01—Abstract
Summary
Summary of the 8-K filed April 3, 2026. Cited figures are marked; the original filing is the authoritative source.
Citigroup's April 3, 2026 8-K furnishes (under Regulation FD, not filed) Exhibit 99.1, a recast Historical Quarterly Financial Data Supplement covering 2021 through 2025.
It is a comparability document ahead of Citi's first-quarter 2026 earnings release on April 14, 2026. It reports no new results. Consolidated revenues, expenses, net income, capital and TCE are unchanged.
The recast reflects two reporting changes effective in 1Q26: Retail Banking moved from U.S. Personal Banking to Wealth, and the remaining USPB businesses were combined into a new U.S. Consumer Cards segment. It also reflects a revised TCE methodology among Services, Markets and Banking that removes the corporate lending revenue-share arrangement previously shown in 'All Other.' For investors, the practical impact is on segment comparisons. Under the updated methodology, Services and Markets receive more allocated TCE and higher revenues, while Banking receives less TCE and reports lower revenues.
Segment returns (RoTCE) and segment growth rates will therefore shift versus previously published figures, even though the consolidated picture is the same. Investors modeling segment earnings should use the recast history rather than the originally reported numbers. The supplement also shows the consolidated trajectory for 2025.
Full-year 2025 revenue was $85.2 billiona, up from $80.7 billion in 2024. Net income attributable to Citi was $14.3 billion, and diluted EPS from continuing operations was $6.99, versus $5.95 in 2024. Full-year RoTCE was 7.7%, and the efficiency ratio improved to 64.7%.
The 4Q25 result was a $1.8 billionb net loss, driven by a $2.1 billion pre-tax loss that includes a large restructuring charge and a provision build. The loss was linked to the Banamex deconsolidation and related CTA recognition, which will affect future EPS and RoTCE.
02—Key points
Key Highlights
- Recast only: consolidated results, balance sheet and TCE are unchanged for all periods; segment figures are restated for the 1Q26 reporting changes.
- Retail Banking moved from U.S. Personal Banking to the Wealth segment, and the remaining USPB businesses became the new U.S. Consumer Cards segment.
- Updated TCE methodology removes the corporate lending revenue share in 'All Other': Services and Markets gain allocated TCE and revenue, while Banking loses allocated TCE and revenue.
- FY2025 consolidated revenue was $85.2B (up from $80.7B in 2024), net income attributable to Citi was $14.3B, and diluted EPS from continuing operations was $6.99 versus $5.95.
- FY2025 RoTCE was 7.7% and the efficiency ratio was 64.7%, both improved from 2024 levels.
- 4Q25 was a $1.8B net loss, with a $2.1B pre-tax loss, including a $781M restructuring charge and a Banamex-related CTA impact that will affect future EPS and RoTCE.
- The document is furnished under Item 7.01 and is not deemed filed under Section 18 of the Exchange Act; there are no new financial results and no guidance changes in this filing.
03—Questions
Frequently Asked Questions
Does this 8-K change Citi's reported financial results?
No. Citi states that its consolidated results and TCE are unchanged for all periods presented. The recast only moves revenue, expenses, balance sheet and TCE among segments. Consolidated figures in the supplement match the previously reported 2021–2025 totals.
Why are Citi's segment results being restated?
Citi reorganized its segments effective 1Q26. Retail Banking moved from U.S. Personal Banking to Wealth, and the remaining USPB businesses were combined into a new U.S. Consumer Cards segment. Citi also changed how TCE is allocated across Services, Markets and Banking, eliminating a corporate lending revenue share previously shown in 'All Other.' The filing provides recast history so that quarterly comparisons remain consistent.
How does the TCE methodology change affect Services, Markets and Banking?
Services and Markets receive more allocated TCE and higher revenues, while Banking receives less TCE and lower revenues. Segment RoTCE figures will move accordingly. Investors comparing segment profitability should use the recast figures to avoid mismatched periods.
When will Citi report first-quarter 2026 results using these new segments?
Citi plans to issue its first-quarter 2026 earnings materials on April 14, 2026. Those materials will use the new segment structure, and this supplement is provided so investors can compare them against recast prior periods.
Is this 8-K a source of new financial information or guidance?
It is primarily a reference document. It furnishes a historical data supplement and does not provide new quarterly results or updated guidance. It is furnished under Regulation FD and is not deemed filed for Section 18 liability purposes.
04—Continue