NYSE$COF

Capital One Financial Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Capital One reported strong third quarter results with increased net income and revenue.

Capital One's third quarter 2024 net income was $1.8 billion, or $4.41 per diluted common share. Total net revenue increased 5% to $10.0 billion. The quarter included adjusting items for Discover integration expenses and FDIC special assessment.

  • Net income for the third quarter of 2024 was $1.8 billion, or $4.41 per diluted common share.
  • Adjusted net income for the third quarter of 2024 was $4.51 per diluted common share.
  • Total net revenue increased 5 percent to $10.0 billion.
  • Period-end loans held for investment increased $2.1 billion, or 1 percent, to $320.2 billion.

Headline financials

Total Revenue

$10B

Previous: $9.37B+6.9%
EPS

$4.41

Previous: $4.45-0.9%
Net Interest Margin

7.1%

No prior period
Efficiency Ratio

53.1%

No prior period
Net Charge-Offs

$2.6B

No prior period
Net Charge-Off Rate

3.3%

No prior period
Allowance for Credit Losses

$16.5B

No prior period
CET1 Capital Ratio

13.6%

No prior period
Total Deposits

$354B

No prior period
Credit Card Loans

$157B

Previous: $147B+6.7%
Consumer Banking Loans

$76.8B

Previous: $76.8B-0.1%
Commercial Banking Loans

$86.8B

Previous: $91.2B-4.8%
Capital Expenditures

-$848M

Previous: -$700M-21.1%
Free Cash Flow

$929M

Previous: $1.09B-14.8%
Net Income

$1.78B

Previous: $1.79B-0.7%
Operating Income

-$1.2B

Previous: -$86M-1293.0%
Gross Profit

$7.53B

Previous: $7.08B+6.4%
Cash & Equivalents

$49.3B

Previous: $44.9B+9.9%
Total Assets

$486B

Previous: $471B+3.2%
Stock-Based Comp

$127M

Previous: $95M+33.7%

Revenue & EPS history

Capital One · Revenue · Quarterly

$10B

Q3 2024+6.9%vs Q3 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Capital One · $8.1B total across 1 segment · Q4 2021

  • Credit Card
    $8.1B

Forward guidance

No specific forward guidance provided in the release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.4%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+2.3%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+10.1%

Q3 2015

Best reaction

-14.0%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-3.7%-5.8%
Q4 2025-4.9%-4.1%-7.2%
Q3 2025+1.5%+3.0%-4.2%
Q2 2025-2.6%-2.9%+1.2%
Q1 2025+3.6%+7.6%+8.7%
Q4 2024+5.2%+6.6%+7.5%
Q3 2024+4.6%+5.7%+21.3%
Q2 2024+0.9%+2.9%-3.9%
Q1 2024-1.8%-3.7%-7.6%
Q4 2023+5.8%+5.7%+3.4%
Q3 2023+9.9%+13.8%+19.8%
Q2 2023-2.0%-2.9%-11.0%
Q1 2023+3.1%-5.2%+8.9%
Q4 2022+8.4%+9.8%+2.2%
Q3 2022+5.1%+4.8%-0.2%
Q2 2022-5.1%-7.3%-2.2%
Q1 2022-8.9%-8.7%-8.8%
Q4 2021-2.3%-3.8%-0.4%
Q3 2021-9.6%-10.5%-7.6%
Q2 2021-1.9%-0.4%+3.1%
Q1 2021+4.4%+7.8%+17.0%
Q4 2020+0.2%+1.7%+16.3%
Q3 2020+5.8%+0.5%+13.4%
Q2 2020+5.3%+6.9%+5.6%
Q1 2020+9.0%+23.7%+16.9%
Q4 2019+2.5%+0.2%-0.6%
Q3 2019+0.5%+1.8%+5.7%
Q2 2019+2.8%+7.0%-3.1%
Q1 2019+6.8%+5.7%+3.4%
Q4 2018-8.0%-6.3%-3.4%
Q3 2018-3.0%-3.2%-2.4%
Q2 2018+0.1%+1.9%+2.1%
Q1 2018-4.9%-5.9%-2.2%
Q4 2017-0.2%-0.6%-8.4%
Q3 2017+1.2%+3.4%-2.7%
Q2 2017+8.1%+7.0%+0.2%
Q1 2017-1.9%-5.1%-6.1%
Q4 2016+1.7%+2.6%+7.5%
Q3 2016+0.0%-1.0%+12.2%
Q2 2016-0.9%+0.1%+1.4%
Q1 2016-0.9%
Q4 2015+7.9%
Q3 2015+10.1%
Q2 2015-14.0%
Q1 2015-1.6%
Q4 2014+0.5%
Q3 2014-3.5%
Q2 2014-2.5%
Q1 2014+0.5%
Q4 2013-6.0%
Q3 2013-0.9%
Q2 2013+3.3%
Q1 2013+6.5%
Q4 2012-7.7%
Q3 2012+4.7%
Q2 2012-0.8%
Q1 2012+0.9%
Q4 2011-0.3%
Q3 2011+1.5%
Q2 2011-12.7%
Q1 2011-0.0%
Q4 2010+1.5%
Q4 2007+1.5%
Q3 2010-4.0%
Q2 2010+1.4%
Q4 2008+1.4%
Q1 2009+1.4%
Q4 2009+1.4%
Q1 2010-0.8%
Q3 2009+5.4%
Q3 2008+5.4%
Q2 2009-4.0%
Q2 2008-4.0%

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