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Capital One Financial’s (NYSE:COF) domestic credit card delinquency rate and net charge-off rate increased in August vs. July, the company disclosed in a recent SEC filing.
The delinquency rate of 4.35% rose from 4.28% in the previous month and 4.09% a year earlier. It remained well above August 2019’s rate of 3.49%.
The net charge-off rate also advanced to 5.82% from 5.79% in July. It compares with 4.55% in August 2023 and 4.25% five years ago, before the pandemic disrupted the economy.
Lending activity increased, with $149.4B of loans held for investment rising from $148.6B in July and $140.1B in the year-ago period.
