Capital One Q3 net income $1.8B ($4.45 EPS), revenue $9.4B up 4% QoQ

CAPITAL ONE FINANCIAL CORP

2023-Q3 EPS reported $10.28 revenue$27,281,000,000

Net income $1.8B ($4.45 diluted EPS) vs $1.4B ($3.52) in Q2 2023 and $1.7B ($4.20) in Q3 2022.
Total net revenue $9.4B, up 4% sequentially; net interest margin 6.69%, up 21 bps.
Provision for credit losses $2.3B, down $206M QoQ; net charge-offs $2.0B; loan reserve build $322M.
Period-end loans held for investment $314.8B (+1%); credit card loans $146.8B (+3%); deposits $346.0B (+$2.3B).
Common equity Tier 1 capital ratio 13.0% under Basel III Standardized Approach.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CAPITAL ONE FINANCIAL CORP reported third quarter ended September 30, 2023 results: revenue $9.4 billion, net income $1.8 billion, EPS $4.45 per diluted common share.

Period: third quarter ended September 30, 2023
Revenue: $9.4 billion
Net income: $1.8 billion
EPS: $4.45 per diluted common share
Result: reported results

Exact text from the filing

third quarter of 2023 compared with the second quarter of 2023 unless otherwise noted. Third Quarter 2023 Income Statement Summary: • Total net revenue increased 4 percent to $9.4 billion. • Total non-interest expense increased 1 percent to $4.9 billion: ◦ 10 percent increase in marketing. ◦ 1 percent decrease in operating expenses. • Pre-provision earnings (1)

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Source: SEC EDGAR

accession 0000927628-23-000284

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