From Nasdaq Inc.:

Capital One Financial held its Q4 2023 earnings call on January 25, 2024, reporting $706 million in earnings for the quarter, or $1.67 per share. Included in this was a $289 million accrual for the FDIC special assessment. The company’s net interest margin for the quarter was 6.73%, and their common equity tier 1 capital ratio ended the quarter at 12.9%. Their 30-plus delinquency rate for the quarter was at 4.61%. Despite stabilization in credit results, the company’s 30-plus delinquency rate at the end of the quarter increased 118 basis points from the prior year to 4.61%.



Read more: Capital One Financial (COF) Q4 2023 Earnings Call Transcript