Credit quality continued to improve at U.S. banks and thrifts in the first quarter, as total delinquencies fell to 1.62% of all loans and leases as of March 31, down from 1.63% at the end of 2018 and 1.80% in the year-ago quarter.

Commercial and industrial loan delinquencies rose nearly 26% quarter over quarter to $25.92 billion as of March 31, while the delinquency ratio rose to 1.18% from 0.95% at the end of 2018. Meanwhile, delinquent consumer and one- to four-family residential loans fell by roughly 10% and 5%, respectively, quarter over quarter.

Total net charge-offs edged up to $12.71 billion in the first quarter from $12.61 billion in the fourth quarter of 2018, also higher than the $12.07 billion in net charge-offs logged in the year-ago quarter.

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

Did you enjoy this analysis? Click here to set up real-time alerts for data-driven articles on the U.S. financial sector. Click here to access a template containing key asset quality metrics. Commercial banks, savings banks, and savings and loan associations report information on past-due and nonaccrual loans on call report Schedule RC-N, which can be accessed under the Regulatory Financials section of a company's page on the MI website or in the MI Excel-add in tool.