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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Loans Held for Investment
Total loans held for investment consists of both unsecuritized loans and loans held in our consolidated trusts. Table 5 summarizes, by portfolio segment, the carrying value of our loans held for investment, the allowance for credit losses and net loan balance as of December 31, 2024 and 2023.
Table 5: Loans Held for Investment
| December 31, 2024 | December 31, 2023 | |||||
|---|---|---|---|---|---|---|
| (Dollars in millions) | Loans | Allowance | Net Loans | Loans | Allowance | Net Loans |
| Credit Card | $162,508 | $(12,974) | $149,534 | $154,547 | $(11,709) | $142,838 |
| Consumer Banking | 78,092 | (1,884) | 76,208 | 75,437 | (2,042) | 73,395 |
| Commercial Banking | 87,175 | (1,400) | 85,775 | 90,488 | (1,545) | 88,943 |
| Total | $327,775 | $(16,258) | $311,517 | $320,472 | $(15,296) | $305,176 |
Loans held for investment increased by $7.3 billion to $327.8 billion as of December 31, 2024 compared to December 31, 2023 primarily driven by growth in our credit card loan portfolio.
We provide additional information on the composition of our loan portfolio and credit quality in “Credit Risk Profile,” “Consolidated Results of Operations” and “Item 8. Financial Statements and Supplementary Data—Note 4—Loans.”
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