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PREFERRED STOCK | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity Note [Abstract] |
PREFERRED STOCK | PREFERRED STOCK The following table summarizes the Company’s preferred stock outstanding:
|  |  | Dividend rate as of September 30, 2025 | Redemption price per depositary share/preference share |  | Carrying value (in millions of dollars)
| Issuance date | Redeemable by issuer beginning | Number of depositary shares | September 30, 2025 | December 31, 2024
Series P(1) | April 24, 2015 | May 15, 2025 | N/A | $ | 1,000 |  | 2,000,000 |  | $ | — |  | $ | 2,000 |
Series T(2) | April 25, 2016 | August 15, 2026 | 6.250 | % | 1,000 |  | 1,500,000 |  | 1,500 |  | 1,500 |
Series V(3) | January 23, 2020 | January 30, 2025 | N/A | 1,000 |  | 1,500,000 |  | — |  | 1,500 |
Series W(4) | December 10, 2020 | December 10, 2025 | 4.000 |  | 1,000 |  | 1,500,000 |  | 1,500 |  | 1,500 |
Series X(5) | February 18, 2021 | February 18, 2026 | 3.875 |  | 1,000 |  | 2,300,000 |  | 2,300 |  | 2,300 |
Series Y(6) | October 27, 2021 | November 15, 2026 | 4.150 |  | 1,000 |  | 1,000,000 |  | 1,000 |  | 1,000 |
Series Z(7) | March 7, 2023 | May 15, 2028 | 7.375 |  | 1,000 |  | 1,250,000 |  | 1,250 |  | 1,250 |
Series AA(8) | September 21, 2023 | November 15, 2028 | 7.625 |  | 1,000 |  | 1,500,000 |  | 1,500 |  | 1,500 |
Series BB(9) | March 6, 2024 | May 15, 2029 | 7.200 |  | 1,000 |  | 550,000 |  | 550 |  | 550 |
Series CC(10) | May 29, 2024 | August 15, 2029 | 7.125 |  | 1,000 |  | 1,750,000 |  | 1,750 |  | 1,750 |
Series DD(11) | July 30, 2024 | August 15, 2034 | 7.000 |  | 1,000 |  | 1,500,000 |  | 1,500 |  | 1,500 |
Series EE(12) | December 3, 2024 | February 15, 2030 | 6.750 |  | 1,000 |  | 1,500,000 |  | 1,500 |  | 1,500 |
Series FF(13) | February 12, 2025 | February 15, 2030 | 6.950 |  | 1,000 |  | 2,000,000 |  | 2,000 |  | — |
Series GG(14) | July 23, 2025 | August 15, 2030 | 6.875 |  | 1,000 |  | 2,700,000 |  | 2,700 |  | — |
|  |  |  |  |  | $ | 19,050 |  | $ | 17,850 |
(1)Citi redeemed Series P in its entirety on May 15, 2025. (2)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable semiannually on February 15 and August 15 at a fixed rate until, but excluding, August 15, 2026, thereafter payable quarterly on February 15, May 15, August 15 and November 15 at a floating rate, in each case when, as and if declared by the Citi Board of Directors. (3)Citi redeemed Series V in its entirety on January 30, 2025. (4)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on March 10, June 10, September 10 and December 10 at a fixed rate until, but excluding, December 10, 2025, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series W reset date and every five years thereafter equal to the five-year treasury rate plus 3.597%, in each case when, as and if declared by the Citi Board of Directors. (5)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 18, May 18, August 18 and November 18 at a fixed rate until, but excluding, February 18, 2026, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series X reset date and every five years thereafter equal to the five-year treasury rate plus 3.417%, in each case when, as and if declared by the Citi Board of Directors. (6)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, November 15, 2026, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series Y reset date and every five years thereafter equal to the five-year treasury rate plus 3.000%, in each case when, as and if declared by the Citi Board of Directors. (7)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, May 15, 2028, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series Z reset date and every five years thereafter equal to the five-year treasury rate plus 3.209%, in each case when, as and if declared by the Citi Board of Directors. (8)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, November 15, 2028, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series AA reset date and every five years thereafter equal to the five-year treasury rate plus 3.211%, in each case when, as and if declared by the Citi Board of Directors. (9)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, May 15, 2029, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series BB reset date and every five years thereafter equal to the five-year treasury rate plus 2.905%, in each case when, as and if declared by the Citi Board of Directors. (10)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, August 15, 2029, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series CC reset date and every five years thereafter equal to the five-year treasury rate plus 2.693%, in each case when, as and if declared by the Citi Board of Directors. (11)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, August 15, 2034, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series DD reset date and every 10 years thereafter equal to the 10-year treasury rate plus 2.757%, in each case when, as and if declared by the Citi Board of Directors. (12)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, February 15, 2030, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series EE reset date and every five years thereafter equal to the five-year treasury rate plus 2.572%, in each case when, as and if declared by the Citi Board of Directors. (13)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, February 15, 2030, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series FF reset date and every five years thereafter equal to the five-year treasury rate plus 2.726%, in each case when, as and if declared by the Citi Board of Directors. (14)Issued as depositary shares, each representing a 1/25 th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends are payable quarterly on February 15, May 15, August 15 and November 15 at a fixed rate until, but excluding, August 15, 2030, thereafter payable quarterly on the same dates at a fixed rate that resets on the Series GG reset date and every five years thereafter equal to the five-year treasury rate plus 2.890%, in each case when, as and if declared by the Citi Board of Directors. N/A Not applicable, as the series has been redeemed.

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