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

Core Insights - Citigroup Inc.'s subsidiary, Citibank N.A., reported mixed performance in credit card metrics for August 2025, with improved delinquency rates but an increase in net charge-offs [1][9]. Delinquency Rates - The delinquency rate for Citibank's Credit Card Master Trust decreased to 1.36% in August 2025 from 1.42% in July 2025 and 1.46% in August 2024, also lower than the 1.53% recorded in August 2019 [2][9]. Net Charge-Off Rates - The net charge-off rate for the Credit Card Issuance Trust rose to 2.38% in August 2025 from 2.07% in July 2025, remaining flat compared to the previous year but lower than the 2.62% in August 2019 [3][9]. Credit Card Lending Activity - Citibank's credit card lending activity showed modest growth, with principal receivables increasing to $20.8 billion in August 2025 from $20.7 billion in July 2025, although this figure is down from $22.4 billion in August 2024, indicating a slowdown in year-over-year consumer borrowing [4][9]. Stock Performance - Citigroup's shares have increased by 42.7% over the past six months, outperforming the industry growth of 30% [5]. Zacks Rank - Citigroup currently holds a Zacks Rank of 3 (Hold) [6]. Comparison with Other Banks - Bank of America reported mixed credit card metrics in August 2025, with a delinquency rate of 1.36% and a net charge-off rate of 2.41% [7][10]. - JPMorgan Chase's credit card trust showed lower delinquencies at 0.83% but higher charge-offs at 1.78% in August 2025 [10].