NYSE$COF

Capital One Financial Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Capital One reported a net income of $706 million for Q4 2023, with earnings per share (EPS) at $1.67. Adjusted EPS, excluding specific items, was $2.24. The company saw a slight increase in total net revenue and managed a solid balance sheet.

Capital One's Q4 2023 results showed a net income of $706 million, or $1.67 per share. Total net revenue increased slightly, and the balance sheet remained strong. The quarter was impacted by a FDIC special assessment.

  • Net income for Q4 2023 was $706 million, or $1.67 per diluted common share.
  • Total net revenue increased 1 percent to $9.5 billion.
  • Period-end loans held for investment increased by $5.7 billion, or 2 percent, to $320.5 billion.
  • Period-end total deposits increased $2.4 billion, or 1 percent, to $348.4 billion.

Headline financials

Total Revenue

$9.51B

Previous: $9.04B+5.2%
EPS (adj)

$2.24

Previous: $2.82-20.6%
Capital Expenditures

$261M

Previous: $290M-10.0%
Free Cash Flow

$6.84B

Previous: $7.87B-13.1%
Net Income

$706M

Previous: $1.2B-41.2%
Operating Income

$3.8B

No prior period
Gross Profit

$13.1B

Previous: $9.04B+45.3%
Stock-Based Comp

$141M

Previous: $76M+85.5%

Revenue & EPS history

Capital One · Revenue · Quarterly

$9.51B

Q4 2023+5.2%vs Q4 2022
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

Capital One did not provide specific forward guidance in this earnings report. The report focused on the results of the fourth quarter of 2023 and full year 2023.

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 Q4 2023

Historical avgQ4 2023

+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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