Net charge-off rates increased in several loan segments for U.S. banks during the third quarter, according to S&P Global Market Intelligence: The C&I net charge-off rate rose 8 bps quarter-over-quarter to 0.56%, the farm loan net charge-off rate rose 11 bps to 0.12% (a multiyear high), and the auto loan net charge-off rate rose 18 bps to 1.17% (the highest sequential increase). The credit card net charge-off rate fell 34 bps to 4.48% but was up 91 bps year-over-year. Nonperforming loan ratios increased across several segments as well.
Another S&P post discussed how concerns about CRE stress appears to be fading despite a rise in delinquencies.
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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