Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K OF AMERICAN EXPRESS COMPANY - AMERICAN EXPRESS CO | creditstatapril2016.htm |
|
U.S. Card Member Loans
|
Exhibit 99.1
|
|
Ending U.S. Card Member loans:
|
Jan. 31,
2015
|
Feb. 28,
2015
|
Mar. 31,
2015
|
Apr. 30,
2015
|
May 31,
2015
|
Jun. 30,
2015
|
Jul. 31,
2015
|
Aug. 31,
2015
|
Sept. 30,
2015
|
Oct. 31,
2015
|
Nov. 30,
2015
|
Dec. 31,
2015
|
Jan. 31,
2016
|
Feb. 29,
2016
|
(Preliminary)
Mar. 31,2016
|
|||||||||||||||||||||||||||||||||||||||||||||
|
U.S. Consumer
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans held for investment
|
$
|
50,915
|
$
|
49,151
|
$
|
50,261
|
$
|
50,536
|
$
|
51,821
|
$
|
51,812
|
$
|
51,851
|
$
|
52,661
|
$
|
52,160
|
$
|
52,551
|
$
|
53,818
|
$
|
43,496
|
$
|
42,474
|
$
|
41,697
|
$
|
42,432
|
||||||||||||||||||||||||||||||
|
Loans held for investment related to Costco and JetBlue*
|
12,509
|
11,869
|
12,236
|
12,231
|
12,648
|
12,582
|
12,476
|
12,579
|
12,164
|
12,055
|
12,329
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total loans held for investment excluding loans related to Costco and JetBlue
|
$
|
38,406
|
$
|
37,282
|
$
|
38,024
|
$
|
38,305
|
$
|
39,173
|
$
|
39,230
|
$
|
39,375
|
$
|
40,082
|
$
|
39,996
|
$
|
40,496
|
$
|
41,489
|
$
|
43,496
|
$
|
42,474
|
$
|
41,697
|
$
|
42,432
|
||||||||||||||||||||||||||||||
|
Total loans held for investment, growth versus prior year
|
8
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
6
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
(18)
|
%
|
(17)
|
%
|
(15)
|
%
|
(16)
|
%
|
||||||||||||||||||||||||||||||
|
Total loans held for investment excluding loans related to Costco and JetBlue, growth versus prior year
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
8
|
%
|
8
|
%
|
9
|
%
|
9
|
%
|
10
|
%
|
11
|
%
|
12
|
%
|
12
|
%
|
||||||||||||||||||||||||||||||
|
Loans held for sale related to Costco and JetBlue*
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
12,755
|
$
|
11,789
|
$
|
10,901
|
$
|
9,745
|
||||||||||||||||||||||||||||||
* Note: Costco and JetBlue loans reclassified as held for sale as of December 2015. On March 18, 2016, the sale of the JetBlue portfolio was completed.
-1-
|
Ending U.S. Card
Member loans:
|
Jan. 31,
2015
|
Feb. 28,
2015
|
Mar. 31,
2015
|
Apr. 30,
2015
|
May 31,
2015
|
Jun. 30,
2015
|
Jul. 31,
2015
|
Aug. 31,
2015
|
Sept. 30,
2015
|
Oct. 31,
2015
|
Nov. 30,
2015
|
Dec. 31,
2015
|
Jan. 31,
2016
|
Feb. 29,
2016
|
(Preliminary)
Mar. 31,2016
|
|||||||||||||||||||||||||||||||||||||||||||||
|
U.S. Small Business
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans held for investment
|
$
|
9,473
|
$
|
9,378
|
$
|
9,669
|
$
|
9,765
|
$
|
10,014
|
$
|
9,919
|
$
|
9,917
|
$
|
9,970
|
$
|
9,973
|
$
|
10,195
|
$
|
10,126
|
$
|
7,951
|
$
|
8,042
|
$
|
7,970
|
$
|
8,268
|
||||||||||||||||||||||||||||||
|
Loans held for investment related to Costco and JetBlue*
|
2,346
|
2,262
|
2,359
|
2,366
|
2,446
|
2,413
|
2,387
|
2,377
|
2,292
|
2,288
|
2,295
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total loans held for investment excluding loans related to Costco and JetBlue
|
$
|
7,128
|
$
|
7,116
|
$
|
7,309
|
$
|
7,398
|
$
|
7,568
|
$
|
7,505
|
$
|
7,531
|
$
|
7,594
|
$
|
7,681
|
$
|
7,907
|
$
|
7,831
|
$
|
7,951
|
$
|
8,042
|
$
|
7,970
|
$
|
8,268
|
||||||||||||||||||||||||||||||
|
Total loans held for investment, growth versus prior year
|
9
|
%
|
9
|
%
|
9
|
%
|
8
|
%
|
9
|
%
|
9
|
%
|
9
|
%
|
8
|
%
|
9
|
%
|
10
|
%
|
8
|
%
|
(16)
|
%
|
(15)
|
%
|
(15)
|
%
|
(14)
|
%
|
||||||||||||||||||||||||||||||
|
Total loans held for investment excluding loans related to Costco and JetBlue, growth versus prior year
|
9
|
%
|
9
|
%
|
9
|
%
|
10
|
%
|
10
|
%
|
10
|
%
|
10
|
%
|
10
|
%
|
12
|
%
|
13
|
%
|
12
|
%
|
13
|
%
|
13
|
%
|
12
|
%
|
13
|
%
|
||||||||||||||||||||||||||||||
|
Loans held for sale related to Costco and JetBlue*
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
2,345
|
$
|
2,200
|
$
|
2,063
|
$
|
2,032
|
||||||||||||||||||||||||||||||
* Note: Costco and JetBlue loans reclassified as held for sale as of December 2015. On March 18, 2016, the sale of the JetBlue portfolio was completed.
-2-
|
Ending U.S. Card
Member loans:
|
Jan. 31,
2015
|
Feb. 28,
2015
|
Mar. 31,
2015
|
Apr. 30,
2015
|
May 31,
2015
|
Jun. 30,
2015
|
Jul. 31,
2015
|
Aug. 31,
2015
|
Sept. 30,
2015
|
Oct. 31,
2015
|
Nov. 30,
2015
|
Dec. 31,
2015
|
Jan. 31,
2016
|
Feb. 29,
2016
|
(Preliminary)
Mar. 31,
2016
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total U.S. Consumer and Small Business
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Loans held for investment
|
$
|
60,388
|
$
|
58,529
|
$
|
59,929
|
$
|
60,301
|
$
|
61,835
|
$
|
61,731
|
$
|
61,768
|
$
|
62,631
|
$
|
62,133
|
$
|
62,746
|
$
|
63,944
|
$
|
51,446
|
$
|
50,516
|
$
|
49,666
|
$
|
50,699
|
||||||||||||||||||||||||||||||
|
Loans held for investment related to Costco and JetBlue*
|
14,855
|
14,131
|
14,596
|
14,597
|
15,095
|
14,996
|
14,863
|
14,955
|
14,456
|
14,343
|
14,624
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total loans held for investment excluding loans related to Costco and JetBlue
|
$
|
45,533
|
$
|
44,398
|
$
|
45,334
|
$
|
45,703
|
$
|
46,740
|
$
|
46,735
|
$
|
46,905
|
$
|
47,676
|
$
|
47,677
|
$
|
48,404
|
$
|
49,320
|
$
|
51,446
|
$
|
50,516
|
$
|
49,666
|
$
|
50,699
|
||||||||||||||||||||||||||||||
|
Total loans held for investment, growth versus prior year
|
8
|
%
|
8
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
8
|
%
|
7
|
%
|
(18)
|
%
|
(16)
|
%
|
(15)
|
%
|
(15)
|
%
|
||||||||||||||||||||||||||||||
|
Total loans held for investment excluding loans related to Costco and JetBlue, growth versus prior year
|
7
|
%
|
7
|
%
|
7
|
%
|
7
|
%
|
8
|
%
|
8
|
%
|
8
|
%
|
8
|
%
|
9
|
%
|
10
|
%
|
10
|
%
|
10
|
%
|
11
|
%
|
12
|
%
|
12
|
%
|
||||||||||||||||||||||||||||||
|
Loans held for sale related to Costco and JetBlue*
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
-
|
$ |
15,100
|
$ |
13,988
|
$ |
12,964
|
$ |
11,777
|
||||||||||||||||||||||||||||||
* Note: Costco and JetBlue loans reclassified as held for sale as of December 2015. On March 18, 2016, the sale of the JetBlue portfolio was completed.
-3-
|
Delinquency and Write-off Rate Statistics:**
|
Jan. 31,
2015
|
Feb. 28,
2015
|
Mar. 31,
2015
|
Apr. 30,
2015
|
May 31,
2015
|
Jun. 30,
2015
|
Jul. 31,
2015
|
Aug. 31,
2015
|
Sept. 30,
2015
|
Oct. 31,
2015
|
Nov. 30,
2015
|
Dec. 31,
2015
|
Jan. 31,
2016
|
Feb. 29,
2016
|
(Preliminary)
Mar. 31,
2016
|
|||||||||||||||||||||||||||||||||||||||||||||
|
U.S. Consumer
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
30 days past due loans as a % of total loans
|
|
1.0
|
%
|
1.0
|
%
|
0.9
|
%
|
0.9
|
%
|
0.9
|
%
|
0.9
|
%
|
0.9
|
%
|
0.9
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
|||||||||||||||||||||||||||||
|
Net write-off rate - principal only
|
1.5
|
%
|
1.6
|
%
|
1.5
|
%
|
1.5
|
%
|
1.3
|
%
|
1.3
|
%
|
1.3
|
%
|
1.3
|
%
|
1.2
|
%
|
1.4
|
%
|
1.5
|
%
|
1.4
|
%
|
1.4
|
%
|
1.4
|
%
|
1.5
|
%
|
||||||||||||||||||||||||||||||
|
U.S. Small Business
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
30 days past due loans as a % of total loans
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
0.9
|
%
|
0.9
|
%
|
0.9
|
%
|
0.9
|
%
|
1.0
|
%
|
1.0
|
%
|
1.0
|
%
|
1.1
|
%
|
1.0
|
%
|
1.1
|
%
|
1.0
|
%
|
||||||||||||||||||||||||||||||
|
Net write-off rate - principal only
|
|
1.4
|
%
|
1.4
|
%
|
1.2
|
%
|
1.3
|
%
|
1.3
|
%
|
1.2
|
%
|
1.4
|
%
|
1.4
|
%
|
1.1
|
%
|
1.3
|
%
|
1.2
|
%
|
1.2
|
%
|
1.4
|
%
|
1.4
|
%
|
1.4
|
%
|
|||||||||||||||||||||||||||||
**All credit metrics for total loans held for investment. Costco and JetBlue loans reclassified as held for sale as of December 2015.
-4-