Capital One Q2 2023 net income $1.4B ($3.52 EPS), revenue $9.0B, card loans up 4%

CAPITAL ONE FINANCIAL CORP

2023-Q2 EPS reported $5.83 revenue$17,915,000,000

Net income $1.4B, diluted EPS $3.52, vs Q1 2023 $960M ($2.31) and Q2 2022 $2.0B ($4.96).
Total net revenue $9.0B (+1% QoQ); non-interest expense $4.8B (-3% QoQ).
Provision for credit losses $2.5B (-$305M QoQ); net charge-offs $2.2B, loan reserve build $318M.
Period-end loans $311.3B (+1%); Domestic Card loans $136.0B (+4%); average deposits $343.7B.
CET1 ratio 12.7%; NIM 6.48% (-12bps); efficiency ratio 53.2%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CAPITAL ONE FINANCIAL CORP reported the second quarter ended June 30, 2023 results: revenue $9.0 billion, net income $1.4 billion, EPS $3.52 per diluted common share.

Period: the second quarter ended June 30, 2023
Revenue: $9.0 billion
Net income: $1.4 billion
EPS: $3.52 per diluted common share
Result: reported results

Exact text from the filing

second quarter of 2023 compared with the first quarter of 2023 unless otherwise noted. Second Quarter 2023 Income Statement Summary: • Total net revenue increased 1 percent to $9.0 billion. • Total non-interest expense decreased 3 percent to $4.8 billion: ◦ 1 percent decrease in marketing. ◦ 3 percent decrease in operating expenses. • Pre-provision earnings (1)

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Source: SEC EDGAR

accession 0000927628-23-000231

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