Capital One Financial Corporation (COF)

Capital One Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	40,394	37,410	28,910	24,263	24,074	25,862
Interest Income on Investments	5,068	4,528	2,327	1,506	1,959	2,651
Total Interest Income	45,462	41,938	31,237	25,769	26,033	28,513
Interest Paid on Deposits	11,376	9,489	2,535	956	2,165	3,420
Interest Paid on Borrowings	3,457	3,208	1,588	642	955	1,753
Total Interest Expense	14,833	12,697	4,123	1,598	3,120	5,173
Net Interest Income	30,629	29,241	27,114	24,171	22,913	23,340
Net Interest Income Growth (YoY)	5.91%	7.84%	12.18%	5.49%	-1.83%	2.03%
Gain (Loss) on Sale of Investments	-69	-34	-9	2	-	26
Other Non-Interest Income	7,868	7,580	7,145	6,262	5,610	5,227
Total Non-Interest Income	7,799	7,546	7,136	6,264	5,610	5,253
Non-Interest Income Growth (YoY)	5.36%	5.75%	13.92%	11.66%	6.80%	1.00%
Revenues Before Loan Losses	38,428	36,787	34,250	30,435	28,523	28,593
Provision for Loan Losses	11,931	10,426	5,847	-1,944	10,264	6,236
Revenue	26,497	26,361	28,403	32,379	18,259	22,357
Revenue Growth (YoY)	0.61%	-7.19%	-12.28%	77.33%	-18.33%	0.62%
Salaries and Employee Benefits	8,748	8,750	8,075	7,057	6,572	6,124
Occupancy Expenses	2,032	1,872	1,728	2,003	2,118	2,098
Amortization of Goodwill & Intangibles	80	82	70	29	60	112
Selling, General & Administrative	8,082	7,500	7,875	5,937	4,370	5,065
Other Non-Interest Expense	2,172	2,112	1,415	1,544	1,936	1,701
Total Non-Interest Expense	21,114	20,316	19,163	16,570	15,056	15,100
EBT Excluding Unusual Items	5,383	6,045	9,240	15,809	3,203	7,257
Other Unusual Items	-	-	-	-	-	-383
Pretax Income	5,383	6,045	9,240	15,809	3,203	6,874
Income Tax Expense	1,023	1,158	1,880	3,415	486	1,341
Earnings From Continuing Operations	4,360	4,887	7,360	12,394	2,717	5,533
Earnings From Discontinued Operations	-	-	-	-4	-3	13
Net Income	4,360	4,887	7,360	12,390	2,714	5,546
Preferred Dividends & Other Adjustments	298	305	316	425	339	354
Net Income to Common	4,062	4,582	7,044	11,965	2,375	5,192
Net Income Growth	-19.45%	-33.60%	-40.60%	356.52%	-51.06%	-7.80%
Basic Shares Outstanding	382	382	392	443	458	468
Diluted Shares Outstanding	383	383	393	444	459	470
Shares Change (YoY)	-0.03%	-2.49%	-11.48%	-3.20%	-2.34%	-2.73%
EPS (Basic)	10.62	11.98	17.98	27.04	5.19	11.10
EPS (Diluted)	10.59	11.95	17.91	26.94	5.18	11.05
EPS Growth	-20.40%	-33.28%	-33.52%	419.75%	-53.08%	-6.53%
Dividend Per Share	2.400	2.400	2.400	2.000	1.000	1.600
Dividend Growth	0%	0%	20.00%	100.00%	-37.50%	0%
Effective Tax Rate	19.00%	19.16%	20.35%	21.60%	15.17%	19.51%

Source: S&P Capital IQ. Banks template. Financial Sources.