Capital One Q1 net income $960M ($2.31 EPS), down 60% YoY

CAPITAL ONE FINANCIAL CORP

2023-Q1 EPS reported $2.31 revenue$8,903,000,000

Net income $960M ($2.31 diluted EPS), down from $1.2B ($3.03) in Q4 2022 and $2.4B ($5.62) in Q1 2022.
Total net revenue $8.9B (down 2% QoQ), non-interest expense $4.9B, pre-provision earnings flat at $4.0B.
Provision for credit losses $2.8B, including net charge-offs $1.7B and reserve build $1.1B.
CET1 ratio 12.5%; total deposits $349.8B (up $16.8B or 5% from Q4 2022); period-end loans $308.8B.
Net interest margin 6.60% (down 24 bps QoQ); efficiency ratio 55.54%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CAPITAL ONE FINANCIAL CORP reported the first quarter ended March 31, 2023 results: net income $960 million, EPS $2.31 per diluted common share.

Period: the first quarter ended March 31, 2023
Net income: $960 million
EPS: $2.31 per diluted common share
Result: reported results

Exact text from the filing

Capital One Reports First Quarter 2023 Net Income of $960 million, or $2.31 per share

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CAPITAL ONE FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000927628-23-000156

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