According to the press release, the number of term loans outstanding as of July 31, 2024, is 21,577, compared to 20,446 on December 31, 2023, and 18,027 on December 31, 2022. The aggregate unpaid principal balance for these term loans was $1,162,023,733 as of July 31, 2024, compared to $1,081,590,921 on December 31, 2023, and $958,048,846 on December 31, 2022.
Looking at the delinquency experience for term loans, the unpaid principal balance of past due term loans in the 1-14 missed payment factor category was $21,897,252 as of July 31, 2024, compared to $34,595,627 on December 31, 2023, and $41,980,019 on December 31, 2022. In the 60+ non-write off not paying category, the unpaid principal balance was $12,000,673 as of July 31, 2024, compared to $18,655,548 on December 31, 2023, and $12,841,244 on December 31, 2022.
For lines of credit, the number of lines outstanding as of July 31, 2024, was 24,172, compared to 19,191 on December 31, 2023, and 19,752 on December 31, 2022. The aggregate unpaid principal balance for these lines of credit was $459,216,104 as of July 31, 2024, compared to $333,462,689 on December 31, 2023, and $282,702,546 on December 31, 2022.
In terms of net charge-offs, the cumulative net charge-offs as a percentage of the aggregate original principal balance for loans originated in 2024 Q2 was 0.77% as of July 31, 2024, compared to 0.80% for 2024 Q1 and 0.87% for 2023 Q4.
For loans originated with an OnDeck Score of less than 470, the cumulative net charge-offs as a percentage of the aggregate original principal balance for those originated in 2024 Q2 was 27.23% as of July 31, 2024, compared to 15.51% for 2023 Q3 and 20.86% for 2023 Q2.
These figures illustrate the changes in delinquencies, unpaid principal balances, and net charge-offs over different periods, providing insight into the company's performance and risk management. Today the company's shares have moved 3.1% to a price of $83.0. If you want to know more, read the company's complete 8-K report here.
