Capital One Q4 net income $706M ($1.67 EPS); adjusted EPS $2.24; revenue $9.5B

CAPITAL ONE FINANCIAL CORP

2023-FY EPS reported $11.95 revenue$36,787,000,000

Net income of $706M ($1.67 diluted EPS) vs Q3 $1.8B ($4.45) and Q4 2022 $1.2B ($3.03).
Adjusted net income $2.24 per share; FDIC special assessment of $289M pre-tax ($0.57 EPS).
Total net revenue up 1% QoQ to $9.5B; pre-provision earnings down 16% to $3.8B.
Provision for credit losses rose $573M to $2.9B; net charge-offs $2.5B; loan reserve build $326M.
Period-end loans $320.5B; CET1 ratio 12.9%; period-end deposits $348.4B.

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 0.9

CAPITAL ONE FINANCIAL CORP reported the fourth quarter ended December 31, 2023 results: revenue $9.5 billion, net income $706 million, EPS $1.67 per diluted common share.

Period: the fourth quarter ended December 31, 2023
Revenue: $9.5 billion
Net income: $706 million
EPS: $1.67 per diluted common share
Result: reported results

Exact text from the filing

fourth quarter of 2023 compared with the third quarter of 2023 unless otherwise noted. Fourth Quarter 2023 Income Statement Summary: • Total net revenue increased 1 percent to $9.5 billion. • Total non-interest expense increased 18 percent to $5.7 billion: ◦ 29 percent increase in marketing. ◦ 15 percent increase in operating expenses. • Pre-provision earnings (2)

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

CAPITAL ONE FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000927628-24-000008

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