8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 10, 2024

Citigroup Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-9924	52-1568099
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
388 Greenwich Street, New York, NY (Address of principal executive offices)		10013 (Zip Code)

(212) 559-1000

(Registrant’s telephone number,
including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 formatted in Inline XBRL:  See Exhibit 99.3

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

CITIGROUP INC.

Current Report on Form 8-K

Item 2.02 Results of Operations and Financial Condition.

The fourth quarter of 2023 pretax results for Citigroup Inc. (Citi) were impacted by the following new discrete item:

● Citi recorded a $1.3 billion reserve build in the quarter related to increases in transfer risk associated with exposures outside the U.S., driven by safety and soundness considerations under U.S. banking law; more specifically, cross-border and cross-currency exposures in Argentina ($720 million), based on prevailing economic trends, currency devaluation and geopolitical risk that may impact Argentina’s ability to sustain external debt service, and in Russia ($580 million) for the prolonged political and economic instability. For additional information on transfer and other country risks, see “Country Risk–Argentina,” “Country Risk– Russia” and “Forward-Looking Statements” in Citi’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 (3Q23 Form 10-Q) and “Risk Factors—Other Risks” in Citi’s 2022 Annual Report on Form 10-K (2022 Form 10-K).

In addition, Citi’s fourth quarter of 2023 pretax results were impacted by the following items previously discussed by Citi, but which have now been finalized, and are being disclosed for transparency purposes:

● Citi recorded an approximate $1.7 billion charge to operating expenses in the quarter (previously estimated to be up to $1.5 billion in Citi’s 3Q23 Form 10-Q, and subsequently estimated to be approximately $1.65 billion during a recent Citi investor presentation) related to the Federal Deposit Insurance Corporation special assessment. For additional information, see page 6 of Citi’s 3Q23 Form 10-Q.

● Citi recorded an approximate $880 million translation loss in revenues in Argentina in the quarter, as a result of the recent devaluation of the Argentine peso. This decrease in revenues impacted Services, Markets and Banking (see discussion of these new operating segments in Item 7.01 below). Citi also generated net interest income of approximately $250 million on its net investments in Argentina in the fourth quarter of 2023, which is not included above. For additional information on Argentine-related devaluation risk, see “Country Risk–Argentina, and “Forward-Looking Statements” in Citi’s 3Q23 Form 10-Q and “Risk Factors—Other Risks” in Citi’s 2022 Form 10-K.

● Citi recorded approximately $780 million in restructuring charges in the quarter, largely driven by severance, non-cash asset impairments and other related charges, as part of Citi’s implementation of its organizational and management simplification initiatives as of year-end 2023. For additional information, see pages 3 and 5 of Citi’s 3Q23 Form 10-Q.

These items will be reflected in Citi’s fourth quarter and full-year 2023 earnings materials to be released on January 12, 2024.

Item 7.01 Regulation FD Disclosure.

As previously disclosed in Citi’s 3Q23 Form 10-Q, Citi indicated it would be making changes to its operating model to simplify the company and further align its organizational structure with its business strategy. As of the fourth quarter of 2023, Citi completed these changes to its operating model, which, among other things, included eliminating the Institutional Clients Group and Personal Banking and Wealth Management operating segments and establishing a new financial reporting structure consisting of five reportable operating segments—Services, Markets, Banking, U.S. Personal Banking and Wealth. Activities not assigned to the reportable operating segments are included in a new All Other category, which consists of Legacy Franchises and Corporate/Other. For additional information on these changes, see page 3 of Citi’s 3Q23 Form 10-Q.

Citi is furnishing, as Exhibit 99.1, the attached Summary Historical Financial Information for the quarterly periods ended March 31, 2021 through September 30, 2023 and the annual periods ended December 31, 2021 and 2022, reflecting the fourth quarter 2023 revision to its financial reporting structure. This Summary Historical Financial Information is being provided to assist with comparability of information to be presented in Citi’s fourth quarter and full-year of 2023 earnings materials.

Citi will also reflect its new financial reporting structure in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

Items 2.02 and 7.01 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section or incorporated by reference into any filings under the Securities Act of 1933.

As previously announced, Citi’s Chief Executive Officer and Chief Financial Officer will discuss Citi’s fourth quarter earnings, including forward looking outlook and future trajectory, during its January 12, 2024 Earnings Call (call details will be provided in Citi’s January 12, 2024 Earnings Release, as well as on Citi’s website at: https://www.citigroup.com/global/investors).

Item 9.01 Financial Statements and Exhibits.

​
(d) Exhibits.

Exhibit Number
99.1	Citigroup Inc. Summary Historical Financial Information for the quarterly periods ended March 31, 2021 through September 30, 2023 and annual periods ended December 31, 2021 and 2022.
99.2	Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 as of the filing date.
104.1	See the cover page of this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CITIGROUP INC.
Dated: January 10, 2024
	By:	/s/ Johnbull E. Okpara
		Johnbull E. Okpara
		Controller and Chief Accounting Officer
		(Principal Accounting Officer)

EX-99.1

Exhibit 99.1

	Historical
CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT	1Q21 - 3Q23
	Page
Citigroup
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Operating Segment, Reporting Unit, and Component—Net Revenues and Income	4
Services	5
Markets	6
Banking	7
U.S. Personal Banking (USPB)	8
Metrics	9
Wealth	10
All Other	11
Legacy Franchises	12
Corporate/Other	13
Reconciling Items—Divestiture-related impacts	14
Citigroup Supplemental Detail
Average Balances and Interest Rates	15
Loans	16
Deposits	17
Allowance for Credit Losses (ACL) Rollforward	18
Allowance for Credit Losses on Loans (ACLL) and Unfunded Lending Commitments (ACLUC)	19 - 20
Non-Accrual Assets	21
CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share	22

As previously disclosed in the Citigroup Inc. (Citi) Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 (3Q23 Form 10-Q), Citi indicated it would be making changes to its operating model to simplify the company and further align its organizational structure with its business strategy. As of the fourth quarter of 2023, Citi completed these changes to its operating model, which among other things included eliminating the Institutional Clients Group, Personal Banking and Wealth Management, and Legacy Franchises operating segments and establishing a new financial reporting structure consisting of five reportable operating segments—Services, Markets, Banking, U.S. Personal Banking, and Wealth. Activities not assigned to the reportable operating segments are included in a new All Other category, which consists of Legacy Franchises and Corporate/Other. For additional information on these changes, see page 3 of Citi’s 3Q23 Form 10-Q.

CITIGROUP FINANCIAL SUMMARY

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

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Total revenues, net of interest expense(1)(2)(3)(4)	$	19,667		$	17,753		$	17,447		$	17,017		$	19,186		$	19,638		$	18,508		$	18,006		$	21,447		$	19,436		$	20,139		$	71,884		$	75,338
Total operating expenses(5)		11,413			11,471			11,777			13,532			13,165			12,393			12,749			12,985			13,289			13,570			13,511			48,193			51,292
Net credit losses (NCLs)		1,748			1,320			961			866			872			850			887			1,180			1,302			1,504			1,637			4,895			3,789
Credit reserve build / (release) for loans		(3,227)			(2,446)			(1,149)			(1,176)			(612)			534			441			593			435			257			179			(7,998)			956
Provision / (release) for unfunded lending commitments		(626)			44			(13)			(193)			474			(159)			(71)			47			(194)			(96)			(54)			(788)			291
Provisions for benefits and claims, HTM debt securities and other assets		50			16			9			38			21			49			108			25			432			159			78			113			203
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			(3,778)			5,239
Income 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			27,469			18,807
Income taxes(6)		2,332			1,155			1,193			771			941			1,182			879			640			1,531			1,090			1,203			5,451			3,642
Income 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			22,018			15,165
Income (loss) from discontinued operations, net of taxes(7)		(2)			10			(1)			—			(2)			(221)			(6)			(2)			(1)			(1)			2			7			(231)
Net income 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			22,025			14,934
Net income (loss) attributable to noncontrolling interests		33			10			24			6			17			21			30			21			45			36			41			73			89
Citigroup's net income	$	7,942		$	6,193		$	4,644		$	3,173		$	4,306		$	4,547		$	3,479		$	2,513		$	4,606		$	2,915		$	3,546		$	21,952		$	14,845
Diluted earnings per share:
Income 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		$	10.14		$	7.11
Citigroup's net income	$	3.62		$	2.85		$	2.15		$	1.46		$	2.02		$	2.19		$	1.63		$	1.16		$	2.19		$	1.33		$	1.63		$	10.14		$	7.00
Preferred dividends	$	292		$	253		$	266		$	229		$	279		$	238		$	277		$	238		$	277		$	288		$	333		$	1,040		$	1,032
Income allocated to unrestricted common shareholders—basic
Income from continuing operations	$	7,586		$	5,889		$	4,353		$	2,924		$	4,004		$	4,495		$	3,180		$	2,253		$	4,296		$	2,595		$	3,158		$	20,751		$	13,930
Citigroup's net income	$	7,584		$	5,899		$	4,352		$	2,924		$	4,002			4,274		$	3,174		$	2,251		$	4,295		$	2,594		$	3,160		$	20,758		$	13,700
Income allocated to unrestricted common shareholders—diluted
Income from continuing operations	$	7,593		$	5,897		$	4,360		$	2,932		$	4,012		$	4,506		$	3,191		$	2,264		$	4,307		$	2,610		$	3,174		$	20,781		$	13,971
Citigroup's net income	$	7,591		$	5,907		$	4,360		$	2,932		$	4,010		$	4,285		$	3,185		$	2,262		$	4,306		$	2,609		$	3,176		$	20,789		$	13,741
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			2,033.0			1,946.7
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			2,049.4			1,964.3
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
Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio(8)(9)		11.57	%		11.77	%		11.65	%		12.25	%		11.43	%		11.95	%		11.56	%		13.03	%		13.44	%		13.37	%		13.59	%		12.25	%		13.03	%
Tier 1 Capital ratio(8)(9)		13.24	%		13.28	%		13.15	%		13.91	%		13.05	%		13.62	%		13.18	%		14.80	%		15.31	%		15.24	%		15.40	%		13.91	%		14.80	%
Total Capital ratio(8)(9)		15.36	%		15.58	%		15.37	%		16.04	%		14.84	%		15.20	%		14.80	%		15.46	%		15.40	%		15.84	%		15.78	%		16.04	%		15.46	%
Supplementary Leverage ratio (SLR)(9)(10)		6.95	%		5.84	%		5.80	%		5.73	%		5.58	%		5.66	%		5.71	%		5.82	%		5.96	%		5.97	%		6.04	%		5.73	%		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	%		0.94	%		0.62	%
Return on average common equity		17.2	%		13.0	%		9.5	%		6.4	%		9.0	%		9.7	%		7.1	%		5.0	%		9.5	%		5.6	%		6.7	%		11.5	%		7.7	%
Average tangible common equity (TCE) (in billions of dollars)	$	154.7		$	156.9		$	157.4		$	157.0		$	155.3		$	154.4		$	155.5		$	156.9		$	161.1		$	164.1		$	165.3		$	156.3		$	155.9
Return on average tangible common equity (RoTCE)(11)		20.1	%		15.2	%		11.0	%		7.4	%		10.5	%		11.2	%		8.2	%		5.8	%		10.9	%		6.4	%		7.7	%		13.4	%		8.9	%
Efficiency ratio (total operating expenses/total revenues, net)		58.0	%		64.6	%		67.5	%		79.5	%		68.6	%		63.1	%		68.9	%		72.1	%		62.0	%		69.8	%		67.1	%		67.0	%		68.1	%
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		$	2,291.4		$	2,416.7
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			2,347.7			2,396.0
Total loans		666.0			676.8			664.8			667.8			659.7			657.3			646.0			657.2			652.0			660.6			666.3			667.8			657.2
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			1,317.2			1,366.0
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			202.0			201.2
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			92.21			94.06
Tangible book value per share		75.50			77.87			79.07			79.16			79.03			80.25			80.34			81.65			84.21			85.34			86.90			79.16			81.65
Direct staff (in thousands)		211			214			220			223			228			231			238			240			240			240			240			223			240

(1) See footnote 9 on page 14.

(2) See footnote 7 on page 14.

(3) See footnote 5 on page 14.

(4) See footnote 2 on page 14.

(5) See footnote 3 on page 14.

(6) 2Q21 includes an approximate $600 million benefit from a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(7) 2Q22 discontinued operations reflects the release of a currency translation adjustment (CTA) loss (net of hedges) recorded in Accumulated Other Comprehensive Income (AOCI) related to the substantial liquidation of a legal entity (with a non-U.S. dollar functional currency), that had previously divested a legacy business.

(8) Citi's binding CET1 Capital and Tier 1 Capital ratios were derived under the Basel III Standardized Approach from December 31, 2022 to September 30, 2023, and from June 30, 2021 to June 30, 2022. Citi's binding CET1 Capital and Tier 1 Capital ratios were derived under the Basel III Advanced Approaches framework as of March 31, 2021 and September 30, 2022. Citi's binding Total Capital ratios were derived under the Basel III Advanced Approaches framework for all periods presented. For the composition of Citi's CET1 Capital and ratio, see page 22.

(9) Citi's regulatory capital ratios and components reflect certain deferrals based on the modified regulatory capital transition provision related to the Current Expected Credit Losses (CECL) standard. For additional information, see "Capital Resources-Regulatory Capital Treatment-Modified Transition of the Current Expected Credit Losses Methodology" in Citigroup's 2022 Annual Report on Form 10-K.

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

(11) TCE and RoTCE are non-GAAP financial measures. See page 22 for a reconciliation of Citi's average TCE to Citi's total average stockholders' equity.

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

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																							Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		Year		Year
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2021		2022
Revenues
Interest revenue	$	12,534	$	12,463	$	12,650	$	12,828	$	13,151	$	15,630	$	19,919	$	25,708	$	29,395	$	32,647	$	34,837	$	50,475	$74,408
Interest expense		2,028		1,985		1,959		2,009		2,280		3,666		7,356		12,438		16,047		18,747		21,009		7,981	25,740
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		42,494	48,668
Commissions and fees		3,670		3,374		3,399		3,229		2,568		2,452		2,139		2,016		2,366		2,132		2,195		13,672	9,175
Principal transactions		3,913		2,304		2,233		1,704		4,590		4,525		2,625		2,419		3,939		2,528		3,008		10,154	14,159
Administrative and other fiduciary fees		961		1,022		1,007		953		966		1,023		915		880		896		989		971		3,943	3,784
Realized gains (losses) on investments		401		137		117		10		80		(58)		52		(7)		72		49		30		665	67
Impairment losses on investments and other assets		(69)		(13)		(30)		(94)		(90)		(96)		(91)		(222)		(86)		(71)		(70)		(206)	(499)
Provision for credit losses on AFS debt securities(1)		—		—		(1)		(2)		—		2		5		(2)		(1)		1		(1)		(3)	5
Other revenue (loss)		285		451		31		398		201		(174)		300		(348)		913		(92)		178		1,165	(21)
Total non-interest revenues (NIR)		9,161		7,275		6,756		6,198		8,315		7,674		5,945		4,736		8,099		5,536		6,311		29,390	26,670
Total revenues, net of interest expense	$	19,667	$	17,753	$	17,447	$	17,017	$	19,186	$	19,638	$	18,508	$	18,006	$	21,447	$	19,436	$	20,139		71,884	75,338
Provisions for credit losses and for benefits and claims
Net credit losses		1,748		1,320		961		866		872		850		887		1,180		1,302		1,504		1,637		4,895	3,789
Credit reserve build / (release) for loans		(3,227)		(2,446)		(1,149)		(1,176)		(612)		534		441		593		435		257		179		(7,998)	956
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		(3,103)	4,745
Provision for credit losses on held-to-maturity (HTM) debt securities		(11)		4		(10)		14		(2)		20		10		5		(17)		(4)		(3)		(3)	33
Provision for credit losses on other assets		9		(3)		(3)		(3)		(4)		7		73		—		425		149		56		—	76
Policyholder benefits and claims		52		15		22		27		27		22		25		20		24		14		25		116	94
Provision for credit losses on unfunded lending commitments		(626)		44		(13)		(193)		474		(159)		(71)		47		(194)		(96)		(54)		(788)	291
Total provisions for credit losses and for benefits and claims(2)		(2,055)		(1,066)		(192)		(465)		755		1,274		1,365		1,845		1,975		1,824		1,840		(3,778)	5,239
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		25,134	26,655
Premises and equipment		576		558		560		620		543		619		557		601		598		595		620		2,314	2,320
Technology / communication		1,852		1,895		1,997		2,084		2,016		2,068		2,145		2,358		2,127		2,309		2,256		7,828	8,587
Advertising and marketing		270		340		402		478		311		414		407		424		331		361		324		1,490	1,556
Other operating(3)		2,714		2,696		2,760		3,257		3,475		2,820		2,895		2,984		2,695		2,917		2,887		11,427	12,174
Total operating expenses		11,413		11,471		11,777		13,532		13,165		12,393		12,749		12,985		13,289		13,570		13,511		48,193	51,292
Income 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		27,469	18,807
Provision for income taxes(4)		2,332		1,155		1,193		771		941		1,182		879		640		1,531		1,090		1,203		5,451	3,642
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		22,018	15,165
Discontinued operations(5)
Income (loss) from discontinued operations		(2)		10		(1)		—		(2)		(262)		(6)		(2)		(1)		(1)		2		7	(272)
Provision (benefit) for income taxes		—		—		—		—		—		(41)		—		—		—		—		—		—	(41)
Income (loss) from discontinued operations, net of taxes		(2)		10		(1)		—		(2)		(221)		(6)		(2)		(1)		(1)		2		7	(231)
Net income 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		22,025	14,934
Net income (loss) attributable to noncontrolling interests		33		10		24		6		17		21		30		21		45		36		41		73	89
Citigroup's net income	$	7,942	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	$	3,479	$	2,513	$	4,606	$	2,915	$	3,546	$	21,952	$14,845

(1)This presentation is in accordance with ASC 326, which requires the provision for credit losses on AFS securities to be included in revenue.

(2)This total excludes the provision for credit losses on AFS securities, which is disclosed separately above.

(3)See footnote 3 on page 14.

(4)See footnote 6 on page 1.

(5)See footnote 7 on page 1.

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,
	2021		2021		2021		2021		2022		2022		2022		2022		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
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
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
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
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
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
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
Equity securities		7,181		7,344		7,220		7,337		7,281		7,787		8,009		8,040		7,749		7,745		7,759
Total investments		472,959		487,063		500,849		512,822		514,602		513,878		508,016		526,582		512,578		507,145		508,998
Loans, net of unearned income
Consumer(2)		375,532		380,804		369,292		376,534		350,328		355,605		357,583		368,067		363,696		374,591		377,714
Corporate(3)		290,456		296,030		295,472		291,233		309,341		301,728		288,377		289,154		288,299		286,021		288,634
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
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)
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
Goodwill		21,905		22,060		21,573		21,299		19,865		19,597		19,326		19,691		19,882		19,998		19,829
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
Property, plant and equipment, net		23,379		23,658		23,671		24,328		24,624		24,788		25,157		26,253		27,119		27,818		27,959
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
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
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
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
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
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
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
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
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
Securities loaned and sold under agreements to resell		219,168		221,817		209,184		191,285		204,494		198,472		203,429		202,444		257,681		260,035		256,770
Brokerage payables		60,907		59,416		60,501		61,430		91,324		96,474		87,841		69,218		76,708		69,433		75,076
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
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
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
Other liabilities(4)		62,404		62,701		75,810		74,920		94,066		86,552		87,276		87,873		76,365		79,314		69,380
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
Equity
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
Common stock		31		31		31		31		31		31		31		31		31		31		31
Additional paid-in capital		107,694		107,820		107,922		108,003		108,050		108,210		108,347		108,458		108,369		108,579		108,757
Retained earnings		174,816		179,686		183,024		184,948		187,962		191,261		193,462		194,734		198,353		199,976		202,135
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)
Accumulated other comprehensive income (loss) (AOCI)		(35,011)		(35,120)		(36,851)		(38,765)		(43,585)		(45,495)		(48,298)		(47,062)		(45,441)		(45,865)		(46,177)
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
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
Noncontrolling interests		724		751		735		700		644		612		557		649		724		703		692
Total equity		203,273		202,910		201,610		202,672		198,353		199,626		199,117		201,838		209,019		209,422		210,195
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

(1) Not used.

(2) Consumer loans include loans managed by USPB, Wealth and All Other-Legacy Franchises (other than Mexico Small Business and Middle-Market Banking (Mexico SBMM) loans) that are included in Consumer loans.

(3) Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises-Mexico SBMM that are included in Corporate loans.

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

Reclassified to conform to the current period's presentation.

Page 3

OPERATING SEGMENT, REPORTING UNIT AND COMPONENT DETAILS

(In millions of dollars)

																							Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		Year		Year
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2021		2022
Revenues, net of interest expense
Services	$	2,996	$	3,131	$	3,130	$	3,266	$	3,344	$	3,931	$	4,080	$	4,264	$	4,383	$	4,545	$	4,622	$	12,523	$	15,619
Markets		6,401		4,577		4,776		3,645		6,112		5,536		4,326		4,187		5,817		4,838		4,792		19,399		20,161
Banking		1,987		1,814		2,039		1,943		1,654		1,898		1,066		778		1,141		1,134		1,344		7,783		5,396
U.S. Personal Banking		4,066		3,816		3,966		3,997		3,998		4,134		4,333		4,407		4,711		4,619		4,917		15,845		16,872
Wealth		1,939		1,898		1,900		1,805		1,932		1,920		1,873		1,723		1,766		1,799		1,855		7,542		7,448
All Other—managed basis(1)(2)		2,278		2,517		2,293		2,374		2,193		2,141		2,216		2,438		2,611		2,507		2,213		9,462		8,988
Reconciling Items—Divestiture-related impacts(3)		—		—		(657)		(13)		(47)		78		614		209		1,018		(6)		396		(670)		854
Total net revenues—reported	$	19,667	$	17,753	$	17,447	$	17,017	$	19,186	$	19,638	$	18,508	$	18,006	$	21,447	$	19,436	$	20,139	$	71,884	$	75,338
Income (loss) from continuing operations
Services	$	910	$	1,010	$	909	$	939	$	564	$	1,445	$	1,536	$	1,379	$	1,302	$	1,224	$	1,348	$	3,768	$	4,924
Markets		2,929		1,564		1,476		692		2,361		1,921		839		803		1,894		1,167		1,081		6,661		5,924
Banking		1,661		924		775		745		(188)		696		(67)		(58)		66		42		170		4,105		383
U.S. Personal Banking		1,927		1,325		1,488		1,359		1,608		444		664		54		402		461		756		6,099		2,770
Wealth		612		544		489		323		356		202		217		175		159		64		118		1,968		950
All Other—managed basis(1)(2)		(62)		826		112		183		212		46		70		70		181		86		(102)		1,059		398
Reconciling Items—Divestiture-related impacts(3)		—		—		(580)		(1,062)		(588)		35		256		113		648		(92)		214		(1,642)		(184)
Income 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		22,018		15,165
Discontinued operations		(2)		10		(1)		—		(2)		(221)		(6)		(2)		(1)		(1)		2		7		(231)
Net income attributable to noncontrolling interests		33		10		24		6		17		21		30		21		45		36		41		73		89
Net income	$	7,942	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	$	3,479	$	2,513	$	4,606	$	2,915	$	3,546	$	21,952	$	14,845

(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 sales of its Asia consumer banking businesses and the divestiture of Mexico consumer banking, small business and middle markets within Legacy Franchises. See page 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 on Citi's Consolidated Statement of Income (page 2).

Reclassified to conform to the current period's presentation.

Page 4

SERVICES

(In millions of dollars, except as otherwise noted)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income (including dividends)	$	1,665		$	1,698		$	1,677		$	1,781		$	2,025		$	2,475		$	2,783		$	3,035		$	3,115		$	3,232		$	3,426		$	6,821		$	10,318
Fee revenue
Commissions and fees		580			626			663			681			684			751			730			717			740			785			780			2,550			2,882
Other		593			635			615			604			620			683			606			581			605			663			632			2,447			2,490
Total fee revenue		1,173			1,261			1,278			1,285			1,304			1,434			1,336			1,298			1,345			1,448			1,412			4,997			5,372
Principal transactions		181			197			194			210			199			229			214			212			226			242			267			782			854
All other(1)		(23)			(25)			(19)			(10)			(184)			(207)			(253)			(281)			(303)			(377)			(483)			(77)			(925)
Total Non-interest revenue		1,331			1,433			1,453			1,485			1,319			1,456			1,297			1,229			1,268			1,313			1,196			5,702			5,301
Total revenues, net of interest expense		2,996			3,131			3,130			3,266			3,344			3,931			4,080			4,264			4,383			4,545			4,622			12,523			15,619
Total operating expenses		1,922			1,853			1,934			1,997			2,240			1,987			2,112			2,389			2,408			2,504			2,518			7,706			8,728
Net credit losses on loans		—			22			1			19			15			32			(3)			7			6			13			27			42			51
Credit reserve build / (release) for loans		(107)			(96)			(37)			(8)			241			(7)			(107)			1			(72)			(14)			6			(248)			128
Provision for credit losses on unfunded lending commitments		(37)			(2)			—			(22)			73			(24)			(6)			(19)			7			(26)			23			(61)			24
Provisions for credit losses for HTM debt securities and other assets		1			—			—			3			1			1			1			1			45			250			39			4			4
Provision for credit losses		(143)			(76)			(36)			(8)			330			2			(115)			(10)			(14)			223			95			(263)			207
Income from continuing operations before taxes		1,217			1,354			1,232			1,277			774			1,942			2,083			1,885			1,989			1,818			2,009			5,080			6,684
Income taxes		307			344			323			338			210			497			547			506			687			594			661			1,312			1,760
Income from continuing operations		910			1,010			909			939			564			1,445			1,536			1,379			1,302			1,224			1,348			3,768			4,924
Noncontrolling interests		1			1			1			3			6			9			10			11			13			16			16			6			36
Net income	$	909		$	1,009		$	908		$	936		$	558		$	1,436		$	1,526		$	1,368		$	1,289		$	1,208		$	1,332		$	3,762		$	4,888
EOP assets (in billions)	$	546		$	545		$	564		$	547		$	546		$	544		$	559		$	599		$	585		$	584		$	551		$	547		$	599
Average assets (in billions)		539			549			557			580			549			525			529			577			598			583			565			556			545
Efficiency ratio		64	%		59	%		62	%		61	%		67	%		51	%		52	%		56	%		55	%		55	%		54	%		62	%		56	%
Average allocated TCE (in billions)(2)	$	23.9		$	23.9		$	23.9		$	23.9		$	22.5		$	22.5		$	22.5		$	22.5		$	23.0		$	23.0		$	23.0			23.9			22.5
RoTCE(2)		15.4	%		16.9	%		15.1	%		15.5	%		10.1	%		25.6	%		26.9	%		24.1	%		22.7	%		21.1	%		23.0	%		15.7	%		21.7	%
Revenue by component
Net interest income	$	1,449		$	1,480		$	1,448		$	1,536		$	1,765		$	2,156		$	2,377		$	2,534		$	2,600		$	2,705		$	2,853		$	5,913		$	8,832
Non-interest revenue		734			797			839			877			731			787			739			690			726			701			643			3,247			2,947
Treasury and Trade Solutions		2,183			2,277			2,287			2,413			2,496			2,943			3,116			3,224			3,326			3,406			3,496			9,160			11,779
Net interest income		216			218			229			245			260			319			406			501			515			527			573			908			1,486
Non-interest revenue		597			636			614			608			588			669			558			539			542			612			553			2,455			2,354
Securities Services		813			854			843			853			848			988			964			1,040			1,057			1,139			1,126			3,363			3,840
Total Services	$	2,996		$	3,131		$	3,130		$	3,266		$	3,344		$	3,931		$	4,080		$	4,264		$	4,383		$	4,545		$	4,622		$	12,523		$	15,619
Revenue by geography
North America	$	879		$	957		$	916		$	996		$	1,031		$	1,272		$	1,256		$	1,223		$	1,204		$	1,295		$	1,333		$	3,748		$	4,782
International		2,117			2,174			2,214			2,270			2,313			2,659			2,824			3,041			3,179			3,250			3,289			8,775			10,837
Total	$	2,996		$	3,131		$	3,130		$	3,266		$	3,344		$	3,931		$	4,080		$	4,264		$	4,383		$	4,545		$	4,622		$	12,523		$	15,619
Key drivers (in billions of dollars, except as otherwise noted)
Average loans by reporting unit (in billions)
Treasury and Trade Solutions (TTS)	$	68		$	72		$	74		$	76		$	79		$	84		$	80		$	76		$	78		$	79		$	82		$	72		$	80
Securities Services		1			2			1			2			2			2			1			2			1			1			1			2			2
Total	$	69		$	74		$	75		$	78		$	81		$	86		$	81		$	78		$	79		$	80		$	83		$	74		$	82
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	%
Average deposits by reporting unit and selected component (in billions)
Treasury and Trade Solutions (TTS)	$	657		$	657		$	674		$	690		$	670		$	672		$	664		$	694		$	704		$	688		$	676		$	670		$	675
Securities Services		128			137			135			140			135			136			131			131			125			125			120			135			133
Total	$	785		$	794		$	809		$	830		$	805		$	808		$	795		$	825		$	829		$	813		$	796		$	805		$	808
AUC/AUA (in trillions of dollars)	$	21.2		$	22.7		$	22.6		$	23.7		$	23.0		$	21.2		$	20.9		$	22.2		$	23.0		$	23.6		$	23.0
Cross-border transaction value	$	64.5		$	67.8		$	69.0		$	78.2		$	75.6		$	79.3		$	75.6		$	81.1		$	83.0		$	87.8		$	87.8		$	280		$	312
U.S. dollar clearing volume (in millions)		35.4			36.0			37.0			37.8			36.1			36.7			37.6			38.2			38.3			38.8			40.0			146			149
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		$	38.6		$	57.4

(1) Services includes revenues earned by Citi that are subject to a revenue sharing arrangement with Banking—Corporate Lending for Investment Banking, Markets, and Services products sold to clients.

(2) TCE and RoTCE are non-GAAP financial measures. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE to Citi's total average TCE and Citi's total average stockholders' equity.

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

Reclassified to conform to the current period's presentation.

Page 5

MARKETS

(In millions of dollars, except as otherwise noted)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income (including dividends)	$	1,559		$	1,606		$	1,493		$	1,489		$	1,295		$	1,574		$	1,368		$	1,582		$	1,562		$	2,009		$	1,700		$	6,147		$	5,819
Fee revenue
Brokerage and fees(1)		461			366			355			348			429			360			335			328			385			331			337			1,530			1,452
Investment banking fees		139			162			165			190			112			135			128			106			89			97			103			656			481
Other		52			47			38			39			36			29			34			40			40			32			32			176			139
Total fee revenue		652			575			558			577			577			524			497			474			514			460			472			2,362			2,072
Principal transactions		3,752			2,138			2,200			1,557			4,245			3,719			2,777			2,346			3,915			2,540			2,874			9,647			13,087
All other(2)		438			258			525			22			(5)			(281)			(316)			(215)			(174)			(171)			(254)			1,243			(817)
Total Non-interest revenue		4,842			2,971			3,283			2,156			4,817			3,962			2,958			2,605			4,255			2,829			3,092			13,252			14,342
Total revenues, net of interest expense		6,401			4,577			4,776			3,645			6,112			5,536			4,326			4,187			5,817			4,838			4,792			19,399			20,161
Total operating expenses		2,861			2,800			2,819			2,892			3,108			3,048			3,083			3,174			3,163			3,338			3,303			11,372			12,413
Net credit losses on loans		108			(17)			—			6			(6)			2			(2)			1			4			2			(4)			97			(5)
Credit reserve build / (release) for loans		(230)			(178)			116			(33)			(80)			8			117			35			63			(24)			124			(325)			80
Provision for credit losses on unfunded lending commitments		(67)			(9)			4			(29)			9			(11)			2			10			(3)			(11)			3			(101)			10
Provisions for credit losses for HTM debt securities and other assets		(6)			7			(9)			8			(7)			20			64			(7)			19			15			40			—			70
Provision for credit losses		(195)			(197)			111			(48)			(84)			19			181			39			83			(18)			163			(329)			155
Income from continuing operations before taxes		3,735			1,974			1,846			801			3,088			2,469			1,062			974			2,571			1,518			1,326			8,356			7,593
Income taxes		806			410			370			109			727			548			223			171			677			351			245			1,695			1,669
Income from continuing operations		2,929			1,564			1,476			692			2,361			1,921			839			803			1,894			1,167			1,081			6,661			5,924
Noncontrolling interests		22			3			9			4			11			15			10			16			21			19			15			38			52
Net income	$	2,907		$	1,561		$	1,467		$	688		$	2,350		$	1,906		$	829		$	787		$	1,873		$	1,148		$	1,066		$	6,623		$	5,872
EOP assets (in billions)	$	916		$	933		$	932		$	895		$	976		$	973		$	961		$	950		$	1,009		$	1,006		$	996		$	895		$	950
Average assets (in billions)		937			938			927			938			956			989			1,011			979			994			1,032			1,018			935			984
Efficiency ratio		45	%		61	%		59	%		79	%		51	%		55	%		71	%		76	%		54	%		69	%		69	%		59	%		62	%
Average allocated TCE (in billions)(3)	$	45.0		$	45.0		$	45.0		$	45.0		$	51.6		$	51.6		$	51.6		$	51.6		$	53.1		$	53.1		$	53.1			45.0			51.6
RoTCE(3)		26.2	%		13.9	%		12.9	%		6.1	%		18.5	%		14.8	%		6.4	%		6.1	%		14.3	%		8.7	%		8.0	%		14.7	%		11.4	%
Revenue by component
Fixed Income markets	$	4,791		$	3,421		$	3,418		$	2,715		$	4,586		$	4,316		$	3,369		$	3,439		$	4,650		$	3,729		$	3,850		$	14,345		$	15,710
Equity markets		1,610			1,156			1,358			930			1,526			1,220			957			748			1,167			1,109			942			5,054			4,451
Total	$	6,401		$	4,577		$	4,776		$	3,645		$	6,112		$	5,536		$	4,326		$	4,187		$	5,817		$	4,838		$	4,792		$	19,399		$	20,161
Rates and currencies	$	3,023		$	1,977		$	2,116		$	1,722		$	3,178		$	3,209		$	2,441		$	2,728		$	3,578		$	2,780		$	2,769		$	8,838		$	11,556
Spread products / other fixed income		1,768			1,444			1,302			993			1,408			1,107			928			711			1,072			949			1,081			5,507			4,154
Total Fixed Income markets revenues	$	4,791		$	3,421		$	3,418		$	2,715		$	4,586		$	4,316		$	3,369		$	3,439		$	4,650		$	3,729		$	3,850		$	14,345		$	15,710
Revenue by geography
North America	$	2,744		$	1,591		$	1,838		$	1,347		$	1,939		$	2,166		$	1,550		$	1,191		$	2,063		$	1,720		$	1,923		$	7,520		$	6,846
International		3,657			2,986			2,938			2,298			4,173			3,370			2,776			2,996			3,754			3,118			2,869			11,879			13,315
Total	$	6,401		$	4,577		$	4,776		$	3,645		$	6,112		$	5,536		$	4,326		$	4,187		$	5,817		$	4,838		$	4,792		$	19,399		$	20,161
Key drivers (in billions of dollars)
Average loans	$	107		$	113		$	115		$	113		$	111		$	112		$	110		$	111		$	111		$	107		$	108		$	112		$	111
NCLs as a % of average loans		0.41	%		(0.06)	%		0.00	%		0.02	%		(0.02)	%		0.01	%		(0.01)	%		0.00	%		0.01	%		0.01	%		(0.01)	%		0.09	%		0.00	%
ACLL as a % of EOP loans(4)		0.66	%		0.47	%		0.60	%		0.54	%		0.46	%		0.46	%		0.56	%		0.58	%		0.66	%		0.67	%		0.76	%
Average Trading account assets	$	355		$	347		$	338		$	328		$	326		$	331		$	346		$	332		$	349		$	382		$	393		$	342		$	334
Average deposits		23			23			21			21			20			21			21			21			23			23			24			22			21

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

(2) Markets includes revenues earned by Citi that are subject to a revenue sharing arrangement with Banking—Corporate Lending for Investment Banking, Markets, and Services products sold to clients.

(3) TCE and RoTCE are non-GAAP financial measures. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE to Citi's total average TCE and Citi's total average stockholders' equity.

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

Reclassified to conform to the current period's presentation.

Page 6

BANKING

(In millions of dollars, except as otherwise noted)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income (including dividends)	$	555		$	507		$	598		$	544		$	514		$	533		$	481		$	529		$	491		$	522		$	544		$	2,204		$	2,057
Fee revenue
Investment banking fees(1)		1,637			1,396			1,512			1,473			917			844			685			607			740			573			694			6,018			3,053
Other		92			107			71			60			46			45			37			46			42			39			39			330			174
Total Fee revenue		1,729			1,503			1,583			1,533			963			889			722			653			782			612			733			6,348			3,227
Principal transactions		(154)			(148)			(126)			(73)			58			468			(207)			(452)			(334)			(216)			(163)			(501)			(133)
All other(2)		(143)			(48)			(16)			(61)			119			8			70			48			202			216			230			(268)			245
Total Non-interest revenue		1,432			1,307			1,441			1,399			1,140			1,365			585			249			650			612			800			5,579			3,339
Total revenues, net of interest expense		1,987			1,814			2,039			1,943			1,654			1,898			1,066			778			1,141			1,134			1,344			7,783			5,396
Total operating expenses		1,047			1,051			1,096			1,212			1,213			1,230			1,183			845			1,232			1,262			1,220			4,406			4,471
Net credit losses on loans		67			63			30			57			21			(16)			5			96			12			58			28			217			106
Credit reserve build / (release) for loans		(766)			(538)			(65)			(151)			435			(77)			65			(153)			(66)			(112)			(29)			(1,520)			270
Provision for credit losses on unfunded lending commitments		(502)			58			(17)			(130)			270			(134)			(55)			72			(174)			(51)			(66)			(591)			153
Provisions for credit losses for HTM debt securities and other assets		—			(4)			1			(1)			(1)			4			5			12			87			(42)			5			(4)			20
Provision for credit losses		(1,201)			(421)			(51)			(225)			725			(223)			20			27			(141)			(147)			(62)			(1,898)			549
Income (loss) from continuing operations before taxes		2,141			1,184			994			956			(284)			891			(137)			(94)			50			19			186			5,275			376
Income taxes		480			260			219			211			(96)			195			(70)			(36)			(16)			(23)			16			1,170			(7)
Income (loss) from continuing operations		1,661			924			775			745			(188)			696			(67)			(58)			66			42			170			4,105			383
Noncontrolling interests		5			1			—			2			—			—			—			(3)			2			1			1			8			(3)
Net income (loss)	$	1,656		$	923		$	775		$	743		$	(188)		$	696		$	(67)		$	(55)		$	64		$	41		$	169		$	4,097		$	386
EOP assets (in billions)	$	153		$	151		$	149		$	145		$	157		$	155		$	155		$	152		$	146		$	147		$	145		$	145		$	152
Average assets (in billions)		160			155			152			154			157			158			162			160			155			154			150			155			159
Efficiency ratio		53	%		58	%		54	%		62	%		73	%		65	%		111	%		109	%		108	%		111	%		91	%		57	%		83	%
Average allocated TCE (in billions)(3)	$	20.2		$	20.2		$	20.2		$	20.2		$	21.7		$	21.7		$	21.7		$	21.7		$	21.4		$	21.4		$	21.4			20.2			21.7
RoTCE(3)		33.2	%		18.3	%		15.2	%		14.6	%		(3.5%)			12.9	%		(1.2%)			(1.0%)			1.2	%		0.8	%		3.1	%		20.3	%		1.8	%
Revenue by component
Total Investment Banking	$	1,591		$	1,405		$	1,614		$	1,479		$	823		$	660		$	502		$	525		$	675		$	501		$	693		$	6,089		$	2,510
Corporate Lending—excluding gain/(loss) on loan hedges(2)(4)		474			446			471			443			662			744			620			553			665			699			698			1,834			2,579
Total Banking revenues (ex-gain/(loss) on loan hedges)(2)(4)		2,065			1,851			2,085			1,922			1,485			1,404			1,122			1,078			1,340			1,200			1,391			7,923			5,089
Gain/(loss) on loan hedges(2)(4)		(78)			(37)			(46)			21			169			494			(56)			(300)			(199)			(66)			(47)			(140)			307
Total Banking revenues including gain/(loss) on loan hedges(2)(4)	$	1,987		$	1,814		$	2,039		$	1,943		$	1,654		$	1,898		$	1,066		$	778		$	1,141		$	1,134		$	1,344		$	7,783		$	5,396
Business Metrics—Investment Banking Fees
Advisory	$	278		$	403		$	533		$	571		$	347		$	345		$	382		$	258		$	276		$	156		$	299		$	1,785		$	1,332
Equity underwriting (Equity Capital Markets (ECM))		813			444			442			453			183			181			125			132			109			158			123			2,152			621
Debt underwriting (Debt Capital Markets (DCM))		546			549			537			449			387			318			178			217			355			259			272			2,081			1,100
Total	$	1,637		$	1,396		$	1,512		$	1,473		$	917		$	844		$	685		$	607		$	740		$	573		$	694		$	6,018		$	3,053
Revenue by geography
North America	$	981		$	853		$	1,093		$	1,029		$	837		$	1,062		$	397		$	157		$	370		$	430		$	597		$	3,956		$	2,453
International		1,006			961			946			914			817			836			669			621			771			704			747			3,827			2,943
Total	$	1,987		$	1,814		$	2,039		$	1,943		$	1,654		$	1,898		$	1,066		$	778		$	1,141		$	1,134		$	1,344		$	7,783		$	5,396
Key drivers (in billions of dollars)
Average loans	$	105		$	100		$	99		$	98		$	97		$	99		$	100		$	96		$	93		$	91		$	87		$	101		$	98
NCLs as a % of average loans		0.26	%		0.25	%		0.12	%		0.23	%		0.09	%		(0.06%)			0.02	%		0.40	%		0.05	%		0.26	%		0.13	%		0.21	%		0.11	%
ACLL as a % of EOP loans(5)		2.25	%		1.77	%		1.66	%		1.56	%		1.91	%		1.83	%		2.01	%		1.89	%		1.86	%		1.77	%		1.78	%
Average deposits		1			1			1			1			1			1			1			2			1			1			1			1			1

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

(2) Banking includes revenues earned by Citi that are subject to a revenue sharing arrangement with Banking—Corporate Lending for Investment Banking, Markets, and Services products sold to clients.

(3) TCE and RoTCE are non-GAAP financial measures. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE to Citi'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) Excludes loans that are carried at fair value for all periods.

Reclassified to conform to the current period's presentation.

Page 7

U.S. PERSONAL BANKING

(In millions of dollars, except as otherwise noted)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income	$	4,076		$	3,894		$	4,100		$	4,215		$	4,244		$	4,417		$	4,665		$	4,736		$	4,854		$	4,883		$	5,175		$	16,285		$	18,062
Fee revenue
Interchange fees		1,642			2,008			2,051			2,193			2,044			2,370			2,354			2,422			2,277			2,482			2,434			7,894			9,190
Card rewards and partner payments		(1,910)			(2,264)			(2,364)			(2,567)			(2,446)			(2,808)			(2,776)			(2,832)			(2,590)			(2,827)			(2,777)			(9,105)			(10,862)
Other		137			126			133			131			132			129			102			99			104			72			75			527			462
Total fee revenue		(131)			(130)			(180)			(243)			(270)			(309)			(320)			(311)			(209)			(273)			(268)			(684)			(1,210)
All other		121			52			46			25			24			26			(12)			(18)			66			9			10			244			20
Total Non-interest revenue		(10)			(78)			(134)			(218)			(246)			(283)			(332)			(329)			(143)			(264)			(258)			(440)			(1,190)
Total revenues, net of interest expense		4,066			3,816			3,966			3,997			3,998			4,134			4,333			4,407			4,711			4,619			4,917			15,845			16,872
Total operating expenses		2,007			2,158			2,204			2,485			2,306			2,419			2,448			2,609			2,529			2,498			2,481			8,854			9,782
Net credit losses on loans		951			818			617			553			681			679			706			852			1,074			1,218			1,343			2,939			2,918
Credit reserve build / (release) for loans		(1,409)			(910)			(804)			(830)			(1,096)			441			305			867			576			303			114			(3,953)			517
Provision for credit losses on unfunded lending commitments		(1)			1			1			(2)			(1)			—			—			—			—			1			(1)			(1)			(1)
Provisions for benefits and claims, and other assets		2			5			3			7			1			4			5			4			(1)			3			3			17			14
Provisions for credit losses and for benefits and claims (PBC)		(457)			(86)			(183)			(272)			(415)			1,124			1,016			1,723			1,649			1,525			1,459			(998)			3,448
Income (loss) from continuing operations before taxes		2,516			1,744			1,945			1,784			2,107			591			869			75			533			596			977			7,989			3,642
Income taxes (benefits)		589			419			457			425			499			147			205			21			131			135			221			1,890			872
Income (loss) from continuing operations		1,927			1,325			1,488			1,359			1,608			444			664			54			402			461			756			6,099			2,770
Noncontrolling interests		—			—			—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	1,927		$	1,325		$	1,488		$	1,359		$	1,608		$	444		$	664		$	54		$	402		$	461		$	756		$	6,099		$	2,770
EOP assets (in billions)	$	209		$	204		$	213		$	211		$	207		$	214		$	218		$	231		$	228		$	228		$	231		$	211		$	231
Average assets (in billions)		209			207			210			213			207			209			214			223			231			229			230			210			213
Efficiency ratio		49	%		57	%		56	%		62	%		58	%		59	%		56	%		59	%		54	%		54	%		50	%		56	%		58	%
Average allocated TCE (in billions)(1)	$	21.0		$	21.0		$	21.0		$	21.0		$	20.7		$	20.7		$	20.7		$	20.7		$	21.9		$	21.9		$	21.9			21.0			20.7
RoTCE(1)		37.2	%		25.3	%		28.1	%		25.7	%		31.5	%		8.6	%		12.7	%		1.0	%		7.4	%		8.4	%		13.7	%		29.0	%		13.4	%
Revenue by component
Branded Cards	$	2,113		$	1,978		$	2,054		$	2,091		$	2,110		$	2,188		$	2,275		$	2,389		$	2,472		$	2,357		$	2,539		$	8,236		$	8,962
Retail Services		1,311			1,215			1,284			1,296			1,307			1,306			1,435			1,421			1,610			1,643			1,728			5,106			5,469
Retail Banking		642			623			628			610			581			640			623			597			629			619			650			2,503			2,441
Total	$	4,066		$	3,816		$	3,966		$	3,997		$	3,998		$	4,134		$	4,333		$	4,407		$	4,711		$	4,619		$	4,917		$	15,845		$	16,872
Average loans and deposits (in billions)
Average loans	$	159		$	156		$	158		$	162		$	161		$	167		$	174		$	180		$	184		$	189		$	196		$	159		$	171
ACLL as a % of EOP loans(2)		8.88	%		8.17	%		7.67	%		6.80	%		6.28	%		6.19	%		6.24	%		6.31	%		6.62	%		6.44	%		6.36	%
Average deposits		108			113			114			114			118			116			115			111			111			113			110			112			115

(1) TCE and RoTCE are non-GAAP financial measures. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE to Citi's total average TCE and Citi's total average stockholders' equity.

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

Reclassified to conform to the current period's presentation.

Page 8

U.S. PERSONAL BANKING

Metrics

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023
U.S. Personal Banking Key Indicators (in billions of dollars, except as otherwise noted)
New account acquisitions (in thousands)
Branded Cards		797			907			995			1,069			991			1,069			1,090			1,023			1,164			1,131			1,146
Retail Services		2,204			2,792			2,526			3,126			2,178			2,634			2,339			2,806			1,976			2,393			2,152
Credit card spend volume
Branded Cards	$	85.8		$	103.5		$	106.0		$	115.2		$	106.8		$	121.8		$	120.7		$	125.3		$	115.9		$	126.8		$	125.2
Retail Services		18.7			23.6			22.7			27.1			21.4			26.1			24.5			27.1			20.8			24.8			23.3
Average loans(1)
Branded Cards	$	78.7		$	79.4		$	81.9		$	84.5		$	84.0		$	87.9		$	91.8		$	95.4		$	96.8		$	99.8		$	103.2
Retail Services		43.8			42.3			42.4			43.8			44.2			44.8			46.1			48.0			48.8			49.0			50.2
Retail Banking		36.4			34.7			34.1			33.4			33.2			34.5			36.1			36.6			38.0			40.3			42.2
EOP loans(1)
Branded Cards	$	78.5		$	82.1		$	82.8		$	87.9		$	85.9		$	91.6		$	93.7		$	100.2		$	97.1		$	103.0		$	105.2
Retail Services		42.5			42.7			42.7			46.0			44.1			45.8			46.7			50.5			48.4			50.0			50.5
Retail Banking		35.6			34.3			33.4			33.0			33.3			35.4			35.8			37.1			39.2			41.5			43.1
Total revenues, net of interest expenses as a % of average loans
Branded Cards		10.89	%		9.99	%		9.95	%		9.82	%		10.19	%		9.98	%		9.83	%		9.94	%		10.36	%		9.47	%		9.76	%
Retail Services		12.14	%		11.52	%		12.01	%		11.74	%		11.99	%		11.69	%		12.35	%		11.75	%		13.38	%		13.45	%		13.66	%
NII as a % of average loans(2)
Branded Cards		9.54	%		8.95	%		9.05	%		9.01	%		9.26	%		8.94	%		9.06	%		9.03	%		9.36	%		9.01	%		9.12	%
Retail Services		16.30	%		15.76	%		16.61	%		16.59	%		16.99	%		17.38	%		17.49	%		16.93	%		17.54	%		17.44	%		17.77	%
NCLs as a % of average loans
Branded Cards		2.84	%		2.36	%		1.73	%		1.33	%		1.46	%		1.50	%		1.50	%		1.68	%		2.18	%		2.47	%		2.72	%
Retail Services		3.45	%		3.09	%		2.23	%		2.10	%		2.31	%		2.60	%		2.71	%		3.30	%		4.08	%		4.46	%		4.53	%
Retail Banking		0.30	%		0.29	%		0.26	%		0.44	%		1.54	%		0.70	%		0.47	%		0.53	%		0.66	%		0.59	%		0.59	%
Loans 90+ days past due as a % of EOP loans
Branded Cards		0.75	%		0.56	%		0.44	%		0.44	%		0.47	%		0.46	%		0.51	%		0.63	%		0.78	%		0.81	%		0.92	%
Retail Services		1.39	%		1.08	%		0.99	%		1.05	%		1.15	%		1.16	%		1.35	%		1.56	%		1.76	%		1.77	%		2.12	%
Retail Banking(3)		0.65	%		0.61	%		0.60	%		0.62	%		0.56	%		0.52	%		0.51	%		0.45	%		0.42	%		0.39	%		0.38	%
Loans 30-89 days past due as a % of EOP loans
Branded Cards		0.62	%		0.43	%		0.45	%		0.46	%		0.49	%		0.47	%		0.59	%		0.69	%		0.76	%		0.81	%		0.97	%
Retail Services		1.21	%		0.97	%		1.10	%		1.17	%		1.27	%		1.27	%		1.53	%		1.62	%		1.66	%		1.81	%		2.13	%
Retail Banking(3)		0.55	%		0.69	%		0.68	%		0.57	%		0.53	%		0.55	%		0.58	%		0.57	%		0.47	%		0.57	%		0.55	%
Branches (actual)		687			659			658			658			658			658			653			654			653			653			652
Mortgage originations	$	4.4		$	4.1		$	3.4		$	3.4		$	3.1		$	4.1		$	4.2		$	2.7		$	3.3		$	4.5		$	3.9

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

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

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

Reclassified to conform to the current period's presentation.

Page 9

WEALTH

(In millions of dollars, except as otherwise noted)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income	$	1,120		$	1,124		$	1,106		$	1,141		$	1,182		$	1,192		$	1,204		$	1,166		$	1,121		$	1,113		$	1,182		$	4,491		$	4,744
Fee revenue
Commissions and fees		452			422			387			347			364			335			272			247			305			307			302			1,608			1,218
Other		220			232			236			211			234			228			206			198			174			207			217			899			866
Total fee revenue		672			654			623			558			598			563			478			445			479			514			519			2,507			2,084
All other		147			120			171			106			152			165			191			112			166			172			154			544			620
Total Non-interest revenue		819			774			794			664			750			728			669			557			645			686			673			3,051			2,704
Total revenues, net of interest expense		1,939			1,898			1,900			1,805			1,932			1,920			1,873			1,723			1,766			1,799			1,855			7,542			7,448
Total operating expenses		1,274			1,320			1,328			1,459			1,472			1,469			1,532			1,585			1,626			1,660			1,711			5,381			6,058
Net credit losses on loans		39			44			24			15			10			20			17			56			20			23			24			122			103
Credit reserve build / (release) for loans		(133)			(130)			(32)			(36)			34			197			55			(96)			(69)			30			(19)			(331)			190
Provision for credit losses on unfunded lending commitments		(10)			4			(8)			(1)			(1)			13			19			(19)			(6)			1			(8)			(15)			12
Provisions for benefits and claims, and other assets		4			(2)			(2)			(2)			(4)			1			2			2			(3)			—			1			(2)			1
Provisions for credit losses and for benefits and claims (PBC)		(100)			(84)			(18)			(24)			39			231			93			(57)			(58)			54			(2)			(226)			306
Income from continuing operations before taxes		765			662			590			370			421			220			248			195			198			85			146			2,387			1,084
Income taxes		153			118			101			47			65			18			31			20			39			21			28			419			134
Income from continuing operations		612			544			489			323			356			202			217			175			159			64			118			1,968			950
Noncontrolling interests		—			—			—			—			—			—			—			—			—			—			—			—			—
Net income	$	612		$	544		$	489		$	323		$	356		$	202		$	217		$	175		$	159		$	64		$	118		$	1,968		$	950
EOP assets (in billions)	$	249		$	244		$	261		$	250		$	266		$	261		$	258		$	259		$	258		$	241		$	236		$	250		$	259
Average assets (in billions)		246			248			260			258			263			261			255			258			261			251			240			253			259
Efficiency ratio		66	%		70	%		70	%		81	%		76	%		77	%		82	%		92	%		92	%		92	%		92	%		71	%		81	%
Average allocated TCE (in billions)(1)	$	12.9		$	12.9		$	12.9		$	12.9		$	13.9		$	13.9		$	13.9		$	13.9		$	13.4		$	13.4		$	13.4			12.9			13.9
RoTCE(1)		19.2	%		16.9	%		15.0	%		9.9	%		10.4	%		5.8	%		6.2	%		5.0	%		4.8	%		1.9	%		3.5	%		15.3	%		6.8	%
Revenue by component
Private Bank	$	789		$	752		$	728		$	701		$	794		$	759		$	660		$	599		$	568		$	605		$	617		$	2,970		$	2,812
Wealth at Work		171			171			172			177			183			170			182			195			193			224			234			691			730
Citigold		979			975			1,000			927			955			991			1,031			929			1,005			970			1,004			3,881			3,906
Total	$	1,939		$	1,898		$	1,900		$	1,805		$	1,932		$	1,920		$	1,873		$	1,723		$	1,766		$	1,799		$	1,855		$	7,542		$	7,448
Revenue by geography
North America	$	946		$	953		$	924		$	944		$	997		$	987		$	977		$	966		$	900		$	904		$	953		$	3,767		$	3,927
International		993			945			976			861			935			933			896			757			866			895			902			3,775			3,521
Total	$	1,939		$	1,898		$	1,900		$	1,805		$	1,932		$	1,920		$	1,873		$	1,723		$	1,766		$	1,799		$	1,855		$	7,542		$	7,448
Key drivers (in billions of dollars)
EOP Client balances
Client investment assets(2)	$	480		$	505		$	494		$	507		$	478		$	440		$	417		$	443		$	459		$	470		$	471
Deposits		293			304			317			329			332			312			312			325			322			315			307
Loans		145			150			150			151			150			149			151			149			150			151			151
Total	$	918		$	959		$	961		$	987		$	960		$	901		$	880		$	917		$	931		$	936		$	929
ACLL as a % of EOP loans		0.59	%		0.49	%		0.47	%		0.44	%		0.47	%		0.60	%		0.65	%		0.59	%		0.52	%		0.54	%		0.53	%

(1) TCE and RoTCE are non-GAAP financial measures. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCEto Citi's total average TCE and Citi's total average stockholders' equity.

(2) Includes Assets under management, and trust and custody assets.

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)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income	$	1,531		$	1,649		$	1,717		$	1,649		$	1,611		$	1,773		$	2,062		$	2,222		$	2,205		$	2,141		$	1,801		$	6,546		$	7,668
Non-interest revenue(4)(5)(6)(7)		747			868			576			725			582			368			154			216			406			366			412			2,916			1,320
Total revenues, net of interest expense		2,278			2,517			2,293			2,374			2,193			2,141			2,216			2,438			2,611			2,507			2,213			9,462			8,988
Total operating expenses(8)		2,302			2,289			2,396			2,316			2,267			2,268			2,284			2,325			2,258			2,229			2,164			9,303			9,144
Net credit losses on loans		583			390			294			217			204			183			199			186			198			198			238			1,484			772
Credit reserve build / (release) for loans		(582)			(594)			(355)			(120)			(405)			(28)			(16)			(39)			—			77			(19)			(1,651)			(488)
Provision for credit losses on unfunded lending commitments		(9)			(8)			7			(9)			259			(111)			(32)			4			(19)			(9)			(5)			(19)			120
Provisions for benefits and claims, HTM debt securities and other assets		49			10			16			23			31			19			31			13			285			(67)			(10)			98			94
Provisions for credit losses and for benefits and claims (PBC)		41			(202)			(38)			111			89			63			182			164			464			199			204			(88)			498
Income (loss) from continuing operations before taxes		(65)			430			(65)			(53)			(163)			(190)			(250)			(51)			(111)			79			(155)			247			(654)
Income taxes (benefits)(9)		(3)			(396)			(177)			(236)			(375)			(236)			(320)			(121)			(292)			(7)			(53)			(812)			(1,052)
Income (loss) from continuing operations		(62)			826			112			183			212			46			70			70			181			86			(102)			1,059			398
Income (loss) from discontinued operations, net of taxes(10)		(2)			10			(1)			—			(2)			(221)			(6)			(2)			(1)			(1)			2			7			(231)
Noncontrolling interests		5			5			14			(3)			—			(3)			10			(3)			9			—			9			21			4
Net income (loss)	$	(69)		$	831		$	97		$	186		$	210		$	(172)		$	54		$	71		$	171		$	85		$	(109)		$	1,045		$	163
EOP assets (in billions)	$	241		$	251		$	243		$	243		$	242		$	234		$	230		$	226		$	229		$	218		$	209		$	243		$	226
Average assets (in billions)		226			245			240			243			242			238			228			234			223			217			211			239			236
Efficiency ratio		101	%		91	%		104	%		98	%		103	%		106	%		103	%		95	%		86	%		89	%		98	%		98	%		102	%
Average allocated TCE (in billions)(11)		31.7			33.9			34.4			34.0			24.9			24.0			25.1			26.5			28.3			31.3			32.5			33.3			25.5
Revenue by reporting unit and component
Asia Consumer	$	1,028		$	1,007		$	951		$	928		$	804		$	786		$	760		$	576		$	503		$	475		$	289		$	3,914		$	2,926
Mexico Consumer/SBMM		1,110			1,150			1,137			1,140			1,110			1,154			1,137			1,221			1,288			1,407			1,522			4,537			4,622
Legacy Holdings Assets		27			39			43			77			4			(128)			11			32			8			5			(9)			186			(81)
Corporate/Other		113			321			162			229			275			329			308			609			812			620			411			825			1,521
Total	$	2,278		$	2,517		$	2,293		$	2,374		$	2,193		$	2,141		$	2,216		$	2,438		$	2,611		$	2,507		$	2,213		$	9,462		$	8,988
Asia Consumer – Key Indicators (in billions of dollars)
EOP loans	$	54.0		$	53.5		$	42.9		$	41.1		$	19.5		$	17.3		$	13.4		$	13.3		$	10.0		$	9.1		$	8.0
EOP deposits		54.6			54.0			46.6			43.3			17.5			17.2			14.6			14.5			14.4			12.2			10.8
Average loans		54.9			54.2			46.4			42.3			23.1			18.2			15.2			13.2			12.1			9.5			8.6
NCLs as a % of average loans		1.67	%		1.13	%		1.10	%		0.96	%		0.79	%		0.77	%		1.02	%		1.23	%		1.47	%		1.73	%		1.43	%
Loans 90+ days past due as a % of EOP loans		0.68	%		0.65	%		0.60	%		0.51	%		0.28	%		0.29	%		0.35	%		0.37	%		0.55	%		0.55	%		0.61	%
Loans 30-89 days past due as a % of EOP loans		0.85	%		0.87	%		0.80	%		0.69	%		0.32	%		0.40	%		0.47	%		0.53	%		0.65	%		0.66	%		0.73	%
Mexico Consumer/SBMM - Key Indicators (in billions of dollars)
EOP loans	$	20.1		$	20.0			$19.4		$	20.0		$	20.7		$	20.6		$	20.7		$	21.9		$	24.0		$	26.0		$	26.0
EOP deposits		32.6			33.0			31.4			32.7			33.9			35.5			35.8			36.5			38.3			40.8			40.0
Average loans		20.6			20.2			19.6			19.4			19.6			20.5			20.4			21.3			22.8			24.7			26.0
NCLs as a % of average loans		7.38	%		5.14	%		3.70	%		2.72	%		2.55	%		2.15	%		2.64	%		2.48	%		2.63	%		2.52	%		2.95	%
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	%
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	%
Legacy Holdings Assets - Key Indicators (in billions of dollars)
EOP loans	$	6.1		$	5.0		$	4.2		$	3.9		$	3.7		$	3.2		$	3.2		$	3.0		$	2.8		$	2.7		$	2.5

(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 sales of its Asia consumer banking businesses and the divestiture of Mexico consumer banking, small business and middle markets within Legacy Franchises. See page 14 for additional information.

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

(4) See footnote 9 on page 14.

(5) See footnote 7 on page 14.

(6) See footnote 5 on page 14.

(7) See footnote 2 on page 14.

(8) See footnote 3 on page 14.

(9) See footnote 6 on page 1.

(10) See footnote 7 on page 1.

(11) TCE is a non-GAAP financial measure. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE

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)

																																		Full			Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year			Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021			2022
Net interest income	$	1,487		$	1,540		$	1,472		$	1,475		$	1,449		$	1,431		$	1,354		$	1,302		$	1,256		$	1,305		$	1,262		$	5,974		$	5,536
Non-interest revenue(4)(5)(6)(7)		678			656			659			670			469			381			554			527			543			582			540			2,663			1,931
Total revenues, net of interest expense		2,165			2,196			2,131			2,145			1,918			1,812			1,908			1,829			1,799			1,887			1,802			8,637			7,467
Total operating expenses(8)		1,730			1,766			1,727			1,782			1,712			1,818			1,716			1,748			1,664			1,685			1,663			7,005			6,994
Net credit losses on loans		583			390			294			217			204			183			199			186			198			198			238			1,484			772
Credit reserve build / (release) for loans		(582)			(594)			(355)			(120)			(405)			(28)			(16)			(39)			—			77			(19)			(1,651)			(488)
Provision for credit losses on unfunded lending commitments		(9)			(8)			7			(9)			259			(111)			(32)			4			(19)			(9)			(5)			(19)			120
Provisions for benefits and claims, HTM debt securities and other assets		52			8			17			23			31			19			28			13			174			46			(9)			100			91
Provisions for credit losses and for benefits and claims (PBC)		44			(204)			(37)			111			89			63			179			164			353			312			205			(86)			495
Income (loss) from continuing operations before taxes		391			634			441			252			117			(69)			13			(83)			(218)			(110)			(66)			1,718			(22)
Income taxes (benefits)		116			191			96			(156)			(54)			(1)			(38)			(52)			(159)			(58)			24			247			(145)
Income (loss) from continuing operations		275			443			345			408			171			(68)			51			(31)			(59)			(52)			(90)			1,471			123
Noncontrolling interests		(3)			(2)			(1)			(4)			(2)			2			—			3			2			3			2			(10)			3
Net income (loss)	$	278		$	445		$	346		$	412		$	173		$	(70)		$	51		$	(34)		$	(61)		$	(55)		$	(92)		$	1,481		$	120
EOP assets (in billions)	$	128		$	130		$	123		$	123		$	120		$	106		$	99		$	95		$	92		$	91		$	78		$	123		$	95
Average assets (in billions)		128			128			125			122			122			114			102			97			95			90			85			126			109
Efficiency ratio		80	%		80	%		81	%		83	%		89	%		100	%		90	%		96	%		92	%		89	%		92	%		81	%		94	%
Allocated TCE (in billions)(9)		12.0			12.0			12.0			12.0			11.1			11.1			11.1			11.1			10.0			10.0			10.0			12.0			11.1
Revenue by reporting unit and component
Asia Consumer	$	1,028		$	1,007		$	951		$	928		$	804		$	786		$	760		$	576		$	503		$	475		$	289		$	3,914		$	2,926
Mexico Consumer/SBMM		1,110			1,150			1,137			1,140			1,110			1,154			1,137			1,221			1,288			1,407			1,522			4,537			4,622
Legacy Holdings Assets		27			39			43			77			4			(128)			11			32			8			5			(9)			186			(81)
Total	$	2,165		$	2,196		$	2,131		$	2,145		$	1,918		$	1,812		$	1,908		$	1,829		$	1,799		$	1,887		$	1,802		$	8,637		$	7,467
Asia Consumer - Key Indicators (in billions of dollars)
EOP loans	$	54.0		$	53.5		$	42.9		$	41.1		$	19.5		$	17.3		$	13.4		$	13.3		$	10.0		$	9.1		$	8.0
EOP deposits		54.6			54.0			46.6			43.3			17.5			17.2			14.6			14.5			14.4			12.2			10.8
Average loans		54.9			54.2			46.4			42.3			23.1			18.2			15.2			13.2			12.1			9.5			8.6
NCLs as a % of average loans		1.67	%		1.13	%		1.10	%		0.96	%		0.79	%		0.77	%		1.02	%		1.23	%		1.47	%		1.73	%		1.43	%
Loans 90+ days past due as a % of EOP loans		0.68	%		0.65	%		0.60	%		0.51	%		0.28	%		0.29	%		0.35	%		0.37	%		0.55	%		0.55	%		0.61	%
Loans 30-89 days past due as a % of EOP loans		0.85	%		0.87	%		0.80	%		0.69	%		0.32	%		0.40	%		0.47	%		0.53	%		0.65	%		0.66	%		0.73	%
Mexico Consumer/SBMM - Key Indicators (in billions of dollars)
EOP loans	$	20.1		$	20.0		$	19.4		$	20.0		$	20.7		$	20.6		$	20.7		$	21.9		$	24.0		$	26.0		$	26.0
EOP deposits		32.6			33.0			31.4			32.7			33.9			35.5			35.8			36.5			38.3			40.8			40.0
Average loans		20.6			20.2			19.6			19.4			19.6			20.5			20.4			21.3			22.8			24.7			26.0
NCLs as a % of average loans		7.38	%		5.14	%		3.70	%		2.72	%		2.55	%		2.15	%		2.64	%		2.48	%		2.63	%		2.52	%		2.95	%
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	%
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	%
Legacy Holdings Assets - Key Indicators (in billions of dollars)
EOP loans	$	6.1		$	5.0		$	4.2		$	3.9		$	3.7		$	3.2		$	3.2		$	3.0		$	2.8		$	2.7		$	2.5

(1) Reflects results on a managed basis, which excludes divestiture-related impacts related to Citi's sales of its Asia consumer banking businesses and the divestiture of Mexico consumer banking, small business and middle markets within Legacy Franchises. See page 14 for additional information.

(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 and EMEA that Citi intends to exit or has exited (Asia Consumer); the consumer, small business and middle-market banking (Mexico SBMM) operations in Mexico (collectively Mexico Consumer/SBMM); and Legacy Holdings Assets (primarily North America consumer mortgage loans and other legacy assets).

(4) See footnote 9 on page 14.

(5) See footnote 7 on page 14.

(6) See footnote 5 on page 14.

(7) See footnote 2 on page 14.

(8) See footnote 3 on page 14.

(9) TCE is a non-GAAP financial measure. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE

Reclassified to conform to the current period's presentation.

Page 12

ALL OTHER

Corporate/Other⁽¹⁾

(In millions of dollars, except as otherwise noted)

																							Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		Year		Year
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023		2021		2022
Net interest income	$	44	$	109	$	245	$	174	$	162	$	342	$	708	$	920	$	949	$	836	$	539	$	572	$	2,132
Non-interest revenue		69		212		(83)		55		113		(13)		(400)		(311)		(137)		(216)		(128)		253		(611)
Total revenues, net of interest expense		113		321		162		229		275		329		308		609		812		620		411		825		1,521
Total operating expenses		572		523		669		534		555		450		568		577		594		544		501		2,298		2,150
Provisions for HTM debt securities and other assets		(3)		2		(1)		—		—		—		3		—		111		(113)		(1)		(2)		3
Income (loss) from continuing operations before taxes		(456)		(204)		(506)		(305)		(280)		(121)		(263)		32		107		189		(89)		(1,471)		(632)
Income taxes (benefits)(2)		(119)		(587)		(273)		(80)		(321)		(235)		(282)		(69)		(133)		51		(77)		(1,059)		(907)
Income (loss) from continuing operations		(337)		383		(233)		(225)		41		114		19		101		240		138		(12)		(412)		275
Income (loss) from discontinued operations, net of taxes(3)		(2)		10		(1)		—		(2)		(221)		(6)		(2)		(1)		(1)		2		7		(231)
Noncontrolling interests		8		7		15		1		2		(5)		10		(6)		7		(3)		7		31		1
Net income (loss)	$	(347)	$	386	$	(249)	$	(226)	$	37	$	(102)	$	3	$	105	$	232	$	140	$	(17)	$	(436)	$	43
EOP assets (in billions)	$	113	$	121	$	120	$	120	$	122	$	128	$	131	$	131	$	137	$	127	$	131	$	120	$	131
Average allocated TCE (in billions)(4)		19.7		21.9		22.4		22.0		13.8		12.9		14.0		15.4		18.3		21.3		22.5		21.3		14.4

(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) See footnote 6 on page 1.

(3) See footnote 7 on page 1.

(4) TCE is a non-GAAP financial measure. See page 22 for a reconciliation of the summation of the segments' and component's average allocated TCE

Reclassified to conform to the current period's presentation.

Page 13

RECONCILING ITEMS⁽¹⁾

(Divestiture-related Impacts)

(In millions of dollars, except as otherwise noted)

																							Full		Full
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q		Year		Year
	2021		2021		2021(2)		2021(3)		2022(4)		2022		2022(5)		2022(6)		2023(7)		2023(8)		2023(9)		2021		2022
Net interest income	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-interest revenue		—		—		(657)		(13)		(47)		78		614		209		1,018		(6)		396		(670)		854
Total revenues, net of interest expense		—		—		(657)		(13)		(47)		78		614		209		1,018		(6)		396		(670)		854
Total operating expenses		—		—		—		1,171		559		(28)		107		58		73		79		114		1,171		696
Net credit losses on loans		—		—		(5)		(1)		(53)		(50)		(35)		(18)		(12)		(8)		(19)		(6)		(156)
Credit reserve build / (release) for loans		—		—		28		2		259		—		22		(22)		3		(3)		2		30		259
Provision for credit losses on unfunded lending commitments		—		—		—		—		(135)		108		1		(1)		1		(1)		—		—		(27)
Provisions for benefits and claims, HTM debt securities and other assets		—		—		—		—		—		—		—		—		—		—		—		—		—
Provisions for credit losses and for benefits and claims (PBC)		—		—		23		1		71		58		(12)		(41)		(8)		(12)		(17)		24		76
Income (loss) from continuing operations before taxes		—		—		(680)		(1,185)		(677)		48		519		192		953		(73)		299		(1,865)		82
Income taxes (benefits)		—		—		(100)		(123)		(89)		13		263		79		305		19		85		(223)		266
Income (loss) from continuing operations		—		—		(580)		(1,062)		(588)		35		256		113		648		(92)		214		(1,642)		(184)
Income (loss) from discontinued operations, net of taxes		—		—		—		—		—		—		—		—		—		—		—		—		—
Noncontrolling interests		—		—		—		—		—		—		—		—		—		—		—		—		—
Net income (loss)	$	—	$	—	$	(580)	$	(1,062)	$	(588)	$	35	$	256	$	113	$	648	$	(92)	$	214	$	(1,642)	$	(184)

(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 on Citi's Consolidated Statement of Income on page 2 for each respective line item.

(2) 3Q21 includes an approximate $680 million loss on sale (approximately $580 million after-tax), related to Citi's agreement to sell its Australian consumer banking business. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021.

(3) 4Q21 includes an approximate $1.052 billion in expenses (approximately $792 million after-tax), primarily related to charges incurred from the voluntary early retirement program (VERP) in connection with the wind-down of Citi's consumer banking business in Korea. For additional information, see Citi's Annual Report on Form 10-K for the annual period ended December 31, 2021.

(4) 1Q22 includes an approximate $535 million ($489 million after-tax) goodwill write-down due to re-segmentation and timing of Asia consumer banking business divestitures. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022.

(5) 3Q22 includes an approximate $616 million gain on sale recorded in revenue (approximately $290 million after various taxes) related to Citi's sale of the Philippines consumer banking business. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022

(6) 4Q22 includes an approximate $209 million (approximately $115 million after various taxes) gain on sale recorded in revenue related to Citi's sale of the Thailand consumer banking business. For additional information, see Citi's Annual Report on Form 10-K for the annual period ended December 31, 2022.

(7) 1Q23 includes an approximate $1.059 billion gain on sale recorded in revenue (approximately $727 million after various taxes) related to Citi's sale of the India consumer banking business. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023.

(8) 2Q23 includes approximately $79 million in expenses (approximately $57 million after-tax), primarily related to separation costs in Mexico and severance costs in Asia exit markets. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023.

(9) 3Q23 includes an approximate $403 million gain on sale recorded in revenue (approximately $284 million after various taxes) related to Citi's sale of the Taiwan consumer banking business. For additional information, see Citi's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023.

Reclassified to conform to the current period's presentation.

Page 14

AVERAGE BALANCES AND INTEREST RATES^(1)(2)(3)(4)

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate(4)
In millions of dollars, except as otherwise noted	3Q22		2Q23		3Q23		3Q22		2Q23		3Q23		3Q22		2Q23		3Q23
Assets
Deposits with banks	$	256,444	$	310,047	$	260,159	$	1,218	$	3,049	$	2,645	1.88	%	3.94	%	4.03	%
Securities borrowed and purchased under resale agreements(5)		361,719		365,704		352,608		2,176		6,254		7,363	2.39	%	6.86	%	8.28	%
Trading account assets(6)		272,996		329,229		345,864		1,991		3,752		3,893	2.89	%	4.57	%	4.47	%
Investments		513,414		507,949		508,854		3,010		4,456		4,727	2.33	%	3.52	%	3.69	%
Consumer loans		356,347		367,852		375,632		7,380		8,962		9,609	8.22	%	9.77	%	10.15	%
Corporate loans		298,371		285,739		286,654		3,430		5,102		5,447	4.56	%	7.16	%	7.54	%
Total loans (net of unearned income)(7)		654,718		653,591		662,286		10,810		14,064		15,056	6.55	%	8.63	%	9.02	%
Other interest-earning assets		110,619		85,083		76,400		760		1,085		1,176	2.73	%	5.11	%	6.11	%
Total average interest-earning assets	$	2,169,910	$	2,251,603	$	2,206,171	$	19,965	$	32,660	$	34,860	3.65	%	5.82	%	6.27	%
Liabilities
Deposits	$	1,075,359	$	1,132,211	$	1,121,163	$	3,270	$	8,727	$	9,630	1.21	%	3.09	%	3.41	%
Securities loaned and sold under repurchase agreements(5)		207,190		262,147		275,123		1,251		4,953		6,090	2.40	%	7.58	%	8.78	%
Trading account liabilities(6)		128,525		128,354		111,367		472		870		892	1.46	%	2.72	%	3.18	%
Short-term borrowings and other interest-bearing liabilities		154,322		126,734		117,435		745		1,777		1,956	1.92	%	5.62	%	6.61	%
Long-term debt(8)		169,329		162,327		158,485		1,618		2,420		2,441	3.79	%	5.98	%	6.11	%
Total average interest-bearing liabilities	$	1,734,725	$	1,811,773	$	1,783,573	$	7,356	$	18,747	$	21,009	1.68	%	4.15	%	4.67	%
Net interest income as a % of average interest-earning assets (NIM)(8)							$	12,609	$	13,913	$	13,851	2.31	%	2.48	%	2.49	%
3Q23 increase (decrease) from:													18	bps	1	bps

(1) Interest revenue and Net interest income include the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $46 million for 3Q22, $13 million for 2Q23 and $23 million for 3Q23.

(2) Citigroup average balances and interest rates include both domestic and international operations.

(3) Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4) Average rate percentage is calculated as annualized interest over average volumes.

(5) Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

(6) Interest expense on Trading account liabilities of Services, Markets, and Banking is reported as a reduction of Interest revenue. Interest revenue and Interest expense on cash collateral positions are reported in Trading account assets and Trading account liabilities, respectively.

(7) Nonperforming loans are included in the average loan balances.

(8) Excludes hybrid financial instruments with changes in fair value recorded in Principal transactions revenue.

Reclassified to conform to the current period's presentation.

Page 15

EOP LOANS⁽¹⁾⁽²⁾

(In billions of dollars)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023
Corporate loans by region
North America	$	126.7		$	127.5		$	127.7		$	126.7		$	129.2		$	129.9		$	125.9		$	127.8		$	125.1		$	121.7		$	123.0
International		163.8			168.5			167.8			164.5			180.1			171.8			162.5			161.4			163.2			164.3			165.6
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
Corporate loans by segment and reporting unit
Services	$	72.7		$	77.5		$	79.8		$	75.2		$	86.6		$	85.9		$	80.4		$	76.6		$	80.1		$	83.6		$	83.4
Markets		111.0			115.9			111.4			115.1			115.7			109.2			108.6			114.2			111.5			107.2			112.8
Banking		100.1			96.1			97.9			94.2			99.9			99.5			92.4			91.3			89.0			87.0			84.2
All Other - Legacy Franchises - Mexico SBMM		6.7			6.5			6.4			6.7			7.1			7.1			7.0			7.1			7.7			8.2			8.2
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
U.S. Personal Banking
Branded Cards	$	78.5		$	82.1		$	82.8		$	87.9		$	85.9		$	91.6		$	93.7		$	100.2		$	97.1		$	103.0		$	105.2
Retail Services		42.5			42.7			42.7			46.0			44.1			45.8			46.7			50.5			48.4			50.0			50.5
Retail Banking		35.6			34.3			33.4			33.0			33.3			35.4			35.8			37.1			39.2			41.5			43.1
Total USPB	$	156.6		$	159.1		$	158.9		$	166.9		$	163.3		$	172.8		$	176.2		$	187.8		$	184.7		$	194.5		$	198.8
Wealth by region
North America	$	88.1		$	91.7		$	92.1		$	92.8		$	94.1		$	94.6		$	99.3		$	98.2		$	98.9		$	99.5		$	101.1
International		57.3			58.0			58.2			58.5			56.1			54.2			51.8			51.0			51.0			51.0			49.5
Total Wealth	$	145.4		$	149.7		$	150.3		$	151.3		$	150.2		$	148.8		$	151.1		$	149.2		$	149.9		$	150.5		$	150.6
All Other - Consumer
Asia Consumer(3)	$	54.0		$	53.5		$	42.9		$	41.1		$	19.5		$	17.3		$	13.4		$	13.3		$	10.0		$	9.1		$	8.0
Mexico Consumer		13.4			13.5			13.0			13.3			13.6			13.5			13.7			14.8			16.3			17.8			17.8
Legacy Holdings Assets		6.1			5.0			4.2			3.9			3.7			3.2			3.2			3.0			2.8			2.7			2.5
Total	$	73.5		$	72.0		$	60.1		$	58.3		$	36.8		$	34.0		$	30.3		$	31.1		$	29.1		$	29.6		$	28.3
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
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
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
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) Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises-Mexico SBMM that are included in Corporate loans.

(2) Consumer loans include loans managed by USPB, Wealth and All Other-Legacy Franchises (other than Mexico Small Business and Middle-Market Banking (Mexico SBMM) loans) that are included in Consumer loans.

(3) Asia Consumer also includes loans in Poland and Russia.

Reclassified to conform to the current period's presentation.

Page 16

EOP DEPOSITS

(In billions of dollars)

	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		1Q		2Q		3Q
	2021		2021		2021		2021		2022		2022		2022		2022		2023		2023		2023
Services, Markets, and Banking by region
North America	$	385.1	$	379.1	$	408.0	$	382.8	$	390.5	$	404.3	$	391.0	$	405.5	$	394.7	$	393.2	$	371.5
International		413.1		419.4		424.6		406.6		435.0		424.4		405.9		439.9		424.7		425.0		410.8
Total	$	798.2	$	798.5	$	832.6	$	789.4	$	825.5	$	828.7	$	796.9	$	845.4	$	819.4	$	818.2	$	782.3
Treasury and Trade Solutions	$	644.5	$	640.3	$	674.2	$	633.2	$	664.2	$	670.3	$	647.1	$	701.3	$	670.9	$	671.4	$	643.0
Securities Services		129.9		135.2		136.7		133.8		138.7		136.3		127.8		119.8		124.2		124.4		113.7
Services	$	774.4	$	775.5	$	810.9	$	767.0	$	802.9	$	806.6	$	774.9	$	821.1	$	795.1	$	795.8	$	756.7
Markets		22.2		21.5		20.6		21.4		21.5		20.9		20.5		22.6		23.0		21.5		24.7
Banking		1.6		1.5		1.1		1.0		1.1		1.2		1.5		1.7		1.3		0.9		0.9
Total	$	798.2	$	798.5	$	832.6	$	789.4	$	825.5	$	828.7	$	796.9	$	845.4	$	819.4	$	818.2	$	782.3
U.S Personal Banking	$	112.9	$	113.1	$	113.5	$	116.8	$	119.5	$	115.7	$	115.2	$	112.5	$	114.7	$	112.3	$	108.9
Wealth
North America	$	176.4	$	184.7	$	194.8	$	206.9	$	206.1	$	190.3	$	187.7	$	193.9	$	192.6	$	184.7	$	183.8
International		117.0		119.2		121.7		122.3		126.0		121.6		124.4		131.4		129.6		129.8		123.6
Total	$	293.4	$	303.9	$	316.5	$	329.2	$	332.1	$	311.9	$	312.1	$	325.3	$	322.2	$	314.5	$	307.4
All Other
Legacy Franchises
Asia Consumer(1)	$	54.6	$	54.0	$	46.6	$	43.3	$	17.5	$	17.2	$	14.6	$	14.5	$	14.4	$	12.2	$	10.8
Mexico Consumer/SBMM		32.6		33.0		31.4		32.7		33.9		35.5		35.8		36.5		38.3		40.8		40.0
Legacy Holdings Assets		—		—		—		—		—		—		—		—		—		—		—
Corporate/Other		9.3		7.8		6.9		5.8		5.2		12.8		31.9		31.8		21.5		21.9		24.1
Total	$	96.5	$	94.8	$	84.9	$	81.8	$	56.6	$	65.5	$	82.3	$	82.8	$	74.2	$	74.9	$	74.9
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
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) Asia Consumer also includes deposits of Poland and Russia.

Reclassified to conform to the current period's presentation.

Page 17

ALLOWANCE FOR CREDIT LOSSES (ACL) ROLLFORWARD

(In millions of dollars, except ratios)

	Balance		Builds (releases)										FY 2022		Balance		Builds (Releases)								YTD 2023		Balance		ACLL/EOP Loans
	12/31/21		1Q22		2Q22		3Q22		4Q22		FY 2022		FX/Other		12/31/22		1Q23		2Q23		3Q23		YTD 2023		FX/Other(1)		9/30/23		9/30/23
Allowance for credit losses on loans (ACLL)
Services	$	183	$	241	$	(7)	$	(107)	$	1	$	128	$	45	$	356	$	(72)	$	(14)	$	6	$	(80)	$	(2)	$	274
Markets		588		(80)		8		117		35		80		(35)		633		63		(24)		124		163		9		805
Banking		1,470		435		(77)		65		(153)		270		(14)		1,726		(66)		(112)		(29)		(207)		(20)		1,499
Legacy Franchises corporate (Mexico SBMM)		174		5		(3)		(34)		(7)		(39)		5		140		(10)		(2)		1		(11)		10		139
Total corporate ACLL	$	2,415	$	601	$	(79)	$	41	$	(124)	$	439	$	1	$	2,855	$	(85)	$	(152)	$	102	$	(135)	$	(3)	$	2,717	0.97%
U.S. Cards	$	10,840	$	(1,009)	$	447	$	303	$	814	$	555	$	(2)	$	11,393	$	536	$	276	$	128	$	940	$	(173)	$	12,160	7.81%
Retail Banking		514		(87)		(6)		2		53		(38)		(29)		447		40		27		(14)		53		(29)		471
Total USPB	$	11,354	$	(1,096)	$	441	$	305	$	867	$	517	$	(31)	$	11,840	$	576	$	303	$	114	$	993	$	(202)	$	12,631
Wealth		667		34		197		55		(96)		190		26		883		(69)		30		(19)		(58)		(31)		794
All Other - consumer		2,019		(151)		(25)		40		(54)		(190)		(433)		1,396		13		76		(18)		71		20		1,487
Total consumer ACLL	$	14,040	$	(1,213)	$	613	$	400	$	717	$	517	$	(438)	$	14,119	$	520	$	409	$	77	$	1,006	$	(213)	$	14,912	3.95%
Total ACLL	$	16,455	$	(612)	$	534	$	441	$	593	$	956	$	(437)	$	16,974	$	435	$	257	$	179	$	871	$	(216)	$	17,629	2.68%
Allowance for credit losses on unfunded lending commitments (ACLUC)	$	1,871	$	474	$	(159)	$	(71)	$	47	$	291	$	(11)	$	2,151	$	(194)	$	(96)	$	(54)	$	(344)	$	(1)	$	1,806
Total ACLL and ACLUC (EOP)		18,326														19,125												19,435
Other(2)		148		(6)		27		83		5		109		(14)		243		408		145		53		606		(56)		793
Total allowance for credit losses (ACL)	$	18,474	$	(144)	$	402	$	453	$	645	$	1,356	$	(462)	$	19,368	$	649	$	306	$	178	$	1,133	$	(273)	$	20,228

(1) Includes the January 1, 2023 opening adjustment related to the adoption of ASU No. 2022-02 Financial Instruments - Credit Losses (Topic 326) TDRs and Vintage Disclosures. See page 19.

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

Reclassified to conform to the current period's presentation.

Page 18

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 1

(In millions of dollars)

																																		Full		Full
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			1Q			2Q			3Q			Year		Year
	2021			2021			2021			2021			2022			2022			2022			2022			2023			2023			2023			2021		2022
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		$	24,956	$	16,455
Adjustment to opening balance
Financial instruments—TDRs and Vintage Disclosures(1)		—			—			—			—			—			—			—			—			(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			24,956		16,455
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)			(6,720)		(5,156)
Gross recoveries on loans		460			524			428			413			368			362			350			287			332			375			363			1,825		1,367
Net credit (losses) / recoveries on loans (NCLs)		(1,748)			(1,320)			(961)			(866)			(872)			(850)			(887)			(1,180)			(1,302)			(1,504)			(1,637)			(4,895)		(3,789)
Replenishment of NCLs		1,748			1,320			961			866			872			850			887			1,180			1,302			1,504			1,637			4,895		3,789
Net reserve builds / (releases) for loans		(3,227)			(2,446)			(1,149)			(1,176)			(612)			534			441			593			435			257			179			(7,998)		956
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			(3,103)		4,745
Other, net(2)(3)(4)(5)(6)(7)		(91)			46			(374)			(84)			(450)			25			(84)			72			112			70			(46)			(503)		(437)
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		$	16,455	$	16,974
Allowance for credit losses on unfunded lending commitments (ACLUC)(8) (a)	$	2,012		$	2,073		$	2,063		$	1,871		$	2,343		$	2,193		$	2,089		$	2,151		$	1,959		$	1,862		$	1,806		$	1,871	$	2,151
Provision (release) for credit losses on unfunded lending commitments	$	(626)		$	44		$	(13)		$	(193)		$	474		$	(159)		$	(71)		$	47		$	(194)		$	(96)		$	(54)		$	(788)	$	291
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		$	18,326	$	19,125
Total ACLL as a percentage of total loans(9)		3.29	%		2.88	%		2.69	%		2.49	%		2.35	%		2.44	%		2.54	%		2.60	%		2.65	%		2.67	%		2.68	%
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		$	20,180	$	14,040
Adjustments to opening balance
Financial instruments—TDRs and Vintage Disclosures(1)		—			—			—			—			—			—			—			—			(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			20,180		14,040
NCLs		(1,563)			(1,243)			(922)			(781)			(841)			(827)			(881)			(1,062)			(1,280)			(1,429)			(1,579)			(4,509)		(3,611)
Replenishment of NCLs		1,563			1,243			922			781			841			827			881			1,062			1,280			1,429			1,579			4,509		3,611
Net reserve builds / (releases) for loans		(2,000)			(1,583)			(1,102)			(983)			(1,213)			613			400			717			520			409			77			(5,668)		517
Provision for credit losses on loans (PCLL)		(437)			(340)			(180)			(202)			(372)			1,440			1,281			1,779			1,800			1,838			1,656			(1,159)		4,128
Other, net(2)(3)(4)(5)(6)(7)		(84)			53			(359)			(82)			(459)			2			(22)			41			102			68			(31)			(472)		(438)
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		$	14,040	$	14,119
Consumer ACLUC(8) (b)	$	42		$	44		$	35		$	29		$	139		$	165		$	143		$	120		$	101		$	88		$	65		$	29	$	120
Provision (release) for credit losses on unfunded lending commitments	$	(15)		$	1		$	(9)		$	(5)		$	109		$	19		$	(8)		$	(20)		$	(17)		$	(4)		$	(20)		$	(28)	$	100
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		$	14,069	$	14,239
Consumer ACLL as a percentage 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	%
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		$	4,776	$	2,415
NCLs		(185)			(77)			(39)			(85)			(31)			(23)			(6)			(118)			(22)			(75)			(58)			(386)		(178)
Replenishment of NCLs		185			77			39			85			31			23			6			118			22			75			58			386		178
Net reserve builds / (releases) for loans		(1,227)			(863)			(47)			(193)			601			(79)			41			(124)			(85)			(152)			102			(2,330)		439
Provision for credit losses on loans (PCLL)		(1,042)			(786)			(8)			(108)			632			(56)			47			(6)			(63)			(77)			160			(1,944)		617
Other, net(2)		(7)			(7)			(15)			(2)			9			23			(62)			31			10			2			(15)			(31)		1
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		$	2,415	$	2,855
Corporate ACLUC(8) (c)	$	1,970		$	2,029		$	2,028		$	1,842		$	2,204		$	2,028		$	1,946		$	2,031		$	1,858		$	1,774		$	1,741		$	1,842	$	2,031
Provision (release) for credit losses on unfunded lending commitments	$	(611)		$	43		$	(4)		$	(188)		$	365		$	(178)		$	(63)		$	67		$	(177)		$	(92)		$	(34)		$	(760)	$	191
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		$	4,257	$	4,886
Corporate ACLL as a percentage 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	%
Footnotes to this table are on the following page (page 20).

Page 19

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 2

The following footnotes relate to the table on the preceding page (page 19):

(1) Includes the January 1, 2023 opening adjustment related to the adoption of ASU No. 2022-02 Financial Instruments - Credit Losses (Topic 326) TDRs and Vintage Disclosures.

(2) Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(3) 3Q22 primarily relates to FX translation.

(4) 4Q22 primarily relates to FX translation.

(5) 1Q23 primarily relates to FX translation.

(6) 2Q23 primarily relates to FX translation.

(7) 3Q23 primarily relates to FX translation.

(8) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(9) Excludes loans that are carried at fair value for all periods, including $3.9 billion, $5.4 billion, $5.1 billion, $5.8 billion, and $7.4 billion, at September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, and September 30, 2023, respectively.

Reclassified to conform to the current period's presentation.

Page 20

NON-ACCRUAL ASSETS

(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
Corporate non-accrual loans by region(1)
North America	$	1,211		$	895		$	923		$	510		$	462		$	304		$	276		$	138		$	285		$	358		$	934
International		1,505			1,355			1,196			1,043			1,404			1,351			1,209			984			928			903			1,041
Total	$	2,716		$	2,250		$	2,119		$	1,553		$	1,866		$	1,655		$	1,485		$	1,122		$	1,213		$	1,261		$	1,975
Corporate non-accrual loans by segment and component(1)
Banking	$	2,174		$	1,740		$	1,579		$	1,166		$	1,210		$	997		$	1,072		$	757		$	833		$	799		$	946
Services		84			81			74			70			297			353			185			153			133			123			94
Markets		208			124			173			85			126			29			13			13			38			133			743
Mexico SBMM		250			305			293			232			233			276			215			199			209			206			192
Total	$	2,716		$	2,250		$	2,119		$	1,553		$	1,866		$	1,655		$	1,485		$	1,122		$	1,213		$	1,261		$	1,975
Consumer non-accrual loans(1)
U.S. Personal Banking	$	413		$	373		$	345		$	344		$	318		$	320		$	298		$	282		$	287		$	276		$	280
Wealth		404			338			292			336			268			216			287			259			321			260			287
Asia Consumer(2)		292			303			259			209			38			34			30			30			29			24			25
Mexico Consumer		720			612			549			524			512			493			486			457			480			498			463
Legacy Holdings Assets - Consumer		545			506			425			413			381			317			300			289			278			263			247
Total	$	2,374		$	2,132		$	1,870		$	1,826		$	1,517		$	1,380		$	1,401		$	1,317		$	1,395		$	1,321		$	1,302
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
Other real estate owned (OREO)(3)	$	43		$	33		$	21		$	27		$	26		$	13		$	16		$	15		$	21		$	31		$	37
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	%
ACLL as a percentage of NAL		425	%		439	%		444	%		487	%		455	%		526	%		565	%		696	%		658	%		678	%		538	%

(1) Corporate loans are placed on non-accrual status based upon 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 of Poland 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.

Reclassified to conform to the current period's presentation.

Page 21

CITIGROUP

CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE

PER SHARE AND TANGIBLE BOOK VALUE PER SHARE

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

	March 31,			June 30,			September 30,			December 31,			March 31,			June 30,			September 30,			December 31,			March 31,			June 30,			September 30,
Common Equity Tier 1 Capital Ratio and Components(1)		2021			2021			2021			2021			2022			2022			2022			2022			2023			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		$	190,134
Add: qualifying noncontrolling interests		132			138			136			143			126			129			113			128			207			209			193
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			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)			(1,259)
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			625
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			18,552
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			3,444
Defined benefit pension plan net assets; other		1,485			2,040			2,068			2,080			2,230			2,038			1,932			1,935			1,999			2,020			1,340
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards(7)		11,691			11,192			10,897			11,270			11,701			11,679			11,690			12,197			11,783			11,461			11,219
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(7)(8)		-			-			-			-			1,157			798			1,261			325			1,045			1,828			1,786
Common Equity Tier 1 Capital (CET1)	$	148,944		$	150,378		$	149,631		$	149,305		$	143,749		$	144,893		$	144,567		$	148,930		$	153,753		$	154,243		$	156,134
Risk-Weighted Assets (RWA)(4)	$	1,287,619		$	1,277,234		$	1,284,316		$	1,219,175		$	1,257,293		$	1,212,386		$	1,250,153		$	1,142,985		$	1,144,359		$	1,153,450		$	1,148,550
Common Equity Tier 1 Capital ratio (CET1/RWA)		11.57	%		11.77	%		11.65	%		12.25	%		11.43	%		11.95	%		11.56	%		13.03	%		13.44	%		13.37	%		13.59	%
Supplementary Leverage Ratio and Components
Common Equity Tier 1 Capital (CET1)(4)	$	148,944		$	150,378		$	149,631		$	149,305		$	143,749		$	144,893		$	144,567		$	148,930		$	153,753		$	154,243		$	156,134
Additional Tier 1 Capital (AT1)(6)		21,540			19,258			19,271			20,263			20,266			20,266			20,263			20,215			21,496			21,500			20,744
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		$	176,878
Total Leverage Exposure (TLE)(4)	$	2,454,564		$	2,903,760		$	2,911,050		$	2,957,764		$	2,939,533		$	2,918,273		$	2,888,535		$	2,906,773		$	2,939,744		$	2,943,546		$	2,927,392
Supplementary Leverage ratio (T1C/TLE)		6.95	%		5.84	%		5.80	%		5.73	%		5.58	%		5.66	%		5.71	%		5.82	%		5.96	%		5.97	%		6.04	%
Tangible Common Equity, Book Value 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
Less:
Goodwill		21,905			22,060			21,573			21,299			19,865			19,597			19,326			19,691			19,882			19,998			19,829
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
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS		-			-			257			510			1,384			1,081			794			589			246			246			49
Tangible common equity (TCE)	$	156,056		$	157,836		$	156,906		$	157,077		$	153,463		$	155,415		$	155,607		$	158,151		$	163,948		$	164,335		$	166,319
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
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
Tangible book value per share (TCE/CSO)	$	75.50		$	77.87		$	79.07		$	79.16		$	79.03		$	80.25		$	80.34		$	81.65		$	84.21		$	85.34		$	86.90
Average TCE (in billions of dollars)
Services	$	23.9		$	23.9		$	23.9		$	23.9		$	22.5		$	22.5		$	22.5		$	22.5		$	23.0		$	23.0		$	23.0
Markets		45.0			45.0			45.0			45.0			51.6			51.6			51.6			51.6			53.1			53.1			53.1
Banking		20.2			20.2			20.2			20.2			21.7			21.7			21.7			21.7			21.4			21.4			21.4
U.S. Personal Banking		21.0			21.0			21.0			21.0			20.7			20.7			20.7			20.7			21.9			21.9			21.9
Wealth		12.9			12.9			12.9			12.9			13.9			13.9			13.9			13.9			13.4			13.4			13.4
All Other		31.7			33.9			34.4			34.0			24.9			24.0			25.1			26.5			28.3			31.3			32.5
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
Plus:
Average Goodwill	$	21.3		$	22.0		$	21.9		$	20.9		$	21.0		$	19.4		$	19.4		$	19.1		$	18.7		$	20.0		$	19.9
Average Intangible assets (other than MSRs)		4.4			4.3			4.2			4.1			4.0			4.0			3.9			3.8			3.9			3.9			3.9
Average Goodwill and identifiable intangible assets (other than MSRs) related to assets 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

(1) See footnote 8 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 9 on page 1.

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

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

(7) 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 timing differences (future deductions) that are deducted from CET1 capital exceeding the 10% limitation.

(8) Assets subject to 10% / 15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. From March 31, 2022 to September 30, 2023, 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

EX-99.2

			Exhibit 99.2
Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class	Ticker Symbol(s)	Title for iXBRL	Name of each exchange on which registered
Common Stock, par value $.01 per share	C	Common Stock, par value $.01 per share	New York Stock Exchange
Depositary Shares, each representing 1/1,000th interest in a share of 7.125% Fixed/Floating Rate Noncumulative Preferred Stock, Series J	C Pr J	Dep Shs, represent 1/1,000th interest in a share of 7.125% Fix/Float Rate Noncum Pref Stk, Ser J	New York Stock Exchange
7.625% Trust Preferred Securities of Citigroup Capital III (and registrant’s guaranty with respect thereto)	C/36Y	7.625% TRUPs of Cap III (and registrant’s guaranty)	New York Stock Exchange
7.875% Fixed Rate / Floating Rate Trust Preferred Securities (TruPS®) of Citigroup Capital XIII (and registrant’s guaranty with respect thereto)	C N	7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Callable Step-Up Coupon Notes Due March 31, 2036 of CGMHI (and registrant’s guaranty with respect thereto)	C/36A	MTN, Series N, Callable Step-Up Coupon Notes Due Mar 2036 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Callable Step-Up Coupon Notes Due February 26, 2036 of CGMHI (and registrant's guaranty with respect thereto)	C/36	MTN, Series N, Callable Step-Up Coupon Notes Due Feb 2036 of CGMHI (and registrant's guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Callable Fixed Rate Notes Due December 18, 2035 of CGMHI (and registrant's guaranty with respect thereto)	C/35	MTN, Series N, Callable Fixed Rate Notes Due Dec 2035 of CGMHI (and registrant's guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Callable Fixed Rate Notes Due April 26, 2028 of CGMHI (and registrant’s guaranty with respect thereto)	C/28	MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 17, 2026 of CGMHI (and registrant’s guaranty with respect thereto)	C/26	MTN, Series N, Floating Rate Notes Due Sept 2026 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due September 15, 2028 of CGMHI (and registrant’s guaranty with respect thereto)	C/28A	MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)	New York Stock Exchange

Medium-Term Senior Notes, Series N, Floating Rate Notes Due October 6, 2028 of CGMHI (and registrant’s guaranty with respect thereto)	C/28B	MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)	New York Stock Exchange
Medium-Term Senior Notes, Series N, Floating Rate Notes Due March 21, 2029 of CGMHI (and registrant’s guaranty with respect thereto)	C/29A	MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)	New York Stock Exchange

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Document and Entity Information	Jan. 10, 2024
Document Type	8-K
Document Period End Date	Jan. 10, 2024
Entity File Number	1-9924
Entity Registrant Name	Citigroup Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-1568099
Entity Address, Address Line One	388 Greenwich Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10013
City Area Code	212
Local Phone Number	559-1000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000831001
Amendment Flag	false
Common Stock [Member]
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	C
Security Exchange Name	NYSE
Series J Preferred Stock [Member]
Title of 12(b) Security	Dep Shs, represent 1/1,000th interest in a share of 7.125% Fix/Float Rate Noncum Pref Stk, Ser J
Trading Symbol	C Pr J
Security Exchange Name	NYSE
Citigroup Capital III [Member]
Title of 12(b) Security	7.625% TRUPs of Cap III (and registrant’s guaranty)
Trading Symbol	C/36Y
Security Exchange Name	NYSE
Citigroup Capital XIII [Member]
Title of 12(b) Security	7.875% FXD / FRN TruPS of Cap XIII (and registrant’s guaranty)
Trading Symbol	C N
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Mar 2036 [Member]
Title of 12(b) Security	MTN, Series N, Callable Step-Up Coupon Notes Due Mar 2036 of CGMHI (and registrant’s guaranty)
Trading Symbol	C/36A
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Dec 2035 [Member]
Title of 12(b) Security	MTN, Series N, Callable Fixed Rate Notes Due Dec 2035 of CGMHI (and registrant's guaranty)
Trading Symbol	C/35
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Feb 2036 [Member]
Title of 12(b) Security	MTN, Series N, Callable Step-Up Coupon Notes Due Feb 2036 of CGMHI (and registrant's guaranty)
Trading Symbol	C/36
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Apr 2028 [Member]
Title of 12(b) Security	MTN, Series N, Callable Fixed Rate Notes Due Apr 2028 of CGMHI (and registrant’s guaranty)
Trading Symbol	C/28
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Sept 2026 [Member]
Title of 12(b) Security	MTN, Series N, Floating Rate Notes Due Sept 2026 of CGMHI (and registrant’s guaranty)
Trading Symbol	C/26
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Sept 2028 [Member]
Title of 12(b) Security	MTN, Series N, Floating Rate Notes Due Sept 2028 of CGMHI (and registrant’s guaranty)
Trading Symbol	C/28A
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Oct 2028 [Member]
Title of 12(b) Security	MTN, Series N, Floating Rate Notes Due Oct 2028 of CGMHI (and registrant’s guaranty)
Trading Symbol	C/28B
Security Exchange Name	NYSE
Series N Medium Term Senior Notes Due Mar 2029 [Member]
Title of 12(b) Security	MTN, Series N, Floating Rate Notes Due Mar 2029 of CGMHI (and registrant’s guaranty)
Trading Symbol	C/29A
Security Exchange Name	NYSE