CAPITAL ONE FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Commercial Loans by Industry
Table 19 summarizes our commercial loans held for investment portfolio by industry classification as of December 31, 2024 and 2023. Industry classifications below are based on our interpretation of the Federal Loan Classification codes as they pertain to each individual loan.
Table 19: Commercial Loans by Industry
| (Percentage of portfolio) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Industry Classification: | ||
| Finance(1) | 39% | 31% |
| Real Estate & Construction(2) | 26 | 30 |
| Government & Education | 8 | 8 |
| Health Care & Pharmaceuticals | 4 | 6 |
| Commercial Services | 4 | 4 |
| Technology, Telecommunications & Media | 3 | 2 |
| Oil, Gas & Pipelines | 3 | 3 |
| Other | 13 | 16 |
| Total | 100% | 100% |
(1)Beginning in the fourth quarter of 2024, we made certain reporting presentation changes which increased the percentage of Finance loans, and decreased the percentage of Real Estate & Construction loans and Healthcare loans, in relation to our total loans held for investment portfolio. This change was made on a prospective basis in accordance with regulatory reporting changes made to the “Consolidated Reports of Condition and Income” (FFIEC 031) non-depository financial institution definition, effective December 31, 2024.
(2)The funded balance for commercial office real estate held for investment totaled $1.8 billion, or 2.1% and $2.3 billion, or 2.5%, as of December 31, 2024 and 2023, 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.
| 99 | Capital One Financial Corporation (COF) |
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