CAPITAL ONE FINANCIAL CORP

Table 14 presents regulatory capital under the Basel III standardized approach and regulatory capital metrics as of September 30, 2025 and December 31, 2024.

Table 14: Regulatory Risk-Based Capital Components and Regulatory Capital Metrics(1)

(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—Capital Standards and Prompt Corrective Action—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 PCA—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

On October 20, 2025, our Board of Directors authorized the repurchase of up to $16 billion of shares of our common stock. Repurchases under the new share repurchase program were authorized to begin on October 21, 2025. This new authorization replaces the Company’s prior authorization to repurchase its common stock approved by our Board of Directors in April 2022. We repurchased $1.0 billion of shares of our common stock during the third quarter of 2025 and $1.3 billion of shares of our common stock during the first nine months of 2025.

On August 29, 2025, the Federal Reserve confirmed and announced individual stress capital buffer requirements for large banking institutions, including the Company. The Company’s final stress capital buffer requirement for the period beginning on October 1, 2025 through September 30, 2026 is 4.5%. Therefore, the Company’s minimum capital requirements plus the standardized approach capital conservation buffer for CET1 capital, Tier 1 capital and total capital ratios under the stress capital buffer framework are 9.0%, 10.5% and 12.5%, respectively, for the period from 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 “Part I—Item 2. MD&A—Supervision and Regulation” in our Q2 2025 Form 10-Q.

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.