For Immediate Release Citigroup Inc. (NYSE: C)
Citi Announces Completion of Annual Supervisory Stress Test Process
HIGHLIGHTS
- Following its 2026 stress test, Citi announced a 12% quarterly dividend increase to $0.67 per share, continuing its $30 billion stock repurchase program and signaling a strong commitment to shareholder returns
- Improved stress test performance and capital resilience reflect the success of Citi's strategy to build a simpler, more resilient firm with stronger core earnings and an increased capacity to absorb stress
- The 2026 stress test results imply a reduced Stress Capital Buffer of 3.3%, showcasing the firm's enhanced capital strength
NEW YORK – Citi announced today that it has completed the Federal Reserve Board’s (FRB) 2026 annual supervisory stress test process.
As a reminder, in February 2026 the FRB voted to maintain the current stress capital buffer (SCB) requirements until October 1, 2027. Therefore, Citi’s 2026 SCB remains at 3.6%, and Citi's Standardized Common Equity Tier 1 (CET1) capital ratio regulatory requirement is unchanged at 11.6%. As of March 31, 2026, Citi's Standardized CET1 capital ratio stood at 12.7%, which was 110 basis points above the regulatory requirement of 11.6%.
Citi plans to increase its quarterly common stock dividend 12%, from $0.60 to $0.67 per share, subject to quarterly approval by Citi's Board of Directors, starting in the third quarter of 2026. As previously announced, Citi commenced a $30 billion multi-year common stock repurchase program in the second quarter of 2026.
The 2026 stress test results demonstrate a meaningful strengthening in capital resilience, with capital depletion—from the starting CET1 ratio to trough under the stress scenario—improving to 290 basis points from 320 basis points in the prior cycle. This reflects consistent execution, which is driving stronger pre-provision net revenue (PPNR) performance and, in turn, increasing our capacity to absorb stress. Had the FRB not voted to maintain our current SCB, this would have implied a SCB of 3.3%, including an add-on reflecting the above planned dividend increase.
Today’s results highlight the strength of our franchise and the continued momentum in executing our strategy, reshaping Citi into a simpler, more resilient firm. This execution is translating into tangible results, including stronger earnings capacity and enhanced capital resilience, reflecting consistent progress in reducing our stress capital buffer and providing a clear path to delivering returns discussed at Investor Day. Together, this positions us to deliver consistent, long-term results across a range of economic conditions."
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Citi’s future capital levels and capital actions (including common stock dividends and repurchases) may differ materially from those included in these statements due to a variety of factors. These factors include, among others: macroeconomic and other challenges and uncertainties; the potential outcomes of the extensive legal and regulatory proceedings, examinations, consent orders and related compliance efforts and other inquiries to which Citi is or may be subject; ongoing regulatory uncertainties and changes; and the precautionary statements included in this release. These factors also consist of those contained in Citi's other filings with the U.S. Securities and Exchange Commission, including without limitation the "Risk Factors" section of Citi's 2025 Form 10-K. Any forward-looking statements made by or on behalf of Citi speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
Investor Contact
Jennifer Landis investorrelations@citi.com
Media Contact
Danielle Romero danielle.romeroapsilos@citi.com