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Capital One logoCapital One COF

Capital One said the net charge-offs for its domestic credit card loans were $686 million in the month ended January 31, 2024, with a net charge-off rate of 5.71%.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Capital One said the net charge-offs for its domestic credit card loans were $686 million in the month ended January 31, 2024, with a net charge-off rate of 5.71%.

  2. The company said its domestic credit card loans held for investment averaged $144,267 million and ended the period at $144,917 million, and that loans 30+ days performing delinquent totaled $6,926 million, a delinquency rate of 4.78%.

  3. Capital One said its Consumer Banking auto loans averaged $73,944 million and ended the period at $73,805 million, with net charge-offs of $145 million and a net charge-off rate of 2.36%.

  4. The company said auto loans 30+ days performing delinquent totaled $4,646 million, a delinquency rate of 6.29%. Nonperforming loans in the same segment were $709 million, or a rate of 0.96%.

Summary

AI-written

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

Domestic Credit Card Net Charge-Off Rate

Capital One said the net charge-offs for its domestic credit card loans were $686 million in the month ended January 31, 2024, with a net charge-off rate of 5.71%.

Source · Based on the filing body and exhibits

Domestic Credit Card Loan Size and Delinquency Rate

The company said its domestic credit card loans held for investment averaged $144,267 million and ended the period at $144,917 million, and that loans 30+ days performing delinquent totaled $6,926 million, a delinquency rate of 4.78%.

Source · Based on the filing body and exhibits

Auto Loan Segment Metrics

Capital One said its Consumer Banking auto loans averaged $73,944 million and ended the period at $73,805 million, with net charge-offs of $145 million and a net charge-off rate of 2.36%.

Source · Based on the filing body and exhibits

Auto Loan Delinquencies and Nonperforming Loans

The company said auto loans 30+ days performing delinquent totaled $4,646 million, a delinquency rate of 6.29%. Nonperforming loans in the same segment were $709 million, or a rate of 0.96%.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.