CAPITAL ONE FINANCIAL CORP

Other Category

Other includes unallocated amounts related to our centralized Corporate Treasury group activities, such as management of our corporate investment securities portfolio, asset/liability management and oversight of our funds transfer pricing process. Other also includes:

•unallocated corporate revenue and expenses that do not directly support the operations of the business segments or for which the business segments are not considered financially accountable in evaluating their performance, such as certain restructuring charges and integration expenses related to the Transaction;

•residual tax expense or benefit to arrive at the consolidated effective tax rate that is not assessed to our primary business segments; and

•foreign exchange rate fluctuations on foreign currency-denominated balances. As a result of our derivative management activities, we believe our net exposure to foreign exchange risk is minimal.

Table 12 summarizes the financial results of our Other category for the periods indicated.

Table 12: Other Category Results

(1)Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category.

Loss from continuing operations, net of tax increased by $170 million to a loss of $433 million in the third quarter of 2025 compared to the third quarter of 2024 primarily driven by integration expenses related to the Transaction and a higher income tax provision, partially offset by higher treasury income.

Loss from continuing operations, net of tax decreased by $143 million to a loss of $705 million in the first nine months of 2025 compared to the first nine months of 2024 primarily driven by higher treasury income, partially offset by integration expenses related to the Transaction.

For the three and nine months ended September 30, 2025, we incurred $348 million and $757 million, respectively, of integration expenses related to the Transaction, primarily driven by salaries and associate benefits and professional services, which are included within operating expense in our consolidated statements of income. Since the announcement of the Transaction in the first quarter of 2024, we have incurred $991 million of integration expenses as of September 30, 2025.