ABS Data›Credit Card
First National Master Note Trust FNBO
- 30+ day delinquency 1.75% of receivables, Oct 2026
- Net charge-offs 4.06% annualized (gross), Oct 2026
- Payment rate 32.52% of beginning receivables, Oct 2026
- Excess spread 13.06% annualized, 3-month average, Oct 2026
- Receivables $2.54B , Oct 2026
- Series 3 outstanding · 2 matured
- Reports through Oct 2026
First National reports a gross default rate only; its charge-off series is gross of recoveries and is left out of the All Trusts charge-off line. Figures are the trust's own, as its servicer reports them each month on SEC Form 10-D; trusts define them differently (Methodology §11 lists each trust's definition), so compare trends more than levels.
Trusts:
Series
Excess spread
DQ bucket
Year over year
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Series issued from this trust ·
| Series | At pricing | Ratings at pricing | |||||
|---|---|---|---|---|---|---|---|
| Series | Closed | Size | Coupon | Expectedmaturity | S&P | Moody’s | Fitch |
| 2026-1PSR | May 28, 2026 | $641M | 4.61% | May 15, 2029 | — | Aaa | AAA |
| 2025-1PSR | Feb 19, 2025 | $513M | 4.85% | Feb 15, 2028 | — | Aaa | AAA |
| 2024-1PSR | May 29, 2024 | $513M | 5.34% | May 17, 2027 | — | Aaa | AAA |
| Show 2 matured ▾ | |||||||
At pricing — terms from the series' prospectus and pricing supplement; they do not update. A credit-card master trust issues notes in series against one revolving pool of receivables, so the trust's performance (the charts) applies to every series it has outstanding.
Expected maturity — the expected principal payment date of the senior class; a series is matured once that date has passed. A coupon or rating shown as — was not captured from the prospectus; the filing itself states it.
PSR marks a series with a presale report (2024 series onward); it opens from the series name.