C's January Card Delinquencies Rise: How it Will Impact Asset Quality?

Key Takeaways Citigroup reported a January delinquency rate of 1.46%, up from December but below prior-year levels.Net charge-offs fell to 2.03%, while receivables declined sequentially and year over year.Management sees 2026 NCL for Branded Cards at 3.50%-4%, signaling ongoing credit normalization pressure.Citigroup Inc.’s (C) subsidiary, Citibank N.A., reported mixed credit card performance for January 2026 in its latest SEC filing. For the period ending January 2026, the Citibank Credit Card Master Trust ...