C · 8-K · 20261013PR115323

Credit Loss Provisions

CITIGROUP INC · 2026-10-13 · Importance 63 · Surprise 50 · No source text

Citigroup’s provision for credit losses increased 6% year over year to $2.6 billion, comprising $2.2 billion of net credit losses and a $369 million net reserve build. The reserve build was driven by changes in the macroeconomic outlook and portfolio growth, while net credit losses were unchanged from the prior-year period. The total allowance for credit losses was $22.4 billion at quarter end, including $20.1 billion on loans, and the reserve-to-funded-loan ratio declined to 2.5% from 2.7%. USCC provision increased 4% to $1.9 billion, while All Other provision increased 61% to $532 million because of higher Mexico Consumer credit losses.

Key facts

• Total non-accrual loans decreased $0.4 billion, or 12%, from the prior-year period to $3.3 billion. source
• All Other (managed basis) provision for credit losses was $532 million in 3Q'26, up 61% year-over-year, reflecting $433 million of net credit losses and a net reserve build of $99 million primarily driven by policyholder benefits and claims in Mexico Consumer. source
• Total provision for credit losses in 3Q'26 was $2,586 million, up 6% year-over-year. source
• Net ACL build in 3Q'26 was $333 million, up 130% year-over-year. source
• USCC provision for credit losses was $1,878 million in 3Q'26, up 4% year-over-year, reflecting $1,670 million of net credit losses and a net reserve build of $208 million. source
• Citigroup’s total allowance for credit losses was $22.4 billion at quarter end, compared to $23.8 billion a year earlier. source
• Total ACL on loans was $20.1 billion at quarter end, compared to $19.2 billion at the end of the prior-year period, with a reserve-to-funded loan ratio of 2.5%, down from 2.7%. source
• Net credit losses in 3Q'26 were $2,217 million, unchanged year-over-year. source

Impact estimates