Bank Delinquencies Stabilize and Loan Growth Falls in 1Q 2024

Total Loans and Delinquency Ratio

Delinquency rates in 1Q 2024 were relatively stable quarter-over-quarter (QoQ), rising by two basis points (bps), albeit with a 20-bps increase year-over-year (YoY).

Loans by Asset Group

Large banks with assets exceeding $100 billion experienced the most significant loan growth and delinquency increases YoY, of 1.87% and about 27 bps, respectively.

Loan Portfolio

Total loans decreased $35 billion (0.28%) in 1Q 2024, partly due to a decline in credit card lending. Credit card loans, automobile loans, and residential mortgage loans recorded the highest delinquency ratios in Q1 2024 at 3.36%, 2.86%, and 1.84%, respectively.

KFI Pro subscribers can easily analyze loan portfolio time series data by using the Excel Add-in.