CAPITAL ONE FINANCIAL CORP - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - December 16, 2019

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Exhibit 99.1
 
Capital One Financial Corporation
Monthly Charge-Off and Delinquency Metrics
As of and for the month ended November 30, 2019
 
 
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
 
$
112,888

 
$
115,039

 
$
416

 
4.43
%
 
$
4,502

 
3.91
%
 
N/A

 
N/A

Consumer Banking:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Auto
 
59,892

 
59,917

 
88

 
1.76

 
3,858

 
6.44

 
$
431

 
0.72
%
___________________
(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, 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.
(5)  
On October 11, 2019, we completed the acquisition of the existing portfolio of Walmart’s cobrand and private label credit card receivables, which added approximately $8.1 billion to our domestic credit card loans held for investment portfolio as of the acquisition date. This acquisition reduced our November domestic credit card net charge-off rate by 34 basis points and increased our 30+ performing delinquency rate by 6 basis points as of November 30, 2019.