CITIGROUP FINANCIAL SUMMARY

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


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023

Revenues, net of interest expense	$	19,603	$	17,680	$	17,365	$	16,926	$	19,100	$	19,559	$	18,421	$	17,902	$	21,364	$	19,324	$	20,026	$	17,352
Operating expenses		11,349		11,398		11,695		13,441		13,079		12,314		12,662		12,881		13,206		13,458		13,398		15,908
Net credit losses (NCLs)		1,748		1,320		961		866		872		850		887		1,180		1,302		1,504		1,637		1,994
Credit reserve build (release) for loans		(3,227)		(2,446)		(1,149)		(1,176)		(612)		534		441		593		435		257		179		478
Provision / (release) for unfunded lending commitments		(626)		44		(13)		(193)		474		(159)		(71)		47		(194)		(96)		(54)		(81)
Provisions for benefits and claims, other assets and HTM debt securities		50		16		9		38		21		49		108		25		432		159		78		1,156
Provisions for credit losses and for benefits and claims		(2,055)		(1,066)		(192)		(465)		755		1,274		1,365		1,845		1,975		1,824		1,840		3,547
Income (loss) from continuing operations before income taxes		10,309		7,348		5,862		3,950		5,266		5,971		4,394		3,176		6,183		4,042		4,788		(2,103)
Income taxes (benefits)		2,332		1,155		1,193		771		941		1,182		879		640		1,531		1,090		1,203		(296)
Income (loss) from continuing operations		7,977		6,193		4,669		3,179		4,325		4,789		3,515		2,536		4,652		2,952		3,585		(1,807)
Income (loss) from discontinued operations, net of taxes		(2)		10		(1)		-		(2)		(221)		(6)		(2)		(1)		(1)		2		(1)
Net income (loss) before noncontrolling interests		7,975		6,203		4,668		3,179		4,323		4,568		3,509		2,534		4,651		2,951		3,587		(1,808)
Net income (loss) attributable to noncontrolling interests		33		10		24		6		17		21		30		21		45		36		41		31
Citigroup's net income (loss)	$	7,942	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	$	3,479	$	2,513	$	4,606	$	2,915	$	3,546	$	(1,839)

Diluted earnings per share:
Income (loss) from continuing operations	$	3.62	$	2.84	$	2.15	$	1.46	$	2.02	$	2.30	$	1.63	$	1.16	$	2.19	$	1.33	$	1.63	$	(1.16)
Net income (loss)	$	3.62	$	2.85	$	2.15	$	1.46	$	2.02	$	2.19	$	1.63	$	1.16	$	2.19	$	1.33	$	1.63	$	(1.16)

Preferred dividends	$	292	$	253	$	266	$	229	$	279	$	238	$	277	$	238	$	277	$	288	$	333	$	300

Income allocated to unrestricted common shareholders—basic
Income (loss) from continuing operations (for EPS purposes)		7,586		5,889		4,353		2,924		4,004		4,495		3,180		2,253		4,296		2,595		3,158		(2,217)
Net income (loss) (for EPS purposes)		7,584		5,899		4,352		2,924		4,002		4,274		3,174		2,251		4,295		2,594		3,160		(2,218)

Income allocated to unrestricted common shareholders—diluted
Income (loss) from continuing operations (for EPS purposes)		7,593		5,897		4,360		2,932		4,012		4,506		3,191		2,264		4,307		2,610		3,174		(2,217)
Net income (loss) (for EPS purposes)		7,591		5,907		4,360		2,932		4,010		4,285		3,185		2,262		4,306		2,609		3,176		(2,218)

Shares (in millions):
Average basic		2,082.0		2,056.5		2,009.3		1,984.3		1,971.7		1,941.5		1,936.8		1,936.9		1,943.5		1,942.8		1,924.4		1,909.7
Average diluted		2,096.6		2,073.0		2,026.2		2,001.6		1,988.2		1,958.1		1,955.1		1,955.9		1,964.1		1,968.6		1,951.7		1,909.7
Common shares outstanding, at period end		2,067.0		2,026.8		1,984.3		1,984.4		1,941.9		1,936.7		1,936.9		1,937.0		1,946.8		1,925.7		1,913.9		1,903.1

Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio⁽²⁾⁽³⁾		11.82%		11.83%		11.65%		12.25%		11.38%		11.90%		12.29%		13.03%		13.44%		13.37%		13.59%		13.37%
Tier 1 Capital ratio⁽²⁾⁽³⁾		13.53%		13.35%		13.15%		13.91%		12.98%		13.57%		14.01%		14.80%		15.31%		15.24%		15.40%		15.02%
Total Capital ratio⁽²⁾⁽³⁾		15.64%		15.63%		15.37%		16.04%		14.84%		15.16%		15.09%		15.46%		15.57%		16.04%		15.78%		15.13%
Supplementary Leverage ratio (SLR)⁽³⁾⁽⁴⁾		6.96%		5.84%		5.80%		5.73%		5.58%		5.63%		5.71%		5.82%		5.96%		5.97%		6.04%		5.82%
Return on average assets		1.39%		1.06%		0.79%		0.53%		0.74%		0.77%		0.58%		0.41%		0.76%		0.47%		0.58%		(0.30%)
Return on average common equity(RoCE)		17.2%		13.0%		9.5%		6.4%		9.0%		9.7%		7.1%		5.0%		9.5%		5.6%		6.7%		(4.5%)
Average tangible common equity (TCE) (in billions of dollars)⁽⁵⁾	$	154.7	$	156.9	$	157.4	$	157.0	$	155.3	$	154.4	$	155.5	$	156.9	$	161.1	$	164.1	$	165.3	$	165.2
Return on tangible common equity(RoTCE)⁽⁵⁾		20.1%		15.2%		11.0%		7.4%		10.5%		11.2%		8.2%		5.8%		10.9%		6.4%		7.7%		(5.1%)
Operating leverage⁽⁶⁾		N/D		N/D		N/D		N/D		(1,781) bps		259 bps		(219) bps		993 bps		1,088 bps		(1,049) bps		290 bps		(2,657) bps
Efficiency ratio (total operating expenses/total revenues, net)		57.9%		64.5%		67.3%		79.4%		68.5%		63.0%		68.7%		72.0%		61.8%		69.6%		66.9%		91.7%

Balance sheet data (in billions of dollars, except per share amounts):
Total assets	$	2,314.3	$	2,327.9	$	2,361.9	$	2,291.4	$	2,394.1	$	2,380.9	$	2,381.1	$	2,416.7	$	2,455.1	$	2,423.7	$	2,368.5	$	2,411.8
Total average assets		2,316.8		2,341.8		2,346.0		2,386.2		2,374.0		2,380.1		2,399.4		2,430.6		2,462.2		2,465.6		2,413.8		2,427.3
Total loans		666.0		676.8		664.8		667.8		659.7		657.3		646.0		657.2		652.0		660.6		666.3		689.4
Total deposits		1,301.0		1,310.3		1,347.5		1,317.2		1,333.7		1,321.8		1,306.5		1,366.0		1,330.5		1,319.9		1,273.5		1,308.7
Citigroup's stockholders' equity		202.5		202.2		200.9		202.0		197.7		199.0		198.6		201.2		208.3		208.7		209.5		205.5
Book value per share		88.18		90.86		92.16		92.21		92.03		92.95		92.71		94.06		96.59		97.87		99.28		98.71
Tangible book value per share⁽⁵⁾		75.50		77.87		79.07		79.16		79.03		80.25		80.34		81.65		84.21		85.34		86.90		86.19

Direct staff (in thousands)		211		214		220		223		228		231		238		240		240		240		240		239

(1)

Not used.

(2)

Citi's binding CET1 Capital ratio was derived under the Basel III Standardized Approach, whereas Citi's binding Tier 1 Capital and Total Capital ratios were derived under the Basel III Advanced Approaches framework for December 31, 2025. In prior quarters, the binding Tier 1 Capital ratios were derived under the Basel III Standardized Approach. For the composition of Citi's CET1 Capital and ratio, see page 22.

(3)

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.

(4)	For the composition of Citi's SLR, see page 22.

(5)	TCE, RoTCE and Tangible book value per share are non-GAAP financial measures. See page 23 for a reconciliation of Tangible book value per share and Citi's average TCE to Citi's total average stockholders' equity.

(6)	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.

N/D Not disclosed.

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP FINANCIAL SUMMARY

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


																										Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
		2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025
Revenues, net of interest expense		$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	19,871		$	71,574		$	74,982		$	78,066		$	80,722		$	85,225
Operating expenses			14,107			13,246			13,144			13,070			13,425			13,577			14,290			13,840			47,883			50,936			55,970			53,567			55,132
Net credit losses (NCLs)			2,303			2,283			2,172			2,242			2,459			2,234			2,214			2,190			4,895			3,789			6,437			9,000			9,097
Credit reserve build (release) for loans			119			76			210			321			102			243			45			10			(7,998)			956			1,349			726			400
Provision / (release) for unfunded lending commitments			(98)			(8)			105			(118)			108			(19)			100			13			(788)			291			(425)			(119)			202
Provisions for benefits and claims, other assets and HTM debt securities			41			125			188			148			54			414			91			7			113			203			1,825			502			566
Provisions for credit losses and for benefits and claims			2,365			2,476			2,675			2,593			2,723			2,872			2,450			2,220			(3,778)			5,239			9,186			10,109			10,265
Income (loss) from continuing operations before income taxes			4,544			4,310			4,390			3,802			5,448			5,219			5,350			3,811			27,469			18,807			12,910			17,046			19,828
Income taxes (benefits)			1,136			1,047			1,116			912			1,340			1,186			1,559			1,288			5,451			3,642			3,528			4,211			5,373
Income (loss) from continuing operations			3,408			3,263			3,274			2,890			4,108			4,033			3,791			2,523			22,018			15,165			9,382			12,835			14,455
Income (loss) from discontinued operations, net of taxes			(1)			-			(1)			-			(1)			-			(1)			(1)			7			(231)			(1)			(2)			(3)
Net income (loss) before noncontrolling interests			3,407			3,263			3,273			2,890			4,107			4,033			3,790			2,522			22,025			14,934			9,381			12,833			14,452
Net income (loss) attributable to noncontrolling interests			36			46			35			34			43			14			38			51			73			89			153			151			146
Citigroup's net income (loss)		$	3,371		$	3,217		$	3,238		$	2,856		$	4,064		$	4,019		$	3,752		$	2,471		$	21,952		$	14,845		$	9,228		$	12,682		$	14,306

Diluted earnings per share:
Income (loss) from continuing operations		$	1.58		$	1.52		$	1.51		$	1.34		$	1.96		$	1.96		$	1.86		$	1.19		$	10.14		$	7.11		$	4.04		$	5.95		$	6.99
Net income (loss)		$	1.58		$	1.52		$	1.51		$	1.34		$	1.96		$	1.96		$	1.86		$	1.19		$	10.14		$	7.00		$	4.04		$	5.94		$	6.99

Preferred dividends		$	279		$	242		$	277		$	256		$	269		$	287		$	274		$	284		$	1,040		$	1,032		$	1,198		$	1,054			1,114

Income allocated to unrestricted common shareholders—basic
Income (loss) from continuing operations (for EPS purposes)			3,048			2,943			2,906			2,563			3,752			3,683			3,439			2,150			20,751			13,930			7,851			11,460			13,024
Net income (loss) (for EPS purposes)			3,047			2,943			2,905			2,563			3,751			3,683			3,438			2,149			20,758			13,700			7,850			11,458			13,021

Income allocated to unrestricted common shareholders—diluted
Income (loss) from continuing operations (for EPS purposes)			3,063			2,962			2,926			2,583			3,769			3,702			3,459			2,170			20,781			13,971			7,908			11,534			13,100
Net income (loss) (for EPS purposes)			3,062			2,962			2,925			2,583			3,768			3,702			3,458			2,169			20,789			13,741			7,907			11,532			13,097

Shares (in millions):
Average basic			1,910.4			1,907.7			1,899.9			1,887.6			1,879.0			1,855.9			1,820.3			1,772.8			2,033.0			1,946.7			1,930.1			1,901.4			1,832.0
Average diluted			1,943.2			1,945.7			1,940.3			1,931.0			1,919.6			1,893.1			1,862.6			1,816.9			2,049.4			1,964.3			1,955.8			1,940.1			1,873.1
Common shares outstanding, at period end			1,907.4			1,907.8			1,891.3			1,877.1			1,867.7			1,840.9			1,789.3			1,747.5

Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio⁽²⁾⁽³⁾			13.45%			13.59%			13.71%			13.63%			13.41%			13.48%			13.27%			13.18%			12.25%			13.03%			13.37%			13.63%			13.18%
Tier 1 Capital ratio⁽²⁾⁽³⁾			15.11%			15.30%			15.24%			15.31%			15.10%			14.98%			14.97%			13.65%			13.91%			14.80%			15.02%			15.31%			13.65%
Total Capital ratio⁽²⁾⁽³⁾			15.17%			15.41%			15.21%			15.42%			15.41%			15.28%			15.31%			15.66%			16.04%			15.46%			15.13%			15.42%			15.66%
Supplementary Leverage ratio (SLR)⁽³⁾⁽⁴⁾			5.84%			5.89%			5.85%			5.85%			5.79%			5.53%			5.52%			5.48%			5.73%			5.82%			5.82%			5.85%			5.48%
Return on average assets			0.55%			0.53%			0.52%			0.46%			0.65%			0.61%			0.55%			0.36%			0.94%			0.62%			0.38%			0.51%			0.54%
Return on average common equity(RoCE)			6.6%			6.3%			6.2%			5.4%			8.0%			7.7%			7.1%			4.5%			11.5%			7.7%			4.3%			6.1%			6.8%
Average tangible common equity (TCE) (in billions of dollars)⁽⁵⁾		$	164.7		$	166.1		$	168.3		$	168.6		$	169.3		$	172.1		$	172.3		$	170.4		$	156.3		$	155.9		$	163.4		$	166.7		$	170.6
Return on tangible common equity(RoTCE)⁽⁵⁾			7.6%			7.2%			7.0%			6.1%			9.1%			8.7%			8.0%			5.1%			13.4%			8.9%			4.9%			7.0%			7.7%
Operating leverage⁽⁶⁾			(845) bps			524 bps			281 bps			3,002 bps			759 bps			567 bps			59 bps			(381) bps			(1,340) bps			(161) bps			(577) bps			770 bps			266 bps
Efficiency ratio (total operating expenses/total revenues, net)			67.1%			66.1%			65.0%			67.1%			62.2%			62.7%			64.7%			69.6%			66.9%			67.9%			71.7%			66.4%			64.7%

Balance sheet data (in billions of dollars, except per share amounts):
Total assets		$	2,432.5		$	2,405.7		$	2,430.7		$	2,352.9		$	2,571.5		$	2,622.8		$	2,642.5		$	2,657.2		$	2,291.4		$	2,416.7		$	2,411.8		$	2,352.9		$	2,657.2
Total average assets			2,450.3			2,456.5			2,492.1			2,474.8			2,517.1			2,647.8			2,688.8			2,722.5			2,347.7			2,396.0			2,442.2			2,468.4			2,644.1
Total loans			674.6			687.7			688.9			694.5			702.1			725.3			733.9			752.2			667.8			657.2			689.4			694.5			752.2
Total deposits			1,307.2			1,278.1			1,310.0			1,284.5			1,316.4			1,357.7			1,383.9			1,403.6			1,317.2			1,366.0			1,308.7			1,284.5			1,403.6
Citigroup's stockholders' equity			206.6			208.3			209.1			208.6			212.4			213.2			213.0			212.3			202.0			201.2			205.5			208.6			212.3
Book value per share			99.08			99.70			101.91			101.62			103.90			106.94			108.41			110.01			92.21			94.06			98.71			101.62			110.01
Tangible book value per share⁽⁵⁾			86.67			87.53			89.67			89.34			91.52			94.16			95.72			97.06			79.16			81.65			86.19			89.34			97.06

Direct staff (in thousands)			237			229			229			229			229			230			227			226			223			240			239			229			226

(1)

Not used.

(2)

(3)

(4)	For the composition of Citi's SLR, see page 22.

(5)	TCE, RoTCE and Tangible book value per share are non-GAAP financial measures. See page 23 for a reconciliation of Tangible book value per share and Citi's average TCE to Citi's total average stockholders' equity.

(6)	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.

N/D Not disclosed.

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
		2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023
Revenues
Interest income (including dividends)	$	12,534	$	12,463	$	12,650	$	12,828	$	13,151	$	15,630	$	19,919	$	25,708	$	29,395	$	32,647	$	34,837	$	36,379
Interest expense		2,028		1,985		1,959		2,009		2,280		3,666		7,356		12,438		16,047		18,747		21,009		22,555
Net interest income (NII)		10,506		10,478		10,691		10,819		10,871		11,964		12,563		13,270		13,348		13,900		13,828		13,824

Commissions and fees		3,606		3,301		3,317		3,138		2,482		2,373		2,052		1,912		2,283		2,020		2,082		2,124
Principal transactions		3,805		2,159		2,236		1,608		4,540		4,459		2,349		1,811		3,465		2,047		2,440		329
Administration and other fiduciary fees		961		1,022		1,007		953		966		1,023		915		880		896		989		971		925
Realized gains (losses) on sales of investments, net		401		137		117		10		80		(58)		52		(7)		72		49		30		37
Net impairment losses on investments recognized in earnings		(69)		(13)		(31)		(96)		(90)		(94)		(86)		(224)		(87)		(70)		(71)		(99)
Other revenue (loss)		393		596		28		494		251		(108)		576		260		1,387		389		746		212
Total non-interest revenues (NIR)		9,097		7,202		6,674		6,107		8,229		7,595		5,858		4,632		8,016		5,424		6,198		3,528
Total revenues, net of interest expense		19,603		17,680		17,365		16,926		19,100		19,559		18,421		17,902		21,364		19,324		20,026		17,352

Provisions for credit losses and for benefits and claims
Net credit losses on loans		1,748		1,320		961		866		872		850		887		1,180		1,302		1,504		1,637		1,994
Credit reserve build / (release) for loans		(3,227)		(2,446)		(1,149)		(1,176)		(612)		534		441		593		435		257		179		478
Provision for credit losses on loans		(1,479)		(1,126)		(188)		(310)		260		1,384		1,328		1,773		1,737		1,761		1,816		2,472
Provision for credit losses on held-to-maturity (HTM) debt securities		(11)		4		(10)		14		(2)		20		10		5		(17)		(4)		(3)		-
Provision for credit losses on other assets		9		(3)		(3)		(3)		(4)		7		73		-		425		149		56		1,132
Policyholder benefits and claims		52		15		22		27		27		22		25		20		24		14		25		24
Provision for credit losses on unfunded lending commitments		(626)		44		(13)		(193)		474		(159)		(71)		47		(194)		(96)		(54)		(81)
Total provisions for credit losses and for benefits and claims		(2,055)		(1,066)		(192)		(465)		755		1,274		1,365		1,845		1,975		1,824		1,840		3,547

Operating expenses
Compensation and benefits		6,001		5,982		6,058		7,093		6,820		6,472		6,745		6,618		7,538		7,388		7,424		6,882
Technology / communication		1,852		1,895		1,997		2,084		2,016		2,068		2,145		2,358		2,127		2,309		2,256		2,414
Transactional and product servicing		1,010		1,007		988		1,033		986		1,018		949		946		934		992		974		1,080
Premises and equipment		576		558		560		620		543		619		557		601		598		595		620		695
Professional services		558		603		639		744		548		622		635		676		479		552		512		535
Advertising and marketing		270		340		402		478		311		414		407		424		331		361		324		377
Restructuring		-		-		-		-		-		-		-		-		-		-		-		781
Other operating		1,082		1,013		1,051		1,389		1,855		1,101		1,224		1,258		1,199		1,261		1,288		3,144
Total operating expenses		11,349		11,398		11,695		13,441		13,079		12,314		12,662		12,881		13,206		13,458		13,398		15,908


Income (loss) from continuing operations before income taxes		10,309		7,348		5,862		3,950		5,266		5,971		4,394		3,176		6,183		4,042		4,788		(2,103)
Provision (benefit) for income taxes		2,332		1,155		1,193		771		941		1,182		879		640		1,531		1,090		1,203		(296)

Income (loss) from continuing operations		7,977		6,193		4,669		3,179		4,325		4,789		3,515		2,536		4,652		2,952		3,585		(1,807)
Discontinued operations
Income (loss) from discontinued operations		(2)		10		(1)		-		(2)		(262)		(6)		(2)		(1)		(1)		2		(1)
Provision (benefit) for income taxes		-		-		-		-		-		(41)		-		-		-		-		-		-
Income (loss) from discontinued operations, net of taxes		(2)		10		(1)		-		(2)		(221)		(6)		(2)		(1)		(1)		2		(1)

Net income (loss) before attribution to noncontrolling interests		7,975		6,203		4,668		3,179		4,323		4,568		3,509		2,534		4,651		2,951		3,587		(1,808)
Noncontrolling interests		33		10		24		6		17		21		30		21		45		36		41		31

Citigroup's net income (loss)	$	7,942	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	$	3,479	$	2,513	$	4,606	$	2,915	$	3,546	$	(1,839)

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)


																	Full			Full			Full			Full			Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		Year			Year			Year			Year			Year
	2024		2024		2024		2024		2025		2025		2025		2025		2021			2022			2023			2024			2025
Revenues
Interest income (including dividends)	$	36,223	$	35,987	$	36,456	$	35,047	$	33,666	$	35,859	$	36,690	$	36,649	$	50,475		$	74,408		$	133,258		$	143,713		$	142,864
Interest expense		22,716		22,494		23,094		21,314		19,654		20,684		21,750		20,984		7,981			25,740			78,358			89,618			83,072
Net interest income (NII)		13,507		13,493		13,362		13,733		14,012		15,175		14,940		15,665		42,494			48,668			54,900			54,095			59,792

Commissions and fees		2,636		2,555		2,589		2,456		2,707		2,745		2,888		2,829		13,362			8,819			8,509			10,236			11,169
Principal transactions		3,103		2,718		2,835		2,453		3,510		2,503		2,772		1,450		9,808			13,159			8,281			11,109			10,235
Administration and other fiduciary fees		1,037		1,046		1,059		992		1,045		1,123		1,117		1,129		3,943			3,784			3,781			4,134			4,414
Realized gains (losses) on sales of investments, net		115		23		72		118		121		138		105		107		665			67			188			328			471
Net impairment losses on investments recognized in earnings		(30)		(21)		(41)		(338)		(58)		(35)		(25)		(234)		(209)			(494)			(327)			(430)			(352)
Other revenue (loss)		648		218		333		51		259		19		293		(1,075)		1,511			979			2,734			1,250			(504)
Total non-interest revenues (NIR)		7,509		6,539		6,847		5,732		7,584		6,493		7,150		4,206		29,080			26,314			23,166			26,627			25,433
Total revenues, net of interest expense		21,016		20,032		20,209		19,465		21,596		21,668		22,090		19,871		71,574			74,982			78,066			80,722			85,225

Provisions for credit losses and for benefits and claims
Net credit losses on loans		2,303		2,283		2,172		2,242		2,459		2,234		2,214		2,190		4,895			3,789			6,437			9,000			9,097
Credit reserve build / (release) for loans		119		76		210		321		102		243		45		10		(7,998)			956			1,349			726			400
Provision for credit losses on loans		2,422		2,359		2,382		2,563		2,561		2,477		2,259		2,200		(3,103)			4,745			7,786			9,726			9,497
Provision for credit losses on held-to-maturity (HTM) debt securities		10		(5)		50		(5)		(5)		7		(5)		15		(3)			33			(24)			50			12
Provision for credit losses on other assets		4		112		110		136		39		381		79		(32)		-			76			1,762			362			467
Policyholder benefits and claims		27		18		28		17		20		26		17		24		116			94			87			90			87
Provision for credit losses on unfunded lending commitments		(98)		(8)		105		(118)		108		(19)		100		13		(788)			291			(425)			(119)			202
Total provisions for credit losses and for benefits and claims		2,365		2,476		2,675		2,593		2,723		2,872		2,450		2,220		(3,778)			5,239			9,186			10,109			10,265

Operating expenses
Compensation and benefits		7,673		6,888		7,058		6,923		7,464		7,633		7,474		7,068		25,134			26,655			29,232			28,542			29,639
Technology / communication		2,246		2,238		2,273		2,278		2,379		2,290		2,325		2,429		7,828			8,587			9,106			9,035			9,423
Transactional and product servicing		1,111		1,122		1,103		1,102		1,102		1,184		1,110		1,179		4,038			3,899			3,980			4,438			4,575
Premises and equipment		585		597		606		650		574		615		607		681		2,314			2,320			2,508			2,438			2,477
Professional services		426		449		491		650		476		510		514		573		2,544			2,481			2,078			2,016			2,073
Advertising and marketing		228		280		282		323		250		269		260		318		1,490			1,556			1,393			1,113			1,097
Restructuring		225		36		9		(11)		(3)		(2)		(5)		(4)		-			-			781			259			(14)
Other operating		1,613		1,636		1,322		1,155		1,183		1,078		2,005		1,596		4,535			5,438			6,892			5,726			5,862
Total operating expenses		14,107		13,246		13,144		13,070		13,425		13,577		14,290		13,840		47,883			50,936			55,970			53,567			55,132


Income (loss) from continuing operations before income taxes		4,544		4,310		4,390		3,802		5,448		5,219		5,350		3,811		27,469			18,807			12,910			17,046			19,828
Provision (benefit) for income taxes		1,136		1,047		1,116		912		1,340		1,186		1,559		1,288		5,451			3,642			3,528			4,211			5,373

Income (loss) from continuing operations		3,408		3,263		3,274		2,890		4,108		4,033		3,791		2,523		22,018			15,165			9,382			12,835			14,455
Discontinued operations
Income (loss) from discontinued operations		(1)		-		(1)		-		(1)		-		(1)		(1)		7			(272)			(1)			(2)			(3)
Provision (benefit) for income taxes		-		-		-		-		-		-		-		-		-			(41)			-			-			-
Income (loss) from discontinued operations, net of taxes		(1)		-		(1)		-		(1)		-		(1)		(1)		7			(231)			(1)			(2)			(3)
																														-
Net income (loss) before attribution to noncontrolling interests		3,407		3,263		3,273		2,890		4,107		4,033		3,790		2,522		22,025			14,934			9,381			12,833			14,452
Noncontrolling interests		36		46		35		34		43		14		38		51		73			89			153			151			146

Citigroup's net income (loss)	$	3,371	$	3,217	$	3,238	$	2,856	$	4,064	$	4,019	$	3,752	$	2,471	$	21,952		$	14,845		$	9,228		$	12,682		$	14,306

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


			March 31,		June 30,		September 30,		December 31,		March 31,		June 30,		September 30,		December 31,		March 31,		June 30,		September 30,		December 31,
			2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023
Assets
Cash and due from banks (including segregated cash and other deposits)		$	26,204	$	27,117	$	28,906	$	27,515	$	27,768	$	24,902	$	26,502	$	30,577	$	26,224	$	25,763	$	26,548	$	27,342
Deposits with banks, net of allowance			298,478		272,121		294,902		234,518		244,319		259,128		273,105		311,448		302,735		271,145		227,439		233,590
Securities borrowed and purchased under agreements to resell, net of allowance			315,072		309,047		337,696		327,288		345,410		361,334		349,214		365,401		384,198		337,103		335,059		345,700
Brokerage receivables, net of allowance			60,465		61,138		59,487		54,340		89,218		80,486		79,696		54,192		55,491		60,850		66,194		53,915
Trading account assets			360,659		370,950		342,914		331,945		357,997		340,875		358,260		334,114		383,906		423,189		406,368		411,756
Investments
Available-for-sale debt securities			304,036		302,977		295,573		288,522		264,774		238,499		232,143		249,679		240,487		237,334		241,783		256,936
Held-to-maturity debt securities, net of allowance			161,742		176,742		198,056		216,963		242,547		267,592		267,864		268,863		264,342		262,066		259,456		254,247
Equity securities			7,181		7,344		7,220		7,337		7,281		7,787		8,009		8,040		7,749		7,745		7,759		7,902
Total investments			472,959		487,063		500,849		512,822		514,602		513,878		508,016		526,582		512,578		507,145		508,998		519,085
Loans
Consumer⁽²⁾			375,532		380,804		369,292		376,534		350,328		355,605		357,583		368,067		363,696		374,591		377,714		389,197
Corporate⁽³⁾			290,456		296,030		295,472		291,233		309,341		301,728		288,377		289,154		288,299		286,021		288,634		300,165
Loans, net of unearned income			665,988		676,834		664,764		667,767		659,669		657,333		645,960		657,221		651,995		660,612		666,348		689,362
Allowance for credit losses on loans (ACLL)			(21,638)		(19,238)		(17,715)		(16,455)		(15,393)		(15,952)		(16,309)		(16,974)		(17,169)		(17,496)		(17,629)		(18,145)
Total loans, net			644,350		657,596		647,049		651,312		644,276		641,381		629,651		640,247		634,826		643,116		648,719		671,217
Goodwill			21,905		22,060		21,573		21,299		19,865		19,597		19,326		19,691		19,882		19,998		19,829		20,098
Intangible assets (including MSRs)			4,741		4,687		4,553		4,495		4,522		4,526		4,485		4,428		4,632		4,576		4,540		4,421
Premises and equipment, net of depreciation and amortization			23,379		23,658		23,671		24,328		24,624		24,788		25,157		26,253		27,119		27,818		27,959		28,747
Other assets, net of allowance			86,054		92,431		100,276		101,551		121,504		110,009		107,652		103,743		103,522		102,972		96,824		95,963
Total assets		$	2,314,266	$	2,327,868	$	2,361,876	$	2,291,413	$	2,394,105	$	2,380,904	$	2,381,064	$	2,416,676	$	2,455,113	$	2,423,675	$	2,368,477	$	2,411,834

Liabilities
Non-interest-bearing deposits in U.S. offices		$	138,192	$	149,373	$	145,103	$	158,552	$	153,666	$	147,214	$	135,514	$	122,655	$	123,969	$	109,844	$	104,061	$	112,089
Interest-bearing deposits in U.S. offices			497,335		485,589		567,902		543,283		557,327		565,785		570,920		607,470		587,477		590,700		569,428		576,784
Total U.S. deposits			635,527		634,962		713,005		701,835		710,993		712,999		706,434		730,125		711,446		700,544		673,489		688,873
Non-interest-bearing deposits in offices outside the U.S.			101,662		101,723		94,016		97,270		98,579		100,266		98,904		95,182		90,404		91,899		84,663		88,988
Interest-bearing deposits in offices outside the U.S.			563,786		573,596		540,507		518,125		524,139		508,583		501,148		540,647		528,609		527,424		515,354		530,820
Total international deposits			665,448		675,319		634,523		615,395		622,718		608,849		600,052		635,829		619,013		619,323		600,017		619,808

Total deposits			1,300,975		1,310,281		1,347,528		1,317,230		1,333,711		1,321,848		1,306,486		1,365,954		1,330,459		1,319,867		1,273,506		1,308,681
Securities loaned and sold under agreements to repurchase			219,168		221,817		209,184		191,285		204,494		198,472		203,429		202,444		257,681		260,035		256,770		278,107
Brokerage payables			60,907		59,416		60,501		61,430		91,324		96,474		87,841		69,218		76,708		69,433		75,076		63,539
Trading account liabilities			179,117		174,706		179,286		161,529		188,059		180,453		196,479		170,647		185,010		170,664		164,624		155,345
Short-term borrowings			32,087		31,462		29,683		27,973		30,144		40,054		47,368		47,096		40,187		40,430		43,166		37,457
Long-term debt			256,335		264,575		258,274		254,374		253,954		257,425		253,068		271,606		279,684		274,510		275,760		286,619
Other liabilities, plus allowances⁽⁴⁾			62,404		62,701		75,810		74,920		94,066		86,552		87,276		87,873		76,365		79,314		69,380		75,835
Total liabilities		$	2,110,993	$	2,124,958	$	2,160,266	$	2,088,741	$	2,195,752	$	2,181,278	$	2,181,947	$	2,214,838	$	2,246,094	$	2,214,253	$	2,158,282	$	2,205,583


Stockholders' equity
Preferred stock		$	20,280	$	17,995	$	17,995	$	18,995	$	18,995	$	18,995	$	18,995	$	18,995	$	20,245	$	20,245	$	19,495	$	17,600
Common stock			31		31		31		31		31		31		31		31		31		31		31		31
Additional paid-in capital⁽⁵⁾			107,694		107,820		107,922		108,003		108,050		108,210		108,347		108,458		108,369		108,579		108,757		108,955
Retained earnings			174,816		179,686		183,024		184,948		187,962		191,261		193,462		194,734		198,353		199,976		202,135		198,905
Treasury stock, at cost			(65,261)		(68,253)		(71,246)		(71,240)		(73,744)		(73,988)		(73,977)		(73,967)		(73,262)		(74,247)		(74,738)		(75,238)
Accumulated other comprehensive income (loss) (AOCI)⁽⁵⁾⁽⁶⁾			(35,011)		(35,120)		(36,851)		(38,765)		(43,585)		(45,495)		(48,298)		(47,062)		(45,441)		(45,865)		(46,177)		(44,800)
Total common equity		$	182,269	$	184,164	$	182,880	$	182,977	$	178,714	$	180,019	$	179,565	$	182,194	$	188,050	$	188,474	$	190,008	$	187,853

Total Citigroup stockholders' equity		$	202,549	$	202,159	$	200,875	$	201,972	$	197,709	$	199,014	$	198,560	$	201,189	$	208,295	$	208,719	$	209,503	$	205,453
Noncontrolling interests⁽⁵⁾			724		751		735		700		644		612		557		649		724		703		692		798
Total equity			203,273		202,910		201,610		202,672		198,353		199,626		199,117		201,838		209,019		209,422		210,195		206,251
Total liabilities and equity		$	2,314,266	$	2,327,868	$	2,361,876	$	2,291,413	$	2,394,105	$	2,380,904	$	2,381,064	$	2,416,676	$	2,455,113	$	2,423,675	$	2,368,477	$	2,411,834

(1)

Not used.

(2)	Consumer loans include loans managed by USCC, 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)	The December 31, 2025 balances includes the impact from the sale of the 25% equity stake in Grupo Financiero Banamex, S.A. de C.V.

(6)

Included within AOCI is the Cumulative Translation Adjustment (CTA), net of hedges and taxes, attributable to Grupo Financiero Banamex, S.A. de C.V. and its consolidated subsidiaries as of June 30, 2025 and September 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.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


			March 31,			June 30,			September 30,			December 31,			March 31,			June 30,			September 30,			December 31,
			2024			2024			2024			2024			2025			2025			2025			2025
Assets
Cash and due from banks (including segregated cash and other deposits)		$	25,174		$	26,917		$	25,266		$	22,782		$	24,463		$	24,991		$	23,545		$	23,717
Deposits with banks, net of allowance			247,556			219,217			277,828			253,750			283,868			312,482			324,515			325,862
Securities borrowed and purchased under agreements to resell, net of allowance			344,264			317,970			285,928			274,062			390,215			323,892			321,347			356,195
Brokerage receivables, net of allowance			61,314			64,563			63,653			50,841			57,440			64,029			75,992			62,679
Trading account assets			431,468			446,339			458,072			442,747			518,577			568,558			562,254			537,139
Investments
Available-for-sale debt securities			254,898			249,362			234,444			226,876			225,180			235,802			246,227			246,720
Held-to-maturity debt securities, net of allowance			252,459			251,125			248,274			242,382			220,385			206,094			197,092			189,831
Equity securities			7,826			7,789			7,953			7,399			7,323			7,504			7,413			7,678
Total investments			515,183			508,276			490,671			476,657			452,888			449,400			450,732			444,229
Loans
Consumer⁽²⁾			381,759			386,117			389,151			393,102			386,312			395,759			398,628			408,533
Corporate⁽³⁾			292,819			301,605			299,771			301,386			315,744			329,586			335,277			343,697
Loans, net of unearned income			674,578			687,722			688,922			694,488			702,056			725,345			733,905			752,230
Allowance for credit losses on loans (ACLL)			(18,296)			(18,216)			(18,356)			(18,574)			(18,726)			(19,123)			(19,206)			(19,247)
Total loans, net			656,282			669,506			670,566			675,914			683,330			706,222			714,699			732,983
Goodwill			20,042			19,704			19,691			19,300			19,422			19,878			19,126			19,098
Intangible assets (including MSRs)			4,338			4,226			4,121			4,494			4,430			4,409			4,330			4,284
Premises and equipment, net of depreciation and amortization			29,188			29,399			30,096			30,192			30,814			32,312			32,819			33,339
Other assets, net of allowance			97,701			99,569			104,771			102,206			106,067			116,599			113,116			117,677
Total assets		$	2,432,510		$	2,405,686		$	2,430,663		$	2,352,945		$	2,571,514		$	2,622,772		$	2,642,475		$	2,657,202

Liabilities
Non-interest-bearing deposits in U.S. offices		$	112,535		$	117,607		$	118,034		$	123,338		$	122,472		$	119,898		$	116,921		$	121,610
Interest-bearing deposits in U.S. offices			570,259			546,772			558,461			551,547			562,628			575,709			592,728			613,052
Total U.S. deposits			682,794			664,379			676,495			674,885			685,100			695,607			709,649			734,662
Non-interest-bearing deposits in offices outside the U.S.			87,936			83,150			84,913			84,349			82,215			86,458			83,920			87,041
Interest-bearing deposits in offices outside the U.S.			536,433			530,608			548,591			525,224			549,095			575,668			590,360			581,870
Total international deposits			624,369			613,758			633,504			609,573			631,310			662,126			674,280			668,911

Total deposits			1,307,163			1,278,137			1,309,999			1,284,458			1,316,410			1,357,733			1,383,929			1,403,573
Securities loaned and sold under agreements to repurchase			299,387			305,206			278,377			254,755			403,959			347,913			349,726			348,098
Brokerage payables			73,013			73,621			81,186			66,601			78,302			90,949			89,596			74,836
Trading account liabilities			156,652			151,259			142,534			133,846			148,688			163,952			160,243			162,798
Short-term borrowings			31,910			38,694			41,340			48,505			49,139			55,560			54,760			51,878
Long-term debt			285,495			280,321			299,081			287,300			295,684			317,761			315,846			315,827
Other liabilities, plus allowances⁽⁴⁾			71,492			69,304			68,244			68,114			66,074			74,774			74,498			86,370
Total liabilities		$	2,225,112		$	2,196,542		$	2,220,761		$	2,143,579		$	2,358,256		$	2,408,642		$	2,428,598		$	2,443,380


Stockholders' equity
Preferred stock		$	17,600		$	18,100		$	16,350		$	17,850		$	18,350		$	16,350		$	19,050		$	20,050
Common stock			31			31			31			31			31			31			31			31
Additional paid-in capital⁽⁵⁾			108,592			108,785			108,969			109,117			108,616			108,839			109,010			108,452
Retained earnings			200,956			202,913			204,770			206,294			209,013			211,674			214,034			215,128
Treasury stock, at cost			(74,865)			(74,842)			(75,840)			(76,842)			(77,880)			(79,886)			(84,932)			(89,473)
Accumulated other comprehensive income (loss) (AOCI)⁽⁵⁾⁽⁶⁾			(45,729)			(46,677)			(45,197)			(47,852)			(45,722)			(43,786)			(44,170)			(41,897)
Total common equity		$	188,985		$	190,210		$	192,733		$	190,748		$	194,058		$	196,872		$	193,973		$	192,241

Total Citigroup stockholders' equity		$	206,585		$	208,310		$	209,083		$	208,598		$	212,408		$	213,222		$	213,023		$	212,291
Noncontrolling interests⁽⁵⁾			813			834			819			768			850			908			854			1,531
Total equity			207,398			209,144			209,902			209,366			213,258			214,130			213,877			213,822
Total liabilities and equity		$	2,432,510		$	2,405,686		$	2,430,663		$	2,352,945		$	2,571,514		$	2,622,772		$	2,642,475		$	2,657,202

(1)

Not used.

(2)	Consumer loans include loans managed by USCC, 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)	The December 31, 2025 balances includes the impact from the sale of the 25% equity stake in Grupo Financiero Banamex, S.A. de C.V.

(6)

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)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023
Revenues, net of interest expense
Services		$	3,001		$	3,137		$	3,134		$	3,267		$	3,468		$	4,071		$	4,203		$	4,390		$	4,572		$	4,712		$	4,792
Markets			6,146			4,658			4,684			3,620			6,239			5,469			4,418			4,275			5,790			4,900			4,746
Banking			2,124			1,849			2,055			1,998			1,502			1,739			925			628			932			927			1,120
Wealth			2,539			2,481			2,484			2,367			2,456			2,494			2,425			2,243			2,319			2,330			2,411
U.S. Consumer Cards (USCC)			3,397			3,156			3,302			3,354			3,393			3,467			3,689			3,793			4,071			3,988			4,258
All Other—managed basis⁽¹⁾⁽²⁾			2,396			2,399			2,363			2,333			2,089			2,241			2,147			2,364			2,662			2,473			2,303
Reconciling Items—divestiture-related impacts⁽³⁾			-			-			(657)			(13)			(47)			78			614			209			1,018			(6)			396
Total net revenues—reported		$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026

Income (loss) from continuing operations
Services		$	915		$	1,015		$	915		$	947		$	665		$	1,545		$	1,637		$	1,484		$	1,446		$	1,367		$	1,492
Markets			2,933			1,645			1,427			689			2,498			1,873			941			888			1,890			1,233			1,065
Banking			1,718			919			762			767			(367)			550			(205)			(201)			(135)			(141)			(34)
Wealth			639			511			452			108			178			35			27			(87)			(66)			(137)			(26)
USCC			1,932			1,392			1,560			1,612			1,795			620			863			334			650			682			914
All Other—managed basis⁽¹⁾⁽²⁾			(160)			711			133			118			144			131			(4)			5			219			40			(40)
Reconciling Items—divestiture-related impacts⁽³⁾			-			-			(580)			(1,062)			(588)			35			256			113			648			(92)			214

Income (loss) from continuing operations—reported			7,977			6,193			4,669			3,179			4,325			4,789			3,515			2,536			4,652			2,952			3,585

Discontinued operations			(2)			10			(1)			-			(2)			(221)			(6)			(2)			(1)			(1)			2

Net income (loss) attributable to noncontrolling interests			33			10			24			6			17			21			30			21			45			36			41

Net income (loss)		$	7,942		$	6,193		$	4,644		$	3,173		$	4,306		$	4,547		$	3,479		$	2,513		$	4,606		$	2,915		$	3,546

(1)

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.

(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 (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.

(3)

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

OPERATING SEGMENT, REPORTING UNIT, AND COMPONENT DETAILS

(In millions of dollars)


																													Full			Full			Full			Full			Full
		4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
		2023			2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025
Revenues, net of interest expense
Services		$	4,561		$	5,043		$	4,914		$	5,207		$	5,104		$	5,204		$	5,430		$	5,730		$	6,272		$	12,539		$	16,132		$	18,637		$	20,268		$	22,636
Markets			3,452			5,405			5,124			4,910			4,612			6,075			5,980			5,745			4,609			19,108			20,401			18,888			20,051			22,409
Banking			930			1,354			1,304			1,336			1,324			1,530			1,434			1,647			1,773			8,026			4,794			3,909			5,318			6,384
Wealth			2,271			2,254			2,368			2,514			2,597			2,757			2,814			2,839			2,862			9,871			9,618			9,331			9,733			11,272
U.S. Consumer Cards (USCC)			4,249			4,542			4,271			4,445			4,547			4,567			4,471			4,656			4,564			13,209			14,342			16,566			17,805			18,258
All Other—managed basis⁽¹⁾⁽²⁾			1,951			2,430			2,018			1,796			1,277			1,463			1,716			1,471			(208)			9,491			8,841			9,389			7,521			4,442
Reconciling Items—divestiture-related impacts⁽³⁾			(62)			(12)			33			1			4			-			(177)			2			(1)			(670)			854			1,346			26			(176)
Total net revenues—reported		$	17,352		$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	19,871		$	71,574		$	74,982		$	78,066		$	80,722		$	85,225

Income (loss) from continuing operations
Services		$	832		$	1,728		$	1,679		$	1,829		$	1,842		$	1,849		$	1,728		$	2,098		$	2,512		$	3,792		$	5,331		$	5,137		$	7,078		$	8,187
Markets			(62)			1,460			1,500			1,161			1,054			1,862			1,824			1,723			856			6,694			6,200			4,126			5,175			6,265
Banking			(332)			238			164			39			420			222			91			267			355			4,166			(223)			(642)			861			935
Wealth			(115)			(15)			50			94			171			191			385			303			299			1,710			153			(344)			300			1,178
USCC			337			537			281			711			555			838			758			929			884			6,496			3,612			2,583			2,084			3,409
All Other—managed basis⁽¹⁾⁽²⁾			(2,356)			(446)			(379)			(515)			(1,116)			(839)			(573)			(752)			(2,273)			802			276			(2,137)			(2,456)			(4,437)
Reconciling Items—divestiture-related impacts⁽³⁾			(111)			(94)			(32)			(45)			(36)			(15)			(180)			(777)			(110)			(1,642)			(184)			659			(207)			(1,082)

Income (loss) from continuing operations—reported			(1,807)			3,408			3,263			3,274			2,890			4,108			4,033			3,791			2,523			22,018			15,165			9,382			12,835			14,455

Discontinued operations			(1)			(1)			-			(1)			-			(1)			-			(1)			(1)			7			(231)			(1)			(2)			(3)

Net income (loss) attributable to noncontrolling interests			31			36			46			35			34			43			14			38			51			73			89			153			151			146

Net income (loss)		$	(1,839)		$	3,371		$	3,217		$	3,238		$	2,856		$	4,064		$	4,019		$	3,752		$	2,471		$	21,952		$	14,845		$	9,228		$	12,682		$	14,306

(1)

(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 (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.

(3)

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 4

SERVICES

(In millions of dollars, except as otherwise noted)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023
Net interest income (including dividends)		$	1,675		$	1,707		$	1,689		$	1,795		$	2,035		$	2,485		$	2,794		$	3,051		$	3,126		$	3,243		$	3,440		$	3,442
Fee revenue
Commissions and fees			577			625			656			669			674			759			717			702			739			763			758			825
Administration and other fiduciary fees			591			633			613			603			618			681			604			580			604			661			630			606
Total fee revenue			1,168			1,258			1,269			1,272			1,292			1,440			1,321			1,282			1,343			1,424			1,388			1,431
Principal transactions			139			173			174			183			141			121			75			41			58			(7)			(90)			(333)
All other			19			(1)			2			17			-			25			13			16			45			52			54			21
Total non-interest revenue			1,326			1,430			1,445			1,472			1,433			1,586			1,409			1,339			1,446			1,469			1,352			1,119
Total revenues, net of interest expense			3,001			3,137			3,134			3,267			3,468			4,071			4,203			4,390			4,572			4,712			4,792			4,561
Total operating expenses			1,918			1,851			1,928			1,985			2,230			1,995			2,099			2,375			2,407			2,482			2,496			2,606
Net credit losses (recoveries) on loans			-			22			1			19			15			32			(3)			7			6			13			27			(6)
Credit reserve build (release) for loans			(107)			(96)			(37)			(8)			241			(7)			(107)			1			(72)			(14)			6			127
Provision (release) for credit losses on unfunded lending commitments			(37)			(2)			-			(22)			73			(24)			(6)			(19)			7			(26)			23			(22)
Provisions for credit losses for other assets and HTM debt securities			1			-			-			3			1			1			1			1			45			250			39			547
Provision for credit losses			(143)			(76)			(36)			(8)			330			2			(115)			(10)			(14)			223			95			646
Income from continuing operations before taxes			1,226			1,362			1,242			1,290			908			2,074			2,219			2,025			2,179			2,007			2,201			1,309
Income taxes			311			347			327			343			243			529			582			541			733			640			709			477
Income from continuing operations			915			1,015			915			947			665			1,545			1,637			1,484			1,446			1,367			1,492			832
Noncontrolling interests			1			1			1			3			6			9			10			11			13			16			16			21
Net income		$	914		$	1,014		$	914		$	944		$	659		$	1,536		$	1,627		$	1,473		$	1,433		$	1,351		$	1,476		$	811
EOP assets (in billions)		$	546		$	545		$	565		$	548		$	546		$	544		$	560		$	600		$	585		$	584		$	552		$	586
Average assets (in billions)			539			549			558			581			549			526			530			578			598			584			566			582
Efficiency ratio			64%			59%			62%			61%			64%			49%			50%			54%			53%			53%			52%			57%
Average allocated TCE (in billions)⁽¹⁾		$	23.9		$	23.9		$	23.9		$	23.9		$	30.3		$	30.3		$	30.3		$	30.3		$	31.5		$	31.5		$	31.5		$	31.5
RoTCE⁽¹⁾			15.5%			17.0%			15.2%			15.7%			8.8%			20.3%			21.3%			19.3%			18.4%			17.2%			18.6%			10.2%

Revenue by line of business
Net interest income		$	1,460		$	1,491		$	1,461		$	1,551		$	1,776		$	2,168		$	2,389		$	2,551		$	2,612		$	2,718		$	2,868		$	2,887
Non-interest revenue			731			795			832			866			837			910			843			793			891			845			787			599
Treasury and Trade Solutions (TTS)			2,191			2,286			2,293			2,417			2,613			3,078			3,232			3,344			3,503			3,563			3,655			3,486
Net interest income			215			216			228			244			259			317			405			500			514			525			572			555
Non-interest revenue			595			635			613			606			596			676			566			546			555			624			565			520
Securities Services			810			851			841			850			855			993			971			1,046			1,069			1,149			1,137			1,075
Total Services		$	3,001		$	3,137		$	3,134		$	3,267		$	3,468		$	4,071		$	4,203		$	4,390		$	4,572		$	4,712		$	4,792		$	4,561

Revenue by managed geography
North America		$	878		$	958		$	916		$	992		$	1,072		$	1,310		$	1,293		$	1,262		$	1,274		$	1,344		$	1,382		$	1,312
International			2,123			2,179			2,218			2,275			2,396			2,761			2,910			3,128			3,298			3,368			3,410			3,249
Total		$	3,001		$	3,137		$	3,134		$	3,267		$	3,468		$	4,071		$	4,203		$	4,390		$	4,572		$	4,712		$	4,792		$	4,561

Key drivers⁽²⁾ (in billions of dollars, except as otherwise noted)
Average loans by line of business
TTS		$	68		$	72		$	74		$	76		$	79		$	84		$	80		$	76		$	78		$	79		$	82		$	82
Securities Services			1			2			1			2			2			2			1			2			1			1			1			1
Total		$	69		$	74		$	75		$	78		$	81		$	86		$	81		$	78		$	79		$	80		$	83		$	83

ACLL as a % of EOP loans⁽³⁾			0.45%			0.29%			0.24%			0.24%			0.49%			0.58%			0.45%			0.46%			0.36%			0.32%			0.33%			0.47%
NCLs as a % of average loans			0.00%			0.12%			0.01%			0.10%			0.08%			0.15%			(0.01%)			0.04%			0.03%			0.07%			0.13%			(0.03%)

Average deposits by line of business
TTS		$	658		$	658		$	675		$	691		$	671		$	673		$	665		$	695		$	705		$	689		$	677		$	681
Securities Services			128			137			135			140			135			136			131			131			125			125			120			122
Total		$	786		$	795		$	810		$	831		$	806		$	809		$	796		$	826		$	830		$	814		$	797		$	803

AUC/AUA (in trillions of dollars)			N/A			N/A			N/A			N/A			N/A			N/A			N/A		$	20.8		$	21.6		$	22.3		$	21.5		$	23.5
Cross-border transaction value⁽⁵⁾		$	64.5		$	67.8		$	69.0		$	78.2		$	75.6		$	79.3		$	75.6		$	81.1		$	83.0		$	87.8		$	87.8		$	99.4
U.S. dollar clearing volume (in millions)⁽⁶⁾			35.4			36.0			37.0			37.8			36.1			36.7			37.6			38.2			38.3			38.8			40.0			40.2
Commercial card spend volume		$	7.4		$	9.3		$	10.5		$	11.4		$	11.4		$	15.0		$	15.6		$	15.4		$	16.0		$	17.3		$	16.9		$	16.6

(1)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

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

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

(4)

Not used.

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

(6)	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.

N/A Not available.

Reclassified to conform to the current period's presentation.

Page 5

SERVICES

(In millions of dollars, except as otherwise noted)


																										Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
		2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025

Net interest income (including dividends)		$	3,317		$	3,225		$	3,435		$	3,446		$	3,498		$	3,630		$	3,823		$	4,050		$	6,866		$	10,365		$	13,251		$	13,423		$	15,001
Fee revenue
Commissions and fees			794			862			834			806			815			904			880			879			2,527			2,852			3,085			3,296			3,478
Administration and other fiduciary fees			685			695			701			635			658			752			746			751			2,440			2,483			2,501			2,716			2,907
Total fee revenue			1,479			1,557			1,535			1,441			1,473			1,656			1,626			1,630			4,967			5,335			5,586			6,012			6,385
Principal transactions			198			129			214			212			233			124			190			257			669			378			(372)			753			804
All other			49			3			23			5			-			20			91			335			37			54			172			80			446
Total non-interest revenue			1,726			1,689			1,772			1,658			1,706			1,800			1,907			2,222			5,673			5,767			5,386			6,845			7,635
Total revenues, net of interest expense			5,043			4,914			5,207			5,104			5,204			5,430			5,730			6,272			12,539			16,132			18,637			20,268			22,636
Total operating expenses			2,663			2,729			2,575			2,601			2,584			2,679			2,707			2,843			7,682			8,699			9,991			10,568			10,813
Net credit losses (recoveries) on loans			6			-			14			28			6			20			11			19			42			51			40			48			56
Credit reserve build (release) for loans			34			(100)			7			(71)			24			53			(4)			(18)			(248)			128			47			(130)			55
Provision (release) for credit losses on unfunded lending commitments			12			2			7			(4)			(6)			(6)			(8)			3			(61)			24			(18)			17			(17)
Provisions for credit losses for other assets and HTM debt securities			12			71			99			159			27			286			62			(15)			4			4			881			341			360
Provision for credit losses			64			(27)			127			112			51			353			61			(11)			(263)			207			950			276			454
Income from continuing operations before taxes			2,316			2,212			2,505			2,391			2,569			2,398			2,962			3,440			5,120			7,226			7,696			9,424			11,369
Income taxes			588			533			676			549			720			670			864			928			1,328			1,895			2,559			2,346			3,182
Income from continuing operations			1,728			1,679			1,829			1,842			1,849			1,728			2,098			2,512			3,792			5,331			5,137			7,078			8,187
Noncontrolling interests			25			27			32			17			15			16			17			16			6			36			66			101			64
Net income		$	1,703		$	1,652		$	1,797		$	1,825		$	1,834		$	1,712		$	2,081		$	2,496		$	3,786		$	5,295		$	5,071		$	6,977		$	8,123
EOP assets (in billions)		$	577		$	569		$	608		$	584		$	589		$	618		$	627		$	628		$	548		$	600		$	586		$	584		$	628
Average assets (in billions)			580			575			591			596			578			593			616			630			557			546			583			586			604
Efficiency ratio			53%			56%			49%			51%			50%			49%			47%			45%			61%			54%			54%			52%			48%
Average allocated TCE (in billions)⁽¹⁾		$	31.2		$	31.2		$	31.2		$	31.2		$	33.0		$	33.0		$	33.0		$	33.0		$	23.9		$	30.3		$	31.5		$	31.2		$	33.0
RoTCE⁽¹⁾			22.0%			21.3%			22.9%			23.3%			22.5%			20.8%			25.0%			30.0%			15.8%			17.5%			16.1%			22.4%			24.6%

Revenue by line of business
Net interest income		$	2,723		$	2,629		$	2,731		$	2,840		$	2,865		$	2,949		$	3,121		$	3,303		$	5,963		$	8,884		$	11,085		$	10,923		$	12,238
Non-interest revenue			1,049			1,018			1,074			1,039			1,064			1,063			1,099			1,182			3,224			3,383			3,122			4,180			4,408
Treasury and Trade Solutions (TTS)			3,772			3,647			3,805			3,879			3,929			4,012			4,220			4,485			9,187			12,267			14,207			15,103			16,646
Net interest income			594			596			704			606			633			681			702			747			903			1,481			2,166			2,500			2,763
Non-interest revenue			677			671			698			619			642			737			808			1,040			2,449			2,384			2,264			2,665			3,227
Securities Services			1,271			1,267			1,402			1,225			1,275			1,418			1,510			1,787			3,352			3,865			4,430			5,165			5,990
Total Services		$	5,043		$	4,914		$	5,207		$	5,104		$	5,204		$	5,430		$	5,730		$	6,272		$	12,539		$	16,132		$	18,637		$	20,268		$	22,636

Revenue by managed geography
North America		$	1,339		$	1,376		$	1,426		$	1,483		$	1,549		$	1,660		$	1,759		$	1,939		$	3,744		$	4,937		$	5,312		$	5,624		$	6,907
International			3,704			3,538			3,781			3,621			3,655			3,770			3,971			4,333			8,795			11,195			13,325			14,644			15,729
Total		$	5,043		$	4,914		$	5,207		$	5,104		$	5,204		$	5,430		$	5,730		$	6,272		$	12,539		$	16,132		$	18,637		$	20,268		$	22,636

Key drivers⁽²⁾ (in billions of dollars, except as otherwise noted)
Average loans by line of business
TTS		$	81		$	81		$	86		$	85		$	86		$	93		$	93		$	95		$	72		$	80		$	80		$	84		$	92
Securities Services			1			1			1			2			1			1			1			1			2			2			1			1			1
Total		$	82		$	82		$	87		$	87		$	87		$	94		$	94		$	96		$	74		$	82		$	81		$	85		$	93

ACLL as a % of EOP loans⁽³⁾			0.54%			0.37%			0.38%			0.30%			0.30%			0.36%			0.35%			0.33%
NCLs as a % of average loans			0.03%			0.00%			0.06%			0.13%			0.03%			0.09%			0.05%			0.08%			0.06%			0.06%			0.05%			0.06%			0.06%

Average deposits by line of business
TTS		$	684		$	677		$	690		$	704		$	690		$	713		$	744		$	780		$	671		$	676		$	688		$	689		$	732
Securities Services			124			127			135			135			136			144			149			155			135			133			123			130			146
Total		$	808		$	804		$	825		$	839		$	826		$	857		$	893		$	935		$	806		$	809		$	811		$	819		$	878

AUC/AUA (in trillions of dollars)		$	24.0		$	24.2		$	26.3		$	25.4		$	26.1		$	28.2		$	29.7		$	31.4
Cross-border transaction value⁽⁵⁾		$	90.7		$	92.7		$	95.0		$	101.3		$	95.1		$	101.3		$	104.8		$	115.2		$	279.5		$	311.6		$	358.0		$	379.7		$	416.4
U.S. dollar clearing volume (in millions)⁽⁶⁾			39.6			41.6			42.7			44.1			42.7			44.3			44.8			45.3			146.2			148.6			157.3			168.0			177.1
Commercial card spend volume		$	16.8		$	18.0		$	18.3		$	17.3		$	17.2		$	17.9		$	18.4		$	17.7			38.6			57.4			66.8			70.4			71.2

(1)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

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

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

(4)

Not used.

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

(6)	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.

N/A Not available.

Reclassified to conform to the current period's presentation.

Page 5

MARKETS

(In millions of dollars, except as otherwise noted)

		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Net interest income (including dividends)⁽¹⁾		$	1,536		$	1,589		$	1,476		$	1,471		$	1,276		$	1,540		$	1,305		$	1,486		$	1,456		$	1,911		$	1,595		$	1,889
Fee revenue
Brokerage and fees			461			366			355			348			429			360			335			328			385			331			337			328
Investment banking fees⁽²⁾			139			162			165			194			113			135			128			106			89			97			103			103
Other⁽³⁾			52			47			37			40			36			29			34			39			39			31			31			46
Total fee revenue			652			575			557			582			578			524			497			473			513			459			471			477

Principal transactions⁽¹⁾			3,598			2,209			2,250			1,636			4,406			3,599			2,768			2,342			3,838			2,459			2,577			963
All other⁽¹⁾			360			285			401			(69)			(21)			(194)			(152)			(26)			(17)			71			103			123
Total non-interest revenue			4,610			3,069			3,208			2,149			4,963			3,929			3,113			2,789			4,334			2,989			3,151			1,563
Total revenues, net of interest expense			6,146			4,658			4,684			3,620			6,239			5,469			4,418			4,275			5,790			4,900			4,746			3,452
Total operating expenses			2,747			2,796			2,811			2,891			3,120			3,075			3,077			3,178			3,166			3,344			3,309			3,434
Net credit losses (recoveries) on loans			4			-			-			6			(6)			3			(2)			1			4			2			(4)			30
Credit reserve build (release) for loans			(229)			(176)			123			(9)			(108)			12			117			29			64			(21)			119			40
Provision (release) for credit losses on unfunded lending commitments			(70)			(10)			7			(27)			5			(11)			(3)			12			(2)			(10)			5			12
Provisions for credit losses for other assets and HTM debt securities			(8)			6			(11)			9			(8)			18			64			(6)			18			12			42			127
Provision for credit losses			(303)			(180)			119			(21)			(117)			22			176			36			84			(17)			162			209
Income (loss) from continuing operations before taxes			3,702			2,042			1,754			750			3,236			2,372			1,165			1,061			2,540			1,573			1,275			(191)
Income taxes (benefits)			769			397			327			61			738			499			224			173			650			340			210			(129)
Income (loss) from continuing operations			2,933			1,645			1,427			689			2,498			1,873			941			888			1,890			1,233			1,065			(62)
Noncontrolling interests			23			4			9			4			11			15			10			16			21			19			15			12
Net income (loss)		$	2,910		$	1,641		$	1,418		$	685		$	2,487		$	1,858		$	931		$	872		$	1,869		$	1,214		$	1,050		$	(74)
EOP assets (in billions)		$	922		$	943		$	942		$	906		$	979		$	977		$	967		$	960		$	1,017		$	1,010		$	1,004		$	1,004
Average assets (in billions)			931			948			936			949			961			994			1,016			993			999			1,036			1,019			1,029
Efficiency ratio			45%			60%			60%			80%			50%			56%			70%			74%			55%			68%			70%			99%
Average allocated TCE (in billions)⁽⁴⁾		$	44.9		$	44.9		$	44.9		$	44.9		$	55.2		$	55.2		$	55.2		$	55.2		$	56.9		$	56.9		$	56.9		$	56.9
RoTCE⁽⁴⁾			26.3%			14.7%			12.5%			6.1%			18.3%			13.5%			6.7%			6.3%			13.3%			8.6%			7.3%			(0.5%)

Revenue by line of business
Fixed Income Markets		$	4,582		$	3,471		$	3,354		$	2,708		$	4,715		$	4,283		$	3,526		$	3,565		$	4,614		$	3,818		$	3,821		$	2,666
Equity Markets			1,564			1,187			1,330			912			1,524			1,186			892			710			1,176			1,082			925			786
Total		$	6,146		$	4,658		$	4,684		$	3,620		$	6,239		$	5,469		$	4,418		$	4,275		$	5,790		$	4,900		$	4,746		$	3,452

Rates and Currencies		$	2,851		$	2,090		$	2,036		$	1,752		$	3,316		$	3,157		$	2,482		$	2,780		$	3,580		$	2,867		$	2,677		$	1,800
Spread Products / Other Fixed Income			1,731			1,381			1,318			956			1,399			1,126			1,044			785			1,034			951			1,144			866
Total Fixed Income Markets revenues		$	4,582		$	3,471		$	3,354		$	2,708		$	4,715		$	4,283		$	3,526		$	3,565		$	4,614		$	3,818		$	3,821		$	2,666

Revenue by managed geography
North America		$	2,508		$	1,692		$	1,767		$	1,346		$	2,036		$	2,071		$	1,614		$	1,253		$	1,996		$	1,739		$	1,833		$	1,301
International			3,638			2,966			2,917			2,274			4,203			3,398			2,804			3,022			3,794			3,161			2,913			2,151
Total		$	6,146		$	4,658		$	4,684		$	3,620		$	6,239		$	5,469		$	4,418		$	4,275		$	5,790		$	4,900		$	4,746		$	3,452

Key drivers⁽⁵⁾ (in billions of dollars)
Average loans		$	106		$	113		$	114		$	112		$	111		$	112		$	110		$	110		$	111		$	107		$	108		$	115
NCLs (annualized) as a % of average loans			0.02%			0.00%			0.00%			0.02%			(0.02%)			0.01%			(0.01%)			0.00%			0.01%			0.01%			(0.01%)			0.10%
ACLL as a % of EOP loans⁽⁶⁾			0.66%			0.47%			0.60%			0.57%			0.47%			0.46%			0.57%			0.58%			0.66%			0.67%			0.77%			0.71%
Average trading account assets		$	351		$	346		$	336		$	325		$	322		$	328		$	343		$	331		$	348		$	379		$	389		$	390

(1)	Certain interest-rate risk management activities within Markets were moved to Corporate/Other or between businesses within Markets. These changes impact the results for Markets, as well as Corporate/Other.

(2)	Investment banking fees are primarily composed of underwriting, advisory, loan syndication structuring, and other related financing activity.

(3)	Primarily includes other non-brokerage and investment banking fees from customer-driven activities.

(4)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 6

MARKETS

(In millions of dollars, except as otherwise noted)


																										Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
		2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025
Net interest income (including dividends)⁽¹⁾		$	1,617		$	1,954		$	1,308		$	1,765		$	1,924		$	2,824		$	2,178		$	2,761		$	6,072		$	5,607		$	6,851		$	6,644		$	9,687
Fee revenue
Brokerage and fees			336			346			391			329			400			399			400			364			1,530			1,452			1,381			1,402			1,563
Investment banking fees⁽²⁾			100			104			118			104			135			106			163			120			660			482			392			426			524
Other⁽³⁾			62			62			64			50			52			51			63			57			176			138			147			238			223
Total fee revenue			498			512			573			483			587			556			626			541			2,366			2,072			1,920			2,066			2,310

Principal transactions⁽¹⁾			3,042			2,616			2,817			2,288			3,285			2,302			2,737			1,155			9,693			13,115			9,837			10,763			9,479
All other⁽¹⁾			248			42			212			76			279			298			204			152			977			(393)			280			578			933
Total non-interest revenue			3,788			3,170			3,602			2,847			4,151			3,156			3,567			1,848			13,036			14,794			12,037			13,407			12,722
Total revenues, net of interest expense			5,405			5,124			4,910			4,612			6,075			5,980			5,745			4,609			19,108			20,401			18,888			20,051			22,409
Total operating expenses			3,382			3,303			3,338			3,173			3,466			3,508			3,490			3,608			11,245			12,450			13,253			13,196			14,072
Net credit losses (recoveries) on loans			78			66			24			-			142			8			68			(12)			10			(4)			32			168			206
Credit reserve build (release) for loans			120			(111)			37			167			48			53			(44)			(73)			(291)			50			202			213			(16)
Provision (release) for credit losses on unfunded lending commitments			(1)			2			47			(31)			9			(8)			13			(7)			(100)			3			5			17			7
Provisions for credit losses for other assets and HTM debt securities			2			32			33			(2)			2			55			(5)			(12)			(4)			68			199			65			40
Provision for credit losses			199			(11)			141			134			201			108			32			(104)			(385)			117			438			463			237
Income (loss) from continuing operations before taxes			1,824			1,832			1,431			1,305			2,408			2,364			2,223			1,105			8,248			7,834			5,197			6,392			8,100
Income taxes (benefits)			364			332			270			251			546			540			500			249			1,554			1,634			1,071			1,217			1,835
Income (loss) from continuing operations			1,460			1,500			1,161			1,054			1,862			1,824			1,723			856			6,694			6,200			4,126			5,175			6,265
Noncontrolling interests			15			26			17			17			13			21			21			18			40			52			67			75			73
Net income (loss)		$	1,445		$	1,474		$	1,144		$	1,037		$	1,849		$	1,803		$	1,702		$	838		$	6,654		$	6,148		$	4,059		$	5,100		$	6,192
EOP assets (in billions)		$	1,030		$	1,018		$	997		$	948		$	1,162		$	1,164		$	1,179		$	1,185		$	906		$	960		$	1,004		$	948		$	1,185
Average assets (in billions)			1,042			1,059			1,078			1,054			1,118			1,219			1,229			1,247			941			991			1,021			1,058			1,203
Efficiency ratio			63%			64%			68%			69%			57%			59%			61%			78%			59%			61%			70%			66%			63%
Average allocated TCE (in billions)⁽⁴⁾		$	56.6		$	56.6		$	56.6		$	56.6		$	53.5		$	53.5		$	53.5		$	53.5		$	44.9		$	55.2		$	56.9		$	56.6			53.5
RoTCE⁽⁴⁾			10.3%			10.5%			8.0%			7.3%			14.0%			13.5%			12.6%			6.2%			14.8%			11.1%			7.1%			9.0%			11.6%

Revenue by line of business
Fixed Income Markets		$	4,203		$	3,621		$	3,673		$	3,545		$	4,578		$	4,388		$	4,225		$	3,554		$	14,115		$	16,089		$	14,919		$	15,042		$	16,745
Equity Markets			1,202			1,503			1,237			1,067			1,497			1,592			1,520			1,055			4,993			4,312			3,969			5,009			5,664
Total		$	5,405		$	5,124		$	4,910		$	4,612		$	6,075		$	5,980		$	5,745		$	4,609		$	19,108		$	20,401		$	18,888		$	20,051		$	22,409

Rates and Currencies		$	2,822		$	2,459		$	2,517		$	2,427		$	3,116		$	3,221		$	2,963		$	2,449		$	8,729		$	11,735		$	10,924		$	10,225		$	11,749
Spread Products / Other Fixed Income			1,381			1,162			1,156			1,118			1,462			1,167			1,262			1,105			5,386			4,354			3,995			4,817			4,996
Total Fixed Income Markets revenues		$	4,203		$	3,621		$	3,673		$	3,545		$	4,578		$	4,388		$	4,225		$	3,554		$	14,115		$	16,089		$	14,919		$	15,042		$	16,745

Revenue by managed geography
North America		$	2,023		$	1,992		$	1,804		$	1,749		$	2,169		$	2,124		$	2,270		$	1,826		$	7,313		$	6,974		$	6,869		$	7,568		$	8,389
International			3,382			3,132			3,106			2,863			3,906			3,856			3,475			2,783			11,795			13,427			12,019			12,483			14,020
Total		$	5,405		$	5,124		$	4,910		$	4,612		$	6,075		$	5,980		$	5,745		$	4,609		$	19,108		$	20,401		$	18,888		$	20,051		$	22,409

Key drivers⁽⁵⁾ (in billions of dollars)
Average loans		$	120		$	119		$	119		$	122		$	128		$	136		$	147		$	152		$	111		$	111		$	110		$	120		$	141
NCLs (annualized) as a % of average loans			0.26%			0.22%			0.08%			0.00%			0.45%			0.02%			0.18%			(0.03%)			0.01%			0.00%			0.03%			0.14%			0.15%
ACLL as a % of EOP loans⁽⁶⁾			0.86%			0.74%			0.77%			0.88%			0.89%			0.85%			0.78%			0.67%
Average trading account assets		$	404		$	423		$	459		$	447		$	474		$	547		$	555		$	556		$	340		$	331		$	377		$	433		$	533

(1)	Certain interest-rate risk management activities within Markets were moved to Corporate/Other or between businesses within Markets. These changes impact the results for Markets, as well as Corporate/Other.

(2)	Investment banking fees are primarily composed of underwriting, advisory, loan syndication structuring, and other related financing activity.

(3)	Primarily includes other non-brokerage and investment banking fees from customer-driven activities.

(4)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 6

BANKING

(In millions of dollars, except as otherwise noted)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023
Net interest income (including dividends)	$	576	$	525	$	615	$	563	$	534	$	551	$	498	$	547	$	513	$	542	$	555	$	551
Fee revenue
Investment banking fees⁽¹⁾		1,637		1,396		1,512		1,468		916		844		685		607		740		573		694		706
Other⁽²⁾		92		107		72		61		47		45		37		46		42		40		40		38
Total fee revenue		1,729		1,503		1,584		1,529		963		889		722		653		782		613		734		744
Principal transactions		(165)		(154)		(131)		(79)		46		445		(236)		(488)		(353)		(240)		(206)		(303)
All other		(16)		(25)		(13)		(15)		(41)		(146)		(59)		(84)		(10)		12		37		(62)
Total non-interest revenue		1,548		1,324		1,440		1,435		968		1,188		427		81		419		385		565		379
Total revenues, net of interest expense		2,124		1,849		2,055		1,998		1,502		1,739		925		628		932		927		1,120		930
Total operating expenses		1,046		1,050		1,095		1,212		1,209		1,226		1,180		845		1,231		1,260		1,225		1,161
Net credit losses on loans		66		63		30		57		22		(17)		6		96		12		57		29		71
Credit reserve build (release) for loans		(751)		(537)		(68)		(174)		479		(79)		68		(147)		(50)		(110)		(22)		(163)
Provision (release) for credit losses on unfunded lending commitments		(498)		56		(17)		(133)		274		(136)		(53)		73		(171)		(56)		(64)		(63)
Provisions for credit losses for other assets and HTM debt securities		2		(2)		2		-		(2)		5		4		11		86		(39)		1		339
Provision for credit losses		(1,181)		(420)		(53)		(250)		773		(227)		25		33		(123)		(148)		(56)		184
Income (loss) from continuing operations before taxes		2,259		1,219		1,013		1,036		(480)		740		(280)		(250)		(176)		(185)		(49)		(415)
Income taxes (benefits)		541		300		251		269		(113)		190		(75)		(49)		(41)		(44)		(15)		(83)
Income (loss) from continuing operations		1,718		919		762		767		(367)		550		(205)		(201)		(135)		(141)		(34)		(332)
Noncontrolling interests		5		1		-		2		-		-		-		(3)		2		1		1		-
Net income (loss)	$	1,713	$	918	$	762	$	765	$	(367)	$	550	$	(205)	$	(198)	$	(137)	$	(142)	$	(35)	$	(332)
EOP assets (in billions)	$	153	$	151	$	149	$	144	$	157	$	155	$	155	$	152	$	147	$	148	$	146	$	148
Average assets (in billions)		160		155		152		153		157		158		162		160		156		155		151		150
Efficiency ratio		49%		57%		53%		61%		80%		71%		128%		135%		132%		136%		109%		125%
Average allocated TCE (in billions)⁽³⁾	$	20.2	$	20.2	$	20.2	$	20.2	$	10.2	$	10.2	$	10.2	$	10.2	$	8.9	$	8.9	$	8.9	$	8.9
RoTCE⁽³⁾		34.4%		18.2%		15.0%		15.0%		(14.6%)		21.6%		(8.0%)		(7.7%)		(6.2%)		(6.4%)		(1.6%)		(14.8%)

Revenue by line of business
Total Investment Banking	$	1,710	$	1,428	$	1,620	$	1,525	$	908	$	741	$	601	$	610	$	770	$	602	$	780	$	680
Corporate Lending (excluding gain (loss) on loan hedges)⁽⁴⁾		492		458		481		452		425		504		380		318		361		391		387		381
Total Banking revenues (ex-gain (loss) on loan hedges)⁽⁴⁾		2,202		1,886		2,101		1,977		1,333		1,245		981		928		1,131		993		1,167		1,061
Gain (loss) on loan hedges⁽⁴⁾		(78)		(37)		(46)		21		169		494		(56)		(300)		(199)		(66)		(47)		(131)
Total Banking revenues including gain (loss) on loan hedges⁽⁴⁾	$	2,124	$	1,849	$	2,055	$	1,998	$	1,502	$	1,739	$	925	$	628	$	932	$	927	$	1,120	$	930

Business metrics—investment banking fees
Advisory	$	278	$	403	$	533	$	571	$	347	$	345	$	382	$	258	$	276	$	156	$	299	$	286
Equity underwriting (Equity Capital Markets (ECM))		813		444		442		453		183		181		125		132		109		158		123		110
Debt underwriting (Debt Capital Markets (DCM))		546		549		537		444		386		318		178		217		355		259		272		310
Total	$	1,637	$	1,396	$	1,512	$	1,468	$	916	$	844	$	685	$	607	$	740	$	573	$	694	$	706

Revenue by managed geography
North America	$	1,110	$	883	$	1,106	$	1,080	$	809	$	1,030	$	385	$	134	$	334	$	400	$	553	$	389
International		1,014		966		949		918		693		709		540		494		598		527		567		541
Total	$	2,124	$	1,849	$	2,055	$	1,998	$	1,502	$	1,739	$	925	$	628	$	932	$	927	$	1,120	$	930

Key drivers⁽⁵⁾ (in billions of dollars)
Average loans	$	107	$	102	$	100	$	100	$	99	$	102	$	101	$	98	$	95	$	93	$	89	$	89
NCLs (annualized) as a % of average loans		0.25%		0.25%		0.12%		0.23%		0.09%		(0.07%)		0.02%		0.39%		0.05%		0.25%		0.13%		0.32%
ACLL as a % of EOP loans⁽⁶⁾		2.22%		1.75%		1.64%		1.52%		1.89%		1.81%		1.99%		1.88%		1.84%		1.74%		1.75%		1.59%

(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)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

(4)

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.

(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.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 7

BANKING

(In millions of dollars, except as otherwise noted)


																									Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q		Year			Year			Year			Year			Year
		2024			2024			2024			2024			2025			2025			2025			2025		2021			2022			2023			2024			2025
Net interest income (including dividends)		$	582		$	527		$	527		$	521		$	491		$	530		$	562		$	549	$	2,279		$	2,130		$	2,161		$	2,157		$	2,132
Fee revenue
Investment banking fees⁽¹⁾			972			935			999			951			1,104			1,058			1,169			1,287		6,013			3,052			2,713			3,857			4,618
Other⁽²⁾			42			50			31			51			49			59			65			60		332			175			160			174			233
Total fee revenue			1,014			985			1,030			1,002			1,153			1,117			1,234			1,347		6,345			3,227			2,873			4,031			4,851
Principal transactions			(235)			(136)			(204)			(212)			(90)			(179)			(164)			(119)		(529)			(233)			(1,102)			(787)			(552)
All other			(7)			(72)			(17)			13			(24)			(34)			15			(4)		(69)			(330)			(23)			(83)			(47)
Total non-interest revenue			772			777			809			803			1,039			904			1,085			1,224		5,747			2,664			1,748			3,161			4,252
Total revenues, net of interest expense			1,354			1,304			1,336			1,324			1,530			1,434			1,647			1,773		8,026			4,794			3,909			5,318			6,384
Total operating expenses			1,179			1,131			1,116			1,051			1,034			1,137			1,139			1,152		4,403			4,460			4,877			4,477			4,462
Net credit losses on loans			66			40			36			7			34			16			9			25		216			107			169			149			84
Credit reserve build (release) for loans			(89)			(51)			62			(122)			78			137			38			136		(1,530)			321			(345)			(200)			389
Provision (release) for credit losses on unfunded lending commitments			(96)			(9)			59			(82)			107			2			98			14		(592)			158			(354)			(128)			221
Provisions for credit losses for other assets and HTM debt securities			(10)			(12)			20			(43)			(5)			18			12			1		2			18			387			(45)			26
Provision for credit losses			(129)			(32)			177			(240)			214			173			157			176		(1,904)			604			(143)			(224)			720
Income (loss) from continuing operations before taxes			304			205			43			513			282			124			351			445		5,527			(270)			(825)			1,065			1,202
Income taxes (benefits)			66			41			4			93			60			33			84			90		1,361			(47)			(183)			204			267
Income (loss) from continuing operations			238			164			39			420			222			91			267			355		4,166			(223)			(642)			861			935
Noncontrolling interests			3			3			(2)			1			(1)			(2)			(3)			1		8			(3)			4			5			(5)
Net income (loss)		$	235		$	161		$	41		$	419		$	223		$	93		$	270		$	354	$	4,158		$	(220)		$	(646)		$	856		$	940
EOP assets (in billions)		$	151		$	147		$	151		$	143		$	147		$	148		$	141		$	140	$	144		$	152		$	148		$	143		$	140
Average assets (in billions)			154			152			152			149			144			150			149			146		155			159			153			152			147
Efficiency ratio			87%			87%			84%			79%			68%			79%			69%			65%		55%			93%			125%			84%			70%
Average allocated TCE (in billions)⁽³⁾		$	12.8		$	12.8		$	12.8		$	12.8		$	9.2		$	9.2		$	9.2		$	9.2	$	20.2		$	10.2		$	8.9		$	12.8			9.2
RoTCE⁽³⁾			7.4%			5.1%			1.3%			13.0%			9.8%			4.1%			11.6%			15.3%		20.6%			(2.2%)			(7.3%)			6.7%			10.2%

Revenue by line of business
Total Investment Banking		$	992		$	909		$	979		$	910		$	1,114		$	1,073		$	1,238		$	1,356	$	6,283		$	2,860		$	2,832		$	3,790		$	4,781
Corporate Lending (excluding gain (loss) on loan hedges)⁽⁴⁾			466			386			436			420			402			423			453			443		1,883			1,627			1,520			1,708			1,721
Total Banking revenues (ex-gain (loss) on loan hedges)⁽⁴⁾			1,458			1,295			1,415			1,330			1,516			1,496			1,691			1,799		8,166			4,487			4,352			5,498			6,502
Gain (loss) on loan hedges⁽⁴⁾			(104)			9			(79)			(6)			14			(62)			(44)			(26)		(140)			307			(443)			(180)			(118)
Total Banking revenues including gain (loss) on loan hedges⁽⁴⁾		$	1,354		$	1,304		$	1,336		$	1,324		$	1,530		$	1,434		$	1,647		$	1,773	$	8,026		$	4,794		$	3,909		$	5,318		$	6,384

Business metrics—investment banking fees
Advisory		$	230		$	268		$	394		$	353		$	424		$	408		$	427		$	649	$	1,785		$	1,332		$	1,017		$	1,245		$	1,908
Equity underwriting (Equity Capital Markets (ECM))			171			174			129			214			127			218			174			180		2,152			621			500			688			699
Debt underwriting (Debt Capital Markets (DCM))			571			493			476			384			553			432			568			458		2,076			1,099			1,196			1,924			2,011
Total		$	972		$	935		$	999		$	951		$	1,104		$	1,058		$	1,169		$	1,287	$	6,013		$	3,052		$	2,713		$	3,857		$	4,618

Revenue by managed geography
North America		$	667		$	661		$	764		$	759		$	874		$	648		$	862		$	1,023	$	4,179		$	2,358		$	1,676		$	2,851		$	3,407
International			687			643			572			565			656			786			785			750		3,847			2,436			2,233			2,467			2,977
Total		$	1,354		$	1,304		$	1,336		$	1,324		$	1,530		$	1,434		$	1,647		$	1,773	$	8,026		$	4,794		$	3,909		$	5,318		$	6,384

Key drivers⁽⁵⁾ (in billions of dollars)
Average loans		$	89		$	89		$	88		$	84		$	82		$	84		$	81		$	79	$	102		$	100		$	92		$	88		$	82
NCLs (annualized) as a % of average loans			0.30%			0.18%			0.16%			0.03%			0.17%			0.08%			0.04%			0.13%		0.21%			0.11%			0.18%			0.17%			0.10%
ACLL as a % of EOP loans⁽⁶⁾			1.47%			1.42%			1.54%			1.42%			1.54%			1.72%			1.83%			2.04%

(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)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

(4)

(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.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 7

WEALTH

(In millions of dollars, except as otherwise noted)

		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023
Net interest income		$	1,554		$	1,558		$	1,535		$	1,567		$	1,613		$	1,653		$	1,678		$	1,617		$	1,564		$	1,548		$	1,654		$	1,539
Fee revenue
Commissions and fees			550			526			493			459			475			444			370			339			402			400			378			391
Other⁽¹⁾			217			229			234			209			232			226			204			197			176			210			219			213
Total fee revenue			767			755			727			668			707			670			574			536			578			610			597			604
All other⁽²⁾			218			168			222			132			136			171			173			90			177			172			160			128
Total non-interest revenue			985			923			949			800			843			841			747			626			755			782			757			732
Total revenues, net of interest expense			2,539			2,481			2,484			2,367			2,456			2,494			2,425			2,243			2,319			2,330			2,411			2,271
Total operating expenses			1,896			1,975			1,986			2,204			2,202			2,233			2,316			2,387			2,432			2,413			2,458			2,418
Net credit losses on loans			56			61			41			47			130			71			47			87			57			51			48			52
Credit reserve build (release) for loans			(211)			(178)			(79)			30			(59)			171			38			(68)			(70)			40			(49)			(62)
Provision (release) for credit losses on unfunded lending commitments			(11)			5			(7)			(3)			(2)			13			19			(19)			(6)			2			(9)			2
Provisions for benefits and claims (PBC), and other assets			4			(3)			(2)			(1)			(4)			2			5			4			(3)			(2)			1			(1)
Provisions for credit losses and for PBC			(162)			(115)			(47)			73			65			257			109			4			(22)			91			(9)			(9)
Income from continuing operations before taxes			805			621			545			90			189			4			-			(148)			(91)			(174)			(38)			(138)
Income taxes			166			110			93			(18)			11			(31)			(27)			(61)			(25)			(37)			(12)			(23)
Income from continuing operations			639			511			452			108			178			35			27			(87)			(66)			(137)			(26)			(115)
Noncontrolling interests			-			-			-			-			-			-			-			-			-			-			-			-
Net income		$	639		$	511		$	452		$	108		$	178		$	35		$	27		$	(87)		$	(66)		$	(137)		$	(26)		$	(115)
EOP assets (in billions)		$	331		$	316		$	340		$	320		$	333		$	328		$	325		$	330		$	332		$	308		$	302		$	299
Average assets (in billions)			327			327			338			338			335			328			322			328			337			322			309			303
Efficiency ratio			75%			80%			80%			93%			90%			90%			96%			106%			105%			104%			102%			106%
Average allocated TCE (in billions)⁽³⁾		$	17.2		$	17.2		$	17.2		$	17.2		$	18.2		$	18.2		$	18.2		$	18.2		$	17.2		$	17.2		$	17.2		$	17.2
RoTCE⁽³⁾			15.1%			11.9%			10.4%			2.5%			4.0%			0.8%			0.6%			(1.9%)			(1.6%)			(3.2%)			(0.6%)			(2.7%)

Revenue by line of business
Citigold and Retail Banking		$	1,579		$	1,558		$	1,584		$	1,489		$	1,479		$	1,566		$	1,583		$	1,449		$	1,558		$	1,501		$	1,560		$	1,518
Private Bank			789			752			728			701			794			758			660			599			568			605			617			542
Wealth at Work			171			171			172			177			183			170			182			195			193			224			234			211
Total		$	2,539		$	2,481		$	2,484		$	2,367		$	2,456		$	2,494		$	2,425		$	2,243		$	2,319		$	2,330		$	2,411		$	2,271

Revenue by managed geography
North America		$	1,570		$	1,558		$	1,533		$	1,526		$	1,546		$	1,588		$	1,553		$	1,510		$	1,474		$	1,463		$	1,539		$	1,473
International			969			923			951			841			910			906			872			733			845			867			872			798
Total		$	2,539		$	2,481		$	2,484		$	2,367		$	2,456		$	2,494		$	2,425		$	2,243		$	2,319		$	2,330		$	2,411		$	2,271

Key drivers⁽⁴⁾ (in billions of dollars)

EOP client balances
Client investment assets⁽⁵⁾		$	486		$	511		$	499		$	513		$	483		$	445		$	422		$	448		$	464		$	478		$	478		$	506
Deposits			399			410			422			438			442			419			419			430			430			421			411			422
Loans			180			183			182			183			182			182			184			184			186			189			191			193
Total		$	1,065		$	1,104		$	1,103		$	1,134		$	1,107		$	1,046		$	1,025		$	1,062		$	1,080		$	1,088		$	1,080		$	1,121

Net new investment assets (NNIA)⁽⁶⁾⁽⁷⁾			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A		$	4.9		$	9.5		$	9.5		$	6.1
Average deposits			390			403			417			429			438			426			419			423			427			424			415			412
Average loans			179			181			184			182			182			183			184			184			185			187			190			191
ACLL as a % of EOP loans⁽⁸⁾			0.71%			0.60%			0.55%			0.57%			0.54%			0.63%			0.64%			0.61%			0.53%			0.55%			0.52%			0.48%
NCLs (annualized) as a % of average loans			0.13%			0.14%			0.09%			0.10%			0.29%			0.16%			0.10%			0.19%			0.13%			0.11%			0.10%			0.11%
U.S. Retail banking branches (actual)			687			659			658			658			658			658			653			654			653			653			652			647

(1)	Primarily related to fiduciary and administrative fees.

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

(3)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

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

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

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

(7)	NNIA for Retail Banking is not available prior to 1Q24.

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

NM Not meaningful.

N/A Not available.

Reclassified to conform to the current period's presentation.

Page 8

WEALTH

(In millions of dollars, except as otherwise noted)


																								Full			Full			Full			Full			Full
		1Q		2Q			3Q			4Q			1Q			2Q			3Q			4Q		Year			Year			Year			Year			Year
		2024		2024			2024			2024			2025			2025			2025			2025		2021			2022			2023			2024			2025

Net interest income		$	1,440	$	1,503		$	1,673		$	1,752		$	1,831		$	1,831		$	1,902		$	2,018	$	6,214		$	6,561		$	6,305		$	6,368		$	7,582
Fee revenue
Commissions and fees			429		431			408			448			484			454			494			465		2,028			1,628			1,571			1,716			1,897
Other⁽¹⁾			235		233			241			245			247			246			232			238		889			859			818			954			963
Total fee revenue			664		664			649			693			731			700			726			703		2,917			2,487			2,389			2,670			2,860
All other⁽²⁾			150		201			192			152			195			283			211			141		740			570			637			695			830
Total non-interest revenue			814		865			841			845			926			983			937			844		3,657			3,057			3,026			3,365			3,690
Total revenues, net of interest expense			2,254		2,368			2,514			2,597			2,757			2,814			2,839			2,862		9,871			9,618			9,331			9,733			11,272
Total operating expenses			2,422		2,282			2,331			2,339			2,390			2,313			2,375			2,377		8,061			9,138			9,721			9,374			9,455
Net credit losses on loans			57		60			54			72			67			73			91			80		205			335			208			243			311
Credit reserve build (release) for loans			(192)		(48)			9			(18)			64			(65)			(16)			6		(438)			82			(141)			(249)			(11)
Provision (release) for credit losses on unfunded lending commitments			(8)		-			(1)			-			(1)			(1)			(1)			1		(16)			11			(11)			(9)			(2)
Provisions for benefits and claims (PBC), and other assets			(2)		(1)			(2)			-			(4)			-			(1)			-		(2)			7			(5)			(5)			(5)
Provisions for credit losses and for PBC			(145)		11			60			54			126			7			73			87		(251)			435			51			(20)			293
Income from continuing operations before taxes			(23)		75			123			204			241			494			391			398		2,061			45			(441)			379			1,524
Income taxes			(8)		25			29			33			50			109			88			99		351			(108)			(97)			79			346
Income from continuing operations			(15)		50			94			171			191			385			303			299		1,710			153			(344)			300			1,178
Noncontrolling interests			-		-			-			-			-			-			-			-		-			-			-			-			-
Net income		$	(15)	$	50		$	94		$	171		$	191		$	385		$	303		$	299	$	1,710		$	153		$	(344)		$	300		$	1,178
EOP assets (in billions)		$	302	$	300		$	307		$	301		$	301		$	308		$	313		$	316	$	320		$	330		$	299		$	301		$	316
Average assets (in billions)			305		304			306			307			301			305			315			325		333			328			318			306			312
Efficiency ratio			107%		96%			93%			90%			87%			82%			84%			83%		82%			95%			104%			96%			84%
Average allocated TCE (in billions)⁽³⁾		$	16.6	$	16.6		$	16.6		$	16.6		$	15.4		$	15.4		$	15.4		$	15.4	$	17.2		$	18.2		$	17.2		$	16.6		$	15.4
RoTCE⁽³⁾			(0.4%)		1.2%			2.3%			4.1%			5.0%			10.0%			7.8%			7.7%		9.9%			0.8%			(2.0%)			1.8%			7.6%

Revenue by line of business
Citigold and Retail Banking		$	1,502	$	1,562		$	1,656		$	1,751		$	1,825		$	1,862		$	1,969		$	2,010	$	6,210		$	6,077		$	6,137		$	6,471		$	7,666
Private Bank			571		611			614			590			664			731			656			625		2,970			2,811			2,332			2,386			2,676
Wealth at Work			181		195			244			256			268			221			214			227		691			730			862			876			930
Total		$	2,254	$	2,368		$	2,514		$	2,597		$	2,757		$	2,814		$	2,839		$	2,862	$	9,871		$	9,618		$	9,331		$	9,733		$	11,272

Revenue by managed geography
North America		$	1,340	$	1,408		$	1,519		$	1,611		$	1,734		$	1,729		$	1,741		$	1,825	$	6,187		$	6,197		$	5,949		$	5,878		$	7,029
International			914		960			995			986			1,023			1,085			1,098			1,037		3,684			3,421			3,382			3,855			4,243
Total		$	2,254	$	2,368		$	2,514		$	2,597		$	2,757		$	2,814		$	2,839		$	2,862	$	9,871		$	9,618		$	9,331		$	9,733		$	11,272

Key drivers⁽⁴⁾ (in billions of dollars)

EOP client balances
Client investment assets⁽⁵⁾		$	524	$	541		$	580		$	587		$	595		$	635		$	660		$	670
Deposits			420		404			401			402			401			400			408			413
Loans			191		193			197			194			196			200			202			204
Total		$	1,135	$	1,138		$	1,178		$	1,183		$	1,192		$	1,235		$	1,270		$	1,287

Net new investment assets (NNIA)⁽⁶⁾⁽⁷⁾		$	3.1	$	10.3		$	13.8		$	15.6		$	16.5		$	2.0		$	18.6		$	7.2		N/A			N/A		$	30.0		$	42.8		$	44.3
Average deposits			416		409			401			401			399			398			405			407		410			427			420			407			402
Average loans			191		192			195			195			194			197			201			203		182			183			188			193			199
ACLL as a % of EOP loans⁽⁸⁾			0.38%		0.35%			0.35%			0.35%			0.38%			0.34%			0.33%			0.33%
NCLs (annualized) as a % of average loans			0.12%		0.13%			0.11%			0.15%			0.14%			0.15%			0.18%			0.16%		0.11%			0.18%			0.11%			0.13%			0.16%
U.S. Retail banking branches (actual)			645		641			641			642			644			650			653			655

(1)	Primarily related to fiduciary and administrative fees.

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

(3)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

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

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

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

(7)	NNIA for Retail Banking is not available prior to 1Q24.

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

NM Not meaningful.

N/A Not available.

Reclassified to conform to the current period's presentation.

Page 8

U.S. CONSUMER CARDS (USCC)

(In millions of dollars, except as otherwise noted)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023

Net interest income	$	3,630	$	3,449	$	3,661	$	3,778	$	3,800	$	3,939	$	4,174	$	4,269	$	4,401	$	4,431	$	4,685	$	4,741
Fee revenue
Interchange fees⁽¹⁾		1,562		1,913		1,955		2,091		1,950		2,263		2,242		2,311		2,170		2,367		2,320		2,362
Card rewards and partner payments		(1,908)		(2,262)		(2,362)		(2,564)		(2,444)		(2,803)		(2,776)		(2,829)		(2,588)		(2,824)		(2,767)		(2,889)
Other⁽¹⁾		66		55		56		52		52		50		44		41		35		9		19		34
Total fee revenue		(280)		(294)		(351)		(421)		(442)		(490)		(490)		(477)		(383)		(448)		(428)		(493)
All other⁽²⁾		47		1		(8)		(3)		35		18		5		1		53		5		1		1
Total non-interest revenue		(233)		(293)		(359)		(424)		(407)		(472)		(485)		(476)		(330)		(443)		(427)		(492)

Total revenues, net of interest expense		3,397		3,156		3,302		3,354		3,393		3,467		3,689		3,793		4,071		3,988		4,258		4,249

Total operating expenses		1,276		1,384		1,421		1,612		1,485		1,552		1,563		1,689		1,606		1,621		1,613		1,715
Net credit losses on loans		934		801		600		521		561		628		676		821		1,037		1,190		1,319		1,578
Credit reserve build (release) for loans		(1,331)		(862)		(757)		(896)		(1,003)		467		322		839		577		293		144		506
Provisions for benefits and claims (PBC), and other assets		1		6		3		6		1		3		2		3		(1)		4		3		3
Provisions for credit losses and for PBC		(396)		(55)		(154)		(369)		(441)		1,098		1,000		1,663		1,613		1,487		1,466		2,087
Income from continuing operations before taxes		2,517		1,827		2,035		2,111		2,349		817		1,126		441		852		880		1,179		447
Income taxes		585		435		475		499		554		197		263		107		202		198		265		110
Income from continuing operations		1,932		1,392		1,560		1,612		1,795		620		863		334		650		682		914		337
Noncontrolling interests		-		-		-		-		-		-		-		-		-		-		-		-
Net income	$	1,932	$	1,392	$	1,560	$	1,612	$	1,795	$	620	$	863	$	334	$	650	$	682	$	914	$	337
EOP assets (in billions)	$	123	$	128	$	130	$	140	$	136	$	144	$	147	$	157	$	151	$	158	$	162	$	172
Average assets (in billions)		124		124		128		133		132		139		144		150		152		155		159		161
Efficiency ratio		38%		44%		43%		48%		44%		45%		42%		45%		39%		41%		38%		40%
Average allocated TCE (in billions)⁽³⁾	$	16.7	$	16.7	$	16.7	$	16.7	$	16.4	$	16.4	$	16.4	$	16.4	$	18.1	$	18.1	$	18.1	$	18.1
RoTCE⁽³⁾		46.9%		33.4%		37.1%		38.3%		44.4%		15.2%		20.9%		8.1%		14.6%		15.1%		20.0%		7.4%

Key drivers⁽⁴⁾ (in billions)
Average loans	$	123	$	123	$	125	$	129	$	130	$	134	$	140	$	146	$	148	$	152	$	156	$	161
ACLL as a % of EOP loans		11.08%		10.06%		9.39%		8.13%		7.59%		7.50%		7.54%		7.57%		8.09%		7.89%		7.83%		7.71%
NCLs (annualized) as a % of average loans		3.07%		2.62%		1.90%		1.60%		1.76%		1.87%		1.91%		2.23%		2.84%		3.15%		3.35%		3.88%
Revenue rate⁽⁵⁾		11.20%		10.29%		10.48%		10.32%		10.59%		10.38%		10.45%		10.31%		11.16%		10.52%		10.83%		10.47%
NII⁽⁶⁾ (annualized) as a % of average loans		11.97%		11.25%		11.62%		11.62%		11.85%		11.79%		11.83%		11.60%		12.06%		11.69%		11.91%		11.68%

(1)	Primarily includes credit card-related fees.

(2)	Primarily related to revenue incentives from card networks.

(3)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

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

(5)	Total revenues, net of interest expense (annualized) as a % of average loans.

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 9

U.S. CONSUMER CARDS (USCC)

(In millions of dollars, except as otherwise noted)

																									Full			Full			Full			Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
	2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025

Net interest income	$	4,767		$	4,647		$	4,853		$	4,976		$	4,984		$	4,918		$	5,124		$	5,143		$	14,518		$	16,182		$	18,258		$	19,243		$	20,169
Fee revenue
Interchange fees⁽¹⁾		2,242			2,396			2,347			2,440			2,285			2,459			2,448			2,526			7,521			8,766			9,219			9,425			9,718
Card rewards and partner payments		(2,580)			(2,846)			(2,839)			(2,960)			(2,821)			(3,008)			(3,031)			(3,215)			(9,096)			(10,852)			(11,068)			(11,225)			(12,075)
Other⁽¹⁾		51			66			84			91			96			103			114			114			229			187			97			292			427
Total fee revenue		(287)			(384)			(408)			(429)			(440)			(446)			(469)			(575)			(1,346)			(1,899)			(1,752)			(1,508)			(1,930)
All other⁽²⁾		62			8			-			-			23			(1)			1			(4)			37			59			60			70			19
Total non-interest revenue		(225)			(376)			(408)			(429)			(417)			(447)			(468)			(579)			(1,309)			(1,840)			(1,692)			(1,438)			(1,911)

Total revenues, net of interest expense		4,542			4,271			4,445			4,547			4,567			4,471			4,656			4,564			13,209			14,342			16,566			17,805			18,258

Total operating expenses		1,664			1,608			1,639			1,687			1,691			1,626			1,644			1,794			5,693			6,289			6,555			6,598			6,755
Net credit losses on loans		1,836			1,906			1,837			1,878			1,954			1,856			1,741			1,739			2,856			2,686			5,124			7,457			7,290
Credit reserve build (release) for loans		339			387			40			253			(174)			(5)			55			(117)			(3,846)			625			1,520			1,019			(241)
Provisions for benefits and claims (PBC), and other assets		4			2			5			5			3			1			3			2			16			9			9			16			9
Provisions for credit losses and for PBC		2,179			2,295			1,882			2,136			1,783			1,852			1,799			1,624			(974)			3,320			6,653			8,492			7,058
Income from continuing operations before taxes		699			368			924			724			1,093			993			1,213			1,146			8,490			4,733			3,358			2,715			4,445
Income taxes		162			87			213			169			255			235			284			262			1,994			1,121			775			631			1,036
Income from continuing operations		537			281			711			555			838			758			929			884			6,496			3,612			2,583			2,084			3,409
Noncontrolling interests		-			-			-			-			-			-			-			-			-			-			-			-			-
Net income	$	537		$	281		$	711		$	555		$	838		$	758		$	929		$	884		$	6,496		$	3,612		$	2,583		$	2,084		$	3,409
EOP assets (in billions)	$	164		$	170		$	168		$	175		$	167		$	171		$	171		$	178		$	140		$	157		$	172		$	175		$	178
Average assets (in billions)		164			165			167			169			169			168			171			173			127			141			157			166			170
Efficiency ratio		37%			38%			37%			37%			37%			36%			35%			39%			43%			44%			40%			37%			37%
Average allocated TCE (in billions)⁽³⁾	$	21.8		$	21.8		$	21.8		$	21.8		$	20.3		$	20.3		$	20.3		$	20.3		$	16.7		$	16.4		$	18.1		$	21.8			20.3
RoTCE⁽³⁾		9.9%			5.2%			13.0%			10.1%			16.7%			15.0%			18.2%			17.3%			38.9%			22.0%			14.3%			9.6%			16.8%

Key drivers⁽⁴⁾ (in billions)
Average loans	$	163		$	164		$	166		$	169		$	168		$	168		$	171		$	172		$	125		$	138		$	154		$	165			170
ACLL as a % of EOP loans		8.19%			8.19%			8.20%			8.00%			8.29%			8.08%			8.09%			7.74%
NCLs (annualized) as a % of average loans		4.54%			4.68%			4.40%			4.43%			4.72%			4.43%			4.05%			4.00%			2.28%			1.95%			3.32%			4.51%			4.29%
Revenue rate⁽⁵⁾		11.21%			10.47%			10.65%			10.70%			11.02%			10.67%			10.80%			10.53%			10.57%			10.39%			10.76%			10.79%			10.74%
NII⁽⁶⁾ (annualized) as a % of average loans		11.76%			11.40%			11.63%			11.71%			12.03%			11.74%			11.89%			11.86%			11.61%			11.73%			11.86%			11.66%			11.86%

(1)	Primarily includes credit card-related fees.

(2)	Primarily related to revenue incentives from card networks.

(3)	TCE and RoTCE are non-GAAP financial measures. See page 23 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.

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

(5)	Total revenues, net of interest expense (annualized) as a % of average loans.

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 9

USCC

Metrics


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
Key Drivers⁽¹⁾ (in billions of dollars, except as otherwise noted)		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023
New credit cards account acquisitions (in thousands)
General Purpose Credit Cards (GPCC)⁽²⁾			1,234			1,415			1,497			1,770			1,435			1,560			1,553			1,683			1,590			1,648			1,632			1,776
Private Label Credit Cards (PLCC)⁽³⁾			1,767			2,284			2,024			2,425			1,734			2,143			1,876			2,146			1,550			1,876			1,666			1,946
Credit card spend volume
GPCC		$	92.6		$	111.7		$	114.4		$	125.6		$	115.0		$	131.2		$	130.0		$	135.9		$	124.0		$	135.9		$	134.2		$	140.0
PLCC			11.9			15.4			14.3			16.7			13.2			16.7			15.2			16.5			12.7			15.7			14.3			15.5
Average loans⁽⁴⁾
GPCC		$	95.2		$	94.9		$	97.6		$	100.9		$	100.7		$	104.8		$	109.3		$	113.7		$	115.6		$	118.6		$	122.5		$	126.8
PLCC			27.3			26.8			26.7			27.4			27.5			27.9			28.6			29.7			30.0			30.2			30.9			31.4
Installment Lending			0.9			0.8			0.9			1.1			1.3			1.7			2.2			2.5			2.7			2.9			3.0			3.2
EOP loans⁽⁴⁾
GPCC		$	94.3		$	97.8		$	98.7		$	105.3		$	102.6		$	108.8		$	111.4		$	119.7		$	115.8		$	122.1		$	124.8		$	132.3
PLCC			26.7			27.0			26.8			28.6			27.4			28.6			29.0			31.0			29.7			30.9			30.9			32.4
Installment Lending			0.8			0.8			1.0			1.2			1.5			1.9			2.4			2.6			2.8			2.9			3.1			3.3
NCLs as a % of average loans
GPCC			3.10%			2.63%			1.90%			1.52%			1.67%			1.75%			1.77%			2.01%			2.58%			2.89%			3.14%			3.55%
PLCC			2.91%			2.56%			1.89%			1.87%			2.06%			2.34%			2.44%			3.03%			3.73%			4.02%			4.01%			5.00%
Installment Lending			4.51%			4.01%			2.20%			1.80%			1.87%			2.12%			2.34%			2.86%			3.76%			4.29%			5.16%			5.95%
Loans 90+ days past due as a % of EOP loans
GPCC			0.90%			0.67%			0.54%			0.55%			0.59%			0.58%			0.65%			0.79%			0.96%			0.99%			1.14%			1.31%
PLCC			1.26%			0.98%			0.93%			1.01%			1.10%			1.10%			1.30%			1.50%			1.66%			1.66%			2.01%			2.25%
Installment Lending			0.63%			0.38%			0.20%			0.25%			0.20%			0.16%			0.21%			0.27%			0.29%			0.38%			0.42%			0.42%
Loans 30-89 days past due as a % of EOP loans
GPCC			0.74%			0.53%			0.56%			0.58%			0.62%			0.59%			0.74%			0.85%			0.92%			0.98%			1.17%			1.23%
PLCC			1.12%			0.93%			1.08%			1.19%			1.28%			1.27%			1.52%			1.58%			1.61%			1.77%			2.06%			2.07%
Installment Lending			1.25%			0.88%			0.70%			0.67%			0.60%			0.63%			0.63%			0.85%			0.96%			1.10%			1.23%			1.30%

(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)	General Purpose Credit Cards (GPCC). Consists of consumer credit cards that operate on established payment networks and are accepted by a wide variety of merchants and service providers.

(3)	Private Label Credit Cards (PLCC). Consists of consumer credit cards that are issued for use with a specific retailer or its affiliates and are limited to purchases of that retailer’s goods and services.

(4)	GPCC and PLCC average loans, EOP loans, and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

Reclassified to conform to the current period's presentation.

Page 10

USCC

Metrics


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
Key Drivers⁽¹⁾ (in billions of dollars, except as otherwise noted)		2024			2024			2024			2024			2025			2025			2025			2025

New credit cards account acquisitions (in thousands)
General Purpose Credit Cards (GPCC)⁽²⁾			1,577			1,616			1,672			1,817			1,696			1,704			1,872			2,115
Private Label Credit Cards (PLCC)⁽³⁾			1,251			1,562			1,351			1,703			1,144			1,551			1,339			1,572
Credit card spend volume
GPCC		$	129.1		$	139.9		$	137.6		$	145.9		$	133.2		$	144.8		$	144.5		$	152.4
PLCC			11.8			14.7			13.0			14.7			10.9			13.9			12.6			13.9
Average loans⁽⁴⁾
GPCC		$	128.0		$	129.4		$	131.1		$	133.7		$	133.6		$	134.4		$	136.8		$	138.6
PLCC			31.2			30.9			31.2			31.3			30.6			30.1			30.0			29.8
Installment Lending			3.3			3.5			3.7			3.8			3.8			3.7			3.7			3.9
EOP loans⁽⁴⁾
GPCC		$	128.2		$	132.1		$	132.4		$	139.0		$	132.9		$	136.8		$	137.7		$	143.2
PLCC			30.6			31.4			31.3			32.1			29.9			30.4			29.8			30.5
Installment Lending			3.4			3.5			3.8			3.8			3.7			3.7			3.8			3.8
NCLs as a % of average loans
GPCC			4.22%			4.41%			4.17%			4.13%			4.45%			4.20%			3.85%			3.78%
PLCC			5.74%			5.69%			5.24%			5.48%			5.71%			5.18%			4.67%			4.77%
Installment Lending			5.97%			5.86%			5.70%			6.18%			6.19%			6.29%			6.43%			6.00%
Loans 90+ days past due as a % of EOP loans
GPCC			1.44%			1.34%			1.36%			1.41%			1.42%			1.30%			1.27%			1.32%
PLCC			2.36%			2.15%			2.27%			2.33%			2.23%			2.00%			2.08%			2.13%
Installment Lending			0.44%			0.46%			0.50%			0.55%			0.49%			0.57%			0.58%			0.58%
Loans 30-89 days past due as a % of EOP loans
GPCC			1.22%			1.14%			1.26%			1.21%			1.21%			1.12%			1.21%			1.23%
PLCC			2.07%			1.96%			2.21%			2.01%			2.04%			1.89%			2.07%			1.99%
Installment Lending			1.24%			1.23%			1.32%			1.34%			1.41%			1.35%			1.26%			1.37%

(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)	General Purpose Credit Cards (GPCC). Consists of consumer credit cards that operate on established payment networks and are accepted by a wide variety of merchants and service providers.

(3)	Private Label Credit Cards (PLCC). Consists of consumer credit cards that are issued for use with a specific retailer or its affiliates and are limited to purchases of that retailer’s goods and services.

(4)	GPCC and PLCC average loans, EOP loans, and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

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)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023
Net interest income⁽¹⁴⁾		$	1,535		$	1,650		$	1,715		$	1,645		$	1,613		$	1,796		$	2,114		$	2,300		$	2,288		$	2,225		$	1,899		$	1,662
Non-interest revenue^(4)(5)(14)			861			749			648			688			476			445			33			64			374			248			404			289
Total revenues, net of interest expense			2,396			2,399			2,363			2,333			2,089			2,241			2,147			2,364			2,662			2,473			2,303			1,951
Total operating expenses^{(5)(6)(7)(8)(9)}			2,466			2,342			2,454			2,366			2,274			2,261			2,320			2,349			2,291			2,259			2,183			4,468
Net credit losses on loans			688			373			294			217			203			183			198			186			198			199			237			236
Credit reserve build (release) for loans			(598)			(597)			(359)			(121)			(421)			(30)			(19)			(39)			(17)			72			(21)			93
Provision (release) for credit losses on unfunded lending commitments			(10)			(5)			4			(8)			259			(109)			(29)			1			(23)			(5)			(9)			(10)
Provisions for benefits and claims (PBC), other assets and HTM debt securities			50			9			17			21			33			20			32			12			287			(66)			(8)			141
Provisions for credit losses and for PBC			130			(220)			(44)			109			74			64			182			160			445			200			199			460
Income (loss) from continuing operations before taxes			(200)			277			(47)			(142)			(259)			(84)			(355)			(145)			(74)			14			(79)			(2,977)
Income taxes (benefits)			(40)			(434)			(180)			(260)			(403)			(215)			(351)			(150)			(293)			(26)			(39)			(621)
Income (loss) from continuing operations			(160)			711			133			118			144			131			(4)			5			219			40			(40)			(2,356)
Income (loss) from discontinued operations, net of taxes			(2)			10			(1)			-			(2)			(221)			(6)			(2)			(1)			(1)			2			(1)
Noncontrolling interests			4			4			14			(3)			-			(3)			10			(3)			9			-			9			(2)
Net income (loss)		$	(166)		$	717		$	118		$	121		$	142		$	(87)		$	(20)		$	6		$	209		$	39		$	(47)		$	(2,355)
EOP assets (in billions)		$	239		$	245		$	236		$	233		$	243		$	233		$	227		$	218		$	223		$	216		$	202		$	203
Average assets (in billions)			236			239			234			232			240			235			225			222			220			214			210			202
Efficiency ratio			103%			98%			104%			101%			109%			101%			108%			99%			86%			91%			95%			229%
Average allocated TCE (in billions)⁽¹⁰⁾		$	31.8		$	34.0		$	34.5		$	34.1		$	25.0		$	24.1		$	25.2		$	26.6		$	28.5		$	31.5		$	32.7		$	32.6

Revenue by line of business
Mexico Consumer/SBMM		$	1,110		$	1,152		$	1,139		$	1,138		$	1,111		$	1,161		$	1,146		$	1,219		$	1,289		$	1,406		$	1,519		$	1,454
Asia Consumer^(4)(11)			1,017			996			941			917			790			772			757			567			498			470			287			249
Legacy Holdings Assets (LHA)			45			66			93			104			39			(101)			32			63			36			38			25			11
Corporate/Other⁽¹⁴⁾			224			185			190			174			149			409			212			515			839			559			472			237
Total		$	2,396		$	2,399		$	2,363		$	2,333		$	2,089		$	2,241		$	2,147		$	2,364		$	2,662		$	2,473		$	2,303		$	1,951

Mexico Consumer/SBMM—key indicators (in billions of dollars)
EOP loans		$	18.3		$	18.3		$	17.7		$	18.4		$	18.8		$	19.0		$	19.0		$	20.5		$	22.0		$	23.9		$	24.0		$	25.2
EOP deposits			31.2			31.5			30.0			31.1			32.4			34.0			34.4			34.8			36.7			39.0			38.3			40.2
Average loans			18.8			18.4			17.9			17.7			17.8			18.7			18.7			19.5			20.8			22.6			24.0			23.9
NCLs as a % of average loans (Mexico Consumer only)			10.65%			7.43%			5.26%			3.97%			3.78%			3.12%			3.82%			3.30%			3.87%			3.65%			4.12%			4.35%
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)			2.35%			1.84%			1.52%			1.38%			1.32%			1.29%			1.26%			1.28%			1.24%			1.37%			1.32%			1.35%
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)			2.08%			1.60%			1.46%			1.30%			1.30%			1.18%			1.23%			1.26%			1.26%			1.28%			1.33%			1.35%

Asia Consumer—key indicators (in billions of dollars)^(12)(13)
EOP loans		$	54.0		$	53.5		$	42.9		$	41.1		$	19.5		$	17.3		$	13.4		$	13.3		$	10.0		$	9.1		$	8.0		$	7.4
EOP deposits			54.6			54.0			46.6			43.3			17.5			17.2			14.6			14.5			14.4			12.2			10.8			9.5
Average loans			54.9			54.2			46.4			42.3			23.1			18.2			15.2			13.2			12.1			9.5			8.6			7.8

Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans		$	7.0		$	5.8		$	5.0		$	4.7		$	4.3		$	3.8		$	3.7		$	3.4		$	3.3		$	2.8		$	2.8		$	2.8

(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)

In 4Q25, Citigroup recognized an approximate $1.2 billion loss recorded in revenue (approximately $1.1 billion after-tax) related to the loss on sale of the announced move to held-for-sale of AO Citibank (Russia). The sale closed on February 18, 2026. The loss on sale consists of (($1.556) billion) (($1.506) billion after-tax) in Legacy Franchises and (($32) million) in Corporate/Other, partially offset by $356 million in Services, $19 million in Markets and $40 million in Banking. The only tax impact ($50 million tax benefit) was recorded in Legacy Franchises. For additional information, see Citi's Form 8-K filed on December 29, 2025.

(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 23 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.

(14)	Certain interest-rate risk-management activities within Markets were moved to Corporate/Other. These changes impact the results for Markets, as well as Corporate/Other.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 11

ALL OTHER—MANAGED BASIS^(1)(2)(3)

(In millions of dollars, except as otherwise noted)


																										Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
		2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025
Net interest income⁽¹⁴⁾		$	1,784		$	1,637		$	1,566		$	1,273		$	1,284		$	1,442		$	1,351		$	1,144		$	6,545		$	7,823		$	8,074		$	6,260		$	5,221
Non-interest revenue^(4)(5)(14)			646			381			230			4			179			274			120			(1,352)			2,946			1,018			1,315			1,261			(779)
Total revenues, net of interest expense			2,430			2,018			1,796			1,277			1,463			1,716			1,471			(208)			9,491			8,841			9,389			7,521			4,442
Total operating expenses^{(5)(6)(7)(8)(9)}			2,687			2,108			2,078			2,163			2,226			2,277			2,169			2,026			9,628			9,204			11,201			9,036			8,698
Net credit losses on loans			249			214			208			257			256			256			297			341			1,572			770			870			928			1,150
Credit reserve build (release) for loans			(93)			(1)			55			112			73			70			16			75			(1,675)			(509)			127			73			234
Provision (release) for credit losses on unfunded lending commitments			(5)			(3)			(7)			(1)			(1)			(6)			(6)			2			(19)			122			(47)			(16)			(11)
Provisions for benefits and claims (PBC), other assets and HTM debt securities			35			33			33			29			31			54			24			31			97			97			354			130			140
Provisions for credit losses and for PBC			186			243			289			397			359			374			331			449			(25)			480			1,304			1,115			1,513
Income (loss) from continuing operations before taxes			(443)			(333)			(571)			(1,283)			(1,122)			(935)			(1,029)			(2,683)			(112)			(843)			(3,116)			(2,630)			(5,769)
Income taxes (benefits)			3			46			(56)			(167)			(283)			(362)			(277)			(410)			(914)			(1,119)			(979)			(174)			(1,332)
Income (loss) from continuing operations			(446)			(379)			(515)			(1,116)			(839)			(573)			(752)			(2,273)			802			276			(2,137)			(2,456)			(4,437)
Income (loss) from discontinued operations, net of taxes			(1)			-			(1)			-			(1)			-			(1)			(1)			7			(231)			(1)			(2)			(3)
Noncontrolling interests			(7)			(10)			(12)			(1)			16			(21)			3			16			19			4			16			(30)			14
Net income (loss)		$	(440)		$	(369)		$	(504)		$	(1,115)		$	(856)		$	(552)		$	(756)		$	(2,290)		$	790		$	41		$	(2,154)		$	(2,428)		$	(4,454)
EOP assets (in billions)		$	209		$	202		$	200		$	202		$	206		$	214		$	211		$	210		$	233		$	218		$	203		$	202		$	210
Average assets (in billions)			205			202			198			200			207			213			209			202			235			231			210			200			208
Efficiency ratio			111%			104%			116%			169%			152%			133%			147%			(974%)			101%			104%			119%			120%			196%
Average allocated TCE (in billions)⁽¹⁰⁾		$	25.7		$	27.1		$	29.3		$	29.6		$	37.9		$	40.7		$	40.9		$	39.0		$	33.4		$	25.6		$	30.8		$	27.7		$	39.2

Revenue by line of business
Mexico Consumer/SBMM		$	1,563		$	1,633		$	1,523		$	1,422		$	1,467		$	1,536		$	1,722		$	1,775		$	4,539		$	4,637		$	5,668		$	6,141		$	6,500
Asia Consumer^(4)(11)			252			219			191			150			135			155			149			(1,434)			3,871			2,886			1,504			812			(995)
Legacy Holdings Assets (LHA)			4			(133)			20			(9)			19			-			-			(12)			308			33			110			(118)			7
Corporate/Other⁽¹⁴⁾			611			299			62			(286)			(158)			25			(400)			(537)			773			1,285			2,107			686			(1,070)
Total		$	2,430		$	2,018		$	1,796		$	1,277		$	1,463		$	1,716		$	1,471		$	(208)		$	9,491		$	8,841		$	9,389		$	7,521		$	4,442

Mexico Consumer/SBMM—key indicators (in billions of dollars)
EOP loans		$	26.0		$	24.5		$	23.5		$	23.1		$	24.1		$	26.8		$	28.5		$	30.0
EOP deposits			41.0			37.6			34.6			34.1			35.3			38.4			40.6			43.8
Average loans			25.0			25.3			23.9			23.4			23.7			25.5			27.2			29.2
NCLs as a % of average loans (Mexico Consumer only)			4.67%			4.30%			4.36%			4.81%			5.51%			5.28%			5.46%			5.91%
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)			1.32%			1.32%			1.37%			1.43%			1.41%			1.58%			1.60%			1.72%
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)			1.33%			1.33%			1.47%			1.41%			1.46%			1.52%			1.58%			1.59%

Asia Consumer—key indicators (in billions of dollars)^(12)(13)
EOP loans		$	6.5		$	5.6		$	5.5		$	4.7		$	4.5		$	3.0		$	2.7		$	2.5
EOP deposits			9.0			8.3			8.4			7.5			7.4			1.5			1.3			1.1
Average loans			6.9			6.1			5.6			5.1			4.7			4.0			2.8			2.6

Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans		$	2.7		$	2.4		$	2.5		$	2.2		$	2.2		$	2.1		$	1.8		$	1.8

(1)

(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)

(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 23 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.

(14)	Certain interest-rate risk-management activities within Markets were moved to Corporate/Other. These changes impact the results for Markets, as well as Corporate/Other.

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)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Net interest income		$	1,480		$	1,539		$	1,467		$	1,464		$	1,446		$	1,435		$	1,362		$	1,306		$	1,255		$	1,314		$	1,273		$	1,179
Non-interest revenue⁽⁴⁾⁽⁵⁾			692			675			706			695			494			397			573			543			568			600			558			535
Total revenues, net of interest expense			2,172			2,214			2,173			2,159			1,940			1,832			1,935			1,849			1,823			1,914			1,831			1,714
Total operating expenses^{(5)(6)(7)(8)(9)}			1,893			1,820			1,785			1,832			1,718			1,811			1,750			1,772			1,696			1,715			1,682			1,625
Net credit losses on loans			688			373			294			217			203			183			198			186			198			199			237			236
Credit reserve build (release) for loans			(598)			(597)			(359)			(121)			(421)			(30)			(19)			(39)			(17)			72			(21)			93
Provision (release) for credit losses on unfunded lending commitments			(10)			(5)			4			(8)			259			(109)			(29)			1			(23)			(5)			(9)			(10)
Provisions for benefits and claims (PBC), other assets and HTM debt securities			50			8			17			23			32			17			29			13			175			45			(7)			152
Provisions for credit losses and for PBC			130			(221)			(44)			111			73			61			179			161			333			311			200			471
Income (loss) from continuing operations before taxes			149			615			432			216			149			(40)			6			(84)			(206)			(112)			(51)			(382)
Income taxes (benefits)			55			182			89			(170)			(50)			1			(44)			(59)			(162)			(65)			22			(114)
Income (loss) from continuing operations			94			433			343			386			199			(41)			50			(25)			(44)			(47)			(73)			(268)
Noncontrolling interests			(3)			(2)			(1)			(4)			(2)			2			-			3			2			3			2			1
Net income (loss)		$	97		$	435		$	344		$	390		$	201		$	(43)		$	50		$	(28)		$	(46)		$	(50)		$	(75)		$	(269)
EOP assets (in billions)		$	131		$	133		$	125		$	122		$	123		$	108		$	100		$	96		$	94		$	91		$	78		$	78
Average assets (in billions)			131			131			127			122			124			116			103			97			97			91			84			78
Efficiency ratio			87%			82%			82%			85%			89%			99%			90%			96%			93%			90%			92%			95%
Average Allocated TCE (in billions)⁽¹⁰⁾		$	12.0		$	12.0		$	12.0		$	12.0		$	11.1		$	11.1		$	11.1		$	11.1		$	10.0		$	10.0		$	10.0		$	10.0

Revenue by reporting unit and line of business
Mexico Consumer/SBMM⁽³⁾		$	1,110		$	1,152		$	1,139		$	1,138		$	1,111		$	1,161		$	1,146		$	1,219		$	1,289		$	1,406		$	1,519		$	1,454
Asia Consumer^(4)(11)			1,017			996			941			917			790			772			757			567			498			470			287			249
Legacy Holdings Assets (LHA)			45			66			93			104			39			(101)			32			63			36			38			25			11
Total		$	2,172		$	2,214		$	2,173		$	2,159		$	1,940		$	1,832		$	1,935		$	1,849		$	1,823		$	1,914		$	1,831		$	1,714

Mexico Consumer/SBMM⁽³⁾—key indicators (in billions of dollars)
EOP loans		$	18.3		$	18.3		$	17.7		$	18.4		$	18.8		$	19.0		$	19.0		$	20.5		$	22.0		$	23.9		$	24.0		$	25.2
EOP deposits			31.2			31.5			30.0			31.1			32.4			34.0			34.4			34.8			36.7			39.0			38.3			40.2
Average loans			18.8			18.4			17.9			17.7			17.8			18.7			18.7			19.5			20.8			22.6			24.0			23.9
NCLs as a % of average loans (Mexico Consumer only)			10.65%			7.43%			5.26%			3.97%			3.78%			3.12%			3.82%			3.30%			3.87%			3.65%			4.12%			4.35%
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)			2.35%			1.84%			1.52%			1.38%			1.32%			1.29%			1.26%			1.28%			1.24%			1.37%			1.32%			1.35%
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)			2.08%			1.60%			1.46%			1.30%			1.30%			1.18%			1.23%			1.26%			1.26%			1.28%			1.33%			1.35%

Asia Consumer—key indicators (in billions of dollars)^(12)(13)
EOP loans		$	54.0		$	53.5		$	42.9		$	41.1		$	19.5		$	17.3		$	13.4		$	13.3		$	10.0		$	9.1		$	8.0		$	7.4
EOP deposits			54.6			54.0			46.6			43.3			17.5			17.2			14.6			14.5			14.4			12.2			10.8			9.5
Average loans			54.9			54.2			46.4			42.3			23.1			18.2			15.2			13.2			12.1			9.5			8.6			7.8

Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans		$	7.0		$	5.8		$	5.0		$	4.7		$	4.3		$	3.8		$	3.7		$	3.4		$	3.3		$	2.8		$	2.8		$	2.8

(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 (North America consumer mortgage loans, Citigroup's U.K. consumer banking business and other legacy assets).

(4)

(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 23 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—MANAGED BASIS⁽¹⁾⁽²⁾

Legacy Franchises⁽³⁾

(In millions of dollars, except as otherwise noted)

																	Full		Full		Full		Full			Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		Year		Year		Year		Year			Year
	2024		2024		2024		2024		2025		2025		2025		2025		2021		2022		2023		2024			2025

Net interest income	$	1,278	$	1,196	$	1,253	$	1,160	$	1,167	$	1,271	$	1,338	$	1,379	$	5,950	$	5,549	$	5,021	$	4,887		$	5,155
Non-interest revenue⁽⁴⁾⁽⁵⁾		541		523		481		403		454		420		533		(1,050)		2,768		2,007		2,261		1,948			357
Total revenues, net of interest expense		1,819		1,719		1,734		1,563		1,621		1,691		1,871		329		8,718		7,556		7,282		6,835			5,512
Total operating expenses^{(5)(6)(7)(8)(9)}		1,605		1,550		1,475		1,381		1,334		1,287		1,320		1,222		7,330		7,051		6,718		6,011			5,163
Net credit losses on loans		249		214		208		257		256		256		297		341		1,572		770		870		928			1,150
Credit reserve build (release) for loans		(93)		(1)		55		112		73		70		16		75		(1,675)		(509)		127		73			234
Provision (release) for credit losses on unfunded lending commitments		(5)		(3)		(7)		(1)		(1)		(6)		(6)		2		(19)		122		(47)		(16)			(11)
Provisions for benefits and claims (PBC), other assets and HTM debt securities		37		28		35		25		30		51		20		29		98		91		365		125			130
Provisions for credit losses and for PBC		188		238		291		393		358		371		327		447		(24)		474		1,315		1,110			1,503
Income (loss) from continuing operations before taxes		26		(69)		(32)		(211)		(71)		33		224		(1,340)		1,412		31		(751)		(286)			(1,154)
Income taxes (benefits)		23		(11)		(1)		(53)		(25)		(5)		66		147		156		(152)		(319)		(42)			183
Income (loss) from continuing operations		3		(58)		(31)		(158)		(46)		38		158		(1,487)		1,256		183		(432)		(244)			(1,337)
Noncontrolling interests		2		-		-		3		14		(22)		3		9		(10)		3		8		5			4
Net income (loss)	$	1	$	(58)	$	(31)	$	(161)	$	(60)	$	60	$	155	$	(1,496)	$	1,266	$	180	$	(440)	$	(249)		$	(1,341)
EOP assets (in billions)	$	80	$	72	$	69	$	74	$	77	$	83	$	86	$	86	$	122	$	96	$	78	$	74		$	86
Average assets (in billions)		78		77		70		72		77		81		85		87		128		110		88		74			83
Efficiency ratio		88%		90%		85%		88%		82%		76%		71%		371%		84%		93%		92%		88%			94%
Average Allocated TCE (in billions)⁽¹⁰⁾	$	6.2	$	6.2	$	6.2	$	6.2	$	5.1	$	5.1	$	5.1	$	5.1	$	12.0	$	11.1	$	10.0	$	6.2		$	5.1

Revenue by reporting unit and line of business
Mexico Consumer/SBMM⁽³⁾	$	1,563	$	1,633	$	1,523	$	1,422	$	1,467	$	1,536	$	1,722	$	1,775	$	4,539	$	4,637	$	5,668	$	6,141		$	6,500
Asia Consumer^(4)(11)		252		219		191		150		135		155		149		(1,434)		3,871		2,886		1,504		812			(995)
Legacy Holdings Assets (LHA)		4		(133)		20		(9)		19		-		-		(12)		308		33		110		(118)			7
Total	$	1,819	$	1,719	$	1,734	$	1,563	$	1,621	$	1,691	$	1,871	$	329	$	8,718	$	7,556	$	7,282	$	6,835		$	5,512

Mexico Consumer/SBMM⁽³⁾—key indicators (in billions of dollars)
EOP loans	$	26.0	$	24.5	$	23.5	$	23.1	$	24.1	$	26.8	$	28.5	$	30.0
EOP deposits		41.0		37.6		34.6		34.1		35.3		38.4		40.6		43.8
Average loans		25.0		25.3		23.9		23.4		23.7		25.5		27.2		29.2
NCLs as a % of average loans (Mexico Consumer only)		4.67%		4.30%		4.36%		4.81%		5.51%		5.28%		5.46%		5.91%
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)		1.32%		1.32%		1.37%		1.43%		1.41%		1.58%		1.60%		1.72%
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)		1.33%		1.33%		1.47%		1.41%		1.46%		1.52%		1.58%		1.59%

Asia Consumer—key indicators (in billions of dollars)^(12)(13)
EOP loans	$	6.5	$	5.6	$	5.5	$	4.7	$	4.5	$	3.0	$	2.7	$	2.5
EOP deposits		9.0		8.3		8.4		7.5		7.4		1.5		1.3		1.1
Average loans		6.9		6.1		5.6		5.1		4.7		4.0		2.8		2.6

Legacy Holdings Assets—key indicators (in billions of dollars)
EOP loans	$	2.7	$	2.4	$	2.5	$	2.2	$	2.2	$	2.1	$	1.8	$	1.8

(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)

(4)

(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 23 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)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Net interest income⁽²⁾		$	55		$	111		$	248		$	181		$	167		$	361		$	752		$	994		$	1,033		$	911		$	626		$	483
Non-interest revenue⁽²⁾			169			74			(58)			(7)			(18)			48			(540)			(479)			(194)			(352)			(154)			(246)
Total revenues, net of interest expense			224			185			190			174			149			409			212			515			839			559			472			237
Total operating expenses			573			522			669			534			556			450			570			577			595			544			501			2,843
Provisions for other assets, HTM debt securities and other			-			1			-			(2)			1			3			3			(1)			112			(111)			(1)			(11)
Income (loss) from continuing operations before taxes			(349)			(338)			(479)			(358)			(408)			(44)			(361)			(61)			132			126			(28)			(2,595)
Income taxes (benefits)			(95)			(616)			(269)			(90)			(353)			(216)			(307)			(91)			(131)			39			(61)			(507)
Income (loss) from continuing operations			(254)			278			(210)			(268)			(55)			172			(54)			30			263			87			33			(2,088)
Income (loss) from discontinued operations, net of taxes			(2)			10			(1)			-			(2)			(221)			(6)			(2)			(1)			(1)			2			(1)
Noncontrolling interests			7			6			15			1			2			(5)			10			(6)			7			(3)			7			(3)
Net income (loss)		$	(263)		$	282		$	(226)		$	(269)		$	(59)		$	(44)		$	(70)		$	34		$	255		$	89		$	28		$	(2,086)
EOP assets (in billions)		$	108		$	112		$	111		$	111		$	120		$	125		$	127		$	122		$	129		$	125		$	124		$	125
Average allocated TCE (in billions)⁽³⁾			19.8			22.0			22.5			22.1			13.9			13.0			14.1			15.5			18.5			21.5			22.7			22.6

(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)	Certain interest-rate risk-management activities within Markets were moved to Corporate/Other. These changes impact the results for Markets, as well as Corporate/Other.

(3)	TCE is a non-GAAP financial measure. See page 23 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

Corporate/Other⁽¹⁾

(In millions of dollars, except as otherwise noted)


																										Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			Year			Year			Year			Year			Year
		2024			2024			2024			2024			2025			2025			2025			2025			2021			2022			2023			2024			2025

Net interest income⁽²⁾		$	506		$	441		$	313		$	113		$	117		$	171		$	13		$	(235)		$	595		$	2,274		$	3,053		$	1,373		$	66
Non-interest revenue⁽²⁾			105			(142)			(251)			(399)			(275)			(146)			(413)			(302)			178			(989)			(946)			(687)			(1,136)
Total revenues, net of interest expense			611			299			62			(286)			(158)			25			(400)			(537)			773			1,285			2,107			686			(1,070)
Total operating expenses			1,082			558			603			782			892			990			849			804			2,298			2,153			4,483			3,025			3,535
Provisions for other assets, HTM debt securities and other			(2)			5			(2)			4			1			3			4			2			(1)			6			(11)			5			10
Income (loss) from continuing operations before taxes			(469)			(264)			(539)			(1,072)			(1,051)			(968)			(1,253)			(1,343)			(1,524)			(874)			(2,365)			(2,344)			(4,615)
Income taxes (benefits)			(20)			57			(55)			(114)			(258)			(357)			(343)			(557)			(1,070)			(967)			(660)			(132)			(1,515)
Income (loss) from continuing operations			(449)			(321)			(484)			(958)			(793)			(611)			(910)			(786)			(454)			93			(1,705)			(2,212)			(3,100)
Income (loss) from discontinued operations, net of taxes			(1)			-			(1)			-			(1)			-			(1)			(1)			7			(231)			(1)			(2)			(3)
Noncontrolling interests			(9)			(10)			(12)			(4)			2			1			-			7			29			1			8			(35)			10
Net income (loss)		$	(441)		$	(311)		$	(473)		$	(954)		$	(796)		$	(612)		$	(911)		$	(794)		$	(476)		$	(139)		$	(1,714)		$	(2,179)		$	(3,113)
EOP assets (in billions)		$	129		$	130		$	131		$	128		$	129		$	131		$	125		$	124		$	111		$	122		$	125		$	128		$	124
Average allocated TCE (in billions)⁽³⁾			19.5			20.9			23.1			23.4			32.8			35.6			35.8			33.9			21.4			14.5			20.8			21.5			34.1

(1)

(2)	Certain interest-rate risk-management activities within Markets were moved to Corporate/Other. These changes impact the results for Markets, as well as Corporate/Other.

(3)	TCE is a non-GAAP financial measure. See page 23 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

Divestiture-Related Impacts

(Reconciling Items)⁽¹⁾

(In millions of dollars, except as otherwise noted)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q			1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022			2023		2023		2023		2023

Net interest income	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-		$	-	$	-	$	-	$	-
Non-interest revenue⁽²⁾		-		-		(657)		(13)		(47)		78		614		209			1,018		(6)		396		(62)
Total revenues, net of interest expense		-		-		(657)		(13)		(47)		78		614		209			1,018		(6)		396		(62)
Total operating expenses^{(2)(3)(4)(5)(6)}		-		-		-		1,171		559		(28)		107		58			73		79		114		106
Net credit losses on loans		-		-		(5)		(1)		(53)		(50)		(35)		(18)			(12)		(8)		(19)		33
Credit reserve build (release) for loans		-		-		28		2		259		-		22		(22)			3		(3)		2		(63)
Provision (release) for credit losses on unfunded lending commitments		-		-		-		-		(135)		108		1		(1)			1		(1)		-		-
Provisions for benefits and claims (PBC), other assets and HTM debt securities		-		-		-		-		-		-		-		-			-		-		-		-
Provisions for credit losses and for PBC		-		-		23		1		71		58		(12)		(41)			(8)		(12)		(17)		(30)
Income (loss) from continuing operations before taxes		-		-		(680)		(1,185)		(677)		48		519		192			953		(73)		299		(138)
Income taxes (benefits)		-		-		(100)		(123)		(89)		13		263		79			305		19		85		(27)
Income (loss) from continuing operations		-		-		(580)		(1,062)		(588)		35		256		113			648		(92)		214		(111)
Income (loss) from discontinued operations, net of taxes		-		-		-		-		-		-		-		-			-		-		-		-
Noncontrolling interests		-		-		-		-		-		-		-		-			-		-		-		-
Net income (loss)	$	-	$	-	$	(580)	$	(1,062)	$	(588)	$	35	$	256	$	113		$	648	$	(92)	$	214	$	(111)

(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 approximate $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)	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.

(4)

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.

(5)

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. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025.

(6)	4Q25 includes approximately $40 million in operating expenses (approximately $28 million after-tax), primarily related to separation costs in Mexico. For additional information, see Citi's Annual Report on Form 10-K for the year ended December 31, 2025.

Note:

See “All Other—Divestiture-Related Impacts (Reconciling Items)” in Citi’s Annual Reports on Form 10-K for the years ended December 31, 2025, 2024 and 2023, and "Legacy Franchises” in Citi’s Annual Report on Form 10-K for the year ended December 31, 2022 for additional information on divestiture-related impacts.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 14

ALL OTHER

Divestiture-Related Impacts

(Reconciling Items)⁽¹⁾

(In millions of dollars, except as otherwise noted)


																	Full		Full		Full		Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		Year		Year		Year		Year		Year
	2024		2024		2024		2024		2025		2025		2025		2025		2021		2022		2023		2024		2025

Net interest income	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Non-interest revenue⁽²⁾		(12)		33		1		4		-		(177)		2		(1)		(670)		854		1,346		26		(176)
Total revenues, net of interest expense		(12)		33		1		4		-		(177)		2		(1)		(670)		854		1,346		26		(176)
Total operating expenses^{(2)(3)(4)(5)(6)}		110		85		67		56		34		37		766		40		1,171		696		372		318		877
Net credit losses on loans		11		(3)		(1)		-		-		5		(3)		(2)		(6)		(156)		(6)		7		-
Credit reserve build (release) for loans		-		-		-		-		(11)		-		-		1		30		259		(61)		-		(10)
Provision (release) for credit losses on unfunded lending commitments		-		-		-		-		-		-		-		-		-		(27)		-		-		-
Provisions for benefits and claims (PBC), other assets and HTM debt securities		-		-		-		-		-		-		-		-		-		-		-		-		-
Provisions for credit losses and for PBC		11		(3)		(1)		-		(11)		5		(3)		(1)		24		76		(67)		7		(10)
Income (loss) from continuing operations before taxes		(133)		(49)		(65)		(52)		(23)		(219)		(761)		(40)		(1,865)		82		1,041		(299)		(1,043)
Income taxes (benefits)		(39)		(17)		(20)		(16)		(8)		(39)		16		70		(223)		266		382		(92)		39
Income (loss) from continuing operations		(94)		(32)		(45)		(36)		(15)		(180)		(777)		(110)		(1,642)		(184)		659		(207)		(1,082)
Income (loss) from discontinued operations, net of taxes		-		-		-		-		-		-		-		-		-		-		-		-		-
Noncontrolling interests		-		-		-		-		-		-		-		-		-		-		-		-		-
Net income (loss)	$	(94)	$	(32)	$	(45)	$	(36)	$	(15)	$	(180)	$	(777)	$	(110)	$	(1,642)	$	(184)	$	659	$	(207)	$	(1,082)

(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)

(3)	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.

(4)

(5)

(6)	4Q25 includes approximately $40 million in operating expenses (approximately $28 million after-tax), primarily related to separation costs in Mexico. For additional information, see Citi's Annual Report on Form 10-K for the year ended December 31, 2025.

Note:

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 14

END-OF-PERIOD LOANS⁽¹⁾⁽²⁾

(In billions of dollars)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Corporate loans by region
North America	$	126.7		$	127.5		$	127.8		$	126.7		$	129.2		$	129.8		$	125.9		$	127.8		$	125.1		$	121.7		$	123.0		$	128.9
International		163.8			168.5			167.7			164.5			180.1			171.9			162.5			161.4			163.2			164.3			165.6			171.3
Total corporate loans	$	290.5		$	296.0		$	295.5		$	291.2		$	309.3		$	301.7		$	288.4		$	289.2		$	288.3		$	286.0		$	288.6		$	300.2

Corporate loans by segment and reporting unit
Services	$	72.7		$	77.5		$	79.8		$	75.2		$	86.7		$	85.9		$	80.4		$	76.6		$	80.1		$	83.6		$	83.5		$	84.7
Markets		110.2			115.2			110.8			114.6			115.2			108.8			108.1			113.9			111.1			106.9			111.9			122.0
Banking		102.1			97.9			99.7			95.8			101.8			101.1			94.2			92.7			91.1			89.2			86.8			86.8
All Other–Legacy Franchises–Mexico SBMM & AFG⁽³⁾		5.5			5.4			5.2			5.6			5.6			5.9			5.7			6.0			6.0			6.3			6.4			6.7
Total corporate loans	$	290.5		$	296.0		$	295.5		$	291.2		$	309.3		$	301.7		$	288.4		$	289.2		$	288.3		$	286.0		$	288.6		$	300.2

Wealth by region
North America	$	122.8		$	125.2		$	124.4		$	124.5		$	125.9		$	128.1		$	132.8		$	132.8		$	135.2		$	138.3		$	141.1		$	142.7
International		57.1			57.8			58.0			58.3			55.9			54.0			51.6			50.8			50.9			50.9			49.4			49.8
Total	$	179.9		$	183.0		$	182.4		$	182.8		$	181.8		$	182.1		$	184.4		$	183.6		$	186.1		$	189.2		$	190.5		$	192.5

USCC
GPCC	$	94.3		$	97.8		$	98.7		$	105.3		$	102.6		$	108.8		$	111.4		$	119.7		$	115.8		$	122.1		$	124.8		$	132.3
PLCC		26.7			27.0			26.8			28.6			27.4			28.6			29.0			31.0			29.7			30.9			30.9			32.4
Installment Lending		0.8			0.8			1.0			1.2			1.5			1.9			2.4			2.6			2.8			2.9			3.1			3.3
Total	$	121.8		$	125.6		$	126.5		$	135.1		$	131.5		$	139.3		$	142.8		$	153.3		$	148.3		$	155.9		$	158.8		$	168.0

All Other—Consumer
Mexico Consumer	$	13.4		$	13.5		$	13.0		$	13.3		$	13.6		$	13.5		$	13.7		$	14.8		$	16.3		$	17.8		$	17.8		$	18.7
Asia Consumer⁽⁴⁾		54.0			53.5			42.9			41.1			19.5			17.3			13.4			13.3			10.0			9.1			8.0			7.4
Legacy Holdings Assets (LHA)		6.4			5.2			4.5			4.2			3.9			3.4			3.3			3.1			3.0			2.6			2.6			2.6
Total	$	73.8		$	72.2		$	60.4		$	58.6		$	37.0		$	34.2		$	30.4		$	31.2		$	29.3		$	29.5		$	28.4		$	28.7

Total consumer loans	$	375.5		$	380.8		$	369.3		$	376.5		$	350.3		$	355.6		$	357.6		$	368.1		$	363.7		$	374.6		$	377.7		$	389.2

Total loans—EOP	$	666.0		$	676.8		$	664.8		$	667.8		$	659.7		$	657.3		$	646.0		$	657.2		$	652.0		$	660.6		$	666.3		$	689.4

Total loans—average	$	666.0		$	670.3		$	668.5		$	667.4		$	648.6		$	657.5		$	654.7		$	652.5		$	653.7		$	653.6		$	662.3		$	674.7

NCLs as a % of total average loans		1.06%			0.79%			0.57%			0.51%			0.55%			0.52%			0.54%			0.72%			0.81%			0.92%			0.98%			1.17%

(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 USCC, 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)	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

END-OF-PERIOD LOANS⁽¹⁾⁽²⁾

(In billions of dollars)

		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2024			2024			2024			2024			2025			2025			2025			2025

Corporate loans by region
North America		$	122.9		$	129.6		$	127.5		$	130.8		$	138.7		$	146.5		$	150.1		$	155.2
International			169.9			172.0			172.3			170.6			177.0			183.1			185.2			188.5
Total corporate loans		$	292.8		$	301.6		$	299.8		$	301.4		$	315.7		$	329.6		$	335.3		$	343.7

Corporate loans by segment and reporting unit
Services		$	80.5		$	88.9		$	88.7		$	87.9		$	98.0		$	96.4		$	99.4		$	99.5
Markets			118.3			119.5			120.0			125.3			129.8			144.3			149.7			159.4
Banking			87.3			86.7			84.7			82.1			81.4			81.9			78.8			77.2
All Other–Legacy Franchises–Mexico SBMM & AFG⁽³⁾			6.7			6.5			6.4			6.1			6.5			7.0			7.4			7.6
Total corporate loans		$	292.8		$	301.6		$	299.8		$	301.4		$	315.7		$	329.6		$	335.3		$	343.7

Wealth by region
North America		$	142.2		$	143.6		$	145.4		$	144.8		$	144.9		$	147.3		$	148.2		$	150.2
International			48.9			49.5			51.2			49.5			50.6			52.7			53.5			54.1
Total		$	191.1		$	193.1		$	196.6		$	194.3		$	195.5		$	200.0		$	201.7		$	204.3

USCC
GPCC		$	128.2		$	132.1		$	132.4		$	139.0		$	132.9		$	136.8		$	137.7		$	143.2
PLCC			30.6			31.4			31.3			32.1			29.9			30.4			29.8			30.5
Installment Lending			3.4			3.5			3.8			3.8			3.7			3.7			3.8			3.8
Total		$	162.2		$	167.0		$	167.5		$	174.9		$	166.5		$	170.9		$	171.3		$	177.5

All Other—Consumer
Mexico Consumer		$	19.6		$	18.2		$	17.4		$	17.2		$	17.9		$	20.0		$	21.2		$	22.5
Asia Consumer⁽⁴⁾			6.5			5.6			5.5			4.7			4.5			3.0			2.7			2.5
Legacy Holdings Assets (LHA)			2.4			2.2			2.2			2.0			1.9			1.9			1.7			1.7
Total		$	28.5		$	26.0		$	25.1		$	23.9		$	24.3		$	24.9		$	25.6		$	26.7

Total consumer loans		$	381.8		$	386.1		$	389.2		$	393.1		$	386.3		$	395.8		$	398.6		$	408.5

Total loans—EOP		$	674.6		$	687.7		$	688.9		$	694.5		$	702.1		$	725.3		$	733.9		$	752.2

Total loans—average		$	678.8		$	679.6		$	686.5		$	688.0		$	690.7		$	712.2		$	725.0		$	736.7

NCLs as a % of total average loans			1.36%			1.35%			1.26%			1.30%			1.44%			1.26%			1.21%			1.18%

(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 USCC, 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)	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

END-OF-PERIOD DEPOSITS

(In billions of dollars)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Services, Markets, and Banking by region (Institutional)
North America		$	383.4		$	377.3		$	406.4		$	381.2		$	388.9		$	402.7		$	389.2		$	403.9		$	393.1		$	391.7		$	369.9		$	369.6
International			414.7			420.5			425.8			408.0			436.2			425.4			407.4			441.3			426.1			426.5			412.3			431.8
Total		$	798.1		$	797.8		$	832.2		$	789.2		$	825.1		$	828.1		$	796.6		$	845.2		$	819.2		$	818.2		$	782.2		$	801.4

Treasury and Trade Solutions		$	646.1		$	641.9		$	675.5		$	635.0		$	665.7		$	671.8		$	648.7		$	702.9		$	672.5		$	673.2		$	644.8		$	661.5
Securities Services			129.9			135.2			136.8			133.8			138.8			136.3			127.8			119.8			124.2			124.4			113.7			119.9
Services		$	776.0		$	777.1		$	812.3		$	768.8		$	804.5		$	808.1		$	776.5		$	822.7		$	796.7		$	797.6		$	758.5		$	781.4
Markets⁽¹⁾			20.6			19.3			18.8			19.4			19.5			18.8			18.7			20.8			21.2			19.7			22.8			19.3
Banking			1.5			1.4			1.1			1.0			1.1			1.2			1.4			1.7			1.3			0.9			0.9			0.7
Total		$	798.1		$	797.8		$	832.2		$	789.2		$	825.1		$	828.1		$	796.6		$	845.2		$	819.2		$	818.2		$	782.2		$	801.4

Wealth
North America		$	289.3		$	297.9		$	308.3		$	323.7		$	325.5		$	306.0		$	302.9		$	306.5		$	307.4		$	297.0		$	292.6		$	299.4
International			109.8			111.7			114.0			114.3			116.2			112.5			116.2			123.6			122.6			123.6			118.6			122.4
Total		$	399.1		$	409.6		$	422.3		$	438.0		$	441.7		$	418.5		$	419.1		$	430.1		$	430.0		$	420.6		$	411.2		$	421.8

All Other
Legacy Franchises
Mexico Consumer		$	24.0		$	24.2		$	23.3		$	24.8		$	24.9		$	26.6		$	26.9		$	28.3		$	29.1		$	30.6		$	29.6		$	31.9
Mexico SBMM—corporate			7.2			7.3			6.7			6.3			7.5			7.4			7.5			6.5			7.6			8.4			8.7			8.3
Asia Consumer⁽²⁾			54.6			54.0			46.6			43.3			17.5			17.2			14.6			14.5			14.4			12.2			10.8			9.5
Legacy Holdings Assets (LHA)⁽³⁾			7.2			7.4			7.7			8.0			9.9			9.1			8.2			7.7			6.9			6.2			5.1			4.1
Corporate/Other⁽¹⁾			10.8			10.0			8.7			7.6			7.1			14.9			33.6			33.7			23.3			23.7			25.9			31.7
Total		$	103.8		$	102.9		$	93.0		$	90.0		$	66.9		$	75.2		$	90.8		$	90.7		$	81.3		$	81.1		$	80.1		$	85.5

Total deposits—EOP		$	1,301.0		$	1,310.3		$	1,347.5		$	1,317.2		$	1,333.7		$	1,321.8		$	1,306.5		$	1,366.0		$	1,330.5		$	1,319.9		$	1,273.5		$	1,308.7

Total deposits—average		$	1,304.0		$	1,321.3		$	1,343.0		$	1,370.3		$	1,334.3		$	1,322.5		$	1,315.9		$	1,361.1		$	1,363.2		$	1,338.2		$	1,315.1		$	1,319.7

(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

END-OF-PERIOD DEPOSITS

(In billions of dollars)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2024			2024			2024			2024			2025			2025			2025			2025

Services, Markets, and Banking by region (Institutional)
North America		$	374.2		$	376.1		$	394.7		$	397.9		$	406.3		$	414.4		$	428.3		$	452.9
International			436.0			431.0			444.9			422.5			444.4			477.2			483.1			481.3
Total		$	810.2		$	807.1		$	839.6		$	820.4		$	850.7		$	891.6		$	911.4		$	934.2

Treasury and Trade Solutions		$	662.1		$	655.1		$	683.7		$	680.7		$	692.1		$	726.4		$	740.0		$	779.4
Securities Services			125.3			127.8			142.0			126.3			140.9			148.1			151.3			138.4
Services		$	787.4		$	782.9		$	825.7		$	807.0		$	833.0		$	874.5		$	891.3		$	917.8
Markets⁽¹⁾			22.1			23.7			13.4			12.8			17.2			16.7			19.3			16.0
Banking			0.7			0.5			0.5			0.6			0.5			0.4			0.8			0.4
Total		$	810.2		$	807.1		$	839.6		$	820.4		$	850.7		$	891.6		$	911.4		$	934.2

Wealth
North America		$	295.6		$	280.3		$	276.8		$	278.9		$	278.7		$	277.3		$	278.5		$	285.6
International			124.3			123.8			124.6			123.3			122.4			123.1			129.2			126.9
Total		$	419.9		$	404.1		$	401.4		$	402.2		$	401.1		$	400.4		$	407.7		$	412.5

All Other
Legacy Franchises
Mexico Consumer		$	31.8		$	28.6		$	26.1		$	26.0		$	25.6		$	28.5		$	29.7		$	33.3
Mexico SBMM—corporate			9.2			9.0			8.5			8.1			9.7			9.9			10.9			10.5
Asia Consumer⁽²⁾			9.0			8.3			8.4			7.5			7.4			1.5			1.3			1.1
Legacy Holdings Assets (LHA)⁽³⁾			2.9			1.9			0.4			0.2			0.1			0.1			0.1			0.1
Corporate/Other⁽¹⁾			24.2			19.1			25.6			20.1			21.8			25.7			22.8			11.9
Total		$	77.1		$	66.9		$	69.0		$	61.9		$	64.6		$	65.7		$	64.8		$	56.9

Total deposits—EOP		$	1,307.2		$	1,278.1		$	1,310.0		$	1,284.5		$	1,316.4		$	1,357.7		$	1,383.9		$	1,403.6

Total deposits—average		$	1,326.4		$	1,309.9		$	1,311.1		$	1,320.4		$	1,305.0		$	1,342.8		$	1,382.2		$	1,422.3

(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)


																				ACLL/EOP
		Balance		Builds (Releases)											YTD 2025		Balance			Loans
		12/31/24		1Q25		2Q25		3Q25		4Q25		YTD 2025			FX/Other⁽¹⁾		12/31/25			12/31/25

Allowance for credit losses on loans (ACLL)
Services		$	264	$	24	$	53	$	(4)	$	(18)	$	55		$	8	$	327
Markets			1,030		48		53		(44)		(73)		(16)			13		1,027
Banking			1,167		78		137		38		136		389			22		1,578
Legacy Franchises corporate (Mexico SBMM & AFG⁽²⁾)			95		4		16		(12)		6		14			12		121
Total corporate ACLL		$	2,556	$	154	$	259	$	(22)	$	51	$	442		$	55	$	3,053		0.91%
U.S. Cards⁽³⁾		$	13,560	$	(169)	$	(12)	$	44	$	(102)	$	(239)		$	3	$	13,324		7.67%
Installment lending			425		(5)		7		11		(15)		(2)			(1)		422
Total USCC		$	13,985	$	(174)	$	(5)	$	55	$	(117)	$	(241)		$	2	$	13,746
Wealth			673		64		(65)		(16)		6		(11)			7		669
All Other—consumer			1,360		58		54		28		70		210			209		1,779
Total consumer ACLL		$	16,018	$	(52)	$	(16)	$	67	$	(41)	$	(42)		$	218	$	16,194		3.96%
Total ACLL		$	18,574	$	102	$	243	$	45	$	10	$	400		$	273	$	19,247		2.58%
Allowance for credit losses on unfunded
lending commitments (ACLUC)		$	1,601	$	108	$	(19)	$	100	$	13	$	202		$	30	$	1,833
Total ACLL and ACLUC			20,175		210		224		145		23		602			303		21,080
Other⁽⁴⁾⁽⁵⁾			2,002		34		388		74		(17)		479			(2,188)		293
Total ACL		$	22,177	$	244	$	612	$	219	$	6	$	1,081		$	(1,885)	$	21,373

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

(5)	The decrease in the Other ACL at December 31, 2025, represents the held-for-sale accounting treatment for A.O. Citibank (Russia), wherein the assets and liabilities of A.O. Citibank were reclassified to Other assets and Other liabilities.

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)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023

Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	24,956	$	21,638	$	19,238	$	17,715	$	16,455	$	15,393	$	15,952	$	16,309	$	16,974	$	17,169	$	17,496	$	17,629
Adjustment to opening balance
Financial instruments—TDRs and Vintage Disclosures⁽¹⁰⁾		-		-		-		-		-		-		-		-		(352)		-		-		-
Adjusted ACLL at beginning of period		24,956		21,638		19,238		17,715		16,455		15,393		15,952		16,309		16,622		17,169		17,496		17,629
Gross credit (losses) on loans		(2,208)		(1,844)		(1,389)		(1,279)		(1,240)		(1,212)		(1,237)		(1,467)		(1,634)		(1,879)		(2,000)		(2,368)
Gross recoveries on loans		460		524		428		413		368		362		350		287		332		375		363		374
Net credit (losses) / recoveries on loans (NCLs)		(1,748)		(1,320)		(961)		(866)		(872)		(850)		(887)		(1,180)		(1,302)		(1,504)		(1,637)		(1,994)
Replenishment of NCLs		1,748		1,320		961		866		872		850		887		1,180		1,302		1,504		1,637		1,994
Net reserve builds / (releases) for loans		(3,227)		(2,446)		(1,149)		(1,176)		(612)		534		441		593		435		257		179		478
Provision for credit losses on loans (PCLL)		(1,479)		(1,126)		(188)		(310)		260		1,384		1,328		1,773		1,737		1,761		1,816		2,472
Other, net^{(1)(2)(3)(4)(5)(6)}		(91)		46		(374)		(84)		(450)		25		(84)		72		112		70		(46)		38
ACLL at end of period (a)	$	21,638	$	19,238	$	17,715	$	16,455	$	15,393	$	15,952	$	16,309	$	16,974	$	17,169	$	17,496	$	17,629	$	18,145
Allowance for credit losses on unfunded lending commitments (ACLUC)⁽⁷⁾ (a)	$	2,012	$	2,073	$	2,063	$	1,871	$	2,343	$	2,193	$	2,089	$	2,151	$	1,959	$	1,862	$	1,806	$	1,728

Provision (release) for credit losses on unfunded lending commitments	$	(626)	$	44	$	(13)	$	(193)	$	474	$	(159)	$	(71)	$	47	$	(194)	$	(96)	$	(54)	$	(81)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]	$	23,650	$	21,311	$	19,778	$	18,326	$	17,736	$	18,145	$	18,398	$	19,125	$	19,128	$	19,358	$	19,435	$	19,873

Total ACLL as a % of total loans⁽⁸⁾		3.29%		2.88%		2.69%		2.49%		2.35%		2.44%		2.54%		2.60%		2.65%		2.67%		2.68%		2.66%
Total NCLs (annualized) as a % of average loans		1.06%		0.79%		0.57%		0.51%		0.55%		0.52%		0.54%		0.72%		0.81%		0.92%		0.98%		1.17%

Consumer
ACLL at beginning of period	$	20,180	$	18,096	$	16,566	$	15,105	$	14,040	$	12,368	$	12,983	$	13,361	$	14,119	$	14,389	$	14,866	$	14,912
Adjustment to opening balance
Financial instruments—TDRs and Vintage Disclosures⁽¹⁰⁾		-		-		-		-		-		-		-		-		(352)		-		-		-
Adjusted ACLL at beginning of period		20,180		18,096		16,566		15,105		14,040		12,368		12,983		13,361		13,767		14,389		14,866		14,912

NCLs		(1,563)		(1,243)		(922)		(781)		(841)		(827)		(881)		(1,062)		(1,280)		(1,429)		(1,579)		(1,899)
Replenishment of NCLs		1,563		1,243		922		781		841		827		881		1,062		1,280		1,429		1,579		1,899
Net reserve builds / (releases) for loans		(2,000)		(1,583)		(1,102)		(983)		(1,213)		613		400		717		520		409		77		472
Provision for credit losses on loans (PCLL)		(437)		(340)		(180)		(202)		(372)		1,440		1,281		1,779		1,800		1,838		1,656		2,371
Other, net^{(1)(2)(3)(4)(5)(6)}		(84)		53		(359)		(82)		(459)		2		(22)		41		102		68		(31)		47
ACLL at end of period (b)	$	18,096	$	16,566	$	15,105	$	14,040	$	12,368	$	12,983	$	13,361	$	14,119	$	14,389	$	14,866	$	14,912	$	15,431

Consumer ACLUC⁽⁷⁾ (b)	$	42	$	44	$	35	$	29	$	139	$	165	$	143	$	120	$	101	$	88	$	65	$	62

Provision (release) for credit losses on unfunded lending commitments	$	(15)	$	1	$	(9)	$	(5)	$	109	$	19	$	(8)	$	(20)	$	(17)	$	(4)	$	(20)	$	(5)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]	$	18,138	$	16,610	$	15,140	$	14,069	$	12,507	$	13,148	$	13,504	$	14,239	$	14,490	$	14,954	$	14,977	$	15,493

Consumer ACLL as a % of total consumer loans		4.82%		4.35%		4.09%		3.73%		3.53%		3.65%		3.74%		3.84%		3.96%		3.97%		3.95%		3.97%
Consumer NCLs (annualized) as a % of average loans		1.68%		1.32%		0.98%		0.83%		0.97%		0.94%		0.98%		1.17%		1.43%		1.56%		1.67%		1.98%

Corporate
ACLL at beginning of period	$	4,776	$	3,542	$	2,672	$	2,610	$	2,415	$	3,025	$	2,969	$	2,948	$	2,855	$	2,780	$	2,630	$	2,717

NCLs		(185)		(77)		(39)		(85)		(31)		(23)		(6)		(118)		(22)		(75)		(58)		(95)
Replenishment of NCLs		185		77		39		85		31		23		6		118		22		75		58		95
Net reserve builds / (releases) for loans		(1,227)		(863)		(47)		(193)		601		(79)		41		(124)		(85)		(152)		102		6
Provision for credit losses on loans (PCLL)		(1,042)		(786)		(8)		(108)		632		(56)		47		(6)		(63)		(77)		160		101
Other, net⁽¹⁾		(7)		(7)		(15)		(2)		9		23		(62)		31		10		2		(15)		(9)
ACLL at end of period (c)	$	3,542	$	2,672	$	2,610	$	2,415	$	3,025	$	2,969	$	2,948	$	2,855	$	2,780	$	2,630	$	2,717	$	2,714

Corporate ACLUC⁽⁷⁾ (c)	$	1,970	$	2,029	$	2,028	$	1,842	$	2,204	$	2,028	$	1,946	$	2,031	$	1,858	$	1,774	$	1,741	$	1,666

Provision (release) for credit losses on unfunded lending commitments	$	(611)	$	43	$	(4)	$	(188)	$	365	$	(178)	$	(63)	$	67	$	(177)	$	(92)	$	(34)	$	(76)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]	$	5,512	$	4,701	$	4,638	$	4,257	$	5,229	$	4,997	$	4,894	$	4,886	$	4,638	$	4,404	$	4,458	$	4,380

Corporate ACLL as a % of total corporate loans⁽⁹⁾		1.25%		0.93%		0.91%		0.85%		1.00%		1.00%		1.04%		1.01%		0.98%		0.94%		0.97%		0.93%
Corporate NCLs (annualized) as a % of average loans		0.26%		0.11%		0.05%		0.11%		0.04%		0.03%		0.01%		0.16%		0.03%		0.11%		0.08%		0.13%

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

Page 19

ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) AND
UNFUNDED LENDING COMMITMENTS (ACLUC)

Page 1

(In millions of dollars)


																	Full		Full		Full		Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		Year		Year		Year		Year		Year
	2024		2024		2024		2024		2025		2025		2025		2025		2021		2022		2023		2024		2025

Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	18,145	$	18,296	$	18,216	$	18,356	$	18,574	$	18,726	$	19,123	$	19,206	$	24,956	$	16,455	$	16,974	$	18,145	$	18,574
Adjustment to opening balance
Financial instruments—TDRs and Vintage Disclosures⁽¹⁰⁾		-		-		-		-		-		-		-		-		-		-		(352)		-		-
Adjusted ACLL at beginning of period		18,145		18,296		18,216		18,356		18,574		18,726		19,123		19,206		24,956		16,455		16,622		18,145		18,574
Gross credit (losses) on loans		(2,690)		(2,715)		(2,609)		(2,680)		(2,926)		(2,723)		(2,726)		(2,724)		(6,720)		(5,156)		(7,881)		(10,694)		(11,099)
Gross recoveries on loans		387		432		437		438		467		489		512		534		1,825		1,367		1,444		1,694		2,002
Net credit (losses) / recoveries on loans (NCLs)		(2,303)		(2,283)		(2,172)		(2,242)		(2,459)		(2,234)		(2,214)		(2,190)		(4,895)		(3,789)		(6,437)		(9,000)		(9,097)
Replenishment of NCLs		2,303		2,283		2,172		2,242		2,459		2,234		2,214		2,190		4,895		3,789		6,437		9,000		9,097
Net reserve builds / (releases) for loans		119		76		210		321		102		243		45		10		(7,998)		956		1,349		726		400
Provision for credit losses on loans (PCLL)		2,422		2,359		2,382		2,563		2,561		2,477		2,259		2,200		(3,103)		4,745		7,786		9,726		9,497
Other, net^{(1)(2)(3)(4)(5)(6)}		32		(156)		(70)		(103)		50		154		38		31		(503)		(437)		174		(297)		273
ACLL at end of period (a)	$	18,296	$	18,216	$	18,356	$	18,574	$	18,726	$	19,123	$	19,206	$	19,247	$	16,455	$	16,974	$	18,145	$	18,574	$	19,247
Allowance for credit losses on unfunded lending
commitments (ACLUC)⁽⁷⁾ (a)	$	1,629	$	1,619	$	1,725	$	1,601	$	1,720	$	1,721	$	1,820	$	1,833	$	1,871	$	2,151	$	1,728	$	1,601	$	1,833

Provision (release) for credit losses on unfunded lending commitments	$	(98)	$	(8)	$	105	$	(118)	$	108	$	(19)	$	100	$	13	$	(788)	$	291	$	(425)	$	(119)	$	202

Total allowance for credit losses on loans, leases and
unfunded lending commitments [sum of (a)]	$	19,925	$	19,835	$	20,081	$	20,175	$	20,446	$	20,844	$	21,026	$	21,080	$	18,326	$	19,125	$	19,873	$	20,175	$	21,080

Total ACLL as a % of total loans⁽⁸⁾		2.75%		2.68%		2.70%		2.71%		2.70%		2.67%		2.65%		2.58%
Total NCLs (annualized) as a % of average loans		1.36%		1.35%		1.26%		1.30%		1.44%		1.26%		1.21%		1.18%		0.73%		0.58%		0.97%		1.32%		1.27%

Consumer
ACLL at beginning of period	$	15,431	$	15,524	$	15,732	$	15,765	$	16,018	$	16,001	$	16,100	$	16,205	$	20,180	$	14,040	$	14,119	$	15,431	$	16,018
Adjustment to opening balance
Financial instruments—TDRs and Vintage Disclosures⁽¹⁰⁾		-		-		-		-		-		-		-		-		-		-		(352)		-		-
Adjusted ACLL at beginning of period		15,431		15,524		15,732		15,765		16,018		16,001		16,100		16,205		20,180		14,040		13,767		15,431		16,018

NCLs		(2,139)		(2,175)		(2,098)		(2,191)		(2,277)		(2,185)		(2,122)		(2,148)		(4,509)		(3,611)		(6,187)		(8,603)		(8,732)
Replenishment of NCLs		2,139		2,175		2,098		2,191		2,277		2,185		2,122		2,148		4,509		3,611		6,187		8,603		8,732
Net reserve builds / (releases) for loans		62		350		107		337		(52)		(16)		67		(41)		(5,668)		517		1,478		856		(42)
Provision for credit losses on loans (PCLL)		2,201		2,525		2,205		2,528		2,225		2,169		2,189		2,107		(1,159)		4,128		7,665		9,459		8,690
Other, net^{(1)(2)(3)(4)(5)(6)}		31		(142)		(74)		(84)		35		115		38		30		(472)		(438)		186		(269)		218
ACLL at end of period (b)	$	15,524	$	15,732	$	15,765	$	16,018	$	16,001	$	16,100	$	16,205	$	16,194	$	14,040	$	14,119	$	15,431	$	16,018	$	16,194

Consumer ACLUC⁽⁷⁾ (b)	$	46	$	42	$	39	$	34	$	31	$	24	$	20	$	24	$	29	$	120	$	62	$	34	$	24

Provision (release) for credit losses on unfunded lending commitments	$	(15)	$	(4)	$	(4)	$	(2)	$	(3)	$	(1)	$	(4)	$	3	$	(28)	$	100	$	(46)	$	(25)	$	(5)

Total allowance for credit losses on loans, leases and
unfunded lending commitments [sum of (b)]	$	15,570	$	15,774	$	15,804	$	16,052	$	16,032	$	16,124	$	16,225	$	16,218	$	14,069	$	14,239	$	15,493	$	16,052	$	16,218

Consumer ACLL as a % of total consumer loans		4.07%		4.08%		4.05%		4.08%		4.14%		4.07%		4.07%		3.96%
Consumer NCLs (annualized) as a % of average loans		2.25%		2.28%		2.16%		2.24%		2.39%		2.25%		2.12%		2.12%		1.20%		1.02%		1.66%		2.24%		2.22%

Corporate
ACLL at beginning of period	$	2,714	$	2,772	$	2,484	$	2,591	$	2,556	$	2,725	$	3,023	$	3,001	$	4,776	$	2,415	$	2,855	$	2,714	$	2,556

NCLs		(164)		(108)		(74)		(51)		(182)		(49)		(92)		(42)		(386)		(178)		(250)		(397)		(365)
Replenishment of NCLs		164		108		74		51		182		49		92		42		386		178		250		397		365
Net reserve builds / (releases) for loans		57		(274)		103		(16)		154		259		(22)		51		(2,330)		439		(129)		(130)		442
Provision for credit losses on loans (PCLL)		221		(166)		177		35		336		308		70		93		(1,944)		617		121		267		807
Other, net⁽¹⁾		1		(14)		4		(19)		15		39		-		1		(31)		1		(12)		(28)		55
ACLL at end of period (c)	$	2,772	$	2,484	$	2,591	$	2,556	$	2,725	$	3,023	$	3,001	$	3,053	$	2,415	$	2,855	$	2,714	$	2,556	$	3,053

Corporate ACLUC⁽⁷⁾ (c)	$	1,583	$	1,577	$	1,686	$	1,567	$	1,689	$	1,697	$	1,800	$	1,809	$	1,842	$	2,031	$	1,666	$	1,567	$	1,809

Provision (release) for credit losses on unfunded lending commitments	$	(83)	$	(4)	$	109	$	(116)	$	111	$	(18)	$	104	$	10	$	(760)	$	191	$	(379)	$	(94)	$	207

Total allowance for credit losses on loans, leases and
unfunded lending commitments [sum of (c)]	$	4,355	$	4,061	$	4,277	$	4,123	$	4,414	$	4,720	$	4,801	$	4,862	$	4,257	$	4,886	$	4,380	$	4,123	$	4,862

Corporate ACLL as a % of total corporate loans⁽⁹⁾		0.98%		0.85%		0.89%		0.87%		0.89%		0.94%		0.92%		0.91%
Corporate NCLs (annualized) as a % of average loans		0.22%		0.15%		0.10%		0.07%		0.24%		0.06%		0.11%		0.05%		0.13%		0.06%		0.09%		0.13%		0.11%

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

Page 19

NON-ACCRUAL ASSETS

(In millions of dollars)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023

Corporate non-accrual loans by region⁽¹⁾
North America	$	1,211	$	895	$	923	$	510	$	462	$	304	$	276	$	138	$	285	$	358	$	934	$	978
International		1,505		1,355		1,196		1,043		1,404		1,351		1,209		984		928		903		1,041		904
Total	$	2,716	$	2,250	$	2,119	$	1,553	$	1,866	$	1,655	$	1,485	$	1,122	$	1,213	$	1,261	$	1,975	$	1,882

Corporate non-accrual loans⁽¹⁾
Banking	$	2,174	$	1,740	$	1,579	$	1,166	$	1,210	$	997	$	1,072	$	757	$	833	$	798	$	953	$	799
Services		84		81		74		70		297		353		185		153		133		123		94		103
Markets		162		105		154		71		111		19		3		3		38		133		735		791
Mexico SBMM & AFG		296		324		312		246		248		286		225		209		209		207		193		189
Total	$	2,716	$	2,250	$	2,119	$	1,553	$	1,866	$	1,655	$	1,485	$	1,122	$	1,213	$	1,261	$	1,975	$	1,882

Consumer non-accrual loans⁽¹⁾
Wealth	$	812	$	708	$	635	$	677	$	583	$	536	$	577	$	534	$	600	$	525	$	553	$	564
USCC		5		3		2		3		3		-		5		7		8		11		14		15
Mexico Consumer		720		612		549		524		512		493		486		457		480		498		463		479
Asia Consumer⁽²⁾		292		303		259		209		38		34		33		30		29		24		25		22
Legacy Holdings Assets—Consumer		545		506		425		413		381		317		300		289		278		263		247		235
Total	$	2,374	$	2,132	$	1,870	$	1,826	$	1,517	$	1,380	$	1,401	$	1,317	$	1,395	$	1,321	$	1,302	$	1,315

Total non-accrual loans (NAL)	$	5,090	$	4,382	$	3,989	$	3,379	$	3,383	$	3,035	$	2,886	$	2,439	$	2,608	$	2,582	$	3,277	$	3,197

Other real estate owned (OREO)⁽³⁾	$	43	$	33	$	21	$	27	$	26	$	13	$	16	$	15	$	21	$	31	$	37	$	36


NAL as a percentage of total loans		0.76%		0.65%		0.60%		0.51%		0.51%		0.46%		0.45%		0.37%		0.40%		0.39%		0.49%		0.46%

ACLL as a percentage of NAL		425%		439%		444%		487%		455%		526%		565%		696%		658%		678%		538%		568%

(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

NON-ACCRUAL ASSETS

(In millions of dollars)

	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2024		2024		2024		2024		2025		2025		2025		2025

Corporate non-accrual loans by region⁽¹⁾
North America	$	874	$	456	$	459	$	757	$	822	$	953	$	1,280	$	1,145
International		615		542		485		620		554		769		791		856
Total	$	1,489	$	998	$	944	$	1,377	$	1,376	$	1,722	$	2,071	$	2,001

Corporate non-accrual loans⁽¹⁾
Banking	$	606	$	462	$	348	$	498	$	510	$	502	$	820	$	919
Services		27		30		96		65		110		134		187		337
Markets		686		362		390		715		631		932		926		622
Mexico SBMM & AFG		170		144		110		99		125		154		138		123
Total	$	1,489	$	998	$	944	$	1,377	$	1,376	$	1,722	$	2,071	$	2,001

Consumer non-accrual loans⁽¹⁾
Wealth	$	551	$	572	$	557	$	673	$	702	$	945	$	886	$	847
USCC		15		16		19		21		18		21		22		22
Mexico Consumer		465		425		415		411		416		485		526		585
Asia Consumer⁽²⁾		23		22		21		19		20		16		16		15
Legacy Holdings Assets—Consumer		227		217		210		186		172		165		157		149
Total	$	1,281	$	1,252	$	1,222	$	1,310	$	1,328	$	1,632	$	1,607	$	1,618

Total non-accrual loans (NAL)	$	2,770	$	2,250	$	2,166	$	2,687	$	2,704	$	3,354	$	3,678	$	3,619

Other real estate owned (OREO)⁽³⁾	$	26	$	27	$	25	$	18	$	21	$	26	$	29	$	22


NAL as a percentage of total loans		0.41%		0.33%		0.31%		0.39%		0.39%		0.46%		0.50%		0.48%

ACLL as a percentage of NAL		661%		810%		847%		691%		693%		570%		522%		532%

(1)

(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

(In millions of dollars or shares, except ratios)


			Mar. 31,			Jun. 30,			Sep. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sep. 30,			Dec. 31,			Mar. 31,			Jun. 30,
CET1 Capital and Ratio and Components⁽¹⁾			2021			2021			2021			2021			2022			2022			2022			2022			2023			2023
Citigroup common stockholders' equity⁽³⁾		$	182,402		$	184,289		$	183,005		$	183,108		$	178,845		$	180,150		$	179,696		$	182,325		$	188,186		$	188,610
Add: qualifying noncontrolling interests			132			138			136			143			126			129			113			128			207			209
Regulatory capital adjustments and deductions:
Add:
CECL transition provision⁽⁴⁾			4,359			3,774			3,389			3,028			2,271			2,271			2,271			2,271			1,514			1,514
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax			1,037			864			663			101			(1,440)			(2,106)			(2,869)			(2,522)			(2,161)			(1,990)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax			(1,172)			(1,258)			(1,317)			(896)			27			2,145			3,211			1,441			1,037			307
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁵⁾			20,854			20,999			20,689			20,619			20,120			19,504			18,796			19,007			18,844			18,933
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs			4,054			3,986			3,899			3,800			3,698			3,599			3,492			3,411			3,607			3,531
Defined benefit pension plan net assets and other			1,485			2,040			2,068			2,080			2,230			2,038			1,932			1,935			1,999			2,020
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards⁽⁶⁾			11,691			11,192			10,897			11,270			11,701			11,679			11,690			12,197			11,783			11,461

Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs⁽⁶⁾⁽⁸⁾			-			-			-			-			1,157			798			1,261			325			1,045			1,828
CET1 Capital		$	148,944		$	150,378		$	149,631		$	149,305		$	143,749		$	144,893		$	144,567		$	148,930		$	153,753		$	154,243
Risk-Weighted Assets (RWA)⁽⁴⁾		$	1,260,080		$	1,271,046		$	1,284,316		$	1,219,175		$	1,263,298		$	1,217,459		$	1,176,749		$	1,142,985		$	1,144,359		$	1,153,450
CET1 Capital ratio (CET1/RWA)			11.82%			11.83%			11.65%			12.25%			11.38%			11.90%			12.29%			13.03%			13.44%			13.37%

Supplementary Leverage Ratio and Components
CET1⁽⁴⁾		$	148,944		$	150,378		$	149,631		$	149,305		$	143,749		$	144,893		$	144,567		$	148,930		$	153,753		$	154,243
Additional Tier 1 Capital (AT1)⁽⁷⁾			21,540			19,258			19,271			20,263			20,266			20,266			20,263			20,215			21,496			21,500
Total Tier 1 Capital (T1C) (CET1 + AT1)		$	170,484		$	169,636		$	168,902		$	169,568		$	164,015		$	165,159		$	164,830		$	169,145		$	175,249		$	175,743
Total Leverage Exposure (TLE)⁽⁴⁾		$	2,450,412		$	2,903,655		$	2,911,050		$	2,957,764		$	2,939,533		$	2,935,289		$	2,888,535		$	2,906,773		$	2,939,744		$	2,943,546
Supplementary Leverage ratio (T1C/TLE)⁽⁴⁾			6.96%			5.84%			5.80%			5.73%			5.58%			5.63%			5.71%			5.82%			5.96%			5.97%

(1)	See footnote 2 on page 1.

(2)

Not used.

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

(4)	See footnote 3 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.

Reclassified to conform to the current period's presentation.

Page 22

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

(In millions of dollars or shares, except ratios)


			Sep. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sep. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sep. 30,			Dec. 31,
CET1 Capital and Ratio and Components⁽¹⁾			2023			2023			2024			2024			2024			2024			2025			2025			2025			2025
Citigroup common stockholders' equity⁽³⁾		$	190,134		$	187,937		$	189,059		$	190,283		$	192,796		$	190,815		$	194,125		$	196,931		$	194,038		$	192,304
Add: qualifying noncontrolling interests			193			153			159			153			168			186			192			200			217			226
Regulatory capital adjustments and deductions:
Add:
CECL transition provision⁽⁴⁾			1,514			1,514			757			757			757			757			-			-			-			-
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax			(1,259)			(1,406)			(914)			(629)			(773)			(220)			(213)			(141)			(116)			10
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax			625			(410)			(1,031)			(760)			(906)			(910)			(32)			(408)			(1,443)			(1,919)
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁵⁾			18,552			18,778			18,647			18,315			18,397			17,994			18,122			18,524			17,876			18,482
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs			3,444			3,349			3,258			3,138			3,061			3,357			3,291			3,236			3,169			3,135
Defined benefit pension plan net assets and other			1,340			1,317			1,386			1,425			1,447			1,504			1,532			1,610			1,725			1,822
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards⁽⁶⁾			11,219			12,075			11,936			11,695			11,318			11,628			11,517			11,163			10,807			10,784
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs⁽⁶⁾⁽⁸⁾			1,786			2,306			3,551			3,652			3,071			3,042			4,261			4,204			3,757			3,117
CET1 Capital		$	156,134		$	153,595		$	153,142		$	154,357		$	158,106		$	155,363		$	155,839		$	158,943		$	158,480		$	157,099
Risk-Weighted Assets (RWA)⁽⁴⁾		$	1,148,550		$	1,148,608		$	1,138,546		$	1,135,750		$	1,153,150		$	1,139,988		$	1,162,306		$	1,178,756		$	1,194,274		$	1,192,174
CET1 Capital ratio (CET1/RWA)			13.59%			13.37%			13.45%			13.59%			13.71%			13.63%			13.41%			13.48%			13.27%			13.18%

Supplementary Leverage Ratio and Components
CET1⁽⁴⁾		$	156,134		$	153,595		$	153,142		$	154,357		$	158,106		$	155,363		$	155,839		$	158,943		$	158,480		$	157,099
Additional Tier 1 Capital (AT1)⁽⁷⁾			20,744			18,909			18,923			19,426			17,682			19,164			19,675			17,676			20,313			22,576
Total Tier 1 Capital (T1C) (CET1 + AT1)		$	176,878		$	172,504		$	172,065		$	173,783		$	175,788		$	174,527		$	175,514		$	176,619		$	178,793		$	179,675
Total Leverage Exposure (TLE)⁽⁴⁾		$	2,927,392		$	2,964,954		$	2,948,323		$	2,949,534		$	3,005,709		$	2,985,418		$	3,033,450		$	3,195,323		$	3,236,413		$	3,276,212
Supplementary Leverage ratio (T1C/TLE)⁽⁴⁾			6.04%			5.82%			5.84%			5.89%			5.85%			5.85%			5.79%			5.53%			5.52%			5.48%

(1)	See footnote 2 on page 1.

(2)

Not used.

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

(4)	See footnote 3 on page 1.

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

(6)

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

(8)

Reclassified to conform to the current period's presentation.

Page 22

TANGIBLE COMMON EQUITY, COMMON EQUITY, BOOK VALUE

PER SHARE, TANGIBLE BOOK VALUE PER SHARE (TBVPS),

RETURNS ON COMMON EQUITY (RoCE) AND

TANGIBLE COMMON EQUITY (RoTCE)

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


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common stockholders’ equity		$	182,269		$	184,164		$	182,880		$	182,977		$	178,714		$	180,019		$	179,565		$	182,194		$	188,050		$	188,474		$	190,008		$	187,853
Less:
Goodwill			21,905			22,060			21,573			21,299			19,865			19,597			19,326			19,691			19,882			19,998			19,829			20,098
Identifiable Intangible assets (other than MSRs)			4,308			4,268			4,144			4,091			4,002			3,926			3,838			3,763			3,974			3,895			3,811			3,730
Goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS			-			-			257			510			1,384			1,081			794			589			246			246			49			-
Tangible common equity (TCE)⁽¹⁾		$	156,056		$	157,836		$	156,906		$	157,077		$	153,463		$	155,415		$	155,607		$	158,151		$	163,948		$	164,335		$	166,319		$	164,025
Common shares outstanding (CSO)			2,067.0			2,026.8			1,984.3			1,984.4			1,941.9			1,936.7			1,936.9			1,937.0			1,946.8			1,925.7			1,913.9			1,903.1
Book value per share (common equity/CSO)		$	88.18		$	90.86		$	92.16		$	92.21		$	92.03		$	92.95		$	92.71		$	94.06		$	96.59		$	97.87		$	99.28		$	98.71
Tangible book value per share (TCE/CSO)⁽¹⁾		$	75.50		$	77.87		$	79.07		$	79.16		$	79.03		$	80.25		$	80.34		$	81.65		$	84.21		$	85.34		$	86.90		$	86.19

Return on Common Equity and Return on Tangible Common Equity (RoTCE)

Net income (loss)		$	7,942		$	6,193		$	4,644		$	3,173		$	4,306		$	4,547		$	3,479		$	2,513		$	4,606		$	2,915		$	3,546		$	(1,839)
Preferred dividends			292			253			266			229			279			238			277			238			277			288			333			300
Net income (loss) available to common shareholders			7,650			5,940			4,378			2,944			4,027			4,309			3,202			2,275			4,329			2,627			3,213			(2,139)
Average common stockholders’ equity			180,421			183,230			183,613			182,419			181,169			178,981			179,699			180,523			184,107			188,214			189,158			189,440
Less:
Average Goodwill and Intangibles			25,698			26,284			26,242			25,427			25,899			24,542			24,188			23,644			23,057			24,072			23,831			24,268
Average TCE		$	154,723		$	156,946		$	157,371		$	156,992		$	155,270		$	154,439		$	155,511		$	156,879		$	161,050		$	164,142		$	165,327		$	165,172

Return on average common stockholders’ equity (RoCE)			17.2%			13.0%			9.5%			6.4%			9.0%			9.7%			7.1%			5.0%			9.5%			5.6%			6.7%			-4.5%
RoTCE			20.1%			15.2%			11.0%			7.4%			10.5%			11.2%			8.2%			5.8%			10.9%			6.4%			7.7%			-5.1%

Average TCE (in billions of dollars)⁽¹⁾⁽²⁾
Services		$	23.9		$	23.9		$	23.9		$	23.9		$	30.3		$	30.3		$	30.3		$	30.3		$	31.5		$	31.5		$	31.5		$	31.5
Markets			44.9			44.9			44.9			44.9			55.2			55.2			55.2			55.2			56.9			56.9			56.9			56.9
Banking			20.2			20.2			20.2			20.2			10.2			10.2			10.2			10.2			8.9			8.9			8.9			8.9
Wealth			17.2			17.2			17.2			17.2			18.2			18.2			18.2			18.2			17.2			17.2			17.2			17.2
USCC			16.7			16.7			16.7			16.7			16.4			16.4			16.4			16.4			18.1			18.1			18.1			18.1
All Other			31.8			34.0			34.5			34.1			25.0			24.1			25.2			26.6			28.5			31.5			32.7			32.6
Total Citi average TCE		$	154.7		$	156.9		$	157.4		$	157.0		$	155.3		$	154.4		$	155.5		$	156.9		$	161.1		$	164.1		$	165.3		$	165.2
Add:
Average goodwill		$	23.5		$	22.0		$	21.9		$	20.9		$	21.0		$	19.4		$	19.4		$	19.1		$	18.7		$	20.0		$	19.9		$	20.4
Average intangible assets (other than MSRs)			2.2			4.3			4.2			4.1			4.0			4.0			3.9			3.8			3.9			3.9			3.9			3.8
Average goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS			-			-			0.1			0.4			0.9			1.2			0.9			0.7			0.4			0.2			0.1			-
Total Citi average common stockholders’ equity (in billions of dollars)		$	180.4		$	183.2		$	183.6		$	182.4		$	181.2		$	179.0		$	179.7		$	180.5		$	184.1		$	188.2		$	189.2		$	189.4


Income (loss) available to common shareholders (in billions of dollars)⁽³⁾
Services		$	0.9		$	1.0		$	0.9		$	0.9		$	0.7		$	1.5		$	1.6		$	1.5		$	1.4		$	1.4		$	1.5		$	0.8
Markets			2.9			1.6			1.4			0.7			2.5			1.9			0.9			0.9			1.9			1.2			1.1			(0.1)
Banking			1.7			0.9			0.8			0.8			(0.4)			0.6			(0.2)			(0.2)			(0.1)			(0.1)			-			(0.3)
Wealth			0.6			0.5			0.5			0.1			0.2			-			-			(0.1)			(0.1)			(0.1)			-			(0.1)
USCC			1.9			1.4			1.6			1.6			1.8			0.6			0.9			0.3			0.7			0.7			0.9			0.3
All Other-managed basis⁽³⁾			(0.3)			0.5			(0.2)			(0.1)			(0.2)			(0.3)			(0.3)			(0.2)			(0.1)			(0.4)			(0.5)			(2.6)
Reconciling Items-divestiture-related impacts⁽⁴⁾			-			-			(0.6)			(1.1)			(0.6)			-			0.3			0.1			0.6			(0.1)			0.2			(0.1)
Total Citi income (loss) available to common shareholders⁽³⁾		$	7.7		$	5.9		$	4.4		$	2.9		$	4.0		$	4.3		$	3.2		$	2.3		$	4.3		$	2.6		$	3.2		$	(2.1)


RoTCE⁽¹⁾
Services			15.5%			17.0%			15.2%			15.7%			8.8%			20.3%			21.3%			19.3%			18.4%			17.2%			18.6%			10.2%
Markets			26.3%			14.7%			12.5%			6.1%			18.3%			13.5%			6.7%			6.3%			13.3%			8.6%			7.3%			(0.5%)
Banking			34.4%			18.2%			15.0%			15.0%			(14.6%)			21.6%			(8.0%)			(7.7%)			(6.2%)			(6.4%)			(1.6%)			(14.8%)
Wealth			15.1%			11.9%			10.4%			2.5%			4.0%			0.8%			0.6%			(1.9%)			(1.6%)			(3.2%)			(0.6%)			(2.7%)
USCC			46.9%			33.4%			37.1%			38.3%			44.4%			15.2%			20.9%			8.1%			14.6%			15.1%			20.0%			7.4%
All Other-managed basis⁽³⁾			(5.8%)			5.5%			(1.7%)			(1.3%)			(2.2%)			(5.4%)			(4.7%)			(3.5%)			(1.0%)			(3.1%)			(4.6%)			(32.3%)
Reconciling Items-divestiture-related impacts⁽⁴⁾			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total Citi RoTCE			20.1%			15.2%			11.0%			7.4%			10.5%			11.2%			8.2%			5.8%			10.9%			6.4%			7.7%			(5.1%)

Page 23

TANGIBLE COMMON EQUITY, COMMON EQUITY, BOOK VALUE

PER SHARE, TANGIBLE BOOK VALUE PER SHARE (TBVPS),

RETURNS ON COMMON EQUITY (RoCE) AND

TANGIBLE COMMON EQUITY (RoTCE)

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


																									Full			Full			Full			Full		Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q		Year			Year			Year			Year		Year
		2024			2024			2024			2024			2025			2025			2025			2025		2021			2022			2023			2024		2025

Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common stockholders’ equity		$	188,985		$	190,210		$	192,733		$	190,748		$	194,058		$	196,872		$	193,973		$	192,241
Less:
Goodwill			20,042			19,704			19,691			19,300			19,422			19,878			19,126			19,098
Identifiable Intangible assets (other than MSRs)			3,636			3,517			3,438			3,734			3,679			3,639			3,582			3,525
Goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS			-			-			16			16			16			16			-			-
Tangible common equity (TCE)⁽¹⁾		$	165,307		$	166,989		$	169,588		$	167,698		$	170,941		$	173,339		$	171,265		$	169,618
Common shares outstanding (CSO)			1,907.4			1,907.8			1,891.3			1,877.1			1,867.7			1,840.9			1,789.3			1,747.5
Book value per share (common equity/CSO)		$	99.08		$	99.70		$	101.91		$	101.62		$	103.90		$	106.94		$	108.41		$	110.01
Tangible book value per share (TCE/CSO)⁽¹⁾		$	86.67		$	87.53		$	89.67		$	89.34		$	91.52		$	94.16		$	95.72		$	97.06

Return on Common Equity and Return on Tangible Common Equity (RoTCE)

Net income (loss)		$	3,371		$	3,217		$	3,238		$	2,856		$	4,064		$	4,019		$	3,752		$	2,471	$	21,952		$	14,845		$	9,228		$	12,682	$	14,306
Preferred dividends			279			242			277			256			269			287			274			284		1,040			1,032			1,198			1,054		1,114
Net income (loss) available to common shareholders			3,092			2,975			2,961			2,600			3,795			3,732			3,478			2,187		20,912			13,813			8,030			11,628		13,192
Average common stockholders’ equity			188,001			189,211			191,444			191,624			191,794			195,622			195,471			193,205		182,421			180,093			187,730			190,070		194,023
Less:
Average Goodwill and Intangibles			23,335			23,063			23,155			22,981			22,474			23,482			23,169			22,763		26,168			24,150			24,374			23,349		23,451
Average TCE		$	164,666		$	166,148		$	168,289		$	168,643		$	169,320		$	172,140		$	172,302		$	170,442	$	156,253		$	155,943		$	163,356		$	166,721	$	170,572

Return on average common stockholders’ equity (RoCE)			6.6%			6.3%			6.2%			5.4%			8.0%			7.7%			7.1%			4.5%		11.5%			7.7%			4.3%			6.1%		6.8%
RoTCE			7.6%			7.2%			7.0%			6.1%			9.1%			8.7%			8.0%			5.1%		13.4%			8.9%			4.9%			7.0%		7.7%

Average TCE (in billions of dollars)⁽¹⁾⁽²⁾
Services		$	31.2		$	31.2		$	31.2		$	31.2		$	33.0		$	33.0		$	33.0		$	33.0	$	23.9		$	30.3		$	31.5		$	31.2	$	33.0
Markets			56.6			56.6			56.6			56.6			53.5			53.5			53.5			53.5		44.9			55.2			56.9			56.6		53.5
Banking			12.8			12.8			12.8			12.8			9.2			9.2			9.2			9.2		20.2			10.2			8.9			12.8		9.2
Wealth			16.6			16.6			16.6			16.6			15.4			15.4			15.4			15.4		17.2			18.2			17.2			16.6		15.4
USCC			21.8			21.8			21.8			21.8			20.3			20.3			20.3			20.3		16.7			16.4			18.1			21.8		20.3
All Other			25.7			27.1			29.3			29.6			37.9			40.7			40.9			39.0		33.4			25.6			30.8			27.7		39.2
Total Citi average TCE		$	164.7		$	166.1		$	168.3		$	168.6		$	169.3		$	172.1		$	172.3		$	170.4	$	156.3		$	155.9		$	163.4		$	166.7	$	170.6
Add:
Average goodwill		$	19.6		$	19.5		$	19.6		$	19.4		$	18.8		$	19.8		$	19.6		$	19.2	$	22.3		$	19.5		$	20.1		$	20.0	$	19.8
Average intangible assets (other than MSRs)			3.7			3.6			3.5			3.6			3.7			3.7			3.6			3.6		3.7			3.9			3.8			3.5		3.6
Average goodwill and identifiable intangible assets (other than MSRs) related to businesses HFS			-			-			-			-			-			-			-			-		0.1			0.8			0.4			(0.1)		-
Total Citi average common stockholders’ equity (in billions of dollars)		$	188.0		$	189.2		$	191.4		$	191.6		$	191.8		$	195.6		$	195.5		$	193.2	$	182.4		$	180.1		$	187.7		$	190.1	$	194.0


Income (loss) available to common shareholders (in billions of dollars)⁽³⁾
Services		$	1.7		$	1.7		$	1.8		$	1.8		$	1.8		$	1.7		$	2.1		$	2.5	$	3.8		$	5.3		$	5.1		$	7.0	$	8.1
Markets			1.4			1.5			1.1			1.0			1.8			1.8			1.7			0.8		6.7			6.1			4.1			5.1		6.2
Banking			0.2			0.2			-			0.4			0.2			0.1			0.3			0.4		4.2			(0.2)			(0.6)			0.9		0.9
Wealth			-			0.1			0.1			0.2			0.2			0.4			0.3			0.3		1.7			0.2			(0.3)			0.3		1.2
USCC			0.5			0.3			0.7			0.6			0.8			0.8			0.9			0.9		6.5			3.6			2.6			2.1		3.4
All Other-managed basis⁽³⁾			(0.6)			(0.8)			(0.7)			(1.4)			(1.0)			(0.9)			(1.0)			(2.6)		(0.4)			(1.0)			(3.6)			(3.6)		(5.5)
Reconciling Items-divestiture-related impacts⁽⁴⁾			(0.1)			-			-			-			-			(0.2)			(0.8)			(0.1)		(1.6)			(0.2)			0.7			(0.2)		(1.1)
Total Citi income (loss) available to common shareholders⁽³⁾		$	3.1		$	3.0		$	3.0		$	2.6		$	3.8		$	3.7		$	3.5		$	2.2	$	20.9		$	13.8		$	8.0		$	11.6	$	13.2


RoTCE⁽¹⁾
Services			22.0%			21.3%			22.9%			23.3%			22.5%			20.8%			25.0%			30.0%		15.8%			17.5%			16.1%			22.4%		24.6%
Markets			10.3%			10.5%			8.0%			7.3%			14.0%			13.5%			12.6%			6.2%		14.8%			11.1%			7.1%			9.0%		11.6%
Banking			7.4%			5.1%			1.3%			13.0%			9.8%			4.1%			11.6%			15.3%		20.6%			(2.2%)			(7.3%)			6.7%		10.2%
Wealth			(0.4%)			1.2%			2.3%			4.1%			5.0%			10.0%			7.8%			7.7%		9.9%			0.8%			(2.0%)			1.8%		7.6%
USCC			9.9%			5.2%			13.0%			10.1%			16.7%			15.0%			18.2%			17.3%		38.9%			22.0%			14.3%			9.6%		16.8%
All Other-managed basis⁽³⁾			(11.3%)			(9.1%)			(10.6%)			(18.4%)			(12.0%)			(8.3%)			(10.0%)			(26.2%)		(0.7%)			(3.9%)			(10.9%)			(12.6%)		(14.2%)
Reconciling Items-divestiture-related impacts⁽⁴⁾			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A		N/A			N/A			N/A			N/A		N/A
Total Citi RoTCE			7.6%			7.2%			7.0%			6.1%			9.1%			8.7%			8.0%			5.1%		13.4%			8.9%			4.9%			7.0%		7.7%

Page 23

FX Impact

(In millions of dollars)


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023			2024			2024			2024			2024

Foreign currency (FX) translation impact

Total Citigroup
Total revenues-as reported		$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026		$	17,352		$	21,016		$	20,032		$	20,209		$	19,465
Impact of FX translation⁽¹⁾			(389)			(502)			(430)			(344)			(316)			(235)			(324)			(194)			(529)			(567)			(562)			(538)			(292)			(339)			253			313
Total revenues-Ex-FX⁽¹⁾		$	19,214		$	17,178		$	16,935		$	16,582		$	18,784		$	19,324		$	18,097		$	17,708		$	20,835		$	18,757		$	19,464		$	16,814		$	20,724		$	19,693		$	20,462		$	19,778

Total operating expenses-as reported		$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908		$	14,107		$	13,246		$	13,144		$	13,070
Impact of FX translation⁽¹⁾			(187)			(268)			(175)			(298)			(68)			113			297			237			34			(5)			(10)			(25)			-			42			100			296
Total operating expenses-Ex-FX⁽¹⁾		$	11,162		$	11,130		$	11,520		$	13,143		$	13,011		$	12,427		$	12,959		$	13,118		$	13,240		$	13,453		$	13,388		$	15,883		$	14,107		$	13,288		$	13,244		$	13,366

Total provisions for credit losses and PBC-as reported		$	(2,055)		$	(1,066)		$	(192)		$	(465)		$	755		$	1,274		$	1,365		$	1,845		$	1,975		$	1,824		$	1,840		$	3,547		$	2,365		$	2,476		$	2,675		$	2,593
Impact of FX translation⁽¹⁾			36			(36)			(16)			(13)			(5)			(17)			55			51			(27)			(18)			(46)			(206)			27			13			13			215
Total provisions for credit losses and PBC-Ex-FX⁽¹⁾		$	(2,019)		$	(1,102)		$	(208)		$	(478)		$	750		$	1,257		$	1,420		$	1,896		$	1,948		$	1,806		$	1,794		$	3,341		$	2,392		$	2,489		$	2,688		$	2,808

Total EBIT-as reported		$	10,309		$	7,348		$	5,862		$	3,950		$	5,266		$	5,971		$	4,394		$	3,176		$	6,183		$	4,042		$	4,788		$	(2,103)		$	4,544		$	4,310		$	4,390		$	3,802
Impact of FX translation⁽¹⁾			(238)			(198)			(239)			(33)			(243)			(331)			(676)			(482)			(536)			(544)			(506)			(307)			(319)			(394)			140			(198)
Total EBIT-Ex-FX⁽¹⁾		$	10,071		$	7,150		$	5,623		$	3,917		$	5,023		$	5,640		$	3,718		$	2,694		$	5,647		$	3,498		$	4,282		$	(2,410)		$	4,225		$	3,916		$	4,530		$	3,604

Total EOP Loans-as reported		$	666		$	677		$	665		$	668		$	660		$	657		$	646		$	657		$	652		$	661		$	666		$	689		$	675		$	688		$	689		$	695
Impact of FX translation⁽¹⁾			(9)			(11)			(6)			(5)			(2)			6			14			7			3			1			6			1			2			7			3			14
Total EOP Loans-Ex-FX⁽¹⁾		$	657		$	666		$	659		$	663		$	658		$	663		$	660		$	664		$	655		$	662		$	672		$	690		$	677		$	695		$	692		$	709

Total EOP Deposits-as reported		$	1,301		$	1,310		$	1,348		$	1,317		$	1,334		$	1,322		$	1,307		$	1,366		$	1,331		$	1,320		$	1,274		$	1,309		$	1,307		$	1,278		$	1,310		$	1,285
Impact of FX translation⁽¹⁾			(17)			(22)			(14)			(10)			(9)			11			31			12			5			5			13			-			8			18			7			33
Total EOP Deposits-Ex-FX⁽¹⁾		$	1,284		$	1,288		$	1,334		$	1,307		$	1,325		$	1,333		$	1,338		$	1,378		$	1,336		$	1,325		$	1,287		$	1,309		$	1,315		$	1,296		$	1,317		$	1,318

Total Average Loans-as reported		$	666		$	670		$	669		$	667		$	649		$	658		$	655		$	653		$	654		$	654		$	662		$	675		$	679		$	680		$	687		$	688
Impact of FX translation⁽¹⁾			(13)			(13)			(9)			(6)			(4)			1			7			8			3			1			1			2			1			3			3			8
Total Average Loans-Ex-FX⁽¹⁾		$	653		$	657		$	660		$	661		$	645		$	659		$	662		$	661		$	657		$	655		$	663		$	677		$	680		$	683		$	690		$	696

Total Average Deposits-as reported		$	1,304		$	1,321		$	1,343		$	1,370		$	1,334		$	1,323		$	1,316		$	1,361		$	1,363		$	1,338		$	1,315		$	1,320		$	1,326		$	1,310		$	1,311		$	1,320
Impact of FX translation⁽¹⁾			(27)			(27)			(22)			(15)			(12)			(2)			14			18			5			1			3			6			4			9			9			20
Total Average Deposits-Ex-FX⁽¹⁾		$	1,277		$	1,294		$	1,321		$	1,355		$	1,322		$	1,321		$	1,330		$	1,379		$	1,368		$	1,339		$	1,318		$	1,326		$	1,330		$	1,319		$	1,320		$	1,340

Legacy Franchises-Mexico Consumer/SBMM

All Other-Legacy Franchises (LF) Mexico Consumer/SBMM revenues-as reported		$	1,110		$	1,152		$	1,139		$	1,138		$	1,111		$	1,161		$	1,146		$	1,219		$	1,289		$	1,406		$	1,519		$	1,454		$	1,563		$	1,633		$	1,523		$	1,422
Impact of FX translation⁽¹⁾			118			95			101			135			105			89			94			68			10			(36)			(75)			(50)			(95)			(61)			72			143
All Other-LF Mexico Consumer/SBMM revenues-Ex-FX⁽¹⁾			1,228			1,247			1,240			1,273			1,216			1,250			1,240			1,287			1,299			1,370			1,444			1,404			1,468			1,572			1,595			1,565


All Other-LF Mexico Consumer/SBMM expenses-as reported		$	770		$	789		$	762		$	783		$	776		$	851		$	852		$	940		$	964		$	1,028		$	1,075		$	1,130		$	1,184		$	1,116		$	1,043		$	1,072
Impact of FX translation⁽¹⁾			77			61			64			84			69			65			70			51			4			(32)			(61)			(45)			(79)			(45)			51			110
All Other-LF Mexico Consumer/SBMM expenses-Ex-FX⁽¹⁾			847			850			826			867			845			916			922			991			968			996			1,014			1,085			1,105			1,071			1,094			1,182

(1)

Reflects the impact of foreign currency (FX) translation into U.S. dollars applying the fourth quarter of 2025 average exchange rates for all quarterly periods, and full-year 2025 average exchange rates for full year results, with the exception of EOP loans and deposits, which were calculated based on exchange rates as of December 31, 2025. Citi's results excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 24

FX Impact

(In millions of dollars)


													Full			Full			Full			Full			Full
		1Q			2Q			3Q			4Q		Year			Year			Year			Year			Year
		2025			2025			2025			2025		2021			2022			2023			2024			2025

Foreign currency (FX) translation impact

Total Citigroup
Total revenues-as reported		$	21,596		$	21,668		$	22,090		$	19,871	$	71,574		$	74,982		$	78,066		$	80,722		$	85,225
Impact of FX translation⁽¹⁾			372			88			44			-		(2,033)			(1,503)			(2,714)			(456)			-
Total revenues-Ex-FX⁽¹⁾		$	21,968		$	21,756		$	22,134		$	19,871	$	69,541		$	73,479		$	75,352		$	80,266		$	85,225

Total operating expenses-as reported		$	13,425		$	13,577		$	14,290		$	13,840	$	47,883		$	50,936		$	55,970		$	53,567		$	55,132
Impact of FX translation⁽¹⁾			322			31			18			-		(1,250)			197			(374)			47			-
Total operating expenses-Ex-FX⁽¹⁾		$	13,747		$	13,608		$	14,308		$	13,840	$	46,633		$	51,133		$	55,596		$	53,614		$	55,132

Total provisions for credit losses and PBC-as reported		$	2,723		$	2,872		$	2,450		$	2,220	$	(3,778)		$	5,239		$	9,186		$	10,109		$	10,265
Impact of FX translation⁽¹⁾			71			20			5			-		(29)			8			(509)			109			-
Total provisions for credit losses and PBC-Ex-FX⁽¹⁾		$	2,794		$	2,892		$	2,455		$	2,220	$	(3,807)		$	5,247		$	8,677		$	10,218		$	10,265

Total EBIT-as reported		$	5,448		$	5,219		$	5,350		$	3,811	$	27,469		$	18,807		$	12,910		$	17,046		$	19,828
Impact of FX translation⁽¹⁾			(21)			37			21			-		(754)			(1,708)			(1,831)			(612)			-
Total EBIT-Ex-FX⁽¹⁾		$	5,427		$	5,256		$	5,371		$	3,811	$	26,715		$	17,099		$	11,079		$	16,434		$	19,828

Total EOP Loans-as reported		$	702		$	725		$	734		$	752
Impact of FX translation⁽¹⁾			10			1			-			-
Total EOP Loans-Ex-FX⁽¹⁾		$	712		$	726		$	734		$	752

Total EOP Deposits-as reported		$	1,316		$	1,358		$	1,384		$	1,404
Impact of FX translation⁽¹⁾			22			-			1			-
Total EOP Deposits-Ex-FX⁽¹⁾		$	1,338		$	1,358		$	1,385		$	1,404

Total Average Loans-as reported		$	691		$	712		$	725		$	737	$	668		$	654		$	661		$	684		$	716
Impact of FX translation⁽¹⁾			10			3			-			-		(13)			1			(1)			1			-
Total Average Loans-Ex-FX⁽¹⁾		$	701		$	715		$	725		$	737	$	655		$	655		$	660		$	685		$	716

Total Average Deposits-as reported		$	1,305		$	1,343		$	1,382		$	1,422	$	1,335		$	1,334		$	1,334		$	1,317		$	1,363
Impact of FX translation⁽¹⁾			24			6			(1)			-		(29)			(2)			(4)			3			-
Total Average Deposits-Ex-FX⁽¹⁾		$	1,329		$	1,349		$	1,381		$	1,422	$	1,306		$	1,332		$	1,330		$	1,320		$	1,363

Legacy Franchises-Mexico Consumer/SBMM

All Other-Legacy Franchises (LF) Mexico Consumer/SBMM revenues-as reported		$	1,467		$	1,536		$	1,722		$	1,775	$	4,539		$	4,637		$	5,668		$	6,141		$	6,500
Impact of FX translation⁽¹⁾			158			68			26			-		254			179			(334)			(189)			-
All Other-LF Mexico Consumer/SBMM revenues-Ex-FX⁽¹⁾			1,625			1,604			1,748			1,775	$	4,793		$	4,816		$	5,334		$	5,952		$	6,500


All Other-LF Mexico Consumer/SBMM expenses-as reported		$	1,060		$	984		$	1,772		$	962	$	3,104		$	3,419		$	4,197		$	4,415		$	4,778
Impact of FX translation⁽¹⁾			129			51			31			-		162			127			(283)			(145)			-
All Other-LF Mexico Consumer/SBMM expenses-Ex-FX⁽¹⁾			1,189			1,035			1,803			962	$	3,266		$	3,546		$	3,914		$	4,270		$	4,778

(1)

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 24

Reconciliation of Adjusted Results (Page 1)

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


		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
		2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Total Citigroup revenues, net interest income (NII) and non-interest revenues (NIR)

Total Citigroup revenues-as reported		$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026		$	17,352
Less:
Total Divestiture-related Impacts on Revenues⁽¹⁾			-			-			(657)			(13)			(47)			78			614			209			1,018			(6)			396			(62)
Total Citigroup revenues, excluding divestitures impacts^(*)		$	19,603		$	17,680		$	18,022		$	16,939		$	19,147		$	19,481		$	17,807		$	17,693		$	20,346		$	19,330		$	19,630		$	17,414


Total Citigroup revenues-as reported		$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026		$	17,352
Less:
Notable Item-Russia HFS accounting treatment loss impact on revenues⁽²⁾			-			-			-			-			-			-			-			-			-			-			-			-
Total Citigroup revenues, excluding notable item(s) impact^(*)		$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026		$	17,352


Total Citigroup net interest income (NII)-as reported		$	10,506		$	10,478		$	10,691		$	10,819		$	10,871		$	11,964		$	12,563		$	13,270		$	13,348		$	13,900		$	13,828		$	13,824
Markets NII⁽³⁾			1,536			1,589			1,476			1,471			1,276			1,540			1,305			1,486			1,456			1,911			1,595			1,889
Citigroup NII ex-Markets^(*)		$	8,970		$	8,889		$	9,215		$	9,348		$	9,595		$	10,424		$	11,258		$	11,784		$	11,892		$	11,989		$	12,233		$	11,935

Total Citigroup non-interest revenue (NIR)-as reported		$	9,097		$	7,202		$	6,674		$	6,107		$	8,229		$	7,595		$	5,858		$	4,632		$	8,016		$	5,424		$	6,198		$	3,528
Markets NIR⁽³⁾			4,610			3,069			3,208			2,149			4,963			3,929			3,113			2,789			4,334			2,989			3,151			1,563
Citigroup NIR ex-Markets^(*)		$	4,487		$	4,133		$	3,466		$	3,958		$	3,266		$	3,666		$	2,745		$	1,843		$	3,682		$	2,435		$	3,047		$	1,965
Less:
Notable item-Russia HFS accounting treatment loss impact on revenues⁽⁴⁾			-			-			-			-			-			-			-			-			-			-			-			-
Citigroup NIR Ex-Markets, excluding notable item(s) impact^(*)		$	4,487		$	4,133		$	3,466		$	3,958		$	3,266		$	3,666		$	2,745		$	1,843		$	3,682		$	2,435		$	3,047		$	1,965


Total Citigroup operating expenses

Total Citigroup operating expenses-as reported		$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908
Less:
Notable item-Mexico goodwill impairment charge impact on operating expenses⁽⁵⁾			-			-			-			-			-			-			-			-			-			-			-			-
Total Citigroup operating expenses, excluding notable item(s)^(*)		$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908


Total Citigroup revenues-as reported			19,603			17,680			17,365			16,926			19,100			19,559			18,421			17,902			21,364			19,324			20,026			17,352
Total Citigroup operating expenses-as reported		$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908
Total Citigroup efficiency ratio-as reported			57.9%			64.5%			67.3%			79.4%			68.5%			63.0%			68.7%			72.0%			61.8%			69.6%			66.9%			91.7%
Less:
Notable item(s) impact(s) on revenues⁽²⁾			-			-			-			-			-			-			-			-			-			-			-			-
Total Citigroup revenues, excluding notable Item(s)^(*)		$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026		$	17,352
Less:
Notable item(s) impact(s) on operating expenses⁽⁵⁾			-			-			-			-			-			-			-			-			-			-			-			-
Total Citigroup operating expenses, excluding notable item(s)^(*)		$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908
Total Citigroup efficiency ratio, excluding notable item(s)^(*)			57.9%			64.5%			67.3%			79.4%			68.5%			63.0%			68.7%			72.0%			61.8%			69.6%			66.9%			91.7%

*	Represents a non-GAAP financial measure.

(1)	See footnote 2 on page 14 for details.

(2)	See footnote 4 on page 12 for details.

(3)	See page 6 for details.

(4)	See footnote 4 on page 12 for details. The amount on this line adds the $19 million impact for Markets because it is already deducted in the Citigroup ex-Markets NIR number above.

(5)	See footnote 5 on page 14 for details.

Note: See “All Other-Divestiture-Related Impacts (Reconciling Items)” in Citi’s Annual Reports on Form 10-K for the years ended December 31, 2025, 2024 and 2023, and "Legacy Franchises” in Citi’s Annual Report on Form 10-K for the year ended December 31, 2022 for additional information on divestiture-related impacts.

Page 25

Reconciliation of Adjusted Results (Page 1)

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


																									Full		Full		Full		Full		Full
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q		Year		Year		Year		Year		Year
		2024			2024			2024			2024			2025			2025			2025			2025		2021		2022		2023		2024		2025

Total Citigroup revenues, net interest income (NII) and non-interest revenues (NIR)

Total Citigroup revenues-as reported		$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	19,871	$	71,574	$	74,982	$	78,066	$	80,722	$	85,225
Less:
Total Divestiture-related Impacts on Revenues⁽¹⁾			(12)			33			1			4			-			(177)			2			(1)		(670)		854		1,346		26		(176)
Total Citigroup revenues, excluding divestitures impacts^(*)		$	21,028		$	19,999		$	20,208		$	19,461		$	21,596		$	21,845		$	22,088		$	19,872	$	72,244	$	74,128	$	76,720	$	80,696	$	85,401


Total Citigroup revenues-as reported		$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	19,871	$	71,574	$	74,982	$	78,066	$	80,722	$	85,225
Less:
Notable Item-Russia HFS accounting treatment loss impact on revenues⁽²⁾			-			-			-			-			-			-			-			(1,173)		-		-		-		-		(1,173)
Total Citigroup revenues, excluding notable item(s) impact^(*)		$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	21,044	$	71,574	$	74,982	$	78,066	$	80,722	$	86,398


Total Citigroup net interest income (NII)-as reported		$	13,507		$	13,493		$	13,362		$	13,733		$	14,012		$	15,175		$	14,940		$	15,665	$	42,494	$	48,668	$	54,900	$	54,095	$	59,792
Markets NII⁽³⁾			1,617			1,954			1,308			1,765			1,924			2,824			2,178			2,761		6,072		5,607		6,851		6,644		9,687
Citigroup NII ex-Markets^(*)		$	11,890		$	11,539		$	12,054		$	11,968		$	12,088		$	12,351		$	12,762		$	12,904	$	36,422	$	43,061	$	48,049	$	47,451	$	50,105

Total Citigroup non-interest revenue (NIR)-as reported		$	7,509		$	6,539		$	6,847		$	5,732		$	7,584		$	6,493		$	7,150		$	4,206	$	29,080	$	26,314	$	23,166	$	26,627	$	25,433
Markets NIR⁽³⁾			3,788			3,170			3,602			2,847			4,151			3,156			3,567			1,848		13,036		14,794		12,037		13,407		12,722
Citigroup NIR ex-Markets^(*)		$	3,721		$	3,369		$	3,245		$	2,885		$	3,433		$	3,337		$	3,583		$	2,358	$	16,044	$	11,520	$	11,129	$	13,220	$	12,711
Less:
Notable item-Russia HFS accounting treatment loss impact on revenues⁽⁴⁾			-			-			-			-			-			-			-			(1,192)		-		-		-		-		(1,192)
Citigroup NIR Ex-Markets, excluding notable item(s) impact^(*)		$	3,721		$	3,369		$	3,245		$	2,885		$	3,433		$	3,337		$	3,583		$	3,550	$	16,044	$	11,520	$	11,129	$	13,220	$	13,903


Total Citigroup operating expenses

Total Citigroup operating expenses-as reported		$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	14,290		$	13,840	$	47,883	$	50,936	$	55,970	$	53,567	$	55,132
Less:
Notable item-Mexico goodwill impairment charge impact on operating expenses⁽⁵⁾			-			-			-			-			-			-			726			-		-		-		-		-		726
Total Citigroup operating expenses, excluding notable item(s)^(*)		$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	13,564		$	13,840	$	47,883	$	50,936	$	55,970	$	53,567	$	54,406


Total Citigroup revenues-as reported			21,016			20,032			20,209			19,465			21,596			21,668			22,090			19,871		71,574		74,982		78,066		80,722		85,225
Total Citigroup operating expenses-as reported		$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	14,290		$	13,840	$	47,883	$	50,936	$	55,970	$	53,567	$	55,132
Total Citigroup efficiency ratio-as reported			67.1%			66.1%			65.0%			67.1%			62.2%			62.7%			64.7%			69.6%		66.9%		67.9%		71.7%		66.4%		64.7%
Less:
Notable item(s) impact(s) on revenues⁽²⁾			-			-			-			-			-			-			-			(1,173)		-		-		-		-		(1,173)
Total Citigroup revenues, excluding notable Item(s)^(*)		$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	21,044	$	71,574	$	74,982	$	78,066	$	80,722	$	86,398
Less:
Notable item(s) impact(s) on operating expenses⁽⁵⁾			-			-			-			-			-			-			726			-		-		-		-		-		726
Total Citigroup operating expenses, excluding notable item(s)^(*)		$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	13,564		$	13,840	$	47,883	$	50,936	$	55,970	$	53,567	$	54,406
Total Citigroup efficiency ratio, excluding notable item(s)^(*)			67.1%			66.1%			65.0%			67.1%			62.2%			62.7%			61.4%			65.8%		66.9%		67.9%		71.7%		66.4%		63.0%

*	Represents a non-GAAP financial measure.

(1)	See footnote 2 on page 14 for details.

(2)	See footnote 4 on page 12 for details.

(3)	See page 6 for details.

(4)	See footnote 4 on page 12 for details. The amount on this line adds the $19 million impact for Markets because it is already deducted in the Citigroup ex-Markets NIR number above.

(5)	See footnote 5 on page 14 for details.

Page 25

Reconciliation of Adjusted Results (Page 2)

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

	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023

Total Citigroup Operating Expenses

Total Citigroup other operating expenses⁽¹⁾—as reported	$	2,486	$	2,514	$	2,652	$	3,231	$	3,257	$	2,756	$	2,823	$	2,959	$	2,607	$	2,769	$	2,744	$	4,751
Less:
Notable item—Mexico goodwill impairment charge impact on other operating expenses⁽²⁾		-		-		-		-		-		-		-		-		-		-		-		-
Total Citigroup other operating expenses, excluding notable item(s)^(*)	$	2,486	$	2,514	$	2,652	$	3,231	$	3,257	$	2,756	$	2,823	$	2,959	$	2,607	$	2,769	$	2,744	$	4,751


Notable Items adjustments

Total Citigroup net income—as reported	$	7,942	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	$	3,479	$	2,513	$	4,606	$	2,915	$	3,546	$	(1,839)
Less notable items:
Russia HFS accounting treatment loss impact on net income⁽³⁾		-		-		-		-		-		-		-		-		-		-		-		-
Mexico goodwill impairment charge impact on net income⁽²⁾		-		-		-		-		-		-		-		-		-		-		-		-
Total Citigroup net income, excluding notable Item(s)^(*)	$	7,942	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	$	3,479	$	2,513	$	4,606	$	2,915	$	3,546	$	(1,839)


Total Citigroup diluted EPS—as reported	$	3.62	$	2.85	$	2.15	$	1.46	$	2.02	$	2.19	$	1.63	$	1.16	$	2.19	$	1.33	$	1.63	$	(1.16)
Less:
Notable item(s)⁽²⁾⁽³⁾		-		-		-		-		-		-		-		-		-		-		-		-
Total Citigroup diluted EPS, excluding notable item(s)^(*)	$	3.62	$	2.85	$	2.15	$	1.46	$	2.02	$	2.19	$	1.63	$	1.16	$	2.19	$	1.33	$	1.63	$	(1.16)


Total Citigroup diluted EPS—as reported	$	3.62	$	2.85	$	2.15	$	1.46	$	2.02	$	2.19	$	1.63	$	1.16	$	2.19	$	1.33	$	1.63	$	(1.16)
Less:
Notable item—Russia HFS accounting treatment loss impact on net income⁽³⁾		-		-		-		-		-		-		-		-		-		-		-		-
Total Citigroup diluted EPS, excluding notable item^(*)	$	3.62	$	2.85	$	2.15	$	1.46	$	2.02	$	2.19	$	1.63	$	1.16	$	2.19	$	1.33	$	1.63	$	(1.16)


Total Citigroup RoCE—as reported		17.2%		13.0%		9.5%		6.4%		9.0%		9.7%		7.1%		5.0%		9.5%		5.6%		6.7%		(4.5%)
Less:
Notable item(s)⁽²⁾⁽³⁾		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps
Total Citigroup RoCE, excluding notable items^(*)		17.2%		13.0%		9.5%		6.4%		9.0%		9.7%		7.1%		5.0%		9.5%		5.6%		6.7%		(4.5%)


Total Citigroup RoTCE—as reported		20.1%		15.2%		11.0%		7.4%		10.5%		11.2%		8.2%		5.8%		10.9%		6.4%		7.7%		(5.1%)
Less:
Notable item(s)⁽²⁾⁽³⁾		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps
Total Citigroup RoTCE, excluding notable items^(*)		20.1%		15.2%		11.0%		7.4%		10.5%		11.2%		8.2%		5.8%		10.9%		6.4%		7.7%		(5.1%)


All Other (Managed Basis)^(4)(*)

All Other revenues—managed basis^(*)	$	2,396	$	2,399	$	2,363	$	2,333	$	2,089	$	2,241	$	2,147	$	2,364	$	2,662	$	2,473	$	2,303	$	1,951
Add:
Total divestiture-related impacts on revenues⁽⁵⁾		-		-		(657)		(13)		(47)		78		614		209		1,018		(6)		396		(62)
All Other revenues—U.S. GAAP	$	2,396	$	2,399	$	1,706	$	2,320	$	2,042	$	2,319	$	2,761	$	2,573	$	3,680	$	2,467	$	2,699	$	1,889


*All Other operating expenses—Managed Basis()**	$	2,466	$	2,342	$	2,454	$	2,366	$	2,274	$	2,261	$	2,320	$	2,349	$	2,291	$	2,259	$	2,183	$	4,468
Add:
Total divestiture-related impacts on operating expenses⁽⁶⁾		-		-		-		1,171		559		(28)		107		58		73		79		114		106
All Other operating expenses—U.S. GAAP	$	2,466	$	2,342	$	2,454	$	3,537	$	2,833	$	2,233	$	2,427	$	2,407	$	2,364	$	2,338	$	2,297	$	4,574


All Other provisions for credit losses—Managed Basis^(*)	$	130	$	(220)	$	(44)	$	109	$	74	$	64	$	182	$	160	$	445	$	200	$	199	$	460
Add:
Total divestiture-related impacts on provisions for credit losses		-		-		23		1		71		58		(12)		(41)		(8)		(12)		(17)		(30)
All Other provisions for credit losses—U.S. GAAP	$	130	$	(220)	$	(21)	$	110	$	145	$	122	$	170	$	119	$	437	$	188	$	182	$	430


All Other EBIT—Managed Basis^(*)	$	(200)	$	277	$	(47)	$	(142)	$	(259)	$	(84)	$	(355)	$	(145)	$	(74)	$	14	$	(79)	$	(2,977)
Add:
Total divestiture-related impacts on revenues⁽⁵⁾		-		-		(657)		(13)		(47)		78		614		209		1,018		(6)		396		(62)
Total divestiture-related impacts on operating expenses⁽⁶⁾		-		-		-		(1,171)		(559)		28		(107)		(58)		(73)		(79)		(114)		(106)
Total divestiture-related impacts on provisions for credit losses		-		-		(23)		(1)		(71)		(58)		12		41		8		12		17		30
All Other EBIT—U.S. GAAP	$	(200)	$	277	$	(727)	$	(1,327)	$	(936)	$	(36)	$	164	$	47	$	879	$	(59)	$	220	$	(3,115)

Page 26

Reconciliation of Adjusted Results (Page 2)

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

																	Full		Full		Full		Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		Year		Year		Year		Year		Year
	2024		2024		2024		2024		2025		2025		2025		2025		2021		2022		2023		2024		2025

Total Citigroup Operating Expenses

Total Citigroup other operating expenses⁽¹⁾—as reported	$	2,852	$	2,962	$	2,701	$	2,778	$	2,483	$	2,472	$	3,386	$	3,168	$	10,883	$	11,795	$	12,871	$	11,293	$	11,509
Less:
Notable item—Mexico goodwill impairment charge impact on other operating expenses⁽²⁾		-		-		-		-		-		-		726		-		-		-		-		-		726
Total Citigroup other operating expenses, excluding notable item(s)^(*)	$	2,852	$	2,962	$	2,701	$	2,778	$	2,483	$	2,472	$	2,660	$	3,168	$	10,883	$	11,795	$	12,871	$	11,293	$	10,783

Notable Items adjustments

Total Citigroup net income—as reported	$	3,371	$	3,217	$	3,238	$	2,856	$	4,064	$	4,019	$	3,752	$	2,471	$	21,952	$	14,845	$	9,228	$	12,682	$	14,306
Less notable items:
Russia HFS accounting treatment loss impact on net income⁽³⁾		-		-		-		-		-		-		-		(1,123)		-		-		-		-		(1,123)
Mexico goodwill impairment charge impact on net income⁽²⁾		-		-		-		-		-		-		(714)		-		-		-		-		-		(714)
Total Citigroup net income, excluding notable Item(s)^(*)	$	3,371	$	3,217	$	3,238	$	2,856	$	4,064	$	4,019	$	4,466	$	3,594	$	21,952	$	14,845	$	9,228	$	12,682	$	16,143

Total Citigroup diluted EPS—as reported	$	1.58	$	1.52	$	1.51	$	1.34	$	1.96	$	1.96	$	1.86	$	1.19	$	10.14	$	7.00	$	4.04	$	5.94	$	6.99
Less:
Notable item(s)⁽²⁾⁽³⁾		-		-		-		-		-		-		(0.38)		(0.62)		-		-		-		-		(0.98)
Total Citigroup diluted EPS, excluding notable item(s)^(*)	$	1.58	$	1.52	$	1.51	$	1.34	$	1.96	$	1.96	$	2.24	$	1.81	$	10.14	$	7.00	$	4.04	$	5.94	$	7.97

Total Citigroup diluted EPS—as reported	$	1.58	$	1.52	$	1.51	$	1.34	$	1.96	$	1.96	$	1.86	$	1.19	$	10.14	$	7.00	$	4.04	$	5.94	$	6.99
Less:
Notable item—Russia HFS accounting treatment loss impact on net income⁽³⁾		-		-		-		-		-		-		-		(0.62)		-		-		-		-		(0.60)
Total Citigroup diluted EPS, excluding notable item^(*)	$	1.58	$	1.52	$	1.51	$	1.34	$	1.96	$	1.96	$	1.86	$	1.81	$	10.14	$	7.00	$	4.04	$	5.94	$	7.59

Total Citigroup RoCE—as reported		6.6%		6.3%		6.2%		5.4%		8.0%		7.7%		7.1%		4.5%		11.5%		7.7%		4.3%		6.1%		6.8%
Less:
Notable item(s)⁽²⁾⁽³⁾		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		(140) bps		(230) bps		0 bps		0 bps		0 bps		0 bps		(90) bps
Total Citigroup RoCE, excluding notable items^(*)		6.6%		6.3%		6.2%		5.4%		8.0%		7.7%		8.5%		6.8%		11.5%		7.7%		4.3%		6.1%		7.7%

Total Citigroup RoTCE—as reported		7.6%		7.2%		7.0%		6.1%		9.1%		8.7%		8.0%		5.1%		13.4%		8.9%		4.9%		7.0%		7.7%
Less:
Notable item(s)⁽²⁾⁽³⁾		0 bps		0 bps		0 bps		0 bps		0 bps		0 bps		(170) bps		(260) bps		0 bps		0 bps		0 bps		0 bps		(110) bps
Total Citigroup RoTCE, excluding notable items^(*)		7.6%		7.2%		7.0%		6.1%		9.1%		8.7%		9.7%		7.7%		13.4%		8.9%		4.9%		7.0%		8.8%

All Other (Managed Basis)^(4)(*)

All Other revenues—managed basis^(*)	$	2,430	$	2,018	$	1,796	$	1,277	$	1,463	$	1,716	$	1,471	$	(208)	$	9,491	$	8,841	$	9,389	$	7,521	$	4,442
Add:
Total divestiture-related impacts on revenues⁽⁵⁾		(12)		33		1		4		-		(177)		2		(1)		(670)		854		1,346		26		(176)
All Other revenues—U.S. GAAP	$	2,418	$	2,051	$	1,797	$	1,281	$	1,463	$	1,539	$	1,473	$	(209)	$	8,821	$	9,695	$	10,735	$	7,547	$	4,266

*All Other operating expenses—Managed Basis()**	$	2,687	$	2,108	$	2,078	$	2,163	$	2,226	$	2,277	$	2,169	$	2,026	$	9,628	$	9,204	$	11,201	$	9,036	$	8,698
Add:
Total divestiture-related impacts on operating expenses⁽⁶⁾		110		85		67		56		34		37		766		40		1,171		696		372		318		877
All Other operating expenses—U.S. GAAP	$	2,797	$	2,193	$	2,145	$	2,219	$	2,260	$	2,314	$	2,935	$	2,066	$	10,799	$	9,900	$	11,573	$	9,354	$	9,575

All Other provisions for credit losses—Managed Basis^(*)	$	186	$	243	$	289	$	397	$	359	$	374	$	331	$	449	$	(25)	$	480	$	1,304	$	1,115	$	1,513
Add:
Total divestiture-related impacts on provisions for credit losses		11		(3)		(1)		-		(11)		5		(3)		(1)		24		76		(67)		7		(10)
All Other provisions for credit losses—U.S. GAAP	$	197	$	240	$	288	$	397	$	348	$	379	$	328	$	448	$	(1)	$	556	$	1,237	$	1,122	$	1,503

All Other EBIT—Managed Basis^(*)	$	(443)	$	(333)	$	(571)	$	(1,283)	$	(1,122)	$	(935)	$	(1,029)	$	(2,683)	$	(112)	$	(843)	$	(3,116)	$	(2,630)	$	(5,769)
Add:
Total divestiture-related impacts on revenues⁽⁵⁾		(12)		33		1		4		-		(177)		2		(1)		(670)		854		1,346		26		(176)
Total divestiture-related impacts on operating expenses⁽⁶⁾		(110)		(85)		(67)		(56)		(34)		(37)		(766)		(40)		(1,171)		(696)		(372)		(318)		(877)
Total divestiture-related impacts on provisions for credit losses		(11)		3		1		-		11		(5)		3		1		(24)		(76)		67		(7)		10
All Other EBIT—U.S. GAAP	$	(576)	$	(382)	$	(636)	$	(1,335)	$	(1,145)	$	(1,154)	$	(1,790)	$	(2,723)	$	(1,977)	$	(761)	$	(2,075)	$	(2,929)	$	(6,812)

Page 26

Reconciliation of Adjusted Results (Page 3)

(In millions of dollars, except as otherwise noted)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q			4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023			2023


All Other (Managed Basis)^(1)(*)

All Other net income (loss)—managed basis	$	(166)	$	717	$	118	$	121	$	142	$	(87)	$	(20)	$	6	$	209	$	39	$	(47)		$	(2,355)
Add:
Total divestiture-related impacts on revenue⁽²⁾		-		-		(657)		(13)		(47)		78		614		209		1,018		(6)		396			(62)
Total divestiture-related impacts on operating expenses⁽³⁾		-		-		-		(1,171)		(559)		28		(107)		(58)		(73)		(79)		(114)			(106)
Total divestiture-related impacts on provisions for credit losses		-		-		(23)		(1)		(71)		(58)		12		41		8		12		17			30
Total divestiture-related impacts on income taxes		-		-		100		123		89		(13)		(263)		(79)		(305)		(19)		(85)			27
All Other net income (loss)—U.S. GAAP	$	(166)	$	717	$	(462)	$	(941)	$	(446)	$	(52)	$	236	$	119	$	857	$	(53)	$	167		$	(2,466)


Legacy Franchises (LF) (Managed Basis)^(1)(*)

Legacy Franchises revenues (managed basis)—as reported	$	2,172	$	2,214	$	2,173	$	2,159	$	1,940	$	1,832	$	1,935	$	1,849	$	1,823	$	1,914	$	1,831		$	1,714
Less:
Notable item—portion of Russia HFS accounting treatment loss impact on LF revenues⁽⁴⁾		-		-		-		-		-		-		-		-		-		-		-			-
LF revenues, excluding notable item(s) impact^(*)	$	2,172	$	2,214	$	2,173	$	2,159	$	1,940	$	1,832	$	1,935	$	1,849	$	1,823	$	1,914	$	1,831		$	1,714


LF revenues—Managed Basis^(*)	$	2,172	$	2,214	$	2,173	$	2,159	$	1,940	$	1,832	$	1,935	$	1,849	$	1,823	$	1,914	$	1,831		$	1,714
Add:
Total divestiture-related impacts on revenues⁽²⁾		-		-		(657)		(13)		(47)		78		614		209		1,018		(6)		396			(62)
LF revenues—U.S. GAAP	$	2,172	$	2,214	$	1,516	$	2,146	$	1,893	$	1,910	$	2,549	$	2,058	$	2,841	$	1,908	$	2,227		$	1,652


LF operating expenses—managed basis^(*)	$	1,893	$	1,820	$	1,785	$	1,832	$	1,718	$	1,811	$	1,750	$	1,772	$	1,696	$	1,715	$	1,682		$	1,625
Add:
Total divestiture-related impacts on operating expenses⁽³⁾		-		-		-		1,171		559		(28)		107		58		73		79		114			106
LF operating expenses—U.S. GAAP	$	1,893	$	1,820	$	1,785	$	3,003	$	2,277	$	1,783	$	1,857	$	1,830	$	1,769	$	1,794	$	1,796		$	1,731


LF provisions for credit losses—managed basis^(*)	$	130	$	(221)	$	(44)	$	111	$	73	$	61	$	179	$	161	$	333	$	311	$	200		$	471
Add:
Total divestiture-related impacts on provisions for credit losses		-		-		23		1		71		58		(12)		(41)		(8)		(12)		(17)			(30)
LF provisions for credit losses—U.S. GAAP	$	130	$	(221)	$	(21)	$	112	$	144	$	119	$	167	$	120	$	325	$	299	$	183		$	441


LF EBIT—managed basis^(*)	$	149	$	615	$	432	$	216	$	149	$	(40)	$	6	$	(84)	$	(206)	$	(112)	$	(51)		$	(382)

Add:
Total divestiture-related impacts on revenue⁽²⁾		-		-		(657)		(13)		(47)		78		614		209		1,018		(6)		396			(62)
Total divestiture-related impacts on operating expenses⁽³⁾		-		-		-		(1,171)		(559)		28		(107)		(58)		(73)		(79)		(114)			(106)
Total divestiture-related impacts on provisions for credit losses		-		-		(23)		(1)		(71)		(58)		12		41		8		12		17			30
LF EBIT—U.S. GAAP	$	149	$	615	$	(248)	$	(969)	$	(528)	$	8	$	525	$	108	$	747	$	(185)	$	248		$	(520)


LF net income (loss)—managed basis^(*)	$	97	$	435	$	344	$	390	$	201	$	(43)	$	50	$	(28)	$	(46)	$	(50)	$	(75)		$	(269)
Add:
Total divestiture-related impacts on revenue⁽²⁾		-		-		(657)		(13)		(47)		78		614		209		1,018		(6)		396			(62)
Total divestiture-related impacts on operating expenses⁽³⁾		-		-		-		(1,171)		(559)		28		(107)		(58)		(73)		(79)		(114)			(106)
Total divestiture-related impacts on provisions for credit losses		-		-		(23)		(1)		(71)		(58)		12		41		8		12		17			30
Total divestiture-related impacts on income taxes		-		-		100		123		89		(13)		(263)		(79)		(305)		(19)		(85)			27
LF net income (loss)—U.S. GAAP	$	97	$	435	$	(236)	$	(672)	$	(387)	$	(8)	$	306	$	85	$	602	$	(142)	$	139		$	(380)

*	Represents a non-GAAP financial measure.

(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.

(2)	See footnote 2 on page 14 for details.

(3)	See footnotes 2, 3, 4, 5, and 6 on page 14 for details.

(4)	See footnote 4 on page 12 for details.

Note:

Page 27

Reconciliation of Adjusted Results (Page 3)

(In millions of dollars, except as otherwise noted)


																						Full		Full			Full			Full			Full
	1Q		2Q			3Q			4Q			1Q			2Q			3Q		4Q		Year		Year			Year			Year			Year
	2024		2024			2024			2024			2025			2025			2025		2025		2021		2022			2023			2024			2025


All Other (Managed Basis)^(1)(*)

All Other net income (loss)—managed basis	$	(440)	$	(369)		$	(504)		$	(1,115)		$	(856)		$	(552)		$	(756)	$	(2,290)	$	790	$	41		$	(2,154)		$	(2,428)		$	(4,454)
Add:
Total divestiture-related impacts on revenue⁽²⁾		(12)		33			1			4			-			(177)			2		(1)		(670)		854			1,346			26			(176)
Total divestiture-related impacts on operating expenses⁽³⁾		(110)		(85)			(67)			(56)			(34)			(37)			(766)		(40)		(1,171)		(696)			(372)			(318)			(877)
Total divestiture-related impacts on provisions for credit losses		(11)		3			1			-			11			(5)			3		1		(24)		(76)			67			(7)			10
Total divestiture-related impacts on income taxes		39		17			20			16			8			39			(16)		(70)		223		(266)			(382)			92			(39)
All Other net income (loss)—U.S. GAAP	$	(534)	$	(401)		$	(549)		$	(1,151)		$	(871)		$	(732)		$	(1,533)	$	(2,400)	$	(852)	$	(143)		$	(1,495)		$	(2,635)		$	(5,536)


Legacy Franchises (LF) (Managed Basis)^(1)(*)

Legacy Franchises revenues (managed basis)—as reported	$	1,819	$	1,719		$	1,734		$	1,563		$	1,621		$	1,691		$	1,871	$	329	$	8,718	$	7,556		$	7,282		$	6,835		$	5,512
Less:
Notable item—portion of Russia HFS accounting treatment loss impact on LF revenues⁽⁴⁾		-		-			-			-			-			-			-		(1,556)		-		-			-			-			(1,556)
LF revenues, excluding notable item(s) impact^(*)	$	1,819	$	1,719		$	1,734		$	1,563		$	1,621		$	1,691		$	1,871	$	1,885	$	8,718	$	7,556		$	7,282		$	6,835		$	7,068


LF revenues—Managed Basis^(*)	$	1,819	$	1,719		$	1,734		$	1,563		$	1,621		$	1,691		$	1,871	$	329	$	8,718	$	7,556		$	7,282		$	6,835		$	5,512
Add:
Total divestiture-related impacts on revenues⁽²⁾		(12)		33			1			4			-			(177)			2		(1)		(670)		854			1,346			26			(176)
LF revenues—U.S. GAAP	$	1,807	$	1,752		$	1,735		$	1,567		$	1,621		$	1,514		$	1,873	$	328	$	8,048	$	8,410		$	8,628		$	6,861		$	5,336


LF operating expenses—managed basis^(*)	$	1,605	$	1,550		$	1,475		$	1,381		$	1,334		$	1,287		$	1,320	$	1,222	$	7,330	$	7,051		$	6,718		$	6,011		$	5,163
Add:
Total divestiture-related impacts on operating expenses⁽³⁾		110		85			67			56			34			37			766		40		1,171		696			372			318			877
LF operating expenses—U.S. GAAP	$	1,715	$	1,635		$	1,542		$	1,437		$	1,368		$	1,324		$	2,086	$	1,262	$	8,501	$	7,747		$	7,090		$	6,329		$	6,040


LF provisions for credit losses—managed basis^(*)	$	188	$	238		$	291		$	393		$	358		$	371		$	327	$	447	$	(24)	$	474		$	1,315		$	1,110		$	1,503
Add:
Total divestiture-related impacts on provisions for credit losses		11		(3)			(1)			-			(11)			5			(3)		(1)		24		76			(67)			7			(10)
LF provisions for credit losses—U.S. GAAP	$	199	$	235		$	290		$	393		$	347		$	376		$	324	$	446	$	-	$	550		$	1,248		$	1,117		$	1,493


LF EBIT—managed basis^(*)	$	26	$	(69)		$	(32)		$	(211)		$	(71)		$	33		$	224	$	(1,340)	$	1,412	$	31		$	(751)		$	(286)		$	(1,154)

Add:
Total divestiture-related impacts on revenue⁽²⁾		(12)		33			1			4			-			(177)			2		(1)		(670)		854			1,346			26			(176)
Total divestiture-related impacts on operating expenses⁽³⁾		(110)		(85)			(67)			(56)			(34)			(37)			(766)		(40)		(1,171)		(696)			(372)			(318)			(877)
Total divestiture-related impacts on provisions for credit losses		(11)		3			1			-			11			(5)			3		1		(24)		(76)			67			(7)			10
LF EBIT—U.S. GAAP	$	(107)	$	(118)		$	(97)		$	(263)		$	(94)		$	(186)		$	(537)	$	(1,380)	$	(453)	$	113		$	290		$	(585)		$	(2,197)


LF net income (loss)—managed basis^(*)	$	1	$	(58)		$	(31)		$	(161)		$	(60)		$	60		$	155	$	(1,496)	$	1,266	$	180		$	(440)		$	(249)		$	(1,341)
Add:
Total divestiture-related impacts on revenue⁽²⁾		(12)		33			1			4			-			(177)			2		(1)		(670)		854			1,346			26			(176)
Total divestiture-related impacts on operating expenses⁽³⁾		(110)		(85)			(67)			(56)			(34)			(37)			(766)		(40)		(1,171)		(696)			(372)			(318)			(877)
Total divestiture-related impacts on provisions for credit losses		(11)		3			1			-			11			(5)			3		1		(24)		(76)			67			(7)			10
Total divestiture-related impacts on income taxes		39		17			20			16			8			39			(16)		(70)		223		(266)			(382)			92			(39)
LF net income (loss)—U.S. GAAP	$	(93)	$	(90)		$	(76)		$	(197)		$	(75)		$	(120)		$	(622)	$	(1,606)	$	(376)	$	(4)		$	219		$	(456)		$	(2,423)

*	Represents a non-GAAP financial measure.

(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.

(2)	See footnote 2 on page 14 for details.

(3)	See footnotes 2, 3, 4, 5, and 6 on page 14 for details.

(4)	See footnote 4 on page 12 for details.

Note:

Page 27

Reconciliation of Adjusted Results (Page 4)

(In millions of dollars, except as otherwise noted)


	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2023

Services

Services revenues—as reported	$	3,001	$	3,137	$	3,134	$	3,267	$	3,468	$	4,071	$	4,203	$	4,390	$	4,572	$	4,712	$	4,792	$	4,561
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues⁽¹⁾		-		-		-		-		-		-		-		-		-		-		-		-
Services revenues, excluding notable item(s) impact^(*)	$	3,001	$	3,137	$	3,134	$	3,267	$	3,468	$	4,071	$	4,203	$	4,390	$	4,572	$	4,712	$	4,792	$	4,561

Services non-interest revenue (NIR)—as reported	$	1,326	$	1,430	$	1,445	$	1,472	$	1,433	$	1,586	$	1,409	$	1,339	$	1,446	$	1,469	$	1,352	$	1,119
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues⁽¹⁾		-		-		-		-		-		-		-		-		-		-		-		-
Services NIR, excluding notable item(s) impact^(*)	$	1,326	$	1,430	$	1,445	$	1,472	$	1,433	$	1,586	$	1,409	$	1,339	$	1,446	$	1,469	$	1,352	$	1,119

Banking—Corporate Lending revenues

Banking—Corporate Lending revenues—as reported	$	414	$	421	$	435	$	473	$	594	$	998	$	324	$	18	$	162	$	325	$	340	$	250
Gain (loss) on loan hedges⁽²⁾		(78)		(37)		(46)		21		169		494		(56)		(300)		(199)		(66)		(47)		(131)
Banking—Corp Lending revenues—excluding gain (loss) on loan hedges^(*)	$	492	$	458	$	481	$	452	$	425	$	504	$	380	$	318	$	361	$	391	$	387	$	381

*	Represents a non-GAAP financial measure.

(1)	See footnote 4 on page 12 for details.

(2)	See page 7 for details.

Page 28

Reconciliation of Adjusted Results (Page 4)

(In millions of dollars, except as otherwise noted)


																	Full		Full		Full		Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		Year		Year		Year		Year		Year
	2024		2024		2024		2024		2025		2025		2025		2025		2021		2022		2023		2024		2025

Services

Services revenues—as reported	$	5,043	$	4,914	$	5,207	$	5,104	$	5,204	$	5,430	$	5,730	$	6,272	$	12,539	$	16,132	$	18,637	$	20,268	$	22,636
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues⁽¹⁾		-		-		-		-		-		-		-		356		-		-		-		-		356
Services revenues, excluding notable item(s) impact^(*)	$	5,043	$	4,914	$	5,207	$	5,104	$	5,204	$	5,430	$	5,730	$	5,916	$	12,539	$	16,132	$	18,637	$	20,268	$	22,280


Services non-interest revenue (NIR)—as reported	$	1,726	$	1,689	$	1,772	$	1,658	$	1,706	$	1,800	$	1,907	$	2,222	$	5,673	$	5,767	$	5,386	$	6,845	$	7,635
Less:
Notable item—portion of Russia HFS accounting treatment impact on services revenues⁽¹⁾		-		-		-		-		-		-		-		356		-		-		-		-		356
Services NIR, excluding notable item(s) impact^(*)	$	1,726	$	1,689	$	1,772	$	1,658	$	1,706	$	1,800	$	1,907	$	1,866	$	5,673	$	5,767	$	5,386	$	6,845	$	7,279

Banking—Corporate Lending revenues

Banking—Corporate Lending revenues—as reported	$	362	$	395	$	357	$	414	$	416	$	361	$	409	$	417	$	1,743	$	1,934	$	1,077	$	1,528	$	1,603
Gain (loss) on loan hedges⁽²⁾		(104)		9		(79)		(6)		14		(62)		(44)		(26)		(140)		307		(443)		(180)		(118)
Banking—Corp Lending revenues—excluding gain (loss) on loan hedges^(*)	$	466	$	386	$	436	$	420	$	402	$	423	$	453	$	443	$	1,883	$	1,627	$	1,520	$	1,708	$	1,721

*	Represents a non-GAAP financial measure.

(1)	See footnote 4 on page 12 for details.

(2)	See page 7 for details.

Page 28

Reconciliation of Adjusted Results (Page 5)

(In millions of dollars, or as otherwise noted)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Total Citigroup revenues

Total Citigroup revenues—as reported	$	19,603		$	17,680		$	17,365		$	16,926		$	19,100		$	19,559		$	18,421		$	17,902		$	21,364		$	19,324		$	20,026		$	17,352
Less:
Total divestiture-related impacts on revenues⁽²⁾		-			-			(657)			(13)			(47)			78			614			209			1,018			(6)			396			(62)
Notable item -Russia HFS accounting treatment loss impact on revenues⁽³⁾		-			-			-			-			-			-			-			-			-			-			-			-
Total Citigroup revenues, excluding divestitures impacts and Russia loss^(*)	$	19,603		$	17,680		$	18,022		$	16,939		$	19,147		$	19,481		$	17,807		$	17,693		$	20,346		$	19,330		$	19,630		$	17,414

Total Citigroup operating expenses

Total Citigroup operating expenses—as reported	$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908
Less:
Total divestiture-related impacts on expenses⁽⁴⁾		-			-			-			1,171			559			(28)			107			58			73			79			114			106
FDIC special assessment⁽⁵⁾		-			-			-			-			-			-			-			-			-			-			-			1,706
Total Citigroup operating expenses, excluding divestitures impacts and FDIC special assessment^(5)(*)	$	11,349		$	11,398		$	11,695		$	12,270		$	12,520		$	12,342		$	12,555		$	12,823		$	13,133		$	13,379		$	13,284		$	14,096

Total Citigroup operating expenses—as reported	$	11,349		$	11,398		$	11,695		$	13,441		$	13,079		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908
Less:
Goodwill impairment⁽⁶⁾		-			-			-			-			535			-			-			-			-			-			-			-
Total Citigroup operating expenses, excluding goodwill impairment^(*)	$	11,349		$	11,398		$	11,695		$	13,441		$	12,544		$	12,314		$	12,662		$	12,881		$	13,206		$	13,458		$	13,398		$	15,908

Total Citigroup RoCE and RoTCE

Total Citigroup RoCE—as reported		17.2%			13.0%			9.5%			6.4%			9.0%			9.7%			7.1%			5.0%			9.5%			5.6%			6.7%			(4.5%)
Less:
Notable item -Russia HFS accounting treatment loss impact on net income⁽³⁾		0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps
Total Citigroup RoCE, excluding notable item^(*)		17.2%			13.0%			9.5%			6.4%			9.0%			9.7%			7.1%			5.0%			9.5%			5.6%			6.7%			(4.5%)

Total Citigroup RoTCE—as reported		20.1%			15.2%			11.0%			7.4%			10.5%			11.2%			8.2%			5.8%			10.9%			6.4%			7.7%			(5.1%)
Less:
Notable item -Russia HFS accounting treatment loss impact on net income⁽³⁾		0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps
Total Citigroup RoTCE, excluding notable item^(*)		20.1%			15.2%			11.0%			7.4%			10.5%			11.2%			8.2%			5.8%			10.9%			6.4%			7.7%			(5.1%)

*	Represents a non-GAAP financial measure.

(1)

Not used.

(2)	See footnote 2 on page 14, Citi's 2024 Annual Report on Form 10-K, and Citi's 2023 Annual Report on Form 10-K for details.

(3)	See footnote 4 on page 12 for details.

(4)	See footnotes 2, 3, 4, 5, and 6 on page 14, Citi's 2024 Annual Report on Form 10-K, and Citi's 2023 Annual Report on Form 10-K for details.

(5)	Federal Deposit Insurance Corporation (FDIC) Special Assessment. See Citi's 2024 Annual Report on Form 10-K and Citi's 2023 Annual Report on Form 10-K for details.

(6)	See footnote 5 on page 14 and Citi's 2024 Annual Report on Form 10-K for details.

Note:

Page 29

Reconciliation of Adjusted Results (Page 5)

(In millions of dollars, or as otherwise noted)


																								Full			Full			Full			Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q		Year			Year			Year			Year			Year
	2024			2024			2024			2024			2025			2025			2025			2025		2021			2022			2023			2024			2025

Total Citigroup revenues

Total Citigroup revenues—as reported	$	21,016		$	20,032		$	20,209		$	19,465		$	21,596		$	21,668		$	22,090		$	19,871	$	71,574		$	74,982		$	78,066		$	80,722		$	85,225
Less:
Total divestiture-related impacts on revenues⁽²⁾		(12)			33			1			4			-			(177)			2			(1)		(670)			854			1,346			26			(176)
Notable item -Russia HFS accounting treatment loss impact on revenues⁽³⁾		-			-			-			-			-			-			-			(1,173)		-			-			-			-			(1,173)
Total Citigroup revenues, excluding divestitures impacts and Russia loss^(*)	$	21,028		$	19,999		$	20,208		$	19,461		$	21,596		$	21,845		$	22,088		$	21,045	$	72,244		$	74,128		$	76,720		$	80,696		$	86,574

Total Citigroup operating expenses

Total Citigroup operating expenses—as reported	$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	14,290		$	13,840	$	47,883		$	50,936		$	55,970		$	53,567		$	55,132
Less:
Total divestiture-related impacts on expenses⁽⁴⁾		110			85			67			56			34			37			766			40		1,171			696			372			318			877
FDIC special assessment⁽⁵⁾		251			34			(56)			(26)			20			(20)			(47)			(191)		-			-			1,706			203			(238)
Total Citigroup operating expenses, excluding divestitures impacts
and FDIC special assessment^(5)(*)	$	13,746		$	13,127		$	13,133		$	13,040		$	13,371		$	13,560		$	13,571		$	13,991	$	46,712		$	50,240		$	53,892		$	53,046		$	54,493

Total Citigroup operating expenses—as reported	$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	14,290		$	13,840	$	47,883		$	50,936		$	55,970		$	53,567		$	55,132
Less:
Goodwill impairment⁽⁶⁾		-			-			-			-			-			-			726			-		-			535			-			-			726
Total Citigroup operating expenses, excluding goodwill impairment^(*)	$	14,107		$	13,246		$	13,144		$	13,070		$	13,425		$	13,577		$	13,564		$	13,840	$	47,883		$	50,401		$	55,970		$	53,567		$	54,406

Total Citigroup RoCE and RoTCE

Total Citigroup RoCE—as reported		6.6%			6.3%			6.2%			5.4%			8.0%			7.7%			7.1%			4.5%		11.5%			7.7%			4.3%			6.1%			6.8%
Less:
Notable item -Russia HFS accounting treatment loss impact on net income⁽³⁾		0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			(230) bps		0 bps			0 bps			0 bps			0 bps			(60) bps
Total Citigroup RoCE, excluding notable item^(*)		6.6%			6.3%			6.2%			5.4%			8.0%			7.7%			7.1%			6.8%		11.5%			7.7%			4.3%			6.1%			7.4%

Total Citigroup RoTCE—as reported		7.6%			7.2%			7.0%			6.1%			9.1%			8.7%			8.0%			5.1%		13.4%			8.9%			4.9%			7.0%			7.7%
Less:
Notable item -Russia HFS accounting treatment loss impact on net income⁽³⁾		0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			0 bps			(260) bps		0 bps			0 bps			0 bps			0 bps			(70) bps
Total Citigroup RoTCE, excluding notable item^(*)		7.6%			7.2%			7.0%			6.1%			9.1%			8.7%			8.0%			7.7%		13.4%			8.9%			4.9%			7.0%			8.4%

*	Represents a non-GAAP financial measure.

(1)

Not used.

(2)	See footnote 2 on page 14, Citi's 2024 Annual Report on Form 10-K, and Citi's 2023 Annual Report on Form 10-K for details.

(3)	See footnote 4 on page 12 for details.

(4)	See footnotes 2, 3, 4, 5, and 6 on page 14, Citi's 2024 Annual Report on Form 10-K, and Citi's 2023 Annual Report on Form 10-K for details.

(5)	Federal Deposit Insurance Corporation (FDIC) Special Assessment. See Citi's 2024 Annual Report on Form 10-K and Citi's 2023 Annual Report on Form 10-K for details.

(6)	See footnote 5 on page 14 and Citi's 2024 Annual Report on Form 10-K for details.

Note:

Page 29

Reconciliation of Adjusted Results (Page 6)

(In millions of dollars, except as otherwise noted)


	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2023

Legacy Franchises (LF) exits contribution⁽¹⁾

Revenues

Closed or signed markets revenues—Ex-divestitures	$	737		$	727		$	692		$	687		$	648		$	643		$	612		$	439		$	397		$	382		$	212		$	184
Add:
Divestiture-related impacts on closed or signed markets revenues		-			-			(657)			(13)			(47)			78			614			209			1,067			(11)			397			(5)
Closed or signed markets revenues—U.S. GAAP	$	737		$	727		$	35		$	674		$	601		$	721		$	1,226		$	648		$	1,464		$	371		$	609		$	179

Mexico Consumer/SBMM Revenues—Ex-divestitures	$	1,110		$	1,152		$	1,139		$	1,138		$	1,111		$	1,161		$	1,146		$	1,219		$	1,289		$	1,406		$	1,519		$	1,454
Add:
Divestiture-related impacts on Mexico/SBMM		-			-			-			-			-			-			-			-			-			-			-			-
Mexico Consumer/SBMM revenues—U.S. GAAP	$	1,110		$	1,152		$	1,139		$	1,138		$	1,111		$	1,161		$	1,146		$	1,219		$	1,289		$	1,406		$	1,519		$	1,454

Wind-downs/sale/other revenues—Ex-divestitures	$	325		$	335		$	342		$	334		$	181		$	28		$	177		$	191		$	137		$	126		$	100		$	76
Add:
Divestiture-related impacts on wind-downs/sale/other revenues		-			-			-			-			-			-			-			-			(49)			5			(1)			(57)
Wind-downs/sale/other revenues—U.S. GAAP	$	325		$	335		$	342		$	334		$	181		$	28		$	177		$	191		$	88		$	131		$	99		$	19

Expenses

Closed or signed markets expenses—Ex-divestitures	$	611		$	627		$	611		$	658		$	646		$	684		$	605		$	548		$	501		$	463		$	426		$	350
Add:
Divestiture-related impacts on closed or signed markets expenses		-			-			-			-			-			-			107			31			45			21			48			37
Closed or signed markets expenses—U.S. GAAP	$	611		$	627		$	611		$	658		$	646		$	684		$	712		$	579		$	546		$	484		$	474		$	387

Mexico Consumer/SBMM expenses—Ex-divestitures	$	770		$	789		$	762		$	783		$	776		$	851		$	852		$	915		$	939		$	980		$	1,015		$	1,068
Add:
Divestiture-related impacts on Mexico/SBMM		-			-			-			-			-			-			-			25			25			48			60			62
Mexico Consumer/SBMM expenses—U.S. GAAP	$	770		$	789		$	762		$	783		$	776		$	851		$	852		$	940		$	964		$	1,028		$	1,075		$	1,130

Wind-downs/sale/other Expenses—Ex-divestitures	$	512		$	404		$	412		$	391		$	296		$	276		$	293		$	309		$	256		$	272		$	241		$	207
Add:
Divestiture-related impacts on wind-downs/sale/other expenses		-			-			-			1,171			559			(28)			-			2			3			10			6			7
Wind-downs/sale/other expenses—U.S. GAAP	$	512		$	404		$	412		$	1,562		$	855		$	248		$	293		$	311		$	259		$	282		$	247		$	214

(1)

For this presentation, AO Citibank (Russia) has been classified as “Closed or signed markets” for all periods presented. Citi’s 4Q25 Financial Data Supplement (issued on January 14, 2026) had AO Citibank (Russia) classified as “Wind-down/sale/other” because the sale of AO Citibank (Russia) was not signed and closed until February 18, 2026.

Note:

See “All Other—Divestiture-Related Impacts (Reconciling Items)” in Citi’s Annual Reports on Form 10-K for the years ended December 31, 2025, 2024 and 2023, and “Legacy Franchises” in Citi’s Annual Report on Form 10-K for the year ended December 31, 2022 for additional information on divestiture-related impacts.

Page 30

Reconciliation of Adjusted Results (Page 6)

(In millions of dollars, except as otherwise noted)


																								Full			Full			Full			Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q		Year			Year			Year			Year			Year
	2024			2024			2024			2024			2025			2025			2025			2025		2021			2022			2023			2024			2025

Legacy Franchises (LF) exits contribution⁽¹⁾

Revenues


Closed or signed markets revenues—Ex-divestitures	$	189		$	171		$	147		$	117		$	108		$	118		$	122		$	(1,456)	$	2,843		$	2,342		$	1,175		$	624		$	(1,108)
Add:
Divestiture-related impacts on closed or signed markets revenues		-			2			-			4			-			(177)			2			(1)		(670)			854			1,448			6			(176)
Closed or signed markets revenues—U.S. GAAP	$	189		$	173		$	147		$	121		$	108		$	(59)		$	124		$	(1,457)	$	2,173		$	3,196		$	2,623		$	630		$	(1,284)

Mexico Consumer/SBMM Revenues—Ex-divestitures	$	1,563		$	1,633		$	1,523		$	1,422		$	1,467		$	1,536		$	1,722		$	1,775	$	4,539		$	4,637		$	5,668		$	6,141		$	6,500
Add:
Divestiture-related impacts on Mexico/SBMM		-			-			-			-			-			-			-			-		-			-			-			-			-
Mexico Consumer/SBMM revenues—U.S. GAAP	$	1,563		$	1,633		$	1,523		$	1,422		$	1,467		$	1,536		$	1,722		$	1,775	$	4,539		$	4,637		$	5,668		$	6,141		$	6,500

Wind-downs/sale/other revenues—Ex-divestitures	$	67		$	(85)		$	64		$	24		$	46		$	37		$	27		$	10	$	1,336		$	577		$	439		$	70		$	120
Add:
Divestiture-related impacts on wind-downs/sale/other revenues		(12)			31			1			-			-			-			-			-		-			-			(102)			20			-
Wind-downs/sale/other revenues—U.S. GAAP	$	55		$	(54)		$	65		$	24		$	46		$	37		$	27		$	10	$	1,336		$	577		$	337		$	90		$	120

Expenses

Closed or signed markets expenses—Ex-divestitures	$	246		$	247		$	202		$	162		$	135		$	161		$	133		$	108	$	2,507		$	2,483		$	1,740		$	857		$	537
Add:
Divestiture-related impacts on closed or signed markets expenses		11			12			13			12			10			7			4			8		-			138			151			48			29
Closed or signed markets expenses—U.S. GAAP	$	257		$	259		$	215		$	174		$	145		$	168		$	137		$	116	$	2,507		$	2,621		$	1,891		$	905		$	566

Mexico Consumer/SBMM expenses—Ex-divestitures	$	1,123		$	1,049		$	1,001		$	1,036		$	1,039		$	954		$	1,013		$	928	$	3,104		$	3,394		$	4,002		$	4,209		$	3,934
Add:
Divestiture-related impacts on Mexico/SBMM		61			67			42			36			21			30			759			34		-			25			195			206			844
Mexico Consumer/SBMM expenses—U.S. GAAP	$	1,184		$	1,116		$	1,043		$	1,072		$	1,060		$	984		$	1,772		$	962	$	3,104		$	3,419		$	4,197		$	4,415		$	4,778

Wind-downs/sale/other Expenses—Ex-divestitures	$	236		$	254		$	272		$	183		$	160		$	172		$	174		$	186	$	1,719		$	1,174		$	976		$	945		$	692
Add:
Divestiture-related impacts on wind-downs/sale/other expenses		38			6			12			8			3			-			3			(2)		1,171			533			26			64			4
Wind-downs/sale/other expenses—U.S. GAAP	$	274		$	260		$	284		$	191		$	163		$	172		$	177		$	184	$	2,890		$	1,707		$	1,002		$	1,009		$	696

(1)

Note:

Page 30

CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT		4Q25 Historical
			Page	Notes: In order to facilitate comparability with the Citigroup Inc. (Citi) first quarter of 2026 earnings materials to be issued on April 14, 2026, Citi is providing this Historical Quarterly Financial Data Supplement for the five-year quarterly and annual periods ended December 31, 2025, reflecting the following first quarter of 2026 reporting changes: * Citi transferred its Retail Banking business from U.S. Personal Banking (USPB) to Wealth and integrated the remaining USPB businesses into a new U.S. Consumer Cards segment. For additional information about these reporting changes, refer to Citi’s 2025 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 20, 2026. - As part of this transfer, the financial results, balance sheet and tangible common equity (TCE) of the Retail Banking business moved to the Wealth segment. * Citi allocates TCE internally to its businesses annually, taking into consideration a variety of factors, including the economics of client relationships that cross businesses. In addition to reallocating TCE for the transfer of the businesses referenced above, in the first quarter 2026, Citi updated its TCE methodology among the Services, Markets and Banking segments to better align their capital usage associated with the shared economic benefits of corporate lending to clients across these segments, eliminating the need for a corporate lending revenue share arrangement, which had historically been reflected in the “All Other” revenue line item of these segments. - The updated methodology increased the allocated TCE of Services and Markets, decreased the allocated TCE of Banking, increased the revenues of Services and Markets and decreased the revenues of Banking. * Certain interest rate risk-management activities within Markets were moved to Corporate/Other, or between businesses within Markets. These changes impact the results for Markets, as well as Corporate/Other. Prior period results and TCE allocations for the segments referenced above have been recast to reflect these reporting changes. Citi’s consolidated results and TCE remain unchanged for all periods presented. Printing note: This Supplement is formatted to print on two pages for each sheet (due to the number of time periods included). The vertical header columns repeat on the second page of each sheet, but due to formatting constraints, the repeating footnotes on the second page are truncated. Please refer to the first page of each sheet for the full footnotes. Viewing in Excel or PDF is unaffected.
	Citigroup
	Financial Summary		1
	Consolidated Statement of Income		2
	Consolidated Balance Sheet		3
	Segment Net Revenues and Income (Loss)		4

	Services		5
	Markets		6
	Banking		7
	Wealth		8
	U.S. Consumer Cards (USCC)		9
	Metrics		10
	All Other		11
	Legacy Franchises		12
	Corporate/Other		13
	Divestiture-Related Impacts—Reconciling Items		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
	Common Equity Tier 1 (CET1) Capital and Supplementary Leverage Ratios		22
	Tangible Common Equity, Common Equity, Book Value per Share,Tangible Book Value Per Share (TBVPS) and Returns on Common Equity (RoCE) and Tangible Common Equity (RoTCE)		23

	Reconciliations of Adjusted Results and FX Impact
	FX Impact		24
	Total Citigroup Revenues, Net Interest Income (NII) and Non-Interest Revenues (NIR), and Total Citigroup Operating Expenses		25
	Notable Items Adjustments and All Other (Managed Basis)		26
	All Other (Managed Basis), and Legacy Franchises (Managed Basis)		27
	Services and Banking—Corporate Lending Revenues		28
	2021 - 2025 Annual—Total Citigroup Revenues, Total Operating Expenses, RoCE and RoTCE		29
	Legacy Franchises Exits Contribution		30


	Average Volumes						Interest						% Average Rate⁽⁴⁾
	4Q24		3Q25		4Q25⁽⁵⁾		4Q24		3Q25		4Q25⁽⁵⁾		4Q24		3Q25		4Q25⁽⁵⁾
Assets
Deposits with banks	$	284,050	$	332,245	$	333,848	$	3,010	$	3,435	$	3,190	4.22%		4.10%		3.79%
Securities borrowed and purchased under resale agreements⁽⁶⁾		324,484		357,804		364,353		6,847		7,003		7,047	8.39%		7.77%		7.67%
Trading account assets⁽⁷⁾		408,741		523,334		523,690		4,494		5,289		5,317	4.37%		4.01%		4.03%
Investments		484,416		449,689		447,982		4,318		4,177		4,192	3.55%		3.69%		3.71%
Consumer loans		388,366		396,333		401,451		9,913		10,150		10,121	10.15%		10.16%		10.00%
Corporate loans		299,641		328,686		335,263		5,378		5,263		5,286	7.14%		6.35%		6.26%
Total loans (net of unearned income)⁽⁸⁾		688,007		725,019		736,714		15,291		15,413		15,407	8.84%		8.43%		8.30%
Other interest-earning assets		71,125		83,974		96,860		1,112		1,400		1,521	6.22%		6.61%		6.23%
Total average interest-earning assets	$	2,260,823	$	2,472,065	$	2,503,447	$	35,072	$	36,717	$	36,674	6.17%		5.89%		5.81%

Liabilities
Deposits	$	1,116,527	$	1,180,367	$	1,218,253	$	9,361	$	9,163	$	8,680	3.34%		3.08%		2.83%
Securities loaned and sold under repurchase agreements⁽⁶⁾		317,665		401,821		384,902		6,628		7,356		7,101	8.30%		7.26%		7.32%
Trading account liabilities⁽⁷⁾		91,601		107,815		103,820		933		755		753	4.05%		2.78%		2.88%
Short-term borrowings and other interest-bearing liabilities		123,004		147,175		154,999		1,830		1,933		1,907	5.92%		5.21%		4.88%
Long-term debt⁽⁹⁾		177,288		187,340		186,846		2,562		2,543		2,543	5.75%		5.39%		5.40%
Total average interest-bearing liabilities	$	1,826,085	$	2,024,518	$	2,048,820	$	21,314	$	21,750	$	20,984	4.64%		4.26%		4.06%


Net interest income as a % of average interest-earning assets (NIM)⁽⁹⁾							$	13,758	$	14,967	$	15,690	2.42%		2.40%		2.49%

4Q25 increase (decrease) from:													7 bps		9 bps