
	Three Months Ended March 31,
In millions of dollars	2026		2025
Allowance for credit losses on loans (ACLL) at beginning of period	$	19,247	$	18,574




Gross credit losses on loans	(2,820)		(2,926)
Gross recoveries on loans	612		467
Net credit losses (NCLs) on loans	$	(2,208)	$	(2,459)
Replenishment of NCLs	$	2,208	$	2,459
Net reserve builds (releases) for loans	301		227
Net specific reserve builds (releases) for loans	96		(125)
Total provision for credit losses on loans (PCLL)	$	2,605	$	2,561

Other, net (see table below)	(8)		50
ACLL at end of period	$	19,636	$	18,726
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(1)	$	1,833	$	1,601

Provision (release) for credit losses on ACLUC(2)	184		108
Other, net	(4)		11
ACLUC at end of period(1)	$	2,013	$	1,720
Total ACLL and ACLUC	$	21,649	$	20,446
Allowance for credit losses on other assets at beginning of period(3)	$	147	$	1,865

NCLs on other assets	(3)		(13)
Provision (release) for credit losses on other assets	33		39
Other, net(4)	9		315
Allowance for credit losses on other assets at end of period(3)	$	186	$	2,206
Allowance for credit losses on HTM debt securities at beginning of period	$	146	$	137

Provision (release) for credit losses on HTM debt securities	(30)		(5)
Other, net	—		(2)
Allowance for credit losses on HTM debt securities at end of period	$	116	$	130
Total ACL	$	21,951	$	22,782


	Three Months Ended
	March 31, 2026						March 31, 2025
In millions of dollars	Corporate		Consumer		Total		Corporate		Consumer		Total
ACLL at beginning of period	$	3,053	$	16,194	$	19,247	$	2,556	$	16,018	$	18,574




Charge-offs	(42)		(2,778)		(2,820)		(199)		(2,727)		(2,926)
Recoveries	34		578		612		17		450		467
Replenishment of NCLs	8		2,200		2,208		182		2,277		2,459
Net reserve builds (releases)	203		98		301		279		(52)		227
Net specific reserve builds (releases)	96		—		96		(125)		—		(125)

Other	(13)		5		(8)		15		35		50
Ending balance	$	3,339	$	16,297	$	19,636	$	2,725	$	16,001	$	18,726


	March 31, 2026						December 31, 2025
In millions of dollars	Corporate		Consumer		Total		Corporate		Consumer		Total
ACLL
Collectively evaluated	$	2,922	$	16,248	$	19,170	$	2,730	$	16,144	$	18,874
Individually evaluated	417		51		468		323		51		374
Purchased credit deteriorated	—		(2)		(2)		—		(1)		(1)
Total ACLL	$	3,339	$	16,297	$	19,636	$	3,053	$	16,194	$	19,247
Loans, net of unearned income
Collectively evaluated	$	348,770	$	402,199	$	750,969	$	334,892	$	408,225	$	743,117
Individually evaluated	1,957		67		2,024		2,001		149		2,150
Purchased credit deteriorated	—		100		100		—		108		108
Held at fair value	8,498		25		8,523		6,804		51		6,855
Total loans, net of unearned income	$	359,225	$	402,391	$	761,616	$	343,697	$	408,533	$	752,230

Changes in the ACL

(March 31, 2026 vs. December 31, 2025)

The total allowance for credit losses on loans, leases, unfunded lending commitments, other assets and HTM debt securities (in aggregate, total ACL) as of March 31, 2026 was $21,951 million, an increase of $578 million from $21,373 million at December 31, 2025, driven by portfolio quality, including seasonal mix changes, as well as increased uncertainty in the macroeconomic outlook, partially offset by refinements to loss assumptions and lower net lending activity.

Consumer ACLL

Citi’s total consumer allowance for credit losses on loans (ACLL) as of March 31, 2026 was $16,297 million, an increase of $103 million from $16,194 million at December 31, 2025. The increase was driven by seasonal portfolio mix changes and increased uncertainty in the macroeconomic outlook, primarily offset by lower seasonal volumes and refinements to loss assumptions.

Corporate ACLL

Citi’s total corporate ACLL as of March 31, 2026 was $3,339 million, an increase of $286 million from $3,053 million at December 31, 2025. The increase was driven by increased uncertainty in the macroeconomic outlook.

ACLUC

As of March 31, 2026, Citi’s total allowance for unfunded lending commitments (ACLUC), included in Other liabilities, was $2,013 million, an increase of $180 million from $1,833 million at December 31, 2025. The increase was driven by Citi’s forward purchase commitment of the Barclays American Airlines co-branded card portfolio and increased uncertainty in the macroeconomic outlook, partially offset by refinements to loss assumptions.


	Three Months Ended March 31, 2026
In millions of dollars	Deposits with banks		Securities borrowed and purchased under agreements to resell		All other assets(1)		Total
Allowance for credit losses on other assets at beginning of quarter(2)	$	23	$	5	$	119	$	147

Gross credit losses	—		—		(10)		(10)
Gross recoveries	—		—		7		7
NCLs	$	—	$	—	$	(3)	$	(3)
Replenishment of NCLs	$	—	$	—	$	3	$	3
Net reserve builds (releases)	8		—		22		30
Total provision for credit losses	$	8	$	—	$	25	$	33
Other, net	$	1	$	—	$	8	$	9
Allowance for credit losses on other assets at end of quarter	$	32	$	5	$	149	$	186


	Three Months Ended March 31, 2025
In millions of dollars	Deposits with banks		Securities borrowed and purchased under agreements to resell		All other assets(1)		Total
Allowance for credit losses on other assets at beginning of quarter	$	25	$	3	$	1,837	$	1,865
Gross credit losses	—		—		(17)		(17)
Gross recoveries	—		—		4		4
NCLs	$	—	$	—	$	(13)	$	(13)
Replenishment of NCLs	$	—	$	—	$	13	$	13
Net reserve builds (releases)	(6)		1		31		26
Total provision for credit losses	$	(6)	$	1	$	44	$	39
Other, net	$	—	$	—	$	315	$	315
Allowance for credit losses on other assets at end of quarter	$	19	$	4	$	2,183	$	2,206