The company said net income for Q4 2023 was $706 million ($1.67 per diluted common share). Net income for Q3 2023 was $1.8 billion ($4.45 per share) and for Q4 2022 it was $1.2 billion ($3.03 per share). Adjusted net income was $2.24 per diluted share.

1. 01

   The company said net income for Q4 2023 was $706 million ($1.67 per diluted common share). Net income for Q3 2023 was $1.8 billion ($4.45 per share) and for Q4 2022 it was $1.2 billion ($3.03 per share). Adjusted net income was $2.24 per diluted share.

2. 02

   Capital One said it included an FDIC special assessment as an adjusting item for Q4 2023. The pre-tax impact was $289 million, and the after-tax impact was $0.57 per diluted share.

3. 03

   Capital One said total net revenue for Q4 2023 rose 1% from Q3 to $9.5 billion. Total non-interest expense rose 18% to $5.7 billion. Provision for credit losses increased $573 million to $2.9 billion.

4. 04

   The company said total net revenue for full-year 2023 rose 7% to $36.8 billion. Provision for credit losses increased $4.6 billion to $10.4 billion, and net interest margin fell 4 basis points to 6.63%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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