Citigroup Inc 8-K 2018-04-09
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CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT |
4Q17 - Historical |
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Page |
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Citigroup Consolidated |
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Financial Summary |
1 |
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Consolidated Statement of Income |
2 |
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Consolidated Balance Sheet |
3 |
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Segment Detail |
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Net Revenues |
4 |
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Income & Regional Average Assets and ROA |
5 |
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Global Consumer Banking (GCB) |
6 |
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Retail Banking and Cards Key Indicators |
7 |
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North America |
8 - 10 |
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Latin America (1) |
11 - 12 |
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Asia (2) |
13 - 14 |
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Institutional Clients Group (ICG) |
15 |
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Revenues by Business |
16 |
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Corporate / Other |
17 |
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Consumer Key Indicators |
18 |
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Citigroup Supplemental Detail |
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Average Balances and Interest Rates |
19 |
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Deposits |
20 |
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Loans |
21 |
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Consumer Loan Delinquency Amounts and Ratios |
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90+ Days |
22 |
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30-89 Days |
23 |
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Allowance for Credit Losses |
24 - 25 |
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Components of Provision for Loan Losses |
26 |
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Non-Accrual Assets |
27 |
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CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share |
28 |
This revised 4Q17 Historical Financial Data Supplement as of December 31, 2017 represents the format Citi will use starting with the presentation of its first quarter of 2018 financial results on April 13, 2018. This Supplement is being provided solely to facilitate comparison of first quarter of 2018 results with those of prior periods, and reflects:
· Adoption of the Revenue Recognition accounting standard (ASU No. 2014-09), which as previously disclosed, occurred on January 1, 2018 (for additional information, see Future Application of Accounting Standards in Citis 2017 Annual Report on Form 10-K);
· the re-attribution of certain costs between Corporate/Other and Global Consumer Banking (GCB) and Institutional Clients Group (ICG); and
· certain other immaterial reclassifications.
(1) Latin America GCB consists of Cits consumer banking operations in Mexico.
(2) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.
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CITIGROUP FINANCIAL SUMMARY (In millions of dollars, except per share amounts, and as otherwise noted) |
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1Q |
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2Q |
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3Q |
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4Q |
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1Q |
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2Q |
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3Q |
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4Q |
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1Q |
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2Q |
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3Q |
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4Q |
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1Q |
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2Q |
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3Q |
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4Q |
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2013 |
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2013 |
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2013 |
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2013 |
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2014 |
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2014 |
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2014 |
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2014 |
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2015 |
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2015 |
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2015 |
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2015 |
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2016 |
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2016 |
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2016 |
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2016 |
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Total Revenues, Net of Interest Expense |
|
$ |
20,518 |
|
$ |
20,790 |
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$ |
18,146 |
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$ |
18,082 |
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$ |
20,428 |
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$ |
19,678 |
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$ |
19,931 |
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$ |
18,139 |
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$ |
19,975 |
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$ |
19,712 |
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$ |
18,908 |
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$ |
18,682 |
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$ |
17,774 |
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$ |
17,786 |
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$ |
18,003 |
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$ |
17,234 |
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Total Operating Expenses |
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12,488 |
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12,347 |
|
11,884 |
|
12,501 |
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12,371 |
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15,774 |
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13,197 |
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14,666 |
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11,123 |
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11,170 |
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10,885 |
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11,360 |
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10,742 |
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10,607 |
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10,647 |
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10,342 |
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Net Credit Losses (NCLs) |
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2,878 |
|
2,608 |
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2,430 |
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2,547 |
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2,439 |
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2,189 |
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2,097 |
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2,248 |
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1,957 |
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1,920 |
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1,663 |
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1,762 |
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1,724 |
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1,616 |
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1,525 |
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1,696 |
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Credit Reserve Build / (Release) |
|
(664 |
) |
(781 |
) |
(778 |
) |
(636 |
) |
(646 |
) |
(610 |
) |
(522 |
) |
(367 |
) |
(202 |
) |
(405 |
) |
(81 |
) |
494 |
|
162 |
|
(226 |
) |
221 |
|
31 |
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Provision / (Release) for Unfunded Lending Commitments |
|
14 |
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(3 |
) |
103 |
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(34 |
) |
(27 |
) |
(31 |
) |
(30 |
) |
(74 |
) |
(37 |
) |
(48 |
) |
65 |
|
94 |
|
71 |
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(30 |
) |
(45 |
) |
33 |
| ||||||||||||||||
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Provision for Benefits and Claims |
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231 |
|
200 |
|
204 |
|
195 |
|
208 |
|
182 |
|
205 |
|
206 |
|
197 |
|
181 |
|
189 |
|
164 |
|
88 |
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49 |
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35 |
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32 |
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Provisions for Credit Losses and for Benefits and Claims |
|
$ |
2,459 |
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$ |
2,024 |
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$ |
1,959 |
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$ |
2,072 |
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$ |
1,974 |
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$ |
1,730 |
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$ |
1,750 |
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$ |
2,013 |
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$ |
1,915 |
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$ |
1,648 |
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$ |
1,836 |
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$ |
2,514 |
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$ |
2,045 |
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$ |
1,409 |
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$ |
1,736 |
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$ |
1,792 |
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Income from Continuing Operations before Income Taxes |
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$ |
5,571 |
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$ |
6,419 |
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$ |
4,303 |
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$ |
3,509 |
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$ |
6,083 |
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$ |
2,174 |
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$ |
4,984 |
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$ |
1,460 |
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$ |
6,937 |
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$ |
6,894 |
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$ |
6,187 |
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$ |
4,808 |
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$ |
4,987 |
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$ |
5,770 |
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$ |
5,620 |
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$ |
5,100 |
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Income Taxes (Benefits) |
|
1,675 |
|
2,225 |
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1,102 |
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1,184 |
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2,131 |
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1,921 |
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2,068 |
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1,077 |
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2,120 |
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2,036 |
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1,881 |
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1,403 |
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1,479 |
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1,723 |
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1,733 |
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1,509 |
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Income (Loss) from Continuing Operations |
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$ |
3,896 |
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$ |
4,194 |
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$ |
3,201 |
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$ |
2,325 |
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$ |
3,952 |
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$ |
253 |
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$ |
2,916 |
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$ |
383 |
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$ |
4,817 |
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$ |
4,858 |
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$ |
4,306 |
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$ |
3,405 |
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$ |
3,508 |
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$ |
4,047 |
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$ |
3,887 |
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$ |
3,591 |
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Income (Loss) from Discontinued Operations, net of Taxes |
|
(33 |
) |
30 |
|
92 |
|
181 |
|
37 |
|
(22 |
) |
(16 |
) |
(1 |
) |
(5 |
) |
6 |
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(10 |
) |
(45 |
) |
(2 |
) |
(23 |
) |
(30 |
) |
(3 |
) | ||||||||||||||||
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Net Income (Loss) before Noncontrolling Interests |
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$ |
3,863 |
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$ |
4,224 |
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$ |
3,293 |
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$ |
2,506 |
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$ |
3,989 |
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$ |
231 |
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$ |
2,900 |
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$ |
382 |
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$ |
4,812 |
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$ |
4,864 |
|
$ |
4,296 |
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$ |
3,360 |
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$ |
3,506 |
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$ |
4,024 |
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$ |
3,857 |
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$ |
3,588 |
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Net Income Attributable to Noncontrolling Interests |
|
90 |
|
36 |
|
51 |
|
50 |
|
45 |
|
50 |
|
59 |
|
38 |
|
42 |
|
18 |
|
5 |
|
25 |
|
5 |
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26 |
|
17 |
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15 |
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Citigroups Net Income (Loss) |
|
$ |
3,773 |
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$ |
4,188 |
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$ |
3,242 |
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$ |
2,456 |
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$ |
3,944 |
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$ |
181 |
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$ |
2,841 |
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$ |
344 |
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$ |
4,770 |
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$ |
4,846 |
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$ |
4,291 |
|
$ |
3,335 |
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$ |
3,501 |
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$ |
3,998 |
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$ |
3,840 |
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$ |
3,573 |
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Diluted Earnings Per Share: |
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Income (Loss) from Continuing Operations |
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$ |
1.23 |
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$ |
1.34 |
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$ |
0.98 |
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$ |
0.71 |
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$ |
1.22 |
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$ |
0.03 |
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$ |
0.88 |
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$ |
0.06 |
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$ |
1.51 |
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$ |
1.51 |
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$ |
1.36 |
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$ |
1.03 |
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$ |
1.11 |
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$ |
1.25 |
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$ |
1.25 |
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$ |
1.14 |
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Citigroups Net Income (Loss) |
|
$ |
1.21 |
|
$ |
1.34 |
|
$ |
1.01 |
|
$ |
0.77 |
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$ |
1.23 |
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$ |
0.03 |
|
$ |
0.88 |
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$ |
0.06 |
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$ |
1.51 |
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$ |
1.51 |
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$ |
1.35 |
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$ |
1.02 |
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$ |
1.10 |
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$ |
1.24 |
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$ |
1.24 |
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$ |
1.14 |
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Shares (in millions): |
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Average Basic |
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3,040.1 |
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3,040.7 |
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3,034.3 |
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3,028.0 |
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3,037.4 |
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3,033.8 |
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3,029.5 |
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3,025.6 |
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3,034.2 |
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3,020.0 |
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2,993.3 |
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2,968.3 |
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2,943.0 |
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2,915.8 |
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2,879.9 |
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2,813.8 |
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Average Diluted |
|
3,044.7 |
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3,046.3 |
|
3,040.9 |
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3,034.6 |
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3,043.3 |
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3,038.3 |
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3,034.8 |
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3,031.5 |
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3,039.3 |
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3,025.0 |
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2,996.9 |
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2,969.5 |
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2,943.1 |
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2,915.9 |
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2,880.1 |
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2,814.2 |
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Common Shares Outstanding, at period end |
|
3,042.9 |
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3,041.0 |
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3,033.0 |
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3,029.2 |
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3,037.8 |
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3,031.8 |
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3,029.5 |
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3,023.9 |
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3,034.1 |
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3,009.8 |
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2,979.0 |
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2,953.3 |
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2,934.9 |
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2,905.4 |
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2,849.7 |
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2,772.4 |
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Preferred Dividends |
|
$ |
4 |
|
$ |
9 |
|
$ |
110 |
|
$ |
71 |
|
$ |
124 |
|
$ |
100 |
|
$ |
128 |
|
$ |
159 |
|
$ |
128 |
|
$ |
202 |
|
$ |
174 |
|
$ |
265 |
|
$ |
210 |
|
$ |
322 |
|
$ |
225 |
|
$ |
320 |
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Income Allocated to Unrestricted Common Shareholders - Basic |
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Income (Loss) from Continuing Operations |
|
$ |
3,730 |
|
$ |
4,067 |
|
$ |
2,980 |
|
$ |
2,161 |
|
$ |
3,721 |
|
$ |
102 |
|
$ |
2,684 |
|
$ |
183 |
|
$ |
4,585 |
|
$ |
4,574 |
|
$ |
4,070 |
|
$ |
3,072 |
|
$ |
3,253 |
|
$ |
3,645 |
|
$ |
3,592 |
|
$ |
3,207 |
|
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Citigroups Net Income (Loss) |
|
$ |
3,697 |
|
$ |
4,096 |
|
$ |
3,070 |
|
$ |
2,338 |
|
$ |
3,758 |
|
$ |
80 |
|
$ |
2,669 |
|
$ |
182 |
|
$ |
4,580 |
|
$ |
4,580 |
|
$ |
4,061 |
|
$ |
3,028 |
|
$ |
3,251 |
|
$ |
3,623 |
|
$ |
3,562 |
|
$ |
3,204 |
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Income Allocated to Unrestricted Common Shareholders - Diluted |
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Income (Loss) from Continuing Operations |
|
$ |
3,730 |
|
$ |
4,067 |
|
$ |
2,980 |
|
$ |
2,161 |
|
$ |
3,721 |
|
$ |
102 |
|
$ |
2,684 |
|
$ |
183 |
|
$ |
4,585 |
|
$ |
4,574 |
|
$ |
4,070 |
|
$ |
3,072 |
|
$ |
3,253 |
|
$ |
3,645 |
|
$ |
3,592 |
|
$ |
3,207 |
|
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Citigroups Net Income (Loss) |
|
$ |
3,698 |
|
$ |
4,096 |
|
$ |
3,070 |
|
$ |
2,338 |
|
$ |
3,758 |
|
$ |
80 |
|
$ |
2,669 |
|
$ |
182 |
|
$ |
4,580 |
|
$ |
4,580 |
|
$ |
4,061 |
|
$ |
3,028 |
|
$ |
3,251 |
|
$ |
3,623 |
|
$ |
3,562 |
|
$ |
3,204 |
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Regulatory Capital Ratios and Performance Metrics: |
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Common Equity Tier 1 (CET1) Capital Ratio (2) (3) (4) (5) |
|
9.31 |
% |
10.02 |
% |
10.47 |
% |
10.57 |
% |
10.45 |
% |
10.57 |
% |
10.64 |
% |
10.57 |
% |
11.06 |
% |
11.37 |
% |
11.67 |
% |
12.07 |
% |
12.34 |
% |
12.53 |
% |
12.63 |
% |
12.57 |
% | ||||||||||||||||
|
Tier 1 Capital Ratio(2) (4) (5) |
|
9.56 |
% |
10.37 |
% |
10.90 |
% |
11.23 |
% |
11.11 |
% |
11.35 |
% |
11.41 |
% |
11.45 |
% |
12.07 |
% |
12.54 |
% |
12.91 |
% |
13.49 |
% |
13.81 |
% |
14.12 |
% |
14.23 |
% |
14.24 |
% | ||||||||||||||||
|
Total Capital Ratio(2) (4) (5) |
|
12.23 |
% |
12.79 |
% |
13.12 |
% |
12.64 |
% |
12.52 |
% |
12.70 |
% |
12.76 |
% |
12.80 |
% |
13.38 |
% |
14.14 |
% |
14.60 |
% |
15.30 |
% |
15.71 |
% |
16.13 |
% |
16.34 |
% |
16.24 |
% | ||||||||||||||||
|
Supplementary Leverage Ratio(4) (6) |
|
N/A |
|
5.08 |
% |
5.25 |
% |
5.42 |
% |
5.70 |
% |
5.82 |
% |
5.98 |
% |
5.94 |
% |
6.44 |
% |
6.72 |
% |
6.85 |
% |
7.08 |
% |
7.44 |
% |
7.48 |
% |
7.40 |
% |
7.22 |
% | ||||||||||||||||
|
Return on Average Assets |
|
0.81 |
% |
0.88 |
% |
0.69 |
% |
0.52 |
% |
0.85 |
% |
0.04 |
% |
0.59 |
% |
0.07 |
% |
1.04 |
% |
1.06 |
% |
0.94 |
% |
0.74 |
% |
0.79 |
% |
0.89 |
% |
0.83 |
% |
0.78 |
% | ||||||||||||||||
|
Return on Average Common Equity |
|
8.1 |
% |
8.8 |
% |
6.4 |
% |
4.8 |
% |
7.8 |
% |
0.2 |
% |
5.3 |
% |
0.4 |
% |
9.4 |
% |
9.1 |
% |
8.0 |
% |
5.9 |
% |
6.4 |
% |
7.0 |
% |
6.8 |
% |
6.2 |
% | ||||||||||||||||
|
Efficiency Ratio (Total Operating Expenses/Total Revenues, net) |
|
61 |
% |
59 |
% |
65 |
% |
69 |
% |
61 |
% |
80 |
% |
66 |
% |
81 |
% |
56 |
% |
57 |
% |
58 |
% |
61 |
% |
60 |
% |
60 |
% |
59 |
% |
60 |
% | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
|
Balance Sheet Data (in billions of dollars, except per share amounts): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
|
Total Assets |
|
$ |
1,881.4 |
|
$ |
1,883.6 |
|
$ |
1,899.2 |
|
$ |
1,880.0 |
|
$ |
1,894.4 |
|
$ |
1,909.4 |
|
$ |
1,882.5 |
|
$ |
1,842.2 |
|
$ |
1,831.8 |
|
$ |
1,829.4 |
|
$ |
1,808.4 |
|
$ |
1,731.2 |
|
$ |
1,801.0 |
|
$ |
1,818.8 |
|
$ |
1,818.1 |
|
$ |
1,792.1 |
|
|
Total Average Assets |
|
1,886.8 |
|
1,898.9 |
|
1,857.1 |
|
1,888.0 |
|
1,888.3 |
|
1,903.3 |
|
1,895.4 |
|
1,900.2 |
|
1,853.1 |
|
1,839.7 |
|
1,818.4 |
|
1,784.3 |
|
1,777.6 |
|
1,807.3 |
|
1,830.2 |
|
1,819.8 |
| ||||||||||||||||
|
Total Deposits |
|
933.8 |
|
938.4 |
|
955.5 |
|
968.3 |
|
966.3 |
|
965.7 |
|
942.7 |
|
899.3 |
|
899.6 |
|
908.0 |
|
904.2 |
|
907.9 |
|
934.6 |
|
937.9 |
|
940.3 |
|
929.4 |
| ||||||||||||||||
|
Citigroups Stockholders Equity(4) (5) |
|
193.0 |
|
195.6 |
|
200.5 |
|
204.0 |
|
208.1 |
|
211.0 |
|
211.9 |
|
210.2 |
|
214.6 |
|
219.4 |
|
220.8 |
|
221.9 |
|
227.5 |
|
231.9 |
|
231.6 |
|
225.1 |
| ||||||||||||||||
|
Book Value Per Share(4) |
|
62.39 |
|
62.90 |
|
64.38 |
|
65.12 |
|
66.13 |
|
66.64 |
|
66.99 |
|
66.05 |
|
66.79 |
|
68.27 |
|
69.03 |
|
69.46 |
|
71.47 |
|
73.19 |
|
74.51 |
|
74.26 |
| ||||||||||||||||
|
Tangible Book Value Per Share(4)(7) |
|
52.23 |
|
52.99 |
|
54.40 |
|
55.19 |
|
56.29 |
|
56.78 |
|
57.41 |
|
56.71 |
|
57.66 |
|
59.18 |
|
60.07 |
|
60.61 |
|
62.58 |
|
63.53 |
|
64.71 |
|
64.57 |
| ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
|
Direct Staff (in thousands) |
|
257 |
|
253 |
|
252 |
|
251 |
|
248 |
|
244 |
|
243 |
|
241 |
|
239 |
|
238 |
|
239 |
|
231 |
|
225 |
|
220 |
|
220 |
|
219 |
| ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| |||||||||
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| |||||||||
|
|
|
2017 |
|
2017 |
|
2017 |
|
2017(1) |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Total Revenues, Net of Interest Expense |
|
$ |
18,366 |
|
$ |
18,155 |
|
$ |
18,419 |
|
$ |
17,504 |
|
|
$ |
77,536 |
|
$ |
78,176 |
|
$ |
77,277 |
|
$ |
70,797 |
|
$ |
72,444 |
|
|
Total Operating Expenses |
|
10,723 |
|
10,760 |
|
10,417 |
|
10,332 |
|
|
49,220 |
|
56,008 |
|
44,538 |
|
42,338 |
|
42,232 |
| |||||||||
|
Net Credit Losses (NCLs) |
|
1,709 |
|
1,710 |
|
1,777 |
|
1,880 |
|
|
10,463 |
|
8,973 |
|
7,302 |
|
6,561 |
|
7,076 |
| |||||||||
|
Credit Reserve Build / (Release) |
|
(34 |
) |
(44 |
) |
369 |
|
136 |
|
|
(2,859 |
) |
(2,145 |
) |
(194 |
) |
188 |
|
427 |
| |||||||||
|
Provision / (Release) for Unfunded Lending Commitments |
|
(43 |
) |
28 |
|
(175 |
) |
29 |
|
|
80 |
|
(162 |
) |
74 |
|
29 |
|
(161 |
) | |||||||||
|
Provision for Benefits and Claims |
|
30 |
|
23 |
|
28 |
|
28 |
|
|
830 |
|
801 |
|
731 |
|
204 |
|
109 |
| |||||||||
|
Provisions for Credit Losses and for Benefits and Claims |
|
$ |
1,662 |
|
$ |
1,717 |
|
$ |
1,999 |
|
$ |
2,073 |
|
|
$ |
8,514 |
|
$ |
7,467 |
|
$ |
7,913 |
|
$ |
6,982 |
|
$ |
7,451 |
|
|
Income from Continuing Operations before Income Taxes |
|
$ |
5,981 |
|
$ |
5,678 |
|
$ |
6,003 |
|
$ |
5,099 |
|
|
$ |
19,802 |
|
$ |
14,701 |
|
$ |
24,826 |
|
$ |
21,477 |
|
$ |
22,761 |
|
|
Income Taxes (Benefits) |
|
1,863 |
|
1,795 |
|
1,866 |
|
23,864 |
|
|
6,186 |
|
7,197 |
|
7,440 |
|
6,444 |
|
29,388 |
| |||||||||
|
Income (Loss) from Continuing Operations |
|
$ |
4,118 |
|
$ |
3,883 |
|
$ |
4,137 |
|
$ |
(18,765 |
) |
|
$ |
13,616 |
|
$ |
7,504 |
|
$ |
17,386 |
|
$ |
15,033 |
|
$ |
(6,627 |
) |
|
Income (Loss) from Discontinued Operations, net of Taxes |
|
(18 |
) |
21 |
|
(5 |
) |
(109 |
) |
|
270 |
|
(2 |
) |
(54 |
) |
(58 |
) |
(111 |
) | |||||||||
|
Net Income (Loss) before Noncontrolling Interests |
|
$ |
4,100 |
|
$ |
3,904 |
|
$ |
4,132 |
|
$ |
(18,874 |
) |
|
$ |
13,886 |
|
$ |
7,502 |
|
$ |
17,332 |
|
$ |
14,975 |
|
$ |
(6,738 |
) |
|
Net Income Attributable to Noncontrolling Interests |
|
10 |
|
32 |
|
(1 |
) |
19 |
|
|
227 |
|
192 |
|
90 |
|
63 |
|
60 |
| |||||||||
|
Citigroups Net Income (Loss) |
|
$ |
4,090 |
|
$ |
3,872 |
|
$ |
4,133 |
|
$ |
(18,893 |
) |
|
$ |
13,659 |
|
$ |
7,310 |
|
$ |
17,242 |
|
$ |
14,912 |
|
$ |
(6,798 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Diluted Earnings Per Share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Income (Loss) from Continuing Operations |
|
$ |
1.36 |
|
$ |
1.27 |
|
$ |
1.42 |
|
$ |
(7.33 |
) |
|
$ |
4.25 |
|
$ |
2.20 |
|
$ |
5.42 |
|
$ |
4.74 |
|
$ |
(2.94 |
) |
|
Citigroups Net Income (Loss) |
|
$ |
1.35 |
|
$ |
1.28 |
|
$ |
1.42 |
|
$ |
(7.38 |
) |
|
$ |
4.34 |
|
$ |
2.20 |
|
$ |
5.40 |
|
$ |
4.72 |
|
$ |
(2.98 |
) |
|
Shares (in millions): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Average Basic |
|
2,765.3 |
|
2,739.1 |
|
2,683.6 |
|
2,606.2 |
|
|
3,035.8 |
|
3,031.6 |
|
3,004.0 |
|
2,888.1 |
|
2,698.5 |
| |||||||||
|
Average Diluted |
|
2,765.5 |
|
2,739.2 |
|
2,683.7 |
|
2,606.2 |
|
|
3,041.6 |
|
3,037.0 |
|
3,007.7 |
|
2,888.3 |
|
2,698.5 |
| |||||||||
|
Common Shares Outstanding, at period end |
|
2,753.3 |
|
2,724.6 |
|
2,644.0 |
|
2,569.9 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Preferred Dividends |
|
$ |
301 |
|
$ |
320 |
|
$ |
272 |
|
$ |
320 |
|
|
$ |
194 |
|
$ |
511 |
|
$ |
769 |
|
$ |
1,077 |
|
$ |
1,213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Income Allocated to Unrestricted Common Shareholders - Basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Income (Loss) from Continuing Operations |
|
$ |
3,752 |
|
$ |
3,483 |
|
$ |
3,813 |
|
$ |
(19,116 |
) |
|
$ |
12,933 |
|
$ |
6,689 |
|
$ |
16,301 |
|
$ |
13,698 |
|
$ |
(7,937 |
) |
|
Citigroups Net Income (Loss) |
|
$ |
3,734 |
|
$ |
3,504 |
|
$ |
3,808 |
|
$ |
(19,225 |
) |
|
$ |
13,196 |
|
$ |
6,690 |
|
$ |
16,248 |
|
$ |
13,640 |
|
$ |
(8,048 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Income Allocated to Unrestricted Common Shareholders - Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Income (Loss) from Continuing Operations |
|
$ |
3,752 |
|
$ |
3,483 |
|
$ |
3,813 |
|
$ |
(19,116 |
) |
|
$ |
12,933 |
|
$ |
6,690 |
|
$ |
16,302 |
|
$ |
13,698 |
|
$ |
(7,937 |
) |
|
Citigroups Net Income (Loss) |
|
$ |
3,734 |
|
$ |
3,504 |
|
$ |
3,808 |
|
$ |
(19,225 |
) |
|
$ |
13,198 |
|
$ |
6,690 |
|
$ |
16,249 |
|
$ |
13,640 |
|
$ |
(8,048 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Regulatory Capital Ratios and Performance Metrics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Common Equity Tier 1 (CET1) Capital Ratio (2) (3) (4) (5) |
|
12.81 |
% |
13.06 |
% |
12.98 |
% |
12.36 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Tier 1 Capital Ratio(2) (4) (5) |
|
14.48 |
% |
14.74 |
% |
14.61 |
% |
14.06 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Total Capital Ratio(2) (4) (5) |
|
16.52 |
% |
16.93 |
% |
16.95 |
% |
16.30 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Supplementary Leverage Ratio(4) (6) |
|
7.27 |
% |
7.24 |
% |
7.11 |
% |
6.68 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Return on Average Assets |
|
0.91 |
% |
0.83 |
% |
0.87 |
% |
(3.93 |
)% |
|
0.73 |
% |
0.39 |
% |
0.95 |
% |
0.82 |
% |
(0.36 |
)% | |||||||||
|
Return on Average Common Equity |
|
7.4 |
% |
6.8 |
% |
7.3 |
% |
(37.5 |
)% |
|
7.0 |
% |
3.4 |
% |
8.1 |
% |
6.6 |
% |
(3.9 |
)% | |||||||||
|
Efficiency Ratio (Total Operating Expenses/Total Revenues, net) |
|
58 |
% |
59 |
% |
57 |
% |
59 |
% |
|
63 |
% |
72 |
% |
58 |
% |
60 |
% |
58 |
% | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Balance Sheet Data (in billions of dollars, except per share amounts): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Total Assets |
|
$ |
1,821.5 |
|
$ |
1,864.1 |
|
$ |
1,889.1 |
|
$ |
1,842.5 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Total Average Assets |
|
1,830.6 |
|
1,869.2 |
|
1,892.3 |
|
1,909.7 |
|
|
1,882.7 |
|
1,896.8 |
|
1,823.9 |
|
$ |
1,808.7 |
|
$ |
1,875.4 |
| |||||||
|
Total Deposits |
|
950.0 |
|
958.7 |
|
964.0 |
|
959.8 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Citigroups Stockholders Equity(4) (5) |
|
228.0 |
|
230.0 |
|
227.6 |
|
200.7 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Book Value Per Share(4) |
|
75.81 |
|
77.36 |
|
78.81 |
|
70.62 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Tangible Book Value Per Share(4)(7) |
|
65.88 |
|
67.32 |
|
68.55 |
|
60.16 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
Direct Staff (in thousands) |
|
215 |
|
214 |
|
213 |
|
209 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
(1) The 4Q17 and full-year 2017 include the $22,594 million impact of the enactment of the Tax Cuts and Jobs Act (Tax Reform), which was signed into law on December 22, 2017. The $22,594 million increase in Income Taxes from Tax Reform was recorded in North America GCB ($750 million), ICG ($2.0 billion) and Corporate/ Other ($19,844 million). The final impact of Tax Reform may differ from these estimates, due to, among other things, changes in assumptions made by Citigroup and additional guidance that may be issued by the U.S. Department of the Treasury.
(2) Citis reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach as of June 30, 2017 and for all subsequent periods, and the U.S. Basel III Advanced Approaches framework for all periods prior to June 30, 2017. For all periods presented, Citis reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework. The reportable ratios represent the lower of each of the three risk-based capital ratios (CET1 Capital, Tier 1 Capital and Total Capital) under both the Standardized Approach and the Advanced Approaches under the Collins Amendment. Citigroups risk-based capital ratios, which reflect full implementation of the U.S. Basel III rules, are non-GAAP financial measures. For the composition of Citis CET1 Capital and ratio, see page 28.
(3) Not Used.
(4) In March 2017, the FASB issued Accounting Standards Update 2017-08, Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08), which revises existing U.S. GAAP by shortening the amortization period for premiums on certain purchased callable debt securities to the earliest call date, rather than the contractual life of the security. During the second quarter of 2017, Citi early adopted ASU 2017-08 on a modified retrospective basis effective January 1, 2017, resulting in a $156 million net reduction of Citis stockholders equity. 1Q17 regulatory capital ratios, book value and tangible book value per share have been restated, although the retrospective application was immaterial to these ratios and amounts.
(5) Citi early adopted ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income as of December 31, 2017. The ASU allows a reclassification from Accumulated other comprehensive income (loss) (AOCI) to Retained earnings for the deferred taxes previously recorded in AOCI that exceed the current federal tax rate of 21% resulting from the newly enacted corporate tax rate as part of Tax Reform. The effect of adopting the ASU resulted in an increase of $3,304 million to Retained earnings at December 31, 2017 due to the reclassification of AOCI to Retained earnings.
(6) Citigroups 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 Citis SLR, see page 28.
(7) 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.
Reclassified to conform to the current periods presentation.
|
CITIGROUP CONSOLIDATED STATEMENT OF INCOME (In millions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Interest revenue |
|
$ |
16,002 |
|
$ |
15,912 |
|
$ |
15,484 |
|
$ |
15,758 |
|
$ |
15,455 |
|
$ |
15,673 |
|
$ |
15,632 |
|
$ |
15,375 |
|
$ |
14,713 |
|
$ |
14,977 |
|
$ |
14,834 |
|
$ |
14,491 |
|
$ |
14,265 |
|
|
Interest expense |
|
4,264 |
|
4,123 |
|
3,865 |
|
3,676 |
|
3,591 |
|
3,615 |
|
3,326 |
|
3,158 |
|
3,028 |
|
3,052 |
|
2,940 |
|
2,902 |
|
2,940 |
| |||||||||||||
|
Net interest revenue |
|
11,738 |
|
11,789 |
|
11,619 |
|
12,082 |
|
11,864 |
|
12,058 |
|
12,306 |
|
12,217 |
|
11,685 |
|
11,925 |
|
11,894 |
|
11,589 |
|
11,325 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Commissions and fees |
|
4,286 |
|
4,129 |
|
3,837 |
|
3,929 |
|
3,999 |
|
4,274 |
|
4,102 |
|
3,859 |
|
3,952 |
|
3,988 |
|
3,402 |
|
3,332 |
|
2,780 |
| |||||||||||||
|
Principal transactions |
|
2,546 |
|
2,724 |
|
1,192 |
|
1,007 |
|
2,945 |
|
1,899 |
|
1,602 |
|
474 |
|
2,020 |
|
2,225 |
|
1,380 |
|
589 |
|
1,904 |
| |||||||||||||
|
Administrative and other fiduciary fees |
|
852 |
|
873 |
|
800 |
|
793 |
|
793 |
|
814 |
|
804 |
|
775 |
|
750 |
|
766 |
|
701 |
|
687 |
|
808 |
| |||||||||||||
|
Realized gains (losses) on investments |
|
450 |
|
251 |
|
63 |
|
(16 |
) |
128 |
|
85 |
|
136 |
|
222 |
|
307 |
|
183 |
|
151 |
|
42 |
|
187 |
| |||||||||||||
|
Other-than-temporary impairment losses on investments and other assets |
|
(261 |
) |
(162 |
) |
(39 |
) |
(73 |
) |
(201 |
) |
(37 |
) |
(91 |
) |
(95 |
) |
(72 |
) |
(43 |
) |
(80 |
) |
(70 |
) |
(465 |
) | |||||||||||||
|
Other revenue |
|
907 |
|
1,186 |
|
674 |
|
360 |
|
900 |
|
585 |
|
1,072 |
|
687 |
|
1,333 |
|
668 |
|
1,460 |
|
2,513 |
|
1,235 |
| |||||||||||||
|
Total non-interest revenues |
|
8,780 |
|
9,001 |
|
6,527 |
|
6,000 |
|
8,564 |
|
7,620 |
|
7,625 |
|
5,922 |
|
8,290 |
|
7,787 |
|
7,014 |
|
7,093 |
|
6,449 |
| |||||||||||||
|
Total revenues, net of interest expense |
|
20,518 |
|
20,790 |
|
18,146 |
|
18,082 |
|
20,428 |
|
19,678 |
|
19,931 |
|
18,139 |
|
19,975 |
|
19,712 |
|
18,908 |
|
18,682 |
|
17,774 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net credit losses |
|
2,878 |
|
2,608 |
|
2,430 |
|
2,547 |
|
2,439 |
|
2,189 |
|
2,097 |
|
2,248 |
|
1,957 |
|
1,920 |
|
1,663 |
|
1,762 |
|
1,724 |
| |||||||||||||
|
Credit reserve build / (release) |
|
(664 |
) |
(781 |
) |
(778 |
) |
(636 |
) |
(646 |
) |
(610 |
) |
(522 |
) |
(367 |
) |
(202 |
) |
(405 |
) |
(81 |
) |
494 |
|
162 |
| |||||||||||||
|
Provision for loan losses |
|
2,214 |
|
1,827 |
|
1,652 |
|
1,911 |
|
1,793 |
|
1,579 |
|
1,575 |
|
1,881 |
|
1,755 |
|
1,515 |
|
1,582 |
|
2,256 |
|
1,886 |
| |||||||||||||
|
Provision for Policyholder benefits and claims |
|
231 |
|
200 |
|
204 |
|
195 |
|
208 |
|
182 |
|
205 |
|
206 |
|
197 |
|
181 |
|
189 |
|
164 |
|
88 |
| |||||||||||||
|
Provision for unfunded lending commitments |
|
14 |
|
(3 |
) |
103 |
|
(34 |
) |
(27 |
) |
(31 |
) |
(30 |
) |
(74 |
) |
(37 |
) |
(48 |
) |
65 |
|
94 |
|
71 |
| |||||||||||||
|
Total provisions for credit losses and for benefits and claims |
|
2,459 |
|
2,024 |
|
1,959 |
|
2,072 |
|
1,974 |
|
1,730 |
|
1,750 |
|
2,013 |
|
1,915 |
|
1,648 |
|
1,836 |
|
2,514 |
|
2,045 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Compensation and benefits |
|
6,329 |
|
6,072 |
|
5,839 |
|
5,729 |
|
6,010 |
|
6,028 |
|
6,114 |
|
5,807 |
|
5,520 |
|
5,483 |
|
5,321 |
|
5,445 |
|
5,556 |
| |||||||||||||
|
Premises and Equipment |
|
844 |
|
762 |
|
763 |
|
796 |
|
805 |
|
819 |
|
804 |
|
750 |
|
709 |
|
737 |
|
722 |
|
710 |
|
651 |
| |||||||||||||
|
Technology / communication expense |
|
1,533 |
|
1,488 |
|
1,572 |
|
1,557 |
|
1,533 |
|
1,623 |
|
1,633 |
|
1,661 |
|
1,604 |
|
1,660 |
|
1,631 |
|
1,702 |
|
1,652 |
| |||||||||||||
|
Advertising and marketing expense |
|
449 |
|
480 |
|
458 |
|
501 |
|
458 |
|
460 |
|
442 |
|
484 |
|
392 |
|
393 |
|
391 |
|
371 |
|
390 |
| |||||||||||||
|
Other operating |
|
3,333 |
|
3,545 |
|
3,252 |
|
3,918 |
|
3,565 |
|
6,844 |
|
4,204 |
|
5,964 |
|
2,898 |
|
2,897 |
|
2,820 |
|
3,132 |
|
2,493 |
| |||||||||||||
|
Total operating expenses |
|
12,488 |
|
12,347 |
|
11,884 |
|
12,501 |
|
12,371 |
|
15,774 |
|
13,197 |
|
14,666 |
|
11,123 |
|
11,170 |
|
10,885 |
|
11,360 |
|
10,742 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income from Continuing Operations before Income Taxes |
|
5,571 |
|
6,419 |
|
4,303 |
|
3,509 |
|
6,083 |
|
2,174 |
|
4,984 |
|
1,460 |
|
6,937 |
|
6,894 |
|
6,187 |
|
4,808 |
|
4,987 |
| |||||||||||||
|
Provision (benefits) for income taxes |
|
1,675 |
|
2,225 |
|
1,102 |
|
1,184 |
|
2,131 |
|
1,921 |
|
2,068 |
|
1,077 |
|
2,120 |
|
2,036 |
|
1,881 |
|
1,403 |
|
1,479 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income (Loss) from Continuing Operations |
|
3,896 |
|
4,194 |
|
3,201 |
|
2,325 |
|
3,952 |
|
253 |
|
2,916 |
|
383 |
|
4,817 |
|
4,858 |
|
4,306 |
|
3,405 |
|
3,508 |
| |||||||||||||
|
Discontinued Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income (Loss) from Discontinued Operations |
|
(103 |
) |
51 |
|
33 |
|
(223 |
) |
40 |
|
(3 |
) |
(25 |
) |
(2 |
) |
(8 |
) |
9 |
|
(15 |
) |
(69 |
) |
(3 |
) | |||||||||||||
|
Provision (benefits) for income taxes |
|
(14 |
) |
21 |
|
(53 |
) |
(198 |
) |
3 |
|
19 |
|
(9 |
) |
(1 |
) |
(3 |
) |
3 |
|
(5 |
) |
(24 |
) |
(1 |
) | |||||||||||||
|
Income (Loss) from Discontinued Operations, net of taxes |
|
(33 |
) |
30 |
|
92 |
|
181 |
|
37 |
|
(22 |
) |
(16 |
) |
(1 |
) |
(5 |
) |
6 |
|
(10 |
) |
(45 |
) |
(2 |
) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Income (Loss) before Noncontrolling Interests |
|
3,863 |
|
4,224 |
|
3,293 |
|
2,506 |
|
3,989 |
|
231 |
|
2,900 |
|
382 |
|
4,812 |
|
4,864 |
|
4,296 |
|
3,360 |
|
3,506 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Income (Loss) attributable to noncontrolling interests |
|
90 |
|
36 |
|
51 |
|
50 |
|
45 |
|
50 |
|
59 |
|
38 |
|
42 |
|
18 |
|
5 |
|
25 |
|
5 |
| |||||||||||||
|
Citigroups Net Income (Loss) |
|
$ |
3,773 |
|
$ |
4,188 |
|
$ |
3,242 |
|
$ |
2,456 |
|
$ |
3,944 |
|
$ |
181 |
|
$ |
2,841 |
|
$ |
344 |
|
$ |
4,770 |
|
$ |
4,846 |
|
$ |
4,291 |
|
$ |
3,335 |
|
$ |
3,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Interest revenue |
|
$ |
14,455 |
|
$ |
14,742 |
|
$ |
14,526 |
|
$ |
14,521 |
|
$ |
15,294 |
|
$ |
15,914 |
|
$ |
15,850 |
|
|
$ |
63,156 |
|
$ |
62,135 |
|
$ |
59,015 |
|
$ |
57,988 |
|
$ |
61,579 |
|
|
Interest expense |
|
3,121 |
|
3,174 |
|
3,277 |
|
3,566 |
|
4,036 |
|
4,379 |
|
4,537 |
|
|
15,928 |
|
13,690 |
|
11,922 |
|
12,512 |
|
16,518 |
| ||||||||||||
|
Net interest revenue |
|
11,334 |
|
11,568 |
|
11,249 |
|
10,955 |
|
11,258 |
|
11,535 |
|
11,313 |
|
|
47,228 |
|
48,445 |
|
47,093 |
|
45,476 |
|
45,061 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Commissions and fees |
|
3,019 |
|
2,939 |
|
2,940 |
|
3,055 |
|
3,256 |
|
3,241 |
|
3,155 |
|
|
16,181 |
|
16,234 |
|
14,674 |
|
11,678 |
|
12,707 |
| ||||||||||||
|
Principal transactions |
|
1,885 |
|
2,319 |
|
1,749 |
|
3,094 |
|
2,643 |
|
2,248 |
|
1,490 |
|
|
7,469 |
|
6,920 |
|
6,214 |
|
7,857 |
|
9,475 |
| ||||||||||||
|
Administrative and other fiduciary fees |
|
866 |
|
816 |
|
804 |
|
834 |
|
909 |
|
929 |
|
912 |
|
|
3,318 |
|
3,186 |
|
2,904 |
|
3,294 |
|
3,584 |
| ||||||||||||
|
Realized gains (losses) on investments |
|
199 |
|
288 |
|
275 |
|
192 |
|
221 |
|
213 |
|
152 |
|
|
748 |
|
571 |
|
683 |
|
949 |
|
778 |
| ||||||||||||
|
Other-than-temporary impairment losses on investments and other assets |
|
(118 |
) |
(32 |
) |
(5 |
) |
(12 |
) |
(20 |
) |
(15 |
) |
(16 |
) |
|
(535 |
) |
(424 |
) |
(265 |
) |
(620 |
) |
(63 |
) | ||||||||||||
|
Other revenue |
|
601 |
|
105 |
|
222 |
|
248 |
|
(112 |
) |
268 |
|
498 |
|
|
3,127 |
|
3,244 |
|
5,974 |
|
2,163 |
|
902 |
| ||||||||||||
|
Total non-interest revenues |
|
6,452 |
|
6,435 |
|
5,985 |
|
7,411 |
|
6,897 |
|
6,884 |
|
6,191 |
|
|
30,308 |
|
29,731 |
|
30,184 |
|
25,321 |
|
27,383 |
| ||||||||||||
|
Total revenues, net of interest expense |
|
17,786 |
|
18,003 |
|
17,234 |
|
18,366 |
|
18,155 |
|
18,419 |
|
17,504 |
|
|
77,536 |
|
78,176 |
|
77,277 |
|
70,797 |
|
72,444 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net credit losses |
|
1,616 |
|
1,525 |
|
1,696 |
|
1,709 |
|
1,710 |
|
1,777 |
|
1,880 |
|
|
10,463 |
|
8,973 |
|
7,302 |
|
6,561 |
|
7,076 |
| ||||||||||||
|
Credit reserve build / (release) |
|
(226 |
) |
221 |
|
31 |
|
(34 |
) |
(44 |
) |
369 |
|
136 |
|
|
(2,859 |
) |
(2,145 |
) |
(194 |
) |
188 |
|
427 |
| ||||||||||||
|
Provision for loan losses |
|
1,390 |
|
1,746 |
|
1,727 |
|
1,675 |
|
1,666 |
|
2,146 |
|
2,016 |
|
|
7,604 |
|
6,828 |
|
7,108 |
|
6,749 |
|
7,503 |
| ||||||||||||
|
Provision for Policyholder benefits and claims |
|
49 |
|
35 |
|
32 |
|
30 |
|
23 |
|
28 |
|
28 |
|
|
830 |
|
801 |
|
731 |
|
204 |
|
109 |
| ||||||||||||
|
Provision for unfunded lending commitments |
|
(30 |
) |
(45 |
) |
33 |
|
(43 |
) |
28 |
|
(175 |
) |
29 |
|
|
80 |
|
(162 |
) |
74 |
|
29 |
|
(161 |
) | ||||||||||||
|
Total provisions for credit losses and for benefits and claims |
|
1,409 |
|
1,736 |
|
1,792 |
|
1,662 |
|
1,717 |
|
1,999 |
|
2,073 |
|
|
8,514 |
|
7,467 |
|
7,913 |
|
6,982 |
|
7,451 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Compensation and benefits |
|
5,229 |
|
5,203 |
|
4,982 |
|
5,534 |
|
5,463 |
|
5,304 |
|
4,880 |
|
|
23,969 |
|
23,959 |
|
21,769 |
|
20,970 |
|
21,181 |
| ||||||||||||
|
Premises and Equipment |
|
642 |
|
624 |
|
625 |
|
620 |
|
604 |
|
608 |
|
621 |
|
|
3,165 |
|
3,178 |
|
2,878 |
|
2,542 |
|
2,453 |
| ||||||||||||
|
Technology / communication expense |
|
1,662 |
|
1,698 |
|
1,689 |
|
1,663 |
|
1,695 |
|
1,764 |
|
1,787 |
|
|
6,150 |
|
6,450 |
|
6,597 |
|
6,701 |
|
6,909 |
| ||||||||||||
|
Advertising and marketing expense |
|
433 |
|
403 |
|
406 |
|
373 |
|
432 |
|
417 |
|
386 |
|
|
1,888 |
|
1,844 |
|
1,547 |
|
1,632 |
|
1,608 |
| ||||||||||||
|
Other operating |
|
2,641 |
|
2,719 |
|
2,640 |
|
2,533 |
|
2,566 |
|
2,324 |
|
2,658 |
|
|
14,048 |
|
20,577 |
|
11,747 |
|
10,493 |
|
10,081 |
| ||||||||||||
|
Total operating expenses |
|
10,607 |
|
10,647 |
|
10,342 |
|
10,723 |
|
10,760 |
|
10,417 |
|
10,332 |
|
|
49,220 |
|
56,008 |
|
44,538 |
|
42,338 |
|
42,232 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income from Continuing Operations before Income Taxes |
|
5,770 |
|
5,620 |
|
5,100 |
|
5,981 |
|
5,678 |
|
6,003 |
|
5,099 |
|
|
19,802 |
|
14,701 |
|
24,826 |
|
21,477 |
|
22,761 |
| ||||||||||||
|
Provision (benefits) for income taxes |
|
1,723 |
|
1,733 |
|
1,509 |
|
1,863 |
|
1,795 |
|
1,866 |
|
23,864 |
|
|
6,186 |
|
7,197 |
|
7,440 |
|
6,444 |
|
29,388 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income (Loss) from Continuing Operations |
|
4,047 |
|
3,887 |
|
3,591 |
|
4,118 |
|
3,883 |
|
4,137 |
|
(18,765 |
) |
|
13,616 |
|
7,504 |
|
17,386 |
|
15,033 |
|
(6,627 |
) | ||||||||||||
|
Discontinued Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income (Loss) from Discontinued Operations |
|
(36 |
) |
(37 |
) |
(4 |
) |
(28 |
) |
33 |
|
(9 |
) |
(100 |
) |
|
(242 |
) |
10 |
|
(83 |
) |
(80 |
) |
(104 |
) | ||||||||||||
|
Provision (benefits) for income taxes |
|
(13 |
) |
(7 |
) |
(1 |
) |
(10 |
) |
12 |
|
(4 |
) |
9 |
|
|
(244 |
) |
12 |
|
(29 |
) |
(22 |
) |
7 |
| ||||||||||||
|
Income (Loss) from Discontinued Operations, net of taxes |
|
(23 |
) |
(30 |
) |
(3 |
) |
(18 |
) |
21 |
|
(5 |
) |
(109 |
) |
|
270 |
|
(2 |
) |
(54 |
) |
(58 |
) |
(111 |
) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Income (Loss) before Noncontrolling Interests |
|
4,024 |
|
3,857 |
|
3,588 |
|
4,100 |
|
3,904 |
|
4,132 |
|
(18,874 |
) |
|
13,886 |
|
7,502 |
|
17,332 |
|
14,975 |
|
(6,738 |
) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Income (Loss) attributable to noncontrolling interests |
|
26 |
|
17 |
|
15 |
|
10 |
|
32 |
|
(1 |
) |
19 |
|
|
227 |
|
192 |
|
90 |
|
63 |
|
60 |
| ||||||||||||
|
Citigroups Net Income (Loss) |
|
$ |
3,998 |
|
$ |
3,840 |
|
$ |
3,573 |
|
$ |
4,090 |
|
$ |
3,872 |
|
$ |
4,133 |
|
$ |
(18,893 |
) |
|
$ |
13,659 |
|
$ |
7,310 |
|
$ |
17,242 |
|
$ |
14,912 |
|
$ |
(6,798 |
) |
Reclassified to conform to the current periods presentation.
|
CITIGROUP CONSOLIDATED BALANCE SHEET (In millions of dollars) |
|
|
|
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
| ||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
| ||||||||||
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Cash and due from banks (including segregated cash and other deposits) |
|
$ |
31,150 |
|
$ |
31,145 |
|
$ |
32,810 |
|
$ |
29,885 |
|
$ |
33,380 |
|
$ |
35,268 |
|
$ |
35,976 |
|
$ |
32,108 |
|
$ |
21,880 |
|
$ |
23,413 |
|
|
Deposits with banks |
|
143,227 |
|
158,028 |
|
172,659 |
|
169,005 |
|
171,020 |
|
153,817 |
|
143,068 |
|
128,089 |
|
133,896 |
|
130,685 |
| ||||||||||
|
Fed funds sold and securities borrd or purch under agree. to resell |
|
270,426 |
|
263,205 |
|
273,679 |
|
257,037 |
|
263,398 |
|
250,353 |
|
245,462 |
|
242,570 |
|
239,015 |
|
237,054 |
| ||||||||||
|
Brokerage receivables |
|
25,235 |
|
33,484 |
|
24,976 |
|
25,674 |
|
32,484 |
|
41,864 |
|
39,298 |
|
28,419 |
|
35,637 |
|
43,921 |
| ||||||||||
|
Trading account assets |
|
300,784 |
|
297,956 |
|
283,604 |
|
276,572 |
|
268,780 |
|
282,155 |
|
285,097 |
|
291,866 |
|
298,335 |
|
273,593 |
| ||||||||||
|
Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Available-for-sale and non-marketable equity securities(2) |
|
294,803 |
|
290,738 |
|
292,717 |
|
298,381 |
|
302,300 |
|
303,293 |
|
309,009 |
|
309,522 |
|
303,561 |
|
301,955 |
| ||||||||||
|
Held-to-maturity |
|
10,056 |
|
9,602 |
|
10,808 |
|
10,599 |
|
10,600 |
|
22,330 |
|
24,038 |
|
23,921 |
|
23,254 |
|
30,166 |
| ||||||||||
|
Total Investments |
|
304,859 |
|
300,340 |
|
303,525 |
|
308,980 |
|
312,900 |
|
325,623 |
|
333,047 |
|
333,443 |
|
326,815 |
|
332,121 |
| ||||||||||
|
Loans, net of unearned income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Consumer |
|
392,145 |
|
378,996 |
|
384,389 |
|
390,293 |
|
380,590 |
|
380,113 |
|
372,140 |
|
365,643 |
|
337,431 |
|
337,878 |
| ||||||||||
|
Corporate |
|
254,219 |
|
264,745 |
|
273,162 |
|
275,179 |
|
283,631 |
|
287,391 |
|
281,686 |
|
278,992 |
|
283,623 |
|
294,240 |
| ||||||||||
|
Loans, net of unearned income |
|
646,364 |
|
643,741 |
|
657,551 |
|
665,472 |
|
664,221 |
|
667,504 |
|
653,826 |
|
644,635 |
|
621,054 |
|
632,118 |
| ||||||||||
|
Allowance for loan losses |
|
(23,727 |
) |
(21,580 |
) |
(20,605 |
) |
(19,648 |
) |
(18,923 |
) |
(17,890 |
) |
(16,915 |
) |
(15,994 |
) |
(14,598 |
) |
(14,075 |
) | ||||||||||
|
Total loans, net |
|
622,637 |
|
622,161 |
|
636,946 |
|
645,824 |
|
645,298 |
|
649,614 |
|
636,911 |
|
628,641 |
|
606,456 |
|
618,043 |
| ||||||||||
|
Goodwill |
|
25,474 |
|
24,896 |
|
25,098 |
|
25,009 |
|
25,008 |
|
25,087 |
|
24,500 |
|
23,592 |
|
23,150 |
|
23,012 |
| ||||||||||
|
Intangible assets (other than MSRs) |
|
5,457 |
|
4,981 |
|
4,888 |
|
5,056 |
|
4,891 |
|
4,702 |
|
4,525 |
|
4,566 |
|
4,244 |
|
4,071 |
| ||||||||||
|
Mortgage servicing rights (MSRs) |
|
2,203 |
|
2,524 |
|
2,580 |
|
2,718 |
|
2,586 |
|
2,282 |
|
2,093 |
|
1,845 |
|
1,685 |
|
1,924 |
| ||||||||||
|
Other assets |
|
149,906 |
|
141,601 |
|
135,079 |
|
134,275 |
|
134,645 |
|
138,604 |
|
132,528 |
|
127,042 |
|
140,688 |
|
141,533 |
| ||||||||||
|
Assets related to discontinued operations held for sale |
|
9 |
|
3,306 |
|
3,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total assets |
|
$ |
1,881,367 |
|
$ |
1,883,627 |
|
$ |
1,899,164 |
|
$ |
1,880,035 |
|
$ |
1,894,390 |
|
$ |
1,909,369 |
|
$ |
1,882,505 |
|
$ |
1,842,181 |
|
$ |
1,831,801 |
|
$ |
1,829,370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Non-interest-bearing deposits in U.S. offices |
|
$ |
124,487 |
|
$ |
124,141 |
|
$ |
130,273 |
|
$ |
128,399 |
|
$ |
135,632 |
|
$ |
130,653 |
|
$ |
128,243 |
|
$ |
128,958 |
|
$ |
136,568 |
|
$ |
135,013 |
|
|
Interest-bearing deposits in U.S. offices |
|
260,221 |
|
270,687 |
|
266,322 |
|
284,164 |
|
280,549 |
|
289,035 |
|
285,604 |
|
284,978 |
|
275,423 |
|
268,947 |
| ||||||||||
|
Total U.S. Deposits |
|
384,708 |
|
394,828 |
|
396,595 |
|
412,563 |
|
416,181 |
|
419,688 |
|
413,847 |
|
413,936 |
|
411,991 |
|
403,960 |
| ||||||||||
|
Non-interest-bearing deposits in offices outside the U.S. |
|
65,542 |
|
63,793 |
|
66,028 |
|
69,406 |
|
69,263 |
|
73,991 |
|
71,228 |
|
70,925 |
|
71,653 |
|
72,629 |
| ||||||||||
|
Interest-bearing deposits in offices outside the U.S. |
|
483,512 |
|
479,806 |
|
492,837 |
|
486,304 |
|
480,819 |
|
472,046 |
|
457,580 |
|
414,471 |
|
416,003 |
|
431,448 |
| ||||||||||
|
Total International Deposits |
|
549,054 |
|
543,599 |
|
558,865 |
|
555,710 |
|
550,082 |
|
546,037 |
|
528,808 |
|
485,396 |
|
487,656 |
|
504,077 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total deposits |
|
933,762 |
|
938,427 |
|
955,460 |
|
968,273 |
|
966,263 |
|
965,725 |
|
942,655 |
|
899,332 |
|
899,647 |
|
908,037 |
| ||||||||||
|
Fed funds purch and securities loaned or sold under agree. to repurch. |
|
222,053 |
|
218,252 |
|
216,387 |
|
203,512 |
|
190,676 |
|
183,912 |
|
175,732 |
|
173,438 |
|
175,371 |
|
177,012 |
| ||||||||||
|
Brokerage payables |
|
59,299 |
|
61,705 |
|
56,992 |
|
53,707 |
|
59,407 |
|
62,323 |
|
59,428 |
|
52,180 |
|
58,252 |
|
54,867 |
| ||||||||||
|
Trading account liabilities |
|
122,947 |
|
125,686 |
|
124,473 |
|
110,773 |
|
126,335 |
|
126,109 |
|
139,996 |
|
140,812 |
|
144,462 |
|
137,540 |
| ||||||||||
|
Short-term borrowings |
|
48,137 |
|
58,743 |
|
58,904 |
|
58,944 |
|
58,903 |
|
59,534 |
|
64,838 |
|
58,335 |
|
39,405 |
|
25,907 |
| ||||||||||
|
Long-term debt |
|
234,326 |
|
220,959 |
|
221,593 |
|
221,116 |
|
222,747 |
|
226,984 |
|
223,842 |
|
223,080 |
|
210,522 |
|
211,845 |
| ||||||||||
|
Other liabilities(3) |
|
65,871 |
|
60,328 |
|
60,924 |
|
57,924 |
|
60,163 |
|
72,029 |
|
62,467 |
|
83,308 |
|
88,119 |
|
93,337 |
| ||||||||||
|
Total liabilities |
|
$ |
1,686,395 |
|
$ |
1,686,162 |
|
$ |
1,696,772 |
|
$ |
1,674,249 |
|
$ |
1,684,494 |
|
$ |
1,696,616 |
|
$ |
1,668,958 |
|
$ |
1,630,485 |
|
$ |
1,615,778 |
|
$ |
1,608,545 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Stockholders equity(2)(4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Preferred stock |
|
$ |
3,137 |
|
$ |
4,293 |
|
$ |
5,243 |
|
$ |
6,738 |
|
$ |
7,218 |
|
$ |
8,968 |
|
$ |
8,968 |
|
$ |
10,468 |
|
$ |
11,968 |
|
$ |
13,968 |
|
|
Common stock |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
| ||||||||||
|
Additional paid-in capital |
|
106,661 |
|
106,876 |
|
107,030 |
|
107,193 |
|
107,505 |
|
107,669 |
|
107,839 |
|
107,979 |
|
108,124 |
|
108,219 |
| ||||||||||
|
Retained earnings(2)(4) |
|
101,213 |
|
105,364 |
|
108,465 |
|
110,821 |
|
114,745 |
|
115,015 |
|
117,697 |
|
117,852 |
|
122,463 |
|
126,954 |
| ||||||||||
|
Treasury stock |
|
(991 |
) |
(1,075 |
) |
(1,472 |
) |
(1,658 |
) |
(2,237 |
) |
(2,520 |
) |
(2,631 |
) |
(2,929 |
) |
(3,275 |
) |
(4,628 |
) | ||||||||||
|
Accumulated other comprehensive income (loss)(4) |
|
(17,059 |
) |
(19,924 |
) |
(18,798 |
) |
(19,133 |
) |
(19,146 |
) |
(18,147 |
) |
(19,976 |
) |
(23,216 |
) |
(24,691 |
) |
(25,104 |
) | ||||||||||
|
Total common equity |
|
$ |
189,855 |
|
$ |
191,272 |
|
$ |
195,256 |
|
$ |
197,254 |
|
$ |
200,898 |
|
$ |
202,048 |
|
$ |
202,960 |
|
$ |
199,717 |
|
$ |
202,652 |
|
$ |
205,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total Citigroup stockholders equity |
|
$ |
192,992 |
|
$ |
195,565 |
|
$ |
200,499 |
|
$ |
203,992 |
|
$ |
208,116 |
|
$ |
211,016 |
|
$ |
211,928 |
|
$ |
210,185 |
|
$ |
214,620 |
|
$ |
219,440 |
|
|
Noncontrolling interests |
|
1,980 |
|
1,900 |
|
1,893 |
|
1,794 |
|
1,780 |
|
1,737 |
|
1,619 |
|
1,511 |
|
1,403 |
|
1,385 |
| ||||||||||
|
Total equity |
|
194,972 |
|
197,465 |
|
202,392 |
|
205,786 |
|
209,896 |
|
212,753 |
|
213,547 |
|
211,696 |
|
216,023 |
|
220,825 |
| ||||||||||
|
Total liabilities and equity |
|
$ |
1,881,367 |
|
$ |
1,883,627 |
|
$ |
1,899,164 |
|
$ |
1,880,035 |
|
$ |
1,894,390 |
|
$ |
1,909,369 |
|
$ |
1,882,505 |
|
$ |
1,842,181 |
|
$ |
1,831,801 |
|
$ |
1,829,370 |
|
|
|
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
| ||||||||||
|
|
|
2015 |
|
2015 |
|
2016 |
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 (1) |
| ||||||||||
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Cash and due from banks (including segregated cash and other deposits) |
|
$ |
21,726 |
|
$ |
20,900 |
|
$ |
22,240 |
|
$ |
22,140 |
|
$ |
23,419 |
|
$ |
23,043 |
|
$ |
22,272 |
|
$ |
20,940 |
|
$ |
22,604 |
|
$ |
23,775 |
|
|
Deposits with banks |
|
137,935 |
|
112,197 |
|
136,049 |
|
127,993 |
|
132,571 |
|
137,451 |
|
157,773 |
|
165,142 |
|
163,505 |
|
156,741 |
| ||||||||||
|
Fed funds sold and securities borrd or purch under agree. to resell |
|
231,695 |
|
219,675 |
|
225,093 |
|
228,683 |
|
236,045 |
|
236,813 |
|
242,929 |
|
234,065 |
|
252,608 |
|
232,478 |
| ||||||||||
|
Brokerage receivables |
|
37,875 |
|
27,683 |
|
35,261 |
|
36,851 |
|
36,112 |
|
28,887 |
|
36,888 |
|
40,487 |
|
38,076 |
|
38,384 |
| ||||||||||
|
Trading account assets |
|
260,373 |
|
242,968 |
|
267,598 |
|
265,467 |
|
256,468 |
|
245,979 |
|
245,815 |
|
260,549 |
|
260,151 |
|
252,702 |
| ||||||||||
|
Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Available-for-sale and non-marketable equity securities(2) |
|
308,499 |
|
306,740 |
|
316,362 |
|
320,390 |
|
316,352 |
|
307,637 |
|
297,891 |
|
301,535 |
|
303,147 |
|
298,970 |
| ||||||||||
|
Held-to-maturity |
|
33,940 |
|
36,215 |
|
36,890 |
|
35,903 |
|
38,588 |
|
45,667 |
|
47,820 |
|
50,175 |
|
51,527 |
|
53,320 |
| ||||||||||
|
Total Investments |
|
342,439 |
|
342,955 |
|
353,252 |
|
356,293 |
|
354,940 |
|
353,304 |
|
345,711 |
|
351,710 |
|
354,674 |
|
352,290 |
| ||||||||||
|
Loans, net of unearned income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Consumer |
|
328,922 |
|
325,454 |
|
317,555 |
|
326,082 |
|
328,372 |
|
325,063 |
|
320,556 |
|
325,261 |
|
325,576 |
|
333,656 |
| ||||||||||
|
Corporate |
|
293,522 |
|
292,163 |
|
301,269 |
|
307,433 |
|
310,063 |
|
299,306 |
|
308,039 |
|
319,434 |
|
327,607 |
|
333,378 |
| ||||||||||
|
Loans, net of unearned income |
|
622,444 |
|
617,617 |
|
618,824 |
|
633,515 |
|
638,435 |
|
624,369 |
|
628,595 |
|
644,695 |
|
653,183 |
|
667,034 |
| ||||||||||
|
Allowance for loan losses |
|
(13,626 |
) |
(12,626 |
) |
(12,712 |
) |
(12,304 |
) |
(12,439 |
) |
(12,060 |
) |
(12,030 |
) |
(12,025 |
) |
(12,366 |
) |
(12,355 |
) | ||||||||||
|
Total loans, net |
|
608,818 |
|
604,991 |
|
606,112 |
|
621,211 |
|
625,996 |
|
612,309 |
|
616,565 |
|
632,670 |
|
640,817 |
|
654,679 |
| ||||||||||
|
Goodwill |
|
22,444 |
|
22,349 |
|
22,575 |
|
22,496 |
|
22,539 |
|
21,659 |
|
22,265 |
|
22,349 |
|
22,345 |
|
22,256 |
| ||||||||||
|
Intangible assets (other than MSRs) |
|
3,880 |
|
3,721 |
|
3,493 |
|
5,521 |
|
5,358 |
|
5,114 |
|
5,013 |
|
4,887 |
|
4,732 |
|
4,588 |
| ||||||||||
|
Mortgage servicing rights (MSRs) |
|
1,766 |
|
1,781 |
|
1,524 |
|
1,324 |
|
1,270 |
|
1,564 |
|
567 |
|
560 |
|
553 |
|
558 |
| ||||||||||
|
Other assets |
|
139,405 |
|
131,990 |
|
127,770 |
|
130,792 |
|
123,399 |
|
125,954 |
|
125,681 |
|
130,704 |
|
129,068 |
|
104,014 |
| ||||||||||
|
Assets related to discontinued operations held for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total assets |
|
$ |
1,808,356 |
|
$ |
1,731,210 |
|
$ |
1,800,967 |
|
$ |
1,818,771 |
|
$ |
1,818,117 |
|
$ |
1,792,077 |
|
$ |
1,821,479 |
|
$ |
1,864,063 |
|
$ |
1,889,133 |
|
$ |
1,842,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Non-interest-bearing deposits in U.S. offices |
|
$ |
141,425 |
|
$ |
139,249 |
|
$ |
138,153 |
|
$ |
140,145 |
|
$ |
141,899 |
|
$ |
136,698 |
|
$ |
129,436 |
|
$ |
126,253 |
|
$ |
127,220 |
|
$ |
126,880 |
|
|
Interest-bearing deposits in U.S. offices |
|
267,057 |
|
280,234 |
|
284,969 |
|
295,589 |
|
288,094 |
|
300,972 |
|
310,572 |
|
311,361 |
|
315,556 |
|
318,613 |
| ||||||||||
|
Total U.S. Deposits |
|
408,482 |
|
419,483 |
|
423,122 |
|
435,734 |
|
429,993 |
|
437,670 |
|
440,008 |
|
437,614 |
|
442,776 |
|
445,493 |
| ||||||||||
|
Non-interest-bearing deposits in offices outside the U.S. |
|
73,188 |
|
71,577 |
|
77,865 |
|
76,574 |
|
75,956 |
|
77,616 |
|
79,063 |
|
83,046 |
|
84,178 |
|
87,440 |
| ||||||||||
|
Interest-bearing deposits in offices outside the U.S. |
|
422,573 |
|
416,827 |
|
433,604 |
|
425,544 |
|
434,303 |
|
414,120 |
|
430,919 |
|
438,083 |
|
437,084 |
|
426,889 |
| ||||||||||
|
Total International Deposits |
|
495,761 |
|
488,404 |
|
511,469 |
|
502,118 |
|
510,259 |
|
491,736 |
|
509,982 |
|
521,129 |
|
521,262 |
|
514,329 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total deposits |
|
904,243 |
|
907,887 |
|
934,591 |
|
937,852 |
|
940,252 |
|
929,406 |
|
949,990 |
|
958,743 |
|
964,038 |
|
959,822 |
| ||||||||||
|
Fed funds purch and securities loaned or sold under agree. to repurch. |
|
168,604 |
|
146,496 |
|
157,208 |
|
158,001 |
|
153,124 |
|
141,821 |
|
148,230 |
|
154,780 |
|
161,282 |
|
156,277 |
| ||||||||||
|
Brokerage payables |
|
59,557 |
|
53,722 |
|
58,257 |
|
62,054 |
|
61,921 |
|
57,152 |
|
59,655 |
|
62,947 |
|
63,205 |
|
61,342 |
| ||||||||||
|
Trading account liabilities |
|
127,863 |
|
119,136 |
|
138,303 |
|
139,169 |
|
134,019 |
|
140,545 |
|
145,002 |
|
137,698 |
|
139,530 |
|
125,028 |
| ||||||||||
|
Short-term borrowings |
|
23,715 |
|
21,079 |
|
20,893 |
|
18,408 |
|
29,527 |
|
30,701 |
|
26,127 |
|
36,519 |
|
38,149 |
|
44,452 |
| ||||||||||
|
Long-term debt |
|
213,533 |
|
201,275 |
|
207,835 |
|
207,448 |
|
209,051 |
|
206,178 |
|
208,530 |
|
225,179 |
|
232,673 |
|
236,709 |
| ||||||||||
|
Other liabilities(3) |
|
88,704 |
|
58,523 |
|
55,119 |
|
62,818 |
|
57,533 |
|
60,131 |
|
54,948 |
|
57,090 |
|
61,634 |
|
57,163 |
| ||||||||||
|
Total liabilities |
|
$ |
1,586,219 |
|
$ |
1,508,118 |
|
$ |
1,572,206 |
|
$ |
1,585,750 |
|
$ |
1,585,427 |
|
$ |
1,565,934 |
|
$ |
1,592,482 |
|
$ |
1,632,956 |
|
$ |
1,660,511 |
|
$ |
1,640,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Stockholders equity(2)(4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Preferred stock |
|
$ |
15,218 |
|
$ |
16,718 |
|
$ |
17,753 |
|
$ |
19,253 |
|
$ |
19,253 |
|
$ |
19,253 |
|
$ |
19,253 |
|
$ |
19,253 |
|
$ |
19,253 |
|
$ |
19,253 |
|
|
Common stock |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
|
31 |
| ||||||||||
|
Additional paid-in capital |
|
108,261 |
|
108,288 |
|
107,590 |
|
107,730 |
|
107,875 |
|
108,042 |
|
107,613 |
|
107,798 |
|
107,896 |
|
108,008 |
| ||||||||||
|
Retained earnings(2)(4) |
|
130,921 |
|
133,841 |
|
136,998 |
|
140,527 |
|
143,678 |
|
146,477 |
|
149,071 |
|
152,178 |
|
155,174 |
|
138,425 |
| ||||||||||
|
Treasury stock |
|
(6,326 |
) |
(7,677 |
) |
(8,224 |
) |
(9,538 |
) |
(12,069 |
) |
(16,302 |
) |
(17,579 |
) |
(19,342 |
) |
(24,829 |
) |
(30,309 |
) | ||||||||||
|
Accumulated other comprehensive income (loss)(4) |
|
(27,257 |
) |
(29,344 |
) |
(26,626 |
) |
(26,115 |
) |
(27,193 |
) |
(32,381 |
) |
(30,413 |
) |
(29,899 |
) |
(29,891 |
) |
(34,668 |
) | ||||||||||
|
Total common equity |
|
$ |
205,630 |
|
$ |
205,139 |
|
$ |
209,769 |
|
$ |
212,635 |
|
$ |
212,322 |
|
$ |
205,867 |
|
$ |
208,723 |
|
$ |
210,766 |
|
$ |
208,381 |
|
$ |
181,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total Citigroup stockholders equity |
|
$ |
220,848 |
|
$ |
221,857 |
|
$ |
227,522 |
|
$ |
231,888 |
|
$ |
231,575 |
|
$ |
225,120 |
|
$ |
227,976 |
|
$ |
230,019 |
|
$ |
227,634 |
|
$ |
200,740 |
|
|
Noncontrolling interests |
|
1,289 |
|
1,235 |
|
1,239 |
|
1,133 |
|
1,115 |
|
1,023 |
|
1,021 |
|
1,088 |
|
988 |
|
932 |
| ||||||||||
|
Total equity |
|
222,137 |
|
223,092 |
|
228,761 |
|
233,021 |
|
232,690 |
|
226,143 |
|
228,997 |
|
231,107 |
|
228,622 |
|
201,672 |
| ||||||||||
|
Total liabilities and equity |
|
$ |
1,808,356 |
|
$ |
1,731,210 |
|
$ |
1,800,967 |
|
$ |
1,818,771 |
|
$ |
1,818,117 |
|
$ |
1,792,077 |
|
$ |
1,821,479 |
|
$ |
1,864,063 |
|
$ |
1,889,133 |
|
$ |
1,842,465 |
|
(1) Not used.
(2) See footnote 4 on page 1.
(3) Includes allowance for credit losses for unfunded lending commitments. See page 25 for amounts by period.
(4) See footnote 5 on page 1.
Reclassified to conform to the current periods presentation.
|
SEGMENT DETAIL NET REVENUES (In millions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
5,187 |
|
$ |
5,130 |
|
$ |
4,814 |
|
$ |
4,945 |
|
$ |
4,856 |
|
$ |
4,858 |
|
$ |
5,072 |
|
$ |
5,167 |
|
$ |
5,009 |
|
$ |
4,850 |
|
$ |
4,842 |
|
$ |
4,819 |
|
$ |
4,832 |
|
|
Latin America |
|
1,591 |
|
1,622 |
|
1,598 |
|
1,697 |
|
1,571 |
|
1,634 |
|
1,696 |
|
1,643 |
|
1,428 |
|
1,428 |
|
1,541 |
|
1,359 |
|
1,241 |
| |||||||||||||
|
Asia (1) |
|
2,020 |
|
2,035 |
|
1,933 |
|
1,924 |
|
1,975 |
|
2,027 |
|
2,040 |
|
1,871 |
|
1,827 |
|
1,876 |
|
1,712 |
|
1,666 |
|
1,667 |
| |||||||||||||
|
Total |
|
8,798 |
|
8,787 |
|
8,345 |
|
8,566 |
|
8,402 |
|
8,519 |
|
8,808 |
|
8,681 |
|
8,264 |
|
8,154 |
|
8,095 |
|
7,844 |
|
7,740 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Institutional Clients Group |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
3,758 |
|
3,199 |
|
2,589 |
|
2,399 |
|
3,792 |
|
3,388 |
|
3,436 |
|
2,599 |
|
3,311 |
|
3,375 |
|
3,342 |
|
2,762 |
|
3,039 |
| |||||||||||||
|
EMEA |
|
2,962 |
|
2,843 |
|
2,388 |
|
2,110 |
|
2,784 |
|
2,485 |
|
2,567 |
|
2,109 |
|
3,034 |
|
2,418 |
|
2,227 |
|
2,112 |
|
2,201 |
| |||||||||||||
|
Latin America |
|
1,290 |
|
1,263 |
|
1,169 |
|
1,209 |
|
1,180 |
|
1,187 |
|
1,057 |
|
989 |
|
1,017 |
|
1,019 |
|
1,065 |
|
970 |
|
994 |
| |||||||||||||
|
Asia |
|
2,032 |
|
1,965 |
|
1,659 |
|
1,660 |
|
1,678 |
|
1,634 |
|
1,835 |
|
1,684 |
|
1,845 |
|
1,832 |
|
1,785 |
|
1,624 |
|
1,825 |
| |||||||||||||
|
Total |
|
10,042 |
|
9,270 |
|
7,805 |
|
7,378 |
|
9,434 |
|
8,694 |
|
8,895 |
|
7,381 |
|
9,207 |
|
8,644 |
|
8,419 |
|
7,468 |
|
8,059 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate / Other |
|
1,997 |
|
2,256 |
|
2,332 |
|
2,302 |
|
2,585 |
|
2,498 |
|
2,599 |
|
2,070 |
|
2,577 |
|
2,602 |
|
2,198 |
|
3,551 |
|
1,975 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Citigroup - Net Revenues (Ex-CVA/DVA) (2) |
|
$ |
20,837 |
|
$ |
20,313 |
|
$ |
18,482 |
|
$ |
18,246 |
|
$ |
20,421 |
|
$ |
19,711 |
|
$ |
20,302 |
|
$ |
18,132 |
|
$ |
20,048 |
|
$ |
19,400 |
|
$ |
18,712 |
|
$ |
18,863 |
|
$ |
17,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
CVA/DVA for Periods Prior to 1Q16 (2) |
|
(319 |
) |
477 |
|
(336 |
) |
(164 |
) |
7 |
|
(33 |
) |
(371 |
) |
7 |
|
(73 |
) |
312 |
|
196 |
|
(181 |
) |
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Citigroup - Net Revenues |
|
$ |
20,518 |
|
$ |
20,790 |
|
$ |
18,146 |
|
$ |
18,082 |
|
$ |
20,428 |
|
$ |
19,678 |
|
$ |
19,931 |
|
$ |
18,139 |
|
$ |
19,975 |
|
$ |
19,712 |
|
$ |
18,908 |
|
$ |
18,682 |
|
$ |
17,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
North America |
|
$ |
4,710 |
|
$ |
5,161 |
|
$ |
5,061 |
|
$ |
4,945 |
|
$ |
4,946 |
|
$ |
5,197 |
|
$ |
5,182 |
|
|
$ |
20,076 |
|
$ |
19,953 |
|
$ |
19,520 |
|
$ |
19,764 |
|
$ |
20,270 |
|
|
Latin America |
|
1,247 |
|
1,257 |
|
1,226 |
|
1,167 |
|
1,308 |
|
1,388 |
|
1,359 |
|
|
6,508 |
|
6,544 |
|
5,756 |
|
4,971 |
|
5,222 |
| ||||||||||||
|
Asia (1) |
|
1,743 |
|
1,770 |
|
1,709 |
|
1,734 |
|
1,819 |
|
1,885 |
|
1,908 |
|
|
7,912 |
|
7,913 |
|
7,081 |
|
6,889 |
|
7,346 |
| ||||||||||||
|
Total |
|
7,700 |
|
8,188 |
|
7,996 |
|
7,846 |
|
8,073 |
|
8,470 |
|
8,449 |
|
|
34,496 |
|
34,410 |
|
32,357 |
|
31,624 |
|
32,838 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Institutional Clients Group |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
North America |
|
3,461 |
|
3,253 |
|
3,014 |
|
3,522 |
|
3,646 |
|
3,709 |
|
3,046 |
|
|
11,945 |
|
13,215 |
|
12,790 |
|
12,767 |
|
13,923 |
| ||||||||||||
|
EMEA |
|
2,614 |
|
2,547 |
|
2,650 |
|
2,854 |
|
2,881 |
|
2,703 |
|
2,441 |
|
|
10,303 |
|
9,945 |
|
9,791 |
|
10,012 |
|
10,879 |
| ||||||||||||
|
Latin America |
|
1,065 |
|
1,044 |
|
1,022 |
|
1,169 |
|
1,086 |
|
1,099 |
|
1,031 |
|
|
4,931 |
|
4,413 |
|
4,071 |
|
4,125 |
|
4,385 |
| ||||||||||||
|
Asia |
|
1,736 |
|
1,805 |
|
1,670 |
|
1,774 |
|
1,808 |
|
1,919 |
|
1,786 |
|
|
7,316 |
|
6,831 |
|
7,086 |
|
7,036 |
|
7,287 |
| ||||||||||||
|
Total |
|
8,876 |
|
8,649 |
|
8,356 |
|
9,319 |
|
9,421 |
|
9,430 |
|
8,304 |
|
|
34,495 |
|
34,404 |
|
33,738 |
|
33,940 |
|
36,474 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Corporate / Other |
|
1,210 |
|
1,166 |
|
882 |
|
1,201 |
|
661 |
|
519 |
|
751 |
|
|
8,887 |
|
9,752 |
|
10,928 |
|
5,233 |
|
3,132 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Citigroup - Net Revenues (Ex-CVA/DVA) (2) |
|
$ |
17,786 |
|
$ |
18,003 |
|
$ |
17,234 |
|
$ |
18,366 |
|
$ |
18,155 |
|
$ |
18,419 |
|
$ |
17,504 |
|
|
77,878 |
|
78,566 |
|
77,023 |
|
70,797 |
|
72,444 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
CVA/DVA for Periods Prior to 1Q16 (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(342 |
) |
(390 |
) |
254 |
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Citigroup - Net Revenues |
|
$ |
17,786 |
|
$ |
18,003 |
|
$ |
17,234 |
|
$ |
18,366 |
|
$ |
18,155 |
|
$ |
18,419 |
|
$ |
17,504 |
|
|
$ |
77,536 |
|
$ |
78,176 |
|
$ |
77,277 |
|
$ |
70,797 |
|
$ |
72,444 |
|
(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.
(2) Credit valuation adjustments (CVA) on derivatives (counterparty and own-credit), net of hedges; Funding Valuation Adjustments (FVA) on derivatives; and Debt Valuation Adjustments (DVA) on Citigroups fair value option liabilities (collectively referred to as CVA/DVA). Effective January 1, 2016, Citigroup early adopted on a prospective basis the amendment in ASU No. 2016-01, Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, related to the presentation of DVA on fair value option liabilities. Accordingly, beginning in the first quarter of 2016, the portion of the change in fair value of these liabilities related to changes in Citigroups own credit spreads (DVA) are reflected as a component of Accumulated Other Comprehensive Income (AOCI); previously these amounts were recognized in Citigroups revenues and net income. In the tables above and on pages 5, 15 and 16, results for all periods prior to the first quarter of 2016 exclude the impact of CVA/DVA, as applicable, for consistency with the current periods presentation. Citigroups results of operations excluding the impact of CVA/DVA in such periods are non-GAAP financial measures.
Reclassified to conform to the current periods presentation.
|
SEGMENT DETAIL INCOME (In millions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
Income (Loss) from Continuing Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Global Consumer Banking(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
1,086 |
|
$ |
1,092 |
|
$ |
908 |
|
$ |
880 |
|
$ |
1,036 |
|
$ |
1,094 |
|
$ |
1,205 |
|
$ |
1,157 |
|
$ |
1,122 |
|
$ |
1,056 |
|
$ |
1,049 |
|
$ |
961 |
|
$ |
834 |
|
|
Latin America |
|
320 |
|
271 |
|
212 |
|
316 |
|
222 |
|
207 |
|
285 |
|
244 |
|
207 |
|
181 |
|
298 |
|
142 |
|
146 |
| |||||||||||||
|
Asia (2) |
|
362 |
|
387 |
|
344 |
|
295 |
|
360 |
|
211 |
|
371 |
|
284 |
|
331 |
|
330 |
|
298 |
|
211 |
|
206 |
| |||||||||||||
|
Total |
|
1,768 |
|
1,750 |
|
1,464 |
|
1,491 |
|
1,618 |
|
1,512 |
|
1,861 |
|
1,685 |
|
1,660 |
|
1,567 |
|
1,645 |
|
1,314 |
|
1,186 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Institutional Clients Group (1)(2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
1,301 |
|
854 |
|
577 |
|
471 |
|
1,365 |
|
1,144 |
|
956 |
|
654 |
|
929 |
|
939 |
|
889 |
|
467 |
|
551 |
| |||||||||||||
|
EMEA |
|
775 |
|
876 |
|
516 |
|
422 |
|
762 |
|
564 |
|
659 |
|
241 |
|
996 |
|
577 |
|
370 |
|
194 |
|
369 |
| |||||||||||||
|
Latin America |
|
483 |
|
529 |
|
461 |
|
209 |
|
402 |
|
461 |
|
330 |
|
288 |
|
381 |
|
409 |
|
380 |
|
176 |
|
330 |
| |||||||||||||
|
Asia |
|
693 |
|
618 |
|
421 |
|
478 |
|
481 |
|
448 |
|
631 |
|
514 |
|
643 |
|
630 |
|
535 |
|
423 |
|
619 |
| |||||||||||||
|
Total |
|
3,252 |
|
2,877 |
|
1,975 |
|
1,580 |
|
3,010 |
|
2,617 |
|
2,576 |
|
1,697 |
|
2,949 |
|
2,555 |
|
2,174 |
|
1,260 |
|
1,869 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate / Other (1)(2) |
|
(926 |
) |
(726 |
) |
(30 |
) |
(646 |
) |
(680 |
) |
(3,856 |
) |
(1,293 |
) |
(3,003 |
) |
255 |
|
540 |
|
360 |
|
945 |
|
453 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income (Loss) From Continuing Operations |
|
$ |
4,094 |
|
$ |
3,901 |
|
$ |
3,409 |
|
$ |
2,425 |
|
$ |
3,948 |
|
$ |
273 |
|
$ |
3,144 |
|
$ |
379 |
|
$ |
4,864 |
|
$ |
4,662 |
|
$ |
4,179 |
|
$ |
3,519 |
|
$ |
3,508 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Discontinued Operations |
|
(33 |
) |
30 |
|
92 |
|
181 |
|
37 |
|
(22 |
) |
(16 |
) |
(1 |
) |
(5 |
) |
6 |
|
(10 |
) |
(45 |
) |
(2 |
) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Income Attributable to Noncontrolling Interests |
|
90 |
|
36 |
|
51 |
|
50 |
|
45 |
|
50 |
|
59 |
|
38 |
|
42 |
|
18 |
|
5 |
|
25 |
|
5 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Citigroups Net Income - Ex-CVA/DVA (2) |
|
$ |
3,971 |
|
$ |
3,895 |
|
$ |
3,450 |
|
$ |
2,556 |
|
$ |
3,940 |
|
$ |
201 |
|
$ |
3,069 |
|
$ |
340 |
|
$ |
4,817 |
|
$ |
4,650 |
|
$ |
4,164 |
|
$ |
3,449 |
|
$ |
3,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
CVA/DVA (after-tax) for Periods Prior to 1Q16 (2) |
|
(198 |
) |
293 |
|
(208 |
) |
(100 |
) |
4 |
|
(20 |
) |
(228 |
) |
4 |
|
(47 |
) |
196 |
|
127 |
|
(114 |
) |
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Citigroup - Net Income (Loss) |
|
$ |
3,773 |
|
$ |
4,188 |
|
$ |
3,242 |
|
$ |
2,456 |
|
$ |
3,944 |
|
$ |
181 |
|
$ |
2,841 |
|
$ |
344 |
|
$ |
4,770 |
|
$ |
4,846 |
|
$ |
4,291 |
|
$ |
3,335 |
|
$ |
3,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Assets (in billions of dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
802 |
|
$ |
819 |
|
$ |
823 |
|
$ |
844 |
|
$ |
853 |
|
$ |
845 |
|
$ |
871 |
|
$ |
895 |
|
$ |
891 |
|
$ |
880 |
|
$ |
888 |
|
$ |
896 |
|
$ |
913 |
|
|
EMEA (3) |
|
327 |
|
340 |
|
322 |
|
326 |
|
336 |
|
348 |
|
324 |
|
329 |
|
317 |
|
332 |
|
312 |
|
300 |
|
301 |
| |||||||||||||
|
Latin America |
|
166 |
|
167 |
|
161 |
|
163 |
|
162 |
|
162 |
|
157 |
|
151 |
|
143 |
|
142 |
|
135 |
|
135 |
|
130 |
| |||||||||||||
|
Asia (3) |
|
335 |
|
331 |
|
323 |
|
326 |
|
327 |
|
334 |
|
327 |
|
320 |
|
308 |
|
310 |
|
304 |
|
304 |
|
304 |
| |||||||||||||
|
Corporate / Other |
|
257 |
|
242 |
|
228 |
|
229 |
|
210 |
|
214 |
|
216 |
|
205 |
|
194 |
|
176 |
|
179 |
|
149 |
|
130 |
| |||||||||||||
|
Total |
|
$ |
1,887 |
|
$ |
1,899 |
|
$ |
1,857 |
|
$ |
1,888 |
|
$ |
1,888 |
|
$ |
1,903 |
|
$ |
1,895 |
|
$ |
1,900 |
|
$ |
1,853 |
|
$ |
1,840 |
|
$ |
1,818 |
|
$ |
1,784 |
|
$ |
1,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Return on Average Assets (ROA) on Net Income (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
1.20 |
% |
0.95 |
% |
0.71 |
% |
0.63 |
% |
1.14 |
% |
1.06 |
% |
0.97 |
% |
0.80 |
% |
0.93 |
% |
0.91 |
% |
0.87 |
% |
0.64 |
% |
0.61 |
% | |||||||||||||
|
EMEA (3) |
|
0.92 |
% |
1.00 |
% |
0.62 |
% |
0.50 |
% |
0.90 |
% |
0.62 |
% |
0.78 |
% |
0.27 |
% |
1.24 |
% |
0.69 |
% |
0.47 |
% |
0.24 |
% |
0.48 |
% | |||||||||||||
|
Latin America |
|
1.96 |
% |
1.92 |
% |
1.66 |
% |
1.28 |
% |
1.56 |
% |
1.65 |
% |
1.55 |
% |
1.40 |
% |
1.67 |
% |
1.66 |
% |
1.99 |
% |
0.93 |
% |
1.47 |
% | |||||||||||||
|
Asia (3) |
|
1.27 |
% |
1.21 |
% |
0.93 |
% |
0.94 |
% |
1.04 |
% |
0.79 |
% |
1.21 |
% |
0.99 |
% |
1.29 |
% |
1.24 |
% |
1.08 |
% |
0.82 |
% |
1.09 |
% | |||||||||||||
|
Corporate/Other |
|
(1.57 |
)% |
(1.17 |
)% |
0.06 |
% |
(0.86 |
)% |
(1.26 |
)% |
(7.31 |
)% |
(2.42 |
)% |
(5.82 |
)% |
0.50 |
% |
1.25 |
% |
0.77 |
% |
2.35 |
% |
1.42 |
% | |||||||||||||
|
Total |
|
0.85 |
% |
0.82 |
% |
0.74 |
% |
0.54 |
% |
0.85 |
% |
0.04 |
% |
0.64 |
% |
0.07 |
% |
1.05 |
% |
1.01 |
% |
0.91 |
% |
0.77 |
% |
0.79 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
Income (Loss) from Continuing Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Global Consumer Banking(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
North America |
|
$ |
815 |
|
$ |
780 |
|
$ |
810 |
|
$ |
614 |
|
$ |
657 |
|
$ |
642 |
|
$ |
77 |
|
|
$ |
3,966 |
|
$ |
4,492 |
|
$ |
4,188 |
|
$ |
3,239 |
|
$ |
1,990 |
|
|
Latin America |
|
173 |
|
160 |
|
154 |
|
135 |
|
141 |
|
169 |
|
165 |
|
|
1,119 |
|
958 |
|
828 |
|
633 |
|
610 |
| ||||||||||||
|
Asia (2) |
|
292 |
|
304 |
|
257 |
|
249 |
|
330 |
|
359 |
|
340 |
|
|
1,388 |
|
1,226 |
|
1,170 |
|
1,059 |
|
1,278 |
| ||||||||||||
|
Total |
|
1,280 |
|
1,244 |
|
1,221 |
|
998 |
|
1,128 |
|
1,170 |
|
582 |
|
|
6,473 |
|
6,676 |
|
6,186 |
|
4,931 |
|
3,878 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Institutional Clients Group (1)(2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
North America |
|
1,010 |
|
1,072 |
|
882 |
|
1,077 |
|
1,088 |
|
1,298 |
|
(1,108 |
) |
|
3,203 |
|
4,119 |
|
3,224 |
|
3,515 |
|
2,355 |
| ||||||||||||
|
EMEA |
|
690 |
|
644 |
|
642 |
|
862 |
|
786 |
|
753 |
|
431 |
|
|
2,589 |
|
2,226 |
|
2,137 |
|
2,345 |
|
2,832 |
| ||||||||||||
|
Latin America |
|
392 |
|
389 |
|
343 |
|
482 |
|
341 |
|
388 |
|
333 |
|
|
1,682 |
|
1,481 |
|
1,346 |
|
1,454 |
|
1,544 |
| ||||||||||||
|
Asia |
|
523 |
|
555 |
|
514 |
|
590 |
|
565 |
|
623 |
|
557 |
|
|
2,210 |
|
2,074 |
|
2,231 |
|
2,211 |
|
2,335 |
| ||||||||||||
|
Total |
|
2,615 |
|
2,660 |
|
2,381 |
|
3,011 |
|
2,780 |
|
3,062 |
|
213 |
|
|
9,684 |
|
9,900 |
|
8,938 |
|
9,525 |
|
9,066 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Corporate / Other (1)(2) |
|
152 |
|
(17 |
) |
(11 |
) |
109 |
|
(25 |
) |
(95 |
) |
(19,560 |
) |
|
(2,328 |
) |
(8,832 |
) |
2,100 |
|
577 |
|
(19,571 |
) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income (Loss) From Continuing Operations |
|
$ |
4,047 |
|
$ |
3,887 |
|
$ |
3,591 |
|
$ |
4,118 |
|
$ |
3,883 |
|
$ |
4,137 |
|
$ |
(18,765 |
) |
|
$ |
13,829 |
|
$ |
7,744 |
|
$ |
17,224 |
|
$ |
15,033 |
|
$ |
(6,627 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Discontinued Operations |
|
(23 |
) |
(30 |
) |
(3 |
) |
(18 |
) |
21 |
|
(5 |
) |
(109 |
) |
|
270 |
|
(2 |
) |
(54 |
) |
(58 |
) |
(111 |
) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Income Attributable to Noncontrolling Interests |
|
26 |
|
17 |
|
15 |
|
10 |
|
32 |
|
(1 |
) |
19 |
|
|
227 |
|
192 |
|
90 |
|
63 |
|
60 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Citigroups Net Income - Ex-CVA/DVA (2) |
|
$ |
3,998 |
|
$ |
3,840 |
|
$ |
3,573 |
|
$ |
4,090 |
|
$ |
3,872 |
|
$ |
4,133 |
|
$ |
(18,893 |
) |
|
$ |
13,872 |
|
$ |
7,550 |
|
$ |
17,080 |
|
$ |
14,912 |
|
$ |
(6,798 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
CVA/DVA (after-tax) for Periods Prior to 1Q16 (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(213 |
) |
(240 |
) |
162 |
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Citigroup - Net Income (Loss) |
|
$ |
3,998 |
|
$ |
3,840 |
|
$ |
3,573 |
|
$ |
4,090 |
|
$ |
3,872 |
|
$ |
4,133 |
|
$ |
(18,893 |
) |
|
$ |
13,659 |
|
$ |
7,310 |
|
$ |
17,242 |
|
$ |
14,912 |
|
$ |
(6,798 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Average Assets (in billions of dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
North America |
|
$ |
930 |
|
$ |
950 |
|
$ |
970 |
|
$ |
963 |
|
$ |
982 |
|
$ |
993 |
|
$ |
1,006 |
|
|
$ |
822 |
|
$ |
867 |
|
$ |
888 |
|
$ |
940 |
|
$ |
986 |
|
|
EMEA (3) |
|
313 |
|
317 |
|
308 |
|
318 |
|
335 |
|
329 |
|
334 |
|
|
329 |
|
334 |
|
315 |
|
310 |
|
329 |
| ||||||||||||
|
Latin America |
|
131 |
|
128 |
|
125 |
|
125 |
|
129 |
|
131 |
|
128 |
|
|
164 |
|
158 |
|
139 |
|
129 |
|
128 |
| ||||||||||||
|
Asia (3) |
|
312 |
|
323 |
|
316 |
|
322 |
|
328 |
|
337 |
|
340 |
|
|
329 |
|
327 |
|
307 |
|
314 |
|
332 |
| ||||||||||||
|
Corporate / Other |
|
121 |
|
112 |
|
101 |
|
103 |
|
95 |
|
102 |
|
102 |
|
|
239 |
|
211 |
|
175 |
|
116 |
|
101 |
| ||||||||||||
|
Total |
|
$ |
1,807 |
|
$ |
1,830 |
|
$ |
1,820 |
|
$ |
1,831 |
|
$ |
1,869 |
|
$ |
1,892 |
|
$ |
1,910 |
|
|
$ |
1,883 |
|
$ |
1,897 |
|
$ |
1,824 |
|
$ |
1,809 |
|
$ |
1,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Return on Average Assets (ROA) on Net Income (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
North America |
|
0.79 |
% |
0.77 |
% |
0.70 |
% |
0.71 |
% |
0.71 |
% |
0.78 |
% |
(0.41 |
)% |
|
0.87 |
% |
0.99 |
% |
0.83 |
% |
0.72 |
% |
0.44 |
% | ||||||||||||
|
EMEA (3) |
|
0.87 |
% |
0.79 |
% |
0.81 |
% |
1.08 |
% |
0.93 |
% |
0.89 |
% |
0.50 |
% |
|
0.76 |
% |
0.64 |
% |
0.66 |
% |
0.74 |
% |
0.84 |
% | ||||||||||||
|
Latin America |
|
1.73 |
% |
1.70 |
% |
1.58 |
% |
2.00 |
% |
1.49 |
% |
1.68 |
% |
1.54 |
% |
|
1.71 |
% |
1.54 |
% |
1.56 |
% |
1.61 |
% |
1.68 |
% | ||||||||||||
|
Asia (3) |
|
1.05 |
% |
1.06 |
% |
0.97 |
% |
1.06 |
% |
1.09 |
% |
1.15 |
% |
1.04 |
% |
|
1.09 |
% |
1.00 |
% |
1.11 |
% |
1.04 |
% |
1.09 |
% | ||||||||||||
|
Corporate/Other |
|
0.40 |
% |
(0.15 |
)% |
(0.06 |
)% |
0.38 |
% |
(0.06 |
)% |
(0.32 |
)% |
(76.53 |
)% |
|
(0.90 |
)% |
(4.21 |
)% |
1.15 |
% |
0.45 |
% |
(19.48 |
)% | ||||||||||||
|
Total |
|
0.89 |
% |
0.83 |
% |
0.78 |
% |
0.91 |
% |
0.83 |
% |
0.87 |
% |
(3.92 |
)% |
|
0.74 |
% |
0.40 |
% |
0.94 |
% |
0.82 |
% |
(0.36 |
)% | ||||||||||||
(1) See footnote 1 on page 1.
(2) See footnote 2 on page 4.
(3) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING Page 1 (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Interest Revenue |
|
$ |
6,612 |
|
$ |
6,529 |
|
$ |
6,587 |
|
$ |
6,814 |
|
$ |
6,597 |
|
$ |
6,706 |
|
$ |
6,907 |
|
$ |
6,884 |
|
$ |
6,462 |
|
$ |
6,459 |
|
$ |
6,534 |
|
$ |
6,572 |
|
$ |
6,410 |
|
|
Non-Interest Revenue |
|
2,186 |
|
2,258 |
|
1,758 |
|
1,752 |
|
1,805 |
|
1,813 |
|
1,901 |
|
1,797 |
|
1,802 |
|
1,695 |
|
1,561 |
|
1,272 |
|
1,330 |
| |||||||||||||
|
Total Revenues, Net of Interest Expense |
|
8,798 |
|
8,787 |
|
8,345 |
|
8,566 |
|
8,402 |
|
8,519 |
|
8,808 |
|
8,681 |
|
8,264 |
|
8,154 |
|
8,095 |
|
7,844 |
|
7,740 |
| |||||||||||||
|
Total Operating Expenses |
|
4,648 |
|
4,632 |
|
4,563 |
|
4,689 |
|
4,586 |
|
4,841 |
|
4,673 |
|
4,711 |
|
4,337 |
|
4,371 |
|
4,259 |
|
4,379 |
|
4,440 |
| |||||||||||||
|
Net Credit Losses |
|
1,749 |
|
1,660 |
|
1,570 |
|
1,623 |
|
1,644 |
|
1,651 |
|
1,596 |
|
1,625 |
|
1,490 |
|
1,504 |
|
1,353 |
|
1,405 |
|
1,371 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(352 |
) |
(244 |
) |
(87 |
) |
(13 |
) |
(219 |
) |
(304 |
) |
(351 |
) |
(249 |
) |
(150 |
) |
(98 |
) |
(102 |
) |
(45 |
) |
85 |
| |||||||||||||
|
Provision for Unfunded Lending Commitments |
|
14 |
|
10 |
|
14 |
|
(3 |
) |
(2 |
) |
(5 |
) |
(2 |
) |
(17 |
) |
|
|
(4 |
) |
1 |
|
7 |
|
1 |
| |||||||||||||
|
Provision for Benefits and Claims |
|
53 |
|
34 |
|
39 |
|
40 |
|
40 |
|
26 |
|
38 |
|
40 |
|
28 |
|
22 |
|
28 |
|
30 |
|
28 |
| |||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC) |
|
1,464 |
|
1,460 |
|
1,536 |
|
1,647 |
|
1,463 |
|
1,368 |
|
1,281 |
|
1,399 |
|
1,368 |
|
1,424 |
|
1,280 |
|
1,397 |
|
1,485 |
| |||||||||||||
|
Income from Continuing Operations before Taxes |
|
2,686 |
|
2,695 |
|
2,246 |
|
2,230 |
|
2,353 |
|
2,310 |
|
2,854 |
|
2,571 |
|
2,559 |
|
2,359 |
|
2,556 |
|
2,068 |
|
1,815 |
| |||||||||||||
|
Income Taxes |
|
918 |
|
945 |
|
782 |
|
739 |
|
735 |
|
798 |
|
993 |
|
886 |
|
899 |
|
792 |
|
911 |
|
754 |
|
629 |
| |||||||||||||
|
Income from Continuing Operations |
|
1,768 |
|
1,750 |
|
1,464 |
|
1,491 |
|
1,618 |
|
1,512 |
|
1,861 |
|
1,685 |
|
1,660 |
|
1,567 |
|
1,645 |
|
1,314 |
|
1,186 |
| |||||||||||||
|
Noncontrolling Interests |
|
5 |
|
5 |
|
5 |
|
1 |
|
7 |
|
7 |
|
7 |
|
3 |
|
(4 |
) |
5 |
|
8 |
|
1 |
|
2 |
| |||||||||||||
|
Net Income |
|
$ |
1,763 |
|
$ |
1,745 |
|
$ |
1,459 |
|
$ |
1,490 |
|
$ |
1,611 |
|
$ |
1,505 |
|
$ |
1,854 |
|
$ |
1,682 |
|
$ |
1,664 |
|
$ |
1,562 |
|
$ |
1,637 |
|
$ |
1,313 |
|
$ |
1,184 |
|
|
EOP Assets (in billions of dollars) |
|
$ |
388 |
|
$ |
378 |
|
$ |
388 |
|
$ |
394 |
|
$ |
391 |
|
$ |
399 |
|
$ |
395 |
|
$ |
392 |
|
$ |
373 |
|
$ |
381 |
|
$ |
375 |
|
$ |
380 |
|
$ |
383 |
|
|
Average Assets (in billions of dollars) |
|
$ |
384 |
|
$ |
377 |
|
$ |
376 |
|
$ |
387 |
|
$ |
390 |
|
$ |
393 |
|
$ |
395 |
|
$ |
391 |
|
$ |
379 |
|
$ |
379 |
|
$ |
374 |
|
$ |
377 |
|
$ |
376 |
|
|
Return on Average Assets (ROA) |
|
1.86 |
% |
1.86 |
% |
1.54 |
% |
1.53 |
% |
1.68 |
% |
1.54 |
% |
1.86 |
% |
1.71 |
% |
1.78 |
% |
1.65 |
% |
1.74 |
% |
1.38 |
% |
1.27 |
% | |||||||||||||
|
Efficiency Ratio |
|
53 |
% |
53 |
% |
55 |
% |
55 |
% |
55 |
% |
57 |
% |
53 |
% |
54 |
% |
52 |
% |
54 |
% |
53 |
% |
56 |
% |
57 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
2.63 |
% |
2.52 |
% |
2.33 |
% |
2.32 |
% |
2.40 |
% |
2.36 |
% |
2.25 |
% |
2.30 |
% |
2.21 |
% |
2.22 |
% |
1.99 |
% |
2.05 |
% |
2.04 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
3,985 |
|
$ |
4,001 |
|
$ |
3,429 |
|
$ |
3,428 |
|
$ |
3,497 |
|
$ |
3,579 |
|
$ |
3,685 |
|
$ |
3,668 |
|
$ |
3,502 |
|
$ |
3,503 |
|
$ |
3,479 |
|
$ |
3,250 |
|
$ |
3,205 |
|
|
Cards (2) |
|
4,813 |
|
4,786 |
|
4,916 |
|
5,138 |
|
4,905 |
|
4,940 |
|
5,123 |
|
5,013 |
|
4,762 |
|
4,651 |
|
4,616 |
|
4,594 |
|
4,535 |
| |||||||||||||
|
Total |
|
$ |
8,798 |
|
$ |
8,787 |
|
$ |
8,345 |
|
$ |
8,566 |
|
$ |
8,402 |
|
$ |
8,519 |
|
$ |
8,808 |
|
$ |
8,681 |
|
$ |
8,264 |
|
$ |
8,154 |
|
$ |
8,095 |
|
$ |
7,844 |
|
$ |
7,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
251 |
|
$ |
242 |
|
$ |
249 |
|
$ |
279 |
|
$ |
271 |
|
$ |
281 |
|
$ |
276 |
|
$ |
332 |
|
$ |
256 |
|
$ |
261 |
|
$ |
246 |
|
$ |
295 |
|
$ |
221 |
|
|
Cards (2) |
|
1,498 |
|
1,418 |
|
1,321 |
|
1,344 |
|
1,373 |
|
1,370 |
|
1,320 |
|
1,293 |
|
1,234 |
|
1,243 |
|
1,107 |
|
1,110 |
|
1,150 |
| |||||||||||||
|
Total |
|
$ |
1,749 |
|
$ |
1,660 |
|
$ |
1,570 |
|
$ |
1,623 |
|
$ |
1,644 |
|
$ |
1,651 |
|
$ |
1,596 |
|
$ |
1,625 |
|
$ |
1,490 |
|
$ |
1,504 |
|
$ |
1,353 |
|
$ |
1,405 |
|
$ |
1,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income from Continuing Operations by Business (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
664 |
|
$ |
626 |
|
$ |
254 |
|
$ |
326 |
|
$ |
383 |
|
$ |
329 |
|
$ |
530 |
|
$ |
473 |
|
$ |
531 |
|
$ |
509 |
|
$ |
534 |
|
$ |
271 |
|
$ |
289 |
|
|
Cards (2) |
|
1,104 |
|
1,124 |
|
1,210 |
|
1,165 |
|
1,235 |
|
1,183 |
|
1,331 |
|
1,212 |
|
1,129 |
|
1,058 |
|
1,111 |
|
1,043 |
|
897 |
| |||||||||||||
|
Total |
|
$ |
1,768 |
|
$ |
1,750 |
|
$ |
1,464 |
|
$ |
1,491 |
|
$ |
1,618 |
|
$ |
1,512 |
|
$ |
1,861 |
|
$ |
1,685 |
|
$ |
1,660 |
|
$ |
1,567 |
|
$ |
1,645 |
|
$ |
1,314 |
|
$ |
1,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Foreign Currency (FX) Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Revenue - as Reported |
|
$ |
8,798 |
|
$ |
8,787 |
|
$ |
8,345 |
|
$ |
8,566 |
|
$ |
8,402 |
|
$ |
8,519 |
|
$ |
8,808 |
|
$ |
8,681 |
|
$ |
8,264 |
|
$ |
8,154 |
|
$ |
8,095 |
|
$ |
7,844 |
|
$ |
7,740 |
|
|
Impact of FX Translation (4) |
|
(758 |
) |
(723 |
) |
(643 |
) |
(686 |
) |
(611 |
) |
(685 |
) |
(655 |
) |
(504 |
) |
(318 |
) |
(343 |
) |
(157 |
) |
(117 |
) |
(26 |
) | |||||||||||||
|
Total Revenues - Ex-FX (4) |
|
$ |
8,040 |
|
$ |
8,064 |
|
$ |
7,702 |
|
$ |
7,880 |
|
$ |
7,791 |
|
$ |
7,834 |
|
$ |
8,153 |
|
$ |
8,177 |
|
$ |
7,946 |
|
$ |
7,811 |
|
$ |
7,938 |
|
$ |
7,727 |
|
$ |
7,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Operating Expenses - as Reported |
|
$ |
4,648 |
|
$ |
4,632 |
|
$ |
4,563 |
|
$ |
4,689 |
|
$ |
4,586 |
|
$ |
4,841 |
|
$ |
4,673 |
|
$ |
4,711 |
|
$ |
4,337 |
|
$ |
4,371 |
|
$ |
4,259 |
|
$ |
4,379 |
|
$ |
4,440 |
|
|
Impact of FX Translation (4) |
|
(378 |
) |
(373 |
) |
(303 |
) |
(346 |
) |
(336 |
) |
(391 |
) |
(357 |
) |
(275 |
) |
(138 |
) |
(147 |
) |
(54 |
) |
(42 |
) |
9 |
| |||||||||||||
|
Total Operating Expenses - Ex-FX (4) |
|
$ |
4,270 |
|
$ |
4,259 |
|
$ |
4,260 |
|
$ |
4,343 |
|
$ |
4,250 |
|
$ |
4,450 |
|
$ |
4,316 |
|
$ |
4,436 |
|
$ |
4,199 |
|
$ |
4,224 |
|
$ |
4,205 |
|
$ |
4,337 |
|
$ |
4,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Provisions for LLR & PBC - as Reported |
|
$ |
1,464 |
|
$ |
1,460 |
|
$ |
1,536 |
|
$ |
1,647 |
|
$ |
1,463 |
|
$ |
1,368 |
|
$ |
1,281 |
|
$ |
1,399 |
|
$ |
1,368 |
|
$ |
1,424 |
|
$ |
1,280 |
|
$ |
1,397 |
|
$ |
1,485 |
|
|
Impact of FX Translation (4) |
|
(157 |
) |
(155 |
) |
(165 |
) |
(147 |
) |
(149 |
) |
(185 |
) |
(154 |
) |
(128 |
) |
(81 |
) |
(72 |
) |
(42 |
) |
(34 |
) |
(17 |
) | |||||||||||||
|
Total Provisions for LLR & PBC - Ex-FX (4) |
|
$ |
1,307 |
|
$ |
1,305 |
|
$ |
1,371 |
|
$ |
1,500 |
|
$ |
1,314 |
|
$ |
1,183 |
|
$ |
1,127 |
|
$ |
1,271 |
|
$ |
1,287 |
|
$ |
1,352 |
|
$ |
1,238 |
|
$ |
1,363 |
|
$ |
1,468 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Income - as Reported |
|
$ |
1,763 |
|
$ |
1,745 |
|
$ |
1,459 |
|
$ |
1,490 |
|
$ |
1,611 |
|
$ |
1,505 |
|
$ |
1,854 |
|
$ |
1,682 |
|
$ |
1,664 |
|
$ |
1,562 |
|
$ |
1,637 |
|
$ |
1,313 |
|
$ |
1,184 |
|
|
Impact of FX Translation (4) |
|
(141 |
) |
(118 |
) |
(111 |
) |
(124 |
) |
(84 |
) |
(79 |
) |
(96 |
) |
(106 |
) |
(79 |
) |
(92 |
) |
(48 |
) |
(33 |
) |
(12 |
) | |||||||||||||
|
Net Income - Ex-FX (4) |
|
$ |
1,622 |
|
$ |
1,627 |
|
$ |
1,348 |
|
$ |
1,366 |
|
$ |
1,527 |
|
$ |
1,426 |
|
$ |
1,758 |
|
$ |
1,576 |
|
$ |
1,585 |
|
$ |
1,470 |
|
$ |
1,589 |
|
$ |
1,280 |
|
$ |
1,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017(1) |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Interest Revenue |
|
$ |
6,360 |
|
$ |
6,756 |
|
$ |
6,706 |
|
$ |
6,579 |
|
$ |
6,760 |
|
$ |
7,071 |
|
$ |
7,015 |
|
|
$ |
26,542 |
|
$ |
27,094 |
|
$ |
26,027 |
|
$ |
26,232 |
|
$ |
27,425 |
|
|
Non-Interest Revenue |
|
1,340 |
|
1,432 |
|
1,290 |
|
1,267 |
|
1,313 |
|
1,399 |
|
1,434 |
|
|
7,954 |
|
7,316 |
|
6,330 |
|
5,392 |
|
5,413 |
| ||||||||||||
|
Total Revenues, Net of Interest Expense |
|
7,700 |
|
8,188 |
|
7,996 |
|
7,846 |
|
8,073 |
|
8,470 |
|
8,449 |
|
|
34,496 |
|
34,410 |
|
32,357 |
|
31,624 |
|
32,838 |
| ||||||||||||
|
Total Operating Expenses |
|
4,332 |
|
4,464 |
|
4,391 |
|
4,451 |
|
4,537 |
|
4,452 |
|
4,563 |
|
|
18,532 |
|
18,811 |
|
17,346 |
|
17,627 |
|
18,003 |
| ||||||||||||
|
Net Credit Losses |
|
1,374 |
|
1,349 |
|
1,516 |
|
1,603 |
|
1,615 |
|
1,704 |
|
1,640 |
|
|
6,602 |
|
6,516 |
|
5,752 |
|
5,610 |
|
6,562 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
23 |
|
436 |
|
164 |
|
177 |
|
125 |
|
486 |
|
177 |
|
|
(696 |
) |
(1,123 |
) |
(395 |
) |
708 |
|
965 |
| ||||||||||||
|
Provision for Unfunded Lending Commitments |
|
8 |
|
(3 |
) |
(3 |
) |
6 |
|
(1 |
) |
(5 |
) |
(2 |
) |
|
35 |
|
(26 |
) |
4 |
|
3 |
|
(2 |
) | ||||||||||||
|
Provision for Benefits and Claims |
|
20 |
|
26 |
|
32 |
|
29 |
|
23 |
|
28 |
|
36 |
|
|
166 |
|
144 |
|
108 |
|
106 |
|
116 |
| ||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC) |
|
1,425 |
|
1,808 |
|
1,709 |
|
1,815 |
|
1,762 |
|
2,213 |
|
1,851 |
|
|
6,107 |
|
5,511 |
|
5,469 |
|
6,427 |
|
7,641 |
| ||||||||||||
|
Income from Continuing Operations before Taxes |
|
1,943 |
|
1,916 |
|
1,896 |
|
1,580 |
|
1,774 |
|
1,805 |
|
2,035 |
|
|
9,857 |
|
10,088 |
|
9,542 |
|
7,570 |
|
7,194 |
| ||||||||||||
|
Income Taxes |
|
663 |
|
672 |
|
675 |
|
582 |
|
646 |
|
635 |
|
1,453 |
|
|
3,384 |
|
3,412 |
|
3,356 |
|
2,639 |
|
3,316 |
| ||||||||||||
|
Income from Continuing Operations |
|
1,280 |
|
1,244 |
|
1,221 |
|
998 |
|
1,128 |
|
1,170 |
|
582 |
|
|
6,473 |
|
6,676 |
|
6,186 |
|
4,931 |
|
3,878 |
| ||||||||||||
|
Noncontrolling Interests |
|
1 |
|
3 |
|
1 |
|
1 |
|
4 |
|
2 |
|
2 |
|
|
16 |
|
24 |
|
10 |
|
7 |
|
9 |
| ||||||||||||
|
Net Income |
|
$ |
1,279 |
|
$ |
1,241 |
|
$ |
1,220 |
|
$ |
997 |
|
$ |
1,124 |
|
$ |
1,168 |
|
$ |
580 |
|
|
$ |
6,457 |
|
$ |
6,652 |
|
$ |
6,176 |
|
$ |
4,924 |
|
$ |
3,869 |
|
|
EOP Assets (in billions of dollars) |
|
$ |
399 |
|
$ |
410 |
|
$ |
411 |
|
$ |
411 |
|
$ |
418 |
|
$ |
419 |
|
$ |
428 |
|
|
$ |
387 |
|
$ |
394 |
|
$ |
380 |
|
$ |
411 |
|
$ |
428 |
|
|
Average Assets (in billions of dollars) |
|
$ |
386 |
|
$ |
408 |
|
$ |
409 |
|
$ |
410 |
|
$ |
414 |
|
$ |
421 |
|
$ |
423 |
|
|
$ |
381 |
|
$ |
392 |
|
$ |
377 |
|
$ |
395 |
|
$ |
417 |
|
|
Return on Average Assets (ROA) |
|
1.33 |
% |
1.21 |
% |
1.19 |
% |
0.99 |
% |
1.09 |
% |
1.10 |
% |
0.54 |
% |
|
1.69 |
% |
1.70 |
% |
1.64 |
% |
1.25 |
% |
0.93 |
% | ||||||||||||
|
Efficiency Ratio |
|
56 |
% |
55 |
% |
55 |
% |
57 |
% |
56 |
% |
53 |
% |
54 |
% |
|
54 |
% |
55 |
% |
54 |
% |
56 |
% |
55 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
2.02 |
% |
1.87 |
% |
2.10 |
% |
2.24 |
% |
2.20 |
% |
2.26 |
% |
2.15 |
% |
|
2.45 |
% |
2.33 |
% |
2.12 |
% |
2.01 |
% |
2.21 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
3,260 |
|
$ |
3,347 |
|
$ |
3,178 |
|
$ |
3,175 |
|
$ |
3,328 |
|
$ |
3,521 |
|
$ |
3,458 |
|
|
$ |
14,843 |
|
$ |
14,429 |
|
$ |
13,734 |
|
$ |
12,990 |
|
$ |
13,482 |
|
|
Cards (2) |
|
4,440 |
|
4,841 |
|
4,818 |
|
4,671 |
|
4,745 |
|
4,949 |
|
4,991 |
|
|
19,653 |
|
19,981 |
|
18,623 |
|
18,634 |
|
19,356 |
| ||||||||||||
|
Total |
|
$ |
7,700 |
|
$ |
8,188 |
|
$ |
7,996 |
|
$ |
7,846 |
|
$ |
8,073 |
|
$ |
8,470 |
|
$ |
8,449 |
|
|
$ |
34,496 |
|
$ |
34,410 |
|
$ |
32,357 |
|
$ |
31,624 |
|
$ |
32,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
243 |
|
$ |
257 |
|
$ |
286 |
|
$ |
236 |
|
$ |
244 |
|
$ |
300 |
|
$ |
243 |
|
|
$ |
1,021 |
|
$ |
1,160 |
|
$ |
1,058 |
|
$ |
1,007 |
|
$ |
1,023 |
|
|
Cards (2) |
|
1,131 |
|
1,092 |
|
1,230 |
|
1,367 |
|
1,371 |
|
1,404 |
|
1,397 |
|
|
5,581 |
|
5,356 |
|
4,694 |
|
4,603 |
|
5,539 |
| ||||||||||||
|
Total |
|
$ |
1,374 |
|
$ |
1,349 |
|
$ |
1,516 |
|
$ |
1,603 |
|
$ |
1,615 |
|
$ |
1,704 |
|
$ |
1,640 |
|
|
$ |
6,602 |
|
$ |
6,516 |
|
$ |
5,752 |
|
$ |
5,610 |
|
$ |
6,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income from Continuing Operations by Business (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
466 |
|
$ |
454 |
|
$ |
329 |
|
$ |
333 |
|
$ |
419 |
|
$ |
546 |
|
$ |
358 |
|
|
$ |
1,870 |
|
$ |
1,715 |
|
$ |
1,845 |
|
$ |
1,538 |
|
$ |
1,656 |
|
|
Cards (2) |
|
814 |
|
790 |
|
892 |
|
665 |
|
709 |
|
624 |
|
224 |
|
|
4,603 |
|
4,961 |
|
4,341 |
|
3,393 |
|
2,222 |
| ||||||||||||
|
Total |
|
$ |
1,280 |
|
$ |
1,244 |
|
$ |
1,221 |
|
$ |
998 |
|
$ |
1,128 |
|
$ |
1,170 |
|
$ |
582 |
|
|
$ |
6,473 |
|
$ |
6,676 |
|
$ |
6,186 |
|
$ |
4,931 |
|
$ |
3,878 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Foreign Currency (FX) Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Revenue - as Reported |
|
$ |
7,700 |
|
$ |
8,188 |
|
$ |
7,996 |
|
$ |
7,846 |
|
$ |
8,073 |
|
$ |
8,470 |
|
$ |
8,449 |
|
|
$ |
34,496 |
|
$ |
34,410 |
|
$ |
32,357 |
|
$ |
31,624 |
|
$ |
32,838 |
|
|
Impact of FX Translation (4) |
|
(36 |
) |
17 |
|
109 |
|
77 |
|
(14 |
) |
(78 |
) |
|
|
|
(2,818 |
) |
(2,461 |
) |
(930 |
) |
67 |
|
|
| ||||||||||||
|
Total Revenues - Ex-FX (4) |
|
$ |
7,664 |
|
$ |
8,205 |
|
$ |
8,105 |
|
$ |
7,923 |
|
$ |
8,059 |
|
$ |
8,392 |
|
$ |
8,449 |
|
|
$ |
31,678 |
|
$ |
31,949 |
|
$ |
31,427 |
|
$ |
31,691 |
|
$ |
32,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Operating Expenses - as Reported |
|
$ |
4,332 |
|
$ |
4,464 |
|
$ |
4,391 |
|
$ |
4,451 |
|
$ |
4,537 |
|
$ |
4,452 |
|
$ |
4,563 |
|
|
$ |
18,532 |
|
$ |
18,811 |
|
$ |
17,346 |
|
$ |
17,627 |
|
$ |
18,003 |
|
|
Impact of FX Translation (4) |
|
(8 |
) |
15 |
|
70 |
|
49 |
|
|
|
(31 |
) |
|
|
|
(1,426 |
) |
(1,389 |
) |
(408 |
) |
57 |
|
|
| ||||||||||||
|
Total Operating Expenses - Ex-FX (4) |
|
$ |
4,324 |
|
$ |
4,479 |
|
$ |
4,461 |
|
$ |
4,500 |
|
$ |
4,537 |
|
$ |
4,421 |
|
$ |
4,563 |
|
|
$ |
17,106 |
|
$ |
17,422 |
|
$ |
16,938 |
|
$ |
17,684 |
|
$ |
18,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Provisions for LLR & PBC - as Reported |
|
$ |
1,425 |
|
$ |
1,808 |
|
$ |
1,709 |
|
$ |
1,815 |
|
$ |
1,762 |
|
$ |
2,213 |
|
$ |
1,851 |
|
|
$ |
6,107 |
|
$ |
5,511 |
|
$ |
5,469 |
|
$ |
6,427 |
|
$ |
7,641 |
|
|
Impact of FX Translation (4) |
|
(14 |
) |
(1 |
) |
21 |
|
14 |
|
(8 |
) |
(22 |
) |
|
|
|
(618 |
) |
(606 |
) |
(214 |
) |
(1 |
) |
|
| ||||||||||||
|
Total Provisions for LLR & PBC - Ex-FX (4) |
|
$ |
1,411 |
|
$ |
1,807 |
|
$ |
1,730 |
|
$ |
1,829 |
|
$ |
1,754 |
|
$ |
2,191 |
|
$ |
1,851 |
|
|
$ |
5,489 |
|
$ |
4,905 |
|
$ |
5,255 |
|
$ |
6,426 |
|
$ |
7,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Income - as Reported |
|
$ |
1,279 |
|
$ |
1,241 |
|
$ |
1,220 |
|
$ |
997 |
|
$ |
1,124 |
|
$ |
1,168 |
|
$ |
580 |
|
|
$ |
6,457 |
|
$ |
6,652 |
|
$ |
6,176 |
|
$ |
4,924 |
|
$ |
3,869 |
|
|
Impact of FX Translation (4) |
|
(12 |
) |
2 |
|
13 |
|
9 |
|
(2 |
) |
(14 |
) |
|
|
|
(483 |
) |
(347 |
) |
(237 |
) |
8 |
|
|
| ||||||||||||
|
Net Income - Ex-FX (4) |
|
$ |
1,267 |
|
$ |
1,243 |
|
$ |
1,233 |
|
$ |
1,006 |
|
$ |
1,122 |
|
$ |
1,154 |
|
$ |
580 |
|
|
$ |
5,974 |
|
$ |
6,305 |
|
$ |
5,939 |
|
$ |
4,932 |
|
$ |
3,869 |
|
(1) See footnote 1 on page 1.
(2) Includes both Citi-Branded Cards and Citi Retail Services.
(3) The $750 million increase in Income Taxes related to Tax Reform is reflected in Retail Banking ($105 million) and Cards ($645 million).
(4) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the fourth quarter of 2017 and full year 2017 average exchange rates for all periods presented.
Citigroups results of operations excluding the impact of FX translation are non-GAAP financial measures.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING Page 2
|
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
| ||||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
|
2016 |
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Branches (actual) |
|
3,326 |
|
3,324 |
|
3,283 |
|
3,259 |
|
3,150 |
|
3,047 |
|
3,028 |
|
2,888 |
|
2,786 |
|
2,774 |
|
2,764 |
|
2,754 |
|
2,670 |
|
2,650 |
| ||||||||||||||
|
Accounts (in millions) |
|
57.0 |
|
57.1 |
|
56.9 |
|
56.9 |
|
56.5 |
|
56.8 |
|
56.1 |
|
55.4 |
|
54.3 |
|
54.4 |
|
54.6 |
|
54.4 |
|
54.4 |
|
54.4 |
| ||||||||||||||
|
Average Deposits |
|
$ |
294.6 |
|
$ |
291.8 |
|
$ |
289.5 |
|
$ |
295.8 |
|
$ |
296.5 |
|
$ |
301.0 |
|
$ |
300.2 |
|
$ |
296.8 |
|
$ |
296.6 |
|
$ |
296.5 |
|
$ |
293.5 |
|
$ |
293.8 |
|
$ |
293.9 |
|
$ |
297.4 |
|
|
Investment Sales |
|
$ |
25.9 |
|
$ |
26.0 |
|
$ |
21.7 |
|
$ |
21.5 |
|
$ |
25.6 |
|
$ |
25.3 |
|
$ |
28.4 |
|
$ |
23.0 |
|
$ |
25.8 |
|
$ |
25.8 |
|
$ |
19.9 |
|
$ |
17.5 |
|
$ |
16.6 |
|
$ |
19.1 |
|
|
Investment Assets under Management (AUMs) |
|
$ |
137.6 |
|
$ |
131.6 |
|
$ |
136.3 |
|
$ |
141.6 |
|
$ |
145.1 |
|
$ |
151.7 |
|
$ |
150.6 |
|
$ |
147.3 |
|
$ |
147.8 |
|
$ |
148.5 |
|
$ |
138.9 |
|
$ |
140.3 |
|
$ |
139.8 |
|
$ |
139.9 |
|
|
Average Loans |
|
$ |
135.6 |
|
$ |
133.5 |
|
$ |
135.3 |
|
$ |
139.2 |
|
$ |
140.7 |
|
$ |
144.9 |
|
$ |
146.2 |
|
$ |
145.0 |
|
$ |
141.0 |
|
$ |
142.4 |
|
$ |
139.8 |
|
$ |
140.8 |
|
$ |
139.6 |
|
$ |
141.1 |
|
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Mortgages |
|
$ |
75.3 |
|
$ |
72.7 |
|
$ |
75.2 |
|
$ |
76.9 |
|
$ |
78.5 |
|
$ |
80.9 |
|
$ |
81.3 |
|
$ |
79.4 |
|
$ |
79.3 |
|
$ |
80.1 |
|
$ |
79.0 |
|
$ |
80.2 |
|
$ |
82.2 |
|
$ |
81.6 |
|
|
Commercial Banking |
|
34.4 |
|
34.8 |
|
34.7 |
|
35.7 |
|
35.8 |
|
36.4 |
|
35.6 |
|
33.7 |
|
33.0 |
|
33.4 |
|
32.0 |
|
31.9 |
|
32.1 |
|
32.6 |
| ||||||||||||||
|
Personal and Other |
|
26.7 |
|
26.2 |
|
26.4 |
|
27.5 |
|
28.3 |
|
29.2 |
|
29.0 |
|
28.3 |
|
28.4 |
|
28.9 |
|
28.1 |
|
28.2 |
|
27.7 |
|
27.2 |
| ||||||||||||||
|
EOP Loans |
|
$ |
136.4 |
|
$ |
133.7 |
|
$ |
136.3 |
|
$ |
140.1 |
|
$ |
142.6 |
|
$ |
146.5 |
|
$ |
145.9 |
|
$ |
141.4 |
|
$ |
140.7 |
|
$ |
142.4 |
|
$ |
139.1 |
|
$ |
140.3 |
|
$ |
142.0 |
|
$ |
141.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Net Interest Revenue (in millions) (1) |
|
$ |
2,369 |
|
$ |
2,326 |
|
$ |
2,246 |
|
$ |
2,244 |
|
$ |
2,173 |
|
$ |
2,266 |
|
$ |
2,320 |
|
$ |
2,310 |
|
$ |
2,119 |
|
$ |
2,176 |
|
$ |
2,157 |
|
$ |
2,173 |
|
$ |
2,173 |
|
$ |
2,161 |
|
|
As a % of Average Loans |
|
7.09 |
% |
6.99 |
% |
6.59 |
% |
6.40 |
% |
6.26 |
% |
6.27 |
% |
6.30 |
% |
6.32 |
% |
6.09 |
% |
6.13 |
% |
6.12 |
% |
6.12 |
% |
6.26 |
% |
6.16 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Net Credit Losses (in millions) |
|
$ |
251 |
|
$ |
242 |
|
$ |
249 |
|
$ |
279 |
|
$ |
271 |
|
$ |
281 |
|
$ |
276 |
|
$ |
332 |
|
$ |
256 |
|
$ |
261 |
|
$ |
246 |
|
$ |
295 |
|
$ |
221 |
|
$ |
243 |
|
|
As a % of Average Loans |
|
0.75 |
% |
0.73 |
% |
0.73 |
% |
0.80 |
% |
0.78 |
% |
0.78 |
% |
0.75 |
% |
0.91 |
% |
0.74 |
% |
0.74 |
% |
0.70 |
% |
0.83 |
% |
0.64 |
% |
0.69 |
% | ||||||||||||||
|
Loans 90+ Days Past Due (in millions) (2) |
|
$ |
742 |
|
$ |
710 |
|
$ |
745 |
|
$ |
840 |
|
$ |
890 |
|
$ |
904 |
|
$ |
868 |
|
$ |
736 |
|
$ |
540 |
|
$ |
567 |
|
$ |
529 |
|
$ |
523 |
|
$ |
498 |
|
$ |
515 |
|
|
As a % of EOP Loans |
|
0.55 |
% |
0.54 |
% |
0.55 |
% |
0.60 |
% |
0.63 |
% |
0.62 |
% |
0.60 |
% |
0.52 |
% |
0.39 |
% |
0.40 |
% |
0.38 |
% |
0.38 |
% |
0.35 |
% |
0.37 |
% | ||||||||||||||
|
Loans 30-89 Days Past Due (in millions) (2) |
|
$ |
1,003 |
|
$ |
906 |
|
$ |
941 |
|
$ |
893 |
|
$ |
839 |
|
$ |
883 |
|
$ |
840 |
|
$ |
794 |
|
$ |
791 |
|
$ |
746 |
|
$ |
764 |
|
$ |
739 |
|
$ |
793 |
|
$ |
735 |
|
|
As a % of EOP Loans |
|
0.74 |
% |
0.68 |
% |
0.70 |
% |
0.64 |
% |
0.59 |
% |
0.61 |
% |
0.58 |
% |
0.57 |
% |
0.57 |
% |
0.53 |
% |
0.55 |
% |
0.53 |
% |
0.56 |
% |
0.52 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Cards Key Indicators (in millions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
EOP Open Accounts (in millions) |
|
126.7 |
|
125.6 |
|
138.7 |
|
139.1 |
|
137.1 |
|
137.6 |
|
135.4 |
|
136.3 |
|
135.6 |
|
135.9 |
|
135.6 |
|
135.9 |
|
134.1 |
|
143.0 |
| ||||||||||||||
|
Purchase Sales (in billions) |
|
$ |
77.5 |
|
$ |
85.0 |
|
$ |
83.8 |
|
$ |
92.6 |
|
$ |
79.6 |
|
$ |
89.2 |
|
$ |
88.1 |
|
$ |
94.0 |
|
$ |
80.1 |
|
$ |
89.7 |
|
$ |
88.6 |
|
$ |
96.2 |
|
$ |
84.6 |
|
$ |
95.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Average Loans (in billions) (3) |
|
$ |
133.6 |
|
$ |
130.9 |
|
$ |
131.7 |
|
$ |
138.2 |
|
$ |
137.2 |
|
$ |
135.4 |
|
$ |
135.5 |
|
$ |
135.3 |
|
$ |
132.4 |
|
$ |
129.9 |
|
$ |
129.7 |
|
$ |
131.5 |
|
$ |
131.3 |
|
$ |
131.9 |
|
|
EOP Loans (in billions) (3) |
|
$ |
131.7 |
|
$ |
131.8 |
|
$ |
137.7 |
|
$ |
143.5 |
|
$ |
135.1 |
|
$ |
137.4 |
|
$ |
135.7 |
|
$ |
139.3 |
|
$ |
129.8 |
|
$ |
131.7 |
|
$ |
130.3 |
|
$ |
136.3 |
|
$ |
130.3 |
|
$ |
143.4 |
|
|
Average Yield (4) |
|
13.69 |
% |
13.50 |
% |
13.47 |
% |
13.37 |
% |
13.48 |
% |
13.51 |
% |
13.58 |
% |
13.52 |
% |
13.53 |
% |
13.45 |
% |
13.44 |
% |
13.30 |
% |
13.34 |
% |
13.17 |
% | ||||||||||||||
|
Total Net Interest Revenue (5) |
|
$ |
4,243 |
|
$ |
4,203 |
|
$ |
4,341 |
|
$ |
4,570 |
|
$ |
4,424 |
|
$ |
4,440 |
|
$ |
4,587 |
|
$ |
4,574 |
|
$ |
4,343 |
|
$ |
4,283 |
|
$ |
4,377 |
|
$ |
4,399 |
|
$ |
4,237 |
|
$ |
4,199 |
|
|
As a % of Average Loans (5) |
|
12.88 |
% |
12.88 |
% |
13.08 |
% |
13.12 |
% |
13.08 |
% |
13.15 |
% |
13.43 |
% |
13.41 |
% |
13.30 |
% |
13.22 |
% |
13.39 |
% |
13.27 |
% |
12.98 |
% |
12.80 |
% | ||||||||||||||
|
Net Credit Losses |
|
$ |
1,498 |
|
$ |
1,418 |
|
$ |
1,321 |
|
$ |
1,344 |
|
$ |
1,373 |
|
$ |
1,370 |
|
$ |
1,320 |
|
$ |
1,293 |
|
$ |
1,234 |
|
$ |
1,243 |
|
$ |
1,107 |
|
$ |
1,110 |
|
$ |
1,150 |
|
$ |
1,131 |
|
|
As a % of Average Loans |
|
4.55 |
% |
4.34 |
% |
3.98 |
% |
3.86 |
% |
4.06 |
% |
4.06 |
% |
3.86 |
% |
3.79 |
% |
3.78 |
% |
3.84 |
% |
3.39 |
% |
3.35 |
% |
3.52 |
% |
3.45 |
% | ||||||||||||||
|
Net Credit Margin (6) |
|
$ |
3,301 |
|
$ |
3,356 |
|
$ |
3,577 |
|
$ |
3,777 |
|
$ |
3,524 |
|
$ |
3,560 |
|
$ |
3,791 |
|
$ |
3,709 |
|
$ |
3,518 |
|
$ |
3,399 |
|
$ |
3,499 |
|
$ |
3,475 |
|
$ |
3,376 |
|
$ |
3,300 |
|
|
As a % of Average Loans (6) |
|
10.02 |
% |
10.28 |
% |
10.78 |
% |
10.84 |
% |
10.42 |
% |
10.55 |
% |
11.10 |
% |
10.88 |
% |
10.78 |
% |
10.50 |
% |
10.70 |
% |
10.48 |
% |
10.34 |
% |
10.06 |
% | ||||||||||||||
|
Loans 90+ Days Past Due |
|
$ |
1,830 |
|
$ |
1,649 |
|
$ |
1,683 |
|
$ |
1,878 |
|
$ |
1,784 |
|
$ |
1,657 |
|
$ |
1,640 |
|
$ |
1,708 |
|
$ |
1,592 |
|
$ |
1,453 |
|
$ |
1,452 |
|
$ |
1,596 |
|
$ |
1,524 |
|
$ |
1,450 |
|
|
As a % of EOP Loans |
|
1.39 |
% |
1.25 |
% |
1.22 |
% |
1.31 |
% |
1.32 |
% |
1.21 |
% |
1.21 |
% |
1.23 |
% |
1.23 |
% |
1.10 |
% |
1.11 |
% |
1.17 |
% |
1.17 |
% |
1.01 |
% | ||||||||||||||
|
Loans 30-89 Days Past Due |
|
$ |
1,910 |
|
$ |
1,716 |
|
$ |
1,943 |
|
$ |
2,023 |
|
$ |
1,866 |
|
$ |
1,794 |
|
$ |
1,849 |
|
$ |
1,792 |
|
$ |
1,623 |
|
$ |
1,544 |
|
$ |
1,663 |
|
$ |
1,679 |
|
$ |
1,567 |
|
$ |
1,583 |
|
|
As a % of EOP Loans |
|
1.45 |
% |
1.30 |
% |
1.41 |
% |
1.41 |
% |
1.38 |
% |
1.31 |
% |
1.36 |
% |
1.29 |
% |
1.25 |
% |
1.17 |
% |
1.28 |
% |
1.23 |
% |
1.20 |
% |
1.10 |
% | ||||||||||||||
|
|
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| ||||||
|
|
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Branches (actual) |
|
2,648 |
|
2,618 |
|
2,601 |
|
2,570 |
|
2,474 |
|
2,451 |
| ||||||
|
Accounts (in millions) |
|
55.1 |
|
54.6 |
|
53.9 |
|
53.8 |
|
53.2 |
|
52.9 |
| ||||||
|
Average Deposits |
|
$ |
301.2 |
|
$ |
301.1 |
|
$ |
302.6 |
|
$ |
307.2 |
|
$ |
308.1 |
|
$ |
306.5 |
|
|
Investment Sales |
|
$ |
19.7 |
|
$ |
18.5 |
|
$ |
20.9 |
|
$ |
21.8 |
|
$ |
25.3 |
|
$ |
23.7 |
|
|
Investment Assets under Management (AUMs) |
|
$ |
140.9 |
|
$ |
137.5 |
|
$ |
146.7 |
|
$ |
152.8 |
|
$ |
158.2 |
|
$ |
160.9 |
|
|
Average Loans |
|
$ |
142.0 |
|
$ |
138.1 |
|
$ |
138.8 |
|
$ |
142.3 |
|
$ |
144.3 |
|
$ |
145.1 |
|
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Mortgages |
|
$ |
81.4 |
|
$ |
79.4 |
|
$ |
81.2 |
|
$ |
81.4 |
|
$ |
81.4 |
|
$ |
81.7 |
|
|
Commercial Banking |
|
33.1 |
|
32.0 |
|
33.9 |
|
34.8 |
|
35.5 |
|
36.3 |
| ||||||
|
Personal and Other |
|
27.1 |
|
24.9 |
|
26.3 |
|
27.2 |
|
27.3 |
|
27.9 |
| ||||||
|
EOP Loans |
|
$ |
141.6 |
|
$ |
136.3 |
|
$ |
141.4 |
|
$ |
143.4 |
|
$ |
144.2 |
|
$ |
145.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Total Net Interest Revenue (in millions) (1) |
|
$ |
2,195 |
|
$ |
2,133 |
|
$ |
2,152 |
|
$ |
2,285 |
|
$ |
2,383 |
|
$ |
2,345 |
|
|
As a % of Average Loans |
|
6.15 |
% |
6.14 |
% |
6.29 |
% |
6.44 |
% |
6.55 |
% |
6.41 |
% | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Net Credit Losses (in millions) |
|
$ |
257 |
|
$ |
286 |
|
$ |
236 |
|
$ |
244 |
|
$ |
300 |
|
$ |
243 |
|
|
As a % of Average Loans |
|
0.72 |
% |
0.82 |
% |
0.69 |
% |
0.69 |
% |
0.82 |
% |
0.66 |
% | ||||||
|
Loans 90+ Days Past Due (in millions) (2) |
|
$ |
579 |
|
$ |
474 |
|
$ |
488 |
|
$ |
477 |
|
$ |
489 |
|
$ |
515 |
|
|
As a % of EOP Loans |
|
0.41 |
% |
0.35 |
% |
0.35 |
% |
0.33 |
% |
0.34 |
% |
0.35 |
% | ||||||
|
Loans 30-89 Days Past Due (in millions) (2) |
|
$ |
722 |
|
$ |
726 |
|
$ |
777 |
|
$ |
747 |
|
$ |
805 |
|
$ |
822 |
|
|
As a % of EOP Loans |
|
0.51 |
% |
0.54 |
% |
0.55 |
% |
0.52 |
% |
0.56 |
% |
0.57 |
% | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Cards Key Indicators (in millions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
EOP Open Accounts (in millions) |
|
143.0 |
|
142.7 |
|
142.4 |
|
142.5 |
|
142.2 |
|
142.6 |
| ||||||
|
Purchase Sales (in billions) |
|
$ |
115.3 |
|
$ |
125.1 |
|
$ |
112.2 |
|
$ |
125.3 |
|
$ |
124.9 |
|
$ |
136.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Average Loans (in billions) (3) |
|
$ |
145.5 |
|
$ |
149.3 |
|
$ |
150.8 |
|
$ |
151.5 |
|
$ |
155.4 |
|
$ |
158.2 |
|
|
EOP Loans (in billions) (3) |
|
$ |
147.8 |
|
$ |
155.6 |
|
$ |
149.9 |
|
$ |
155.1 |
|
$ |
156.6 |
|
$ |
164.9 |
|
|
Average Yield (4) |
|
12.86 |
% |
12.64 |
% |
12.69 |
% |
12.78 |
% |
12.87 |
% |
12.70 |
% | ||||||
|
Total Net Interest Revenue (5) |
|
$ |
4,561 |
|
$ |
4,573 |
|
$ |
4,427 |
|
$ |
4,475 |
|
$ |
4,688 |
|
$ |
4,651 |
|
|
As a % of Average Loans (5) |
|
12.47 |
% |
12.19 |
% |
11.91 |
% |
11.85 |
% |
11.97 |
% |
11.66 |
% | ||||||
|
Net Credit Losses |
|
$ |
1,092 |
|
$ |
1,230 |
|
$ |
1,367 |
|
$ |
1,371 |
|
$ |
1,404 |
|
$ |
1,397 |
|
|
As a % of Average Loans |
|
2.99 |
% |
3.28 |
% |
3.68 |
% |
3.63 |
% |
3.58 |
% |
3.50 |
% | ||||||
|
Net Credit Margin (6) |
|
$ |
3,741 |
|
$ |
3,580 |
|
$ |
3,297 |
|
$ |
3,368 |
|
$ |
3,542 |
|
$ |
3,569 |
|
|
As a % of Average Loans (6) |
|
10.23 |
% |
9.54 |
% |
8.87 |
% |
8.92 |
% |
9.04 |
% |
8.95 |
% | ||||||
|
Loans 90+ Days Past Due |
|
$ |
1,587 |
|
$ |
1,819 |
|
$ |
1,753 |
|
$ |
1,706 |
|
$ |
1,790 |
|
$ |
1,963 |
|
|
As a % of EOP Loans |
|
1.07 |
% |
1.17 |
% |
1.17 |
% |
1.10 |
% |
1.14 |
% |
1.19 |
% | ||||||
|
Loans 30-89 Days Past Due |
|
$ |
1,831 |
|
$ |
1,814 |
|
$ |
1,739 |
|
$ |
1,751 |
|
$ |
1,958 |
|
$ |
1,940 |
|
|
As a % of EOP Loans |
|
1.24 |
% |
1.17 |
% |
1.16 |
% |
1.13 |
% |
1.25 |
% |
1.18 |
% | ||||||
(1) Also includes net interest revenue related to the average 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) 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 on loans 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 periods presentation.
|
GLOBAL CONSUMER BANKING NORTH AMERICA Page 1 (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Interest Revenue |
|
$ |
4,188 |
|
$ |
4,101 |
|
$ |
4,173 |
|
$ |
4,340 |
|
$ |
4,217 |
|
$ |
4,242 |
|
$ |
4,394 |
|
$ |
4,476 |
|
$ |
4,283 |
|
$ |
4,265 |
|
$ |
4,403 |
|
$ |
4,455 |
|
$ |
4,398 |
|
|
Non-Interest Revenue |
|
999 |
|
1,029 |
|
641 |
|
605 |
|
639 |
|
616 |
|
678 |
|
691 |
|
726 |
|
585 |
|
439 |
|
364 |
|
434 |
| |||||||||||||
|
Total Revenues, Net of Interest Expense |
|
5,187 |
|
5,130 |
|
4,814 |
|
4,945 |
|
4,856 |
|
4,858 |
|
5,072 |
|
5,167 |
|
5,009 |
|
4,850 |
|
4,842 |
|
4,819 |
|
4,832 |
| |||||||||||||
|
Total Operating Expenses |
|
2,551 |
|
2,510 |
|
2,475 |
|
2,536 |
|
2,484 |
|
2,396 |
|
2,461 |
|
2,555 |
|
2,339 |
|
2,316 |
|
2,316 |
|
2,402 |
|
2,502 |
| |||||||||||||
|
Net Credit Losses |
|
1,257 |
|
1,189 |
|
1,084 |
|
1,108 |
|
1,102 |
|
1,073 |
|
1,018 |
|
1,013 |
|
961 |
|
999 |
|
877 |
|
914 |
|
933 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(371 |
) |
(351 |
) |
(228 |
) |
(88 |
) |
(270 |
) |
(398 |
) |
(340 |
) |
(233 |
) |
(100 |
) |
(109 |
) |
(60 |
) |
(70 |
) |
79 |
| |||||||||||||
|
Provision for Unfunded Lending Commitments |
|
|
|
|
|
3 |
|
2 |
|
2 |
|
|
|
|
|
(12 |
) |
1 |
|
|
|
|
|
7 |
|
|
| |||||||||||||
|
Provision for Benefits and Claims |
|
14 |
|
12 |
|
18 |
|
16 |
|
6 |
|
11 |
|
12 |
|
11 |
|
10 |
|
10 |
|
11 |
|
8 |
|
9 |
| |||||||||||||
|
Provisions for Loan Losses and for Benefits and Claims |
|
900 |
|
850 |
|
877 |
|
1,038 |
|
840 |
|
686 |
|
690 |
|
779 |
|
872 |
|
900 |
|
828 |
|
859 |
|
1,021 |
| |||||||||||||
|
Income from Continuing Operations before Taxes |
|
1,736 |
|
1,770 |
|
1,462 |
|
1,371 |
|
1,532 |
|
1,776 |
|
1,921 |
|
1,833 |
|
1,798 |
|
1,634 |
|
1,698 |
|
1,558 |
|
1,309 |
| |||||||||||||
|
Income Taxes |
|
650 |
|
678 |
|
554 |
|
491 |
|
496 |
|
682 |
|
716 |
|
676 |
|
676 |
|
578 |
|
649 |
|
597 |
|
475 |
| |||||||||||||
|
Income from Continuing Operations |
|
1,086 |
|
1,092 |
|
908 |
|
880 |
|
1,036 |
|
1,094 |
|
1,205 |
|
1,157 |
|
1,122 |
|
1,056 |
|
1,049 |
|
961 |
|
834 |
| |||||||||||||
|
Noncontrolling Interests |
|
1 |
|
|
|
1 |
|
|
|
|
|
|
|
1 |
|
|
|
1 |
|
|
|
1 |
|
1 |
|
|
| |||||||||||||
|
Net Income |
|
$ |
1,085 |
|
$ |
1,092 |
|
$ |
907 |
|
$ |
880 |
|
$ |
1,036 |
|
$ |
1,094 |
|
$ |
1,204 |
|
$ |
1,157 |
|
$ |
1,121 |
|
$ |
1,056 |
|
$ |
1,048 |
|
$ |
960 |
|
$ |
834 |
|
|
Average Assets (in billions) |
|
$ |
202 |
|
$ |
201 |
|
$ |
203 |
|
$ |
210 |
|
$ |
210 |
|
$ |
210 |
|
$ |
213 |
|
$ |
213 |
|
$ |
209 |
|
$ |
206 |
|
$ |
208 |
|
$ |
210 |
|
$ |
211 |
|
|
Return on Average Assets |
|
2.18 |
% |
2.18 |
% |
1.77 |
% |
1.66 |
% |
2.00 |
% |
2.09 |
% |
2.24 |
% |
2.16 |
% |
2.18 |
% |
2.06 |
% |
2.00 |
% |
1.81 |
% |
1.59 |
% | |||||||||||||
|
Efficiency Ratio |
|
49 |
% |
49 |
% |
51 |
% |
51 |
% |
51 |
% |
49 |
% |
49 |
% |
49 |
% |
47 |
% |
48 |
% |
48 |
% |
50 |
% |
52 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
3.41 |
% |
3.28 |
% |
2.88 |
% |
2.82 |
% |
2.86 |
% |
2.79 |
% |
2.58 |
% |
2.54 |
% |
2.50 |
% |
2.58 |
% |
2.21 |
% |
2.26 |
% |
2.32 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
1,648 |
|
$ |
1,667 |
|
$ |
1,197 |
|
$ |
1,155 |
|
$ |
1,210 |
|
$ |
1,248 |
|
$ |
1,308 |
|
$ |
1,435 |
|
$ |
1,372 |
|
$ |
1,342 |
|
$ |
1,307 |
|
$ |
1,296 |
|
$ |
1,292 |
|
|
Citi-Branded Cards |
|
2,028 |
|
1,980 |
|
2,089 |
|
2,123 |
|
2,021 |
|
2,029 |
|
2,118 |
|
2,122 |
|
2,002 |
|
1,927 |
|
1,922 |
|
1,930 |
|
1,860 |
| |||||||||||||
|
Citi Retail Services |
|
1,511 |
|
1,483 |
|
1,528 |
|
1,667 |
|
1,625 |
|
1,581 |
|
1,646 |
|
1,610 |
|
1,635 |
|
1,581 |
|
1,613 |
|
1,593 |
|
1,680 |
| |||||||||||||
|
Total |
|
$ |
5,187 |
|
$ |
5,130 |
|
$ |
4,814 |
|
$ |
4,945 |
|
$ |
4,856 |
|
$ |
4,858 |
|
$ |
5,072 |
|
$ |
5,167 |
|
$ |
5,009 |
|
$ |
4,850 |
|
$ |
4,842 |
|
$ |
4,819 |
|
$ |
4,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
57 |
|
$ |
43 |
|
$ |
39 |
|
$ |
49 |
|
$ |
34 |
|
$ |
38 |
|
$ |
35 |
|
$ |
36 |
|
$ |
36 |
|
$ |
39 |
|
$ |
33 |
|
$ |
42 |
|
$ |
25 |
|
|
Citi-Branded Cards |
|
692 |
|
665 |
|
610 |
|
588 |
|
587 |
|
570 |
|
526 |
|
514 |
|
492 |
|
503 |
|
443 |
|
454 |
|
455 |
| |||||||||||||
|
Citi Retail Services |
|
508 |
|
481 |
|
435 |
|
471 |
|
481 |
|
465 |
|
457 |
|
463 |
|
433 |
|
457 |
|
401 |
|
418 |
|
453 |
| |||||||||||||
|
Total |
|
$ |
1,257 |
|
$ |
1,189 |
|
$ |
1,084 |
|
$ |
1,108 |
|
$ |
1,102 |
|
$ |
1,073 |
|
$ |
1,018 |
|
$ |
1,013 |
|
$ |
961 |
|
$ |
999 |
|
$ |
877 |
|
$ |
914 |
|
$ |
933 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income from Continuing Operations by Business (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
225 |
|
$ |
266 |
|
$ |
(23 |
) |
$ |
(4 |
) |
$ |
36 |
|
$ |
110 |
|
$ |
129 |
|
$ |
160 |
|
$ |
184 |
|
$ |
183 |
|
$ |
137 |
|
$ |
112 |
|
$ |
90 |
|
|
Citi-Branded Cards |
|
431 |
|
439 |
|
548 |
|
527 |
|
564 |
|
555 |
|
636 |
|
636 |
|
535 |
|
495 |
|
517 |
|
510 |
|
353 |
| |||||||||||||
|
Citi Retail Services |
|
430 |
|
387 |
|
383 |
|
357 |
|
436 |
|
429 |
|
440 |
|
361 |
|
403 |
|
378 |
|
395 |
|
339 |
|
391 |
| |||||||||||||
|
Total |
|
$ |
1,086 |
|
$ |
1,092 |
|
$ |
908 |
|
$ |
880 |
|
$ |
1,036 |
|
$ |
1,094 |
|
$ |
1,205 |
|
$ |
1,157 |
|
$ |
1,122 |
|
$ |
1,056 |
|
$ |
1,049 |
|
$ |
961 |
|
$ |
834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017(1) |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Interest Revenue |
|
$ |
4,330 |
|
$ |
4,696 |
|
$ |
4,707 |
|
$ |
4,617 |
|
$ |
4,632 |
|
$ |
4,825 |
|
$ |
4,805 |
|
|
$ |
16,802 |
|
$ |
17,329 |
|
$ |
17,406 |
|
$ |
18,131 |
|
$ |
18,879 |
|
|
Non-Interest Revenue |
|
380 |
|
465 |
|
354 |
|
328 |
|
314 |
|
372 |
|
377 |
|
|
3,274 |
|
2,624 |
|
2,114 |
|
1,633 |
|
1,391 |
| ||||||||||||
|
Total Revenues, Net of Interest Expense |
|
4,710 |
|
5,161 |
|
5,061 |
|
4,945 |
|
4,946 |
|
5,197 |
|
5,182 |
|
|
20,076 |
|
19,953 |
|
19,520 |
|
19,764 |
|
20,270 |
| ||||||||||||
|
Total Operating Expenses |
|
2,428 |
|
2,597 |
|
2,540 |
|
2,597 |
|
2,598 |
|
2,482 |
|
2,568 |
|
|
10,072 |
|
9,896 |
|
9,373 |
|
10,067 |
|
10,245 |
| ||||||||||||
|
Net Credit Losses |
|
954 |
|
927 |
|
1,105 |
|
1,190 |
|
1,181 |
|
1,239 |
|
1,186 |
|
|
4,638 |
|
4,206 |
|
3,751 |
|
3,919 |
|
4,796 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
49 |
|
408 |
|
117 |
|
152 |
|
101 |
|
463 |
|
153 |
|
|
(1,038 |
) |
(1,241 |
) |
(339 |
) |
653 |
|
869 |
| ||||||||||||
|
Provision for Unfunded Lending Commitments |
|
7 |
|
|
|
(1 |
) |
7 |
|
2 |
|
(3 |
) |
(2 |
) |
|
5 |
|
(10 |
) |
8 |
|
6 |
|
4 |
| ||||||||||||
|
Provision for Benefits and Claims |
|
8 |
|
8 |
|
9 |
|
6 |
|
8 |
|
9 |
|
10 |
|
|
60 |
|
40 |
|
39 |
|
34 |
|
33 |
| ||||||||||||
|
Provisions for Loan Losses and for Benefits and Claims |
|
1,018 |
|
1,343 |
|
1,230 |
|
1,355 |
|
1,292 |
|
1,708 |
|
1,347 |
|
|
3,665 |
|
2,995 |
|
3,459 |
|
4,612 |
|
5,702 |
| ||||||||||||
|
Income from Continuing Operations before Taxes |
|
1,264 |
|
1,221 |
|
1,291 |
|
993 |
|
1,056 |
|
1,007 |
|
1,267 |
|
|
6,339 |
|
7,062 |
|
6,688 |
|
5,085 |
|
4,323 |
| ||||||||||||
|
Income Taxes |
|
449 |
|
441 |
|
481 |
|
379 |
|
399 |
|
365 |
|
1,190 |
|
|
2,373 |
|
2,570 |
|
2,500 |
|
1,846 |
|
2,333 |
| ||||||||||||
|
Income from Continuing Operations |
|
815 |
|
780 |
|
810 |
|
614 |
|
657 |
|
642 |
|
77 |
|
|
3,966 |
|
4,492 |
|
4,188 |
|
3,239 |
|
1,990 |
| ||||||||||||
|
Noncontrolling Interests |
|
(1 |
) |
|
|
(1 |
) |
|
|
|
|
|
|
(1 |
) |
|
2 |
|
1 |
|
3 |
|
(2 |
) |
(1 |
) | ||||||||||||
|
Net Income |
|
$ |
816 |
|
$ |
780 |
|
$ |
811 |
|
$ |
614 |
|
$ |
657 |
|
$ |
642 |
|
$ |
78 |
|
|
$ |
3,964 |
|
$ |
4,491 |
|
$ |
4,185 |
|
$ |
3,241 |
|
$ |
1,991 |
|
|
Average Assets (in billions) |
|
$ |
220 |
|
$ |
239 |
|
$ |
244 |
|
$ |
245 |
|
$ |
244 |
|
$ |
250 |
|
$ |
254 |
|
|
$ |
204 |
|
$ |
212 |
|
$ |
208 |
|
$ |
229 |
|
$ |
248 |
|
|
Return on Average Assets |
|
1.49 |
% |
1.30 |
% |
1.32 |
% |
1.02 |
% |
1.08 |
% |
1.02 |
% |
0.12 |
% |
|
1.94 |
% |
2.12 |
% |
2.01 |
% |
1.42 |
% |
0.80 |
% | ||||||||||||
|
Efficiency Ratio |
|
52 |
% |
50 |
% |
50 |
% |
53 |
% |
53 |
% |
48 |
% |
50 |
% |
|
50 |
% |
50 |
% |
48 |
% |
51 |
% |
51 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
2.34 |
% |
2.07 |
% |
2.42 |
% |
2.63 |
% |
2.58 |
% |
2.63 |
% |
2.48 |
% |
|
3.09 |
% |
2.69 |
% |
2.39 |
% |
2.29 |
% |
2.58 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
1,314 |
|
$ |
1,356 |
|
$ |
1,265 |
|
$ |
1,257 |
|
$ |
1,293 |
|
$ |
1,366 |
|
$ |
1,349 |
|
|
$ |
5,667 |
|
$ |
5,201 |
|
$ |
5,317 |
|
$ |
5,227 |
|
$ |
5,265 |
|
|
Citi-Branded Cards |
|
1,886 |
|
2,191 |
|
2,213 |
|
2,096 |
|
2,079 |
|
2,178 |
|
2,225 |
|
|
8,220 |
|
8,290 |
|
7,781 |
|
8,150 |
|
8,578 |
| ||||||||||||
|
Citi Retail Services |
|
1,510 |
|
1,614 |
|
1,583 |
|
1,592 |
|
1,574 |
|
1,653 |
|
1,608 |
|
|
6,189 |
|
6,462 |
|
6,422 |
|
6,387 |
|
6,427 |
| ||||||||||||
|
Total |
|
$ |
4,710 |
|
$ |
5,161 |
|
$ |
5,061 |
|
$ |
4,945 |
|
$ |
4,946 |
|
$ |
5,197 |
|
$ |
5,182 |
|
|
$ |
20,076 |
|
$ |
19,953 |
|
$ |
19,520 |
|
$ |
19,764 |
|
$ |
20,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
45 |
|
$ |
52 |
|
$ |
83 |
|
$ |
37 |
|
$ |
39 |
|
$ |
88 |
|
$ |
30 |
|
|
$ |
188 |
|
$ |
143 |
|
$ |
150 |
|
$ |
205 |
|
$ |
194 |
|
|
Citi-Branded Cards |
|
467 |
|
448 |
|
539 |
|
633 |
|
611 |
|
611 |
|
592 |
|
|
2,555 |
|
2,197 |
|
1,892 |
|
1,909 |
|
2,447 |
| ||||||||||||
|
Citi Retail Services |
|
442 |
|
427 |
|
483 |
|
520 |
|
531 |
|
540 |
|
564 |
|
|
1,895 |
|
1,866 |
|
1,709 |
|
1,805 |
|
2,155 |
| ||||||||||||
|
Total |
|
$ |
954 |
|
$ |
927 |
|
$ |
1,105 |
|
$ |
1,190 |
|
$ |
1,181 |
|
$ |
1,239 |
|
$ |
1,186 |
|
|
$ |
4,638 |
|
$ |
4,206 |
|
$ |
3,751 |
|
$ |
3,919 |
|
$ |
4,796 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income from Continuing Operations by Business (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
172 |
|
$ |
187 |
|
$ |
85 |
|
$ |
72 |
|
$ |
130 |
|
$ |
169 |
|
$ |
41 |
|
|
$ |
464 |
|
$ |
435 |
|
$ |
616 |
|
$ |
534 |
|
$ |
412 |
|
|
Citi-Branded Cards |
|
320 |
|
322 |
|
446 |
|
246 |
|
302 |
|
342 |
|
119 |
|
|
1,945 |
|
2,391 |
|
2,057 |
|
1,441 |
|
1,009 |
| ||||||||||||
|
Citi Retail Services |
|
323 |
|
271 |
|
279 |
|
296 |
|
225 |
|
131 |
|
(83 |
) |
|
1,557 |
|
1,666 |
|
1,515 |
|
1,264 |
|
569 |
| ||||||||||||
|
Total |
|
$ |
815 |
|
$ |
780 |
|
$ |
810 |
|
$ |
614 |
|
$ |
657 |
|
$ |
642 |
|
$ |
77 |
|
|
$ |
3,966 |
|
$ |
4,492 |
|
$ |
4,188 |
|
$ |
3,239 |
|
$ |
1,990 |
|
(1) See footnote 1 on page 1.
(2) The $750 million increase in Income Taxes related to Tax Reform is included in Retail Banking ($105 million), Citi-Branded Cards ($320 million) and Citi Retail Services ($325 million), respectively.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING NORTH AMERICA Page 2 |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Branches (actual) |
|
981 |
|
983 |
|
983 |
|
983 |
|
962 |
|
912 |
|
895 |
|
849 |
|
788 |
|
779 |
|
779 |
|
780 |
|
729 |
| |||||||||||||
|
Accounts (in millions) |
|
12.4 |
|
12.1 |
|
12.2 |
|
12.2 |
|
12.3 |
|
12.1 |
|
12.1 |
|
11.8 |
|
11.5 |
|
11.3 |
|
11.2 |
|
11.0 |
|
10.9 |
| |||||||||||||
|
Average Deposits |
|
$ |
172.2 |
|
$ |
173.8 |
|
$ |
175.2 |
|
$ |
177.4 |
|
$ |
179.3 |
|
$ |
179.9 |
|
$ |
179.3 |
|
$ |
179.4 |
|
$ |
180.4 |
|
$ |
179.9 |
|
$ |
181.4 |
|
$ |
181.2 |
|
$ |
180.6 |
|
|
Investment Sales |
|
$ |
5.8 |
|
$ |
5.8 |
|
$ |
4.9 |
|
$ |
5.2 |
|
$ |
5.7 |
|
$ |
5.6 |
|
$ |
5.5 |
|
$ |
6.0 |
|
$ |
6.3 |
|
$ |
5.9 |
|
$ |
4.9 |
|
$ |
4.6 |
|
$ |
4.8 |
|
|
Investment AUMs |
|
$ |
43.1 |
|
$ |
42.6 |
|
$ |
44.1 |
|
$ |
46.2 |
|
$ |
47.1 |
|
$ |
48.9 |
|
$ |
48.9 |
|
$ |
49.4 |
|
$ |
50.6 |
|
$ |
50.6 |
|
$ |
47.9 |
|
$ |
48.9 |
|
$ |
49.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Loans |
|
$ |
43.3 |
|
$ |
41.1 |
|
$ |
43.0 |
|
$ |
44.0 |
|
$ |
45.0 |
|
$ |
45.7 |
|
$ |
47.3 |
|
$ |
48.6 |
|
$ |
47.8 |
|
$ |
49.3 |
|
$ |
50.3 |
|
$ |
51.8 |
|
$ |
52.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Mortgages |
|
$ |
33.9 |
|
$ |
32.2 |
|
$ |
33.6 |
|
$ |
34.3 |
|
$ |
35.1 |
|
$ |
36.4 |
|
$ |
37.6 |
|
$ |
36.7 |
|
$ |
37.8 |
|
$ |
38.9 |
|
$ |
40.6 |
|
$ |
41.9 |
|
$ |
42.9 |
|
|
Commercial Banking |
|
8.2 |
|
8.4 |
|
8.5 |
|
8.7 |
|
8.7 |
|
8.5 |
|
8.6 |
|
8.6 |
|
8.5 |
|
8.5 |
|
8.4 |
|
8.3 |
|
8.6 |
| |||||||||||||
|
Personal and Other |
|
1.1 |
|
1.2 |
|
1.2 |
|
1.3 |
|
1.4 |
|
1.5 |
|
1.6 |
|
1.8 |
|
1.8 |
|
1.8 |
|
2.0 |
|
2.0 |
|
2.0 |
| |||||||||||||
|
Total EOP Loans |
|
$ |
43.2 |
|
$ |
41.8 |
|
$ |
43.3 |
|
$ |
44.3 |
|
$ |
45.2 |
|
$ |
46.4 |
|
$ |
47.8 |
|
$ |
47.1 |
|
$ |
48.1 |
|
$ |
49.2 |
|
$ |
51.0 |
|
$ |
52.2 |
|
$ |
53.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Mortgage Originations (1) |
|
$ |
18.0 |
|
$ |
17.2 |
|
$ |
14.5 |
|
$ |
8.3 |
|
$ |
5.2 |
|
$ |
6.2 |
|
$ |
7.1 |
|
$ |
6.7 |
|
$ |
7.0 |
|
$ |
8.8 |
|
$ |
7.5 |
|
$ |
6.2 |
|
$ |
5.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Third Party Mortgage Servicing Portfolio (EOP) |
|
$ |
175.8 |
|
$ |
177.9 |
|
$ |
180.3 |
|
$ |
180.6 |
|
$ |
178.8 |
|
$ |
175.9 |
|
$ |
173.0 |
|
$ |
171.9 |
|
$ |
168.2 |
|
$ |
165.0 |
|
$ |
162.6 |
|
$ |
159.5 |
|
$ |
155.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Servicing & Gain/(Loss) on Sale (in millions) |
|
$ |
561.6 |
|
$ |
588.5 |
|
$ |
167.0 |
|
$ |
142.9 |
|
$ |
127.7 |
|
$ |
133.9 |
|
$ |
132.4 |
|
$ |
255.6 |
|
$ |
168.7 |
|
$ |
179.4 |
|
$ |
107.2 |
|
$ |
110.6 |
|
$ |
97.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Saleable Mortgage Rate Locks |
|
$ |
14.3 |
|
$ |
13.0 |
|
$ |
7.1 |
|
$ |
4.5 |
|
$ |
3.6 |
|
$ |
4.2 |
|
$ |
4.4 |
|
$ |
3.8 |
|
$ |
4.4 |
|
$ |
5.0 |
|
$ |
3.9 |
|
$ |
3.2 |
|
$ |
3.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Interest Revenue on Loans (in millions) |
|
$ |
281 |
|
$ |
284 |
|
$ |
250 |
|
$ |
242 |
|
$ |
244 |
|
$ |
263 |
|
$ |
273 |
|
$ |
288 |
|
$ |
264 |
|
$ |
282 |
|
$ |
279 |
|
$ |
286 |
|
$ |
284 |
|
|
As a % of Avg. Loans |
|
2.63 |
% |
2.77 |
% |
2.31 |
% |
2.18 |
% |
2.20 |
% |
2.31 |
% |
2.29 |
% |
2.35 |
% |
2.24 |
% |
2.29 |
% |
2.20 |
% |
2.19 |
% |
2.16 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses (in millions) |
|
$ |
57 |
|
$ |
43 |
|
$ |
39 |
|
$ |
49 |
|
$ |
34 |
|
$ |
38 |
|
$ |
35 |
|
$ |
36 |
|
$ |
36 |
|
$ |
39 |
|
$ |
33 |
|
$ |
42 |
|
$ |
25 |
|
|
As a % of Avg. Loans |
|
0.53 |
% |
0.42 |
% |
0.36 |
% |
0.44 |
% |
0.31 |
% |
0.33 |
% |
0.29 |
% |
0.29 |
% |
0.31 |
% |
0.32 |
% |
0.26 |
% |
0.32 |
% |
0.19 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Loans 90+ Days Past Due (in millions) (2) |
|
$ |
282 |
|
$ |
285 |
|
$ |
277 |
|
$ |
257 |
|
$ |
243 |
|
$ |
227 |
|
$ |
229 |
|
$ |
225 |
|
$ |
123 |
|
$ |
150 |
|
$ |
138 |
|
$ |
165 |
|
$ |
152 |
|
|
As a % of EOP Loans |
|
0.68 |
% |
0.70 |
% |
0.66 |
% |
0.60 |
% |
0.55 |
% |
0.50 |
% |
0.49 |
% |
0.49 |
% |
0.26 |
% |
0.31 |
% |
0.28 |
% |
0.32 |
% |
0.29 |
% | |||||||||||||
|
Loans 30-89 Days Past Due (in millions) (2) |
|
$ |
226 |
|
$ |
217 |
|
$ |
209 |
|
$ |
205 |
|
$ |
177 |
|
$ |
203 |
|
$ |
213 |
|
$ |
212 |
|
$ |
203 |
|
$ |
176 |
|
$ |
198 |
|
$ |
221 |
|
$ |
198 |
|
|
As a % of EOP Loans |
|
0.54 |
% |
0.54 |
% |
0.50 |
% |
0.48 |
% |
0.40 |
% |
0.45 |
% |
0.46 |
% |
0.46 |
% |
0.43 |
% |
0.36 |
% |
0.40 |
% |
0.43 |
% |
0.38 |
% | |||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Branches (actual) |
|
729 |
|
727 |
|
723 |
|
705 |
|
695 |
|
695 |
|
694 |
| |||||||
|
Accounts (in millions) |
|
10.8 |
|
10.6 |
|
10.5 |
|
9.6 |
|
9.5 |
|
9.4 |
|
9.2 |
| |||||||
|
Average Deposits |
|
$ |
182.1 |
|
$ |
183.9 |
|
$ |
186.0 |
|
$ |
184.6 |
|
$ |
185.1 |
|
$ |
184.1 |
|
$ |
182.7 |
|
|
Investment Sales |
|
$ |
5.5 |
|
$ |
5.2 |
|
$ |
5.3 |
|
$ |
6.2 |
|
$ |
6.5 |
|
$ |
6.7 |
|
$ |
7.0 |
|
|
Investment AUMs |
|
$ |
51.4 |
|
$ |
53.1 |
|
$ |
52.8 |
|
$ |
55.1 |
|
$ |
56.7 |
|
$ |
58.6 |
|
$ |
60.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Average Loans |
|
$ |
54.4 |
|
$ |
55.0 |
|
$ |
55.0 |
|
$ |
55.4 |
|
$ |
55.6 |
|
$ |
55.7 |
|
$ |
56.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Mortgages |
|
$ |
43.9 |
|
$ |
44.0 |
|
$ |
44.2 |
|
$ |
44.3 |
|
$ |
44.3 |
|
$ |
44.2 |
|
$ |
44.3 |
|
|
Commercial Banking |
|
8.8 |
|
8.8 |
|
9.0 |
|
9.2 |
|
9.2 |
|
9.4 |
|
9.5 |
| |||||||
|
Personal and Other |
|
2.1 |
|
2.0 |
|
2.1 |
|
2.0 |
|
2.1 |
|
2.1 |
|
2.2 |
| |||||||
|
Total EOP Loans |
|
$ |
54.8 |
|
$ |
54.8 |
|
$ |
55.3 |
|
$ |
55.5 |
|
$ |
55.6 |
|
$ |
55.7 |
|
$ |
56.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Mortgage Originations (1) |
|
$ |
6.4 |
|
$ |
6.5 |
|
$ |
5.6 |
|
$ |
3.8 |
|
$ |
3.1 |
|
$ |
3.2 |
|
$ |
3.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Third Party Mortgage Servicing Portfolio (EOP) |
|
$ |
151.8 |
|
$ |
147.6 |
|
$ |
143.2 |
|
$ |
48.5 |
|
$ |
49.1 |
|
$ |
49.1 |
|
$ |
47.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Net Servicing & Gain/(Loss) on Sale (in millions) |
|
$ |
90.9 |
|
$ |
141.9 |
|
$ |
102.8 |
|
$ |
63.1 |
|
$ |
50.0 |
|
$ |
47.3 |
|
$ |
69.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Saleable Mortgage Rate Locks |
|
$ |
4.0 |
|
$ |
3.9 |
|
$ |
2.6 |
|
$ |
1.9 |
|
$ |
1.5 |
|
$ |
1.7 |
|
$ |
1.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Net Interest Revenue on Loans (in millions) |
|
$ |
276 |
|
$ |
281 |
|
$ |
264 |
|
$ |
251 |
|
$ |
248 |
|
$ |
253 |
|
$ |
235 |
|
|
As a % of Avg. Loans |
|
2.04 |
% |
2.03 |
% |
1.91 |
% |
1.84 |
% |
1.79 |
% |
1.80 |
% |
1.66 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Net Credit Losses (in millions) |
|
$ |
45 |
|
$ |
52 |
|
$ |
83 |
|
$ |
37 |
|
$ |
39 |
|
$ |
88 |
|
$ |
30 |
|
|
As a % of Avg. Loans |
|
0.33 |
% |
0.38 |
% |
0.60 |
% |
0.27 |
% |
0.28 |
% |
0.63 |
% |
0.21 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Loans 90+ Days Past Due (in millions) (2) |
|
$ |
180 |
|
$ |
256 |
|
$ |
181 |
|
$ |
182 |
|
$ |
155 |
|
$ |
167 |
|
$ |
199 |
|
|
As a % of EOP Loans |
|
0.33 |
% |
0.47 |
% |
0.33 |
% |
0.33 |
% |
0.28 |
% |
0.30 |
% |
0.36 |
% | |||||||
|
Loans 30-89 Days Past Due (in millions) (2) |
|
$ |
192 |
|
$ |
198 |
|
$ |
214 |
|
$ |
189 |
|
$ |
191 |
|
$ |
270 |
|
$ |
306 |
|
|
As a % of EOP Loans |
|
0.36 |
% |
0.37 |
% |
0.39 |
% |
0.35 |
% |
0.35 |
% |
0.49 |
% |
0.55 |
% | |||||||
(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 $327 million and ($0.7 billion), $313 million and ($0.8 billion), $295 million and ($0.8 billion), $289 million and ($0.7 billion), and $298 million and ($0.7 billion) as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.
The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $70 million and ($0.7 billion), $84 million and ($0.8 billion), $84 million and ($0.8 billion), $79 million and ($0.7 billion), and $88 million and ($0.7 billion) as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING NORTH AMERICA Page 3 |
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4Q |
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1Q |
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2Q |
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3Q |
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4Q |
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1Q |
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2013 |
|
2013 |
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2013 |
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2013 |
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2014 |
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2014 |
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2014 |
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2014 |
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2015 |
|
2015 |
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2015 |
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2015 |
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2016 |
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|
Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Open Accounts (in millions) |
|
23.4 |
|
23.6 |
|
23.8 |
|
23.9 |
|
24.0 |
|
24.1 |
|
23.5 |
|
23.6 |
|
23.7 |
|
23.2 |
|
23.3 |
|
23.5 |
|
23.8 |
| |||||||||||||
|
Purchase Sales (in billions) |
|
$ |
38.2 |
|
$ |
41.9 |
|
$ |
41.7 |
|
$ |
43.4 |
|
$ |
39.6 |
|
$ |
43.9 |
|
$ |
43.3 |
|
$ |
45.1 |
|
$ |
40.9 |
|
$ |
46.1 |
|
$ |
46.6 |
|
$ |
49.0 |
|
$ |
45.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Loans (in billions) (1) |
|
$ |
69.7 |
|
$ |
68.4 |
|
$ |
68.4 |
|
$ |
68.2 |
|
$ |
67.5 |
|
$ |
66.4 |
|
$ |
66.1 |
|
$ |
65.7 |
|
$ |
64.1 |
|
$ |
63.2 |
|
$ |
63.9 |
|
$ |
64.6 |
|
$ |
64.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Loans (in billions) (1) |
|
$ |
69.2 |
|
$ |
69.3 |
|
$ |
68.8 |
|
$ |
70.5 |
|
$ |
66.8 |
|
$ |
67.3 |
|
$ |
66.5 |
|
$ |
67.5 |
|
$ |
63.5 |
|
$ |
64.5 |
|
$ |
64.8 |
|
$ |
67.2 |
|
$ |
64.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Yield (2) |
|
10.23 |
% |
10.11 |
% |
10.22 |
% |
10.33 |
% |
10.39 |
% |
10.31 |
% |
10.38 |
% |
10.35 |
% |
10.48 |
% |
10.39 |
% |
10.28 |
% |
10.31 |
% |
10.38 |
% | |||||||||||||
|
Total Net Interest Revenue (3) |
|
$ |
1,649 |
|
$ |
1,645 |
|
$ |
1,690 |
|
$ |
1,708 |
|
$ |
1,649 |
|
$ |
1,635 |
|
$ |
1,681 |
|
$ |
1,679 |
|
$ |
1,600 |
|
$ |
1,576 |
|
$ |
1,610 |
|
$ |
1,626 |
|
$ |
1,592 |
|
|
As a % of Avg. Loans (3) |
|
9.59 |
% |
9.65 |
% |
9.80 |
% |
9.94 |
% |
9.91 |
% |
9.88 |
% |
10.09 |
% |
10.14 |
% |
10.12 |
% |
10.00 |
% |
10.00 |
% |
9.99 |
% |
9.90 |
% | |||||||||||||
|
Net Credit Losses |
|
$ |
692 |
|
$ |
665 |
|
$ |
610 |
|
$ |
588 |
|
$ |
587 |
|
$ |
570 |
|
$ |
526 |
|
$ |
514 |
|
$ |
492 |
|
$ |
503 |
|
$ |
443 |
|
$ |
454 |
|
$ |
455 |
|
|
As a % of Average Loans |
|
4.03 |
% |
3.90 |
% |
3.54 |
% |
3.42 |
% |
3.53 |
% |
3.44 |
% |
3.16 |
% |
3.10 |
% |
3.11 |
% |
3.19 |
% |
2.75 |
% |
2.79 |
% |
2.83 |
% | |||||||||||||
|
Net Credit Margin (4) |
|
$ |
1,331 |
|
$ |
1,312 |
|
$ |
1,472 |
|
$ |
1,529 |
|
$ |
1,429 |
|
$ |
1,454 |
|
$ |
1,588 |
|
$ |
1,605 |
|
$ |
1,506 |
|
$ |
1,420 |
|
$ |
1,475 |
|
$ |
1,474 |
|
$ |
1,401 |
|
|
As a % of Avg. Loans (4) |
|
7.74 |
% |
7.69 |
% |
8.54 |
% |
8.89 |
% |
8.59 |
% |
8.78 |
% |
9.53 |
% |
9.69 |
% |
9.53 |
% |
9.01 |
% |
9.16 |
% |
9.05 |
% |
8.71 |
% | |||||||||||||
|
Loans 90+ Days Past Due |
|
$ |
732 |
|
$ |
663 |
|
$ |
628 |
|
$ |
681 |
|
$ |
648 |
|
$ |
583 |
|
$ |
559 |
|
$ |
593 |
|
$ |
569 |
|
$ |
495 |
|
$ |
491 |
|
$ |
538 |
|
$ |
530 |
|
|
As a % of EOP Loans |
|
1.06 |
% |
0.96 |
% |
0.91 |
% |
0.97 |
% |
0.97 |
% |
0.87 |
% |
0.84 |
% |
0.88 |
% |
0.90 |
% |
0.77 |
% |
0.76 |
% |
0.80 |
% |
0.82 |
% | |||||||||||||
|
Loans 30-89 Days Past Due |
|
$ |
679 |
|
$ |
588 |
|
$ |
650 |
|
$ |
661 |
|
$ |
599 |
|
$ |
540 |
|
$ |
566 |
|
$ |
568 |
|
$ |
497 |
|
$ |
462 |
|
$ |
504 |
|
$ |
523 |
|
$ |
492 |
|
|
As a % of EOP Loans |
|
0.98 |
% |
0.85 |
% |
0.94 |
% |
0.94 |
% |
0.90 |
% |
0.80 |
% |
0.85 |
% |
0.84 |
% |
0.78 |
% |
0.72 |
% |
0.78 |
% |
0.78 |
% |
0.76 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Citi-Branded Cards Ex Hilton (in millions of dollars, except as otherwise noted) (1) (5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Presented in This Supplement For Periods 4Q16 - 4Q17 Only |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Revenues, Net of Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Purchase Sales (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Loans (in billions) (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Loans (in billions) (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Yield (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Net Interest Revenue (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
As a % of Avg. Loans (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Open Accounts |
|
79.4 |
|
77.7 |
|
91.2 |
|
91.6 |
|
89.7 |
|
90.3 |
|
88.6 |
|
89.5 |
|
88.7 |
|
89.5 |
|
89.5 |
|
89.9 |
|
88.1 |
| |||||||||||||
|
Purchase Sales (in billions) |
|
$ |
15.3 |
|
$ |
18.3 |
|
$ |
18.1 |
|
$ |
23.3 |
|
$ |
16.7 |
|
$ |
20.4 |
|
$ |
19.7 |
|
$ |
23.5 |
|
$ |
16.5 |
|
$ |
20.2 |
|
$ |
19.8 |
|
$ |
23.5 |
|
$ |
16.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Loans (in billions) (1) |
|
$ |
36.7 |
|
$ |
35.8 |
|
$ |
37.8 |
|
$ |
43.6 |
|
$ |
43.6 |
|
$ |
42.4 |
|
$ |
42.9 |
|
$ |
43.9 |
|
$ |
43.9 |
|
$ |
42.6 |
|
$ |
43.1 |
|
$ |
44.1 |
|
$ |
44.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Loans (in billions) (1) |
|
$ |
35.4 |
|
$ |
36.0 |
|
$ |
43.0 |
|
$ |
46.3 |
|
$ |
42.3 |
|
$ |
43.1 |
|
$ |
43.0 |
|
$ |
46.5 |
|
$ |
42.4 |
|
$ |
43.2 |
|
$ |
43.1 |
|
$ |
46.1 |
|
$ |
42.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Average Yield (2) |
|
18.28 |
% |
17.89 |
% |
17.33 |
% |
16.34 |
% |
16.63 |
% |
16.89 |
% |
16.89 |
% |
16.80 |
% |
16.96 |
% |
17.00 |
% |
16.94 |
% |
16.49 |
% |
16.92 |
% | |||||||||||||
|
Total Net Interest Revenue (3) |
|
$ |
1,652 |
|
$ |
1,587 |
|
$ |
1,682 |
|
$ |
1,860 |
|
$ |
1,819 |
|
$ |
1,810 |
|
$ |
1,884 |
|
$ |
1,923 |
|
$ |
1,883 |
|
$ |
1,842 |
|
$ |
1,922 |
|
$ |
1,937 |
|
$ |
1,891 |
|
|
As a % of Avg. Loans (3) |
|
18.26 |
% |
17.78 |
% |
17.65 |
% |
16.93 |
% |
16.92 |
% |
17.12 |
% |
17.42 |
% |
17.38 |
% |
17.40 |
% |
17.34 |
% |
17.69 |
% |
17.43 |
% |
17.29 |
% | |||||||||||||
|
Net Credit Losses |
|
$ |
508 |
|
$ |
481 |
|
$ |
435 |
|
$ |
471 |
|
$ |
481 |
|
$ |
465 |
|
$ |
457 |
|
$ |
463 |
|
$ |
433 |
|
$ |
457 |
|
$ |
401 |
|
$ |
418 |
|
$ |
453 |
|
|
As a % of Average Loans |
|
5.61 |
% |
5.39 |
% |
4.57 |
% |
4.29 |
% |
4.47 |
% |
4.40 |
% |
4.23 |
% |
4.18 |
% |
4.00 |
% |
4.30 |
% |
3.69 |
% |
3.76 |
% |
4.14 |
% | |||||||||||||
|
Net Credit Margin (4) |
|
$ |
994 |
|
$ |
993 |
|
$ |
1,082 |
|
$ |
1,185 |
|
$ |
1,141 |
|
$ |
1,111 |
|
$ |
1,181 |
|
$ |
1,139 |
|
$ |
1,196 |
|
$ |
1,119 |
|
$ |
1,206 |
|
$ |
1,168 |
|
$ |
1,222 |
|
|
As a % of Avg. Loans (4) |
|
10.98 |
% |
11.13 |
% |
11.36 |
% |
10.78 |
% |
10.61 |
% |
10.51 |
% |
10.92 |
% |
10.29 |
% |
11.05 |
% |
10.54 |
% |
11.10 |
% |
10.51 |
% |
11.17 |
% | |||||||||||||
|
Loans 90+ Days Past Due |
|
$ |
651 |
|
$ |
556 |
|
$ |
650 |
|
$ |
771 |
|
$ |
689 |
|
$ |
606 |
|
$ |
630 |
|
$ |
678 |
|
$ |
629 |
|
$ |
567 |
|
$ |
621 |
|
$ |
705 |
|
$ |
665 |
|
|
As a % of EOP Loans |
|
1.84 |
% |
1.54 |
% |
1.51 |
% |
1.67 |
% |
1.63 |
% |
1.41 |
% |
1.47 |
% |
1.46 |
% |
1.48 |
% |
1.31 |
% |
1.44 |
% |
1.53 |
% |
1.56 |
% | |||||||||||||
|
Loans 30-89 Days Past Due |
|
$ |
685 |
|
$ |
615 |
|
$ |
798 |
|
$ |
830 |
|
$ |
725 |
|
$ |
683 |
|
$ |
729 |
|
$ |
748 |
|
$ |
673 |
|
$ |
652 |
|
$ |
758 |
|
$ |
773 |
|
$ |
688 |
|
|
As a % of EOP Loans |
|
1.94 |
% |
1.71 |
% |
1.86 |
% |
1.79 |
% |
1.71 |
% |
1.58 |
% |
1.70 |
% |
1.61 |
% |
1.59 |
% |
1.51 |
% |
1.76 |
% |
1.68 |
% |
1.62 |
% | |||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Open Accounts (in millions) |
|
31.8 |
|
32.5 |
|
32.9 |
|
33.2 |
|
33.6 |
|
33.9 |
|
34.2 |
| |||||||
|
Purchase Sales (in billions) |
|
$ |
53.1 |
|
$ |
73.1 |
|
$ |
78.5 |
|
$ |
72.5 |
|
$ |
80.5 |
|
$ |
80.4 |
|
$ |
86.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Average Loans (in billions) (1) |
|
$ |
66.7 |
|
$ |
79.2 |
|
$ |
82.1 |
|
$ |
82.6 |
|
$ |
83.3 |
|
$ |
85.4 |
|
$ |
86.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Loans (in billions) (1) |
|
$ |
77.5 |
|
$ |
81.3 |
|
$ |
86.0 |
|
$ |
82.2 |
|
$ |
85.6 |
|
$ |
86.3 |
|
$ |
90.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Average Yield (2) |
|
10.04 |
% |
9.90 |
% |
9.60 |
% |
9.60 |
% |
9.61 |
% |
9.70 |
% |
9.63 |
% | |||||||
|
Total Net Interest Revenue (3) |
|
$ |
1,591 |
|
$ |
1,863 |
|
$ |
1,867 |
|
$ |
1,785 |
|
$ |
1,788 |
|
$ |
1,849 |
|
$ |
1,854 |
|
|
As a % of Avg. Loans (3) |
|
9.59 |
% |
9.36 |
% |
9.05 |
% |
8.76 |
% |
8.61 |
% |
8.59 |
% |
8.47 |
% | |||||||
|
Net Credit Losses |
|
$ |
467 |
|
$ |
448 |
|
$ |
539 |
|
$ |
633 |
|
$ |
611 |
|
$ |
611 |
|
$ |
592 |
|
|
As a % of Average Loans |
|
2.82 |
% |
2.25 |
% |
2.61 |
% |
3.11 |
% |
2.94 |
% |
2.84 |
% |
2.71 |
% | |||||||
|
Net Credit Margin (4) |
|
$ |
1,415 |
|
$ |
1,740 |
|
$ |
1,670 |
|
$ |
1,461 |
|
$ |
1,466 |
|
$ |
1,564 |
|
$ |
1,610 |
|
|
As a % of Avg. Loans (4) |
|
8.53 |
% |
8.74 |
% |
8.09 |
% |
7.17 |
% |
7.06 |
% |
7.27 |
% |
7.36 |
% | |||||||
|
Loans 90+ Days Past Due |
|
$ |
510 |
|
$ |
607 |
|
$ |
748 |
|
$ |
698 |
|
$ |
659 |
|
$ |
668 |
|
$ |
768 |
|
|
As a % of EOP Loans |
|
0.66 |
% |
0.75 |
% |
0.87 |
% |
0.85 |
% |
0.77 |
% |
0.77 |
% |
0.85 |
% | |||||||
|
Loans 30-89 Days Past Due |
|
$ |
550 |
|
$ |
710 |
|
$ |
688 |
|
$ |
632 |
|
$ |
619 |
|
$ |
705 |
|
$ |
698 |
|
|
As a % of EOP Loans |
|
0.71 |
% |
0.87 |
% |
0.80 |
% |
0.77 |
% |
0.72 |
% |
0.82 |
% |
0.77 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Citi-Branded Cards Ex Hilton (in millions of dollars, except as otherwise noted) (1) (5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Presented in This Supplement For Periods 4Q16 - 4Q17 Only |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Revenues, Net of Interest Expense |
|
|
|
|
|
$ |
2,175 |
|
$ |
2,057 |
|
$ |
2,043 |
|
$ |
2,139 |
|
$ |
2,186 |
| ||
|
Purchase Sales (in billions) |
|
|
|
|
|
$ |
76.9 |
|
$ |
71.0 |
|
$ |
78.9 |
|
$ |
78.9 |
|
$ |
84.8 |
| ||
|
Average Loans (in billions) (1) |
|
|
|
|
|
$ |
80.9 |
|
$ |
81.4 |
|
$ |
82.1 |
|
$ |
84.2 |
|
$ |
86.4 |
| ||
|
EOP Loans (in billions) (1) |
|
|
|
|
|
$ |
84.7 |
|
$ |
81.0 |
|
$ |
84.4 |
|
$ |
85.1 |
|
$ |
90.5 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Average Yield (2) |
|
|
|
|
|
9.59 |
% |
9.59 |
% |
9.60 |
% |
9.69 |
% |
9.62 |
% | |||||||
|
Total Net Interest Revenue (3) |
|
|
|
|
|
1,839 |
|
1,758 |
|
1,761 |
|
1,821 |
|
1,845 |
| |||||||
|
As a % of Avg. Loans (3) |
|
|
|
|
|
9.04 |
% |
8.76 |
% |
8.60 |
% |
8.58 |
% |
8.47 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Open Accounts |
|
88.9 |
|
88.3 |
|
87.7 |
|
86.8 |
|
86.5 |
|
86.0 |
|
86.4 |
| |||||||
|
Purchase Sales (in billions) |
|
$ |
20.1 |
|
$ |
19.7 |
|
$ |
23.2 |
|
$ |
16.9 |
|
$ |
20.6 |
|
$ |
20.0 |
|
$ |
23.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Average Loans (in billions) (1) |
|
$ |
42.7 |
|
$ |
43.6 |
|
$ |
44.9 |
|
$ |
45.3 |
|
$ |
44.5 |
|
$ |
45.6 |
|
$ |
46.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Loans (in billions) (1) |
|
$ |
43.3 |
|
$ |
43.9 |
|
$ |
47.3 |
|
$ |
44.2 |
|
$ |
45.2 |
|
$ |
45.9 |
|
$ |
49.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Average Yield (2) |
|
17.01 |
% |
17.06 |
% |
16.92 |
% |
17.14 |
% |
17.38 |
% |
17.51 |
% |
17.06 |
% | |||||||
|
Total Net Interest Revenue (3) |
|
$ |
1,834 |
|
$ |
1,923 |
|
$ |
1,947 |
|
$ |
1,908 |
|
$ |
1,897 |
|
$ |
1,986 |
|
$ |
1,954 |
|
|
As a % of Avg. Loans (3) |
|
17.27 |
% |
17.55 |
% |
17.25 |
% |
17.08 |
% |
17.10 |
% |
17.28 |
% |
16.53 |
% | |||||||
|
Net Credit Losses |
|
$ |
442 |
|
$ |
427 |
|
$ |
483 |
|
$ |
520 |
|
$ |
531 |
|
$ |
540 |
|
$ |
564 |
|
|
As a % of Average Loans |
|
4.16 |
% |
3.90 |
% |
4.28 |
% |
4.66 |
% |
4.79 |
% |
4.70 |
% |
4.77 |
% | |||||||
|
Net Credit Margin (4) |
|
$ |
1,063 |
|
$ |
1,182 |
|
$ |
1,096 |
|
$ |
1,067 |
|
$ |
1,037 |
|
$ |
1,108 |
|
$ |
1,038 |
|
|
As a % of Avg. Loans (4) |
|
10.01 |
% |
10.79 |
% |
9.71 |
% |
9.55 |
% |
9.35 |
% |
9.64 |
% |
8.78 |
% | |||||||
|
Loans 90+ Days Past Due |
|
$ |
619 |
|
$ |
664 |
|
$ |
761 |
|
$ |
735 |
|
$ |
693 |
|
$ |
772 |
|
$ |
845 |
|
|
As a % of EOP Loans |
|
1.43 |
% |
1.51 |
% |
1.61 |
% |
1.66 |
% |
1.53 |
% |
1.68 |
% |
1.72 |
% | |||||||
|
Loans 30-89 Days Past Due |
|
$ |
669 |
|
$ |
750 |
|
$ |
777 |
|
$ |
730 |
|
$ |
730 |
|
$ |
836 |
|
$ |
830 |
|
|
As a % of EOP Loans |
|
1.55 |
% |
1.71 |
% |
1.64 |
% |
1.65 |
% |
1.62 |
% |
1.82 |
% |
1.69 |
% | |||||||
(1) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(2) Average yield is calculated as gross interest revenue earned on loans divided by average loans.
(3) Net interest revenue includes certain fees that are recorded as interest revenue.
(4) Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.
(5) As previously announced, the Hilton Honors co-brand credit card partnership with Citi was scheduled to terminate as of year-end 2017. On October 23, 2017, Citi signed an agreement to sell the Hilton credit card portfolio ($1.2 billion in outstanding loan balances in Citi-branded cards) to American Express. In connection with the sale agreement, the existing partnership was extended through the closing date. The sale closed in the first quarter of 2018 with a pretax gain of approximately $150 million, which approximates one year of revenues from the portfolio; as these loans are intended for sale, they were reclassified as held-for-sale and recorded in Other assets as of November 1, 2017.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING LATIN AMERICA (1) - PAGE 1 (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Interest Revenue |
|
$ |
1,110 |
|
$ |
1,141 |
|
$ |
1,160 |
|
$ |
1,187 |
|
$ |
1,128 |
|
$ |
1,170 |
|
$ |
1,224 |
|
$ |
1,180 |
|
$ |
1,028 |
|
$ |
1,023 |
|
$ |
1,012 |
|
$ |
1,006 |
|
$ |
900 |
|
|
Non-Interest Revenue |
|
481 |
|
481 |
|
438 |
|
510 |
|
443 |
|
464 |
|
472 |
|
463 |
|
400 |
|
405 |
|
529 |
|
353 |
|
341 |
| |||||||||||||
|
Total Revenues, Net of Interest Expense |
|
1,591 |
|
1,622 |
|
1,598 |
|
1,697 |
|
1,571 |
|
1,634 |
|
1,696 |
|
1,643 |
|
1,428 |
|
1,428 |
|
1,541 |
|
1,359 |
|
1,241 |
| |||||||||||||
|
Total Operating Expenses |
|
817 |
|
872 |
|
861 |
|
878 |
|
865 |
|
919 |
|
907 |
|
911 |
|
801 |
|
850 |
|
799 |
|
830 |
|
729 |
| |||||||||||||
|
Net Credit Losses |
|
289 |
|
299 |
|
295 |
|
319 |
|
346 |
|
366 |
|
380 |
|
423 |
|
356 |
|
316 |
|
301 |
|
307 |
|
278 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
19 |
|
86 |
|
161 |
|
54 |
|
45 |
|
106 |
|
9 |
|
(32 |
) |
(8 |
) |
19 |
|
19 |
|
3 |
|
17 |
| |||||||||||||
|
Provision for Unfunded Lending Commitments |
|
|
|
|
|
(1 |
) |
|
|
|
|
1 |
|
(1 |
) |
|
|
(3 |
) |
|
|
1 |
|
|
|
1 |
| |||||||||||||
|
Provision for Benefits and Claims |
|
39 |
|
22 |
|
21 |
|
24 |
|
34 |
|
15 |
|
26 |
|
29 |
|
18 |
|
12 |
|
17 |
|
22 |
|
19 |
| |||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC) |
|
347 |
|
407 |
|
476 |
|
397 |
|
425 |
|
488 |
|
414 |
|
420 |
|
363 |
|
347 |
|
338 |
|
332 |
|
315 |
| |||||||||||||
|
Income from Continuing Operations before Taxes |
|
427 |
|
343 |
|
261 |
|
422 |
|
281 |
|
227 |
|
375 |
|
312 |
|
264 |
|
231 |
|
404 |
|
197 |
|
197 |
| |||||||||||||
|
Income Taxes |
|
107 |
|
72 |
|
49 |
|
106 |
|
59 |
|
20 |
|
90 |
|
68 |
|
57 |
|
50 |
|
106 |
|
55 |
|
51 |
| |||||||||||||
|
Income from Continuing Operations |
|
320 |
|
271 |
|
212 |
|
316 |
|
222 |
|
207 |
|
285 |
|
244 |
|
207 |
|
181 |
|
298 |
|
142 |
|
146 |
| |||||||||||||
|
Noncontrolling Interests |
|
1 |
|
|
|
1 |
|
1 |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
2 |
|
1 |
|
|
|
1 |
| |||||||||||||
|
Net Income |
|
$ |
319 |
|
$ |
271 |
|
$ |
211 |
|
$ |
315 |
|
$ |
220 |
|
$ |
205 |
|
$ |
283 |
|
$ |
244 |
|
$ |
207 |
|
$ |
179 |
|
$ |
297 |
|
$ |
142 |
|
$ |
145 |
|
|
Average Assets (in billions of dollars) |
|
$ |
67 |
|
$ |
64 |
|
$ |
63 |
|
$ |
64 |
|
$ |
63 |
|
$ |
63 |
|
$ |
62 |
|
$ |
60 |
|
$ |
56 |
|
$ |
54 |
|
$ |
50 |
|
$ |
51 |
|
$ |
48 |
|
|
Return on Average Assets |
|
1.93 |
% |
1.70 |
% |
1.33 |
% |
1.95 |
% |
1.42 |
% |
1.31 |
% |
1.81 |
% |
1.61 |
% |
1.50 |
% |
1.33 |
% |
2.36 |
% |
1.10 |
% |
1.21 |
% | |||||||||||||
|
Efficiency Ratio |
|
51 |
% |
54 |
% |
54 |
% |
52 |
% |
55 |
% |
56 |
% |
53 |
% |
55 |
% |
56 |
% |
60 |
% |
52 |
% |
61 |
% |
59 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
3.99 |
% |
4.00 |
% |
3.95 |
% |
4.15 |
% |
4.66 |
% |
4.77 |
% |
4.98 |
% |
5.75 |
% |
5.31 |
% |
4.71 |
% |
4.70 |
% |
4.78 |
% |
4.58 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
1,107 |
|
$ |
1,111 |
|
$ |
1,080 |
|
$ |
1,144 |
|
$ |
1,063 |
|
$ |
1,094 |
|
$ |
1,125 |
|
$ |
1,081 |
|
$ |
968 |
|
$ |
971 |
|
$ |
1,096 |
|
$ |
932 |
|
$ |
868 |
|
|
Citi-Branded Cards |
|
484 |
|
511 |
|
518 |
|
553 |
|
508 |
|
540 |
|
571 |
|
562 |
|
460 |
|
457 |
|
445 |
|
427 |
|
373 |
| |||||||||||||
|
Total |
|
$ |
1,591 |
|
$ |
1,622 |
|
$ |
1,598 |
|
$ |
1,697 |
|
$ |
1,571 |
|
$ |
1,634 |
|
$ |
1,696 |
|
$ |
1,643 |
|
$ |
1,428 |
|
$ |
1,428 |
|
$ |
1,541 |
|
$ |
1,359 |
|
$ |
1,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
137 |
|
$ |
144 |
|
$ |
140 |
|
$ |
151 |
|
$ |
155 |
|
$ |
160 |
|
$ |
164 |
|
$ |
220 |
|
$ |
150 |
|
$ |
142 |
|
$ |
138 |
|
$ |
159 |
|
$ |
134 |
|
|
Citi-Branded Cards |
|
152 |
|
155 |
|
155 |
|
168 |
|
191 |
|
206 |
|
216 |
|
203 |
|
206 |
|
174 |
|
163 |
|
148 |
|
144 |
| |||||||||||||
|
Total |
|
$ |
289 |
|
$ |
299 |
|
$ |
295 |
|
$ |
319 |
|
$ |
346 |
|
$ |
366 |
|
$ |
380 |
|
$ |
423 |
|
$ |
356 |
|
$ |
316 |
|
$ |
301 |
|
$ |
307 |
|
$ |
278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income from Continuing Operations by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
226 |
|
$ |
166 |
|
$ |
113 |
|
$ |
204 |
|
$ |
148 |
|
$ |
161 |
|
$ |
173 |
|
$ |
130 |
|
$ |
134 |
|
$ |
112 |
|
$ |
220 |
|
$ |
55 |
|
$ |
89 |
|
|
Citi-Branded Cards |
|
94 |
|
105 |
|
99 |
|
112 |
|
74 |
|
46 |
|
112 |
|
114 |
|
73 |
|
69 |
|
78 |
|
87 |
|
57 |
| |||||||||||||
|
Total |
|
$ |
320 |
|
$ |
271 |
|
$ |
212 |
|
$ |
316 |
|
$ |
222 |
|
$ |
207 |
|
$ |
285 |
|
$ |
244 |
|
$ |
207 |
|
$ |
181 |
|
$ |
298 |
|
$ |
142 |
|
$ |
146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
FX Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Revenue - as Reported |
|
$ |
1,591 |
|
$ |
1,622 |
|
$ |
1,598 |
|
$ |
1,697 |
|
$ |
1,571 |
|
$ |
1,634 |
|
$ |
1,696 |
|
$ |
1,643 |
|
$ |
1,428 |
|
$ |
1,428 |
|
$ |
1,541 |
|
$ |
1,359 |
|
$ |
1,241 |
|
|
Impact of FX Translation (2) |
|
(533 |
) |
(534 |
) |
(496 |
) |
(527 |
) |
(478 |
) |
(517 |
) |
(506 |
) |
(432 |
) |
(298 |
) |
(318 |
) |
(203 |
) |
(169 |
) |
(85 |
) | |||||||||||||
|
Total Revenues - Ex-FX (2) |
|
$ |
1,058 |
|
$ |
1,088 |
|
$ |
1,102 |
|
$ |
1,170 |
|
$ |
1,093 |
|
$ |
1,117 |
|
$ |
1,190 |
|
$ |
1,211 |
|
$ |
1,130 |
|
$ |
1,110 |
|
$ |
1,338 |
|
$ |
1,190 |
|
$ |
1,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Operating Expenses - as Reported |
|
$ |
817 |
|
$ |
872 |
|
$ |
861 |
|
$ |
878 |
|
$ |
865 |
|
$ |
919 |
|
$ |
907 |
|
$ |
911 |
|
$ |
801 |
|
$ |
850 |
|
$ |
799 |
|
$ |
830 |
|
$ |
729 |
|
|
Impact of FX Translation (2) |
|
(242 |
) |
(263 |
) |
(211 |
) |
(239 |
) |
(238 |
) |
(259 |
) |
(247 |
) |
(217 |
) |
(125 |
) |
(123 |
) |
(84 |
) |
(78 |
) |
(36 |
) | |||||||||||||
|
Total Operating Expenses - Ex-FX (2) |
|
$ |
575 |
|
$ |
609 |
|
$ |
650 |
|
$ |
639 |
|
$ |
627 |
|
$ |
660 |
|
$ |
660 |
|
$ |
694 |
|
$ |
676 |
|
$ |
727 |
|
$ |
715 |
|
$ |
752 |
|
$ |
693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Provisions for LLR & PBC - as Reported |
|
$ |
347 |
|
$ |
407 |
|
$ |
476 |
|
$ |
397 |
|
$ |
425 |
|
$ |
488 |
|
$ |
414 |
|
$ |
420 |
|
$ |
363 |
|
$ |
347 |
|
$ |
338 |
|
$ |
332 |
|
$ |
315 |
|
|
Impact of FX Translation (2) |
|
(118 |
) |
(137 |
) |
(150 |
) |
(127 |
) |
(131 |
) |
(157 |
) |
(128 |
) |
(112 |
) |
(77 |
) |
(66 |
) |
(46 |
) |
(41 |
) |
(21 |
) | |||||||||||||
|
Provisions for LLR & PBC - Ex-FX (2) |
|
$ |
229 |
|
$ |
270 |
|
$ |
326 |
|
$ |
270 |
|
$ |
294 |
|
$ |
331 |
|
$ |
286 |
|
$ |
308 |
|
$ |
286 |
|
$ |
281 |
|
$ |
292 |
|
$ |
291 |
|
$ |
294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Income - as Reported |
|
$ |
319 |
|
$ |
271 |
|
$ |
211 |
|
$ |
315 |
|
$ |
220 |
|
$ |
205 |
|
$ |
283 |
|
$ |
244 |
|
$ |
207 |
|
$ |
179 |
|
$ |
297 |
|
$ |
142 |
|
$ |
145 |
|
|
Impact of FX Translation (2) |
|
(124 |
) |
(98 |
) |
(99 |
) |
(112 |
) |
(80 |
) |
(81 |
) |
(93 |
) |
(77 |
) |
(76 |
) |
(95 |
) |
(56 |
) |
(39 |
) |
(18 |
) | |||||||||||||
|
Net Income - Ex-FX (2) |
|
$ |
195 |
|
$ |
173 |
|
$ |
112 |
|
$ |
203 |
|
$ |
140 |
|
$ |
124 |
|
$ |
190 |
|
$ |
167 |
|
$ |
131 |
|
$ |
84 |
|
$ |
241 |
|
$ |
103 |
|
$ |
127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Interest Revenue |
|
$ |
904 |
|
$ |
918 |
|
$ |
884 |
|
$ |
848 |
|
$ |
967 |
|
$ |
1,038 |
|
$ |
991 |
|
|
$ |
4,598 |
|
$ |
4,702 |
|
$ |
4,069 |
|
$ |
3,606 |
|
$ |
3,844 |
|
|
Non-Interest Revenue |
|
343 |
|
339 |
|
342 |
|
319 |
|
341 |
|
350 |
|
368 |
|
|
1,910 |
|
1,842 |
|
1,687 |
|
1,365 |
|
1,378 |
| ||||||||||||
|
Total Revenues, Net of Interest Expense |
|
1,247 |
|
1,257 |
|
1,226 |
|
1,167 |
|
1,308 |
|
1,388 |
|
1,359 |
|
|
6,508 |
|
6,544 |
|
5,756 |
|
4,971 |
|
5,222 |
| ||||||||||||
|
Total Operating Expenses |
|
736 |
|
719 |
|
701 |
|
667 |
|
745 |
|
779 |
|
768 |
|
|
3,428 |
|
3,602 |
|
3,280 |
|
2,885 |
|
2,959 |
| ||||||||||||
|
Net Credit Losses |
|
260 |
|
254 |
|
248 |
|
253 |
|
277 |
|
295 |
|
292 |
|
|
1,202 |
|
1,515 |
|
1,280 |
|
1,040 |
|
1,117 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(2 |
) |
32 |
|
36 |
|
12 |
|
50 |
|
44 |
|
19 |
|
|
320 |
|
128 |
|
33 |
|
83 |
|
125 |
| ||||||||||||
|
Provision for Unfunded Lending Commitments |
|
1 |
|
|
|
(1 |
) |
|
|
(1 |
) |
(1 |
) |
1 |
|
|
(1 |
) |
|
|
(2 |
) |
1 |
|
(1 |
) | ||||||||||||
|
Provision for Benefits and Claims |
|
12 |
|
18 |
|
23 |
|
23 |
|
15 |
|
19 |
|
26 |
|
|
106 |
|
104 |
|
69 |
|
72 |
|
83 |
| ||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC) |
|
271 |
|
304 |
|
306 |
|
288 |
|
341 |
|
357 |
|
338 |
|
|
1,627 |
|
1,747 |
|
1,380 |
|
1,196 |
|
1,324 |
| ||||||||||||
|
Income from Continuing Operations before Taxes |
|
240 |
|
234 |
|
219 |
|
212 |
|
222 |
|
252 |
|
253 |
|
|
1,453 |
|
1,195 |
|
1,096 |
|
890 |
|
939 |
| ||||||||||||
|
Income Taxes |
|
67 |
|
74 |
|
65 |
|
77 |
|
81 |
|
83 |
|
88 |
|
|
334 |
|
237 |
|
268 |
|
257 |
|
329 |
| ||||||||||||
|
Income from Continuing Operations |
|
173 |
|
160 |
|
154 |
|
135 |
|
141 |
|
169 |
|
165 |
|
|
1,119 |
|
958 |
|
828 |
|
633 |
|
610 |
| ||||||||||||
|
Noncontrolling Interests |
|
1 |
|
2 |
|
1 |
|
1 |
|
2 |
|
1 |
|
1 |
|
|
3 |
|
6 |
|
3 |
|
5 |
|
5 |
| ||||||||||||
|
Net Income |
|
$ |
172 |
|
$ |
158 |
|
$ |
153 |
|
$ |
134 |
|
$ |
139 |
|
$ |
168 |
|
$ |
164 |
|
|
$ |
1,116 |
|
$ |
952 |
|
$ |
825 |
|
$ |
628 |
|
$ |
605 |
|
|
Average Assets (in billions of dollars) |
|
$ |
48 |
|
$ |
48 |
|
$ |
45 |
|
$ |
42 |
|
$ |
45 |
|
$ |
47 |
|
$ |
44 |
|
|
$ |
65 |
|
$ |
62 |
|
$ |
53 |
|
$ |
47 |
|
$ |
45 |
|
|
Return on Average Assets |
|
1.44 |
% |
1.31 |
% |
1.35 |
% |
1.29 |
% |
1.24 |
% |
1.42 |
% |
1.48 |
% |
|
1.72 |
% |
1.54 |
% |
1.56 |
% |
1.34 |
% |
1.34 |
% | ||||||||||||
|
Efficiency Ratio |
|
59 |
% |
57 |
% |
57 |
% |
57 |
% |
57 |
% |
56 |
% |
57 |
% |
|
53 |
% |
55 |
% |
57 |
% |
58 |
% |
57 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
4.30 |
% |
4.18 |
% |
4.20 |
% |
4.44 |
% |
4.36 |
% |
4.37 |
% |
4.51 |
% |
|
4.02 |
% |
5.02 |
% |
4.87 |
% |
4.32 |
% |
4.42 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
863 |
|
$ |
892 |
|
$ |
870 |
|
$ |
850 |
|
$ |
939 |
|
$ |
992 |
|
$ |
971 |
|
|
$ |
4,442 |
|
$ |
4,363 |
|
$ |
3,967 |
|
$ |
3,493 |
|
$ |
3,752 |
|
|
Citi-Branded Cards |
|
384 |
|
365 |
|
356 |
|
317 |
|
369 |
|
396 |
|
388 |
|
|
2,066 |
|
2,181 |
|
1,789 |
|
1,478 |
|
1,470 |
| ||||||||||||
|
Total |
|
$ |
1,247 |
|
$ |
1,257 |
|
$ |
1,226 |
|
$ |
1,167 |
|
$ |
1,308 |
|
$ |
1,388 |
|
$ |
1,359 |
|
|
$ |
6,508 |
|
$ |
6,544 |
|
$ |
5,756 |
|
$ |
4,971 |
|
$ |
5,222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
137 |
|
$ |
132 |
|
$ |
138 |
|
$ |
137 |
|
$ |
151 |
|
$ |
143 |
|
$ |
153 |
|
|
$ |
572 |
|
$ |
699 |
|
$ |
589 |
|
$ |
541 |
|
$ |
584 |
|
|
Citi-Branded Cards |
|
123 |
|
122 |
|
110 |
|
116 |
|
126 |
|
152 |
|
139 |
|
|
630 |
|
816 |
|
691 |
|
499 |
|
533 |
| ||||||||||||
|
Total |
|
$ |
260 |
|
$ |
254 |
|
$ |
248 |
|
$ |
253 |
|
$ |
277 |
|
$ |
295 |
|
$ |
292 |
|
|
$ |
1,202 |
|
$ |
1,515 |
|
$ |
1,280 |
|
$ |
1,040 |
|
$ |
1,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income from Continuing Operations by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
96 |
|
$ |
83 |
|
$ |
84 |
|
$ |
90 |
|
$ |
91 |
|
$ |
129 |
|
$ |
116 |
|
|
$ |
709 |
|
$ |
612 |
|
$ |
521 |
|
$ |
352 |
|
$ |
426 |
|
|
Citi-Branded Cards |
|
77 |
|
77 |
|
70 |
|
45 |
|
50 |
|
40 |
|
49 |
|
|
410 |
|
346 |
|
307 |
|
281 |
|
184 |
| ||||||||||||
|
Total |
|
$ |
173 |
|
$ |
160 |
|
$ |
154 |
|
$ |
135 |
|
$ |
141 |
|
$ |
169 |
|
$ |
165 |
|
|
$ |
1,119 |
|
$ |
958 |
|
$ |
828 |
|
$ |
633 |
|
$ |
610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
FX Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Revenue - as Reported |
|
$ |
1,247 |
|
$ |
1,257 |
|
$ |
1,226 |
|
$ |
1,167 |
|
$ |
1,308 |
|
$ |
1,388 |
|
$ |
1,359 |
|
|
$ |
6,508 |
|
$ |
6,544 |
|
$ |
5,756 |
|
$ |
4,971 |
|
$ |
5,222 |
|
|
Impact of FX Translation (2) |
|
(74 |
) |
(9 |
) |
50 |
|
39 |
|
(39 |
) |
(86 |
) |
|
|
|
(2,022 |
) |
(1,865 |
) |
(912 |
) |
(46 |
) |
|
| ||||||||||||
|
Total Revenues - Ex-FX (2) |
|
$ |
1,173 |
|
$ |
1,248 |
|
$ |
1,276 |
|
$ |
1,206 |
|
$ |
1,269 |
|
$ |
1,302 |
|
$ |
1,359 |
|
|
$ |
4,486 |
|
$ |
4,679 |
|
$ |
4,844 |
|
$ |
4,925 |
|
$ |
5,222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Operating Expenses - as Reported |
|
$ |
736 |
|
$ |
719 |
|
$ |
701 |
|
$ |
667 |
|
$ |
745 |
|
$ |
779 |
|
$ |
768 |
|
|
$ |
3,428 |
|
$ |
3,602 |
|
$ |
3,280 |
|
$ |
2,885 |
|
$ |
2,959 |
|
|
Impact of FX Translation (2) |
|
(35 |
) |
(4 |
) |
25 |
|
19 |
|
(18 |
) |
(40 |
) |
|
|
|
(923 |
) |
(928 |
) |
(381 |
) |
(20 |
) |
|
| ||||||||||||
|
Total Operating Expenses - Ex-FX (2) |
|
$ |
701 |
|
$ |
715 |
|
$ |
726 |
|
$ |
686 |
|
$ |
727 |
|
$ |
739 |
|
$ |
768 |
|
|
$ |
2,505 |
|
$ |
2,674 |
|
$ |
2,899 |
|
$ |
2,865 |
|
$ |
2,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Provisions for LLR & PBC - as Reported |
|
$ |
271 |
|
$ |
304 |
|
$ |
306 |
|
$ |
288 |
|
$ |
341 |
|
$ |
357 |
|
$ |
338 |
|
|
$ |
1,627 |
|
$ |
1,747 |
|
$ |
1,380 |
|
$ |
1,196 |
|
$ |
1,324 |
|
|
Impact of FX Translation (2) |
|
(16 |
) |
(2 |
) |
14 |
|
10 |
|
(10 |
) |
(22 |
) |
|
|
|
(517 |
) |
(508 |
) |
(211 |
) |
(10 |
) |
|
| ||||||||||||
|
Provisions for LLR & PBC - Ex-FX (2) |
|
$ |
255 |
|
$ |
302 |
|
$ |
320 |
|
$ |
298 |
|
$ |
331 |
|
$ |
335 |
|
$ |
338 |
|
|
$ |
1,110 |
|
$ |
1,239 |
|
$ |
1,169 |
|
$ |
1,186 |
|
$ |
1,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Income - as Reported |
|
$ |
172 |
|
$ |
158 |
|
$ |
153 |
|
$ |
134 |
|
$ |
139 |
|
$ |
168 |
|
$ |
164 |
|
|
$ |
1,116 |
|
$ |
952 |
|
$ |
825 |
|
$ |
628 |
|
$ |
605 |
|
|
Impact of FX Translation (2) |
|
(18 |
) |
(2 |
) |
8 |
|
6 |
|
(6 |
) |
(14 |
) |
|
|
|
(419 |
) |
(319 |
) |
(244 |
) |
(9 |
) |
|
| ||||||||||||
|
Net Income - Ex-FX (2) |
|
$ |
154 |
|
$ |
156 |
|
$ |
161 |
|
$ |
140 |
|
$ |
133 |
|
$ |
154 |
|
$ |
164 |
|
|
$ |
697 |
|
$ |
633 |
|
$ |
581 |
|
$ |
619 |
|
$ |
605 |
|
(1) Latin America GCB consists of Cits consumer banking operations in Mexico.
(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the fourth quarter of 2017 and full year 2017 average exchange rates for all periods presented.
Citigroups results of operations excluding the impact of FX translation are non-GAAP financial measures.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING LATIN AMERICA - PAGE 2 |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Branches (actual) |
|
1,687 |
|
1,686 |
|
1,678 |
|
1,686 |
|
1,618 |
|
1,626 |
|
1,634 |
|
1,542 |
|
1,498 |
|
1,497 |
|
1,495 |
|
1,492 |
|
1,493 |
| |||||||||||||
|
Accounts (in millions) |
|
26.3 |
|
26.7 |
|
26.5 |
|
26.8 |
|
26.4 |
|
26.9 |
|
26.4 |
|
26.2 |
|
25.4 |
|
25.7 |
|
25.8 |
|
26.0 |
|
26.3 |
| |||||||||||||
|
Average Deposits |
|
$ |
29.4 |
|
$ |
28.7 |
|
$ |
28.5 |
|
$ |
30.4 |
|
$ |
29.1 |
|
$ |
30.0 |
|
$ |
30.0 |
|
$ |
29.4 |
|
$ |
28.0 |
|
$ |
27.3 |
|
$ |
25.7 |
|
$ |
25.9 |
|
$ |
26.1 |
|
|
Investment Sales |
|
$ |
7.8 |
|
$ |
8.5 |
|
$ |
8.1 |
|
$ |
7.6 |
|
$ |
9.2 |
|
$ |
10.2 |
|
$ |
12.0 |
|
$ |
9.0 |
|
$ |
8.5 |
|
$ |
6.9 |
|
$ |
6.8 |
|
$ |
6.9 |
|
$ |
5.7 |
|
|
Investment AUMs |
|
$ |
41.8 |
|
$ |
38.5 |
|
$ |
38.5 |
|
$ |
41.2 |
|
$ |
41.9 |
|
$ |
44.1 |
|
$ |
43.6 |
|
$ |
39.7 |
|
$ |
38.3 |
|
$ |
37.8 |
|
$ |
35.9 |
|
$ |
34.4 |
|
$ |
34.3 |
|
|
Average Loans |
|
$ |
22.6 |
|
$ |
23.0 |
|
$ |
22.6 |
|
$ |
23.1 |
|
$ |
22.9 |
|
$ |
23.4 |
|
$ |
23.0 |
|
$ |
22.1 |
|
$ |
20.8 |
|
$ |
20.8 |
|
$ |
19.8 |
|
$ |
20.0 |
|
$ |
19.2 |
|
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Mortgages |
|
$ |
5.6 |
|
$ |
5.5 |
|
$ |
5.2 |
|
$ |
5.5 |
|
$ |
5.6 |
|
$ |
5.6 |
|
$ |
5.3 |
|
$ |
4.7 |
|
$ |
4.7 |
|
$ |
4.5 |
|
$ |
4.1 |
|
$ |
3.9 |
|
$ |
4.6 |
|
|
Commercial Banking |
|
10.1 |
|
9.8 |
|
9.4 |
|
10.3 |
|
9.7 |
|
9.9 |
|
9.5 |
|
8.7 |
|
8.5 |
|
8.8 |
|
8.3 |
|
8.8 |
|
8.7 |
| |||||||||||||
|
Personal and Other |
|
7.7 |
|
7.5 |
|
7.6 |
|
7.7 |
|
7.8 |
|
8.0 |
|
8.0 |
|
7.6 |
|
7.6 |
|
7.5 |
|
7.1 |
|
7.0 |
|
6.5 |
| |||||||||||||
|
Total EOP Loans |
|
$ |
23.4 |
|
$ |
22.8 |
|
$ |
22.2 |
|
$ |
23.5 |
|
$ |
23.1 |
|
$ |
23.5 |
|
$ |
22.8 |
|
$ |
21.0 |
|
$ |
20.8 |
|
$ |
20.8 |
|
$ |
19.5 |
|
$ |
19.7 |
|
$ |
19.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Net Interest Revenue (in millions) (1) |
|
$ |
728 |
|
$ |
719 |
|
$ |
723 |
|
$ |
730 |
|
$ |
697 |
|
$ |
713 |
|
$ |
736 |
|
$ |
711 |
|
$ |
641 |
|
$ |
639 |
|
$ |
619 |
|
$ |
626 |
|
$ |
590 |
|
|
As a % of Average Loans (1) |
|
13.06 |
% |
12.54 |
% |
12.69 |
% |
12.54 |
% |
12.34 |
% |
12.22 |
% |
12.70 |
% |
12.76 |
% |
12.50 |
% |
12.32 |
% |
12.40 |
% |
12.42 |
% |
12.36 |
% | |||||||||||||
|
Net Credit Losses (in millions) |
|
$ |
137 |
|
$ |
144 |
|
$ |
140 |
|
$ |
151 |
|
$ |
155 |
|
$ |
160 |
|
$ |
164 |
|
$ |
220 |
|
$ |
150 |
|
$ |
142 |
|
$ |
138 |
|
$ |
159 |
|
$ |
134 |
|
|
As a % of Average Loans |
|
2.46 |
% |
2.51 |
% |
2.46 |
% |
2.59 |
% |
2.75 |
% |
2.74 |
% |
2.83 |
% |
3.95 |
% |
2.92 |
% |
2.74 |
% |
2.77 |
% |
3.15 |
% |
2.81 |
% | |||||||||||||
|
Loans 90+ Days Past Due (in millions) |
|
$ |
235 |
|
$ |
226 |
|
$ |
262 |
|
$ |
394 |
|
$ |
452 |
|
$ |
467 |
|
$ |
427 |
|
$ |
325 |
|
$ |
238 |
|
$ |
232 |
|
$ |
212 |
|
$ |
185 |
|
$ |
172 |
|
|
As a % of EOP Loans |
|
1.00 |
% |
0.99 |
% |
1.18 |
% |
1.68 |
% |
1.96 |
% |
1.99 |
% |
1.87 |
% |
1.55 |
% |
1.14 |
% |
1.12 |
% |
1.09 |
% |
0.94 |
% |
0.87 |
% | |||||||||||||
|
Loans 30-89 Days Past Due (in millions) |
|
$ |
303 |
|
$ |
250 |
|
$ |
338 |
|
$ |
294 |
|
$ |
258 |
|
$ |
266 |
|
$ |
239 |
|
$ |
235 |
|
$ |
229 |
|
$ |
217 |
|
$ |
239 |
|
$ |
184 |
|
$ |
256 |
|
|
As a % of EOP Loans |
|
1.29 |
% |
1.10 |
% |
1.52 |
% |
1.25 |
% |
1.12 |
% |
1.13 |
% |
1.05 |
% |
1.12 |
% |
1.10 |
% |
1.04 |
% |
1.23 |
% |
0.93 |
% |
1.29 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Open Accounts (in millions) |
|
6.1 |
|
6.2 |
|
6.3 |
|
6.2 |
|
6.2 |
|
6.1 |
|
6.1 |
|
5.9 |
|
5.9 |
|
5.9 |
|
5.7 |
|
5.6 |
|
5.6 |
| |||||||||||||
|
Purchase Sales (in billions) |
|
$ |
4.5 |
|
$ |
4.9 |
|
$ |
5.0 |
|
$ |
5.5 |
|
$ |
4.5 |
|
$ |
4.9 |
|
$ |
4.9 |
|
$ |
5.0 |
|
$ |
4.1 |
|
$ |
4.2 |
|
$ |
4.0 |
|
$ |
4.4 |
|
$ |
3.7 |
|
|
Average Loans (in billions) (2) |
|
$ |
6.8 |
|
$ |
7.0 |
|
$ |
7.0 |
|
$ |
7.4 |
|
$ |
7.2 |
|
$ |
7.4 |
|
$ |
7.3 |
|
$ |
7.1 |
|
$ |
6.4 |
|
$ |
6.1 |
|
$ |
5.6 |
|
$ |
5.5 |
|
$ |
5.2 |
|
|
EOP Loans (in billions) (2) |
|
$ |
7.1 |
|
$ |
7.0 |
|
$ |
7.1 |
|
$ |
7.4 |
|
$ |
7.2 |
|
$ |
7.4 |
|
$ |
7.3 |
|
$ |
6.7 |
|
$ |
6.1 |
|
$ |
5.9 |
|
$ |
5.4 |
|
$ |
5.4 |
|
$ |
5.3 |
|
|
Average Yield (3) |
|
23.65 |
% |
23.73 |
% |
24.33 |
% |
23.83 |
% |
23.61 |
% |
23.74 |
% |
24.52 |
% |
24.34 |
% |
23.05 |
% |
23.33 |
% |
25.63 |
% |
25.74 |
% |
23.14 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Net Interest Revenue (in millions) (4) |
|
$ |
382 |
|
$ |
422 |
|
$ |
437 |
|
$ |
457 |
|
$ |
431 |
|
$ |
457 |
|
$ |
488 |
|
$ |
469 |
|
$ |
387 |
|
$ |
384 |
|
$ |
393 |
|
$ |
380 |
|
$ |
310 |
|
|
As a % of Average Loans (4) |
|
22.78 |
% |
24.18 |
% |
24.77 |
% |
24.50 |
% |
24.28 |
% |
24.77 |
% |
26.52 |
% |
26.21 |
% |
24.52 |
% |
25.25 |
% |
27.84 |
% |
27.41 |
% |
23.98 |
% | |||||||||||||
|
Net Credit Losses (in millions) |
|
$ |
152 |
|
$ |
155 |
|
$ |
155 |
|
$ |
168 |
|
$ |
191 |
|
$ |
206 |
|
$ |
216 |
|
$ |
203 |
|
$ |
206 |
|
$ |
174 |
|
$ |
163 |
|
$ |
148 |
|
$ |
144 |
|
|
As a % of Average Loans |
|
9.07 |
% |
8.88 |
% |
8.78 |
% |
9.01 |
% |
10.76 |
% |
11.17 |
% |
11.74 |
% |
11.34 |
% |
13.05 |
% |
11.44 |
% |
11.55 |
% |
10.68 |
% |
11.14 |
% | |||||||||||||
|
Net Credit Margin (in millions) (5) |
|
$ |
332 |
|
$ |
356 |
|
$ |
363 |
|
$ |
385 |
|
$ |
317 |
|
$ |
334 |
|
$ |
355 |
|
$ |
359 |
|
$ |
254 |
|
$ |
283 |
|
$ |
282 |
|
$ |
279 |
|
$ |
229 |
|
|
As a % of Average Loans (5) |
|
19.80 |
% |
20.40 |
% |
20.57 |
% |
20.64 |
% |
17.86 |
% |
18.10 |
% |
19.29 |
% |
20.06 |
% |
16.10 |
% |
18.61 |
% |
19.98 |
% |
20.13 |
% |
17.71 |
% | |||||||||||||
|
Loans 90+ Days Past Due (in millions) |
|
$ |
191 |
|
$ |
194 |
|
$ |
200 |
|
$ |
223 |
|
$ |
232 |
|
$ |
245 |
|
$ |
244 |
|
$ |
242 |
|
$ |
203 |
|
$ |
200 |
|
$ |
169 |
|
$ |
173 |
|
$ |
149 |
|
|
As a % of EOP Loans |
|
2.69 |
% |
2.77 |
% |
2.82 |
% |
3.01 |
% |
3.22 |
% |
3.31 |
% |
3.34 |
% |
3.61 |
% |
3.33 |
% |
3.39 |
% |
3.13 |
% |
3.20 |
% |
2.81 |
% | |||||||||||||
|
Loans 30-89 Days Past Due (in millions) |
|
$ |
188 |
|
$ |
194 |
|
$ |
211 |
|
$ |
237 |
|
$ |
252 |
|
$ |
270 |
|
$ |
276 |
|
$ |
220 |
|
$ |
204 |
|
$ |
183 |
|
$ |
181 |
|
$ |
157 |
|
$ |
152 |
|
|
As a % of EOP Loans |
|
2.65 |
% |
2.77 |
% |
2.97 |
% |
3.20 |
% |
3.50 |
% |
3.65 |
% |
3.78 |
% |
3.28 |
% |
3.34 |
% |
3.10 |
% |
3.35 |
% |
2.91 |
% |
2.87 |
% | |||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Branches (actual) |
|
1,491 |
|
1,494 |
|
1,494 |
|
1,499 |
|
1,496 |
|
1,497 |
|
1,479 |
| |||||||
|
Accounts (in millions) |
|
26.6 |
|
27.7 |
|
27.6 |
|
27.9 |
|
28.0 |
|
27.6 |
|
27.7 |
| |||||||
|
Average Deposits |
|
$ |
25.9 |
|
$ |
25.7 |
|
$ |
25.2 |
|
$ |
25.3 |
|
$ |
27.8 |
|
$ |
28.8 |
|
$ |
27.8 |
|
|
Investment Sales |
|
$ |
6.1 |
|
$ |
5.9 |
|
$ |
5.9 |
|
$ |
5.5 |
|
$ |
5.7 |
|
$ |
6.8 |
|
$ |
6.0 |
|
|
Investment AUMs |
|
$ |
32.4 |
|
$ |
31.0 |
|
$ |
28.9 |
|
$ |
32.5 |
|
$ |
34.1 |
|
$ |
34.8 |
|
$ |
32.1 |
|
|
Average Loans |
|
$ |
19.2 |
|
$ |
19.1 |
|
$ |
18.5 |
|
$ |
18.3 |
|
$ |
20.2 |
|
$ |
21.2 |
|
$ |
20.3 |
|
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Mortgages |
|
$ |
4.2 |
|
$ |
4.1 |
|
$ |
3.9 |
|
$ |
4.4 |
|
$ |
4.6 |
|
$ |
4.6 |
|
$ |
4.1 |
|
|
Commercial Banking |
|
8.6 |
|
8.5 |
|
8.5 |
|
9.2 |
|
9.9 |
|
10.3 |
|
10.0 |
| |||||||
|
Personal and Other |
|
6.3 |
|
6.1 |
|
5.6 |
|
6.1 |
|
6.5 |
|
6.1 |
|
5.8 |
| |||||||
|
Total EOP Loans |
|
$ |
19.1 |
|
$ |
18.7 |
|
$ |
18.0 |
|
$ |
19.7 |
|
$ |
21.0 |
|
$ |
21.0 |
|
$ |
19.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Net Interest Revenue (in millions) (1) |
|
$ |
588 |
|
$ |
615 |
|
$ |
596 |
|
$ |
587 |
|
$ |
669 |
|
$ |
703 |
|
$ |
672 |
|
|
As a % of Average Loans (1) |
|
12.32 |
% |
12.81 |
% |
12.82 |
% |
13.01 |
% |
13.28 |
% |
13.16 |
% |
13.13 |
% | |||||||
|
Net Credit Losses (in millions) |
|
$ |
137 |
|
$ |
132 |
|
$ |
138 |
|
$ |
137 |
|
$ |
151 |
|
$ |
143 |
|
$ |
153 |
|
|
As a % of Average Loans |
|
2.87 |
% |
2.75 |
% |
2.97 |
% |
3.04 |
% |
3.00 |
% |
2.68 |
% |
2.99 |
% | |||||||
|
Loans 90+ Days Past Due (in millions) |
|
$ |
157 |
|
$ |
160 |
|
$ |
136 |
|
$ |
141 |
|
$ |
150 |
|
$ |
151 |
|
$ |
130 |
|
|
As a % of EOP Loans |
|
0.82 |
% |
0.86 |
% |
0.76 |
% |
0.72 |
% |
0.71 |
% |
0.72 |
% |
0.65 |
% | |||||||
|
Loans 30-89 Days Past Due (in millions) |
|
$ |
197 |
|
$ |
196 |
|
$ |
185 |
|
$ |
246 |
|
$ |
216 |
|
$ |
244 |
|
$ |
195 |
|
|
As a % of EOP Loans |
|
1.03 |
% |
1.05 |
% |
1.03 |
% |
1.25 |
% |
1.03 |
% |
1.16 |
% |
0.98 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Open Accounts (in millions) |
|
5.7 |
|
5.8 |
|
5.8 |
|
5.7 |
|
5.7 |
|
5.7 |
|
5.6 |
| |||||||
|
Purchase Sales (in billions) |
|
$ |
3.8 |
|
$ |
3.8 |
|
$ |
4.0 |
|
$ |
3.6 |
|
$ |
4.1 |
|
$ |
4.2 |
|
$ |
4.5 |
|
|
Average Loans (in billions) (2) |
|
$ |
5.1 |
|
$ |
5.1 |
|
$ |
5.0 |
|
$ |
4.8 |
|
$ |
5.3 |
|
$ |
5.6 |
|
$ |
5.4 |
|
|
EOP Loans (in billions) (2) |
|
$ |
5.0 |
|
$ |
4.9 |
|
$ |
4.8 |
|
$ |
5.2 |
|
$ |
5.5 |
|
$ |
5.6 |
|
$ |
5.4 |
|
|
Average Yield (3) |
|
23.34 |
% |
23.25 |
% |
23.31 |
% |
23.36 |
% |
23.81 |
% |
24.01 |
% |
24.18 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Net Interest Revenue (in millions) (4) |
|
$ |
316 |
|
$ |
303 |
|
$ |
288 |
|
$ |
261 |
|
$ |
298 |
|
$ |
335 |
|
$ |
319 |
|
|
As a % of Average Loans (4) |
|
24.92 |
% |
23.64 |
% |
22.91 |
% |
22.05 |
% |
22.55 |
% |
23.73 |
% |
23.44 |
% | |||||||
|
Net Credit Losses (in millions) |
|
$ |
123 |
|
$ |
122 |
|
$ |
110 |
|
$ |
116 |
|
$ |
126 |
|
$ |
152 |
|
$ |
139 |
|
|
As a % of Average Loans |
|
9.70 |
% |
9.52 |
% |
8.75 |
% |
9.80 |
% |
9.54 |
% |
10.77 |
% |
10.21 |
% | |||||||
|
Net Credit Margin (in millions) (5) |
|
$ |
261 |
|
$ |
243 |
|
$ |
246 |
|
$ |
201 |
|
$ |
245 |
|
$ |
249 |
|
$ |
253 |
|
|
As a % of Average Loans (5) |
|
20.58 |
% |
18.96 |
% |
19.57 |
% |
16.98 |
% |
18.54 |
% |
17.64 |
% |
18.59 |
% | |||||||
|
Loans 90+ Days Past Due (in millions) |
|
$ |
145 |
|
$ |
131 |
|
$ |
130 |
|
$ |
137 |
|
$ |
161 |
|
$ |
159 |
|
$ |
151 |
|
|
As a % of EOP Loans |
|
2.90 |
% |
2.67 |
% |
2.71 |
% |
2.63 |
% |
2.93 |
% |
2.84 |
% |
2.80 |
% | |||||||
|
Loans 30-89 Days Past Due (in millions) |
|
$ |
137 |
|
$ |
131 |
|
$ |
125 |
|
$ |
145 |
|
$ |
151 |
|
$ |
163 |
|
$ |
153 |
|
|
As a % of EOP Loans |
|
2.74 |
% |
2.67 |
% |
2.60 |
% |
2.79 |
% |
2.75 |
% |
2.91 |
% |
2.83 |
% | |||||||
(1) Also includes net interest revenue related to the regions average 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 on loans 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 periods presentation.
|
GLOBAL CONSUMER BANKING ASIA (1) - PAGE 1 (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Interest Revenue |
|
$ |
1,314 |
|
$ |
1,287 |
|
$ |
1,254 |
|
$ |
1,287 |
|
$ |
1,252 |
|
$ |
1,294 |
|
$ |
1,289 |
|
$ |
1,228 |
|
$ |
1,151 |
|
$ |
1,171 |
|
$ |
1,119 |
|
$ |
1,111 |
|
$ |
1,112 |
|
|
Non-Interest Revenue |
|
706 |
|
748 |
|
679 |
|
637 |
|
723 |
|
733 |
|
751 |
|
643 |
|
676 |
|
705 |
|
593 |
|
555 |
|
555 |
| |||||||||||||
|
Total Revenues, Net of Interest Expense |
|
2,020 |
|
2,035 |
|
1,933 |
|
1,924 |
|
1,975 |
|
2,027 |
|
2,040 |
|
1,871 |
|
1,827 |
|
1,876 |
|
1,712 |
|
1,666 |
|
1,667 |
| |||||||||||||
|
Total Operating Expenses |
|
1,280 |
|
1,250 |
|
1,227 |
|
1,275 |
|
1,237 |
|
1,526 |
|
1,305 |
|
1,245 |
|
1,197 |
|
1,205 |
|
1,144 |
|
1,147 |
|
1,209 |
| |||||||||||||
|
Net Credit Losses |
|
203 |
|
172 |
|
191 |
|
196 |
|
196 |
|
212 |
|
198 |
|
189 |
|
173 |
|
189 |
|
175 |
|
184 |
|
160 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
|
|
21 |
|
(20 |
) |
21 |
|
6 |
|
(12 |
) |
(20 |
) |
16 |
|
(42 |
) |
(8 |
) |
(61 |
) |
22 |
|
(11 |
) | |||||||||||||
|
Provision for Unfunded Lending Commitments |
|
14 |
|
10 |
|
12 |
|
(5 |
) |
(4 |
) |
(6 |
) |
(1 |
) |
(5 |
) |
2 |
|
(4 |
) |
|
|
|
|
|
| |||||||||||||
|
Provision for Benefits and Claims |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC) |
|
217 |
|
203 |
|
183 |
|
212 |
|
198 |
|
194 |
|
177 |
|
200 |
|
133 |
|
177 |
|
114 |
|
206 |
|
149 |
| |||||||||||||
|
Income from Continuing Operations before Taxes |
|
523 |
|
582 |
|
523 |
|
437 |
|
540 |
|
307 |
|
558 |
|
426 |
|
497 |
|
494 |
|
454 |
|
313 |
|
309 |
| |||||||||||||
|
Income Taxes |
|
161 |
|
195 |
|
179 |
|
142 |
|
180 |
|
96 |
|
187 |
|
142 |
|
166 |
|
164 |
|
156 |
|
102 |
|
103 |
| |||||||||||||
|
Income from Continuing Operations |
|
362 |
|
387 |
|
344 |
|
295 |
|
360 |
|
211 |
|
371 |
|
284 |
|
331 |
|
330 |
|
298 |
|
211 |
|
206 |
| |||||||||||||
|
Noncontrolling Interests |
|
3 |
|
5 |
|
3 |
|
|
|
5 |
|
5 |
|
4 |
|
3 |
|
(5 |
) |
3 |
|
6 |
|
|
|
1 |
| |||||||||||||
|
Net Income |
|
$ |
359 |
|
$ |
382 |
|
$ |
341 |
|
$ |
295 |
|
$ |
355 |
|
$ |
206 |
|
$ |
367 |
|
$ |
281 |
|
$ |
336 |
|
$ |
327 |
|
$ |
292 |
|
$ |
211 |
|
$ |
205 |
|
|
Average Assets (in billions) |
|
$ |
115 |
|
$ |
112 |
|
$ |
110 |
|
$ |
113 |
|
$ |
117 |
|
$ |
120 |
|
$ |
120 |
|
$ |
118 |
|
$ |
114 |
|
$ |
119 |
|
$ |
116 |
|
$ |
116 |
|
$ |
117 |
|
|
Return on Average Assets |
|
1.27 |
% |
1.37 |
% |
1.23 |
% |
1.04 |
% |
1.23 |
% |
0.69 |
% |
1.21 |
% |
0.94 |
% |
1.20 |
% |
1.10 |
% |
1.00 |
% |
0.72 |
% |
0.70 |
% | |||||||||||||
|
Efficiency Ratio |
|
63 |
% |
61 |
% |
63 |
% |
66 |
% |
63 |
% |
75 |
% |
64 |
% |
67 |
% |
66 |
% |
64 |
% |
67 |
% |
69 |
% |
73 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
0.91 |
% |
0.77 |
% |
0.86 |
% |
0.85 |
% |
0.87 |
% |
0.90 |
% |
0.83 |
% |
0.81 |
% |
0.78 |
% |
0.84 |
% |
0.80 |
% |
0.85 |
% |
0.76 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
1,230 |
|
$ |
1,223 |
|
$ |
1,152 |
|
$ |
1,129 |
|
$ |
1,224 |
|
$ |
1,237 |
|
$ |
1,252 |
|
$ |
1,152 |
|
$ |
1,162 |
|
$ |
1,190 |
|
$ |
1,076 |
|
$ |
1,022 |
|
$ |
1,045 |
|
|
Citi-Branded Cards |
|
790 |
|
812 |
|
781 |
|
795 |
|
751 |
|
790 |
|
788 |
|
719 |
|
665 |
|
686 |
|
636 |
|
644 |
|
622 |
| |||||||||||||
|
Total |
|
$ |
2,020 |
|
$ |
2,035 |
|
$ |
1,933 |
|
$ |
1,924 |
|
$ |
1,975 |
|
$ |
2,027 |
|
$ |
2,040 |
|
$ |
1,871 |
|
$ |
1,827 |
|
$ |
1,876 |
|
$ |
1,712 |
|
$ |
1,666 |
|
$ |
1,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
57 |
|
$ |
55 |
|
$ |
70 |
|
$ |
79 |
|
$ |
82 |
|
$ |
83 |
|
$ |
77 |
|
$ |
76 |
|
$ |
70 |
|
$ |
80 |
|
$ |
75 |
|
$ |
94 |
|
$ |
62 |
|
|
Citi-Branded Cards |
|
146 |
|
117 |
|
121 |
|
117 |
|
114 |
|
129 |
|
121 |
|
113 |
|
103 |
|
109 |
|
100 |
|
90 |
|
98 |
| |||||||||||||
|
Total |
|
$ |
203 |
|
$ |
172 |
|
$ |
191 |
|
$ |
196 |
|
$ |
196 |
|
$ |
212 |
|
$ |
198 |
|
$ |
189 |
|
$ |
173 |
|
$ |
189 |
|
$ |
175 |
|
$ |
184 |
|
$ |
160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Income from Continuing Operations by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking |
|
$ |
213 |
|
$ |
194 |
|
$ |
164 |
|
$ |
126 |
|
$ |
199 |
|
$ |
58 |
|
$ |
228 |
|
$ |
183 |
|
$ |
213 |
|
$ |
214 |
|
$ |
177 |
|
$ |
104 |
|
$ |
110 |
|
|
Citi-Branded Cards |
|
149 |
|
193 |
|
180 |
|
169 |
|
161 |
|
153 |
|
143 |
|
101 |
|
118 |
|
116 |
|
121 |
|
107 |
|
96 |
| |||||||||||||
|
Total |
|
$ |
362 |
|
$ |
387 |
|
$ |
344 |
|
$ |
295 |
|
$ |
360 |
|
$ |
211 |
|
$ |
371 |
|
$ |
284 |
|
$ |
331 |
|
$ |
330 |
|
$ |
298 |
|
$ |
211 |
|
$ |
206 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
FX Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Revenue - as Reported |
|
$ |
2,020 |
|
$ |
2,035 |
|
$ |
1,933 |
|
$ |
1,924 |
|
$ |
1,975 |
|
$ |
2,027 |
|
$ |
2,040 |
|
$ |
1,871 |
|
$ |
1,827 |
|
$ |
1,876 |
|
$ |
1,712 |
|
$ |
1,666 |
|
$ |
1,667 |
|
|
Impact of FX Translation (2) |
|
(225 |
) |
(189 |
) |
(147 |
) |
(159 |
) |
(133 |
) |
(168 |
) |
(149 |
) |
(72 |
) |
(20 |
) |
(25 |
) |
46 |
|
52 |
|
59 |
| |||||||||||||
|
Total Revenues - Ex-FX (2) |
|
$ |
1,795 |
|
$ |
1,846 |
|
$ |
1,786 |
|
$ |
1,765 |
|
$ |
1,842 |
|
$ |
1,859 |
|
$ |
1,891 |
|
$ |
1,799 |
|
$ |
1,807 |
|
$ |
1,851 |
|
$ |
1,758 |
|
$ |
1,718 |
|
$ |
1,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Operating Expenses - as Reported |
|
$ |
1,280 |
|
$ |
1,250 |
|
$ |
1,227 |
|
$ |
1,275 |
|
$ |
1,237 |
|
$ |
1,526 |
|
$ |
1,305 |
|
$ |
1,245 |
|
$ |
1,197 |
|
$ |
1,205 |
|
$ |
1,144 |
|
$ |
1,147 |
|
$ |
1,209 |
|
|
Impact of FX Translation (2) |
|
(136 |
) |
(110 |
) |
(92 |
) |
(107 |
) |
(98 |
) |
(132 |
) |
(110 |
) |
(58 |
) |
(13 |
) |
(24 |
) |
30 |
|
36 |
|
45 |
| |||||||||||||
|
Total Operating Expenses - Ex-FX (2) |
|
$ |
1,144 |
|
$ |
1,140 |
|
$ |
1,135 |
|
$ |
1,168 |
|
$ |
1,139 |
|
$ |
1,394 |
|
$ |
1,195 |
|
$ |
1,187 |
|
$ |
1,184 |
|
$ |
1,181 |
|
$ |
1,174 |
|
$ |
1,183 |
|
$ |
1,254 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Provisions for LLR & PBC - as Reported |
|
$ |
217 |
|
$ |
203 |
|
$ |
183 |
|
$ |
212 |
|
$ |
198 |
|
$ |
194 |
|
$ |
177 |
|
$ |
200 |
|
$ |
133 |
|
$ |
177 |
|
$ |
114 |
|
$ |
206 |
|
$ |
149 |
|
|
Impact of FX Translation (2) |
|
(39 |
) |
(18 |
) |
(15 |
) |
(20 |
) |
(18 |
) |
(28 |
) |
(26 |
) |
(16 |
) |
(4 |
) |
(6 |
) |
4 |
|
7 |
|
4 |
| |||||||||||||
|
Provisions for LLR & PBC - Ex-FX (2) |
|
$ |
178 |
|
$ |
185 |
|
$ |
168 |
|
$ |
192 |
|
$ |
180 |
|
$ |
166 |
|
$ |
151 |
|
$ |
184 |
|
$ |
129 |
|
$ |
171 |
|
$ |
118 |
|
$ |
213 |
|
$ |
153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Income - as Reported |
|
$ |
359 |
|
$ |
382 |
|
$ |
341 |
|
$ |
295 |
|
$ |
355 |
|
$ |
206 |
|
$ |
367 |
|
$ |
281 |
|
$ |
336 |
|
$ |
327 |
|
$ |
292 |
|
$ |
211 |
|
$ |
205 |
|
|
Impact of FX Translation (2) |
|
(17 |
) |
(20 |
) |
(12 |
) |
(12 |
) |
(4 |
) |
2 |
|
(3 |
) |
(29 |
) |
(3 |
) |
3 |
|
8 |
|
6 |
|
6 |
| |||||||||||||
|
Net Income - Ex-FX (2) |
|
$ |
342 |
|
$ |
362 |
|
$ |
329 |
|
$ |
283 |
|
$ |
351 |
|
$ |
208 |
|
$ |
364 |
|
$ |
252 |
|
$ |
333 |
|
$ |
330 |
|
$ |
300 |
|
$ |
217 |
|
$ |
211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Interest Revenue |
|
$ |
1,126 |
|
$ |
1,142 |
|
$ |
1,115 |
|
$ |
1,114 |
|
$ |
1,161 |
|
$ |
1,208 |
|
$ |
1,219 |
|
|
$ |
5,142 |
|
$ |
5,063 |
|
$ |
4,552 |
|
$ |
4,495 |
|
$ |
4,702 |
|
|
Non-Interest Revenue |
|
617 |
|
628 |
|
594 |
|
620 |
|
658 |
|
677 |
|
689 |
|
|
2,770 |
|
2,850 |
|
2,529 |
|
2,394 |
|
2,644 |
| ||||||||||||
|
Total Revenues, Net of Interest Expense |
|
1,743 |
|
1,770 |
|
1,709 |
|
1,734 |
|
1,819 |
|
1,885 |
|
1,908 |
|
|
7,912 |
|
7,913 |
|
7,081 |
|
6,889 |
|
7,346 |
| ||||||||||||
|
Total Operating Expenses |
|
1,168 |
|
1,148 |
|
1,150 |
|
1,187 |
|
1,194 |
|
1,191 |
|
1,227 |
|
|
5,032 |
|
5,313 |
|
4,693 |
|
4,675 |
|
4,799 |
| ||||||||||||
|
Net Credit Losses |
|
160 |
|
168 |
|
163 |
|
160 |
|
157 |
|
170 |
|
162 |
|
|
762 |
|
795 |
|
721 |
|
651 |
|
649 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(24 |
) |
(4 |
) |
11 |
|
13 |
|
(26 |
) |
(21 |
) |
5 |
|
|
22 |
|
(10 |
) |
(89 |
) |
(28 |
) |
(29 |
) | ||||||||||||
|
Provision for Unfunded Lending Commitments |
|
|
|
(3 |
) |
(1 |
) |
(1 |
) |
(2 |
) |
(1 |
) |
(1 |
) |
|
31 |
|
(16 |
) |
(2 |
) |
(4 |
) |
(5 |
) | ||||||||||||
|
Provision for Benefits and Claims |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC) |
|
136 |
|
161 |
|
173 |
|
172 |
|
129 |
|
148 |
|
166 |
|
|
815 |
|
769 |
|
630 |
|
619 |
|
615 |
| ||||||||||||
|
Income from Continuing Operations before Taxes |
|
439 |
|
461 |
|
386 |
|
375 |
|
496 |
|
546 |
|
515 |
|
|
2,065 |
|
1,831 |
|
1,758 |
|
1,595 |
|
1,932 |
| ||||||||||||
|
Income Taxes |
|
147 |
|
157 |
|
129 |
|
126 |
|
166 |
|
187 |
|
175 |
|
|
677 |
|
605 |
|
588 |
|
536 |
|
654 |
| ||||||||||||
|
Income from Continuing Operations |
|
292 |
|
304 |
|
257 |
|
249 |
|
330 |
|
359 |
|
340 |
|
|
1,388 |
|
1,226 |
|
1,170 |
|
1,059 |
|
1,278 |
| ||||||||||||
|
Noncontrolling Interests |
|
1 |
|
1 |
|
1 |
|
|
|
2 |
|
1 |
|
2 |
|
|
11 |
|
17 |
|
4 |
|
4 |
|
5 |
| ||||||||||||
|
Net Income |
|
$ |
291 |
|
$ |
303 |
|
$ |
256 |
|
$ |
249 |
|
$ |
328 |
|
$ |
358 |
|
$ |
338 |
|
|
$ |
1,377 |
|
$ |
1,209 |
|
$ |
1,166 |
|
$ |
1,055 |
|
$ |
1,273 |
|
|
Average Assets (in billions) |
|
$ |
118 |
|
$ |
121 |
|
$ |
120 |
|
$ |
123 |
|
$ |
125 |
|
$ |
124 |
|
$ |
125 |
|
|
$ |
113 |
|
$ |
119 |
|
$ |
116 |
|
$ |
119 |
|
$ |
124 |
|
|
Return on Average Assets |
|
0.99 |
% |
1.00 |
% |
0.85 |
% |
0.82 |
% |
1.05 |
% |
1.15 |
% |
1.07 |
% |
|
1.22 |
% |
1.02 |
% |
1.01 |
% |
0.89 |
% |
1.03 |
% | ||||||||||||
|
Efficiency Ratio |
|
67 |
% |
65 |
% |
67 |
% |
68 |
% |
66 |
% |
63 |
% |
64 |
% |
|
64 |
% |
67 |
% |
66 |
% |
68 |
% |
65 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses as a % of Average Loans |
|
0.76 |
% |
0.78 |
% |
0.79 |
% |
0.78 |
% |
0.74 |
% |
0.78 |
% |
0.73 |
% |
|
0.85 |
% |
0.85 |
% |
0.81 |
% |
0.77 |
% |
0.76 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Revenue by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
1,083 |
|
$ |
1,099 |
|
$ |
1,043 |
|
$ |
1,068 |
|
$ |
1,096 |
|
$ |
1,163 |
|
$ |
1,138 |
|
|
$ |
4,734 |
|
$ |
4,865 |
|
$ |
4,450 |
|
$ |
4,270 |
|
$ |
4,465 |
|
|
Citi-Branded Cards |
|
660 |
|
671 |
|
666 |
|
666 |
|
723 |
|
722 |
|
770 |
|
|
3,178 |
|
3,048 |
|
2,631 |
|
2,619 |
|
2,881 |
| ||||||||||||
|
Total |
|
$ |
1,743 |
|
$ |
1,770 |
|
$ |
1,709 |
|
$ |
1,734 |
|
$ |
1,819 |
|
$ |
1,885 |
|
$ |
1,908 |
|
|
$ |
7,912 |
|
$ |
7,913 |
|
$ |
7,081 |
|
$ |
6,889 |
|
$ |
7,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
61 |
|
$ |
73 |
|
$ |
65 |
|
$ |
62 |
|
$ |
54 |
|
$ |
69 |
|
$ |
60 |
|
|
$ |
261 |
|
$ |
318 |
|
$ |
319 |
|
$ |
261 |
|
$ |
245 |
|
|
Citi-Branded Cards |
|
99 |
|
95 |
|
98 |
|
98 |
|
103 |
|
101 |
|
102 |
|
|
501 |
|
477 |
|
402 |
|
390 |
|
404 |
| ||||||||||||
|
Total |
|
$ |
160 |
|
$ |
168 |
|
$ |
163 |
|
$ |
160 |
|
$ |
157 |
|
$ |
170 |
|
$ |
162 |
|
|
$ |
762 |
|
$ |
795 |
|
$ |
721 |
|
$ |
651 |
|
$ |
649 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Income from Continuing Operations by Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Retail Banking |
|
$ |
198 |
|
$ |
184 |
|
$ |
160 |
|
$ |
171 |
|
$ |
198 |
|
$ |
248 |
|
$ |
201 |
|
|
$ |
697 |
|
$ |
668 |
|
$ |
708 |
|
$ |
652 |
|
$ |
818 |
|
|
Citi-Branded Cards |
|
94 |
|
120 |
|
97 |
|
78 |
|
132 |
|
111 |
|
139 |
|
|
691 |
|
558 |
|
462 |
|
407 |
|
460 |
| ||||||||||||
|
Total |
|
$ |
292 |
|
$ |
304 |
|
$ |
257 |
|
$ |
249 |
|
$ |
330 |
|
$ |
359 |
|
$ |
340 |
|
|
$ |
1,388 |
|
$ |
1,226 |
|
$ |
1,170 |
|
$ |
1,059 |
|
$ |
1,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
FX Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Revenue - as Reported |
|
$ |
1,743 |
|
$ |
1,770 |
|
$ |
1,709 |
|
$ |
1,734 |
|
$ |
1,819 |
|
$ |
1,885 |
|
$ |
1,908 |
|
|
$ |
7,912 |
|
$ |
7,913 |
|
$ |
7,081 |
|
$ |
6,889 |
|
$ |
7,346 |
|
|
Impact of FX Translation (2) |
|
38 |
|
26 |
|
59 |
|
38 |
|
25 |
|
8 |
|
|
|
|
(796 |
) |
(596 |
) |
(18 |
) |
113 |
|
|
| ||||||||||||
|
Total Revenues - Ex-FX (2) |
|
$ |
1,781 |
|
$ |
1,796 |
|
$ |
1,768 |
|
$ |
1,772 |
|
$ |
1,844 |
|
$ |
1,893 |
|
$ |
1,908 |
|
|
$ |
7,116 |
|
$ |
7,317 |
|
$ |
7,063 |
|
$ |
7,002 |
|
$ |
7,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Operating Expenses - as Reported |
|
$ |
1,168 |
|
$ |
1,148 |
|
$ |
1,150 |
|
$ |
1,187 |
|
$ |
1,194 |
|
$ |
1,191 |
|
$ |
1,227 |
|
|
$ |
5,032 |
|
$ |
5,313 |
|
$ |
4,693 |
|
$ |
4,675 |
|
$ |
4,799 |
|
|
Impact of FX Translation (2) |
|
27 |
|
19 |
|
45 |
|
30 |
|
18 |
|
9 |
|
|
|
|
(503 |
) |
(461 |
) |
(27 |
) |
77 |
|
|
| ||||||||||||
|
Total Operating Expenses - Ex-FX (2) |
|
$ |
1,195 |
|
$ |
1,167 |
|
$ |
1,195 |
|
$ |
1,217 |
|
$ |
1,212 |
|
$ |
1,200 |
|
$ |
1,227 |
|
|
$ |
4,529 |
|
$ |
4,852 |
|
$ |
4,666 |
|
$ |
4,752 |
|
$ |
4,799 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Provisions for LLR & PBC - as Reported |
|
$ |
136 |
|
$ |
161 |
|
$ |
173 |
|
$ |
172 |
|
$ |
129 |
|
$ |
148 |
|
$ |
166 |
|
|
$ |
815 |
|
$ |
769 |
|
$ |
630 |
|
$ |
619 |
|
$ |
615 |
|
|
Impact of FX Translation (2) |
|
2 |
|
1 |
|
7 |
|
4 |
|
2 |
|
|
|
|
|
|
(101 |
) |
(98 |
) |
(3 |
) |
9 |
|
|
| ||||||||||||
|
Provisions for LLR & PBC - Ex-FX (2) |
|
$ |
138 |
|
$ |
162 |
|
$ |
180 |
|
$ |
176 |
|
$ |
131 |
|
$ |
148 |
|
$ |
166 |
|
|
$ |
714 |
|
$ |
671 |
|
$ |
627 |
|
$ |
628 |
|
$ |
615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Income - as Reported |
|
$ |
291 |
|
$ |
303 |
|
$ |
256 |
|
$ |
249 |
|
$ |
328 |
|
$ |
358 |
|
$ |
338 |
|
|
$ |
1,377 |
|
$ |
1,209 |
|
$ |
1,166 |
|
$ |
1,055 |
|
$ |
1,273 |
|
|
Impact of FX Translation (2) |
|
6 |
|
4 |
|
5 |
|
3 |
|
4 |
|
|
|
|
|
|
(64 |
) |
(28 |
) |
7 |
|
17 |
|
|
| ||||||||||||
|
Net Income - Ex-FX (2) |
|
$ |
297 |
|
$ |
307 |
|
$ |
261 |
|
$ |
252 |
|
$ |
332 |
|
$ |
358 |
|
$ |
338 |
|
|
$ |
1,313 |
|
$ |
1,181 |
|
$ |
1,173 |
|
$ |
1,072 |
|
$ |
1,273 |
|
(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 fourth quarter of 2017 and full year 2017 average exchange rates for all periods presented.
Citigroups results of operations excluding the impact of FX translation are non-GAAP financial measures.
Reclassified to conform to the current periods presentation.
|
GLOBAL CONSUMER BANKING ASIA (1) - PAGE 2 |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Branches (actual) |
|
658 |
|
655 |
|
622 |
|
590 |
|
570 |
|
509 |
|
499 |
|
497 |
|
500 |
|
498 |
|
490 |
|
482 |
|
448 |
| |||||||||||||
|
Accounts (in millions) |
|
18.3 |
|
18.3 |
|
18.2 |
|
17.9 |
|
17.8 |
|
17.8 |
|
17.6 |
|
17.4 |
|
17.4 |
|
17.4 |
|
17.6 |
|
17.4 |
|
17.2 |
| |||||||||||||
|
Average Deposits |
|
$ |
93.0 |
|
$ |
89.3 |
|
$ |
85.8 |
|
$ |
88.0 |
|
$ |
88.1 |
|
$ |
91.1 |
|
$ |
90.9 |
|
$ |
88.0 |
|
$ |
88.2 |
|
$ |
89.3 |
|
$ |
86.4 |
|
$ |
86.7 |
|
$ |
87.2 |
|
|
Investment Sales |
|
$ |
12.3 |
|
$ |
11.7 |
|
$ |
8.7 |
|
$ |
8.7 |
|
$ |
10.7 |
|
$ |
9.5 |
|
$ |
10.9 |
|
$ |
8.0 |
|
$ |
11.0 |
|
$ |
13.0 |
|
$ |
8.2 |
|
$ |
6.0 |
|
$ |
6.1 |
|
|
Investment AUMs |
|
$ |
52.7 |
|
$ |
50.5 |
|
$ |
53.7 |
|
$ |
54.2 |
|
$ |
56.1 |
|
$ |
58.7 |
|
$ |
58.1 |
|
$ |
58.2 |
|
$ |
58.9 |
|
$ |
60.1 |
|
$ |
55.1 |
|
$ |
57.0 |
|
$ |
56.1 |
|
|
Average Loans |
|
$ |
69.7 |
|
$ |
69.4 |
|
$ |
69.7 |
|
$ |
72.1 |
|
$ |
72.8 |
|
$ |
75.8 |
|
$ |
75.9 |
|
$ |
74.3 |
|
$ |
72.4 |
|
$ |
72.3 |
|
$ |
69.7 |
|
$ |
69.0 |
|
$ |
67.5 |
|
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Mortgages |
|
$ |
35.8 |
|
$ |
35.0 |
|
$ |
36.4 |
|
$ |
37.1 |
|
$ |
37.8 |
|
$ |
38.9 |
|
$ |
38.4 |
|
$ |
38.0 |
|
$ |
36.8 |
|
$ |
36.7 |
|
$ |
34.3 |
|
$ |
34.4 |
|
$ |
34.7 |
|
|
Commercial Banking |
|
16.1 |
|
16.6 |
|
16.8 |
|
16.7 |
|
17.4 |
|
18.0 |
|
17.5 |
|
16.4 |
|
16.0 |
|
16.1 |
|
15.3 |
|
14.8 |
|
14.8 |
| |||||||||||||
|
Personal and Other |
|
17.9 |
|
17.5 |
|
17.6 |
|
18.5 |
|
19.1 |
|
19.7 |
|
19.4 |
|
18.9 |
|
19.0 |
|
19.6 |
|
19.0 |
|
19.2 |
|
19.2 |
| |||||||||||||
|
Total EOP Loans |
|
$ |
69.8 |
|
$ |
69.1 |
|
$ |
70.8 |
|
$ |
72.3 |
|
$ |
74.3 |
|
$ |
76.6 |
|
$ |
75.3 |
|
$ |
73.3 |
|
$ |
71.8 |
|
$ |
72.4 |
|
$ |
68.6 |
|
$ |
68.4 |
|
$ |
68.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Net Interest Revenue (in millions) (2) |
|
$ |
754 |
|
$ |
738 |
|
$ |
722 |
|
$ |
742 |
|
$ |
727 |
|
$ |
756 |
|
$ |
755 |
|
$ |
725 |
|
$ |
678 |
|
$ |
690 |
|
$ |
667 |
|
$ |
655 |
|
$ |
668 |
|
|
As a % of Average Loans (2) |
|
4.39 |
% |
4.27 |
% |
4.11 |
% |
4.08 |
% |
4.05 |
% |
4.00 |
% |
3.95 |
% |
3.87 |
% |
3.80 |
% |
3.83 |
% |
3.80 |
% |
3.77 |
% |
3.98 |
% | |||||||||||||
|
Net Credit Losses (in millions) |
|
$ |
57 |
|
$ |
55 |
|
$ |
70 |
|
$ |
79 |
|
$ |
82 |
|
$ |
83 |
|
$ |
77 |
|
$ |
76 |
|
$ |
70 |
|
$ |
80 |
|
$ |
75 |
|
$ |
94 |
|
$ |
62 |
|
|
As a % of Average Loans |
|
0.33 |
% |
0.32 |
% |
0.40 |
% |
0.43 |
% |
0.46 |
% |
0.44 |
% |
0.40 |
% |
0.41 |
% |
0.39 |
% |
0.44 |
% |
0.43 |
% |
0.54 |
% |
0.37 |
% | |||||||||||||
|
Loans 90+ Days Past Due (in millions) |
|
$ |
225 |
|
$ |
199 |
|
$ |
206 |
|
$ |
189 |
|
$ |
195 |
|
$ |
210 |
|
$ |
212 |
|
$ |
186 |
|
$ |
179 |
|
$ |
185 |
|
$ |
179 |
|
$ |
173 |
|
$ |
174 |
|
|
As a % of EOP Loans |
|
0.32 |
% |
0.29 |
% |
0.29 |
% |
0.26 |
% |
0.26 |
% |
0.27 |
% |
0.28 |
% |
0.25 |
% |
0.25 |
% |
0.26 |
% |
0.26 |
% |
0.25 |
% |
0.25 |
% | |||||||||||||
|
Loans 30-89 Days Past Due (in millions) |
|
$ |
474 |
|
$ |
439 |
|
$ |
394 |
|
$ |
394 |
|
$ |
404 |
|
$ |
414 |
|
$ |
388 |
|
$ |
347 |
|
$ |
359 |
|
$ |
353 |
|
$ |
327 |
|
$ |
334 |
|
$ |
339 |
|
|
As a % of EOP Loans |
|
0.68 |
% |
0.64 |
% |
0.56 |
% |
0.54 |
% |
0.54 |
% |
0.54 |
% |
0.52 |
% |
0.47 |
% |
0.50 |
% |
0.49 |
% |
0.48 |
% |
0.49 |
% |
0.49 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
EOP Open Accounts (in millions) |
|
17.8 |
|
18.1 |
|
17.4 |
|
17.4 |
|
17.2 |
|
17.1 |
|
17.2 |
|
17.3 |
|
17.3 |
|
17.3 |
|
17.1 |
|
16.9 |
|
16.6 |
| |||||||||||||
|
Purchase Sales (in billions) |
|
$ |
19.5 |
|
$ |
19.9 |
|
$ |
19.0 |
|
$ |
20.4 |
|
$ |
18.8 |
|
$ |
20.0 |
|
$ |
20.2 |
|
$ |
20.4 |
|
$ |
18.6 |
|
$ |
19.2 |
|
$ |
18.2 |
|
$ |
19.3 |
|
$ |
18.1 |
|
|
Average Loans (in billions) (3) |
|
$ |
20.4 |
|
$ |
19.7 |
|
$ |
18.5 |
|
$ |
19.0 |
|
$ |
18.9 |
|
$ |
19.2 |
|
$ |
19.2 |
|
$ |
18.6 |
|
$ |
18.0 |
|
$ |
18.0 |
|
$ |
17.1 |
|
$ |
17.3 |
|
$ |
17.4 |
|
|
EOP Loans (in billions) (3) |
|
$ |
20.0 |
|
$ |
19.5 |
|
$ |
18.8 |
|
$ |
19.3 |
|
$ |
18.8 |
|
$ |
19.6 |
|
$ |
18.9 |
|
$ |
18.6 |
|
$ |
17.8 |
|
$ |
18.1 |
|
$ |
17.0 |
|
$ |
17.6 |
|
$ |
17.6 |
|
|
Average Yield (4) |
|
13.91 |
% |
13.67 |
% |
13.48 |
% |
13.39 |
% |
13.34 |
% |
13.15 |
% |
13.06 |
% |
12.79 |
% |
12.62 |
% |
12.51 |
% |
12.42 |
% |
12.39 |
% |
12.51 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Net Interest Revenue (in millions) (5) |
|
$ |
560 |
|
$ |
549 |
|
$ |
532 |
|
$ |
545 |
|
$ |
525 |
|
$ |
538 |
|
$ |
534 |
|
$ |
503 |
|
$ |
473 |
|
$ |
481 |
|
$ |
452 |
|
$ |
456 |
|
$ |
444 |
|
|
As a % of Average Loans (6) |
|
11.13 |
% |
11.18 |
% |
11.41 |
% |
11.38 |
% |
11.27 |
% |
11.24 |
% |
11.03 |
% |
10.73 |
% |
10.66 |
% |
10.72 |
% |
10.49 |
% |
10.46 |
% |
10.26 |
% | |||||||||||||
|
Net Credit Losses (in millions) |
|
$ |
146 |
|
$ |
117 |
|
$ |
121 |
|
$ |
117 |
|
$ |
114 |
|
$ |
129 |
|
$ |
121 |
|
$ |
113 |
|
$ |
103 |
|
$ |
109 |
|
$ |
100 |
|
$ |
90 |
|
$ |
98 |
|
|
As a % of Average Loans |
|
2.90 |
% |
2.38 |
% |
2.59 |
% |
2.44 |
% |
2.45 |
% |
2.69 |
% |
2.50 |
% |
2.41 |
% |
2.32 |
% |
2.43 |
% |
2.32 |
% |
2.06 |
% |
2.27 |
% | |||||||||||||
|
Net Credit Margin (in millions) (6) |
|
$ |
644 |
|
$ |
695 |
|
$ |
660 |
|
$ |
678 |
|
$ |
637 |
|
$ |
661 |
|
$ |
667 |
|
$ |
606 |
|
$ |
562 |
|
$ |
577 |
|
$ |
536 |
|
$ |
554 |
|
$ |
524 |
|
|
As a % of Average Loans (6) |
|
12.80 |
% |
14.15 |
% |
14.15 |
% |
14.16 |
% |
13.67 |
% |
13.81 |
% |
13.78 |
% |
12.93 |
% |
12.66 |
% |
12.86 |
% |
12.44 |
% |
12.70 |
% |
12.11 |
% | |||||||||||||
|
Loans 90+ Days Past Due |
|
$ |
256 |
|
$ |
236 |
|
$ |
205 |
|
$ |
203 |
|
$ |
215 |
|
$ |
223 |
|
$ |
207 |
|
$ |
195 |
|
$ |
191 |
|
$ |
191 |
|
$ |
171 |
|
$ |
180 |
|
$ |
180 |
|
|
As a % of EOP Loans |
|
1.28 |
% |
1.21 |
% |
1.09 |
% |
1.05 |
% |
1.14 |
% |
1.14 |
% |
1.10 |
% |
1.05 |
% |
1.07 |
% |
1.06 |
% |
1.01 |
% |
1.02 |
% |
1.02 |
% | |||||||||||||
|
Loans 30-89 Days Past Due |
|
$ |
358 |
|
$ |
319 |
|
$ |
284 |
|
$ |
295 |
|
$ |
290 |
|
$ |
301 |
|
$ |
278 |
|
$ |
256 |
|
$ |
249 |
|
$ |
247 |
|
$ |
220 |
|
$ |
226 |
|
$ |
235 |
|
|
As a % of EOP Loans |
|
1.79 |
% |
1.64 |
% |
1.51 |
% |
1.53 |
% |
1.54 |
% |
1.54 |
% |
1.47 |
% |
1.38 |
% |
1.40 |
% |
1.36 |
% |
1.29 |
% |
1.28 |
% |
1.34 |
% | |||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Branches (actual) |
|
430 |
|
427 |
|
401 |
|
397 |
|
379 |
|
282 |
|
278 |
| |||||||
|
Accounts (in millions) |
|
17.0 |
|
16.8 |
|
16.5 |
|
16.4 |
|
16.3 |
|
16.2 |
|
16.0 |
| |||||||
|
Average Deposits |
|
$ |
89.4 |
|
$ |
91.6 |
|
$ |
89.9 |
|
$ |
92.7 |
|
$ |
94.3 |
|
$ |
95.2 |
|
$ |
96.0 |
|
|
Investment Sales |
|
$ |
7.5 |
|
$ |
8.6 |
|
$ |
7.3 |
|
$ |
9.2 |
|
$ |
9.6 |
|
$ |
11.8 |
|
$ |
10.7 |
|
|
Investment AUMs |
|
$ |
56.1 |
|
$ |
56.8 |
|
$ |
55.8 |
|
$ |
59.1 |
|
$ |
62.0 |
|
$ |
64.8 |
|
$ |
68.5 |
|
|
Average Loans |
|
$ |
67.5 |
|
$ |
67.9 |
|
$ |
64.6 |
|
$ |
65.1 |
|
$ |
66.5 |
|
$ |
67.4 |
|
$ |
68.8 |
|
|
EOP Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Mortgages |
|
$ |
33.5 |
|
$ |
33.3 |
|
$ |
31.3 |
|
$ |
32.5 |
|
$ |
32.5 |
|
$ |
32.6 |
|
$ |
33.3 |
|
|
Commercial Banking |
|
15.2 |
|
15.8 |
|
14.5 |
|
15.5 |
|
15.7 |
|
15.8 |
|
16.8 |
| |||||||
|
Personal and Other |
|
18.8 |
|
19.0 |
|
17.2 |
|
18.2 |
|
18.6 |
|
19.1 |
|
19.9 |
| |||||||
|
Total EOP Loans |
|
$ |
67.5 |
|
$ |
68.1 |
|
$ |
63.0 |
|
$ |
66.2 |
|
$ |
66.8 |
|
$ |
67.5 |
|
$ |
70.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Net Interest Revenue (in millions) (2) |
|
$ |
668 |
|
$ |
670 |
|
$ |
644 |
|
$ |
641 |
|
$ |
669 |
|
$ |
690 |
|
$ |
695 |
|
|
As a % of Average Loans (2) |
|
3.98 |
% |
3.93 |
% |
3.97 |
% |
3.99 |
% |
4.04 |
% |
4.06 |
% |
4.01 |
% | |||||||
|
Net Credit Losses (in millions) |
|
$ |
61 |
|
$ |
73 |
|
$ |
65 |
|
$ |
62 |
|
$ |
54 |
|
$ |
69 |
|
$ |
60 |
|
|
As a % of Average Loans |
|
0.36 |
% |
0.43 |
% |
0.40 |
% |
0.39 |
% |
0.33 |
% |
0.41 |
% |
0.35 |
% | |||||||
|
Loans 90+ Days Past Due (in millions) |
|
$ |
178 |
|
$ |
163 |
|
$ |
157 |
|
$ |
165 |
|
$ |
172 |
|
$ |
171 |
|
$ |
186 |
|
|
As a % of EOP Loans |
|
0.26 |
% |
0.24 |
% |
0.25 |
% |
0.25 |
% |
0.26 |
% |
0.25 |
% |
0.27 |
% | |||||||
|
Loans 30-89 Days Past Due (in millions) |
|
$ |
346 |
|
$ |
328 |
|
$ |
327 |
|
$ |
342 |
|
$ |
340 |
|
$ |
291 |
|
$ |
321 |
|
|
As a % of EOP Loans |
|
0.51 |
% |
0.48 |
% |
0.52 |
% |
0.52 |
% |
0.51 |
% |
0.43 |
% |
0.46 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EOP Open Accounts (in millions) |
|
16.6 |
|
16.4 |
|
16.3 |
|
16.7 |
|
16.7 |
|
16.6 |
|
16.4 |
| |||||||
|
Purchase Sales (in billions) |
|
$ |
18.7 |
|
$ |
18.7 |
|
$ |
19.4 |
|
$ |
19.2 |
|
$ |
20.1 |
|
$ |
20.3 |
|
$ |
21.9 |
|
|
Average Loans (in billions) (3) |
|
$ |
17.4 |
|
$ |
17.6 |
|
$ |
17.3 |
|
$ |
18.1 |
|
$ |
18.4 |
|
$ |
18.8 |
|
$ |
19.1 |
|
|
EOP Loans (in billions) (3) |
|
$ |
17.6 |
|
$ |
17.7 |
|
$ |
17.5 |
|
$ |
18.3 |
|
$ |
18.8 |
|
$ |
18.8 |
|
$ |
19.8 |
|
|
Average Yield (4) |
|
12.70 |
% |
12.82 |
% |
12.92 |
% |
12.87 |
% |
12.84 |
% |
12.71 |
% |
12.67 |
% | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Net Interest Revenue (in millions) (5) |
|
$ |
458 |
|
$ |
472 |
|
$ |
471 |
|
$ |
473 |
|
$ |
492 |
|
$ |
518 |
|
$ |
524 |
|
|
As a % of Average Loans (6) |
|
10.59 |
% |
10.67 |
% |
10.83 |
% |
10.60 |
% |
10.73 |
% |
10.93 |
% |
10.88 |
% | |||||||
|
Net Credit Losses (in millions) |
|
$ |
99 |
|
$ |
95 |
|
$ |
98 |
|
$ |
98 |
|
$ |
103 |
|
$ |
101 |
|
$ |
102 |
|
|
As a % of Average Loans |
|
2.29 |
% |
2.15 |
% |
2.25 |
% |
2.20 |
% |
2.25 |
% |
2.13 |
% |
2.12 |
% | |||||||
|
Net Credit Margin (in millions) (6) |
|
$ |
561 |
|
$ |
576 |
|
$ |
568 |
|
$ |
568 |
|
$ |
620 |
|
$ |
621 |
|
$ |
668 |
|
|
As a % of Average Loans (6) |
|
12.97 |
% |
13.02 |
% |
13.06 |
% |
12.73 |
% |
13.52 |
% |
13.11 |
% |
13.88 |
% | |||||||
|
Loans 90+ Days Past Due |
|
$ |
176 |
|
$ |
185 |
|
$ |
180 |
|
$ |
183 |
|
$ |
193 |
|
$ |
191 |
|
$ |
199 |
|
|
As a % of EOP Loans |
|
1.00 |
% |
1.05 |
% |
1.03 |
% |
1.00 |
% |
1.03 |
% |
1.02 |
% |
1.01 |
% | |||||||
|
Loans 30-89 Days Past Due |
|
$ |
227 |
|
$ |
240 |
|
$ |
224 |
|
$ |
232 |
|
$ |
251 |
|
$ |
254 |
|
$ |
259 |
|
|
As a % of EOP Loans |
|
1.29 |
% |
1.36 |
% |
1.28 |
% |
1.27 |
% |
1.34 |
% |
1.35 |
% |
1.31 |
% | |||||||
(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 regions average 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 on loans 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 periods presentation.
|
INSTITUTIONAL CLIENTS GROUP (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
| |||||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
|
2016 |
|
2016 |
| |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Commissions and Fees |
|
$ |
1,109 |
|
$ |
1,080 |
|
$ |
1,045 |
|
$ |
996 |
|
$ |
1,089 |
|
$ |
1,069 |
|
$ |
1,091 |
|
$ |
1,049 |
|
$ |
1,087 |
|
$ |
1,085 |
|
$ |
1,046 |
|
$ |
1,004 |
|
$ |
1,033 |
|
$ |
992 |
|
$ |
977 |
|
|
Administration and Other Fiduciary Fees |
|
641 |
|
649 |
|
596 |
|
604 |
|
598 |
|
624 |
|
601 |
|
594 |
|
572 |
|
617 |
|
557 |
|
543 |
|
604 |
|
641 |
|
601 |
| |||||||||||||||
|
Investment Banking |
|
1,127 |
|
1,022 |
|
886 |
|
993 |
|
1,000 |
|
1,318 |
|
1,095 |
|
1,055 |
|
1,182 |
|
1,172 |
|
859 |
|
1,068 |
|
785 |
|
1,082 |
|
971 |
| |||||||||||||||
|
Principal Transactions |
|
2,509 |
|
2,484 |
|
897 |
|
740 |
|
2,653 |
|
1,628 |
|
1,446 |
|
385 |
|
2,247 |
|
1,844 |
|
1,263 |
|
672 |
|
1,633 |
|
1,971 |
|
2,134 |
| |||||||||||||||
|
Other(2)(3) |
|
445 |
|
488 |
|
178 |
|
(79 |
) |
210 |
|
137 |
|
264 |
|
187 |
|
257 |
|
196 |
|
902 |
|
55 |
|
(6 |
) |
49 |
|
(123 |
) | |||||||||||||||
|
Total Non-Interest Revenue |
|
5,831 |
|
5,723 |
|
3,602 |
|
3,254 |
|
5,550 |
|
4,776 |
|
4,497 |
|
3,270 |
|
5,345 |
|
4,914 |
|
4,627 |
|
3,342 |
|
4,049 |
|
4,735 |
|
4,560 |
| |||||||||||||||
|
Net Interest Revenue (including Dividends) |
|
3,901 |
|
4,009 |
|
3,871 |
|
3,959 |
|
3,877 |
|
3,886 |
|
4,082 |
|
4,123 |
|
3,793 |
|
4,033 |
|
4,013 |
|
3,940 |
|
4,010 |
|
4,141 |
|
4,089 |
| |||||||||||||||
|
Total Revenues, Net of Interest Expense |
|
9,732 |
|
9,732 |
|
7,473 |
|
7,213 |
|
9,427 |
|
8,662 |
|
8,579 |
|
7,393 |
|
9,138 |
|
8,947 |
|
8,640 |
|
7,282 |
|
8,059 |
|
8,876 |
|
8,649 |
| |||||||||||||||
|
Total Operating Expenses |
|
5,117 |
|
5,049 |
|
4,930 |
|
5,300 |
|
5,048 |
|
4,960 |
|
5,115 |
|
5,075 |
|
4,830 |
|
5,026 |
|
4,878 |
|
5,031 |
|
5,036 |
|
4,950 |
|
4,877 |
| |||||||||||||||
|
Net Credit Losses |
|
41 |
|
56 |
|
69 |
|
28 |
|
132 |
|
9 |
|
16 |
|
118 |
|
(1 |
) |
82 |
|
37 |
|
96 |
|
211 |
|
141 |
|
45 |
| |||||||||||||||
|
Credit Reserve Build / (Release) |
|
20 |
|
(66 |
) |
(18 |
) |
(97 |
) |
(86 |
) |
(96 |
) |
(23 |
) |
103 |
|
119 |
|
(123 |
) |
193 |
|
465 |
|
108 |
|
(26 |
) |
(93 |
) | |||||||||||||||
|
Provision for Unfunded Lending Commitments |
|
4 |
|
(20 |
) |
93 |
|
(24 |
) |
(20 |
) |
(23 |
) |
(25 |
) |
(58 |
) |
(32 |
) |
(46 |
) |
83 |
|
89 |
|
71 |
|
(33 |
) |
(42 |
) | |||||||||||||||
|
Provision for Benefits and Claims |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Provisions for Credit Losses and for Benefits and Claims |
|
65 |
|
(30 |
) |
144 |
|
(93 |
) |
26 |
|
(110 |
) |
(32 |
) |
163 |
|
86 |
|
(87 |
) |
313 |
|
650 |
|
390 |
|
82 |
|
(90 |
) | |||||||||||||||
|
Income from Continuing Operations before Taxes |
|
4,550 |
|
4,713 |
|
2,399 |
|
2,006 |
|
4,353 |
|
3,812 |
|
3,496 |
|
2,155 |
|
4,222 |
|
4,008 |
|
3,449 |
|
1,601 |
|
2,633 |
|
3,844 |
|
3,862 |
| |||||||||||||||
|
Income Taxes |
|
1,490 |
|
1,552 |
|
630 |
|
526 |
|
1,347 |
|
1,215 |
|
1,114 |
|
451 |
|
1,317 |
|
1,263 |
|
1,132 |
|
458 |
|
764 |
|
1,229 |
|
1,202 |
| |||||||||||||||
|
Income from Continuing Operations |
|
3,060 |
|
3,161 |
|
1,769 |
|
1,480 |
|
3,006 |
|
2,597 |
|
2,382 |
|
1,704 |
|
2,905 |
|
2,745 |
|
2,317 |
|
1,143 |
|
1,869 |
|
2,615 |
|
2,660 |
| |||||||||||||||
|
Noncontrolling Interests |
|
50 |
|
23 |
|
18 |
|
18 |
|
26 |
|
19 |
|
45 |
|
31 |
|
35 |
|
15 |
|
(6 |
) |
7 |
|
10 |
|
17 |
|
19 |
| |||||||||||||||
|
Net Income |
|
$ |
3,010 |
|
$ |
3,138 |
|
$ |
1,751 |
|
$ |
1,462 |
|
$ |
2,980 |
|
$ |
2,578 |
|
$ |
2,337 |
|
$ |
1,673 |
|
$ |
2,870 |
|
$ |
2,730 |
|
$ |
2,323 |
|
$ |
1,136 |
|
$ |
1,859 |
|
$ |
2,598 |
|
$ |
2,641 |
|
|
EOP Assets (in billions) |
|
$ |
1,243 |
|
$ |
1,271 |
|
$ |
1,281 |
|
$ |
1,268 |
|
$ |
1,291 |
|
$ |
1,298 |
|
$ |
1,289 |
|
$ |
1,263 |
|
$ |
1,277 |
|
$ |
1,272 |
|
$ |
1,264 |
|
$ |
1,218 |
|
$ |
1,293 |
|
$ |
1,303 |
|
$ |
1,303 |
|
|
Average Assets (in billions) |
|
$ |
1,246 |
|
$ |
1,280 |
|
$ |
1,253 |
|
$ |
1,272 |
|
$ |
1,288 |
|
$ |
1,296 |
|
$ |
1,284 |
|
$ |
1,304 |
|
$ |
1,280 |
|
$ |
1,285 |
|
$ |
1,265 |
|
$ |
1,258 |
|
$ |
1,272 |
|
$ |
1,300 |
|
$ |
1,310 |
|
|
Return on Average Assets (ROA) |
|
0.98 |
% |
0.98 |
% |
0.55 |
% |
0.46 |
% |
0.94 |
% |
0.80 |
% |
0.72 |
% |
0.51 |
% |
0.91 |
% |
0.85 |
% |
0.73 |
% |
0.36 |
% |
0.59 |
% |
0.80 |
% |
0.80 |
% | |||||||||||||||
|
ROA (Excluding CVA/DVA) (4)(5) |
|
1.04 |
% |
0.89 |
% |
0.62 |
% |
0.49 |
% |
0.94 |
% |
0.80 |
% |
0.78 |
% |
0.51 |
% |
0.92 |
% |
0.79 |
% |
0.68 |
% |
0.40 |
% |
0.59 |
% |
0.80 |
% |
0.80 |
% | |||||||||||||||
|
Efficiency Ratio |
|
53 |
% |
52 |
% |
66 |
% |
73 |
% |
54 |
% |
57 |
% |
60 |
% |
69 |
% |
53 |
% |
56 |
% |
56 |
% |
69 |
% |
62 |
% |
56 |
% |
56 |
% | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Revenue by Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
North America |
|
$ |
3,758 |
|
$ |
3,199 |
|
$ |
2,589 |
|
$ |
2,399 |
|
$ |
3,792 |
|
$ |
3,388 |
|
$ |
3,436 |
|
$ |
2,599 |
|
$ |
3,311 |
|
$ |
3,375 |
|
$ |
3,342 |
|
$ |
2,762 |
|
$ |
3,039 |
|
$ |
3,461 |
|
$ |
3,253 |
|
|
EMEA |
|
2,962 |
|
2,843 |
|
2,388 |
|
2,110 |
|
2,784 |
|
2,485 |
|
2,567 |
|
2,109 |
|
3,034 |
|
2,418 |
|
2,227 |
|
2,112 |
|
2,201 |
|
2,614 |
|
2,547 |
| |||||||||||||||
|
Latin America |
|
1,290 |
|
1,263 |
|
1,169 |
|
1,209 |
|
1,180 |
|
1,187 |
|
1,057 |
|
989 |
|
1,017 |
|
1,019 |
|
1,065 |
|
970 |
|
994 |
|
1,065 |
|
1,044 |
| |||||||||||||||
|
Asia |
|
2,032 |
|
1,965 |
|
1,659 |
|
1,660 |
|
1,678 |
|
1,634 |
|
1,835 |
|
1,684 |
|
1,845 |
|
1,832 |
|
1,785 |
|
1,624 |
|
1,825 |
|
1,736 |
|
1,805 |
| |||||||||||||||
|
Total |
|
$ |
10,042 |
|
$ |
9,270 |
|
$ |
7,805 |
|
$ |
7,378 |
|
$ |
9,434 |
|
$ |
8,694 |
|
$ |
8,895 |
|
$ |
7,381 |
|
$ |
9,207 |
|
$ |
8,644 |
|
$ |
8,419 |
|
$ |
7,468 |
|
$ |
8,059 |
|
$ |
8,876 |
|
$ |
8,649 |
|
|
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above} (4)(5) |
|
(310 |
) |
462 |
|
(332 |
) |
(165 |
) |
(7 |
) |
(32 |
) |
(316 |
) |
12 |
|
(69 |
) |
303 |
|
221 |
|
(186 |
) |
|
|
|
|
|
| |||||||||||||||
|
Total Revenues, net of Interest Expense |
|
$ |
9,732 |
|
$ |
9,732 |
|
$ |
7,473 |
|
$ |
7,213 |
|
$ |
9,427 |
|
$ |
8,662 |
|
$ |
8,579 |
|
$ |
7,393 |
|
$ |
9,138 |
|
$ |
8,947 |
|
$ |
8,640 |
|
$ |
7,282 |
|
$ |
8,059 |
|
$ |
8,876 |
|
$ |
8,649 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Income (loss) from Continuing Operations by Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
North America |
|
$ |
1,301 |
|
$ |
854 |
|
$ |
577 |
|
$ |
471 |
|
$ |
1,365 |
|
$ |
1,144 |
|
$ |
956 |
|
$ |
654 |
|
$ |
929 |
|
$ |
939 |
|
$ |
889 |
|
$ |
467 |
|
$ |
551 |
|
$ |
1,010 |
|
$ |
1,072 |
|
|
EMEA |
|
775 |
|
876 |
|
516 |
|
422 |
|
762 |
|
564 |
|
659 |
|
241 |
|
996 |
|
577 |
|
370 |
|
194 |
|
369 |
|
690 |
|
644 |
| |||||||||||||||
|
Latin America |
|
483 |
|
529 |
|
461 |
|
209 |
|
402 |
|
461 |
|
330 |
|
288 |
|
381 |
|
409 |
|
380 |
|
176 |
|
330 |
|
392 |
|
389 |
| |||||||||||||||
|
Asia |
|
693 |
|
618 |
|
421 |
|
478 |
|
481 |
|
448 |
|
631 |
|
514 |
|
643 |
|
630 |
|
535 |
|
423 |
|
619 |
|
523 |
|
555 |
| |||||||||||||||
|
Total |
|
$ |
3,252 |
|
$ |
2,877 |
|
$ |
1,975 |
|
$ |
1,580 |
|
$ |
3,010 |
|
$ |
2,617 |
|
$ |
2,576 |
|
$ |
1,697 |
|
$ |
2,949 |
|
$ |
2,555 |
|
$ |
2,174 |
|
$ |
1,260 |
|
$ |
1,869 |
|
$ |
2,615 |
|
$ |
2,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
CVA/DVA (after-tax) for Periods Prior to 1Q16 {excluded as applicable in lines above} |
|
(192 |
) |
284 |
|
(206 |
) |
(100 |
) |
(4 |
) |
(20 |
) |
(194 |
) |
7 |
|
(44 |
) |
190 |
|
143 |
|
(117 |
) |
|
|
|
|
|
| |||||||||||||||
|
Income from Continuing Operations |
|
$ |
3,060 |
|
$ |
3,161 |
|
$ |
1,769 |
|
$ |
1,480 |
|
$ |
3,006 |
|
$ |
2,597 |
|
$ |
2,382 |
|
$ |
1,704 |
|
$ |
2,905 |
|
$ |
2,745 |
|
$ |
2,317 |
|
$ |
1,143 |
|
$ |
1,869 |
|
$ |
2,615 |
|
$ |
2,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Average Loans by Region (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
North America |
|
$ |
91 |
|
$ |
97 |
|
$ |
100 |
|
$ |
105 |
|
$ |
108 |
|
$ |
111 |
|
$ |
111 |
|
$ |
115 |
|
$ |
123 |
|
$ |
126 |
|
$ |
134 |
|
$ |
136 |
|
$ |
139 |
|
$ |
143 |
|
$ |
145 |
|
|
EMEA |
|
56 |
|
58 |
|
58 |
|
59 |
|
60 |
|
61 |
|
62 |
|
61 |
|
60 |
|
64 |
|
63 |
|
62 |
|
63 |
|
67 |
|
68 |
| |||||||||||||||
|
Latin America |
|
38 |
|
38 |
|
38 |
|
39 |
|
40 |
|
41 |
|
41 |
|
39 |
|
37 |
|
38 |
|
37 |
|
37 |
|
36 |
|
35 |
|
36 |
| |||||||||||||||
|
Asia |
|
60 |
|
64 |
|
67 |
|
68 |
|
68 |
|
70 |
|
69 |
|
66 |
|
59 |
|
60 |
|
59 |
|
58 |
|
57 |
|
59 |
|
58 |
| |||||||||||||||
|
Total |
|
$ |
245 |
|
$ |
257 |
|
$ |
263 |
|
$ |
271 |
|
$ |
276 |
|
$ |
283 |
|
$ |
283 |
|
$ |
281 |
|
$ |
279 |
|
$ |
288 |
|
$ |
293 |
|
$ |
293 |
|
$ |
295 |
|
$ |
304 |
|
$ |
307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
EOP Deposits by Region (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
North America |
|
$ |
148 |
|
$ |
151 |
|
$ |
166 |
|
$ |
177 |
|
$ |
179 |
|
$ |
176 |
|
$ |
177 |
|
$ |
196 |
|
$ |
251 |
|
$ |
262 |
|
$ |
261 |
|
$ |
267 |
|
$ |
270 |
|
$ |
275 |
|
$ |
276 |
|
|
EMEA |
|
173 |
|
174 |
|
182 |
|
186 |
|
185 |
|
186 |
|
179 |
|
164 |
|
152 |
|
160 |
|
160 |
|
154 |
|
166 |
|
162 |
|
170 |
| |||||||||||||||
|
Latin America |
|
57 |
|
58 |
|
64 |
|
61 |
|
67 |
|
66 |
|
63 |
|
55 |
|
35 |
|
32 |
|
30 |
|
27 |
|
28 |
|
25 |
|
26 |
| |||||||||||||||
|
Asia |
|
141 |
|
144 |
|
148 |
|
145 |
|
139 |
|
145 |
|
145 |
|
142 |
|
135 |
|
136 |
|
145 |
|
141 |
|
145 |
|
147 |
|
147 |
| |||||||||||||||
|
Total |
|
$ |
519 |
|
$ |
527 |
|
$ |
560 |
|
$ |
569 |
|
$ |
570 |
|
$ |
573 |
|
$ |
564 |
|
$ |
557 |
|
$ |
573 |
|
$ |
590 |
|
$ |
596 |
|
$ |
589 |
|
$ |
609 |
|
$ |
609 |
|
$ |
619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
EOP Deposits by Business (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Treasury and Trade Solutions |
|
$ |
334 |
|
$ |
343 |
|
$ |
370 |
|
$ |
379 |
|
$ |
381 |
|
$ |
384 |
|
$ |
382 |
|
$ |
379 |
|
$ |
388 |
|
$ |
399 |
|
$ |
400 |
|
$ |
394 |
|
$ |
417 |
|
$ |
407 |
|
$ |
417 |
|
|
All Other ICG Businesses |
|
185 |
|
184 |
|
190 |
|
190 |
|
189 |
|
189 |
|
182 |
|
178 |
|
185 |
|
191 |
|
196 |
|
195 |
|
192 |
|
202 |
|
202 |
| |||||||||||||||
|
Total |
|
$ |
519 |
|
$ |
527 |
|
$ |
560 |
|
$ |
569 |
|
$ |
570 |
|
$ |
573 |
|
$ |
564 |
|
$ |
557 |
|
$ |
573 |
|
$ |
590 |
|
$ |
596 |
|
$ |
589 |
|
$ |
609 |
|
$ |
609 |
|
$ |
619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||
|
|
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||
|
|
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017(1) |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Commissions and Fees |
|
$ |
996 |
|
$ |
1,024 |
|
$ |
1,106 |
|
$ |
1,100 |
|
$ |
1,088 |
|
|
$ |
4,230 |
|
$ |
4,298 |
|
$ |
4,222 |
|
$ |
3,998 |
|
$ |
4,318 |
|
|
Administration and Other Fiduciary Fees |
|
602 |
|
635 |
|
674 |
|
688 |
|
671 |
|
|
2,490 |
|
2,417 |
|
2,289 |
|
2,448 |
|
2,668 |
| ||||||||||
|
Investment Banking |
|
1,030 |
|
1,110 |
|
1,243 |
|
1,163 |
|
1,145 |
|
|
4,028 |
|
4,468 |
|
4,281 |
|
3,868 |
|
4,661 |
| ||||||||||
|
Principal Transactions |
|
1,832 |
|
2,731 |
|
2,151 |
|
1,827 |
|
1,303 |
|
|
6,630 |
|
6,112 |
|
6,026 |
|
7,570 |
|
8,012 |
| ||||||||||
|
Other(2)(3) |
|
(63 |
) |
1 |
|
246 |
|
704 |
|
228 |
|
|
1,032 |
|
798 |
|
1,410 |
|
(143 |
) |
1,179 |
| ||||||||||
|
Total Non-Interest Revenue |
|
4,397 |
|
5,501 |
|
5,420 |
|
5,482 |
|
4,435 |
|
|
18,410 |
|
18,093 |
|
18,228 |
|
17,741 |
|
20,838 |
| ||||||||||
|
Net Interest Revenue (including Dividends) |
|
3,959 |
|
3,818 |
|
4,001 |
|
3,948 |
|
3,869 |
|
|
15,740 |
|
15,968 |
|
15,779 |
|
16,199 |
|
15,636 |
| ||||||||||
|
Total Revenues, Net of Interest Expense |
|
8,356 |
|
9,319 |
|
9,421 |
|
9,430 |
|
8,304 |
|
|
34,150 |
|
34,061 |
|
34,007 |
|
33,940 |
|
36,474 |
| ||||||||||
|
Total Operating Expenses |
|
4,806 |
|
5,138 |
|
5,227 |
|
5,138 |
|
4,912 |
|
|
20,396 |
|
20,198 |
|
19,765 |
|
19,669 |
|
20,415 |
| ||||||||||
|
Net Credit Losses |
|
119 |
|
25 |
|
71 |
|
44 |
|
225 |
|
|
194 |
|
275 |
|
214 |
|
516 |
|
365 |
| ||||||||||
|
Credit Reserve Build / (Release) |
|
(53 |
) |
(176 |
) |
(15 |
) |
(38 |
) |
8 |
|
|
(161 |
) |
(102 |
) |
654 |
|
(64 |
) |
(221 |
) | ||||||||||
|
Provision for Unfunded Lending Commitments |
|
38 |
|
(54 |
) |
31 |
|
(170 |
) |
34 |
|
|
53 |
|
(126 |
) |
94 |
|
34 |
|
(159 |
) | ||||||||||
|
Provision for Benefits and Claims |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Provisions for Credit Losses and for Benefits and Claims |
|
104 |
|
(205 |
) |
87 |
|
(164 |
) |
267 |
|
|
86 |
|
47 |
|
962 |
|
486 |
|
(15 |
) | ||||||||||
|
Income from Continuing Operations before Taxes |
|
3,446 |
|
4,386 |
|
4,107 |
|
4,456 |
|
3,125 |
|
|
13,668 |
|
13,816 |
|
13,280 |
|
13,785 |
|
16,074 |
| ||||||||||
|
Income Taxes |
|
1,065 |
|
1,375 |
|
1,327 |
|
1,394 |
|
2,912 |
|
|
4,198 |
|
4,127 |
|
4,170 |
|
4,260 |
|
7,008 |
| ||||||||||
|
Income from Continuing Operations |
|
2,381 |
|
3,011 |
|
2,780 |
|
3,062 |
|
213 |
|
|
9,470 |
|
9,689 |
|
9,110 |
|
9,525 |
|
9,066 |
| ||||||||||
|
Noncontrolling Interests |
|
12 |
|
15 |
|
18 |
|
14 |
|
10 |
|
|
109 |
|
121 |
|
51 |
|
58 |
|
57 |
| ||||||||||
|
Net Income |
|
$ |
2,369 |
|
$ |
2,996 |
|
$ |
2,762 |
|
$ |
3,048 |
|
$ |
203 |
|
|
$ |
9,361 |
|
$ |
9,568 |
|
$ |
9,059 |
|
$ |
9,467 |
|
$ |
9,009 |
|
|
EOP Assets (in billions) |
|
$ |
1,277 |
|
$ |
1,314 |
|
$ |
1,353 |
|
$ |
1,370 |
|
$ |
1,336 |
|
|
$ |
1,268 |
|
$ |
1,263 |
|
$ |
1,218 |
|
$ |
1,277 |
|
$ |
1,336 |
|
|
Average Assets (in billions) |
|
$ |
1,310 |
|
$ |
1,318 |
|
$ |
1,360 |
|
$ |
1,369 |
|
$ |
1,385 |
|
|
$ |
1,263 |
|
$ |
1,293 |
|
$ |
1,272 |
|
$ |
1,298 |
|
$ |
1,358 |
|
|
Return on Average Assets (ROA) |
|
0.72 |
% |
0.92 |
% |
0.81 |
% |
0.88 |
% |
0.06 |
% |
|
0.74 |
% |
0.74 |
% |
0.71 |
% |
0.73 |
% |
0.66 |
% | ||||||||||
|
ROA (Excluding CVA/DVA) (4)(5) |
|
0.72 |
% |
0.92 |
% |
0.81 |
% |
0.88 |
% |
0.06 |
% |
|
0.76 |
% |
0.76 |
% |
0.70 |
% |
0.73 |
% |
0.66 |
% | ||||||||||
|
Efficiency Ratio |
|
58 |
% |
55 |
% |
55 |
% |
54 |
% |
59 |
% |
|
60 |
% |
59 |
% |
58 |
% |
58 |
% |
56 |
% | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Revenue by Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
North America |
|
$ |
3,014 |
|
$ |
3,522 |
|
$ |
3,646 |
|
$ |
3,709 |
|
$ |
3,046 |
|
|
$ |
11,945 |
|
$ |
13,215 |
|
$ |
12,790 |
|
$ |
12,767 |
|
$ |
13,923 |
|
|
EMEA |
|
2,650 |
|
2,854 |
|
2,881 |
|
2,703 |
|
2,441 |
|
|
10,303 |
|
9,945 |
|
9,791 |
|
10,012 |
|
10,879 |
| ||||||||||
|
Latin America |
|
1,022 |
|
1,169 |
|
1,086 |
|
1,099 |
|
1,031 |
|
|
4,931 |
|
4,413 |
|
4,071 |
|
4,125 |
|
4,385 |
| ||||||||||
|
Asia |
|
1,670 |
|
1,774 |
|
1,808 |
|
1,919 |
|
1,786 |
|
|
7,316 |
|
6,831 |
|
7,086 |
|
7,036 |
|
7,287 |
| ||||||||||
|
Total |
|
$ |
8,356 |
|
$ |
9,319 |
|
$ |
9,421 |
|
$ |
9,430 |
|
$ |
8,304 |
|
|
$ |
34,495 |
|
$ |
34,404 |
|
$ |
33,738 |
|
$ |
33,940 |
|
$ |
36,474 |
|
|
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above} (4)(5) |
|
|
|
|
|
|
|
|
|
|
|
|
(345 |
) |
(343 |
) |
269 |
|
|
|
|
| ||||||||||
|
Total Revenues, net of Interest Expense |
|
$ |
8,356 |
|
$ |
9,319 |
|
$ |
9,421 |
|
$ |
9,430 |
|
$ |
8,304 |
|
|
$ |
34,150 |
|
$ |
34,061 |
|
$ |
34,007 |
|
$ |
33,940 |
|
$ |
36,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Income (loss) from Continuing Operations by Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
North America |
|
$ |
882 |
|
$ |
1,077 |
|
$ |
1,088 |
|
$ |
1,298 |
|
$ |
(1,108 |
) |
|
$ |
3,203 |
|
$ |
4,119 |
|
$ |
3,224 |
|
$ |
3,515 |
|
$ |
2,355 |
|
|
EMEA |
|
642 |
|
862 |
|
786 |
|
753 |
|
431 |
|
|
2,589 |
|
2,226 |
|
2,137 |
|
2,345 |
|
2,832 |
| ||||||||||
|
Latin America |
|
343 |
|
482 |
|
341 |
|
388 |
|
333 |
|
|
1,682 |
|
1,481 |
|
1,346 |
|
1,454 |
|
1,544 |
| ||||||||||
|
Asia |
|
514 |
|
590 |
|
565 |
|
623 |
|
557 |
|
|
2,210 |
|
2,074 |
|
2,231 |
|
2,211 |
|
2,335 |
| ||||||||||
|
Total |
|
$ |
2,381 |
|
$ |
3,011 |
|
$ |
2,780 |
|
$ |
3,062 |
|
$ |
213 |
|
|
$ |
9,684 |
|
$ |
9,900 |
|
$ |
8,938 |
|
$ |
9,525 |
|
$ |
9,066 |
|
|
CVA/DVA (after-tax) for Periods Prior to 1Q16 {excluded as applicable in lines above} |
|
|
|
|
|
|
|
|
|
|
|
|
(214 |
) |
(211 |
) |
172 |
|
|
|
|
| ||||||||||
|
Income from Continuing Operations |
|
$ |
2,381 |
|
$ |
3,011 |
|
$ |
2,780 |
|
$ |
3,062 |
|
$ |
213 |
|
|
$ |
9,470 |
|
$ |
9,689 |
|
$ |
9,110 |
|
$ |
9,525 |
|
$ |
9,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Average Loans by Region (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
North America |
|
$ |
149 |
|
$ |
146 |
|
$ |
150 |
|
$ |
152 |
|
$ |
157 |
|
|
$ |
98 |
|
$ |
112 |
|
$ |
130 |
|
$ |
145 |
|
$ |
151 |
|
|
EMEA |
|
66 |
|
65 |
|
67 |
|
71 |
|
73 |
|
|
58 |
|
61 |
|
62 |
|
66 |
|
69 |
| ||||||||||
|
Latin America |
|
34 |
|
34 |
|
35 |
|
34 |
|
33 |
|
|
38 |
|
40 |
|
37 |
|
35 |
|
34 |
| ||||||||||
|
Asia |
|
55 |
|
57 |
|
61 |
|
64 |
|
65 |
|
|
65 |
|
68 |
|
59 |
|
57 |
|
62 |
| ||||||||||
|
Total |
|
$ |
304 |
|
$ |
302 |
|
$ |
313 |
|
$ |
321 |
|
$ |
328 |
|
|
$ |
259 |
|
$ |
281 |
|
$ |
288 |
|
$ |
303 |
|
$ |
316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
EOP Deposits by Region (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
North America |
|
$ |
282 |
|
$ |
287 |
|
$ |
280 |
|
$ |
290 |
|
$ |
296 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
EMEA |
|
164 |
|
161 |
|
170 |
|
172 |
|
174 |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Latin America |
|
26 |
|
28 |
|
27 |
|
26 |
|
25 |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Asia |
|
140 |
|
144 |
|
147 |
|
152 |
|
145 |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total |
|
$ |
612 |
|
$ |
620 |
|
$ |
624 |
|
$ |
640 |
|
$ |
640 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
EOP Deposits by Business (in billions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Treasury and Trade Solutions |
|
$ |
412 |
|
$ |
417 |
|
$ |
421 |
|
$ |
428 |
|
$ |
432 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
All Other ICG Businesses |
|
200 |
|
203 |
|
203 |
|
212 |
|
208 |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
Total |
|
$ |
612 |
|
$ |
620 |
|
$ |
624 |
|
$ |
640 |
|
$ |
640 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
(1) See footnote 1 on page 1.
(2) Third quarter of 2017 includes the $580 million gain on the sale of a fixed income analytics business.
(3) The full year of 2016 includes a charge of approximately $180 million, primarily reflecting the write-down of Citis net investment in Venezuela as a result of changes in the exchange rate during the 2016 first quarter.
(4) For all periods prior to the first quarter of 2016, ROA excluding CVA/DVA is defined as annualized net income (less CVA/DVA), divided by average assets. See above for after-tax CVA/DVA for each period presented.
(5) See footnote 2 on page 4.
Reclassified to conform to the current periods presentation.
|
INSTITUTIONAL CLIENTS GROUP REVENUES BY BUSINESS (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Revenue Details: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Investment Banking: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Advisory |
|
$ |
200 |
|
$ |
211 |
|
$ |
164 |
|
$ |
259 |
|
$ |
176 |
|
$ |
192 |
|
$ |
319 |
|
$ |
266 |
|
$ |
299 |
|
$ |
261 |
|
$ |
242 |
|
$ |
306 |
|
$ |
230 |
|
|
Equity Underwriting |
|
264 |
|
323 |
|
213 |
|
327 |
|
319 |
|
424 |
|
320 |
|
270 |
|
245 |
|
314 |
|
183 |
|
219 |
|
126 |
| |||||||||||||
|
Debt Underwriting |
|
747 |
|
664 |
|
610 |
|
601 |
|
607 |
|
789 |
|
663 |
|
581 |
|
702 |
|
765 |
|
544 |
|
641 |
|
547 |
| |||||||||||||
|
Total Investment Banking |
|
1,211 |
|
1,198 |
|
987 |
|
1,187 |
|
1,102 |
|
1,405 |
|
1,302 |
|
1,117 |
|
1,246 |
|
1,340 |
|
969 |
|
1,166 |
|
903 |
| |||||||||||||
|
Treasury and Trade Solutions |
|
1,920 |
|
2,000 |
|
1,942 |
|
1,935 |
|
1,952 |
|
2,012 |
|
1,965 |
|
1,965 |
|
1,848 |
|
1,912 |
|
1,890 |
|
1,945 |
|
1,933 |
| |||||||||||||
|
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges |
|
373 |
|
442 |
|
417 |
|
433 |
|
456 |
|
495 |
|
484 |
|
471 |
|
485 |
|
482 |
|
442 |
|
438 |
|
453 |
| |||||||||||||
|
Private Bank |
|
635 |
|
652 |
|
622 |
|
606 |
|
676 |
|
664 |
|
671 |
|
675 |
|
682 |
|
675 |
|
640 |
|
612 |
|
689 |
| |||||||||||||
|
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1) |
|
$ |
4,139 |
|
$ |
4,292 |
|
$ |
3,968 |
|
$ |
4,161 |
|
$ |
4,186 |
|
$ |
4,576 |
|
$ |
4,422 |
|
$ |
4,228 |
|
$ |
4,261 |
|
$ |
4,409 |
|
$ |
3,941 |
|
$ |
4,161 |
|
$ |
3,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate Lending - Gain/(Loss) on Loan Hedges (1) |
|
(23 |
) |
23 |
|
(147 |
) |
(139 |
) |
(17 |
) |
(44 |
) |
91 |
|
86 |
|
52 |
|
(66 |
) |
352 |
|
(14 |
) |
(66 |
) | |||||||||||||
|
Total Banking Revenues including G(L) on Loan Hedges (1) |
|
$ |
4,116 |
|
$ |
4,315 |
|
$ |
3,821 |
|
$ |
4,022 |
|
$ |
4,169 |
|
$ |
4,532 |
|
$ |
4,513 |
|
$ |
4,314 |
|
$ |
4,313 |
|
$ |
4,343 |
|
$ |
4,293 |
|
$ |
4,147 |
|
$ |
3,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Fixed Income Markets |
|
$ |
4,773 |
|
$ |
3,540 |
|
$ |
2,893 |
|
$ |
2,487 |
|
$ |
3,957 |
|
$ |
3,165 |
|
$ |
3,105 |
|
$ |
2,110 |
|
$ |
3,531 |
|
$ |
3,072 |
|
$ |
2,597 |
|
$ |
2,248 |
|
$ |
3,098 |
|
|
Equity Markets |
|
827 |
|
928 |
|
718 |
|
537 |
|
924 |
|
651 |
|
788 |
|
505 |
|
890 |
|
674 |
|
1,026 |
|
626 |
|
726 |
| |||||||||||||
|
Securities Services |
|
495 |
|
532 |
|
481 |
|
471 |
|
484 |
|
521 |
|
544 |
|
516 |
|
542 |
|
570 |
|
512 |
|
515 |
|
568 |
| |||||||||||||
|
Other (2)(3) |
|
(169 |
) |
(45 |
) |
(108 |
) |
(139 |
) |
(100 |
) |
(175 |
) |
(55 |
) |
(64 |
) |
(69 |
) |
(15 |
) |
(9 |
) |
(68 |
) |
(245 |
) | |||||||||||||
|
Total Markets and Securities Services |
|
$ |
5,926 |
|
$ |
4,955 |
|
$ |
3,984 |
|
$ |
3,356 |
|
$ |
5,265 |
|
$ |
4,162 |
|
$ |
4,382 |
|
$ |
3,067 |
|
$ |
4,894 |
|
$ |
4,301 |
|
$ |
4,126 |
|
$ |
3,321 |
|
$ |
4,147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total ICG (Ex-CVA/DVA) (4) |
|
$ |
10,042 |
|
$ |
9,270 |
|
$ |
7,805 |
|
$ |
7,378 |
|
$ |
9,434 |
|
$ |
8,694 |
|
$ |
8,895 |
|
$ |
7,381 |
|
$ |
9,207 |
|
$ |
8,644 |
|
$ |
8,419 |
|
$ |
7,468 |
|
$ |
8,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above} (4) |
|
(310 |
) |
462 |
|
(332 |
) |
(165 |
) |
(7 |
) |
(32 |
) |
(316 |
) |
12 |
|
(69 |
) |
303 |
|
221 |
|
(186 |
) |
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Revenues, net of Interest Expense |
|
$ |
9,732 |
|
$ |
9,732 |
|
$ |
7,473 |
|
$ |
7,213 |
|
$ |
9,427 |
|
$ |
8,662 |
|
$ |
8,579 |
|
$ |
7,393 |
|
$ |
9,138 |
|
$ |
8,947 |
|
$ |
8,640 |
|
$ |
7,282 |
|
$ |
8,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Taxable-equivalent adjustments (5) |
|
$ |
202 |
|
$ |
222 |
|
$ |
238 |
|
$ |
185 |
|
$ |
169 |
|
$ |
169 |
|
$ |
170 |
|
$ |
171 |
|
$ |
164 |
|
$ |
161 |
|
$ |
162 |
|
$ |
173 |
|
$ |
166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total ICG Revenues including taxable-equivalent adjustments (5) |
|
$ |
10,244 |
|
$ |
9,492 |
|
$ |
8,043 |
|
$ |
7,563 |
|
$ |
9,603 |
|
$ |
8,863 |
|
$ |
9,065 |
|
$ |
7,552 |
|
$ |
9,371 |
|
$ |
8,805 |
|
$ |
8,581 |
|
$ |
7,641 |
|
$ |
8,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Commissions and Fees |
|
$ |
174 |
|
$ |
128 |
|
$ |
128 |
|
$ |
113 |
|
$ |
124 |
|
$ |
127 |
|
$ |
100 |
|
$ |
118 |
|
$ |
133 |
|
$ |
110 |
|
$ |
119 |
|
$ |
122 |
|
$ |
130 |
|
|
Principal Transactions (6) |
|
2,674 |
|
1,703 |
|
1,151 |
|
981 |
|
2,442 |
|
1,726 |
|
1,585 |
|
536 |
|
2,040 |
|
1,551 |
|
1,093 |
|
804 |
|
1,378 |
| |||||||||||||
|
Other |
|
465 |
|
300 |
|
247 |
|
28 |
|
60 |
|
88 |
|
120 |
|
145 |
|
162 |
|
111 |
|
42 |
|
15 |
|
217 |
| |||||||||||||
|
Total Non-Interest Revenue |
|
$ |
3,313 |
|
$ |
2,131 |
|
$ |
1,526 |
|
$ |
1,122 |
|
$ |
2,626 |
|
$ |
1,941 |
|
$ |
1,805 |
|
$ |
799 |
|
$ |
2,335 |
|
$ |
1,772 |
|
$ |
1,254 |
|
$ |
941 |
|
$ |
1,725 |
|
|
Net Interest Revenue |
|
1,460 |
|
1,409 |
|
1,367 |
|
1,365 |
|
1,331 |
|
1,224 |
|
1,300 |
|
1,311 |
|
1,196 |
|
1,300 |
|
1,343 |
|
1,307 |
|
1,373 |
| |||||||||||||
|
Total Fixed Income Markets |
|
$ |
4,773 |
|
$ |
3,540 |
|
$ |
2,893 |
|
$ |
2,487 |
|
$ |
3,957 |
|
$ |
3,165 |
|
$ |
3,105 |
|
$ |
2,110 |
|
$ |
3,531 |
|
$ |
3,072 |
|
$ |
2,597 |
|
$ |
2,248 |
|
$ |
3,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Rates and Currencies |
|
$ |
2,691 |
|
$ |
2,506 |
|
$ |
1,910 |
|
$ |
1,854 |
|
$ |
1,973 |
|
$ |
1,791 |
|
$ |
1,979 |
|
$ |
1,645 |
|
$ |
2,171 |
|
$ |
1,990 |
|
$ |
1,786 |
|
$ |
1,750 |
|
$ |
2,257 |
|
|
Spread Products / Other Fixed Income |
|
2,082 |
|
1,034 |
|
983 |
|
633 |
|
1,984 |
|
1,374 |
|
1,126 |
|
465 |
|
1,360 |
|
1,082 |
|
811 |
|
498 |
|
841 |
| |||||||||||||
|
Total Fixed Income Markets |
|
$ |
4,773 |
|
$ |
3,540 |
|
$ |
2,893 |
|
$ |
2,487 |
|
$ |
3,957 |
|
$ |
3,165 |
|
$ |
3,105 |
|
$ |
2,110 |
|
$ |
3,531 |
|
$ |
3,072 |
|
$ |
2,597 |
|
$ |
2,248 |
|
$ |
3,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Commissions and Fees |
|
$ |
432 |
|
$ |
414 |
|
$ |
391 |
|
$ |
359 |
|
$ |
413 |
|
$ |
364 |
|
$ |
358 |
|
$ |
355 |
|
$ |
378 |
|
$ |
344 |
|
$ |
337 |
|
$ |
307 |
|
$ |
366 |
|
|
Principal Transactions (6) |
|
150 |
|
190 |
|
83 |
|
(95 |
) |
201 |
|
2 |
|
58 |
|
(174 |
) |
191 |
|
78 |
|
116 |
|
(30 |
) |
71 |
| |||||||||||||
|
Other |
|
5 |
|
(3 |
) |
(12 |
) |
(12 |
) |
53 |
|
(8 |
) |
3 |
|
(11 |
) |
16 |
|
(184 |
) |
189 |
|
35 |
|
2 |
| |||||||||||||
|
Total Non-Interest Revenue |
|
$ |
587 |
|
$ |
601 |
|
$ |
462 |
|
$ |
252 |
|
$ |
667 |
|
$ |
358 |
|
$ |
419 |
|
$ |
170 |
|
$ |
585 |
|
$ |
238 |
|
$ |
642 |
|
$ |
312 |
|
$ |
439 |
|
|
Net Interest Revenue |
|
240 |
|
327 |
|
256 |
|
285 |
|
257 |
|
293 |
|
369 |
|
335 |
|
305 |
|
436 |
|
384 |
|
314 |
|
287 |
| |||||||||||||
|
Total Equity Markets |
|
$ |
827 |
|
$ |
928 |
|
$ |
718 |
|
$ |
537 |
|
$ |
924 |
|
$ |
651 |
|
$ |
788 |
|
$ |
505 |
|
$ |
890 |
|
$ |
674 |
|
$ |
1,026 |
|
$ |
626 |
|
$ |
726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Revenue Details: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Investment Banking: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Advisory |
|
$ |
241 |
|
$ |
242 |
|
$ |
300 |
|
$ |
249 |
|
$ |
318 |
|
$ |
240 |
|
$ |
316 |
|
|
$ |
834 |
|
$ |
953 |
|
$ |
1,108 |
|
$ |
1,013 |
|
$ |
1,123 |
|
|
Equity Underwriting |
|
181 |
|
153 |
|
203 |
|
250 |
|
309 |
|
311 |
|
251 |
|
|
1,127 |
|
1,333 |
|
961 |
|
663 |
|
1,121 |
| ||||||||||||
|
Debt Underwriting |
|
833 |
|
726 |
|
670 |
|
763 |
|
908 |
|
729 |
|
726 |
|
|
2,622 |
|
2,640 |
|
2,652 |
|
2,776 |
|
3,126 |
| ||||||||||||
|
Total Investment Banking |
|
1,255 |
|
1,121 |
|
1,173 |
|
1,262 |
|
1,535 |
|
1,280 |
|
1,293 |
|
|
4,583 |
|
4,926 |
|
4,721 |
|
4,452 |
|
5,370 |
| ||||||||||||
|
Treasury and Trade Solutions |
|
2,030 |
|
2,018 |
|
2,041 |
|
2,108 |
|
2,106 |
|
2,185 |
|
2,236 |
|
|
7,797 |
|
7,894 |
|
7,595 |
|
8,022 |
|
8,635 |
| ||||||||||||
|
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges |
|
387 |
|
443 |
|
451 |
|
438 |
|
481 |
|
506 |
|
513 |
|
|
1,665 |
|
1,906 |
|
1,847 |
|
1,734 |
|
1,938 |
| ||||||||||||
|
Private Bank |
|
678 |
|
685 |
|
676 |
|
749 |
|
793 |
|
790 |
|
776 |
|
|
2,515 |
|
2,686 |
|
2,609 |
|
2,728 |
|
3,108 |
| ||||||||||||
|
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1) |
|
$ |
4,350 |
|
$ |
4,267 |
|
$ |
4,341 |
|
$ |
4,557 |
|
$ |
4,915 |
|
$ |
4,761 |
|
$ |
4,818 |
|
|
$ |
16,560 |
|
$ |
17,412 |
|
$ |
16,772 |
|
$ |
16,936 |
|
$ |
19,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Corporate Lending - Gain/(Loss) on Loan Hedges (1) |
|
(203 |
) |
(218 |
) |
(107 |
) |
(115 |
) |
9 |
|
(48 |
) |
21 |
|
|
(286 |
) |
116 |
|
324 |
|
(594 |
) |
(133 |
) | ||||||||||||
|
Total Banking Revenues including G(L) on Loan Hedges (1) |
|
$ |
4,147 |
|
$ |
4,049 |
|
$ |
4,234 |
|
$ |
4,442 |
|
$ |
4,924 |
|
$ |
4,713 |
|
$ |
4,839 |
|
|
$ |
16,274 |
|
$ |
17,528 |
|
$ |
17,096 |
|
$ |
16,342 |
|
$ |
18,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Fixed Income Markets |
|
$ |
3,487 |
|
$ |
3,478 |
|
$ |
3,000 |
|
$ |
3,678 |
|
$ |
3,274 |
|
$ |
2,936 |
|
$ |
2,463 |
|
|
$ |
13,693 |
|
$ |
12,337 |
|
$ |
11,448 |
|
$ |
13,063 |
|
$ |
12,351 |
|
|
Equity Markets |
|
808 |
|
685 |
|
714 |
|
802 |
|
725 |
|
785 |
|
567 |
|
|
3,010 |
|
2,868 |
|
3,216 |
|
2,933 |
|
2,879 |
| ||||||||||||
|
Securities Services |
|
536 |
|
541 |
|
536 |
|
552 |
|
594 |
|
608 |
|
612 |
|
|
1,979 |
|
2,065 |
|
2,139 |
|
2,181 |
|
2,366 |
| ||||||||||||
|
Other (2)(3) |
|
(102 |
) |
(104 |
) |
(128 |
) |
(155 |
) |
(96 |
) |
388 |
|
(177 |
) |
|
(461 |
) |
(394 |
) |
(161 |
) |
(579 |
) |
(40 |
) | ||||||||||||
|
Total Markets and Securities Services |
|
$ |
4,729 |
|
$ |
4,600 |
|
$ |
4,122 |
|
$ |
4,877 |
|
$ |
4,497 |
|
$ |
4,717 |
|
$ |
3,465 |
|
|
$ |
18,221 |
|
$ |
16,876 |
|
$ |
16,642 |
|
$ |
17,598 |
|
$ |
17,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total ICG (Ex-CVA/DVA) (4) |
|
$ |
8,876 |
|
$ |
8,649 |
|
$ |
8,356 |
|
$ |
9,319 |
|
$ |
9,421 |
|
$ |
9,430 |
|
$ |
8,304 |
|
|
$ |
34,495 |
|
$ |
34,404 |
|
$ |
33,738 |
|
$ |
33,940 |
|
$ |
36,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above} (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(345 |
) |
(343 |
) |
269 |
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Revenues, net of Interest Expense |
|
$ |
8,876 |
|
$ |
8,649 |
|
$ |
8,356 |
|
$ |
9,319 |
|
$ |
9,421 |
|
$ |
9,430 |
|
$ |
8,304 |
|
|
$ |
34,150 |
|
$ |
34,061 |
|
$ |
34,007 |
|
$ |
33,940 |
|
$ |
36,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Taxable-equivalent adjustments (5) |
|
$ |
144 |
|
$ |
162 |
|
$ |
169 |
|
$ |
189 |
|
$ |
177 |
|
$ |
176 |
|
$ |
174 |
|
|
$ |
847 |
|
$ |
679 |
|
$ |
660 |
|
$ |
641 |
|
$ |
716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total ICG Revenues including taxable-equivalent adjustments (5) |
|
$ |
9,020 |
|
$ |
8,811 |
|
$ |
8,525 |
|
$ |
9,508 |
|
$ |
9,598 |
|
$ |
9,606 |
|
$ |
8,478 |
|
|
$ |
35,342 |
|
$ |
35,083 |
|
$ |
34,398 |
|
$ |
34,581 |
|
$ |
37,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Commissions and Fees |
|
$ |
119 |
|
$ |
119 |
|
$ |
130 |
|
$ |
142 |
|
$ |
158 |
|
$ |
171 |
|
$ |
170 |
|
|
$ |
543 |
|
$ |
469 |
|
$ |
484 |
|
$ |
498 |
|
$ |
641 |
|
|
Principal Transactions (6) |
|
1,799 |
|
1,872 |
|
1,631 |
|
2,360 |
|
1,935 |
|
1,592 |
|
1,108 |
|
|
6,509 |
|
6,289 |
|
5,488 |
|
6,680 |
|
6,995 |
| ||||||||||||
|
Other |
|
214 |
|
173 |
|
(9 |
) |
151 |
|
183 |
|
130 |
|
132 |
|
|
1,040 |
|
413 |
|
330 |
|
595 |
|
596 |
| ||||||||||||
|
Total Non-Interest Revenue |
|
$ |
2,132 |
|
$ |
2,164 |
|
$ |
1,752 |
|
$ |
2,653 |
|
$ |
2,276 |
|
$ |
1,893 |
|
$ |
1,410 |
|
|
$ |
8,092 |
|
$ |
7,171 |
|
$ |
6,302 |
|
$ |
7,773 |
|
$ |
8,232 |
|
|
Net Interest Revenue |
|
1,355 |
|
1,314 |
|
1,248 |
|
1,025 |
|
998 |
|
1,043 |
|
1,053 |
|
|
5,601 |
|
5,166 |
|
5,146 |
|
5,290 |
|
4,119 |
| ||||||||||||
|
Total Fixed Income Markets |
|
$ |
3,487 |
|
$ |
3,478 |
|
$ |
3,000 |
|
$ |
3,678 |
|
$ |
3,274 |
|
$ |
2,936 |
|
$ |
2,463 |
|
|
$ |
13,693 |
|
$ |
12,337 |
|
$ |
11,448 |
|
$ |
13,063 |
|
$ |
12,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Rates and Currencies |
|
$ |
2,486 |
|
$ |
2,397 |
|
$ |
2,241 |
|
$ |
2,530 |
|
$ |
2,254 |
|
$ |
2,189 |
|
$ |
1,912 |
|
|
$ |
8,961 |
|
$ |
7,388 |
|
$ |
7,697 |
|
$ |
9,381 |
|
$ |
8,885 |
|
|
Spread Products / Other Fixed Income |
|
1,001 |
|
1,081 |
|
759 |
|
1,148 |
|
1,020 |
|
747 |
|
551 |
|
|
4,732 |
|
4,949 |
|
3,751 |
|
3,682 |
|
3,466 |
| ||||||||||||
|
Total Fixed Income Markets |
|
$ |
3,487 |
|
$ |
3,478 |
|
$ |
3,000 |
|
$ |
3,678 |
|
$ |
3,274 |
|
$ |
2,936 |
|
$ |
2,463 |
|
|
$ |
13,693 |
|
$ |
12,337 |
|
$ |
11,448 |
|
$ |
13,063 |
|
$ |
12,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Commissions and Fees |
|
$ |
329 |
|
$ |
313 |
|
$ |
330 |
|
$ |
326 |
|
$ |
323 |
|
$ |
309 |
|
$ |
313 |
|
|
$ |
1,596 |
|
$ |
1,490 |
|
$ |
1,366 |
|
$ |
1,338 |
|
$ |
1,271 |
|
|
Principal Transactions (6) |
|
(26 |
) |
66 |
|
107 |
|
189 |
|
(1 |
) |
211 |
|
79 |
|
|
328 |
|
87 |
|
355 |
|
218 |
|
478 |
| ||||||||||||
|
Other |
|
127 |
|
4 |
|
6 |
|
9 |
|
(6 |
) |
(5 |
) |
9 |
|
|
(22 |
) |
37 |
|
56 |
|
139 |
|
7 |
| ||||||||||||
|
Total Non-Interest Revenue |
|
$ |
430 |
|
$ |
383 |
|
$ |
443 |
|
$ |
524 |
|
$ |
316 |
|
$ |
515 |
|
$ |
401 |
|
|
$ |
1,902 |
|
$ |
1,614 |
|
$ |
1,777 |
|
$ |
1,695 |
|
$ |
1,756 |
|
|
Net Interest Revenue |
|
378 |
|
302 |
|
271 |
|
278 |
|
409 |
|
270 |
|
166 |
|
|
1,108 |
|
1,254 |
|
1,439 |
|
1,238 |
|
1,123 |
| ||||||||||||
|
Total Equity Markets |
|
$ |
808 |
|
$ |
685 |
|
$ |
714 |
|
$ |
802 |
|
$ |
725 |
|
$ |
785 |
|
$ |
567 |
|
|
$ |
3,010 |
|
$ |
2,868 |
|
$ |
3,216 |
|
$ |
2,933 |
|
$ |
2,879 |
|
(1) Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives partially offset by the mark-to-market on the loans in the portfolio that are at fair value. 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 corporate lending revenues to reflect the cost of credit protection. Citigroups results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.
(2) Third quarter of 2017 includes the $580 million gain on the sale of a fixed income analytics business.
(3) The full year of 2016 includes a charge of approximately $180 million, primarily reflecting the write-down of Citis net investment in Venezuela as a result of changes in the exchange rate during the 2016 first quarter.
(4) See footnote 2 on page 4.
(5) Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.
(6) Excludes principal transactions revenues of ICG businesses other than Markets, primarily treasury and trade solutions and the private bank.
Reclassified to conform to the current periods presentation.
|
CORPORATE / OTHER (1) (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
| ||||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
|
2016 |
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Net Interest Revenue |
|
$ |
1,225 |
|
$ |
1,251 |
|
$ |
1,161 |
|
$ |
1,309 |
|
$ |
1,390 |
|
$ |
1,466 |
|
$ |
1,317 |
|
$ |
1,210 |
|
$ |
1,430 |
|
$ |
1,433 |
|
$ |
1,347 |
|
$ |
1,077 |
|
$ |
905 |
|
$ |
833 |
|
|
Non-interest revenue |
|
763 |
|
1,020 |
|
1,167 |
|
994 |
|
1,209 |
|
1,031 |
|
1,227 |
|
855 |
|
1,143 |
|
1,178 |
|
826 |
|
2,479 |
|
1,070 |
|
377 |
| ||||||||||||||
|
Total Revenues, Net of Interest Expense |
|
1,988 |
|
2,271 |
|
2,328 |
|
2,303 |
|
2,599 |
|
2,497 |
|
2,544 |
|
2,065 |
|
2,573 |
|
2,611 |
|
2,173 |
|
3,556 |
|
1,975 |
|
1,210 |
| ||||||||||||||
|
Total Operating Expenses |
|
2,723 |
|
2,666 |
|
2,391 |
|
2,512 |
|
2,737 |
|
5,973 |
|
3,409 |
|
4,880 |
|
1,956 |
|
1,773 |
|
1,748 |
|
1,950 |
|
1,266 |
|
1,325 |
| ||||||||||||||
|
Net Credit Losses |
|
1,088 |
|
892 |
|
791 |
|
896 |
|
663 |
|
529 |
|
485 |
|
505 |
|
468 |
|
334 |
|
273 |
|
261 |
|
142 |
|
101 |
| ||||||||||||||
|
Credit Reserve Build / (Release) |
|
(332 |
) |
(471 |
) |
(673 |
) |
(526 |
) |
(341 |
) |
(210 |
) |
(148 |
) |
(221 |
) |
(171 |
) |
(184 |
) |
(172 |
) |
74 |
|
(31 |
) |
(223 |
) | ||||||||||||||
|
Provision for Benefits and Claims |
|
178 |
|
166 |
|
165 |
|
155 |
|
168 |
|
156 |
|
167 |
|
166 |
|
169 |
|
159 |
|
161 |
|
134 |
|
60 |
|
29 |
| ||||||||||||||
|
Provision for Unfunded Lending Commitments |
|
(4 |
) |
7 |
|
(4 |
) |
(7 |
) |
(5 |
) |
(3 |
) |
(3 |
) |
1 |
|
(5 |
) |
2 |
|
(19 |
) |
(2 |
) |
(1 |
) |
(5 |
) | ||||||||||||||
|
Total provisions for credit losses and for benefits and claims |
|
930 |
|
594 |
|
279 |
|
518 |
|
485 |
|
472 |
|
501 |
|
451 |
|
461 |
|
311 |
|
243 |
|
467 |
|
170 |
|
(98 |
) | ||||||||||||||
|
Income from Continuing Operations before Taxes |
|
(1,665 |
) |
(989 |
) |
(342 |
) |
(727 |
) |
(623 |
) |
(3,948 |
) |
(1,366 |
) |
(3,266 |
) |
156 |
|
527 |
|
182 |
|
1,139 |
|
539 |
|
(17 |
) | ||||||||||||||
|
Income Taxes (Benefits) |
|
(733 |
) |
(272 |
) |
(310 |
) |
(81 |
) |
49 |
|
(92 |
) |
(39 |
) |
(260 |
) |
(96 |
) |
(19 |
) |
(162 |
) |
191 |
|
86 |
|
(169 |
) | ||||||||||||||
|
Income (Loss) from Continuing Operations |
|
(932 |
) |
(717 |
) |
(32 |
) |
(646 |
) |
(672 |
) |
(3,856 |
) |
(1,327 |
) |
(3,006 |
) |
252 |
|
546 |
|
344 |
|
948 |
|
453 |
|
152 |
| ||||||||||||||
|
Income (Loss) from Discontinued Operations, net of taxes |
|
(33 |
) |
30 |
|
92 |
|
181 |
|
37 |
|
(22 |
) |
(16 |
) |
(1 |
) |
(5 |
) |
6 |
|
(10 |
) |
(45 |
) |
(2 |
) |
(23 |
) | ||||||||||||||
|
Noncontrolling Interests |
|
35 |
|
8 |
|
28 |
|
31 |
|
12 |
|
24 |
|
7 |
|
4 |
|
11 |
|
(2 |
) |
3 |
|
17 |
|
(7 |
) |
8 |
| ||||||||||||||
|
Net Income (Loss) |
|
$ |
(1,000 |
) |
$ |
(695 |
) |
$ |
32 |
|
$ |
(496 |
) |
$ |
(647 |
) |
$ |
(3,902 |
) |
$ |
(1,350 |
) |
$ |
(3,011 |
) |
$ |
236 |
|
$ |
554 |
|
$ |
331 |
|
$ |
886 |
|
$ |
458 |
|
$ |
121 |
|
|
EOP Assets (in billions of dollars) |
|
$ |
250 |
|
$ |
235 |
|
$ |
230 |
|
$ |
218 |
|
$ |
212 |
|
$ |
212 |
|
$ |
199 |
|
$ |
187 |
|
$ |
182 |
|
$ |
176 |
|
$ |
169 |
|
$ |
133 |
|
$ |
125 |
|
$ |
117 |
|
|
Average Assets (in billions of dollars) |
|
$ |
257 |
|
$ |
242 |
|
$ |
228 |
|
$ |
229 |
|
$ |
210 |
|
$ |
214 |
|
$ |
216 |
|
$ |
205 |
|
$ |
194 |
|
$ |
176 |
|
$ |
179 |
|
$ |
149 |
|
$ |
130 |
|
$ |
121 |
|
|
Return on Average Assets |
|
(1.58 |
)% |
(1.15 |
)% |
0.06 |
% |
(0.86 |
)% |
(1.25 |
)% |
(7.31 |
)% |
(2.48 |
)% |
(5.83 |
)% |
0.49 |
% |
1.26 |
% |
0.73 |
% |
2.36 |
% |
1.42 |
% |
0.40 |
% | ||||||||||||||
|
Efficiency Ratio |
|
137 |
% |
117 |
% |
103 |
% |
109 |
% |
105 |
% |
239 |
% |
134 |
% |
236 |
% |
76 |
% |
68 |
% |
80 |
% |
55 |
% |
64 |
% |
110 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Corporate/Other Consumer Key Indicators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Consumer - International (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Branches (actual) |
|
628 |
|
525 |
|
509 |
|
487 |
|
467 |
|
430 |
|
360 |
|
349 |
|
318 |
|
301 |
|
304 |
|
293 |
|
246 |
|
223 |
| ||||||||||||||
|
Average Loans (in billions) |
|
$ |
25.8 |
|
$ |
24.2 |
|
$ |
20.8 |
|
$ |
20.8 |
|
$ |
19.7 |
|
$ |
19.9 |
|
$ |
18.6 |
|
$ |
14.8 |
|
$ |
12.9 |
|
$ |
9.9 |
|
$ |
8.8 |
|
$ |
8.3 |
|
$ |
6.7 |
|
$ |
6.1 |
|
|
EOP Loans (in billions) |
|
$ |
24.9 |
|
$ |
21.0 |
|
$ |
21.2 |
|
$ |
20.7 |
|
$ |
20.1 |
|
$ |
19.9 |
|
$ |
15.4 |
|
$ |
14.4 |
|
$ |
10.2 |
|
$ |
9.4 |
|
$ |
8.7 |
|
$ |
8.2 |
|
$ |
6.4 |
|
$ |
5.5 |
|
|
Net Interest Revenue |
|
$ |
681 |
|
$ |
708 |
|
$ |
616 |
|
$ |
616 |
|
$ |
551 |
|
$ |
609 |
|
$ |
508 |
|
$ |
428 |
|
$ |
448 |
|
$ |
428 |
|
$ |
400 |
|
$ |
347 |
|
$ |
279 |
|
$ |
269 |
|
|
As a % of Average Loans |
|
12.38 |
% |
11.73 |
% |
11.75 |
% |
11.75 |
% |
11.34 |
% |
12.27 |
% |
10.84 |
% |
11.47 |
% |
14.08 |
% |
16.73 |
% |
18.03 |
% |
16.59 |
% |
16.75 |
% |
17.74 |
% | ||||||||||||||
|
Net Credit Losses |
|
$ |
244 |
|
$ |
174 |
|
$ |
204 |
|
$ |
195 |
|
$ |
176 |
|
$ |
170 |
|
$ |
143 |
|
$ |
116 |
|
$ |
112 |
|
$ |
116 |
|
$ |
93 |
|
$ |
122 |
|
$ |
78 |
|
$ |
77 |
|
|
As a % of Average Loans |
|
3.84 |
% |
2.88 |
% |
3.89 |
% |
3.72 |
% |
3.62 |
% |
3.43 |
% |
3.05 |
% |
3.11 |
% |
3.52 |
% |
4.70 |
% |
4.19 |
% |
5.83 |
% |
4.68 |
% |
5.08 |
% | ||||||||||||||
|
Loans 90+ Days Past Due |
|
$ |
618 |
|
$ |
497 |
|
$ |
420 |
|
$ |
394 |
|
$ |
388 |
|
$ |
367 |
|
$ |
248 |
|
$ |
225 |
|
$ |
194 |
|
$ |
185 |
|
$ |
174 |
|
$ |
157 |
|
$ |
145 |
|
$ |
170 |
|
|
As a % of EOP Loans |
|
2.48 |
% |
2.37 |
% |
1.98 |
% |
1.90 |
% |
1.93 |
% |
1.84 |
% |
1.61 |
% |
1.56 |
% |
1.90 |
% |
1.97 |
% |
2.00 |
% |
1.91 |
% |
2.27 |
% |
3.09 |
% | ||||||||||||||
|
Loans 30-89 Days Past Due |
|
$ |
755 |
|
$ |
590 |
|
$ |
507 |
|
$ |
498 |
|
$ |
498 |
|
$ |
462 |
|
$ |
286 |
|
$ |
265 |
|
$ |
234 |
|
$ |
213 |
|
$ |
193 |
|
$ |
179 |
|
$ |
161 |
|
$ |
138 |
|
|
As a % of EOP Loans |
|
3.03 |
% |
2.81 |
% |
2.39 |
% |
2.41 |
% |
2.48 |
% |
2.32 |
% |
1.86 |
% |
1.84 |
% |
2.29 |
% |
2.27 |
% |
2.22 |
% |
2.18 |
% |
2.52 |
% |
2.51 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Consumer - North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Branches (actual) |
|
1,501 |
|
1,493 |
|
1,483 |
|
1,471 |
|
1,459 |
|
1,458 |
|
1,455 |
|
1,424 |
|
278 |
|
273 |
|
272 |
|
272 |
|
266 |
|
261 |
| ||||||||||||||
|
Average Loans (in billions of dollars) |
|
$ |
103.4 |
|
$ |
97.0 |
|
$ |
90.6 |
|
$ |
86.8 |
|
$ |
83.8 |
|
$ |
80.8 |
|
$ |
77.1 |
|
$ |
73.9 |
|
$ |
68.9 |
|
$ |
55.5 |
|
$ |
52.7 |
|
$ |
49.4 |
|
$ |
39.4 |
|
$ |
37.2 |
|
|
EOP Loans (in billions of dollars) |
|
$ |
98.3 |
|
$ |
91.7 |
|
$ |
88.3 |
|
$ |
85.3 |
|
$ |
82.3 |
|
$ |
78.5 |
|
$ |
74.9 |
|
$ |
70.8 |
|
$ |
56.6 |
|
$ |
54.2 |
|
$ |
50.7 |
|
$ |
40.5 |
|
$ |
38.6 |
|
$ |
35.7 |
|
|
Net Interest Revenue |
|
$ |
757 |
|
$ |
747 |
|
$ |
779 |
|
$ |
819 |
|
$ |
862 |
|
$ |
859 |
|
$ |
860 |
|
$ |
860 |
|
$ |
828 |
|
$ |
786 |
|
$ |
769 |
|
$ |
529 |
|
$ |
339 |
|
$ |
296 |
|
|
As a % of Average Loans |
|
2.97 |
% |
3.09 |
% |
3.41 |
% |
3.74 |
% |
4.17 |
% |
4.26 |
% |
4.43 |
% |
4.62 |
% |
4.87 |
% |
2.07 |
% |
2.03 |
% |
1.96 |
% |
3.46 |
% |
3.20 |
% | ||||||||||||||
|
Net Credit Losses |
|
$ |
835 |
|
$ |
724 |
|
$ |
556 |
|
$ |
713 |
|
$ |
474 |
|
$ |
356 |
|
$ |
369 |
|
$ |
359 |
|
$ |
363 |
|
$ |
193 |
|
$ |
166 |
|
$ |
141 |
|
$ |
65 |
|
$ |
24 |
|
|
As a % of Average Loans |
|
3.28 |
% |
2.99 |
% |
2.43 |
% |
3.26 |
% |
2.29 |
% |
1.77 |
% |
1.90 |
% |
1.93 |
% |
2.14 |
% |
1.39 |
% |
1.25 |
% |
1.13 |
% |
0.66 |
% |
0.26 |
% | ||||||||||||||
|
Loans 90+ Days Past Due (3) |
|
$ |
3,428 |
|
$ |
2,992 |
|
$ |
2,793 |
|
$ |
2,593 |
|
$ |
2,544 |
|
$ |
2,470 |
|
$ |
2,093 |
|
$ |
1,963 |
|
$ |
1,607 |
|
$ |
1,462 |
|
$ |
1,354 |
|
$ |
770 |
|
$ |
751 |
|
$ |
708 |
|
|
As a % of EOP Loans |
|
3.80 |
% |
3.57 |
% |
3.46 |
% |
3.32 |
% |
3.38 |
% |
3.37 |
% |
2.99 |
% |
2.94 |
% |
2.97 |
% |
2.84 |
% |
2.81 |
% |
2.01 |
% |
2.05 |
% |
2.09 |
% | ||||||||||||||
|
Loans 30-89 Days Past Due (3) |
|
$ |
3,121 |
|
$ |
2,896 |
|
$ |
2,660 |
|
$ |
2,524 |
|
$ |
2,103 |
|
$ |
2,174 |
|
$ |
1,978 |
|
$ |
1,663 |
|
$ |
1,197 |
|
$ |
1,153 |
|
$ |
1,230 |
|
$ |
857 |
|
$ |
768 |
|
$ |
720 |
|
|
As a % of EOP Loans |
|
3.46 |
% |
3.45 |
% |
3.30 |
% |
3.24 |
% |
2.79 |
% |
2.97 |
% |
2.83 |
% |
2.49 |
% |
2.21 |
% |
2.24 |
% |
2.56 |
% |
2.24 |
% |
2.09 |
% |
2.12 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| |||||||||||
|
|
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| |||||||||||
|
|
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017(2) |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Net Interest Revenue |
|
$ |
723 |
|
$ |
584 |
|
$ |
558 |
|
$ |
497 |
|
$ |
516 |
|
$ |
429 |
|
|
$ |
4,946 |
|
$ |
5,383 |
|
$ |
5,287 |
|
$ |
3,045 |
|
$ |
2,000 |
|
|
Non-interest revenue |
|
443 |
|
298 |
|
643 |
|
164 |
|
3 |
|
322 |
|
|
3,944 |
|
4,322 |
|
5,626 |
|
2,188 |
|
1,132 |
| |||||||||||
|
Total Revenues, Net of Interest Expense |
|
1,166 |
|
882 |
|
1,201 |
|
661 |
|
519 |
|
751 |
|
|
8,890 |
|
9,705 |
|
10,913 |
|
5,233 |
|
3,132 |
| |||||||||||
|
Total Operating Expenses |
|
1,306 |
|
1,145 |
|
1,134 |
|
996 |
|
827 |
|
857 |
|
|
10,292 |
|
16,999 |
|
7,427 |
|
5,042 |
|
3,814 |
| |||||||||||
|
Net Credit Losses |
|
131 |
|
61 |
|
81 |
|
24 |
|
29 |
|
15 |
|
|
3,667 |
|
2,182 |
|
1,336 |
|
435 |
|
149 |
| |||||||||||
|
Credit Reserve Build / (Release) |
|
(122 |
) |
(80 |
) |
(35 |
) |
(154 |
) |
(79 |
) |
(49 |
) |
|
(2,002 |
) |
(920 |
) |
(453 |
) |
(456 |
) |
(317 |
) | |||||||||||
|
Provision for Benefits and Claims |
|
9 |
|
|
|
1 |
|
|
|
|
|
(8 |
) |
|
664 |
|
657 |
|
623 |
|
98 |
|
(7 |
) | |||||||||||
|
Provision for Unfunded Lending Commitments |
|
|
|
(2 |
) |
5 |
|
(2 |
) |
|
|
(3 |
) |
|
(8 |
) |
(10 |
) |
(24 |
) |
(8 |
) |
|
| |||||||||||
|
Total provisions for credit losses and for benefits and claims |
|
18 |
|
(21 |
) |
52 |
|
(132 |
) |
(50 |
) |
(45 |
) |
|
2,321 |
|
1,909 |
|
1,482 |
|
69 |
|
(175 |
) | |||||||||||
|
Income from Continuing Operations before Taxes |
|
(158 |
) |
(242 |
) |
15 |
|
(203 |
) |
(258 |
) |
(61 |
) |
|
(3,723 |
) |
(9,203 |
) |
2,004 |
|
122 |
|
(507 |
) | |||||||||||
|
Income Taxes (Benefits) |
|
(141 |
) |
(231 |
) |
(94 |
) |
(178 |
) |
(163 |
) |
19,499 |
|
|
(1,396 |
) |
(342 |
) |
(86 |
) |
(455 |
) |
19,064 |
| |||||||||||
|
Income (Loss) from Continuing Operations |
|
(17 |
) |
(11 |
) |
109 |
|
(25 |
) |
(95 |
) |
(19,560 |
) |
|
(2,327 |
) |
(8,861 |
) |
2,090 |
|
577 |
|
(19,571 |
) | |||||||||||
|
Income (Loss) from Discontinued Operations, net of taxes |
|
(30 |
) |
(3 |
) |
(18 |
) |
21 |
|
(5 |
) |
(109 |
) |
|
270 |
|
(2 |
) |
(54 |
) |
(58 |
) |
(111 |
) | |||||||||||
|
Noncontrolling Interests |
|
(5 |
) |
2 |
|
(6 |
) |
10 |
|
(17 |
) |
7 |
|
|
102 |
|
47 |
|
29 |
|
(2 |
) |
(6 |
) | |||||||||||
|
Net Income (Loss) |
|
$ |
(42 |
) |
$ |
(16 |
) |
$ |
97 |
|
$ |
(14 |
) |
$ |
(83 |
) |
$ |
(19,676 |
) |
|
$ |
(2,159 |
) |
$ |
(8,910 |
) |
$ |
2,007 |
|
$ |
521 |
|
$ |
(19,676 |
) |
|
EOP Assets (in billions of dollars) |
|
$ |
105 |
|
$ |
104 |
|
$ |
96 |
|
$ |
93 |
|
$ |
100 |
|
$ |
78 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Average Assets (in billions of dollars) |
|
$ |
112 |
|
$ |
101 |
|
$ |
103 |
|
$ |
95 |
|
$ |
102 |
|
$ |
102 |
|
|
$ |
239 |
|
$ |
211 |
|
$ |
175 |
|
$ |
116 |
|
$ |
101 |
|
|
Return on Average Assets |
|
(0.15 |
)% |
(0.06 |
)% |
0.38 |
% |
(0.06 |
)% |
(0.32 |
)% |
(76.53 |
)% |
|
(0.92 |
)% |
(4.31 |
)% |
1.15 |
% |
0.45 |
% |
(19.48 |
)% | |||||||||||
|
Efficiency Ratio |
|
112 |
% |
130 |
% |
94 |
% |
151 |
% |
159 |
% |
114 |
% |
|
116 |
% |
175 |
% |
68 |
% |
96 |
% |
122 |
% | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Corporate/Other Consumer Key Indicators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Consumer - International (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Branches (actual) |
|
224 |
|
61 |
|
50 |
|
49 |
|
49 |
|
49 |
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Average Loans (in billions) |
|
$ |
5.4 |
|
$ |
2.4 |
|
$ |
2.1 |
|
$ |
1.9 |
|
$ |
1.9 |
|
$ |
1.7 |
|
|
22.9 |
|
18.3 |
|
10.0 |
|
$ |
5.2 |
|
$ |
1.9 |
| |||
|
EOP Loans (in billions) |
|
$ |
5.5 |
|
$ |
2.4 |
|
$ |
2.1 |
|
$ |
1.8 |
|
$ |
1.7 |
|
$ |
1.6 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Net Interest Revenue |
|
$ |
257 |
|
$ |
94 |
|
$ |
76 |
|
$ |
80 |
|
$ |
63 |
|
$ |
74 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
As a % of Average Loans |
|
18.93 |
% |
15.58 |
% |
14.68 |
% |
16.89 |
% |
13.16 |
% |
17.27 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Net Credit Losses |
|
$ |
82 |
|
$ |
32 |
|
$ |
26 |
|
$ |
24 |
|
$ |
25 |
|
$ |
7 |
|
|
817 |
|
605 |
|
443 |
|
$ |
269 |
|
$ |
82 |
| |||
|
As a % of Average Loans |
|
6.04 |
% |
5.30 |
% |
5.02 |
% |
5.07 |
% |
5.22 |
% |
1.63 |
% |
|
3.57 |
% |
3.31 |
% |
4.43 |
% |
5.17 |
% |
4.32 |
% | |||||||||||
|
Loans 90+ Days Past Due |
|
$ |
164 |
|
$ |
94 |
|
$ |
77 |
|
$ |
63 |
|
$ |
57 |
|
$ |
43 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
As a % of EOP Loans |
|
2.98 |
% |
3.92 |
% |
3.67 |
% |
3.50 |
% |
3.35 |
% |
2.69 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Loans 30-89 Days Past Due |
|
$ |
135 |
|
$ |
49 |
|
$ |
60 |
|
$ |
44 |
|
$ |
47 |
|
$ |
40 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
As a % of EOP Loans |
|
2.45 |
% |
2.04 |
% |
2.86 |
% |
2.44 |
% |
2.76 |
% |
2.50 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Consumer - North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Branches (actual) |
|
259 |
|
251 |
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Average Loans (in billions of dollars) |
|
$ |
35.4 |
|
$ |
32.0 |
|
$ |
29.6 |
|
$ |
25.9 |
|
$ |
23.9 |
|
$ |
21.9 |
|
|
94.5 |
|
78.9 |
|
56.6 |
|
$ |
36.0 |
|
$ |
25.3 |
| |||
|
EOP Loans (in billions of dollars) |
|
$ |
33.4 |
|
$ |
30.8 |
|
$ |
27.2 |
|
$ |
24.9 |
|
$ |
23.0 |
|
$ |
21.2 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Net Interest Revenue |
|
$ |
231 |
|
$ |
198 |
|
$ |
204 |
|
$ |
110 |
|
$ |
168 |
|
$ |
174 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
As a % of Average Loans |
|
2.60 |
% |
2.46 |
% |
2.80 |
% |
1.70 |
% |
2.79 |
% |
3.15 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Net Credit Losses |
|
$ |
52 |
|
$ |
28 |
|
$ |
43 |
|
$ |
(6 |
) |
$ |
27 |
|
$ |
10 |
|
|
2,828 |
|
1,558 |
|
863 |
|
$ |
169 |
|
$ |
74 |
| |||
|
As a % of Average Loans |
|
0.58 |
% |
0.35 |
% |
0.59 |
% |
(0.09 |
)% |
0.45 |
% |
0.18 |
% |
|
2.99 |
% |
1.97 |
% |
1.52 |
% |
0.47 |
% |
0.29 |
% | |||||||||||
|
Loans 90+ Days Past Due (3) |
|
$ |
693 |
|
$ |
740 |
|
$ |
607 |
|
$ |
538 |
|
$ |
548 |
|
$ |
514 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
As a % of EOP Loans |
|
2.17 |
% |
2.52 |
% |
2.35 |
% |
2.28 |
% |
2.51 |
% |
2.56 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Loans 30-89 Days Past Due (3) |
|
$ |
714 |
|
$ |
686 |
|
$ |
555 |
|
$ |
510 |
|
$ |
596 |
|
$ |
502 |
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
As a % of EOP Loans |
|
2.24 |
% |
2.33 |
% |
2.15 |
% |
2.16 |
% |
2.73 |
% |
2.50 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
(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) See footnote 1 on page 1.
(3) See footnote 2 on page 18.
Reclassified to conform to the current periods presentation.
|
CORPORATE / OTHER CONSUMER KEY INDICATORS - Continued (In millions of dollars, except as otherwise noted) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
| |||||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
|
2016 |
|
2016 |
| |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
North America Mortgages |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Residential First |
|
$ |
56.8 |
|
$ |
52.8 |
|
$ |
47.9 |
|
$ |
45.5 |
|
$ |
43.8 |
|
$ |
41.9 |
|
$ |
39.2 |
|
$ |
37.0 |
|
$ |
33.2 |
|
$ |
29.2 |
|
$ |
27.8 |
|
$ |
25.7 |
|
$ |
18.1 |
|
$ |
16.5 |
|
$ |
15.5 |
|
|
Home Equity |
|
33.5 |
|
32.0 |
|
30.6 |
|
29.3 |
|
28.2 |
|
27.4 |
|
26.4 |
|
25.3 |
|
24.4 |
|
23.3 |
|
22.0 |
|
21.0 |
|
18.6 |
|
18.0 |
|
16.7 |
| |||||||||||||||
|
Average Loans (in billions of dollars) |
|
$ |
90.3 |
|
$ |
84.8 |
|
$ |
78.5 |
|
$ |
74.8 |
|
$ |
72.0 |
|
$ |
69.3 |
|
$ |
65.6 |
|
$ |
62.3 |
|
$ |
57.6 |
|
$ |
52.5 |
|
$ |
49.8 |
|
$ |
46.7 |
|
$ |
36.7 |
|
$ |
34.5 |
|
$ |
32.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Residential First |
|
$ |
53.5 |
|
$ |
48.6 |
|
$ |
46.5 |
|
$ |
44.6 |
|
$ |
43.2 |
|
$ |
40.0 |
|
$ |
37.5 |
|
$ |
34.4 |
|
$ |
29.8 |
|
$ |
28.6 |
|
$ |
26.4 |
|
$ |
18.7 |
|
$ |
17.6 |
|
$ |
15.8 |
|
$ |
14.8 |
|
|
Home Equity |
|
32.6 |
|
31.2 |
|
29.8 |
|
28.7 |
|
27.7 |
|
26.9 |
|
25.9 |
|
24.9 |
|
23.8 |
|
22.7 |
|
21.5 |
|
19.1 |
|
18.3 |
|
17.3 |
|
16.1 |
| |||||||||||||||
|
EOP Loans (in billions of dollars) |
|
$ |
86.1 |
|
$ |
79.8 |
|
$ |
76.3 |
|
$ |
73.3 |
|
$ |
70.9 |
|
$ |
66.9 |
|
$ |
63.4 |
|
$ |
59.3 |
|
$ |
53.6 |
|
$ |
51.3 |
|
$ |
47.9 |
|
$ |
37.8 |
|
$ |
35.9 |
|
$ |
33.1 |
|
$ |
30.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Third Party Mortgage Serv. Portfolio (EOP, in billions) |
|
$ |
128.8 |
|
$ |
116.7 |
|
$ |
106.4 |
|
$ |
100.1 |
|
$ |
88.4 |
|
$ |
69.9 |
|
$ |
56.0 |
|
$ |
47.4 |
|
$ |
43.4 |
|
$ |
39.2 |
|
$ |
36.4 |
|
$ |
34.0 |
|
$ |
29.3 |
|
$ |
28.5 |
|
$ |
18.6 |
|
|
Net Servicing & Gain/(Loss) on Sale (1) |
|
$ |
78.8 |
|
$ |
98.7 |
|
$ |
25.1 |
|
$ |
53.5 |
|
$ |
27.2 |
|
$ |
34.6 |
|
$ |
81.5 |
|
$ |
96.8 |
|
$ |
96.2 |
|
$ |
61.3 |
|
$ |
49.6 |
|
$ |
5.0 |
|
$ |
118.4 |
|
$ |
19.4 |
|
$ |
17.0 |
|
|
Net Interest Revenue |
|
$ |
457 |
|
$ |
422 |
|
$ |
437 |
|
$ |
451 |
|
$ |
464 |
|
$ |
439 |
|
$ |
419 |
|
$ |
413 |
|
$ |
343 |
|
$ |
301 |
|
$ |
277 |
|
$ |
246 |
|
$ |
258 |
|
$ |
178 |
|
$ |
150 |
|
|
As a % of Avg. Loans |
|
2.05 |
% |
2.00 |
% |
2.21 |
% |
2.39 |
% |
2.61 |
% |
2.54 |
% |
2.53 |
% |
2.63 |
% |
2.42 |
% |
2.30 |
% |
2.21 |
% |
2.09 |
% |
2.83 |
% |
2.08 |
% |
1.85 |
% | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Residential First |
|
$ |
318 |
|
$ |
279 |
|
$ |
211 |
|
$ |
297 |
|
$ |
190 |
|
$ |
91 |
|
$ |
137 |
|
$ |
117 |
|
$ |
103 |
|
$ |
101 |
|
$ |
84 |
|
$ |
65 |
|
$ |
1 |
|
$ |
(12 |
) |
$ |
7 |
|
|
Home Equity |
|
312 |
|
274 |
|
212 |
|
269 |
|
140 |
|
114 |
|
98 |
|
87 |
|
81 |
|
70 |
|
61 |
|
56 |
|
42 |
|
13 |
|
23 |
| |||||||||||||||
|
Net Credit Losses (NCLs) |
|
$ |
630 |
|
$ |
553 |
|
$ |
423 |
|
$ |
566 |
|
$ |
330 |
|
$ |
205 |
|
$ |
235 |
|
$ |
204 |
|
$ |
184 |
|
$ |
171 |
|
$ |
145 |
|
$ |
121 |
|
$ |
43 |
|
$ |
1 |
|
$ |
30 |
|
|
As a % of Avg. Loans |
|
2.83 |
% |
2.62 |
% |
2.14 |
% |
3.00 |
% |
1.86 |
% |
1.19 |
% |
1.42 |
% |
1.30 |
% |
1.30 |
% |
1.31 |
% |
1.16 |
% |
1.03 |
% |
0.47 |
% |
0.01 |
% |
0.37 |
% | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Residential First |
|
$ |
2,454 |
|
$ |
2,106 |
|
$ |
1,928 |
|
$ |
1,772 |
|
$ |
1,767 |
|
$ |
1,743 |
|
$ |
1,345 |
|
$ |
1,185 |
|
$ |
1,089 |
|
$ |
973 |
|
$ |
881 |
|
$ |
323 |
|
$ |
314 |
|
$ |
267 |
|
$ |
245 |
|
|
Home Equity |
|
722 |
|
678 |
|
641 |
|
582 |
|
542 |
|
517 |
|
503 |
|
500 |
|
484 |
|
458 |
|
441 |
|
417 |
|
409 |
|
414 |
|
418 |
| |||||||||||||||
|
Loans 90+ Days Past Due (2) (3) |
|
$ |
3,176 |
|
$ |
2,784 |
|
$ |
2,569 |
|
$ |
2,354 |
|
$ |
2,309 |
|
$ |
2,260 |
|
$ |
1,848 |
|
$ |
1,685 |
|
$ |
1,573 |
|
$ |
1,431 |
|
$ |
1,322 |
|
$ |
740 |
|
$ |
723 |
|
$ |
681 |
|
$ |
663 |
|
|
As a % of EOP Loans |
|
4.08 |
% |
3.87 |
% |
3.73 |
% |
3.57 |
% |
3.61 |
% |
3.66 |
% |
3.16 |
% |
3.05 |
% |
3.08 |
% |
2.94 |
% |
2.92 |
% |
2.08 |
% |
2.13 |
% |
2.18 |
% |
2.26 |
% | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
Residential First |
|
$ |
2,411 |
|
$ |
2,212 |
|
$ |
2,015 |
|
$ |
1,884 |
|
$ |
1,577 |
|
$ |
1,642 |
|
$ |
1,425 |
|
$ |
1,123 |
|
$ |
879 |
|
$ |
830 |
|
$ |
871 |
|
$ |
539 |
|
$ |
454 |
|
$ |
433 |
|
$ |
426 |
|
|
Home Equity |
|
517 |
|
483 |
|
427 |
|
422 |
|
350 |
|
336 |
|
334 |
|
324 |
|
269 |
|
275 |
|
311 |
|
271 |
|
274 |
|
241 |
|
244 |
| |||||||||||||||
|
Loans 30-89 Days Past Due (2) (3) |
|
$ |
2,928 |
|
$ |
2,695 |
|
$ |
2,442 |
|
$ |
2,306 |
|
$ |
1,927 |
|
$ |
1,978 |
|
$ |
1,759 |
|
$ |
1,447 |
|
$ |
1,148 |
|
$ |
1,105 |
|
$ |
1,182 |
|
$ |
810 |
|
$ |
728 |
|
$ |
674 |
|
$ |
670 |
|
|
As a % of EOP Loans |
|
3.76 |
% |
3.74 |
% |
3.55 |
% |
3.49 |
% |
3.02 |
% |
3.21 |
% |
3.01 |
% |
2.62 |
% |
2.25 |
% |
2.27 |
% |
2.61 |
% |
2.28 |
% |
2.14 |
% |
2.15 |
% |
2.28 |
% | |||||||||||||||
|
|
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||
|
|
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
North America Mortgages |
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Residential First |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Home Equity |
|
$ |
13.9 |
|
$ |
12.3 |
|
$ |
11.4 |
|
$ |
10.2 |
|
$ |
9.4 |
|
|
Average Loans (in billions of dollars) |
|
15.6 |
|
14.7 |
|
12.9 |
|
11.9 |
|
11.1 |
| |||||
|
|
|
$ |
29.5 |
|
$ |
27.0 |
|
$ |
24.3 |
|
$ |
22.1 |
|
$ |
20.5 |
|
|
Residential First |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Home Equity |
|
$ |
13.4 |
|
$ |
12.3 |
|
$ |
11.0 |
|
$ |
10.1 |
|
$ |
9.3 |
|
|
EOP Loans (in billions of dollars) |
|
15.0 |
|
13.4 |
|
12.4 |
|
11.5 |
|
10.6 |
| |||||
|
|
|
$ |
28.4 |
|
$ |
25.7 |
|
$ |
23.4 |
|
$ |
21.6 |
|
$ |
19.9 |
|
|
Third Party Mortgage Serv. Portfolio (EOP, in billions) |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Net Servicing & Gain/(Loss) on Sale (1) |
|
$ |
18.0 |
|
$ |
15.9 |
|
$ |
14.9 |
|
$ |
12.6 |
|
$ |
12.1 |
|
|
Net Interest Revenue |
|
$ |
17.9 |
|
$ |
(265.4 |
) |
$ |
29.5 |
|
$ |
20.8 |
|
$ |
23.5 |
|
|
As a % of Avg. Loans |
|
$ |
114 |
|
$ |
103 |
|
$ |
60 |
|
$ |
77 |
|
$ |
78 |
|
|
|
|
1.54 |
% |
1.55 |
% |
0.99 |
% |
1.38 |
% |
1.51 |
% | |||||
|
Residential First |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Home Equity |
|
$ |
(23 |
) |
$ |
7 |
|
$ |
(26 |
) |
$ |
1 |
|
$ |
(1 |
) |
|
Net Credit Losses (NCLs) |
|
25 |
|
10 |
|
14 |
|
23 |
|
8 |
| |||||
|
As a % of Avg. Loans |
|
$ |
2 |
|
$ |
17 |
|
$ |
(12 |
) |
$ |
24 |
|
$ |
7 |
|
|
|
|
0.03 |
% |
0.26 |
% |
(0.20 |
)% |
0.43 |
% |
0.14 |
% | |||||
|
Residential First |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Home Equity |
|
$ |
290 |
|
$ |
212 |
|
$ |
175 |
|
$ |
194 |
|
$ |
173 |
|
|
Loans 90+ Days Past Due (2) (3) |
|
420 |
|
385 |
|
356 |
|
346 |
|
334 |
| |||||
|
As a % of EOP Loans |
|
$ |
710 |
|
$ |
597 |
|
$ |
531 |
|
$ |
540 |
|
$ |
507 |
|
|
|
|
2.63 |
% |
2.46 |
% |
2.40 |
% |
2.65 |
% |
2.70 |
% | |||||
|
Residential First |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Home Equity |
|
$ |
395 |
|
$ |
314 |
|
$ |
290 |
|
$ |
365 |
|
$ |
284 |
|
|
Loans 30-89 Days Past Due (2) (3) |
|
234 |
|
214 |
|
197 |
|
209 |
|
195 |
| |||||
|
As a % of EOP Loans |
|
$ |
629 |
|
$ |
528 |
|
$ |
487 |
|
$ |
574 |
|
$ |
479 |
|
|
|
|
2.33 |
% |
2.17 |
% |
2.20 |
% |
2.81 |
% |
2.55 |
% | |||||
(1) The first quarter of 2017 includes the loss related to Citis previously announced exit of its U.S. mortgage servicing operations.
(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) for each period were $0.9 billion and ($1.4 billion), $0.8 billion and ($1.4 billion), $0.7 billion and ($1.3 billion), $0.7 billion and ($1.2 billion), and $0.6 billion and ($1.1 billion), as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.
The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.2 billion and ($1.4 billion), and $0.1 billion and ($1.4 billion), $0.2 billion and ($1.3 billion), $0.1 billion and ($1.2 billion), and $0.1 billion and ($1.1 billion), as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.
(3) The December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $7 million, $7 million, $6 million, $6 million and $4 million, respectively, of loans that are carried at fair value.
Reclassified to conform to the current periods presentation.
|
AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)(5) Taxable Equivalent Basis |
|
|
|
|
Average Volumes |
|
Interest |
|
% Average Rate (4) |
| ||||||||||||||||||
|
|
|
Fourth |
|
Third |
|
Fourth |
|
Fourth |
|
Third |
|
Fourth |
|
Fourth |
|
Third |
|
Fourth |
| ||||||
|
|
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
| ||||||
|
In millions of dollars, except as otherwise noted |
|
2016 |
|
2017 |
|
2017 |
|
2016 |
|
2017 |
|
2017 |
|
2016 |
|
2017 |
|
2017 |
| ||||||
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Deposits with Banks |
|
$ |
143,119 |
|
$ |
176,942 |
|
$ |
179,810 |
|
$ |
268 |
|
$ |
486 |
|
$ |
479 |
|
0.74 |
% |
1.09 |
% |
1.06 |
% |
|
Fed Funds Sold and Resale Agreements (6) |
|
235,364 |
|
245,451 |
|
249,904 |
|
596 |
|
858 |
|
901 |
|
1.01 |
% |
1.39 |
% |
1.43 |
% | ||||||
|
Trading Account Assets (7) |
|
194,782 |
|
204,607 |
|
211,685 |
|
1,371 |
|
1,473 |
|
1,345 |
|
2.80 |
% |
2.86 |
% |
2.52 |
% | ||||||
|
Investments |
|
345,552 |
|
352,026 |
|
353,050 |
|
1,963 |
|
2,154 |
|
2,248 |
|
2.26 |
% |
2.43 |
% |
2.53 |
% | ||||||
|
Total Loans (net of Unearned Income) (8) |
|
626,028 |
|
646,321 |
|
653,951 |
|
10,120 |
|
10,774 |
|
10,688 |
|
6.43 |
% |
6.61 |
% |
6.48 |
% | ||||||
|
Other Interest-Earning Assets |
|
62,602 |
|
61,677 |
|
63,996 |
|
321 |
|
292 |
|
317 |
|
2.04 |
% |
1.88 |
% |
1.97 |
% | ||||||
|
Total Average Interest-Earning Assets |
|
$ |
1,607,447 |
|
$ |
1,687,024 |
|
$ |
1,712,396 |
|
$ |
14,639 |
|
$ |
16,037 |
|
$ |
15,978 |
|
3.62 |
% |
3.77 |
% |
3.70 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Deposits (excluding deposit insurance and FDIC Assessment) |
|
$ |
718,871 |
|
$ |
757,442 |
|
$ |
760,134 |
|
$ |
1,041 |
|
$ |
1,474 |
|
$ |
1,481 |
|
0.58 |
% |
0.77 |
% |
0.77 |
% |
|
Deposit Insurance and FDIC Assessment |
|
|
|
|
|
|
|
306 |
|
301 |
|
313 |
|
|
|
|
|
|
| ||||||
|
Total Deposits |
|
718,871 |
|
757,442 |
|
760,134 |
|
1,347 |
|
1,775 |
|
1,794 |
|
0.75 |
% |
0.93 |
% |
0.94 |
% | ||||||
|
Fed Funds Purchased and Repurchase Agreements (6) |
|
150,137 |
|
158,064 |
|
162,838 |
|
424 |
|
712 |
|
780 |
|
1.12 |
% |
1.79 |
% |
1.90 |
% | ||||||
|
Trading Account Liabilities (7) |
|
81,670 |
|
89,809 |
|
89,485 |
|
124 |
|
169 |
|
176 |
|
0.60 |
% |
0.75 |
% |
0.78 |
% | ||||||
|
Short-Term Borrowings |
|
94,935 |
|
98,139 |
|
105,339 |
|
177 |
|
318 |
|
340 |
|
0.74 |
% |
1.29 |
% |
1.28 |
% | ||||||
|
Long-Term Debt (9) |
|
183,637 |
|
203,064 |
|
207,598 |
|
1,205 |
|
1,405 |
|
1,447 |
|
2.61 |
% |
2.75 |
% |
2.77 |
% | ||||||
|
Total Average Interest-Bearing Liabilities |
|
$ |
1,229,250 |
|
$ |
1,306,518 |
|
$ |
1,325,394 |
|
$ |
3,277 |
|
$ |
4,379 |
|
$ |
4,537 |
|
1.06 |
% |
1.33 |
% |
1.36 |
% |
|
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment) |
|
$ |
1,229,250 |
|
$ |
1,306,518 |
|
$ |
1,325,394 |
|
$ |
2,971 |
|
$ |
4,078 |
|
$ |
4,224 |
|
0.96 |
% |
1.24 |
% |
1.26 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Net Interest Revenue as a % of Average Interest-Earning Assets (NIM) |
|
|
|
|
|
|
|
$ |
11,362 |
|
$ |
11,658 |
|
$ |
11,441 |
|
2.81 |
% |
2.74 |
% |
2.65 |
% | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment) |
|
|
|
|
|
|
|
$ |
11,668 |
|
$ |
11,959 |
|
$ |
11,754 |
|
2.89 |
% |
2.81 |
% |
2.72 |
% | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
4Q17 Increase (Decrease) From |
|
|
|
|
|
|
|
|
|
|
|
|
|
(16 |
)bps |
(9 |
)bps |
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
4Q17 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From |
|
|
|
|
|
|
|
|
|
|
|
|
|
(17 |
)bps |
(9 |
)bps |
|
| ||||||
(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $113 million for the fourth quarter of 2016, $123 million for the third quarter of 2017 and $128 million for the fourth 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) Not used.
(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 periods presentation.
|
DEPOSITS (In billions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
| ||||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
|
2016 |
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
North America |
|
$ |
175.4 |
|
$ |
174.5 |
|
$ |
177.5 |
|
$ |
178.9 |
|
$ |
181.4 |
|
$ |
179.4 |
|
$ |
180.6 |
|
$ |
180.2 |
|
$ |
181.6 |
|
$ |
182.5 |
|
$ |
180.0 |
|
$ |
181.6 |
|
$ |
183.7 |
|
$ |
183.3 |
|
|
Latin America |
|
31.7 |
|
29.2 |
|
29.8 |
|
31.4 |
|
30.8 |
|
31.1 |
|
29.2 |
|
29.2 |
|
27.4 |
|
27.5 |
|
24.8 |
|
27.0 |
|
26.7 |
|
26.4 |
| ||||||||||||||
|
Asia (1) |
|
93.1 |
|
87.9 |
|
87.6 |
|
88.9 |
|
90.7 |
|
92.9 |
|
90.3 |
|
89.0 |
|
89.5 |
|
89.4 |
|
87.0 |
|
87.6 |
|
90.7 |
|
90.5 |
| ||||||||||||||
|
Total |
|
$ |
300.2 |
|
$ |
291.6 |
|
$ |
294.9 |
|
$ |
299.2 |
|
$ |
302.9 |
|
$ |
303.4 |
|
$ |
300.1 |
|
$ |
298.4 |
|
$ |
298.5 |
|
$ |
299.4 |
|
$ |
291.8 |
|
$ |
296.2 |
|
$ |
301.1 |
|
$ |
300.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
ICG |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
North America |
|
$ |
147.3 |
|
$ |
150.7 |
|
$ |
166.1 |
|
$ |
177.5 |
|
$ |
179.1 |
|
$ |
175.7 |
|
$ |
177.0 |
|
$ |
196.2 |
|
$ |
251.5 |
|
$ |
261.7 |
|
$ |
261.6 |
|
$ |
267.3 |
|
$ |
269.3 |
|
$ |
274.5 |
|
|
EMEA |
|
173.1 |
|
174.0 |
|
181.9 |
|
185.6 |
|
184.7 |
|
186.2 |
|
179.4 |
|
164.2 |
|
151.8 |
|
159.9 |
|
160.3 |
|
153.5 |
|
166.0 |
|
162.4 |
| ||||||||||||||
|
Latin America |
|
57.0 |
|
57.8 |
|
63.6 |
|
60.6 |
|
67.4 |
|
66.3 |
|
63.2 |
|
54.8 |
|
34.9 |
|
32.1 |
|
29.6 |
|
27.0 |
|
28.2 |
|
25.2 |
| ||||||||||||||
|
Asia |
|
141.3 |
|
144.4 |
|
148.2 |
|
145.4 |
|
138.7 |
|
144.9 |
|
144.5 |
|
141.6 |
|
134.5 |
|
136.0 |
|
144.9 |
|
141.3 |
|
145.2 |
|
146.5 |
| ||||||||||||||
|
Total |
|
$ |
518.7 |
|
$ |
526.9 |
|
$ |
559.8 |
|
$ |
569.1 |
|
$ |
569.9 |
|
$ |
573.1 |
|
$ |
564.1 |
|
$ |
556.8 |
|
$ |
572.7 |
|
$ |
589.7 |
|
$ |
596.4 |
|
$ |
589.1 |
|
$ |
608.7 |
|
$ |
608.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Corporate/Other |
|
$ |
114.9 |
|
$ |
119.9 |
|
$ |
100.8 |
|
$ |
100.0 |
|
$ |
93.5 |
|
$ |
89.2 |
|
$ |
78.5 |
|
$ |
44.1 |
|
$ |
28.4 |
|
$ |
18.9 |
|
$ |
16.0 |
|
$ |
22.6 |
|
$ |
24.8 |
|
$ |
29.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Deposits - EOP |
|
$ |
933.8 |
|
$ |
938.4 |
|
$ |
955.5 |
|
$ |
968.3 |
|
$ |
966.3 |
|
$ |
965.7 |
|
$ |
942.7 |
|
$ |
899.3 |
|
$ |
899.6 |
|
$ |
908.0 |
|
$ |
904.2 |
|
$ |
907.9 |
|
$ |
934.6 |
|
$ |
937.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Deposits - Average |
|
$ |
920.4 |
|
$ |
924.5 |
|
$ |
922.1 |
|
$ |
956.4 |
|
$ |
957.4 |
|
$ |
959.5 |
|
$ |
954.2 |
|
$ |
938.7 |
|
$ |
899.5 |
|
$ |
906.4 |
|
$ |
903.1 |
|
$ |
908.8 |
|
$ |
911.7 |
|
$ |
935.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Foreign Currency (FX) Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total EOP Deposits - as Reported |
|
$ |
933.8 |
|
$ |
938.4 |
|
$ |
955.5 |
|
$ |
968.3 |
|
$ |
966.3 |
|
$ |
965.7 |
|
$ |
942.7 |
|
$ |
899.3 |
|
$ |
899.6 |
|
$ |
908.0 |
|
$ |
904.2 |
|
$ |
907.9 |
|
$ |
934.6 |
|
$ |
937.9 |
|
|
Impact of FX Translation (2) |
|
(53.8 |
) |
(43.5 |
) |
(49.9 |
) |
(50.0 |
) |
(47.9 |
) |
(51.5 |
) |
(35.1 |
) |
(20.0 |
) |
(7.1 |
) |
(9.2 |
) |
4.6 |
|
6.7 |
|
|
|
5.9 |
| ||||||||||||||
|
Total EOP Deposits - Ex-FX (2) |
|
$ |
880.0 |
|
$ |
894.9 |
|
$ |
905.6 |
|
$ |
918.3 |
|
$ |
918.4 |
|
$ |
914.2 |
|
$ |
907.6 |
|
$ |
879.3 |
|
$ |
892.5 |
|
$ |
898.8 |
|
$ |
908.8 |
|
$ |
914.6 |
|
$ |
934.6 |
|
$ |
943.8 |
|
|
|
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| ||||||
|
|
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
North America |
|
$ |
185.6 |
|
$ |
185.0 |
|
$ |
187.5 |
|
$ |
185.2 |
|
$ |
185.1 |
|
$ |
182.5 |
|
|
Latin America |
|
25.8 |
|
24.9 |
|
27.6 |
|
28.7 |
|
28.3 |
|
27.1 |
| ||||||
|
Asia (1) |
|
93.6 |
|
89.9 |
|
95.4 |
|
95.4 |
|
96.6 |
|
97.7 |
| ||||||
|
Total |
|
$ |
305.0 |
|
$ |
299.8 |
|
$ |
310.5 |
|
$ |
309.3 |
|
$ |
310.0 |
|
$ |
307.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
ICG |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
North America |
|
$ |
276.1 |
|
$ |
282.6 |
|
$ |
287.0 |
|
$ |
280.0 |
|
$ |
290.2 |
|
$ |
295.9 |
|
|
EMEA |
|
170.0 |
|
163.5 |
|
160.6 |
|
169.8 |
|
171.7 |
|
173.7 |
| ||||||
|
Latin America |
|
26.1 |
|
25.7 |
|
27.5 |
|
26.9 |
|
25.8 |
|
25.4 |
| ||||||
|
Asia |
|
146.6 |
|
140.0 |
|
144.4 |
|
146.9 |
|
151.9 |
|
144.5 |
| ||||||
|
Total |
|
$ |
618.8 |
|
$ |
611.8 |
|
$ |
619.5 |
|
$ |
623.6 |
|
$ |
639.6 |
|
$ |
639.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Corporate/Other |
|
$ |
16.5 |
|
$ |
17.8 |
|
$ |
20.0 |
|
$ |
25.8 |
|
$ |
14.4 |
|
$ |
13.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Total Deposits - EOP |
|
$ |
940.3 |
|
$ |
929.4 |
|
$ |
950.0 |
|
$ |
958.7 |
|
$ |
964.0 |
|
$ |
959.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Total Deposits - Average |
|
$ |
944.2 |
|
$ |
935.1 |
|
$ |
940.9 |
|
$ |
960.0 |
|
$ |
965.9 |
|
$ |
973.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Foreign Currency (FX) Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Total EOP Deposits - as Reported |
|
$ |
940.3 |
|
$ |
929.4 |
|
$ |
950.0 |
|
$ |
958.7 |
|
$ |
964.0 |
|
$ |
959.8 |
|
|
Impact of FX Translation (2) |
|
6.1 |
|
23.4 |
|
12.1 |
|
5.4 |
|
1.4 |
|
|
| ||||||
|
Total EOP Deposits - Ex-FX (2) |
|
$ |
946.4 |
|
$ |
952.8 |
|
$ |
962.1 |
|
$ |
964.1 |
|
$ |
965.4 |
|
$ |
959.8 |
|
(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. Citigroups results of operations excluding the impact of FX translation are non-GAAP financial measures.
Reclassified to conform to the current periods presentation.
|
EOP LOANS (In billions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Credit Cards |
|
$ |
104.6 |
|
$ |
105.3 |
|
$ |
111.8 |
|
$ |
116.8 |
|
$ |
109.1 |
|
$ |
110.4 |
|
$ |
109.5 |
|
$ |
114.0 |
|
$ |
105.9 |
|
$ |
107.7 |
|
$ |
107.9 |
|
$ |
113.3 |
|
$ |
107.4 |
|
|
Retail Banking |
|
43.2 |
|
41.8 |
|
43.3 |
|
44.3 |
|
45.2 |
|
46.4 |
|
47.8 |
|
47.1 |
|
48.1 |
|
49.2 |
|
51.0 |
|
52.2 |
|
53.5 |
| |||||||||||||
|
Total |
|
$ |
147.8 |
|
$ |
147.1 |
|
$ |
155.1 |
|
$ |
161.1 |
|
$ |
154.3 |
|
$ |
156.8 |
|
$ |
157.3 |
|
$ |
161.1 |
|
$ |
154.0 |
|
$ |
156.9 |
|
$ |
158.9 |
|
$ |
165.5 |
|
$ |
160.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Credit Cards |
|
$ |
7.1 |
|
$ |
7.0 |
|
$ |
7.1 |
|
$ |
7.4 |
|
$ |
7.2 |
|
$ |
7.4 |
|
$ |
7.3 |
|
$ |
6.7 |
|
$ |
6.1 |
|
$ |
5.9 |
|
$ |
5.4 |
|
$ |
5.4 |
|
$ |
5.3 |
|
|
Retail Banking |
|
23.4 |
|
22.8 |
|
22.2 |
|
23.5 |
|
23.1 |
|
23.5 |
|
22.8 |
|
21.0 |
|
20.8 |
|
20.8 |
|
19.5 |
|
19.7 |
|
19.8 |
| |||||||||||||
|
Total |
|
$ |
30.5 |
|
$ |
29.8 |
|
$ |
29.3 |
|
$ |
30.9 |
|
$ |
30.3 |
|
$ |
30.9 |
|
$ |
30.1 |
|
$ |
27.7 |
|
$ |
26.9 |
|
$ |
26.7 |
|
$ |
24.9 |
|
$ |
25.1 |
|
$ |
25.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Asia (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Credit Cards |
|
$ |
20.0 |
|
$ |
19.5 |
|
$ |
18.8 |
|
$ |
19.3 |
|
$ |
18.8 |
|
$ |
19.6 |
|
$ |
18.9 |
|
$ |
18.6 |
|
$ |
17.8 |
|
$ |
18.1 |
|
$ |
17.0 |
|
$ |
17.6 |
|
$ |
17.6 |
|
|
Retail Banking |
|
69.8 |
|
69.1 |
|
70.8 |
|
72.3 |
|
74.3 |
|
76.6 |
|
75.3 |
|
73.3 |
|
71.8 |
|
72.4 |
|
68.6 |
|
68.4 |
|
68.7 |
| |||||||||||||
|
Total |
|
$ |
89.8 |
|
$ |
88.6 |
|
$ |
89.6 |
|
$ |
91.6 |
|
$ |
93.1 |
|
$ |
96.2 |
|
$ |
94.2 |
|
$ |
91.9 |
|
$ |
89.6 |
|
$ |
90.5 |
|
$ |
85.6 |
|
$ |
86.0 |
|
$ |
86.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total GCB Consumer Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Credit Cards |
|
$ |
131.7 |
|
$ |
131.8 |
|
$ |
137.7 |
|
$ |
143.5 |
|
$ |
135.1 |
|
$ |
137.4 |
|
$ |
135.7 |
|
$ |
139.3 |
|
$ |
129.8 |
|
$ |
131.7 |
|
$ |
130.3 |
|
$ |
136.3 |
|
$ |
130.3 |
|
|
Retail Banking |
|
136.4 |
|
133.7 |
|
136.3 |
|
140.1 |
|
142.6 |
|
146.5 |
|
145.9 |
|
141.4 |
|
140.7 |
|
142.4 |
|
139.1 |
|
140.3 |
|
142.0 |
| |||||||||||||
|
Total GCB |
|
$ |
268.1 |
|
$ |
265.5 |
|
$ |
274.0 |
|
$ |
283.6 |
|
$ |
277.7 |
|
$ |
283.9 |
|
$ |
281.6 |
|
$ |
280.7 |
|
$ |
270.5 |
|
$ |
274.1 |
|
$ |
269.4 |
|
$ |
276.6 |
|
$ |
272.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate/Other - Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Mortgages |
|
$ |
86.1 |
|
$ |
79.8 |
|
$ |
76.3 |
|
$ |
73.3 |
|
$ |
70.9 |
|
$ |
66.9 |
|
$ |
63.4 |
|
$ |
59.3 |
|
$ |
53.6 |
|
$ |
51.3 |
|
$ |
47.9 |
|
$ |
37.8 |
|
$ |
35.9 |
|
|
Other |
|
12.2 |
|
11.9 |
|
12.0 |
|
12.0 |
|
11.4 |
|
11.6 |
|
11.5 |
|
11.5 |
|
3.0 |
|
2.9 |
|
2.8 |
|
2.7 |
|
2.7 |
| |||||||||||||
|
Total |
|
$ |
98.3 |
|
$ |
91.7 |
|
$ |
88.3 |
|
$ |
85.3 |
|
$ |
82.3 |
|
$ |
78.5 |
|
$ |
74.9 |
|
$ |
70.8 |
|
$ |
56.6 |
|
$ |
54.2 |
|
$ |
50.7 |
|
$ |
40.5 |
|
$ |
38.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
International |
|
$ |
24.9 |
|
$ |
21.0 |
|
$ |
21.2 |
|
$ |
20.7 |
|
$ |
20.1 |
|
$ |
19.9 |
|
$ |
15.4 |
|
$ |
14.4 |
|
$ |
10.2 |
|
$ |
9.4 |
|
$ |
8.7 |
|
$ |
8.2 |
|
$ |
6.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate/Other - Other Consumer |
|
0.8 |
|
0.8 |
|
0.9 |
|
0.7 |
|
0.5 |
|
(2.2 |
) |
0.2 |
|
(0.3 |
) |
0.1 |
|
0.2 |
|
0.1 |
|
0.2 |
|
0.3 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Corporate/Other - Consumer |
|
$ |
124.0 |
|
$ |
113.5 |
|
$ |
110.4 |
|
$ |
106.7 |
|
$ |
102.9 |
|
$ |
96.2 |
|
$ |
90.5 |
|
$ |
84.9 |
|
$ |
66.9 |
|
$ |
63.8 |
|
$ |
59.5 |
|
$ |
48.9 |
|
$ |
45.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Consumer Loans |
|
$ |
392.1 |
|
$ |
379.0 |
|
$ |
384.4 |
|
$ |
390.3 |
|
$ |
380.6 |
|
$ |
380.1 |
|
$ |
372.1 |
|
$ |
365.6 |
|
$ |
337.4 |
|
$ |
337.9 |
|
$ |
328.9 |
|
$ |
325.5 |
|
$ |
317.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Corporate Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
91.6 |
|
$ |
99.8 |
|
$ |
103.6 |
|
$ |
106.2 |
|
$ |
107.3 |
|
$ |
108.8 |
|
$ |
114.1 |
|
$ |
117.3 |
|
$ |
124.6 |
|
$ |
132.2 |
|
$ |
134.7 |
|
$ |
137.2 |
|
$ |
141.1 |
|
|
EMEA |
|
61.4 |
|
60.6 |
|
62.1 |
|
62.4 |
|
64.8 |
|
64.9 |
|
60.8 |
|
59.5 |
|
61.8 |
|
64.5 |
|
63.4 |
|
60.7 |
|
65.4 |
| |||||||||||||
|
Latin America |
|
38.4 |
|
37.9 |
|
39.5 |
|
40.1 |
|
42.1 |
|
42.0 |
|
40.1 |
|
39.3 |
|
37.6 |
|
37.7 |
|
37.9 |
|
36.5 |
|
35.7 |
| |||||||||||||
|
Asia |
|
62.8 |
|
66.4 |
|
68.0 |
|
66.5 |
|
69.4 |
|
71.7 |
|
66.7 |
|
62.9 |
|
59.6 |
|
59.8 |
|
57.5 |
|
57.8 |
|
59.1 |
| |||||||||||||
|
Total Corporate Loans |
|
$ |
254.2 |
|
$ |
264.7 |
|
$ |
273.2 |
|
$ |
275.2 |
|
$ |
283.6 |
|
$ |
287.4 |
|
$ |
281.7 |
|
$ |
279.0 |
|
$ |
283.6 |
|
$ |
294.2 |
|
$ |
293.5 |
|
$ |
292.2 |
|
$ |
301.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Loans |
|
$ |
646.4 |
|
$ |
643.7 |
|
$ |
657.6 |
|
$ |
665.5 |
|
$ |
664.2 |
|
$ |
667.5 |
|
$ |
653.8 |
|
$ |
644.6 |
|
$ |
621.1 |
|
$ |
632.1 |
|
$ |
622.4 |
|
$ |
617.6 |
|
$ |
618.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Foreign Currency (FX) Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total EOP Loans - as Reported |
|
$ |
646.4 |
|
$ |
643.7 |
|
$ |
657.6 |
|
$ |
665.5 |
|
$ |
664.2 |
|
$ |
667.5 |
|
$ |
653.8 |
|
$ |
644.6 |
|
$ |
621.1 |
|
$ |
632.1 |
|
$ |
622.4 |
|
$ |
617.6 |
|
$ |
618.8 |
|
|
Impact of FX Translation (2) |
|
(36.7 |
) |
(28.6 |
) |
(31.2 |
) |
(31.4 |
) |
(30.7 |
) |
(34.1 |
) |
(24.9 |
) |
(15.1 |
) |
(7.6 |
) |
(8.1 |
) |
2.1 |
|
3.6 |
|
|
| |||||||||||||
|
Total EOP Loans - Ex-FX (2) |
|
$ |
609.7 |
|
$ |
615.1 |
|
$ |
626.4 |
|
$ |
634.1 |
|
$ |
633.5 |
|
$ |
633.4 |
|
$ |
628.9 |
|
$ |
629.5 |
|
$ |
613.5 |
|
$ |
624.0 |
|
$ |
624.5 |
|
$ |
621.2 |
|
$ |
618.8 |
|
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Credit Cards |
|
$ |
120.8 |
|
$ |
125.2 |
|
$ |
133.3 |
|
$ |
126.4 |
|
$ |
130.8 |
|
$ |
132.2 |
|
$ |
139.7 |
|
|
Retail Banking |
|
54.8 |
|
54.8 |
|
55.3 |
|
55.5 |
|
55.6 |
|
55.7 |
|
56.0 |
| |||||||
|
Total |
|
$ |
175.6 |
|
$ |
180.0 |
|
$ |
188.6 |
|
$ |
181.9 |
|
$ |
186.4 |
|
$ |
187.9 |
|
$ |
195.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Credit Cards |
|
$ |
5.0 |
|
$ |
4.9 |
|
$ |
4.8 |
|
$ |
5.2 |
|
$ |
5.5 |
|
$ |
5.6 |
|
$ |
5.4 |
|
|
Retail Banking |
|
19.1 |
|
18.7 |
|
18.0 |
|
19.7 |
|
21.0 |
|
21.0 |
|
19.9 |
| |||||||
|
Total |
|
$ |
24.1 |
|
$ |
23.6 |
|
$ |
22.8 |
|
$ |
24.9 |
|
$ |
26.5 |
|
$ |
26.6 |
|
$ |
25.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Asia (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Credit Cards |
|
$ |
17.6 |
|
$ |
17.7 |
|
$ |
17.5 |
|
$ |
18.3 |
|
$ |
18.8 |
|
$ |
18.8 |
|
$ |
19.8 |
|
|
Retail Banking |
|
67.5 |
|
68.1 |
|
63.0 |
|
66.2 |
|
66.8 |
|
67.5 |
|
70.0 |
| |||||||
|
Total |
|
$ |
85.1 |
|
$ |
85.8 |
|
$ |
80.5 |
|
$ |
84.5 |
|
$ |
85.6 |
|
$ |
86.3 |
|
$ |
89.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total GCB Consumer Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Credit Cards |
|
$ |
143.4 |
|
$ |
147.8 |
|
$ |
155.6 |
|
$ |
149.9 |
|
$ |
155.1 |
|
$ |
156.6 |
|
$ |
164.9 |
|
|
Retail Banking |
|
141.4 |
|
141.6 |
|
136.3 |
|
141.4 |
|
143.4 |
|
144.2 |
|
145.9 |
| |||||||
|
Total GCB |
|
$ |
284.8 |
|
$ |
289.4 |
|
$ |
291.9 |
|
$ |
291.3 |
|
$ |
298.5 |
|
$ |
300.8 |
|
$ |
310.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Corporate/Other - Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Mortgages |
|
$ |
33.1 |
|
$ |
30.9 |
|
$ |
28.4 |
|
$ |
25.7 |
|
$ |
23.4 |
|
$ |
21.6 |
|
$ |
19.9 |
|
|
Other |
|
2.6 |
|
2.5 |
|
2.4 |
|
1.5 |
|
1.5 |
|
1.4 |
|
1.3 |
| |||||||
|
Total |
|
$ |
35.7 |
|
$ |
33.4 |
|
$ |
30.8 |
|
$ |
27.2 |
|
$ |
24.9 |
|
$ |
23.0 |
|
$ |
21.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
International |
|
$ |
5.5 |
|
$ |
5.5 |
|
$ |
2.4 |
|
$ |
2.1 |
|
$ |
1.8 |
|
$ |
1.7 |
|
$ |
1.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Corporate/Other - Other Consumer |
|
0.1 |
|
0.1 |
|
|
|
|
|
0.1 |
|
0.1 |
|
0.1 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Corporate/Other - Consumer |
|
$ |
41.3 |
|
$ |
39.0 |
|
$ |
33.2 |
|
$ |
29.3 |
|
$ |
26.8 |
|
$ |
24.8 |
|
$ |
22.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Consumer Loans |
|
$ |
326.1 |
|
$ |
328.4 |
|
$ |
325.1 |
|
$ |
320.6 |
|
$ |
325.3 |
|
$ |
325.6 |
|
$ |
333.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Corporate Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
North America |
|
$ |
144.4 |
|
$ |
148.9 |
|
$ |
148.0 |
|
$ |
147.8 |
|
$ |
151.8 |
|
$ |
155.7 |
|
$ |
159.2 |
|
|
EMEA |
|
69.2 |
|
68.1 |
|
62.7 |
|
66.4 |
|
71.3 |
|
72.8 |
|
74.4 |
| |||||||
|
Latin America |
|
35.1 |
|
35.1 |
|
33.8 |
|
35.1 |
|
34.1 |
|
33.7 |
|
33.5 |
| |||||||
|
Asia |
|
58.7 |
|
58.0 |
|
54.8 |
|
58.7 |
|
62.2 |
|
65.4 |
|
66.3 |
| |||||||
|
Total Corporate Loans |
|
$ |
307.4 |
|
$ |
310.1 |
|
$ |
299.3 |
|
$ |
308.0 |
|
$ |
319.4 |
|
$ |
327.6 |
|
$ |
333.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total Loans |
|
$ |
633.5 |
|
$ |
638.4 |
|
$ |
624.4 |
|
$ |
628.6 |
|
$ |
644.7 |
|
$ |
653.2 |
|
$ |
667.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Foreign Currency (FX) Translation Impact: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total EOP Loans - as Reported |
|
$ |
633.5 |
|
$ |
638.4 |
|
$ |
624.4 |
|
$ |
628.6 |
|
$ |
644.7 |
|
$ |
653.2 |
|
$ |
667.0 |
|
|
Impact of FX Translation (2) |
|
3.7 |
|
3.5 |
|
12.3 |
|
4.8 |
|
2.0 |
|
0.2 |
|
|
| |||||||
|
Total EOP Loans - Ex-FX (2) |
|
$ |
637.2 |
|
$ |
641.9 |
|
$ |
636.7 |
|
$ |
633.4 |
|
$ |
646.7 |
|
$ |
653.4 |
|
$ |
667.0 |
|
(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.
Citigroups results of operations excluding the impact of FX translation are non-GAAP financial measures.
Reclassified to conform to the current periods presentation.
|
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) |
| |||||||||||||||||||||||||||||||||||||
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
GCB (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total |
|
$ |
2,572 |
|
$ |
2,359 |
|
$ |
2,428 |
|
$ |
2,718 |
|
$ |
2,674 |
|
$ |
2,561 |
|
$ |
2,508 |
|
$ |
2,444 |
|
$ |
2,132 |
|
$ |
2,020 |
|
$ |
1,981 |
|
$ |
2,119 |
|
$ |
2,022 |
|
|
Ratio |
|
0.96 |
% |
0.89 |
% |
0.89 |
% |
0.96 |
% |
0.97 |
% |
0.91 |
% |
0.89 |
% |
0.87 |
% |
0.79 |
% |
0.74 |
% |
0.74 |
% |
0.77 |
% |
0.75 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Bank (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total |
|
$ |
742 |
|
$ |
710 |
|
$ |
745 |
|
$ |
840 |
|
$ |
890 |
|
$ |
904 |
|
$ |
868 |
|
$ |
736 |
|
$ |
540 |
|
$ |
567 |
|
$ |
529 |
|
$ |
523 |
|
$ |
498 |
|
|
Ratio |
|
0.55 |
% |
0.54 |
% |
0.55 |
% |
0.60 |
% |
0.63 |
% |
0.62 |
% |
0.60 |
% |
0.52 |
% |
0.39 |
% |
0.40 |
% |
0.38 |
% |
0.38 |
% |
0.35 |
% | |||||||||||||
|
North America (2) |
|
$ |
282 |
|
$ |
285 |
|
$ |
277 |
|
$ |
257 |
|
$ |
243 |
|
$ |
227 |
|
$ |
229 |
|
$ |
225 |
|
$ |
123 |
|
$ |
150 |
|
$ |
138 |
|
$ |
165 |
|
$ |
152 |
|
|
Ratio |
|
0.68 |
% |
0.70 |
% |
0.66 |
% |
0.60 |
% |
0.55 |
% |
0.50 |
% |
0.49 |
% |
0.49 |
% |
0.26 |
% |
0.31 |
% |
0.28 |
% |
0.32 |
% |
0.29 |
% | |||||||||||||
|
Latin America |
|
$ |
235 |
|
$ |
226 |
|
$ |
262 |
|
$ |
394 |
|
$ |
452 |
|
$ |
467 |
|
$ |
427 |
|
$ |
325 |
|
$ |
238 |
|
$ |
232 |
|
$ |
212 |
|
$ |
185 |
|
$ |
172 |
|
|
Ratio |
|
1.00 |
% |
0.99 |
% |
1.18 |
% |
1.68 |
% |
1.96 |
% |
1.99 |
% |
1.87 |
% |
1.55 |
% |
1.14 |
% |
1.12 |
% |
1.09 |
% |
0.94 |
% |
0.87 |
% | |||||||||||||
|
Asia (3) |
|
$ |
225 |
|
$ |
199 |
|
$ |
206 |
|
$ |
189 |
|
$ |
195 |
|
$ |
210 |
|
$ |
212 |
|
$ |
186 |
|
$ |
179 |
|
$ |
185 |
|
$ |
179 |
|
$ |
173 |
|
$ |
174 |
|
|
Ratio |
|
0.32 |
% |
0.29 |
% |
0.29 |
% |
0.26 |
% |
0.26 |
% |
0.27 |
% |
0.28 |
% |
0.25 |
% |
0.25 |
% |
0.26 |
% |
0.26 |
% |
0.25 |
% |
0.25 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total |
|
$ |
1,830 |
|
$ |
1,649 |
|
$ |
1,683 |
|
$ |
1,878 |
|
$ |
1,784 |
|
$ |
1,657 |
|
$ |
1,640 |
|
$ |
1,708 |
|
$ |
1,592 |
|
$ |
1,453 |
|
$ |
1,452 |
|
$ |
1,596 |
|
$ |
1,524 |
|
|
Ratio |
|
1.39 |
% |
1.25 |
% |
1.22 |
% |
1.31 |
% |
1.32 |
% |
1.21 |
% |
1.21 |
% |
1.23 |
% |
1.23 |
% |
1.10 |
% |
1.11 |
% |
1.17 |
% |
1.17 |
% | |||||||||||||
|
North America - Citi-Branded |
|
$ |
732 |
|
$ |
663 |
|
$ |
628 |
|
$ |
681 |
|
$ |
648 |
|
$ |
583 |
|
$ |
559 |
|
$ |
593 |
|
$ |
569 |
|
$ |
495 |
|
$ |
491 |
|
$ |
538 |
|
$ |
530 |
|
|
Ratio |
|
1.06 |
% |
0.96 |
% |
0.91 |
% |
0.97 |
% |
0.97 |
% |
0.87 |
% |
0.84 |
% |
0.88 |
% |
0.90 |
% |
0.77 |
% |
0.76 |
% |
0.80 |
% |
0.82 |
% | |||||||||||||
|
North America - Retail Services |
|
$ |
651 |
|
$ |
556 |
|
$ |
650 |
|
$ |
771 |
|
$ |
689 |
|
$ |
606 |
|
$ |
630 |
|
$ |
678 |
|
$ |
629 |
|
$ |
567 |
|
$ |
621 |
|
$ |
705 |
|
$ |
665 |
|
|
Ratio |
|
1.84 |
% |
1.54 |
% |
1.51 |
% |
1.67 |
% |
1.63 |
% |
1.41 |
% |
1.47 |
% |
1.46 |
% |
1.48 |
% |
1.31 |
% |
1.44 |
% |
1.53 |
% |
1.56 |
% | |||||||||||||
|
Latin America |
|
$ |
191 |
|
$ |
194 |
|
$ |
200 |
|
$ |
223 |
|
$ |
232 |
|
$ |
245 |
|
$ |
244 |
|
$ |
242 |
|
$ |
203 |
|
$ |
200 |
|
$ |
169 |
|
$ |
173 |
|
$ |
149 |
|
|
Ratio |
|
2.69 |
% |
2.77 |
% |
2.82 |
% |
3.01 |
% |
3.22 |
% |
3.31 |
% |
3.34 |
% |
3.61 |
% |
3.33 |
% |
3.39 |
% |
3.13 |
% |
3.20 |
% |
2.81 |
% | |||||||||||||
|
Asia (3) |
|
$ |
256 |
|
$ |
236 |
|
$ |
205 |
|
$ |
203 |
|
$ |
215 |
|
$ |
223 |
|
$ |
207 |
|
$ |
195 |
|
$ |
191 |
|
$ |
191 |
|
$ |
171 |
|
$ |
180 |
|
$ |
180 |
|
|
Ratio |
|
1.28 |
% |
1.21 |
% |
1.09 |
% |
1.05 |
% |
1.14 |
% |
1.14 |
% |
1.10 |
% |
1.05 |
% |
1.07 |
% |
1.06 |
% |
1.01 |
% |
1.02 |
% |
1.02 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate/Other - Consumer (2) (4) |
|
$ |
4,046 |
|
$ |
3,489 |
|
$ |
3,213 |
|
$ |
2,987 |
|
$ |
2,932 |
|
$ |
2,837 |
|
$ |
2,341 |
|
$ |
2,188 |
|
$ |
1,801 |
|
$ |
1,647 |
|
$ |
1,528 |
|
$ |
927 |
|
$ |
896 |
|
|
Ratio |
|
3.52 |
% |
3.33 |
% |
3.15 |
% |
3.02 |
% |
3.07 |
% |
3.04 |
% |
2.74 |
% |
2.69 |
% |
2.80 |
% |
2.70 |
% |
2.69 |
% |
1.99 |
% |
2.08 |
% | |||||||||||||
|
International |
|
$ |
618 |
|
$ |
497 |
|
$ |
420 |
|
$ |
394 |
|
$ |
388 |
|
$ |
367 |
|
$ |
248 |
|
$ |
225 |
|
$ |
194 |
|
$ |
185 |
|
$ |
174 |
|
$ |
157 |
|
$ |
145 |
|
|
Ratio |
|
2.48 |
% |
2.37 |
% |
1.98 |
% |
1.90 |
% |
1.93 |
% |
1.84 |
% |
1.61 |
% |
1.56 |
% |
1.90 |
% |
1.97 |
% |
2.00 |
% |
1.91 |
% |
2.27 |
% | |||||||||||||
|
North America (2) (4) |
|
$ |
3,428 |
|
$ |
2,992 |
|
$ |
2,793 |
|
$ |
2,593 |
|
$ |
2,544 |
|
$ |
2,470 |
|
$ |
2,093 |
|
$ |
1,963 |
|
$ |
1,607 |
|
$ |
1,462 |
|
$ |
1,354 |
|
$ |
770 |
|
$ |
751 |
|
|
Ratio |
|
3.80 |
% |
3.57 |
% |
3.46 |
% |
3.32 |
% |
3.38 |
% |
3.37 |
% |
2.99 |
% |
2.94 |
% |
2.97 |
% |
2.84 |
% |
2.81 |
% |
2.01 |
% |
2.05 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Citigroup (2) (4) |
|
$ |
6,618 |
|
$ |
5,848 |
|
$ |
5,641 |
|
$ |
5,705 |
|
$ |
5,606 |
|
$ |
5,398 |
|
$ |
4,849 |
|
$ |
4,632 |
|
$ |
3,933 |
|
$ |
3,667 |
|
$ |
3,509 |
|
$ |
3,046 |
|
$ |
2,918 |
|
|
Ratio |
|
1.73 |
% |
1.58 |
% |
1.51 |
% |
1.50 |
% |
1.51 |
% |
1.44 |
% |
1.33 |
% |
1.28 |
% |
1.18 |
% |
1.10 |
% |
1.08 |
% |
0.94 |
% |
0.93 |
% | |||||||||||||
|
|
|
Loans 90+ Days Past Due (1) |
|
EOP Loans |
| ||||||||||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
4Q |
| ||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
GCB (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total |
|
$ |
1,965 |
|
$ |
2,166 |
|
$ |
2,293 |
|
$ |
2,241 |
|
$ |
2,183 |
|
$ |
2,279 |
|
$ |
2,478 |
|
$ |
310.8 |
|
|
Ratio |
|
0.69 |
% |
0.75 |
% |
0.79 |
% |
0.77 |
% |
0.73 |
% |
0.76 |
% |
0.80 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Retail Bank (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total |
|
$ |
515 |
|
$ |
579 |
|
$ |
474 |
|
$ |
488 |
|
$ |
477 |
|
$ |
489 |
|
$ |
515 |
|
$ |
145.9 |
|
|
Ratio |
|
0.37 |
% |
0.41 |
% |
0.35 |
% |
0.35 |
% |
0.33 |
% |
0.34 |
% |
0.35 |
% |
|
| ||||||||
|
North America (2) |
|
$ |
180 |
|
$ |
256 |
|
$ |
181 |
|
$ |
182 |
|
$ |
155 |
|
$ |
167 |
|
$ |
199 |
|
$ |
56.0 |
|
|
Ratio |
|
0.33 |
% |
0.47 |
% |
0.33 |
% |
0.33 |
% |
0.28 |
% |
0.30 |
% |
0.36 |
% |
|
| ||||||||
|
Latin America |
|
$ |
157 |
|
$ |
160 |
|
$ |
136 |
|
$ |
141 |
|
$ |
150 |
|
$ |
151 |
|
$ |
130 |
|
$ |
19.9 |
|
|
Ratio |
|
0.82 |
% |
0.86 |
% |
0.76 |
% |
0.72 |
% |
0.71 |
% |
0.72 |
% |
0.65 |
% |
|
| ||||||||
|
Asia (3) |
|
$ |
178 |
|
$ |
163 |
|
$ |
157 |
|
$ |
165 |
|
$ |
172 |
|
$ |
171 |
|
$ |
186 |
|
$ |
70.0 |
|
|
Ratio |
|
0.26 |
% |
0.24 |
% |
0.25 |
% |
0.25 |
% |
0.26 |
% |
0.25 |
% |
0.27 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total |
|
$ |
1,450 |
|
$ |
1,587 |
|
$ |
1,819 |
|
$ |
1,753 |
|
$ |
1,706 |
|
$ |
1,790 |
|
$ |
1,963 |
|
$ |
164.9 |
|
|
Ratio |
|
1.01 |
% |
1.07 |
% |
1.17 |
% |
1.17 |
% |
1.10 |
% |
1.14 |
% |
1.19 |
% |
|
| ||||||||
|
North America - Citi-Branded |
|
$ |
510 |
|
$ |
607 |
|
$ |
748 |
|
$ |
698 |
|
$ |
659 |
|
$ |
668 |
|
$ |
768 |
|
$ |
90.5 |
|
|
Ratio |
|
0.66 |
% |
0.75 |
% |
0.87 |
% |
0.85 |
% |
0.77 |
% |
0.77 |
% |
0.85 |
% |
|
| ||||||||
|
North America - Retail Services |
|
$ |
619 |
|
$ |
664 |
|
$ |
761 |
|
$ |
735 |
|
$ |
693 |
|
$ |
772 |
|
$ |
845 |
|
$ |
49.2 |
|
|
Ratio |
|
1.43 |
% |
1.51 |
% |
1.61 |
% |
1.66 |
% |
1.53 |
% |
1.68 |
% |
1.72 |
% |
|
| ||||||||
|
Latin America |
|
$ |
145 |
|
$ |
131 |
|
$ |
130 |
|
$ |
137 |
|
$ |
161 |
|
$ |
159 |
|
$ |
151 |
|
$ |
5.4 |
|
|
Ratio |
|
2.90 |
% |
2.67 |
% |
2.71 |
% |
2.63 |
% |
2.93 |
% |
2.84 |
% |
2.80 |
% |
|
| ||||||||
|
Asia (3) |
|
$ |
176 |
|
$ |
185 |
|
$ |
180 |
|
$ |
183 |
|
$ |
193 |
|
$ |
191 |
|
$ |
199 |
|
$ |
19.8 |
|
|
Ratio |
|
1.00 |
% |
1.05 |
% |
1.03 |
% |
1.00 |
% |
1.03 |
% |
1.02 |
% |
1.01 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Corporate/Other - Consumer (2) (4) |
|
$ |
878 |
|
$ |
857 |
|
$ |
834 |
|
$ |
684 |
|
$ |
601 |
|
$ |
605 |
|
$ |
557 |
|
$ |
22.9 |
|
|
Ratio |
|
2.23 |
% |
2.29 |
% |
2.62 |
% |
2.45 |
% |
2.37 |
% |
2.57 |
% |
2.57 |
% |
|
| ||||||||
|
International |
|
$ |
170 |
|
$ |
164 |
|
$ |
94 |
|
$ |
77 |
|
$ |
63 |
|
$ |
57 |
|
$ |
43 |
|
$ |
1.6 |
|
|
Ratio |
|
3.09 |
% |
2.98 |
% |
3.92 |
% |
3.67 |
% |
3.50 |
% |
3.35 |
% |
2.69 |
% |
|
| ||||||||
|
North America (2) (4) |
|
$ |
708 |
|
$ |
693 |
|
$ |
740 |
|
$ |
607 |
|
$ |
538 |
|
$ |
548 |
|
$ |
514 |
|
$ |
21.3 |
|
|
Ratio |
|
2.09 |
% |
2.17 |
% |
2.52 |
% |
2.35 |
% |
2.28 |
% |
2.51 |
% |
2.56 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total Citigroup (2) (4) |
|
$ |
2,843 |
|
$ |
3,023 |
|
$ |
3,127 |
|
$ |
2,925 |
|
$ |
2,784 |
|
$ |
2,884 |
|
$ |
3,035 |
|
$ |
333.7 |
|
|
Ratio |
|
0.88 |
% |
0.93 |
% |
0.97 |
% |
0.92 |
% |
0.86 |
% |
0.89 |
% |
0.91 |
% |
|
| ||||||||
(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 2 on page 18.
(3) Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.
(4) See footnote 3 on page 18.
Reclassified to conform to the current periods presentation.
|
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) |
| |||||||||||||||||||||||||||||||||||||
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
GCB (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total |
|
$ |
2,913 |
|
$ |
2,622 |
|
$ |
2,884 |
|
$ |
2,916 |
|
$ |
2,705 |
|
$ |
2,677 |
|
$ |
2,689 |
|
$ |
2,586 |
|
$ |
2,414 |
|
$ |
2,290 |
|
$ |
2,427 |
|
$ |
2,418 |
|
$ |
2,360 |
|
|
Ratio |
|
1.09 |
% |
0.99 |
% |
1.06 |
% |
1.03 |
% |
0.98 |
% |
0.95 |
% |
0.96 |
% |
0.92 |
% |
0.90 |
% |
0.84 |
% |
0.90 |
% |
0.88 |
% |
0.87 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Retail Bank (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total |
|
$ |
1,003 |
|
$ |
906 |
|
$ |
941 |
|
$ |
893 |
|
$ |
839 |
|
$ |
883 |
|
$ |
840 |
|
$ |
794 |
|
$ |
791 |
|
$ |
746 |
|
$ |
764 |
|
$ |
739 |
|
$ |
793 |
|
|
Ratio |
|
0.74 |
% |
0.68 |
% |
0.70 |
% |
0.64 |
% |
0.59 |
% |
0.61 |
% |
0.58 |
% |
0.57 |
% |
0.57 |
% |
0.53 |
% |
0.55 |
% |
0.53 |
% |
0.56 |
% | |||||||||||||
|
North America (2) |
|
$ |
226 |
|
$ |
217 |
|
$ |
209 |
|
$ |
205 |
|
$ |
177 |
|
$ |
203 |
|
$ |
213 |
|
$ |
212 |
|
$ |
203 |
|
$ |
176 |
|
$ |
198 |
|
$ |
221 |
|
$ |
198 |
|
|
Ratio |
|
0.54 |
% |
0.54 |
% |
0.50 |
% |
0.48 |
% |
0.40 |
% |
0.45 |
% |
0.46 |
% |
0.46 |
% |
0.43 |
% |
0.36 |
% |
0.40 |
% |
0.43 |
% |
0.38 |
% | |||||||||||||
|
Latin America |
|
$ |
303 |
|
$ |
250 |
|
$ |
338 |
|
$ |
294 |
|
$ |
258 |
|
$ |
266 |
|
$ |
239 |
|
$ |
235 |
|
$ |
229 |
|
$ |
217 |
|
$ |
239 |
|
$ |
184 |
|
$ |
256 |
|
|
Ratio |
|
1.29 |
% |
1.10 |
% |
1.52 |
% |
1.25 |
% |
1.12 |
% |
1.13 |
% |
1.05 |
% |
1.12 |
% |
1.10 |
% |
1.04 |
% |
1.23 |
% |
0.93 |
% |
1.29 |
% | |||||||||||||
|
Asia (3) |
|
$ |
474 |
|
$ |
439 |
|
$ |
394 |
|
$ |
394 |
|
$ |
404 |
|
$ |
414 |
|
$ |
388 |
|
$ |
347 |
|
$ |
359 |
|
$ |
353 |
|
$ |
327 |
|
$ |
334 |
|
$ |
339 |
|
|
Ratio |
|
0.68 |
% |
0.64 |
% |
0.56 |
% |
0.54 |
% |
0.54 |
% |
0.54 |
% |
0.52 |
% |
0.47 |
% |
0.50 |
% |
0.49 |
% |
0.48 |
% |
0.49 |
% |
0.49 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total |
|
$ |
1,910 |
|
$ |
1,716 |
|
$ |
1,943 |
|
$ |
2,023 |
|
$ |
1,866 |
|
$ |
1,794 |
|
$ |
1,849 |
|
$ |
1,792 |
|
$ |
1,623 |
|
$ |
1,544 |
|
$ |
1,663 |
|
$ |
1,679 |
|
$ |
1,567 |
|
|
Ratio |
|
1.45 |
% |
1.30 |
% |
1.41 |
% |
1.41 |
% |
1.38 |
% |
1.31 |
% |
1.36 |
% |
1.29 |
% |
1.25 |
% |
1.17 |
% |
1.28 |
% |
1.23 |
% |
1.20 |
% | |||||||||||||
|
North America - Citi-Branded |
|
$ |
679 |
|
$ |
588 |
|
$ |
650 |
|
$ |
661 |
|
$ |
599 |
|
$ |
540 |
|
$ |
566 |
|
$ |
568 |
|
$ |
497 |
|
$ |
462 |
|
$ |
504 |
|
$ |
523 |
|
$ |
492 |
|
|
Ratio |
|
0.98 |
% |
0.85 |
% |
0.94 |
% |
0.94 |
% |
0.90 |
% |
0.80 |
% |
0.85 |
% |
0.84 |
% |
0.78 |
% |
0.72 |
% |
0.78 |
% |
0.78 |
% |
0.76 |
% | |||||||||||||
|
North America - Retail Services |
|
$ |
685 |
|
$ |
615 |
|
$ |
798 |
|
$ |
830 |
|
$ |
725 |
|
$ |
683 |
|
$ |
729 |
|
$ |
748 |
|
$ |
673 |
|
$ |
652 |
|
$ |
758 |
|
$ |
773 |
|
$ |
688 |
|
|
Ratio |
|
1.94 |
% |
1.71 |
% |
1.86 |
% |
1.79 |
% |
1.71 |
% |
1.58 |
% |
1.70 |
% |
1.61 |
% |
1.59 |
% |
1.51 |
% |
1.76 |
% |
1.68 |
% |
1.62 |
% | |||||||||||||
|
Latin America |
|
$ |
188 |
|
$ |
194 |
|
$ |
211 |
|
$ |
237 |
|
$ |
252 |
|
$ |
270 |
|
$ |
276 |
|
$ |
220 |
|
$ |
204 |
|
$ |
183 |
|
$ |
181 |
|
$ |
157 |
|
$ |
152 |
|
|
Ratio |
|
2.65 |
% |
2.77 |
% |
2.97 |
% |
3.20 |
% |
3.50 |
% |
3.65 |
% |
3.78 |
% |
3.28 |
% |
3.34 |
% |
3.10 |
% |
3.35 |
% |
2.91 |
% |
2.87 |
% | |||||||||||||
|
Asia (3) |
|
$ |
358 |
|
$ |
319 |
|
$ |
284 |
|
$ |
295 |
|
$ |
290 |
|
$ |
301 |
|
$ |
278 |
|
$ |
256 |
|
$ |
249 |
|
$ |
247 |
|
$ |
220 |
|
$ |
226 |
|
$ |
235 |
|
|
Ratio |
|
1.79 |
% |
1.64 |
% |
1.51 |
% |
1.53 |
% |
1.54 |
% |
1.54 |
% |
1.47 |
% |
1.38 |
% |
1.40 |
% |
1.36 |
% |
1.29 |
% |
1.28 |
% |
1.34 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate/Other - Consumer (2) (4) |
|
$ |
3,876 |
|
$ |
3,486 |
|
$ |
3,167 |
|
$ |
3,022 |
|
$ |
2,601 |
|
$ |
2,636 |
|
$ |
2,264 |
|
$ |
1,928 |
|
$ |
1,431 |
|
$ |
1,366 |
|
$ |
1,423 |
|
$ |
1,036 |
|
$ |
929 |
|
|
Ratio |
|
3.37 |
% |
3.32 |
% |
3.10 |
% |
3.06 |
% |
2.73 |
% |
2.83 |
% |
2.65 |
% |
2.37 |
% |
2.23 |
% |
2.24 |
% |
2.51 |
% |
2.23 |
% |
2.16 |
% | |||||||||||||
|
International |
|
$ |
755 |
|
$ |
590 |
|
$ |
507 |
|
$ |
498 |
|
$ |
498 |
|
$ |
462 |
|
$ |
286 |
|
$ |
265 |
|
$ |
234 |
|
$ |
213 |
|
$ |
193 |
|
$ |
179 |
|
$ |
161 |
|
|
Ratio |
|
3.03 |
% |
2.81 |
% |
2.39 |
% |
2.41 |
% |
2.48 |
% |
2.32 |
% |
1.86 |
% |
1.84 |
% |
2.29 |
% |
2.27 |
% |
2.22 |
% |
2.18 |
% |
2.52 |
% | |||||||||||||
|
North America (2) (4) |
|
$ |
3,121 |
|
$ |
2,896 |
|
$ |
2,660 |
|
$ |
2,524 |
|
$ |
2,103 |
|
$ |
2,174 |
|
$ |
1,978 |
|
$ |
1,663 |
|
$ |
1,197 |
|
$ |
1,153 |
|
$ |
1,230 |
|
$ |
857 |
|
$ |
768 |
|
|
Ratio |
|
3.46 |
% |
3.45 |
% |
3.30 |
% |
3.24 |
% |
2.79 |
% |
2.97 |
% |
2.83 |
% |
2.49 |
% |
2.21 |
% |
2.24 |
% |
2.56 |
% |
2.24 |
% |
2.09 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Citigroup (2) (4) |
|
$ |
6,789 |
|
$ |
6,108 |
|
$ |
6,051 |
|
$ |
5,938 |
|
$ |
5,306 |
|
$ |
5,313 |
|
$ |
4,953 |
|
$ |
4,514 |
|
$ |
3,845 |
|
$ |
3,656 |
|
$ |
3,850 |
|
$ |
3,454 |
|
$ |
3,289 |
|
|
Ratio |
|
1.78 |
% |
1.65 |
% |
1.62 |
% |
1.56 |
% |
1.43 |
% |
1.41 |
% |
1.35 |
% |
1.25 |
% |
1.15 |
% |
1.09 |
% |
1.18 |
% |
1.07 |
% |
1.05 |
% | |||||||||||||
|
|
|
Loans 30-89 Days Past Due (1) |
|
EOP Loans |
| ||||||||||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
4Q |
| ||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
GCB (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total |
|
$ |
2,318 |
|
$ |
2,553 |
|
$ |
2,540 |
|
$ |
2,516 |
|
$ |
2,498 |
|
$ |
2,763 |
|
$ |
2,762 |
|
$ |
310.8 |
|
|
Ratio |
|
0.82 |
% |
0.88 |
% |
0.87 |
% |
0.87 |
% |
0.84 |
% |
0.92 |
% |
0.89 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Retail Bank (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total |
|
$ |
735 |
|
$ |
722 |
|
$ |
726 |
|
$ |
777 |
|
$ |
747 |
|
$ |
805 |
|
$ |
822 |
|
$ |
145.9 |
|
|
Ratio |
|
0.52 |
% |
0.51 |
% |
0.54 |
% |
0.55 |
% |
0.52 |
% |
0.56 |
% |
0.57 |
% |
|
| ||||||||
|
North America (2) |
|
$ |
192 |
|
$ |
198 |
|
$ |
214 |
|
$ |
189 |
|
$ |
191 |
|
$ |
270 |
|
$ |
306 |
|
$ |
56.0 |
|
|
Ratio |
|
0.36 |
% |
0.37 |
% |
0.39 |
% |
0.35 |
% |
0.35 |
% |
0.49 |
% |
0.55 |
% |
|
| ||||||||
|
Latin America |
|
$ |
197 |
|
$ |
196 |
|
$ |
185 |
|
$ |
246 |
|
$ |
216 |
|
$ |
244 |
|
$ |
195 |
|
$ |
19.9 |
|
|
Ratio |
|
1.03 |
% |
1.05 |
% |
1.03 |
% |
1.25 |
% |
1.03 |
% |
1.16 |
% |
0.98 |
% |
|
| ||||||||
|
Asia (3) |
|
$ |
346 |
|
$ |
328 |
|
$ |
327 |
|
$ |
342 |
|
$ |
340 |
|
$ |
291 |
|
$ |
321 |
|
$ |
70.0 |
|
|
Ratio |
|
0.51 |
% |
0.48 |
% |
0.52 |
% |
0.52 |
% |
0.51 |
% |
0.43 |
% |
0.46 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total |
|
$ |
1,583 |
|
$ |
1,831 |
|
$ |
1,814 |
|
$ |
1,739 |
|
$ |
1,751 |
|
$ |
1,958 |
|
$ |
1,940 |
|
$ |
164.9 |
|
|
Ratio |
|
1.10 |
% |
1.24 |
% |
1.17 |
% |
1.16 |
% |
1.13 |
% |
1.25 |
% |
1.18 |
% |
|
| ||||||||
|
North America - Citi-Branded |
|
$ |
550 |
|
$ |
710 |
|
$ |
688 |
|
$ |
632 |
|
$ |
619 |
|
$ |
705 |
|
$ |
698 |
|
$ |
90.5 |
|
|
Ratio |
|
0.71 |
% |
0.87 |
% |
0.80 |
% |
0.77 |
% |
0.72 |
% |
0.82 |
% |
0.77 |
% |
|
| ||||||||
|
North America - Retail Services |
|
$ |
669 |
|
$ |
750 |
|
$ |
777 |
|
$ |
730 |
|
$ |
730 |
|
$ |
836 |
|
$ |
830 |
|
$ |
49.2 |
|
|
Ratio |
|
1.55 |
% |
1.71 |
% |
1.64 |
% |
1.65 |
% |
1.62 |
% |
1.82 |
% |
1.69 |
% |
|
| ||||||||
|
Latin America |
|
$ |
137 |
|
$ |
131 |
|
$ |
125 |
|
$ |
145 |
|
$ |
151 |
|
$ |
163 |
|
$ |
153 |
|
$ |
5.4 |
|
|
Ratio |
|
2.74 |
% |
2.67 |
% |
2.60 |
% |
2.79 |
% |
2.75 |
% |
2.91 |
% |
2.83 |
% |
|
| ||||||||
|
Asia (3) |
|
$ |
227 |
|
$ |
240 |
|
$ |
224 |
|
$ |
232 |
|
$ |
251 |
|
$ |
254 |
|
$ |
259 |
|
$ |
19.8 |
|
|
Ratio |
|
1.29 |
% |
1.36 |
% |
1.28 |
% |
1.27 |
% |
1.34 |
% |
1.35 |
% |
1.31 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Corporate/Other - Consumer (2) (4) |
|
$ |
858 |
|
$ |
849 |
|
$ |
735 |
|
$ |
615 |
|
$ |
554 |
|
$ |
643 |
|
$ |
542 |
|
$ |
22.9 |
|
|
Ratio |
|
2.18 |
% |
2.27 |
% |
2.31 |
% |
2.20 |
% |
2.18 |
% |
2.74 |
% |
2.50 |
% |
|
| ||||||||
|
International |
|
$ |
138 |
|
$ |
135 |
|
$ |
49 |
|
$ |
60 |
|
$ |
44 |
|
$ |
47 |
|
$ |
40 |
|
$ |
1.6 |
|
|
Ratio |
|
2.51 |
% |
2.45 |
% |
2.04 |
% |
2.86 |
% |
2.44 |
% |
2.76 |
% |
2.50 |
% |
|
| ||||||||
|
North America (2) (4) |
|
$ |
720 |
|
$ |
714 |
|
$ |
686 |
|
$ |
555 |
|
$ |
510 |
|
$ |
596 |
|
$ |
502 |
|
$ |
21.3 |
|
|
Ratio |
|
2.12 |
% |
2.24 |
% |
2.33 |
% |
2.15 |
% |
2.16 |
% |
2.73 |
% |
2.50 |
% |
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Total Citigroup (2) (4) |
|
$ |
3,176 |
|
$ |
3,402 |
|
$ |
3,275 |
|
$ |
3,131 |
|
$ |
3,052 |
|
$ |
3,406 |
|
$ |
3,304 |
|
$ |
333.7 |
|
|
Ratio |
|
0.98 |
% |
1.04 |
% |
1.01 |
% |
0.98 |
% |
0.94 |
% |
1.05 |
% |
1.00 |
% |
|
| ||||||||
(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/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 2 on page 18.
(3) Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.
(4) See footnote 3 on page 18.
Reclassified to conform to the current periods presentation.
|
ALLOWANCE FOR CREDIT LOSSES - PAGE 1 (In millions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
| ||||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
|
2016 |
| ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Citigroup |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Allowance for Loan Losses at Beginning of Period (1) |
|
$ |
25,455 |
|
$ |
23,727 |
|
$ |
21,580 |
|
$ |
20,605 |
|
$ |
19,648 |
|
$ |
18,923 |
|
|
$ |
17,890 |
|
$ |
16,915 |
|
$ |
15,994 |
|
$ |
14,598 |
|
$ |
14,075 |
|
$ |
13,626 |
|
$ |
12,626 |
|
$ |
12,712 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Gross Credit (Losses) |
|
(3,444 |
) |
(3,257 |
) |
(2,974 |
) |
(3,094 |
) |
(2,983 |
) |
(2,812 |
) |
|
(2,586 |
) |
(2,727 |
) |
(2,458 |
) |
(2,335 |
) |
(2,068 |
) |
(2,180 |
) |
(2,143 |
) |
(2,048 |
) | ||||||||||||||
|
Gross Recoveries |
|
566 |
|
649 |
|
544 |
|
547 |
|
544 |
|
623 |
|
|
489 |
|
479 |
|
501 |
|
415 |
|
405 |
|
418 |
|
419 |
|
432 |
| ||||||||||||||
|
Net Credit (Losses) / Recoveries (NCLs) |
|
(2,878 |
) |
(2,608 |
) |
(2,430 |
) |
(2,547 |
) |
(2,439 |
) |
(2,189 |
) |
|
(2,097 |
) |
(2,248 |
) |
(1,957 |
) |
(1,920 |
) |
(1,663 |
) |
(1,762 |
) |
(1,724 |
) |
(1,616 |
) | ||||||||||||||
|
NCLs |
|
2,878 |
|
2,608 |
|
2,430 |
|
2,547 |
|
2,439 |
|
2,189 |
|
|
2,097 |
|
2,248 |
|
1,957 |
|
1,920 |
|
1,663 |
|
1,762 |
|
1,724 |
|
1,616 |
| ||||||||||||||
|
Net Reserve Builds / (Releases) |
|
(306 |
) |
(642 |
) |
(767 |
) |
(246 |
) |
(560 |
) |
(521 |
) |
|
(492 |
) |
(306 |
) |
(91 |
) |
(199 |
) |
43 |
|
386 |
|
42 |
|
(90 |
) | ||||||||||||||
|
Net Specific Reserve Builds / (Releases) |
|
(358 |
) |
(139 |
) |
(11 |
) |
(390 |
) |
(86 |
) |
(89 |
) |
|
(30 |
) |
(61 |
) |
(111 |
) |
(206 |
) |
(124 |
) |
108 |
|
120 |
|
(136 |
) | ||||||||||||||
|
Provision for Loan Losses |
|
2,214 |
|
1,827 |
|
1,652 |
|
1,911 |
|
1,793 |
|
1,579 |
|
|
1,575 |
|
1,881 |
|
1,755 |
|
1,515 |
|
1,582 |
|
2,256 |
|
1,886 |
|
1,390 |
| ||||||||||||||
|
Other (2) (3) (4) (5) (6) (7) |
|
(1,064 |
) |
(1,366 |
) |
(197 |
) |
(321 |
) |
(79 |
) |
(423 |
) |
|
(453 |
) |
(554 |
) |
(1,194 |
) |
(118 |
) |
(368 |
) |
(1,494 |
) |
(76 |
) |
(182 |
) | ||||||||||||||
|
Allowance for Loan Losses at End of Period (1) (a) |
|
$ |
23,727 |
|
$ |
21,580 |
|
$ |
20,605 |
|
$ |
19,648 |
|
$ |
18,923 |
|
$ |
17,890 |
|
|
$ |
16,915 |
|
$ |
15,994 |
|
$ |
14,598 |
|
$ |
14,075 |
|
$ |
13,626 |
|
$ |
12,626 |
|
$ |
12,712 |
|
$ |
12,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Allowance for Unfunded Lending Commitments (8) (a) |
|
$ |
1,132 |
|
$ |
1,133 |
|
$ |
1,262 |
|
$ |
1,229 |
|
$ |
1,202 |
|
$ |
1,176 |
|
|
$ |
1,140 |
|
$ |
1,063 |
|
$ |
1,023 |
|
$ |
973 |
|
$ |
1,036 |
|
$ |
1,402 |
|
$ |
1,473 |
|
$ |
1,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Provision for Unfunded Lending Commitments |
|
$ |
14 |
|
$ |
(3 |
) |
$ |
103 |
|
$ |
(34 |
) |
$ |
(27 |
) |
$ |
(31 |
) |
|
$ |
(30 |
) |
$ |
(74 |
) |
$ |
(37 |
) |
$ |
(48 |
) |
$ |
65 |
|
$ |
94 |
|
$ |
71 |
|
$ |
(30 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)] |
|
$ |
24,859 |
|
$ |
22,713 |
|
$ |
21,867 |
|
$ |
20,877 |
|
$ |
20,125 |
|
$ |
19,066 |
|
|
$ |
18,055 |
|
$ |
17,057 |
|
$ |
15,621 |
|
$ |
15,048 |
|
$ |
14,662 |
|
$ |
14,028 |
|
$ |
14,185 |
|
$ |
13,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10) |
|
3.70 |
% |
3.38 |
% |
3.16 |
% |
2.97 |
% |
2.87 |
% |
2.70 |
% |
|
2.60 |
% |
2.50 |
% |
2.38 |
% |
2.25 |
% |
2.21 |
% |
2.06 |
% |
2.07 |
% |
1.96 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Allowance for Loan Losses at Beginning of Period (1) |
|
$ |
22,585 |
|
$ |
20,869 |
|
$ |
18,789 |
|
$ |
17,823 |
|
$ |
16,974 |
|
$ |
16,377 |
|
|
$ |
15,445 |
|
$ |
14,519 |
|
$ |
13,547 |
|
$ |
12,052 |
|
$ |
11,669 |
|
$ |
11,030 |
|
$ |
9,835 |
|
$ |
9,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Net Credit Losses (NCLs) |
|
(2,828 |
) |
(2,558 |
) |
(2,330 |
) |
(2,531 |
) |
(2,294 |
) |
(2,177 |
) |
|
(2,108 |
) |
(2,100 |
) |
(1,965 |
) |
(1,813 |
) |
(1,612 |
) |
(1,668 |
) |
(1,514 |
) |
(1,475 |
) | ||||||||||||||
|
NCLs |
|
2,828 |
|
2,558 |
|
2,330 |
|
2,531 |
|
2,294 |
|
2,177 |
|
|
2,108 |
|
2,100 |
|
1,965 |
|
1,813 |
|
1,612 |
|
1,668 |
|
1,514 |
|
1,475 |
| ||||||||||||||
|
Net Reserve Builds / (Releases) |
|
(272 |
) |
(542 |
) |
(786 |
) |
(159 |
) |
(460 |
) |
(495 |
) |
|
(378 |
) |
(401 |
) |
(203 |
) |
(167 |
) |
(73 |
) |
32 |
|
38 |
|
(74 |
) | ||||||||||||||
|
Net Specific Reserve Builds / (Releases) |
|
(400 |
) |
(169 |
) |
34 |
|
(362 |
) |
(76 |
) |
(14 |
) |
|
(117 |
) |
(39 |
) |
(114 |
) |
(87 |
) |
(202 |
) |
(16 |
) |
19 |
|
(125 |
) | ||||||||||||||
|
Provision for Loan Losses |
|
2,156 |
|
1,847 |
|
1,578 |
|
2,010 |
|
1,758 |
|
1,668 |
|
|
1,613 |
|
1,660 |
|
1,648 |
|
1,559 |
|
1,337 |
|
1,684 |
|
1,571 |
|
1,276 |
| ||||||||||||||
|
Other (2) (3) (4) (5) (6) (7) |
|
(1,044 |
) |
(1,369 |
) |
(214 |
) |
(328 |
) |
(61 |
) |
(423 |
) |
|
(431 |
) |
(532 |
) |
(1,178 |
) |
(129 |
) |
(364 |
) |
(1,211 |
) |
(85 |
) |
(176 |
) | ||||||||||||||
|
Allowance for Loan Losses at End of Period (1) (b) |
|
$ |
20,869 |
|
$ |
18,789 |
|
$ |
17,823 |
|
$ |
16,974 |
|
$ |
16,377 |
|
$ |
15,445 |
|
|
$ |
14,519 |
|
$ |
13,547 |
|
$ |
12,052 |
|
$ |
11,669 |
|
$ |
11,030 |
|
$ |
9,835 |
|
$ |
9,807 |
|
$ |
9,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Consumer Allowance for Unfunded Lending Commitments (8) (b) |
|
$ |
12 |
|
$ |
23 |
|
$ |
63 |
|
$ |
61 |
|
$ |
58 |
|
$ |
59 |
|
|
$ |
51 |
|
$ |
33 |
|
$ |
30 |
|
$ |
29 |
|
$ |
28 |
|
$ |
35 |
|
$ |
37 |
|
$ |
42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Provision for Unfunded Lending Commitments |
|
$ |
12 |
|
$ |
11 |
|
$ |
40 |
|
$ |
(2 |
) |
$ |
(3 |
) |
$ |
1 |
|
|
$ |
(8 |
) |
$ |
(18 |
) |
$ |
(3 |
) |
$ |
(1 |
) |
$ |
(1 |
) |
$ |
7 |
|
$ |
1 |
|
$ |
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)] |
|
$ |
20,881 |
|
$ |
18,812 |
|
$ |
17,886 |
|
$ |
17,035 |
|
$ |
16,435 |
|
$ |
15,504 |
|
|
$ |
14,570 |
|
$ |
13,580 |
|
$ |
12,082 |
|
$ |
11,698 |
|
$ |
11,058 |
|
$ |
9,870 |
|
$ |
9,844 |
|
$ |
9,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9) |
|
5.34 |
% |
4.97 |
% |
4.65 |
% |
4.36 |
% |
4.31 |
% |
4.06 |
% |
|
3.90 |
% |
3.71 |
% |
3.57 |
% |
3.45 |
% |
3.35 |
% |
3.02 |
% |
3.09 |
% |
2.89 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Allowance for Loan Losses at Beginning of Period (1) |
|
$ |
2,870 |
|
$ |
2,858 |
|
$ |
2,791 |
|
$ |
2,782 |
|
$ |
2,674 |
|
$ |
2,546 |
|
|
$ |
2,445 |
|
$ |
2,396 |
|
$ |
2,447 |
|
$ |
2,546 |
|
$ |
2,406 |
|
$ |
2,596 |
|
$ |
2,791 |
|
$ |
2,905 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Net Credit (Losses) / Recoveries (NCLs) |
|
(50 |
) |
(50 |
) |
(100 |
) |
(16 |
) |
(145 |
) |
(12 |
) |
|
11 |
|
(148 |
) |
8 |
|
(107 |
) |
(51 |
) |
(94 |
) |
(210 |
) |
(141 |
) | ||||||||||||||
|
NCLs |
|
50 |
|
50 |
|
100 |
|
16 |
|
145 |
|
12 |
|
|
(11 |
) |
148 |
|
(8 |
) |
107 |
|
51 |
|
94 |
|
210 |
|
141 |
| ||||||||||||||
|
Net Reserve Builds / (Releases) |
|
(34 |
) |
(100 |
) |
19 |
|
(87 |
) |
(100 |
) |
(26 |
) |
|
(114 |
) |
95 |
|
112 |
|
(32 |
) |
116 |
|
354 |
|
4 |
|
(16 |
) | ||||||||||||||
|
Net Specific Reserve Builds / (Releases) |
|
42 |
|
30 |
|
(45 |
) |
(28 |
) |
(10 |
) |
(75 |
) |
|
87 |
|
(22 |
) |
3 |
|
(119 |
) |
78 |
|
124 |
|
101 |
|
(11 |
) | ||||||||||||||
|
Provision for Loan Losses |
|
58 |
|
(20 |
) |
74 |
|
(99 |
) |
35 |
|
(89 |
) |
|
(38 |
) |
221 |
|
107 |
|
(44 |
) |
245 |
|
572 |
|
315 |
|
114 |
| ||||||||||||||
|
Other (2) |
|
(20 |
) |
3 |
|
17 |
|
7 |
|
(18 |
) |
|
|
|
(22 |
) |
(22 |
) |
(16 |
) |
11 |
|
(4 |
) |
(283 |
) |
9 |
|
(6 |
) | ||||||||||||||
|
Allowance for Loan Losses at End of Period (1) (c) |
|
$ |
2,858 |
|
$ |
2,791 |
|
$ |
2,782 |
|
$ |
2,674 |
|
$ |
2,546 |
|
$ |
2,445 |
|
|
$ |
2,396 |
|
$ |
2,447 |
|
$ |
2,546 |
|
$ |
2,406 |
|
$ |
2,596 |
|
$ |
2,791 |
|
$ |
2,905 |
|
$ |
2,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Corporate Allowance for Unfunded Lending Commitments (8) (c) |
|
$ |
1,120 |
|
$ |
1,110 |
|
$ |
1,199 |
|
$ |
1,168 |
|
$ |
1,144 |
|
$ |
1,117 |
|
|
$ |
1,089 |
|
$ |
1,030 |
|
$ |
993 |
|
$ |
944 |
|
$ |
1,008 |
|
$ |
1,367 |
|
$ |
1,436 |
|
$ |
1,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Provision for Unfunded Lending Commitments |
|
$ |
2 |
|
$ |
(14 |
) |
$ |
63 |
|
$ |
(32 |
) |
$ |
(24 |
) |
$ |
(32 |
) |
|
$ |
(22 |
) |
$ |
(56 |
) |
$ |
(34 |
) |
$ |
(47 |
) |
$ |
66 |
|
$ |
87 |
|
$ |
70 |
|
$ |
(34 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)] |
|
$ |
3,978 |
|
$ |
3,901 |
|
$ |
3,981 |
|
$ |
3,842 |
|
$ |
3,690 |
|
$ |
3,562 |
|
|
$ |
3,485 |
|
$ |
3,477 |
|
$ |
3,539 |
|
$ |
3,350 |
|
$ |
3,604 |
|
$ |
4,158 |
|
$ |
4,341 |
|
$ |
4,262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||
|
Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10) |
|
1.14 |
% |
1.07 |
% |
1.03 |
% |
0.99 |
% |
0.91 |
% |
0.87 |
% |
|
0.86 |
% |
0.90 |
% |
0.92 |
% |
0.84 |
% |
0.90 |
% |
0.97 |
% |
0.98 |
% |
0.95 |
% | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| |||||||||||
|
|
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| |||||||||||
|
|
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Total Citigroup |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Allowance for Loan Losses at Beginning of Period (1) |
|
$ |
12,304 |
|
$ |
12,439 |
|
$ |
12,060 |
|
$ |
12,030 |
|
$ |
12,025 |
|
$ |
12,366 |
|
|
$ |
25,455 |
|
$ |
19,648 |
|
$ |
15,994 |
|
$ |
12,626 |
|
$ |
12,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Gross Credit (Losses) |
|
(1,948 |
) |
(2,083 |
) |
(2,144 |
) |
(2,130 |
) |
(2,120 |
) |
(2,279 |
) |
|
(12,769 |
) |
(11,108 |
) |
(9,041 |
) |
(8,222 |
) |
(8,673 |
) | |||||||||||
|
Gross Recoveries |
|
423 |
|
387 |
|
435 |
|
420 |
|
343 |
|
399 |
|
|
2,306 |
|
2,135 |
|
1,739 |
|
1,661 |
|
1,597 |
| |||||||||||
|
Net Credit (Losses) / Recoveries (NCLs) |
|
(1,525 |
) |
(1,696 |
) |
(1,709 |
) |
(1,710 |
) |
(1,777 |
) |
(1,880 |
) |
|
(10,463 |
) |
(8,973 |
) |
(7,302 |
) |
(6,561 |
) |
(7,076 |
) | |||||||||||
|
NCLs |
|
1,525 |
|
1,696 |
|
1,709 |
|
1,710 |
|
1,777 |
|
1,880 |
|
|
10,463 |
|
8,973 |
|
7,302 |
|
6,561 |
|
7,076 |
| |||||||||||
|
Net Reserve Builds / (Releases) |
|
258 |
|
130 |
|
(20 |
) |
67 |
|
419 |
|
78 |
|
|
(1,961 |
) |
(1,879 |
) |
139 |
|
340 |
|
544 |
| |||||||||||
|
Net Specific Reserve Builds / (Releases) |
|
(37 |
) |
(99 |
) |
(14 |
) |
(111 |
) |
(50 |
) |
58 |
|
|
(898 |
) |
(266 |
) |
(333 |
) |
(152 |
) |
(117 |
) | |||||||||||
|
Provision for Loan Losses |
|
1,746 |
|
1,727 |
|
1,675 |
|
1,666 |
|
2,146 |
|
2,016 |
|
|
7,604 |
|
6,828 |
|
7,108 |
|
6,749 |
|
7,503 |
| |||||||||||
|
Other (2) (3) (4) (5) (6) (7) |
|
(86 |
) |
(410 |
) |
4 |
|
39 |
|
(28 |
) |
(147 |
) |
|
(2,948 |
) |
(1,509 |
) |
(3,174 |
) |
(754 |
) |
(132 |
) | |||||||||||
|
Allowance for Loan Losses at End of Period (1) (a) |
|
$ |
12,439 |
|
$ |
12,060 |
|
$ |
12,030 |
|
$ |
12,025 |
|
$ |
12,366 |
|
$ |
12,355 |
|
|
$ |
19,648 |
|
$ |
15,994 |
|
$ |
12,626 |
|
$ |
12,060 |
|
$ |
12,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Allowance for Unfunded Lending Commitments (8) (a) |
|
$ |
1,388 |
|
$ |
1,418 |
|
$ |
1,377 |
|
$ |
1,406 |
|
$ |
1,232 |
|
$ |
1,258 |
|
|
$ |
1,229 |
|
$ |
1,063 |
|
$ |
1,402 |
|
$ |
1,418 |
|
$ |
1,258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Provision for Unfunded Lending Commitments |
|
$ |
(45 |
) |
$ |
33 |
|
$ |
(43 |
) |
$ |
28 |
|
$ |
(175 |
) |
$ |
29 |
|
|
$ |
80 |
|
$ |
(162 |
) |
$ |
74 |
|
$ |
29 |
|
$ |
(161 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)] |
|
$ |
13,827 |
|
$ |
13,478 |
|
$ |
13,407 |
|
$ |
13,431 |
|
$ |
13,598 |
|
$ |
13,613 |
|
|
$ |
20,877 |
|
$ |
17,057 |
|
$ |
14,028 |
|
$ |
13,478 |
|
$ |
13,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10) |
|
1.97 |
% |
1.94 |
% |
1.93 |
% |
1.88 |
% |
1.91 |
% |
1.87 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Allowance for Loan Losses at Beginning of Period (1) |
|
$ |
9,432 |
|
$ |
9,673 |
|
$ |
9,358 |
|
$ |
9,495 |
|
$ |
9,515 |
|
$ |
9,892 |
|
|
$ |
22,585 |
|
$ |
16,974 |
|
$ |
13,547 |
|
$ |
9,835 |
|
$ |
9,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Net Credit Losses (NCLs) |
|
(1,483 |
) |
(1,576 |
) |
(1,672 |
) |
(1,633 |
) |
(1,734 |
) |
(1,658 |
) |
|
(10,247 |
) |
(8,679 |
) |
(7,058 |
) |
(6,048 |
) |
(6,697 |
) | |||||||||||
|
NCLs |
|
1,483 |
|
1,576 |
|
1,672 |
|
1,633 |
|
1,734 |
|
1,658 |
|
|
10,247 |
|
8,679 |
|
7,058 |
|
6,048 |
|
6,697 |
| |||||||||||
|
Net Reserve Builds / (Releases) |
|
368 |
|
93 |
|
146 |
|
71 |
|
479 |
|
115 |
|
|
(1,759 |
) |
(1,734 |
) |
(411 |
) |
425 |
|
811 |
| |||||||||||
|
Net Specific Reserve Builds / (Releases) |
|
(36 |
) |
(10 |
) |
(2 |
) |
(84 |
) |
(71 |
) |
12 |
|
|
(897 |
) |
(246 |
) |
(419 |
) |
(152 |
) |
(145 |
) | |||||||||||
|
Provision for Loan Losses |
|
1,815 |
|
1,659 |
|
1,816 |
|
1,620 |
|
2,142 |
|
1,785 |
|
|
7,591 |
|
6,699 |
|
6,228 |
|
6,321 |
|
7,363 |
| |||||||||||
|
Other (2) (3) (4) (5) (6) (7) |
|
(91 |
) |
(398 |
) |
(7 |
) |
33 |
|
(31 |
) |
(150 |
) |
|
(2,955 |
) |
(1,447 |
) |
(2,882 |
) |
(750 |
) |
(155 |
) | |||||||||||
|
Allowance for Loan Losses at End of Period (1) (b) |
|
$ |
9,673 |
|
$ |
9,358 |
|
$ |
9,495 |
|
$ |
9,515 |
|
$ |
9,892 |
|
$ |
9,869 |
|
|
$ |
16,974 |
|
$ |
13,547 |
|
$ |
9,835 |
|
$ |
9,358 |
|
$ |
9,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Consumer Allowance for Unfunded Lending Commitments (8) (b) |
|
$ |
39 |
|
$ |
35 |
|
$ |
41 |
|
$ |
40 |
|
$ |
35 |
|
$ |
33 |
|
|
$ |
61 |
|
$ |
33 |
|
$ |
35 |
|
$ |
35 |
|
$ |
33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Provision for Unfunded Lending Commitments |
|
$ |
(4 |
) |
$ |
(3 |
) |
$ |
6 |
|
$ |
(1 |
) |
$ |
(5 |
) |
$ |
(2 |
) |
|
$ |
61 |
|
$ |
(28 |
) |
$ |
2 |
|
$ |
(2 |
) |
$ |
(2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)] |
|
$ |
9,712 |
|
$ |
9,393 |
|
$ |
9,536 |
|
$ |
9,555 |
|
$ |
9,927 |
|
$ |
9,902 |
|
|
$ |
17,035 |
|
$ |
13,580 |
|
$ |
9,870 |
|
$ |
9,393 |
|
$ |
9,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9) |
|
2.95 |
% |
2.88 |
% |
2.96 |
% |
2.93 |
% |
3.04 |
% |
2.96 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Allowance for Loan Losses at Beginning of Period (1) |
|
$ |
2,872 |
|
$ |
2,766 |
|
$ |
2,702 |
|
$ |
2,535 |
|
$ |
2,510 |
|
$ |
2,474 |
|
|
$ |
2,870 |
|
$ |
2,674 |
|
$ |
2,447 |
|
$ |
2,791 |
|
$ |
2,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Net Credit (Losses) / Recoveries (NCLs) |
|
(42 |
) |
(120 |
) |
(37 |
) |
(77 |
) |
(43 |
) |
(222 |
) |
|
(216 |
) |
(294 |
) |
(244 |
) |
(513 |
) |
(379 |
) | |||||||||||
|
NCLs |
|
42 |
|
120 |
|
37 |
|
77 |
|
43 |
|
222 |
|
|
216 |
|
294 |
|
244 |
|
513 |
|
379 |
| |||||||||||
|
Net Reserve Builds / (Releases) |
|
(110 |
) |
37 |
|
(166 |
) |
(4 |
) |
(60 |
) |
(37 |
) |
|
(202 |
) |
(145 |
) |
550 |
|
(85 |
) |
(267 |
) | |||||||||||
|
Net Specific Reserve Builds / (Releases) |
|
(1 |
) |
(89 |
) |
(12 |
) |
(27 |
) |
21 |
|
46 |
|
|
(1 |
) |
(20 |
) |
86 |
|
|
|
28 |
| |||||||||||
|
Provision for Loan Losses |
|
(69 |
) |
68 |
|
(141 |
) |
46 |
|
4 |
|
231 |
|
|
13 |
|
129 |
|
880 |
|
428 |
|
140 |
| |||||||||||
|
Other (2) |
|
5 |
|
(12 |
) |
11 |
|
6 |
|
3 |
|
3 |
|
|
7 |
|
(62 |
) |
(292 |
) |
(4 |
) |
23 |
| |||||||||||
|
Allowance for Loan Losses at End of Period (1) (c) |
|
$ |
2,766 |
|
$ |
2,702 |
|
$ |
2,535 |
|
$ |
2,510 |
|
$ |
2,474 |
|
$ |
2,486 |
|
|
$ |
2,674 |
|
$ |
2,447 |
|
$ |
2,791 |
|
$ |
2,702 |
|
$ |
2,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Corporate Allowance for Unfunded Lending Commitments (8) (c) |
|
$ |
1,349 |
|
$ |
1,383 |
|
$ |
1,336 |
|
$ |
1,366 |
|
$ |
1,197 |
|
$ |
1,225 |
|
|
$ |
1,168 |
|
$ |
1,030 |
|
$ |
1,367 |
|
$ |
1,383 |
|
$ |
1,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Provision for Unfunded Lending Commitments |
|
$ |
(41 |
) |
$ |
36 |
|
$ |
(49 |
) |
$ |
29 |
|
$ |
(170 |
) |
$ |
31 |
|
|
$ |
19 |
|
$ |
(134 |
) |
$ |
72 |
|
$ |
31 |
|
$ |
(159 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)] |
|
$ |
4,115 |
|
$ |
4,085 |
|
$ |
3,871 |
|
$ |
3,876 |
|
$ |
3,671 |
|
$ |
3,711 |
|
|
$ |
3,842 |
|
$ |
3,477 |
|
$ |
4,158 |
|
$ |
4,085 |
|
$ |
3,711 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10) |
|
0.90 |
% |
0.91 |
% |
0.83 |
% |
0.80 |
% |
0.77 |
% |
0.76 |
% |
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Footnotes to these tables are on the following page (page 25).
|
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 managements 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 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.
(4) 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.
(5) The second quarter of 2017 includes a reduction of approximately $19 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $19 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes an increase of approximately $50 million related to FX translation.
(6) The third quarter of 2017 includes a reduction of approximately $34 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $28 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes an increase of approximately $7 million related to FX translation.
(7) The fourth quarter of 2017 includes a reduction of approximately $47 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $22 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a decrease of approximately $106 million related to FX translation.
(8) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.
(9) December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 exclude $29 million, $28 million, $27 million, $27 million and $25 million, respectively, of consumer loans which are carried at fair value.
(10) December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 exclude $3.5 billion, $4.0 billion, $4.2 billion, $4.3 billion and $4.9 billion, respectively, of corporate loans which are carried at fair value.
Reclassified to conform to the current periods presentation.
|
COMPONENTS OF PROVISION FOR LOAN LOSSES (In millions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
$ |
1,749 |
|
$ |
1,660 |
|
$ |
1,570 |
|
$ |
1,623 |
|
$ |
1,644 |
|
$ |
1,651 |
|
$ |
1,596 |
|
$ |
1,625 |
|
$ |
1,490 |
|
$ |
1,504 |
|
$ |
1,353 |
|
$ |
1,405 |
|
$ |
1,371 |
|
|
Credit Reserve Build / (Release) |
|
(352 |
) |
(244 |
) |
(87 |
) |
(13 |
) |
(219 |
) |
(304 |
) |
(351 |
) |
(249 |
) |
(150 |
) |
(98 |
) |
(102 |
) |
(45 |
) |
85 |
| |||||||||||||
|
North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
1,257 |
|
1,189 |
|
1,084 |
|
1,108 |
|
1,102 |
|
1,073 |
|
1,018 |
|
1,013 |
|
961 |
|
999 |
|
877 |
|
914 |
|
933 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(371 |
) |
(351 |
) |
(228 |
) |
(88 |
) |
(270 |
) |
(398 |
) |
(340 |
) |
(233 |
) |
(100 |
) |
(109 |
) |
(60 |
) |
(70 |
) |
79 |
| |||||||||||||
|
Retail Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
57 |
|
43 |
|
39 |
|
49 |
|
34 |
|
38 |
|
35 |
|
36 |
|
36 |
|
39 |
|
33 |
|
42 |
|
25 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(10 |
) |
(2 |
) |
9 |
|
(21 |
) |
(3 |
) |
(29 |
) |
(10 |
) |
28 |
|
18 |
|
(6 |
) |
33 |
|
6 |
|
63 |
| |||||||||||||
|
Citi-Branded Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
692 |
|
665 |
|
610 |
|
588 |
|
587 |
|
570 |
|
526 |
|
514 |
|
492 |
|
503 |
|
443 |
|
454 |
|
455 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(128 |
) |
(176 |
) |
(156 |
) |
(76 |
) |
(188 |
) |
(223 |
) |
(212 |
) |
(220 |
) |
(119 |
) |
(74 |
) |
(105 |
) |
(85 |
) |
(15 |
) | |||||||||||||
|
Citi Retail Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
508 |
|
481 |
|
435 |
|
471 |
|
481 |
|
465 |
|
457 |
|
463 |
|
433 |
|
457 |
|
401 |
|
418 |
|
453 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(233 |
) |
(173 |
) |
(81 |
) |
9 |
|
(79 |
) |
(146 |
) |
(118 |
) |
(41 |
) |
1 |
|
(29 |
) |
12 |
|
9 |
|
31 |
| |||||||||||||
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
289 |
|
299 |
|
295 |
|
319 |
|
346 |
|
366 |
|
380 |
|
423 |
|
356 |
|
316 |
|
301 |
|
307 |
|
278 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
19 |
|
86 |
|
161 |
|
54 |
|
45 |
|
106 |
|
9 |
|
(32 |
) |
(8 |
) |
19 |
|
19 |
|
3 |
|
17 |
| |||||||||||||
|
Retail Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
137 |
|
144 |
|
140 |
|
151 |
|
155 |
|
160 |
|
164 |
|
220 |
|
150 |
|
142 |
|
138 |
|
159 |
|
134 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(3 |
) |
74 |
|
117 |
|
26 |
|
10 |
|
17 |
|
9 |
|
(36 |
) |
|
|
17 |
|
13 |
|
12 |
|
16 |
| |||||||||||||
|
Citi-Branded Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
152 |
|
155 |
|
155 |
|
168 |
|
191 |
|
206 |
|
216 |
|
203 |
|
206 |
|
174 |
|
163 |
|
148 |
|
144 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
22 |
|
12 |
|
44 |
|
28 |
|
35 |
|
89 |
|
|
|
4 |
|
(8 |
) |
2 |
|
6 |
|
(9 |
) |
1 |
| |||||||||||||
|
Asia (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
203 |
|
172 |
|
191 |
|
196 |
|
196 |
|
212 |
|
198 |
|
189 |
|
173 |
|
189 |
|
175 |
|
184 |
|
160 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
|
|
21 |
|
(20 |
) |
21 |
|
6 |
|
(12 |
) |
(20 |
) |
16 |
|
(42 |
) |
(8 |
) |
(61 |
) |
22 |
|
(11 |
) | |||||||||||||
|
Retail Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
57 |
|
55 |
|
70 |
|
79 |
|
82 |
|
83 |
|
77 |
|
76 |
|
70 |
|
80 |
|
75 |
|
94 |
|
62 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(2 |
) |
40 |
|
(4 |
) |
15 |
|
11 |
|
(6 |
) |
(11 |
) |
1 |
|
(21 |
) |
(3 |
) |
(34 |
) |
26 |
|
3 |
| |||||||||||||
|
Citi-Branded Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
146 |
|
117 |
|
121 |
|
117 |
|
114 |
|
129 |
|
121 |
|
113 |
|
103 |
|
109 |
|
100 |
|
90 |
|
98 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
2 |
|
(19 |
) |
(16 |
) |
6 |
|
(5 |
) |
(6 |
) |
(9 |
) |
15 |
|
(21 |
) |
(5 |
) |
(27 |
) |
(4 |
) |
(14 |
) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Institutional Clients Group (ICG) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
41 |
|
56 |
|
69 |
|
28 |
|
132 |
|
9 |
|
16 |
|
118 |
|
(1 |
) |
82 |
|
37 |
|
96 |
|
211 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
20 |
|
(66 |
) |
(18 |
) |
(97 |
) |
(86 |
) |
(96 |
) |
(23 |
) |
103 |
|
119 |
|
(123 |
) |
193 |
|
465 |
|
108 |
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate / Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Net Credit Losses |
|
1,088 |
|
892 |
|
791 |
|
896 |
|
663 |
|
529 |
|
485 |
|
505 |
|
468 |
|
334 |
|
273 |
|
261 |
|
142 |
| |||||||||||||
|
Credit Reserve Build / (Release) |
|
(332 |
) |
(471 |
) |
(673 |
) |
(526 |
) |
(341 |
) |
(210 |
) |
(148 |
) |
(221 |
) |
(171 |
) |
(184 |
) |
(172 |
) |
74 |
|
(31 |
) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Total Provision for Loan Losses |
|
$ |
2,214 |
|
$ |
1,827 |
|
$ |
1,652 |
|
$ |
1,911 |
|
$ |
1,793 |
|
$ |
1,579 |
|
$ |
1,575 |
|
$ |
1,881 |
|
$ |
1,755 |
|
$ |
1,515 |
|
$ |
1,582 |
|
$ |
2,256 |
|
$ |
1,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full |
|
Full |
|
Full |
|
Full |
|
Full |
| ||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
|
Year |
|
Year |
|
Year |
|
Year |
|
Year |
| ||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Global Consumer Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
$ |
1,374 |
|
$ |
1,349 |
|
$ |
1,516 |
|
$ |
1,603 |
|
$ |
1,615 |
|
$ |
1,704 |
|
$ |
1,640 |
|
|
$ |
6,602 |
|
$ |
6,516 |
|
$ |
5,752 |
|
$ |
5,610 |
|
$ |
6,562 |
|
|
Credit Reserve Build / (Release) |
|
23 |
|
436 |
|
164 |
|
177 |
|
125 |
|
486 |
|
177 |
|
|
(696 |
) |
(1,123 |
) |
(395 |
) |
708 |
|
965 |
| ||||||||||||
|
North America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
954 |
|
927 |
|
1,105 |
|
1,190 |
|
1,181 |
|
1,239 |
|
1,186 |
|
|
4,638 |
|
4,206 |
|
3,751 |
|
3,919 |
|
4,796 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
49 |
|
408 |
|
117 |
|
152 |
|
101 |
|
463 |
|
153 |
|
|
(1,038 |
) |
(1,241 |
) |
(339 |
) |
653 |
|
869 |
| ||||||||||||
|
Retail Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
45 |
|
52 |
|
83 |
|
37 |
|
39 |
|
88 |
|
30 |
|
|
188 |
|
143 |
|
150 |
|
205 |
|
194 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(12 |
) |
(40 |
) |
(22 |
) |
7 |
|
(7 |
) |
(47 |
) |
3 |
|
|
(24 |
) |
(14 |
) |
51 |
|
(11 |
) |
(44 |
) | ||||||||||||
|
Citi-Branded Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
467 |
|
448 |
|
539 |
|
633 |
|
611 |
|
611 |
|
592 |
|
|
2,555 |
|
2,197 |
|
1,892 |
|
1,909 |
|
2,447 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
58 |
|
263 |
|
78 |
|
92 |
|
26 |
|
192 |
|
87 |
|
|
(536 |
) |
(843 |
) |
(383 |
) |
384 |
|
397 |
| ||||||||||||
|
Citi Retail Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
442 |
|
427 |
|
483 |
|
520 |
|
531 |
|
540 |
|
564 |
|
|
1,895 |
|
1,866 |
|
1,709 |
|
1,805 |
|
2,155 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
3 |
|
185 |
|
61 |
|
53 |
|
82 |
|
318 |
|
63 |
|
|
(478 |
) |
(384 |
) |
(7 |
) |
280 |
|
516 |
| ||||||||||||
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
260 |
|
254 |
|
248 |
|
253 |
|
277 |
|
295 |
|
292 |
|
|
1,202 |
|
1,515 |
|
1,280 |
|
1,040 |
|
1,117 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(2 |
) |
32 |
|
36 |
|
12 |
|
50 |
|
44 |
|
19 |
|
|
320 |
|
128 |
|
33 |
|
83 |
|
125 |
| ||||||||||||
|
Retail Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
137 |
|
132 |
|
138 |
|
137 |
|
151 |
|
143 |
|
153 |
|
|
572 |
|
699 |
|
589 |
|
541 |
|
584 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(3 |
) |
47 |
|
31 |
|
14 |
|
27 |
|
13 |
|
(5 |
) |
|
214 |
|
|
|
42 |
|
91 |
|
49 |
| ||||||||||||
|
Citi-Branded Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
123 |
|
122 |
|
110 |
|
116 |
|
126 |
|
152 |
|
139 |
|
|
630 |
|
816 |
|
691 |
|
499 |
|
533 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
1 |
|
(15 |
) |
5 |
|
(2 |
) |
23 |
|
31 |
|
24 |
|
|
106 |
|
128 |
|
(9 |
) |
(8 |
) |
76 |
| ||||||||||||
|
Asia (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
160 |
|
168 |
|
163 |
|
160 |
|
157 |
|
170 |
|
162 |
|
|
762 |
|
795 |
|
721 |
|
651 |
|
649 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(24 |
) |
(4 |
) |
11 |
|
13 |
|
(26 |
) |
(21 |
) |
5 |
|
|
22 |
|
(10 |
) |
(89 |
) |
(28 |
) |
(29 |
) | ||||||||||||
|
Retail Banking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
61 |
|
73 |
|
65 |
|
62 |
|
54 |
|
69 |
|
60 |
|
|
261 |
|
318 |
|
319 |
|
261 |
|
245 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(21 |
) |
|
|
12 |
|
(6 |
) |
(9 |
) |
(23 |
) |
6 |
|
|
49 |
|
(5 |
) |
(32 |
) |
(6 |
) |
(32 |
) | ||||||||||||
|
Citi-Branded Cards |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
99 |
|
95 |
|
98 |
|
98 |
|
103 |
|
101 |
|
102 |
|
|
501 |
|
477 |
|
402 |
|
390 |
|
404 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(3 |
) |
(4 |
) |
(1 |
) |
19 |
|
(17 |
) |
2 |
|
(1 |
) |
|
(27 |
) |
(5 |
) |
(57 |
) |
(22 |
) |
3 |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Institutional Clients Group (ICG) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
141 |
|
45 |
|
119 |
|
25 |
|
71 |
|
44 |
|
225 |
|
|
194 |
|
275 |
|
214 |
|
516 |
|
365 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(26 |
) |
(93 |
) |
(53 |
) |
(176 |
) |
(15 |
) |
(38 |
) |
8 |
|
|
(161 |
) |
(102 |
) |
654 |
|
(64 |
) |
(221 |
) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Corporate / Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net Credit Losses |
|
101 |
|
131 |
|
61 |
|
81 |
|
24 |
|
29 |
|
15 |
|
|
3,667 |
|
2,182 |
|
1,336 |
|
435 |
|
149 |
| ||||||||||||
|
Credit Reserve Build / (Release) |
|
(223 |
) |
(122 |
) |
(80 |
) |
(35 |
) |
(154 |
) |
(79 |
) |
(49 |
) |
|
(2,002 |
) |
(920 |
) |
(453 |
) |
(456 |
) |
(317 |
) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Total Provision for Loan Losses |
|
$ |
1,390 |
|
$ |
1,746 |
|
$ |
1,727 |
|
$ |
1,675 |
|
$ |
1,666 |
|
$ |
2,146 |
|
$ |
2,016 |
|
|
$ |
7,604 |
|
$ |
6,828 |
|
$ |
7,108 |
|
$ |
6,749 |
|
$ |
7,503 |
|
(1) Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries for all periods presented.
Reclassified to conform to the current periods presentation.
|
NON-ACCRUAL ASSETS
(In millions of dollars) |
|
|
|
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
|
1Q |
| |||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
|
2016 |
| |||||||||||||
|
Non-Accrual Loans (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate Non-Accrual Loans By Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
1,062 |
|
$ |
812 |
|
$ |
807 |
|
$ |
735 |
|
$ |
690 |
|
$ |
368 |
|
$ |
385 |
|
$ |
321 |
|
$ |
347 |
|
$ |
467 |
|
$ |
833 |
|
$ |
818 |
|
$ |
1,331 |
|
|
EMEA |
|
1,080 |
|
1,037 |
|
1,029 |
|
812 |
|
498 |
|
394 |
|
324 |
|
285 |
|
305 |
|
385 |
|
386 |
|
347 |
|
469 |
| |||||||||||||
|
Latin America |
|
123 |
|
103 |
|
133 |
|
132 |
|
186 |
|
288 |
|
480 |
|
417 |
|
379 |
|
226 |
|
230 |
|
303 |
|
410 |
| |||||||||||||
|
Asia |
|
304 |
|
269 |
|
272 |
|
279 |
|
283 |
|
199 |
|
182 |
|
179 |
|
151 |
|
145 |
|
129 |
|
128 |
|
117 |
| |||||||||||||
|
Total |
|
$ |
2,569 |
|
$ |
2,221 |
|
$ |
2,241 |
|
$ |
1,958 |
|
$ |
1,657 |
|
$ |
1,249 |
|
$ |
1,371 |
|
$ |
1,202 |
|
$ |
1,182 |
|
$ |
1,223 |
|
$ |
1,578 |
|
$ |
1,596 |
|
$ |
2,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Consumer Non-Accrual Loans By Region (2) (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
6,189 |
|
$ |
5,596 |
|
$ |
5,344 |
|
$ |
5,239 |
|
$ |
5,084 |
|
$ |
4,916 |
|
$ |
4,548 |
|
$ |
4,411 |
|
$ |
4,184 |
|
$ |
3,928 |
|
$ |
3,622 |
|
$ |
2,515 |
|
$ |
2,519 |
|
|
Latin America |
|
1,306 |
|
1,418 |
|
1,391 |
|
1,420 |
|
1,466 |
|
1,386 |
|
1,365 |
|
1,188 |
|
1,084 |
|
1,032 |
|
935 |
|
874 |
|
817 |
| |||||||||||||
|
Asia (4) |
|
607 |
|
498 |
|
442 |
|
386 |
|
386 |
|
383 |
|
338 |
|
306 |
|
304 |
|
301 |
|
272 |
|
269 |
|
265 |
| |||||||||||||
|
Total |
|
$ |
8,102 |
|
$ |
7,512 |
|
$ |
7,177 |
|
$ |
7,045 |
|
$ |
6,936 |
|
$ |
6,685 |
|
$ |
6,251 |
|
$ |
5,905 |
|
$ |
5,572 |
|
$ |
5,261 |
|
$ |
4,829 |
|
$ |
3,658 |
|
$ |
3,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Institutional Clients Group |
|
$ |
2 |
|
$ |
4 |
|
$ |
3 |
|
$ |
13 |
|
$ |
25 |
|
$ |
23 |
|
$ |
20 |
|
$ |
31 |
|
$ |
28 |
|
$ |
23 |
|
$ |
35 |
|
$ |
32 |
|
$ |
29 |
|
|
Global Consumer Banking |
|
29 |
|
30 |
|
36 |
|
38 |
|
46 |
|
52 |
|
46 |
|
43 |
|
53 |
|
55 |
|
44 |
|
34 |
|
41 |
| |||||||||||||
|
Corporate/Other |
|
380 |
|
358 |
|
364 |
|
365 |
|
338 |
|
326 |
|
317 |
|
186 |
|
193 |
|
168 |
|
148 |
|
143 |
|
135 |
| |||||||||||||
|
TOTAL OTHER REAL ESTATE OWNED (OREO) (5) |
|
$ |
411 |
|
$ |
392 |
|
$ |
403 |
|
$ |
416 |
|
$ |
409 |
|
$ |
401 |
|
$ |
383 |
|
$ |
260 |
|
$ |
274 |
|
$ |
246 |
|
$ |
227 |
|
$ |
209 |
|
$ |
205 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
OREO By Region: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
North America |
|
$ |
284 |
|
$ |
267 |
|
$ |
294 |
|
$ |
304 |
|
$ |
304 |
|
$ |
293 |
|
$ |
304 |
|
$ |
196 |
|
$ |
220 |
|
$ |
190 |
|
$ |
177 |
|
$ |
166 |
|
$ |
159 |
|
|
EMEA |
|
85 |
|
77 |
|
62 |
|
59 |
|
50 |
|
44 |
|
18 |
|
7 |
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
| |||||||||||||
|
Latin America |
|
40 |
|
46 |
|
39 |
|
47 |
|
50 |
|
49 |
|
49 |
|
47 |
|
48 |
|
50 |
|
44 |
|
38 |
|
35 |
| |||||||||||||
|
Asia |
|
2 |
|
2 |
|
8 |
|
6 |
|
5 |
|
15 |
|
12 |
|
10 |
|
5 |
|
5 |
|
5 |
|
4 |
|
10 |
| |||||||||||||
|
Total |
|
$ |
411 |
|
$ |
392 |
|
$ |
403 |
|
$ |
416 |
|
$ |
409 |
|
$ |
401 |
|
$ |
383 |
|
$ |
260 |
|
$ |
274 |
|
$ |
246 |
|
$ |
227 |
|
$ |
209 |
|
$ |
205 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Other Repossessed Assets |
|
$ |
1 |
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Non-Accrual Assets (NAA) (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Corporate Non-Accrual Loans |
|
$ |
2,569 |
|
$ |
2,221 |
|
$ |
2,241 |
|
$ |
1,958 |
|
$ |
1,657 |
|
$ |
1,249 |
|
$ |
1,371 |
|
$ |
1,202 |
|
$ |
1,182 |
|
$ |
1,223 |
|
$ |
1,578 |
|
$ |
1,596 |
|
$ |
2,327 |
|
|
Consumer Non-Accrual Loans |
|
8,102 |
|
7,512 |
|
7,177 |
|
7,045 |
|
6,936 |
|
6,685 |
|
6,251 |
|
5,905 |
|
5,572 |
|
5,261 |
|
4,829 |
|
3,658 |
|
3,601 |
| |||||||||||||
|
Non-Accrual Loans (NAL) |
|
10,671 |
|
9,733 |
|
9,418 |
|
9,003 |
|
8,593 |
|
7,934 |
|
7,622 |
|
7,107 |
|
6,754 |
|
6,484 |
|
6,407 |
|
5,254 |
|
5,928 |
| |||||||||||||
|
OREO |
|
411 |
|
392 |
|
403 |
|
416 |
|
409 |
|
401 |
|
383 |
|
260 |
|
274 |
|
246 |
|
227 |
|
209 |
|
205 |
| |||||||||||||
|
Other Repossessed Assets |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Non-Accrual Assets (NAA) |
|
$ |
11,083 |
|
$ |
10,125 |
|
$ |
9,821 |
|
$ |
9,419 |
|
$ |
9,002 |
|
$ |
8,335 |
|
$ |
8,005 |
|
$ |
7,367 |
|
$ |
7,028 |
|
$ |
6,730 |
|
$ |
6,634 |
|
$ |
5,463 |
|
$ |
6,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
NAL as a % of Total Loans |
|
1.65 |
% |
1.51 |
% |
1.43 |
% |
1.35 |
% |
1.29 |
% |
1.19 |
% |
1.17 |
% |
1.10 |
% |
1.09 |
% |
1.03 |
% |
1.03 |
% |
0.85 |
% |
0.96 |
% | |||||||||||||
|
NAA as a % of Total Assets |
|
0.59 |
% |
0.54 |
% |
0.52 |
% |
0.50 |
% |
0.48 |
% |
0.44 |
% |
0.43 |
% |
0.40 |
% |
0.38 |
% |
0.37 |
% |
0.37 |
% |
0.32 |
% |
0.34 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
Allowance for Loan Losses as a % of NAL |
|
222 |
% |
222 |
% |
219 |
% |
218 |
% |
220 |
% |
225 |
% |
222 |
% |
225 |
% |
216 |
% |
217 |
% |
213 |
% |
240 |
% |
214 |
% | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
|
|
2Q |
|
3Q |
|
4Q |
|
1Q |
|
2Q |
|
3Q |
|
4Q |
| |||||||||||||||||||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2017 |
|
2017 |
|
2017 |
|
2017 |
| |||||||||||||||||||||||||
|
Non-Accrual Loans (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Corporate Non-Accrual Loans By Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
North America |
|
$ |
1,280 |
|
$ |
1,057 |
|
$ |
984 |
|
$ |
993 |
|
$ |
944 |
|
$ |
915 |
|
$ |
784 |
| ||||||||||||||||||
|
EMEA |
|
762 |
|
857 |
|
904 |
|
828 |
|
727 |
|
681 |
|
849 |
| |||||||||||||||||||||||||
|
Latin America |
|
267 |
|
380 |
|
379 |
|
342 |
|
281 |
|
312 |
|
280 |
| |||||||||||||||||||||||||
|
Asia |
|
151 |
|
121 |
|
154 |
|
176 |
|
146 |
|
146 |
|
29 |
| |||||||||||||||||||||||||
|
Total |
|
$ |
2,460 |
|
$ |
2,415 |
|
$ |
2,421 |
|
$ |
2,339 |
|
$ |
2,098 |
|
$ |
2,054 |
|
$ |
1,942 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Consumer Non-Accrual Loans By Region (2) (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
North America |
|
$ |
2,520 |
|
$ |
2,429 |
|
$ |
2,160 |
|
$ |
1,926 |
|
$ |
1,754 |
|
$ |
1,721 |
|
$ |
1,650 |
| ||||||||||||||||||
|
Latin America |
|
884 |
|
841 |
|
711 |
|
737 |
|
793 |
|
791 |
|
756 |
| |||||||||||||||||||||||||
|
Asia (4) |
|
301 |
|
282 |
|
287 |
|
292 |
|
301 |
|
271 |
|
284 |
| |||||||||||||||||||||||||
|
Total |
|
$ |
3,705 |
|
$ |
3,552 |
|
$ |
3,158 |
|
$ |
2,955 |
|
$ |
2,848 |
|
$ |
2,783 |
|
$ |
2,690 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Institutional Clients Group |
|
$ |
13 |
|
$ |
12 |
|
$ |
14 |
|
$ |
13 |
|
$ |
26 |
|
$ |
46 |
|
$ |
39 |
| ||||||||||||||||||
|
Global Consumer Banking |
|
38 |
|
41 |
|
34 |
|
33 |
|
33 |
|
38 |
|
30 |
| |||||||||||||||||||||||||
|
Corporate/Other |
|
124 |
|
108 |
|
138 |
|
127 |
|
109 |
|
59 |
|
75 |
| |||||||||||||||||||||||||
|
TOTAL OTHER REAL ESTATE OWNED (OREO) (5) |
|
$ |
175 |
|
$ |
161 |
|
$ |
186 |
|
$ |
173 |
|
$ |
168 |
|
$ |
143 |
|
$ |
144 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
OREO By Region: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
North America |
|
$ |
151 |
|
$ |
132 |
|
$ |
161 |
|
$ |
136 |
|
$ |
128 |
|
$ |
97 |
|
$ |
89 |
| ||||||||||||||||||
|
EMEA |
|
|
|
1 |
|
|
|
1 |
|
1 |
|
1 |
|
2 |
| |||||||||||||||||||||||||
|
Latin America |
|
19 |
|
18 |
|
18 |
|
31 |
|
31 |
|
30 |
|
35 |
| |||||||||||||||||||||||||
|
Asia |
|
5 |
|
10 |
|
7 |
|
5 |
|
8 |
|
15 |
|
18 |
| |||||||||||||||||||||||||
|
Total |
|
$ |
175 |
|
$ |
161 |
|
$ |
186 |
|
$ |
173 |
|
$ |
168 |
|
$ |
143 |
|
$ |
144 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Other Repossessed Assets |
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Non-Accrual Assets (NAA) (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Corporate Non-Accrual Loans |
|
$ |
2,460 |
|
$ |
2,415 |
|
$ |
2,421 |
|
$ |
2,339 |
|
$ |
2,098 |
|
$ |
2,054 |
|
$ |
1,942 |
| ||||||||||||||||||
|
Consumer Non-Accrual Loans |
|
3,705 |
|
3,552 |
|
3,158 |
|
2,955 |
|
2,848 |
|
2,783 |
|
2,690 |
| |||||||||||||||||||||||||
|
Non-Accrual Loans (NAL) |
|
6,165 |
|
5,967 |
|
5,579 |
|
5,294 |
|
4,946 |
|
4,837 |
|
4,632 |
| |||||||||||||||||||||||||
|
OREO |
|
175 |
|
161 |
|
186 |
|
173 |
|
168 |
|
143 |
|
144 |
| |||||||||||||||||||||||||
|
Other Repossessed Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Non-Accrual Assets (NAA) |
|
$ |
6,340 |
|
$ |
6,128 |
|
$ |
5,765 |
|
$ |
5,467 |
|
$ |
5,114 |
|
$ |
4,980 |
|
$ |
4,776 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
NAL as a % of Total Loans |
|
0.97 |
% |
0.93 |
% |
0.89 |
% |
0.84 |
% |
0.77 |
% |
0.74 |
% |
0.69 |
% | |||||||||||||||||||||||||
|
NAA as a % of Total Assets |
|
0.35 |
% |
0.34 |
% |
0.32 |
% |
0.30 |
% |
0.27 |
% |
0.26 |
% |
0.26 |
% | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
|
Allowance for Loan Losses as a % of NAL |
|
200 |
% |
208 |
% |
216 |
% |
227 |
% |
243 |
% |
256 |
% |
267 |
% | |||||||||||||||||||||||||
(1) Corporate loans are placed on non-accrual status based upon a review by Citigroups 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 periods presentation.
|
CITIGROUP CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER SHARE AND TANGIBLE BOOK VALUE PER SHARE (In millions of dollars or shares, except per share amounts and ratios) |
|
|
|
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
| ||||||||||||
|
|
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
2014 |
|
2014 |
|
2014 |
|
2014 |
|
2015 |
|
2015 |
|
2015 |
|
2015 |
| ||||||||||||
|
Common Equity Tier 1 Capital Ratio and Components(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Citigroup Common Stockholders Equity(4) |
|
$ |
189,854 |
|
$ |
191,311 |
|
$ |
195,316 |
|
$ |
197,347 |
|
$ |
201,003 |
|
$ |
202,165 |
|
$ |
203,077 |
|
$ |
199,841 |
|
$ |
202,782 |
|
$ |
205,610 |
|
$ |
205,772 |
|
$ |
205,286 |
|
|
Add: Qualifying noncontrolling interests |
|
164 |
|
161 |
|
172 |
|
182 |
|
177 |
|
183 |
|
172 |
|
165 |
|
146 |
|
146 |
|
147 |
|
145 |
| ||||||||||||
|
Regulatory Capital Adjustments and Deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Accumulated net unrealized losses on cash flow hedges, net of tax(5) |
|
(2,168 |
) |
(1,671 |
) |
(1,341 |
) |
(1,245 |
) |
(1,127 |
) |
(1,007 |
) |
(979 |
) |
(909 |
) |
(823 |
) |
(731 |
) |
(542 |
) |
(617 |
) | ||||||||||||
|
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6) |
|
361 |
|
524 |
|
339 |
|
177 |
|
170 |
|
116 |
|
193 |
|
279 |
|
332 |
|
474 |
|
717 |
|
441 |
| ||||||||||||
|
Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Goodwill, net of related deferred tax liabilities (DTLs)(7) |
|
25,206 |
|
24,553 |
|
24,721 |
|
24,518 |
|
24,314 |
|
24,465 |
|
23,678 |
|
22,805 |
|
22,448 |
|
22,312 |
|
21,732 |
|
21,980 |
| ||||||||||||
|
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs |
|
5,329 |
|
5,057 |
|
4,966 |
|
4,950 |
|
4,692 |
|
4,506 |
|
4,307 |
|
4,373 |
|
4,184 |
|
4,153 |
|
3,911 |
|
3,586 |
| ||||||||||||
|
Defined benefit pension plan net assets |
|
498 |
|
876 |
|
954 |
|
1,125 |
|
1,178 |
|
1,066 |
|
1,179 |
|
936 |
|
897 |
|
815 |
|
904 |
|
794 |
| ||||||||||||
|
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards |
|
28,000 |
|
27,945 |
|
28,003 |
|
26,438 |
|
26,489 |
|
25,139 |
|
24,654 |
|
23,626 |
|
23,190 |
|
23,760 |
|
23,295 |
|
23,659 |
| ||||||||||||
|
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(8) |
|
21,834 |
|
17,193 |
|
16,525 |
|
16,217 |
|
13,779 |
|
12,725 |
|
11,670 |
|
12,299 |
|
10,755 |
|
9,538 |
|
9,451 |
|
8,723 |
| ||||||||||||
|
Common Equity Tier 1 Capital (CET1) |
|
$ |
110,958 |
|
$ |
116,995 |
|
$ |
121,321 |
|
$ |
125,349 |
|
$ |
131,685 |
|
$ |
135,338 |
|
$ |
138,547 |
|
$ |
136,597 |
|
$ |
141,945 |
|
$ |
145,435 |
|
$ |
146,451 |
|
$ |
146,865 |
|
|
Risk-Weighted Assets (RWA) |
|
$ |
1,191,233 |
|
$ |
1,167,399 |
|
$ |
1,158,722 |
|
$ |
1,185,443 |
|
$ |
1,260,133 |
|
$ |
1,280,845 |
|
$ |
1,301,660 |
|
$ |
1,292,605 |
|
$ |
1,283,758 |
|
$ |
1,278,593 |
|
$ |
1,254,473 |
|
$ |
1,216,277 |
|
|
Common Equity Tier 1 Capital Ratio (CET1/RWA) |
|
9.31 |
% |
10.02 |
% |
10.47 |
% |
10.57 |
% |
10.45 |
% |
10.57 |
% |
10.64 |
% |
10.57 |
% |
11.06 |
% |
11.37 |
% |
11.67 |
% |
12.07 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Supplementary Leverage Ratio and Components |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Common Equity Tier 1 Capital (CET1) |
|
|
|
$ |
116,995 |
|
$ |
121,321 |
|
$ |
125,349 |
|
$ |
131,685 |
|
$ |
135,338 |
|
$ |
138,547 |
|
$ |
136,597 |
|
$ |
141,945 |
|
$ |
145,435 |
|
$ |
146,451 |
|
$ |
146,865 |
| |
|
Additional Tier 1 Capital (AT1)(9) |
|
|
|
5,434 |
|
6,362 |
|
7,815 |
|
8,279 |
|
10,012 |
|
10,010 |
|
11,469 |
|
12,960 |
|
14,956 |
|
15,548 |
|
17,171 |
| ||||||||||||
|
Total Tier 1 Capital (T1C) (CET1 + AT1) |
|
|
|
$ |
122,429 |
|
$ |
127,683 |
|
$ |
133,164 |
|
$ |
139,964 |
|
$ |
145,350 |
|
$ |
148,557 |
|
$ |
148,066 |
|
$ |
154,905 |
|
$ |
160,391 |
|
$ |
161,999 |
|
$ |
164,036 |
| |
|
Total Leverage Exposure (TLE) |
|
|
|
$ |
2,410,941 |
|
$ |
2,432,254 |
|
$ |
2,456,105 |
|
$ |
2,454,621 |
|
$ |
2,498,061 |
|
$ |
2,485,082 |
|
$ |
2,492,636 |
|
$ |
2,406,286 |
|
$ |
2,386,189 |
|
$ |
2,363,506 |
|
$ |
2,317,849 |
| |
|
Supplementary Leverage Ratio (T1C/TLE) |
|
|
|
5.08 |
% |
5.25 |
% |
5.42 |
% |
5.70 |
% |
5.82 |
% |
5.98 |
% |
5.94 |
% |
6.44 |
% |
6.72 |
% |
6.85 |
% |
7.08 |
% | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Common Stockholders Equity |
|
$ |
189,855 |
|
$ |
191,272 |
|
$ |
195,256 |
|
$ |
197,254 |
|
$ |
200,898 |
|
$ |
202,048 |
|
$ |
202,960 |
|
$ |
199,717 |
|
$ |
202,652 |
|
$ |
205,472 |
|
$ |
205,630 |
|
$ |
205,139 |
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Goodwill |
|
25,474 |
|
24,896 |
|
25,098 |
|
25,009 |
|
25,008 |
|
25,087 |
|
24,500 |
|
23,592 |
|
23,150 |
|
23,012 |
|
22,444 |
|
22,349 |
| ||||||||||||
|
Intangible assets (other than MSRs) |
|
5,457 |
|
4,981 |
|
4,888 |
|
5,056 |
|
4,891 |
|
4,702 |
|
4,525 |
|
4,566 |
|
4,244 |
|
4,071 |
|
3,880 |
|
3,721 |
| ||||||||||||
|
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS |
|
2 |
|
267 |
|
267 |
|
|
|
|
|
116 |
|
|
|
71 |
|
297 |
|
274 |
|
345 |
|
68 |
| ||||||||||||
|
Tangible Common Equity (TCE) |
|
$ |
158,922 |
|
$ |
161,128 |
|
$ |
165,003 |
|
$ |
167,189 |
|
$ |
170,999 |
|
$ |
172,143 |
|
$ |
173,935 |
|
$ |
171,488 |
|
$ |
174,961 |
|
$ |
178,115 |
|
$ |
178,961 |
|
$ |
179,001 |
|
|
Common Shares Outstanding (CSO) |
|
3,042.9 |
|
3,041.0 |
|
3,033.0 |
|
3,029.2 |
|
3,037.8 |
|
3,031.8 |
|
3,029.5 |
|
3,023.9 |
|
3,034.1 |
|
3,009.8 |
|
2,979.0 |
|
2,953.3 |
| ||||||||||||
|
Book Value Per Share (Common Equity/CSO) |
|
$ |
62.39 |
|
$ |
62.90 |
|
$ |
64.38 |
|
$ |
65.12 |
|
$ |
66.13 |
|
$ |
66.64 |
|
$ |
66.99 |
|
$ |
66.05 |
|
$ |
66.79 |
|
$ |
68.27 |
|
$ |
69.03 |
|
$ |
69.46 |
|
|
Tangible Book Value Per Share (TCE/CSO) |
|
$ |
52.23 |
|
$ |
52.99 |
|
$ |
54.40 |
|
$ |
55.19 |
|
$ |
56.29 |
|
$ |
56.78 |
|
$ |
57.41 |
|
$ |
56.71 |
|
$ |
57.66 |
|
$ |
59.18 |
|
$ |
60.07 |
|
$ |
60.61 |
|
|
|
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
|
December 31, |
| ||||||||
|
|
|
2016 |
|
2016 |
|
2016 |
|
2016 |
|
2017(2) |
|
2017 |
|
2017 |
|
2017(3) |
| ||||||||
|
Common Equity Tier 1 Capital Ratio and Components(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Citigroup Common Stockholders Equity(4) |
|
$ |
209,947 |
|
$ |
212,819 |
|
$ |
212,506 |
|
$ |
206,051 |
|
$ |
208,907 |
|
$ |
210,950 |
|
$ |
208,565 |
|
$ |
181,671 |
|
|
Add: Qualifying noncontrolling interests |
|
143 |
|
134 |
|
140 |
|
129 |
|
133 |
|
143 |
|
144 |
|
153 |
| ||||||||
|
Regulatory Capital Adjustments and Deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Accumulated net unrealized losses on cash flow hedges, net of tax(5) |
|
(300 |
) |
(149 |
) |
(232 |
) |
(560 |
) |
(562 |
) |
(445 |
) |
(437 |
) |
(698 |
) | ||||||||
|
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6) |
|
562 |
|
574 |
|
335 |
|
(61 |
) |
(173 |
) |
(291 |
) |
(416 |
) |
(721 |
) | ||||||||
|
Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Goodwill, net of related deferred tax liabilities (DTLs)(7) |
|
21,935 |
|
21,854 |
|
21,763 |
|
20,858 |
|
21,448 |
|
21,589 |
|
21,532 |
|
22,052 |
| ||||||||
|
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs |
|
3,332 |
|
5,358 |
|
5,177 |
|
4,876 |
|
4,738 |
|
4,587 |
|
4,410 |
|
4,401 |
| ||||||||
|
Defined benefit pension plan net assets |
|
870 |
|
964 |
|
891 |
|
857 |
|
836 |
|
796 |
|
720 |
|
896 |
| ||||||||
|
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 |
|
20,832 |
|
20,068 |
|
13,072 |
| ||||||||
|
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(8) |
|
7,254 |
|
6,876 |
|
7,077 |
|
9,357 |
|
9,012 |
|
8,851 |
|
9,298 |
|
|
| ||||||||
|
Common Equity Tier 1 Capital (CET1) |
|
$ |
153,023 |
|
$ |
154,534 |
|
$ |
155,132 |
|
$ |
149,516 |
|
$ |
152,664 |
|
$ |
155,174 |
|
$ |
153,534 |
|
$ |
142,822 |
|
|
Risk-Weighted Assets (RWA) |
|
$ |
1,239,575 |
|
$ |
1,232,856 |
|
$ |
1,228,283 |
|
$ |
1,189,680 |
|
$ |
1,191,397 |
|
$ |
1,188,167 |
|
$ |
1,182,918 |
|
$ |
1,155,099 |
|
|
Common Equity Tier 1 Capital Ratio (CET1/RWA) |
|
12.34 |
% |
12.53 |
% |
12.63 |
% |
12.57 |
% |
12.81 |
% |
13.06 |
% |
12.98 |
% |
12.36 |
% | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Supplementary Leverage Ratio and Components |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Common Equity Tier 1 Capital (CET1) |
|
$ |
153,023 |
|
$ |
154,534 |
|
$ |
155,132 |
|
$ |
149,516 |
|
$ |
152,664 |
|
$ |
155,174 |
|
$ |
153,534 |
|
$ |
142,822 |
|
|
Additional Tier 1 Capital (AT1)(9) |
|
18,119 |
|
19,493 |
|
19,628 |
|
19,874 |
|
19,791 |
|
19,955 |
|
19,315 |
|
19,555 |
| ||||||||
|
Total Tier 1 Capital (T1C) (CET1 + AT1) |
|
$ |
171,142 |
|
$ |
174,027 |
|
$ |
174,760 |
|
$ |
169,390 |
|
$ |
172,455 |
|
$ |
175,129 |
|
$ |
172,849 |
|
$ |
162,377 |
|
|
Total Leverage Exposure (TLE) |
|
$ |
2,300,427 |
|
$ |
2,326,929 |
|
$ |
2,360,520 |
|
$ |
2,345,391 |
|
$ |
2,372,177 |
|
$ |
2,418,658 |
|
$ |
2,430,582 |
|
$ |
2,432,491 |
|
|
Supplementary Leverage Ratio (T1C/TLE) |
|
7.44 |
% |
7.48 |
% |
7.40 |
% |
7.22 |
% |
7.27 |
% |
7.24 |
% |
7.11 |
% |
6.68 |
% | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Common Stockholders Equity |
|
$ |
209,769 |
|
$ |
212,635 |
|
$ |
212,322 |
|
$ |
205,867 |
|
$ |
208,723 |
|
$ |
210,766 |
|
$ |
208,381 |
|
$ |
181,487 |
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Goodwill |
|
22,575 |
|
22,496 |
|
22,539 |
|
21,659 |
|
22,265 |
|
22,349 |
|
22,345 |
|
22,256 |
| ||||||||
|
Intangible assets (other than MSRs) |
|
3,493 |
|
5,521 |
|
5,358 |
|
5,114 |
|
5,013 |
|
4,887 |
|
4,732 |
|
4,588 |
| ||||||||
|
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS |
|
30 |
|
30 |
|
30 |
|
72 |
|
48 |
|
120 |
|
48 |
|
32 |
| ||||||||
|
Tangible Common Equity (TCE) |
|
$ |
183,671 |
|
$ |
184,588 |
|
$ |
184,395 |
|
$ |
179,022 |
|
$ |
181,397 |
|
$ |
183,410 |
|
$ |
181,256 |
|
$ |
154,611 |
|
|
Common Shares Outstanding (CSO) |
|
2,934.9 |
|
2,905.4 |
|
2,849.7 |
|
2,772.4 |
|
2,753.3 |
|
2,724.6 |
|
2,644.0 |
|
2,569.9 |
| ||||||||
|
Book Value Per Share (Common Equity/CSO) |
|
$ |
71.47 |
|
$ |
73.19 |
|
$ |
74.51 |
|
$ |
74.26 |
|
$ |
75.81 |
|
$ |
77.36 |
|
$ |
78.81 |
|
$ |
70.62 |
|
|
Tangible Book Value Per Share (TCE/CSO) |
|
$ |
62.58 |
|
$ |
63.53 |
|
$ |
64.71 |
|
$ |
64.57 |
|
$ |
65.88 |
|
$ |
67.32 |
|
$ |
68.55 |
|
$ |
60.16 |
|
(1) See footnote 2 on page 1.
(2) See footnote 4 on page 1.
(3) See footnote 1 on page 1.
(4) Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.
(5) 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.
(6) The cumulative impact of changes in Citigroups 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.
(7) Includes goodwill embedded in the valuation of significant common stock investments in unconsolidated financial institutions.
(8) Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. Commencing with March 31, 2015 and for the quarterly reporting periods thereafter through Septemebr 30, 2017, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation, while at December 31, 2014 and prior, this deduction related to all three assets which exceeded the 10% and 15% limitations.
(9) Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.
Reclassified to conform to the current periods presentation.
