Capital One Reports Third Quarter 2026 Net Income of $3.5 billion, or $5.61 per share

Net of adjusting items, Third Quarter 2026 Net Income of $6.69 per share(1)MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced net income for the third quarter of 2026 of $3.5 billion, or $5.61 per diluted common share, compared with net income of $3.0 billion, or $4.73 per diluted common share in the second quarter of 2026, and with net income of $3.2 billion, or $4.83 per diluted common share in the third quarter of 2025. Adjusted net income(1) for the third quarter of 2026 was $6.69 per diluted common share. "The Discover integration continues to go well and we’re making good progress on delivering the expected synergies," said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer. "We continue to invest to deliver sustained growth and value creation over the long-term." The quarter included the following adjusting items: (Dollars in millions, except per share data) Pre-Tax Impact After-TaxDiluted EPSImpact Acquisition amortization expenses(2) $ 483 $ 0.60 Discover integration expenses $ 338 $ 0.42 Brex integration expenses $ 47 $ 0.06 All comparisons below are for the third quarter of 2026 compared with the second quarter of 2026 unless otherwise noted. Third Quarter 2026 Income Statement Summary: Total net revenue increased 3 percent to $16.3 billion. Total non-interest expense decreased 2 percent to $8.9 billion: 4 percent decrease in marketing. 2 percent decrease in operating expenses. Pre-provision earnings(3) increased 10 percent to $7.5 billion. Provision for credit losses decreased $73 million to $2.9 billion: Net charge-offs of $3.1 billion. $225 million loan reserve release. Net interest margin of 8.41 percent, an increase of 40 basis points. Efficiency ratio of 54.19 percent. Adjusted efficiency ratio(4) of 48.76 percent. Operating efficiency ratio of 44.43 percent. Adjusted operating efficiency ratio(4) of 38.99 percent. Third Quarter 2026 Balance Sheet Summary: Common equity Tier 1 capital ratio(5) under Basel III Standardized Approach of 13.8% as of September 30, 2026. Period-end loans held for investment in the quarter increased $5.4 billion, or 1 percent, to $462.5 billion. Credit Card period-end loans increased $952 million, or less than 1 percent, to $276.4 billion. Domestic Card period-end loans increased $1.2 billion, or less than 1 percent, to $260.3 billion. Consumer Banking period-end loans increased $3.6 billion, or 4 percent, to $94.0 billion. Auto period-end loans increased $3.6 billion, or 4 percent, to $92.9 billion. Commercial Banking period-end loans increased $834 million, or 1 percent, to $92.1 billion. Average loans held for investment in the quarter increased $6.7 billion, or 1 percent, to $457.4 billion. Credit Card average loans increased $2.5 billion, or 1 percent, to $273.7 billion. Domestic Card average loans increased $2.7 billion, or 1 percent, to $257.3 billion. Consumer Banking average loans increased $3.7 billion, or 4 percent, to $92.3 billion. Auto average loans increased $3.8 billion, or 4 percent, to $91.2 billion. Commercial Banking average loans increased $481 million, or 1 percent, to $91.4 billion. Period-end total deposits decreased $3.6 billion, or 1 percent, to $480.7 billion, while average deposits decreased $4.2 billion, or 1 percent, to $482.6 billion. Interest-bearing deposits rate paid increased 3 basis points to 2.94 percent. Earnings Conference Call Webcast Information The company will hold an earnings conference call on October 20, 2026 at 5:00 PM Eastern Time. The conference call will be accessible through live webcast. Interested investors and other individuals can access the webcast via the company’s home page (www.capitalone.com). Under “About,” choose “Investors” to access the Investor Center and view and/or download the earnings press release, the financial supplement, including a reconciliation of non-GAAP financial measures, and the earnings release presentation. The replay of the webcast will be archived on the company’s website through November 03, 2026 at 5:00 PM Eastern Time. Forward-Looking StatementsRead the full story here

Capital One Reports Third Quarter 2026 Net Income of $3.5 billion, or $5.61 per share

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