Capital One Financial Consolidated

Table   1:     Financial & Statistical Summary—Consolidated

Table   2:     Notes to Consolidated Financial & Statistical Summary (Table 1)

Table   3:     Consolidated Statements of Income

Table   4:     Consolidated Balance Sheets

Table   5:     Average Balances, Net Interest Income and Net Interest Margin

Table   6:     Loan Information and Performance Statistics

Table   7:     Notes to Loan Information and Performance Statistics (Table 6)

Table   8:     Reconciliation of Non-GAAP Measures and Calculation of Regulatory Capital Measures

(Dollars in millions, except per share data and as noted) (unaudited)

Earnings

Net interest income

Non-interest income ⁽¹⁾⁽²⁾

Total revenue

Provision for loan and lease losses

Marketing expenses

Operating expenses ⁽³⁾

Income from continuing operations before income taxes

Income tax provision

Income from continuing operations, net of tax

Loss from discontinued operations, net of tax ⁽²⁾

Net income

Common Share Statistics

Basic EPS:

Income from continuing operations, net of tax

Loss from discontinued operations, net of tax

Net income per common share

Diluted EPS:

Income from continuing operations, net of tax

Loss from discontinued operations, net of tax

Net income per common share

Weighted average common shares outstanding (in millions):

Basic EPS

Diluted EPS

Common shares outstanding (period end)

Dividends per common share

Tangible book value per common share (period end) ⁽⁴⁾

Stock price per common share (period end)

Total market capitalization (period end)

Balance Sheet (Period End)

Loans held for investment ⁽⁵⁾

Interest-earning assets

Total assets

Tangible assets ⁽⁶⁾

Interest-bearing deposits

Total deposits

Borrowings

Stockholders’ equity

Tangible common equity (TCE) ⁽⁷⁾

Balance Sheet (Quarterly Average Balances)

Average loans held for investment ⁽⁵⁾

Average interest-earning assets

Average total assets

Average interest-bearing deposits

Average total deposits

Average borrowings

Average stockholders’ equity

Performance Metrics

Net interest income growth (quarter over quarter)

Non-interest income growth (quarter over quarter)

Revenue growth (quarter over quarter)

Revenue margin ⁽⁸⁾

Net interest margin ⁽⁹⁾

Risk-adjusted margin ⁽¹⁰⁾

Return on average assets ⁽¹¹⁾

Return on average equity ⁽¹²⁾

Return on average tangible common equity ⁽¹³⁾

Non-interest expense as a % of average loans held for investment ⁽¹⁴⁾

Efficiency ratio ⁽¹⁵⁾

Effective income tax rate

Full-time equivalent employees (in thousands)

Credit Quality Metrics

Allowance for loan and lease losses

Allowance as a % of loans held for investment

Net charge-offs

Net charge-off rate ^{(16) (17)}

30+ day performing delinquency rate

Capital Ratios

Tier 1 risk-based capital ratio ⁽¹⁸⁾

Tier 1 common equity ratio ⁽¹⁹⁾

Total risk-based capital ratio ⁽²⁰⁾

Tangible common equity (TCE) ratio ⁽²¹⁾

(Dollars in millions, except per share data) (unaudited)

Interest income:

Loans held for investment, including past-due fees

Investment securities

Other

Total interest income

Interest expense:

Deposits

Securitized debt obligations

Senior and subordinated notes

Other borrowings

Total interest expense

Net interest income

Provision for loan and lease losses

Net interest income after provision for loan and lease losses

Non-interest income:

Servicing and securitizations

Service charges and other customer-related fees

Interchange

Net other-than-temporary impairment losses recognized in earnings

Other

Total non-interest income

Non-interest expense:

Salaries and associate benefits

Marketing

Communications and data processing

Supplies and equipment

Occupancy

Other

Total non-interest expense

Income from continuing operations before income taxes

Income tax provision

Income from continuing operations, net of tax

Loss from discontinued operations, net of tax

Net income

Basic earnings per common share:

Income from continuing operations

Loss from discontinued operations

Net income per common share

Diluted earnings per common share:

Income from continuing operations

Loss from discontinued operations

Net income per common share

Weighted average common shares outstanding (in millions):

Basic EPS

Diluted EPS

Dividends per common share

(Dollars in millions)(unaudited)

Assets:

Cash and due from banks

Interest-bearing deposits with banks

Federal funds sold and repurchase agreements

Cash and cash equivalents

Restricted cash for securitization investors

Securities available for sale, at fair value

Loans held for investment:

Unsecuritized loans held for investment, at amortized cost

Restricted loans for securitization investors

Total loans held for investment

Less: Allowance for loan and lease losses

Net loans held for investment

Loans held for sale, at lower-of-cost-or-fair-value

Accounts receivable from securitizations

Premises and equipment, net

Interest receivable

Goodwill

Other

Total assets

Liabilities:

Interest payable

Customer deposits:

Non-interest bearing deposits

Interest-bearing deposits

Total customer deposits

Securitized debt obligations

Other debt:

Federal funds purchased and securities loaned or sold under agreements to repurchase

Senior and subordinated notes

Other borrowings

Total other debt

Other liabilities

Total liabilities

Stockholders’ equity:

Common stock

Paid-in capital, net

Retained earnings

Accumulated other comprehensive income

Less: Treasury stock, at cost

Total stockholders’ equity

Total liabilities and stockholders’ equity

(Dollars in millions)(unaudited)

Interest-earning assets:

Loans held for investment

Investment securities

Other