U.S. credit card delinquencies fell in March at Capital One Financial Corp. compared with a month earlier.
The 30-day delinquency rate for U.S. cards dropped to 3.37% last month from 3.68% in February, according to a filing with the Securities and Exchange Commission. Delinquencies for the company's international credit card business also showed a slight decline, edging down to 4.04% in March from 4.07% in February.
Chargeoffs in the U.S. card business rose to 4.69% in March from 4.27% in February. Internationally, the rate jumped to 4.86% from 4.54% a month earlier.
Auto loan delinquencies fell to 5.58% in March from 5.87% in February. Auto financing chargeoffs were down to 1.27% from 1.59%.
Capital One reported in January its fourth-quarter earnings surged as net revenue jumped 39%, though earnings and revenue missed analysts' expectations owing to higher loan-loss provisions and operating expenses.