The company said it reported net income for Q3 2024 of $1.8 billion, or $4.41 per diluted common share. Net income for Q2 2024 was $597 million ($1.38 per share), and for Q3 2023 it was $1.8 billion ($4.45 per share).

1. 01

   The company said it reported net income for Q3 2024 of $1.8 billion, or $4.41 per diluted common share. Net income for Q2 2024 was $597 million ($1.38 per share), and for Q3 2023 it was $1.8 billion ($4.45 per share).

2. 02

   The company said adjusted net income for Q3 2024 was $4.51 per diluted common share. It cited Discover integration expenses of $63 million pre-tax ($0.12 per share) and an FDIC special assessment of $(9) million pre-tax ($(0.02) per share) as adjusting items.

3. 03

   Capital One said total net revenue for Q3 2024 increased 5% from Q2 2024 to $10.0 billion, non-interest expense rose 7% to $5.3 billion, and the provision for credit losses fell $1.4 billion to $2.5 billion. It said net interest margin was 7.11%.

4. 04

   The company said period-end loans held for investment rose $2.1 billion to $320.2 billion during Q3 2024, and period-end total deposits rose $2.2 billion to $353.6 billion. As of September 30, 2024, its Common Equity Tier 1 capital ratio was 13.6%.

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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