Capital One Discloses December 2024 Charge-Off and Delinquency Metrics

Details

For credit card loans, the net charge-off rate was 6.28%, with domestic loans showing a rate of 5.86% excluding the impact of the terminated Walmart program agreement. Auto loans had a net charge-off rate of 2.54%. The 30+ day performing delinquency rate for credit card loans was 4.53%, and for auto loans, it was 5.95%. The nonperforming loan rate for auto loans was 0.98%. These metrics are provided as part of the Regulation FD Disclosure under Item 7.01 and are not deemed filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.

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About Capital One Financial Corporation

Capital One Financial Corporation is a prominent American financial services company known for its specialization in credit card, auto loan, banking, and savings accounts. Headquartered in McLean, Virginia, it stands as one of the largest banks in the United States and is a crucial player in the retail and commercial banking space. Capital One's primary function is to provide comprehensive financial solutions to both consumers and businesses, leveraging technology and analytics to enhance customer experience and operational efficiency. It has a significant presence in the credit card markets, often recognized for imaginative and innovative reward programs. The company impacts various sectors, including personal finance, small business, and automotive finance, positioning itself strategically across competitive loan markets. Capital One also maintains a robust digital platform, reflecting its commitment to harnessing technological advancements and simplifying banking processes for users. By offering a diverse range of products and services, Capital One Financial Corporation plays a pivotal role in shaping the financial behavior of millions of customers while contributing to the broader banking industry's evolution.