😎 "Get your facts first, then you can distort them as you please."
✅ Anonymous July 15, 2024 at 8:32 PM 7:06 pm fair enough. 2Q came in lower, ...
😎 After "The Longer Version" post this morning [link], the above commenter came back with this:
"Straight lining is a good way to estimate only if the
same result is expected for every quarter. It was correctly pointed out
back then 2Q losses would be lower, because leading indicators (early
term delinquency) had already dropped. So sure enough, net charge-offs
dropped 24% in 2Q."
✅ Here are SECU's official stats as certified by SECU's CFO:
✅ Well, can't argue with the commenter's claim! A one hundredth of one percent drop (from 0.70% to 0.69%) is lower - not exactly a plunge, but "lower" yes, but...
... +157% of June, 2023 levei - is a "little" higher, wouldn't you agree?
