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Citigroup Inc. reported mixed credit card performance for October 2025, with Citibank N.A. seeing a delinquency rate of 1.42%, up from 1.38% in September 2025, but down from 1.52% in October 2024. The charge-off rate dropped to 1.95% from 2.50% month-over-month and decreased from 2.36% year-over-year. Principal receivables were $20.2 billion, reflecting a 6.9% decline compared to the previous year.
Citigroup anticipates net credit losses (NCL) in its Branded Cards portfolio to range between 3.50% and 4% for 2025. In the first nine months of 2025, NCL rose 2.2% year-over-year. The company experienced a compounded annual growth rate of 38.9% in provisions for credit losses from 2022 to 2024. Should economic conditions deteriorate further, higher loan-loss provisions could pressure earnings.
In comparison, Bank of America reported a delinquency rate of 1.38% and a charge-off rate of 2.11% for October 2025, while JPMorgan Chase’s delinquency increased slightly to 0.88%, with a charge-off rate of 1.44%.
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