secwatch.observer — SEC 8-K summary
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Issuer:     CAPITAL ONE FINANCIAL CORP (COF)
CIK:        0000927628
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000927628-23-000156
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927628/000092762823000156/0000927628-23-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927628/000092762823000156/cof-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000927628-23-000156

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