Slide 1: Earnings Results Presentation Second Quarter 2026
July 14, 2026 Earnings Results Presentation Second Quarter 2026
Slide 2: Delivering strong performance in 2Q26
Delivering strong performance in 2Q26 REVENUES NET INCOME EPS CET1 CAPITAL RATIO(a) 2Q26 $24.8 billion 2Q26 $5.8 billion 2Q26 $3.15 2Q26 12.8% ∆ 2Q25 14% ∆ 2Q25 45% ∆ 2Q25 61% 2Q25 13.5% ROE RoTCE(b) BOOK VALUE PER SHARE TANGIBLE BOOK VALUE PER SHARE(c) 2Q26 11.4% 2Q26 13.0% 2Q26 $114.74 2Q26 $100.8
Slide 3: Five interconnected businesses driving strong 2Q26 performance
Five interconnected businesses driving strong 2Q26 performance GLOBAL NETWORK INTERCONNECTED DIVERSIFIED Services Markets Banking Wealth U.S. Consumer Cards TTS : #1 Rank(1) #4 Overall Rank(3) Investment Banking: Private Bank (Global): #3 Rank in U.S. Cards(7) TTS: gained ~120 bps of #5 Rank(5) #6 R
Slide 4: Financial results overview
Financial results overview Financial Results 2Q26 Financial Overview Highlights ($ in MM, except EPS) 2Q26 % Δ QoQ % Δ YoY YTD'26 % Δ YoY REVENUES up 14% YoY, driven by continued growth in each of our businesses and Net Interest Income 17,125 9% 13% 32,866 13% Legacy Franchises, including the impact
Slide 5: Quarterly expense trend and year-over-year expense drivers
Quarterly expense trend and year-over-year expense drivers Expense Overview(1) 2Q26 Expense Drivers ($ in B) • Higher volumes in Markets, notably in Reported Efficiency Ratio 69.6% Transactional and Equities 62.7% 64.7% Product Servicing • Higher customer engagement costs in USCC 58.1% Up 13% YoY 65
Slide 6: U.S. credit cards and corporate credit overview
U.S. credit cards and corporate credit overview Citi had over $22B in total reserves with a reserve-to-funded loans ratio of 2.5% as of June 30 ($ in B) U.S. Cards Loans Corporate Lending Exposure EOP Loans EOP Loans by FICO Score(1) By Region By Grade Rating General IG 79% 78% 79% 82% 83% 84% ≥ 660
Slide 7: Capital and balance sheet overview
Capital and balance sheet overview Regulatory Capital & Liquidity Metrics End of Period Assets ($ in B) 2Q25 1Q26 2Q26 ($ in B) QoQ YoY CET1 Capital(a) 159 155 158 $2,778 $2,895 4% 10% $2,623 Standardized RWA 1,179 1,214 1,230 366 (5)% 9% Cash 386 CET1 Capital Ratio - Standardized (a) 13.5% 12.7% 12
Slide 8: Services
Services Financial Results 2Q Highlights ($ in MM) 2Q26 % Δ QoQ % Δ YoY REVENUES up 18% YoY, driven by growth in both TTS and Securities Services Net Interest Income 3,541 3% 20% ‒ NII up 18% YoY, primarily driven by higher average deposit balances Non-Interest Revenue 1,198 1% 13% Treasury and Trad
Slide 9: Markets
Markets Financial Results 2Q Highlights ($ in MM) 2Q26 % Δ QoQ % Δ YoY REVENUES up 17% YoY, driven by growth across both Equity and Fixed Income Rates and Currencies 3,247 (2)% 1% Markets Spread Products / Other Fixed Income 1,459 (21)% 25% ‒ Fixed Income Markets up 7% YoY, with Spread Products / Ot
Slide 10: Banking
Banking Financial Results 2Q Highlights ($ in MM) 2Q26 % Δ QoQ % Δ YoY REVENUES up 34% YoY, driven by growth in Investment Banking, partially offset by a Investment Banking 1,548 17% 44% decline in Corporate Lending ex-gain/(loss) on loan hedges(1) Corporate Lending (ex-gain/(loss))(1) 406 4% (4)% −
Slide 11: Wealth
Wealth Financial Results 2Q Highlights ($ in MM) 2Q26 % Δ QoQ % Δ YoY REVENUES up 13% YoY, driven by growth across all businesses Citigold and Retail Banking 2,181 6% 17% − NII up 18% YoY, driven by higher deposit spreads and average balances, partially Private Bank 769 2% 5% offset by lower mortgag
Slide 12: U.S. Consumer Cards
U.S. Consumer Cards(1) Financial Results 2Q Highlights ($ in MM) 2Q26 % Δ QoQ % Δ YoY REVENUES up 1% YoY Net Interest Income 5,180 1% 5% − NII up 5% YoY, driven by higher interest earning balances Non-Interest Revenue (659) (84)% (47)% − NIR down (47)% YoY, driven by higher partner payment accruals
Slide 13: All Other (Managed Basis)
All Other (Managed Basis(g)) Financial Results 2Q Highlights ($ in MM) 2Q26 % Δ QoQ % Δ YoY REVENUES up 1% YoY, driven by an increase in Legacy Franchises, offset by a decline Legacy Franchises (Managed Basis) 2,053 (5)% 21% in Corporate/Other Corporate/Other (316) 34% NM − Legacy Franchises up 21%
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 ~5 – 6%(1) REVENUES • NIR ex-Markets(1) growth driven by continued fee momentum in Services, Banking and Wealth, partially offset by USCC EXPENSES • Efficiency ratio ~60% COST OF • U.S. Cards NCL range 4.0% – 4.5% CR
Slide 15: Certain statements in this presentation are 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 2.51% 2.49% 2.46% 2.54% Citigroup NIM 2.40% QoQ YoY $17.13 $1.38 $1.95 Citigroup NII $15.18 $14.94 $15.67 $15.74 2.76 2.80 4.00 $1.21 $1.18 Markets NII 2.82 2.18 NII ex-Markets(e) 12.35 12.76 12.90 12.94 13.12 $0.18 $0.77 2
Slide 17: Credit trends for U.S. Consumer Cards
Credit trends for U.S. Consumer Cards U.S. Consumer Credit Cards ACLL Balance ($ in B) ACLL / EOP Loan $13.3 $13.3 $13.6 $13.4 $13.4 $13.4 $13.3 $13.4 $13.5 8.1% 8.2% 7.9% 8.2% 8.0% 8.0% 8.0% 7.7% 7.6% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 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: 3.3% Services CAGR: 4.7% 1,504 1,422 1,446 72 1,370 1,382 1,305 1,304 1,321 1,343 1,334 1,323 1,316 1,361 1,363 1,338 1,315 1,320 1,326 1,310 1,311 1,320 1,305 1,343 80 71 1,268 110 84 1,234 116 90 88 112 106 100 80 88 129 128 123 101 103 105 10
Slide 20: 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 ~60% ~55-60% <55%
Slide 21: 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) 2Q25 1Q26 2Q26 ($ in MM, except per share amounts) 2Q25 1Q26 2Q26 Common Stockholders' Equity 196,872 191,
Slide 22: FX impact
FX impact Foreign Currency (FX) Translation Impact(1) (P&L $ in MM; Balance Sheet $ in B) Total Citigroup 2Q25 3Q25 4Q25 1Q26 2Q26 % Δ QoQ % Δ YoY Total Revenues (reported) 21,668 22,090 19,871 24,633 24,766 1% 14% Impact of FX translation 176 186 159 4 – Total Revenues ex-FX 21,844 22,276 20,030 24
Slide 23: Glossary
Glossary 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: Foreign Exchange NM: Not Meaningful AFS: Available for Sale FY: Full Year NNIA: Net New I
Slide 24: Footnotes
Footnotes Global a) 2Q26 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 June 30, 2026 (t
Slide 25: Footnotes (cont.)
Footnotes (cont.) Slide 2 1) Subject to quarterly approval by Citigroup's Board of Directors. 2) On April 29, 2026, Citi completed the sale of 22.6% of Banamex’s outstanding common stock to several prominent institutional investors and family offices, as part of the previously announced 24% stake th
Slide 26: Footnotes (cont.)
Footnotes (cont.) Slide 5 1) Reported expenses included divestiture-related impacts of $37 million, $766 million, and $40 million during the second, third, and fourth quarters of 2025, respectively and $31 million and $25 million during the first and second quarters of 2026, respectively. Reported e
Slide 27: Footnotes (cont.)
Footnotes (cont.) Slide 9 1) Allowance for Credit Losses (ACL) Build (Release) and Other provisions includes a net ACL build of approximately $127 million related to loans and unfunded lending commitments as well as other provisions of approximately $(8) million relating to held-to-maturity (HTM) de
Slide 28: Footnotes (cont.)
Footnotes (cont.) Slide 13 1) Allowance for Credit Losses (ACL) Build (Release) and Other provisions includes a net ACL build of approximately $59 million related to loans and unfunded lending commitments as well as other provisions of approximately $13 million relating to benefits and claims, held-
Slide 29: Footnotes (cont.)
Footnotes (cont.) Slide 20 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