COF

EX-99.1

2 ex991q32026earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

News Release

Contacts:

Investor RelationsMedia Relations

Jeff NorrisDanielle DietzSie Soheili

jeff.norris@capitalone.comdanielle.dietz@capitalone.comsie.soheili@capitalone.com

FOR IMMEDIATE RELEASE: October 20, 2026

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. (October 20, 2026) – 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 ImpactAfter-Tax Diluted EPS Impact

Acquisition amortization expenses(2) $483 $0.60

Discover integration expenses$338 $0.42

Brex integration expenses$47 $0.06

Capital One Third Quarter 2026 Earnings

Page 2

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.

Capital One Third Quarter 2026 Earnings

Page 3

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 Statements

Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Forward-looking statements often use words such as “will,” “anticipate,” “target,” “expect,” “think,” “estimate,” “intend,” “plan,” “goal,” “believe,” “forecast,” “outlook” or other words of similar meaning. Any forwa

EX-99.1

2 ex991q22026earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

News Release

Contacts:

Investor RelationsMedia Relations

Jeff NorrisDanielle DietzSie Soheili

jeff.norris@capitalone.comdanielle.dietz@capitalone.comsie.soheili@capitalone.com

FOR IMMEDIATE RELEASE: July 21, 2026

Capital One Reports Second Quarter 2026 Net Income of $3.0 billion, or $4.73 per share

Net of adjusting items, Second Quarter 2026 Net Income of $5.81 per share(1)

McLean, Va. (July 21, 2026) – Capital One Financial Corporation (NYSE: COF) today announced net income for the second quarter of 2026 of $3.0 billion, or $4.73 per diluted common share, compared with net income of $2.2 billion, or $3.34 per diluted common share in the first quarter of 2026, and with net loss of $4.3 billion, or $(8.58) per diluted common share in the second quarter of 2025. Adjusted net income(1) for the second quarter of 2026 was $5.81 per diluted common share.

"Our results in the second quarter continue to reflect solid top line growth and strong credit performance," said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer. "We’re now 14 months into our integration of Discover, and integration is going well."

The quarter included the following adjusting items:

(Dollars in millions, except per share data)Pre-Tax ImpactAfter-Tax Diluted EPS Impact

Acquisition amortization expenses(2) $494 $0.60

Discover integration expenses$298 $0.36

Brex integration expenses$96 $0.12

Capital One Second Quarter 2026 Earnings

Page 2

All comparisons below are for the second quarter of 2026 compared with the first quarter of 2026 unless otherwise noted.

Second Quarter 2026 Income Statement Summary:

•Total net revenue increased 4 percent to $15.9 billion.

•Total non-interest expense increased 7 percent to $9.0 billion:

◦11 percent increase in marketing.

◦6 percent increase in operating expenses.

•Pre-provision earnings(3) increased 1 percent to $6.8 billion.

•Provision for credit losses decreased $1.1 billion to $3.0 billion:

◦Net charge-offs of $3.6 billion.

◦$662 million loan reserve release.

•Net interest margin of 8.01 percent, an increase of 14 basis points.

•Efficiency ratio of 57.05 percent.

◦Adjusted efficiency ratio(4) of 51.38 percent.

•Operating efficiency ratio of 46.57 percent.

◦Adjusted operating efficiency ratio(4) of 40.88 percent.

Second Quarter 2026 Balance Sheet Summary:

•Common equity Tier 1 capital ratio(5) under Basel III Standardized Approach of 13.7% percent at June 30, 2026.

•Period-end loans held for investment in the quarter increased $9.4 billion, or 2 percent, to $457.2 billion.

◦Credit Card period-end loans increased $4.9 billion, or 2 percent, to $275.4 billion.

•Domestic Card period-end loans increased $5.0 billion, or 2 percent, to $259.0 billion.

◦Consumer Banking period-end loans increased $3.6 billion, or 4 percent, to $90.5 billion.

•Auto period-end loans increased $3.6 billion, or 4 percent, to $89.3 billion.

◦Commercial Banking period-end loans increased $1.0 billion, or 1 percent, to $91.3 billion.

•Average loans held for investment in the quarter increased $4.4 billion, or 1 percent, to $450.7 billion.

◦Credit Card average loans increased $223 million, or less than 1 percent, to $271.2 billion.

•Domestic Card average loans increased $589 million, or less than 1 percent, to $254.6 billion.

◦Consumer Banking average loans increased $2.9 billion, or 3 percent, to $88.6 billion.

•Auto average loans increased $2.9 billion, or 3 percent, to $87.4 billion.

◦Commercial Banking average loans increased $1.3 billion, or 1 percent, to $90.9 billion.

•Period-end total deposits decreased $4.8 billion, or 1 percent, to $484.3 billion, while average deposits increased $6.8 billion, or 1 percent, to $486.8 billion.

•Interest-bearing deposits rate paid decreased 9 basis points to 2.91 percent.

Capital One Second Quarter 2026 Earnings

Page 3

Earnings Conference Call Webcast Information

The company will hold an earnings conference call on July 21, 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 August 4, 2026 at 5:00 PM Eastern Time.

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Forward-looking statements often use words such as “will,” “anticipate,” “target,” “expect,” “think,” “estimate,” “intend,” “plan,” “goal,” “believe,” “forecast,” “outlook” or other words of similar meaning. Any forward-looking sta

EX-99.1

2 ex991q12026earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

News Release

Contacts:

Investor RelationsMedia Relations

Jeff NorrisDanielle DietzSie Soheili

jeff.norris@capitalone.comdanielle.dietz@capitalone.comsie.soheili@capitalone.com

FOR IMMEDIATE RELEASE: April 21, 2026

Capital One Reports First Quarter 2026 Net Income of $2.2 billion, or $3.34 per share

Net of adjusting items, First Quarter 2026 Net Income of $4.42 per share(1)

McLean, Va. (April 21, 2026) – Capital One Financial Corporation (NYSE: COF) today announced net income for the first quarter of 2026 of $2.2 billion, or $3.34 per diluted common share, compared with net income of $2.1 billion, or $3.26 per diluted common share in the fourth quarter of 2025, and with net income of $1.4 billion, or $3.45 per diluted common share in the first quarter of 2025. Adjusted net income(1) for the first quarter of 2026 was $4.42 per diluted common share.

"Our results in the first quarter reflect solid top line growth and strong credit performance," said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer. "The Discover integration continues to go well and we continue to build momentum from this game-changing acquisition."

The quarter included the following adjusting items:

(Dollars in millions, except per share data)Pre-Tax ImpactAfter-Tax Diluted EPS Impact

Discover amortization expenses$477 $0.58

Discover integration expenses$415 $0.50

Capital One First Quarter 2026 Earnings

Page 2

All comparisons below are for the first quarter of 2026 compared with the fourth quarter of 2025 unless otherwise noted.

First Quarter 2026 Income Statement Summary:

•Total net revenue decreased 2 percent to $15.2 billion.

•Total non-interest expense decreased 9 percent to $8.5 billion:

◦23 percent decrease in marketing.

◦6 percent decrease in operating expenses.

•Pre-provision earnings(2) increased 8 percent to $6.8 billion.

•Provision for credit losses decreased $74 million to $4.1 billion:

◦Net charge-offs of $3.8 billion.

◦$230 million loan reserve build.

•Net interest margin of 7.87 percent, a decrease of 39 basis points.

•Efficiency ratio of 55.57 percent.

◦Adjusted efficiency ratio(3) of 49.71 percent.

•Operating efficiency ratio of 45.74 percent.

◦Adjusted operating efficiency ratio(3) of 39.88 percent.

First Quarter 2026 Balance Sheet Summary:

•Common equity Tier 1 capital ratio(4) under Basel III Standardized Approach of 14.4 percent at March 31, 2026.

•Period-end loans held for investment in the quarter decreased $5.9 billion, or 1 percent, to $447.8 billion.

◦Credit Card period-end loans decreased $9.0 billion, or 3 percent, to $270.6 billion.

•Domestic Card period-end loans decreased $8.4 billion, or 3 percent, to $254.0 billion.

◦Consumer Banking period-end loans increased $2.1 billion, or 2 percent, to $86.9 billion.

•Auto period-end loans increased $2.1 billion, or 3 percent, to $85.7 billion.

◦Commercial Banking period-end loans increased $1.1 billion, or 1 percent, to $90.3 billion.

•Average loans held for investment in the quarter increased $1.6 billion, or less than 1 percent, to $446.2 billion.

◦Credit Card average loans decreased $1.3 billion, or less than 1 percent, to $271.0 billion.

•Domestic Card average loans decreased $1.2 billion, or less than 1 percent, to $254.0 billion.

◦Consumer Banking average loans increased $1.7 billion, or 2 percent, to $85.7 billion.

•Auto average loans increased $1.8 billion, or 2 percent, to $84.5 billion.

◦Commercial Banking average loans increased $1.1 billion, or 1 percent, to $89.6 billion.

•Period-end total deposits increased $13.3 billion, or 3 percent, to $489.1 billion, while average deposits increased $9.0 billion, or 2 percent, to $480.0 billion.

•Interest-bearing deposits rate paid decreased 16 basis points to 3.00 percent.

Capital One First Quarter 2026 Earnings

Page 3

Earnings Conference Call Webcast Information

The company will hold an earnings conference call on April 21, 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 May 5, 2026 at 5:00 PM Eastern Time.

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Forward-looking statements often use words such as “will,” “anticipate,” “target,” “expect,” “think,” “estimate,” “intend,” “plan,” “goal,” “believe,” “forecast,” “outlook” or other words of similar meaning. Any forward-looking statements made by Capital