13
(1)
Ratios as of March 31, 2024 are preliminary allocated average tangible common equity (TCE) and
return on average tangible common equity (RoTCE) are non-GAAP financial measures. RoTCE represents
annualized net income available to common shareholders as a percentage of average TCE. For the components
of these calculations, see Appendix A. See Appendix F for a reconciliation of common equity to TCE. For a
H.
(2)
Ratios as of March 31, 2024
Supplementary Leverage ratio (SLR) reflect certain deferrals based on the modified regulatory capital transition
CET1 Capital ratio and
SLR as of
March 31, 2024 wou
ld be
13.4% and 5.8%, res
pectively, on a fully
reflected
Regulatory Capital Treatment Modified Transition
of the Current Expected Credit Losses Methodology 2023 Annual Report on Form 10-K. Certain
D
SLR, see Appendix E.
(3)
income available to common shareholders.
(4)
-GAAP financial measure. See Appendix F for a reconciliation
of common equity to tangible common equity and resulting calculation of tangible book value per share.
(5)
First quarter 2023 includes an approximate $1.059 billion gain on sale recorded in revenue (approximately
$
727 million after va
rious taxes) rel
ated to Citi's
sale of the India consumer banki
ng business
.
First quarter 2024 includes approximately $110 million in operating expenses (approximately $77 million after-
tax), primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
Results of operations excluding divestiture-related impacts are non-GAAP financial measures. For additional
information and a reconciliation to reported results, please refer to Appendix B.
(6)
Citi recorded a $251 million incremental pre-tax charge to operating expenses in the first quarter 2024 related
uninsured depositors at Silicon Valley Bank and Signature Bank. Results of operations excluding the impact of
this charge are non-GAAP financial measures. For a reconciliation to reported results, please refer to Appendix B.
(7)
Citi recorded $225 million in restructuring charges in the first quarter 2024, largely driven by severance and
(8)
both accrual loans and loans at fair value. Gain / (loss) on loan hedges includes the mark-to-market on the
credit derivatives and the mark-to-market on the loans in the portfolio that are at fair value. In the first quarter
2024, gain / (loss) on loan hedges included $(104) million related to Corporate Lending, compared to $(199)
million in the prior-year period. The fixed premium costs of these hedges are netted against the Corporate
Lending
gain / (loss) on loan hedges are non-GAAP financial measures. For a reconciliation to reported results, please
refer to Appendix G.
(9)
Certain revenues earned by Citi are subject to a revenue sharing agreement to Banking Corporate Lending
from Investment Banking and certain Markets and Services products sold to clients.
(10)
All Other (Managed Basis) reflects results on a managed basis, which excludes divestiture-related impacts, for
all periods, related to divestitures of its Asia consumer banking businesses and the planned divestiture of
Mexico consumer banking and small business and middle market banking within Legacy Franchises. Certain of
the results of operations of All Other (Managed Basis) and Legacy Franchises (Managed Basis) that exclude