Citigroup's Card Delinquencies Decline, Charge-Offs Increase in August

Citigroup Inc.’s C subsidiary, Citibank N.A., reported mixed performance in its credit card metrics for August 2025 in a recent SEC filing. While delinquency rates improved compared with the prior month and year-ago period, net charge-offs witnessed an uptick.

For the period ending August 2025, the Citibank Credit Card Master Trust delinquency rate declined to 1.36% from 1.42% in July 2025 and 1.46% in August 2024. The latest figure also compares favorably with the 1.53% level recorded in August 2019, before the onset of the COVID-19 pandemic.

In contrast, the Credit Card Issuance Trust’s net charge-off rate climbed to 2.38% in August 2025 from 2.07% in July 2025. The figure was flat compared with 2.38% in the prior year but still lower than the 2.62% recorded in August 2019.

Citibank’s Credit Card Lending Shows Sequential Growth

Citibank’s credit card lending activity saw modest expansion during the month. Principal receivables grew to $20.8 billion as of August 2025 from $20.7 billion at the start of the previous month. However, the figure marked a decline from $22.4 billion reported in August 2024, indicating some slowdown in year-over-year consumer borrowing activity.

Citigroup’s Price Performance & Zacks Rank

Shares of Citigroup have gained 42.7% over the past six months compared with the industry’s growth of 30%.

Currently, C carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Banks in Card Delinquency

Bank of America’s BAC credit card metrics were mixed in August 2025, with delinquencies easing slightly but net charge-offs trending higher. The BA Master Credit Card Trust II’s delinquency rate stood at 1.36% in August, down from 1.43% a year earlier.

The net charge-off rate of BAC was 2.41% in August compared with 2.48% in August 2024.

JPMorgan Chase & Co.’s JPM credit card trust performance in August 2025 reflected lower delinquencies but higher charge-offs. The Chase Issuance Trust’s delinquency rate slipped to 0.83% in August from 0.84% in August 2024.

In contrast, the net charge-off rate of JPM rose to 1.78% in August from 1.64% in the prior year.

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This article originally published on Zacks Investment Research (zacks.com).

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