Capital One said it reported that for June 2024, net charge-offs for Domestic Credit Card were $718 million and the net charge-off rate was 5.93%. Average loans held for investment were $145,124 million.

8-KRegulation FD DisclosureFiled Jul 23, 2024Period of report Jul 23, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

Capital One said it reported that for June 2024, net charge-offs for Domestic Credit Card were $718 million and the net charge-off rate was 5.93%. Average loans held for investment were $145,124 million.
The company said that as of June 30, 2024, Domestic Credit Card period-end loans held for investment were $147,065 million, and 30+ day performing delinquencies were $6,087 million (30+ day performing delinquency rate of 4.14%).
Capital One said the termination of its Walmart program agreement, effective May 21, 2024, increased the Domestic Card net charge-off rate by 39 basis points for June 2024. It added that excluding this impact, the rate would have been 5.54%.
Capital One reported that for June 2024, average Auto loans in Consumer Banking were $74,363 million, net charge-offs were $129 million (net charge-off rate of 2.08%). Auto loans 30+ days past due were $4,215 million (5.67%).

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 it reported that for June 2024, net charge-offs for Domestic Credit Card were $718 million and the net charge-off rate was 5.93%. Average loans held for investment were $145,124 million.

Source · Based on the filing body and exhibits

Period-End Loan Balances and 30+ Day Delinquencies

The company said that as of June 30, 2024, Domestic Credit Card period-end loans held for investment were $147,065 million, and 30+ day performing delinquencies were $6,087 million (30+ day performing delinquency rate of 4.14%).

Source · Based on the filing body and exhibits

Walmart Program Agreement Termination Impact

Capital One said the termination of its Walmart program agreement, effective May 21, 2024, increased the Domestic Card net charge-off rate by 39 basis points for June 2024. It added that excluding this impact, the rate would have been 5.54%.

Source · Based on the filing body and exhibits

Auto Loan Metrics

Capital One reported that for June 2024, average Auto loans in Consumer Banking were $74,363 million, net charge-offs were $129 million (net charge-off rate of 2.08%). Auto loans 30+ days past due were $4,215 million (5.67%).

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.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.