Capital One Financial Corp. reported delinquencies rose in August compared with July for both its U.S. and international credit card operations.
The company's 30-day delinquency rate for U.S. cards rose to 3.24% in August from 3.18% in July, according to a filing with the Securities and Exchange Commission. At its international credit card business, the rate increased to 3.83% from 3.77% a month earlier.
Chargeoffs for Capital One's U.S. card business climbed to 3.85% from 3.76% in July. Internationally, the rate jumped to 4.94% from 4.68% a month earlier.
Elsewhere, auto financing chargeoffs increased to 2.06% from 1.92% while auto-loan delinquencies slipped to 6.14% from 6.39%.
Capital One reported in July that its second-quarter profit soared from a year earlier as the card lender's provision for credit losses fell and revenue increased slightly.
