CAPITAL ONE FINANCIAL CORP
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
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Regulatory Risk-Based Capital Components and Regulatory Capital Metrics
Table 14 presents regulatory capital under the Basel III standardized approach and regulatory capital metrics as of March 31, 2025 and December 31, 2024.
Table 14: Regulatory Risk-Based Capital Components and Regulatory Capital Metrics(1)
| (Dollars in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Regulatory capital under Basel III standardized approach | ||
| Common equity excluding AOCI | $66,225 | $65,823 |
| Adjustments and deductions: | ||
| AOCI, net of tax(2) | 19 | 1 |
| Goodwill, net of related deferred tax liabilities | (14,792) | (14,786) |
| Other intangible and deferred tax assets, net of deferred tax liabilities | (247) | (231) |
| Common equity Tier 1 capital | 51,205 | 50,807 |
| Tier 1 capital instruments | 4,845 | 4,845 |
| Tier 1 capital | 56,050 | 55,652 |
| Tier 2 capital instruments | 3,044 | 1,307 |
| Qualifying allowance for credit losses | 4,832 | 4,846 |
| Tier 2 capital | 7,876 | 6,153 |
| Total capital | $63,926 | $61,805 |
| Regulatory capital metrics | ||
| Risk-weighted assets | $375,538 | $377,145 |
| Adjusted average assets(3) | 483,888 | 480,794 |
| Total leverage exposure(4) | 565,020 | 559,399 |
(1)Common equity as of December 31, 2024 reflects the Company’s and the Bank’s election to adopt the CECL Transition Rule as of January 1, 2020, which was fully phased in effective January 1, 2025. For more information related to the CECL Transition Rule, see “Part II—Item 7. MD&A—Capital Management—CECL Transition Rule” in our 2024 Form 10-K.
(2)Excludes certain components of AOCI in accordance with rules applicable to Category III institutions. See “Capital Management—Capital Standards and Prompt Corrective Action—Basel III and U.S. Capital Rules” in this Report.
(3)Includes on-balance sheet asset adjustments subject to deduction from Tier 1 capital under the Basel III Capital Rules.
(4)Reflects on- and off-balance sheet amounts for the denominator of the supplementary leverage ratio as set forth by the Basel III Capital Rules.
Capital Planning and Regulatory Stress Testing
We repurchased $150 million of shares of our common stock during the first quarter of 2025.
On April 4, 2025, we submitted our capital plan to the Federal Reserve as part of the 2025 stress testing cycle. The supervisory stress test results are expected to be released by the Federal Reserve by June 30, 2025. Our 2025 supervisory stress test result will determine the size of our stress capital buffer requirement for the period beginning on October 1, 2025 through September 30, 2026. For additional information regarding a proposed rulemaking to modify the stress capital buffer framework, including the recalibration and annual effective date of the stress capital buffer requirement, see “Supervision and Regulation—Capital and Stress Testing Regulation Update” in this Report.
For the description of the regulatory capital planning rules and stress testing requirements to which we are subject, see “Part I—Item 1. Business—Supervision and Regulation” in our 2024 Form 10-K.
| 34 | Capital One Financial Corporation (COF) |
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