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Capital One (NYSE: COF) posts May 2026 charge-off and delinquency data

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Capital One Financial Corporation furnished an update on credit performance for the month ended May 31, 2026. The report covers loans held for investment in its domestic credit card and auto portfolios.

Domestic credit card loans averaged $254,552 million, with net charge-offs of $1,022 million, a 4.82% net charge-off rate, and $8,582 million of 30+ day performing delinquencies, a 3.33% rate. Auto loans averaged $87,337 million, with $105 million of net charge-offs (a 1.45% rate), and $3,730 million of 30+ day performing delinquencies (a 4.24% rate). Nonperforming auto loans were $549 million, a 0.62% nonperforming loan rate.

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Domestic card avg loans $254,552 million Average loans held for investment, May 2026
Domestic card net charge-offs $1,022 million (4.82%) Net charge-offs and annualized rate, May 2026
Domestic card 30+ delinquencies $8,582 million (3.33%) 30+ day performing delinquencies and rate, May 31, 2026
Auto avg loans $87,337 million Average auto loans held for investment, May 2026
Auto net charge-offs $105 million (1.45%) Auto net charge-offs and annualized rate, May 2026
Auto 30+ delinquencies $3,730 million (4.24%) 30+ day performing auto delinquencies and rate, May 31, 2026
Auto nonperforming loans $549 million (0.62%) Nonperforming auto loans and rate, May 31, 2026
Net charge-off rate financial
"Net charge-off rate is calculated by dividing annualized net charge-offs for the period by average loans held for investment"
Net charge-off rate is the percentage of outstanding loans a lender writes off as uncollectible during a period after subtracting any money later recovered. Think of it like a shop marking damaged items as total loss (then accounting for any partial refunds) — it shows how much credit a lender truly lost. Investors watch it because rising rates signal worsening borrower health, lower future profits and higher risk to a bank’s capital.
30+ day performing delinquency rate financial
"30+ day performing delinquency rate is calculated by dividing 30+ day performing delinquent loans as of the end of the period"
Nonperforming loan rate financial
"Nonperforming loan rate is calculated by dividing nonperforming loans as of the end of the period by period-end loans held for investment"
The nonperforming loan rate is the share of a lender’s loans where borrowers have stopped making agreed payments for an extended period, typically moving toward default. It matters to investors because a rising rate signals more credit problems, higher potential losses and pressure on a lender’s profits and capital — like tracking how many customers never paid their bills to judge a business’s financial health.
Loans held for investment financial
"Loans Held for Investment Net Charge-Offs 30+ Day Performing Delinquencies Nonperforming Loans (Dollars in millions, except as noted)"
Loans held for investment are loans a bank or lender plans to keep on its balance sheet and collect payments from, rather than sell to another party. Think of it like owning a rental property instead of flipping it: the owner expects steady income but also carries the risk that borrowers may stop paying, so investors watch this line to judge a lender’s interest income stability, credit quality, and liquidity needs.
billed finance charges and fees financial
"Period-end loans held for investment and average loans held for investment include billed finance charges and fees."
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________
FORM 8-K
____________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
June 12, 2026
Date of Report (Date of earliest event reported)
____________________________________
CAPITAL ONE FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
____________________________________
Delaware001-1330054-1719854
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
1680 Capital One Drive,
McLean,Virginia 22102
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (703) 720-1000
(Not applicable)
(Former name or former address, if changed since last report)
____________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)Name of Each Exchange on Which Registered
Common Stock (par value $.01 per share)COF
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series ICOF PRI
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series JCOF PRJ
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series KCOF PRK
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series LCOF PRL
New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series NCOF PRN
New York Stock Exchange
1.650% Senior Notes Due 2029COF29
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company     ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 7.01    Regulation FD Disclosure.
 
Capital One Financial Corporation (the “Company”) hereby furnishes the information in Exhibit 99.1 hereto, Monthly Charge-Off and Delinquency Metrics - As of and for the month ended May 31, 2026.
 
Note: Information in this report (including the exhibit) furnished pursuant to Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD. Furthermore, the information provided in Exhibit 99.1 shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.
 
Item 9.01    Financial Statements and Exhibits.
 
(d) Exhibits
Exhibit No.Description
99.1
Monthly Charge-Off and Delinquency Metrics - As of and for the month ended May 31, 2026
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

1




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
CAPITAL ONE FINANCIAL CORPORATION
Date: June 12, 2026
By:/s/ TIMOTHY P. GOLDEN
Timothy P. Golden
Chief Accounting Officer

2
                        

Exhibit 99.1
 
Capital One Financial Corporation
Monthly Charge-Off and Delinquency Metrics
As of and for the month ended May 31, 2026
Loans Held for InvestmentNet Charge-Offs30+ Day Performing DelinquenciesNonperforming Loans
(Dollars in millions, except as noted)AveragePeriod-EndAmount
Rate(1)
Amount
Rate(2)
Amount
Rate(3)
Credit Card:(4)
    Domestic
$254,552 $257,997 $1,022 4.82 %$8,582 3.33 %N/AN/A
Consumer Banking:
    Auto87,337 87,985 105 1.45 3,730 4.24 $549 0.62 %
___________________
(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.








Source: View Original Filing on SEC EDGAR

FAQ

What did Capital One (COF) disclose in its latest May 2026 8-K?

Capital One furnished monthly credit quality data for May 2026, including net charge-offs, 30+ day delinquencies, and nonperforming loans for domestic credit card and auto portfolios. These metrics help illustrate recent asset quality trends in its lending businesses.

What were Capital One’s May 2026 domestic credit card net charge-offs?

Domestic credit card net charge-offs were $1,022 million for May 2026, producing a 4.82% net charge-off rate on average loans of $254,552 million. This rate reflects losses after recoveries, influenced periodically by debt sales and recovery fluctuations.

How high were Capital One’s May 2026 credit card delinquencies?

Domestic credit card 30+ day performing delinquencies totaled $8,582 million at May 31, 2026, a 3.33% delinquency rate on period-end loans of $257,997 million. This measures loans more than 30 days past due but still considered performing.

What were Capital One’s May 2026 auto loan credit metrics?

Auto loans averaged $87,337 million in May 2026, with net charge-offs of $105 million, a 1.45% net charge-off rate. 30+ day performing delinquencies were $3,730 million (a 4.24% rate), and nonperforming auto loans were $549 million, a 0.62% rate.

How does Capital One define net charge-off and delinquency rates?

Net charge-off rate is annualized net charge-offs divided by average loans held for investment. The 30+ day performing delinquency rate is 30+ day performing delinquent loans at period-end divided by period-end loans, calculated separately for each loan category reported.

Does Capital One include billed finance charges in its May 2026 credit card loan metrics?

Yes. For open-ended domestic credit card loans, both period-end and average loans held for investment include billed finance charges and fees. Uncollectible billed charges reduce revenue instead of being treated as net charge-offs, affecting how loss and revenue figures are reported.

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