Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CAPITAL ONE FINANCIAL CORP | creditmetrics.htm |
Exhibit 99.1
Capital One Financial Corporation
Monthly Charge-off and Delinquency Statistics
As of and for the month ended January 31, 2014
(Dollars in millions)
Domestic Card Metrics(1) | January 2014 | ||
Net principal charge-offs | $ | 242 | |
Average loans held for investment | 71,849 | ||
Net charge-off rate(2) | 4.04 | % | |
30+ day performing delinquencies | $ | 2,481 | |
Period-end loans held for investment | 70,917 | ||
30+ day performing delinquency rate(3) | 3.50 | % | |
International Card Metrics(1) | |||
Net principal charge-offs | $ | 31 | |
Average loans held for investment | 7,907 | ||
Net charge-off rate(2) | 4.64 | % | |
30+ day performing delinquencies | $ | 281 | |
Nonperforming loans | 83 | ||
Period-end loans held for investment | 7,613 | ||
30+ day performing delinquency rate(3) | 3.69 | % | |
Nonperforming loan rate(4) | 1.09 | ||
Auto Finance Metrics | |||
Net principal charge-offs(5) | $ | 65 | |
Average loans held for investment | 32,054 | ||
Net charge-off rate(2)(5) | 2.42 | % | |
30+ day performing delinquencies | $ | 2,093 | |
Nonperforming loans | 164 | ||
Period-end loans held for investment | 32,189 | ||
30+ day performing delinquency rate(3) | 6.50 | % | |
Nonperforming loan rate(4) | 0.51 | ||
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(1) | Period-end loans held for investment and average loans held for investment include accrued finance charges and fees, net of the estimated uncollectible amount. We recognize billed finance charges and fee income on open-ended loans in accordance with the contractual provisions of the credit arrangements and estimate the uncollectible amount on a quarterly basis. The estimated uncollectible amount of billed finance charges and fees is reflected as a reduction in revenue and is not included in our net charge-offs. |
(2) | Calculated by dividing annualized net charge-offs for the period by average loans held for investment during the period for the specified loan category. |
(3) | Calculated by dividing 30+ day performing delinquent loans as of the end of the period by period-end loans held for investment for the specified loan category. |
(4) | Calculated by dividing nonperforming loans as of the end of the period by period-end loans held for investment for the specified loan category. |
(5) | Effective January 1, 2014, auto repossession costs are reflected as a component of Operating Expenses. Prior to January 1, 2014, these costs were reported as a component of net charge-offs. For January 2014, the impact of excluding auto repossession costs from net charge-off rate was 12 bps, which is also the approximate monthly impact over the last two years. |