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Overall delinquencies lower but net charge-offs climb at US banks in Q2'19

Credit quality continued to improve at U.S. banks and thrifts in the second quarter, as total delinquencies dropped 10 basis points quarter over quarter and 15 basis points year over year to 1.52% of all loans and leases as of June 30.

Commercial and industrial loan delinquencies declined 7.85% quarter over quarter to $23.88 billion as of June 30, while the delinquency ratio dropped to 1.08% from 1.18% in the first quarter. Meanwhile, delinquent one- to four-family residential loans declined by nearly 6% quarter over quarter.

Total net charge-offs increased to $13.59 billion in the second quarter, up from $12.73 billion in the first quarter and $11.88 billion in the year-ago period.

Among the top 25 banks and thrifts by total loans and leases, 17 reported lower nonperforming assets quarter over quarter.

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