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American Express | 8-K: American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-Off Rate Statistics

American Express | 8-K: American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-Off Rate Statistics

美国运通 | 8-K:美国运通的美国消费者和美国小企业拖欠率和核销率统计
美股SEC公告 ·  2024/06/18 00:05

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American Express disclosed its U.S. Consumer and Small Business Card Member lending portfolio statistics for May 2024. Total Card Member loans reached $112.2B, with U.S. Consumer loans at $84.0B and Small Business loans at $28.2B.The delinquency rates for loans 30 days past due remained stable, with U.S. Consumer cards at 1.3% (down from 1.4% in April) and Small Business cards steady at 1.4%. The net write-off rate for Consumer cards improved to 2.4% from 2.5%, while Small Business write-offs increased to 2.5% from 2.2%.The American Express Credit Account Master Trust, representing a portion of the total portfolio, reported an annualized default rate of 1.4% for May 2024, improving from 1.6% in April. The Trust's total principal balance stood at $25.8B with $0.2B in 30+ days delinquent accounts.
American Express disclosed its U.S. Consumer and Small Business Card Member lending portfolio statistics for May 2024. Total Card Member loans reached $112.2B, with U.S. Consumer loans at $84.0B and Small Business loans at $28.2B.The delinquency rates for loans 30 days past due remained stable, with U.S. Consumer cards at 1.3% (down from 1.4% in April) and Small Business cards steady at 1.4%. The net write-off rate for Consumer cards improved to 2.4% from 2.5%, while Small Business write-offs increased to 2.5% from 2.2%.The American Express Credit Account Master Trust, representing a portion of the total portfolio, reported an annualized default rate of 1.4% for May 2024, improving from 1.6% in April. The Trust's total principal balance stood at $25.8B with $0.2B in 30+ days delinquent accounts.
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