RJF · 10-Q · 2026Q2 · Full report

Residential Mortgage Credit Trends

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 25 · Surprise 32

Residential mortgage delinquency remained low, with loans more than 30 days past due equal to 0.12% of outstanding residential mortgage balances at June 30, 2026, compared with 0.13% at September 30, 2025 and a 1.98% national average most recently reported by the Fed. California and Florida were the largest geographic exposures, representing 20% and 18% of residential mortgage loans, respectively, while Texas, New York and Colorado accounted for 8%, 7% and 4%. Natural disasters or severe weather in these states, including California wildfires and Florida hurricanes, could increase credit-loss provisions and charge-offs.

Key facts

• Delinquent residential mortgage loans as a percentage of outstanding residential mortgage loan balances at June 30, 2026: 30-89 days = 0.10%, 90 days or more = 0.02%, Total = 0.12%. source
• Delinquent residential mortgage loans as a percentage of outstanding residential mortgage loan balances at September 30, 2025: 30-89 days = 0.07%, 90 days or more = 0.06%, Total = 0.13%. source
• June 30, 2026 percentage of over 30 day delinquent residential mortgage loans compares favorably to the national average of 1.98%. source