Capital One said that for the month of July 2024, net charge-offs for Domestic credit cards were $705 million, with a net charge-off rate of 5.79%. Average loans held for investment were $146,083 million.

1. 01

   Capital One said that for the month of July 2024, net charge-offs for Domestic credit cards were $705 million, with a net charge-off rate of 5.79%. Average loans held for investment were $146,083 million.

2. 02

   The company said the termination of the Walmart program agreement, effective May 21, 2024, increased the Domestic Card net charge-off rate by 40 basis points in July 2024. It said that excluding this impact, the net charge-off rate would have been 5.39%.

3. 03

   Capital One said Domestic credit card 30+ day performing delinquencies were $6,366 million, with a delinquency rate of 4.28%, as of July 31, 2024. Period-end loans held for investment were $148,611 million.

4. 04

   Capital One said that for the month of July 2024, net charge-offs for Consumer Banking's Auto portfolio were $131 million, with a net charge-off rate of 2.11%. As of July 31, 30+ day delinquencies were 5.97%, and Nonperforming Loans were $715 million, a rate of 0.96%.

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

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