74 annotations
As in previous compensation plans for Mr. Fairbank, the 2024 compensation plan does not provide for a cash salary.
(No comment added)
8-K
20 Mar 24
deferred cash bonus in the amount of $5.0 million.
(No comment added)
8-K
20 Mar 24
value of $4.7 million
(No comment added)
8-K
20 Mar 24
$16.8 million
(No comment added)
8-K
20 Mar 24
Mr. Fairbank totaling $26.5 million
(No comment added)
8-K
20 Mar 24
Domestic Card business
(No comment added)
Transcript
2023 Q4
28 Jan 24
Our percentage of FDIC insured deposits grew to 82% of total deposits in the fourth quarter.
(No comment added)
Transcript
2023 Q4
28 Jan 24
The allowance decreased by $37 million, primarily driven by the charge-offs of office real estate loans in the quarter.
(No comment added)
Transcript
2023 Q4
28 Jan 24
Our fourth quarter net interest margin was 6.73%, 4 basis points higher than last quarter and 11 basis points lower than the year ago quarter. The quarter-over-quarter increase in NIM was largely driven by a continued mix shift towards card loans and higher asset yields, partially offset by higher rate paid on deposits.
(No comment added)
Transcript
2023 Q4
28 Jan 24
For the month of December, the charge-off rate was 5.78%
(No comment added)
Transcript
2023 Q4
28 Jan 24
On a sequential quarter basis, the charge-off rate was up 95 basis points, and the 30-plus delinquency rate was up 30 basis points.
(No comment added)
Transcript
2023 Q4
28 Jan 24
The charge-off rate for the quarter was up 213 basis points year-over-year to 5.35%. The 30-plus delinquency rate at quarter end increased 118 basis points from the prior year to 4.61%.
(No comment added)
Transcript
2023 Q4
28 Jan 24
charge-offs are finally moving more or less with seasonality over the near term
(No comment added)
Transcript
2023 Q4
28 Jan 24
we believe the charge-off rate is stabilizing now and settling out to about 15% above 2019 levels
(No comment added)
Transcript
2023 Q4
28 Jan 24
Charge-off rate tends to follow delinquency rate by about 3 to 6 months.
(No comment added)
Transcript
2023 Q4
28 Jan 24
as delinquency entries in December indicate continuing delinquency rate stability in January
(No comment added)
Transcript
2023 Q4
28 Jan 24
Since August, our monthly delinquency rate has been moving in line with normal seasonality
(No comment added)
Transcript
2023 Q4
28 Jan 24
The 30-plus delinquency rate has been stable on a seasonally adjusted basis for a number of months now
(No comment added)
Transcript
2023 Q4
28 Jan 24
The charge-off rate for the quarter was up 220 basis points year-over-year to 4.4%. The 30-plus delinquency rate at quarter end increased 134 basis points from the prior year to 4.31%. On a sequential quarter basis, the charge-off rate was essentially flat and the 30-plus delinquency rate was up 57 basis points. Both the monthly delinquency rate and the monthly charge-off rate are now modestly above 2019 levels.
Our delinquencies are the best leading indicator of domestic card credit performance and the pace of delinquency rate normalization is slowing.
(No comment added)
Transcript
2023 Q3
29 Oct 23
the biggest effect on the moderating side has been in the lower end of the market
(No comment added)
Transcript
2023 Q3
29 Oct 23