8-K: Capital One Monthly Credit Metrics: September 2026

Capital One Financial Corporation has released its monthly charge-off and delinquency metrics for September 2026, indicating stable credit performance with specific figures for credit card and consumer banking loan portfolios.

Summary

• Capital One Financial Corporation has provided its monthly charge-off and delinquency metrics for the period ending September 30, 2026.
• The data covers loans held for investment, detailing net charge-offs, 30+ day performing delinquencies, and nonperforming loans.
• For the Credit Card segment (Domestic), average loans were $257,744 million and period-end loans were $260,252 million.
• Net charge-offs for Credit Card were $787 million, resulting in a net charge-off rate of 3.66% on an annualized basis.
• 30+ day performing delinquencies for Credit Card were $9,741 million, representing a rate of 3.74%.
• For Consumer Banking Auto loans, average loans were $92,450 million and period-end loans were $92,901 million.
• Net charge-offs for Auto loans were $125 million, with a net charge-off rate of 1.62%.
• 30+ day performing delinquencies for Auto loans were $4,314 million, representing a rate of 4.64%.
• Nonperforming loans for Auto loans were $603 million, with a rate of 0.65%.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative sentiment due to the disclosure of monthly credit metrics, which show stable but present charge-offs and delinquencies, without significant positive catalysts.

Positives

• The net charge-off rate for Auto loans (1.62%) is relatively low.
• The nonperforming loan rate for Auto loans (0.65%) is also at a manageable level.

Negatives

• The net charge-off rate for Credit Card (3.66%) indicates ongoing credit losses within this segment.
• The 30+ day performing delinquency rate for Credit Card (3.74%) suggests a notable portion of the portfolio is nearing or in default.
• The 30+ day performing delinquency rate for Auto loans (4.64%) is higher than the net charge-off rate, indicating potential future charge-offs.

Risks

• The disclosed charge-off and delinquency rates, particularly for the credit card segment, could indicate potential future credit losses if trends worsen.
• Fluctuations in recoveries, including impacts of debt sales, can periodically affect net charge-off rates, introducing variability.

Future Outlook

No specific forward-looking statements or guidance were provided in this filing; it solely presents historical monthly credit metrics.

Industry Context

StockSavvy.ai notes that the disclosure of monthly credit metrics is a common practice for large financial institutions, especially in the current economic climate where credit quality is under scrutiny. The reported figures for Capital One provide a snapshot of their credit performance, which will be compared against industry peers and broader economic trends.

Comparison to Industry Standards

• Industry benchmarks for net charge-off rates in credit cards can vary significantly but rates above 3% warrant close monitoring.
• For auto loans, net charge-off rates below 2% are generally considered healthy, while delinquency rates above 5% can be a concern.
• Specific comparable companies like JPMorgan Chase, Bank of America, and Wells Fargo also report similar credit metrics, allowing for direct comparison of portfolio health and risk management strategies.

Stakeholder Impact

• Shareholders: The reported credit metrics may influence investor sentiment and stock valuation, particularly if trends indicate increasing credit risk.
• Creditors: The stability of the loan portfolio is crucial for creditors, as higher delinquencies and charge-offs could impact the company's financial health and ability to service debt.
• Customers: While not directly detailed, the metrics reflect the overall credit environment for consumers and auto borrowers.

Next Steps

• Monitor future monthly and quarterly reports for trends in charge-offs and delinquencies.
• Analyze the impact of economic conditions on Capital One's credit portfolio performance.

Key Dates

Recommendation

The filing presents standard monthly credit metrics that show stable, albeit present, levels of charge-offs and delinquencies. There are no significant positive or negative surprises that would warrant a change in investment stance. The data is informational and requires further context from quarterly earnings reports and broader economic analysis.

Keywords

charge-off metrics, delinquency metrics, credit card, auto loans, consumer banking, loans held for investment, credit risk, September 2026