CAPITAL ONE FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Commercial Loans by Industry
Table 20 summarizes our commercial loans held for investment portfolio by industry classification as of December 31, 2023 and 2022. Industry classifications below are based on our interpretation of the Federal Loan Classification codes as they pertain to each individual loan.
Table 20: Commercial Loans by Industry
| (Percentage of portfolio) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Industry Classification:(1) | ||
| Finance | 31% | 31% |
| Real Estate & Construction(2) | 30 | 31 |
| Government & Education | 8 | 8 |
| Health Care & Pharmaceuticals | 6 | 5 |
| Commercial Services | 4 | 4 |
| Technology, Telecommunications & Media | 2 | 3 |
| Oil, Gas & Pipelines | 3 | 3 |
| Other | 16 | 15 |
| Total | 100% | 100% |
(1)Beginning in the third quarter of 2023, we made reporting presentation changes to classify loans based on regulatory loan classifications rather than the North American Industry Classification System codes previously utilized. Prior period amounts presented have been reclassified to conform to the current period presentation.
(2)The funded balance for commercial office real estate held for investment totaled $2.3 billion, or 3% and $4.0 billion, or 4%, as of December 31, 2023 and 2022, respectively. Commercial office real estate exposure does not include loans in our healthcare real estate business secured by medical office properties and loans to office real estate investment trusts or real estate investment funds.
| 93 | Capital One Financial Corporation (COF) |
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