Capital One COF Reports Decreasing Credit Card Charge-offs

By Tamara Parker • Monday, March 17 15:15 • Permanent Link

Capital One Financial Corporation has released its monthly charge-off and delinquency metrics as of February 28, 2025. In the credit card category, the net charge-off amount decreased from $790 million to $714 million, while the net charge-off rate rose from 6.35% to 4.52% compared to the previous period. The 30+ day performing delinquency rate also decreased from the previous period, dropping from an unspecified rate to 4.52%. However, the nonperforming loan rate and amount remained N/A.

In the consumer banking category for auto loans, the net charge-off amount increased from $95 million to $863 million, and the net charge-off rate rose from 1.48% to 5.02%. The 30+ day performing delinquency rate decreased from the previous period, dropping from an unspecified rate to 0.83%. The nonperforming loan amount decreased from $642 million to N/A, while the nonperforming loan rate remained unchanged at 0.83%. Today the company's shares have moved -4.8% to a price of $163.56. Check out the company's full 8-K submission here.

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