Slide 1: Earnings Results Presentation First Quarter 2026
April 14, 2026 Earnings Results Presentation First Quarter 2026
Slide 2: Our strategy and path forward remain unchanged
Our strategy and path forward remain unchanged OUR VISION Be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in our home market of the United States DELIVERING ON OUR 2022 INVESTOR DAY PRIORITIES LARGELY COMPLET
Slide 3: Delivering strong performance in 1Q26
Delivering strong performance in 1Q26(a,b) Revenues Net Income EPS CET1 Capital Ratio(c) 1Q26 $24.6 billion 1Q26 $5.8 billion 1Q26 $3.06 1Q26 12.7% ∆ 1Q25 14% ∆ 1Q25 42% ∆ 1Q25 56% 1Q25 13.4% ROE RoTCE(d) Book Value Per Share Tangible Book Value Per Share(e) 1Q26 11.5% 1Q26 13.1% 1Q26 $112.22 1Q26 $
Slide 4: Five interconnected businesses driving strong 1Q26 performance
Five interconnected businesses driving strong 1Q26 performance GLOBAL NETWORK INTERCONNECTED DIVERSIFIED Services Markets Banking Wealth U.S. Consumer Cards TTS : #1 Rank(1) #3 Overall Rank (tied)(3) Investment Banking: #5 Private Bank (Global): #3 Rank in U.S. Cards(8) TTS: gained ~100 bps of Rank(
Slide 5: Making continued progress on Citi's top two priorities
Making continued progress on Citi’s top two priorities 1Q26 Business Achievements 1Q26 Transformation and Technology ✓ Services continuing to see a high win rate for new mandates, including Foundations BlackRock’s select middle office services for $4.0 trillion in U.S. domiciled • 90% of our Transfo
Slide 6: Financial results overview
Financial results overview Financial Results 1Q26 Financial Overview Highlights ($ in MM, except EPS) 1Q26 % Δ QoQ % Δ YoY • Revenues – Up 14%(a) YoY, driven by continued growth in each of our Net Interest Income 15,741 - 12% businesses Non-Interest Revenue 8,892 111% 17% – NII up 12% YoY, driven by
Slide 7: Quarterly expense trend and year-over-year expense drivers
Quarterly expense trend and year-over-year expense drivers Expense Overview 1Q26 Expense Drivers ($ in B) Expenses ex-Divestitures and $13.4 $13.6 $13.6 $14.0 $14.3 Transactional and FDIC Special Assessment(1) Product Servicing • Higher volumes in Markets, Services, U.S. 69.6% Consumer Cards and Ban
Slide 8: U.S. credit cards and corporate credit overview
U.S. credit cards and corporate credit overview Citi had nearly $22B in total reserves with a reserve-to-funded loans ratio of 2.6% as of March 31 ($ in B) U.S. Cards Loans Corporate Lending Exposure EOP Loans EOP Loans by FICO Score(1) By Region By Grade Rating International Exposure Other, 11% Gen
Slide 9: Capital and balance sheet overview
Capital and balance sheet overview Regulatory Capital & Liquidity Metrics End of Period Assets ($ in B) ($ in B) 1Q25 4Q25 1Q26 QoQ YoY (c) CET1 Capital 156 157 155 $2,657 $2,778 5% 8% $2,572 Standardized RWA 1,162 1,192 1,217 386 10% 25% (c) Cash 308 350 CET1 Capital Ratio - Standardized 13.4% 13.2
Slide 10: Services
Services Financial Results 1Q Highlights ($ in MM) 1Q26 % Δ QoQ % Δ YoY • Revenues – Up 17%(a) YoY, driven by growth in both TTS and Securities Services Net Interest Income 3,424 4% 20% ‒ NII up 18% YoY, driven by higher average deposit balances and deposit Non-Interest Revenue 1,192 1% 12% spreads
Slide 11: Markets
Markets Financial Results 1Q Highlights ($ in MM) 1Q26 % Δ QoQ % Δ YoY • Revenues – Up 19% YoY, driven by growth across both Fixed Income and Equity Rates and Currencies 3,311 35% 6% Markets Spread Products / Other Fixed Income 1,855 68% 27% ‒ Fixed Income Markets up 13% YoY, with Rates and Currenci
Slide 12: Banking
Banking Financial Results 1Q Highlights ($ in MM) 1Q26 % Δ QoQ % Δ YoY • Revenues – Up 15% YoY, driven by growth in Investment Banking Investment Banking 1,326 (2)% 19% − Investment Banking fees up 12% YoY, driven by growth in Advisory and ECM, Corporate Lending (ex-gain/(loss))(1) 391 (12)% (3)% pa
Slide 13: Wealth
Wealth Financial Results 1Q Highlights ($ in MM) 1Q26 % Δ QoQ % Δ YoY • Revenues – Up 11% YoY, driven by growth in Citigold and Retail Banking and the Citigold and Retail Banking 2,062 3% 13% Private Bank, partially offset by a decline in Wealth at Work Private Bank 757 21% 14% – NII up 14% YoY, dri
Slide 14: U.S. Consumer Cards
U.S. Consumer Cards Financial Results 1Q Highlights ($ in MM) 1Q26 % Δ QoQ % Δ YoY • Revenues – Up 4% YoY, driven by growth in NII on higher interest-earning Net Interest Income 5,116 (1)% 3% balances and spreads, as well as higher NIR on lower partner payment accruals Non-Interest Revenue (359) 38%
Slide 15: All Other (Managed Basis)
All Other (Managed Basis(i)) Financial Results 1Q Highlights ($ in MM) 1Q26 % Δ QoQ % Δ YoY • Revenues – $1.7 billion, compared to $1.5 billion in the prior-year period, driven Legacy Franchises (Managed Basis) 2,161 NM 33% by an increase in Legacy Franchises, largely offset by a decline in Corporat
Slide 16: Full year 2026 guidance, subject to macro and market conditions
Full year 2026 guidance, subject to macro and market conditions • NII ex-Markets up ~5 – 6%(g,1) Revenues • NIR ex-Markets(h,1) growth driven by continued fee momentum in Services, Banking and Wealth Expenses • Efficiency ratio ~60% Cost of • U.S. Cards NCL range: 4.0% – 4.5% Credit • ACL will be a
Slide 17: Forward-looking statements disclaimer
Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not g
Slide 18: Net interest income, average loans and deposits
Net interest income, average loans and deposits ($ in B) Net Interest Income 2.51% QoQ YoY 2.47% 2.40% 2.49% 2.46% Citigroup NIM $15.18 $14.94 $15.67 $15.74 $0.07 $1.73 Citigroup NII $14.01 2.82 2.18 2.76 2.80 $0.04 $0.88 Markets NII 1.92 NII ex-Markets(g) 12.09 12.35 12.76 12.90 12.94 $0.04 $0.85 1
Slide 19: Credit trends for U.S. Consumer Cards
Credit trends for U.S. Consumer Cards U.S. Consumer Credit Cards ACLL Balance ($ in B) ACLL / EOP Loan $13.0 $13.3 $13.3 $13.6 $13.4 $13.4 $13.4 $13.3 $13.4 8.2% 8.1% 8.2% 7.9% 8.2% 8.0% 8.0% 8.0% 7.7% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 General
Slide 20: Financial summary of businesses
Financial summary of businesses All Other (Managed Basis)(i) U.S. Consumer Legacy Franchises Reconciling 1Q'26 Services Markets Banking Wealth Corporate/Other Total Cards (Managed Basis)(i) Items (i) (P&L $ in MM; Balance Sheet $ in B) $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ % Δ YoY $ %
Slide 21: Historical average deposit growth
Historical average deposit growth(b) ($ in B) Total CAGR: 4.4% Services CAGR: 6.3% 1,422 1,446 1,370 1,361 1,363 1,338 1,382 1,343 1,334 1,323 1,316 1,343 71 1,305 1,304 1,321 1,315 1,320 1,326 1,310 1,311 1,320 1,305 80 1,268 110 84 1,234 116 90 112 106 100 88 123 88 101 103 105 102 97 85 80 80 129
Slide 22: Banamex 24% stake – estimated financial impacts at closing
Banamex 24% stake – estimated financial impacts at closing(1) a• At closing, assets will increase reflecting the consideration received Estimated Balance Sheet Impacts at Closing of the 24% stake sale for the 24% stake based on a fixed price of ~MXN 43 billion or ~USD - subject to changes including
Slide 23: Overview of Citibank's Non-Bank Financial Institutions (NBFI) Loans
Overview of Citibank’s Non-Bank Financial Institutions (NBFI) Loans $118B of NBFI loans, of which 76% are securitizations, and 95% are investment grade with very low historical losses; <1% of NBFI loans are to business development companies (BDCs) Citibank Call Report NBFI Loans – 4Q’25 ($ in B) $11
Slide 24: Capital allocation methodology
Capital allocation methodology(k) • As part of its annual reassessment, Citi has updated its TCE methodology for each business segment with enhancements effective in the first quarter of 2026. These enhancements also reflect the impact of the new economic sharing arrangement through TCE and the move
Slide 25: Tangible common equity reconciliation and Citigroup returns
Tangible common equity reconciliation and Citigroup returns Tangible Common Equity and Tangible Book Value Per Share Return on Tangible Common Equity (RoTCE) ($ in MM, except per share amounts) 1Q25 4Q25 1Q26 ($ in MM, except per share amounts) 1Q25 4Q25 1Q26 Common Stockholders' Equity $194,058 $19
Slide 26: FX Impact
FX Impact Total Citigroup Legacy Franchises – Mexico Consumer/SBMM Foreign currency (FX) translation impact (1) ($ in MM) 1Q25 2Q25 3Q25 4Q25 1Q26 % Δ QoQ % Δ YoY Foreign currency (FX) translation impact(1) ($ in MM) 1Q25 2Q25 3Q25 4Q25 1Q26 % Δ QoQ % Δ YoY Total Revenues - as reported $21,596 $21,6
Slide 27: Glossary
Glossary AA: American Airlines FDIC: Federal Deposit Insurance Corporation NII: Net Interest Income ACL: Allowance for Credit Losses FI: Fixed Income NIM: Net Interest Margin ACLL: Allowance for Credit Losses on Loans FICO: Fair Isaac Corporation NIR: Non-Interest Revenue AFG: Asset Finance Group FX
Slide 28: Footnotes
Footnotes Slides 3 – 4, 6 – 7, 9 – 16, 18, 20 – 21, 24 – 25 a) Citi's first quarter 2026 and 2025 results did not include any notable items. Accordingly, Citi is not adjusting its results for these periods. b) As previously noted in Citi’s Form 8-K furnished with the U.S. Securities and Exchange Com
Slide 29: Footnotes (cont.)
Footnotes (cont.) Slide 2 1) Represents consumer banking businesses and certain other businesses in All Other – Legacy Franchises that Citi has exited or is exiting across 14 markets in Asia, Europe, the Middle East and Mexico as part of Citi’s strategic refresh. Slide 4 1) Source: Coalition Greenwi
Slide 30: Footnotes (cont.)
Footnotes (cont.) Slide 7 1) Results excluding divestiture-related impacts and FDIC special assessment are non-GAAP financial measures and are primarily recorded in All Other. For a reconciliation to reported results, please refer to the 1Q26 Financial Supplement. 2) Other expenses includes premises
Slide 31: Footnotes (cont.)
Footnotes (cont.) Slide 10 1) Allowance for Credit Losses (ACL) Build (Release) and Other provisions includes a net ACL build of approximately $86 million related to loans and unfunded lending commitments as well as other provisions of approximately $5 million relating to held-to-maturity (HTM) debt
Slide 32: Footnotes (cont.)
Footnotes (cont.) Slide 14 1) Allowance for Credit Losses (ACL) Build (Release) and Other provisions includes a net ACL build of approximately $348 million related to loans and unfunded lending commitments as well as other provisions of approximately $2 million relating to benefits and claims, and o
Slide 33: Footnotes (cont.)
Footnotes (cont.) Slide 18 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 22 1) All impacts show