CITIGROUP INC (Form: 8-K, Received: 04/14/2026 09:42:47)

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) April 14, 2026

Citigroup Inc.

(Exact name of registrant as specified in its charter)


Delaware	1-9924	52-1568099
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

388 Greenwich Street, New York, NY (Address of principal executive offices)		10013 (Zip Code)

(212) 559-1000

(Registrant's telephone number,
including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 formatted in Inline XBRL: See Exhibit 99.3

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

CITIGROUP INC.

Current Report on Form 8-K

Item 2.02 Results of Operations and Financial Condition.

On April 14, 2026, Citigroup Inc. announced its results for the quarter ended March 31, 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 March 31, 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 April 14, 2026.

99.2		Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended March 31, 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: April 14, 2026
	By:	/s/ Nicole Giles
		Nicole Giles
		Controller and Chief Accounting Officer
		(Principal Accounting Officer)

Exhibit 99.1

For Immediate Release Citigroup Inc. (NYSE: C) APRIL 14, 2026
FIRST QUARTER 2026 RESULTS AND KEY METRICS	CHAIR AND CEO COMMENTARY
FIRST QUARTER 2026 RESULTS AND KEY METRICS		Citi Chair and CEO Jane Fraser said, “We’re off to an exceptionally strong start in 2026, with revenue up 14% and net income growing 42%. Services had an outstanding quarter with revenue up 17% and Markets crossed $7 billion in revenue. Banking continued to build momentum with fees up 12% amid a record first quarter in M&A. Wealth saw revenue grow 11% and continued to improve its returns and U.S. Consumer Cards saw 4% revenue growth and returns of nearly 20%. Our diversified business model continues to drive consistent revenue growth and we remain a source of financial strength and trust for our clients during uncertain times. “We’ve entered into the final phase of our divestitures and 90% of our Transformation programs are now at or near our target state. We demonstrated our commitment to returning capital by repurchasing $6.3 billion shares during the quarter. “We remain very much on track to deliver the 10-11% RoTCE target this year. I’m excited for next month’s Investor Day where we’ll discuss our path forward and how we will realize the significant upside Citi offers,” Ms. Fraser concluded.
RETURNED ~$7.4 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS PAYOUT RATIO OF 134%⁽³⁾ COMMON EQUITY TIER 1 CAPITAL RATIO OF 12.7%⁽⁴⁾ BOOK VALUE PER SHARE OF $112.22 TANGIBLE BOOK VALUE PER SHARE OF $99.01⁽⁵⁾ New York, April 14, 2026 – Citigroup Inc. today reported net income for the first quarter 2026 of $5.8 billion, or $3.06 per diluted share, on revenues of $24.6 billion. This compares to net income of $4.1 billion, or $1.96 per diluted share, on revenues of $21.6 billion for the first quarter 2025. Revenues increased 14%⁽⁶⁾ from the prior-year period, driven by growth in each of Citi’s five interconnected businesses⁽⁷⁾ 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 $4.1 billion in the prior-year period, driven by higher revenues and a lower effective tax rate, partially offset by higher expenses and a higher provision for credit losses. Earnings per share of $3.06 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 first quarter 2026 versus the first quarter 2025, unless otherwise specified.

First Quarter Financial Results


Citigroup ($ in millions, except per share amounts and as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Total revenues, net of interest expense		24,633			19,871			21,596		24%	14%

Total operating expenses		14,311			13,840			13,425		3%	7%

Net credit losses		2,208			2,190			2,459		1%	(10)%
Net ACL build / (release)^(a)		581			23			210		NM	177%
Other provisions^(b)		16			7			54		129%	(70)%
Total provision for credit losses		2,805			2,220			2,723		26%	3%

Income (loss) from continuing operations before taxes		7,517			3,811			5,448		97%	38%
Provision for income taxes		1,578			1,288			1,340		23%	18%
Income (loss) from continuing operations		5,939			2,523			4,108		135%	45%
Income (loss) from discontinued operations, net of taxes		(1)			(1)			(1)		-	-
Net income attributable to non-controlling interest		153			51			43		200%	256%
Citigroup’s net income (loss)		$	5,785		$	2,471		$	4,064	134%	42%


EOP loans ($B)		762			752			702		1%	8%
Average loans ($B)		755			737			691		3%	9%
EOP assets ($B)		2,778			2,657			2,572		5%	8%
EOP deposits ($B)		1,446			1,404			1,316		3%	10%
Average deposits ($B)		1,446			1,422			1,305		2%	11%


Book value per share		$	112.22		$	110.01		$	103.90	2%	8%
Tangible book value per share^(c)		$	99.01		$	97.06		$	91.52	2%	8%
Common Equity Tier 1 (CET1) Capital ratio^(d)		12.7%			13.2%			13.4%
Supplementary Leverage ratio (SLR)^(d)		5.2%			5.5%			5.8%
Return on average common equity (ROE)^(e)		11.5%			4.5%			8.0%
Return on average tangible common equity (RoTCE)^(f)		13.1%			5.1%			9.1%		800 bps	400 bps
Efficiency Ratio (total operating expenses/total revenues, net)		58.1%			69.6%			62.2%		(1,150) bps	(410) 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) Ratios as of March 31, 2026 are preliminary. For additional information, please refer to footnote 4.

(e) Ratios as of March 31, 2026 are preliminary. For additional information, please refer to footnote 1.

(f) Ratios as of March 31, 2026 are preliminary. RoTCE is a non-GAAP financial measure. For additional information, please refer to foonote 2.

Citigroup

Citigroup revenues of $24.6 billion in the first quarter 2026 increased 14%, driven by growth in each of Citi’s five interconnected businesses⁽⁷⁾ and Legacy Franchises, as well as the impact of foreign exchange translation, partially offset by a decline in Corporate/Other. Net interest income increased 12%, 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 17%, driven by growth across each of Citi’s five businesses and All Other.

Citigroup operating expenses of $14.3 billion were up 7%⁽⁶⁾, driven by higher compensation and benefits expenses, including higher severance, the impact of foreign exchange translation, and higher volume and other revenue-related expenses, partially offset by productivity savings, lower legal expenses, stranded cost reductions and lower transformation expenses in Corporate/Other.

Citigroup provision for credit losses was $2.8 billion, reflecting $2.2 billion of net credit losses and a net allowance for credit losses (ACL) build of $597 million, driven by portfolio quality, including seasonal mix changes, as well as increased uncertainty in the macroeconomic outlook, partially offset by refinements to loss assumptions and lower net lending activity. Net credit losses were down 10% from the prior-year period, driven by decreases in USCC and Markets, partially offset by an increase in Legacy Franchises. The provision in the prior-year period was $2.7 billion, reflecting $2.5 billion of net credit losses and a net ACL build of $264 million, driven by increased uncertainty in the macroeconomic outlook and portfolio quality, largely offset by lower net lending activity.

Citigroup net income was $5.8 billion in the first quarter 2026, compared to net income of $4.1 billion in the prior-year period, driven by higher revenues and a lower effective tax rate, partially offset by higher expenses and a higher provision for credit losses. Citigroup’s effective tax rate was approximately 21% in the current quarter compared to 25% in the first quarter 2025, largely driven by a discrete item in the current quarter.

Citigroup’s total allowance for credit losses was $22.0 billion at quarter end, compared to $22.8 billion at the end of the prior-year period. Total ACL on loans was $19.6 billion at quarter end, compared to $18.7 billion at the end of the prior-year period, with a reserve-to-funded loans ratio of 2.6%, down from 2.7% in the prior-year period. Total non-accrual loans increased $0.7 billion, or 25% from the prior-year period to $3.4 billion. Corporate non-accrual loans increased $0.6 billion, or 42% from the prior-year period to $2.0 billion, driven by idiosyncratic downgrades in Banking and Services, partially offset by upgrades and repayments in Markets. Consumer non-accrual loans increased $0.1 billion, or 6% from the prior-year period to $1.4 billion.

Citigroup’s end-of-period loans were $762 billion at quarter end, up 8% versus the prior-year period, primarily driven by higher loans in Markets and Wealth. Citigroup’s average loans were $755 billion in the first quarter 2026, up 9% versus the prior-year period, primarily driven by higher average loans in Markets, Services and Wealth.

Citigroup’s end-of-period deposits were approximately $1.4 trillion at quarter end, up 10% versus the prior-year period, driven by increases in Services. Citigroup’s average deposits were approximately $1.4 trillion in the first quarter 2026, up 11% versus the prior-year period, driven by higher average deposits in Services.

Citigroup’s book value per share of $112.22 at quarter end increased 8% versus the prior-year period, and tangible book value per share of $99.01 at quarter end also increased 8% 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 12.7% versus 13.2% at the end of the prior quarter, primarily driven by common share repurchases, the payment of common and preferred dividends and higher risk-weighted assets, primarily offset by net income and the impact of Citi’s sale of AO Citibank in Russia, mainly in currency translation adjustment in AOCI. Citigroup’s Supplementary Leverage ratio⁽⁴⁾ for the first quarter 2026 was 5.2% versus 5.5% at the end of the prior quarter. During the quarter, Citigroup returned approximately $7.4 billion to common shareholders in the form of share repurchases and dividends.


Services ($ in millions, except as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Net interest income			3,424			3,303			2,865	4%	20%
Non-interest revenue			1,192			1,182			1,064	1%	12%
Treasury and Trade Solutions			4,616			4,485			3,929	3%	17%
Net interest income			719			747			633	(4)%	14%
Non-interest revenue			768			1,040			642	(26)%	20%
Securities Services			1,487			1,787			1,275	(17)%	17%
Total Services revenues			6,103			6,272			5,204	(3)%	17%

Total operating expenses			2,935			2,843			2,584	3%	14%

Net credit losses			3			19			6	(84)%	(50)%
Net ACL build / (release)^(a)			86			(15)			18	NM	378%
Other provisions^(b)			5			(15)			27	NM	(81)%
Total provision for credit losses			94			(11)			51	NM	84%

Net income		$	2,228		$	2,496		$	1,834	(11)%	21%


Services Key Statistics and Metrics ($B)
Allocated Average TCE^(c)			34			33			33	2%	2%
RoTCE^(c)			27.0%			30.0%			22.5%	(300) bps	450 bps
Fee revenue ($MM)			1,672			1,630			1,473	3%	14%
Average loans			99			96			87	3%	14%
Average deposits			961			935			826	3%	16%
Cross border transaction value^(d)			106			115			95	(8)%	12%
US dollar clearing volume (#MM)^(e)			44			45			43	(3)%	3%
Commercial card spend volume^(f)			19			18			17	5%	8%
Assets under custody and/or administration (AUC/AUA) ($T)^(g)			32			31			26	1%	21%

(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) 1Q26 is preliminary.

Services⁽⁷⁾

Services revenues of $6.1 billion were up 17%, driven by growth in Treasury and Trade Solutions and Securities Services. Net interest income increased 18%, driven by an increase in average deposit balances and deposit spreads. Non-interest revenue increased 15%⁽⁶⁾, primarily driven by fee revenue growth of 14%.

Treasury and Trade Solutions revenues of $4.6 billion were up 17%, driven by a 20% increase in net interest income and a 12% 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 largely driven by growth in fees and underlying fee drivers, including an increase in cross-border transaction value of 12%, an increase in U.S. dollar clearing volume of 3% and an increase in commercial card spend volume of 8%.

Securities Services revenues of $1.5 billion were up 17%, driven by a 20%⁽⁶⁾ increase in non-interest revenue and a 14% increase in net interest income. The increase in non-interest revenue was primarily driven by higher fees, which benefited from a 21% increase in assets under custody and administration. The increase in net interest income was largely driven by higher average deposit balances and deposit spreads.

Services operating expenses of $2.9 billion increased 14%, primarily driven by higher volume and other revenue-related expenses, higher compensation and benefits and higher technology costs.

Services provision for credit losses was $94 million, reflecting a net ACL build of $91 million, driven by increased uncertainty in the macroeconomic outlook and changes in credit quality on certain exposures, partially offset by refinements to loss assumptions, and $3 million of net credit losses. The provision in the prior-year period was $51 million, reflecting a net ACL build of $45 million, driven by increased uncertainty in the macroeconomic outlook and transfer risk, and $6 million of net credit losses.

Services net income of $2.2 billion increased 21%, driven by higher revenues, partially offset by higher expenses and a higher provision for credit losses.


Markets ($ in millions, except as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Rates and currencies			3,311			2,449			3,116	35%	6%
Spread products / other fixed income			1,855			1,105			1,462	68%	27%
Fixed Income markets			5,166			3,554			4,578	45%	13%
Equity markets			2,080			1,055			1,497	97%	39%
Total Markets revenues			7,246			4,609			6,075	57%	19%

Total operating expenses			3,835			3,608			3,466	6%	11%

Net credit losses			(3)			(12)			142	75%	NM
Net ACL build / (release)^(a)			-			(80)			57	100%	(100)%
Other provisions^(b)			(12)			(12)			2	-	NM
Total provision for credit losses			(15)			(104)			201	86%	NM

Net income		$	2,595		$	838		$	1,849	210%	40%


Markets Key Statistics and Metrics ($B)
Allocated Average TCE^(c)			56			54			54	5%	5%
RoTCE^(c)			18.7%			6.2%			14.0%	1,250 bps	470 bps
Average trading account assets			573			556			474	3%	21%
Average loans			162			152			128	7%	27%
Average VaR ($ in MM)^(d)			127			109			118	17%	8%

(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⁽⁷⁾

Markets revenues of $7.2 billion increased 19%, driven by growth in Fixed Income markets and Equity markets revenues.

Fixed Income markets revenues of $5.2 billion increased 13%, driven by growth in both rates and currencies and spread products and other fixed income. Rates and currencies revenues increased 6%, driven by revenue growth in the foreign exchange business on higher volumes and optimization of the balance sheet, largely offset by lower revenue in rates on elevated volatility. Spread products and other fixed income revenues increased 27%, primarily driven by strong performance in commodities.

Equity markets revenues of $2.1 billion increased 39%, driven by growth in derivatives, prime services and cash equities. Prime balances⁽⁸⁾ grew to a record and were up more than 50%.

Markets operating expenses of $3.8 billion increased 11%, primarily driven by higher performance-related compensation, higher volume-related expenses and higher legal expenses.

Markets provision for credit losses was a benefit of $15 million, reflecting a net ACL release of $12 million, driven by refinements to loss assumptions, primarily offset by increased uncertainty in the macroeconomic outlook, and $3 million of net credit recoveries. The provision in the prior-year period was $201 million, reflecting $142 million of net credit losses in spread products and a net ACL build of $59 million, driven by increased uncertainty in the macroeconomic outlook.

Markets net income of $2.6 billion increased 40%, driven by higher revenues and a lower provision for credit losses, partially offset by higher expenses.


Banking ($ in millions, except as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Investment Banking			1,326			1,356			1,114	(2)%	19%
Corporate Lending^(a)			391			443			402	(12)%	(3)%
Total Banking revenues^(a)			1,717			1,799			1,516	(5)%	13%
Gain / (loss) on loan hedges^(a)			50			(26)			14	NM	257%
Total Banking revenues including gain/(loss) on loan hedges^(a)			1,767			1,773			1,530	-	15%

Total operating expenses			1,240			1,152			1,034	8%	20%
Net credit losses			6			25			34	(76)%	(82)%
Net ACL build / (release)^(b)			124			150			185	(17)%	(33)%
Other provisions^(c)			2			1			(5)	100%	NM
Total provision for credit losses			132			176			214	(25)%	(38)%

Net income		$	304		$	354		$	223	(14)%	36%


Banking Key Statistics and Metrics
Allocated Average TCE^(d) ($B)			8			9			9	(15)%	(15)%
RoTCE^(d)			15.8%			15.3%			9.8%	50 bps	600 bps
Average loans ($B)			83			79			82	5%	1%

Advisory			505			649			424	(22)%	19%
Equity underwriting			208			180			127	16%	64%
Debt underwriting			519			458			553	13%	(6)%
Investment Banking fees			1,232			1,287			1,104	(4)%	12%

(a) Excludes gain / (loss) on credit derivatives as well as the mark-to-market on loans at fair value. For additional information, see Footnote 9.

(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.

Banking⁽⁷⁾

Banking revenues of $1.8 billion increased 15%, driven by growth in Investment Banking.

Investment Banking revenues of $1.3 billion increased 19%, driven by increases in Investment Banking fees of 12% and net interest income. The increase in Investment Banking fees reflects growth in Advisory and Equity Capital Markets (ECM), partially offset by a decline in Debt Capital Markets (DCM). Advisory fees increased 19%, reflecting continued growth in sell-side fees and strong performance with sponsors. ECM fees increased 64%, driven by growth in follow-ons and convertibles. DCM fees decreased 6%, driven by lower non-investment grade activity.

Corporate Lending revenues of $391 million, excluding mark-to-market on loan hedges⁽⁹⁾, decreased 3%, driven by marks on certain assets, primarily offset by higher loan spreads.

Banking operating expenses of $1.2 billion increased 20%, primarily driven by higher compensation and benefits, including performance-based compensation and investments in the business, and higher volume and other revenue-related expenses.

Banking provision for credit losses was $132 million, reflecting a net ACL build of $126 million, driven by increased uncertainty in the macroeconomic outlook and exposure growth, largely offset by refinements to loss assumptions, and $6 million of net credit losses. The provision in the prior-year period was $214 million, reflecting a net ACL build of $180 million, driven by increased uncertainty in the macroeconomic outlook, and $34 million of net credit losses.

Banking net income of $304 million increased 36%, driven by higher revenues and a lower provision for credit losses, largely offset by higher expenses.


Wealth ($ in millions, except as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Citigold and Retail Banking			2,062			2,010			1,825	3%	13%
Private Bank			757			625			664	21%	14%
Wealth at Work			246			227			268	8%	(8)%
Total revenues, net of interest expense			3,065			2,862			2,757	7%	11%

Total operating expenses			2,415			2,377			2,390	2%	1%

Net credit losses			88			80			67	10%	31%
Net ACL build / (release)^(a)			13			7			63	86%	(79)%
Other provisions^(b)			-			-			(4)	-	100%
Total provision for credit losses			101			87			126	16%	(20)%

Net income		$	432		$	299		$	191	44%	126%


Wealth Key Statistics and Metrics ($B)
Allocated Average TCE^(c)			16			15			15	5%	5%
RoTCE^(c)			10.8%			7.7%			5.0%	310 bps	580 bps

Loans			205			204			196	-	5%
Deposits			418			413			401	1%	4%
Client investment assets^(d)			676			670			595	1%	14%
EOP client balances			1,299			1,287			1,192	1%	9%
Net New Investment Assets (NNIA)^(e)			15			7			17	104%	(11)%

(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) 1Q26 Client investment assets are preliminary. Includes assets under management, trust and custody assets. Starting in 1Q’26, Client investment assets includes an additional $10B associated with the value of client insurance policies that were not previously reported.

(e) 1Q26 Net new investment assets are preliminary. Represents investment asset inflows, including dividends, interest and distributions, less investment asset outflows.

Wealth⁽⁷⁾

Wealth revenues of $3.1 billion increased 11%, driven by growth in Citigold and Retail Banking and the Private Bank, partially offset by lower revenues in Wealth at Work. Net interest income of $2.1 billion increased 14%, driven by higher deposit spreads and average deposit balances, partially offset by lower mortgage spreads. Non-interest revenue of $970 million increased 5%, driven by higher investment fee revenues, with client investment assets up 14%, partially offset by the loss of fee revenue from the 2025 sale of the trust business.

Citigold and Retail Banking revenues of $2.1 billion increased 13%, driven by higher deposit spreads and higher investment fee revenues.

Private Bank revenues of $757 million increased 14%, driven by higher deposit spreads and average deposit balances and higher investment fee revenues, largely offset by lower mortgage spreads and the loss of fee revenue from the 2025 sale of the trust business.

Wealth at Work revenues of $246 million decreased 8%, driven by lower mortgage spreads, largely offset by higher deposit spreads and average deposit balances.

Wealth operating expenses of $2.4 billion increased 1%, driven by investments in technology and higher volume-related expenses, partially offset by lower compensation and benefits, including the impact from the 2025 sale of the trust business.

Wealth provision for credit losses was $101 million, reflecting $88 million of net credit losses, primarily driven by overdraft losses and international credit cards, and a net ACL build of $13 million. The provision in the prior-year period was $126 million, reflecting $67 million of net credit losses and a net ACL build of $59 million, driven by increased uncertainty in the macroeconomic outlook.

Wealth net income of $432 million increased 126%, driven by higher revenues and a lower provision for credit losses, partially offset by higher expenses.


USCC ($ in millions, except as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Net interest income			5,116			5,143			4,984	(1)%	3%
Non-interest revenue			(359)			(579)			(417)	38%	14%
Total revenues, net of interest expense			4,757			4,564			4,567	4%	4%

Total operating expenses			1,711			1,794			1,691	(5)%	1%

Net credit losses			1,742			1,739			1,954	-	(11)%
Net ACL build / (release)^(a)			348			(117)			(174)	NM	NM
Other provisions^(b)			2			2			3	-	(33)%
Total provision for credit losses			2,092			1,624			1,783	29%	17%

Net income		$	732		$	884		$	838	(17)%	(13)%


USCC Key Statistics and Metrics ($B)
Allocated average TCE^(c)			16			20			20	(24)%	(24)%
RoTCE^(c)			19.2%			17.3%			16.7%	190 bps	250 bps
Average loans			171			172			168	(1)%	2%
U.S. credit card spend volume			152			166			144	(9)%	5%
New credit cards account acquisitions (in thousands)^(d)			2,942			3,687			2,840	(20)%	4%

(a) Includes credit reserve build / (release) for loans.

(b) Includes provisions on policyholder benefits and claims and Other Assets.

(d) New Credit Cards account acquisitions represent the number of new credit card accounts opened.

U.S. Consumer Cards (USCC)⁽⁷⁾

USCC revenues of $4.8 billion increased 4%, driven by growth in net interest income and non-interest revenue. Net interest income increased 3%, driven by higher interest-earning balances and higher loan spreads. Non-interest revenue increased 14%, driven by higher interchange fees, lower partner payment accruals and higher annual credit card fees, largely offset by higher rewards and acquisition costs.

USCC operating expenses of $1.7 billion increased 1%, driven by higher volume and other revenue-related expenses and higher compensation and benefits, primarily offset by lower legal expenses.

USCC provision for credit losses was $2.1 billion, reflecting $1.7 billion of net credit losses and a net ACL build of $350 million, driven by seasonal portfolio mix changes, the forward purchase commitment of the Barclays American Airlines co-branded card portfolio, as well as increased uncertainty in the macroeconomic outlook. This was largely offset by lower seasonal volumes and refinements to loss assumptions. Net credit losses were down 11% from the prior-year period, driven by improved credit performance in both general purpose and private label credit cards. The provision in the prior-year period was $1.8 billion, reflecting $2.0 billion of net credit losses and a net ACL release of $171 million, driven by lower net lending activity, largely offset by portfolio quality and increased uncertainty in the macroeconomic outlook.

USCC net income of $732 million decreased 13%, driven by a higher provision for credit losses and higher expenses, largely offset by higher revenues.


All Other (Managed Basis)^(a)(b) ($ in millions, except as otherwise noted)		1Q’26			4Q’25			1Q’25		QoQ%	YoY%
Legacy Franchises (managed basis)			2,161			329			1,621	NM	33%
Corporate / Other			(479)			(537)			(158)	11%	(203)%
Total revenues			1,682			(208)			1,463	NM	15%

Total operating expenses			2,144			2,026			2,226	6%	(4)%

Net credit losses			371			341			256	9%	45%
Net ACL build / (release)^(c)			10			77			72	(87)%	(86)%
Other provisions^(d)			19			31			31	(39)%	(39)%
Total provision for credit losses			400			449			359	(11)%	11%

Net (loss)		$	(494)		$	(2,290)		$	(856)	78%	42%


All Other Key Statistics and Metrics ($B)
Allocated Average TCE^(e)			40			39			38	2%	5%

(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 10.

(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)^(7)(10)

All Other (managed basis) revenues of $1.7 billion increased 15%, driven by growth in Legacy Franchises, largely offset by a decline in Corporate/Other.

Legacy Franchises (managed basis)⁽¹⁰⁾revenues of $2.2 billion increased 33%, driven by growth in Mexico, including the impact of foreign exchange translation, and a gain on the sale of an investment, partially offset by lower revenues in closed exit and wind-down markets.

Corporate/Other revenues of $(479) million decreased from $(158) million in the prior-year period, driven by lower net interest income due to a lower benefit from cash and securities reinvestment, due to actions taken over the last few quarters to reduce Citi’s asset sensitivity in a declining interest rate environment, partially offset by higher non-interest revenues.

All Other (managed basis) expenses of $2.1 billion decreased 4%, driven by lower legal expenses, lower transformation expenses, lower expenses related to closed exits and wind-downs and lower professional services expenses, primarily offset by higher severance and the impact of foreign exchange translation.

All Other (managed basis) provision for credit losses was $400 million, reflecting $371 million of net credit losses and a net ACL build of $29 million. Net credit losses were up 45% from the prior-year period, driven by higher consumer volume and portfolio seasoning in Mexico Consumer. The provision in the prior-year period was $359 million, reflecting $256 million of net credit losses and a net ACL build of $103 million, primarily driven by increased uncertainty in the macroeconomic outlook and higher volume in Mexico Consumer.

All Other (managed basis) net loss was $(494) million, compared to $(856) million in the prior-year period, driven by higher revenues and lower expenses, partially offset by a higher provision for credit losses.

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://www.veracast.com/webcasts/citigroup/webinars/CITI1Q26.cfm

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 First 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: (i) macroeconomic, geopolitical and other challenges and uncertainties, including impacts related to the conflict in the Middle East and resulting disruptions to energy and other commodities markets and supply chains; elevated inflation, slowing economic growth and increases in unemployment rates; changes in U.S. laws or policies, including those related to interest rates; (ii) the execution and efficacy of Citi’s priorities regarding its simplification, transformation and enhanced business performance, including those related to revenues, net interest income, expenses, capital-related, credit and return expectations; and (iii) the precautionary statements included in this 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 (jennifer.am.landis@citi.com)

Press: Danielle Romero-Apsilos (danielle.romeroapsilos@citi.com)

⁽¹⁾Ratios as of March 31, 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 March 31, 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 March 31, 2026 (the 1Q26 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 April 14, 2026.

As used herein, 2026 RoTCE is a forward-looking non-GAAP financial measure. From time to time, management may discuss forward-looking non-GAAP financial measures, such as forward-looking estimates or targets for revenue, expenses and RoTCE. Citi is unable to provide a reconciliation of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures because Citi is unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. Such unavailable information could be significant for future results.

⁽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 March 31, 2026 are preliminary. For the composition of Citigroup’s CET1 Capital and ratio and Citigroup’s Supplementary Leverage ratio, refer to the 1Q26 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 1Q26 Financial Supplement.

⁽⁶⁾Citi’s first quarter 2026 and 2025 results did not include any notable items. Accordingly, Citi is not adjusting its results for these periods.

⁽⁷⁾As previously noted in Citi’s Form 8-K furnished with the U.S. Securities and Exchange Commission on April 3, 2026, the following reporting changes were implemented in the first quarter 2026:

●

Citi transferred its Retail Banking business from U.S. Personal Banking (USPB) to Wealth and integrated the remaining USPB businesses into a new U.S. Consumer Cards segment. As a result, the financial results, balance sheet, and tangible common equity (TCE) of the Retail Banking business are reported within the Wealth segment.

●

Citi updated its TCE methodology across the Services, Markets, and Banking segments to better align capital usage with the shared economic benefits of corporate lending to clients across these segments. This update eliminated the corporate lending revenue sharing arrangement among the segments.

●

Certain interest rate risk management activities within Markets were reclassified to Corporate/Other or reallocated among businesses within Markets. These changes impacted the results of the Markets segment and Corporate/Other.

Prior period results and TCE allocations for the segments referenced above were recast to reflect these reporting changes, while Citi’s consolidated results and TCE remained unchanged.

⁽⁸⁾Prime balances are defined as clients’ billable balances where Citigroup provides cash or synthetic prime brokerage services.

⁽⁹⁾ 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 1Q26 Financial Supplement.

⁽¹⁰⁾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 1Q26 Financial Supplement.

Exhibit 99.2

CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT			1Q26


			Page				Note:
	Citigroup
	Financial Summary		1				See Citi’s 4Q25 Historical Financial Supplement furnished on Form 8-K (filed on April 3, 2026) for a description of and additional historical periods reflecting Citi’s first quarter of 2026 reporting changes. Prior period results and TCE allocations in this First Quarter 2026 Quarterly Financial Data Supplement for the impacted segments were recast to reflect these reporting changes, while Citi’s consolidated results and TCE remained unchanged.
	Consolidated Statement of Income		2
	Consolidated Balance Sheet		3
	Segment Net Revenues and Income (Loss)		4

	Services		5
	Markets		6
	Banking		7
	Wealth		8
	U.S. Consumer Cards (USCC)		9
	Metrics		10
	All Other		11
	Legacy Franchises		12
	Corporate/Other		13
	Divestiture-Related Impacts—Reconciling Items		14

	Citigroup Supplemental Detail
	Average Balances and Interest Rates		15
	EOP (End-of-Period) Loans		16
	EOP Deposits		17
	Allowance for Credit Losses (ACL) Rollforward		18
	Allowance for Credit Losses on Loans (ACLL) and Unfunded Lending Commitments (ACLUC)		19 - 20
	Non-Accrual Assets		21
	Common Equity Tier 1 (CET1) Capital and Supplementary Leverage Ratios		22
	Tangible Common Equity (TCE), Common Equity, Book Value per Share, Tangible Book Value Per Share (TBVPS) and Returns on Common Equity (RoCE) and Tangible Common Equity (RoTCE)		23

	Reconciliations of Adjusted Results and FX Impact
	FX Impact		24
	Total Citigroup Revenues, Net Interest Income (NII) and Non-Interest Revenues (NIR), and Total Citigroup Operating Expenses		25
	Notable Items Adjustments and All Other (Managed Basis)		26
	All Other (Managed Basis), and Legacy Franchises (Managed Basis)		27
	Services and Banking—Corporate Lending Revenues		28
	Total Citigroup Revenues, Total Operating Expenses, RoCE and RoTCE		29
	Legacy Franchises Exits Contribution		30

CITIGROUP FINANCIAL SUMMARY

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


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Revenues, net of interest expense	$	21,596	$	21,668	$	22,090	$	19,871	$	24,633		24%		14%
Operating expenses		13,425		13,577		14,290		13,840		14,311		3%		7%
Net credit losses (NCLs)		2,459		2,234		2,214		2,190		2,208		1%		(10%)
Credit reserve build (release) for loans		102		243		45		10		397		NM		289%
Provision / (release) for unfunded lending commitments		108		(19)		100		13		184		NM		70%
Provisions for benefits and claims, other assets and HTM debt securities		54		414		91		7		16		129%		(70%)
Provisions for credit losses and for benefits and claims		2,723		2,872		2,450		2,220		2,805		26%		3%
Income (loss) from continuing operations before income taxes		5,448		5,219		5,350		3,811		7,517		97%		38%
Income taxes (benefits)		1,340		1,186		1,559		1,288		1,578		23%		18%
Income (loss) from continuing operations		4,108		4,033		3,791		2,523		5,939		135%		45%
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		(1)		(1)		-		-
Net income (loss) before noncontrolling interests		4,107		4,033		3,790		2,522		5,938		135%		45%
Net income (loss) attributable to noncontrolling interests		43		14		38		51		153		200%		256%
Citigroup’s net income (loss)	$	4,064	$	4,019	$	3,752	$	2,471	$	5,785		134%		42%

Diluted earnings per share:
Income (loss) from continuing operations	$	1.96	$	1.96	$	1.86	$	1.19	$	3.06		157%		56%
Net income (loss)	$	1.96	$	1.96	$	1.86	$	1.19	$	3.06		157%		56%

Preferred dividends	$	269	$	287	$	274	$	284	$	305		7%		13%

Income allocated to unrestricted common shareholders—basic
Income (loss) from continuing operations (for EPS purposes)		3,752		3,683		3,439		2,150		5,426		152%		45%
Net income (loss) (for EPS purposes)		3,751		3,683		3,438		2,149		5,425		152%		45%

Income allocated to unrestricted common shareholders—diluted
Income (loss) from continuing operations (for EPS purposes)		3,769		3,702		3,459		2,170		5,443		151%		44%
Net income (loss) (for EPS purposes)		3,768		3,702		3,458		2,169		5,442		151%		44%

Shares(in millions):
Average basic		1,879.0		1,855.9		1,820.3		1,772.8		1,736.9		(2%)		(8%)
Average diluted		1,919.6		1,893.1		1,862.6		1,816.9		1,776.0		(2%)		(7%)
Common shares outstanding, at period end		1,867.7		1,840.9		1,789.3		1,747.5		1,705.6		(2%)		(9%)

Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio⁽¹⁾⁽²⁾		13.41%		13.48%		13.27%		13.18%		12.7%
Tier 1 Capital ratio⁽¹⁾⁽³⁾		15.10%		14.98%		14.97%		13.65%		14.5%
Total Capital ratio⁽¹⁾⁽⁴⁾		15.41%		15.28%		15.31%		15.66%		15.4%
Supplementary Leverage ratio (SLR)⁽¹⁾⁽⁵⁾		5.79%		5.53%		5.52%		5.48%		5.2%
Return on average assets		0.65%		0.61%		0.55%		0.36%		0.83%		47 bps		18 bps
Return on average common equity(RoCE)		8.0%		7.7%		7.1%		4.5%		11.5%		700 bps		350 bps
Average tangible common equity (TCE) (in billions of dollars)⁽⁶⁾	$	169.3	$	172.1	$	172.3	$	170.4	$	169.2		(1%)		-
Return on tangible common equity(RoTCE)⁽⁶⁾		9.1%		8.7%		8.0%		5.1%		13.1%		800 bps		400 bps
Operating leverage⁽⁷⁾		759 bps		567 bps		59 bps		(381) bps		746 bps		1,127 bps		(13) bps
Efficiency ratio (total operating expenses/total revenues, net)		62.2%		62.7%		64.7%		69.6%		58.1%		(1,150) bps		(410) bps

Balance sheet data(in billions of dollars, except per share amounts)⁽¹⁾:
Total assets	$	2,571.5	$	2,622.8	$	2,642.5	$	2,657.2	$	2,777.7		5%		8%
Total average assets		2,517.1		2,647.8		2,688.8		2,722.5		2,816.8		3%		12%
Total loans		702.1		725.3		733.9		752.2		761.6		1%		8%
Total deposits		1,316.4		1,357.7		1,383.9		1,403.6		1,446.2		3%		10%
Citigroup’s stockholders’ equity		212.4		213.2		213.0		212.3		211.0		(1%)		(1%)
Book value per share		103.90		106.94		108.41		110.01		112.22		2%		8%
Tangible book value per share⁽⁶⁾		91.52		94.16		95.72		97.06		99.01		2%		8%

Direct staff (in thousands)		229		230		227		226		224		(1%)		(2%)

(1)	March 31, 2026 is preliminary.

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

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

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

(5)	For the composition of Citi’s SLR, see page 22.

(6)	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.

(7)	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)


																	1Q26 Increase/
		1Q			2Q			3Q			4Q			1Q			(Decrease) from
		2025			2025			2025			2025			2026				4Q25		1Q25
Revenues
Interest income (including dividends)		$	33,666		$	35,859		$	36,690		$	36,649		$	35,513			(3%)		5%
Interest expense			19,654			20,684			21,750			20,984			19,772			(6%)		1%
Net interest income (NII)			14,012			15,175			14,940			15,665			15,741			-		12%

Commissions and fees			2,707			2,745			2,888			2,829			3,272			16%		21%
Principal transactions			3,510			2,503			2,772			1,450			4,008			176%		14%
Administration and other fiduciary fees			1,045			1,123			1,117			1,129			1,123			(1%)		7%
Realized gains (losses) on sales of investments, net			121			138			105			107			270			152%		123%
Net impairment losses on investments recognized in earnings			(58)			(35)			(25)			(234)			(140)			40%		(141%)
Other revenue (loss)			259			19			293			(1,075)			359			NM		39%
Total non-interest revenues (NIR)			7,584			6,493			7,150			4,206			8,892			111%		17%
Total revenues, net of interest expense			21,596			21,668			22,090			19,871			24,633			24%		14%

Provisions for credit losses and for benefits and claims
Net credit losses on loans			2,459			2,234			2,214			2,190			2,208			1%		(10%)
Credit reserve build / (release) for loans			102			243			45			10			397			NM		289%
Provision for credit losses on loans			2,561			2,477			2,259			2,200			2,605			18%		2%
Provision for credit losses on held-to-maturity (HTM) debt securities			(5)			7			(5)			15			(30)			NM		(500%)
Provision for credit losses on other assets			39			381			79			(32)			33			NM		(15%)
Policyholder benefits and claims			20			26			17			24			13			(46%)		(35%)
Provision for credit losses on unfunded lending commitments			108			(19)			100			13			184			NM		70%
Total provisions for credit losses and for benefits and claims			2,723			2,872			2,450			2,220			2,805			26%		3%

Operating expenses
Compensation and benefits			7,464			7,633			7,474			7,068			8,382			19%		12%
Technology / communication			2,379			2,290			2,325			2,429			2,335			(4%)		(2%)
Transactional and product servicing			1,102			1,184			1,110			1,179			1,225			4%		11%
Premises and equipment			574			615			607			681			586			(14%)		2%
Professional services			476			510			514			573			441			(23%)		(7%)
Advertising and marketing			250			269			260			318			233			(27%)		(7%)
Restructuring			(3)			(2)			(5)			(4)			-			100%		100%
Other operating			1,183			1,078			2,005			1,596			1,109			(31%)		(6%)
Total operating expenses			13,425			13,577			14,290			13,840			14,311			3%		7%

Income (loss) from continuing operations before income taxes			5,448			5,219			5,350			3,811			7,517			97%		38%
Provision (benefit) for income taxes			1,340			1,186			1,559			1,288			1,578			23%		18%

Income (loss) from continuing operations			4,108			4,033			3,791			2,523			5,939			135%		45%
Discontinued operations
Income (loss) from discontinued operations			(1)			-			(1)			(1)			(1)			-		-
Provision (benefit) for income taxes			-			-			-			-			-			-		-
Income (loss) from discontinued operations, net of taxes			(1)			-			(1)			(1)			(1)			-		-

Net income (loss) before attribution to noncontrolling interests			4,107			4,033			3,790			2,522			5,938			135%		45%
Noncontrolling interests			43			14			38			51			153			200%		256%

Citigroup’s net income (loss)		$	4,064		$	4,019		$	3,752		$	2,471		$	5,785			134%		42%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																	1Q26 Increase/
		March 31,			June 30,			September 30,			December 31,			March 31,			(Decrease) from
		2025			2025			2025			2025			2026⁽¹⁾				4Q25		1Q25
Assets
Cash and due from banks (including segregated cash and other deposits)		$	24,463		$	24,991		$	23,545		$	23,717		$	23,625			-		(3%)
Deposits with banks, net of allowance			283,868			312,482			324,515			325,862			362,097			11%		28%
Securities borrowed and purchased under agreements to resell, net of allowance			390,215			323,892			321,347			356,195			353,094			(1%)		(10%)
Brokerage receivables, net of allowance			57,440			64,029			75,992			62,679			91,720			46%		60%
Trading account assets			518,577			568,558			562,254			537,139			593,473			10%		14%
Investments
Available-for-sale debt securities			225,180			235,802			246,227			246,720			257,822			4%		14%
Held-to-maturity debt securities, net of allowance			220,385			206,094			197,092			189,831			178,503			(6%)		(19%)
Equity securities			7,323			7,504			7,413			7,678			7,839			2%		7%
Total investments			452,888			449,400			450,732			444,229			444,164			-		(2%)
Loans
Consumer⁽²⁾			386,312			395,759			398,628			408,533			402,391			(2%)		4%
Corporate⁽³⁾			315,744			329,586			335,277			343,697			359,225			5%		14%
Loans, net of unearned income			702,056			725,345			733,905			752,230			761,616			1%		8%
Allowance for credit losses on loans (ACLL)			(18,726)			(19,123)			(19,206)			(19,247)			(19,636)			(2%)		(5%)
Total loans, net			683,330			706,222			714,699			732,983			741,980			1%		9%
Goodwill			19,422			19,878			19,126			19,098			18,997			(1%)		(2%)
Intangible assets (including MSRs)			4,430			4,409			4,330			4,284			4,305			-		(3%)
Premises and equipment, net of depreciation and amortization			30,814			32,312			32,819			33,339			33,574			1%		9%
Other assets, net of allowance			106,067			116,599			113,116			117,677			110,658			(6%)		4%
Total assets		$	2,571,514		$	2,622,772		$	2,642,475		$	2,657,202		$	2,777,687			5%		8%

Liabilities
Non-interest-bearing deposits in U.S. offices		$	122,472		$	119,898		$	116,921		$	121,610		$	122,083			-		-
Interest-bearing deposits in U.S. offices			562,628			575,709			592,728			613,052			634,812			4%		13%
Total U.S. deposits			685,100			695,607			709,649			734,662			756,895			3%		10%
Non-interest-bearing deposits in offices outside the U.S.			82,215			86,458			83,920			87,041			86,004			(1%)		5%
Interest-bearing deposits in offices outside the U.S.			549,095			575,668			590,360			581,870			603,341			4%		10%
Total international deposits			631,310			662,126			674,280			668,911			689,345			3%		9%

Total deposits			1,316,410			1,357,733			1,383,929			1,403,573			1,446,240			3%		10%
Securities loaned and sold under agreements to repurchase			403,959			347,913			349,726			348,098			369,585			6%		(9%)
Brokerage payables			78,302			90,949			89,596			74,836			111,224			49%		42%
Trading account liabilities			148,688			163,952			160,243			162,798			185,266			14%		25%
Short-term borrowings			49,139			55,560			54,760			51,878			72,056			39%		47%
Long-term debt			295,684			317,761			315,846			315,827			307,566			(3%)		4%
Other liabilities, plus allowances⁽⁴⁾			66,074			74,774			74,498			86,370			73,178			(15%)		11%
Total liabilities		$	2,358,256		$	2,408,642		$	2,428,598		$	2,443,380		$	2,565,115			5%		9%

Stockholders’ equity
Preferred stock		$	18,350		$	16,350		$	19,050		$	20,050		$	19,550			(2%)		7%
Common stock			31			31			31			31			31			-		-
Additional paid-in capital			108,616			108,839			109,010			108,452			107,821			(1%)		(1%)
Retained earnings			209,013			211,674			214,034			215,128			219,542			2%		5%
Treasury stock, at cost			(77,880)			(79,886)			(84,932)			(89,473)			(95,370)			(7%)		(22%)
Accumulated other comprehensive income (loss) (AOCI)			(45,722)			(43,786)			(44,170)			(41,897)			(40,615)			3%		11%
Total common equity		$	194,058		$	196,872		$	193,973		$	192,241		$	191,409			-		(1%)

Total Citigroup stockholders’ equity		$	212,408		$	213,222		$	213,023		$	212,291		$	210,959			(1%)		(1%)
Noncontrolling interests			850			908			854			1,531			1,613			5%		90%
Total equity			213,258			214,130			213,877			213,822			212,572			(1%)		-
Total liabilities and equity		$	2,571,514		$	2,622,772		$	2,642,475		$	2,657,202		$	2,777,687			5%		8%

(1)	March 31, 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.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 3

SEGMENT NET REVENUES AND INCOME (LOSS)

(In millions of dollars)

																	1Q26 Increase/
		1Q			2Q			3Q			4Q			1Q			(Decrease) from
		2025			2025			2025			2025			2026				4Q25		1Q25
Revenues, net of interest expense
Services		$	5,204		$	5,430		$	5,730		$	6,272		$	6,103			(3%)		17%
Markets			6,075			5,980			5,745			4,609			7,246			57%		19%
Banking			1,530			1,434			1,647			1,773			1,767			-		15%
Wealth			2,757			2,814			2,839			2,862			3,065			7%		11%
U.S. Consumer Cards (USCC)			4,567			4,471			4,656			4,564			4,757			4%		4%
All Other—managed basis⁽¹⁾⁽²⁾			1,463			1,716			1,471			(208)			1,682			NM		15%
Reconciling Items—divestiture-related impacts⁽³⁾			-			(177)			2			(1)			13			NM		NM
Total net revenues—reported		$	21,596		$	21,668		$	22,090		$	19,871		$	24,633			24%		14%

Income (loss) from continuing operations
Services		$	1,849		$	1,728		$	2,098		$	2,512		$	2,242			(11%)		21%
Markets			1,862			1,824			1,723			856			2,629			207%		41%
Banking			222			91			267			355			304			(14%)		37%
Wealth			191			385			303			299			432			44%		126%
USCC			838			758			929			884			732			(17%)		(13%)
All Other—managed basis⁽¹⁾⁽²⁾			(839)			(573)			(752)			(2,273)			(388)			83%		54%
Reconciling Items—divestiture-related impacts⁽³⁾			(15)			(180)			(777)			(110)			(12)			89%		20%

Income (loss) from continuing operations—reported			4,108			4,033			3,791			2,523			5,939			135%		45%

Discontinued operations			(1)			-			(1)			(1)			(1)			-		-

Net income (loss) attributable to noncontrolling interests			43			14			38			51			153			200%		256%

Net income (loss)		$	4,064		$	4,019		$	3,752		$	2,471		$	5,785			134%		42%

(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)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25


Net interest income (including dividends)	$	3,498	$	3,630	$	3,823	$	4,050	$	4,143		2%		18%
Fee revenue
Commissions and fees		815		904		880		879		909		3%		12%
Administration and other fiduciary fees		658		752		746		751		763		2%		16%
Total fee revenue		1,473		1,656		1,626		1,630		1,672		3%		14%
Principal transactions		233		124		190		257		263		2%		13%
All other		-		20		91		335		25		(93%)		NM
Total non-interest revenue		1,706		1,800		1,907		2,222		1,960		(12%)		15%

Total revenues, net of interest expense		5,204		5,430		5,730		6,272		6,103		(3%)		17%

Total operating expenses		2,584		2,679		2,707		2,843		2,935		3%		14%

Net credit losses (recoveries) on loans		6		20		11		19		3		(84%)		(50%)
Credit reserve build (release) for loans		24		53		(4)		(18)		97		NM		304%
Provision (release) for credit losses on unfunded lending commitments		(6)		(6)		(8)		3		(11)		NM		(83%)
Provisions for credit losses for other assets and HTM debt securities		27		286		62		(15)		5		NM		(81%)
Provision for credit losses		51		353		61		(11)		94		NM		84%
Income from continuing operations before taxes		2,569		2,398		2,962		3,440		3,074		(11%)		20%
Income taxes		720		670		864		928		832		(10%)		16%
Income from continuing operations		1,849		1,728		2,098		2,512		2,242		(11%)		21%
Noncontrolling interests		15		16		17		16		14		(13%)		(7%)
Net income	$	1,834	$	1,712	$	2,081	$	2,496	$	2,228		(11%)		21%
EOP assets (in billions)	$	589	$	618	$	627	$	628	$	649		3%		10%
Average assets (in billions)		578		593		616		630		637		1%		10%
Efficiency ratio		50%		49%		47%		45%		48%		300 bps		(200) bps
Average allocated TCE (in billions)⁽¹⁾	$	33.0	$	33.0	$	33.0	$	33.0	$	33.5		2%		2%
RoTCE⁽¹⁾		22.5%		20.8%		25.0%		30.0%		27.0%		(300) bps		450 bps

Revenue by line of business
Net interest income	$	2,865	$	2,949	$	3,121	$	3,303	$	3,424		4%		20%
Non-interest revenue		1,064		1,063		1,099		1,182		1,192		1%		12%
Treasury and Trade Solutions (TTS)		3,929		4,012		4,220		4,485		4,616		3%		17%
Net interest income		633		681		702		747		719		(4%)		14%
Non-interest revenue		642		737		808		1,040		768		(26%)		20%
Securities Services		1,275		1,418		1,510		1,787		1,487		(17%)		17%
Total Services	$	5,204	$	5,430	$	5,730	$	6,272	$	6,103		(3%)		17%

Revenue by managed geography
North America	$	1,549	$	1,660	$	1,759	$	1,939	$	1,976		2%		28%
International		3,655		3,770		3,971		4,333		4,127		(5%)		13%
Total	$	5,204	$	5,430	$	5,730	$	6,272	$	6,103		(3%)		17%

Key drivers⁽²⁾(in billions of dollars, except as otherwise noted)
Average loans by line of business
TTS	$	86	$	93	$	93	$	95	$	97		2%		13%
Securities Services		1		1		1		1		2		100%		100%
Total	$	87	$	94	$	94	$	96	$	99		3%		14%

ACLL as a % of EOP loans⁽³⁾		0.30%		0.36%		0.35%		0.33%		0.42%		9 bps		12 bps
NCLs as a % of average loans		0.03%		0.09%		0.05%		0.08%		0.01%		(7) bps		(2) bps

Average deposits by line of business
TTS	$	690	$	713	$	744	$	780	$	812		4%		18%
Securities Services		136		144		149		155		149		(4%)		10%
Total	$	826	$	857	$	893	$	935	$	961		3%		16%

AUC/AUA (in trillions of dollars)⁽⁴⁾	$	26.1	$	28.2	$	29.7	$	31.4	$	31.6		1%		21%
Cross-border transaction value⁽⁵⁾	$	95.1	$	101.3	$	104.8	$	115.2	$	106.3		(8%)		12%
U.S. dollar clearing volume (in millions)⁽⁶⁾		42.7		44.3		44.8		45.3		43.9		(3%)		3%
Commercial card spend volume	$	17.2	$	17.9	$	18.4	$	17.7	$	18.6		5%		8%

(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)	March 31, 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)


												1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q			(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25


Net interest income (including dividends)	$	1,924	$	2,824	$	2,178	$	2,761	$	2,797		1%		45%
Fee revenue
Brokerage and fees		400		399		400		364		478		31%		20%
Investment banking fees⁽¹⁾		135		106		163		120		120		-		(11%)
Other⁽²⁾		52		51		63		57		55		(4%)		6%
Total fee revenue		587		556		626		541		653		21%		11%

Principal transactions		3,285		2,302		2,737		1,155		3,542		207%		8%
All other		279		298		204		152		254		67%		(9%)
Total non-interest revenue		4,151		3,156		3,567		1,848		4,449		141%		7%

Total revenues, net of interest expense		6,075		5,980		5,745		4,609		7,246		57%		19%

Total operating expenses		3,466		3,508		3,490		3,608		3,835		6%		11%

Net credit losses (recoveries) on loans		142		8		68		(12)		(3)		75%		NM
Credit reserve build (release) for loans		48		53		(44)		(73)		23		NM		(52%)
Provision (release) for credit losses on unfunded lending commitments		9		(8)		13		(7)		(23)		(229%)		NM
Provisions for credit losses for other assets and HTM debt securities		2		55		(5)		(12)		(12)		-		NM
Provision for credit losses		201		108		32		(104)		(15)		86%		NM
Income (loss) from continuing operations before taxes		2,408		2,364		2,223		1,105		3,426		210%		42%
Income taxes (benefits)		546		540		500		249		797		220%		46%
Income (loss) from continuing operations		1,862		1,824		1,723		856		2,629		207%		41%
Noncontrolling interests		13		21		21		18		34		89%		162%
Net income (loss)	$	1,849	$	1,803	$	1,702	$	838	$	2,595		210%		40%
EOP assets (in billions)	$	1,162	$	1,164	$	1,179	$	1,185	$	1,280		8%		10%
Average assets (in billions)		1,118		1,219		1,229		1,247		1,325		6%		19%
Efficiency ratio		57%		59%		61%		78%		53%		(2,500) bps		(400) bps
Average allocated TCE (in billions)⁽³⁾	$	53.5	$	53.5	$	53.5	$	53.5	$	56.4		5%		5%
RoTCE⁽³⁾		14.0%		13.5%		12.6%		6.2%		18.7%		1,250 bps		470 bps

Revenue by line of business
Fixed Income Markets	$	4,578	$	4,388	$	4,225	$	3,554	$	5,166		45%		13%
Equity Markets		1,497		1,592		1,520		1,055		2,080		97%		39%
Total	$	6,075	$	5,980	$	5,745	$	4,609	$	7,246		57%		19%

Rates and Currencies	$	3,116	$	3,221	$	2,963	$	2,449	$	3,311		35%		6%
Spread Products / Other Fixed Income		1,462		1,167		1,262		1,105		1,855		68%		27%
Total Fixed Income Markets revenues	$	4,578	$	4,388	$	4,225	$	3,554	$	5,166		45%		13%

Revenue by managed geography
North America	$	2,169	$	2,124	$	2,270	$	1,826	$	2,559		40%		18%
International		3,906		3,856		3,475		2,783		4,687		68%		20%
Total	$	6,075	$	5,980	$	5,745	$	4,609	$	7,246		57%		19%

Key drivers⁽⁴⁾(in billions of dollars)
Average loans	$	128	$	136	$	147	$	152	$	162		7%		27%
NCLs (annualized) as a % of average loans		0.45%		0.02%		0.18%		(0.03%)		(0.01%)		2 bps		(46) bps
ACLL as a % of EOP loans⁽⁵⁾		0.89%		0.85%		0.78%		0.67%		0.67%		0 bps		(22) bps
Average trading account assets	$	474	$	547	$	555	$	556	$	573		3%		21%

(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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income (including dividends)	$	491	$	530	$	562	$	549	$	587		7%		20%

Fee revenue
Investment banking fees⁽¹⁾		1,104		1,058		1,169		1,287		1,232		(4%)		12%
Other⁽²⁾		49		59		65		60		64		7%		31%
Total fee revenue		1,153		1,117		1,234		1,347		1,296		(4%)		12%
Principal transactions		(90)		(179)		(164)		(119)		(38)		68%		58%
All other		(24)		(34)		15		(4)		(78)		NM		(225%)
Total non-interest revenue		1,039		904		1,085		1,224		1,180		(4%)		14%

Total revenues, net of interest expense		1,530		1,434		1,647		1,773		1,767		-		15%

Total operating expenses		1,034		1,137		1,139		1,152		1,240		8%		20%

Net credit losses on loans		34		16		9		25		6		(76%)		(82%)
Credit reserve build (release) for loans		78		137		38		136		175		29%		124%
Provision (release) for credit losses on unfunded lending commitments		107		2		98		14		(51)		NM		NM
Provisions for credit losses for other assets and HTM debt securities		(5)		18		12		1		2		100%		NM
Provision for credit losses		214		173		157		176		132		(25%)		(38%)
Income (loss) from continuing operations before taxes		282		124		351		445		395		(11%)		40%
Income taxes (benefits)		60		33		84		90		91		1%		52%
Income (loss) from continuing operations		222		91		267		355		304		(14%)		37%
Noncontrolling interests		(1)		(2)		(3)		1		-		(100%)		100%
Net income (loss)	$	223	$	93	$	270	$	354	$	304		(14%)		36%
EOP assets (in billions)	$	147	$	148	$	141	$	140	$	154		10%		5%
Average assets (in billions)		144		150		149		146		154		5%		7%
Efficiency ratio		68%		79%		69%		65%		70%		500 bps		200 bps
Average allocated TCE (in billions)⁽³⁾	$	9.2	$	9.2	$	9.2	$	9.2	$	7.8		(15%)		(15%)
RoTCE⁽³⁾		9.8%		4.1%		11.6%		15.3%		15.8%		50 bps		600 bps

Revenue by line of business
Total Investment Banking	$	1,114	$	1,073	$	1,238	$	1,356	$	1,326		(2%)		19%
Corporate Lending (excluding gain (loss) on loan hedges)⁽⁴⁾		402		423		453		443		391		(12%)		(3%)
Total Banking revenues (ex-gain (loss) on loan hedges)⁽⁴⁾		1,516		1,496		1,691		1,799		1,717		(5%)		13%
Gain (loss) on loan hedges⁽⁴⁾		14		(62)		(44)		(26)		50		NM		257%
Total Banking revenues including gain (loss) on loan hedges⁽⁴⁾	$	1,530	$	1,434	$	1,647	$	1,773	$	1,767		-		15%

Business metrics—investment banking fees
Advisory	$	424	$	408	$	427	$	649	$	505		(22%)		19%
Equity underwriting (Equity Capital Markets (ECM))		127		218		174		180		208		16%		64%
Debt underwriting (Debt Capital Markets (DCM))		553		432		568		458		519		13%		(6%)
Total	$	1,104	$	1,058	$	1,169	$	1,287	$	1,232		(4%)		12%

Revenue by managed geography
North America	$	874	$	648	$	862	$	1,023	$	1,109		8%		27%
International		656		786		785		750		658		(12%)		-
Total	$	1,530	$	1,434	$	1,647	$	1,773	$	1,767		-		15%

Key drivers⁽⁵⁾(in billions of dollars)
Average loans	$	82	$	84	$	81	$	79	$	83		5%		1%
NCLs (annualized) as a % of average loans		0.17%		0.08%		0.04%		0.13%		0.03%		(10) bps		(14) bps
ACLL as a % of EOP loans⁽⁶⁾		1.54%		1.72%		1.83%		2.04%		2.06%		2 bps		52 bps

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

(6)	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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income	$	1,831	$	1,831	$	1,902	$	2,018	$	2,095		4%		14%
Fee revenue
Commissions and fees		484		454		494		465		543		17%		12%
Other⁽¹⁾		247		246		232		238		207		(13%)		(16%)
Total fee revenue		731		700		726		703		750		7%		3%
All other⁽²⁾		195		283		211		141		220		56%		13%
Total non-interest revenue		926		983		937		844		970		15%		5%

Total revenues, net of interest expense		2,757		2,814		2,839		2,862		3,065		7%		11%

Total operating expenses		2,390		2,313		2,375		2,377		2,415		2%		1%

Net credit losses on loans		67		73		91		80		88		10%		31%
Credit reserve build (release) for loans		64		(65)		(16)		6		13		117%		(80%)
Provision (release) for credit losses on unfunded lending commitments		(1)		(1)		(1)		1		-		(100%)		100%
Provisions for benefits and claims (PBC), and other assets		(4)		-		(1)		-		-		-		100%
Provisions for credit losses and for PBC		126		7		73		87		101		16%		(20%)
Income from continuing operations before taxes		241		494		391		398		549		38%		128%
Income taxes		50		109		88		99		117		18%		134%
Income from continuing operations		191		385		303		299		432		44%		126%
Noncontrolling interests		-		-		-		-		-		-		-
Net income	$	191	$	385	$	303	$	299	$	432		44%		126%
EOP assets (in billions)	$	301	$	308	$	313	$	316	$	320		1%		6%
Average assets (in billions)		301		305		315		325		321		(1%)		7%
Efficiency ratio		87%		82%		84%		83%		79%		(400) bps		(800) bps
Average allocated TCE (in billions)⁽³⁾	$	15.4	$	15.4	$	15.4	$	15.4	$	16.2		5%		5%
RoTCE⁽³⁾		5.0%		10.0%		7.8%		7.7%		10.8%		310 bps		580 bps

Revenue by line of business
Citigold and Retail Banking	$	1,825	$	1,862	$	1,969	$	2,010	$	2,062		3%		13%
Private Bank		664		731		656		625		757		21%		14%
Wealth at Work		268		221		214		227		246		8%		(8%)
Total	$	2,757	$	2,814	$	2,839	$	2,862	$	3,065		7%		11%

Revenue by managed geography
North America	$	1,734	$	1,729	$	1,741	$	1,825	$	1,893		4%		9%
International		1,023		1,085		1,098		1,037		1,172		13%		15%
Total	$	2,757	$	2,814	$	2,839	$	2,862	$	3,065		7%		11%

Key drivers⁽⁴⁾(in billions of dollars)

EOP client balances
Client investment assets^(5)(6)(7)	$	595	$	635	$	660	$	670	$	676		1%		14%
Deposits		401		400		408		413		418		1%		4%
Loans		196		200		202		204		205		-		5%
Total	$	1,192	$	1,235	$	1,270	$	1,287	$	1,299		1%		9%

Net new investment assets (NNIA)⁽⁷⁾⁽⁸⁾	$	16.5	$	2.0	$	18.6	$	7.2	$	14.7		104%		(11%)

Average deposits		399		398		405		407		414		2%		4%
Average loans		194		197		201		203		205		1%		6%
ACLL as a % of EOP loans⁽⁹⁾		0.38%		0.34%		0.33%		0.33%		0.33%		0 bps		(5) bps
NCLs (annualized) as a % of average loans		0.14%		0.15%		0.18%		0.16%		0.17%		1 bps		3 bps
U.S. Retail Banking branches (actual)		644		650		653		655		655		-		2%

(1)	Primarily related to fiduciary and administrative fees.

(2)	Primarily related to principal transactions revenue including FX translation.

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

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

(5)	Includes assets under management, and trust and custody assets.

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

(7)	March 31, 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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income	$	4,984	$	4,918	$	5,124	$	5,143	$	5,116		(1%)		3%
Fee revenue
Interchange fees⁽¹⁾		2,285		2,459		2,448		2,526		2,404		(5%)		5%
Card rewards and partner payments		(2,821)		(3,008)		(3,031)		(3,215)		(2,897)		10%		(3%)
Other⁽¹⁾		96		103		114		114		112		(2%)		17%
Total fee revenue		(440)		(446)		(469)		(575)		(381)		34%		13%
All other⁽²⁾		23		(1)		1		(4)		22		NM		(4%)
Total non-interest revenue		(417)		(447)		(468)		(579)		(359)		38%		14%

Total revenues, net of interest expense		4,567		4,471		4,656		4,564		4,757		4%		4%

Total operating expenses		1,691		1,626		1,644		1,794		1,711		(5%)		1%

Net credit losses on loans		1,954		1,856		1,741		1,739		1,742		-		(11%)
Credit reserve build (release) for loans		(174)		(5)		55		(117)		76		NM		NM
Provision (release) for credit losses on unfunded lending commitments⁽³⁾.		-		-		-		-		272		NM		NM
Provisions for benefits and claims (PBC), and other assets		3		1		3		2		2		-		(33%)
Provisions for credit losses and for PBC		1,783		1,852		1,799		1,624		2,092		29%		17%
Income from continuing operations before taxes		1,093		993		1,213		1,146		954		(17%)		(13%)
Income taxes		255		235		284		262		222		(15%)		(13%)
Income from continuing operations		838		758		929		884		732		(17%)		(13%)
Noncontrolling interests		-		-		-		-		-		-		-
Net income	$	838	$	758	$	929	$	884	$	732		(17%)		(13%)
EOP assets (in billions)	$	167	$	171	$	171	$	178	$	171		(4%)		2%
Average assets (in billions)		169		168		171		173		172		(1%)		2%
Efficiency ratio		37%		36%		35%		39%		36%		(300) bps		(100) bps
Average allocated TCE (in billions)⁽⁴⁾	$	20.3	$	20.3	$	20.3	$	20.3	$	15.5		(24%)		(24%)
RoTCE⁽⁴⁾		16.7%		15.0%		18.2%		17.3%		19.2%		190 bps		250 bps

Key drivers⁽⁵⁾(in billions)
Average loans	$	168	$	168	$	171	$	172	$	171		(1%)		2%
ACLL as a % of EOP loans		8.29%		8.08%		8.09%		7.74%		8.09%		35 bps		(20) bps
NCLs (annualized) as a % of average loans		4.72%		4.43%		4.05%		4.00%		4.12%		12 bps		(60) bps
Revenue rate⁽⁶⁾		11.02%		10.67%		10.80%		10.53%		11.28%		75 bps		26 bps
NII⁽⁷⁾(annualized) as a % of average loans		12.03%		11.74%		11.89%		11.86%		12.13%		27 bps		10 bps

(1)	Primarily includes credit card-related fees.

(2)	Primarily related to revenue incentives from card networks.

(3)	1Q26 includes a reserve build related to the forward purchase commitment of the Barclays American Airlines co-branded card portfolio.

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

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

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

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 9

USCC

Metrics


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
Key drivers⁽¹⁾(in billions of dollars, except as otherwise noted)	2025		2025		2025		2025		2026		4Q25		1Q25

New credit cards account acquisitions (in thousands)
General Purpose Credit Cards (GPCC)⁽²⁾		1,696		1,704		1,872		2,115		1,899		(10%)		12%
Private Label Credit Cards (PLCC)⁽³⁾		1,144		1,551		1,339		1,572		1,043		(34%)		(9%)
Credit card spend volume
GPCC	$	133.2	$	144.8	$	144.5	$	152.4	$	141.5		(7%)		6%
PLCC		10.9		13.9		12.6		13.9		10.5		(24%)		(4%)
Average loans⁽⁴⁾
GPCC	$	133.6	$	134.4	$	136.8	$	138.6	$	138.6		-		4%
PLCC		30.6		30.1		30.0		29.8		28.9		(3%)		(6%)
Installment Lending		3.8		3.7		3.7		3.9		3.8		(3%)		-
EOP loans⁽⁴⁾
GPCC	$	132.9	$	136.8	$	137.7	$	143.2	$	138.7		(3%)		4%
PLCC		29.9		30.4		29.8		30.5		28.3		(7%)		(5%)
Installment Lending		3.7		3.7		3.8		3.8		3.8		-		3%
NCLs as a % of average loans
GPCC		4.45%		4.20%		3.85%		3.78%		3.87%		9 bps		(58) bps
PLCC		5.71%		5.18%		4.67%		4.77%		5.05%		28 bps		(66) bps
Installment Lending		6.19%		6.29%		6.43%		6.00%		6.19%		19 bps		0 bps
Loans 90+ days past due as a % of EOP loans
GPCC		1.42%		1.30%		1.27%		1.32%		1.39%		7 bps		(3) bps
PLCC		2.23%		2.00%		2.08%		2.13%		2.15%		2 bps		(8) bps
Installment Lending		0.49%		0.57%		0.58%		0.58%		0.55%		(3) bps		6 bps
Loans 30-89 days past due as a % of EOP loans
GPCC		1.21%		1.12%		1.21%		1.23%		1.20%		(3) bps		(1) bps
PLCC		2.04%		1.89%		2.07%		1.99%		1.98%		(1) bps		(6) bps
Installment Lending		1.41%		1.35%		1.26%		1.37%		1.42%		5 bps		1 bps

(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)	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.

(3)	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.

(4)	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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income	$	1,284	$	1,442	$	1,351	$	1,144	$	1,003		(12%)		(22%)
Non-interest revenue⁽⁴⁾⁽⁵⁾		179		274		120		(1,352)		679		NM		279%
Total revenues, net of interest expense		1,463		1,716		1,471		(208)		1,682		NM		15%

Total operating expenses^{(5)(6)(7)(8)(9)}		2,226		2,277		2,169		2,026		2,144		6%		(4%)

Net credit losses on loans		256		256		297		341		371		9%		45%
Credit reserve build (release) for loans		73		70		16		75		13		(83%)		(82%)
Provision (release) for credit losses on unfunded lending commitments		(1)		(6)		(6)		2		(3)		NM		(200%)
Provisions for benefits and claims (PBC), other assets and HTM debt securities		31		54		24		31		19		(39%)		(39%)
Provisions for credit losses and for PBC		359		374		331		449		400		(11%)		11%
Income (loss) from continuing operations before taxes		(1,122)		(935)		(1,029)		(2,683)		(862)		68%		23%
Income taxes (benefits)		(283)		(362)		(277)		(410)		(474)		(16%)		(67%)
Income (loss) from continuing operations		(839)		(573)		(752)		(2,273)		(388)		83%		54%
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		(1)		(1)		-		-
Noncontrolling interests		16		(21)		3		16		105		NM		NM
Net income (loss)	$	(856)	$	(552)	$	(756)	$	(2,290)	$	(494)		78%		42%
EOP assets (in billions)	$	206	$	214	$	211	$	210	$	204		(3%)		(1%)
Average assets (in billions)		207		213		209		202		208		3%		-
Efficiency ratio		152%		133%		147%		(974%)		127%		NM		NM
Average allocated TCE (in billions)⁽¹⁰⁾	$	37.9	$	40.7	$	40.9	$	39.0	$	39.8		2%		5%

Revenue by line of business
Mexico Consumer/SBMM	$	1,467	$	1,536	$	1,722	$	1,775	$	2,054		16%		40%
Asia Consumer^(4)(11)		135		155		149		(1,434)		105		NM		(22%)
Legacy Holdings Assets (LHA)		19		-		-		(12)		2		NM		(89%)
Corporate/Other		(158)		25		(400)		(537)		(479)		11%		(203%)
Total	$	1,463	$	1,716	$	1,471	$	(208)	$	1,682		NM		15%

Mexico Consumer/SBMM—key indicators(in billions of dollars)
EOP loans	$	24.1	$	26.8	$	28.5	$	30.0	$	30.6		2%		27%
EOP deposits		35.3		38.4		40.6		43.8		43.8		-		24%
Average loans		23.7		25.5		27.2		29.2		30.7		5%		30%
NCLs as a % of average loans (Mexico Consumer only)		5.51%		5.28%		5.46%		5.91%		6.37%		46 bps		86 bps
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)		1.41%		1.58%		1.60%		1.72%		1.71%		(1) bps		30 bps
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)		1.46%		1.52%		1.58%		1.59%		1.64%		5 bps		18 bps

Asia Consumer—key indicators(in billions of dollars)^(12)(13)
EOP loans	$	4.5	$	3.0	$	2.7	$	2.5	$	2.2		(12%)		(51%)
EOP deposits		7.4		1.5		1.3		1.1		0.9		(18%)		(88%)
Average loans		4.7		4.0		2.8		2.6		2.4		(8%)		(49%)

Legacy Holdings Assets—key indicators(in billions of dollars)
EOP loans	$	2.2	$	2.1	$	1.8	$	1.8	$	1.7		(6%)		(23%)

(1)

Includes Legacy Franchises (see page 12 for details) and certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance-related costs), other corporate expenses, and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury investment activities and discontinued operations. The results of operations, as well as certain disclosed balance sheet information, for Mexico Consumer/SBMM are presented on a managerial view and include certain intercompany allocations, managerial charges, and offshore expenses that reflect the Mexico Consumer/SBMM operations as a component of Citi’s consolidated operations. The Mexico Consumer/SBMM results are therefore not intended to reflect, and may differ (significantly) from, Banamex’s results and operations as a standalone legal entity.

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

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

(4)

In 4Q25, Citigroup recognized an approximate $1.2 billion loss recorded in revenue (approximately $1.1 billion after-tax) related to the loss on sale of the announced move to held-for-sale of AO Citibank (Russia). The sale closed on February 18, 2026. The loss on sale consists of (($1.556) billion) (($1.506) billion after-tax) in Legacy Franchises and (($32) million) in Corporate/Other, partially offset by $356 million in Services, $19 million in Markets and $40 million in Banking. The only tax impact ($50 million tax benefit) was recorded in Legacy Franchises. For additional information, see Citi’s Form 8-K filed on December 29, 2025.

(5)	See footnote 2 on page 14.

(6)	See footnote 3 on page 14.

(7)	See footnote 4 on page 14.

(8)	See footnote 5 on page 14.

(9)	See footnote 6 on page 14.

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

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

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

(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)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income	$	1,167	$	1,271	$	1,338	$	1,379	$	1,479		7%		27%
Non-interest revenue⁽⁴⁾⁽⁵⁾		454		420		533		(1,050)		682		NM		50%
Total revenues, net of interest expense		1,621		1,691		1,871		329		2,161		NM		33%
Total operating expenses^{(5)(6)(7)(8)(9)}		1,334		1,287		1,320		1,222		1,324		8%		(1%)
Net credit losses on loans		256		256		297		341		371		9%		45%
Credit reserve build (release) for loans		73		70		16		75		13		(83%)		(82%)
Provision (release) for credit losses on unfunded lending commitments		(1)		(6)		(6)		2		(3)		NM		(200%)
Provisions for benefits and claims (PBC), other assets and HTM debt securities		30		51		20		29		28		(3%)		(7%)
Provisions for credit losses and for PBC		358		371		327		447		409		(9%)		14%
Income (loss) from continuing operations before taxes		(71)		33		224		(1,340)		428		NM		NM
Income taxes (benefits)		(25)		(5)		66		147		137		(7%)		NM
Income (loss) from continuing operations		(46)		38		158		(1,487)		291		NM		NM
Noncontrolling interests		14		(22)		3		9		114		NM		NM
Net income (loss)	$	(60)	$	60	$	155	$	(1,496)	$	177		NM		NM
EOP assets (in billions)	$	77	$	83	$	86	$	86	$	87		1%		13%
Average assets (in billions)		77		81		85		87		88		1%		14%
Efficiency ratio		82%		76%		71%		371%		61%		NM		NM
Average allocated TCE (in billions)⁽¹⁰⁾	$	5.1	$	5.1	$	5.1	$	5.1	$	5.7		12%		12%

Revenue by line of business
Mexico Consumer/SBMM⁽³⁾	$	1,467	$	1,536	$	1,722	$	1,775	$	2,054		16%		40%
Asia Consumer^(4)(11)		135		155		149		(1,434)		105		NM		(22%)
Legacy Holdings Assets (LHA)		19		-		-		(12)		2		NM		(89%)
Total	$	1,621	$	1,691	$	1,871	$	329	$	2,161		NM		33%

Mexico Consumer/SBMM⁽³⁾—key indicators(in billions of dollars)
EOP loans	$	24.1	$	26.8	$	28.5	$	30.0	$	30.6		2%		27%
EOP deposits		35.3		38.4		40.6		43.8		43.8		-		24%
Average loans		23.7		25.5		27.2		29.2		30.7		5%		30%
NCLs as a % of average loans (Mexico Consumer only)		5.51%		5.28%		5.46%		5.91%		6.37%		46 bps		86 bps
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)		1.41%		1.58%		1.60%		1.72%		1.71%		(1) bps		30 bps
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)		1.46%		1.52%		1.58%		1.59%		1.64%		5 bps		18 bps

Asia Consumer—key indicators(in billions of dollars)^(12)(13)
EOP loans	$	4.5	$	3.0	$	2.7	$	2.5	$	2.2		(12%)		(51%)
EOP deposits		7.4		1.5		1.3		1.1		0.9		(18%)		(88%)
Average loans		4.7		4.0		2.8		2.6		2.4		(8%)		(49%)

Legacy Holdings Assets—key indicators(in billions of dollars)
EOP loans	$	2.2	$	2.1	$	1.8	$	1.8	$	1.7		(6%)		(23%)

(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) and Russia.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 12

ALL OTHER

Corporate/Other⁽¹⁾

(In millions of dollars, except as otherwise noted)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income	$	117	$	171	$	13	$	(235)	$	(476)		(103%)		NM
Non-interest revenue		(275)		(146)		(413)		(302)		(3)		99%		99%

Total revenues, net of interest expense		(158)		25		(400)		(537)		(479)		11%		(203%)

Total operating expenses		892		990		849		804		820		2%		(8%)
Provisions for other assets, HTM debt securities and other		1		3		4		2		(9)		NM		NM
Income (loss) from continuing operations before taxes		(1,051)		(968)		(1,253)		(1,343)		(1,290)		4%		(23%)
Income taxes (benefits)		(258)		(357)		(343)		(557)		(611)		(10%)		(137%)
Income (loss) from continuing operations		(793)		(611)		(910)		(786)		(679)		14%		14%
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		(1)		(1)		-		-
Noncontrolling interests		2		1		-		7		(9)		NM		NM
Net income (loss)	$	(796)	$	(612)	$	(911)	$	(794)	$	(671)		15%		16%

EOP assets (in billions)	$	129	$	131	$	125	$	124	$	117		(6%)		(9%)
Average allocated TCE (in billions)⁽²⁾		32.8		35.6		35.8		33.9		34.1		1%		4%

(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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Net interest income	$	-	$	-	$	-	$	-	$	-		-		-
Non-interest revenue⁽²⁾		-		(177)		2		(1)		13		NM		NM
Total revenues, net of interest expense		-		(177)		2		(1)		13		NM		NM
Total operating expenses^{(2)(3)(4)(5)(6)}		34		37		766		40		31		(23%)		(9%)
Net credit losses on loans		-		5		(3)		(2)		1		NM		NM
Credit reserve build (release) for loans		(11)		-		-		1		-		(100%)		100%
Provision (release) for credit losses on unfunded lending commitments		-		-		-		-		-		-		-
Provisions for benefits and claims (PBC), other assets and HTM debt securities		-		-		-		-		-		-		-
Provisions for credit losses and for PBC		(11)		5		(3)		(1)		1		NM		NM
Income (loss) from continuing operations before taxes		(23)		(219)		(761)		(40)		(19)		53%		17%
Income taxes (benefits)		(8)		(39)		16		70		(7)		NM		13%
Income (loss) from continuing operations		(15)		(180)		(777)		(110)		(12)		89%		20%
Income (loss) from discontinued operations, net of taxes		-		-		-		-		-		-		-
Noncontrolling interests		-		-		-		-		-		-		-
Net income (loss)	$	(15)	$	(180)	$	(777)	$	(110)	$	(12)		89%		20%

(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)

1Q25 includes approximately $34 million in operating expenses (approximately $23 million after-tax), largely related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025.

(4)

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.

(5)	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.

(6)	1Q26 includes approximately $31 million in operating expenses (approximately $23 million after-tax), primarily related to separation costs in Mexico.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

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⁾


	1Q25		4Q25		1Q26⁽⁵⁾		1Q25		4Q25		1Q26⁽⁵⁾		1Q25		4Q25		1Q26⁽⁵⁾
Assets
Deposits with banks	$	280,566	$	333,848	$	344,971	$	3,001	$	3,190	$	3,194	4.34%		3.79%			3.75%
Securities borrowed and purchased under resale agreements⁽⁶⁾		362,140		364,353		394,172		6,291		7,047		6,681	7.05%		7.67%			6.87%
Trading account assets⁽⁷⁾		437,378		523,690		535,116		4,370		5,317		4,897	4.05%		4.03%			3.71%
Investments		459,354		447,982		443,526		4,175		4,192		4,028	3.69%		3.71%			3.68%

Consumer loans		386,690		401,451		403,807		9,758		10,121		9,977	10.23%		10.00%			10.02%
Corporate loans		304,047		335,263		351,398		4,985		5,286		5,269	6.65%		6.26%			6.08%
Total loans (net of unearned income)⁽⁸⁾		690,737		736,714		755,205		14,743		15,407		15,246	8.66%		8.30%			8.19%
Other interest-earning assets		75,982		96,860		123,549		1,112		1,521		1,496	5.94%		6.23%			4.91%
Total average interest-earning assets	$	2,306,157	$	2,503,447	$	2,596,539	$	33,692	$	36,674	$	35,542	5.92%		5.81%			5.55%

Liabilities
Deposits	$	1,103,768	$	1,218,253	$	1,236,277	$	8,438	$	8,680	$	8,253	3.10%		2.83%			2.71%
Securities loaned and sold under repurchase agreements⁽⁶⁾		372,193		384,902		412,607		6,256		7,101		6,598	6.82%		7.32%			6.49%
Trading account liabilities⁽⁷⁾		91,169		103,820		118,413		757		753		769	3.37%		2.88%			2.63%
Short-term borrowings and other interest-bearing liabilities		130,654		154,999		185,229		1,726		1,907		1,832	5.36%		4.88%			4.01%
Long-term debt⁽⁹⁾		175,021		186,846		184,573		2,477		2,543		2,320	5.74%		5.40%			5.10%
Total average interest-bearing liabilities	$	1,872,805	$	2,048,820	$	2,137,099	$	19,654	$	20,984	$	19,772	4.26%		4.06%			3.75%

Net interest income as a % of average interest-earning assets (NIM)⁽⁹⁾							$	14,038	$	15,690	$	15,770	2.47%		2.49%			2.46%

1Q26 increase (decrease) from:													(1)	bps	(3)	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 $26 million for 1Q25, $25 million for 4Q25 and $29 million for 1Q26.

(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)	March 31, 2026 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)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Corporate loans by region
North America	$	138.7	$	146.5	$	150.1	$	155.2	$	163.6		5%		18%
International		177.0		183.1		185.2		188.5		195.6		4%		11%
Total corporate loans	$	315.7	$	329.6	$	335.3	$	343.7	$	359.2		5%		14%

Corporate loans by segment and reporting unit
Services	$	98.0	$	96.4	$	99.4	$	99.5	$	101.5		2%		4%
Markets		129.8		144.3		149.7		159.4		165.2		4%		27%
Banking		81.4		81.9		78.8		77.2		84.6		10%		4%
All Other—Legacy Franchises—Mexico SBMM and AFG⁽³⁾		6.5		7.0		7.4		7.6		7.9		4%		22%
Total corporate loans	$	315.7	$	329.6	$	335.3	$	343.7	$	359.2		5%		14%

Wealth by region
North America	$	144.9	$	147.3	$	148.2	$	150.2	$	150.4		-		4%
International		50.6		52.7		53.5		54.1		54.6		1%		8%
Total	$	195.5	$	200.0	$	201.7	$	204.3	$	205.0		-		5%

USCC
GPCC	$	132.9	$	136.8	$	137.7	$	143.2	$	138.7		(3%)		4%
PLCC		29.9		30.4		29.8		30.5		28.3		(7%)		(5%)
Installment Lending		3.7		3.7		3.8		3.8		3.8		-		3%
Total	$	166.5	$	170.9	$	171.3	$	177.5	$	170.8		(4%)		3%

All Other—Consumer
Mexico Consumer	$	17.9	$	20.0	$	21.2	$	22.5	$	22.8		1%		27%
Asia Consumer⁽⁴⁾		4.5		3.0		2.7		2.5		2.2		(12%)		(51%)
Legacy Holdings Assets (LHA)		1.9		1.9		1.7		1.7		1.6		(6%)		(16%)
Total	$	24.3	$	24.9	$	25.6	$	26.7	$	26.6		-		9%

Total consumer loans	$	386.3	$	395.8	$	398.6	$	408.5	$	402.4		(2%)		4%

Total loans—EOP	$	702.1	$	725.3	$	733.9	$	752.2	$	761.6		1%		8%

Total loans—average	$	690.7	$	712.2	$	725.0	$	736.7	$	755.2		3%		9%

NCLs as a % of total average loans		1.44%		1.26%		1.21%		1.18%		1.19%		1 bps		(25) 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.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 16

END-OF-PERIOD DEPOSITS

(In billions of dollars)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Services, Markets, and Banking by region (institutional)
North America	$	406.3	$	414.4	$	428.3	$	452.9	$	478.5		6%		18%
International		444.4		477.2		483.1		481.3		499.3		4%		12%
Total	$	850.7	$	891.6	$	911.4	$	934.2	$	977.8		5%		15%

Treasury and Trade Solutions	$	692.1	$	726.4	$	740.0	$	779.4	$	804.5		3%		16%
Securities Services		140.9		148.1		151.3		138.4		155.2		12%		10%
Services	$	833.0	$	874.5	$	891.3	$	917.8	$	959.7		5%		15%
Markets		17.2		16.7		19.3		16.0		17.7		11%		3%
Banking		0.5		0.4		0.8		0.4		0.4		-		(20%)
Total	$	850.7	$	891.6	$	911.4	$	934.2	$	977.8		5%		15%

Wealth
North America	$	278.7	$	277.3	$	278.5	$	285.6	$	285.8		-		3%
International		122.4		123.1		129.2		126.9		132.1		4%		8%
Total	$	401.1	$	400.4	$	407.7	$	412.5	$	417.9		1%		4%

All Other
Legacy Franchises
Mexico Consumer	$	25.6	$	28.5	$	29.7	$	33.3	$	32.6		(2%)		27%
Mexico SBMM—corporate		9.7		9.9		10.9		10.5		11.2		7%		15%
Asia Consumer⁽¹⁾		7.4		1.5		1.3		1.1		0.9		(18%)		(88%)
Legacy Holdings Assets (LHA)⁽²⁾		0.1		0.1		0.1		0.1		0.1		-		-
Corporate/Other		21.8		25.7		22.8		11.9		5.7		(52%)		(74%)
Total	$	64.6	$	65.7	$	64.8	$	56.9	$	50.5		(11%)		(22%)

Total deposits—EOP	$	1,316.4	$	1,357.7	$	1,383.9	$	1,403.6	$	1,446.2		3%		10%

Total deposits—average	$	1,305.0	$	1,342.8	$	1,382.2	$	1,422.3	$	1,446.4		2%		11%

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

(2)	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		FX/Other⁽¹⁾		3/31/26		3/31/26

Allowance for credit losses on loans (ACLL)
Services	$	264	$	24	$	53	$	(4)	$	(18)		$	55	$	8	$	327	$	97	$	1	$	425
Markets		1,030		48		53		(44)		(73)			(16)		13		1,027		23		(6)		1,044
Banking		1,167		78		137		38		136			389		22		1,578		175		(11)		1,742
Legacy Franchises corporate(Mexico SBMM and AFG⁽²⁾)		95		4		16		(12)		6			14		12		121		4		3		128

Total corporate ACLL	$	2,556	$	154	$	259	$	(22)	$	51		$	442	$	55	$	3,053	$	299	$	(13)	$	3,339		0.95%
U.S. Cards	$	13,560	$	(169)	$	(12)	$	44	$	(102)		$	(239)	$	3	$	13,324	$	78	$	(2)	$	13,400		8.02%
Installment lending		425		(5)		7		11		(15)			(2)		(1)		422		(2)		-		420
Total USCC	$	13,985	$	(174)	$	(5)	$	55	$	(117)		$	(241)	$	2	$	13,746	$	76	$	(2)	$	13,820
Wealth		673		64		(65)		(16)		6			(11)		7		669		13		(1)		681
All Other—consumer		1,360		58		54		28		70			210		209		1,779		9		8		1,796
Total consumer ACLL	$	16,018	$	(52)	$	(16)	$	67	$	(41)		$	(42)	$	218	$	16,194	$	98	$	5	$	16,297		4.05%

Total ACLL	$	18,574	$	102	$	243	$	45	$	10		$	400	$	273	$	19,247	$	397	$	(8)	$	19,636		2.61%
Allowance for credit losses on unfunded lending commitments (ACLUC)⁽³⁾	$	1,601	$	108	$	(19)	$	100	$	13		$	202	$	30	$	1,833	$	184	$	(4)	$	2,013
Total ACLL and ACLUC		20,175		210		224		145		23			602		303		21,080		581		(12)		21,649
Other⁽⁴⁾⁽⁵⁾		2,002		34		388		74		(17)			479		(2,188)		293		3		6		302
Total ACL	$	22,177	$	244	$	612	$	219	$	6		$	1,081	$	(1,885)	$	21,373	$	584	$	(6)	$	21,951

(1)	Primarily includes FX translation on the EOP ACL balances.

(2)	See footnote 3 on page 16.

(3)	1Q26 includes a reserve build related to the forward purchase commitment of the Barclays American Airlines co-branded card portfolio.

(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)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	18,574	$	18,726	$	19,123	$	19,206	$	19,247		-		4%
Gross credit (losses) on loans		(2,926)		(2,723)		(2,726)		(2,724)		(2,820)		(4%)		4%
Gross recoveries on loans		467		489		512		534		612		15%		31%
Net credit (losses) / recoveries on loans (NCLs)		(2,459)		(2,234)		(2,214)		(2,190)		(2,208)		1%		(10%)
Replenishment of NCLs		2,459		2,234		2,214		2,190		2,208		1%		(10%)
Net reserve builds / (releases) for loans		102		243		45		10		397		NM		289%
Provision for credit losses on loans (PCLL)		2,561		2,477		2,259		2,200		2,605		18%		2%
Other, net^{(1)(2)(3)(4)(5)(6)}		50		154		38		31		(8)		NM		NM
ACLL at end of period (a)	$	18,726	$	19,123	$	19,206	$	19,247	$	19,636		2%		5%

Allowance for credit losses on unfunded lending commitments (ACLUC)⁽⁷⁾⁽⁸⁾(a)	$	1,720	$	1,721	$	1,820	$	1,833	$	2,013		10%		17%

Provision (release) for credit losses on unfunded lending commitments⁽⁸⁾	$	108	$	(19)	$	100	$	13	$	184		NM		70%

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]	$	20,446	$	20,844	$	21,026	$	21,080	$	21,649		3%		6%

Total ACLL as a % of total loans⁽⁹⁾		2.70%		2.67%		2.65%		2.58%		2.61%		3 bps		(9) bps
Total NCLs (annualized) as a % of average loans		1.44%		1.26%		1.21%		1.18%		1.19%		1 bps		(25) bps

Consumer
ACLL at beginning of period	$	16,018	$	16,001	$	16,100	$	16,205	$	16,194		-		1%

NCLs		(2,277)		(2,185)		(2,122)		(2,148)		(2,200)		2%		(3%)
Replenishment of NCLs		2,277		2,185		2,122		2,148		2,200		2%		(3%)
Net reserve builds / (releases) for loans		(52)		(16)		67		(41)		98		NM		NM
Provision for credit losses on loans (PCLL)		2,225		2,169		2,189		2,107		2,298		9%		3%
Other, net^{(1)(2)(3)(4)(5)(6)}		35		115		38		30		5		(83%)		(86%)
ACLL at end of period (b)	$	16,001	$	16,100	$	16,205	$	16,194	$	16,297		1%		2%

Consumer ACLUC⁽⁷⁾⁽⁸⁾(b)	$	31	$	24	$	20	$	24	$	297		NM		NM

Provision (release) for credit losses on unfunded lending commitments⁽⁸⁾	$	(3)	$	(1)	$	(4)	$	3	$	274		NM		NM

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]	$	16,032	$	16,124	$	16,225	$	16,218	$	16,594		2%		4%

Consumer ACLL as a % of total consumer loans		4.14%		4.07%		4.07%		3.96%		4.05%		9 bps		(9) bps
Consumer NCLs (annualized) as a % of average loans		2.39%		2.25%		2.12%		2.12%		2.21%		9 bps		(18) bps

Corporate
ACLL at beginning of period	$	2,556	$	2,725	$	3,023	$	3,001	$	3,053		2%		19%

NCLs		(182)		(49)		(92)		(42)		(8)		(81%)		(96%)
Replenishment of NCLs		182		49		92		42		8		(81%)		(96%)
Net reserve builds / (releases) for loans		154		259		(22)		51		299		486%		94%
Provision for credit losses on loans (PCLL)		336		308		70		93		307		230%		(9%)
Other, net⁽¹⁾		15		39		-		1		(13)		NM		NM

ACLL at end of period (c)	$	2,725	$	3,023	$	3,001	$	3,053	$	3,339		9%		23%

Corporate ACLUC⁽⁷⁾(c)	$	1,689	$	1,697	$	1,800	$	1,809	$	1,716		(5%)		2%

Provision (release) for credit losses on unfunded lending commitments	$	111	$	(18)	$	104	$	10	$	(90)		NM		NM

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]	$	4,414	$	4,720	$	4,801	$	4,862	$	5,055		4%		15%

Corporate ACLL as a % of total corporate loans⁽¹⁰⁾		0.89%		0.94%		0.92%		0.91%		0.95%		4 bps		6 bps
Corporate NCLs (annualized) as a % of average loans		0.24%		0.06%		0.11%		0.05%		0.01%		(4) bps		(23) bps

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

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)	1Q25 primarily relates to FX translation.

(3)	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.

(4)	3Q25 primarily relates to FX translation.

(5)	4Q25 primarily relates to FX translation.

(6)	1Q26 primarily relates 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 the forward purchase commitment of the Barclays American Airlines co-branded card portfolio.

(9)	Excludes loans that are carried at fair value of $8.2 billion, $9.3 billion, $7.9 billion, $6.9 billion, and $8.5 billion at March 31, 2025, June 30, 2025, September 30, 2025, December 31, 2025, and March 31, 2026, respectively.

(10)	Excludes loans that are carried at fair value of $7.9 billion, $9.2 billion, $7.9 billion, $6.8 billion, and $8.5 billion at March 31, 2025, June 30, 2025, September 30, 2025, December 31, 2025, and March 31, 2026, respectively.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 20

NON-ACCRUAL ASSETS

(In millions of dollars)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Corporate non-accrual loans by region⁽¹⁾
North America	$	822	$	953	$	1,280	$	1,145	$	955		(17%)		16%
International		554		769		791		856		1,002		17%		81%
Total	$	1,376	$	1,722	$	2,071	$	2,001	$	1,957		(2%)		42%

Corporate non-accrual loans⁽¹⁾
Banking	$	510	$	502	$	820	$	919	$	971		6%		90%
Services		110		134		187		337		393		17%		257%
Markets		631		932		926		622		472		(24%)		(25%)
Mexico SBMM and AFG		125		154		138		123		121		(2%)		(3%)
Total	$	1,376	$	1,722	$	2,071	$	2,001	$	1,957		(2%)		42%

Consumer non-accrual loans⁽¹⁾
Wealth	$	702	$	945	$	886	$	847	$	660		(22%)		(6%)
USCC		18		21		22		22		21		(5%)		17%
Mexico Consumer		416		485		526		585		577		(1%)		39%
Asia Consumer⁽²⁾		20		16		16		15		12		(20%)		(40%)
Legacy Holdings Assets—Consumer		172		165		157		149		144		(3%)		(16%)
Total	$	1,328	$	1,632	$	1,607	$	1,618	$	1,414		(13%)		6%

Total non-accrual loans (NAL)	$	2,704	$	3,354	$	3,678	$	3,619	$	3,371		(7%)		25%

Other real estate owned (OREO)⁽³⁾	$	21	$	26	$	29	$	22	$	34		55%		62%

NAL as a percentage of total loans		0.39%		0.46%		0.50%		0.48%		0.44%		(4) bps		5 bps

ACLL as a percentage of NAL		693%		570%		522%		532%		582%

(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)	Asia Consumer also includes Non-accrual assets in Poland (through 1Q25) and Russia.

(3)	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

COMMON EQUITY TIER 1 (CET1) CAPITAL AND

SUPPLEMENTARY LEVERAGE RATIOS

(In millions of dollars or shares, except ratios)

		Mar. 31,			Jun. 30,			Sep. 30,			Dec. 31,			March 31,
CET1 Capital and Ratio and Components⁽¹⁾			2025			2025			2025			2025			2026⁽²⁾
Citigroup common stockholders’ equity⁽³⁾		$	194,125		$	196,931		$	194,038		$	192,304		$	191,478
Add: qualifying noncontrolling interests			192			200			217			226			226
Regulatory capital adjustments and deductions:
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax			(213)			(141)			(116)			10			(249)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax			(32)			(408)			(1,443)			(1,919)			(353)
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁴⁾			18,122			18,524			17,876			18,482			18,373
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs			3,291			3,236			3,169			3,135			3,150
Defined benefit pension plan net assets and other			1,532			1,610			1,725			1,822			1,730
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards⁽⁵⁾			11,517			11,163			10,807			10,784			10,470
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs⁽⁵⁾⁽⁶⁾			4,261			4,204			3,757			3,117			3,879
CET1 Capital		$	155,839		$	158,943		$	158,480		$	157,099		$	154,704
Risk-Weighted Assets (RWA)		$	1,162,306		$	1,178,756		$	1,194,274		$	1,192,174		$	1,216,767
CET1 Capital ratio (CET1/RWA)			13.41%			13.48%			13.27%			13.18%			12.7%

Supplementary Leverage Ratio and Components
CET1		$	155,839		$	158,943		$	158,480		$	157,099		$	154,704
Additional Tier 1 Capital (AT1)⁽⁷⁾			19,675			17,676			20,313			22,576			22,092
Total Tier 1 Capital (T1C) (CET1 + AT1)		$	175,514		$	176,619		$	178,793		$	179,675		$	176,796
Total Leverage Exposure (TLE)		$	3,033,450		$	3,195,323		$	3,236,413		$	3,276,212		$	3,372,448
Supplementary Leverage ratio (T1C/TLE)			5.79%			5.53%			5.52%			5.48%			5.2%

(1)	See footnote 2 on page 1.

(2)	March 31, 2026 is preliminary.

(3)	Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(4)	Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(5)

Represents deferred tax excludable from Basel III CET1 Capital, which includes net DTAs arising from net operating loss, foreign tax credit, and general business credit tax carry-forwards and DTAs arising from temporary differences (future deductions) that are deducted from CET1 Capital exceeding the 10% limitation.

(6)

Assets subject to 10% / 15% limitations include MSRs, DTAs arising from temporary differences, and significant common stock investments in unconsolidated financial institutions. For all periods presented, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

(7)	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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common stockholders’ equity	$	194,058	$	196,872	$	193,973	$	192,241	$	191,409		-		(1%)
Less:
Goodwill		19,422		19,878		19,126		19,098		18,997
Identifiable intangible assets (other than MSRs)		3,679		3,639		3,582		3,525		3,539
Goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS		16		16		-		-		-
Tangible common equity (TCE)⁽¹⁾	$	170,941	$	173,339	$	171,265	$	169,618	$	168,873		-		(1%)
Common shares outstanding (CSO)		1,867.7		1,840.9		1,789.3		1,747.5		1,705.6		(2%)		(9%)
Book value per share (common equity/CSO)	$	103.90	$	106.94	$	108.41	$	110.01	$	112.22		2%		8%
Tangible book value per share (TCE/CSO)⁽¹⁾	$	91.52	$	94.16	$	95.72	$	97.06	$	99.01		2%		8%

Return on Common Equity (RoCE) and Return on Tangible Common Equity (RoTCE)

Net income (loss)	$	4,064	$	4,019	$	3,752	$	2,471	$	5,785
Preferred dividends		269		287		274		284		305
Net income (loss) available to common shareholders		3,795		3,732		3,478		2,187		5,480
Average common stockholders’ equity		191,794		195,622		195,471		193,205		192,606		-		-
Less:
Average goodwill and intangibles		22,474		23,482		23,169		22,763		23,360
Average TCE	$	169,320	$	172,140	$	172,302	$	170,442	$	169,246		(1%)		-

RoCE		8.0%		7.7%		7.1%		4.5%		11.5%		700 bps		350 bps
RoTCE		9.1%		8.7%		8.0%		5.1%		13.1%		800 bps		400 bps

Average TCE(in billions of dollars)⁽¹⁾⁽²⁾
Services	$	33.0	$	33.0	$	33.0	$	33.0	$	33.5		2%		2%
Markets		53.5		53.5		53.5		53.5		56.4		5%		5%
Banking		9.2		9.2		9.2		9.2		7.8		(15%)		(15%)
Wealth		15.4		15.4		15.4		15.4		16.2		5%		5%
USCC		20.3		20.3		20.3		20.3		15.5		(24%)		(24%)
All Other		37.9		40.7		40.9		39.0		39.8		2%		5%
Total Citi average TCE	$	169.3	$	172.1	$	172.3	$	170.4	$	169.2		(1%)		-
Add:
Average goodwill	$	18.8	$	19.8	$	19.6	$	19.2	$	19.9
Average intangible assets (other than MSRs)		3.7		3.7		3.6		3.6		3.5

Total Citi average common stockholders’ equity(in billions of dollars)	$	191.8	$	195.6	$	195.5	$	193.2	$	192.6		-		-

Income (loss) available to common shareholders(in billions of dollars)⁽³⁾
Services	$	1.8	$	1.7	$	2.1	$	2.5	$	2.2		(12%)		22%
Markets		1.8		1.8		1.7		0.8		2.6		225%		44%
Banking		0.2		0.1		0.3		0.4		0.3		(25%)		50%
Wealth		0.2		0.4		0.3		0.3		0.4		33%		100%
USCC		0.8		0.8		0.9		0.9		0.7		(22%)		(13%)
All Other—managed basis⁽³⁾		(1.0)		(0.9)		(1.0)		(2.6)		(0.7)		73%		30%
Reconciling Items—divestiture-related impacts⁽⁴⁾		-		(0.2)		(0.8)		(0.1)		-		100%		-

Total Citi income (loss) available to common shareholders⁽³⁾	$	3.8	$	3.7	$	3.5	$	2.2	$	5.5		150%		45%

RoTCE⁽¹⁾
Services		22.5%		20.8%		25.0%		30.0%		27.0%		(300) bps		450 bps
Markets		14.0%		13.5%		12.6%		6.2%		18.7%		1,250 bps		470 bps
Banking		9.8%		4.1%		11.6%		15.3%		15.8%		50 bps		600 bps
Wealth		5.0%		10.0%		7.8%		7.7%		10.8%		310 bps		580 bps
USCC		16.7%		15.0%		18.2%		17.3%		19.2%		190 bps		250 bps
All Other—managed basis⁽³⁾		(12.0%)		(8.3%)		(10.0%)		(26.2%)		(8.1%)		NM		NM
Reconciling Items—divestiture-related impacts⁽⁴⁾		N/A		N/A		N/A		N/A		N/A

Total Citi RoTCE		9.1%		8.7%		8.0%		5.1%		13.1%		800 bps		400 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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Foreign currency (FX) translation impact

Total Citigroup

Total revenues—as reported	$	21,596	$	21,668	$	22,090	$	19,871	$	24,633		24%		14%
Impact of FX translation⁽¹⁾		512		219		222		159		-
Total revenues—Ex-FX⁽¹⁾	$	22,108	$	21,887	$	22,312	$	20,030	$	24,633		23%		11%

Total operating expenses—as reported	$	13,425	$	13,577	$	14,290	$	13,840	$	14,311		3%		7%
Impact of FX translation⁽¹⁾		433		136		161		123		-
Total operating expenses—Ex-FX⁽¹⁾	$	13,858	$	13,713	$	14,451	$	13,963	$	14,311		2%		3%

Total provisions for credit losses and PBC—as reported	$	2,723	$	2,872	$	2,450	$	2,220	$	2,805		26%		3%
Impact of FX translation⁽¹⁾		87		37		21		20		-
Total provisions for credit losses and PBC—Ex-FX⁽¹⁾	$	2,810	$	2,909	$	2,471	$	2,240	$	2,805		25%		-

Total EBIT—as reported	$	5,448	$	5,219	$	5,350	$	3,811	$	7,517		97%		38%
Impact of FX translation⁽¹⁾		(8)		46		40		16		-
Total EBIT—Ex-FX⁽¹⁾	$	5,440	$	5,265	$	5,390	$	3,827	$	7,517		96%		38%

Total EOP Loans—as reported	$	702	$	725	$	734	$	752	$	762		1%		9%
Impact of FX translation⁽¹⁾		8		(1)		(2)		(2)		-
Total EOP Loans—Ex-FX⁽¹⁾	$	710	$	724	$	732	$	750	$	762		2%		7%

Total EOP Deposits—as reported	$	1,316	$	1,358	$	1,384	$	1,404	$	1,446		3%		10%
Impact of FX translation⁽¹⁾		17		(5)		(4)		(5)		-
Total EOP Deposits—Ex-FX⁽¹⁾	$	1,333	$	1,353	$	1,380	$	1,399	$	1,446		3%		8%

Total Average Loans—as reported	$	691	$	712	$	725	$	737	$	755		2%		9%
Impact of FX translation⁽¹⁾		13		6		2		2		-
Total Average Loans—Ex-FX⁽¹⁾	$	704	$	718	$	727	$	739	$	755		2%		7%

Total Average Deposits—as reported	$	1,305	$	1,343	$	1,382	$	1,422	$	1,446		2%		11%
Impact of FX translation⁽¹⁾		30		12		5		6		-
Total Average Deposits—Ex-FX⁽¹⁾	$	1,335	$	1,355	$	1,387	$	1,428	$	1,446		1%		8%

Legacy Franchises—Mexico Consumer/SBMM

All Other—Legacy Franchises (LF) Mexico Consumer/SBMM revenues—as reported	$	1,467	$	1,536	$	1,722	$	1,775	$	2,054		16%		40%
Impact of FX translation⁽¹⁾		220		127		92		67		-
All Other—LF Mexico Consumer/SBMM revenues—Ex-FX⁽¹⁾	$	1,687	$	1,663	$	1,814	$	1,842	$	2,054		12%		22%

All Other—LF Mexico Consumer/SBMM expenses—as reported	$	1,060	$	984	$	1,772	$	962	$	1,181		23%		11%
Impact of FX translation⁽¹⁾		179		95		107		40		-
All Other—LF Mexico Consumer/SBMM expenses—Ex-FX⁽¹⁾	$	1,239	$	1,079	$	1,879	$	1,002	$	1,181		18%		(5%)

(1)

Reflects the impact of foreign currency (FX) translation into U.S. dollars applying the first quarter of 2026 average exchange rates for all quarterly periods, with the exception of EOP loans and deposits, which were calculated based on exchange rates as of March 31, 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)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Total Citigroup revenues, net interest income (NII) and non-interest revenues (NIR)

Total Citigroup revenues—as reported	$	21,596	$	21,668	$	22,090	$	19,871	$	24,633		24%		14%
Less:
Total divestiture-related Impacts on revenues⁽¹⁾		-		(177)		2		(1)		13
Total Citigroup revenues, excluding divestitures impacts^(*)	$	21,596	$	21,845	$	22,088	$	19,872	$	24,620		24%		14%


Total Citigroup revenues—as reported	$	21,596	$	21,668	$	22,090	$	19,871	$	24,633		24%		14%
Less:
Notable item—Russia HFS accounting treatment loss impact on revenues⁽²⁾		-		-		-		(1,173)		-
Total Citigroup revenues, excluding notable item(s) impact^(*)	$	21,596	$	21,668	$	22,090	$	21,044	$	24,633		17%		14%


Total Citigroup net interest income (NII)—as reported	$	14,012	$	15,175	$	14,940	$	15,665	$	15,741		-		12%
Markets NII⁽³⁾		1,924		2,824		2,178		2,761		2,797
Citigroup NII ex-Markets^(*)	$	12,088	$	12,351	$	12,762	$	12,904	$	12,944		-		7%

Total Citigroup non-interest revenue (NIR)—as reported	$	7,584	$	6,493	$	7,150	$	4,206	$	8,892		111%		17%
Markets NIR⁽³⁾		4,151		3,156		3,567		1,848		4,449
Citigroup NIR ex-Markets^(*)	$	3,433	$	3,337	$	3,583	$	2,358	$	4,443		88%		29%
Less:
Notable item—Russia HFS accounting treatment loss impact on revenues⁽⁴⁾		-		-		-		(1,192)		-
Citigroup NIR ex-Markets, excluding notable item(s) impact^(*)	$	3,433	$	3,337	$	3,583	$	3,550	$	4,443		25%		29%


Total Citigroup operating expenses

Total Citigroup operating expenses—as reported	$	13,425	$	13,577	$	14,290	$	13,840	$	14,311		3%		7%
Less:
Notable item—Mexico goodwill impairment charge impact on operating expenses⁽⁵⁾		-		-		726		-		-
Total Citigroup operating expenses, excluding notable item(s)^(*)	$	13,425	$	13,577	$	13,564	$	13,840	$	14,311		3%		7%


Total Citigroup revenues—as reported		21,596		21,668		22,090		19,871		24,633		24%		14%
Total Citigroup operating expenses—as reported	$	13,425	$	13,577	$	14,290	$	13,840	$	14,311		3%		7%
Total Citigroup efficiency ratio—as reported		62.2%		62.7%		64.7%		69.6%		58.1%		(1,150) bps		(410) bps
Less:
Notable item(s) impact(s) on revenues⁽²⁾		-		-		-		(1,173)		-
Total Citigroup revenues, excluding notable item(s)^(*)	$	21,596	$	21,668	$	22,090	$	21,044	$	24,633		17%		14%
Less:
Notable item(s) impact(s) on operating expenses⁽⁵⁾		-		-		726		-		-
Total Citigroup operating expenses, excluding notable item(s)^(*)	$	13,425	$	13,577	$	13,564	$	13,840	$	14,311		3%		7%
Total Citigroup efficiency ratio, excluding notable item(s)^(*)		62.2%		62.7%		61.4%		65.8%		58.1%		(770) bps		(410) 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 4 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)

1Q26 Increase/

(Decrease) from

2025

2026

4Q25

1Q25

Total Citigroup operating expenses

Total Citigroup other operating expenses⁽¹⁾—as reported

2,483

2,472

3,386

3,168

2,369

(25%)

(5%)

Less:

Notable item—Mexico goodwill impairment charge impact on other operating expenses⁽²⁾

726

Total Citigroup other operating expenses, excluding notable item(s)^(*)

2,483

2,472

2,660

3,168

2,369

(25%)

(5%)

Notable items adjustments

Total Citigroup net income—as reported

4,064

4,019

3,752

2,471

5,785

134%

42%

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)^(*)

4,064

4,019

4,466

3,594

5,785

61%

42%

Total Citigroup diluted EPS—as reported

1.96

1.86

1.19

3.06

157%

56%

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

69%

56%

Total Citigroup diluted EPS—as reported

1.96

1.86

1.19

3.06

157%

56%

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

69%

56%

Total Citigroup RoCE—as reported

8.0%

7.7%

7.1%

4.5%

11.5%

700 bps

350 bps

Less:

Notable item(s)⁽²⁾⁽³⁾

0 bps

(140) bps

(230) bps

0 bps

Total Citigroup RoCE, excluding notable items^(*)

8.0%

7.7%

8.5%

6.8%

11.5%

470 bps

350 bps

Total Citigroup RoTCE—as reported

9.1%

8.7%

8.0%

5.1%

13.1%

800 bps

400 bps

Less:

Notable item(s)⁽²⁾⁽³⁾

0 bps

(170) bps

(260) bps

0 bps

Total Citigroup RoTCE, excluding notable items^(*)

9.1%

8.7%

9.7%

7.7%

13.1%

540 bps

400 bps

All Other (managed basis)^(4)(*)

All Other revenues—managed basis^(*)

1,463

1,716

1,471

(208)

1,682

15%

Add:

Total divestiture-related impacts on revenues⁽⁵⁾

(177)

(1)

All Other revenues—U.S. GAAP

1,463

1,539

1,473

(209)

1,695

16%

All Other operating expenses—managed basis^(*)

2,226

2,277

2,169

2,026

2,144

(4%)

Add:

Total divestiture-related impacts on operating expenses⁽⁶⁾

766

All Other operating expenses—U.S. GAAP

2,260

2,314

2,935

2,066

2,175

(4%)

All Other provisions for credit losses—managed basis^(*)

359

374

331

449

400

(11%)

11%

Add:

Total divestiture-related impacts on provisions for credit losses

(11)

(3)

(1)

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

348

379

328

448

401

(10%)

15%

All Other EBIT—managed basis^(*)

(1,122)

(935)

(1,029)

(2,683)

(862)

68%

23%

Add:

Total divestiture-related impacts on revenues⁽⁵⁾

(177)

(1)

Total divestiture-related impacts on operating expenses⁽⁶⁾

(34)

(37)

(766)

(40)

(31)

Total divestiture-related impacts on provisions for credit losses

(5)

(1)

All Other EBIT—U.S. GAAP

(1,145)

(1,154)

(1,790)

(2,723)

(881)

68%

23%

*	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 4 on page 14 for details.

(3)	See footnote 4 on page 12 for details.

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

(5)	See footnote 2 on page 14 for details.

(6)	See footnotes 2, 3, 4, 5, and 6 on page 14 for details.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 26

Reconciliation of Adjusted Results (Page 3)

(In millions of dollars, except as otherwise noted)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25
All Other (managed basis)^(1)(*)

All Other net income (loss)—managed basis	$	(856)	$	(552)	$	(756)	$	(2,290)	$	(494)		78%		42%
Add:
Total divestiture-related impacts on revenue⁽²⁾		-		(177)		2		(1)		13
Total divestiture-related impacts on operating expenses⁽³⁾		(34)		(37)		(766)		(40)		(31)
Total divestiture-related impacts on provisions for credit losses		11		(5)		3		1		(1)
Total divestiture-related impacts on income taxes		8		39		(16)		(70)		7
All Other net income (loss)—U.S. GAAP	$	(871)	$	(732)	$	(1,533)	$	(2,400)	$	(506)		79%		42%

Legacy Franchises (LF) (managed basis)^(1)(*)

Legacy Franchises revenues (managed basis)—as reported	$	1,621	$	1,691	$	1,871	$	329	$	2,161		NM		33%
Less:
Notable item—portion of Russia HFS accounting treatment loss impact on LF revenues⁽⁴⁾		-		-		-		(1,556)		-
LF revenues, excluding notable item(s) impact^(*)	$	1,621	$	1,691	$	1,871	$	1,885	$	2,161		15%		33%

LF revenues—managed basis^(*)	$	1,621	$	1,691	$	1,871	$	329	$	2,161		NM		33%
Add:
Total divestiture-related impacts on revenues⁽²⁾		-		(177)		2		(1)		13
LF revenues—U.S. GAAP	$	1,621	$	1,514	$	1,873	$	328	$	2,174		NM		34%

LF operating expenses—managed basis^(*)	$	1,334	$	1,287	$	1,320	$	1,222	$	1,324		8%		(1%)
Add:
Total divestiture-related impacts on operating expenses⁽³⁾		34		37		766		40		31
LF operating expenses—U.S. GAAP	$	1,368	$	1,324	$	2,086	$	1,262	$	1,355		7%		(1%)

LF provisions for credit losses—managed basis^(*)	$	358	$	371	$	327	$	447	$	409		(9%)		14%
Add:
Total divestiture-related impacts on provisions for credit losses		(11)		5		(3)		(1)		1
LF provisions for credit losses—U.S. GAAP	$	347	$	376	$	324	$	446	$	410		(8%)		18%

LF EBIT—managed basis^(*)	$	(71)	$	33	$	224	$	(1,340)	$	428		NM		NM
Add:
Total divestiture-related impacts on revenue⁽²⁾		-		(177)		2		(1)		13
Total divestiture-related impacts on operating expenses⁽³⁾		(34)		(37)		(766)		(40)		(31)
Total divestiture-related impacts on provisions for credit losses		11		(5)		3		1		(1)
LF EBIT—U.S. GAAP	$	(94)	$	(186)	$	(537)	$	(1,380)	$	409		NM		NM

LF net income (loss)—managed basis^(*)	$	(60)	$	60	$	155	$	(1,496)	$	177		NM		NM
Add:
Total divestiture-related impacts on revenue⁽²⁾		-		(177)		2		(1)		13
Total divestiture-related impacts on operating expenses⁽³⁾		(34)		(37)		(766)		(40)		(31)
Total divestiture-related impacts on provisions for credit losses		11		(5)		3		1		(1)
Total divestiture-related impacts on income taxes		8		39		(16)		(70)		7
LF net income (loss)—U.S. GAAP	$	(75)	$	(120)	$	(622)	$	(1,606)	$	165		NM		NM

*	Represents a non-GAAP financial measure.

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

(2)	See footnote 2 on page 14 for details.

(3)	See footnotes 2, 3, 4, 5, and 6 on page 14 for details.

(4)	See footnote 4 on page 12 for details.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 27

Reconciliation of Adjusted Results (Page 4)

(In millions of dollars, except as otherwise noted)


											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Services

Services revenues—as reported	$	5,204	$	5,430	$	5,730	$	6,272	$	6,103		(3%)		17%
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues⁽¹⁾		-		-		-		356		-
Services revenues, excluding notable item(s) impact^(*)	$	5,204	$	5,430	$	5,730	$	5,916	$	6,103		3%		17%


Services non-interest revenue (NIR)—as reported	$	1,706	$	1,800	$	1,907	$	2,222	$	1,960		(12%)		15%
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues⁽¹⁾		-		-		-		356		-
Services NIR, excluding notable item(s) impact^(*)	$	1,706	$	1,800	$	1,907	$	1,866	$	1,960		5%		15%


Banking—Corporate Lending revenues

Banking—Corporate Lending revenues—as reported	$	416	$	361	$	409	$	417	$	441		6%		6%
Gain (loss) on loan hedges⁽²⁾		14		(62)		(44)		(26)		50
Banking—Corporate Lending revenues—excluding gain (loss) on loan hedges^(*)	$	402	$	423	$	453	$	443	$	391		(12%)		(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)

1Q26 Increase/

(Decrease) from

2025

2026

4Q25

1Q25

 

Total Citigroup revenues

Total Citigroup revenues—as reported

21,596

21,668

22,090

19,871

24,633

24%

14%

Less:

Total divestiture-related impacts on revenues⁽²⁾

(177)

(1)

Notable item—Russia HFS accounting treatment loss impact on revenues⁽³⁾

(1,173)

Total Citigroup revenues, excluding divestitures impacts and Russia loss^(*)

21,596

21,845

22,088

21,045

24,620

17%

14%

Total Citigroup operating expenses—as reported

13,425

13,577

14,290

13,840

14,311

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)(*)

13,371

13,560

13,571

13,991

14,280

Total Citigroup operating expenses—as reported

13,425

13,577

14,290

13,840

14,311

Less:

Goodwill impairment⁽⁶⁾

726

Total Citigroup operating expenses, excluding goodwill impairment^(*)

13,425

13,577

13,564

13,840

14,311

Total Citigroup RoCE and RoTCE

Total Citigroup RoCE—as reported

8.0%

7.7%

7.1%

4.5%

11.5%

700 bps

350 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^(*)

8.0%

7.7%

7.1%

6.8%

11.5%

470 bps

350 bps

Total Citigroup RoTCE—as reported

9.1%

8.7%

8.0%

5.1%

13.1%

800 bps

400 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^(*)

9.1%

8.7%

8.0%

7.7%

13.1%

540 bps

400 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 4 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)

											1Q26 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2025		2025		2025		2025		2026		4Q25		1Q25

Legacy Franchises (LF) exits contribution⁽¹⁾

Revenues

Closed or signed markets revenues—Ex-divestitures	$	108	$	118	$	122	$	(1,456)	$	77		NM		(29%)
Add:
Divestiture-related impacts on closed or signed markets revenues		-		(177)		2		(1)		13
Closed or signed markets revenues—U.S. GAAP	$	108	$	(59)	$	124	$	(1,457)	$	90		NM		(17%)

Mexico Consumer/SBMM revenues—Ex-divestitures	$	1,467	$	1,536	$	1,722	$	1,775	$	2,054		16%		40%
Add:
Divestiture-related impacts on Mexico/SBMM		-		-		-		-		-
Mexico Consumer/SBMM revenues—U.S. GAAP	$	1,467	$	1,536	$	1,722	$	1,775	$	2,054		16%		40%

Wind-downs/sale/other revenues—Ex-divestitures	$	46	$	37	$	27	$	10	$	30		200%		(35%)
Add:
Divestiture-related impacts on wind-downs/sale/other revenues		-		-		-		-		-
Wind-downs/sale/other revenues—U.S. GAAP	$	46	$	37	$	27	$	10	$	30		200%		(35%)

Expenses

Closed or signed markets expenses—Ex-divestitures	$	135	$	161	$	133	$	108	$	75		(31%)		(44%)
Add:
Divestiture-related impacts on closed or signed markets expenses		10		7		4		8		5
Closed or signed markets expenses—U.S. GAAP	$	145	$	168	$	137	$	116	$	80		(31%)		(45%)

Mexico Consumer/SBMM expenses—Ex-divestitures	$	1,039	$	954	$	1,013	$	928	$	1,157		25%		11%
Add:
Divestiture-related impacts on Mexico/SBMM		21		30		759		34		24
Mexico Consumer/SBMM expenses—U.S. GAAP	$	1,060	$	984	$	1,772	$	962	$	1,181		23%		11%

Wind-downs/sale/other expenses—Ex-divestitures	$	160	$	172	$	174	$	186	$	92		(51%)		(43%)
Add:
Divestiture-related impacts on wind-downs/sale/other expenses		3		-		3		(2)		2
Wind-downs/sale/other expenses—U.S. GAAP	$	163	$	172	$	177	$	184	$	94		(49%)		(42%)

(1)

For this presentation, AO Citibank (Russia) has been classified as “Closed or signed markets” for all periods presented. Citi’s 4Q25 Financial Data Supplement (issued on January 14, 2026) had AO Citibank (Russia) classified as “Wind-down/sale/other” because the sale of AO Citibank (Russia) was not signed and closed until February 18, 2026.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 30


			Exhibit 99.3

Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class	Ticker Symbol(s)	Title for iXBRL	Name of each exchange on which registered

Common Stock, par value $.01 per share	C	Common Stock, par value $.01 per share	New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 6.250% Noncumulative Preferred Stock, Series II	C PR R	Dep Shs, represent 1/1,000th interest in a share of 6.250% Noncum Pref Stk, Ser II	New York Stock Exchange
7.625% Trust Preferred Securities of Citigroup Capital III (and registrant’s guaranty with respect thereto)	C/36Y	7.625% TRUPs of Cap III (and registrant’s guaranty)	New York Stock Exchange
7.875% Fixed Rate / Floating Rate Trust Preferred Securities (TruPS^®) of Citigroup Capital XIII (and registrant’s guaranty with respect thereto)	C N	7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Callable Fixed Rate Notes Due April 26, 2028 of CGMHI (and registrant’s guaranty with respect thereto)	C/28	MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 17, 2026 of CGMHI (and registrant’s guaranty with respect thereto)	C/26	MTN, Series N, Floating Rate Notes Due Sept 2026 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 15, 2028 of CGMHI (and registrant’s guaranty with respect thereto)	C/28A	MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due October 6, 2028 of CGMHI (and registrant’s guaranty with respect thereto)	C/28B	MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due March 21, 2029 of CGMHI (and registrant’s guaranty with respect thereto)	C/29A	MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)	New York Stock Exchange