$COF · CAPITAL ONE FINANCIAL CORP

Capital One filed an 8-K under Item 7.01 (Regulation FD) disclosing monthly charge-off and delinquency metrics for August 2026. The domestic credit card portfolio — $260.6B in period-end loans — posted a 4.16% annualized net charge-off rate and a 3.57% 30+ day performing delinquency rate. The consumer banking auto segment ($91.9B period-end) reported a 1.66% net charge-off rate, 4.54% delinquency rate, and 0.62% nonperforming loan rate.

COF closed at $206.68, down 0.78% on the day and -0.31% since the filing hit during the regular session. The modest decline suggests the elevated 4.16% card charge-off rate was within or slightly worse than investor expectations for a $126.8B consumer lender.

Capital One's monthly credit metrics are a real-time pulse on U.S. consumer health; the 4.16% card charge-off rate is among the highest in recent cycles for the largest domestic card issuer.

Capital One's 4.16% card charge-off rate provides a read-through for consumer credit health across the card-issuer peer group including Discover, Synchrony, and American Express. Auto delinquency at 4.54% also flags pressure in subprime-adjacent lending.

The 4.16% domestic card net charge-off rate signals credit normalization pressure. A sustained rise in the 30+ day delinquency pipeline (3.57%) could convert into higher future charge-offs, compressing net interest margin after provisioning.