Capital One Financial (NYSE:COF) said in an SEC filing that its August credit card delinquency rate rose from the prior month, while its charge-off rate drifted down.
Delinquency rate increased to 3.73% from 3.67% in July. Before the pandemic, in August 2019, the card delinquency rate was 2.23%. In the prior year-month, the rate stood at 4.35%.
Meanwhile, the net charge-off rate fell to 4.70% from 4.83%. For the charge-offs, the August 2019 rate was 3.74% and the August 2024 rate was 5.82%.
Period-end loans rose to $254.7B from $254.1B at July 31.