ABS Data›Credit Card
First National Master Note Trust FNBO
- 30+ day delinquency 1.69% of receivables, Sep 2026
- Net charge-offs 3.92% annualized (gross), Sep 2026
- Payment rate 32.18% of beginning receivables, Sep 2026
- Excess spread 13.07% annualized, Sep 2026
- Receivables $2.56B , Sep 2026
- Series 3 outstanding · 2 matured
- Reports through Sep 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
Display
Macro overlay
Range
Series issued from this trust ·
| Series | At pricing | Ratings at pricing | |||||
|---|---|---|---|---|---|---|---|
| Series | Closed | Size | Coupon | Expectedmaturity | S&P | Moody’s | Fitch |
| First National Master Note Trust Series 2026-1 Asset Backed NotesPSR | 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.