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)

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8-K

8-K (Primary)

Filename: c-20260714x8k.htm · Sequence: 1

Citigroup Inc._July 14, 2026

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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,

(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

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.

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

14%

Total operating expenses

14,215

14,311

13,577

(1)%

Net credit losses

2,404

2,208

2,234

Net ACL build / (release)(a)

102

581

224

(82)%

(54)%

Other provisions(b)

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

54%

Provision for income taxes

2,005

1,578

1,186

27%

69%

Income (loss) from continuing operations

6,024

5,939

4,033

49%

Income (loss) from discontinued operations, net of taxes

(1)

100%

Net income attributable to non-controlling interest

193

153

26%

Citigroup’s net income (loss)

5,831

5,785

4,019

45%

EOP loans ($B)

794

762

725

Average loans ($B)

785

755

712

10%

EOP assets ($B)

2,895

2,778

2,623

10%

EOP deposits ($B)

1,493

1,446

1,358

10%

Average deposits ($B)

1,504

1,446

1,343

12%

Book value per share

114.74

112.22

106.94

Tangible book value per share(c)

100.89

99.01

94.16

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.

(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.

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.

Services

($ in millions, except as otherwise noted)

2Q’26

1Q’26

2Q’25

QoQ%

YoY%

Net interest income

3,541

3,424

2,949

20%

Non-interest revenue

1,198

1,192

1,063

13%

Treasury and Trade Solutions

4,739

4,616

4,012

18%

Net interest income

750

719

681

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

18%

Total operating expenses

2,803

2,935

2,679

(4)%

Net credit losses

67%

(75)%

Net ACL build / (release)(a)

(47)%

(2)%

Other provisions(b)

286

40%

(98)%

Total provision for credit losses

353

(38)%

(84)%

Net income

2,584

2,228

1,712

16%

51%

Services Key Statistics and Metrics ($B)

Allocated Average TCE(c)

RoTCE(c)

30.9%

27.0%

20.8%

390 bps

1,010 bps

Average loans

103

10%

Average deposits

1,017

961

857

19%

Cross border transaction value(d)

115

106

101

13%

US dollar clearing volume (#MM)(e)

Commercial card spend volume(f)

12%

Assets under custody and/or administration (AUC/AUA) ($T)(g)

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.

(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.

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)%

Spread products / other fixed income

1,459

1,855

1,167

(21)%

25%

Fixed Income markets

4,706

5,166

4,388

(9)%

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)%

Net credit losses (recoveries)

(10)

(3)

(233)%

Net ACL build / (release)(a)

127

182%

Other provisions(b)

(8)

(12)

33%

Total provision for credit losses

109

(15)

108

Net income

2,387

2,595

1,803

(8)%

32%

Markets Key Statistics and Metrics ($B)

Allocated Average TCE(c)

RoTCE(c)

17.0%

18.7%

13.5%

(170) bps

350 bps

Average trading account assets

603

573

547

10%

Average loans

176

162

136

29%

Average VaR ($ in MM)(d)

122

127

117

(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.

(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.

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)%

Total Banking revenues(a)

1,954

1,717

1,496

14%

31%

Gain / (loss) on loan hedges(a)

(32)

(62)

48%

Total Banking revenues including gain/(loss) on loan hedges(a)

1,922

1,767

1,434

34%

Total operating expenses

1,212

1,240

1,137

(2)%

Net credit losses

138

Net ACL build / (release)(b)

100

124

139

(19)%

(28)%

Other provisions(c)

100%

(78)%

Total provision for credit losses

242

132

173

83%

40%

Net income

350

304

15%

276%

Banking Key Statistics and Metrics

Allocated Average TCE(d) ($B)

(15)%

RoTCE(d)

18.0%

15.8%

4.1%

220 bps

1,390 bps

Average loans ($B)

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.

(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.

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

17%

Private Bank

769

757

731

Wealth at Work

227

246

221

(8)%

Total revenues, net of interest expense

3,177

3,065

2,814

13%

Total operating expenses

2,377

2,415

2,313

(2)%

Net credit losses

(35)%

(22)%

Net ACL build / (release)(a)

(66)

(85)%

Other provisions(b)

Total provision for credit losses

101

(42)%

Net income

583

432

385

35%

51%

Wealth Key Statistics and Metrics ($B)

Allocated Average TCE(c)

RoTCE(c)

14.4%

10.8%

10.0%

360 bps

440 bps

Loans

208

205

200

Deposits

415

418

400

(1)%

Client investment assets(d)

727

676

635

14%

EOP client balances

1,350

1,299

1,235

Net New Investment Assets (NNIA)(e)

(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.

(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.

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

Non-interest revenue

(659)

(359)

(447)

(84)%

(47)%

Total revenues, net of interest expense

4,521

4,757

4,471

(5)%

Total operating expenses

1,794

1,711

1,626

10%

Net credit losses

1,850

1,742

1,856

Net ACL build / (release)(b)

(232)

348

(5)

Other provisions(c)

(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)

(24)%

RoTCE(d)

22.0%

19.2%

15.0%

280 bps

700 bps

Average loans

177

171

168

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.

(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.

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)

34%

Total revenues

1,737

1,682

1,716

Total operating expenses

2,220

2,144

2,277

(3)%

Net credit losses

366

371

256

(1)%

43%

Net ACL build / (release)(c)

490%

(8)%

Other provisions(d)

(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%

Net (loss)

(923)

(494)

(552)

(87)%

(67)%

All Other Key Statistics and Metrics ($B)

Allocated Average TCE(e)

(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.

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.

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)

(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.

EX-99.2

Filename: c-20260714xex99d2.htm · Sequence: 3

Exhibit 99.2

CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT

2Q26

Page

Citigroup

Financial Summary

Consolidated Statement of Income

Consolidated Balance Sheet

Segment Net Revenues and Income (Loss)

Services

Markets

Banking

Wealth

U.S. Consumer Cards (USCC)

Metrics

All Other

Legacy Franchises

Corporate/Other

Divestiture-Related Impacts—Reconciling Items

Citigroup Supplemental Detail

Average Balances and Interest Rates

EOP (End-of-Period) Loans

EOP Deposits

Allowance for Credit Losses (ACL) Rollforward

Allowance for Credit Losses on Loans (ACLL) and Unfunded Lending Commitments (ACLUC)

19 - 20

Non-Accrual Assets

Citigroup Regulatory Capital, Ratios and Composition

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)

Reconciliations of Adjusted Results and FX Impact

FX Impact

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

Notable Items Adjustments and All Other (Managed Basis)

All Other (Managed Basis),and Legacy Franchises (Managed Basis)

Services and Banking—Corporate Lending Revenues

Total Citigroup Revenues, Total Operating Expenses, RoCE and RoTCE

Legacy Franchises Exits Contribution

CITIGROUP FINANCIAL SUMMARY

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

2Q26 Increase/

Six

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Revenues, net of interest expense

21,668

22,090

19,871

24,633

24,766

14%

43,264

49,399

14%

Operating expenses

13,577

14,290

13,840

14,311

14,215

(1%)

27,002

28,526

Net credit losses (NCLs)

2,234

2,214

2,190

2,208

2,404

4,693

4,612

(2%)

Credit reserve build (release) for loans

243

397

199

(50%)

(18%)

345

596

73%

Provision / (release) for unfunded lending commitments

(19)

100

184

(97)

(411%)

(2%)

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

414

(96%)

468

(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

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

49%

8,141

11,963

47%

Income (loss) from discontinued operations, net of taxes

(1)

100%

(1)

Net income (loss) before noncontrolling interests

4,033

3,790

2,522

5,938

6,024

49%

8,140

11,962

47%

Net income (loss) attributable to noncontrolling interests

153

193

26%

346

Citigroup's net income (loss)

4,019

3,752

2,471

5,785

5,831

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

61%

3.92

6.21

58%

Net income (loss)

1.96

1.86

1.19

3.06

3.15

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

10%

Total average assets

2,647.8

2,688.8

2,722.5

2,816.8

2,936.0

11%

2,582.5

2,876.4

11%

Total loans

725.3

733.9

752.2

761.6

793.7

Total deposits

1,357.7

1,383.9

1,403.6

1,446.2

1,492.6

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

Tangible book value per share(4)

94.16

95.72

97.06

99.01

100.89

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Revenues

Interest income (including dividends)

35,859

36,690

36,649

35,513

37,662

69,525

73,175

Interest expense

20,684

21,750

20,984

19,772

20,537

(1%)

40,338

40,309

Net interest income (NII)

15,175

14,940

15,665

15,741

17,125

13%

29,187

32,866

13%

Commissions and fees

2,745

2,888

2,829

3,272

3,298

20%

5,452

6,570

21%

Principal transactions

2,503

2,772

1,450

4,008

2,481

(38%)

(1%)

6,013

6,489

Administration and other fiduciary fees

1,123

1,117

1,129

1,123

1,257

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)

293

(1,075)

359

504

40%

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

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

4,693

4,612

(2%)

Credit reserve build / (release) for loans

243

397

199

(50%)

(18%)

345

596

73%

Provision for credit losses on loans

2,477

2,259

2,200

2,605

2,603

5,038

5,208

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

(5)

(30)

(86%)

(29)

Provision for credit losses on other assets

381

(32)

(2)

420

(93%)

Policyholder benefits and claims

31%

(35%)

Provision for credit losses on unfunded lending commitments

(19)

100

184

(97)

(411%)

(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%)

15,097

16,374

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

13%

2,286

2,566

12%

Premises and equipment

615

607

681

586

618

1,189

1,204

Professional services

510

514

573

441

438

(1%)

(14%)

986

879

(11%)

Advertising and marketing

269

260

318

233

283

21%

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

Total operating expenses

13,577

14,290

13,840

14,311

14,215

(1%)

27,002

28,526

Income (loss) from continuing operations before income taxes

5,219

5,350

3,811

7,517

8,029

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

49%

8,141

11,963

47%

Discontinued operations

Income (loss) from discontinued operations

(1)

100%

(1)

Provision (benefit) for income taxes

Income (loss) from discontinued operations, net of taxes

(1)

100%

(1)

Net income (loss) before attribution to noncontrolling interests

4,033

3,790

2,522

5,938

6,024

49%

8,140

11,962

47%

Noncontrolling interests

153

193

26%

346

Citigroup's net income (loss)

4,019

3,752

2,471

5,785

5,831

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

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

(1%)

Deposits with banks, net of allowance

312,482

324,515

325,862

362,097

341,750

(6%)

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

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

10%

Total investments

449,400

450,732

444,229

444,164

462,921

Loans

Consumer(2)

395,759

398,628

408,533

402,391

416,520

Corporate(3)

329,586

335,277

343,697

359,225

377,138

14%

Loans, net of unearned income

725,345

733,905

752,230

761,616

793,658

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

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

Other assets, net of allowance

116,599

113,116

117,677

110,658

111,377

(4%)

Total assets

2,622,772

2,642,475

2,657,202

2,777,687

2,894,654

10%

Liabilities

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

119,898

116,921

121,610

122,083

122,307

Interest-bearing deposits in U.S. offices

575,709

592,728

613,052

634,812

665,841

16%

Total U.S. deposits

695,607

709,649

734,662

756,895

788,148

13%

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

86,458

83,920

87,041

86,004

83,823

(3%)

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

575,668

590,360

581,870

603,341

620,636

Total international deposits

662,126

674,280

668,911

689,345

704,459

Total deposits

1,357,733

1,383,929

1,403,573

1,446,240

1,492,607

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

28%

Trading account liabilities

163,952

160,243

162,798

185,266

187,193

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

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

11%

Stockholders' equity

Preferred stock

16,350

19,050

20,050

19,550

20%

Common stock

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

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)

10%

Total common equity

196,872

193,973

192,241

191,409

192,465

(2%)

Total Citigroup stockholders' equity

213,222

213,023

212,291

210,959

212,015

(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

Total liabilities and equity

2,622,772

2,642,475

2,657,202

2,777,687

2,894,654

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Revenues, net of interest expense

Services

5,430

5,730

6,272

6,103

6,382

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

34%

2,964

3,689

24%

Wealth

2,814

2,839

2,862

3,065

3,177

13%

5,571

6,242

12%

U.S. Consumer Cards (USCC)

4,471

4,656

4,564

4,757

4,521

(5%)

9,038

9,278

All Other—managed basis(1)(2)

1,716

1,471

(208)

1,682

1,737

3,179

3,419

Reconciling Items—divestiture-related impacts(3)

(177)

(1)

54%

(177)

Total net revenues—reported

21,668

22,090

19,871

24,633

24,766

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

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

49%

8,141

11,963

47%

Discontinued operations

(1)

100%

(1)

Net income (loss) attributable to noncontrolling interests

153

193

26%

346

Net income (loss)

4,019

3,752

2,471

5,785

5,831

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Net interest income (including dividends)

3,630

3,823

4,050

4,143

4,291

18%

7,128

8,434

18%

Fee revenue

Commissions and fees

904

880

879

909

924

1,719

1,833

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

3,129

3,485

11%

Principal transactions

124

190

257

263

264

113%

357

527

48%

All other

335

(44%)

(30%)

95%

Total non-interest revenue

1,800

1,907

2,222

1,960

2,091

16%

3,506

4,051

16%

Total revenues, net of interest expense

5,430

5,730

6,272

6,103

6,382

18%

10,634

12,485

17%

Total operating expenses

2,679

2,707

2,843

2,935

2,803

(4%)

5,263

5,738

Net credit losses (recoveries) on loans

67%

(75%)

(69%)

Credit reserve build (release) for loans

(4)

(18)

(53%)

(13%)

143

86%

Provision (release) for credit losses on unfunded lending commitments

(6)

(8)

(11)

100%

(12)

(11)

Provisions for credit losses for other assets and HTM debt securities

286

(15)

40%

(98%)

313

(96%)

Provision for credit losses

353

(11)

(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

(7%)

(19%)

(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%)

Average assets (in billions)

593

616

630

637

659

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

33.5

33.0

33.5

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

20%

5,814

6,965

20%

Non-interest revenue

1,063

1,099

1,182

1,192

1,198

13%

2,127

2,390

12%

Treasury and Trade Solutions (TTS)

4,012

4,220

4,485

4,616

4,739

18%

7,941

9,355

18%

Net interest income

681

702

747

719

750

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

18%

10,634

12,485

17%

Revenue by managed geography

North America

1,660

1,759

1,939

1,976

2,126

28%

3,209

4,102

28%

International

3,770

3,971

4,333

4,127

4,256

13%

7,425

8,383

13%

Total

5,430

5,730

6,272

6,103

6,382

18%

10,634

12,485

17%

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

Average loans by line of business

TTS

101

10%

Securities Services

100%

Total

103

10%

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

19%

702

832

19%

Securities Services

144

149

155

149

165

11%

15%

140

157

12%

Total

857

893

935

961

1,017

19%

842

989

17%

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

28.2

29.7

31.4

31.6

34.5

22%

Cross-border transaction value(5)

101.3

104.8

115.2

106.3

114.6

13%

196.4

220.9

12%

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

44.3

44.8

45.3

43.9

46.3

87.0

90.2

Commercial card spend volume

17.9

18.4

17.7

18.6

20.1

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

143

19%

35%

241

263

Other(2)

(2%)

103

109

Total fee revenue

556

626

541

653

666

20%

1,143

1,319

15%

Principal transactions

2,302

2,737

1,155

3,542

2,088

(41%)

(9%)

5,587

5,630

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

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%)

6,974

7,619

Net credit losses (recoveries) on loans

(12)

(3)

(10)

(233%)

150

(13)

Credit reserve build (release) for loans

(44)

(73)

209%

34%

101

(7%)

Provision (release) for credit losses on unfunded lending commitments

(8)

(7)

(23)

Provisions for credit losses for other assets and HTM debt securities

(5)

(12)

(8)

33%

(20)

Provision for credit losses

108

(104)

(15)

109

309

(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

(50%)

(19%)

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

17%

Average assets (in billions)

1,219

1,229

1,247

1,325

1,406

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

56.4

53.5

56.4

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%)

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%)

6,337

6,558

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%)

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

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%

0.64%

(3) bps

(21) bps

Average trading account assets

547

555

556

573

603

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Net interest income (including dividends)

530

562

549

587

560

(5%)

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)

(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)

(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

34%

2,964

3,689

24%

Total operating expenses

1,137

1,139

1,152

1,240

1,212

(2%)

2,171

2,452

13%

Net credit losses on loans

138

144

188%

Credit reserve build (release) for loans

137

136

175

(19)

215

156

(27%)

Provision (release) for credit losses on unfunded lending commitments

(51)

119

109

(38%)

Provisions for credit losses for other assets and HTM debt securities

100%

(78%)

(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)

117

29%

255%

208

124%

Income (loss) from continuing operations

267

355

304

351

15%

286%

313

655

109%

Noncontrolling interests

(2)

(3)

Net income (loss)

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

147

157

Efficiency ratio

79%

69%

65%

70%

63%

(700) bps

(1,600) bps

73%

66%

(700) bps

Average allocated TCE (in billions)(3)

9.2

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%)

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)

(32)

48%

(48)

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

1,434

1,647

1,773

1,767

1,922

34%

2,964

3,689

24%

Business metrics—investment banking revenues(5)

Advisory

407

425

649

505

390

(23%)

(4%)

833

895

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%

1,442

1,493

Total

1,434

1,647

1,773

1,767

1,922

34%

2,964

3,689

24%

Key drivers(6) (in billions of dollars)

Average loans

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Net interest income

1,831

1,902

2,018

2,095

2,155

18%

3,662

4,250

16%

Fee revenue

Commissions and fees

454

494

465

543

587

29%

938

1,130

20%

Other(1)

246

232

238

207

206

(16%)

493

413

(16%)

Total fee revenue

700

726

703

750

793

13%

1,431

1,543

All other(2)

283

211

141

220

229

(19%)

478

449

(6%)

Total non-interest revenue

983

937

844

970

1,022

1,909

1,992

Total revenues, net of interest expense

2,814

2,839

2,862

3,065

3,177

13%

5,571

6,242

12%

Total operating expenses

2,313

2,375

2,377

2,415

2,377

(2%)

4,703

4,792

Net credit losses on loans

(35%)

(22%)

140

145

Credit reserve build (release) for loans

(65)

(16)

(100%)

100%

(1)

Provision (release) for credit losses on unfunded lending commitments

(1)

(2)

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

(1)

(4)

100%

Provisions for credit losses and for PBC

101

(42%)

133

160

20%

Income from continuing operations before taxes

494

391

398

549

741

35%

50%

735

1,290

76%

Income taxes

109

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

Average assets (in billions)

305

315

325

321

324

303

323

Efficiency ratio

82%

84%

83%

79%

75%

(400) bps

(700) bps

84%

77%

(700) bps

Average allocated TCE (in billions)(3)

15.4

16.2

15.4

16.2

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

17%

3,687

4,243

15%

Private Bank

731

656

625

757

769

1,395

1,526

Wealth at Work

221

214

227

246

227

(8%)

489

473

(3%)

Total

2,814

2,839

2,862

3,065

3,177

13%

5,571

6,242

12%

Revenue by managed geography

North America

1,729

1,741

1,825

1,893

1,977

14%

3,463

3,870

12%

International

1,085

1,098

1,037

1,172

1,200

11%

2,108

2,372

13%

Total

2,814

2,839

2,862

3,065

3,177

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

14%

Deposits

400

408

413

418

415

(1%)

Loans

200

202

204

205

208

Total

1,235

1,270

1,287

1,299

1,350

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

2.0

18.6

7.2

14.7

15.7

18.5

30.4

64%

Average deposits

398

405

407

414

415

399

415

Average loans

197

201

203

205

206

196

206

ACLL as a % of EOP loans(9)

0.34%

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 bps

U.S. Retail Banking branches (actual)

650

653

655

(1)

Primarily related to fiduciary and administrative fees.

(2)

Primarily related to principal transactions revenue including FX translation.

(3)

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Net interest income

4,918

5,124

5,143

5,116

5,180

9,902

10,296

Fee revenue

Interchange fees(1)

2,459

2,448

2,526

2,404

2,740

14%

11%

4,744

5,144

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

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)

(4)

(82%)

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%)

9,038

9,278

Total operating expenses

1,626

1,644

1,794

1,711

1,794

10%

3,317

3,505

Net credit losses on loans

1,856

1,741

1,739

1,742

1,850

3,810

3,592

(6%)

Credit reserve build (release) for loans

(5)

(117)

(47)%

(179)

116

Provision (release) for credit losses on unfunded lending commit.(3)

272

(272)

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

(100%)

(50%)

Provisions for credit losses and for PBC

1,852

1,799

1,624

2,092

1,618

(23%)

(13%)

3,635

3,710

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%

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

178

171

182

Average assets (in billions)

168

171

173

172

178

169

175

Efficiency ratio

36%

35%

39%

36%

40%

400 bps

37%

38%

100 bps

Average allocated TCE (in billions)(4)

20.3

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

168

174

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)

(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/

(Decrease) from

Key drivers(1)(2) (in billions of dollars, except as otherwise noted)

2025

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

144.9

PLCC

30.1

30.0

29.8

28.9

28.3

(2%)

(6%)

Installment Lending

3.7

3.9

3.8

EOP loans(5)

GPCC

136.8

137.7

143.2

138.7

149.2

PLCC

30.4

29.8

30.5

28.3

28.4

(7%)

Installment Lending

3.7

3.8

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%

0.55%

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

3,179

3,419

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

2,277

2,169

2,026

2,144

2,220

(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

369%

(13%)

143

(48%)

Provision (release) for credit losses on unfunded lending commitments

(6)

(3)

(2)

33%

67%

(7)

(5)

29%

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

(32%)

(76%)

(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%)

(2,057)

(1,783)

13%

Income taxes (benefits)

(362)

(277)

(410)

(474)

(160)

66%

56%

(645)

(634)

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)

100%

(1)

Noncontrolling interests

(21)

105

162

54%

(5)

267

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%

142%

128%

Average allocated TCE (in billions)(10)

40.7

40.9

39.0

39.8

39.7

(2%)

39.3

39.8

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

(27%)

(50%)

290

182

(37%)

Legacy Holdings Assets (LHA)

(12)

(15)

(13)

Corporate/Other

(400)

(537)

(479)

(316)

34%

(133)

(795)

(498%)

Total

1,716

1,471

(208)

1,682

1,737

3,179

3,419

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

EOP loans

26.8

28.5

30.0

30.6

32.0

19%

EOP deposits

38.4

40.6

43.8

46.0

20%

Average loans

25.5

27.2

29.2

30.7

31.7

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

1.7

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)

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

369%

(13%)

143

(48%)

Provision (release) for credit losses on unfunded lending commitments

(6)

(3)

(2)

33%

67%

(7)

(5)

29%

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

(46%)

(71%)

(47%)

Provisions for credit losses and for PBC

371

327

447

409

440

19%

729

849

16%

Income (loss) from continuing operations before taxes

224

(1,340)

428

370

(14%)

(38)

798

Income taxes (benefits)

(5)

147

137

120

(12%)

(30)

257

Income (loss) from continuing operations

158

(1,487)

291

250

(14%)

(8)

541

Noncontrolling interests

(22)

114

159

39%

(8)

273

Net income (loss)

155

(1,496)

177

(49%)

52%

268

EOP assets (in billions)

Average assets (in billions)

11%

13%

Efficiency ratio

76%

71%

371%

61%

79%

61%

Average allocated TCE (in billions)(10)

5.1

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

(27%)

(50%)

290

182

(37%)

Legacy Holdings Assets (LHA)

(12)

(15)

(13)

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

19%

EOP deposits

38.4

40.6

43.8

46.0

20%

Average loans

25.5

27.2

29.2

30.7

31.7

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

1.7

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)

(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)

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Net interest income

171

(235)

(476)

(547)

(15%)

288

(1,023)

Non-interest revenue

(146)

(413)

(302)

(3)

231

(421)

228

Total revenues, net of interest expense

(400)

(537)

(479)

(316)

34%

(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

(9)

(2)

78%

(11)

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)

100%

(1)

Noncontrolling interests

(9)

200%

(6)

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Net interest income

Non-interest revenue(2)

(177)

(1)

54%

(177)

Total revenues, net of interest expense

(177)

(1)

54%

(177)

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

766

(19%)

(32%)

(21%)

Net credit losses on loans

(3)

(2)

(1)

Credit reserve build (release) for loans

(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

(3)

(1)

(2)

(6)

(1)

83%

Income (loss) from continuing operations before taxes

(219)

(761)

(40)

(19)

(3)

84%

99%

(242)

(22)

91%

Income taxes (benefits)

(39)

(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%

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/

(Decrease) from

2025

2026

1Q26

2Q25

Corporate loans by region

North America

146.5

150.1

155.2

163.6

174.8

19%

International

183.1

185.2

188.5

195.6

202.3

10%

Total corporate loans

329.6

335.3

343.7

359.2

377.1

14%

Corporate loans by segment and reporting unit

Services

96.4

99.4

99.5

101.5

106.6

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

17%

Total corporate loans

329.6

335.3

343.7

359.2

377.1

14%

Wealth by region

North America

147.3

148.2

150.2

150.4

151.9

International

52.7

53.5

54.1

54.6

56.2

Total

200.0

201.7

204.3

205.0

208.1

USCC

GPCC

136.8

137.7

143.2

138.7

149.2

PLCC

30.4

29.8

30.5

28.3

28.4

(7%)

Installment Lending

3.7

3.8

Total

170.9

171.3

177.5

170.8

181.4

All Other—Consumer

Mexico Consumer

20.0

21.2

22.5

22.8

23.9

20%

Asia Consumer

3.0

2.7

2.5

2.2

2.1

(5%)

(30%)

Legacy Holdings Assets (LHA)

1.9

1.7

1.6

1.0

(38%)

(47%)

Total

24.9

25.6

26.7

26.6

27.0

Total consumer loans

395.8

398.6

408.5

402.4

416.5

Total loans—EOP

725.3

733.9

752.2

761.6

793.7

Total loans—average

712.2

725.0

736.7

755.2

785.0

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/

(Decrease) from

2025

2026

1Q26

2Q25

Services, Markets, and Banking by region (institutional)

North America

414.4

428.3

452.9

478.5

518.1

25%

International

477.2

483.1

481.3

499.3

504.3

Total

891.6

911.4

934.2

977.8

1,022.4

15%

Treasury and Trade Solutions

726.4

740.0

779.4

804.5

828.2

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

15%

Markets

16.7

19.3

16.0

17.7

19.1

14%

Banking

0.4

0.8

0.4

0.5

25%

Total

891.6

911.4

934.2

977.8

1,022.4

15%

Wealth

North America

277.3

278.5

285.6

285.8

279.7

(2%)

International

123.1

129.2

126.9

132.1

135.7

10%

Total

400.4

407.7

412.5

417.9

415.4

(1%)

All Other

Legacy Franchises

Mexico Consumer

28.5

29.7

33.3

32.6

34.4

21%

Mexico SBMM—corporate

9.9

10.9

10.5

11.2

11.6

17%

Asia Consumer

1.5

1.3

1.1

0.9

0.8

(11%)

(47%)

Legacy Holdings Assets (LHA)(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

(17%)

Total deposits—EOP

1,357.7

1,383.9

1,403.6

1,446.2

1,492.6

10%

Total deposits—average

1,342.8

1,382.2

1,422.3

1,446.4

1,503.5

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

Allowance for credit losses on loans (ACLL)

Services

264

(4)

(18)

327

143

474

Markets

1,030

(44)

(73)

(16)

1,027

(3)

1,118

Banking

1,167

137

136

389

1,578

175

(19)

156

(13)

1,721

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

(12)

121

138

Total corporate ACLL

2,556

154

259

(22)

442

3,053

299

108

407

(9)

3,451

0.94%

U.S. Cards

13,560

(169)

(12)

(102)

(239)

13,324

119

13,518

7.61%

Installment lending

425

(5)

(15)

(2)

(1)

422

(2)

(1)

(3)

419

Total USCC

13,985

(174)

(5)

(117)

(241)

13,746

116

13,937

Wealth

673

(65)

(16)

(11)

669

(1)

681

All Other—consumer

1,360

210

209

1,779

1,892

Total consumer ACLL

16,018

(52)

(16)

(41)

(42)

218

16,194

189

127

16,510

3.96%

Total ACLL

18,574

102

243

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

202

1,833

184

(97)

(21)

1,899

Total ACLL and ACLUC

20,175

210

224

145

602

303

21,080

581

102

683

21,860

Other(4)(5)

2,002

388

(17)

479

(2,188)

293

(1)

(4)

291

Total ACL

22,177

244

612

219

1,081

(1,885)

21,373

584

101

685

22,151

(1)

Primarily includes FX translation on the EOP ACL balances.

(2)

See footnote 3 on page 16.

(3)

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

18,574

19,247

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)

(4,693)

(4,612)

(2%)

Replenishment of NCLs

2,234

2,214

2,190

2,208

2,404

4,693

4,612

(2%)

Net reserve builds / (releases) for loans

243

397

199

(50%)

(18%)

345

596

73%

Provision for credit losses on loans (PCLL)

2,477

2,259

2,200

2,605

2,603

5,038

5,208

Other, net(1)(2)(3)(4)(5)(6)

154

(8)

126

(18%)

204

118

(42%)

ACLL at end of period (a)

19,123

19,206

19,247

19,636

19,961

19,123

19,961

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

184

(97)

(411%)

(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

20,844

21,860

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

16,018

16,194

NCLs

(2,185)

(2,122)

(2,148)

(2,200)

(2,270)

(4,462)

(4,470)

Replenishment of NCLs

2,185

2,122

2,148

2,200

2,270

4,462

4,470

Net reserve builds / (releases) for loans

(16)

(41)

(7%)

(68)

189

Provision for credit losses on loans (PCLL)

2,169

2,189

2,107

2,298

2,361

4,394

4,659

Other, net(1)(2)(3)(4)(5)(6)

115

122

150

127

(15%)

ACLL at end of period (b)

16,100

16,205

16,194

16,297

16,510

16,100

16,510

Consumer ACLUC(7)(8) (b)

297

(92%)

(4%)

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

(1)

(4)

274

(274)

(4)

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

16,124

16,533

Consumer ACLL as a % of total consumer loans

4.07%

3.96%

4.05%

3.96%

(9) bps

(11) bps

Consumer NCLs (annualized) as a % of average loans

2.25%

2.12%

2.21%

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

23%

2,556

3,053

19%

NCLs

(49)

(92)

(42)

(8)

(134)

173%

(231)

(142)

(39%)

Replenishment of NCLs

134

173%

231

142

(39%)

Net reserve builds / (releases) for loans

259

(22)

299

108

(64%)

(58%)

413

407

(1%)

Provision for credit losses on loans (PCLL)

308

307

242

(21%)

644

549

(15%)

Other, net(1)

(13)

(90%)

(9)

ACLL at end of period (c)

3,023

3,001

3,053

3,339

3,451

14%

3,023

3,451

14%

Corporate ACLUC(7) (c)

1,697

1,800

1,809

1,716

1,876

11%

1,697

1,876

11%

Provision (release) for credit losses on unfunded lending commitments

(18)

104

(90)

177

(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

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/

(Decrease) from

2025

2026

1Q26

2Q25

Corporate non-accrual loans by region(1)

North America

953

1,280

1,145

955

784

(18%)

International

769

791

856

1,002

963

(4%)

25%

Total

1,722

2,071

2,001

1,957

1,747

(11%)

Corporate non-accrual loans(1)

Banking

502

820

919

971

772

(20%)

54%

Services

134

187

337

393

419

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%)

Consumer non-accrual loans(1)

Wealth

945

886

847

660

728

10%

(23%)

USCC

(5%)

Mexico Consumer

485

526

585

577

631

30%

Asia Consumer

(19%)

Legacy Holdings Assets—Consumer

165

157

149

144

(38%)

(45%)

Total

1,632

1,607

1,618

1,414

1,482

(9%)

Total non-accrual loans (NAL)

3,354

3,678

3,619

3,371

3,229

(4%)

Other real estate owned (OREO)(2)

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

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)

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

(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

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

Tangible book value per share (TCE/CSO)(1)

94.16

95.72

97.06

99.01

100.89

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

33.5

33.0

33.5

Markets

53.5

56.4

53.5

56.4

Banking

9.2

7.8

(15%)

9.2

7.8

(15%)

Wealth

15.4

16.2

15.4

16.2

USCC

20.3

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

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

3.5

3.9

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

0.4

0.6

50%

0.6

1.0

67%

USCC

0.8

0.9

0.7

0.9

29%

13%

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

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%)

(10.1%)

(28.2%)

Reconciling Items—divestiture-related impacts(4)

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

14%

43,264

49,399

14%

Impact of FX translation(1)

176

186

159

723

Total revenues—Ex-FX(1)

21,844

22,276

20,030

24,637

24,766

13%

43,987

49,399

12%

Total operating expenses—as reported

13,577

14,290

13,840

14,311

14,215

(1%)

27,002

28,526

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%)

27,565

28,526

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)

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

54%

10,667

15,546

46%

Impact of FX translation(1)

(10)

(2)

Total EBIT—Ex-FX(1)

5,209

5,348

3,827

7,523

8,029

54%

10,683

15,546

46%

Total EOP Loans—as reported

725

734

752

762

794

10%

Impact of FX translation(1)

(1)

Total EOP Loans—Ex-FX(1)

724

733

751

762

794

10%

Total EOP Deposits—as reported

1,358

1,384

1,404

1,446

1,493

10%

Impact of FX translation(1)

(4)

(3)

(5)

Total EOP Deposits—Ex-FX(1)

1,354

1,381

1,399

1,447

1,493

10%

Total Average Loans—as reported

712

725

737

755

785

10%

702

770

10%

Impact of FX translation(1)

Total Average Loans—Ex-FX(1)

718

727

739

755

785

711

770

Total Average Deposits—as reported

1,343

1,382

1,422

1,446

1,504

12%

1,324

1,475

11%

Impact of FX translation(1)

Total Average Deposits—Ex-FX(1)

1,355

1,387

1,428

1,446

1,504

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

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%)

2,044

2,241

10%

Impact of FX translation(1)

101

118

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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

14%

43,264

49,399

14%

Less:

Total divestiture-related Impacts on revenues(1)

(177)

(1)

(177)

Total Citigroup revenues, excluding divestitures impacts(*)

21,845

22,088

19,872

24,620

24,746

13%

43,441

49,366

14%

Total Citigroup revenues—as reported

21,668

22,090

19,871

24,633

24,766

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

14%

43,264

49,399

14%

Total Citigroup net interest income (NII)—as reported

15,175

14,940

15,665

15,741

17,125

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

24,439

26,067

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

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

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%)

27,002

28,526

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%)

27,002

28,526

Total Citigroup revenues—as reported

21,668

22,090

19,871

24,633

24,766

14%

43,264

49,399

14%

Total Citigroup operating expenses—as reported

13,577

14,290

13,840

14,311

14,215

(1%)

27,002

28,526

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

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%)

27,002

28,526

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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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%

4,955

4,982

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%

4,955

4,982

Notable items adjustments

Total Citigroup net income—as reported

4,019

3,752

2,471

5,785

5,831

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

45%

8,083

11,616

44%

Total Citigroup diluted EPS—as reported

1.96

1.86

1.19

3.06

3.15

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

61%

3.92

6.21

58%

Total Citigroup diluted EPS—as reported

1.96

1.86

1.19

3.06

3.15

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

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

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

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

3,179

3,419

Add:

Total divestiture-related impacts on revenues(5)

(177)

(1)

(177)

All Other revenues—U.S. GAAP

1,539

1,473

(209)

1,695

1,757

14%

3,002

3,452

15%

All Other operating expenses—managed basis(*)

2,277

2,169

2,026

2,144

2,220

(3%)

4,503

4,364

(3%)

Add:

Total divestiture-related impacts on operating expenses(6)

766

All Other operating expenses—U.S. GAAP

2,314

2,935

2,066

2,175

2,245

(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

(3)

(1)

(2)

(6)

(1)

All Other provisions for credit losses—U.S. GAAP

379

328

448

401

436

15%

727

837

15%

All Other EBIT—managed basis(*)

(935)

(1,029)

(2,683)

(862)

(921)

(7%)

(2,057)

(1,783)

13%

Add:

Total divestiture-related impacts on revenues(5)

(177)

(1)

(177)

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)

(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)

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

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)

(1)

(177)

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)

(1)

Total divestiture-related impacts on income taxes

(16)

(70)

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)

(1)

(177)

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)

766

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

19%

729

849

16%

Add:

Total divestiture-related impacts on provisions for credit losses

(3)

(1)

(2)

(6)

(1)

LF provisions for credit losses—U.S. GAAP

376

324

446

410

438

16%

723

848

17%

LF EBIT—managed basis(*)

224

(1,340)

428

370

(14%)

(38)

798

Add:

Total divestiture-related impacts on revenue(2)

(177)

(1)

(177)

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)

(1)

LF EBIT—U.S. GAAP

(186)

(537)

(1,380)

409

367

(10%)

(280)

776

LF net income (loss)—managed basis(*)

155

(1,496)

177

(49%)

52%

268

Add:

Total divestiture-related impacts on revenue(2)

(177)

(1)

(177)

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)

(1)

Total divestiture-related impacts on income taxes

(16)

(70)

LF net income (loss)—U.S. GAAP

(120)

(622)

(1,606)

165

(46%)

(195)

254

Represents a non-GAAP financial measure.

(1)

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Services

Services revenues—as reported

5,430

5,730

6,272

6,103

6,382

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

18%

10,634

12,485

17%

Services non-interest revenue (NIR)—as reported

1,800

1,907

2,222

1,960

2,091

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

16%

3,506

4,051

16%

Banking—Corporate Lending revenues

Banking—Corporate Lending revenues—as reported

361

409

417

441

374

(15%)

777

815

Gain (loss) on loan hedges(2)

(62)

(44)

(26)

(32)

(48)

Banking—Corporate Lending revenues—excluding gain (loss) on loan hedges(*)

423

453

443

391

406

(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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Total Citigroup revenues

Total Citigroup revenues—as reported

21,668

22,090

19,871

24,633

24,766

14%

43,264

49,399

14%

Less:

Total divestiture-related impacts on revenues(2)

(177)

(1)

(177)

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

13%

43,441

49,366

14%

Total Citigroup operating expenses—as reported

13,577

14,290

13,840

14,311

14,215

(1%)

27,002

28,526

Less:

Total divestiture-related impacts on expenses(4)

766

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%)

26,931

28,470

Total Citigroup operating expenses—as reported

13,577

14,290

13,840

14,311

14,215

(1%)

27,002

28,526

Less:

Goodwill impairment(6)

726

Total Citigroup operating expenses, excluding goodwill impairment(*)

13,577

13,564

13,840

14,311

14,215

(1%)

27,002

28,526

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

(230) 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

(260) 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

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

1Q26

2Q25

2025

2026

(Decrease)

Legacy Franchises (LF) exits contribution

Revenues

Closed or signed markets revenues—Ex-divestitures

118

122

(1,456)

(30%)

(54%)

226

131

(42%)

Add:

Divestiture-related impacts on closed or signed markets revenues

(177)

(1)

(177)

Closed or signed markets revenues—U.S. GAAP

(59)

124

(1,457)

(23%)

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

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

(73%)

(78%)

(54%)

Add:

Divestiture-related impacts on wind-downs/sale/other revenues

Wind-downs/sale/other revenues—U.S. GAAP

(73%)

(78%)

(54%)

Expenses

Closed or signed markets expenses—Ex-divestitures

161

133

108

(9%)

(58%)

296

143

(52%)

Add:

Divestiture-related impacts on closed or signed markets expenses

Closed or signed markets expenses—U.S. GAAP

168

137

116

(8%)

(56%)

313

154

(51%)

Mexico Consumer/SBMM expenses—Ex-divestitures

954

1,013

928

1,157

1,041

(10%)

1,993

2,198

10%

Add:

Divestiture-related impacts on Mexico/SBMM

759

Mexico Consumer/SBMM expenses—U.S. GAAP

984

1,772

962

1,181

1,060

(10%)

2,044

2,241

10%

Wind-downs/sale/other expenses—Ex-divestitures

172

174

186

134

46%

(22%)

332

226

(32%)

Add:

Divestiture-related impacts on wind-downs/sale/other expenses

(2)

Wind-downs/sale/other expenses—U.S. GAAP

172

177

184

134

43%

(22%)

335

228

(32%)

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 30

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

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

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Jul. 14, 2026

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Jul. 14, 2026

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Citigroup Inc.

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