CITIGROUP INC (C) Form 8-K — Oct 13, 2026
Citigroup reported third quarter 2026 net income of $5.2 billion, or $2.85 per diluted share, on revenues of $23.8 billion, up 8% year over year. CEO Jane Fraser called it the best third-quarter revenue in a decade, with positive operating leverage and expenses down 2%. Services revenues rose 15% to $6.6 billion, Equities rose 14%, Wealth grew 15%, and Banking grew 6%, while U.S. Consumer Cards net income slipped 8% to $851 million on higher partner payment accruals.
Key figures
- Eps
- 2.85
- Revenue
- 23845000000
- Guidance
- Citi expects to exceed this year's return target and cited 11-13% near-term RoTCE goal on path to sustainable returns of 14-15%
- Net Income
- 5245000000
- Total Debt
- Long-term debt of $345.8 billion
- Revenue Yoy
- 8%
- Total Assets
- 2941271000000
- Cash Position
- Total assets of $2.94 trillion; EOP deposits of $1.505 trillion
- Roe
- 10.1%
- Eop loans
- $820 billion
- Cet1 ratio
- 12.8%
- Payout ratio
- 85%
- Wealth revenue
- $3.3 billion (up 15%)
- Markets revenue
- $6.1 billion (up 6%)
- Uscc net income
- $851 million (down 8%)
- Efficiency ratio
- 58.5%
- Revenue prior year
- $22.1 billion
- Book value per share
- 115.61
- Net income prior year
- $3.8 billion
- Banking revenue growth
- 6%
- Diluted eps prior year
- 1.86
- Services revenue growth
- 15%
- Allowance for credit losses
- $22.4 billion
- Provision for credit losses
- $2.6 billion
- Supplementary leverage ratio
- 5.0%
- Tangible book value per share
- 101.59
- Returned to common shareholders
- $4.1 billion
AI analysis
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