The company said that for May 2024, Domestic Card net charge-offs were $733 million and the net charge-off rate was 6.13%. Average loans held for investment were $143,614 million.

1. 01

   The company said that for May 2024, Domestic Card net charge-offs were $733 million and the net charge-off rate was 6.13%. Average loans held for investment were $143,614 million.

2. 02

   Capital One said the termination of its credit card partnership agreement with Walmart and the related loss sharing provisions, effective May 21, 2024, increased the Domestic Card net charge-off rate by 17 basis points in May 2024. It said that excluding this impact, the rate would have been 5.96%.

3. 03

   The company said that as of May 31, 2024, Domestic Card 30+ day performing delinquencies were $6,030 million and the delinquency rate was 4.13%. Period-end loans held for investment were $145,921 million.

4. 04

   The company said that for May 2024, Consumer Banking Auto net charge-offs were $104 million and the net charge-off rate was 1.69%. It also reported 30+ day delinquencies at 5.40%, nonperforming loans of $638 million, and a nonperforming loan rate of 0.86%.

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.

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.