CITIGROUP FINANCIAL SUMMARY

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

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Total revenues, net of interest expense⁽¹⁾	$	20,209	$	19,465	$	21,596	$	21,668	$	22,090	2%	9%	$	61,257	$	65,354	7%
Total operating expenses		13,144		13,070		13,425		13,577		14,290	5%	9%		40,497		41,292	2%
Net credit losses (NCLs)		2,172		2,242		2,459		2,234		2,214	(1%)	2%		6,758		6,907	2%
Credit reserve build (release) for loans		210		321		102		243		45	(81%)	(79%)		405		390	(4%)
Provision / (release) for unfunded lending commitments		105		(118)		108		(19)		100	NM	(5%)		(1)		189	NM
Provisions for benefits and claims, other assets and HTM debt securities		188		148		54		414		91	(78%)	(52%)		354		559	58%
Provisions for credit losses and for benefits and claims		2,675		2,593		2,723		2,872		2,450	(15%)	(8%)		7,516		8,045	7%
Income (loss) from continuing operations before income taxes		4,390		3,802		5,448		5,219		5,350	3%	22%		13,244		16,017	21%
Income taxes (benefits)		1,116		912		1,340		1,186		1,559	31%	40%		3,299		4,085	24%
Income (loss) from continuing operations		3,274		2,890		4,108		4,033		3,791	(6%)	16%		9,945		11,932	20%
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		-		(1)	NM	-		(2)		(2)	-
Net income (loss) before noncontrolling interests		3,273		2,890		4,107		4,033		3,790	(6%)	16%		9,943		11,930	20%
Net income (loss) attributable to noncontrolling interests		35		34		43		14		38	171%	9 %		117		95	(19%)
Citigroup's net income (loss)	$	3,238	$	2,856	$	4,064	$	4,019	$	3,752	(7%)	16%	$	9,826	$	11,835	20%

Diluted earnings per share:
Income (loss) from continuing operations	$	1.51	$	1.34	$	1.96	$	1.96	$	1.86	(5%)	23%	$	4.61	$	5.78	25%
Citigroup's net income (loss)	$	1.51	$	1.34	$	1.96	$	1.96	$	1.86	(5%)	23%	$	4.61	$	5.78	25%

Preferred dividends	$	277	$	256	$	269	$	287	$	274	(5%)	(1%)	$	798	$	830	4%

Income allocated to unrestricted common shareholders—basic
Income (loss) from continuing operations (for EPS purposes)	$	2,906	$	2,563	$	3,752	$	3,683	$	3,439	(7%)	18%	$	8,897	$	10,874	22%
Citigroup's net income (loss) (for EPS purposes)		2,905		2,563		3,751		3,683		3,438	(7%)	18%		8,895		10,872	22%

Income allocated to unrestricted common shareholders—diluted
Income (loss) from continuing operations (for EPS purposes)	$	2,926	$	2,583	$	3,769	$	3,702	$	3,459	(7%)	18%	$	8,951	$	10,930	22%
Citigroup's net income (loss) (for EPS purposes)		2,925		2,583		3,768		3,702		3,458	(7%)	18%		8,949		10,928	22%

Shares (in millions):
Average basic		1,899.9		1,887.6		1,879.0		1,855.9		1,820.3	(2%)	(4%)		1,906.0		1,851.7	(3%)
Average diluted		1,940.3		1,931.0		1,919.6		1,893.1		1,862.6	(2%)	(4%)		1,943.0		1,891.8	(3%)
Common shares outstanding, at period end		1,891.3		1,877.1		1,867.7		1,840.9		1,789.3	(3%)	(5%)

Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio^(2)(3)(4)		13.71%		13.63%		13.41%		13.48%		13.2%
Tier 1 Capital ratio^(2)(3)(4)		15.24%		15.31%		15.10%		14.98%		14.9%
Total Capital ratio^(2)(3)(4)		15.21%		15.42%		15.41%		15.28%		15.3%
Supplementary Leverage ratio (SLR)^(2)(4)(5)		5.85%		5.85%		5.79%		5.53%		5.5%
Return on average assets		0.52%		0.46%		0.65%		0.61%		0.55%	(6) bps	3 bps		0.53%		0.60%	7 bps
Return on average common equity (RoCE)		6.2%		5.4%		8.0%		7.7%		7.1%	(60) bps	90 bps		6.4%		7.6%	120 bps
Average tangible common equity (TCE) (in billions of dollars)⁽⁶⁾	$	168.3	$	168.6	$	169.3	$	172.1	$	172.3	-	2%	$	166.5	$	170.8	3%
Return on average tangible common equity (RoTCE)⁽⁶⁾		7.0%		6.1%		9.1%		8.7%		8.0%	(70) bps	100 bps		7.2%		8.6%	140 bps
Operating leverage⁽⁷⁾		281 bps		3,002 bps		759 bps		567 bps		59 bps	(508) bps	(222) bps		(133) bps		473 bps	606 bps
Efficiency ratio (total operating expenses/total revenues, net)		65.0%		67.1%		62.2%		62.7%		64.7%	200 bps	(30) bps		66.1%		63.2%	(290) bps

Balance sheet data (in billions of dollars, except per share amounts)⁽²⁾:
Total assets	$	2,430.7	$	2,352.9	$	2,571.5	$	2,622.8	$	2,642.5	1%	9%
Total average assets		2,492.1		2,474.8		2,517.1		2,647.8		2,688.8	2%	8%		2,466.3		2,617.9	6%
Total loans		688.9		694.5		702.1		725.3		733.9	1%	7%
Total deposits		1,310.0		1,284.5		1,316.4		1,357.7		1,383.9	2%	6%
Citigroup's stockholders' equity		209.1		208.6		212.4		213.2		213.0	-	2%
Book value per share		101.91		101.62		103.90		106.94		108.41	1%	6%
Tangible book value per share⁽⁶⁾		89.67		89.34		91.52		94.16		95.72	2%	7%

Direct staff (in thousands)		229		229		229		230		227	(1%)	(1%)

(1)

Effective January 1, 2025, certain transaction processing fees paid by Citi, primarily to credit card networks, reported within USPB, Services, Wealth, and All Other—Legacy Franchises (Mexico Consumer/SBMM and Asia Consumer), which were previously presented within Other operating expenses, are presented as contra-revenue within Commissions and fees reported in Non-interest revenue. Prior periods were conformed to reflect this change in presentation.

(2)	3Q25 is preliminary.

(3)

Citi's binding CET1 Capital and Tier 1 Capital ratios were derived under the Basel III Standardized Approach, whereas Citi's binding Total Capital ratios were derived under the Basel III Advanced Approaches framework for all periods presented. For the composition of Citi's CET1 Capital and ratio, see page 22.

(4)

Commencing January 1, 2025, the capital effects resulting from adoption of the Current Expected Credit Losses (CECL) methodology have been fully reflected in Citi's regulatory capital. For additional information, see "Capital Resources—Regulatory Capital Treatment—Modified Transition of the Current Expected Credit Losses Methodology" in Citigroup's 2024 Annual Report on Form 10-K.

(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 22 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.

Note: Ratios and variance percentages are calculated based on the displayed amounts.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)
Revenues
Interest income (including dividends)	$	36,456	$	35,047	$	33,666	$	35,859	$	36,690	2%	1%	$	108,666	$	106,215	(2%)
Interest expense		23,094		21,314		19,654		20,684		21,750	5%	(6%)		68,304		62,088	(9%)
Net interest income (NII)		13,362		13,733		14,012		15,175		14,940	(2%)	12%		40,362		44,127	9%

Commissions and fees⁽¹⁾		2,589		2,456		2,707		2,745		2,888	5%	12%		7,780		8,340	7%
Principal transactions⁽²⁾		2,835		2,453		3,510		2,503		2,772	11%	(2%)		8,656		8,785	1%
Administration and other fiduciary fees		1,059		992		1,045		1,123		1,117	(1%)	5%		3,142		3,285	5%
Realized gains (losses) on sales of investments, net		72		118		121		138		105	(24%)	46%		210		364	73%
Net impairment losses on investments recognized in earnings		(41)		(338)		(58)		(35)		(25)	29%	39%		(92)		(118)	(28%)
Other revenue (loss)⁽²⁾		333		51		259		19		293	NM	(12%)		1,199		571	(52%)
Total non-interest revenues (NIR)		6,847		5,732		7,584		6,493		7,150	10%	4%		20,895		21,227	2%
Total revenues, net of interest expense⁽¹⁾		20,209		19,465		21,596		21,668		22,090	2%	9%		61,257		65,354	7%

Provisions for credit losses and for benefits and claims
Net credit losses on loans		2,172		2,242		2,459		2,234		2,214	(1%)	2%		6,758		6,907	2%
Credit reserve build / (release) for loans		210		321		102		243		45	(81%)	(79%)		405		390	(4%)
Provision for credit losses on loans		2,382		2,563		2,561		2,477		2,259	(9%)	(5%)		7,163		7,297	2%
Provision for credit losses on held-to-maturity (HTM) debt securities		50		(5)		(5)		7		(5)	NM	NM		55		(3)	NM
Provision for credit losses on other assets		110		136		39		381		79	(79%)	(28%)		226		499	121%
Policyholder benefits and claims		28		17		20		26		17	(35%)	(39%)		73		63	(14%)
Provision for credit losses on unfunded lending commitments		105		(118)		108		(19)		100	NM	(5%)		(1)		189	NM
Total provisions for credit losses and for benefits and claims		2,675		2,593		2,723		2,872		2,450	(15%)	(8%)		7,516		8,045	7%

Operating expenses
Compensation and benefits		7,058		6,923		7,464		7,633		7,474	(2%)	6%		21,619		22,571	4%
Technology / communication		2,273		2,278		2,379		2,290		2,325	2%	2%		6,757		6,994	4%
Transactional and product servicing		1,103		1,102		1,102		1,184		1,110	(6%)	1%		3,336		3,396	2%
Premises and equipment		606		650		574		615		607	(1%)	-		1,788		1,796	-
Professional services		491		650		476		510		514	1%	5%		1,366		1,500	10%
Advertising and marketing		282		323		250		269		260	(3%)	(8%)		790		779	(1%)
Restructuring		9		(11)		(3)		(2)		(5)	(150%)	NM		270		(10)	NM
Other operating⁽¹⁾		1,322		1,155		1,183		1,078		2,005	86%	52%		4,571		4,266	(7%)
Total operating expenses⁽¹⁾		13,144		13,070		13,425		13,577		14,290	5%	9%		40,497		41,292	2%

Income (loss) from continuing operations before income taxes		4,390		3,802		5,448		5,219		5,350	3%	22%		13,244		16,017	21%
Provision (benefit) for income taxes		1,116		912		1,340		1,186		1,559	31%	40%		3,299		4,085	24%

Income (loss) from continuing operations		3,274		2,890		4,108		4,033		3,791	(6%)	16%		9,945		11,932	20%
Discontinued operations
Income (loss) from discontinued operations		(1)		-		(1)		-		(1)	NM	-		(2)		(2)	-
Provision (benefit) for income taxes		-		-		-		-		-	-	-		-		-	-
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		-		(1)	NM	-		(2)		(2)	-

Net income (loss) before attribution to noncontrolling interests		3,273		2,890		4,107		4,033		3,790	(6%)	16%		9,943		11,930	20%
Noncontrolling interests		35		34		43		14		38	171%	9%		117		95	(19%)
Citigroup’s net income (loss)	$	3,238	$	2,856	$	4,064	$	4,019	$	3,752	(7%)	16%	$	9,826	$	11,835	20%

(1)	See footnote 1 on page 1.

(2)

Effective July 1, 2025, gains and losses on certain economic and qualifying hedging derivatives and foreign currency transaction gains and losses related to non-U.S. dollar debt and certain foreign operations in countries with highly inflationary economies with the U.S. dollar as their functional currency, which were previously presented within Other revenue, are presented within Principal transactions. Prior periods were conformed to reflect this change in presentation.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

											3Q25 Increase/
	September 30,		December 31,		March 31,		June 30,		September 30,		(Decrease) from
	2024		2024		2025		2025		2025⁽¹⁾		2Q25	3Q24
Assets
Cash and due from banks (including segregated cash and other deposits)	$	25,266	$	22,782	$	24,463	$	24,991	$	23,545	(6%)	(7%)
Deposits with banks, net of allowance		277,828		253,750		283,868		312,482		324,515	4%	17%
Securities borrowed and purchased under resale agreements, net of allowance		285,928		274,062		390,215		323,892		321,347	(1%)	12%
Brokerage receivables, net of allowance		63,653		50,841		57,440		64,029		75,992	19%	19%
Trading account assets		458,072		442,747		518,577		568,558		562,254	(1%)	23%
Investments
Available-for-sale debt securities		234,444		226,876		225,180		235,802		246,227	4%	5%
Held-to-maturity debt securities, net of allowance		248,274		242,382		220,385		206,094		197,092	(4%)	(21%)
Equity securities		7,953		7,399		7,323		7,504		7,413	(1%)	(7%)
Total investments		490,671		476,657		452,888		449,400		450,732	-	(8%)
Loans
Consumer⁽²⁾		389,151		393,102		386,312		395,759		398,628	1%	2%
Corporate⁽³⁾		299,771		301,386		315,744		329,586		335,277	2%	12%
Loans, net of unearned income		688,922		694,488		702,056		725,345		733,905	1%	7%
Allowance for credit losses on loans (ACLL)		(18,356)		(18,574)		(18,726)		(19,123)		(19,206)	-	(5%)
Total loans, net		670,566		675,914		683,330		706,222		714,699	1%	7%
Goodwill		19,691		19,300		19,422		19,878		19,126	(4%)	(3%)
Intangible assets (including MSRs)		4,121		4,494		4,430		4,409		4,330	(2%)	5%
Premises and equipment, net of depreciation and amortization		30,096		30,192		30,814		32,312		32,819	2%	9%
Other assets, net of allowance		104,771		102,206		106,067		116,599		113,116	(3%)	8%
Total assets	$	2,430,663	$	2,352,945	$	2,571,514	$	2,622,772	$	2,642,475	1%	9%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	118,034	$	123,338	$	122,472	$	119,898	$	116,921	(2%)	(1%)
Interest-bearing deposits in U.S. offices		558,461		551,547		562,628		575,709		592,728	3%	6%
Total U.S. deposits		676,495		674,885		685,100		695,607		709,649	2%	5%
Non-interest-bearing deposits in offices outside the U.S.		84,913		84,349		82,215		86,458		83,920	(3%)	(1%)
Interest-bearing deposits in offices outside the U.S.		548,591		525,224		549,095		575,668		590,360	3%	8%
Total international deposits		633,504		609,573		631,310		662,126		674,280	2%	6%

Total deposits		1,309,999		1,284,458		1,316,410		1,357,733		1,383,929	2%	6%
Securities loaned and sold under repurchase agreements		278,377		254,755		403,959		347,913		349,726	1%	26%
Brokerage payables		81,186		66,601		78,302		90,949		89,596	(1%)	10%
Trading account liabilities		142,534		133,846		148,688		163,952		160,243	(2%)	12%
Short-term borrowings		41,340		48,505		49,139		55,560		54,760	(1%)	32%
Long-term debt		299,081		287,300		295,684		317,761		315,846	(1%)	6%
Other liabilities, plus allowances⁽⁴⁾		68,244		68,114		66,074		74,774		74,498	-	9%
Total liabilities	$	2,220,761	$	2,143,579	$	2,358,256	$	2,408,642	$	2,428,598	1%	9%

Stockholders' equity
Preferred stock	$	16,350	$	17,850	$	18,350	$	16,350	$	19,050	17%	17%
Common stock		31		31		31		31		31	-	-
Additional paid-in capital		108,969		109,117		108,616		108,839		109,010	-	-
Retained earnings		204,770		206,294		209,013		211,674		214,034	1%	5%
Treasury stock, at cost		(75,840)		(76,842)		(77,880)		(79,886)		(84,932)	(6%)	(12%)
Accumulated other comprehensive income (loss) (AOCI)⁽⁵⁾		(45,197)		(47,852)		(45,722)		(43,786)		(44,170)	(1%)	2%
Total common equity	$	192,733	$	190,748	$	194,058	$	196,872	$	193,973	(1%)	1%

Total Citigroup stockholders' equity	$	209,083	$	208,598	$	212,408	$	213,222	$	213,023	-	2%
Noncontrolling interests		819		768		850		908		854	(6%)	4%
Total equity		209,902		209,366		213,258		214,130		213,877	-	2%
Total liabilities and equity	$	2,430,663	$	2,352,945	$	2,571,514	$	2,622,772	$	2,642,475	1%	9%

(1)	September 30, 2025 is preliminary.

(2)	Consumer loans include loans managed by USPB, Wealth, and All Other—Legacy Franchises (other than Mexico small business and middle-market banking (Mexico SBMM), and the Assets Finance Group (AFG)).

(3)	Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises—Mexico SBMM, and the AFG.

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

(5)

Included within AOCI is the Cumulative Translation Adjustment (CTA), net of hedges and taxes, amounting to approximately ($9) billion in losses, attributable to Grupo Financiero Banamex, S.A. de C.V. and its consolidated subsidiaries as of June 30, 2025. During the quarter of deconsolidation, the CTA loss will be recognized through earnings, impacting EPS and RoTCE, and reversing the temporary capital benefit from prior sales; the cumulative impact of CTA will ultimately be regulatory capital neutral. The CTA amount of ($9) billion losses is subject to change, including FX movements.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

OPERATING SEGMENT, REPORTING UNIT, AND COMPONENT DETAILS

(In millions of dollars)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)
Revenues, net of interest expense⁽¹⁾
Services	$	5,015	$	5,165	$	4,889	$	5,062	$	5,363	6%	7%	$	14,453	$	15,314	6%
Markets		4,817		4,576		5,986		5,879		5,563	(5%)	15%		15,260		17,428	14%
Banking		1,597		1,241		1,952		1,921		2,132	11%	34%		4,960		6,005	21%
Wealth		1,995		1,994		2,096		2,166		2,164	-	8%		5,489		6,426	17%
U.S. Personal Banking (USPB)		4,964		5,150		5,228		5,119		5,331	4%	7%		14,905		15,678	5%
All Other—managed basis⁽²⁾⁽³⁾		1,820		1,335		1,445		1,698		1,535	(10%)	(16%)		6,168		4,678	(24%)
Reconciling Items—divestiture-related impacts⁽⁴⁾		1		4		-		(177)		2	NM	100%		22		(175)	NM
Total net revenues—reported	$	20,209	$	19,465	$	21,596	$	21,668	$	22,090	2%	9%	$	61,257	$	65,354	7%

Income (loss) from continuing operations
Services	$	1,683	$	1,888	$	1,610	$	1,448	$	1,819	26%	8%	$	4,696	$	4,877	4%
Markets		1,089		1,026		1,795		1,749		1,583	(9%)	45%		3,979		5,127	29%
Banking		236		357		542		461		635	38%	169%		1,172		1,638	40%
Wealth		283		334		284		494		374	(24%)	32%		668		1,152	72%
USPB		522		392		745		649		858	32%	64%		990		2,252	127%
All Other—managed basis⁽²⁾⁽³⁾		(494)		(1,071)		(853)		(588)		(701)	(19%)	(42%)		(1,389)		(2,142)	(54%)
Reconciling Items—divestiture-related impacts⁽⁴⁾		(45)		(36)		(15)		(180)		(777)	(332%)	NM		(171)		(972)	(468%)

Income (loss) from continuing operations—reported		3,274		2,890		4,108		4,033		3,791	(6%)	16%		9,945		11,932	20%

Discontinued operations		(1)		-		(1)		-		(1)	NM	-		(2)		(2)	-

Net income (loss) attributable to noncontrolling interests		35		34		43		14		38	171%	9%		117		95	(19%)

Net income (loss)	$	3,238	$	2,856	$	4,064	$	4,019	$	3,752	(7%)	16%	$	9,826	$	11,835	20%

(1)	See footnote 1 on page 1.

(2)

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.

(3)

Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's divestitures of its Asia consumer banking businesses and the planned divestiture of 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.

(4)

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)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)


Net interest income (including dividends)	$	3,435	$	3,446	$	3,498	$	3,630	$	3,823	5%	11%	$	9,977	$	10,951	10%
Fee revenue
Commissions and fees⁽¹⁾		834		806		815		904		880	(3%)	6%		2,490		2,599	4%
Administration and other fiduciary fees		701		635		658		752		746	(1%)	6%		2,081		2,156	4%
Total fee revenue		1,535		1,441		1,473		1,656		1,626	(2%)	6%		4,571		4,755	4%
Principal transactions⁽²⁾		214		212		233		124		190	53%	(11%)		541		547	1%
All other⁽²⁾⁽³⁾		(169)		66		(315)		(348)		(276)	21%	(63%)		(636)		(939)	(48%)
Total non-interest revenue		1,580		1,719		1,391		1,432		1,540	8%	(3%)		4,476		4,363	(3%)
Total revenues, net of interest expense⁽¹⁾		5,015		5,165		4,889		5,062		5,363	6%	7%		14,453		15,314	6%
Total operating expenses⁽¹⁾		2,575		2,601		2,584		2,679		2,707	1%	5%		7,967		7,970	-
Net credit losses (recoveries) on loans		14		28		6		20		11	(45%)	(21%)		20		37	85%
Credit reserve build (release) for loans		7		(71)		24		53		(4)	NM	NM		(59)		73	NM
Provision (release) for credit losses on unfunded lending commitments		7		(4)		(6)		(6)		(8)	(33%)	NM		21		(20)	NM
Provisions for credit losses for other assets and HTM debt securities		99		159		27		286		62	(78%)	(37%)		182		375	106%
Provision for credit losses		127		112		51		353		61	(83%)	(52%)		164		465	184%
Income from continuing operations before taxes		2,313		2,452		2,254		2,030		2,595	28%	12%		6,322		6,879	9%
Income taxes		630		564		644		582		776	33%	23%		1,626		2,002	23%
Income from continuing operations		1,683		1,888		1,610		1,448		1,819	26%	8%		4,696		4,877	4%
Noncontrolling interests		32		17		15		16		17	6%	(47%)		84		48	(43%)
Net income	$	1,651	$	1,871	$	1,595	$	1,432	$	1,802	26%	9%	$	4,612	$	4,829	5%
EOP assets (in billions)	$	608	$	584	$	589	$	618	$	627	1%	3%
Average assets (in billions)		591		596		578		593		616	4%	4%	$	582	$	596	2%
Efficiency ratio		51%		50%		53%		53%		50%	(300) bps	(100) bps		55%		52%	(300) bps
Average allocated TCE (in billions)⁽⁴⁾	$	24.9	$	24.9	$	24.7	$	24.7	$	24.7	-	(1%)	$	24.9	$	24.7	(1%)
RoTCE⁽⁴⁾		26.4%		29.9%		26.2%		23.3%		28.9%	560 bps	250 bps		24.7%		26.1%	140 bps

Revenue by component
Net interest income	$	2,731	$	2,840	$	2,865	$	2,949	$	3,121	6%	14%	$	8,083	$	8,935	11%
Non-interest revenue		896		1,095		775		725		761	5%	(15%)		2,483		2,261	(9%)
Treasury and Trade Solutions (TTS)		3,627		3,935		3,640		3,674		3,882	6%	7%		10,566		11,196	6%
Net interest income		704		606		633		681		702	3%	-		1,894		2,016	6%
Non-interest revenue		684		624		616		707		779	10%	14%		1,993		2,102	5%
Securities Services		1,388		1,230		1,249		1,388		1,481	7%	7%		3,887		4,118	6%
Total Services	$	5,015	$	5,165	$	4,889	$	5,062	$	5,363	6%	7%	$	14,453	$	15,314	6%

Revenue by geography
North America	$	1,360	$	1,504	$	1,445	$	1,539	$	1,637	6%	20%	$	3,898	$	4,621	19%
International		3,655		3,661		3,444		3,523		3,726	6%	2%		10,555		10,693	1%
Total	$	5,015	$	5,165	$	4,889	$	5,062	$	5,363	6%	7%	$	14,453	$	15,314	6%

Key drivers⁽⁵⁾ (in billions of dollars, except as otherwise noted)
Average loans by component
TTS	$	86	$	85	$	86	$	93	$	93	-	8%	$	83	$	91	10%
Securities Services		1		2		1		1		1	-	-		1		1	-
Total	$	87	$	87	$	87	$	94	$	94	-	8%	$	84	$	92	10%

ACLL as a % of EOP loans⁽⁶⁾		0.38%		0.30%		0.30%		0.36%		0.35%	(1) bps	(3) bps

Average deposits by component
TTS	$	690	$	704	$	690	$	713	$	744	4%	8%	$	683	$	716	5%
Securities Services		135		135		136		144		149	3%	10%		129		143	11%
Total	$	825	$	839	$	826	$	857	$	893	4%	8%	$	812	$	859	6%

AUC/AUA (in trillions of dollars)⁽⁷⁾	$	26.3	$	25.4	$	26.1	$	28.2	$	29.7	5%	13%
Cross-border transaction value⁽⁸⁾	$	95.0	$	101.3	$	95.1	$	101.3	$	104.8	3%	10%	$	278.4	$	301.2	8%
U.S. dollar clearing volume (in millions)⁽⁹⁾		42.7		44.1		42.7		44.3		44.8	1%	5%		123.9		131.8	6%
Commercial card spend volume	$	18.3	$	17.3	$	17.2	$	17.9	$	18.4	3%	1%	$	53.1	$	53.5	1%

(1)	See footnote 1 on page 1.

(2)	See footnote 2 on page 2.

(3)	Services revenues reflect the impact of a revenue sharing agreement with Banking – Corporate Lending, for Services products sold to Corporate Lending clients. This generally results in a reduction in Services reported revenue.

(4)	TCE and RoTCE are non-GAAP financial measures. See page 22 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.

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

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

(7)	3Q25 is preliminary.

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

(9)	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.

Page 5

MARKETS

(In millions of dollars, except as otherwise noted)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income (including dividends)	$	1,405	$	1,856	$	2,013	$	2,902	$	2,251	(22%)	60%	$	5,149	$	7,166	39%
Fee revenue
Brokerage and fees		391		329		400		399		400	-	2%		1,073		1,199	12%
Investment banking fees⁽¹⁾		118		104		135		106		163	54%	38%		322		404	25%
Other⁽²⁾		64		50		52		51		63	24%	(2%)		188		166	(12%)
Total fee revenue		573		483		587		556		626	13%	9%		1,583		1,769	12%

Principal transactions⁽³⁾		2,807		2,341		3,270		2,335		2,746	18%	(2%)		8,481		8,351	(2%)
All other⁽³⁾⁽⁴⁾		32		(104)		116		86		(60)	NM	NM		47		142	202%
Total non-interest revenue		3,412		2,720		3,973		2,977		3,312	11%	(3%)		10,111		10,262	1%
Total revenues, net of interest expense		4,817		4,576		5,986		5,879		5,563	(5%)	15%		15,260		17,428	14%
Total operating expenses		3,339		3,174		3,468		3,509		3,491	(1%)	5%		10,028		10,468	4%
Net credit losses (recoveries) on loans		24		-		142		8		68	NM	183%		168		218	30%
Credit reserve build (release) for loans		37		167		48		53		(44)	NM	NM		46		57	24%
Provision (release) for credit losses on unfunded lending commitments		47		(31)		9		(8)		13	NM	(72%)		48		14	(71%)
Provisions for credit losses for other assets and HTM debt securities		33		(2)		2		55		(5)	NM	NM		67		52	(22%)
Provision for credit losses		141		134		201		108		32	(70%)	(77%)		329		341	4%
Income (loss) from continuing operations before taxes		1,337		1,268		2,317		2,262		2,040	(10%)	53%		4,903		6,619	35%
Income taxes (benefits)		248		242		522		513		457	(11%)	84%		924		1,492	61%
Income (loss) from continuing operations		1,089		1,026		1,795		1,749		1,583	(9%)	45%		3,979		5,127	29%
Noncontrolling interests		17		17		13		21		21	-	24%		58		55	(5%)
Net income (loss)	$	1,072	$	1,009	$	1,782	$	1,728	$	1,562	(10%)	46%	$	3,921	$	5,072	29%
EOP assets (in billions)	$	1,002	$	949	$	1,165	$	1,166	$	1,182	1%	18%
Average assets (in billions)		1,082		1,058		1,121		1,222		1,231	1%	14%	$	1,065	$	1,191	12%
Efficiency ratio		69%		69%		58%		60%		63%	300 bps	(600) bps		66%		60%	(600) bps
Average allocated TCE (in billions)⁽⁵⁾	$	54.0	$	54.0	$	50.4	$	50.4	$	50.4	-	(7%)	$	54.0	$	50.4	(7%)
RoTCE⁽⁵⁾		7.9%		7.4%		14.3%		13.8%		12.3%	(150) bps	440 bps		9.7%		13.5%	380 bps

Revenue by component
Fixed Income markets	$	3,578	$	3,478	$	4,477	$	4,268	$	4,023	(6%)	12%	$	11,272	$	12,768	13%
Equity markets		1,239		1,098		1,509		1,611		1,540	(4%)	24%		3,988		4,660	17%
Total	$	4,817	$	4,576	$	5,986	$	5,879	$	5,563	(5%)	15%	$	15,260	$	17,428	14%

Rates and currencies	$	2,465	$	2,421	$	3,048	$	3,134	$	2,823	(10%)	15%	$	7,731	$	9,005	16%
Spread products / other fixed income		1,113		1,057		1,429		1,134		1,200	6%	8%		3,541		3,763	6%
Total Fixed Income markets revenues	$	3,578	$	3,478	$	4,477	$	4,268	$	4,023	(6%)	12%	$	11,272	$	12,768	13%

Revenue by geography
North America	$	1,773	$	1,691	$	2,176	$	2,130	$	2,195	3%	24%	$	5,871	$	6,501	11%
International		3,044		2,885		3,810		3,749		3,368	(10%)	11%		9,389		10,927	16%
Total	$	4,817	$	4,576	$	5,986	$	5,879	$	5,563	(5%)	15%	$	15,260	$	17,428	14%

Key drivers⁽⁶⁾ (in billions of dollars)
Average loans	$	119	$	122	$	128	$	136	$	147	8%	24%	$	119	$	137	15%
NCLs as a % of average loans		0.08%		0.00%		0.45%		0.02%		0.18%	16 bps	10 bps		0.19%		0.21%	2 bps
ACLL as a % of EOP loans⁽⁷⁾		0.77%		0.88%		0.89%		0.85%		0.78%	(7) bps	1 bps
Average trading account assets	$	462	$	449	$	476	$	549	$	556	1%	20%	$	432	$	527	22%

(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)	See footnote 2 on page 2.

(4)	Markets revenues reflect the impact of a revenue sharing agreement with Banking – Corporate Lending, for Markets products sold to Corporate Lending clients. This generally results in a reduction in Markets reported revenue.

(5)	TCE and RoTCE are non-GAAP financial measures. See page 22 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.

(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 6

BANKING

(In millions of dollars, except as otherwise noted)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income (including dividends)	$	527	$	521	$	491	$	530	$	562	6%	7%	$	1,636	$	1,583	(3%)
Fee revenue
Investment banking fees⁽¹⁾		999		951		1,104		1,058		1,169	10%	17%		2,906		3,331	15%
Other⁽²⁾		31		51		49		59		65	10%	110%		123		173	41%
Total fee revenue		1,030		1,002		1,153		1,117		1,234	10%	20%		3,029		3,504	16%
Principal transactions⁽³⁾		(204)		(212)		(90)		(179)		(164)	8%	20%		(575)		(433)	25%
All other⁽³⁾⁽⁴⁾		244		(70)		398		453		500	10%	105%		870		1,351	55%
Total non-interest revenue		1,070		720		1,461		1,391		1,570	13%	47%		3,324		4,422	33%

Total revenues, net of interest expense		1,597		1,241		1,952		1,921		2,132	11%	34%		4,960		6,005	21%
Total operating expenses		1,116		1,051		1,034		1,137		1,139	-	2%		3,426		3,310	(3%)

Net credit losses on loans		36		7		34		16		9	(44%)	(75%)		142		59	(58%)
Credit reserve build (release) for loans		62		(122)		78		137		38	(72%)	(39%)		(78)		253	NM
Provision (release) for credit losses on unfunded lending commitments		59		(82)		107		2		98	NM	66%		(46)		207	NM
Provisions for credit losses for other assets and HTM debt securities		20		(43)		(5)		18		12	(33%)	(40%)		(2)		25	NM
Provision for credit losses		177		(240)		214		173		157	(9%)	(11%)		16		544	NM
Income (loss) from continuing operations before taxes		304		430		704		611		836	37%	175%		1,518		2,151	42%
Income taxes (benefits)		68		73		162		150		201	34%	196%		346		513	48%
Income (loss) from continuing operations		236		357		542		461		635	38%	169%		1,172		1,638	40%
Noncontrolling interests		(2)		1		(1)		(2)		(3)	(50%)	(50%)		4		(6)	NM
Net income (loss)	$	238	$	356	$	543	$	463	$	638	38%	168%	$	1,168	$	1,644	41%
EOP assets (in billions)	$	151	$	143	$	147	$	148	$	141	(5%)	(7%)
Average assets (in billions)		152		149		144		150		149	(1%)	(2%)	$	153	$	148	(3%)
Efficiency ratio		70%		85%		53%		59%		53%	(600) bps	(1,700) bps		69%		55%	(1,400) bps
Average allocated TCE (in billions)⁽⁵⁾	$	21.8	$	21.8	$	20.6	$	20.6	$	20.6	-	(6%)	$	21.8	$	20.6	(6%)
RoTCE⁽⁵⁾		4.3%		6.5%		10.7%		9.0%		12.3%	330 bps	800 bps		7.2%		10.7%	350 bps

Revenue by component
Total Investment Banking	$	934	$	925	$	1,035	$	981	$	1,146	17%	23%	$	2,712	$	3,162	17%
Corporate Lending—excluding gain/(loss) on loan hedges⁽⁴⁾⁽⁶⁾		742		322		903		1,002		1,030	3%	39%		2,422		2,935	21%
Total Banking revenues (ex-gain/(loss) on loan hedges)⁽⁴⁾⁽⁶⁾		1,676		1,247		1,938		1,983		2,176	10%	30%		5,134		6,097	19%
Gain/(loss) on loan hedges⁽⁴⁾⁽⁶⁾		(79)		(6)		14		(62)		(44)	29%	44%		(174)		(92)	47%
Total Banking revenues including gain/(loss) on loan hedges⁽⁴⁾⁽⁶⁾	$	1,597	$	1,241	$	1,952	$	1,921	$	2,132	11%	34%	$	4,960	$	6,005	21%

Business metrics—investment banking fees
Advisory	$	394	$	353	$	424	$	408	$	427	5%	8%	$	892	$	1,259	41%
Equity underwriting (Equity Capital Markets (ECM))		129		214		127		218		174	(20%)	35%		474		519	9%
Debt underwriting (Debt Capital Markets (DCM))		476		384		553		432		568	31%	19%		1,540		1,553	1%
Total	$	999	$	951	$	1,104	$	1,058	$	1,169	10%	17%	$	2,906	$	3,331	15%

Revenue by geography
North America	$	837	$	738	$	989	$	781	$	995	27%	19%	$	2,359	$	2,765	17%
International		760		503		963		1,140		1,137	-	50%		2,601		3,240	25%
Total	$	1,597	$	1,241	$	1,952	$	1,921	$	2,132	11%	34%	$	4,960	$	6,005	21%

Key drivers⁽⁷⁾ (in billions of dollars)
Average loans	$	88	$	84	$	82	$	84	$	81	(4%)	(8%)	$	89	$	82	(8%)
NCLs as a % of average loans		0.16%		0.03%		0.17%		0.08%		0.04%	(4) bps	(12) bps		0.21%		0.10%	(11) bps
ACLL as a % of EOP loans⁽⁸⁾		1.54%		1.42%		1.54%		1.72%		1.83%	11 bps	29 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)	See footnote 2 on page 2.

(4)	Banking revenues reflect the impact of a revenue sharing agreement with Banking – Corporate Lending, for Investment Banking, Markets and Services products sold to Corporate Lending clients. This generally results in an increase in Banking reported revenue.

(5)	TCE and RoTCE are non-GAAP financial measures. See page 22 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.

(6)

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.

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

(8)	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)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income	$	1,233	$	1,247	$	1,274	$	1,278	$	1,332	4%	8%	$	3,261	$	3,884	19%
Fee revenue
Commissions and fees⁽¹⁾		342		358		399		370		406	10%	19%		1,022		1,175	15%
Other⁽²⁾		241		245		247		245		232	(5%)	(4%)		704		724	3%
Total fee revenue		583		603		646		615		638	4%	9%		1,726		1,899	10%
All other⁽³⁾		179		144		176		273		194	(29%)	8%		502		643	28%
Total non-interest revenue		762		747		822		888		832	(6%)	9%		2,228		2,542	14%

Total revenues, net of interest expense⁽¹⁾		1,995		1,994		2,096		2,166		2,164	-	8%		5,489		6,426	17%

Total operating expenses⁽¹⁾		1,594		1,561		1,639		1,558		1,654	6%	4%		4,765		4,851	2%
Net credit losses on loans		27		30		38		40		56	40%	107%		91		134	47%
Credit reserve build (release) for loans		8		(11)		61		(64)		(25)	61%	NM		(225)		(28)	88%
Provision (release) for credit losses on unfunded lending commitments		(1)		-		(1)		(2)		(1)	50%	-		(9)		(4)	56%
Provisions for benefits and claims (PBC), and other assets		(1)		1		-		-		-	-	100%		(3)		-	100%
Provisions for credit losses and for PBC		33		20		98		(26)		30	NM	(9%)		(146)		102	NM
Income from continuing operations before taxes		368		413		359		634		480	(24%)	30%		870		1,473	69%
Income taxes		85		79		75		140		106	(24%)	25%		202		321	59%
Income from continuing operations		283		334		284		494		374	(24%)	32%		668		1,152	72%
Noncontrolling interests		-		-		-		-		-	-	-		-		-	-
Net income	$	283	$	334	$	284	$	494	$	374	(24%)	32%	$	668	$	1,152	72%
EOP assets (in billions)	$	230	$	224	$	224	$	228	$	232	2%	1%
Average assets (in billions)		229		227		223		226		233	3%	2%	$	232	$	227	(2%)
Efficiency ratio		80%		78%		78%		72%		76%	400 bps	(400) bps		87%		75%	(1,200) bps
Average allocated TCE (in billions)⁽⁴⁾	$	13.2	$	13.2	$	12.3	$	12.3	$	12.3	-	(7%)	$	13.2	$	12.3	(7%)
RoTCE⁽⁴⁾		8.5%		10.1%		9.4%		16.1%		12.1%	(400) bps	360 bps		6.8%		12.5%	570 bps

Revenue by component
Private Bank	$	614	$	590	$	664	$	731	$	656	(10%)	7%	$	1,796	$	2,051	14%
Citigold		1,137		1,148		1,164		1,214		1,294	7%	14%		3,073		3,672	19%
Wealth at Work		244		256		268		221		214	(3%)	(12%)		620		703	13%
Total	$	1,995	$	1,994	$	2,096	$	2,166	$	2,164	-	8%	$	5,489	$	6,426	17%

Revenue by geography
North America	$	1,000	$	1,008	$	1,073	$	1,081	$	1,066	(1%)	7%	$	2,620	$	3,220	23%
International		995		986		1,023		1,085		1,098	1%	10%		2,869		3,206	12%
Total	$	1,995	$	1,994	$	2,096	$	2,166	$	2,164	-	8%	$	5,489	$	6,426	17%

Key drivers⁽⁵⁾ (in billions of dollars)

EOP client balances
Client investment assets⁽⁶⁾⁽⁷⁾	$	580	$	587	$	595	$	635	$	660	4%	14%
Deposits		316		313		309		310		318	3%	1%
Loans		151		148		147		151		151	-	-
Total	$	1,047	$	1,048	$	1,051	$	1,096	$	1,129	3%	8%

Net new investment assets (NNIA)⁽⁷⁾⁽⁸⁾	$	13.8	$	15.6	$	16.5	$	2.0	$	18.6	NM	35%	$	26.9	$	37.1	38%
Average deposits		316		315		310		308		315	2%	-		316		311	(2%)
Average loans		150		148		147		149		151	1%	1%		150		149	(1%)
ACLL as a % of EOP loans		0.36%		0.36%		0.40%		0.36%		0.34%	(2) bps	(2) bps

(1)	See footnote 1 on page 1.

(2)	Primarily related to fiduciary and administrative fees.

(3)	Primarily related to principal transactions revenue including FX translation.

(4)	TCE and RoTCE are non-GAAP financial measures. See page 22 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.

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

(6)	Includes assets under management, and trust and custody assets.

(7)	3Q25 is preliminary.

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 8

U.S. PERSONAL BANKING

(In millions of dollars, except as otherwise noted)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income	$	5,293	$	5,481	$	5,541	$	5,471	$	5,694	4%	8%	$	15,622	$	16,706	7%
Fee revenue
Interchange fees⁽¹⁾⁽²⁾		2,388		2,483		2,324		2,499		2,488	-	4%		7,108		7,311	3%
Card rewards and partner payments		(2,839)		(2,960)		(2,821)		(3,008)		(3,031)	(1%)	(7%)		(8,266)		(8,860)	(7%)
Other⁽²⁾		110		139		143		147		162	10%	47%		329		452	37%
Total fee revenue		(341)		(338)		(354)		(362)		(381)	(5%)	(12%)		(829)		(1,097)	(32%)
All other⁽³⁾		12		7		41		10		18	80%	50%		112		69	(38%)
Total non-interest revenue		(329)		(331)		(313)		(352)		(363)	(3%)	(10%)		(717)		(1,028)	(43%)

Total revenues, net of interest expense		4,964		5,150		5,228		5,119		5,331	4%	7%		14,905		15,678	5%

Total operating expenses⁽¹⁾		2,376		2,465		2,442		2,381		2,365	(1%)	-		7,181		7,188	-

Net credit losses on loans		1,864		1,920		1,983		1,889		1,776	(6%)	(5%)		5,659		5,648	-
Credit reserve build (release) for loans		41		246		(171)		(6)		64	NM	56%		760		(113)	NM
Provision (release) for credit losses on unfunded lending commit.		-		-		-		1		-	(100%)	-		-		1	NM
Provisions for benefits and claims (PBC), and other assets		4		4		(1)		1		2	100%	(50%)		9		2	(78%)
Provisions for credit losses and for PBC		1,909		2,170		1,811		1,885		1,842	(2%)	(4%)		6,428		5,538	(14%)
Income from continuing operations before taxes		679		515		975		853		1,124	32%	66%		1,296		2,952	128%
Income taxes		157		123		230		204		266	30%	69%		306		700	129%
Income from continuing operations		522		392		745		649		858	32%	64%		990		2,252	127%
Noncontrolling interests		-		-		-		-		-	-	-		-		-	-
Net income	$	522	$	392	$	745	$	649	$	858	32%	64%	$	990	$	2,252	127%
EOP assets (in billions)	$	245	$	252	$	244	$	251	$	252	-	3%
Average assets (in billions)		244		249		247		247		253	2%	4%	$	239	$	249	4%
Efficiency ratio		48%		48%		47%		47%		44%	(300) bps	(400) bps		48%		46%	(200) bps
Average allocated TCE (in billions)⁽⁴⁾	$	25.2	$	25.2	$	23.4	$	23.4	$	23.4	-	(7%)	$	25.2	$	23.4	(7%)
RoTCE⁽⁴⁾		8.2%		6.2%		12.9%		11.1%		14.5%	340 bps	630 bps		5.2%		12.9%	770 bps

Revenue by component
Branded Cards⁽¹⁾⁽⁵⁾	$	2,741	$	2,806	$	2,892	$	2,822	$	2,970	5%	8%	$	7,929	$	8,684	10%
Retail Services⁽¹⁾⁽⁵⁾		1,704		1,741		1,675		1,649		1,686	2%	(1%)		5,329		5,010	(6%)
Retail Banking⁽¹⁾⁽⁵⁾		519		603		661		648		675	4%	30%		1,647		1,984	20%
Total	$	4,964	$	5,150	$	5,228	$	5,119	$	5,331	4%	7%	$	14,905	$	15,678	5%

Average loans and deposits⁽⁶⁾(in billions)
Average loans	$	210	$	216	$	216	$	217	$	220	1%	5%	$	207	$	218	5%
ACLL as a % of EOP loans⁽⁷⁾		6.52%		6.38%		6.51%		6.34%		6.33%	(1) bps	(19) bps
Average deposits		85		86		89		90		90	-	6%		93		90	(3%)

(1)	See footnote 1 on page 1.

(2)	Primarily related to retail banking and credit card-related fees.

(3)	Primarily related to revenue incentives from card networks and partners.

(4)	TCE and RoTCE are non-GAAP financial measures. See page 22 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.

(5)	Effective January 1, 2025, USPB changed its reporting for certain installment lending products that were transferred from Retail Banking to Branded Cards and Retail Services to reflect where these products are managed. Prior periods were conformed to reflect this change.

(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 9

U.S. PERSONAL BANKING

Metrics

											3Q25 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2024		2024		2025		2025		2025		2Q25	3Q24

U.S. Personal Banking Key Drivers)⁽¹⁾⁽²⁾ (in billions of dollars, except as otherwise noted)

New credit cards account acquisitions (in thousands)
Branded Cards		1,224		1,129		1,300		1,194		1,343	12%	10%
Retail Services		1,799		2,391		1,540		2,061		1,868	(9%)	4%
Credit card spend volume
Branded Cards	$	128.9	$	135.4	$	125.1	$	135.8	$	135.6	-	5%
Retail Services		21.7		25.2		19.0		22.9		21.5	(6%)	(1%)
Average loans⁽³⁾
Branded Cards	$	114.8	$	116.9	$	116.7	$	118.0	$	120.2	2%	5%
Credit cards		111.1		113.1		112.9		114.3		116.5	2%	5%
Personal installment loans (PIL)		3.7		3.8		3.8		3.7		3.7	-	-
Retail Services		51.2		51.9		51.3		50.2		50.3	-	(2%)
Retail Banking		44.3		46.8		47.9		48.7		49.8	2%	12%
EOP loans⁽³⁾
Branded Cards	$	115.9	$	121.1	$	116.3	$	120.2	$	121.2	1%	5%
Credit cards		112.1		117.3		112.6		116.6		117.4	1%	5%
PIL		3.8		3.8		3.7		3.6		3.8	6%	-
Retail Services		51.6		53.8		50.2		50.7		50.1	(1%)	(3%)
Retail Banking		45.6		46.8		48.2		49.3		50.3	2%	10%
Total revenues, net of interest expenses as a % of average loans
Branded Cards		9.50%		9.55%		10.05%		9.59%		9.80%	21 bps	30 bps
Retail Services		13.24%		13.35%		13.24%		13.18%		13.30%	12 bps	6 bps
NII as a % of average loans⁽⁴⁾
Branded Cards		9.18%		9.36%		9.79%		9.53%		9.67%	14 bps	49 bps
Retail Services		17.12%		17.06%		17.13%		16.89%		17.31%	42 bps	19 bps
NCLs as a % of average loans
Branded Cards		3.63%		3.63%		3.97%		3.80%		3.54%	(26) bps	(9) bps
Credit cards		3.56%		3.55%		3.89%		3.73%		3.45%	(28) bps	(11) bps
PIL		5.70%		6.18%		6.19%		6.18%		6.43%	25 bps	73 bps
Retail Services		6.14%		6.21%		6.43%		5.89%		5.28%	(61) bps	(86) bps
Retail Banking		0.24%		0.36%		0.25%		0.27%		0.28%	1 bps	4 bps
Loans 90+ days past due as a % of EOP loans
Branded Cards		1.09%		1.16%		1.18%		1.09%		1.07%	(2) bps	(2) bps
Credit cards		1.11%		1.18%		1.20%		1.11%		1.08%	(3) bps	(3) bps
PIL		0.50%		0.55%		0.49%		0.58%		0.55%	(3) bps	5 bps
Retail Services		2.45%		2.46%		2.38%		2.15%		2.21%	6 bps	(24) bps
Retail Banking⁽⁵⁾		0.33%		0.31%		0.33%		0.40%		0.40%	0 bps	7 bps
Loans 30-89 days past due as a % of EOP loans
Branded Cards		1.06%		1.04%		1.03%		0.97%		1.05%	8 bps	(1) bps
Credit cards		1.05%		1.03%		1.02%		0.96%		1.04%	8 bps	(1) bps
PIL		1.32%		1.34%		1.38%		1.39%		1.24%	(15) bps	(8) bps
Retail Services		2.29%		2.09%		2.12%		1.96%		2.11%	15 bps	(18) bps
Retail Banking⁽⁵⁾		0.42%		0.48%		0.56%		0.45%		0.39%	(6) bps	(3) bps
Branches (actual)		641		642		644		650		653	-	2%
Mortgage originations	$	4.6	$	4.2	$	2.8	$	4.7	$	4.6	(2%)	-

(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)	See footnote 5 on page 9.

(3)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)	Net interest income includes certain fees that are recorded as interest revenue.

(5)	Excludes U.S. government-sponsored agency guaranteed loans.

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)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income	$	1,469	$	1,182	$	1,195	$	1,364	$	1,278	(6%)	(13%)	$	4,717	$	3,837	(19%)
Non-interest revenue⁽⁴⁾⁽⁵⁾		351		153		250		334		257	(23%)	(27%)		1,451		841	(42%)
Total revenues, net of interest expense		1,820		1,335		1,445		1,698		1,535	(10%)	(16%)		6,168		4,678	(24%)
Total operating expenses^{(4)(5)(6)(7)(8)(9)}		2,077		2,162		2,224		2,276		2,168	(5%)	4%		6,868		6,668	(3%)
Net credit losses on loans		208		257		256		256		297	16%	43%		671		809	21%
Credit reserve build (release) for loans		55		112		73		70		16	(77%)	(71%)		(39)		159	NM
Provision (release) for credit losses on unfunded lending commitments		(7)		(1)		(1)		(6)		(6)	-	14%		(15)		(13)	13%
Provisions for benefits and claims, other assets and HTM debt securities		33		29		31		54		24	(56%)	(27%)		101		109	8%
Provisions for credit losses and for benefits and claims (PBC)		289		397		359		374		331	(11%)	15%		718		1,064	48%
Income (loss) from continuing operations before taxes		(546)		(1,224)		(1,138)		(952)		(964)	(1%)	(77%)		(1,418)		(3,054)	(115%)
Income taxes (benefits)		(52)		(153)		(285)		(364)		(263)	28%	(406%)		(29)		(912)	NM
Income (loss) from continuing operations		(494)		(1,071)		(853)		(588)		(701)	(19%)	(42%)		(1,389)		(2,142)	(54%)
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		-		(1)	NM	-		(2)		(2)	-
Noncontrolling interests		(12)		(1)		16		(21)		3	NM	NM		(29)		(2)	93%
Net income (loss)	$	(483)	$	(1,070)	$	(870)	$	(567)	$	(705)	(24%)	(46%)	$	(1,362)	$	(2,142)	(57%)
EOP assets (in billions)	$	195	$	201	$	203	$	212	$	208	(2%)	7%
Average assets (in billions)		194		196		204		210		207	(1%)	7%	$	195	$	207	6%
Efficiency ratio		114%		162%		154%		134%		141%	700 bps	2,700 bps		111%		143%	3,200 bps
Average allocated TCE (in billions)⁽¹⁰⁾	$	29.2	$	29.5	$	37.9	$	40.7	$	40.9	-	40%	$	27.4	$	39.4	44%

Revenue by reporting unit and component
Mexico Consumer/SBMM	$	1,523	$	1,422	$	1,467	$	1,536	$	1,722	12%	13%	$	4,719	$	4,725	-
Asia Consumer⁽¹¹⁾		191		150		135		155		149	(4%)	(22%)		662		439	(34%)
Legacy Holdings Assets (LHA)		20		(9)		19		-		-	-	(100%)		(109)		19	NM
Corporate/Other		86		(228)		(176)		7		(336)	NM	NM		896		(505)	NM
Total	$	1,820	$	1,335	$	1,445	$	1,698	$	1,535	(10%)	(16%)	$	6,168	$	4,678	(24%)

Mexico Consumer/SBMM—key indicators (in billions of dollars)
EOP loans	$	23.5	$	23.1	$	24.1	$	26.8	$	28.5	6%	21%
EOP deposits		34.6		34.1		35.3		38.4		40.6	6%	17%
Average loans		23.9		23.4		23.7		25.5		27.2	7%	14%
NCLs as a % of average loans (Mexico Consumer only)		4.36%		4.81%		5.51%		5.28%		5.46%	18 bps	110 bps
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)		1.37%		1.43%		1.41%		1.58%		1.60%	2 bps	23 bps
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)		1.47%		1.41%		1.46%		1.52%		1.58%	6 bps	11 bps

Asia Consumer—key indicators (in billions of dollars)^(12)(13)
EOP loans	$	5.5	$	4.7	$	4.5	$	3.0	$	2.7	(10%)	(51%)
EOP deposits		8.4		7.5		7.4		1.5		1.3	(13%)	(85%)
Average loans		5.6		5.1		4.7		4.0		2.8	(30%)	(50%)

Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans	$	2.5	$	2.2	$	2.2	$	2.1	$	1.8	(14%)	(28%)

(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)	Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's divestitures of its Asia consumer banking businesses and the planned divestiture of Mexico Consumer/SBMM within Legacy Franchises. See page 14 for additional information.

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

(4)	See footnote 1 on page 1.

(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 22 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.

(12)	Asia Consumer also includes loans and deposits in Poland (through 1Q25) and Russia.

(13)	The key indicators for Asia Consumer also reflect the reclassification of loans and deposits to Other assets and Other liabilities under HFS accounting on Citi’s Consolidated Balance Sheet beginning in 2Q25.

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)

											3Q25 Increase/		Nine		Nine			YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months			YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025			(Decrease)

Net interest income	$	1,253	$	1,160	$	1,167	$	1,271	$	1,338	5%	7%	$	3,727	$	3,776	1%
Non-interest revenue⁽⁴⁾⁽⁵⁾		481		403		454		420		533	27%	11%		1,545		1,407	(9%)
Total revenues, net of interest expense		1,734		1,563		1,621		1,691		1,871	11%	8%		5,272		5,183	(2%)
Total operating expenses^{(4)(5)(6)(7)(8)(9)}		1,475		1,381		1,334		1,287		1,320	3%	(11%)		4,630		3,941	(15%)
Net credit losses on loans		208		257		256		256		297	16%	43%		671		809	21%
Credit reserve build (release) for loans		55		112		73		70		16	(77%)	(71%)		(39)		159	NM
Provision (release) for credit losses on unfunded lending commitments		(7)		(1)		(1)		(6)		(6)	-	14%		(15)		(13)	13%
Provisions for benefits and claims (PBC), other assets and HTM debt securities		35		25		30		51		20	(61%)	(43%)		100		101	1%
Provisions for credit losses and for PBC		291		393		358		371		327	(12%)	12%		717		1,056	47%
Income (loss) from continuing operations before taxes		(32)		(211)		(71)		33		224	NM	NM		(75)		186	NM
Income taxes (benefits)		(1)		(53)		(25)		(5)		66	NM	NM		11		36	227%
Income (loss) from continuing operations		(31)		(158)		(46)		38		158	316%	NM		(86)		150	NM
Noncontrolling interests		-		3		14		(22)		3	NM	NM		2		(5)	NM
Net income (loss)	$	(31)	$	(161)	$	(60)	$	60	$	155	158%	NM	$	(88)	$	155	NM
EOP assets (in billions)	$	69	$	74	$	77	$	83	$	86	4%	25%
Average assets (in billions)		70		72		77		81		85	5%	21%	$	75	$	81	8%
Efficiency ratio		85%		88%		82%		76%		71%	(500) bps	(1,400) bps		88%		76%	(1,200) bps
Allocated TCE (in billions)⁽¹⁰⁾	$	6.2	$	6.2	$	5.1	$	5.1	$	5.1	-	(18%)	$	6.2	$	5.1	(18%)

Revenue by reporting unit and component
Mexico Consumer/SBMM⁽³⁾	$	1,523	$	1,422	$	1,467	$	1,536	$	1,722	12%	13%	$	4,719	$	4,725	-
Asia Consumer⁽¹¹⁾		191		150		135		155		149	(4%)	(22)%		662		439	(34%)
Legacy Holdings Assets (LHA)		20		(9)		19		-		-	-	(100)%		(109)		19	NM
Total	$	1,734	$	1,563	$	1,621	$	1,691	$	1,871	11%	8%	$	5,272	$	5,183	(2%)

Mexico Consumer/SBMM⁽³⁾—key indicators (in billions of dollars)
EOP loans	$	23.5	$	23.1	$	24.1	$	26.8	$	28.5	6%	21%
EOP deposits		34.6		34.1		35.3		38.4		40.6	6%	17%
Average loans		23.9		23.4		23.7		25.5		27.2	7%	14%
NCLs as a % of average loans (Mexico Consumer only)		4.36%		4.81%		5.51%		5.28%		5.46%	18 bps	110 bps
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)		1.37%		1.43%		1.41%		1.58%		1.60%	2 bps	23 bps
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)		1.47%		1.41%		1.46%		1.52%		1.58%	6 bps	11 bps

Asia Consumer—key indicators (in billions of dollars)^(12)(13)
EOP loans	$	5.5	$	4.7	$	4.5	$	3.0	$	2.7	(10%)	(51%)
EOP deposits		8.4		7.5		7.4		1.5		1.3	(13%)	(85%)
Average loans		5.6		5.1		4.7		4.0		2.8	(30%)	(50%)

Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans	$	2.5	$	2.2	$	2.2	$	2.1	$	1.8	(14%)	(28%)

(1)	Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's divestitures of its Asia consumer banking businesses and the planned divestiture of 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 (primarily North America consumer mortgage loans, Citigroup's U.K. consumer banking business and other legacy assets).

(4)	See footnote 1 on page 1.

(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 22 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.

(12)	Asia Consumer also includes loans and deposits in Poland (through 1Q25) and Russia.

(13)	The key indicators for Asia Consumer also reflect the reclassification of loans and deposits to Other assets and Other liabilities under HFS accounting on Citi’s Consolidated Balance Sheet beginning in 2Q25.

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)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income	$	216	$	22	$	28	$	93	$	(60)	NM	NM	$	990	$	61	(94%)
Non-interest revenue		(130)		(250)		(204)		(86)		(276)	(221%)	(112%)		(94)		(566)	NM
Total revenues, net of interest expense		86		(228)		(176)		7		(336)	NM	NM		896		(505)	NM

Total operating expenses		602		781		890		989		848	(14%)	41%		2,238		2,727	22%
Provisions for other assets, HTM debt securities and other		(2)		4		1		3		4	33%	NM		1		8	NM
Income (loss) from continuing operations before taxes		(514)		(1,013)		(1,067)		(985)		(1,188)	(21%)	(131%)		(1,343)		(3,240)	(141%)
Income taxes (benefits)		(51)		(100)		(260)		(359)		(329)	8%	NM		(40)		(948)	NM
Income (loss) from continuing operations		(463)		(913)		(807)		(626)		(859)	(37%)	(86%)		(1,303)		(2,292)	(76%)
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		-		(1)	NM	-		(2)		(2)	-
Noncontrolling interests		(12)		(4)		2		1		-	(100%)	100%		(31)		3	NM
Net income (loss)	$	(452)	$	(909)	$	(810)	$	(627)	$	(860)	(37%)	(90%)	$	(1,274)	$	(2,297)	(80%)
EOP assets (in billions)	$	126	$	127	$	126	$	129	$	122	(5%)	(3%)
Average allocated TCE (in billions)⁽²⁾		23.0		23.3		32.8		35.6		35.8	1%	56%	$	21.2	$	34.3	62%

(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 22 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

RECONCILING ITEMS⁽¹⁾

Divestiture-Related Impacts

(In millions of dollars, except as otherwise noted)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Net interest income	$	-	$	-	$	-	$	-	$	-	-	-	$	-	$	-	-
Non-interest revenue⁽²⁾		1		4		-		(177)		2	NM	100%		22		(175)	NM
Total revenues, net of interest expense		1		4		-		(177)		2	NM	100%		22		(175)	NM
Total operating expenses^{(2)(3)(4)(5)(6)}		67		56		34		37		766	NM	NM		262		837	219%
Net credit losses on loans		(1)		-		-		5		(3)	NM	(200%)		7		2	(71%)
Credit reserve build (release) for loans		-		-		(11)		-		-	-	-		-		(11)	NM
Provision (release) for credit losses on unfunded lending commitments		-		-		-		-		-	-	-		-		-	-
Provisions for benefits and claims, other assets and HTM debt securities		-		-		-		-		-	-	-		-		-	-
Provisions for credit losses and for benefits and claims (PBC)		(1)		-		(11)		5		(3)	NM	(200%)		7		(9)	NM
Income (loss) from continuing operations before taxes		(65)		(52)		(23)		(219)		(761)	(247%)	NM		(247)		(1,003)	(306%)
Income taxes (benefits)		(20)		(16)		(8)		(39)		16	NM	NM		(76)		(31)	59%
Income (loss) from continuing operations		(45)		(36)		(15)		(180)		(777)	(332%)	NM		(171)		(972)	(468%)
Income (loss) from discontinued operations, net of taxes		-		-		-		-		-	-	-		-		-	-
Noncontrolling interests		-		-		-		-		-	-	-		-		-	-
Net income (loss)	$	(45)	$	(36)	$	(15)	$	(180)	$	(777)	(332%)	NM	$	(171)	$	(972)	(468%)

(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)

2Q25 includes (i) an approximately $186 million loss recorded in revenue (approximately $157 million after tax) related to the announced sale of the Poland consumer banking business; and (ii) approximately $37 million in operating expenses (approximately $26 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, 2025.

(3)

3Q24 includes approximately $67 million in operating expenses (approximately $46 million after-tax), primarily related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024.

(4)	4Q24 includes approximately $56 million in operating expenses (approximately $39 million after-tax), primarily related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi's Annual Report on Form 10-K for the year ended December 31, 2024.

(5)

1Q25 includes approximately $34 million in operating expenses (approximately $23 million after-tax), largely related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025.

(6)	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.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 14

EOP LOANS⁽¹⁾⁽²⁾

(In billions of dollars)

											3Q25 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2024		2024		2025		2025		2025		2Q25	3Q24

Corporate loans by region
North America	$	127.5	$	130.8	$	138.7	$	146.5	$	150.1	2%	18%
International		172.3		170.6		177.0		183.1		185.2	1%	7%
Total corporate loans	$	299.8	$	301.4	$	315.7	$	329.6	$	335.3	2%	12%

Corporate loans by segment and reporting unit
Services	$	88.7	$	87.9	$	98.0	$	96.4	$	99.4	3%	12%
Markets		120.0		125.3		129.8		144.3		149.7	4%	25%
Banking		84.7		82.1		81.4		81.9		78.8	(4%)	(7%)
All Other - Legacy Franchises - Mexico SBMM & AFG⁽³⁾		6.4		6.1		6.5		7.0		7.4	6%	16%
Total corporate loans	$	299.8	$	301.4	$	315.7	$	329.6	$	335.3	2%	12%

Wealth by region
North America	$	99.8	$	98.0	$	96.7	$	98.0	$	97.9	-	(2%)
International		51.2		49.5		50.6		52.7		53.5	2%	4%
Total	$	151.0	$	147.5	$	147.3	$	150.7	$	151.4	-	-

USPB⁽⁴⁾
Branded Cards	$	115.9	$	121.1	$	116.3	$	120.2	$	121.2	1%	5%
Credit cards		112.1		117.3		112.6		116.6		117.4	1%	5%
Personal installment loans (PIL)		3.8		3.8		3.7		3.6		3.8	6%	-
Retail Services		51.6		53.8		50.2		50.7		50.1	(1%)	(3%)
Retail Banking		45.6		46.8		48.2		49.3		50.3	2%	10%
Total	$	213.1	$	221.7	$	214.7	$	220.2	$	221.6	1%	4%

All Other—Consumer
Mexico Consumer	$	17.4	$	17.2	$	17.9	$	20.0	$	21.2	6%	22%
Asia Consumer⁽⁵⁾		5.5		4.7		4.5		3.0		2.7	(10%)	(51%)
Legacy Holdings Assets (LHA)		2.2		2.0		1.9		1.9		1.7	(11%)	(23%)
Total	$	25.1	$	23.9	$	24.3	$	24.9	$	25.6	3%	2%

Total consumer loans	$	389.2	$	393.1	$	386.3	$	395.8	$	398.6	1%	2%

Total loans—EOP	$	688.9	$	694.5	$	702.1	$	725.3	$	733.9	1%	7%

Total loans—average	$	686.5	$	688.0	$	690.7	$	712.2	$	725.0	2%	6%

NCLs as a % of total average loans		1.26%		1.30%		1.44%		1.26%		1.21%	(5) bps	(5) bps

(1)	Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises—Mexico SBMM, and the AFG.

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

(3)	Includes Legacy Franchises corporate loans activity related to Mexico SBMM and AFG (AFG was previously reported in Markets; all periods have been reclassified to reflect this move into Legacy Franchises), as well as other LHA corporate loans.

(4)	See footnote 5 on page 9.

(5)	Asia Consumer also includes loans in Poland (through 1Q25) and Russia.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 16

EOP DEPOSITS

(In billions of dollars)

											3Q25 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2024		2024		2025		2025		2025		2Q25	3Q24

Services, Markets, and Banking by region
North America	$	394.7	$	397.8	$	406.2	$	414.4	$	428.4	3%	9%
International		444.9		422.5		444.4		477.2		483.1	1%	9%
Total	$	839.6	$	820.3	$	850.6	$	891.6	$	911.5	2%	9%

Treasury and Trade Solutions	$	683.7	$	680.7	$	692.1	$	726.4	$	740.0	2%	8%
Securities Services		142.0		126.3		140.9		148.1		151.3	2%	7%
Services	$	825.7	$	807.0	$	833.0	$	874.5	$	891.3	2%	8%
Markets⁽¹⁾		13.4		12.7		17.1		16.7		19.4	16%	45%
Banking		0.5		0.6		0.5		0.4		0.8	100%	60%
Total	$	839.6	$	820.3	$	850.6	$	891.6	$	911.5	2%	9%

Wealth
North America	$	191.7	$	189.5	$	186.3	$	186.8	$	188.9	1%	(1%)
International		124.6		123.3		122.4		123.1		129.2	5%	4%
Total	$	316.3	$	312.8	$	308.7	$	309.9	$	318.1	3%	1%

USPB	$	85.1	$	89.4	$	92.4	$	90.5	$	89.6	(1%)	5%

All Other
Legacy Franchises
Mexico Consumer	$	26.1	$	26.0	$	25.6	$	28.5	$	29.7	4%	14%
Mexico SBMM—corporate		8.5		8.1		9.7		9.9		10.9	10%	28%
Asia Consumer⁽²⁾		8.4		7.5		7.4		1.5		1.3	(13%)	(85%)
Legacy Holdings Assets (LHA)⁽³⁾		0.4		0.2		0.1		0.1		0.1	-	(75%)
Corporate/Other⁽¹⁾		25.6		20.2		21.9		25.7		22.7	(12%)	(11%)
Total	$	69.0	$	62.0	$	64.7	$	65.7	$	64.7	(2%)	(6%)

Total deposits—EOP	$	1,310.0	$	1,284.5	$	1,316.4	$	1,357.7	$	1,383.9	2%	6%

Total deposits—average	$	1,311.1	$	1,320.4	$	1,305.0	$	1,342.8	$	1,382.2	3%	5%

(1)	During the third quarter of 2024, approximately $9 billion of institutional deposits were moved from Markets to Corporate/Other, as they are managed by Citi Treasury. Prior periods were not impacted.

(2)	Asia Consumer also includes deposits in Poland (through 1Q25) and Russia.

(3)	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)

																		Builds											ACLL/EOP
	Balance		Builds (Releases)										FY 2024		Balance			(Releases)							YTD 2025		Balance		Loans
	12/31/23		1Q24		2Q24		3Q24		4Q24		FY 2024		FX/Other		12/31/24		1Q25		2Q25		3Q25		YTD 2025		FX/Other⁽¹⁾		9/30/25		9/30/25

Allowance for credit losses on loans (ACLL)
Services	$	397	$	34	$	(100)	$	7	$	(71)	$	(130)	$	(3)	$	264	$	24	$	53	$	(4)	$	73	$	7	$	344
Markets		820		120		(111)		37		167		213		(3)		1,030		48		53		(44)		57		12		1,099
Banking		1,376		(89)		(51)		62		(122)		(200)		(9)		1,167		78		137		38		253		25		1,445
Legacy Franchises corporate (Mexico SBMM & AFG⁽²⁾)		121		(8)		(12)		(3)		10		(13)		(13)		95		4		16		(12)		8		10		113
Total corporate ACLL	$	2,714	$	57	$	(274)	$	103	$	(16)	$	(130)	$	(28)	$	2,556	$	154	$	259	$	(22)	$	391	$	54	$	3,001	0.92%
U.S. Cards⁽³⁾	$	12,626	$	326	$	357	$	10	$	221	$	914	$	20	$	13,560	$	(169)	$	(12)	$	44	$	(137)	$	2	$	13,425	8.01%
Installment loans⁽⁴⁾		319		13		30		30		32		105		1		425		(5)		7		11		13		(1)		437
Retail Banking⁽⁴⁾		157		(2)		(5)		1		(7)		(13)		-		144		3		(1)		9		11		-		155
Total USPB	$	13,102	$	337	$	382	$	41	$	246	$	1,006	$	21	$	14,129	$	(171)	$	(6)	$	64	$	(113)	$	1	$	14,017
Wealth		767		(190)		(43)		8		(11)		(236)		(2)		529		61		(64)		(25)		(28)		7		508
All Other—consumer		1,562		(85)		11		58		102		86		(288)		1,360		58		54		28		140		180		1,680
Total consumer ACLL	$	15,431	$	62	$	350	$	107	$	337	$	856	$	(269)	$	16,018	$	(52)	$	(16)	$	67	$	(1)	$	188	$	16,205	4.07%
Total ACLL	$	18,145	$	119	$	76	$	210	$	321	$	726	$	(297)	$	18,574	$	102	$	243	$	45	$	390	$	242	$	19,206	2.65%
Allowance for credit losses on unfunded lending commitments (ACLUC)	$	1,728	$	(98)	$	(8)	$	105	$	(118)	$	(119)	$	(8)	$	1,601	$	108	$	(19)	$	100	$	189	$	30	$	1,820
Total ACLL and ACLUC (EOP)		19,873		21		68		315		203		607		(305)		20,175		210		224		145		579		272		21,026
Other⁽⁵⁾		1,883		14		107		160		131		412		(293)		2,002		34		388		74		496		254		2,752
Total allowance for credit losses (ACL)	$	21,756	$	35	$	175	$	475	$	334	$	1,019	$	(598)	$	22,177	$	244	$	612	$	219	$	1,075	$	526	$	23,778

(1)	Primarily includes FX translation on the EOP ACL balances.

(2)	See footnote 3 on page 16.

(3)	The December 31, 2024 ACLL balance includes approximately $20 million related to an acquired portfolio, which is also reflected in the FX/Other column in this table.

(4)	See footnote 5 on page 9.

(5)	Includes ACL activity on HTM securities and Other assets.

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)

											3Q25 Increase/		Nine		Nine		YTD 2025 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Months		Months		YTD 2024 Increase/
	2024		2024		2025		2025		2025		2Q25	3Q24	2024		2025		(Decrease)

Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	18,216	$	18,356	$	18,574	$	18,726	$	19,123	2%	5%	$	18,145	$	18,574	2%
Gross credit (losses) on loans		(2,609)		(2,680)		(2,926)		(2,723)		(2,726)	-	(4%)		(8,014)		(8,375)	(5%)
Gross recoveries on loans		437		438		467		489		512	5%	17%		1,256		1,468	17%
Net credit (losses) / recoveries on loans (NCLs)		(2,172)		(2,242)		(2,459)		(2,234)		(2,214)	(1%)	2%		(6,758)		(6,907)	2%
Replenishment of NCLs		2,172		2,242		2,459		2,234		2,214	(1%)	2%		6,758		6,907	2%
Net reserve builds / (releases) for loans		210		321		102		243		45	(81%)	(79%)		405		390	(4%)
Provision for credit losses on loans (PCLL)		2,382		2,563		2,561		2,477		2,259	(9%)	(5%)		7,163		7,297	2%
Other, net^{(1)(2)(3)(4)(5)(6)}		(70)		(103)		50		154		38	(75%)	NM		(194)		242	NM
ACLL at end of period (a)	$	18,356	$	18,574	$	18,726	$	19,123	$	19,206	-	5%	$	18,356	$	19,206	5%

Allowance for credit losses on unfunded lending commitments (ACLUC)⁽⁷⁾ (a)	$	1,725	$	1,601	$	1,720	$	1,721	$	1,820	6%	6%	$	1,725	$	1,820	6%

Provision (release) for credit losses on unfunded lending commitments	$	105	$	(118)	$	108	$	(19)	$	100	NM	(5%)	$	(1)	$	189	NM

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]	$	20,081	$	20,175	$	20,446	$	20,844	$	21,026	1%	5%	$	20,081	$	21,026	5%

Total ACLL as a percentage of total loans⁽⁸⁾		2.70%		2.71%		2.70%		2.67%		2.65%	(2) bps	(5) bps

Consumer
ACLL at beginning of period	$	15,732	$	15,765	$	16,018	$	16,001	$	16,100	1%	2%	$	15,431	$	16,018	4%

NCLs		(2,098)		(2,191)		(2,277)		(2,185)		(2,122)	(3%)	1%		(6,412)		(6,584)	3%
Replenishment of NCLs		2,098		2,191		2,277		2,185		2,122	(3%)	1%		6,412		6,584	3%
Net reserve builds / (releases) for loans		107		337		(52)		(16)		67	NM	(37%)		519		(1)	NM
Provision for credit losses on loans (PCLL)		2,205		2,528		2,225		2,169		2,189	1%	(1%)		6,931		6,583	(5%)
Other, net^{(1)(2)(3)(4)(5)(6)}		(74)		(84)		35		115		38	(67%)	NM		(185)		188	NM
ACLL at end of period (b)	$	15,765	$	16,018	$	16,001	$	16,100	$	16,205	1%	3%	$	15,765	$	16,205	3%

Consumer ACLUC⁽⁷⁾ (b)	$	39	$	34	$	31	$	24	$	20	(17%)	(49%)	$	39	$	20	(49%)

Provision (release) for credit losses on unfunded lending commitments	$	(4)	$	(2)	$	(3)	$	(1)	$	(4)	(300%)	-	$	(23)	$	(8)	65%

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]	$	15,804	$	16,052	$	16,032	$	16,124	$	16,225	1%	3%	$	15,804	$	16,225	3%

Consumer ACLL as a percentage of total consumer loans		4.05%		4.08%		4.14%		4.07%		4.07%	0 bps	2 bps

Corporate
ACLL at beginning of period	$	2,484	$	2,591	$	2,556	$	2,725	$	3,023	11%	22%	$	2,714	$	2,556	(6%)

NCLs		(74)		(51)		(182)		(49)		(92)	88%	24%		(346)		(323)	(7%)
Replenishment of NCLs		74		51		182		49		92	88%	24%		346		323	(7%)
Net reserve builds / (releases) for loans		103		(16)		154		259		(22)	NM	NM		(114)		391	NM
Provision for credit losses on loans (PCLL)		177		35		336		308		70	(77%)	(60%)		232		714	208%
Other, net⁽¹⁾		4		(19)		15		39		-	(100%)	(100%)		(9)		54	NM

ACLL at end of period (c)	$	2,591	$	2,556	$	2,725	$	3,023	$	3,001	(1%)	16%	$	2,591	$	3,001	16%

Corporate ACLUC⁽⁷⁾ (c)	$	1,686	$	1,567	$	1,689	$	1,697	$	1,800	6%	7%	$	1,686	$	1,800	7%

Provision (release) for credit losses on unfunded lending commitments	$	109	$	(116)	$	111	$	(18)	$	104	NM	(5%)	$	22	$	197	NM

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]	$	4,277	$	4,123	$	4,414	$	4,720	$	4,801	2%	12%	$	4,277	$	4,801	12%

Corporate ACLL as a percentage of total corporate loans⁽⁹⁾		0.89%		0.87%		0.89%		0.94%		0.92%	(2) bps	3 bps

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

Page 19

NON-ACCRUAL ASSETS

(In millions of dollars)

											3Q25 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2024		2024		2025		2025		2025		2Q25	3Q24

Corporate non-accrual loans by region⁽¹⁾
North America	$	459	$	757	$	822	$	953	$	1,280	34%	179%
International		485		620		554		769		791	3%	63%
Total	$	944	$	1,377	$	1,376	$	1,722	$	2,071	20%	119%

Corporate non-accrual loans by segment and component⁽¹⁾
Banking	$	348	$	498	$	510	$	502	$	820	63%	136%
Services		96		65		110		134		187	40%	95%
Markets		390		715		631		932		926	(1%)	137%
Mexico SBMM & AFG		110		99		125		154		138	(10%)	25%
Total	$	944	$	1,377	$	1,376	$	1,722	$	2,071	20%	119%

Consumer non-accrual loans⁽¹⁾
Wealth	$	284	$	404	$	415	$	637	$	583	(8%)	105%
USPB		292		290		305		329		325	(1%)	11%
Mexico Consumer		415		411		416		485		526	8%	27%
Asia Consumer⁽²⁾		21		19		20		16		16	-	(24%)
Legacy Holdings Assets—Consumer		210		186		172		165		157	(5%)	(25%)
Total	$	1,222	$	1,310	$	1,328	$	1,632	$	1,607	(2%)	32%

Total non-accrual loans (NAL)	$	2,166	$	2,687	$	2,704	$	3,354	$	3,678	10%	70%

Other real estate owned (OREO)⁽³⁾	$	25	$	18	$	21	$	26	$	29	12%	16%


NAL as a percentage of total loans		0.31%		0.39%		0.39%		0.46%		0.50%	4 bps	19 bps

ACLL as a percentage of NAL		847%		691%		693%		570%		522%

(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)	Asia Consumer also includes Non-accrual assets in Poland (through 1Q25) and Russia.

(3)	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

COMMON EQUITY TIER 1 (CET1) CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS,

TANGIBLE COMMON EQUITY, COMMON EQUITY, BOOK VALUE

PER SHARE AND TANGIBLE BOOK VALUE PER SHARE (TBVPS)

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

											Nine		Nine
	September 30,		December 31,		March 31,		June 30,		September 30,		Months		Months
CET1 Capital and Ratio and Components⁽¹⁾	2024		2024		2025		2025		2025⁽²⁾		2024		2025

Citigroup common stockholders’ equity⁽³⁾	$	192,796	$	190,815	$	194,125	$	196,931	$	194,038
Add: qualifying noncontrolling interests		168		186		192		200		200
Regulatory capital adjustments and deductions:
Add:
CECL transition provision⁽⁴⁾		757		757		-		-		-
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax		(773)		(220)		(213)		(141)		(116)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax		(906)		(910)		(32)		(408)		(1,443)
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁵⁾		18,397		17,994		18,122		18,524		17,876
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs		3,061		3,357		3,291		3,236		3,169
Defined benefit pension plan net assets and other		1,447		1,504		1,532		1,610		1,725
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards⁽⁶⁾		11,318		11,628		11,517		11,163		10,807
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs⁽⁶⁾⁽⁸⁾		3,071		3,042		4,261		4,204		3,759
CET1 Capital	$	158,106	$	155,363	$	155,839	$	158,943	$	158,461
Risk-Weighted Assets (RWA)⁽⁴⁾	$	1,153,150	$	1,139,988	$	1,162,306	$	1,178,756	$	1,197,575
CET1 Capital ratio (CET1/RWA)		13.71%		13.63%		13.41%		13.48%		13.2%

Supplementary Leverage Ratio and Components
CET1⁽⁴⁾	$	158,106	$	155,363	$	155,839	$	158,943	$	158,461
Additional Tier 1 Capital (AT1)⁽⁷⁾		17,682		19,164		19,675		17,676		20,311
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	175,788	$	174,527	$	175,514	$	176,619	$	178,772
Total Leverage Exposure (TLE)⁽⁴⁾	$	3,005,709	$	2,985,418	$	3,033,450	$	3,195,323	$	3,238,996
Supplementary Leverage ratio (T1C/TLE)⁽⁴⁾		5.85%		5.85%		5.79%		5.53%		5.5%

Tangible Common Equity, Book Value and Tangible Book Value Per Share
Common stockholders’ equity	$	192,733	$	190,748	$	194,058	$	196,872	$	193,973
Less:
Goodwill		19,691		19,300		19,422		19,878		19,126
Intangible assets (other than MSRs)		3,438		3,734		3,679		3,639		3,582
Goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS		16		16		16		16		-
Tangible common equity (TCE)⁽⁹⁾	$	169,588	$	167,698	$	170,941	$	173,339	$	171,265
Common shares outstanding (CSO)		1,891.3		1,877.1		1,867.7		1,840.9		1,789.3
Book value per share (common equity/CSO)	$	101.91	$	101.62	$	103.90	$	106.94	$	108.41
Tangible book value per share (TCE/CSO)⁽⁹⁾	$	89.67	$	89.34	$	91.52	$	94.16	$	95.72

Average TCE (in billions of dollars)⁽⁹⁾
Services	$	24.9	$	24.9	$	24.7	$	24.7	$	24.7	$	24.9	$	24.7
Markets		54.0		54.0		50.4		50.4		50.4		54.0		50.4
Banking		21.8		21.8		20.6		20.6		20.6		21.8		20.6
Wealth		13.2		13.2		12.3		12.3		12.3		13.2		12.3
USPB		25.2		25.2		23.4		23.4		23.4		25.2		23.4
All Other		29.2		29.5		37.9		40.7		40.9		27.4		39.4
Total Citi average TCE	$	168.3	$	168.6	$	169.3	$	172.1	$	172.3	$	166.5	$	170.8
Plus:
Average goodwill	$	19.6	$	19.4	$	18.8	$	19.8	$	19.6	$	19.4	$	19.4
Average intangible assets (other than MSRs)		3.5		3.6		3.7		3.7		3.6		3.7		4.1
Average goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS		-		-		-		-		-		-		-
Total Citi average common stockholders’ equity (in billions of dollars)	$	191.4	$	191.6	$	191.8	$	195.6	$	195.5	$	189.6	$	194.3

(1)	See footnote 3 on page 1.

(2)	September 30, 2025 is preliminary.

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

(4)	See footnote 4 on page 1.

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

(6)

Represents deferred tax excludable from Basel III CET1 Capital, which includes net DTAs arising from net operating loss, foreign tax credit, and general business credit tax carry-forwards and DTAs arising from temporary differences (future deductions) that are deducted from CET1 Capital exceeding the 10% limitation.

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

(8)

Assets subject to 10% / 15% limitations include MSRs, DTAs arising from temporary differences, and significant common stock investments in unconsolidated financial institutions. For all periods presented, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

(9)	TCE and TBVPS are non-GAAP financial measures.

Reclassified to conform to the current period's presentation.

Page 22


		Page
	Citigroup
	Financial Summary	1
	Consolidated Statement of Income	2
	Consolidated Balance Sheet	3
	Operating Segments, Reporting Units, and Components—Net Revenues and Income	4

	Services	5
	Markets	6
	Banking	7
	Wealth	8
	U.S. Personal Banking (USPB)	9
	Metrics	10
	All Other	11
	Legacy Franchises	12
	Corporate/Other	13
	Reconciling Items—Divestiture-Related Impacts	14

	Citigroup Supplemental Detail
	Average Balances and Interest Rates	15
	EOP (End of period) Loans	16
	EOP Deposits	17
	Allowance for Credit Losses (ACL) Rollforward	18
	Allowance for Credit Losses on Loans (ACLL) and Unfunded Lending Commitments (ACLUC)	19 - 20
	Non-Accrual Assets	21
	CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity,	22
	Book Value Per Share and Tangible Book Value Per Share

	Average Volumes						Interest						% Average Rate⁽⁴⁾

(In millions of dollars), except as otherwise noted	3Q24		2Q25		3Q25⁽⁵⁾		3Q24		2Q25		3Q25⁽⁵⁾		3Q24	2Q25	3Q25⁽⁵⁾
Assets
Deposits with banks	$	266,300	$	298,158	$	332,245	$	3,050	$	3,043	$	3,435	4.56%	4.09%	4.10%
Securities borrowed and purchased under resale agreements⁽⁶⁾		335,601		375,205		357,804		7,293		6,621		7,003	8.65%	7.08%	7.77%
Trading account assets⁽⁷⁾		416,636		506,877		523,334		4,451		5,821		5,289	4.25%	4.61%	4.01%
Investments		500,007		449,852		449,689		4,690		4,215		4,177	3.73%	3.76%	3.69%
Consumer loans		386,155		390,349		396,333		10,051		9,771		10,150	10.35%	10.04%	10.16%
Corporate loans		300,357		321,827		328,686		5,771		5,212		5,263	7.64%	6.50%	6.35%
Total loans (net of unearned income)⁽⁸⁾		686,512		712,176		725,019		15,822		14,983		15,413	9.17%	8.44%	8.43%
Other interest-earning assets		77,060		83,064		83,974		1,174		1,204		1,400	6.06%	5.81%	6.61%
Total average interest-earning assets	$	2,282,116	$	2,425,332	$	2,472,065	$	36,480	$	35,887	$	36,717	6.36%	5.93%	5.89%

Liabilities
Deposits	$	1,109,067	$	1,138,996	$	1,180,367	$	10,319	$	8,685	$	9,163	3.70%	3.06%	3.08%
Securities loaned and sold under repurchase agreements⁽⁶⁾		338,459		421,198		401,821		7,328		6,938		7,356	8.61%	6.61%	7.26%
Trading account liabilities⁽⁷⁾		96,448		104,148		107,815		792		748		755	3.27%	2.88%	2.78%
Short-term borrowings and other interest-bearing liabilities		122,255		140,571		147,175		2,009		1,800		1,933	6.54%	5.14%	5.21%
Long-term debt⁽⁹⁾		175,690		182,803		187,340		2,646		2,513		2,543	5.99%	5.51%	5.39%
Total average interest-bearing liabilities	$	1,841,919	$	1,987,716	$	2,024,518	$	23,094	$	20,684	$	21,750	4.99%	4.17%	4.26%


Net interest income as a % of average interest-earning assets (NIM)⁽⁹⁾							$	13,386	$	15,203	$	14,967	2.33%	2.51%	2.40%

3Q25 increase (decrease) from:													7 bps	(11) bps


CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT	3Q25