The Credit Card Charge-Off Reckoning
Across 1 sector, 2 filers are signaling rising disclosed risk. Visible since 2025Q2, recently cooling. Almost entirely a risk story (100%). One disclosure notes "Provisions for 2024 reflected net provisions related to the credit card portfolio (primarily driven by net charge-offs)."
Large banks are reporting that credit card portfolio net charge-offs have become the primary driver of loan loss provisions and are consuming an outsized share of total credit losses.
DISTINCT NEW FILERS PER QUARTER
✦ WHAT THE DIFF CAUGHT
Narrative shifts from backward-looking provision history to present-state acknowledgment that charge-offs are structurally concentrated in credit card products, suggesting a normalized credit headwind rather than a transient spike.
REPRESENTATIVE SIGNAL FROM FILINGS
“Provisions for 2024 reflected net provisions related to the credit card portfolio (primarily driven by net charge-offs)”
2024 provisions were primarily driven by net charge-offs in the credit card portfolio.
“the portfolio continued to improve”
The credit card portfolio continued to improve during the three-month period ended March 31, 2026.
DRIVERS