Slide 1: Earnings Results Presentation Third Quarter 2026
October 13, 2026 Earnings Results Presentation Third Quarter 2026
Slide 2: Delivering strong performance in 3Q26
Delivering strong performance in 3Q26 REVENUES NET INCOME EPS CET1 CAPITAL RATIO(a) 3Q26 $23.8 billion 3Q26 $5.2 billion 3Q26 $2.85 3Q26 12.8% ∆ 3Q25 8% ∆ 3Q25 40% reported ∆ 3Q25 53% reported 3Q25 13.3% 17% ex-notable item(h) 27% ex-notable item(h) ROE RoTCE(b) BOOK VALUE PER SHARE TANGIBLE BOOK VA
Slide 3: Citi's interconnected businesses driving strong 3Q26 performance
Citi’s interconnected businesses driving strong 3Q26 performance GLOBAL NETWORK INTERCONNECTED DIVERSIFIED Services Markets Banking Wealth U.S. Consumer Cards TTS : #1 Rank(1) #4 Overall Rank(3) Investment Banking: Private Bank (Global): #3 Rank in U.S. Cards(7) TTS: gained ~110 bps of #5 Rank(5) #6
Slide 4: Financial results overview
Financial results overview Financial Results 3Q26 Financial Overview Highlights ($ in MM, except EPS) 3Q26 % Δ QoQ % Δ YoY YTD'26 % Δ YoY Net Interest Income 16,982 (1)% 14% 49,848 13% REVENUES up 8% YoY, driven by growth in Services, Wealth, Markets and Banking, partially offset by a decline in All
Slide 5: Quarterly expense trend
Quarterly expense trend Expense Overview ($ in B) Reported Efficiency Ratio 69.6% 64.7% 65.8% ex-notable item(h) 58.1% 58.5% 61.4% ex-notable item(h) 57.4% YoY $14.3 $13.8 $14.3 $14.2 $14.0 (2)% 0.7 1.2 1.3 1.1 1.2 1.3 20% 2.4 2.3 2.3 2.3 1% 2.3 2.4 2.6 2.7 3.2 2.7 3% 7.5 8.4 8.0 7.5 1% 7.1 3Q25 4Q2
Slide 6: U.S. credit cards and corporate credit overview
U.S. credit cards and corporate credit overview Citi had over $22B in total reserves with a reserve-to-funded loan ratio of 2.5% as of September 30 ($ in B) U.S. Cards Loans Corporate Lending Exposure EOP Loans EOP Loans by FICO Score(1) By Region By Grade Rating General IG 77% 79% 79% 82% 84% 84% ≥
Slide 7: Capital, liquidity and balance sheet overview
Capital, liquidity and balance sheet overview Regulatory Capital & Liquidity Metrics End of Period Assets ($ in B) 3Q25 2Q26 3Q26 ($ in B) QoQ YoY CET1 Capital(a) 158 158 157 $2,895 $2,941 2% 11% $2,642 Standardized RWA 1,194 1,232 1,232 366 355 (3)% 2% Cash 348 CET1 Capital Ratio - Standardized (a)
Slide 8: Services
Services Financial Results 3Q Highlights ($ in MM) 3Q26 % Δ QoQ % Δ YoY REVENUES up 15% YoY, driven by growth in both TTS and Securities Services Net Interest Income 3,671 4% 18% Non-Interest Revenue 1,231 3% 12% ‒ NII up 17% YoY, driven by higher average deposit balances and deposit spreads Treasur
Slide 9: Markets
Markets Financial Results 3Q Highlights ($ in MM) 3Q26 % Δ QoQ % Δ YoY REVENUES up 6% YoY, driven by growth across both Equity and Fixed Income Rates and Currencies 2,965 (9)% - Markets Spread Products / Other Fixed Income 1,421 (3)% 13% ‒ Fixed Income Markets up 4% YoY, with Spread Products / Other
Slide 10: Banking
Banking Financial Results 3Q Highlights ($ in MM) 3Q26 % Δ QoQ % Δ YoY REVENUES up 6% YoY, driven by growth in Investment Banking and gains on loan Investment Banking 1,350 (13)% 9% hedges, partially offset by a decline in Corporate Lending ex-gain/(loss) on loan Corporate Lending (ex-gain/(loss))(1
Slide 11: Wealth
Wealth Financial Results 3Q Highlights ($ in MM) 3Q26 % Δ QoQ % Δ YoY REVENUES up 15% YoY, driven by growth across all businesses Citigold and Retail Banking 2,275 4% 16% Private Bank 766 - 17% − NII up 20% YoY, driven by higher deposit spreads and average deposit balances, partially offset by lower
Slide 12: U.S. Consumer Cards
U.S. Consumer Cards(1) Financial Results 3Q Highlights ($ in MM) 3Q26 % Δ QoQ % Δ YoY REVENUES flat YoY Net Interest Income 5,422 5% 6% − NII up 6% YoY, driven by higher interest-earning balances Non-Interest Revenue (758) (15)% (62)% Total Revenues 4,664 3% - − NIR down (62)% YoY, driven by higher
Slide 13: All Other (Managed Basis)
All Other (Managed Basis(g)) Financial Results 3Q Highlights ($ in MM) 3Q26 % Δ QoQ % Δ YoY REVENUES down (3)% YoY, driven by declines in Legacy Franchises and Legacy Franchises 1,847 (10)% (1)% Corporate/Other Corporate/Other (415) (31)% (4)% − Legacy Franchises down (1)% YoY, driven by the continu
Slide 14: Full year 2026 guidance, subject to macro and market conditions
Full year 2026 guidance, subject to macro and market conditions • NII ex-Markets up mid-to-high 6% range(1) REVENUES • NIR ex-Markets(1) growth driven by continued fee momentum in Services, Banking and Wealth, partially offset by USCC EXPENSES • Efficiency ratio below 60% COST OF • U.S. Cards NCLs o
Slide 15: Forward-looking statements
Certain statements in this presentation 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 g
Slide 16: Net interest income, average loans and deposits
Net interest income, average loans and deposits ($ in B) Net Interest Income 2.49% 2.46% 2.54% 2.40% 2.43% Citigroup NIM QoQ YoY $17.13 $16.98 $(0.14) $2.04 Citigroup NII $14.94 $15.67 $15.74 2.80 4.00 3.27 $(0.73) $1.10 Markets NII 2.18 2.76 NII ex-Markets(e) 12.76 12.90 12.94 13.12 13.71 $0.59 $0.
Slide 17: Credit trends for U.S. Consumer Cards
Credit trends for U.S. Consumer Cards U.S. Consumer Credit Cards ACLL Balance ($ in B) ACLL / EOP Loan $13.3 $13.6 $13.4 $13.4 $13.4 $13.3 $13.4 $13.5 $13.7 8.2% 7.9% 8.2% 8.0% 8.0% 8.0% 7.7% 7.6% 7.7% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 General
Slide 18: YTD'26 financial summary of businesses
YTD’26 financial summary of businesses All Other (Managed Basis)(g) U.S. Consumer Legacy Franchises Reconciling YTD'26 Services Markets Banking Wealth Corporate/Other Total Cards (Managed Basis)(g) Items (g) (P&L $ in MM; Balance Sheet $ in B) $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ
Slide 19: Historical average deposit growth
Historical average deposit growth ($ in B) Total CAGR: 3.2% Services CAGR: 4.8% 1,504 1,528 1,422 1,446 72 75 1,370 1,361 1,363 1,382 1,343 1,334 1,323 1,316 1,338 1,315 1,320 1,326 1,310 1,311 1,320 1,343 71 1,305 1,304 1,321 1,305 80 1,268 110 84 116 90 88 112 106 100 80 88 129 128 123 101 103 105
Slide 20: Banamex – Summary of impacts
Banamex – Summary of impacts • Upon Citi's complete divestiture of Banamex, the cumulative net capital impact is expected to be accretive, driven by: Cumulative capital impact from o Denominator: elimination of the Banamex RWA 100% to 0% o Numerator: release of certain CET1 deductions, such as disal
Slide 21: Improving performance in the near and medium terms
Improving performance in the near and medium terms KEY DRIVERS IN Client-driven Continued efficiencies to fuel Capital productivity ACHIEVING growth investments and growth gains HIGHER RETURNS 2026 NEAR TERM(1) MEDIUM TERM(2) REVENUES MID-SINGLE-DIGITS CAGR ex-LF & RI(4) EFFICIENCY Below 60% ~55-60%
Slide 22: Business Targets
Business Targets CONTINUED BUSINESS IMPROVEMENT Revenues RoTCE(b) Near term(1,3) Near term(1, 3) Medium term(2, 3) Mid-20s SERVICES Low-to-mid-single-digits CAGR through the cycle(4) MARKETS Mid-single-digits CAGR 11.5-13% 13%+ Mid-to-high- BANKING Low-to-mid-single-digits CAGR Mid-teens teens WEALT
Slide 23: Tangible common equity reconciliation and Citigroup returns
Tangible common equity reconciliation and Citigroup returns Tangible Common Equity and Tangible Book Value Per Share Return on Tangible Common Equity (RoTCE) ($ in MM, except per share amounts) 3Q25 2Q26 3Q26 ($ in MM, except per share amounts) 3Q25 2Q26 3Q26 Common Stockholders' Equity 193,973 192,
Slide 24: FX impact
FX impact Foreign Currency (FX) Translation Impact(1) (P&L $ in MM; Balance Sheet $ in B) Total Citigroup 3Q25 4Q25 1Q26 2Q26 3Q26 % Δ QoQ % Δ YoY Total Revenues (reported) 22,090 19,871 24,633 24,766 23,845 (4)% 8% Impact of FX translation 103 189 67 (78) – Total Revenues ex-FX 22,193 20,060 24,700
Slide 25: Glossary
Glossary ACL: Allowance for Credit Losses FICO: Fair Isaac Corporation NM: Not Meaningful ACLL: Allowance for Credit Losses on Loans FX: Foreign Exchange NNIA: Net New Investment Assets AFS: Available for Sale FY: Full Year P&L: Profit and Loss APAC: Asia–Pacific GAAP: Generally Accepted Accounting
Slide 26: Footnotes
Footnotes Global a) 3Q26 is preliminary. Citigroup’s binding CET1 Capital ratios were derived under the U.S. Basel III Standardized Approach. For the composition of Citigroup’s CET1 Capital, please refer to the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended September 30, 20
Slide 27: Footnotes (cont.)
Footnotes (cont.) Slide 2 1) Subject to quarterly approval by Citigroup's Board of Directors. 2) On August 11, 2026, Citi completed the sale of 1.4% of Banamex’s outstanding common stock, representing the final portion of the previously announced 24% stake that investors had committed to acquire; fo
Slide 28: Footnotes (cont.)
Footnotes (cont.) Slide 6 1) FICO scores are updated as they become available. 2) Primarily reflects the U.S. 3) Excludes corporate loans that are carried at fair value of $8.5 billion, $8.2 billion and $7.9 billion at September 30, 2026, June 30, 2026, and September 30, 2025, respectively. Slide 7
Slide 29: Footnotes (cont.)
Footnotes (cont.) Slide 10 1) 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 loa
Slide 30: Footnotes (cont.)
Footnotes (cont.) Slide 13 1) Allowance for Credit Losses (ACL) Build (Release) and Other provisions includes a net ACL build of approximately $19 million related to loans and unfunded lending commitments as well as other provisions of approximately $80 million relating to policyholder benefits and
Slide 31: Footnotes (cont.)
Footnotes (cont.) Slide 16 1) Gross Loan Yield is defined as gross interest revenue earned on loans divided by average loans. 2) Cost of Interest-Bearing Deposits is defined as interest expense associated with Citi’s deposits divided by average interest-bearing deposits. Slide 20 1) Represents the c
Slide 32: Footnotes (cont.)
Footnotes (cont.) Slide 21 1) Citi defines the near-term period as 2027-2028. Citi expects to be within the near-term RoTCE range for both 2027 and 2028. Near-term CAGR targets refer to the period from 2025-2028. Citi expects to reach near-term non-CAGR targets over the near term. All near-term amou
Slide 33: Footnotes (cont.)
Footnotes (cont.) Slide 23 1) Net income to common for All Other (Managed Basis) is reduced by preferred dividends of $353 million in 3Q26, $274 million in 3Q25, $996 million YTD 2026 and $830 million YTD 2025. 2) Reconciling Items consist of the divestiture-related impacts excluded from the results