Capital One’s loan charge-offs surge 54% in Q4

- By Lorenzo Migliorato
- 02 Feb 2023

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Capital One absorbed $1.4 billion in charge-offs during the last three months of 2022, a 54% sequential increase that bodes ill for both its loan book and US consumers’ resilience.

At 1.86%, the annualised net charge-off rate was up 62 basis points from end-September and 107bp from end-December 2021. The rate stood at a 0.67% multi-year nadir as recently as September 2021.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net