Capital One credit card charge-offs, delinquencies dip in May
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Capital One Financial (NYSE:COF) credit card delinquencies and net charge-offs both declined in May, indicating that consumers’ household finances still remain relatively healthy.
Its credit card delinquency rate fell to 3.85% from 3.95% in April and dipped from 4.13% in May 2024. Compared with pre-pandemic times, the measure rose from 3.29% in May 2019.
Capital One’s (NYSE:COF) net charge-off rate fell to 5.57% from 5.66% in April and from 6.13% in the year-ago month. The print remains elevated from 4.89% in May 2019.
Capital One completed its acquisition of Discover Financial on May 18, 2025. However, the data that Capital One (COF) disclosed in its 8-K only includes legacy Capital One metrics, the company said.
The company increased lending in May, with loans held for investment rising 1.2% M/M and 4.5% Y.Y to $152.4B.
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