The company said it posted a net loss of $4.3 billion, or $(8.58) per diluted common share, for Q2 2025, compared with net income of $1.4 billion ($3.45 per share) for Q1. Adjusted net income, a non-GAAP measure, was $5.48 per diluted common share.

1. 01

   The company said it posted a net loss of $4.3 billion, or $(8.58) per diluted common share, for Q2 2025, compared with net income of $1.4 billion ($3.45 per share) for Q1. Adjusted net income, a non-GAAP measure, was $5.48 per diluted common share.

2. 02

   Capital One said it completed its acquisition of Discover on May 18. For Q2, the adjusting items included the initial allowance build for Discover non-PCD loans of $8,767 million ($13.04 per diluted share) and Discover integration expenses of $299 million ($0.45 per share).

3. 03

   Capital One said total net revenue for Q2 2025 rose 25% from Q1 to $12.5 billion, while non-interest expense rose 18% to $7.0 billion. Provision for credit losses increased $9.1 billion to $11.4 billion, including net charge-offs of $3.1 billion and a loan reserve build of $7.9 billion.

4. 04

   The company said that as of June 30, 2025, loans held for investment at period-end increased $115.7 billion, or 36%, to $439.3 billion during the quarter, and total deposits rose $100.6 billion to $468.1 billion. Its Common Equity Tier 1 capital ratio under the Basel III Standardized Approach was 14.0%, which is preliminary.

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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