Capital One said that for the month ended February 29, 2024, net charge-offs for U.S. credit card loans were $708 million, a net charge-off rate of 5.95%.

8-KRegulation FD DisclosureFiled Mar 15, 2024Period of report Mar 14, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

Capital One said that for the month ended February 29, 2024, net charge-offs for U.S. credit card loans were $708 million, a net charge-off rate of 5.95%.
The company said that as of February 29, 2024, U.S. credit card 30+ day performing delinquencies were $6,744 million, a delinquency rate of 4.72%. It said the rate is measured against period-end loans held for investment.
Capital One said that for the month ended February 2024, average U.S. credit card loans held for investment were $142,719 million, and period-end balances were $142,823 million.
Capital One said that for the month ended February 2024, Consumer Banking auto loans had average balances of $73,676 million and period-end balances of $73,561 million. Net charge-offs were $120 million, a net charge-off rate of 1.95%, and 30+ day performing delinquencies were 5.51%.

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.

U.S. Credit Card Monthly Net Charge-Off Rate 5.95%

Capital One said that for the month ended February 29, 2024, net charge-offs for U.S. credit card loans were $708 million, a net charge-off rate of 5.95%.

Source · Based on the filing body and exhibits

U.S. Credit Card 30+ Day Delinquency Rate 4.72%

The company said that as of February 29, 2024, U.S. credit card 30+ day performing delinquencies were $6,744 million, a delinquency rate of 4.72%. It said the rate is measured against period-end loans held for investment.

Source · Based on the filing body and exhibits

U.S. Credit Card Average and Period-End Loan Balances

Capital One said that for the month ended February 2024, average U.S. credit card loans held for investment were $142,719 million, and period-end balances were $142,823 million.

Source · Based on the filing body and exhibits

Auto Loan Metrics

Capital One said that for the month ended February 2024, Consumer Banking auto loans had average balances of $73,676 million and period-end balances of $73,561 million. Net charge-offs were $120 million, a net charge-off rate of 1.95%, and 30+ day performing delinquencies were 5.51%.

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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