Amex US consumer net write-off rate rises to 2.5% in Feb; small business 2.6%

AMERICAN EXPRESS CO

U.S. Consumer net write-off rate (principal only) increased to 2.5% in Feb from 2.1% in Dec 2024.
U.S. Small Business net write-off rate rose to 2.6% in Feb from 2.4% in Dec 2024.
Total Card Member loans for U.S. Consumer and SMB fell to $118.0B in Feb from $122.2B in Dec 2024.
Lending Trust annualized default rate increased to 1.8% in Feb from 1.2% in Dec 2024.
Company reclassified $758M of Lowe’s small business cobrand loans to held for sale effective Dec 1, 2024.

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