The charge-off rate, seasonally adjusted (SA), among the top 100 U.S. banks for the third quarter (3Q/16) increased 8 basis points (bps) sequentially (QTQ), and up 11 bps year-on-year (YOY).
On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 2Q/16, dropped 26 bps QTQ and up 12 bps YOY.
Compared to two years ago, the SA charge-off ratio is down 1 bps, and the NSA charge-off ratio is down 3 bps.
According to the Federal Reserve, the top 100 U.S. banks posted a SA charge-off rate of 3.07% for 3Q/16, compared to 2.99% in 2Q/16, and 2.96% for 3Q/15.
On a NSA basis the top 100 U.S. banks posted a charge-off ratio of 2.84% for 3Q/16, compared to 3.10% in 2Q/16, and 2.72% for 3Q/15.
Source: Federal Reserve; CardData
This Report is Updated Quarterly Along With 103 Other Payment Industry Analysis Reports and Is Available in CardData (subscription required)