Capital One Q1 2024 net income $1.3B; diluted EPS $3.13, adjusted $3.21

CAPITAL ONE FINANCIAL CORP

2024-Q1 EPS reported $3.13 revenue$9,402,000,000

Net income $1.3B ($3.13 diluted EPS) vs $960M ($2.31) in Q1 2023; adjusted EPS $3.21.
Total net revenue $9.4B, down 1% QoQ; net interest margin 6.69%.
Provision for credit losses $2.7B, down $174M QoQ; net charge-offs $2.6B; loan reserve build $91M.
Period-end loans $315.2B (-2% QoQ); deposits $351.0B (+1% QoQ); CET1 ratio 13.1%.
Non-interest expense down 10% QoQ to $5.1B; marketing down 19%.

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 first quarter ended March 31, 2024 results: net income $1.3 billion, or $3.13 per diluted common share, EPS $3.13 per diluted common share.

Period: the first quarter ended March 31, 2024
Net income: $1.3 billion, or $3.13 per diluted common share
EPS: $3.13 per diluted common share
Result: reported results

Exact text from the filing

Capital One Financial Corporation (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000927628-24-000158

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