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06/11/2026 | Press release | Distributed by Public on 06/11/2026 10:58

Application for Designation of New Trustee (Form 305B2)


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM T-1

STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an application to determine eligibility of a Trustee
pursuant to Section 305 (b)(2) _X___

_______________________
CITIBANK, N.A.
(Exact name of trustee as specified in its charter)

A National Banking Association
13-5266470
(Jurisdiction of Incorporation or organization if not a U.S. national bank)
(I.R.S. Employer Identification Number)
399 Park Ave., New York, NY
10043
(Address of principal executive office)
(Zip Code)

Jennifer Morris
Citibank, N.A.
388 Greenwich St.
New York, NY 10013
(714) 845-4097
(Name, address and telephone number of agent for service)
_____________________________

EXETER AUTOMOBILE RECEIVABLES TRUST 2026-3
(Exact name of obligor as specified in its charter)

Delaware
41-6729953
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification Number)
2101 W. John Carpenter Freeway
Irving, Texas
75063
(Address of principal executive offices)
(Zip Code)

_________________________
Asset-Backed Notes
(Title of the indenture securities)

Item 1. General Information.

Furnish the following information as to the trustee:


(a)
Name and address of each examining or supervising authority to which it is subject.


Name
Address

Comptroller of the Currency
Washington, D.C.


Federal Reserve Bank of New York
New York, NY
33 Liberty Street
New York, NY


Federal Deposit Insurance Corporation
Washington, D.C.


(b)
Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

Items 3. -15. Not Applicable

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect (Exhibit 1 to T-1 to Registration Statement No. 2-79983).

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers (Exhibit 3 to T-1 to Registration Statement No. 2-55519).

Exhibit 4 - Copy of existing By-Laws of the Trustee (Exhibit 4 to T-1 to Registration Statement No. 33-34988).

Exhibit 5 - Not applicable.

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of March 31, 2026 - attached).

Exhibit 8 - Not applicable.

Exhibit 9 - Not applicable.

__________________

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 11th day of June, 2026.


CITIBANK, N.A.
By
/s Jennifer Morris
Jennifer Morris
Senior Trust Officer



Exhibit 7



CITIGROUP CONSOLIDATED BALANCE SHEET
(In millions of dollars)


1Q26 Increase/
(Decrease) from

March 31,
2025
June 30,
2025
September 30,
2025
December 31,
2025
March 31,
2026(1)
4Q25
1Q25
Assets
Cash and due from banks (including segregated cash and other deposits)
$
24,463
$
24,991
$
23,545
$
23,717
$
23,625
-
(3
%)
Deposits with banks, net of allowance
283,868
312,482
324,515
325,862
362,097
11
%
28
%
Securities borrowed and purchased under agreements to resell, net of allowance
390,215
323,892
321,347
356,195
353,094
(1
%)
(10
%)
Brokerage receivables, net of allowance
57,440
64,029
75,992
62,679
91,720
46
%
60
%
Trading account assets
518,577
568,558
562,254
537,139
593,473
10
%
14
%
Investments
Available-for-sale debt securities
225,180
235,802
246,227
246,720
257,822
4
%
14
%
Held-to-maturity debt securities, net of allowance
220,385
206,094
197,092
189,831
178,503
(6
%)
(19
%)
Equity securities
7,323
7,504
7,413
7,678
7,839
2
%
7
%
Total investments
452,888
449,400
450,732
444,229
444,164
-
(2
%)
Loans
Consumer(2)
386,312
395,759
398,628
408,533
402,391
(2
%)
4
%
Corporate(3)
315,744
329,586
335,277
343,697
359,225
5
%
14
%
Loans, net of unearned income
702,056
725,345
733,905
752,230
761,616
1
%
8
%
Allowance for credit losses on loans (ACLL)
(18,726
)
(19,123
)
(19,206
)
(19,247
)
(19,636
)
(2
%)
(5
%)
Total loans, net
683,330
706,222
714,699
732,983
741,980
1
%
9
%
Goodwill
19,422
19,878
19,126
19,098
18,997
(1
%)
(2
%)
Intangible assets (including MSRs)
4,430
4,409
4,330
4,284
4,305
-
(3
%)
Premises and equipment, net of depreciation and amortization
30,814
32,312
32,819
33,339
33,574
1
%
9
%
Other assets, net of allowance
106,067
116,599
113,116
117,677
110,658
(6
%)
4
%
Total assets
$
2,571,514
$
2,622,772
$
2,642,475
$
2,657,202
$
2,777,687
5
%
8
%
Liabilities
Non-interest-bearing deposits in U.S. offices
$
122,472
$
119,898
$
116,921
$
121,610
$
122,083
-
-
Interest-bearing deposits in U.S. offices
562,628
575,709
592,728
613,052
634,812
4
%
13
%
Total U.S. deposits
685,100
695,607
709,649
734,662
756,895
3
%
10
%
Non-interest-bearing deposits in offices outside the U.S.
82,215
86,458
83,920
87,041
86,004
(1
%)
5
%
Interest-bearing deposits in offices outside the U.S.
549,095
575,668
590,360
581,870
603,341
4
%
10
%
Total international deposits
631,310
662,126
674,280
668,911
689,345
3
%
9
%
Total deposits
1,316,410
1,357,733
1,383,929
1,403,573
1,446,240
3
%
10
%
Securities loaned and sold under agreements to repurchase
403,959
347,913
349,726
348,098
369,585
6
%
(9
%)
Brokerage payables
78,302
90,949
89,596
74,836
111,224
49
%
42
%
Trading account liabilities
148,688
163,952
160,243
162,798
185,266
14
%
25
%
Short-term borrowings
49,139
55,560
54,760
51,878
72,056
39
%
47
%
Long-term debt
295,684
317,761
315,846
315,827
307,566
(3
%)
4
%
Other liabilities, plus allowances(4)
66,074
74,774
74,498
86,370
73,178
(15
%)
11
%
Total liabilities
$
2,358,256
$
2,408,642
$
2,428,598
$
2,443,380
$
2,565,115
5
%
9
%
Stockholders' equity
Preferred stock
$
18,350
$
16,350
$
19,050
$
20,050
$
19,550
(2
%)
7
%
Common stock
31
31
31
31
31
-
-
Additional paid-in capital
108,616
108,839
109,010
108,452
107,821
(1
%)
(1
%)
Retained earnings
209,013
211,674
214,034
215,128
219,542
2
%
5
%
Treasury stock, at cost
(77,880
)
(79,886
)
(84,932
)
(89,473
)
(95,370
)
(7
%)
(22
%)
Accumulated other comprehensive income (loss) (AOCI)
(45,722
)
(43,786
)
(44,170
)
(41,897
)
(40,615
)
3
%
11
%
Total common equity
$
194,058
$
196,872
$
193,973
$
192,241
$
191,409
-
(1
%)
Total Citigroup stockholders' equity
$
212,408
$
213,222
$
213,023
$
212,291
$
210,959
(1
%)
(1
%)
Noncontrolling interests
850
908
854
1,531
1,613
5
%
90
%
Total equity
213,258
214,130
213,877
213,822
212,572
(1
%)
-
Total liabilities and equity
$
2,571,514
$
2,622,772
$
2,642,475
$
2,657,202
$
2,777,687
5
%
8
%

(1)
March 31, 2026 is preliminary.
(2)
Consumer loans include loans managed by USCC, Wealth, and All Other-Legacy Franchises (other than Mexico small business and middle-market banking (Mexico SBMM), and the Assets Finance Group (AFG)).
(3)
Corporate loans include loans managed by Services, Markets, Banking, and All Other-Legacy Franchises-Mexico SBMM, and the AFG.
(4)
Includes allowance for credit losses for unfunded lending commitments. See page 19.
NM Not meaningful.
Reclassified to conform to the current period's presentation.


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