Citi Announces Completion of Annual Supervisory Stress Test Process

Citi announced 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."

Jane Fraser, Chair and Chief Executive Officer