The company reported that Domestic Card net charge-offs for June 2025 were $1,034 million, the net charge-off rate was 4.96%, and the 30+ day performing delinquency rate was 3.60%. Average loans held for investment were $250,122 million.

1. 01

   The company reported that Domestic Card net charge-offs for June 2025 were $1,034 million, the net charge-off rate was 4.96%, and the 30+ day performing delinquency rate was 3.60%. Average loans held for investment were $250,122 million.

2. 02

   Capital One said the net charge-off rate for June 2025 was 5.29% for Capital One Domestic and 4.47% for Discover Domestic. The 30+ day performing delinquency rates were 3.92% and 3.11%, respectively.

3. 03

   The company said that before Legal Day 1, Discover recognized accelerated charge-offs on certain Domestic Credit Card accounts where the cardholder was deceased or bankrupt. This reduced net charge-offs by approximately $39 million in June 2025. It also said that, excluding this impact, the net charge-off rate for June would have been 4.94% for Discover Domestic and 5.15% for Total Domestic Card.

4. 04

   The company reported an Auto loan net charge-off rate of 1.69%, a 30+ day performing delinquency rate of 4.84%, and a nonperforming loan rate of 0.73% for June 2025. It also said that on Legal Day 1, Discover aligned its calculation methodology with Capital One, which lowered the June Discover Domestic delinquency rate by 23 basis points.

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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