AmEx reports Q4 2024 credit stats: Consumer write-off rate 2.1%, Small Business 2.3%; reclassifies $758M Lowe's loans

AMERICAN EXPRESS CO

Total U.S. Consumer and Small Business loans $122.2B at Dec 31, up from $120B in Nov.
U.S. Consumer net write-off rate (principal only) Q4 2024: 2.1%; Nov 2.0%, Oct 2.4%.
U.S. Small Business net write-off rate (principal only) Q4 2024: 2.3%; Nov 2.3%, Oct 2.2%.
Reclassified $758M of Lowe's small business cobrand loans to held for sale effective Dec 1, 2024.
30+ days past due steady at 1.4% (Consumer) and 1.5% (Small Business) across all months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.