Citigroup's Card Delinquencies Decline, Charge-Offs Rise in May

Citigroup Inc.’s C subsidiary, Citibank N.A., has reported mixed performance in its credit card metrics for May 2026 in a recent SEC filing. While delinquency rates improved compared with the prior month, net charge-offs witnessed an uptick.

For May 2026, the Citibank Credit Card Master Trust delinquency rate declined to 1.29% from 1.40% in April 2026 and 1.39% in May 2025. The latest figure also compares favorably with the 1.57% level recorded in April 2019, before the onset of the COVID-19 pandemic.

In contrast, the Credit Card Issuance Trust’s net charge-off rate rose to 2.28% in May 2026 from 2.11% in April 2026. However, the figure remained lower than both 2.33% in the prior year and 2.74% recorded in May 2019.

Citibank’s Credit Card Lending Shows Sequential Decline

Citibank’s credit card lending activity saw a modest decline during the month. Principal receivables declined slightly to $19.4 billion as of May 2026 from $19.5 billion at the start of the previous month. The figure also marked a decline from $21.1 billion reported in May 2025, indicating some slowdown in year-over-year consumer borrowing activity.

Citigroup’s Price Performance & Zacks Rank

Shares of Citigroup have gained 26.7% over the past six months compared with the industry’s growth of 7.2%.

Image Source: Zacks Investment Research

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 credit card metrics improved year over year in May 2026, driven by lower delinquency rates and net charge-offs. The BA Master Credit Card Trust II’s delinquency rate stood at 1.30% in May, down from 1.37% a year earlier.

The net charge-off rate of BAC was 2.19% in May 2026 compared with 2.44% in May 2025.

JPMorgan Chase & Co.’s JPM credit card trust performance in May 2026 reflected lower delinquencies and net charge-off rates. The Chase Issuance Trust’s delinquency rate decreased to 0.82% in May from 0.85% in May 2025.

Meanwhile, the net charge-off rate of JPM decreased to 1.73% in May 2026 from 1.84% in the prior year.

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This article originally published on Zacks Investment Research (zacks.com).

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