The company said its Domestic credit card net charge-offs for the month ended August 31, 2024 were $714 million, and the net charge-off rate was 5.82%. Average loans were $147,241 million, and period-end loans were $149,385 million.

1. 01

   The company said its Domestic credit card net charge-offs for the month ended August 31, 2024 were $714 million, and the net charge-off rate was 5.82%. Average loans were $147,241 million, and period-end loans were $149,385 million.

2. 02

   The company said the termination of its Walmart program agreement, effective May 21, 2024, raised the Domestic Card net charge-off rate by 39 basis points in August 2024. It said that excluding this impact, the net charge-off rate would have been 5.43%.

3. 03

   As of August 31, 2024, Capital One said Domestic credit card 30+ day performing delinquencies were $6,504 million, and the delinquency rate was 4.35%. The delinquency rate is calculated by dividing performing delinquent loans by period-end loans held for investment.

4. 04

   For August 2024, the company said net charge-offs for its Auto loans in the Consumer Banking segment were $131 million, and the net charge-off rate was 2.10%. As of the same date, Auto 30+ day performing delinquencies were $4,259 million, and the delinquency rate was 5.68%.

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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