Capital One reported net income of $4.8 billion ($11.59 per diluted common share) and total net revenue of $39.1 billion for 2024. For 2023, the company reported net income of $4.9 billion ($11.95 per diluted common share) and total net revenue of $36.8 billion.

1. 01

   Capital One reported net income of $4.8 billion ($11.59 per diluted common share) and total net revenue of $39.1 billion for 2024. For 2023, the company reported net income of $4.9 billion ($11.95 per diluted common share) and total net revenue of $36.8 billion.

2. 02

   The company said its provision for credit losses for 2024 increased by $1.3 billion to $11.7 billion compared to 2023. It cited higher net charge-offs in its domestic credit card loan portfolio and the elimination of loss sharing provisions due to the Walmart Program Termination as factors, while noting that the allowance build was lower.

3. 03

   Capital One said net interest income for 2024 increased by $2.0 billion to $31.2 billion compared to 2023. Net interest margin rose by 25 basis points to 6.88%, and the company disclosed that the Walmart Program Termination increased net interest margin by 13 basis points.

4. 04

   The company said its net charge-off rate for 2024 increased by 69 basis points to 3.39% compared to 2023, and its 30+ day delinquency rate as of December 31, 2024 was 3.98%, substantially flat compared to 3.99% as of December 31, 2023. Its CET1 capital ratio under the Basel III standardized approach was 13.5% as of December 31, 2024 and 12.9% as of December 31, 2023.

Key figures

Fiscal year ended December 31, 2024

Revenue

$39.1B

Net income

$4.8B

EPS

$11.59

Operating cash flow

$18.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.