---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-125037"
form_type: "8-K/A"
ticker: "COF"
cik: "0000927628"
company_name: "CAPITAL ONE FINANCIAL CORP"
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T21:57:35.178666+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Capital One closes Discover acquisition; posts Discover FY2024 net income $4.54B

## Summary
- Discover FY2024 net income $4.535B (up 62% from $2.796B in 2023); total assets $147.6B.
- Provision for credit losses fell to $4.91B from $6.02B; net interest income $14.3B, up 9%.
- Pro forma unaudited combined financials filed for Q1 2025 and FY2024 as if deal closed Jan 1, 2024.
- Audited Discover financials show $1.2B liability for merchant card misclassification restitution.

## SEC filing metadata
- accession: 0001193125-25-125037
- form_type: 8-K/A
- ticker: COF
- cik: 0000927628
- company_name: CAPITAL ONE FINANCIAL CORP
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927628/000119312525125037/0001193125-25-125037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927628/000119312525125037/d942157d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-125037
- JSON: https://secwatch.observer/filing/0001193125-25-125037.json
- Plain text: https://secwatch.observer/filing/0001193125-25-125037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.