The company said net income for Q1 2025 was $1.4 billion, or $3.45 per diluted common share. It said net income was $1.1 billion, or $2.67 per diluted common share, in Q4 2024, and $1.3 billion, or $3.13 per diluted common share, in Q1 2024.

1. 01

   The company said net income for Q1 2025 was $1.4 billion, or $3.45 per diluted common share. It said net income was $1.1 billion, or $2.67 per diluted common share, in Q4 2024, and $1.3 billion, or $3.13 per diluted common share, in Q1 2024.

2. 02

   Capital One said adjusted net income for Q1 2025 was $4.06 per diluted common share (non-GAAP), and that the adjusting items were legal reserve activities of $198 million pre-tax ($0.39 per share) and Discover integration expenses of $110 million pre-tax ($0.22 per share).

3. 03

   The company said that, for Q1 2025 compared with Q4 2024, total net revenue decreased 2% to $10.0 billion, non-interest expense decreased 3% to $5.9 billion, and the provision for credit losses decreased $273 million to $2.4 billion. Net charge-offs were $2.7 billion, and the loan reserve release was $368 million.

4. 04

   Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer, said the company received regulatory approval for its acquisition of Discover and is fully mobilized to complete the transaction on May 18.

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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