CAPITAL ONE FINANCIAL CORP

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

COF$195.84-1.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

	Year Ended December 31,
(Dollars in millions, except per share-related data)	2024	2023	2022
Interest income:
Loans, including loans held for sale	$40,894	$37,410	$28,910
Investment securities	2,873	2,550	1,884
Other	2,267	1,978	443
Total interest income	46,034	41,938	31,237
Interest expense:
Deposits	11,493	9,489	2,535
Securitized debt obligations	958	959	384
Senior and subordinated notes	2,333	2,204	1,074
Other borrowings	42	45	130
Total interest expense	14,826	12,697	4,123
Net interest income	31,208	29,241	27,114
Provision for credit losses	11,716	10,426	5,847
Net interest income after provision for credit losses	19,492	18,815	21,267
Non-interest income:
Interchange fees, net	4,882	4,793	4,606
Service charges and other customer-related fees	1,976	1,667	1,625
Net securities losses	(35)	(34)	(9)
Other	1,081	1,120	914
Total non-interest income	7,904	7,546	7,136
Non-interest expense:
Salaries and associate benefits	9,398	9,302	8,425
Occupancy and equipment	2,366	2,160	2,050
Marketing	4,562	4,009	4,017
Professional services	1,610	1,268	1,807
Communications and data processing	1,462	1,383	1,379
Amortization of intangibles	77	82	70
Other	2,011	2,112	1,415
Total non-interest expense	21,486	20,316	19,163
Income from continuing operations before income taxes	5,910	6,045	9,240
Income tax provision	1,163	1,158	1,880
Income from continuing operations, net of tax	4,747	4,887	7,360
Income from discontinued operations, net of tax	3	0	0
Net income	4,750	4,887	7,360
Dividends and undistributed earnings allocated to participating securities	(77)	(77)	(88)
Preferred stock dividends	(228)	(228)	(228)
Net income available to common stockholders	$4,445	$4,582	$7,044
Basic earnings per common share:
Net income from continuing operations	$11.60	$11.98	$17.98
Income from discontinued operations	0.01	0.00	0.00
Net income per basic common share	$11.61	$11.98	$17.98
Diluted earnings per common share:
Net income from continuing operations	$11.58	$11.95	$17.91
Income from discontinued operations	0.01	0.00	0.00
Net income per diluted common share	$11.59	$11.95	$17.91

See Notes to Consolidated Financial Statements.
135	Capital One Financial Corporation (COF)

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.