AmEx reports Q1 2026 US consumer loan net write-off rate 2.0%; small business 2.8%

AMERICAN EXPRESS CO

Consumer loans 30+ days past due stable at 1.4% for three months ended March 31.
Consumer net write-off rate (principal only) 2.2% in March vs 2.0% in Feb and 1.9% in Jan.
Small business net write-off rate 2.9% in March (2.8% for Q1); past due 1.7%.
Total US consumer and small business loans $129.7B at March 31, up from $126.4B at Feb 28.
Lending Trust annualized default rate 1.2% in March (vs 1.3% Feb, 1.1% Jan).

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