Capital One Reports Second Quarter 2026 Net Income of $3.0 billion, or $4.73 per share

Net of adjusting items, Second Quarter 2026 Net Income of $5.81 per share(1)MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced net income for the second quarter of 2026 of $3.0 billion, or $4.73 per diluted common share, compared with net income of $2.2 billion, or $3.34 per diluted common share in the first quarter of 2026, and with net loss of $4.3 billion, or $(8.58) per diluted common share in the second quarter of 2025. Adjusted net income(1) for the second quarter of 2026 was $5.81 per diluted common share. "Our results in the second quarter continue to reflect solid top line growth and strong credit performance," said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer. "We’re now 14 months into our integration of Discover, and integration is going well." The quarter included the following adjusting items: (Dollars in millions, except per share data) Pre-Tax Impact After-Tax Diluted EPS Impact Acquisition amortization expenses(2) $ 494 $ 0.60 Discover integration expenses $ 298 $ 0.36 Brex integration expenses $ 96 $ 0.12 All comparisons below are for the second quarter of 2026 compared with the first quarter of 2026 unless otherwise noted. Second Quarter 2026 Income Statement Summary: Total net revenue increased 4 percent to $15.9 billion. Total non-interest expense increased 7 percent to $9.0 billion: 11 percent increase in marketing. 6 percent increase in operating expenses. Pre-provision earnings(3) increased 1 percent to $6.8 billion. Provision for credit losses decreased $1.1 billion to $3.0 billion: Net charge-offs of $3.6 billion. $662 million loan reserve release. Net interest margin of 8.01 percent, an increase of 14 basis points. Efficiency ratio of 57.05 percent. Adjusted efficiency ratio(4) of 51.38 percent. Operating efficiency ratio of 46.57 percent. Adjusted operating efficiency ratio(4) of 40.88 percent. Second Quarter 2026 Balance Sheet Summary: Common equity Tier 1 capital ratio(5) under Basel III Standardized Approach of 13.7% percent at June 30, 2026. Period-end loans held for investment in the quarter increased $9.4 billion, or 2 percent, to $457.2 billion. Credit Card period-end loans increased $4.9 billion, or 2 percent, to $275.4 billion. Domestic Card period-end loans increased $5.0 billion, or 2 percent, to $259.0 billion. Consumer Banking period-end loans increased $3.6 billion, or 4 percent, to $90.5 billion. Auto period-end loans increased $3.6 billion, or 4 percent, to $89.3 billion. Commercial Banking period-end loans increased $1.0 billion, or 1 percent, to $91.3 billion. Average loans held for investment in the quarter increased $4.4 billion, or 1 percent, to $450.7 billion. Credit Card average loans increased $223 million, or less than 1 percent, to $271.2 billion. Domestic Card average loans increased $589 million, or less than 1 percent, to $254.6 billion. Consumer Banking average loans increased $2.9 billion, or 3 percent, to $88.6 billion. Auto average loans increased $2.9 billion, or 3 percent, to $87.4 billion. Commercial Banking average loans increased $1.3 billion, or 1 percent, to $90.9 billion. Period-end total deposits decreased $4.8 billion, or 1 percent, to $484.3 billion, while average deposits increased $6.8 billion, or 1 percent, to $486.8 billion. Interest-bearing deposits rate paid decreased 9 basis points to 2.91 percent. Earnings Conference Call Webcast Information The company will hold an earnings conference call on July 21, 2026 at 5:00 PM Eastern Time. The conference call will be accessible through live webcast. Interested investors and other individuals can access the webcast via the company’s home page (www.capitalone.com). Under “About,” choose “Investors” to access the Investor Center and view and/or download the earnings press release, the financial supplement, including a reconciliation of non-GAAP financial measures, and the earnings release presentation. The replay of the webcast will be archived on the company’s website through August 4, 2026 at 5:00 PM Eastern Time. Forward-Looking StatementsRead the full story here

Capital One Reports Second Quarter 2026 Net Income of $3.0 billion, or $4.73 per share

Andere Nachrichten des Unternehmens