Exhibit 99.1
Capital One Financial Corporation
Monthly Charge-Off and Delinquency Metrics
As of and for the month ended August 31, 2022
Loans Held for Investment | Net Charge-Offs | 30+ Day Performing Delinquencies | Nonperforming Loans | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in millions, except as noted) | Average | Period-End | Amount | Rate(1) | Amount | Rate(2) | Amount | Rate(3) | ||||||||||||||||||||||||||||||||||||||||||
Credit Card:(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Domestic | $ | 117,932 | $ | 120,478 | $ | 198 | 2.02 | % | $ | 3,322 | 2.76 | % | N/A | N/A | ||||||||||||||||||||||||||||||||||||
Consumer Banking: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Auto | 79,725 | 79,711 | 75 | 1.13 | 4,013 | 5.03 | $ | 463 | 0.58 | % |
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(1)Net charge-off rate is calculated by dividing annualized net charge-offs for the period by average loans held for investment during the period for the specified loan category. Net charge-offs and the net charge-off rate are impacted periodically by fluctuations in recoveries, including impacts of debt sales.
(2)30+ day performing delinquency rate is 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.
(3)Nonperforming loan rate is calculated by dividing nonperforming loans as of the end of the period by period-end loans held for investment for the specified loan category.
(4)Period-end loans held for investment and average loans held for investment include billed finance charges and fees. 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. Billed finance charges and fees that are ultimately uncollectible are reflected as a reduction in revenue and not included in our net charge-offs.
(5)In August 2022, in addition to our normal recovery activity, we sold a pool of charged-off loans that resulted in elevated debt sale recovery activity of approximately $33 million, which decreased the Domestic Credit Card net charge-off rate for August by approximately 33 basis points. Excluding this impact, the Domestic Credit Card net charge-off rate would have been 2.35% for August 2022.