Citi credit card delinquencies, charge-offs improve in May

June 17, 2025 04:35 AM AEST | By EODHD

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Citi credit card delinquencies, charge-offs improve in May — Image source: Kalkine Media

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[Citibank Branch, Manhattan, New York] GCShutter Citi's (NYSE:C [https://seekingalpha.com/symbol/C]) credit card delinquency rate ticked down in May as its net charge-off rate improved more significantly, according to data the company released on Monday. The Citibank Credit Card Master Trust delinquency rate slipped to 1.39% from 1.41% in both April 2025 and May 2024. Compared with the pre-pandemic level of 1.57%, delinquencies still indicate a healthy consumer. The trust's net charge-off rate of 2.44% dropped from 2.70% in the prior month and 2.48% in May 2024. In May 2019, before the pandemic, the net charge-off rate was 2.83%.

Lending rose from the prior month, but remains below the year-ago level. The credit card trust's principal receivables at the end of the May period were $21.1B, up 1.0% M/M and down 7.5% Y/Y, according to the filing. [https://www.sec.gov/Archives/edgar/data/921864/000119312525141309/d933800dex99.htm] Citigroup (NYSE:C [https://seekingalpha.com/symbol/C]) stock rose 2.1% in Monday afternoon trading. MORE ON CITIGROUP * Citigroup Inc. (C) Presents at Morgan Stanley US Financials, Payments & CRE Conference 2025 Transcript [https://seekingalpha.com/article/4793727-citigroup-inc-c-presents-at-morgan-stanley-us-financials-payments-and-cre-conference-2025] * I Prefer Bank of America Over Citigroup After Berkshire Hathaway Divestitures [https://seekingalpha.com/article/4792415-prefer-bank-of-america-over-citigroup-after-berkshire-divestitures] * Citigroup: A Valuation Trap Amid Turnaround Fatigue [https://seekingalpha.com/article/4790110-citigroup-a-valuation-trap-amid-turnaround-fatigue] * Stablecoins could reshape banking, but not without disruptions [https://seekingalpha.com/news/4458206-stablecoins-could-reshape-banking-but-not-without-disruptions] * Citigroup, Carlyle to collaborate for asset-backed financing to fintech lenders [https://seekingalpha.com/news/4457927-citigroup-carlyle-collaborate-for-asset-backed-financing-to-fintech-lenders]

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