Citigroup Capital XIII Tr · NYSE:C/PN
Citigroup Capital XIII Tr — Citigroup — Debt Investor Presentation (August 2026)
23 slides from Citigroup Capital XIII Tr's debt investor presentation, August 2026
Slide 1: Fixed Income Investor Presentation
Fixed Income Investor Presentation Second Quarter 2026
Slide 2: Key takeaways
Key takeaways • Net Income of $5.8 billion Second Quarter 2026 • RoTCE(a) of 13.0% Results • Revenue of $24.8 billion • 12.78% CET1 Capital Ratio(b) Strong Capital Position • 5.15% SLR(c) • Maintained surplus above binding TLAC requirement • 113% average Liquidity Coverage Ratio Strong Liquidity • T
Slide 3: Five interconnected businesses driving strong 2Q26 performance
Five interconnected businesses driving strong 2Q26 performance GLOBAL NETWORK INTERCONNECTED DIVERSIFIED Services Markets Banking Wealth U.S. Consumer Cards TTS : #1 Rank(1) #4 Overall Rank(3) Investment Banking: Private Bank (Global): #3 Rank in U.S. Cards(8) TTS: gained ~120 bps of #5 Rank(5) #6 R
Slide 4: Financial results overview
Financial results overview Financial Results 2Q26 Financial Overview Highlights ($ 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(b) 159 155 158 $2,778 $2,895 4% 10% $2,623 Standardized RWA 1,179 1,214 1,232 366 (5)% 9% Cash 386 CET1 Capital Ratio - Standardized (b) 13.48% 12.75%
Slide 8: Access to diverse sources of funding (as of 6/30/2026)
Access to diverse sources of funding (as of 6/30/2026) (EOP $ in B, except as noted) Total Liabilities and Stockholders’ Equity Composition of Long-Term Debt Funding $2,895 Bank Customer-Related Debt 1% Bank Benchmark, 8% (3) Securitizations, 1% FHLB, 6% $334B Non-Bank Other Non-Bank/Bank, 6% Long-T
Slide 9: Outstanding long-term debt trends
Outstanding long-term debt trends Benchmark Senior Debt Customer-Related Debt(1) FHLB Bank Benchmark (EOP $ in B, except as noted) Benchmark Subordinated Debt(2) Local Country & Other Securitizations 75 334 318 316 316 308 65 Total Citigroup $58 55 4 2 $44 $41 45 1 3 $37 2 3 27 35 2 $32 3 2 3 Bank 2
Slide 10: Parent benchmark debt: issuances & redemptions
Parent benchmark debt: issuances & redemptions When determining its issuance agenda for 2026, Citi considers client activity, maturities and potential calls, and the ideal mix of composition across bank and non-bank entities Senior & Subordinated Debt: Issuances, Calls, Maturity Trends (as of 6/30/2
Slide 11: Total loss-absorbing capacity (TLAC) requirements
Total loss-absorbing capacity (TLAC) requirements While Citi’s binding TLAC Requirement is LTD/Advanced RWA, at $337B eligible TLAC and $151B eligible LTD, the firm holds excess capital above all required ratios ($ in B) Eligible Total Loss- Required Ratio Eligible Long-Term Debt Absorbing Capacity
Slide 12: 2Q26 excess capital vs. required ratios
2Q26 excess capital vs. required ratios As of 2Q26, Citi remains compliant and has excess capital above all required ratios. For the Standardized CET1 Capital ratio, this includes a 100bps management buffer 2Q26 Actual Ratio Variance Required Capital 2Q26 Actual Variance Ratio Binding Ratio Componen
Slide 13: 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 14: Citi logo
Slide 15: Appendix
Appendix Table of Contents 16. 2Q26 Liquidity and investment portfolio metrics 18. Preferred stock dividends 17. Additional tier 1 capital securities (as of 6/30/2026) 15
Slide 16: 2Q26 Liquidity and investment portfolio metrics
2Q26 Liquidity and investment portfolio metrics ($ in B) Average LCR and Historical Trajectory (30-Day Stress) EOP Available Liquidity Resources(d) LCR 1Q26 2Q26 Ratio 114% 113% $1,062 Other Liquidity Comprised of unencumbered Resources = $414 securities and unused borrowing $641 capacity $568 2Q26
Slide 17: Additional tier 1 capital securities (as of 6/30/2026)
Additional tier 1 capital securities (as of 6/30/2026) Preferred Stock & Trust Preferred Securities Redeemable by Dividend Rate as of Redemption price per depositary Number of Carrying value Series Issuance Date Issuer beginning June 30, 2026 share depositary shares (in millions of dollars) Series T
Slide 18: Preferred stock dividends
Preferred stock dividends ($ in MM) 2023 2024 2025 2026(1) 1Q $277 $279 $269 $305 2Q 288 242 287 338 (2) 3Q 333 277 274 353 4Q 300 256 284 306 Total $1,198 $1,054 $1,114 $1,302 Note: Totals may not sum due to rounding. All footnotes are presented starting on Slide 21. 18
Slide 19: 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 20: Notes on references to the Financial Supplement and Form 10-Q
Notes on references to the Financial Supplement and Form 10-Q Global a) Return on Tangible Common Equity (RoTCE) is a non-GAAP financial measure. RoTCE represents annualized net income available to common shareholders as a percentage of average TCE. For a reconciliation to reported results, please r
Slide 21: Footnotes
Footnotes Slide 3 1) Source: Coalition Greenwich Global Competitor Benchmarking Analytics for FY25. Results are based upon Citi’s internal product taxonomy, Citi’s internal revenues, and Large Corporate & FI Client Segment. Market share is calculated using Citi-internal revenues and Coalition Greenw
Slide 22: 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 23: Footnotes (cont.)
Footnotes (cont.) Slide 9 1) Primarily structured notes, which contain an embedded derivative component that adjusts each security’s risk-return profile. 2) Includes Trust Preferred Securities of $1.6 billion for all periods presented. 3) Includes long-term debt issued to third parties by Citigroup