CAPITAL ONE FINANCIAL CORP (COF) Form 10-Q — Nov 3, 2026
Capital One reported Q3 2026 net income of $3.5 billion ($5.61 diluted EPS, up 16% YoY) on total net revenue of $16.3 billion, with nine-month net income of $8.7 billion versus $319 million a year ago as Discover acquisition comparisons normalize. Credit quality improved: the net charge-off rate fell 43bps to 2.73% and 30+ day delinquencies fell 18bps to 3.41%, while the allowance declined to $22.7 billion (4.92% coverage) on favorable Domestic Card performance.
Key figures
- Eps
- 5.61 (Q3 2026 diluted)
- Revenue
- 16,344 million (Q3 2026 total net revenue)
- Net Income
- 3,539 million (Q3 2026)
- Total Debt
- 49,774 million (borrowings, period-end)
- Revenue Yoy
- 6% (Q3 2026 vs Q3 2025)
- Total Assets
- 672,867 million
- Shares Outstanding
- 601533153
- Cet1 ratio
- 13.8%
- Q3 buybacks
- 2.6 billion; 7.9 billion first nine months 2026
- Total deposits
- 480,697 million period-end
- Liquidity reserves
- 205.9 billion
- Nine month revenue
- 47,425 million (25% YoY growth)
- Uninsured deposits
- 72.6 billion (approximately 15% of total deposits)
- Nine month net income
- 8,733 million
- Net charge off rate q3
- 2.73% (down 43bps YoY)
- Net interest income q3
- 12,886 million (4% YoY)
- Nine month eps diluted
- 13.65
- Common dividend per share
- 0.80 quarterly (up 33% YoY)
- Loans held for investment
- 462,530 million period-end
- Allowance for credit losses
- 22,739 million
- Tangible book value per share
- 102.72
- Brex acquisition consideration
- approximately 4.5 billion ($2.6B cash + 10.6M shares valued at $1.9B); paid off $1.1B Brex debt
- Return on tangible common equity q3
- 21.12%
- Discover integration expenses cumulative
- 2.4 billion
AI analysis
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