Capital One said net income for Q4 2024 was $1.1 billion, or $2.67 per diluted common share, compared with $1.8 billion, or $4.41 per diluted common share in Q3 2024, and with $706 million, or $1.67 per diluted common share in Q4 2023. Adjusted net income on a diluted per-share basis was $3.09.

1. 01

   Capital One said net income for Q4 2024 was $1.1 billion, or $2.67 per diluted common share, compared with $1.8 billion, or $4.41 per diluted common share in Q3 2024, and with $706 million, or $1.67 per diluted common share in Q4 2023. Adjusted net income on a diluted per-share basis was $3.09.

2. 02

   The company presented adjusting items for Q4 2024: Discover integration expenses of $140 million pre-tax, or $0.27 per diluted share, and legal reserve activity of $75 million pre-tax, or $0.15 per share. It also presented a notable item: accelerated philanthropy contributions of $100 million pre-tax, or $0.20 per share.

3. 03

   Capital One said total net revenue for Q4 2024 increased 2% compared with the prior quarter to $10.2 billion, total non-interest expense increased 15% to $6.1 billion, and pre-provision earnings decreased 13% to $4.1 billion. The provision for credit losses increased $160 million to $2.6 billion, with net charge-offs of $2.9 billion and a loan reserve release of $245 million.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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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