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 Real Estate Portfolio by Region
We originate commercial and multifamily real estate loans in most regions of the United States. The table below presents the geographic profile of our commercial real estate portfolio as of December 31, 2023 and 2022.
Table 19: Commercial Real Estate Portfolio by Region
| December 31, 2023 | December 31, 2022 | |||
|---|---|---|---|---|
| (Dollars in millions) | Amount | % of Total | Amount | % of Total |
| Geographic concentration:(1) | ||||
| Northeast | $13,931 | 40.5% | $15,055 | 40.2% |
| South | 7,073 | 20.5 | 8,706 | 23.2 |
| Pacific West | 5,342 | 15.5 | 5,902 | 15.7 |
| Mid-Atlantic | 4,138 | 12.0 | 3,129 | 8.4 |
| Midwest | 2,052 | 6.0 | 2,394 | 6.4 |
| Mountain | 1,910 | 5.5 | 2,267 | 6.1 |
| Total | $34,446 | 100.0% | $37,453 | 100.0% |
(1)Geographic concentration is generally determined by the location of the borrower’s business or the location of the collateral associated with the loan. Northeast consists of CT, MA, ME, NH, NJ, NY, PA, RI and VT. South consists of AL, AR, FL, GA, KY, LA, MS, NC, OK, SC, TN and TX. Pacific West consists of: AK, CA, HI, OR and WA. Mid-Atlantic consists of DC, DE, MD, VA and WV. Midwest consists of: IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD and WI. Mountain consists of: AZ, CO, ID, MT, NM, NV, UT and WY.
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