The company reported total loans for U.S. Consumer Card Member loans of $83.2 billion as of December 31, 2023, $81.1 billion as of January 31, 2024, and $80.4 billion as of February 29, 2024. Days past due loans as a percentage of total loans were 1.4%, 1.5% and 1.5% for the 30 days past due measure.

8-KRegulation FD DisclosureFiled Mar 15, 2024Period of report Mar 15, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

The company reported total loans for U.S. Consumer Card Member loans of $83.2 billion as of December 31, 2023, $81.1 billion as of January 31, 2024, and $80.4 billion as of February 29, 2024. Days past due loans as a percentage of total loans were 1.4%, 1.5% and 1.5% for the 30 days past due measure.
The company reported net write-off rates on a principal-only basis for U.S. Consumer Card Member loans of 2.5% for December 2023, 2.1% for January 2024, and 2.4% for February 2024. The company said that, because of the timing of the Thanksgiving holiday, information on certain debt settlement agreements was received later in the month, and that the related loans were written off in December 2023 in the ordinary course.
The company reported total loans for U.S. Small Business Card Member loans of $25.8 billion as of December 2023, $26.2 billion as of January 2024, and $26.5 billion as of February 2024. The 30 days past due rate was 1.4%, 1.5% and 1.5% for the same periods. Net write-off rates on a principal-only basis were 2.2%, 2.1% and 2.3%.
The company reported ending total principal balances for American Express Credit Account Master Trust of $27.2 billion for December 2023, $25.9 billion for January 2024, and $25.4 billion for February 2024. Annualized default rates, net of recoveries, were 1.5%, 1.3% and 1.7% for the same periods. Total 30+ days delinquent was $0.2 billion in each of the three periods.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

U.S. Consumer Card Member Loan Balances and Delinquency Rates

The company reported total loans for U.S. Consumer Card Member loans of $83.2 billion as of December 31, 2023, $81.1 billion as of January 31, 2024, and $80.4 billion as of February 29, 2024. Days past due loans as a percentage of total loans were 1.4%, 1.5% and 1.5% for the 30 days past due measure.

Source · Based on the filing body and exhibits

U.S. Consumer Principal-Only Net Write-Off Rate Trend

The company reported net write-off rates on a principal-only basis for U.S. Consumer Card Member loans of 2.5% for December 2023, 2.1% for January 2024, and 2.4% for February 2024. The company said that, because of the timing of the Thanksgiving holiday, information on certain debt settlement agreements was received later in the month, and that the related loans were written off in December 2023 in the ordinary course.

Source · Based on the filing body and exhibits

U.S. Small Business Card Member Loan Metrics

The company reported total loans for U.S. Small Business Card Member loans of $25.8 billion as of December 2023, $26.2 billion as of January 2024, and $26.5 billion as of February 2024. The 30 days past due rate was 1.4%, 1.5% and 1.5% for the same periods. Net write-off rates on a principal-only basis were 2.2%, 2.1% and 2.3%.

Source · Based on the filing body and exhibits

American Express Credit Account Master Trust Credit Metrics

The company reported ending total principal balances for American Express Credit Account Master Trust of $27.2 billion for December 2023, $25.9 billion for January 2024, and $25.4 billion for February 2024. Annualized default rates, net of recoveries, were 1.5%, 1.3% and 1.7% for the same periods. Total 30+ days delinquent was $0.2 billion in each of the three periods.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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