---
schema_version: "secwatch.filing_event.v1"
accession: "0000927628-23-000156"
form_type: "8-K"
ticker: "COF"
cik: "0000927628"
company_name: "CAPITAL ONE FINANCIAL CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T11:00:20.466616+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000927628-23-000156
- form_type: 8-K
- ticker: COF
- cik: 0000927628
- company_name: CAPITAL ONE FINANCIAL CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927628/000092762823000156/0000927628-23-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927628/000092762823000156/cof-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927628-23-000156
- JSON: https://secwatch.observer/filing/0000927628-23-000156.json
- Plain text: https://secwatch.observer/filing/0000927628-23-000156.txt

## Key facts
- Earnings Releases
  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
  source text: Capital One Reports First Quarter 2023 Net Income of $960 million, or $2.31 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/927628/000092762823000156/0000927628-23-000156-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.