AI English summary of an SEC filing — figures as filed
Capital One said that for September 2024, Domestic Card net charge-offs were $644 million, with a net charge-off rate of 5.23%. Average loans held for investment were $147,762 million, and period-end loans held for investment were $149,400 million.
Key points
AI summaryCapital One said that for September 2024, Domestic Card net charge-offs were $644 million, with a net charge-off rate of 5.23%. Average loans held for investment were $147,762 million, and period-end loans held for investment were $149,400 million.
The company said the termination of its Walmart program agreement, effective May 21, 2024, increased the Domestic Card net charge-off rate by 36 basis points in September 2024. It said that excluding this impact, the net charge-off rate would have been 4.87%.
The company said Domestic Card 30+ day performing delinquencies were $6,767 million as of the end of September 2024, and the 30+ day performing delinquency rate was 4.53%.
Capital One said that for September 2024, Consumer Banking Auto loans had an average balance of $75,330 million and a period-end balance of $75,505 million. It said net charge-offs were $122 million, with a net charge-off rate of 1.94%.
Summary
AI-writtenAnalysis 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 Card Net Charge-Off Rate at 5.23%
Capital One said that for September 2024, Domestic Card net charge-offs were $644 million, with a net charge-off rate of 5.23%. Average loans held for investment were $147,762 million, and period-end loans held for investment were $149,400 million.
Source · Based on the filing body and exhibits
Walmart Program Termination and Domestic Card Net Charge-Off Rate
The company said the termination of its Walmart program agreement, effective May 21, 2024, increased the Domestic Card net charge-off rate by 36 basis points in September 2024. It said that excluding this impact, the net charge-off rate would have been 4.87%.
Source · Based on the filing body and exhibits
Domestic Card 30+ Day Performing Delinquency Rate at 4.53%
The company said Domestic Card 30+ day performing delinquencies were $6,767 million as of the end of September 2024, and the 30+ day performing delinquency rate was 4.53%.
Source · Based on the filing body and exhibits
Auto Loan Net Charge-Off Rate at 1.94%
Capital One said that for September 2024, Consumer Banking Auto loans had an average balance of $75,330 million and a period-end balance of $75,505 million. It said net charge-offs were $122 million, with a net charge-off rate of 1.94%.
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.
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