AI English summary of an SEC filing — figures as filed
Capital One COFThe company reported domestic credit card net charge-offs of $803 million for the month ended December 31, 2024, with a net charge-off rate of 6.28%.
Key points
AI summaryThe company reported domestic credit card net charge-offs of $803 million for the month ended December 31, 2024, with a net charge-off rate of 6.28%.
Domestic credit card loans performing at 30+ days delinquent totaled $7,053 million as of December 2024, a delinquency rate of 4.53%, the company said. Loans held for investment at period-end were $155,618 million.
Capital One said Auto net charge-offs were $162 million for the month ended December 2024, with a net charge-off rate of 2.54%, a 30+ day delinquency rate of 5.95% and a nonperforming loan rate of 0.98%.
The company said the termination of the Walmart program agreement, effective May 21, 2024, increased the domestic card net charge-off rate by 42 basis points for December 2024. Excluding this impact, the company said the rate would have been 5.86%.
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 Credit Card Net Charge-Off Rate 6.28%
The company reported domestic credit card net charge-offs of $803 million for the month ended December 31, 2024, with a net charge-off rate of 6.28%.
Source · Based on the filing body and exhibits
Domestic Credit Card 30+ Day Delinquency Rate 4.53%
Domestic credit card loans performing at 30+ days delinquent totaled $7,053 million as of December 2024, a delinquency rate of 4.53%, the company said. Loans held for investment at period-end were $155,618 million.
Source · Based on the filing body and exhibits
Auto Loan Net Charge-Off Rate 2.54%
Capital One said Auto net charge-offs were $162 million for the month ended December 2024, with a net charge-off rate of 2.54%, a 30+ day delinquency rate of 5.95% and a nonperforming loan rate of 0.98%.
Source · Based on the filing body and exhibits
Walmart Program Termination Impact on Net Charge-Off Rate
The company said the termination of the Walmart program agreement, effective May 21, 2024, increased the domestic card net charge-off rate by 42 basis points for December 2024. Excluding this impact, the company said the rate would have been 5.86%.
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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