Form 8-K

8-K — CITIGROUP INC

Accession: 0001104659-26-115323

Filed: 2026-10-13

Period: 2026-10-13

CIK: 0000831001

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — c-20261013x8k.htm (Primary)

EX-99.1 (c-ex99d1.htm)

EX-99.2 (c-ex99d2.htm)

EX-99.3 (c-20261013xex99d3.htm)

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8-K

8-K (Primary)

Filename: c-20261013x8k.htm · Sequence: 1

Citigroup Inc._October 13, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 13, 2026

Citigroup Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-9924

52-1568099

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

388 Greenwich Street, New York,

(Address of principal executive offices)

10013

(Zip Code)

(212) 559-1000

(Registrant's telephone number,

including area code)

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

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

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

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

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

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

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

Emerging growth company ☐

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

CITIGROUP INC.

Current Report on Form 8-K

Item 2.02 Results of Operations and Financial Condition.

On October 13, 2026, Citigroup Inc. announced its results for the quarter ended September 30, 2026. A copy of the related press release, filed as Exhibit 99.1 to this Form 8-K, is incorporated herein by reference. The quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities under that Section. The information included in Exhibit 99.1, other than in the quotation, shall be deemed “filed” for purposes of the Act.

In addition, a copy of the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended September 30, 2026 is being furnished as Exhibit 99.2 to this Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Act or otherwise subject to the liabilities under that Section.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

99.1

Citigroup Inc. press release dated October 13, 2026.

99.2

Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended September 30, 2026.

99.3

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

104.1

See the cover page of this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CITIGROUP INC.

Dated: October 13, 2026

By:

/s/ Nicole Giles

Nicole Giles

Controller and Chief Accounting Officer

(Principal Accounting Officer)

EX-99.1

Filename: c-ex99d1.htm · Sequence: 2

Exhibit 99.1

For Immediate Release

Citigroup Inc. (NYSE: C)

OCTOBER 13, 2026

THIRD QUARTER 2026 RESULTS AND KEY METRICS

CHAIR AND CEO

COMMENTARY

Citi Chair and CEO Jane Fraser said, “Our performance in the quarter, which included the best third-quarter revenue in a decade, positive operating leverage and meaningful improvement in our returns, reflects the continued disciplined and consistent execution of our strategy.

“Services delivered another standout quarter, up 15%, with momentum in every driver. Equities rose 14% on strong performance in Asia and Prime, while FX and Spread Products drove overall growth of 6% in Markets. Banking also grew 6%, with particular strength in ECM, where we participated in the quarter's six largest transactions. Wealth saw steady, broad-based growth across all three businesses, with a return of over 14% — well above last year. In U.S. Consumer Cards, we had solid momentum in General Purpose cards, which drove loan growth and a return that exceeded 21%.

“We returned over $4 billion to common shareholders while continuing to invest in growth and prepare for an AI-driven future. We expect to exceed this year's return target, even as we pull forward investments toward our 11-13% near-term goal —the next waypoints on our path to sustainable returns of 14-15%,” Ms. Fraser concluded.

EPS UP 53% AS REPORTED; UP 27% EX-NOTABLE ITEM(3)

RETURNED $4.1 BILLION IN THE FORM OF COMMON SHARE REPURCHASES AND COMMON DIVIDENDS

PAYOUT RATIO OF 85%(4)

COMMON EQUITY TIER 1 CAPITAL RATIO OF 12.8%(5)

BOOK VALUE PER SHARE OF $115.61

TANGIBLE BOOK VALUE PER SHARE OF $101.59(6)

New York, October 13, 2026 – Citigroup Inc. today reported net income for the third quarter 2026 of $5.2 billion, or $2.85 per diluted share, on revenues of $23.8 billion. This compares to net income of $3.8 billion, or $1.86 per diluted share, on revenues of $22.1 billion for the third quarter 2025.

As previously disclosed(3), third quarter results in the prior-year period included a notable item consisting of a goodwill impairment of $726 million ($714 million after-tax), recorded in operating expenses, related to Citi’s agreement to sell a 25% equity stake in Grupo Financiero Banamex, S.A. de C.V. (Banamex).

Revenues increased 8% from the prior-year period, driven by growth in Services, Wealth, Markets and Banking, partially offset by a decline in All Other.

Net income was $5.2 billion, compared to $3.8 billion in the prior-year period on a reported basis, driven by higher revenues and lower expenses, partially offset by a higher provision for credit losses. Excluding the notable item, net income in the prior-year period was $4.5 billion(3).

Earnings per share of $2.85 increased from $1.86 per diluted share in the prior-year period on a reported basis, reflecting higher net income and a lower share count due to share repurchases. Excluding the notable item, earnings per share in the prior-year period was $2.24(3).

Percentage comparisons throughout this press release are calculated for the third quarter 2026 versus the third quarter 2025, unless otherwise specified.

Third Quarter Financial Results

Citigroup

($ in millions, except per share amounts and as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Total revenues, net of interest expense

23,845

24,766

22,090

(4)%

Total operating expenses

13,952

14,215

14,290

(2)%

Net credit losses

2,217

2,404

2,214

(8)%

Net ACL build / (release)(a)

333

102

145

226%

130%

Other provisions(b)

125%

(60)%

Total provision for credit losses

2,586

2,522

2,450

Income (loss) from continuing operations before taxes

7,307

8,029

5,350

(9)%

37%

Provision for income taxes

1,887

2,005

1,559

(6)%

21%

Income (loss) from continuing operations

5,420

6,024

3,791

(10)%

43%

Income (loss) from discontinued operations, net of taxes

(1)

100%

Net income attributable to non-controlling interest

175

193

(9)%

361%

Citigroup’s net income (loss)

5,245

5,831

3,752

(10)%

40%

EOP loans ($B)

820

794

734

12%

Average loans ($B)

809

785

725

12%

EOP assets ($B)

2,941

2,895

2,642

11%

EOP deposits ($B)

1,505

1,493

1,384

Average deposits ($B)

1,528

1,504

1,382

11%

Book value per share

115.61

114.74

108.41

Tangible book value per share(c)

101.59

100.89

95.72

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

12.8%

13.3%

Supplementary Leverage ratio (SLR)(d)

5.0%

5.2%

5.5%

Return on average common equity (ROE)(e)

10.1%

11.4%

7.1%

(130) bps

300 bps

Return on average tangible common equity (RoTCE)(f)

11.5%

13.0%

8.0%

(150) bps

350 bps

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

58.5%

57.4%

64.7%

110 bps

(620) bps

(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.

(b) Includes provisions on policyholder benefits and claims, Other Assets, and HTM debt securities.

(d) For additional information, please refer to Footnote 5.

(e) For additional information, please refer to Footnote 1.

(f) RoTCE is a non-GAAP financial measure. For additional information, please refer to Footnote 2.

Citigroup

Citigroup revenues of $23.8 billion in the third quarter 2026 increased 8%, driven by growth in Services, Wealth, Markets and Banking, partially offset by a decline in All Other. Net interest income increased 14%, driven by growth in Markets, Services, Wealth and U.S. Consumer Cards (USCC), partially offset by declines in All Other and Banking. Non-interest revenue decreased 4%, driven by declines in Markets and USCC, largely offset by growth in All Other, Services, Banking and Wealth.

Citigroup operating expenses of $14.0 billion were down 2% on a reported basis, driven by the absence of the notable item as well as lower professional services expenses, partially offset by higher transactional and product servicing expenses, deposit insurance costs, compensation and benefits as well as the contribution to the Citi Foundation. Excluding the notable item in the prior-year period, expenses were up 3%(3).

Citigroup provision for credit losses was $2.6 billion, reflecting $2.2 billion of net credit losses and a net reserve build of $369 million, driven by changes in the macroeconomic outlook and portfolio growth. Net credit losses were unchanged from the prior-year period. The provision in the prior-year period was $2.5 billion, reflecting $2.2 billion of net credit losses and a net reserve build of $236 million, driven by portfolio growth and transfer risk, partially offset by changes in the macroeconomic outlook.

Citigroup net income was $5.2 billion in the third quarter 2026, compared to net income of $3.8 billion in the prior-year period on a reported basis, driven by higher revenues and lower expenses, partially offset by a higher provision for credit losses. Excluding the notable item, net income in the prior-year period was $4.5 billion(3). Citigroup’s effective tax rate was approximately 26% in the third quarter 2026 compared to 29% in the third quarter 2025.

Citigroup’s total allowance for credit losses was $22.4 billion at quarter end, compared to $23.8 billion at the end of the prior-year period. Total ACL on loans was $20.1 billion at quarter end, compared to $19.2 billion at the end of the prior-year period, with a reserve-to-funded loan ratio of 2.5%, down from 2.7% in the prior-year period. Total non-accrual loans decreased $0.4 billion, or 12%, from the prior-year period to $3.3 billion. Corporate non-accrual loans decreased $0.3 billion, or 16%, from the prior-year period to $1.7 billion, driven by upgrades and repayments in Markets, partially offset by idiosyncratic downgrades in Services. Consumer non-accrual loans decreased $0.1 billion, or 5%, from the prior-year period to $1.5 billion, driven by Wealth, partially offset by Legacy Franchises, in All Other.

Citigroup’s end-of-period loans were $820 billion at quarter end, up 12% versus the prior-year period, driven by growth in Markets, USCC, Wealth, Banking and Services. Citigroup’s average loans were $809 billion in the third quarter 2026, up 12% versus the prior-year period, primarily driven by growth in Markets, Services, USCC and Wealth.

Citigroup’s end-of-period deposits were approximately $1.5 trillion at quarter end, up 9% versus the prior-year period, driven by growth in Services. Citigroup’s average deposits were approximately $1.5 trillion in the third quarter 2026, up 11% versus the prior-year period, driven by growth in Services.

Citigroup’s book value per share of $115.61 at quarter end increased 7% versus the prior-year period, and tangible book value per share of $101.59(6) at quarter end increased 6% versus the prior-year period. During the quarter, Citigroup returned $4.1 billion to common shareholders in the form of share repurchases and dividends.

Citigroup’s preliminary CET1 Capital ratio(5) was 12.8% at quarter end, unchanged from the end of the prior quarter, driven by net income and lower deduction from DTA and other, offset by common share repurchases, the payment of common and preferred dividends and unrealized losses on AFS securities.

Citigroup’s Supplementary Leverage ratio(5) for the third quarter 2026 was 5.0%, versus 5.2% at the end of the prior quarter.

Services

($ in millions, except as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Net interest income

3,671

3,541

3,121

18%

Non-interest revenue

1,231

1,198

1,099

12%

Treasury and Trade Solutions

4,902

4,739

4,220

16%

Net interest income

801

750

702

14%

Non-interest revenue

911

893

808

13%

Securities Services

1,712

1,643

1,510

13%

Total Services revenues

6,614

6,382

5,730

15%

Total operating expenses

2,976

2,803

2,707

10%

Net credit losses

(40)%

(73)%

Net ACL build / (release)(a)

(12)

Other provisions(b)

(17)

Total provision for credit losses

(26)

Net income

2,637

2,584

2,081

27%

Services Key Statistics and Metrics ($B)

Allocated Average TCE(c)

RoTCE(c)

31.2%

30.9%

25.0%

30 bps

620 bps

Average loans

107

103

14%

Average deposits

1,037

1,017

893

16%

Cross border transaction value(d)

116

115

105

10%

U.S. dollar clearing volume (#MM)(e)

Commercial card spend volume(f)

10%

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

16%

(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.

(b) Includes provisions on Other Assets.

(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) 3Q'26 is preliminary.

Services

Services revenues of $6.6 billion were up 15%, driven by growth in Treasury and Trade Solutions and Securities Services. Net interest income increased 17%, driven by higher average deposit balances and deposit spreads. Non-interest revenue increased 12%, driven by higher fees.

Treasury and Trade Solutions revenues of $4.9 billion were up 16%, driven by an 18% 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 driven by higher fees and underlying drivers, including cross-border transaction value up 10%, commercial card spend volume up 10% and U.S. dollar clearing volume up 5%, as well as a more favorable impact from currency devaluation in Argentina.

Securities Services revenues of $1.7 billion were up 13%, driven by a 13% increase in non-interest revenue and a 14% increase in net interest income. The increase in non-interest revenue was driven by higher fees, which benefited from a 16% increase in assets under custody and administration, which includes new assets onboarded as well as the impact of market valuations, partially offset by a mark-to-market gain in the prior-year period. The increase in net interest income was driven by higher average deposit balances.

Services operating expenses of $3.0 billion increased 10%, primarily driven by higher compensation, including higher severance, performance-related and other compensation, transactional expenses and other volume and revenue-related expenses.

Services provision for credit losses was a benefit of $26 million, reflecting a net reserve release of $29 million, driven by refinements to certain loss assumptions, and $3 million of net credit losses. The provision in the prior-year period was $61 million, reflecting a net reserve build of $50 million, driven by transfer risk, and $11 million of net credit losses.

Services net income of $2.6 billion increased 27%.

Markets

($ in millions, except as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Rates and currencies

2,965

3,247

2,963

(9)%

Spread products / other fixed income

1,421

1,459

1,262

(3)%

13%

Fixed Income markets

4,386

4,706

4,225

(7)%

Equity markets

1,727

2,301

1,520

(25)%

14%

Total Markets revenues

6,113

7,007

5,745

(13)%

Total operating expenses

3,750

3,784

3,490

(1)%

Net credit losses (recoveries)

(2)

(10)

80%

Net ACL build / (release)(a)

127

(31)

(28)%

Other provisions(b)

(13)

(8)

(5)

(63)%

(160)%

Total provision for credit losses

109

(29)%

141%

Net income

1,743

2,387

1,702

(27)%

Markets Key Statistics and Metrics ($B)

Allocated Average TCE(c)

RoTCE(c)

12.3%

17.0%

12.6%

(470) bps

(30) bps

Average trading account assets

614

603

555

11%

Average loans

191

176

147

30%

Average VaR ($ in MM)(d)

129

122

117

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 HTM debt securities.

(d) VaR estimates, at a 99% confidence level, the potential decline in the value of a position or a portfolio under normal market conditions assuming a one-day holding period. VaR statistics, which are based on historical data, can be materially different across firms due to differences in portfolio composition, VaR methodologies and model parameters.

Markets

Markets revenues of $6.1 billion increased 6%, driven by growth in Equity markets and Fixed Income markets revenues.

Fixed Income markets revenues of $4.4 billion increased 4%, driven by growth in spread products and other fixed income. Rates and currencies revenues were unchanged, driven by revenue growth in the foreign exchange business on higher volumes, offset by lower revenues in rates. Spread products and other fixed income revenues increased 13%, driven by growth in spread products financing revenues.

Equity markets revenues of $1.7 billion increased 14%, driven by growth in prime services, with prime balances(7) up over 40%, which includes the impact of new balances onboarded as well as market valuations, partially offset by a decline in derivatives revenues.

Markets operating expenses of $3.8 billion increased 7%, driven by higher transactional expenses and compensation, including higher performance-related and other compensation as well as severance.

Markets provision for credit losses was $77 million, reflecting a net reserve build of $79 million, driven by portfolio growth and changes in the macroeconomic outlook, and $2 million of net credit recoveries. The provision in the prior-year period was $32 million, reflecting $68 million of net credit losses and a net reserve release of $36 million, driven by reserve releases related to charge-offs in spread products.

Markets net income of $1.7 billion increased 2%.

Banking

($ in millions, except as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Investment Banking

1,350

1,548

1,238

(13)%

Corporate Lending(a)

382

406

453

(6)%

(16)%

Total Banking revenues(a)

1,732

1,954

1,691

(11)%

Gain / (loss) on loan hedges(8)

(32)

(44)

Total Banking revenues including gain/(loss) on loan hedges(8)

1,741

1,922

1,647

(9)%

Total operating expenses

1,225

1,212

1,139

Net credit losses

138

(69)%

378%

Net ACL build / (release)(b)

(5)

100

136

Other provisions(c)

(15)

Total provision for credit losses

242

157

(90)%

(85)%

Net income

378

350

270

40%

Banking Key Statistics and Metrics

Allocated Average TCE(d) ($B)

(15)%

RoTCE(d)

19.2%

18.0%

11.6%

120 bps

760 bps

Average loans ($B)

(3)%

Advisory

406

390

425

(4)%

Equity underwriting

343

426

194

(19)%

77%

Debt underwriting

601

732

619

(18)%

(3)%

Investment Banking revenues

1,350

1,548

1,238

(13)%

(a) Excludes gain / (loss) on credit derivatives as well as the mark-to-market on loans at fair value. For additional information, see Footnote 8.

(b) Includes credit reserve build / (release) for loans and provision for credit losses on unfunded lending commitments.

(d) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.

Banking

Banking revenues of $1.7 billion increased 6%, driven by growth in Investment Banking and gains on loan hedges, partially offset by a decline in Corporate Lending, excluding gain/(loss) on loan hedges (8).

Investment Banking revenues of $1.4 billion increased 9%, driven by growth in Equity Capital Markets (ECM), partially offset by declines in Advisory and Debt Capital Markets (DCM). ECM revenues increased 77%, as the business gained share in follow-ons and convertibles. Advisory revenues decreased 4%, amid a lower wallet. DCM revenues decreased 3%, driven by a decline in investment grade, primarily offset by growth in leveraged finance.

Corporate Lending revenues of $382 million, excluding gain/(loss) on loan hedges(8), decreased 16%, driven by lower loan spreads, partially offset by higher average loan balances and commitments.

Banking operating expenses of $1.2 billion increased 8%, driven by higher compensation, including performance-related compensation and continued investments in the business.

Banking provision for credit losses was $23 million, reflecting $43 million of net credit losses and a net reserve release of $20 million, driven by changes in credit quality and transfer risk, largely offset by portfolio growth. The provision in the prior-year period was $157 million, reflecting a net reserve build of $148 million, driven by changes in portfolio composition, including portfolio growth, and $9 million of net credit losses.

Banking net income of $378 million increased 40%.

Wealth

($ in millions, except as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Citigold and Retail Banking

2,275

2,181

1,969

16%

Private Bank

766

769

656

17%

Wealth at Work

228

227

214

Total revenues, net of interest expense

3,269

3,177

2,839

15%

Total operating expenses

2,438

2,377

2,375

Net credit losses

23%

(23)%

Net ACL build / (release)(a)

(17)

Other provisions(b)

(1)

100%

Total provision for credit losses

102

73%

40%

Net income

585

583

303

93%

Wealth Key Statistics and Metrics ($B)

Allocated Average TCE(c)

RoTCE(c)

14.3%

14.4%

7.8%

(10) bps

650 bps

Client investment assets(d)

759

727

660

15%

Deposits

419

415

408

Loans

210

208

202

EOP client balances

1,388

1,350

1,270

Net New Investment Assets (NNIA)(e)

143%

105%

(a) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.

(b) Includes provisions on Other Assets.

(d) 3Q'26 Client investment assets are preliminary. Includes assets under management, trust and custody assets. Starting in 1Q'26, Client investment assets include an additional $10B associated with the value of client insurance policies that were not previously reported.

(e) 3Q'26 Net new investment assets are preliminary. Represents investment asset inflows, including dividends, interest and distributions, less investment asset outflows.

Wealth

Wealth revenues of $3.3 billion increased 15%, driven by growth across all businesses. Net interest income of $2.3 billion increased 20%, driven by higher deposit spreads and average deposit balances, partially offset by lower mortgage spreads. Non-interest revenue of $1.0 billion increased 5%, largely driven by higher investment fee revenues, with growth in client investment assets of 15%, which includes the impact of new assets onboarded as well as market valuations.

Citigold and Retail Banking revenues of $2.3 billion increased 16%, driven by higher deposit spreads.

Private Bank revenues of $766 million increased 17%, primarily driven by higher deposit spreads and average deposit balances.

Wealth at Work revenues of $228 million increased 7%, driven by higher deposit spreads and average deposit balances, primarily offset by lower mortgage spreads.

Wealth operating expenses of $2.4 billion increased 3%, driven by higher compensation, including performance-related and other compensation as well as severance.

Wealth provision for credit losses was $102 million, reflecting $70 million of net credit losses, driven by Citigold and Retail Banking, and a net reserve build of $32 million, driven by portfolio growth and changes in the macroeconomic outlook. The provision in the prior-year period was $73 million, reflecting $91 million of net credit losses and a net reserve release of $18 million, driven by reserve releases related to write-downs.

Wealth net income of $585 million increased 93%.

USCC(a)

($ in millions, except as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Net interest income

5,422

5,180

5,124

Non-interest revenue

(758)

(659)

(468)

(15)%

(62)%

Total revenues, net of interest expense

4,664

4,521

4,656

Total operating expenses

1,682

1,794

1,644

(6)%

Net credit losses

1,670

1,850

1,741

(10)%

(4)%

Net ACL build / (release)(b)

207

(232)

276%

Other provisions(c)

(67)%

Total provision for credit losses

1,878

1,618

1,799

16%

Net income

851

852

929

(8)%

USCC Key Statistics and Metrics ($B)

Allocated Average TCE(d)

(24)%

RoTCE(d)

21.8%

22.0%

18.2%

(20) bps

360 bps

Average loans

181

177

171

U.S. credit card spend volume

175

176

157

11%

New credit cards account acquisitions (in thousands)(e)

3,081

5,376

3,211

(43)%

(4)%

(a) 3Q’26 and 2Q’26 results, balances and metrics include the impact from the additional American Airlines co-branded card portfolio onboarded in the second quarter of 2026.

(b) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.

(d) TCE and RoTCE are non-GAAP financial measures. For additional information, refer to Footnote 2.

(e) New credit cards account acquisitions represents the number of new credit card accounts opened or acquired.

U.S. Consumer Cards (USCC)

USCC revenues of $4.7 billion were unchanged, driven by an increase in net interest income, offset by a decline in non-interest revenue. Net interest income increased 6%, driven by higher interest - earning balances. Non-interest revenue decreased 62%, driven by higher partner payment accruals and rewards costs, partially offset by higher interchange and annual fees.

USCC operating expenses of $1.7 billion increased 2%, driven by higher transactional expenses as well as advertising and marketing expenses, largely offset by lower compensation, including lower salaries and benefits, performance-related compensation and severance.

USCC provision for credit losses was $1.9 billion, reflecting $1.7 billion of net credit losses and a net reserve build of $208 million, primarily driven by changes in the macroeconomic outlook. Net credit losses were down 4% from the prior-year period, primarily driven by improved credit performance in private label credit cards. The provision in the prior-year period was $1.8 billion, reflecting $1.7 billion of net credit losses and a net reserve build of $58 million, driven by changes in portfolio quality and higher volume, largely offset by changes in the macroeconomic outlook.

USCC net income of $851 million decreased 8%.

All Other (Managed Basis)(a)(b)

($ in millions, except as otherwise noted)

3Q’26

2Q’26

3Q’25

QoQ%

YoY%

Legacy Franchises (managed basis)

1,847

2,053

1,871

(10)%

(1)%

Corporate / Other

(415)

(316)

(400)

(31)%

(4)%

Total revenues

1,432

1,737

1,471

(18)%

(3)%

Total operating expenses

1,874

2,220

2,169

(16)%

(14)%

Net credit losses

433

366

297

18%

46%

Net ACL build / (release)(c)

(68)%

90%

Other provisions(d)

233%

Total provision for credit losses

532

438

331

21%

61%

Income (loss) from continuing operations

(809)

(761)

(752)

(6)%

(8)%

Income (loss) from discontinued operations, net of taxes

(1)

100%

Noncontrolling interests

146

162

(10)%

Net (loss)

(955)

(923)

(756)

(3)%

(26)%

All Other Key Statistics and Metrics ($B)

Allocated Average TCE(e)

(1)%

(4)%

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

(b) Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi’s divestitures of its Asia consumer banking businesses and Mexico Consumer/SBMM within Legacy Franchises. For additional information, please refer to Footnote 9.

(c) Includes credit reserve build / (release) for loans and provision / (release) for credit losses on unfunded lending commitments.

(d) Includes provisions on policyholder benefits and claims, Other Assets and HTM debt securities.

(e) TCE is a non-GAAP financial measure. For additional information, refer to Footnote 2.

All Other (Managed Basis)(9)

All Other (managed basis) revenues of $1.4 billion decreased 3%, driven by declines in Legacy Franchises and Corporate/Other.

Legacy Franchises (managed basis)(9) revenues of $1.8 billion decreased 1%, driven by continued lower revenues from closed exit and wind–down markets, offset by growth in Mexico, including momentum in the underlying businesses and the impact of Mexican peso appreciation.

Corporate/Other revenues of $(415) million decreased from $(400) million in the prior-year period, driven by lower net interest income, reflecting higher asset and liability management impacts, offset by higher non-interest revenue, primarily driven by the impact of valuation adjustments on certain investments and positions.

All Other (managed basis) expenses of $1.9 billion decreased 14%, driven by lower transformation expenses and lower expenses related to exits and wind-downs, partially offset by the impact of Mexican peso appreciation and the contribution to the Citi Foundation.

All Other (managed basis) provision for credit losses was $532 million, reflecting $433 million of net credit losses and a net reserve build of $99 million, primarily driven by policyholder benefits and claims in Mexico Consumer. Net credit losses were up 46% from the prior-year period, driven by higher volume and portfolio seasoning in Mexico Consumer. The provision in the prior-year period was $331 million, reflecting $297 million of net credit losses and a net reserve build of $34 million, driven by higher volume and changes in portfolio quality, largely offset by changes in the macroeconomic outlook.

All Other (managed basis) net loss was $(955) million, compared to $(756) million in the prior-year period.

Citigroup will host a conference call today at 11:00 AM (ET). A live webcast of the presentation, as well as financial results and presentation materials, will be available at https://www.citigroup.com/global/investors. The live webcast of the presentation can also be accessed at https://citi-third-quarter-2026-earnings-results.open-exchange.net/registration.

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 Third Quarter 2026 Quarterly Financial Data Supplement are available on Citigroup’s website at www.citigroup.com.

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Certain statements in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. These factors include, among others, macroeconomic, geopolitical and other challenges and uncertainties, including higher interest rates, elevated inflation and conflicts in the Middle East; and the precautionary statements included in this release. These factors also consist of those contained in Citigroup's filings with the U.S. Securities and Exchange Commission, including without limitation the “Risk Factors” section of Citigroup’s 2025 Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Contacts:

Investors: Margo Pilic (investorrelations@citi.com)

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

(1) Ratios as of September 30, 2026 are preliminary. Citigroup’s return on average common stockholders’ equity (ROE) is calculated using net income less preferred stock dividends divided by average common stockholders’ equity.

(2) Ratios as of September 30, 2026 are preliminary. Citigroup’s allocated average tangible common equity (TCE) and return on average tangible common equity (RoTCE) are non-GAAP financial measures. RoTCE represents annualized net income available to common shareholders as a percentage of average TCE. For the components of these calculations and for a reconciliation of common equity to TCE, refer to the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended September 30, 2026 (the 3Q26 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 October 13, 2026.

As used herein, forward-looking estimates or targets for RoTCE are forward-looking non-GAAP financial measures. 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) For additional information on the notable item, see Citi’s Current Report on Form 8-K filed on September 24, 2025 with the U.S. Securities and Exchange Commission. Results of operations excluding the impact of the notable item is a non-GAAP financial measure. Citi believes the presentation of its results of operations and financial condition excluding the notable item provides a meaningful depiction of the underlying fundamentals of its broader results for investors, industry analysts and others. For a reconciliation to reported results, refer to the 3Q26 Financial Supplement.

(4) Citigroup’s payout ratio is the sum of common dividends and common share repurchases divided by net income available to common shareholders.

(5) Ratios as of September 30, 2026 are preliminary. For the composition of Citigroup’s CET1 Capital and ratio and Citigroup’s Supplementary Leverage ratio, refer to the 3Q26 Financial Supplement.

(6) 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 3Q26 Financial Supplement.

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

(8) Credit derivatives are used to economically hedge a portion of the Corporate Lending portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives and the mark-to-market on the loans in the portfolio that are at fair value. The fixed premium costs of these hedges are netted against the Corporate Lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures. For a reconciliation to reported results, refer to the 3Q26 Financial Supplement.

(9) All Other (managed basis) reflects results on a managed basis, which excludes divestiture-related impacts, for all periods, related to Citigroup’s divestitures of its Asia consumer banking businesses and Mexico Consumer/SBMM businesses within Legacy Franchises. Certain of the results of operations of All Other (managed basis) and Legacy Franchises (managed basis) that exclude divestiture-related impacts are non-GAAP financial measures. For additional information and a reconciliation to reported results, refer to the 3Q26 Financial Supplement.

EX-99.2

Filename: c-ex99d2.htm · Sequence: 3

Exhibit 99.2

CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT

3Q26

Page

Citigroup

Financial Summary

Consolidated Statement of Income

Consolidated Balance Sheet

Segment Net Revenues and Income (Loss)

Services

Markets

Banking

Wealth

U.S. Consumer Cards (USCC)

Metrics

All Other

Legacy Franchises

Corporate/Other

Divestiture-Related Impacts—Reconciling Items

Citigroup Supplemental Detail

Average Balances and Interest Rates

EOP (End-of-Period) Loans

EOP Deposits

Allowance for Credit Losses (ACL) Rollforward

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

19 - 20

Non-Accrual Assets

Citigroup Regulatory Capital, Ratios and Composition

Tangible Common Equity (TCE), Common Equity, Book Value per Share, Tangible Book Value Per Share (TBVPS) and Returns on Common Equity (RoCE) and Tangible Common Equity (RoTCE)

Reconciliations of Adjusted Results and FX Impact

FX Impact

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

Notable Items Adjustments and All Other (Managed Basis)

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

Services and Banking—Corporate Lending Revenues

Total Citigroup Revenues, Total Operating Expenses, RoCE and RoTCE

Legacy Franchises Exits Contribution

CITIGROUP FINANCIAL SUMMARY

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

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Revenues, net of interest expense

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Operating expenses(1)

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Net credit losses (NCLs) on loans

2,214

2,190

2,208

2,404

2,217

(8%)

6,907

6,829

(1%)

Credit reserve build (release) for loans

397

199

342%

390

795

104%

Provision / (release) for unfunded lending commitments

100

184

(97)

134

34%

189

221

17%

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

125%

(60%)

559

(88%)

Provisions for credit losses and for benefits and claims

2,450

2,220

2,805

2,522

2,586

8,045

7,913

(2%)

Income (loss) from continuing operations before income taxes

5,350

3,811

7,517

8,029

7,307

(9%)

37%

16,017

22,853

43%

Income taxes (benefits)

1,559

1,288

1,578

2,005

1,887

(6%)

21%

4,085

5,470

34%

Income (loss) from continuing operations

3,791

2,523

5,939

6,024

5,420

(10%)

43%

11,932

17,383

46%

Income (loss) from discontinued operations, net of taxes

(1)

100%

(2)

(1)

50%

Net income (loss) before noncontrolling interests

3,790

2,522

5,938

6,024

5,420

(10%)

43%

11,930

17,382

46%

Net income (loss) attributable to noncontrolling interests (NCI)(2)

153

193

175

(9%)

361%

521

448%

Citigroup's net income (loss)

3,752

2,471

5,785

5,831

5,245

(10%)

40%

11,835

16,861

42%

Diluted earnings per share:

Income (loss) from continuing operations

1.86

1.19

3.06

3.15

2.85

(10%)

53%

5.78

9.07

57%

Net income (loss)

1.86

1.19

3.06

3.15

2.85

(10%)

53%

5.78

9.07

57%

Preferred dividends

274

284

305

338

353

29%

830

996

20%

Income allocated to unrestricted common shareholders—basic

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

3,439

2,150

5,425

5,446

4,840

(11%)

41%

10,874

15,711

44%

Net income (loss) (for EPS purposes)

3,438

2,149

5,424

5,446

4,840

(11%)

41%

10,872

15,710

44%

Income allocated to unrestricted common shareholders—diluted

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

3,459

2,170

5,443

5,466

4,861

(11%)

41%

10,930

15,770

44%

Net income (loss) (for EPS purposes)

3,458

2,169

5,442

5,466

4,861

(11%)

41%

10,928

15,769

44%

Shares (in millions):

Average basic

1,820.3

1,772.8

1,736.9

1,700.9

1,671.4

(2%)

(8%)

1,851.7

1,703.1

(8%)

Average diluted

1,862.6

1,816.9

1,776.0

1,735.6

1,706.6

(2%)

(8%)

1,891.8

1,739.4

(8%)

Common shares outstanding, at period end

1,789.3

1,747.5

1,705.6

1,677.4

1,655.2

(1%)

(7%)

Regulatory capital ratios and performance metrics:

Common Equity Tier 1 (CET1) Capital ratio(3)(4)

13.27%

13.18%

12.75%

12.78%

12.8%

Tier 1 Capital ratio(3)(4)

14.97%

13.65%

14.57%

14.68%

14.6%

Total Capital ratio(3)(4)

15.31%

15.66%

15.45%

15.67%

15.7%

Supplementary Leverage ratio (SLR)(3)(5)

5.52%

5.48%

5.25%

5.15%

5.0%

Return on average assets

0.55%

0.36%

0.83%

0.80%

0.69%

(11) bps

14 bps

0.60%

0.77%

17 bps

Return on average common equity (RoCE)

7.1%

4.5%

11.5%

11.4%

10.1%

(130) bps

300 bps

7.6%

11.0%

340 bps

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

172.3

170.4

169.2

169.1

168.7

(2%)

170.8

169.0

(1%)

Return on tangible common equity (RoTCE)(6)

8.0%

5.1%

13.1%

13.0%

11.5%

(150) bps

350 bps

8.6%

12.6%

400 bps

Operating leverage(7)

59 bps

(381) bps

746 bps

960 bps

1,031 bps

71 bps

972 bps

473 bps

920 bps

447 bps

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

64.7%

69.6%

58.1%

57.4%

58.5%

110 bps

(620) bps

63.2%

58.0%

(520) bps

Balance sheet data (in billions of dollars, except per share amounts)(8):

Total assets

2,642.5

2,657.2

2,777.7

2,894.7

2,941.3

11%

Total average assets

2,688.8

2,722.5

2,816.8

2,936.0

3,002.2

12%

2,617.9

2,918.3

11%

Total loans

733.9

752.2

761.6

793.7

819.7

12%

Total deposits

1,383.9

1,403.6

1,446.2

1,492.6

1,505.3

Citigroup's stockholders' equity

213.0

212.3

211.0

212.0

209.4

(1%)

(2%)

Book value per share

108.41

110.01

112.22

114.74

115.61

Tangible book value per share(6)

95.72

97.06

99.01

100.89

101.59

Direct staff (in thousands)

227

226

224

219

217

(1%)

(4%)

(1)

3Q25 includes approximately $726 million ($714 million after-tax) related to a goodwill impairment charge in Mexico. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025.

(2)

Net income attributable to noncontrolling interests (NCI) represents the portion of net earnings of consolidated subsidiaries that is attributable to shareholders other than Citi. These amounts are deducted from Net income before attribution to noncontrolling interests to arrive at Citigroup’s net income. The increase in NCI in 2026 primarily relates to the Banamex equity sales completed in December 2025 and April 2026, resulting in a portion of Banamex’s earnings being attributable to noncontrolling shareholders.

(3)

Ratios as of September 30, 2026 are preliminary.

(4)

The ratios presented reflect Citi's binding regulatory capital constraints under the U.S. Basel III rules. See page 22 for regulatory capital metrics under both the Standardized and Advanced Approaches.

(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.

(8)

September 30, 2026 is preliminary.

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Revenues

Interest income (including dividends)

36,690

36,649

35,513

37,662

38,765

106,215

111,940

Interest expense

21,750

20,984

19,772

20,537

21,783

62,088

62,092

Net interest income (NII)

14,940

15,665

15,741

17,125

16,982

(1%)

14%

44,127

49,848

13%

Commissions and fees

2,888

2,829

3,272

3,298

2,884

(13%)

8,340

9,454

13%

Principal transactions

2,772

1,450

4,008

2,481

2,275

(8%)

(18%)

8,785

8,764

Administration and other fiduciary fees

1,117

1,129

1,123

1,257

1,301

16%

3,285

3,681

12%

Realized gains (losses) on sales of investments, net

105

107

270

169

(62%)

(39%)

364

503

38%

Net impairment losses on investments recognized in earnings

(25)

(234)

(140)

(68)

(32)

53%

(28%)

(118)

(240)

(103%)

Other revenue (loss)

293

(1,075)

359

504

371

(26%)

27%

571

1,234

116%

Total non-interest revenues (NIR)

7,150

4,206

8,892

7,641

6,863

(10%)

(4%)

21,227

23,396

10%

Total revenues, net of interest expense

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Provisions for credit losses and for benefits and claims

Net credit losses on loans

2,214

2,190

2,208

2,404

2,217

(8%)

6,907

6,829

(1%)

Credit reserve build / (release) for loans

397

199

342%

390

795

104%

Provision for credit losses on loans

2,259

2,200

2,605

2,603

2,416

(7%)

7,297

7,624

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

(5)

(30)

500%

(3)

(23)

Provision (release) for credit losses on other assets

(32)

(2)

(53)

499

(22)

Policyholder benefits and claims

388%

113

79%

Provision (benefit) for credit losses on unfunded lending commitments

100

184

(97)

134

34%

189

221

17%

Total provisions for credit losses and for benefits and claims

2,450

2,220

2,805

2,522

2,586

8,045

7,913

(2%)

Operating expenses

Compensation and benefits

7,474

7,068

8,382

7,992

7,533

(6%)

22,571

23,907

Technology / communication

2,325

2,429

2,335

2,269

2,346

6,994

6,950

(1%)

Transactional and product servicing

1,110

1,179

1,225

1,341

1,328

(1%)

20%

3,396

3,894

15%

Premises and equipment

607

681

586

618

632

1,796

1,836

Professional services

514

573

441

438

434

(1%)

(16%)

1,500

1,313

(12%)

Advertising and marketing

260

318

233

283

234

(17%)

(10%)

779

750

(4%)

Restructuring

(5)

(4)

100%

(10)

100%

Other operating

2,005

1,596

1,109

1,274

1,445

13%

(28%)

4,266

3,828

(10%)

Total operating expenses

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Income (loss) from continuing operations before income taxes

5,350

3,811

7,517

8,029

7,307

(9%)

37%

16,017

22,853

43%

Provision (benefit) for income taxes

1,559

1,288

1,578

2,005

1,887

(6%)

21%

4,085

5,470

34%

Income (loss) from continuing operations

3,791

2,523

5,939

6,024

5,420

(10%)

43%

11,932

17,383

46%

Discontinued operations

Income (loss) from discontinued operations

(1)

100%

(2)

(1)

50%

Provision (benefit) for income taxes

Income (loss) from discontinued operations, net of taxes

(1)

100%

(2)

(1)

50%

Net income (loss) before attribution to noncontrolling interests

3,790

2,522

5,938

6,024

5,420

(10%)

43%

11,930

17,382

46%

Noncontrolling interests (NCI)

153

193

175

(9%)

361%

521

448%

Citigroup's net income (loss)

3,752

2,471

5,785

5,831

5,245

(10%)

40%

11,835

16,861

42%

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

3Q26 Increase/

September 30,

December 31,

March 31,

June 30,

September 30,

(Decrease) from

2025

2026

2026(1)

2Q26

3Q25

Assets

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

23,545

23,717

23,625

24,663

23,451

(5%)

Deposits with banks, net of allowance

324,515

325,862

362,097

341,750

331,390

(3%)

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

321,347

356,195

353,094

404,655

411,327

28%

Brokerage receivables, net of allowance

75,992

62,679

91,720

83,322

102,766

23%

35%

Trading account assets

562,254

537,139

593,473

634,356

635,077

13%

Investments

Available-for-sale debt securities

246,227

246,720

257,822

286,765

306,850

25%

Held-to-maturity debt securities, net of allowance

197,092

189,831

178,503

167,893

157,501

(6%)

(20%)

Equity securities

7,413

7,678

7,839

8,263

8,415

14%

Total investments

450,732

444,229

444,164

462,921

472,766

Loans

Consumer(2)

398,628

408,533

402,391

416,520

418,417

Corporate(3)

335,277

343,697

359,225

377,138

401,288

20%

Loans, net of unearned income

733,905

752,230

761,616

793,658

819,705

12%

Allowance for credit losses on loans (ACLL)

(19,206)

(19,247)

(19,636)

(19,961)

(20,091)

(1%)

(5%)

Total loans, net

714,699

732,983

741,980

773,697

799,614

12%

Goodwill

19,126

19,098

18,997

19,012

19,072

Intangible assets (including MSRs)

4,330

4,284

4,305

5,004

5,033

16%

Premises and equipment, net of depreciation and amortization

32,819

33,339

33,574

33,897

34,075

Other assets, net of allowance

113,116

117,677

110,658

111,377

106,700

(4%)

(6%)

Total assets

2,642,475

2,657,202

2,777,687

2,894,654

2,941,271

11%

Liabilities

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

116,921

121,610

122,083

122,307

120,816

(1%)

Interest-bearing deposits in U.S. offices

592,728

613,052

634,812

665,841

684,500

15%

Total U.S. deposits

709,649

734,662

756,895

788,148

805,316

13%

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

83,920

87,041

86,004

83,823

85,671

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

590,360

581,870

603,341

620,636

614,335

(1%)

Total international deposits

674,280

668,911

689,345

704,459

700,006

(1%)

Total deposits

1,383,929

1,403,573

1,446,240

1,492,607

1,505,322

Securities loaned and sold under agreements to repurchase

349,726

348,098

369,585

411,126

410,174

17%

Brokerage payables

89,596

74,836

111,224

116,076

120,445

34%

Trading account liabilities

160,243

162,798

185,266

187,193

212,635

14%

33%

Short-term borrowings

54,760

51,878

72,056

68,978

61,518

(11%)

12%

Long-term debt

315,846

315,827

307,566

333,749

345,785

Other liabilities, plus allowances(4)

74,498

86,370

73,178

70,475

73,609

(1%)

Total liabilities

2,428,598

2,443,380

2,565,115

2,680,204

2,729,488

12%

Stockholders' equity

Preferred stock

19,050

20,050

19,550

18,050

(8%)

(5%)

Common stock

Additional paid-in capital(5)

109,010

108,452

107,821

107,343

107,451

(1%)

Retained earnings

214,034

215,128

219,542

223,989

227,733

Treasury stock, at cost

(84,932)

(89,473)

(95,370)

(99,398)

(102,418)

(3%)

(21%)

Accumulated other comprehensive income (loss) (AOCI)(5)

(44,170)

(41,897)

(40,615)

(39,500)

(41,438)

(5%)

Total common equity

193,973

192,241

191,409

192,465

191,359

(1%)

Total Citigroup stockholders' equity

213,023

212,291

210,959

212,015

209,409

(1%)

(2%)

Noncontrolling interests—equity (NCI—equity)(5)

854

1,531

1,613

2,435

2,374

(3%)

178%

Total equity

213,877

213,822

212,572

214,450

211,783

(1%)

Total liabilities and equity

2,642,475

2,657,202

2,777,687

2,894,654

2,941,271

11%

(1)

September 30, 2026 is preliminary.

(2)

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

(3)

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

(4)

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

(5)

Beginning in December 31, 2025 balances include the impacts on total equity from the sales of the 25.0% (4Q25 and forward), 22.6% (2Q26 and forward), and 1.4% (3Q26) equity stakes, respectively, in Grupo Financiero Banamex, S.A. de C.V.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

SEGMENT NET REVENUES AND INCOME (LOSS)

(In millions of dollars)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Revenues, net of interest expense

Services

5,730

6,272

6,103

6,382

6,614

15%

16,364

19,099

17%

Markets

5,745

4,609

7,246

7,007

6,113

(13%)

17,800

20,366

14%

Banking

1,647

1,773

1,767

1,922

1,741

(9%)

4,611

5,430

18%

Wealth

2,839

2,862

3,065

3,177

3,269

15%

8,410

9,511

13%

U.S. Consumer Cards (USCC)

4,656

4,564

4,757

4,521

4,664

13,694

13,942

All Other—managed basis(1)(2)

1,471

(208)

1,682

1,737

1,432

(18%)

(3%)

4,650

4,851

Reconciling Items—divestiture-related impacts(3)

(1)

(40%)

500%

(175)

Total net revenues—reported

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Income (loss) from continuing operations

Services

2,098

2,512

2,242

2,597

2,648

26%

5,675

7,487

32%

Markets

1,723

856

2,629

2,404

1,761

(27%)

5,409

6,794

26%

Banking

267

355

304

351

378

42%

580

1,033

78%

Wealth

303

299

432

583

585

93%

879

1,600

82%

USCC

929

884

732

852

851

(8%)

2,525

2,435

(4%)

All Other—managed basis(1)(2)

(752)

(2,273)

(388)

(761)

(809)

(6%)

(8%)

(2,164)

(1,958)

10%

Reconciling Items—divestiture-related impacts(3)

(777)

(110)

(12)

(2)

(972)

(8)

99%

Income (loss) from continuing operations—reported

3,791

2,523

5,939

6,024

5,420

(10%)

43%

11,932

17,383

46%

Discontinued operations

(1)

100%

(2)

(1)

50%

Less: NCI

153

193

175

(9%)

361%

521

448%

Net income (loss)

3,752

2,471

5,785

5,831

5,245

(10%)

40%

11,835

16,861

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income (including dividends)

3,823

4,050

4,143

4,291

4,472

17%

10,951

12,906

18%

Fee revenue

Commissions and fees

880

879

909

924

915

(1%)

2,599

2,748

Administration and other fiduciary fees

746

751

763

889

926

24%

2,156

2,578

20%

Total fee revenue

1,626

1,630

1,672

1,813

1,841

13%

4,755

5,326

12%

Principal transactions

190

257

263

264

287

51%

547

814

49%

All other

335

(85%)

111

(52)%

Total non-interest revenue

1,907

2,222

1,960

2,091

2,142

12%

5,413

6,193

14%

Total revenues, net of interest expense

5,730

6,272

6,103

6,382

6,614

15%

16,364

19,099

17%

Total operating expenses

2,707

2,843

2,935

2,803

2,976

10%

7,970

8,714

Net credit losses on loans

(40%)

(73%)

(70%)

Credit reserve build (release) for loans

(4)

(18)

(23)

(475%)

120

64%

Provision (release) for credit losses on unfunded lending commitments

(8)

(11)

(20)

100%

Provision (release) for credit losses for other assets

(15)

(17)

375

(5)

Provision (benefit) for credit losses

(11)

(26)

465

126

(73%)

Income from continuing operations before taxes

2,962

3,440

3,074

3,521

3,664

24%

7,929

10,259

29%

Income taxes

864

928

832

924

1,016

10%

18%

2,254

2,772

23%

Income from continuing operations

2,098

2,512

2,242

2,597

2,648

26%

5,675

7,487

32%

NCI

(15%)

(35%)

(21%)

Net income

2,081

2,496

2,228

2,584

2,637

27%

5,627

7,449

32%

EOP assets (in billions)

627

628

649

645

672

Average assets (in billions)

616

630

637

659

689

12%

596

662

11%

Efficiency ratio

47%

45%

48%

44%

45%

100 bps

(200) bps

49%

46%

(300) bps

Average allocated TCE (in billions)(1)

33.0

33.5

33.0

33.5

RoTCE(1)

25.0%

30.0%

27.0%

30.9%

31.2%

30 bps

620 bps

22.8%

29.7%

690 bps

Revenue by line of business

Net interest income

3,121

3,303

3,424

3,541

3,671

18%

8,935

10,636

19%

Non-interest revenue

1,099

1,182

1,192

1,198

1,231

12%

3,226

3,621

12%

Treasury and Trade Solutions (TTS)

4,220

4,485

4,616

4,739

4,902

16%

12,161

14,257

17%

Net interest income

702

747

719

750

801

14%

2,016

2,270

13%

Non-interest revenue

808

1,040

768

893

911

13%

2,187

2,572

18%

Securities Services

1,510

1,787

1,487

1,643

1,712

13%

4,203

4,842

15%

Total Services

5,730

6,272

6,103

6,382

6,614

15%

16,364

19,099

17%

Revenue by managed geography

North America

1,759

1,939

1,976

2,126

2,191

25%

4,968

6,293

27%

International

3,971

4,333

4,127

4,256

4,423

11%

11,396

12,806

12%

Total

5,730

6,272

6,103

6,382

6,614

15%

16,364

19,099

17%

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

Average loans by line of business

TTS

101

106

14%

101

11%

Securities Services

(50%)

100%

Total

103

107

14%

103

12%

ACLL as a % of EOP loans(3)

0.35%

0.33%

0.42%

0.44%

0.43%

(1) bps

8 bps

NCLs as a % of average loans

0.05%

0.08%

0.01%

0.02%

0.01%

(1) bps

(4) bps

0.05%

0.01%

(4) bps

Average deposits by line of business

TTS

744

780

812

852

867

17%

716

844

18%

Securities Services

149

155

149

165

170

14%

143

161

13%

Total

893

935

961

1,017

1,037

16%

859

1,005

17%

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

29.7

31.4

31.6

34.5

16%

Cross-border transaction value(5)

104.8

115.2

106.3

114.6

115.5

10%

301.2

336.4

12%

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

44.8

45.3

43.9

46.3

47.1

131.8

137.3

Commercial card spend volume

18.4

17.7

18.6

20.1

20.2

10%

53.5

58.9

10%

(1)

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

(2)

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

(3)

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

(4)

September 30, 2026 is preliminary.

(5)

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

(6)

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 5

MARKETS

(In millions of dollars, except as otherwise noted)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income (including dividends)

2,178

2,761

2,797

4,002

3,273

(18%)

50%

6,926

10,072

45%

Fee revenue

Brokerage and fees

400

364

478

469

447

(5%)

12%

1,199

1,394

16%

Investment banking fees(1)

163

120

143

141

(1%)

(13%)

404

Other(2)

(11%)

166

165

(1%)

Total fee revenue

626

541

653

666

644

(3%)

1,769

1,963

11%

Principal transactions

2,737

1,155

3,542

2,088

1,992

(5%)

(27%)

8,324

7,622

(8%)

All other

204

152

254

251

204

(19%)

781

709

(9%)

Total non-interest revenue

3,567

1,848

4,449

3,005

2,840

(5%)

(20%)

10,874

10,294

(5%)

Total revenues, net of interest expense

5,745

4,609

7,246

7,007

6,113

(13%)

17,800

20,366

14%

Total operating expenses

3,490

3,608

3,835

3,784

3,750

(1%)

10,464

11,369

Net credit losses (recoveries) on loans

(12)

(3)

(10)

(2)

80%

218

(15)

Credit reserve build (release) for loans

(44)

(73)

(13%)

156

174%

Provision (release) for credit losses on unfunded lending commitments

(7)

(23)

(46%)

131%

350%

Provisions (releases) for credit losses for other assets and HTM debt securities

(5)

(12)

(8)

(13)

(63%)

(160%)

(33)

Provision (benefit) for credit losses

(104)

(15)

109

(29%)

141%

341

171

(50%)

Income (loss) from continuing operations before taxes

2,223

1,105

3,426

3,114

2,286

(27%)

6,995

8,826

26%

Income taxes (benefits)

500

249

797

710

525

(26%)

1,586

2,032

28%

Income (loss) from continuing operations

1,723

856

2,629

2,404

1,761

(27%)

5,409

6,794

26%

NCI

(14%)

25%

Net income (loss)

1,702

838

2,595

2,387

1,743

(27%)

5,354

6,725

26%

EOP assets (in billions)

1,179

1,185

1,280

1,363

1,401

19%

Average assets (in billions)

1,229

1,247

1,325

1,406

1,438

17%

1,189

1,390

17%

Efficiency ratio

61%

78%

53%

54%

61%

700 bps

0 bps

59%

56%

(300) bps

Average allocated TCE (in billions)(3)

53.5

56.4

53.5

56.4

RoTCE(3)

12.6%

6.2%

18.7%

17.0%

12.3%

(470) bps

(30) bps

13.4%

15.9%

250 bps

Revenue by line of business

Fixed Income Markets

4,225

3,554

5,166

4,706

4,386

(7%)

13,191

14,258

Equity Markets

1,520

1,055

2,080

2,301

1,727

(25%)

14%

4,609

6,108

33%

Total

5,745

4,609

7,246

7,007

6,113

(13%)

17,800

20,366

14%

Rates and Currencies

2,963

2,449

3,311

3,247

2,965

(9%)

9,300

9,523

Spread Products / Other Fixed Income

1,262

1,105

1,855

1,459

1,421

(3%)

13%

3,891

4,735

22%

Total Fixed Income Markets revenues

4,225

3,554

5,166

4,706

4,386

(7%)

13,191

14,258

Revenue by managed geography

North America

2,270

1,826

2,559

2,561

2,302

(10%)

6,563

7,422

13%

International

3,475

2,783

4,687

4,446

3,811

(14%)

10%

11,237

12,944

15%

Total

5,745

4,609

7,246

7,007

6,113

(13%)

17,800

20,366

14%

Key drivers(4) (in billions of dollars)

Average loans

147

152

162

176

191

30%

137

176

28%

NCLs (annualized) as a % of average loans

0.18%

(0.03%)

(0.01%)

(0.02%)

0.00%

2 bps

(18) bps

0.21%

(0.01%)

(22) bps

ACLL as a % of EOP loans(5)

0.78%

0.67%

0.64%

0.60%

(4) bps

(18) bps

Average trading account assets

555

556

573

603

614

11%

525

597

14%

(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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income (including dividends)

562

549

587

560

516

(8%)

1,583

1,663

Fee revenue

Investment banking fees(1)

1,169

1,287

1,232

1,492

1,219

(18%)

3,331

3,943

18%

Other(2)

(12%)

173

178

Total fee revenue

1,234

1,347

1,296

1,549

1,276

(18%)

3,504

4,121

18%

Principal transactions

(164)

(119)

(38)

(147)

(94)

36%

43%

(433)

(279)

36%

All other

(4)

(78)

(40)

187%

(43)

(75)

(74%)

Total non-interest revenue

1,085

1,224

1,180

1,362

1,225

(10%)

13%

3,028

3,767

24%

Total revenues, net of interest expense

1,647

1,773

1,767

1,922

1,741

(9%)

4,611

5,430

18%

Total operating expenses

1,139

1,152

1,240

1,212

1,225

3,310

3,677

11%

Net credit losses on loans

138

(69%)

378%

187

217%

Credit reserve build (release) for loans

136

175

(19)

(100)

(426%)

253

(78%)

Provision (release) for credit losses on unfunded lending commitments

(51)

119

(20%)

(3%)

207

163

(21%)

Provision (release) for credit losses for other assets

(15)

(9)

Provision for credit losses

157

176

132

242

(90%)

(85%)

544

397

(27%)

Income (loss) from continuing operations before taxes

351

445

395

468

493

40%

757

1,356

79%

Income taxes (benefits)

117

115

(2%)

37%

177

323

82%

Income (loss) from continuing operations

267

355

304

351

378

42%

580

1,033

78%

NCI

(3)

(100%)

100%

(6)

Net income (loss)

270

354

304

350

378

40%

586

1,032

76%

EOP assets (in billions)

141

140

154

145

158

12%

Average assets (in billions)

149

146

154

160

159

(1%)

148

158

Efficiency ratio

69%

65%

70%

63%

70%

700 bps

100 bps

72%

68%

(400) bps

Average allocated TCE (in billions)(3)

9.2

7.8

(15%)

9.2

7.8

(15%)

RoTCE(3)

11.6%

15.3%

15.8%

18.0%

19.2%

120 bps

760 bps

8.5%

17.7%

920 bps

Revenue by line of business

Investment Banking

1,238

1,356

1,326

1,548

1,350

(13%)

3,425

4,224

23%

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

453

443

391

406

382

(6%)

(16%)

1,278

1,179

(8%)

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

1,691

1,799

1,717

1,954

1,732

(11%)

4,703

5,403

15%

Gain (loss) on loan hedges(4)

(44)

(26)

(32)

(92)

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

1,647

1,773

1,767

1,922

1,741

(9%)

4,611

5,430

18%

Business metrics—investment banking revenues(5)

Advisory

425

649

505

390

406

(4%)

1,258

1,301

Equity underwriting (Equity Capital Markets (ECM))

194

219

257

426

343

(19%)

77%

551

1,026

86%

Debt underwriting (Debt Capital Markets (DCM))

619

488

564

732

601

(18%)

(3%)

1,616

1,897

17%

Total

1,238

1,356

1,326

1,548

1,350

(13%)

3,425

4,224

23%

Revenue by managed geography

North America

862

1,023

1,109

1,087

947

(13%)

10%

2,384

3,143

32%

International

785

750

658

835

794

(5%)

2,227

2,287

Total

1,647

1,773

1,767

1,922

1,741

(9%)

4,611

5,430

18%

Key drivers(6) (in billions of dollars)

Average loans

(3%)

NCLs (annualized) as a % of average loans

0.04%

0.13%

0.03%

0.63%

0.20%

(43) bps

16 bps

0.10%

0.29%

19 bps

ACLL as a % of EOP loans(7)

1.83%

2.04%

2.06%

2.16%

1.89%

(27) bps

6 bps

(1)

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

(2)

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

(3)

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

(4)

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

(5)

Beginning in 2Q26, the investment banking fees metric for Banking was replaced with investment banking revenues. This metric includes investment banking fees, other fee revenue, principal transactions, and net interest income from loans generated from investment banking business activities. Prior-period amounts have been conformed to reflect this change in presentation. Citi believes investment banking revenues provides investors with a more comprehensive measure of investment banking performance.

(6)

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

(7)

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 7

WEALTH

(In millions of dollars, except as otherwise noted)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income

1,902

2,018

2,095

2,155

2,281

20%

5,564

6,531

17%

Fee revenue

Commissions and fees

494

465

543

587

552

(6%)

12%

1,432

1,682

17%

Other(1)

232

238

207

206

213

(8%)

725

626

(14%)

Total fee revenue

726

703

750

793

765

(4%)

2,157

2,308

All other(2)

211

141

220

229

223

(3%)

689

672

(2%)

Total non-interest revenue

937

844

970

1,022

988

(3%)

2,846

2,980

Total revenues, net of interest expense

2,839

2,862

3,065

3,177

3,269

15%

8,410

9,511

13%

Total operating expenses

2,375

2,377

2,415

2,377

2,438

7,078

7,230

Net credit losses on loans

23%

(23%)

231

215

(7%)

Credit reserve build (release) for loans

(16)

(17)

Provision (release) for credit losses on unfunded lending commitments

(1)

(2)

(100%)

(3)

100%

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

(1)

100%

(5)

100%

Provisions for credit losses

101

102

73%

40%

206

262

27%

Income from continuing operations before taxes

391

398

549

741

729

(2%)

86%

1,126

2,019

79%

Income taxes

117

158

144

(9%)

64%

247

419

70%

Income from continuing operations

303

299

432

583

585

93%

879

1,600

82%

NCI

Net income

303

299

432

583

585

93%

879

1,600

82%

EOP assets (in billions)

313

316

320

321

329

Average assets (in billions)

315

325

321

324

330

307

325

Efficiency ratio

84%

83%

79%

75%

0 bps

(900) bps

84%

76%

(800) bps

Average allocated TCE (in billions)(3)

15.4

16.2

15.4

16.2

RoTCE(3)

7.8%

7.7%

10.8%

14.4%

14.3%

(10) bps

650 bps

7.6%

13.2%

560 bps

Revenue by line of business

Citigold and Retail Banking

1,969

2,010

2,062

2,181

2,275

16%

5,656

6,518

15%

Private Bank

656

625

757

769

766

17%

2,051

2,292

12%

Wealth at Work

214

227

246

227

228

703

701

Total

2,839

2,862

3,065

3,177

3,269

15%

8,410

9,511

13%

Revenue by managed geography

North America

1,741

1,825

1,893

1,977

2,124

22%

5,204

5,994

15%

International

1,098

1,037

1,172

1,200

1,145

(5%)

3,206

3,517

10%

Total

2,839

2,862

3,065

3,177

3,269

15%

8,410

9,511

13%

Key drivers(4) (in billions of dollars)

EOP client balances

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

660

670

676

727

759

15%

Deposits

408

413

418

415

419

Loans

202

204

205

208

210

Total

1,270

1,287

1,299

1,350

1,388

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

18.6

7.2

14.7

15.7

38.1

143%

105%

37.1

68.5

85%

Average deposits

405

407

414

415

416

401

415

Average loans

201

203

205

206

209

197

207

ACLL as a % of EOP loans(9)

0.33%

0.34%

1 bps

NCLs (annualized) as a % of average loans

0.18%

0.16%

0.17%

0.11%

0.13%

2 bps

(5) bps

0.16%

0.14%

(2) bps

U.S. Retail Banking branches (actual)

653

655

(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)

September 30, 2026 is preliminary.

(8)

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

(9)

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 8

U.S. CONSUMER CARDS (USCC)(1)

(In millions of dollars, except as otherwise noted)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income

5,124

5,143

5,116

5,180

5,422

15,026

15,718

Fee revenue

Interchange fees

2,448

2,526

2,404

2,740

2,738

12%

7,192

7,882

10%

Card rewards and partner payments

(3,031)

(3,215)

(2,897)

(3,563)

(3,692)

(4%)

(22%)

(8,860)

(10,152)

(15%)

Other(2)

114

112

160

173

52%

313

445

42%

Total fee revenue

(469)

(575)

(381)

(663)

(781)

(18%)

(67%)

(1,355)

(1,825)

(35%)

All other(3)

(4)

475%

113%

Total non-interest revenue

(468)

(579)

(359)

(659)

(758)

(15%)

(62%)

(1,332)

(1,776)

(33%)

Total revenues, net of interest expense

4,656

4,564

4,757

4,521

4,664

13,694

13,942

Total operating expenses

1,644

1,794

1,711

1,794

1,682

(6%)

4,961

5,187

Net credit losses on loans

1,741

1,739

1,742

1,850

1,670

(10%)

(4%)

5,551

5,262

(5%)

Credit reserve build (release) for loans

(117)

207

418%

276%

(124)

323

Provision (release) for credit losses on unfunded lending commit.(4)

272

(272)

100%

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

(67%)

(57%)

Provisions for credit losses and for PBC

1,799

1,624

2,092

1,618

1,878

16%

5,434

5,588

Income from continuing operations before taxes

1,213

1,146

954

1,109

1,104

(9%)

3,299

3,167

(4%)

Income taxes

284

262

222

257

253

(2%)

(11%)

774

732

(5%)

Income from continuing operations

929

884

732

852

851

(8%)

2,525

2,435

(4%)

NCI

Net income

929

884

732

852

851

(8%)

2,525

2,435

(4%)

EOP assets (in billions)

171

178

171

182

183

Average assets (in billions)

171

173

172

178

182

169

177

Efficiency ratio

35%

39%

36%

40%

36%

(400) bps

100 bps

36%

37%

100 bps

Average allocated TCE (in billions)(5)

20.3

15.5

(24%)

20.3

15.5

(24%)

RoTCE(5)

18.2%

17.3%

19.2%

22.0%

21.8%

(20) bps

360 bps

16.6%

21.0%

440 bps

Key drivers(6) (in billions)

Average loans

171

172

171

177

181

169

176

ACLL as a % of EOP loans

8.09%

7.74%

8.09%

7.68%

7.77%

9 bps

(32) bps

NCLs (annualized) as a % of average loans

4.05%

4.00%

4.12%

4.19%

3.66%

(53) bps

(39) bps

4.39%

3.99%

(40) bps

Revenue rate(7)

10.80%

10.53%

11.28%

10.25%

10.22%

(3) bps

(58) bps

10.83%

10.59%

(24) bps

NII(8) (annualized) as a % of average loans

11.89%

11.86%

12.13%

11.74%

11.88%

14 bps

(1) bps

11.89%

11.94%

5 bps

(1)

3Q26 and 2Q26 results, balances and metrics include the impact from the additional American Airlines co-branded card portfolio onboarded during 2Q26.

(2)

Primarily related to annual fees, net of new-account acquisition costs.

(3)

Primarily related to revenue incentives from card networks.

(4)

1Q26 includes a reserve build related to Citi's forward purchase commitment of the additional American Airlines co-branded card portfolio. This was released from unfunded lending commitments in 2Q26 and re-established as a reserve for the loans that were acquired.

(5)

(6)

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

(7)

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

(8)

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

3Q26 Increase/

(Decrease) from

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

2025

2026

2Q26

3Q25

New credit cards account acquisitions (in thousands)(3)

General Purpose Credit Cards (GPCC)(4)

1,872

2,115

1,899

4,004

1,840

(54%)

(2%)

Private Label Credit Cards (PLCC)(5)

1,339

1,572

1,043

1,372

1,241

(10%)

(7%)

Average active accounts (in thousands)(6)

GPCC

44,968

45,754

46,218

47,446

47,913

PLCC

23,277

23,049

22,465

21,718

21,379

(2%)

(8%)

Credit card spend volume

GPCC

144.5

152.4

141.5

162.3

162.9

13%

PLCC

12.6

13.9

10.5

13.2

12.1

(8%)

(4%)

Average loans(7)

GPCC

136.8

138.6

144.9

148.7

PLCC

30.0

29.8

28.9

28.3

28.1

(1%)

(6%)

Installment Lending

3.7

3.9

3.8

4.0

EOP loans(7)

GPCC

137.7

143.2

138.7

149.2

150.3

PLCC

29.8

30.5

28.3

28.4

27.6

(3%)

(7%)

Installment Lending

3.8

4.1

NCLs as a % of average loans

GPCC

3.85%

3.78%

3.87%

4.01%

3.51%

(50) bps

(34) bps

PLCC

4.67%

4.77%

5.05%

4.79%

4.19%

(60) bps

(48) bps

Installment Lending

6.43%

6.00%

6.19%

6.54%

5.65%

(89) bps

(78) bps

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

GPCC

1.27%

1.32%

1.39%

1.21%

0 bps

(6) bps

PLCC

2.08%

2.13%

2.15%

1.92%

0 bps

(16) bps

Installment Lending

0.58%

0.55%

0.53%

0.54%

1 bps

(4) bps

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

GPCC

1.21%

1.23%

1.20%

1.17%

1.16%

(1) bps

(5) bps

PLCC

2.07%

1.99%

1.98%

1.84%

1.96%

12 bps

(11) bps

Installment Lending

1.26%

1.37%

1.42%

1.24%

0 bps

(2) 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)

3Q26 and 2Q26 results, balances and metrics include the impact from the additional American Airlines co-branded card portfolio onboarded during 2Q26.

(3)

Represents the number of new credit card accounts opened or acquired.

(4)

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.

(5)

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.

(6)

Represent average open credit card accounts on which there has been a purchase, payment or outstanding balance in the quarter.

(7)

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income

1,351

1,144

1,003

937

1,018

(25%)

4,077

2,958

(27%)

Non-interest revenue(4)

120

(1,352)

679

800

414

(48%)

245%

573

1,893

230%

Total revenues, net of interest expense

1,471

(208)

1,682

1,737

1,432

(18%)

(3%)

4,650

4,851

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

2,169

2,026

2,144

2,220

1,874

(16%)

(14%)

6,672

6,238

(7%)

Net credit losses on loans

297

341

371

366

433

18%

46%

809

1,170

45%

Credit reserve build (release) for loans

(69%)

19%

159

(42%)

Provision (release) for credit losses on unfunded lending commitments

(6)

(3)

(2)

100%

(13)

(5)

62%

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

233%

109

112

Provisions for credit losses and for PBC

331

449

400

438

532

21%

61%

1,064

1,370

29%

Income (loss) from continuing operations before taxes

(1,029)

(2,683)

(862)

(921)

(974)

(6%)

(3,086)

(2,757)

11%

Income taxes (benefits)

(277)

(410)

(474)

(160)

(165)

(3%)

40%

(922)

(799)

13%

Income (loss) from continuing operations

(752)

(2,273)

(388)

(761)

(809)

(6%)

(8%)

(2,164)

(1,958)

10%

Income (loss) from discontinued operations, net of taxes

(1)

100%

(2)

(1)

50%

NCI

105

162

146

(10%)

(2)

413

Net income (loss)

(756)

(2,290)

(494)

(923)

(955)

(3%)

(26%)

(2,164)

(2,372)

(10%)

EOP assets (in billions)

211

210

204

239

198

(17%)

(6%)

Average assets (in billions)

209

202

208

209

204

(2%)

209

206

(1%)

Efficiency ratio

147%

(974%)

127%

128%

131%

143%

129%

Average allocated TCE (in billions)(10)

40.9

39.0

39.8

39.7

39.3

(1%)

(4%)

39.4

39.6

Revenue by line of business

Mexico Consumer/SBMM

1,722

1,775

2,054

1,991

2,027

18%

4,725

6,072

29%

Asia Consumer(4)(11)

149

(1,434)

105

(70%)

(85%)

439

205

(53%)

Legacy Holdings Assets (LHA)

(12)

(15)

(203)

(216)

Corporate/Other

(400)

(537)

(479)

(316)

(415)

(31%)

(4%)

(533)

(1,210)

(127%)

Total

1,471

(208)

1,682

1,737

1,432

(18%)

(3%)

4,650

4,851

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

EOP loans

28.5

30.0

30.6

32.0

32.2

13%

EOP deposits

40.6

43.8

46.0

44.3

(4%)

Average loans

27.2

29.2

30.7

31.7

32.7

20%

25.5

31.7

24%

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

5.46%

5.91%

6.37%

6.13%

6.68%

55 bps

122 bps

5.42%

6.40%

98 bps

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

1.60%

1.72%

1.71%

1.79%

1.73%

(6) bps

13 bps

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

1.58%

1.59%

1.64%

1.59%

1.70%

11 bps

12 bps

Asia Consumer—key indicators (in billions of dollars)

EOP loans

2.7

2.5

2.2

2.1

2.2

(19%)

EOP deposits

1.3

1.1

0.9

0.8

(38%)

Average loans

2.8

2.6

2.4

2.2

(21%)

3.8

2.3

(39%)

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

EOP loans

1.8

1.7

1.1

0.9

(18%)

(50%)

(1)

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

(2)

(3)

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

(4)

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

(5)

See footnote 2 on page 14.

(6)

See footnote 3 on page 14.

(7)

See footnote 4 on page 14.

(8)

See footnote 5 on page 14.

(9)

See footnote 6 on page 14.

(10)

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

(11)

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

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income

1,338

1,379

1,479

1,484

1,263

(15%)

(6%)

3,776

4,226

12%

Non-interest revenue(4)

533

(1,050)

682

569

584

10%

1,407

1,835

30%

Total revenues, net of interest expense

1,871

329

2,161

2,053

1,847

(10%)

(1%)

5,183

6,061

17%

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

1,320

1,222

1,324

1,243

1,182

(5%)

(10%)

3,941

3,749

(5%)

Net credit losses on loans

297

341

371

366

433

18%

46%

809

1,170

45%

Credit reserve build (release) for loans

(69%)

19%

159

(42%)

Provision (release) for credit losses on unfunded lending commitments

(6)

(3)

(2)

100%

(13)

(5)

62%

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

420%

290%

101

121

20%

Provisions for credit losses and for PBC

327

447

409

440

530

20%

62%

1,056

1,379

31%

Income (loss) from continuing operations before taxes

224

(1,340)

428

370

135

(64%)

(40%)

186

933

402%

Income taxes (benefits)

147

137

120

(53%)

(14%)

314

Income (loss) from continuing operations

158

(1,487)

291

250

(69%)

(51%)

150

619

313%

NCI

114

159

152

(4%)

(5)

425

Net income (loss)

155

(1,496)

177

(74)

155

194

25%

EOP assets (in billions)

(1%)

Average assets (in billions)

(1%)

10%

Efficiency ratio

71%

371%

61%

64%

76%

62%

Average allocated TCE (in billions)(10)

5.1

5.7

12%

5.1

5.7

12%

Revenue by line of business

Mexico Consumer/SBMM(3)

1,722

1,775

2,054

1,991

2,027

18%

4,725

6,072

29%

Asia Consumer(4)(11)

149

(1,434)

105

(70%)

(85%)

439

205

(53%)

Legacy Holdings Assets (LHA)

(12)

(15)

(203)

(216)

Total

1,871

329

2,161

2,053

1,847

(10%)

(1%)

5,183

6,061

17%

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

EOP loans

28.5

30.0

30.6

32.0

32.2

13%

EOP deposits

40.6

43.8

46.0

44.3

(4%)

Average loans

27.2

29.2

30.7

31.7

32.7

20%

25.5

31.7

24%

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

5.46%

5.91%

6.37%

6.13%

6.68%

55 bps

122 bps

5.42%

6.40%

98 bps

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

1.60%

1.72%

1.71%

1.79%

1.73%

(6) bps

13 bps

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

1.58%

1.59%

1.64%

1.59%

1.70%

11 bps

12 bps

Asia Consumer—key indicators (in billions of dollars)

EOP loans

2.7

2.5

2.2

2.1

2.2

(19%)

EOP deposits

1.3

1.1

0.9

0.8

(38%)

Average loans

2.8

2.6

2.4

2.2

(21%)

3.8

2.3

(39%)

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

EOP loans

1.8

1.7

1.1

0.9

(18%)

(50%)

(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 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.

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income

(235)

(476)

(547)

(245)

55%

301

(1,268)

Non-interest revenue

(413)

(302)

(3)

231

(170)

59%

(834)

Total revenues, net of interest expense

(400)

(537)

(479)

(316)

(415)

(31%)

(4%)

(533)

(1,210)

(127%)

Total operating expenses

849

804

820

977

692

(29%)

(18%)

2,731

2,489

(9%)

Provisions (releases) for other assets, HTM debt securities and other

(9)

(2)

(50%)

(9)

Income (loss) from continuing operations before taxes

(1,253)

(1,343)

(1,290)

(1,291)

(1,109)

14%

11%

(3,272)

(3,690)

(13%)

Income taxes (benefits)

(343)

(557)

(611)

(280)

(222)

21%

35%

(958)

(1,113)

(16%)

Income (loss) from continuing operations

(910)

(786)

(679)

(1,011)

(887)

12%

(2,314)

(2,577)

(11%)

Income (loss) from discontinued operations, net of taxes

(1)

100%

(2)

(1)

50%

NCI

(9)

(6)

(12)

Net income (loss)

(911)

(794)

(671)

(1,014)

(881)

13%

(2,319)

(2,566)

(11%)

EOP assets (in billions)

125

124

117

152

112

(26%)

(10%)

Average allocated TCE (in billions)(2)

35.8

33.9

34.1

34.0

33.6

(1%)

(6%)

34.3

35.8

(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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Net interest income

Non-interest revenue

(1)

(40%)

500%

(175)

Total revenues, net of interest expense

(1)

(40%)

500%

(175)

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

766

(72%)

(99%)

837

(92%)

Net credit losses on loans

(3)

(2)

100%

(1)

Credit reserve build (release) for loans

(11)

100%

Provision (release) for credit losses on unfunded lending commitments

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

Provisions for credit losses and for PBC

(3)

(1)

(2)

100%

(9)

(1)

89%

Income (loss) from continuing operations before taxes

(761)

(40)

(19)

(3)

(1,003)

(17)

98%

Income taxes (benefits)

(7)

(1)

(31)

(9)

71%

Income (loss) from continuing operations

(777)

(110)

(12)

(2)

(972)

(8)

99%

Income (loss) from discontinued operations, net of taxes

NCI

Net income (loss)

(777)

(110)

(12)

(2)

(972)

(8)

99%

(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) 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.

(3) 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.

(4) 1Q26 includes approximately $31 million in operating expenses (approximately $23 million after-tax), primarily related to separation costs in Mexico. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026.

(5) 2Q26 includes approximately $25 million in operating expenses (approximately $18 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, 2026.

(6) 3Q26 includes approximately $7 million in operating expenses (approximately $6 million after-tax), largely 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)

3Q25

2Q26

3Q26(5)

3Q25

2Q26

3Q26(5)

3Q25

2Q26

3Q26(5)

Assets

Deposits with banks

332,245

359,133

361,153

3,435

3,375

3,514

4.10%

3.77%

3.86%

Securities borrowed and purchased under resale agreements(6)

357,804

440,589

464,076

7,003

6,852

7,196

7.77%

6.24%

6.15%

Trading account assets(7)

523,334

559,737

568,225

5,289

6,112

5,215

4.01%

4.38%

3.64%

Investments

449,689

453,144

471,185

4,177

4,098

4,539

3.69%

3.63%

3.82%

Consumer loans

396,333

410,349

416,849

10,150

10,156

10,649

10.16%

9.93%

10.14%

Corporate loans

328,686

374,696

391,700

5,263

5,502

5,905

6.35%

5.89%

5.98%

Total loans (net of unearned income)(8)

725,019

785,045

808,549

15,413

15,658

16,554

8.43%

8.00%

8.12%

Other interest-earning assets

83,974

113,683

103,152

1,400

1,595

1,774

6.61%

5.63%

6.82%

Total average interest-earning assets

2,472,065

2,711,331

2,776,340

36,717

37,690

38,792

5.89%

5.58%

5.54%

Liabilities

Deposits

1,180,367

1,295,173

1,323,057

9,163

8,747

9,210

3.08%

2.71%

2.76%

Securities loaned and sold under repurchase agreements(6)

401,821

449,213

475,798

7,356

6,713

6,978

7.26%

5.99%

5.82%

Trading account liabilities(7)

107,815

131,577

141,490

755

788

897

2.78%

2.40%

2.52%

Short-term borrowings and other interest-bearing liabilities

147,175

189,438

174,829

1,933

2,046

2,267

5.21%

4.33%

5.14%

Long-term debt(9)

187,340

176,982

188,347

2,543

2,243

2,431

5.39%

5.08%

5.12%

Total average interest-bearing liabilities

2,024,518

2,242,383

2,303,521

21,750

20,537

21,783

4.26%

3.67%

3.75%

Net interest income as a % of average interest-earning assets (NIM)(9)

14,967

17,153

17,009

2.40%

2.54%

2.43%

3Q26 increase (decrease) from:

3 bps

(11) 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 $27 million for 3Q25, $28 million for 2Q26 and $27 million for 3Q26.

(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)

3Q26 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)

3Q26 Increase/

(Decrease) from

2025

2026

2Q26

3Q25

Corporate loans by region

North America

150.1

155.2

163.6

174.8

184.1

23%

International

185.2

188.5

195.6

202.3

217.2

17%

Total corporate loans

335.3

343.7

359.2

377.1

401.3

20%

Corporate loans by segment and reporting unit

Services

99.4

99.5

101.5

106.6

103.8

(3%)

Markets

149.7

159.4

165.2

182.5

203.5

12%

36%

Banking

78.8

77.2

84.6

79.8

85.5

All Other—Legacy Franchises—Mexico SBMM(3)

7.4

7.6

7.9

8.2

8.5

15%

Total corporate loans

335.3

343.7

359.2

377.1

401.3

20%

Wealth by region

North America

148.2

150.2

150.4

151.9

152.0

International

53.5

54.1

54.6

56.2

57.6

Total

201.7

204.3

205.0

208.1

209.6

USCC

GPCC

137.7

143.2

138.7

149.2

150.3

PLCC

29.8

30.5

28.3

28.4

27.6

(3%)

(7%)

Installment Lending

3.8

4.1

Total

171.3

177.5

170.8

181.4

182.0

All Other—Consumer

Mexico Consumer

21.2

22.5

22.8

23.9

23.7

(1%)

12%

Asia Consumer

2.7

2.5

2.2

2.1

2.2

(19%)

Legacy Holdings Assets (LHA)

1.7

1.6

1.0

0.9

(10%)

(47%)

Total

25.6

26.7

26.6

27.0

26.8

(1%)

Total consumer loans

398.6

408.5

402.4

416.5

418.4

Total loans—EOP

733.9

752.2

761.6

793.7

819.7

12%

Total loans—average

725.0

736.7

755.2

785.0

808.6

12%

NCLs as a % of total average loans

1.21%

1.18%

1.19%

1.23%

1.09%

(14) bps

(12) bps

(1)

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

(2)

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

(3)

Includes Legacy Franchises corporate loans activity related to Mexico SBMM, as well as other LHA corporate loans.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 16

END-OF-PERIOD DEPOSITS

(In billions of dollars)

3Q26 Increase/

(Decrease) from

2025

2026

2Q26

3Q25

Services, Markets, and Banking by region (institutional)

North America

428.3

452.9

478.5

518.1

531.8

24%

International

483.1

481.3

499.3

504.3

501.5

(1%)

Total

911.4

934.2

977.8

1,022.4

1,033.3

13%

Treasury and Trade Solutions

740.0

779.4

804.5

828.2

846.0

14%

Securities Services

151.3

138.4

155.2

174.6

166.6

(5%)

10%

Services

891.3

917.8

959.7

1,002.8

1,012.6

14%

Markets

19.3

16.0

17.7

19.1

20.3

Banking

0.8

0.4

0.5

0.4

(20%)

(50%)

Total

911.4

934.2

977.8

1,022.4

1,033.3

13%

Wealth

North America

278.5

285.6

285.8

279.7

283.4

International

129.2

126.9

132.1

135.7

135.5

Total

407.7

412.5

417.9

415.4

418.9

All Other

Legacy Franchises

Mexico Consumer

29.7

33.3

32.6

34.4

33.0

(4%)

11%

Mexico SBMM—corporate

10.9

10.5

11.2

11.6

11.3

(3%)

Asia Consumer

1.3

1.1

0.9

0.8

(38%)

Legacy Holdings Assets (LHA)(1)

0.1

Corporate/Other

22.8

11.9

5.7

7.9

(65%)

Total

64.8

56.9

50.5

54.8

53.1

(3%)

(18%)

Total deposits—EOP

1,383.9

1,403.6

1,446.2

1,492.6

1,505.3

Total deposits—average

1,382.2

1,422.3

1,446.4

1,503.5

1,528.0

11%

(1)

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 17

ALLOWANCE FOR CREDIT LOSSES (ACL) ROLLFORWARD

(In millions of dollars, except ratios)

ACLL/EOP

Balance

Builds (Releases)

FY 2025

Balance

Builds (Releases)

YTD 2026

Balance

Loans

12/31/24

1Q25

2Q25

3Q25

4Q25

FY 2025

FX/Other

12/31/25

1Q26

2Q26

3Q26

YTD 2026

FX/Other(1)

9/30/26

Allowance for credit losses on loans (ACLL)

Services

264

(4)

(18)

327

(23)

120

449

Markets

1,030

(44)

(73)

(16)

1,027

156

(4)

1,179

Banking

1,167

137

136

389

1,578

175

(19)

(100)

(15)

1,619

Legacy Franchises corporate (Mexico SBMM(2))

(12)

121

(11)

(1)

123

Total corporate ACLL

2,556

154

259

(22)

442

3,053

299

108

(72)

335

(18)

3,370

0.86%

U.S. Cards

13,560

(169)

(12)

(102)

(239)

13,324

213

332

13,731

7.72%

Installment lending

425

(5)

(15)

(2)

(1)

422

(2)

(1)

(6)

(9)

413

Total USCC

13,985

(174)

(5)

(117)

(241)

13,746

207

323

14,144

Wealth

673

(65)

(16)

(11)

669

716

All Other—consumer

1,360

210

209

1,779

(8)

1,861

Total consumer ACLL

16,018

(52)

(16)

(41)

(42)

218

16,194

271

460

16,721

4.00%

Total ACLL

18,574

102

243

400

273

19,247

397

199

795

20,091

2.48%

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

1,601

108

(19)

100

202

1,833

184

(97)

134

221

(10)

2,044

Total ACLL and ACLUC

20,175

210

224

145

602

303

21,080

581

102

333

1,016

22,135

Other(4)(5)

2,002

388

(17)

479

(2,188)

293

(1)

(47)

(45)

(8)

240

Total ACL

22,177

244

612

219

1,081

(1,885)

21,373

584

101

286

971

22,375

(1)

Primarily includes FX translation on the EOP ACL balances.

(2)

See footnote 3 on page 16.

(3)

(4)

Includes ACL activity on HTM securities and Other assets.

(5)

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

Reclassified to conform to the current period's presentation.

Page 18

ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) AND

UNFUNDED LENDING COMMITMENTS (ACLUC)

Page 1

(In millions of dollars)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Total Citigroup

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

19,123

19,206

19,247

19,636

19,961

18,574

19,247

Gross credit (losses) on loans

(2,726)

(2,724)

(2,820)

(2,981)

(2,774)

(2%)

(8,375)

(8,575)

(2%)

Gross recoveries on loans

512

534

612

577

557

(3%)

1,468

1,746

19%

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

(2,214)

(2,190)

(2,208)

(2,404)

(2,217)

(8%)

(6,907)

(6,829)

(1%)

Replenishment of NCLs

2,214

2,190

2,208

2,404

2,217

(8%)

6,907

6,829

(1%)

Net reserve builds / (releases) for loans

397

199

342%

390

795

104%

Provision for credit losses on loans (PCLL)

2,259

2,200

2,605

2,603

2,416

(7%)

7,297

7,624

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

(8)

126

(69)

242

(80%)

ACLL at end of period (a)

19,206

19,247

19,636

19,961

20,091

19,206

20,091

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

1,820

1,833

2,013

1,899

2,044

12%

1,820

2,044

12%

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

100

184

(97)

134

34%

189

221

17%

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

21,026

21,080

21,649

21,860

22,135

21,026

22,135

Total ACLL as a % of total loans(9)

2.65%

2.58%

2.61%

2.54%

2.48%

(6) bps

(17) bps

Total NCLs (annualized) as a % of total average loans

1.21%

1.18%

1.19%

1.23%

1.09%

(14) bps

(12) bps

1.30%

1.17%

(13) bps

Consumer

ACLL at beginning of period

16,100

16,205

16,194

16,297

16,510

16,018

16,194

NCLs

(2,122)

(2,148)

(2,200)

(2,270)

(2,159)

(5%)

(6,584)

(6,629)

Replenishment of NCLs

2,122

2,148

2,200

2,270

2,159

(5%)

6,584

6,629

Net reserve builds / (releases) for loans

(41)

271

198%

304%

(1)

460

Provision for credit losses on loans (PCLL)

2,189

2,107

2,298

2,361

2,430

11%

6,583

7,089

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

122

(60)

188

(64%)

ACLL at end of period (b)

16,205

16,194

16,297

16,510

16,721

16,205

16,721

Consumer ACLUC(7)(8) (b)

297

15%

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

(4)

274

(274)

(1)

100%

75%

(8)

(1)

88%

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

16,225

16,218

16,594

16,533

16,744

16,225

16,744

Consumer ACLL as a % of total consumer loans

4.07%

3.96%

4.05%

3.96%

4.00%

4 bps

(7) bps

Consumer NCLs (annualized) as a % of total consumer average loans

2.12%

2.21%

2.22%

2.06%

(16) bps

(6) bps

2.25%

2.16%

(9) bps

Corporate

ACLL at beginning of period

3,023

3,001

3,053

3,339

3,451

14%

2,556

3,053

19%

NCLs

(92)

(42)

(8)

(134)

(58)

(57%)

(37%)

(323)

(200)

(38%)

Replenishment of NCLs

134

(57%)

(37%)

323

200

(38%)

Net reserve builds / (releases) for loans

(22)

299

108

(72)

(227%)

391

335

(14%)

Provision for credit losses on loans (PCLL)

307

242

(14)

714

535

(25%)

Other, net(1)

(13)

(9)

(18)

ACLL at end of period (c)

3,001

3,053

3,339

3,451

3,370

(2%)

12%

3,001

3,370

12%

Corporate ACLUC(7) (c)

1,800

1,809

1,716

1,876

2,021

12%

1,800

2,021

12%

Provision (release) for credit losses on unfunded lending commitments

104

(90)

177

135

(24%)

30%

197

222

13%

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

4,801

4,862

5,055

5,327

5,391

12%

4,801

5,391

12%

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

0.92%

0.91%

0.95%

0.94%

0.86%

(8) bps

(6) bps

Corporate NCLs (annualized) as a % of total corporate average loans

0.11%

0.05%

0.01%

0.14%

0.06%

(8) bps

(5) bps

0.14%

0.07%

(7) bps

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

Page 19

ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) AND

UNFUNDED LENDING COMMITMENTS (ACLUC)

Page 2

The following footnotes relate to the table on the preceding page (page 19):

(1) Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(2) 3Q25 primarily relates to FX translation.

(3) 4Q25 primarily relates to FX translation.

(4) 1Q26 primarily relates to FX translation.

(5) 2Q26 includes approximately $78 million related to an acquired portfolio and an increase of approximately $48 million related to FX translation.

(6) 3Q26 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 Citi's forward purchase commitment of the additional American Airlines co-branded card portfolio. This was released from unfunded lending commitments in 2Q26 and re-established as a reserve for the loans that were acquired.

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

(10) Excludes loans that are carried at fair value of $7.9 billion, $6.8 billion, $8.5 billion, $8.2 billion, and $8.5 billion at September 30, 2025, December 31, 2025, March 31, 2026, June 30, 2026, and September 30, 2026, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 20

NON-ACCRUAL ASSETS

(In millions of dollars)

3Q26 Increase/

(Decrease) from

2025

2026

2Q26

3Q25

Corporate non-accrual loans by region(1)

North America

1,280

1,145

955

784

778

(1%)

(39%)

International

791

856

1,002

963

954

(1%)

21%

Total

2,071

2,001

1,957

1,747

1,732

(1%)

(16%)

Corporate non-accrual loans(1)

Banking

820

919

971

772

797

(3%)

Services

187

337

393

419

416

(1%)

122%

Markets

926

622

472

413

400

(3%)

(57%)

Mexico SBMM

138

123

121

143

119

(17%)

(14%)

Total

2,071

2,001

1,957

1,747

1,732

(1%)

(16%)

Consumer non-accrual loans(1)

Wealth

886

847

660

728

762

(14%)

USCC

10%

Mexico Consumer

526

585

577

631

641

22%

Asia Consumer

(8%)

(25%)

Legacy Holdings Assets—Consumer

157

149

144

(6%)

(46%)

Total

1,607

1,618

1,414

1,482

1,522

(5%)

Total non-accrual loans (NAL)

3,678

3,619

3,371

3,229

3,254

(12%)

Other real estate owned (OREO)(2)

100%

134%

NAL as a percentage of total loans

0.50%

0.48%

0.44%

0.41%

0.40%

(1) bps

(10) bps

ACLL as a percentage of NAL

522%

532%

582%

618%

617%

(1)

Corporate loans are placed on non-accrual status based on a review by Citigroup's risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for consumer loans: consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans. The balances above represent non-accrual loans within Consumer loans and Corporate loans on the Consolidated Balance Sheet.

(2)

Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 21

CITIGROUP REGULATORY CAPITAL, RATIOS AND COMPOSITION

(In millions of dollars or shares, except ratios)

Sep. 30,

Dec. 31,

March 31,

June 30,

September 30,

Regulatory Capital, Ratios and Components

2025

2026

2026(1)

Risk-Based Capital Metrics

Standardized Approach

CET1 Capital

158,480

157,099

154,729

157,547

157,424

Tier 1 Capital

178,793

179,675

176,885

180,941

179,462

Total Capital

215,365

216,468

213,683

217,595

214,339

Risk-Weighted Assets (RWA)

1,194,274

1,192,174

1,214,025

1,232,309

1,231,898

CET1 Capital Ratio

13.27%

(a)

13.18%

(a)

12.75%

(a)

12.78%

(a)

12.8%

(a)

Tier 1 Capital Ratio

14.97%

(a)

15.07%

14.57%

(a)

14.68%

(a)

14.6%

(a)

Total Capital Ratio

18.03%

18.16%

17.60%

17.66%

17.4%

Advanced Approaches

CET1 Capital

158,480

157,099

154,729

157,547

157,424

Tier 1 Capital

178,793

179,675

176,885

180,941

179,462

Total Capital

206,617

206,170

204,606

208,280

205,022

Risk-Weighted Assets (RWA)

1,349,747

1,316,371

1,323,969

1,329,505

1,309,175

CET1 Capital Ratio

11.74%

11.93%

11.69%

11.85%

12.0%

Tier 1 Capital Ratio

13.25%

13.65%

(a)

13.36%

13.61%

13.7%

Total Capital Ratio

15.31%

(a)

15.66%

(a)

15.45%

(a)

15.67%

(a)

15.7%

(a)

CET1 Capital Composition

Citigroup common stockholders’ equity(2)

194,038

192,304

191,478

192,534

191,423

Add: qualifying noncontrolling interests

217

226

236

171

190

Regulatory capital adjustments and deductions:

Less:

Accumulated net unrealized gains (losses) on cash flow hedges, net of tax

(116)

(239)

(510)

(1,367)

Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax

(1,443)

(1,919)

(431)

(1,638)

(1,126)

Intangible assets:

Goodwill, net of related deferred tax liabilities (DTLs)(3)

17,876

18,482

18,373

18,391

18,424

Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs

3,169

3,135

3,150

3,829

3,751

Defined benefit pension plan net assets and other

1,725

1,822

1,730

1,711

1,493

Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards

10,807

10,784

10,465

10,214

9,889

Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(4)

3,757

3,117

3,937

3,161

3,125

CET1 Capital

158,480

157,099

154,729

157,547

157,424

Supplementary Leverage Ratio and Components

CET1 Capital

158,480

157,099

154,729

157,547

157,424

Additional Tier 1 Capital (AT1)(5)

20,313

22,576

22,156

23,394

22,038

Total Tier 1 Capital (T1C) (CET1 + AT1)

178,793

179,675

176,885

180,941

179,462

Total Leverage Exposure (TLE)

3,236,413

3,276,212

3,368,515

3,514,390

3,593,123

Supplementary Leverage ratio (T1C/TLE)

5.52%

5.48%

5.25%

5.15%

5.0%

(a)

Denotes Cit's binding constraint for each respective quarter.

(1)

September 30, 2026 is preliminary.

(2)

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

(3)

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

(4)

For all periods presented, this deduction relates only to DTAs arising from temporary differences exceeding the 10% limitation.

(5)

Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

Reclassified to conform to the current period's presentation.

Page 22

TANGIBLE COMMON EQUITY (TCE), COMMON EQUITY, BOOK VALUE

PER SHARE, TANGIBLE BOOK VALUE PER SHARE (TBVPS),

RETURNS ON COMMON EQUITY (RoCE) AND

TANGIBLE COMMON EQUITY (RoTCE)

(In millions of dollars or shares, except per share amounts and ratios)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share

Common stockholders' equity

193,973

192,241

191,409

192,465

191,359

(1%)

Less:

Goodwill

19,126

19,098

18,997

19,012

19,072

Identifiable intangible assets (other than MSRs)

3,582

3,525

3,539

4,216

4,138

Goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS

Tangible common equity (TCE)(1)

171,265

169,618

168,873

169,237

168,149

(1%)

(2%)

Common shares outstanding (CSO)

1,789.3

1,747.5

1,705.6

1,677.4

1,655.2

(1%)

(7%)

Book value per share (common equity/CSO)

108.41

110.01

112.22

114.74

115.61

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

95.72

97.06

99.01

100.89

101.59

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

Net income (loss)

3,752

2,471

5,785

5,831

5,245

11,835

16,861

Preferred dividends

274

284

305

338

353

830

996

Net income (loss) available to common shareholders

3,478

2,187

5,480

5,493

4,892

11,005

15,865

Average common stockholders' equity

195,471

193,205

192,606

193,160

192,809

(1%)

194,296

192,858

(1%)

Less:

Average goodwill and intangibles

23,169

22,763

23,360

24,105

24,116

23,485

23,889

Average TCE

172,302

170,442

169,246

169,055

168,693

(2%)

170,811

168,969

(1%)

RoCE

7.1%

4.5%

11.5%

11.4%

10.1%

(130) bps

300 bps

7.6%

11.0%

340 bps

RoTCE

8.0%

5.1%

13.1%

13.0%

11.5%

(150) bps

350 bps

8.6%

12.6%

400 bps

Average TCE (in billions of dollars)(1)(2)

Services

33.0

33.5

33.0

33.5

Markets

53.5

56.4

53.5

56.4

Banking

9.2

7.8

(15%)

9.2

7.8

(15%)

Wealth

15.4

16.2

15.4

16.2

USCC

20.3

15.5

(24%)

20.3

15.5

(24%)

All Other

40.9

39.0

39.8

39.7

39.3

(1%)

(4%)

39.4

39.6

Total Citi average TCE

172.3

170.4

169.2

169.1

168.7

(2%)

170.8

169.0

(1%)

Add:

Average goodwill

19.6

19.2

19.9

20.2

19.9

20.7

22.0

Average intangible assets (other than MSRs)

3.6

3.5

3.9

4.2

2.8

1.9

Total Citi average common stockholders' equity (in billions of dollars)

195.5

193.2

192.6

193.2

192.8

(1%)

194.3

192.9

(1%)

Income (loss) available to common shareholders (in billions of dollars)(3)

Services

2.1

2.5

2.2

2.6

24%

5.6

7.4

32%

Markets

1.7

0.8

2.6

2.4

1.7

(29%)

5.4

6.7

24%

Banking

0.3

0.4

0.3

0.4

33%

0.6

1.0

67%

Wealth

0.3

0.4

0.6

100%

0.9

1.6

78%

USCC

0.9

0.7

0.9

2.5

2.4

(4%)

All Other—managed basis(3)

(1.0)

(2.6)

(0.7)

(1.4)

(1.3)

(30%)

(3.0)

(3.2)

(7%)

Reconciling Items—divestiture-related impacts(4)

(0.8)

(0.1)

100%

(1.0)

100%

Total Citi income (loss) available to common shareholders(3)

3.5

2.2

5.5

4.9

(11%)

40%

11.0

15.9

45%

RoTCE(1)

Services

25.0%

30.0%

27.0%

30.9%

31.2%

30 bps

620 bps

22.8%

29.7%

690 bps

Markets

12.6%

6.2%

18.7%

17.0%

12.3%

(470) bps

(30) bps

13.4%

15.9%

250 bps

Banking

11.6%

15.3%

15.8%

18.0%

19.2%

120 bps

760 bps

8.5%

17.7%

920 bps

Wealth

7.8%

7.7%

10.8%

14.4%

14.3%

(10) bps

650 bps

7.6%

13.2%

560 bps

USCC

18.2%

17.3%

19.2%

22.0%

21.8%

(20) bps

360 bps

16.6%

21.0%

440 bps

All Other—managed basis(3)

(10.0%)

(26.2%)

(8.1%)

(12.8%)

(13.2%)

(10.2%)

(18.8%)

Reconciling Items—divestiture-related impacts(4)

N/A

Total Citi RoTCE

8.0%

5.1%

13.1%

13.0%

11.5%

(150) bps

350 bps

8.6%

12.6%

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Foreign currency (FX) translation impact

Total Citigroup

Total revenues—as reported

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Impact of FX translation(1)

103

189

(78)

899

Total revenues—Ex-FX(1)

22,193

20,060

24,700

24,688

23,845

(3%)

66,253

73,244

11%

Total operating expenses—as reported

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Impact of FX translation(1)

152

104

(17)

(11)

746

Total operating expenses—Ex-FX(1)

14,442

13,944

14,294

14,204

13,952

(2%)

(3%)

42,038

42,478

Total provisions for credit losses and PBC—as reported

2,450

2,220

2,805

2,522

2,586

8,045

7,913

(2%)

Impact of FX translation(1)

(5)

145

Total provisions for credit losses and PBC—Ex-FX(1)

2,467

2,241

2,811

2,517

2,586

8,190

7,913

(3%)

Total EBIT—as reported

5,350

3,811

7,517

8,029

7,307

(9%)

37%

16,017

22,853

43%

Impact of FX translation(1)

(66)

(62)

Total EBIT—Ex-FX(1)

5,284

3,875

7,595

7,967

7,307

(8%)

38%

16,025

22,853

43%

Total EOP Loans—as reported

734

752

762

794

820

12%

Impact of FX translation(1)

(2)

(1)

Total EOP Loans—Ex-FX(1)

732

750

761

793

820

12%

Total EOP Deposits—as reported

1,384

1,404

1,446

1,493

1,505

Impact of FX translation(1)

(4)

(5)

Total EOP Deposits—Ex-FX(1)

1,380

1,399

1,447

1,493

1,505

Total Average Loans—as reported

725

737

755

785

809

12%

709

783

10%

Impact of FX translation(1)

Total Average Loans—Ex-FX(1)

727

739

755

785

809

11%

716

783

Total Average Deposits—as reported

1,382

1,422

1,446

1,504

1,528

11%

1,343

1,493

11%

Impact of FX translation(1)

(1)

Total Average Deposits—Ex-FX(1)

1,384

1,426

1,445

1,503

1,528

10%

1,358

1,493

10%

Legacy Franchises—Mexico Consumer/SBMM

All Other—Legacy Franchises (LF) Mexico Consumer/SBMM revenues—as reported

1,722

1,775

2,054

1,996

2,032

18%

4,725

6,082

29%

Impact of FX translation(1)

(1)

458

All Other—LF Mexico Consumer/SBMM revenues—Ex-FX(1)

1,821

1,850

2,063

1,995

2,032

12%

5,183

6,082

17%

All Other—LF Mexico Consumer/SBMM expenses—as reported

1,772

962

1,181

1,060

1,058

(40%)

3,816

3,299

(14%)

Impact of FX translation(1)

116

(1)

421

All Other—LF Mexico Consumer/SBMM expenses—Ex-FX(1)

1,888

1,006

1,186

1,059

1,058

(44%)

4,237

3,299

(22%)

(1)

Reflects the impact of foreign currency (FX) translation into U.S. dollars applying the third quarter of 2026 average exchange rates for all quarterly periods, and YTD 2026 average exchange rates for nine-months results, with the exception of EOP loans and deposits, which were calculated based on exchange rates as of September 30, 2026. Citi's results excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 24

Reconciliation of Adjusted Results (Page 1)

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

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

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

Total Citigroup revenues—as reported

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Less:

Total divestiture-related Impacts on revenues

(1)

(175)

Total Citigroup revenues, excluding divestitures impacts(*)

22,088

19,872

24,620

24,746

23,833

(4%)

65,529

73,199

12%

Total Citigroup revenues—as reported

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Less:

Notable item—Russia HFS accounting treatment loss impact on revenues(1)

(1,173)

Total Citigroup revenues, excluding notable item(s) impact(*)

22,090

21,044

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Total Citigroup net interest income (NII)—as reported

14,940

15,665

15,741

17,125

16,982

(1%)

14%

44,127

49,848

13%

Markets NII(2)

2,178

2,761

2,797

4,002

3,273

6,926

10,072

Citigroup NII ex-Markets(*)

12,762

12,904

12,944

13,123

13,709

37,201

39,776

Total Citigroup non-interest revenue (NIR)—as reported

7,150

4,206

8,892

7,641

6,863

(10%)

(4%)

21,227

23,396

10%

Markets NIR(2)

3,567

1,848

4,449

3,005

2,840

10,874

10,294

Citigroup NIR ex-Markets(*)

3,583

2,358

4,443

4,636

4,023

(13%)

12%

10,353

13,102

27%

Less:

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

(1,192)

Citigroup NIR ex-Markets, excluding notable item(s) impact(*)

3,583

3,550

4,443

4,636

4,023

(13%)

12%

10,353

13,102

27%

Total Citigroup operating expenses

Total Citigroup operating expenses—as reported

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Less:

Notable item—Mexico goodwill impairment charge impact on operating expenses(4)

726

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

13,564

13,840

14,311

14,215

13,952

(2%)

40,566

42,478

Total Citigroup revenues—as reported

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Total Citigroup operating expenses—as reported

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Total Citigroup efficiency ratio—as reported

64.7%

69.6%

58.1%

57.4%

58.5%

110 bps

(620) bps

63.2%

58.0%

(520) bps

Less:

Notable item(s) impact(s) on revenues(1)

(1,173)

Total Citigroup revenues, excluding notable item(s)(*)

22,090

21,044

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Less:

Notable item(s) impact(s) on operating expenses(4)

726

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

13,564

13,840

14,311

14,215

13,952

(2%)

40,566

42,478

Total Citigroup efficiency ratio, excluding notable item(s)(*)

61.4%

65.8%

58.1%

57.4%

58.5%

110 bps

(290) bps

62.1%

58.0%

(410) bps

Represents a non-GAAP financial measure.

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

(2) See page 6 for details.

(3) 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.

(4) See footnote 2 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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Total Citigroup operating expenses

Total Citigroup other operating expenses(1)—as reported

3,386

3,168

2,369

2,613

2,745

(19%)

8,341

7,727

(7%)

Less:

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

726

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

2,660

3,168

2,369

2,613

2,745

7,615

7,727

Notable items adjustments

Total Citigroup net income—as reported

3,752

2,471

5,785

5,831

5,245

(10%)

40%

11,835

16,861

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)(*)

4,466

3,594

5,785

5,831

5,245

(10%)

17%

12,549

16,861

34%

Total Citigroup diluted EPS—as reported

1.86

1.19

3.06

3.15

2.85

(10%)

53%

5.78

9.07

57%

Less:

Notable item(s)(2)(3)

(0.38)

(0.62)

(0.37)

Total Citigroup diluted EPS, excluding notable item(s)(*)

2.24

1.81

3.06

3.15

2.85

(10%)

27%

6.15

9.07

47%

Total Citigroup diluted EPS—as reported

1.86

1.19

3.06

3.15

2.85

(10%)

53%

5.78

9.07

57%

Less:

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

(0.62)

Total Citigroup diluted EPS, excluding notable item(*)

1.86

1.81

3.06

3.15

2.85

(10%)

53%

5.78

9.07

57%

Total Citigroup RoCE—as reported

7.1%

4.5%

11.5%

11.4%

10.1%

(130) bps

300 bps

7.6%

11.0%

340 bps

Less:

Notable item(s)(2)(3)

(140) bps

(230) bps

0 bps

(50) bps

0 bps

Total Citigroup RoCE, excluding notable items(*)

8.5%

6.8%

11.5%

11.4%

10.1%

(130) bps

160 bps

8.1%

11.0%

290 bps

Total Citigroup RoTCE—as reported

8.0%

5.1%

13.1%

13.0%

11.5%

(150) bps

350 bps

8.6%

12.6%

400 bps

Less:

Notable item(s)(2)(3)

(170) bps

(260) bps

0 bps

(60) bps

0 bps

Total Citigroup RoTCE, excluding notable items(*)

9.7%

7.7%

13.1%

13.0%

11.5%

(150) bps

180 bps

9.2%

12.6%

340 bps

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

All Other revenues—managed basis(*)

1,471

(208)

1,682

1,737

1,432

(18%)

(3%)

4,650

4,851

Add:

Total divestiture-related impacts on revenues

(1)

(175)

All Other revenues—U.S. GAAP

1,473

(209)

1,695

1,757

1,444

(18%)

(2%)

4,475

4,896

All Other operating expenses—managed basis(*)

2,169

2,026

2,144

2,220

1,874

(16%)

(14%)

6,672

6,238

(7%)

Add:

Total divestiture-related impacts on operating expenses(5)

766

837

All Other operating expenses—U.S. GAAP

2,935

2,066

2,175

2,245

1,881

(16%)

(36%)

7,509

6,301

(16%)

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

331

449

400

438

532

21%

61%

1,064

1,370

29%

Add:

Total divestiture-related impacts on provisions for credit losses

(3)

(1)

(2)

(9)

(1)

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

328

448

401

436

532

22%

62%

1,055

1,369

30%

All Other EBIT—managed basis(*)

(1,029)

(2,683)

(862)

(921)

(974)

(6%)

(3,086)

(2,757)

11%

Add:

Total divestiture-related impacts on revenues

(1)

(175)

Total divestiture-related impacts on operating expenses(5)

(766)

(40)

(31)

(25)

(7)

(837)

(63)

Total divestiture-related impacts on provisions for credit losses

(1)

All Other EBIT—U.S. GAAP

(1,790)

(2,723)

(881)

(924)

(969)

(5%)

46%

(4,089)

(2,774)

32%

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 2 on page 14 for details.

(3)

See footnote 4 on page 12 for details.

(4)

(5)

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

All Other (managed basis)(1)(*)

All Other net income (loss)—managed basis

(756)

(2,290)

(494)

(923)

(955)

(3%)

(26%)

(2,164)

(2,372)

(10%)

Add:

Total divestiture-related impacts on revenue

(1)

(175)

Total divestiture-related impacts on operating expenses(2)

(766)

(40)

(31)

(25)

(7)

(837)

(63)

Total divestiture-related impacts on provisions for credit losses

(1)

Total divestiture-related impacts on income taxes

(16)

(70)

All Other net income (loss)—U.S. GAAP

(1,533)

(2,400)

(506)

(925)

(949)

(3%)

38%

(3,136)

(2,380)

24%

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

Legacy Franchises revenues (managed basis)—as reported

1,871

329

2,161

2,053

1,847

(10%)

(1%)

5,183

6,061

17%

Less:

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

(1,556)

LF revenues, excluding notable item(s) impact(*)

1,871

1,885

2,161

2,053

1,847

(10%)

(1%)

5,183

6,061

17%

LF revenues—managed basis(*)

1,871

329

2,161

2,053

1,847

(10%)

(1%)

5,183

6,061

17%

Add:

Total divestiture-related impacts on revenues

(1)

(175)

LF revenues—U.S. GAAP

1,873

328

2,174

2,073

1,859

(10%)

(1%)

5,008

6,106

22%

LF operating expenses—managed basis(*)

1,320

1,222

1,324

1,243

1,182

(5%)

(10%)

3,941

3,749

(5%)

Add:

Total divestiture-related impacts on operating expenses(2)

766

837

LF operating expenses—U.S. GAAP

2,086

1,262

1,355

1,268

1,189

(6%)

(43%)

4,778

3,812

(20%)

LF provisions for credit losses—managed basis(*)

327

447

409

440

530

20%

62%

1,056

1,379

31%

Add:

Total divestiture-related impacts on provisions for credit losses

(3)

(1)

(2)

(9)

(1)

LF provisions for credit losses—U.S. GAAP

324

446

410

438

530

21%

64%

1,047

1,378

32%

LF EBIT—managed basis(*)

224

(1,340)

428

370

135

(64%)

(40%)

186

933

402%

Add:

Total divestiture-related impacts on revenue

(1)

(175)

Total divestiture-related impacts on operating expenses(2)

(766)

(40)

(31)

(25)

(7)

(837)

(63)

Total divestiture-related impacts on provisions for credit losses

(1)

LF EBIT—U.S. GAAP

(537)

(1,380)

409

367

140

(62%)

(817)

916

LF net income (loss)—managed basis(*)

155

(1,496)

177

(74)

155

194

25%

Add:

Total divestiture-related impacts on revenue

(1)

(175)

Total divestiture-related impacts on operating expenses(2)

(766)

(40)

(31)

(25)

(7)

(837)

(63)

Total divestiture-related impacts on provisions for credit losses

(1)

Total divestiture-related impacts on income taxes

(16)

(70)

LF net income (loss)—U.S. GAAP

(622)

(1,606)

165

(68)

89%

(817)

186

Represents a non-GAAP financial measure.

(1)

(2)

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

(3)

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Services

Services revenues—as reported

5,730

6,272

6,103

6,382

6,614

15%

16,364

19,099

17%

Less:

Notable item—portion of Russia HFS accounting treatment impact on services revenues(1)

356

Services revenues, excluding notable item(s) impact(*)

5,730

5,916

6,103

6,382

6,614

15%

16,364

19,099

17%

Services non-interest revenue (NIR)—as reported

1,907

2,222

1,960

2,091

2,142

12%

5,413

6,193

14%

Less:

Notable item—portion of Russia HFS accounting treatment impact on services revenues(1)

356

Services NIR, excluding notable item(s) impact(*)

1,907

1,866

1,960

2,091

2,142

12%

5,413

6,193

14%

Banking—Corporate Lending revenues

Banking—Corporate Lending revenues—as reported

409

417

441

374

391

(4%)

1,186

1,206

Gain (loss) on loan hedges(2)

(44)

(26)

(32)

(92)

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

453

443

391

406

382

(6%)

(16%)

1,278

1,179

(8%)

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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Total Citigroup revenues

Total Citigroup revenues—as reported

22,090

19,871

24,633

24,766

23,845

(4%)

65,354

73,244

12%

Less:

Total divestiture-related impacts on revenues

(1)

(175)

Notable item—Russia HFS accounting treatment loss impact on revenues(2)

(1,173)

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

22,088

21,045

24,620

24,746

23,833

(4%)

65,529

73,199

12%

Total Citigroup operating expenses—as reported

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Less:

Total divestiture-related impacts on expenses(3)

766

837

FDIC special assessment(4)

(47)

(191)

(47)

Total Citigroup operating expenses, excluding divestitures impacts and FDIC special assessment(4)(*)

13,571

13,991

14,280

14,190

13,945

(2%)

40,502

42,415

Total Citigroup operating expenses—as reported

14,290

13,840

14,311

14,215

13,952

(2%)

41,292

42,478

Less:

Goodwill impairment(5)

726

Total Citigroup operating expenses, excluding goodwill impairment(*)

13,564

13,840

14,311

14,215

13,952

(2%)

40,566

42,478

Total Citigroup RoCE and RoTCE

Total Citigroup RoCE—as reported

7.1%

4.5%

11.5%

11.4%

10.1%

(130) bps

300 bps

7.6%

11.0%

340 bps

Less:

Notable item—Russia HFS accounting treatment loss impact on net income(2)

0 bps

(230) bps

0 bps

Total Citigroup RoCE, excluding notable item(*)

7.1%

6.8%

11.5%

11.4%

10.1%

(130) bps

300 bps

7.6%

11.0%

340 bps

Total Citigroup RoTCE—as reported

8.0%

5.1%

13.1%

13.0%

11.5%

(150) bps

350 bps

8.6%

12.6%

400 bps

Less:

Notable item—Russia HFS accounting treatment loss impact on net income(2)

0 bps

(260) bps

0 bps

Total Citigroup RoTCE, excluding notable item(*)

8.0%

7.7%

13.1%

13.0%

11.5%

(150) bps

350 bps

8.6%

12.6%

400 bps

Represents a non-GAAP financial measure.

(1)

Not used.

(2)

See footnote 4 on page 12 for details.

(3)

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

(4)

Federal Deposit Insurance Corporation (FDIC) Special Assessment.

(5)

See footnote 2 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)

3Q26 Increase/

Nine

YTD 2026 vs.

(Decrease) from

Months

YTD 2025 Increase

2025

2026

2Q26

3Q25

2025

2026

(Decrease)

Legacy Franchises (LF) exits contribution

Revenues

Closed or signed markets revenues—Ex-divestitures

122

(1,456)

(1)

348

130

(63%)

Add:

Divestiture-related impacts on closed or signed markets revenues

(1)

(175)

Closed or signed markets revenues—U.S. GAAP

124

(1,457)

(91%)

(95%)

173

165

(5%)

Mexico Consumer/SBMM revenues—Ex-divestitures

1,722

1,775

2,054

1,991

2,027

18%

4,725

6,072

29%

Add:

Divestiture-related impacts on Mexico/SBMM

Mexico Consumer/SBMM revenues—U.S. GAAP

1,722

1,775

2,054

1,996

2,032

18%

4,725

6,082

29%

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

(179)

110

(141)

Add:

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

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

(179)

110

(141)

Expenses

Closed or signed markets expenses—Ex-divestitures

133

108

(1)

429

142

(67%)

Add:

Divestiture-related impacts on closed or signed markets expenses

Closed or signed markets expenses—U.S. GAAP

137

116

(99%)

450

155

(66%)

Mexico Consumer/SBMM expenses—Ex-divestitures

1,013

928

1,157

1,041

1,054

3,006

3,252

Add:

Divestiture-related impacts on Mexico/SBMM

759

810

Mexico Consumer/SBMM expenses—U.S. GAAP

1,772

962

1,181

1,060

1,058

(40%)

3,816

3,299

(14%)

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

174

186

134

129

(4%)

(26%)

506

355

(30%)

Add:

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

(2)

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

177

184

134

130

(3%)

(27%)

512

358

(30%)

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 30

EX-99.3

Filename: c-20261013xex99d3.htm · Sequence: 4

Citigroup Inc._October 13, 2026

Exhibit 99.3

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

Title of each class

Ticker

Symbol(s)

Title for iXBRL

Name of each

exchange on

which

registered

Common Stock, par value $.01 per share

New York Stock Exchange

Depositary Shares, each representing a 1/1,000th interest in a share of 6.250% Noncumulative Preferred Stock, Series II

C PR R

Dep Shs, represent 1/1,000th interest in a share of 6.250% Noncum Pref Stk, Ser II

New York Stock Exchange

7.625% Trust Preferred Securities of Citigroup Capital III (and registrant’s guaranty with respect thereto)

C/36Y

7.625% TRUPs of Cap III (and registrant’s guaranty)

New York Stock Exchange

7.875% Fixed Rate / Floating Rate Trust Preferred Securities (TruPS®) of Citigroup Capital XIII (and registrant’s guaranty with respect thereto)

C N

7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)

New York Stock Exchange

Medium-Term Senior Notes, Series N, Callable Fixed Rate Notes Due April 26, 2028 of CGMHI (and registrant’s guaranty with respect thereto)

C/28

MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)

New York Stock Exchange

Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 15, 2028 of CGMHI (and registrant’s guaranty with respect thereto)

C/28A

MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)

New York Stock Exchange

Medium-Term Senior Notes, Series N, Floating Rate Notes Due October 6, 2028 of CGMHI (and registrant’s guaranty with respect thereto)

C/28B

MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)

New York Stock Exchange

Medium-Term Senior Notes, Series N, Floating Rate Notes Due March 21, 2029 of CGMHI (and registrant’s guaranty with respect thereto)

C/29A

MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)

New York Stock Exchange

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Filename: R1.htm · Sequence: 13

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Document and Entity Information

Oct. 13, 2026

Document Type

8-K

Document Period End Date

Oct. 13, 2026

Entity File Number

1-9924

Entity Registrant Name

Citigroup Inc.

Entity Incorporation, State or Country Code

Entity Tax Identification Number

52-1568099

Entity Address, Address Line One

388 Greenwich Street

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Common Stock [Member]

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NYSE

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Dep Shs, represent 1/1,000th interest in a share of 6.250% Noncum Pref Stk, Ser II

Trading Symbol

C PR R

Security Exchange Name

NYSE

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NYSE

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7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)

Trading Symbol

C N

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NYSE

Series N Medium Term Senior Notes Due Apr 2028 [Member]

Title of 12(b) Security

MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)

Trading Symbol

C/28

Security Exchange Name

NYSE

Series N Medium Term Senior Notes Due Sept 2026 [Member]

Title of 12(b) Security

MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)

Trading Symbol

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Security Exchange Name

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Series N Medium Term Senior Notes Due Sept 2028 [Member]

Title of 12(b) Security

MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)

Trading Symbol

C/28B

Security Exchange Name

NYSE

Series N Medium Term Senior Notes Due Oct 2028 [Member]

Title of 12(b) Security

MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)

Trading Symbol

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