We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Citigroup's Card Delinquencies Stable, Charge-Offs Rise in February
Read MoreHide Full Article
Key Takeaways
Citigroup's February credit card delinquency rate stayed stable at 1.46%.
Net charge-offs for Citibank credit cards rose to 2.19% in February 2026.
Principal receivables fell to $19.3B, down from $19.9B in January 2026.
Citigroup Inc.’s (C - Free Report) subsidiary, Citibank N.A., has reported mixed performance in its credit card metrics for February 2026 in a recent SEC filing. While delinquency rates remained stable compared with the prior month and slightly declined year over year, net charge-offs witnessed an uptick.
For the period ending February 2026, the Citibank Credit Card Master Trust delinquency rate remained stable at 1.46%, unchanged from January 2026 and down from 1.47% in February 2025. The latest figure also compares unfavorably with the 1.58% level recorded in February 2020, before the COVID-19 pandemic disrupted economic activity.
Meanwhile, the Credit Card Issuance Trust’s net charge-off rate climbed to 2.19% in February 2026 from 2.03% in January 2026. The figure remained lower than both 2.28% in the prior year and 2.49% recorded in February 2020.
Citibank’s credit card lending activity saw a modest decline during the month. Principal receivables declined to $19.3 billion as of February 2026 from $19.9 billion at the start of the previous month. The figure marked a decline from $21.2 billion reported in February 2025, indicating some slowdown in year-over-year consumer borrowing activity.
Citigroup’s Price Performance & Zacks Rank
Shares of Citigroup have gained 7.7% over the past six months against the industry’s decline of 5.5%.
Bank of America’s (BAC - Free Report) credit card metrics were mixed in February 2026, with delinquencies easing slightly and net charge-offs trending lower. The BA Master Credit Card Trust II’s delinquency rate stood at 1.43% in February, down from 1.51% a year earlier.
The net charge-off rate of BAC was 2.26% in February compared with 2.50% in February 2025.
JPMorgan Chase & Co.’s (JPM - Free Report) credit card trust performance in February 2026 reflected lower charge-offs but higher delinquencies. The Chase Issuance Trust’s delinquency rate increased to 0.92% in February from 0.91% in February 2025.
In contrast, the net charge-off rate of JPM declined to 1.66% in February 2026 from 1.68% in the prior year.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Citigroup's Card Delinquencies Stable, Charge-Offs Rise in February
Key Takeaways
Citigroup Inc.’s (C - Free Report) subsidiary, Citibank N.A., has reported mixed performance in its credit card metrics for February 2026 in a recent SEC filing. While delinquency rates remained stable compared with the prior month and slightly declined year over year, net charge-offs witnessed an uptick.
For the period ending February 2026, the Citibank Credit Card Master Trust delinquency rate remained stable at 1.46%, unchanged from January 2026 and down from 1.47% in February 2025. The latest figure also compares unfavorably with the 1.58% level recorded in February 2020, before the COVID-19 pandemic disrupted economic activity.
Meanwhile, the Credit Card Issuance Trust’s net charge-off rate climbed to 2.19% in February 2026 from 2.03% in January 2026. The figure remained lower than both 2.28% in the prior year and 2.49% recorded in February 2020.
Citibank’s Credit Card Lending Shows Sequential Decline
Citibank’s credit card lending activity saw a modest decline during the month. Principal receivables declined to $19.3 billion as of February 2026 from $19.9 billion at the start of the previous month. The figure marked a decline from $21.2 billion reported in February 2025, indicating some slowdown in year-over-year consumer borrowing activity.
Citigroup’s Price Performance & Zacks Rank
Shares of Citigroup have gained 7.7% over the past six months against the industry’s decline of 5.5%.
Currently, C carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Banks in Card Delinquency
Bank of America’s (BAC - Free Report) credit card metrics were mixed in February 2026, with delinquencies easing slightly and net charge-offs trending lower. The BA Master Credit Card Trust II’s delinquency rate stood at 1.43% in February, down from 1.51% a year earlier.
The net charge-off rate of BAC was 2.26% in February compared with 2.50% in February 2025.
JPMorgan Chase & Co.’s (JPM - Free Report) credit card trust performance in February 2026 reflected lower charge-offs but higher delinquencies. The Chase Issuance Trust’s delinquency rate increased to 0.92% in February from 0.91% in February 2025.
In contrast, the net charge-off rate of JPM declined to 1.66% in February 2026 from 1.68% in the prior year.