Capital One Reports Fourth Quarter 2017 Net Loss of $971 million, or $2.17 per share

MCLEAN, Va., Jan. 23, 2018

"In 2017, we continued to grow loans and revenue. We improved our efficiency. Our digital and technology transformation continued to gain momentum. And, we delivered 7.4% EPS growth, net of adjustments," said Richard D. Fairbank, Founder, Chairman and Chief Executive Officer. "Our 2017 results put us in a strong position to continue to deliver attractive growth and returns over the long-term."

Adjusting items in the fourth quarter of 2017, which are excluded from diluted EPS and the efficiency ratio (see Table 15 in our Financial Supplement for additional information):

	Pre-Tax			Diluted EPS
(Dollars in millions, except per share data) ARIVA.DE Börsen-Geflüster Werbung Weiter abwärts? Kurzfristig positionieren in Capital One Financial ME6RGN Ask: 1,32 Hebel: 7,89 mit moderatem Hebel Zum Produkt Morgan Stanley Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie hier: ME6RGN,. Beachten Sie auch die weiteren Hinweise zu dieser Werbung. Der Emittent ist berechtigt, Wertpapiere mit open end-Laufzeit zu kündigen. Kurse Capital One Financial 139,00 € -0,71%	Impact			Impact
Impacts of the Tax Act(2)	$	(1,769)		$	(3.61)
Restructuring charges	(76)			(0.10)
Build in the U.K. Payment Protection Insurance customer refund reserve ("U.K. PPI Reserve")	(31)			(0.07)

Notable items in the fourth quarter of 2017 included: 

All comparisons below are for the fourth quarter of 2017 compared with the third quarter of 2017 unless otherwise noted.

Fourth Quarter 2017 Income Statement Summary: 

• Total net revenue remained substantially flat at $7.0 billion.
• Total non-interest expense increased 6 percent to $3.8 billion:
• 4 percent increase in operating expenses.
• 21 percent increase in marketing.
• Pre-provision earnings decreased 5 percent to $3.2 billion(2).
• Provision for credit losses increased 5 percent to $1.9 billion:
• Net charge-offs of $1.8 billion.
• $98 million reserve build.
• Net interest margin of 7.03 percent, down 5 basis points.
• Efficiency ratio of 53.89 percent.
• Efficiency ratio excluding adjusting items was 52.50 percent(1).

Fourth Quarter 2017 Balance Sheet Summary: 

• Common equity Tier 1 capital ratio under Basel III Standardized Approach of 10.3 percent at December 31, 2017.
• Period-end loans held for investment in the quarter increased $2.1 billion, or 1 percent, to $254.5 billion.
• Domestic Card period-end loans increased $5.3 billion, or 5 percent, to $105.3 billion.
• Consumer Banking period-end loans decreased $486 million, or 1 percent, to $75.1 billion:
• Auto period-end loans increased $701 million, or 1 percent, to $54.0 billion.
• Home loans period-end loans decreased $1.2 billion, or 6 percent, to $17.6 billion, primarily driven by run-off of acquired portfolios. 
• Commercial Banking period-end loans decreased $3.1 billion, or 5 percent, to $64.6 billion.
• Average loans held for investment in the quarter increased $6.7 billion, or 3 percent, to $252.6 billion.
• Domestic Card average loans increased $7.4 billion, or 8 percent, to $101.1 billion.
• Consumer Banking average loans decreased $74 million, or less than 1 percent, to $75.3 billion:
• Auto average loans increased $1.1 billion, or 2 percent, to $53.7 billion.
• Home loans average loans decreased $1.2 billion, or 6 percent, to $18.1 billion, primarily driven by run-off of acquired portfolios.
• Commercial Banking average loans decreased $659 million, or 1 percent, to $67.2 billion.

• Period-end total deposits increased $4.6 billion, or 2 percent, to $243.7 billion, while average deposits increased $2.7 billion, or 1 percent, to $241.6 billion.
• Interest-bearing deposits rate paid increased 8 basis points to 0.85 percent.
  

All comparisons below are for the full year of 2017 compared with the full year of 2016 unless otherwise noted.

2017 Full Year Income Statement Summary:

• Total net revenue increased 7 percent to $27.2 billion.
• Total non-interest expense increased 5 percent to $14.2 billion:
• 8 percent decrease in marketing.
• 7 percent increase in operating expenses.      
• Pre-provision earnings increased 9 percent to $13.0 billion(2).  
• Provision for credit losses increased 17 percent to $7.6 billion. 
• Efficiency ratio of 52.11 percent.   
• Efficiency ratio excluding adjusting items was 51.02 percent(1).

Earnings Conference Call Webcast Information

The company will hold an earnings conference call on January 23, 2018 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). Choose "About Us," then 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 February 6, 2018 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. Capital One cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors, including those listed from time to time in reports that Capital One files with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2016.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $243.7 billion in deposits and $365.7 billion in total assets as of December 31, 2017. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

Exhibit 99.2
Capital One Financial Corporation
Financial Supplement(1)(2)
Fourth Quarter 2017
Table of Contents
Capital One Financial Corporation Consolidated Results			Page
	Table 1:	Financial Summary—Consolidated	1
	Table 2:	Selected Metrics—Consolidated	3
	Table 3:	Consolidated Statements of Income	4
	Table 4:	Consolidated Balance Sheets	6
	Table 5:	Notes to Financial Summary, Selected Metrics and Consolidated Financial Statements (Tables 1—4)	8
	Table 6:	Average Balances, Net Interest Income and Net Interest Margin	10
	Table 7:	Loan Information and Performance Statistics Werbung Mehr Nachrichten zur Capital One Financial Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 24.04.24 - PR Newswire Fidelity China Special Situations Plc - Transaction in Own Shares 24.04.24 - PR Newswire Oxford Instruments Plc - Holding(s) in Company 24.04.24 - PR Newswire Fidelity Asian Values Plc - Monthly Factsheet Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59