Citigroup Inc

Company facts

Industry

National Commercial Banks

Headquarters

New York, New York

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

13,218+ filings

On EDGAR

CIK 831001

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 8 of 12 sections worth reading, with 4 positive, 14 notable, and 1 negative flags.

• AND RESULTS OF OPERATIONS

  Key operating and capital results with segment-level detail and transformation update.
  Positive

  • Returned $4.1B to shareholders in Q3 2026 via $3.0B buybacks and $1.1B dividends.
  • Net income rose 40% to $5.2B in Q3 2026, with revenue up 8% and expenses down 2%.
  Notable

  • CET1 ratio fell to 12.8% at Sep 30, 2026 from 13.3% a year ago, still 120 bps above requirement.
  • Completed sale of 1.4% Banamex stake; Citi now owns 51% of voting stock.
  • Total provisions were $2.6B in Q3 2026, with net credit losses flat at $2.2B and a $369M reserve build.
  • Transformation including consent order remediation is multiyear and not linear, per prior disclosures.

• BALANCE SHEET OVERVIEW

  Full segment P&L, balance sheet, credit, capital, and liquidity details for a global bank.
  Notable

  • Common equity repurchases of $13.3B and dividends of $4.2B in 9M 2026.
  • Banamex CTA losses of ~$9B expected to be recognized in earnings upon HFS classification.
  • Downside scenario would increase ACL by ~$4.5B if 100% weighted at Sep 30, 2026.

• NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

  Segment results, Banamex stake sale, and EPS details are key for Q3 2026.
  Notable

  • Citi sold a 24% stake in Banamex for $2.4B cash, reducing its voting ownership to 51%.

• Consolidated Balance Sheet

  Dense loan, credit, and investment detail with material portfolio shifts and credit trends.
  Notable

  • Total ACL rose $1.0B to $22.4B at Sep 30, 2026, driven by macro outlook and portfolio growth.

• Consolidated Statement of Income

  Preferred stock redemptions and large VIE exposure changes are company-specific and material.
  Notable

  • Citi redeemed Series T ($1.5B) and Series X ($2.3B) preferred stock in 2026, cutting total preferred from $20.05B to $18.05B.

• Significant Interests in Unconsolidated VIEs—Balance Sheet Classification

  Dense with specifics: VIE asset surge, credit card runoff, mortgage gains, derivative growth, conduit exposure.
  Positive

  • Non-agency mortgage securitization gains rose to $91.7M in Q3 2026 from $69.2M in Q3 2025.
  Notable

  • Agency re-securitization transfers rose to $29.1B in 9M 2026 from $24.1B in 9M 2025.
  • Citi-administered conduit assets grew to $23.4B at Sep 30, 2026 from $19.2B at Dec 31, 2025.

• Balance sheet

  Huge derivatives book, credit risk, and off-balance-sheet guarantees demand attention.
  Negative

  • Citi estimates up to $1.1B in reasonably possible unaccrued loss for litigation and tax matters at Sep 30, 2026.

• SUMMARIZED BALANCE SHEET

  Parent-only balance sheet shows $169B advances to subs and $178B investment in bank sub, key for structural risk.
  Positive

  • Citi repurchased $3.0B of common shares in Q3 2026 under a $30B program announced May 7, 2026.
  Notable

  • CGMHI's other assets include $116B in loans to affiliates at September 30, 2026, up from $99B at year-end 2025.
  • Citi declared a $0.67 per share common dividend for Q4 2026, same as Q3 2026.

What changed: Sep 2026 vs. Jun 2026

About 5% of C's Sep 2026 10-Q is new information. 73 paragraphs were added, 632 changed, and 107 removed. Below are the most important lines SECSift identified.

• BALANCE SHEET OVERVIEW 299
• Consolidated Balance Sheet 82
• Balance sheet 57
• NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 36
• AND RESULTS OF OPERATIONS 27
• Significant Interests in Unconsolidated VIEs—Balance Sheet Classification 25
• SUMMARIZED BALANCE SHEET 11
• RESULTS OF OPERATIONS 8