Quarterly ResultOct 20, 2026, 04:11 PM
Capital One Q3 Net Income $3.5B, EPS $5.61; Discover Integration Progresses
AI Summary
Capital One Financial Corporation announced its third quarter 2026 financial results, reporting a net income of $3.5 billion, or $5.61 per diluted share, an increase from the previous quarter. The company highlighted strong revenue growth and improved net interest margin, alongside progress on integration synergies from recent acquisitions. The Discover integration is proceeding well, contributing to expected synergies. The company also noted a decrease in non-interest expense and provision for credit losses.
Key Highlights
- Capital One reported Q3 2026 net income of $3.5 billion, or $5.61 per diluted share, up from $3.0 billion, or $4.73 per share in Q2 2026.
- Adjusted net income for Q3 2026 was $6.69 per diluted share.
- Total net revenue increased 3% to $16.3 billion.
- Total non-interest expense decreased 2% to $8.9 billion.
- Provision for credit losses decreased $73 million to $2.9 billion.
- Net interest margin increased 40 basis points to 8.41%.
- Period-end loans held for investment increased 1% to $462.5 billion.
- Common equity Tier 1 capital ratio was 13.8% as of September 30, 2026.
Price Impact
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