0.91%
0.95%
0.94%
(1) bps
0 bps
Corporate NCLs (annualized) as a % of average loans
0.06%
0.11%
0.05%
0.01%
0.14%
13 bps
8 bps
0.15%
0.08%
(7) bps
Footnotes to this table are on the following page (page 20).
Page 19
ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) AND
UNFUNDED LENDING COMMITMENTS (ACLUC)
Page 2
The following footnotes relate to the table on the preceding page (page 19):
(1) Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.
(2) 2Q25 includes an approximate $25 million reclass related to Citi's agreement to sell its Poland consumer banking business. That ACLL was transferred to Other assets beginning June 30, 2025. 2Q25 also includes FX translation.
(3) 3Q25 primarily relates to FX translation.
(4) 4Q25 primarily relates to FX translation.
(5) 1Q26 primarily relates to FX translation.
(6) 2Q26 includes approximately $78 million related to an acquired portfolio and an increase of approximately $48 million related to FX translation.
(7) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.
(8) 1Q26 includes a reserve build related to Citi's forward purchase commitment of the additional American Airlines co-branded card portfolio. This was released from unfunded lending commitments in 2Q26 and re-established as a reserve for the loans that were acquired.
(9) Excludes loans that are carried at fair value of $9.3 billion, $7.9 billion, $6.9 billion, $8.5 billion, and $8.2 billion at June 30, 2025, September 30, 2025, December 31, 2025, March 31, 2026, and June 30, 2026, respectively.
(10) Excludes loans that are carried at fair value of $9.2 billion, $7.9 billion, $6.8 billion, $8.5 billion, and $8.2 billion at June 30, 2025, September 30, 2025, December 31, 2025, March 31, 2026, and June 30, 2026, respectively.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 20
NON-ACCRUAL ASSETS
(In millions of dollars)
2Q26 Increase/
2Q
3Q
4Q
1Q
2Q
(Decrease) from
2025
2025
2025
2026
2026
1Q26
2Q25
Corporate non-accrual loans by region(1)
North America
$
953
$
1,280
$
1,145
$
955
$
784
(18%)
(18%)
International
769
791
856
1,002
963
(4%)
25%
Total
$
1,722
$
2,071
$
2,001
$
1,957
$
1,747
(11%)
1%
Corporate non-accrual loans(1)
Banking
$
502
$
820
$
919
$
971
$
772
(20%)
54%
Services
134
187
337
393
419
7%
213%
Markets
932
926
622
472
413
(13%)
(56%)
Mexico SBMM and AFG
154
138
123
121
143
18%
(7%)
Total
$
1,722
$
2,071
$
2,001
$
1,957
$
1,747
(11%)
1%
Consumer non-accrual loans(1)
Wealth
$
945
$
886
$
847
$
660
$
728
10%
(23%)
USCC
21
22
22
21
20
(5%)
(5%)
Mexico Consumer
485
526
585
577
631
9%
30%
Asia Consumer
16
16
15
12
13
8%
(19%)
Legacy Holdings Assets—Consumer
165
157
149
144
90
(38%)
(45%)
Total
$
1,632
$
1,607
$
1,618
$
1,414
$
1,482
5%
(9%)
Total non-accrual loans (NAL)
$
3,354
$
3,678
$
3,619
$
3,371
$
3,229
(4%)
(4%)
Other real estate owned (OREO)(2)
$
26
$
29
$
22
$
34
$
34
-
31%
NAL as a percentage of total loans
0.46%
0.50%
0.48%
0.44%
0.41%
(3) bps
(5) bps
ACLL as a percentage of NAL
570%
522%
532%
582%
618%
(1)
Corporate loans are placed on non-accrual status based on a review by Citigroup's risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for consumer loans: consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans. The balances above represent non-accrual loans within Consumer loans and Corporate loans on the Consolidated Balance Sheet.
(2)
Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 21
CITIGROUP REGULATORY CAPITAL, RATIOS AND COMPOSITION
(In millions of dollars or shares, except ratios)
Jun. 30,
Sep. 30,
Dec. 31,
March 31,
June 30,
Regulatory Capital, Ratios and Components
2025
2025
2025
2026
2026(1)
Risk-Based Capital Metrics
Standarized Approach
CET1 Capital
$
158,943
$
158,480
$
157,099
$
154,729
$
157,539
Tier 1 Capital
176,619
178,793
179,675
176,885
181,026
Total Capital
212,915
215,365
216,468
213,683
217,671
Risk-Weighted Assets (RWA)
1,178,756
1,194,274
1,192,174
1,214,025
1,230,414
CET1 Capital Ratio
13.48%
(a)
13.27%
(a)
13.18%
(a)
12.75%
(a)
12.8%
(a)
Tier 1 Capital Ratio
14.98%
(a)
14.97%
(a)
15.07%
14.57%
(a)
14.7%
(a)
Total Capital Ratio
18.06%
18.03%
18.16%
17.60%
17.7%
Advanced Approaches
CET1 Capital
$
158,943
$
158,480
$
157,099
$
154,729
$
157,539
Tier 1 Capital
176,619
178,793
179,675
176,885
181,026
Total Capital
204,181
206,617
206,170
204,606
208,363
Risk-Weighted Assets (RWA)
1,335,913
1,349,747
1,316,371
1,323,969
1,327,726
CET1 Capital Ratio
11.90%
11.74%
11.93%
11.69%
11.9%
Tier 1 Capital Ratio
13.22%
13.25%
13.65%
(a)
13.36%
13.6%
Total Capital Ratio
15.28%
(a)
15.31%
(a)
15.66%
(a)
15.45%
(a)
15.7%
(a)
CET1 Capital Composition
Citigroup common stockholders’ equity(2)
$
196,931
$
194,038
$
192,304
$
191,478
$
192,534
Add: qualifying noncontrolling interests
200
217
226
236
167
Regulatory capital adjustments and deductions:
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax
(141)
(116)
10
(239)
(510)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax
(408)
(1,443)
(1,919)
(431)
(1,638)
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)(3)
18,524
17,876
18,482
18,373
18,391
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs
3,236
3,169
3,135
3,150
3,829
Defined benefit pension plan net assets and other
1,610
1,725
1,822
1,730
1,712
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards
11,163
10,807
10,784
10,465
10,214
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(4)
4,204
3,757
3,117
3,937
3,164
CET1 Capital
$
158,943
$
158,480
$
157,099
$
154,729
$
157,539
Supplementary Leverage Ratio and Components
CET1 Capital
$
158,943
$
158,480
$
157,099
$
154,729
$
157,539
Additional Tier 1 Capital (AT1)(5)
17,676
20,313
22,576
22,156
23,487
Total Tier 1 Capital (T1C) (CET1 + AT1)
$
176,619
$
178,793
$
179,675
$
176,885
$
181,026
Total Leverage Exposure (TLE)
$
3,195,323
$
3,236,413
$
3,276,212
$
3,368,515
$
3,502,704
Supplementary Leverage ratio (T1C/TLE)
5.53%
5.52%
5.48%
5.25%
5.2%
(a)
Denotes Cit’s binding constraint for each respective quarter.
(1)
June 30, 2026 is preliminary.
(2)
Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.
(3)
Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.
(4)
For all periods presented, this deduction relates only to DTAs arising from temporary differences exceeding the 10% limitation.
(5)
Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.
Reclassified to conform to the current period’s presentation.
Page 22
TANGIBLE COMMON EQUITY (TCE), COMMON EQUITY, BOOK VALUE
PER SHARE, TANGIBLE BOOK VALUE PER SHARE (TBVPS),
RETURNS ON COMMON EQUITY (RoCE) AND
TANGIBLE COMMON EQUITY (RoTCE)
(In millions of dollars or shares, except per share amounts and ratios)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common stockholders' equity
$
196,872
$
193,973
$
192,241
$
191,409
$
192,465
1%
(2%)
Less:
Goodwill
19,878
19,126
19,098
18,997
19,012
Identifiable intangible assets (other than MSRs)
3,639
3,582
3,525
3,539
4,216
Goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS
16
-
-
-
-
Tangible common equity (TCE)(1)
$
173,339
$
171,265
$
169,618
$
168,873
$
169,237
-
(2%)
Common shares outstanding (CSO)
1,840.9
1,789.3
1,747.5
1,705.6
1,677.4
(2%)
(9%)
Book value per share (common equity/CSO)
$
106.94
$
108.41
$
110.01
$
112.22
$
114.74
2%
7%
Tangible book value per share (TCE/CSO)(1)
$
94.16
$
95.72
$
97.06
$
99.01
$
100.89
2%
7%
Return on Common Equity (RoCE) and Return on Tangible Common Equity (RoTCE)
Net income (loss)
$
4,019
$
3,752
$
2,471
$
5,785
$
5,831
$
8,083
$
11,616
Preferred dividends
287
274
284
305
338
556
643
Net income (loss) available to common shareholders
3,732
3,478
2,187
5,480
5,493
7,527
10,973
Average common stockholders' equity
195,622
195,471
193,205
192,606
193,160
-
(1%)
193,708
192,883
-
Less:
Average goodwill and intangibles
23,482
23,169
22,763
23,360
24,105
23,049
23,640
Average TCE
$
172,140
$
172,302
$
170,442
$
169,246
$
169,055
-
(2%)
$
170,659
$
169,243
(1%)
RoCE
7.7%
7.1%
4.5%
11.5%
11.4%
(10) bps
370 bps
7.8%
11.5%
370 bps
RoTCE
8.7%
8.0%
5.1%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
Average TCE (in billions of dollars)(1)(2)
Services
$
33.0
$
33.0
$
33.0
$
33.5
$
33.5
-
2%
$
33.0
$
33.5
2%
Markets
53.5
53.5
53.5
56.4
56.4
-
5%
53.5
56.4
5%
Banking
9.2
9.2
9.2
7.8
7.8
-
(15%)
9.2
7.8
(15%)
Wealth
15.4
15.4
15.4
16.2
16.2
-
5%
15.4
16.2
5%
USCC
20.3
20.3
20.3
15.5
15.5
-
(24%)
20.3
15.5
(24%)
All Other
40.7
40.9
39.0
39.8
39.7
-
(2%)
39.3
39.8
1%
Total Citi average TCE
$
172.1
$
172.3
$
170.4
$
169.2
$
169.1
-
(2%)
$
170.7
$
169.2
(1%)
Add:
Average goodwill
$
19.8
$
19.6
$
19.2
$
19.9
$
20.2
$
20.5
$
21.2
Average intangible assets (other than MSRs)
3.7
3.6
3.6
3.5
3.9
2.5
2.5
Total Citi average common stockholders' equity (in billions of dollars)
$
195.6
$
195.5
$
193.2
$
192.6
$
193.2
-
(1%)
$
193.7
$
192.9
-
Income (loss) available to common shareholders (in billions of dollars)(3)
Services
$
1.7
$
2.1
$
2.5
$
2.2
$
2.6
18%
53%
$
3.5
$
4.8
37%
Markets
1.8
1.7
0.8
2.6
2.4
(8%)
33%
3.7
5.0
35%
Banking
0.1
0.3
0.4
0.3
0.4
33%
300%
0.3
0.7
133%
Wealth
0.4
0.3
0.3
0.4
0.6
50%
50%
0.6
1.0
67%
USCC
0.8
0.9
0.9
0.7
0.9
29%
13%
1.6
1.6
-
All Other—managed basis(3)
(0.9)
(1.0)
(2.6)
(0.7)
(1.4)
(100%)
(56%)
(2.0)
(2.1)
(5%)
Reconciling Items—divestiture-related impacts(4)
(0.2)
(0.8)
(0.1)
-
-
-
100%
(0.2)
-
100%
Total Citi income (loss) available to common shareholders(3)
$
3.7
$
3.5
$
2.2
$
5.5
$
5.5
-
49%
$
7.5
$
11.0
47%
RoTCE(1)
Services
20.8%
25.0%
30.0%
27.0%
30.9%
390 bps
1,010 bps
21.7%
29.0%
730 bps
Markets
13.5%
12.6%
6.2%
18.7%
17.0%
(170) bps
350 bps
13.8%
17.8%
400 bps
Banking
4.1%
11.6%
15.3%
15.8%
18.0%
220 bps
1,390 bps
6.9%
16.9%
1,000 bps
Wealth
10.0%
7.8%
7.7%
10.8%
14.4%
360 bps
440 bps
7.5%
12.6%
510 bps
USCC
15.0%
18.2%
17.3%
19.2%
22.0%
280 bps
700 bps
15.9%
20.6%
470 bps
All Other—managed basis(3)
(8.3%)
(10.0%)
(26.2%)
(8.1%)
(12.8%)
NM
NM
(10.1%)
(28.2%)
NM
Reconciling Items—divestiture-related impacts(4)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Citi RoTCE
8.7%
8.0%
5.1%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
(1)
TCE, TBVPS, and RoTCE are non-GAAP financial measures. RoTCE represents annualized net income available to common shareholders as a percentage of average TCE.
(2)
Tangible Common Equity is allocated to each segment based on Citi’s allocation methodology, which incorporates Basel III standardized risk-weighted assets, the global systemically important banks (GSIB) surcharge, and a simulation of TCE in severe stress environments, as well as a leverage component. The allocation methodology, including underlying assumptions and judgments used to allocate TCE, is periodically reassessed and as a result, the TCE allocated to the segments may change.
(3)
Represents Net income (loss), less Preferred Stock dividends. See table above for dividend amounts.
(4)
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. For a reconciliation of these results, see page 14.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 23
FX Impact
(In millions of dollars)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Foreign currency (FX) translation impact
Total Citigroup
Total revenues—as reported
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Impact of FX translation(1)
176
186
159
4
-
723
-
Total revenues—Ex-FX(1)
$
21,844
$
22,276
$
20,030
$
24,637
$
24,766
1%
13%
$
43,987
$
49,399
12%
Total operating expenses—as reported
$
13,577
$
14,290
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Impact of FX translation(1)
133
163
122
(5)
-
563
-
Total operating expenses—Ex-FX(1)
$
13,710
$
14,453
$
13,962
$
14,306
$
14,215
(1%)
4%
$
27,565
$
28,526
3%
Total provisions for credit losses and PBC—as reported
$
2,872
$
2,450
$
2,220
$
2,805
$
2,522
(10%)
(12%)
$
5,595
$
5,327
(5%)
Impact of FX translation(1)
53
25
21
3
-
144
-
Total provisions for credit losses and PBC—Ex-FX(1)
$
2,925
$
2,475
$
2,241
$
2,808
$
2,522
(10%)
(14%)
$
5,739
$
5,327
(7%)
Total EBIT—as reported
$
5,219
$
5,350
$
3,811
$
7,517
$
8,029
7%
54%
$
10,667
$
15,546
46%
Impact of FX translation(1)
(10)
(2)
16
6
-
16
-
Total EBIT—Ex-FX(1)
$
5,209
$
5,348
$
3,827
$
7,523
$
8,029
7%
54%
$
10,683
$
15,546
46%
Total EOP Loans—as reported
$
725
$
734
$
752
$
762
$
794
4%
10%
Impact of FX translation(1)
(1)
(1)
(1)
-
-
Total EOP Loans—Ex-FX(1)
$
724
$
733
$
751
$
762
$
794
4%
10%
Total EOP Deposits—as reported
$
1,358
$
1,384
$
1,404
$
1,446
$
1,493
3%
10%
Impact of FX translation(1)
(4)
(3)
(5)
1
-
Total EOP Deposits—Ex-FX(1)
$
1,354
$
1,381
$
1,399
$
1,447
$
1,493
3%
10%
Total Average Loans—as reported
$
712
$
725
$
737
$
755
$
785
4%
10%
$
702
$
770
10%
Impact of FX translation(1)
6
2
2
-
-
9
-
Total Average Loans—Ex-FX(1)
$
718
$
727
$
739
$
755
$
785
4%
9%
$
711
$
770
8%
Total Average Deposits—as reported
$
1,343
$
1,382
$
1,422
$
1,446
$
1,504
4%
12%
$
1,324
$
1,475
11%
Impact of FX translation(1)
12
5
6
-
-
21
-
Total Average Deposits—Ex-FX(1)
$
1,355
$
1,387
$
1,428
$
1,446
$
1,504
4%
11%
$
1,345
$
1,475
10%
Legacy Franchises—Mexico Consumer/SBMM
All Other—Legacy Franchises (LF) Mexico Consumer/SBMM revenues—as reported
$
1,536
$
1,722
$
1,775
$
2,054
$
1,996
(3%)
30%
$
3,003
$
4,050
35%
Impact of FX translation(1)
135
101
76
11
-
353
-
All Other—LF Mexico Consumer/SBMM revenues—Ex-FX(1)
$
1,671
$
1,823
$
1,851
$
2,065
$
1,996
(3%)
19%
$
3,356
$
4,050
21%
All Other—LF Mexico Consumer/SBMM expenses—as reported
$
984
$
1,772
$
962
$
1,181
$
1,060
(10%)
8%
$
2,044
$
2,241
10%
Impact of FX translation(1)
101
118
45
6
-
275
-
All Other—LF Mexico Consumer/SBMM expenses—Ex-FX(1)
$
1,085
$
1,890
$
1,007
$
1,187
$
1,060
(11%)
(2%)
$
2,319
$
2,241
(3%)
(1)
Reflects the impact of foreign currency (FX) translation into U.S. dollars applying the second quarter of 2026 average exchange rates for all quarterly periods, and YTD 2025 average exchange rates for six-months results, with the exception of EOP loans and deposits, which were calculated based on exchange rates as of June 30, 2026. Citi's results excluding the impact of FX translation are non-GAAP financial measures.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 24
Reconciliation of Adjusted Results (Page 1)
(In millions of dollars, except per share amounts and as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Total Citigroup revenues, net interest income (NII) and non-interest revenues (NIR)
Total Citigroup revenues—as reported
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Less:
Total divestiture-related Impacts on revenues(1)
(177)
2
(1)
13
20
(177)
33
Total Citigroup revenues, excluding divestitures impacts(*)
$
21,845
$
22,088
$
19,872
$
24,620
$
24,746
1%
13%
$
43,441
$
49,366
14%
Total Citigroup revenues—as reported
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Less:
Notable item—Russia HFS accounting treatment loss impact on revenues(2)
-
-
(1,173)
-
-
-
-
Total Citigroup revenues, excluding notable item(s) impact(*)
$
21,668
$
22,090
$
21,044
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Total Citigroup net interest income (NII)—as reported
$
15,175
$
14,940
$
15,665
$
15,741
$
17,125
9%
13%
$
29,187
$
32,866
13%
Markets NII(3)
2,824
2,178
2,761
2,797
4,002
4,748
6,799
Citigroup NII ex-Markets(*)
$
12,351
$
12,762
$
12,904
$
12,944
$
13,123
1%
6%
$
24,439
$
26,067
7%
Total Citigroup non-interest revenue (NIR)—as reported
$
6,493
$
7,150
$
4,206
$
8,892
$
7,641
(14%)
18%
$
14,077
$
16,533
17%
Markets NIR(3)
3,156
3,567
1,848
4,449
3,005
7,307
7,454
Citigroup NIR ex-Markets(*)
$
3,337
$
3,583
$
2,358
$
4,443
$
4,636
4%
39%
$
6,770
$
9,079
34%
Less:
Notable item—Russia HFS accounting treatment loss impact on revenues(4)
-
-
(1,192)
-
-
-
-
Citigroup NIR ex-Markets, excluding notable item(s) impact(*)
$
3,337
$
3,583
$
3,550
$
4,443
$
4,636
4%
39%
$
6,770
$
9,079
34%
Total Citigroup operating expenses
Total Citigroup operating expenses—as reported
$
13,577
$
14,290
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Less:
Notable item—Mexico goodwill impairment charge impact on operating expenses(5)
-
726
-
-
-
-
-
Total Citigroup operating expenses, excluding notable item(s)(*)
$
13,577
$
13,564
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Total Citigroup revenues—as reported
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Total Citigroup operating expenses—as reported
13,577
14,290
13,840
14,311
14,215
(1%)
5%
27,002
28,526
6%
Total Citigroup efficiency ratio—as reported
62.7%
64.7%
69.6%
58.1%
57.4%
(70) bps
(530) bps
62.4%
57.7%
(470) bps
Less:
Notable item(s) impact(s) on revenues(2)
-
-
(1,173)
-
-
-
-
Total Citigroup revenues, excluding notable item(s)(*)
$
21,668
$
22,090
$
21,044
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Less:
Notable item(s) impact(s) on operating expenses(5)
-
726
-
-
-
-
-
Total Citigroup operating expenses, excluding notable item(s)(*)
$
13,577
$
13,564
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Total Citigroup efficiency ratio, excluding notable item(s)(*)
62.7%
61.4%
65.8%
58.1%
57.4%
(70) bps
(530) bps
62.4%
57.7%
(470) bps
*
Represents a non-GAAP financial measure.
(1) See footnote 2 on page 14 for details.
(2) See footnote 4 on page 12 for details.
(3) See page 6 for details.
(4) See footnote 4 on page 12 for details. The amount on this line adds the $19 million impact for Markets because it is already deducted in the Citigroup ex-Markets NIR number above.
(5) See footnote 3 on page 14 for details.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 25
Reconciliation of Adjusted Results (Page 2)
(In millions of dollars, except per share amounts and as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Total Citigroup operating expenses
Total Citigroup other operating expenses(1)—as reported
$
2,472
$
3,386
$
3,168
$
2,369
$
2,613
10%
6%
$
4,955
$
4,982
1%
Less:
Notable item—Mexico goodwill impairment charge impact on other operating expenses(2)
-
726
-
-
-
-
-
Total Citigroup other operating expenses, excluding notable item(s)(*)
$
2,472
$
2,660
$
3,168
$
2,369
$
2,613
10%
6%
$
4,955
$
4,982
1%
Notable items adjustments
Total Citigroup net income—as reported
$
4,019
$
3,752
$
2,471
$
5,785
$
5,831
1%
45%
$
8,083
$
11,616
44%
Less notable items:
Russia HFS accounting treatment loss impact on net income(3)
-
-
(1,123)
-
-
-
-
Mexico goodwill impairment charge impact on net income(2)
-
(714)
-
-
-
-
-
Total Citigroup net income, excluding notable Item(s)(*)
$
4,019
$
4,466
$
3,594
$
5,785
$
5,831
1%
45%
$
8,083
$
11,616
44%
Total Citigroup diluted EPS—as reported
$
1.96
$
1.86
$
1.19
$
3.06
$
3.15
3%
61%
$
3.92
$
6.21
58%
Less:
Notable item(s)(2)(3)
-
(0.38)
(0.62)
-
-
-
-
Total Citigroup diluted EPS, excluding notable item(s)(*)
$
1.96
$
2.24
$
1.81
$
3.06
$
3.15
3%
61%
$
3.92
$
6.21
58%
Total Citigroup diluted EPS—as reported
$
1.96
$
1.86
$
1.19
$
3.06
$
3.15
3%
61%
$
3.92
$
6.21
58%
Less:
Notable item—Russia HFS accounting treatment loss impact on net income(3)
-
-
(0.62)
-
-
-
-
Total Citigroup diluted EPS, excluding notable item(*)
$
1.96
$
1.86
$
1.81
$
3.06
$
3.15
3%
61%
$
3.92
$
6.21
58%
Total Citigroup RoCE—as reported
7.7%
7.1%
4.5%
11.5%
11.4%
(10) bps
370 bps
7.8%
11.5%
370 bps
Less:
Notable item(s)(2)(3)
0 bps
(140) bps
(230) bps
0 bps
0 bps
0 bps
0 bps
Total Citigroup RoCE, excluding notable items(*)
7.7%
8.5%
6.8%
11.5%
11.4%
(10) bps
370 bps
7.8%
11.5%
370 bps
Total Citigroup RoTCE—as reported
8.7%
8.0%
5.1%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
Less:
Notable item(s)(2)(3)
0 bps
(170) bps
(260) bps
0 bps
0 bps
0 bps
0 bps
Total Citigroup RoTCE, excluding notable items(*)
8.7%
9.7%
7.7%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
All Other (managed basis)(4)(*)
All Other revenues—managed basis(*)
$
1,716
$
1,471
$
(208)
$
1,682
$
1,737
3%
1%
$
3,179
$
3,419
8%
Add:
Total divestiture-related impacts on revenues(5)
(177)
2
(1)
13
20
(177)
33
All Other revenues—U.S. GAAP
$
1,539
$
1,473
$
(209)
$
1,695
$
1,757
4%
14%
$
3,002
$
3,452
15%
All Other operating expenses—managed basis(*)
$
2,277
$
2,169
$
2,026
$
2,144
$
2,220
4%
(3%)
$
4,503
$
4,364
(3%)
Add:
Total divestiture-related impacts on operating expenses(6)
37
766
40
31
25
71
56
All Other operating expenses—U.S. GAAP
$
2,314
$
2,935
$
2,066
$
2,175
$
2,245
3%
(3%)
$
4,574
$
4,420
(3%)
All Other provisions for credit losses—managed basis(*)
$
374
$
331
$
449
$
400
$
438
10%
17%
$
733
$
838
14%
Add:
Total divestiture-related impacts on provisions for credit losses
5
(3)
(1)
1
(2)
(6)
(1)
All Other provisions for credit losses—U.S. GAAP
$
379
$
328
$
448
$
401
$
436
9%
15%
$
727
$
837
15%
All Other EBIT—managed basis(*)
$
(935)
$
(1,029)
$
(2,683)
$
(862)
$
(921)
(7%)
1%
$
(2,057)
$
(1,783)
13%
Add:
Total divestiture-related impacts on revenues(5)
(177)
2
(1)
13
20
(177)
33
Total divestiture-related impacts on operating expenses(6)
(37)
(766)
(40)
(31)
(25)
(71)
(56)
Total divestiture-related impacts on provisions for credit losses
(5)
3
1
(1)
2
6
1
All Other EBIT—U.S. GAAP
$
(1,154)
$
(1,790)
$
(2,723)
$
(881)
$
(924)
(5%)
20%
$
(2,299)
$
(1,805)
21%
*
Represents a non-GAAP financial measure.
(1)
Other operating expenses include the following expense line items: Premises and equipment, Professional services, Advertising and marketing, and Other operating expenses.
(2)
See footnote 3 on page 14 for details.
(3)
See footnote 4 on page 12 for details.
(4)
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.
(5)
See footnote 2 on page 14 for details.
(6)
See footnotes 2, 3, 4, 5, and 6 on page 14 for details.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 26
Reconciliation of Adjusted Results (Page 3)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
All Other (managed basis)(1)(*)
All Other net income (loss)—managed basis
$
(552)
$
(756)
$
(2,290)
$
(494)
$
(923)
(87%)
(67%)
$
(1,408)
$
(1,417)
(1%)
Add:
Total divestiture-related impacts on revenue(2)
(177)
2
(1)
13
20
(177)
33
Total divestiture-related impacts on operating expenses(3)
(37)
(766)
(40)
(31)
(25)
(71)
(56)
Total divestiture-related impacts on provisions for credit losses
(5)
3
1
(1)
2
6
1
Total divestiture-related impacts on income taxes
39
(16)
(70)
7
1
47
8
All Other net income (loss)—U.S. GAAP
$
(732)
$
(1,533)
$
(2,400)
$
(506)
$
(925)
(83%)
(26%)
$
(1,603)
$
(1,431)
11%
Legacy Franchises (LF) (managed basis)(1)(*)
Legacy Franchises revenues (managed basis)—as reported
$
1,691
$
1,871
$
329
$
2,161
$
2,053
(5%)
21%
$
3,312
$
4,214
27%
Less:
Notable item—portion of Russia HFS accounting treatment loss impact on LF revenues(4)
-
-
(1,556)
-
-
-
-
LF revenues, excluding notable item(s) impact(*)
$
1,691
$
1,871
$
1,885
$
2,161
$
2,053
(5%)
21%
$
3,312
$
4,214
27%
LF revenues—managed basis(*)
$
1,691
$
1,871
$
329
$
2,161
$
2,053
(5%)
21%
$
3,312
$
4,214
27%
Add:
Total divestiture-related impacts on revenues(2)
(177)
2
(1)
13
20
(177)
33
LF revenues—U.S. GAAP
$
1,514
$
1,873
$
328
$
2,174
$
2,073
(5%)
37%
$
3,135
$
4,247
35%
LF operating expenses—managed basis(*)
$
1,287
$
1,320
$
1,222
$
1,324
$
1,243
(6%)
(3%)
$
2,621
$
2,567
(2%)
Add:
Total divestiture-related impacts on operating expenses(3)
37
766
40
31
25
71
56
LF operating expenses—U.S. GAAP
$
1,324
$
2,086
$
1,262
$
1,355
$
1,268
(6%)
(4%)
$
2,692
$
2,623
(3%)
LF provisions for credit losses—managed basis(*)
$
371
$
327
$
447
$
409
$
440
8%
19%
$
729
$
849
16%
Add:
Total divestiture-related impacts on provisions for credit losses
5
(3)
(1)
1
(2)
(6)
(1)
LF provisions for credit losses—U.S. GAAP
$
376
$
324
$
446
$
410
$
438
7%
16%
$
723
$
848
17%
LF EBIT—managed basis(*)
$
33
$
224
$
(1,340)
$
428
$
370
(14%)
NM
$
(38)
$
798
NM
Add:
Total divestiture-related impacts on revenue(2)
(177)
2
(1)
13
20
(177)
33
Total divestiture-related impacts on operating expenses(3)
(37)
(766)
(40)
(31)
(25)
(71)
(56)
Total divestiture-related impacts on provisions for credit losses
(5)
3
1
(1)
2
6
1
LF EBIT—U.S. GAAP
$
(186)
$
(537)
$
(1,380)
$
409
$
367
(10%)
NM
$
(280)
$
776
NM
LF net income (loss)—managed basis(*)
$
60
$
155
$
(1,496)
$
177
$
91
(49%)
52%
$
-
$
268
NM
Add:
Total divestiture-related impacts on revenue(2)
(177)
2
(1)
13
20
(177)
33
Total divestiture-related impacts on operating expenses(3)
(37)
(766)
(40)
(31)
(25)
(71)
(56)
Total divestiture-related impacts on provisions for credit losses
(5)
3
1
(1)
2
6
1
Total divestiture-related impacts on income taxes
39
(16)
(70)
7
1
47
8
LF net income (loss)—U.S. GAAP
$
(120)
$
(622)
$
(1,606)
$
165
$
89
(46%)
NM
$
(195)
$
254
NM
*
Represents a non-GAAP financial measure.
(1)
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.
(2)
See footnote 2 on page 14 for details.
(3)
See footnotes 2, 3, 4, 5, and 6 on page 14 for details.
(4)
See footnote 4 on page 12 for details.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 27
Reconciliation of Adjusted Results (Page 4)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Services
Services revenues—as reported
$
5,430
$
5,730
$
6,272
$
6,103
$
6,382
5%
18%
$
10,634
$
12,485
17%
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues(1)
-
-
356
-
-
-
-
Services revenues, excluding notable item(s) impact(*)
$
5,430
$
5,730
$
5,916
$
6,103
$
6,382
5%
18%
$
10,634
$
12,485
17%
Services non-interest revenue (NIR)—as reported
$
1,800
$
1,907
$
2,222
$
1,960
$
2,091
7%
16%
$
3,506
$
4,051
16%
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues(1)
-
-
356
-
-
-
-
Services NIR, excluding notable item(s) impact(*)
$
1,800
$
1,907
$
1,866
$
1,960
$
2,091
7%
16%
$
3,506
$
4,051
16%
Banking—Corporate Lending revenues
Banking—Corporate Lending revenues—as reported
$
361
$
409
$
417
$
441
$
374
(15%)
4%
$
777
$
815
5%
Gain (loss) on loan hedges(2)
(62)
(44)
(26)
50
(32)
(48)
18
Banking—Corporate Lending revenues—excluding gain (loss) on loan hedges(*)
$
423
$
453
$
443
$
391
$
406
4%
(4%)
$
825
$
797
(3%)
*
Represents a non-GAAP financial measure.
(1)
See footnote 4 on page 12 for details.
(2)
See page 7 for details.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 28
Reconciliation of Adjusted Results (Page 5)
(In millions of dollars, or as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Total Citigroup revenues
Total Citigroup revenues—as reported
$
21,668
$
22,090
$
19,871
$
24,633
$
24,766
1%
14%
$
43,264
$
49,399
14%
Less:
Total divestiture-related impacts on revenues(2)
(177)
2
(1)
13
20
(177)
33
Notable item—Russia HFS accounting treatment loss impact on revenues(3)
-
-
(1,173)
-
-
-
-
Total Citigroup revenues, excluding divestitures impacts and Russia loss(*)
$
21,845
$
22,088
$
21,045
$
24,620
$
24,746
1%
13%
$
43,441
$
49,366
14%
Total Citigroup operating expenses—as reported
$
13,577
$
14,290
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Less:
Total divestiture-related impacts on expenses(4)
37
766
40
31
25
71
56
FDIC special assessment(5)
(20)
(47)
(191)
-
-
-
-
Total Citigroup operating expenses, excluding divestitures impacts and FDIC special assessment(5)(*)
$
13,560
$
13,571
$
13,991
$
14,280
$
14,190
(1%)
5%
$
26,931
$
28,470
6%
Total Citigroup operating expenses—as reported
$
13,577
$
14,290
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Less:
Goodwill impairment(6)
-
726
-
-
-
-
-
Total Citigroup operating expenses, excluding goodwill impairment(*)
$
13,577
$
13,564
$
13,840
$
14,311
$
14,215
(1%)
5%
$
27,002
$
28,526
6%
Total Citigroup RoCE and RoTCE
Total Citigroup RoCE—as reported
7.7%
7.1%
4.5%
11.5%
11.4%
(10) bps
370 bps
7.8%
11.5%
370 bps
Less:
Notable item—Russia HFS accounting treatment loss impact on net income(3)
0 bps
0 bps
(230) bps
0 bps
0 bps
0 bps
0 bps
Total Citigroup RoCE, excluding notable item(*)
7.7%
7.1%
6.8%
11.5%
11.4%
(10) bps
370 bps
7.8%
11.5%
370 bps
Total Citigroup RoTCE—as reported
8.7%
8.0%
5.1%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
Less:
Notable item—Russia HFS accounting treatment loss impact on net income(3)
0 bps
0 bps
(260) bps
0 bps
0 bps
0 bps
0 bps
Total Citigroup RoTCE, excluding notable item(*)
8.7%
8.0%
7.7%
13.1%
13.0%
(10) bps
430 bps
8.9%
13.1%
420 bps
*
Represents a non-GAAP financial measure.
(1)
Not used.
(2)
See footnote 2 on page 14 for details.
(3)
See footnote 4 on page 12 for details.
(4)
See footnotes 2, 3, 4, 5, and 6 on page 14 for details.
(5)
Federal Deposit Insurance Corporation (FDIC) Special Assessment.
(6)
See footnote 3 on page 14 for details.
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 29
Reconciliation of Adjusted Results (Page 6)
(In millions of dollars, except as otherwise noted)
2Q26 Increase/
Six
Six
YTD 2026 vs.
2Q
3Q
4Q
1Q
2Q
(Decrease) from
Months
Months
YTD 2025 Increase
2025
2025
2025
2026
2026
1Q26
2Q25
2025
2026
(Decrease)
Legacy Franchises (LF) exits contribution
Revenues
Closed or signed markets revenues—Ex-divestitures
$
118
$
122
$
(1,456)
$
77
$
54
(30%)
(54%)
$
226
$
131
(42%)
Add:
Divestiture-related impacts on closed or signed markets revenues
(177)
2
(1)
13
15
(177)
28
Closed or signed markets revenues—U.S. GAAP
$
(59)
$
124
$
(1,457)
$
90
$
69
(23%)
NM
$
49
$
159
224%
Mexico Consumer/SBMM revenues—Ex-divestitures
$
1,536
$
1,722
$
1,775
$
2,054
$
1,991
(3%)
30%
$
3,003
$
4,045
35%
Add:
Divestiture-related impacts on Mexico/SBMM
-
-
-
-
5
-
5
Mexico Consumer/SBMM revenues—U.S. GAAP
$
1,536
$
1,722
$
1,775
$
2,054
$
1,996
(3%)
30%
$
3,003
$
4,050
35%
Wind-downs/sale/other revenues—Ex-divestitures
$
37
$
27
$
10
$
30
$
8
(73%)
(78%)
$
83
$
38
(54%)
Add:
Divestiture-related impacts on wind-downs/sale/other revenues
-
-
-
-
-
-
-
Wind-downs/sale/other revenues—U.S. GAAP
$
37
$
27
$
10
$
30
$
8
(73%)
(78%)
$
83
$
38
(54%)
Expenses
Closed or signed markets expenses—Ex-divestitures
$
161
$
133
$
108
$
75
$
68
(9%)
(58%)
$
296
$
143
(52%)
Add:
Divestiture-related impacts on closed or signed markets expenses
7
4
8
5
6
17
11
Closed or signed markets expenses—U.S. GAAP
$
168
$
137
$
116
$
80
$
74
(8%)
(56%)
$
313
$
154
(51%)
Mexico Consumer/SBMM expenses—Ex-divestitures
$
954
$
1,013
$
928
$
1,157
$
1,041
(10%)
9%
$
1,993
$
2,198
10%
Add:
Divestiture-related impacts on Mexico/SBMM
30
759
34
24
19
51
43
Mexico Consumer/SBMM expenses—U.S. GAAP
$
984
$
1,772
$
962
$
1,181
$
1,060
(10%)
8%
$
2,044
$
2,241
10%
Wind-downs/sale/other expenses—Ex-divestitures
$
172
$
174
$
186
$
92
$
134
46%
(22%)
$
332
$
226
(32%)
Add:
Divestiture-related impacts on wind-downs/sale/other expenses
-
3
(2)
2
-
3
2
Wind-downs/sale/other expenses—U.S. GAAP
$
172
$
177
$
184
$
94
$
134
43%
(22%)
$
335
$
228
(32%)
NM Not meaningful.
Reclassified to conform to the current period's presentation.
Page 30
EX-99.3
EX-99.3
Filename: c-20260714xex99d3.htm · Sequence: 4
Citigroup Inc._July 14, 2026
Exhibit 99.3
Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class
Ticker
Symbol(s)
Title for iXBRL
Name of each
exchange on
which
registered
Common Stock, par value $.01 per share
C
Common Stock, par value $.01 per share
New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 6.250% Noncumulative Preferred Stock, Series II
C PR R
Dep Shs, represent 1/1,000th interest in a share of 6.250% Noncum Pref Stk, Ser II
New York Stock Exchange
7.625% Trust Preferred Securities of Citigroup Capital III (and registrant’s guaranty with respect thereto)
C/36Y
7.625% TRUPs of Cap III (and registrant’s guaranty)
New York Stock Exchange
7.875% Fixed Rate / Floating Rate Trust Preferred Securities (TruPS®) of Citigroup Capital XIII (and registrant’s guaranty with respect thereto)
C N
7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)
New York Stock Exchange
Medium-Term Senior Notes, Series N, Callable Fixed Rate Notes Due April 26, 2028 of CGMHI (and registrant’s guaranty with respect thereto)
C/28
MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)
New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 17, 2026 of CGMHI (and registrant’s guaranty with respect thereto)
C/26
MTN, Series N, Floating Rate Notes Due Sept 2026 of CGMHI (and registrant’s guaranty)
New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 15, 2028 of CGMHI (and registrant’s guaranty with respect thereto)
C/28A
MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)
New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due October 6, 2028 of CGMHI (and registrant’s guaranty with respect thereto)
C/28B
MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)
New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due March 21, 2029 of CGMHI (and registrant’s guaranty with respect thereto)
C/29A
MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)
New York Stock Exchange
GRAPHIC
GRAPHIC
Filename: c-20260714xex99d1001.jpg · Sequence: 5
Binary file (2279 bytes)
Download c-20260714xex99d1001.jpg
GRAPHIC
GRAPHIC
Filename: c-20260714xex99d1002.jpg · Sequence: 6
Binary file (17309 bytes)
Download c-20260714xex99d1002.jpg
GRAPHIC
GRAPHIC
Filename: c-20260714xex99d2001.jpg · Sequence: 7
Binary file (3140 bytes)
Download c-20260714xex99d2001.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 13
v3.26.1
Document and Entity Information
Jul. 14, 2026
Document Type
8-K
Document Period End Date
Jul. 14, 2026
Entity File Number
1-9924
Entity Registrant Name
Citigroup Inc.
Entity Incorporation, State or Country Code
DE
Entity Tax Identification Number
52-1568099
Entity Address, Address Line One
388 Greenwich Street
Entity Address, City or Town
New York
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
10013
City Area Code
212
Local Phone Number
559-1000
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Entity Central Index Key
0000831001
Amendment Flag
false
Common Stock [Member]
Title of 12(b) Security
Common Stock, par value $.01 per share
Trading Symbol
C
Security Exchange Name
NYSE
Series II Preferred Stock [Member]
Title of 12(b) Security
Dep Shs, represent 1/1,000th interest in a share of 6.250% Noncum Pref Stk, Ser II
Trading Symbol
C PR R
Security Exchange Name
NYSE
Citigroup Capital III [Member]
Title of 12(b) Security
7.625% TRUPs of Cap III (and registrant’s guaranty)
Trading Symbol
C/36Y
Security Exchange Name
NYSE
Citigroup Capital XIII [Member]
Title of 12(b) Security
7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)
Trading Symbol
C N
Security Exchange Name
NYSE
Series N Medium Term Senior Notes Due Apr 2028 [Member]
Title of 12(b) Security
MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)
Trading Symbol
C/28
Security Exchange Name
NYSE
Series N Medium Term Senior Notes Due Sept 2026 [Member]
Title of 12(b) Security
MTN, Series N, Floating Rate Notes Due Sept 2026 of CGMHI (and registrant’s guaranty)
Trading Symbol
C/26
Security Exchange Name
NYSE
Series N Medium Term Senior Notes Due Sept 2028 [Member]
Title of 12(b) Security
MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)
Trading Symbol
C/28A
Security Exchange Name
NYSE
Series N Medium Term Senior Notes Due Oct 2028 [Member]
Title of 12(b) Security
MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)
Trading Symbol
C/28B
Security Exchange Name
NYSE
Series N Medium Term Senior Notes Due Mar 2029 [Member]
Title of 12(b) Security
MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)
Trading Symbol
C/29A
Security Exchange Name
NYSE
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_SeriesIiPreferredStockMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_CitigroupCapitalIiiMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_CitigroupCapitalXiiiMember
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_SeriesNMediumTermSeniorNotesDueApr2028Member
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_SeriesNMediumTermSeniorNotesDueSept2026Member
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_SeriesNMediumTermSeniorNotesDueSept2028Member
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_SeriesNMediumTermSeniorNotesDueOct2028Member
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type:
X
- Details
Name:
us-gaap_StatementClassOfStockAxis=c_SeriesNMediumTermSeniorNotesDueMar2029Member
Namespace Prefix:
Data Type:
na
Balance Type:
Period Type: