AmEx reports April credit metrics: U.S. Consumer net write-off rate declines to 2.0%

AMERICAN EXPRESS CO

U.S. Consumer total loans $90.7B; 30+ day delinquencies steady at 1.4%; net write-off rate fell to 2.0% from 2.5% in Feb.
U.S. Small Business total loans $31.6B; 30+ day delinquencies at 1.6%; net write-off rate improved to 2.4% from 2.6%.
Total loans (Consumer + Small Business) $122.3B at April 30, up from $118.0B at Feb 28.
Lending Trust annualized default rate (net) improved to 1.3% in April vs 1.8% in February; delinquencies flat at $0.2B.
Lowe's small business cobrand loans reclassified to held-for-sale since Dec 2024; excluded from loan table.

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