The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/18) increased seven basis points (bps) sequentially (Q2Q), and flat year-on-year (YOY).
On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 2Q/18, decreased 19 bps Q2Q and down 19 bps YOY.
Compared to two years ago, the SA delinquency ratio is up 27 bps, and the NSA delinquency ratio is up 23 bps.
According to the Federal Reserve, the top 100 U.S. banks posted a 30+ day SA delinquency rate of 2.47% for 2Q/18, compared to 2.54% in 1Q/18, and 2.47% for 2Q/17.
On a NSA basis the top 100 U.S. banks posted a 30+ day delinquency rate of 2.29% for 2Q/18, compared to 2.48% in 1Q/18, and 2.31% for 2Q/17.
Average early stage delinquency (30+ days) for the second quarter (2Q/18), among the nation’s Top 4 issuers, decreased 17 basis points sequentially, and declined YOY by 4 bps.
Delinquency (SA)
1Q/15: 2.12%
2Q/15: 2.12%
3Q/15: 2.15%
4Q/15: 2.16%
1Q/16: 2.15%
2Q/16: 2.20%
3Q/16: 2.29%
4Q/16: 2.37%
1Q/17: 2.42%
2Q/17: 2.47%
3Q/17: 2.52%
4Q/17: 2.48%
1Q/18: 2.54%
2Q/18: 2.47%
Delinquency (NSA)
1Q/15: 2.08%
2Q/15: 1.95%
3Q/15: 2.11%
4Q/15: 2.21%
1Q/16: 2.14%
2Q/16: 2.06%
3Q/16: 2.30%
4Q/16: 2.41%
1Q/17: 2.39%
2Q/17: 2.31%
3Q/17: 2.52%
4Q/17: 2.51%
1Q/18: 2.48%
2Q/18: 2.29%
Source: Federal Reserve; RAM Research; CardData
