Citigroup 8-K

Summary

Q2 2026 results. Revenue rose 14% Y/Y, Citi’s highest quarterly revenue in a decade, with growth across all five businesses; higher revenue and a lower credit-loss provision lifted net income, partly offset by higher expenses. Citi said it plans to increase its dividend by 12% and has launched a $30B share buyback plan.

Key Figures

• Revenue growth reflected gains in all five businesses, with foreign exchange translation also contributing. Services revenue rose 18%, Markets 17%, Banking 34% and Wealth 13%; U.S. Consumer Cards revenue rose 1%.
• Operating expenses increased 5% to $14.2B, while provision for credit losses fell 12% to $2.52B. Diluted EPS growth also reflected an 8% lower average diluted share count.
• Common Equity Tier 1 capital ratio was 12.8% at quarter-end (preliminary), vs 13.5% a year earlier. Book value per share was $114.74 (+7% Y/Y); tangible book value per share, non-GAAP, was $100.89 (+7%). Citi returned ≈$5.0B through common share repurchases and dividends; the payout ratio was 92%. Period-end common shares outstanding fell 9%, from 1.84B to 1.68B.

Guidance

No guidance in this filing.

Investor Takeaways

• Watch whether U.S. Consumer Cards’ investments in partner payments and new-account acquisition translate into stronger revenue while credit performance holds up.
• Track capital ratios, share count and execution of the announced buyback and dividend increase.