CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
EX-99.1 - EX-99.1 - CITIGROUP INC	a17-11263_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a17-11263_18k.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

1Q17

	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income & Regional Average Assets and ROA	5

Global Consumer Banking (GCB)	6
Retail Banking and Cards Key Indicators	7
North America	8 - 10
Latin America	11 - 12
Asia (1)	13 - 14
Institutional Clients Group (ICG)	15
Revenues by Business	16

Corporate / Other	17
Consumer Key Indicators	18

Citigroup Supplemental Detail
Average Balances and Interest Rates	19
Deposits	20
Loans	21
Consumer Loan Delinquency Amounts and Ratios
90+ Days	22
30-89 Days	23
Allowance for Credit Losses	24 - 25
Components of Provision for Loan Losses	26
Non-Accrual Assets	27

Regulatory Capital Ratios, Tangible Common Equity, Book Value Per Share, Tangible Book Value Per Share and Returns on Equity	28

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

CITIGROUP — FINANCIAL SUMMARY

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

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Total Revenues, Net of Interest Expense	$	17,555		$	17,548		$	17,760		$	17,012		$	18,120		7	%	3	%
Total Operating Expenses	10,523			10,369			10,404			10,120			10,477			4	%	—
Net Credit Losses (NCLs)	1,724			1,616			1,525			1,696			1,709			1	%	(1	)%
Credit Reserve Build / (Release)	162			(226		)	221			31			(34		)	NM		NM
Provision / (Release) for Unfunded Lending Commitments	71			(30		)	(45		)	33			(43		)	NM		NM
Provision for Benefits and Claims	88			49			35			32			30			(6	)%	(66	)%
Provisions for Credit Losses and for Benefits and Claims	$	2,045		$	1,409		$	1,736		$	1,792		$	1,662		(7	)%	(19	)%
Income from Continuing Operations before Income Taxes	$	4,987		$	5,770		$	5,620		$	5,100		$	5,981		17	%	20	%
Income Taxes (benefits)	1,479			1,723			1,733			1,509			1,863			23	%	26	%
Income from Continuing Operations	$	3,508		$	4,047		$	3,887		$	3,591		$	4,118		15	%	17	%
Income (Loss) from Discontinued Operations, net of Taxes	(2		)	(23		)	(30		)	(3		)	(18		)	NM		NM
Net Income before Noncontrolling Interests	$	3,506		$	4,024		$	3,857		$	3,588		$	4,100		14	%	17	%
Net Income Attributable to Noncontrolling Interests	5			26			17			15			10			(33	)%	100	%
Citigroup’s Net Income	$	3,501		$	3,998		$	3,840		$	3,573		$	4,090		14	%	17	%

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.11		$	1.25		$	1.25		$	1.14		$	1.36		19	%	23	%
Citigroup’s Net Income	$	1.10		$	1.24		$	1.24		$	1.14		$	1.35		18	%	23	%
Shares (in millions):
Average Basic	2,943.0			2,915.8			2,879.9			2,813.8			2,765.3			(2	)%	(6	)%
Average Diluted	2,943.1			2,915.9			2,880.1			2,814.2			2,765.5			(2	)%	(6	)%
Common Shares Outstanding, at period end	2,934.9			2,905.4			2,849.7			2,772.4			2,753.3			(1	)%	(6	)%

Preferred Dividends - Basic	$	210		$	322		$	225		$	320		$	301		(6	)%	43	%
Preferred Dividends - Diluted	$	210		$	322		$	225		$	320		$	301		(6	)%	43	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	3,253		$	3,645		$	3,592		$	3,207		$	3,752		17	%	15	%
Citigroup’s Net Income	$	3,251		$	3,623		$	3,562		$	3,204		$	3,734		17	%	15	%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	3,253		$	3,645		$	3,592		$	3,207		$	3,752		17	%	15	%
Citigroup’s Net Income	$	3,251		$	3,623		$	3,562		$	3,204		$	3,734		17	%	15	%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 Capital Ratio(1) (2)	12.34		%	12.53		%	12.63		%	12.57		%	12.8		%
Tier 1 Capital Ratio (1) (2)	13.81		%	14.12		%	14.23		%	14.24		%	14.5		%
Total Capital Ratio (1) (2)	15.71		%	16.13		%	16.34		%	16.24		%	16.5		%
Supplementary Leverage Ratio (2) (3)	7.44		%	7.48		%	7.40		%	7.22		%	7.3		%
Return on Average Assets	0.79		%	0.89		%	0.83		%	0.78		%	0.91		%
Return on Average Common Equity	6.4		%	7.0		%	6.8		%	6.2		%	7.4		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	60		%	59		%	59		%	59		%	58		%

Balance Sheet Data(2) (in billions of dollars, except per share amounts):
Total Assets	$	1,801.0		$	1,818.8		$	1,818.1		$	1,792.1		$	1,821.6		2	%	1	%
Total Average Assets	1,777.6			1,807.3			1,830.2			1,819.8			1,830.6			1	%	3	%
Total Deposits	934.6			937.9			940.3			929.4			950.0			2	%	2	%
Citigroup’s Stockholders’ Equity	227.5			231.9			231.6			225.1			228.1			1	%	—
Book Value Per Share	71.47			73.19			74.51			74.26			75.86			2	%	6	%
Tangible Book Value Per Share (4)	62.58			63.53			64.71			64.57			65.94			2	%	5	%

Direct Staff (in thousands)	225			220			220			219			215			(2	)%	(4	)%

(1) Citigroup’s risk-based capital ratios, which reflect full implementation of the U.S. Basel III rules, are non-GAAP financial measures. These ratios are calculated under the Basel III Advanced Approaches framework. For the composition of Citi’s Common Equity Tier 1 Capital and ratio, see page 28.

(2) March 31, 2017 is preliminary.

(3) Citigroup’s Supplementary Leverage Ratio (SLR), which reflects full implementation of the U.S. Basel III rules, is a non-GAAP financial measure. For the composition of Citi’s SLR, see page 28.

(4) Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 28.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16
Revenues
Interest revenue	$	14,167		$	14,356		$	14,653		$	14,439		$	14,423		—		2	%
Interest expense	2,940			3,120			3,174			3,277			3,566			9	%	21	%
Net interest revenue	11,227			11,236			11,479			11,162			10,857			(3	)%	(3	)%

Commissions and fees	2,463			2,725			2,644			2,689			2,759			3	%	12	%
Principal transactions	1,840			1,816			2,238			1,691			3,022			79	%	64	%
Administrative and other fiduciary fees	811			878			862			813			893			10	%	10	%
Realized gains (losses) on investments	186			200			287			275			192			(30	)%	3	%
Other-than-temporary impairment losses on investments and other assets	(465		)	(118		)	(32		)	(5		)	(12		)	NM		97	%
Insurance premiums	264			217			184			171			169			(1	)%	(36	)%
Other revenue	1,229			594			98			216			240			11	%	(80	)%
Total non-interest revenues	6,328			6,312			6,281			5,850			7,263			24	%	15	%
Total revenues, net of interest expense	17,555			17,548			17,760			17,012			18,120			7	%	3	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,724			1,616			1,525			1,696			1,709			1	%	(1	)%
Credit reserve build / (release)	162			(226		)	221			31			(34		)	NM		NM
Provision for loan losses	1,886			1,390			1,746			1,727			1,675			(3	)%	(11	)%
Provision for Policyholder benefits and claims	88			49			35			32			30			(6	)%	(66	)%
Provision for unfunded lending commitments	71			(30		)	(45		)	33			(43		)	NM		NM
Total provisions for credit losses and for benefits and claims	2,045			1,409			1,736			1,792			1,662			(7	)%	(19	)%

Operating Expenses
Compensation and benefits	5,556			5,229			5,203			4,982			5,534			11	%	—
Premises and Equipment	651			642			624			625			620			(1	)%	(5	)%
Technology / communication expense	1,649			1,657			1,694			1,685			1,659			(2	)%	1	%
Advertising and marketing expense	390			433			403			406			373			(8	)%	(4	)%
Other operating	2,277			2,408			2,480			2,422			2,291			(5	)%	1	%
Total operating expenses	10,523			10,369			10,404			10,120			10,477			4	%	—

Income from Continuing Operations before Income Taxes	4,987			5,770			5,620			5,100			5,981			17	%	20	%
Provision (benefits) for income taxes	1,479			1,723			1,733			1,509			1,863			23	%	26	%

Income from Continuing Operations	3,508			4,047			3,887			3,591			4,118			15	%	17	%
Discontinued Operations
Income (Loss) from Discontinued Operations	(3		)	(36		)	(37		)	(4		)	(28		)	NM		NM
Provision (benefits) for income taxes	(1		)	(13		)	(7		)	(1		)	(10		)	NM		NM
Income (Loss) from Discontinued Operations, net of taxes	(2		)	(23		)	(30		)	(3		)	(18		)	NM		NM

Net Income before Noncontrolling Interests	3,506			4,024			3,857			3,588			4,100			14	%	17	%

Net Income attributable to noncontrolling interests	5			26			17			15			10			(33	)%	100	%
Citigroup’s Net Income	$	3,501		$	3,998		$	3,840		$	3,573		$	4,090		14	%	17	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																1Q17 Increase/
	March 31,			June 30,			September 30,			December 31,			March 31,			(Decrease) from
	2016			2016			2016			2016			2017 (1)			4Q16		1Q16
Assets
Cash and due from banks (including segregated cash and other deposits)	$	22,240		$	22,140		$	23,419		$	23,043		$	22,272		(3	)%	—
Deposits with banks	136,049			127,993			132,571			137,451			157,773			15	%	16	%
Fed funds sold and securities borr’d or purch under agree. to resell	225,093			228,683			236,045			236,813			242,929			3	%	8	%
Brokerage receivables	35,261			36,851			36,112			28,887			36,888			28	%	5	%
Trading account assets	265,499			263,174			254,627			243,925			244,903			—		(8	)%
Investments
Available-for-sale and non-marketable equity securities	316,362			320,390			316,352			307,637			297,891			(3	)%	(6	)%
Held-to-maturity	36,890			35,903			38,588			45,667			47,942			5	%	30	%
Total Investments	353,252			356,293			354,940			353,304			345,833			(2	)%	(2	)%
Loans, net of unearned income
Consumer	317,555			326,082			328,372			325,063			320,556			(1	)%	1	%
Corporate	301,269			307,433			310,063			299,306			308,039			3	%	2	%
Loans, net of unearned income	618,824			633,515			638,435			624,369			628,595			1	%	2	%
Allowance for loan losses	(12,712		)	(12,304		)	(12,439		)	(12,060		)	(12,030		)	—		5	%
Total loans, net	606,112			621,211			625,996			612,309			616,565			1	%	2	%
Goodwill	22,575			22,496			22,539			21,659			22,265			3	%	(1	)%
Intangible assets (other than MSRs)	3,493			5,521			5,358			5,114			5,013			(2	)%	44	%
Mortgage servicing rights (MSRs)	1,524			1,324			1,270			1,564			567			(64	)%	(63	)%
Other assets	129,869			133,085			125,240			128,008			126,627			(1	)%	(2	)%
Total assets	$	1,800,967		$	1,818,771		$	1,818,117		$	1,792,077		$	1,821,635		2	%	1	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	138,153		$	140,145		$	141,899		$	136,698		$	129,436		(5	)%	(6	)%
Interest-bearing deposits in U.S. offices	284,969			295,589			288,094			300,972			310,572			3	%	9	%
Total U.S. Deposits	423,122			435,734			429,993			437,670			440,008			1	%	4	%
Non-interest-bearing deposits in offices outside the U.S.	77,865			76,574			75,956			77,616			79,063			2	%	2	%
Interest-bearing deposits in offices outside the U.S.	433,604			425,544			434,303			414,120			430,919			4	%	(1	)%
Total International Deposits	511,469			502,118			510,259			491,736			509,982			4	%	—

Total deposits	934,591			937,852			940,252			929,406			949,990			2	%	2	%
Fed funds purch and securities loaned or sold under agree. to repurch.	157,208			158,001			153,124			141,821			148,230			5	%	(6	)%
Brokerage payables	58,257			62,054			61,921			57,152			59,655			4	%	2	%
Trading account liabilities	136,146			136,307			131,649			139,045			144,070			4	%	6	%
Short-term borrowings	20,893			18,408			29,527			30,701			26,127			(15	)%	25	%
Long-term debt	207,835			207,448			209,051			206,178			208,530			1	%	—
Other liabilities (2)	57,276			65,680			59,903			61,631			55,880			(9	)%	(2	)%
Total liabilities	$	1,572,206		$	1,585,750		$	1,585,427		$	1,565,934		$	1,592,482		2	%	1	%

Equity
Stockholders’ equity
Preferred stock	$	17,753		$	19,253		$	19,253		$	19,253		$	19,253		—		8	%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,590			107,730			107,875			108,042			107,613			—		—
Retained earnings	136,998			140,527			143,678			146,477			149,731			2	%	9	%
Treasury stock	(8,224		)	(9,538		)	(12,069		)	(16,302		)	(17,579		)	(8	)%	NM
Accumulated other comprehensive income (loss)	(26,626		)	(26,115		)	(27,193		)	(32,381		)	(30,917		)	5	%	(16	)%
Total common equity	$	209,769		$	212,635		$	212,322		$	205,867		$	208,879		1	%	—

Total Citigroup stockholders’ equity	$	227,522		$	231,888		$	231,575		$	225,120		$	228,132		1	%	—
Noncontrolling interests	1,239			1,133			1,115			1,023			1,021			—		(18	)%
Total equity	228,761			233,021			232,690			226,143			229,153			1	%	—
Total liabilities and equity	$	1,800,967		$	1,818,771		$	1,818,117		$	1,792,077		$	1,821,635		2	%	1	%

(1) Preliminary

(2) Includes allowance for credit losses for unfunded lending commitments. See page 25 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 3

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

											1Q17 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2016		2016		2016		2016		2017		4Q16		1Q16

Global Consumer Banking
North America	$	4,830	$	4,709	$	5,161	$	5,059	$	4,944	(2	)%	2	%
Latin America	1,229		1,236		1,245		1,212		1,151		(5	)%	(6	)%
Asia (1)	1,655		1,729		1,758		1,696		1,722		2	%	4	%
Total	7,714		7,674		8,164		7,967		7,817		(2	)%	1	%

Institutional Clients Group
North America	2,980		3,393		3,191		2,949		3,455		17	%	16	%
EMEA	2,167		2,577		2,506		2,605		2,807		8	%	30	%
Latin America	962		1,022		999		994		1,127		13	%	17	%
Asia	1,786		1,697		1,763		1,636		1,737		6	%	(3	)%
Total	7,895		8,689		8,459		8,184		9,126		12	%	16	%

Corporate / Other	1,946		1,185		1,137		861		1,177		37	%	(40	)%

Total Citigroup - Net Revenues	$	17,555	$	17,548	$	17,760	$	17,012	$	18,120	7	%	3	%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

Reclassified to conform to the current period’s presentation.

Page 4

SEGMENT DETAIL

INCOME

(In millions of dollars)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16
Income from Continuing Operations:

Global Consumer Banking
North America	$	833		$	815		$	780		$	810		$	627		(23	)%	(25	)%
Latin America	146			173			160			154			130			(16	)%	(11	)%
Asia (1)	215			297			310			261			246			(6	)%	14	%
Total	1,194			1,285			1,250			1,225			1,003			(18	)%	(16	)%

Institutional Clients Group
North America	546			1,005			1,067			877			1,100			25	%	NM
EMEA	374			695			649			647			855			32	%	NM
Latin America	330			392			389			343			475			38	%	44	%
Asia	619			523			555			514			581			13	%	(6	)%
Total	1,869			2,615			2,660			2,381			3,011			26	%	61	%

Corporate / Other	445			147			(23		)	(15		)	104			NM		(77	)%

Income From Continuing Operations	3,508			4,047			3,887			3,591			4,118			15	%	17	%

Discontinued Operations	(2		)	(23		)	(30		)	(3		)	(18		)	NM		NM

Net Income Attributable to Noncontrolling Interests	5			26			17			15			10			(33	)%	100	%

Total Citigroup - Net Income	$	3,501		$	3,998		$	3,840		$	3,573		$	4,090		14	%	17	%

Average Assets
North America	$	907		$	926		$	947		$	966		$	958		(1	)%	6	%
EMEA (1)	301			312			316			308			318			3	%	6	%
Latin America	134			134			131			128			128			—		(4	)%
Asia (1)	307			315			325			318			325			2	%	6	%
Corporate / Other	129			120			111			100			102			2	%	(21	)%
Total	$	1,778		$	1,807		$	1,830		$	1,820		$	1,831		1	%	3	%

Return on Average Assets (ROA)
North America	0.61		%	0.79		%	0.77		%	0.70		%	0.73		%
EMEA (1)	0.49		%	0.88		%	0.80		%	0.82		%	1.08		%
Latin America	1.43		%	1.69		%	1.66		%	1.54		%	1.89		%
Asia (1)	1.09		%	1.04		%	1.06		%	0.97		%	1.03		%
Corporate/Other	1.40		%	0.39		%	(0.17		)%	(0.08		)%	0.37		%
Total	0.79		%	0.89		%	0.83		%	0.78		%	0.91		%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 5

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Net Interest Revenue	$	6,352		$	6,308		$	6,709		$	6,656		$	6,522		(2	)%	3	%
Non-Interest Revenue	1,362			1,366			1,455			1,311			1,295			(1	)%	(5	)%
Total Revenues, Net of Interest Expense	7,714			7,674			8,164			7,967			7,817			(2	)%	1	%
Total Operating Expenses	4,401			4,297			4,429			4,356			4,415			1	%	—
Net Credit Losses	1,371			1,374			1,349			1,516			1,603			6	%	17	%
Credit Reserve Build / (Release)	85			23			436			164			177			8	%	NM
Provision for Unfunded Lending Commitments	1			8			(3		)	(3		)	6			NM		NM
Provision for Benefits and Claims	28			20			26			32			29			(9	)%	4	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,485			1,425			1,808			1,709			1,815			6	%	22	%
Income from Continuing Operations before Taxes	1,828			1,952			1,927			1,902			1,587			(17	)%	(13	)%
Income Taxes	634			667			677			677			584			(14	)%	(8	)%
Income from Continuing Operations	1,194			1,285			1,250			1,225			1,003			(18	)%	(16	)%
Noncontrolling Interests	2			1			3			1			1			—		(50	)%
Net Income	$	1,192		$	1,284		$	1,247		$	1,224		$	1,002		(18	)%	(16	)%
EOP Assets (in billions of dollars)	$	384		$	399		$	411		$	412		$	412		—		7	%
Average Assets (in billions of dollars)	$	377		$	387		$	409		$	410		$	411		—		9	%
Return on Average Assets (ROA)	1.27		%	1.33		%	1.21		%	1.19		%	0.99		%
Efficiency Ratio	57		%	56		%	54		%	55		%	56		%

Net Credit Losses as a % of Average Loans	2.04		%	2.02		%	1.87		%	2.10		%	2.24		%

Revenue by Business
Retail Banking	$	3,187		$	3,242		$	3,330		$	3,157		$	3,155		—		(1	)%
Cards (1)	4,527			4,432			4,834			4,810			4,662			(3	)%	3	%
Total	$	7,714		$	7,674		$	8,164		$	7,967		$	7,817		(2	)%	1	%

Net Credit Losses by Business
Retail Banking	$	221		$	243		$	257		$	286		$	236		(17	)%	7	%
Cards (1)	1,150			1,131			1,092			1,230			1,367			11	%	19	%
Total	$	1,371		$	1,374		$	1,349		$	1,516		$	1,603		6	%	17	%

Income from Continuing Operations by Business
Retail Banking	$	298		$	472		$	461		$	335		$	339		1	%	14	%
Cards (1)	896			813			789			890			664			(25	)%	(26	)%
Total	$	1,194		$	1,285		$	1,250		$	1,225		$	1,003		(18	)%	(16	)%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	7,714		$	7,674		$	8,164		$	7,967		$	7,817		(2	)%	1	%
Impact of FX Translation (2)	(103		)	(111		)	(61		)	29			—
Total Revenues - Ex-FX (2)	$	7,611		$	7,563		$	8,103		$	7,996		$	7,817		(2	)%	3	%

Total Operating Expenses - as Reported	$	4,401		$	4,297		$	4,429		$	4,356		$	4,415		1	%	—
Impact of FX Translation (2)	(42		)	(54		)	(33		)	19			—
Total Operating Expenses - Ex-FX (2)	$	4,359		$	4,243		$	4,396		$	4,375		$	4,415		1	%	1	%

Total Provisions for LLR & PBC - as Reported	$	1,485		$	1,425		$	1,808		$	1,709		$	1,815		6	%	22	%
Impact of FX Translation (2)	(30		)	(25		)	(14		)	6			—
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,455		$	1,400		$	1,794		$	1,715		$	1,815		6	%	25	%

Net Income - as Reported	$	1,192		$	1,284		$	1,247		$	1,224		$	1,002		(18	)%	(16	)%
Impact of FX Translation (2)	(25		)	(24		)	(11		)	3			—
Net Income - Ex-FX (2)	$	1,167		$	1,260		$	1,236		$	1,227		$	1,002		(18	)%	(14	)%

(1) Includes both Citi-Branded Cards and Citi Retail Services.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the first quarter of 2017 average exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 6

GLOBAL CONSUMER BANKING

Page 2

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	2,670			2,650			2,648			2,618			2,601			(1	)%	(3	)%
Accounts (in millions)	56.0			56.2			56.2			54.4			53.8			(1	)%	(4	)%
Average Deposits	$	293.9		$	297.4		$	301.2		$	301.1		$	303.5		1	%	3	%
Investment Sales	$	16.4		$	18.8		$	19.5		$	18.6		$	21.7		17	%	32	%
Investment Assets under Management (AUMs)	$	139.8		$	139.9		$	140.9		$	137.5		$	146.7		7	%	5	%
Average Loans	$	139.6		$	141.1		$	142.0		$	138.1		$	138.8		1	%	(1	)%
EOP Loans:
Mortgages	$	82.2		$	81.6		$	81.4		$	79.4		$	81.2		2	%	(1	)%
Commercial Banking	32.2			32.6			33.2			32.0			33.9			6	%	5	%
Personal and Other	27.6			27.2			27.0			24.9			26.3			6	%	(5	)%
EOP Loans	$	142.0		$	141.4		$	141.6		$	136.3		$	141.4		4	%	—

Net Interest Revenue (in millions) (1)	$	2,165		$	2,154		$	2,191		$	2,129		$	2,143		1	%	(1	)%
As a % of Average Loans	6.24		%	6.14		%	6.14		%	6.13		%	6.26		%

Net Credit Losses (in millions)	$	221		$	243		$	257		$	286		$	236		(17	)%	7	%
As a % of Average Loans	0.64		%	0.69		%	0.72		%	0.82		%	0.69		%
Loans 90+ Days Past Due (in millions) (2)	$	498		$	515		$	579		$	474		$	488		3	%	(2	)%
As a % of EOP Loans	0.35		%	0.37		%	0.41		%	0.35		%	0.35		%
Loans 30-89 Days Past Due (in millions) (2)	$	793		$	735		$	722		$	726		$	777		7	%	(2	)%
As a % of EOP Loans	0.56		%	0.52		%	0.51		%	0.54		%	0.55		%

Cards Key Indicators (in millions of dollars, except as otherwise noted) (3)
EOP Open Accounts (in millions)	134.1			143.0			143.0			142.7			142.4			—		6	%
Purchase Sales (in billions)	$	84.6		$	95.7		$	115.3		$	125.1		$	112.2		(10	)%	33	%

Average Loans (in billions) (4)	$	131.3		$	131.9		$	145.5		$	149.3		$	150.8		1	%	15	%
EOP Loans (in billions) (4)	$	130.3		$	143.4		$	147.8		$	155.6		$	149.9		(4	)%	15	%
Average Yield (5)	13.21		%	13.05		%	12.76		%	12.54		%	12.57		%
Net Interest Revenue (6)	$	4,187		$	4,154		$	4,518		$	4,527		$	4,379		(3	)%	5	%
As a % of Average Loans (6)	12.83		%	12.67		%	12.35		%	12.06		%	11.78		%
Net Credit Losses	$	1,150		$	1,131		$	1,092		$	1,230		$	1,367		11	%	19	%
As a % of Average Loans	3.52		%	3.45		%	2.99		%	3.28		%	3.68		%
Net Credit Margin (7)	$	3,368		$	3,292		$	3,734		$	3,572		$	3,288		(8	)%	(2	)%
As a % of Average Loans (7)	10.32		%	10.04		%	10.21		%	9.52		%	8.84		%
Loans 90+ Days Past Due	$	1,524		$	1,450		$	1,587		$	1,819		$	1,753		(4	)%	15	%
As a % of EOP Loans	1.17		%	1.01		%	1.07		%	1.17		%	1.17		%
Loans 30-89 Days Past Due	$	1,567		$	1,583		$	1,831		$	1,814		$	1,739		(4	)%	11	%
As a % of EOP Loans	1.20		%	1.10		%	1.24		%	1.17		%	1.16		%

(1) Also includes net interest revenue related to the international regions’ deposit balances in excess of the average loan portfolio.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 9.

(3) On June 17, 2016, Citi completed the acquisition of the $10.6 billion Costco U.S. co-brand credit card portfolio.

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

(5) Average yield is gross interest revenue earned divided by average loans.

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

(7) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 7

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Net Interest Revenue	$	4,398		$	4,331		$	4,696		$	4,706		$	4,617		(2	)%	5	%
Non-Interest Revenue	432			378			465			353			327			(7	)%	(24	)%
Total Revenues, Net of Interest Expense	4,830			4,709			5,161			5,059			4,944			(2	)%	2	%
Total Operating Expenses	2,500			2,426			2,595			2,537			2,576			2	%	3	%
Net Credit Losses	933			954			927			1,105			1,190			8	%	28	%
Credit Reserve Build / (Release)	79			49			408			117			152			30	%	92	%
Provision for Unfunded Lending Commitments	—			7			—			(1		)	7			NM		NM
Provision for Benefits and Claims	9			8			8			9			6			(33	)%	(33	)%
Provisions for Loan Losses and for Benefits and Claims	1,021			1,018			1,343			1,230			1,355			10	%	33	%
Income from Continuing Operations before Taxes	1,309			1,265			1,223			1,292			1,013			(22	)%	(23	)%
Income Taxes	476			450			443			482			386			(20	)%	(19	)%
Income from Continuing Operations	833			815			780			810			627			(23	)%	(25	)%
Noncontrolling Interests	—			(1		)	—			(1		)	—			100	%	—
Net Income	$	833		$	816		$	780		$	811		$	627		(23	)%	(25	)%
Average Assets (in billions)	$	211		$	218		$	238		$	244		$	245		—		16	%
Return on Average Assets	1.59		%	1.51		%	1.30		%	1.32		%	1.04		%
Efficiency Ratio	52		%	52		%	50		%	50		%	52		%

Net Credit Losses as a % of Average Loans	2.32		%	2.34		%	2.07		%	2.42		%	2.63		%

Revenue by Business
Retail Banking	$	1,290		$	1,313		$	1,356		$	1,263		$	1,256		(1	)%	(3	)%
Citi-Branded Cards	1,860			1,886			2,191			2,213			2,096			(5	)%	13	%
Citi Retail Services	1,680			1,510			1,614			1,583			1,592			1	%	(5	)%
Total	$	4,830		$	4,709		$	5,161		$	5,059		$	4,944		(2	)%	2	%

Net Credit Losses by Business
Retail Banking	$	25		$	45		$	52		$	83		$	37		(55	)%	48	%
Citi-Branded Cards	455			467			448			539			633			17	%	39	%
Citi Retail Services	453			442			427			483			520			8	%	15	%
Total	$	933		$	954		$	927		$	1,105		$	1,190		8	%	28	%

Income from Continuing Operations by Business
Retail Banking	$	89		$	172		$	187		$	85		$	83		(2	)%	(7	)%
Citi-Branded Cards	353			320			322			446			248			(44	)%	(30	)%
Citi Retail Services	391			323			271			279			296			6	%	(24	)%
Total	$	833		$	815		$	780		$	810		$	627		(23	)%	(25	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 8

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	729			729			727			723			705			(2	)%	(3	)%
Accounts (in millions)	10.9			10.8			10.6			10.5			9.6			(9	)%	(12	)%
Average Deposits	$	180.6		$	182.1		$	183.9		$	186.0		$	185.5		—		3	%
Investment Sales	$	4.8		$	5.5		$	5.2		$	5.3		$	6.2		17	%	29	%
Investment AUMs	$	49.4		$	51.4		$	53.1		$	52.8		$	55.1		4	%	12	%

Average Loans	$	52.9		$	54.4		$	55.0		$	55.0		$	55.4		1	%	5	%

EOP Loans:
Mortgages	$	42.9		$	43.9		$	44.0		$	44.2		$	44.3		—		3	%
Commercial Banking	8.6			8.8			8.8			9.0			9.2			2	%	7	%
Personal and Other	2.0			2.1			2.0			2.1			2.0			(5	)%	—
Total EOP Loans	$	53.5		$	54.8		$	54.8		$	55.3		$	55.5		—		4	%

Mortgage Originations (1)	$	5.5		$	6.4		$	6.5		$	5.6		$	3.8		(32	)%	(31	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	155.9		$	151.8		$	147.6		$	143.2		$	48.5		(66	)%	(69	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	97.6		$	90.9		$	141.9		$	102.8		$	63.1		(39	)%	(35	)%

Saleable Mortgage Rate Locks	$	3.0		$	4.0		$	3.9		$	2.6		$	1.9		(27	)%	(37	)%

Net Interest Revenue on Loans (in millions)	$	284		$	276		$	281		$	264		$	251		(5	)%	(12	)%
As a % of Avg. Loans	2.16		%	2.04		%	2.03		%	1.91		%	1.84		%

Net Credit Losses (in millions)	$	25		$	45		$	52		$	83		$	37		(55	)%	48	%
As a % of Avg. Loans	0.19		%	0.33		%	0.38		%	0.60		%	0.27		%

Loans 90+ Days Past Due (in millions) (2)	$	152		$	180		$	256		$	181		$	182		1	%	20	%
As a % of EOP Loans	0.29		%	0.33		%	0.47		%	0.33		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	198		$	192		$	198		$	214		$	189		(12	)%	(5	)%
As a % of EOP Loans	0.38		%	0.36		%	0.37		%	0.39		%	0.35		%

(1) Originations of residential first mortgages.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) were $456 million and ($1.1 billion), $408 million and ($0.9 billion), $305 million and ($0.7 billion), $327 million and ($0.7 billion), and $313 million and ($0.7 billion), as of March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $86 million and ($1.1 billion), $91 million and ($0.9 billion), $58 million and ($0.7 billion), $70 million and ($0.7 billion), and $84 million and ($0.7 billion), as of March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017, respectively.

Reclassified to conform to the current period’s presentation.

Page 9

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1) (2)
EOP Open Accounts (in millions)	23.8			31.8			32.5			32.9			33.2			1	%	39	%
Purchase Sales (in billions)	$	45.9		$	53.1		$	73.1		$	78.5		$	72.5		(8	)%	58	%

Average Loans (in billions) (1)	$	64.7		$	66.7		$	79.2		$	82.1		$	82.6		1	%	28	%

EOP Loans (in billions) (1)	$	64.9		$	77.5		$	81.3		$	86.0		$	82.2		(4	)%	27	%

Average Yield (3)	10.38		%	10.04		%	9.90		%	9.60		%	9.60		%
Net Interest Revenue (4)	$	1,592		$	1,591		$	1,863		$	1,867		$	1,785		(4	)%	12	%
As a % of Avg. Loans (4)	9.90		%	9.59		%	9.36		%	9.05		%	8.76		%
Net Credit Losses	$	455		$	467		$	448		$	539		$	633		17	%	39	%
As a % of Average Loans	2.83		%	2.82		%	2.25		%	2.61		%	3.11		%
Net Credit Margin (5)	$	1,401		$	1,415		$	1,740		$	1,670		$	1,461		(13	)%	4	%
As a % of Avg. Loans (5)	8.71		%	8.53		%	8.74		%	8.09		%	7.17		%
Loans 90+ Days Past Due	$	530		$	510		$	607		$	748		$	698		(7	)%	32	%
As a % of EOP Loans	0.82		%	0.66		%	0.75		%	0.87		%	0.85		%
Loans 30-89 Days Past Due	$	492		$	550		$	710		$	688		$	632		(8	)%	28	%
As a % of EOP Loans	0.76		%	0.71		%	0.87		%	0.80		%	0.77		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	88.1			88.9			88.3			87.7			86.8			(1	)%	(1	)%
Purchase Sales (in billions)	$	16.9		$	20.1		$	19.7		$	23.2		$	16.9		(27	)%	—

Average Loans (in billions) (1)	$	44.0		$	42.7		$	43.6		$	44.9		$	45.3		1	%	3	%

EOP Loans (in billions) (1)	$	42.5		$	43.3		$	43.9		$	47.3		$	44.2		(7	)%	4	%

Average Yield (3)	16.92		%	17.01		%	17.06		%	16.92		%	17.14		%
Net Interest Revenue (4)	$	1,891		$	1,834		$	1,923		$	1,947		$	1,908		(2	)%	1	%
As a % of Avg. Loans (4)	17.29		%	17.27		%	17.55		%	17.25		%	17.08		%
Net Credit Losses	$	453		$	442		$	427		$	483		$	520		8	%	15	%
As a % of Average Loans	4.14		%	4.16		%	3.90		%	4.28		%	4.66		%
Net Credit Margin (5)	$	1,222		$	1,063		$	1,182		$	1,096		$	1,067		(3	)%	(13	)%
As a % of Avg. Loans (5)	11.17		%	10.01		%	10.79		%	9.71		%	9.55		%
Loans 90+ Days Past Due	$	665		$	619		$	664		$	761		$	735		(3	)%	11	%
As a % of EOP Loans	1.56		%	1.43		%	1.51		%	1.61		%	1.66		%
Loans 30-89 Days Past Due	$	688		$	669		$	750		$	777		$	730		(6	)%	6	%
As a % of EOP Loans	1.62		%	1.55		%	1.71		%	1.64		%	1.65		%

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

(2) See footnote 3 on page 7.

(3) Average yield is calculated as gross interest revenue earned divided by average loans.

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

(5) Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 10

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 1

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Net Interest Revenue	$	853		$	861		$	877		$	840		$	800		(5	)%	(6	)%
Non-Interest Revenue	376			375			368			372			351			(6	)%	(7	)%
Total Revenues, Net of Interest Expense	1,229			1,236			1,245			1,212			1,151			(5	)%	(6	)%
Total Operating Expenses	718			725			707			688			659			(4	)%	(8	)%
Net Credit Losses	278			260			254			248			253			2	%	(9	)%
Credit Reserve Build / (Release)	17			(2		)	32			36			12			(67	)%	(29	)%
Provision for Unfunded Lending Commitments	1			1			—			(1		)	—			100	%	(100	)%
Provision for Benefits and Claims	19			12			18			23			23			—		21	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	315			271			304			306			288			(6	)%	(9	)%
Income from Continuing Operations before Taxes	196			240			234			218			204			(6	)%	4	%
Income Taxes	50			67			74			64			74			16	%	48	%
Income from Continuing Operations	146			173			160			154			130			(16	)%	(11	)%
Noncontrolling Interests	1			1			2			1			1			—		—
Net Income	$	145		$	172		$	158		$	153		$	129		(16	)%	(11	)%
Average Assets (in billions of dollars)	$	50		$	50		$	50		$	46		$	43		(7	)%	(14	)%
Return on Average Assets	1.17		%	1.38		%	1.26		%	1.32		%	1.22		%
Efficiency Ratio	58		%	59		%	57		%	57		%	57		%

Net Credit Losses as a % of Average Loans	4.58		%	4.30		%	4.18		%	4.20		%	4.44		%

Revenue by Business
Retail Banking	$	856		$	853		$	881		$	857		$	836		(2	)%	(2	)%
Citi-Branded Cards	373			383			364			355			315			(11	)%	(16	)%
Total	$	1,229		$	1,236		$	1,245		$	1,212		$	1,151		(5	)%	(6	)%

Net Credit Losses by Business
Retail Banking	$	134		$	137		$	132		$	138		$	137		(1	)%	2	%
Citi-Branded Cards	144			123			122			110			116			5	%	(19	)%
Total	$	278		$	260		$	254		$	248		$	253		2	%	(9	)%

Income from Continuing Operations by Business
Retail Banking	$	90		$	96		$	84		$	85		$	86		1	%	(4	)%
Citi-Branded Cards	56			77			76			69			44			(36	)%	(21	)%
Total	$	146		$	173		$	160		$	154		$	130		(16	)%	(11	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,229		$	1,236		$	1,245		$	1,212		$	1,151		(5	)%	(6	)%
Impact of FX Translation (1)	(122		)	(111		)	(49		)	8			—
Total Revenues - Ex-FX (1)	$	1,107		$	1,125		$	1,196		$	1,220		$	1,151		(6	)%	4	%

Total Operating Expenses - as Reported	$	718		$	725		$	707		$	688		$	659		(4	)%	(8	)%
Impact of FX Translation (1)	(57		)	(52		)	(23		)	4			—
Total Operating Expenses - Ex-FX (1)	$	661		$	673		$	684		$	692		$	659		(5	)%	—

Provisions for LLR & PBC - as Reported	$	315		$	271		$	304		$	306		$	288		(6	)%	(9	)%
Impact of FX Translation (1)	(31		)	(25		)	(12		)	3			—
Provisions for LLR & PBC - Ex-FX (1)	$	284		$	246		$	292		$	309		$	288		(7	)%	1	%

Net Income - as Reported	$	145		$	172		$	158		$	153		$	129		(16	)%	(11	)%
Impact of FX Translation (1)	(27		)	(26		)	(10		)	1			—
Net Income - Ex-FX (1)	$	118		$	146		$	148		$	154		$	129		(16	)%	9	%

(1) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the first quarter of 2017 average exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 11

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	1,493			1,491			1,494			1,494			1,499			—		—
Accounts (in millions)	27.9			28.4			28.8			27.4			27.8			1	%	—
Average Deposits	$	26.1		$	25.9		$	25.7		$	25.2		$	25.3		—		(3	)%
Investment Sales	$	5.5		$	5.8		$	5.7		$	6.0		$	6.3		5	%	15	%
Investment AUMs	$	34.3		$	32.4		$	31.0		$	28.9		$	32.5		12	%	(5	)%
Average Loans	$	19.2		$	19.2		$	19.1		$	18.5		$	18.3		(1	)%	(5	)%
EOP Loans:
Mortgages	$	4.6		$	4.2		$	4.1		$	3.9		$	4.4		13	%	(4	)%
Commercial Banking	8.8			8.6			8.6			8.5			9.2			8	%	5	%
Personal and Other	6.4			6.3			6.0			5.6			6.1			9	%	(5	)%
Total EOP Loans	$	19.8		$	19.1		$	18.7		$	18.0		$	19.7		9	%	(1	)%

Net Interest Revenue (in millions) (1)	$	587		$	585		$	612		$	593		$	582		(2	)%	(1	)%
As a % of Average Loans (1)	12.30		%	12.25		%	12.75		%	12.75		%	12.90		%
Net Credit Losses (in millions)	$	134		$	137		$	132		$	138		$	137		(1	)%	2	%
As a % of Average Loans	2.81		%	2.87		%	2.75		%	2.97		%	3.04		%
Loans 90+ Days Past Due (in millions)	$	172		$	157		$	160		$	136		$	141		4	%	(18	)%
As a % of EOP Loans	0.87		%	0.82		%	0.86		%	0.76		%	0.72		%
Loans 30-89 Days Past Due (in millions)	$	256		$	197		$	196		$	185		$	246		33	%	(4	)%
As a % of EOP Loans	1.29		%	1.03		%	1.05		%	1.03		%	1.25		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.6			5.7			5.8			5.8			5.7			(2	)%	2	%
Purchase Sales (in billions)	$	3.7		$	3.8		$	3.8		$	4.0		$	3.6		(10	)%	(3	)%
Average Loans (in billions) (2)	$	5.2		$	5.1		$	5.1		$	5.0		$	4.8		(4	)%	(8	)%
EOP Loans (in billions) (2)	$	5.3		$	5.0		$	4.9		$	4.8		$	5.2		8	%	(2	)%
Average Yield (3)	19.77		%	20.24		%	20.32		%	20.13		%	19.81		%	(2	)%	—

Net Interest Revenue (in millions) (4)	$	266		$	276		$	265		$	247		$	218		(12	)%	(18	)%
As a % of Average Loans (4)	20.57		%	21.77		%	20.67		%	19.65		%	18.42		%
Net Credit Losses (in millions)	$	144		$	123		$	122		$	110		$	116		5	%	(19	)%
As a % of Average Loans	11.14		%	9.70		%	9.52		%	8.75		%	9.80		%
Net Credit Margin (in millions) (5)	$	229		$	260		$	242		$	245		$	199		(19	)%	(13	)%
As a % of Average Loans (5)	17.71		%	20.50		%	18.88		%	19.49		%	16.81		%
Loans 90+ Days Past Due (in millions)	$	149		$	145		$	131		$	130		$	137		5	%	(8	)%
As a % of EOP Loans	2.81		%	2.90		%	2.67		%	2.71		%	2.63		%
Loans 30-89 Days Past Due (in millions)	$	152		$	137		$	131		$	125		$	145		16	%	(5	)%
As a % of EOP Loans	2.87		%	2.74		%	2.67		%	2.60		%	2.79		%

(1) Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

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

(3) Average yield is gross interest revenue earned divided by average loans.

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

(5) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 12

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Net Interest Revenue	$	1,101		$	1,116		$	1,136		$	1,110		$	1,105		—		—
Non-Interest Revenue	554			613			622			586			617			5	%	11	%
Total Revenues, Net of Interest Expense	1,655			1,729			1,758			1,696			1,722			2	%	4	%
Total Operating Expenses	1,183			1,146			1,127			1,131			1,180			4	%	—
Net Credit Losses	160			160			168			163			160			(2	)%	—
Credit Reserve Build / (Release)	(11		)	(24		)	(4		)	11			13			18	%	NM
Provision for Unfunded Lending Commitments	—			—			(3		)	(1		)	(1		)	—		(100	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	149			136			161			173			172			(1	)%	15	%
Income from Continuing Operations before Taxes	323			447			470			392			370			(6	)%	15	%
Income Taxes	108			150			160			131			124			(5	)%	15	%
Income from Continuing Operations	215			297			310			261			246			(6	)%	14	%
Noncontrolling Interests	1			1			1			1			—			(100	)%	(100	)%
Net Income	$	214		$	296		$	309		$	260		$	246		(5	)%	15	%
Average Assets (in billions)	$	116		$	119		$	121		$	120		$	123		3	%	6	%
Return on Average Assets	0.74		%	1.00		%	1.02		%	0.86		%	0.81		%
Efficiency Ratio	71		%	66		%	64		%	67		%	69		%

Net Credit Losses as a % of Average Loans	0.76		%	0.76		%	0.78		%	0.79		%	0.78		%

Revenue by Business
Retail Banking	$	1,041		$	1,076		$	1,093		$	1,037		$	1,063		3	%	2	%
Citi-Branded Cards	614			653			665			659			659			—		7	%
Total	$	1,655		$	1,729		$	1,758		$	1,696		$	1,722		2	%	4	%

Net Credit Losses by Business
Retail Banking	$	62		$	61		$	73		$	65		$	62		(5	)%	—
Citi-Branded Cards	98			99			95			98			98			—		—
Total	$	160		$	160		$	168		$	163		$	160		(2	)%	—

Income from Continuing Operations by Business
Retail Banking	$	119		$	204		$	190		$	165		$	170		3	%	43	%
Citi-Branded Cards	96			93			120			96			76			(21	)%	(21	)%
Total	$	215		$	297		$	310		$	261		$	246		(6	)%	14	%

FX Translation Impact:
Total Revenue - as Reported	$	1,655		$	1,729		$	1,758		$	1,696		$	1,722		2	%	4	%
Impact of FX Translation (2)	19			—			(12		)	21			—
Total Revenues - Ex-FX (2)	$	1,674		$	1,729		$	1,746		$	1,717		$	1,722		—		3	%

Total Operating Expenses - as Reported	$	1,183		$	1,146		$	1,127		$	1,131		$	1,180		4	%	—
Impact of FX Translation (2)	15			(2		)	(10		)	15			—
Total Operating Expenses - Ex-FX (2)	$	1,198		$	1,144		$	1,117		$	1,146		$	1,180		3	%	(2	)%

Provisions for LLR & PBC - as Reported	$	149		$	136		$	161		$	173		$	172		(1	)%	15	%
Impact of FX Translation (2)	1			—			(2		)	3			—
Provisions for LLR & PBC - Ex-FX (2)	$	150		$	136		$	159		$	176		$	172		(2	)%	15	%

Net Income - as Reported	$	214		$	296		$	309		$	260		$	246		(5	)%	15	%
Impact of FX Translation (2)	2			2			(1		)	2			—
Net Income - Ex-FX (2)	$	216		$	298		$	308		$	262		$	246		(6	)%	14	%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the first quarter of 2017 average exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 13

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	448			430			427			401			397			(1	)%	(11	)%
Accounts (in millions)	17.2			17.0			16.8			16.5			16.4			(1	)%	(5	)%
Average Deposits	$	87.2		$	89.4		$	91.6		$	89.9		$	92.7		3	%	6	%
Investment Sales	$	6.1		$	7.5		$	8.6		$	7.3		$	9.2		26	%	51	%
Investment AUMs	$	56.1		$	56.1		$	56.8		$	55.8		$	59.1		6	%	5	%
Average Loans	$	67.5		$	67.5		$	67.9		$	64.6		$	65.1		1	%	(4	)%
EOP Loans:
Mortgages	$	34.7		$	33.5		$	33.3		$	31.3		$	32.5		4	%	(6	)%
Commercial Banking	14.8			15.2			15.8			14.5			15.5			7	%	5	%
Personal and Other	19.2			18.8			19.0			17.2			18.2			6	%	(5	)%
Total EOP Loans	$	68.7		$	67.5		$	68.1		$	63.0		$	66.2		5	%	(4	)%

Net Interest Revenue (in millions) (2)	$	663		$	664		$	669		$	644		$	636		(1	)%	(4	)%
As a % of Average Loans (2)	3.95		%	3.96		%	3.92		%	3.97		%	3.96		%
Net Credit Losses (in millions)	$	62		$	61		$	73		$	65		$	62		(5	)%	—
As a % of Average Loans	0.37		%	0.36		%	0.43		%	0.40		%	0.39		%
Loans 90+ Days Past Due (in millions)	$	174		$	178		$	163		$	157		$	165		5	%	(5	)%
As a % of EOP Loans	0.25		%	0.26		%	0.24		%	0.25		%	0.25		%
Loans 30-89 Days Past Due (in millions)	$	339		$	346		$	328		$	327		$	342		5	%	1	%
As a % of EOP Loans	0.49		%	0.51		%	0.48		%	0.52		%	0.52		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	16.6			16.6			16.4			16.3			16.7			2	%	1	%
Purchase Sales (in billions)	$	18.1		$	18.7		$	18.7		$	19.4		$	19.2		(1	)%	6	%
Average Loans (in billions) (3)	$	17.4		$	17.4		$	17.6		$	17.3		$	18.1		5	%	4	%
EOP Loans (in billions) (3)	$	17.6		$	17.6		$	17.7		$	17.5		$	18.3		5	%	4	%
Average Yield (4)	12.51		%	12.70		%	12.82		%	12.92		%	12.87		%	—		3	%

Net Interest Revenue (in millions) (5)	$	438		$	453		$	467		$	466		$	468		—		7	%
As a % of Average Loans (6)	10.12		%	10.47		%	10.56		%	10.72		%	10.49		%
Net Credit Losses (in millions)	$	98		$	99		$	95		$	98		$	98		—		—
As a % of Average Loans	2.27		%	2.29		%	2.15		%	2.25		%	2.20		%
Net Credit Margin (in millions) (6)	$	516		$	554		$	570		$	561		$	561		—		9	%
As a % of Average Loans (6)	11.93		%	12.81		%	12.88		%	12.90		%	12.57		%
Loans 90+ Days Past Due	$	180		$	176		$	185		$	180		$	183		2	%	2	%
As a % of EOP Loans	1.02		%	1.00		%	1.05		%	1.03		%	1.00		%
Loans 30-89 Days Past Due	$	235		$	227		$	240		$	224		$	232		4	%	(1	)%
As a % of EOP Loans	1.34		%	1.29		%	1.36		%	1.28		%	1.27		%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2) Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

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

(4) Average yield is gross interest revenue earned divided by average loans.

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

(6) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 14

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Commissions and Fees	$	1,004		$	956		$	929		$	969		$	985		2	%	(2	)%
Administration and Other Fiduciary Fees	597			638			610			592			644			9	%	8	%
Investment Banking	740			1,029			917			969			1,044			8	%	41	%
Principal Transactions	1,576			1,912			2,064			1,783			2,668			50	%	69	%
Other	(7		)	46			(125		)	(66		)	(5		)	92	%	29	%
Total Non-Interest Revenue	3,910			4,581			4,395			4,247			5,336			26	%	36	%
Net Interest Revenue (including Dividends)	3,985			4,108			4,064			3,937			3,790			(4	)%	(5	)%
Total Revenues, Net of Interest Expense	7,895			8,689			8,459			8,184			9,126			12	%	16	%
Total Operating Expenses	4,872			4,763			4,687			4,634			4,945			7	%	1	%
Net Credit Losses	211			141			45			119			25			(79	)%	(88	)%
Credit Reserve Build / (Release)	108			(26		)	(93		)	(53		)	(176		)	NM		NM
Provision for Unfunded Lending Commitments	71			(33		)	(42		)	38			(54		)	NM		NM
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims	390			82			(90		)	104			(205		)	NM		NM
Income from Continuing Operations before Taxes	2,633			3,844			3,862			3,446			4,386			27	%	67	%
Income Taxes	764			1,229			1,202			1,065			1,375			29	%	80	%
Income from Continuing Operations	1,869			2,615			2,660			2,381			3,011			26	%	61	%
Noncontrolling Interests	10			17			19			12			15			25	%	50	%
Net Income	$	1,859		$	2,598		$	2,641		$	2,369		$	2,996		26	%	61	%
EOP Assets (in billions)	$	1,293		$	1,303		$	1,303		$	1,277		$	1,314		3	%	2	%
Average Assets (in billions)	$	1,272		$	1,300		$	1,310		$	1,310		$	1,318		1	%	4	%
Return on Average Assets (ROA)	0.59		%	0.80		%	0.80		%	0.72		%	0.92		%
Efficiency Ratio	62		%	55		%	55		%	57		%	54		%

Revenue by Region
North America	$	2,980		$	3,393		$	3,191		$	2,949		$	3,455		17	%	16	%
EMEA	2,167			2,577			2,506			2,605			2,807			8	%	30	%
Latin America	962			1,022			999			994			1,127			13	%	17	%
Asia	1,786			1,697			1,763			1,636			1,737			6	%	(3	)%
Total Revenues, net of Interest Expense	$	7,895		$	8,689		$	8,459		$	8,184		$	9,126		12	%	16	%

Income from Continuing Operations by Region
North America	$	546		$	1,005		$	1,067		$	877		$	1,100		25	%	NM
EMEA	374			695			649			647			855			32	%	NM
Latin America	330			392			389			343			475			38	%	44	%
Asia	619			523			555			514			581			13	%	(6	)%
Income from Continuing Operations	$	1,869		$	2,615		$	2,660		$	2,381		$	3,011		26	%	61	%

Average Loans by Region (in billions)
North America	$	133		$	138		$	140		144			$	140		(3	)%	5	%
EMEA	63			67			68			66			65			(2	)%	3	%
Latin America	39			38			38			37			37			—		(5	)%
Asia	60			61			60			57			60			5	%	—
Total	$	295		$	304		$	306		$	304		$	302		(1	)%	2	%

EOP Deposits by Region (in billions)
North America	$	270		$	275		$	276		$	282		$	287		2	%	7	%
EMEA	166			162			170			164			161			(2	)%	(3	)%
Latin America	28			25			26			26			28			7	%	(2	)%
Asia	145			147			147			140			144			3	%	(1	)%
Total	$	609		$	609		$	619		$	612		$	620		1	%	2	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	417		$	407		$	417		$	412		$	417		1	%	—
All Other ICG Businesses	192			202			202			200			203			2	%	6	%
Total	$	609		$	609		$	619		$	612		$	620		1	%	2	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 15

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Revenue Details:
Investment Banking:
Advisory	$	227		$	238		$	239		$	296		$	246		(17	)%	8	%
Equity Underwriting	118			174			146			190			235			24	%	99	%
Debt Underwriting	528			803			698			645			733			14	%	39	%
Total Investment Banking	873			1,215			1,083			1,131			1,214			7	%	39	%
Treasury and Trade Solutions	1,903			1,999			1,986			2,009			2,075			3	%	9	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	448			383			439			448			434			(3	)%	(3	)%
Private Bank	684			674			680			671			744			11	%	9	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	3,908		$	4,271		$	4,188		$	4,259		$	4,467		5	%	14	%

Corporate Lending - Gain/(Loss) on Loan Hedges (1)	(66		)	(203		)	(218		)	(107		)	(115		)	(7	)%	(74	)%
Total Banking Revenues including G(L) on Loan Hedges (1)	$	3,842		$	4,068		$	3,970		$	4,152		$	4,352		5	%	13	%

Fixed Income Markets	$	3,051		$	3,432		$	3,413		$	2,957		$	3,622		22	%	19	%
Equity Markets	697			776			654			685			769			12	%	10	%
Securities Services	561			529			533			529			543			3	%	(3	)%
Other	(256		)	(116		)	(111		)	(139		)	(160		)	(15	)%	38	%
Total Markets and Securities Services	$	4,053		$	4,621		$	4,489		$	4,032		$	4,774		18	%	18	%
Total Revenues, net of Interest Expense	$	7,895		$	8,689		$	8,459		$	8,184		$	9,126		12	%	16	%

Taxable-equivalent adjustments (2)	$	166		$	144		$	162		$	169		$	189		12	%	14	%

Total ICG Revenues including taxable-equivalent adjustments (2)	$	8,061		$	8,833		$	8,621		$	8,353		$	9,315		12	%	16	%

Commissions and Fees	$	124		$	113		$	115		$	122		$	140		15	%	13	%
Principal Transctions (3)	1,344			1,765			1,825			1,604			2,318			45	%	72	%
Other	216			213			171			(9		)	149			NM		(31	)%
Total Non-Interest Revenue	$	1,684		$	2,091		$	2,111		$	1,717		$	2,607		52	%	55	%
Net Interest Revenue	1,367			1,341			1,302			1,240			1,015			(18	)%	(26	)%
Total Fixed Income Markets	$	3,051		$	3,432		$	3,413		$	2,957		$	3,622		22	%	19	%

Rates and Currencies	$	2,236		$	2,461		$	2,362		$	2,230		$	2,503		12	%	12	%
Spread Products / Other Fixed Income	815			971			1,051			727			1,119			54	%	37	%
Total Fixed Income Markets	$	3,051		$	3,432		$	3,413		$	2,957		$	3,622		22	%	19	%

Commissions and Fees	$	357		$	319		$	302		$	322		$	316		(2	)%	(11	)%
Principal Transctions (3)	51			(48		)	45			86			166			93	%	NM
Other	2			127			4			6			8			33	%	NM
Total Non-Interest Revenue	$	410		$	398		$	351		$	414		$	490		18	%	20	%
Net Interest Revenue	287			378			303			271			279			3	%	(3	)%
Total Equity Markets	$	697		$	776		$	654		$	685		$	769		12	%	10	%

(1) 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 core lending revenues. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2) Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

(3) Excludes principal transactions revenues of ICG businesses other than Markets, primarily treasury and trade solutions and the private bank.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 16

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Net Interest Revenue	$	890		$	820		$	706		$	569		$	545		(4	)%	(39	)%
Non-interest revenue	1,056			365			431			292			632			NM		(40	)%
Total Revenues, Net of Interest Expense	1,946			1,185			1,137			861			1,177			37	%	(40	)%
Total Operating Expenses	1,250			1,309			1,288			1,130			1,117			(1	)%	(11	)%
Net Credit Losses	142			101			131			61			81			33	%	(43	)%
Credit Reserve Build / (Release)	(31		)	(223		)	(122		)	(80		)	(35		)	56	%	(13	)%
Provision for Benefits and Claims	60			29			9			—			1			100	%	(98	)%
Provision for Unfunded Lending Commitments	(1		)	(5		)	—			(2		)	5			NM		NM
Total provisions for credit losses and for benefits and claims (2)	170			(98		)	18			(21		)	52			NM		(69	)%
Income from Continuing Operations before Taxes	526			(26		)	(169		)	(248		)	8			NM		(98	)%
Income Taxes (Benefits)	81			(173		)	(146		)	(233		)	(96		)	59	%	NM
Income (Loss) from Continuing Operations	445			147			(23		)	(15		)	104			NM		(77	)%
Income (Loss) from Discontinued Operations, net of taxes	(2		)	(23		)	(30		)	(3		)	(18		)	NM		NM
Noncontrolling Interests	(7		)	8			(5		)	2			(6		)	NM		14	%
Net Income (Loss)	$	450		$	116		$	(48	)	$	(20	)	$	92		NM		(80	)%
EOP Assets (in billions of dollars)	$	124		$	117		$	104		$	103		$	96		(7	)%	(23	)%
Average Assets (in billions of dollars)	$	129		$	120		$	111		$	100		$	102		2	%	(21	)%
Return on Average Assets	1.40		%	0.39		%	(0.17		)%	(0.08		)%	0.37		%
Efficiency Ratio	64		%	110		%	113		%	131		%	95		%

Corporate/Other Consumer Key Indicators:

Consumer - International (2)

Branches (actual)	246			223			224			61			50			(18	)%	(80	)%
Average Loans (in billions)	$	6.7		$	6.1		$	5.4		$	2.4		$	2.1		(13	)%	(69	)%
EOP Loans (in billions)	$	6.4		$	5.5		$	5.5		$	2.4		$	2.1		(13	)%	(67	)%
Net Interest Revenue	$	269		$	259		$	246		$	94		$	76		(19	)%	(72	)%
As a % of Average Loans	16.15		%	17.08		%	18.12		%	15.58		%	14.68		%
Net Credit Losses	$	78		$	77		$	82		$	32		$	26		(19	)%	(67	)%
As a % of Average Loans	4.68		%	5.08		%	6.04		%	5.30		%	5.02		%
Loans 90+ Days Past Due	$	145		$	170		$	164		$	94		$	77		(18	)%	(47	)%
As a % of EOP Loans	2.27		%	3.09		%	2.98		%	3.92		%	3.67		%
Loans 30-89 Days Past Due	$	161		$	138		$	135		$	49		$	60		22	%	(63	)%
As a % of EOP Loans	2.52		%	2.51		%	2.45		%	2.04		%	2.86		%

Consumer - North America

Branches (actual)	266			261			259			251			27			(89	)%	(90	)%
Average Loans (in billions of dollars)	$	39.4		$	37.2		$	35.4		$	32.0		$	29.6		(8	)%	(25	)%
EOP Loans (in billions of dollars)	$	38.6		$	35.7		$	33.4		$	30.8		$	27.2		(12	)%	(30	)%
Net Interest Revenue	$	339		$	296		$	231		$	198		$	204		3	%	(40	)%
As a % of Average Loans	3.46		%	3.20		%	2.60		%	2.46		%	2.80		%
Net Credit Losses	$	65		$	24		$	52		$	28		$	43		54	%	(34	)%
As a % of Average Loans	0.66		%	0.26		%	0.58		%	0.35		%	0.59		%
Loans 90+ Days Past Due (3)	$	751		$	708		$	693		$	740		$	607		(18	)%	(19	)%
As a % of EOP Loans	2.05		%	2.09		%	2.17		%	2.52		%	2.35		%
Loans 30-89 Days Past Due (3)	$	768		$	720		$	714		$	686		$	555		(19	)%	(28	)%
As a % of EOP Loans	2.09		%	2.12		%	2.24		%	2.33		%	2.15		%

(1) Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, certain North America and international consumer loan portfolios, Discontinued operations and other legacy assets.

(2) As a result of Citigroup’s entry into agreements in October 2016 to sell its Brazil and Argentina consumer banking businesses, these businesses were classified as HFS at the end of the fourth quarter 2016. As a result of HFS accounting treatment, approximately $35 million and $ 44 million of cost of credit was recorded as a reduction in revenue (Other revenue) during the fourth quarter of 2016 and first quarter of 2017, respectively. Additionally, the HFS treatment resulted in the reclassification of loans of these businesses to Other assets, where applicable.

(3) See footnote 2 on page 18.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 17

CORPORATE / OTHER

CONSUMER KEY INDICATORS - Continued

(In millions of dollars, except as otherwise noted)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

North America Mortgages

Residential First	$	18.1		$	16.5		$	15.5		$	13.9		$	12.3		(12	)%	(32	)%
Home Equity	18.6			18.0			16.7			15.6			14.7			(6	)%	(21	)%
Average Loans (in billions of dollars)	$	36.7		$	34.5		$	32.2		$	29.5		$	27.0		(8	)%	(26	)%

Residential First	$	17.6		$	15.8		$	14.8		$	13.4		$	12.3		(8	)%	(30	)%
Home Equity	18.3			17.3			16.1			15.0			13.4			(11	)%	(27	)%
EOP Loans (in billions of dollars)	$	35.9		$	33.1		$	30.9		$	28.4		$	25.7		(10	)%	(28	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	29.3		$	28.5		$	18.6		$	18.0		$	15.9		(12	)%	(46	)%
Net Servicing & Gain/(Loss) on Sale (1)	$	118.4		$	19.4		$	17.0		$	17.9		$	(265.4	)	NM		NM
Net Interest Revenue	$	258		$	178		$	150		$	114		$	103		(10	)%	(60	)%
As a % of Avg. Loans	2.83		%	2.08		%	1.85		%	1.54		%	1.55		%

Residential First	$	1		$	(12	)	$	7		$	(23	)	$	7		NM		NM
Home Equity	42			13			23			25			10			(60	)%	(76	)%
Net Credit Losses (NCLs)	$	43		$	1		$	30		$	2		$	17		NM		(60	)%
As a % of Avg. Loans	0.47		%	0.01		%	0.37		%	0.03		%	0.26		%

Residential First	$	314		$	267		$	245		$	290		$	212		(27	)%	(32	)%
Home Equity	409			414			418			420			385			(8	)%	(6	)%
Loans 90+ Days Past Due (2) (3)	$	723		$	681		$	663		$	710		$	597		(16	)%	(17	)%
As a % of EOP Loans	2.13		%	2.18		%	2.26		%	2.63		%	2.46		%

Residential First	$	454		$	433		$	426		$	395		$	314		(21	)%	(31	)%
Home Equity	274			241			244			234			214			(9	)%	(22	)%
Loans 30-89 Days Past Due (2) (3)	$	728		$	674		$	670		$	629		$	528		(16	)%	(27	)%
As a % of EOP Loans	2.14		%	2.15		%	2.28		%	2.33		%	2.17		%

(1) The first quarter of 2017 includes the loss related to Citi’s announced exit of it’s U.S. mortgage servicing operations.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $1.3 billion and ($1.9 billion), $1.2 billion and ($1.8 billion), $1.0 billion and ($1.5 billion), $0.9 billion and (1.4 billion), and $0.8 billion and ($1.4 billion), as of March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.2 billion and ($1.9 billion), $0.2 billion and ($1.8 billion), $0.1 billion and ($1.5 billion), $0.2 billion and ($1.4 billion), and $0.1 billion and (1.4 billion), as of March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017, respectively.

(3) The March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $9 million, $9 million, $9 million, $7 million and $7 million, respectively, of loans that are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 18

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)(5)

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	First		Fourth		First		First		Fourth		First		First		Fourth		First
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2016		2016		2017		2016		2016		2017		2016		2016		2017
Assets:
Deposits with Banks	$	117,765	$	143,119	$	154,765	$	219	$	268	$	295	0.75	%	0.74	%	0.77	%
Fed Funds Sold and Resale Agreements (6)	228,615		235,364		247,035		647		596		661		1.14	%	1.01	%	1.09	%
Trading Account Assets (7)	195,605		194,782		195,851		1,471		1,371		1,307		3.02	%	2.80	%	2.71	%
Investments	352,143		345,552		347,355		1,923		1,963		2,019		2.20	%	2.26	%	2.36	%
Total Loans (net of Unearned Income) (8)	612,240		626,028		623,338		9,774		10,033		9,970		6.42	%	6.38	%	6.49	%
Other Interest-Earning Assets	56,260		62,602		56,733		252		320		294		1.80	%	2.03	%	2.10	%
Total Average Interest-Earning Assets	$	1,562,628	$	1,607,447	$	1,625,077	$	14,286	$	14,551	$	14,546	3.68	%	3.60	%	3.63	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	701,703	$	718,871	$	731,037	$	969	$	1,041	$	1,110	0.56	%	0.58	%	0.62	%
Deposit Insurance and FDIC Assessment	—		—		—		235		306		305
Total Deposits	701,703		718,871		731,037		1,204		1,347		1,415		0.69	%	0.75	%	0.78	%
Fed Funds Purchased and Repurchase Agreements (6)	162,915		150,137		148,886		502		424		493		1.24	%	1.12	%	1.34	%
Trading Account Liabilities (7)	65,312		81,670		91,882		88		124		147		0.54	%	0.60	%	0.65	%
Short-Term Borrowings	79,476		94,935		95,613		100		177		199		0.51	%	0.74	%	0.84	%
Long-Term Debt (9)	179,283		183,637		183,969		1,046		1,205		1,312		2.35	%	2.61	%	2.89	%
Total Average Interest-Bearing Liabilities	$	1,188,689	$	1,229,250	$	1,251,387	$	2,940	$	3,277	$	3,566	0.99	%	1.06	%	1.16	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,188,689	$	1,229,250	$	1,251,387	$	2,705	$	2,971	$	3,261	0.92	%	0.96	%	1.06	%


Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,346	$	11,274	$	10,980	2.92	%	2.79	%	2.74	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,581	$	11,580	$	11,285	2.98	%	2.87	%	2.82	%

1Q17 Increase (Decrease) From													(18	)bps	(5	)bps

1Q17 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(16	)bps	(5	)bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $119 million for the first quarter of 2016, $112 million for the fourth quarter of 2016 and $123 million for the first quarter of 2017.

(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 % is calculated as annualized interest over average volumes.

(5) Preliminary.

(6) 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).

(7) Interest expense on trading account liabilities of ICG 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.

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

(9) Excludes hybrid financial instruments with changes recorded in Principal Transactions.

Reclassified to conform to the current period’s presentation.

Page 19

DEPOSITS

(In billions of dollars)

														1Q17 Increase/
	1Q			2Q			3Q			4Q		1Q		(Decrease) from
	2016			2016			2016			2016		2017		4Q16		1Q16

Global Consumer Banking
North America	$	183.7		$	183.3		$	185.6		$	185.0	$	188.4	2	%	3	%
Latin America	26.7			26.4			25.8			24.9		27.6		11	%	3	%
Asia (1)	90.7			90.5			93.6			89.9		95.4		6	%	5	%
Total	$	301.1		$	300.2		$	305.0		$	299.8	$	311.4	4	%	3	%

ICG
North America	$	269.3		$	274.5		$	276.1		$	282.6	$	287.0	2	%	7	%
EMEA	166.0			162.4			170.0			163.5		160.6		(2	)%	(3	)%
Latin America	28.2			25.2			26.1			25.7		27.5		7	%	(2	)%
Asia	145.2			146.5			146.6			140.0		144.4		3	%	(1	)%
Total	$	608.7		$	608.6		$	618.8		$	611.8	$	619.5	1	%	2	%

Corporate/Other	$	24.8		$	29.1		$	16.5		$	17.8	$	19.1	7	%	(23	)%

Total Deposits - EOP	$	934.6		$	937.9		$	940.3		$	929.4	$	950.0	2	%	2	%

Total Deposits - Average	$	911.7		$	935.6		$	944.2		$	935.1	$	940.9	1	%	3	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	934.6		$	937.9		$	940.3		$	929.4	$	950.0	2	%	2	%
Impact of FX Translation (2)	(10.9		)	(5.6		)	(5.8		)	10.3		—
Total EOP Deposits - Ex-FX (2)	$	923.7		$	932.3		$	934.5		$	939.7	$	950.0	1	%	3	%

(1) Asia GCB includes deposits of certain EMEA countries for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the fourth quarter of 2017 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 20

EOP LOANS

(In billions of dollars)

														1Q17 Increase/
	1Q			2Q			3Q			4Q		1Q		(Decrease) from
	2016			2016			2016			2016		2017		4Q16		1Q16

Global Consumer Banking

North America
Credit Cards	$	107.4		$	120.8		$	125.2		$	133.3	$	126.4	(5	)%	18	%
Retail Banking	53.5			54.8			54.8			55.3		55.5		—		4	%
Total	$	160.9		$	175.6		$	180.0		$	188.6	$	181.9	(4	)%	13	%

Latin America
Credit Cards	$	5.3		$	5.0		$	4.9		$	4.8	$	5.2	8	%	(2	)%
Retail Banking	19.8			19.1			18.7			18.0		19.7		9	%	(1	)%
Total	$	25.1		$	24.1		$	23.6		$	22.8	$	24.9	9	%	(1	)%

Asia (1)
Credit Cards	$	17.6		$	17.6		$	17.7		$	17.5	$	18.3	5	%	4	%
Retail Banking	68.7			67.5			68.1			63.0		66.2		5	%	(4	)%
Total	$	86.3		$	85.1		$	85.8		$	80.5	$	84.5	5	%	(2	)%

Total GCB Consumer Loans
Credit Cards	$	130.3		$	143.4		$	147.8		$	155.6	$	149.9	(4	)%	15	%
Retail Banking	142.0			141.4			141.6			136.3		141.4		4	%	—
Total GCB	$	272.3		$	284.8		$	289.4		$	291.9	$	291.3	—		7	%

Corporate/Other - Consumer:

North America
Mortgages	35.9			33.1			30.9			28.4		25.7		(10	)%	(28	)%
Other	2.7			2.6			2.5			2.4		1.5		(38	)%	(44	)%
Total	$	38.6		$	35.7		$	33.4		$	30.8	$	27.2	(12	)%	(30	)%

International	$	6.4		$	5.5		$	5.5		$	2.4	$	2.1	(13	)%	(67	)%

Corporate/Other - Other Consumer	0.3			0.1			0.1			—		—		—		(100	)%

Total Corporate/Other - Consumer	$	45.3		$	41.3		$	39.0		$	33.2	$	29.3	(12	)%	(35	)%

Total Consumer Loans	$	317.6		$	326.1		$	328.4		$	325.1	$	320.6	(1	)%	1	%

Total Corporate Loans
North America	$	135.7		$	139.3		$	144.3		$	142.3	$	142.2	—		5	%
EMEA	65.2			69.0			67.9			62.5		66.2		6	%	2	%
Latin America	38.7			38.0			37.7			36.9		38.1		3	%	(2	)%
Asia	61.7			61.1			60.2			57.6		61.5		7	%	—
Total Corporate Loans	$	301.3		$	307.4		$	310.1		$	299.3	$	308.0	3	%	2	%

Total Loans	$	618.8		$	633.5		$	638.4		$	624.4	$	628.6	1	%	2	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	618.8		$	633.5		$	638.4		$	624.4	$	628.6	1	%	2	%
Impact of FX Translation (2)	(4.9		)	(1.5		)	(1.5		)	7.6		—
Total EOP Loans - Ex-FX (2)	$	613.9		$	632.0		$	636.9		$	632.0	$	628.6	(1	)%	2	%

Note: Certain small balance consumer loans included in the above lines are classified as corporate loans on the Consolidated Balance Sheet.

(1) Asia GCB includes loans of certain EMEA countries for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the fourth quarter of 2017 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 21

SUPPLEMENTAL DETAIL

CONSUMER LOANS 90+ DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 90+ Days Past Due (1)															EOP Loans
	1Q			2Q			3Q			4Q			1Q			1Q
	2016			2016			2016			2016			2017			2017

GCB (2)
Total	$	2,022		$	1,965		$	2,166		$	2,293		$	2,241		$	291.3
*Ratio*	0.75		%	0.69		%	0.75		%	0.79		%	0.77		%

Retail Bank (2)
Total	$	498		$	515		$	579		$	474		$	488		$	141.4
Ratio	0.35		%	0.37		%	0.41		%	0.35		%	0.35		%
North America (2)	$	152		$	180		$	256		$	181		$	182		$	55.5
Ratio	0.29		%	0.33		%	0.47		%	0.33		%	0.33		%
Latin America	$	172		$	157		$	160		$	136		$	141		$	19.7
Ratio	0.87		%	0.82		%	0.86		%	0.76		%	0.72		%
Asia (3)	$	174		$	178		$	163		$	157		$	165		$	66.2
Ratio	0.25		%	0.26		%	0.24		%	0.25		%	0.25		%

Cards
Total	$	1,524		$	1,450		$	1,587		$	1,819		$	1,753		$	149.9
Ratio	1.17		%	1.01		%	1.07		%	1.17		%	1.17		%
North America - Citi-Branded	$	530		$	510		$	607		$	748		$	698		$	82.2
Ratio	0.82		%	0.66		%	0.75		%	0.87		%	0.85		%
North America - Retail Services	$	665		$	619		$	664		$	761		$	735		$	44.2
Ratio	1.56		%	1.43		%	1.51		%	1.61		%	1.66		%
Latin America	$	149		$	145		$	131		$	130		$	137		$	5.2
Ratio	2.81		%	2.90		%	2.67		%	2.71		%	2.63		%
Asia (3)	$	180		$	176		$	185		$	180		$	183		$	18.3
Ratio	1.02		%	1.00		%	1.05		%	1.03		%	1.00		%

Corporate/Other - Consumer (2) (4) (5)	$	896		$	878		$	857		$	834		$	684		$	29.3
*Ratio*	2.08		%	2.23		%	2.29		%	2.62		%	2.45		%
International	$	145		$	170		$	164		$	94		$	77		$	2.1
Ratio	2.27		%	3.09		%	2.98		%	3.92		%	3.67		%
North America (2) (4) (5)	$	751		$	708		$	693		$	740		$	607		$	27.2
Ratio	2.05		%	2.09		%	2.17		%	2.52		%	2.35		%

Total Citigroup (2) (4) (5)	$	2,918		$	2,843		$	3,023		$	3,127		$	2,925		$	320.6
Ratio	0.93		%	0.88		%	0.93		%	0.97		%	0.92		%

(1) The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 90+ Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 18.

(3) Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4) The March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $9 million, $9 million, $9 million, $7 million and $7 million, respectively, of loans that are carried at fair value.

(5) See footnote 2 on page 18.

Reclassified to conform to the current period’s presentation.

Page 22

SUPPLEMENTAL DETAIL

CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 30-89 Days Past Due (1)															EOP Loans
	1Q			2Q			3Q			4Q			1Q			1Q
	2016			2016			2016			2016			2017			2017

GCB (2)
Total	$	2,360		$	2,318		$	2,553		$	2,540		$	2,516		$	291.3
*Ratio*	0.87		%	0.82		%	0.88		%	0.87		%	0.87		%

Retail Bank (2)
Total	$	793		$	735		$	722		$	726		$	777		$	141.4
Ratio	0.56		%	0.52		%	0.51		%	0.54		%	0.55		%
North America (2)	$	198		$	192		$	198		$	214		$	189		$	55.5
Ratio	0.38		%	0.36		%	0.37		%	0.39		%	0.35		%
Latin America	$	256		$	197		$	196		$	185		$	246		$	19.7
Ratio	1.29		%	1.03		%	1.05		%	1.03		%	1.25		%
Asia (3)	$	339		$	346		$	328		$	327		$	342		$	66.2
Ratio	0.49		%	0.51		%	0.48		%	0.52		%	0.52		%

Cards
Total	$	1,567		$	1,583		$	1,831		$	1,814		$	1,739		$	149.9
Ratio	1.20		%	1.10		%	1.24		%	1.17		%	1.16		%
North America - Citi-Branded	$	492		$	550		$	710		$	688		$	632		$	82.2
Ratio	0.76		%	0.71		%	0.87		%	0.80		%	0.77		%
North America - Retail Services	$	688		$	669		$	750		$	777		$	730		$	44.2
Ratio	1.62		%	1.55		%	1.71		%	1.64		%	1.65		%
Latin America	$	152		$	137		$	131		$	125		$	145		$	5.2
Ratio	2.87		%	2.74		%	2.67		%	2.60		%	2.79		%
Asia (3)	$	235		$	227		$	240		$	224		$	232		$	18.3
Ratio	1.34		%	1.29		%	1.36		%	1.28		%	1.27		%

Corporate/Other - Consumer (2) (4) (5)	$	929		$	858		$	849		$	735		$	615		$	29.3
*Ratio*	2.16		%	2.18		%	2.27		%	2.31		%	2.20		%
International	$	161		$	138		$	135		$	49		$	60		$	2.1
Ratio	2.52		%	2.51		%	2.45		%	2.04		%	2.86		%
North America (2) (4) (5)	$	768		$	720		$	714		$	686		$	555		$	27.2
Ratio	2.09		%	2.12		%	2.24		%	2.33		%	2.15		%

Total Citigroup (2) (4) (5)	$	3,289		$	3,176		$	3,402		$	3,275		$	3,131		$	320.6
Ratio	1.05		%	0.98		%	1.04		%	1.01		%	0.98		%

(1) The ratio of 30-89 Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 30-89 Days Past Due and related ratios for North America Retail Banking and Corporate/Othr North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 18.

(3) Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(5) See footnote 2 on page 18.

Reclassified to conform to the current period’s presentation.

Page 23

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

(In millions of dollars)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,626		$	12,712		$	12,304		$	12,439		$	12,060

Gross Credit (Losses)	(2,143		)	(2,048		)	(1,948		)	(2,083		)	(2,144		)	(3	)%	—
Gross Recoveries	419			432			423			387			435			12	%	4	%
Net Credit (Losses) / Recoveries (NCLs)	(1,724		)	(1,616		)	(1,525		)	(1,696		)	(1,709		)	(1	)%	1	%
NCLs	1,724			1,616			1,525			1,696			1,709			1	%	(1	)%
Net Reserve Builds / (Releases)	42			(90		)	258			130			(20		)	NM		NM
Net Specific Reserve Builds / (Releases)	120			(136		)	(37		)	(99		)	(14		)	86	%	NM
Provision for Loan Losses	1,886			1,390			1,746			1,727			1,675			(3	)%	(11	)%
Other (2) (3) (4) (5) (6) (7)	(76		)	(182		)	(86		)	(410		)	4			101	%	NM
Allowance for Loan Losses at End of Period (1) (a)	$	12,712		$	12,304		$	12,439		$	12,060		$	12,030

Allowance for Unfunded Lending Commitments (8) (a)	$	1,473		$	1,432		$	1,388		$	1,418		$	1,377

Provision for Unfunded Lending Commitments	$	71		$	(30	)	$	(45	)	$	33		$	(43	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	14,185		$	13,736		$	13,827		$	13,478		$	13,407

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	2.07		%	1.96		%	1.97		%	1.94		%	1.93		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,835		$	9,807		$	9,432		$	9,673		$	9,358

Net Credit Losses (NCLs)	(1,514		)	(1,475		)	(1,483		)	(1,576		)	(1,672		)	(6	)%	(10	)%
NCLs	1,514			1,475			1,483			1,576			1,672			6	%	10	%
Net Reserve Builds / (Releases)	38			(74		)	368			93			146			57	%	NM
Net Specific Reserve Builds / (Releases)	19			(125		)	(36		)	(10		)	(2		)	80	%	NM
Provision for Loan Losses	1,571			1,276			1,815			1,659			1,816			9	%	16	%
Other (2) (3) (4) (5) (6) (7)	(85		)	(176		)	(91		)	(398		)	(7		)	98	%	92	%
Allowance for Loan Losses at End of Period (1) (a)	$	9,807		$	9,432		$	9,673		$	9,358		$	9,495

Consumer Allowance for Unfunded Lending Commitments (8) (a)	$	37		$	42		$	39		$	35		$	41

Provision for Unfunded Lending Commitments	$	1		$	4		$	(4	)	$	(3	)	$	6

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	9,844		$	9,474		$	9,712		$	9,393		$	9,536

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	3.09		%	2.89		%	2.95		%	2.88		%	2.96		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,791		$	2,905		$	2,872		$	2,766		$	2,702

Net Credit (Losses) / Recoveries (NCL’s)	(210		)	(141		)	(42		)	(120		)	(37		)	69	%	82	%
NCLs	210			141			42			120			37			(69	)%	(82	)%
Net Reserve Builds / (Releases)	4			(16		)	(110		)	37			(166		)	NM		NM
Net Specific Reserve Builds / (Releases)	101			(11		)	(1		)	(89		)	(12		)	87	%	NM
Provision for Loan Losses	315			114			(69		)	68			(141		)	NM		NM
Other (2)	9			(6		)	5			(12		)	11
Allowance for Loan Losses at End of Period (1) (b)	$	2,905		$	2,872		$	2,766		$	2,702		$	2,535

Corporate Allowance for Unfunded Lending Commitments (8) (b)	$	1,436		$	1,390		$	1,349		$	1,383		$	1,336

Provision for Unfunded Lending Commitments	$	70		$	(34	)	$	(41	)	$	36		$	(49	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	4,341		$	4,262		$	4,115		$	4,085		$	3,871

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.98		%	0.95		%	0.90		%	0.91		%	0.83		%

Footnotes to these tables are on the following page (page 25).

Page 24

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

The following footnotes relate to the tables on the prior page (page 24).

(1) Allowance for credit losses represents management’s estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(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) The first quarter of 2016 includes a reduction of approximately $148 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $29 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $63 million related to FX translation.

(4) The second quarter of 2016 includes a reduction of approximately $101 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $24 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes a reduction of approximately $75 million related to FX translation.

(5) The third quarter of 2016 includes a reduction of approximately $58 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $50 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $46 million related to FX translation.

(6) The fourth quarter of 2016 includes a reduction of approximately $267 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $3 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $141 million related to FX translation.

(7) The first quarter of 2017 includes a reduction of approximately $161 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $37 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $164 million related to FX translation.

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

(9) March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017 exclude $33 million, $32 million, $31 million, $29 million and $28 million, respectively, of consumer loans which are carried at fair value.

(10) March 31, 2016, June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017 exclude $4.8 billion, $4.1 billion, $3.9 billion, $3.5 billion and $4.0 billion, respectively, of corporate loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 25

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16

Global Consumer Banking
Net Credit Losses	1,371			1,374			1,349			1,516			1,603			6	%	17	%
Credit Reserve Build / (Release)	85			23			436			164			177			8	%	NM
North America
Net Credit Losses	933			954			927			1,105			1,190			8	%	28	%
Credit Reserve Build / (Release)	79			49			408			117			152			30	%	92	%
Retail Banking
Net Credit Losses	25			45			52			83			37			(55	)%	48	%
Credit Reserve Build / (Release)	63			(12		)	(40		)	(22		)	7			NM		(89	)%
Citi-Branded Cards
Net Credit Losses	455			467			448			539			633			17	%	39	%
Credit Reserve Build / (Release)	(15		)	58			263			78			92			18	%	NM
Citi Retail Services
Net Credit Losses	453			442			427			483			520			8	%	15	%
Credit Reserve Build / (Release)	31			3			185			61			53			(13	)%	71	%
Latin America
Net Credit Losses	278			260			254			248			253			2	%	(9	)%
Credit Reserve Build / (Release)	17			(2		)	32			36			12			(67	)%	(29	)%
Retail Banking
Net Credit Losses	134			137			132			138			137			(1	)%	2	%
Credit Reserve Build / (Release)	16			(3		)	47			31			14			(55	)%	(13	)%
Citi-Branded Cards
Net Credit Losses	144			123			122			110			116			5	%	(19	)%
Credit Reserve Build / (Release)	1			1			(15		)	5			(2		)	NM		NM
Asia (1)
Net Credit Losses	160			160			168			163			160			(2	)%	—
Credit Reserve Build / (Release)	(11		)	(24		)	(4		)	11			13			18	%	NM
Retail Banking
Net Credit Losses	62			61			73			65			62			(5	)%	—
Credit Reserve Build / (Release)	3			(21		)	—			12			(6		)	NM		NM
Citi-Branded Cards
Net Credit Losses	98			99			95			98			98			—		—
Credit Reserve Build / (Release)	(14		)	(3		)	(4		)	(1		)	19			NM		NM

Institutional Clients Group (ICG)
Net Credit Losses	211			141			45			119			25			(79	)%	(88	)%
Credit Reserve Build / (Release)	108			(26		)	(93		)	(53		)	(176		)	NM		NM

Corporate / Other
Net Credit Losses	142			101			131			61			81			33	%	(43	)%
Credit Reserve Build / (Release)	(31		)	(223		)	(122		)	(80		)	(35		)	56	%	(13	)%

Total Provision for Loan Losses	$	1,886		$	1,390		$	1,746		$	1,727		$	1,675		(3	)%	(11	)%

(1) Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 26

NON-ACCRUAL ASSETS

(In millions of dollars)

																1Q17 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2016			2016			2016			2016			2017			4Q16		1Q16
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	1,331		$	1,280		$	1,057		$	984		$	993		1	%	(25	)%
EMEA	469			762			857			904			828			(8	)%	77	%
Latin America	410			267			380			379			342			(10	)%	(17	)%
Asia	117			151			121			154			176			14	%	50	%
Total	$	2,327		$	2,460		$	2,415		$	2,421		$	2,339		(3	)%	1	%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	2,519		$	2,520		$	2,429		$	2,160		$	1,926		(11	)%	(24	)%
Latin America	817			884			841			711			737			4	%	(10	)%
Asia (4)	265			301			282			287			292			2	%	10	%
Total	$	3,601		$	3,705		$	3,552		$	3,158		$	2,955		(6	)%	(18	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	29		$	13		$	12		$	14		$	13		(7	)%	(55	)%
Global Consumer Banking	41			38			41			34			33			(3	)%	(20	)%
Corporate/Other	135			124			108			138			127			(8	)%	(6	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	205		$	175		$	161		$	186		$	173		(7	)%	(16	)%

OREO By Region:
North America	$	159		$	151		$	132		$	161		$	136		(16	)%	(14	)%
EMEA	1			—			1			—			1			100	%	—
Latin America	35			19			18			18			31			72	%	(11	)%
Asia	10			5			10			7			5			(29	)%	(50	)%
Total	$	205		$	175		$	161		$	186		$	173		(7	)%	(16	)%

Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—		—		—

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	2,327		$	2,460		$	2,415		$	2,421		$	2,339		(3	)%	1	%
Consumer Non-Accrual Loans	3,601			3,705			3,552			3,158			2,955			(6	)%	(18	)%
Non-Accrual Loans (NAL)	5,928			6,165			5,967			5,579			5,294			(5	)%	(11	)%
OREO	205			175			161			186			173			(7	)%	(16	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	6,133		$	6,340		$	6,128		$	5,765		$	5,467		(5	)%	(11	)%

NAL as a % of Total Loans	0.96		%	0.97		%	0.93		%	0.89		%	0.84		%
NAA as a % of Total Assets	0.34		%	0.35		%	0.34		%	0.32		%	0.30		%

Allowance for Loan Losses as a % of NAL	214		%	200		%	208		%	216		%	227		%

(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.

(2) The fourth quarter of 2016 reflects the transfers of non accrual loans to HFS resulting from the agreements to sell the Brazil and Argentina consumer banking businesses.

(3) Excludes SOP 03-3 purchased distressed loans.

(4) Asia GCB includes balances for certain EMEA countries for all periods presented.

(5) 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.

(6) There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

Reclassified to conform to the current period's presentation.

Page 27

CITIGROUP

REGULATORY CAPITAL RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER SHARE, TANGIBLE BOOK

VALUE PER SHARE AND RETURNS ON EQUITY

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

	March 31,			June 30,			September 30,			December 31,			March 31,
	2016			2016			2016			2016			2017(1)
Common Equity Tier 1 Capital Ratio and Components

Citigroup Common Stockholders’ Equity(2)	$	209,947		$	212,819		$	212,506		$	206,051		$	209,063
Add: Qualifying noncontrolling interests	143			134			140			129			133
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(300		)	(149		)	(232		)	(560		)	(562		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	562			574			335			(61		)	(173		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(5)	21,935			21,854			21,763			20,858			21,448
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	3,332			5,358			5,177			4,876			4,738
Defined benefit pension plan net assets	870			964			891			857			836
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	23,414			22,942			22,503			21,337			21,077
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(6)	7,254			6,876			7,077			9,357			8,997
Common Equity Tier 1 Capital (CET1)	$	153,023		$	154,534		$	155,132		$	149,516		$	152,835
Risk-Weighted Assets (RWA)	$	1,239,575		$	1,232,856		$	1,228,283		$	1,189,680		$	1,193,983
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.34		%	12.53		%	12.63		%	12.57		%	12.8		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	153,023		$	154,534		$	155,132		$	149,516		$	152,835
Additional Tier 1 Capital (AT1)(7)	18,119			19,493			19,628			19,874			19,756
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	171,142		$	174,027		$	174,760		$	169,390		$	172,591
Total Leverage Exposure (TLE)	$	2,300,427		$	2,326,929		$	2,360,520		$	2,345,391		$	2,364,242
Supplementary Leverage Ratio (T1C/TLE)	7.44		%	7.48		%	7.40		%	7.22		%	7.3		%

Tangible Common Equity, Book Value Per Share, and Tangible Book Value Per Share and Returns on Equity

Common Stockholders’ Equity	$	209,769		$	212,635		$	212,322		$	205,867		$	208,879
Less:
Goodwill	22,575			22,496			22,539			21,659			22,265
Intangible assets (other than MSRs)	3,493			5,521			5,358			5,114			5,013
Goodwill and intangible assets (other than MSRs) related to assets held-for-sale	30			30			30			72			48
Tangible Common Equity (TCE)	$	183,671		$	184,588		$	184,395		$	179,022		$	181,553
Common Shares Outstanding (CSO)	2,934.9			2,905.4			2,849.7			2,772.4			2,753.3
Book Value Per Share (Common Equity/CSO)	$	71.47		$	73.19		$	74.51		$	74.26		$	75.86
Tangible Book Value Per Share (TCE/CSO)	$	62.58		$	63.53		$	64.71		$	64.57		$	65.94

Net Income Available to Common Shareholders	$	3,291		$	3,676		$	3,615		$	3,253		$	3,789
Average Common Stockholders’ Equity	$	207,084		$	210,146		$	212,321		$	208,965		$	207,040
Average TCE	$	181,336		$	184,130		$	184,492		$	181,709		$	180,288
Less: Average Net DTAs Excluded from Common Equity Tier 1 Capital(8)	29,988			28,503			27,921			28,532			28,951
Average TCE, Excluding Net DTAs Excluded from Common Equity Tier 1 Capital	$	151,348		$	155,627		$	156,571		$	153,177		$	151,337

Return on Average Common Stockholders’ Equity	6.4		%	7.0		%	6.8		%	6.2		%	7.4		%
Return on Average TCE	7.3		%	8.0		%	7.8		%	7.1		%	8.5		%
Return on Average TCE, Excluding Net DTAs Excluded from Common Equity Tier 1 Capital	8.7		%	9.5		%	9.2		%	8.4		%	10.2		%

(1) Preliminary.

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

(3) Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(4) The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected and own-credit valuation adjustments on derivatives are excluded from Common Equity Tier 1 Capital, in accordance with the U.S. Basel III rules.

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

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

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

(8) Represents average net DTAs excluded in arriving at Common Equity Tier1 Capital under full implementation of the U.S. Basel III rules. The average is based upon quarter-end amounts over the most recent two quarters.

Reclassified to conform to the current period’s presentation.

Page 28

CITIGROUP INC - FORM 8-K - EX-99.2 - April 13, 2017

Attached files