Capital One's November 2024 Charge-Off Metrics

By Bobby Samwell • Monday, December 16 10:19 • Permanent Link

Capital One Financial Corporation has released its Monthly Charge-Off and Delinquency Metrics for November 2024. Here are the key figures:

Credit Card: Loans Held for Investment: $152,102 million Net Charge-Offs: $755 million Net Charge-Off Rate: 6.08% 30+ Day Performing Delinquencies: $6,949 million * 30+ Day Performing Delinquency Rate: 4.57%

Consumer Banking (Auto): Loans Held for Investment: $75,955 million Net Charge-Offs: $132 million Net Charge-Off Rate: 2.10% 30+ Day Performing Delinquencies: $4,226 million 30+ Day Performing Delinquency Rate: 5.56% Nonperforming Loans: $665 million * Nonperforming Loan Rate: 0.88%

It's worth noting that the termination of the Walmart program agreement, effective May 21, 2024, increased the Domestic Card net charge-off rate by 40 basis points for November 2024. Excluding this impact, the Domestic Card net charge-off rate would have been 5.68%.

These metrics provide insight into the performance of Capital One's loans and the management of credit risk. As a result of these announcements, the company's shares have moved -0.5% on the market, and are now trading at a price of $183.53. If you want to know more, read the company's complete 8-K report here.

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