Document

Exhibit 99.2

Capital One Financial Corporation

Financial Supplement(1)(2)(3)

Third Quarter 2026

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	9
	Table 7:	Loan Information and Performance Statistics	10
	Table 8:	Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity	13
Business Segment Results
	Table 9:	Financial Summary—Business Segment Results	14
	Table 10:	Financial & Statistical Summary—Credit Card Business	15
	Table 11:	Financial & Statistical Summary—Consumer Banking Business	17
	Table 12:	Financial & Statistical Summary—Commercial Banking Business	18
	Table 13:	Financial & Statistical Summary—Other and Total	19
Other
	Table 14:	Notes to Net Interest Margin, Loan, Allowance and Business Segment Disclosures (Tables 6—13)	20
	Table 15:	Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures	21
	Table 16:	Notes to Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures (Table 15)	26

__________

(1)The information contained in this Financial Supplement is preliminary and based on data available at the time of the earnings presentation. Investors should refer to our Quarterly Report on Form 10-Q for the period ended September 30, 2026 once it is filed with the Securities and Exchange Commission.

(2)This Financial Supplement includes non-GAAP measures. We believe these non-GAAP measures are useful to investors and users of our financial information as they provide an alternate measurement of our performance and assist when assessing returns and capital management over time. These non-GAAP measures should not be viewed as a substitute for reported results determined in accordance with generally accepted accounting principles in the U.S. (“GAAP”), nor are they necessarily comparable to non-GAAP measures that may be presented by other companies. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for a reconciliation of any non-GAAP financial measures.

(3)On April 7, 2026, we completed the acquisition of Brex in a combination of stock and cash transaction.

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 1: Financial Summary—Consolidated


											2026 Q3		Nine Months Ended September 30,
(Dollars in millions, except per share data and as noted)	2026		2026		2026		2025		2025		2026	2025					2026 vs.
	Q3		Q2		Q1		Q4		Q3		Q2	Q3	2026		2025		2025
Income Statement
Net interest income	$	12,886	$	12,374	$	12,145	$	12,466	$	12,404	4%	4%	$	37,405	$	30,412	23%
Non-interest income	3,458		3,476		3,086		3,117		2,955		(1)	17	10,020		7,439		35
Total net revenue(1)	16,344		15,850		15,231		15,583		15,359		3	6	47,425		37,851		25
Provision for credit losses	2,916		2,989		4,068		4,142		2,714		(2)	7	9,973		16,513		(40)
Non-interest expense:
Marketing	1,594		1,661		1,497		1,934		1,403		(4)	14	4,752		3,950		20
Operating expense	7,262		7,382		6,967		7,408		6,860		(2)	6	21,611		17,206		26
Total non-interest expense	8,856		9,043		8,464		9,342		8,263		(2)	7	26,363		21,156		25
Income from continuing operations before income taxes	4,572		3,818		2,699		2,099		4,382		20	4	11,089		182		**
Income tax provision (benefit)	1,033		798		518		345		1,189		29	(13)	2,349		(152)		**
Income from continuing operations, net of tax	3,539		3,020		2,181		1,754		3,193		17	11	8,740		334		**
Income (loss) from discontinued operations, net of tax	—		—		(7)		380		(1)		—	**	(7)		(15)		(53)
Net income	3,539		3,020		2,174		2,134		3,192		17	11	8,733		319		**
Dividends and undistributed earnings allocated to participating securities(2)	(32)		(28)		(20)		(20)		(33)		14	(3)	(80)		(13)		**
Preferred stock dividends	(73)		(57)		(73)		(57)		(73)		28	—	(203)		(195)		4%
Impacts from preferred stock redemptions	(12)		—		—		—		—		**	**	(12)		6		**
Net income available to common stockholders	$	3,422	$	2,935	$	2,081	$	2,057	$	3,086	17%	11%	$	8,438	$	117	**
Common Share Statistics
Basic earnings per common share:(2)
Net income from continuing operations	$	5.62	$	4.73	$	3.35	$	2.66	$	4.83	19%	16%	$	13.68	$	0.26	**
Income (loss) from discontinued operations	—		—		(0.01)		0.60		—		—	—	(0.01)		(0.03)		(67)%
Net income per basic common share	$	5.62	$	4.73	$	3.34	$	3.26	$	4.83	19%	16%	$	13.67	$	0.23	**
Diluted earnings per common share:(2)
Net income from continuing operations	$	5.61	$	4.73	$	3.35	$	2.66	$	4.83	19%	16%	$	13.66	$	0.26	**
Income (loss) from discontinued operations	—		—		(0.01)		0.60		—		—	—	(0.01)		(0.03)		(67)%
Net income per diluted common share	$	5.61	$	4.73	$	3.34	$	3.26	$	4.83	19%	16%	$	13.65	$	0.23	**
Weighted-average common shares outstanding (in millions):
Basic	608.9		620.5		622.5		631.1		639.0		(2)%	(5)%	617.2		510.2		21%
Diluted	609.5		621.1		623.4		631.6		639.5		(2)	(5)	618.0		510.9		21
Common shares outstanding (period-end, in millions)	601.5		613.5		615.9		625.1		635.7		(2)	(5)	601.5		635.7		(5)
Dividends declared and paid per common share	$	0.80	$	0.80	$	0.80	$	0.80	$	0.60	—	33	$	2.40	$	1.80	33
Tangible book value per common share (period-end)(3)	102.72		105.21		107.76		107.72		105.18		(2)%	(2)%	102.72		105.18		(2)%


											2026 Q3		Nine Months Ended September 30,
(Dollars in millions)	2026		2026		2026		2025		2025		2026	2025					2026 vs.
	Q3		Q2		Q1		Q4		Q3		Q2	Q3	2026		2025		2025
Balance Sheet (Period-End)
Loans held for investment	$	462,530	$	457,168	$	447,754	$	453,622	$	443,159	1%	4%	$	462,530	$	443,159	4%
Interest-earning assets	610,799		610,913		624,560		613,750		605,235		—	1	610,799		605,235		1
Total assets	672,867		673,835		682,905		669,009		661,877		—	2	672,867		661,877		2
Interest-bearing deposits	453,006		456,464		461,117		448,386		441,136		(1)	3	453,006		441,136		3
Total deposits	480,697		484,257		489,053		475,771		468,785		(1)	3	480,697		468,785		3
Borrowings	49,774		45,371		51,888		51,000		51,482		10	(3)	49,774		51,482		(3)
Common equity	105,237		108,386		106,854		108,209		108,406		(3)	(3)	105,237		108,406		(3)
Total stockholders’ equity	109,656		113,793		112,261		113,616		113,813		(4)	(4)	109,656		113,813		(4)
Balance Sheet (Average Balances)
Loans held for investment	$	457,380	$	450,679	$	446,235	$	444,680	$	439,859	1%	4%	$	451,472	$	380,564	19%
Interest-earning assets	612,521		617,583		617,173		603,730		593,247		(1)	3	615,741		527,461		17
Total assets	676,168		682,079		675,999		665,656		657,858		(1)	3	678,056		574,602		18
Interest-bearing deposits	454,245		458,130		451,957		442,763		439,527		(1)	3	454,785		388,541		17
Total deposits	482,613		486,791		479,958		470,965		467,280		(1)	3	483,130		415,686		16
Borrowings	48,061		49,092		52,348		50,814		50,180		(2)	(4)	49,818		47,097		6
Common equity	108,486		109,111		109,149		109,997		107,412		(1)	1	108,913		82,306		32
Total stockholders’ equity	113,571		114,518		114,556		115,404		112,819		(1)	1	114,211		87,511		31

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 2: Selected Metrics—Consolidated


																2026 Q3				Nine Months Ended September 30,
(Dollars in millions, except as noted)	2026			2026			2026			2025			2025			2026		2025								2026 vs.
	Q3			Q2			Q1			Q4			Q3			Q2		Q3		2026			2025			2025
Performance Metrics
Net interest income growth (period over period)	4		%	2		%	(3)		%	—		%	24		%	**		**		23		%	32		%	**
Non-interest income growth (period over period)	(1)			13			(1)			5			18			**		**		35			28			**
Total net revenue growth (period over period)	3			4			(2)			1			23			**		**		25			31			**
Total net revenue margin(4)	10.67			10.27			9.87			10.32			10.36			40bps		31bps		10.27			9.57			70bps
Net interest margin(5)	8.41			8.01			7.87			8.26			8.36			40		5		8.10			7.69			41
Return on average assets(6)	2.09			1.77			1.29			1.05			1.94			32		15		1.72			0.08			164
Return on average tangible assets(7)	2.24			1.89			1.37			1.12			2.07			35		17		1.83			0.08			175
Return on average common equity(8)	12.62			10.76			7.65			6.10			11.50			186		112		10.34			0.21			1,013
Return on average tangible common equity(9)	21.12			18.04			12.20			9.74			18.82			308		230		17.04			0.33			1,671

Efficiency ratio(10)	54.19			57.05			55.57			59.95			53.80			(286)		39		55.59			55.89			(30)
Operating efficiency ratio(11)	44.43			46.57			45.74			47.54			44.66			(214)		(23)		45.57			45.46			11
Effective income tax rate for continuing operations	22.6			20.9			19.2			16.4			27.1			170		(450)		21.2			(83.5)			**
Employees (period-end, in thousands)	77.5			78.4			77.1			76.3			77.0			(1)%		1%		77.5			77.0			1%
Credit Quality Metrics
Allowance for credit losses	$	22,739		$	22,966		$	23,630		$	23,409		$	23,103		(1)%		(2)%		$	22,739		$	23,103		(2)%
Allowance coverage ratio	4.92		%	5.02		%	5.28		%	5.16		%	5.21		%	(10)	bps	(29)	bps	4.92		%	5.21		%	(29)	bps
Net charge-offs	$	3,121		$	3,642		$	3,847		$	3,833		$	3,473		(14)%		(10)%		$	10,610		$	9,269		14%
Net charge-off rate(12)	2.73		%	3.23		%	3.45		%	3.45		%	3.16		%	(50)	bps	(43)	bps	3.13		%	3.25		%	(12)	bps
30+ day performing delinquency rate	3.18			2.91			3.04			3.41			3.29			27		(11)		3.18			3.29			(11)
30+ day delinquency rate	3.41			3.13			3.24			3.59			3.50			28		(9)		3.41			3.50			(9)
Capital Ratios(13)
Common equity Tier 1 capital	13.8		%	13.7		%	14.4		%	14.3		%	14.4		%	10bps		(60)	bps	13.8		%	14.4		%	(60)	bps
Tier 1 capital	14.6			14.8			15.4			15.3			15.5			(20)		(90)		14.6			15.5			(90)
Total capital	16.5			16.6			17.3			17.2			17.3			(10)		(80)		16.5			17.3			(80)
Tier 1 leverage	11.9			11.8			12.2			12.5			12.6			10		(70)		11.9			12.6			(70)
Tangible common equity (“TCE”)(14)	9.8			10.2			10.3			10.7			10.8			(40)		(100)		9.8			10.8			(100)

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 3: Consolidated Statements of Income


											2026 Q3		Nine Months Ended September 30,
(Dollars in millions, except as noted)	2026		2026		2026		2025		2025		2026	2025					2026 vs.
	Q3		Q2		Q1		Q4		Q3		Q2	Q3	2026		2025		2025
Interest income:
Loans, including loans held for sale	$	15,515	$	14,911	$	14,735	$	15,186	$	15,229	4%	2%	$	45,161	$	37,835	19%
Investment securities	867		850		832		841		823		2	5	2,549		2,377		7
Other	517		624		664		660		711		(17)	(27)	1,805		1,797		—
Total interest income	16,899		16,385		16,231		16,687		16,763		3	1	49,515		42,009		18
Interest expense:
Deposits	3,334		3,338		3,387		3,493		3,597		—	(7)	10,059		9,432		7
Securitized debt obligations	127		117		141		155		165		9	(23)	385		505		(24)
Senior and subordinated notes	528		535		532		550		582		(1)	(9)	1,595		1,622		(2)
Other borrowings	24		21		26		23		15		14	60	71		38		87
Total interest expense	4,013		4,011		4,086		4,221		4,359		—	(8)	12,110		11,597		4
Net interest income	12,886		12,374		12,145		12,466		12,404		4	4	37,405		30,412		23
Provision for credit losses	2,916		2,989		4,068		4,142		2,714		(2)	7	9,973		16,513		(40)
Net interest income after provision for credit losses	9,970		9,385		8,077		8,324		9,690		6	3	27,432		13,899		97
Non-interest income:
Discount and interchange fees, net	2,335		2,256		1,964		1,930		1,812		4	29	6,555		4,513		45
Service charges and other customer-related fees	807		808		809		833		849		—	(5)	2,424		2,016		20
Net securities gains (losses)	(40)		—		—		—		—		**	**	(40)		—		**
Other	356		412		313		354		294		(14)	21	1,081		910		19
Total non-interest income	3,458		3,476		3,086		3,117		2,955		(1)	17	10,020		7,439		35
Non-interest expense:
Salaries and associate benefits	3,733		3,769		3,671		3,430		3,496		(1)	7	11,173		9,041		24
Occupancy and equipment	985		969		867		958		856		2	15	2,821		2,208		28
Marketing	1,594		1,661		1,497		1,934		1,403		(4)	14	4,752		3,950		20
Professional services	604		667		585		693		641		(9)	(6)	1,856		1,731		7
Communications and data processing	622		489		496		482		476		27	31	1,607		1,288		25
Amortization of intangibles	508		507		492		525		514		—	(1)	1,507		801		88
Other	810		981		856		1,320		877		(17)	(8)	2,647		2,137		24
Total non-interest expense	8,856		9,043		8,464		9,342		8,263		(2)	7	26,363		21,156		25
Income from continuing operations before income taxes	4,572		3,818		2,699		2,099		4,382		20	4	11,089		182		**
Income tax provision (benefit)	1,033		798		518		345		1,189		29	(13)	2,349		(152)		**
Income from continuing operations, net of tax	3,539		3,020		2,181		1,754		3,193		17	11	8,740		334		**
Income (loss) from discontinued operations, net of tax	—		—		(7)		380		(1)		—	**	(7)		(15)		(53)
Net income	3,539		3,020		2,174		2,134		3,192		17	11	8,733		319		**
Dividends and undistributed earnings allocated to participating securities(2)	(32)		(28)		(20)		(20)		(33)		14	(3)	(80)		(13)		**
Preferred stock dividends	(73)		(57)		(73)		(57)		(73)		28	—	(203)		(195)		4%
Impacts from preferred stock redemptions	(12)		—		—		—		—		**	**	(12)		6		**
Net income available to common stockholders	$	3,422	$	2,935	$	2,081	$	2,057	$	3,086	17%	11%	$	8,438	$	117	**



											2026 Q3		Nine Months Ended September 30,
	2026		2026		2026		2025		2025		2026	2025					2026 vs.
	Q3		Q2		Q1		Q4		Q3		Q2	Q3	2026		2025		2025
Basic earnings per common share:(2)
Net income from continuing operations	$	5.62	$	4.73	$	3.35	$	2.66	$	4.83	19%	16%	$	13.68	$	0.26	**
Income (loss) from discontinued operations	—		—		(0.01)		0.60		—		—	—	(0.01)		(0.03)		(67)%
Net income per basic common share	$	5.62	$	4.73	$	3.34	$	3.26	$	4.83	19%	16%	$	13.67	$	0.23	**
Diluted earnings per common share:(2)
Net income from continuing operations	$	5.61	$	4.73	$	3.35	$	2.66	$	4.83	19%	16%	$	13.66	$	0.26	**
Income (loss) from discontinued operations	—		—		(0.01)		0.60		—		—	—	(0.01)		(0.03)		(67)%
Net income per diluted common share	$	5.61	$	4.73	$	3.34	$	3.26	$	4.83	19%	16%	$	13.65	$	0.23	**
Weighted-average common shares outstanding (in millions):
Basic common shares	608.9		620.5		622.5		631.1		639.0		(2)%	(5)%	617.2		510.2		21%
Diluted common shares	609.5		621.1		623.4		631.6		639.5		(2)	(5)	618.0		510.9		21

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 4: Consolidated Balance Sheets


											2026 Q3
	2026		2026		2026		2025		2025		2026		2025
(Dollars in millions)	Q3		Q2		Q1		Q4		Q3		Q2		Q3
Assets:
Cash and cash equivalents:
Cash and due from banks	$	4,950	$	4,834	$	4,555	$	3,031	$	4,606	2%		7%
Interest-bearing deposits and other short-term investments	43,939		49,880		71,939		54,403		50,673		(12)		(13)
Total cash and cash equivalents	48,889		54,714		76,494		57,434		55,279		(11)		(12)
Restricted cash for securitization investors	442		1,167		2,762		4,659		3,248		(62)		(86)

Investment securities:
Investment securities available for sale	85,990		90,041		90,620		91,051		89,733		(4)		(4)
Investment securities held to maturity	3,781		2,737		1,694		—		—		38		**
Total investment securities	89,771		92,778		92,314		91,051		89,733		(3)		—
Loans held for investment:
Unsecuritized loans held for investment	435,477		431,440		421,360		425,665		389,808		1		12
Loans held in consolidated trusts(15)	27,053		25,728		26,394		27,957		53,351		5		(49)
Total loans held for investment	462,530		457,168		447,754		453,622		443,159		1		4
Allowance for credit losses	(22,739)		(22,966)		(23,630)		(23,409)		(23,103)		(1)		(2)
Net loans held for investment	439,791		434,202		424,124		430,213		420,056		1		5
Loans held for sale	636		264		186		760		670		141		(5)
Premises and equipment, net	6,158		6,244		5,730		5,602		5,576		(1)		10
Interest receivable	3,531		3,432		3,460		3,492		3,456		3		2
Goodwill	31,880		31,866		28,502		28,509		28,863		—		10
Other intangible assets	15,569		16,077		16,087		16,578		17,042		(3)		(9)
Other assets	36,200		33,091		33,246		30,711		29,957		9		21
Assets of discontinued operations	—		—		—		—		7,997		—		**
Total assets	$	672,867	$	673,835	$	682,905	$	669,009	$	661,877	—	%	2%


											2026 Q3
	2026		2026		2026		2025		2025		2026		2025
(Dollars in millions)	Q3		Q2		Q1		Q4		Q3		Q2		Q3
Liabilities:
Interest payable	$	782	$	816	$	827	$	844	$	826	(4)	%	(5)	%
Deposits:
Non-interest-bearing deposits	27,691		27,793		27,936		27,385		27,649		—		—
Interest-bearing deposits	453,006		456,464		461,117		448,386		441,136		(1)		3
Total deposits	480,697		484,257		489,053		475,771		468,785		(1)		3
Securitized debt obligations	11,280		8,502		11,283		12,853		13,642		33		(17)
Other debt:
Federal funds purchased and securities loaned or sold under agreements to repurchase	612		694		626		587		616		(12)		(1)
Senior and subordinated notes	36,347		35,620		38,421		36,001		36,662		2		(1)
Other borrowings	1,535		555		1,558		1,559		562		177		173
Total other debt	38,494		36,869		40,605		38,147		37,840		4		2
Other liabilities	31,958		29,598		28,876		27,778		26,941		8		19
Liabilities of discontinued operations	—		—		—		—		30		—		**
Total liabilities	563,211		560,042		570,644		555,393		548,064		1		3

Stockholders’ equity:
Preferred stock	0		0		0		0		0		—		—
Common stock	7		7		7		7		7		—		—
Additional paid-in capital, net	64,397		65,105		64,284		64,031		63,725		(1)		1
Retained earnings	72,213		69,250		66,788		65,192		63,624		4		13
Accumulated other comprehensive loss	(10,008)		(6,300)		(5,879)		(5,468)		(5,917)		59		69
Treasury stock, at cost	(16,953)		(14,269)		(12,939)		(10,146)		(7,626)		19		122
Total stockholders’ equity	109,656		113,793		112,261		113,616		113,813		(4)		(4)
Total liabilities and stockholders’ equity	$	672,867	$	673,835	$	682,905	$	669,009	$	661,877	—	%	2%

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 5: Notes to Financial Summary, Selected Metrics and Consolidated Financial Statements (Tables 1—4)

(1)Total net revenue was reduced by $784 million in Q3 2026, $898 million in Q2 2026, $980 million in Q1 2026, $941 million in Q4 2025 and $869 million in Q3 2025 for credit card finance charges and fees charged off as uncollectible.

(2)Dividends and undistributed earnings allocated to participating securities and earnings per share are computed independently for each period. Accordingly, the sum of each quarterly amount may not agree to the year-to-date total. We also provide adjusted diluted earnings per share, which is a non-GAAP measure. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on our non-GAAP measures.

(3)Tangible book value per common share is a non-GAAP measure calculated based on TCE divided by common shares outstanding. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on non-GAAP measures.

(4)Total net revenue margin is calculated based on annualized total net revenue for the period divided by average interest-earning assets for the period.

(5)Net interest margin is calculated based on annualized net interest income for the period divided by average interest-earning assets for the period.

(6)Return on average assets is calculated based on annualized net income (loss) less annualized income (loss) from discontinued operations, net of tax, for the period divided by average total assets for the period.

(7)Return on average tangible assets is a non-GAAP measure calculated based on annualized net income (loss) less annualized income (loss) from discontinued operations, net of tax, for the period divided by average tangible assets for the period. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on non-GAAP measures.

(8)Return on average common equity is calculated based on annualized net income (loss) available to common stockholders less annualized income (loss) from discontinued operations, net of tax, for the period, divided by average common equity. Our calculation of return on average common equity may not be comparable to similarly-titled measures reported by other companies.

(9)Return on average tangible common equity is a non-GAAP measure calculated based on annualized net income (loss) available to common stockholders less annualized income (loss) from discontinued operations, net of tax, for the period, divided by average TCE. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on non-GAAP measures.

(10)Efficiency ratio is calculated based on total non-interest expense for the period divided by total net revenue for the period. We also provide an adjusted efficiency ratio, which is a non-GAAP measure. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on our non-GAAP measures.

(11)Operating efficiency ratio is calculated based on operating expense for the period divided by total net revenue for the period. We also provide an adjusted operating efficiency ratio, which is a non-GAAP measure. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on our non-GAAP measures.

(12)Net charge-off rate is calculated based on annualized net charge-offs for the period divided by average loans held for investment for the period.

(13)Capital ratios as of the end of Q3 2026 are preliminary and therefore subject to change. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for information on the calculation of each of these ratios.

(14)TCE ratio is a non-GAAP measure calculated based on TCE divided by tangible assets. See “Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures” for additional information on non-GAAP measures.

(15)On December 18, 2025, after giving effect to the Discover Card Execution Note Trust (“DCENT”) Defeasance Amendments, Funding, as Beneficiary on behalf of DCENT, defeased the outstanding DiscoverSeries Class A(2021-2) Notes, Class A(2023-1) Notes, and Class A(2023-2) Notes (collectively, the “Class A Notes”) issued by DCENT.

** Not meaningful.

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 6: Average Balances, Net Interest Income and Net Interest Margin


	2026 Q3						2026 Q2						2025 Q3
(Dollars in millions, except as noted)	Average Balance		Interest Income/ Expense		Yield/Rate(1)		Average Balance		Interest Income/ Expense		Yield/Rate(1)		Average Balance		Interest Income/ Expense		Yield/Rate(1)
Interest-earning assets:
Loans, including loans held for sale	$	457,831	$	15,515	13.56	%	$	450,862	$	14,911	13.23	%	$	440,374	$	15,229	13.83	%
Investment securities	99,842		867		3.48		99,339		850		3.42		96,186		823		3.42
Cash equivalents and other	54,848		517		3.77		67,382		624		3.70		56,687		711		5.02
Total interest-earning assets	$	612,521	$	16,899	11.04	%	$	617,583	$	16,385	10.61	%	$	593,247	$	16,763	11.30	%
Interest-bearing liabilities:
Interest-bearing deposits	$	454,245	$	3,334	2.94	%	$	458,130	$	3,338	2.91	%	$	439,527	$	3,597	3.27	%
Securitized debt obligations	10,918		127		4.66		10,190		117		4.59		12,919		165		5.11
Senior and subordinated notes	35,603		528		5.93		37,498		535		5.70		36,272		582		6.41
Other borrowings and liabilities(2)	4,356		24		2.17		3,838		21		2.30		3,120		15		2.04
Total interest-bearing liabilities	$	505,122	$	4,013	3.18	%	$	509,656	$	4,011	3.15	%	$	491,838	$	4,359	3.55	%
Net interest income/spread			$	12,886	7.86				$	12,374	7.46				$	12,404	7.75
Impact of non-interest-bearing funding					0.55						0.55						0.61
Net interest margin					8.41	%					8.01	%					8.36	%




	Nine Months Ended September 30,
	2026						2025
(Dollars in millions, except as noted)	Average Balance		Interest Income/ Expense		Yield/Rate(1)		Average Balance		Interest Income/ Expense		Yield/Rate(1)
Interest-earning assets:
Loans, including loans held for sale	$	451,851	$	45,161	13.33	%	$	380,992	$	37,835	13.24	%
Investment securities	99,002		2,549		3.43		93,970		2,377		3.37
Cash equivalents and other	64,888		1,805		3.71		52,499		1,797		4.56
Total interest-earning assets	$	615,741	$	49,515	10.72	%	$	527,461	$	42,009	10.62	%
Interest-bearing liabilities:
Interest-bearing deposits	$	454,785	$	10,059	2.95	%	$	388,541	$	9,432	3.24	%
Securitized debt obligations	11,189		385		4.59		13,228		505		5.10
Senior and subordinated notes	36,974		1,595		5.75		33,180		1,622		6.52
Other borrowings and liabilities(2)	4,145		71		2.30		2,771		38		1.84
Total interest-bearing liabilities	$	507,093	$	12,110	3.18	%	$	437,720	$	11,597	3.53	%
Net interest income/spread			$	37,405	7.54				$	30,412	7.09
Impact of non-interest-bearing funding					0.56						0.60
Net interest margin					8.10	%					7.69	%

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 7: Loan Information and Performance Statistics (3)


											2026 Q3			Nine Months Ended September 30,
	2026		2026		2026		2025		2025		2026		2025	2026		2025		2026 vs.
(Dollars in millions, except as noted)	Q3		Q2		Q1		Q4		Q3		Q2		Q3					2025
Loans Held for Investment (Period-End)
Credit card:
Domestic credit card	$	260,252	$	259,005	$	254,028	$	262,403	$	253,951	—		2%	$	260,252	$	253,951	2%
Personal loans	7,984		8,619		9,070		9,499		9,646		(7)	%	(17)	7,984		9,646		(17)
International card businesses	8,124		7,784		7,460		7,668		7,440		4		9	8,124		7,440		9
Total credit card	276,360		275,408		270,558		279,570		271,037		—		2	276,360		271,037		2
Consumer banking:
Auto	92,901		89,311		85,700		83,600		82,035		4		13	92,901		82,035		13

Retail banking	1,142		1,156		1,173		1,190		1,195		(1)		(4)	1,142		1,195		(4)
Total consumer banking	94,043		90,467		86,873		84,790		83,230		4		13	94,043		83,230		13
Commercial banking:
Commercial and multifamily real estate	35,636		34,290		33,809		33,618		33,461		4		7	35,636		33,461		7
Commercial and industrial	56,491		57,003		56,514		55,644		55,431		(1)		2	56,491		55,431		2
Total commercial banking	92,127		91,293		90,323		89,262		88,892		1		4	92,127		88,892		4

Total loans held for investment	$	462,530	$	457,168	$	447,754	$	453,622	$	443,159	1	%	4%	$	462,530	$	443,159	4%
Loans Held for Investment (Average)
Credit card:
Domestic credit card	$	257,311	$	254,625	$	254,036	$	255,221	$	252,090	1%		2%	$	255,336	$	200,221	28%
Personal loans	8,314		8,866		9,310		9,618		9,703		(6)		(14)	8,826		4,863		81
International card businesses	8,045		7,706		7,628		7,389		7,382		4		9	7,795		7,088		10
Total credit card	273,670		271,197		270,974		272,228		269,175		1		2	271,957		212,172		28
Consumer banking:
Auto	91,178		87,419		84,522		82,767		81,094		4		12	87,731		79,080		11

Retail banking	1,152		1,164		1,179		1,190		1,201		(1)		(4)	1,165		1,224		(5)
Total consumer banking	92,330		88,583		85,701		83,957		82,295		4		12	88,896		80,304		11
Commercial banking:
Commercial and multifamily real estate	34,354		33,978		33,539		33,155		33,104		1		4	33,960		32,458		5
Commercial and industrial	57,026		56,921		56,021		55,340		55,285		—		3	56,659		55,630		2
Total commercial banking	91,380		90,899		89,560		88,495		88,389		1		3	90,619		88,088		3
Total average loans held for investment	$	457,380	$	450,679	$	446,235	$	444,680	$	439,859	1%		4%	$	451,472	$	380,564	19%


											2026 Q3				Nine Months Ended September 30,
	2026		2026		2026		2025		2025		2026		2025		2026		2025		2026 vs.
	Q3		Q2		Q1		Q4		Q3		Q2		Q3						2025
Net Charge-Off (Recovery) Rates
Credit card:
Domestic credit card	3.98	%	4.71	%	5.10	%	4.93	%	4.63	%	(73)	bps	(65)	bps	4.59	%	5.21	%	(62)	bps
Personal loans	3.41		3.77		3.81		4.08		3.81		(36)		(40)		3.67		3.67		—
International card businesses	5.66		5.82		4.65		5.29		5.07		(16)		59		5.38		5.09		29
Total credit card	4.01		4.71		5.05		4.91		4.61		(70)		(60)		4.59		5.17		(58)
Consumer banking:
Auto	1.59		1.43		1.64		1.82		1.54		16		5		1.55		1.44		11

Retail banking	5.11		5.39		5.99		6.04		4.41		(28)		70		5.50		4.57		93
Total consumer banking	1.63		1.48		1.70		1.88		1.58		15		5		1.60		1.49		11
Commercial banking:
Commercial and multifamily real estate	0.02		0.09		0.03		0.02		(0.09)		(7)		11		0.05		(0.02)		7
Commercial and industrial	(0.02)		0.80		0.44		0.67		0.38		(82)		(40)		0.41		0.35		6
Total commercial banking	—		0.53		0.29		0.43		0.21		(53)		(21)		0.27		0.21		6
Total net charge-offs	2.73		3.23		3.45		3.45		3.16		(50)		(43)		3.13		3.25		(12)
30+ Day Performing Delinquency Rates
Credit card:
Domestic credit card	3.74	%	3.39	%	3.70	%	3.99	%	3.89	%	35	bps	(15)	bps	3.74	%	3.89	%	(15)	bps
Personal loans	1.84		1.67		1.72		1.74		1.74		17		10		1.84		1.74		10
International card businesses	4.67		4.60		4.82		4.62		4.60		7		7		4.67		4.60		7
Total credit card	3.72		3.37		3.66		3.93		3.84		35		(12)		3.72		3.84		(12)
Consumer banking:
Auto	4.64		4.32		4.21		5.23		4.99		32		(35)		4.64		4.99		(35)

Retail banking	1.14		1.15		0.92		1.09		0.89		(1)		25		1.14		0.89		25
Total consumer banking	4.60		4.28		4.17		5.17		4.93		32		(33)		4.60		4.93		(33)


											2026 Q3				Nine Months Ended September 30,
	2026		2026		2026		2025		2025		2026		2025		2026		2025		2026 vs.
	Q3		Q2		Q1		Q4		Q3		Q2		Q3						2025
Nonperforming Loans and Nonperforming Assets Rates(4)(5)
Credit card:
Personal loans	0.13	%	0.12	%	0.13	%	0.13	%	0.13	%	1	bps	—		0.13	%	0.13	%	—
International card businesses	0.18		0.18		0.15		0.16		0.16		—		2	bps	0.18		0.16		2	bps
Total credit card	0.01		0.01		0.01		0.01		0.01		—		—		0.01		0.01		—
Consumer banking:
Auto	0.65		0.61		0.55		0.68		0.71		4		(6)		0.65		0.71		(6)

Retail banking	1.51		1.59		1.66		1.45		1.65		(8)		(14)		1.51		1.65		(14)
Total consumer banking	0.66		0.62		0.57		0.69		0.73		4		(7)		0.66		0.73		(7)
Commercial banking:
Commercial and multifamily real estate	1.24		1.29		1.07		0.95		1.05		(5)		19		1.24		1.05		19
Commercial and industrial	1.22		1.33		1.60		1.60		1.59		(11)		(37)		1.22		1.59		(37)
Total commercial banking	1.22		1.32		1.40		1.36		1.39		(10)		(17)		1.22		1.39		(17)
Total nonperforming loans	0.38		0.39		0.40		0.40		0.42		(1)		(4)		0.38		0.42		(4)
Total nonperforming assets	0.42		0.43		0.43		0.43		0.44		(1)		(2)		0.42		0.44		(2)

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 8: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity




	Three Months Ended September 30, 2026
	Credit Card								Consumer Banking
(Dollars in millions)	Domestic Card		Personal Loans		International Card Businesses		Total Credit Card		Auto		Retail Banking		Total Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of June 30, 2026	$	18,101	$	656	$	572	$	19,329	$	2,142	$	20	$	2,162	$	1,475	$	22,966
Charge-offs	(3,773)		(104)		(166)		(4,043)		(714)		(20)		(734)		(21)		(4,798)
Recoveries	1,213		33		52		1,298		352		6		358		21		1,677
Net charge-offs	(2,560)		(71)		(114)		(2,745)		(362)		(14)		(376)		—		(3,121)


Provision for credit losses	2,310		15		154		2,479		403		14		417		—		2,896
Allowance build (release) for credit losses	(250)		(56)		40		(266)		41		—		41		—		(225)
Other changes(6)	—		—		(2)		(2)		—		—		—		—		(2)
Balance as of September 30, 2026	17,851		600		610		19,061		2,183		20		2,203		1,475		22,739
Reserve for unfunded lending commitments:
Balance as of June 30, 2026	—		—		—		—		—		—		—		142		142
Provision for losses on unfunded lending commitments	—		—		—		—		—		—		—		20		20

Balance as of September 30, 2026	—		—		—		—		—		—		—		162		162
Combined allowance and reserve as of September 30, 2026	$	17,851	$	600	$	610	$	19,061	$	2,183	$	20	$	2,203	$	1,637	$	22,901



	Nine Months Ended September 30, 2026
	Credit Card								Consumer Banking
(Dollars in millions)	Domestic Card		Personal Loans		International Card Businesses		Total Credit Card		Auto		Retail Banking		Total Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of December 31, 2025	$	18,811	$	731	$	524	$	20,066	$	1,869	$	23	$	1,892	$	1,451	$	23,409
Charge-offs	(12,325)		(341)		(476)		(13,142)		(2,108)		(63)		(2,171)		(213)		(15,526)
Recoveries	3,527		98		161		3,786		1,087		15		1,102		28		4,916
Net charge-offs	(8,798)		(243)		(315)		(9,356)		(1,021)		(48)		(1,069)		(185)		(10,610)


Provision for credit losses	7,838		112		414		8,364		1,335		45		1,380		209		9,953
Allowance build (release) for credit losses	(960)		(131)		99		(992)		314		(3)		311		24		(657)
Other changes(6)	—		—		(13)		(13)		—		—		—		—		(13)
Balance as of September 30, 2026	17,851		600		610		19,061		2,183		20		2,203		1,475		22,739
Reserve for unfunded lending commitments:
Balance as of December 31, 2025	—		—		—		—		—		—		—		142		142


Provision for losses on unfunded lending commitments	—		—		—		—		—		—		—		20		20

Balance as of September 30, 2026	—		—		—		—		—		—		—		162		162
Combined allowance and reserve as of September 30, 2026	$	17,851	$	600	$	610	$	19,061	$	2,183	$	20	$	2,203	$	1,637	$	22,901

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 9: Financial Summary—Business Segment Results(3)


	Three Months Ended September 30, 2026										Nine Months Ended September 30, 2026
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(7)		Other(7)		Total		Credit Card		Consumer Banking		Commercial Banking(7)		Other(7)		Total
Net interest income	$	9,622	$	2,531	$	603	$	130	$	12,886	$	28,110	$	7,191	$	1,769	$	335	$	37,405
Non-interest income (loss)	2,525		769		298		(134)		3,458		7,191		2,230		891		(292)		10,020
Total net revenue (loss)	12,147		3,300		901		(4)		16,344		35,301		9,421		2,660		43		47,425
Provision (benefit) for credit losses	2,479		417		20		—		2,916		8,364		1,380		229		—		9,973
Non-interest expense	5,880		2,142		467		367		8,856		17,479		6,261		1,427		1,196		26,363
Income (loss) from continuing operations before income taxes	3,788		741		414		(371)		4,572		9,458		1,780		1,004		(1,153)		11,089
Income tax provision (benefit)	929		181		101		(178)		1,033		2,319		436		246		(652)		2,349
Income (loss) from continuing operations, net of tax	$	2,859	$	560	$	313	$	(193)	$	3,539	$	7,139	$	1,344	$	758	$	(501)	$	8,740

	Three Months Ended June 30, 2026
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(7)		Other(7)		Total
Net interest income	$	9,252	$	2,431	$	585	$	106	$	12,374
Non-interest income (loss)	2,513		778		265		(80)		3,476
Total net revenue	11,765		3,209		850		26		15,850
Provision for credit losses	2,474		444		71		—		2,989
Non-interest expense	6,098		2,121		462		362		9,043
Income (loss) from continuing operations before income taxes	3,193		644		317		(336)		3,818
Income tax provision (benefit)	782		158		78		(220)		798
Income (loss) from continuing operations, net of tax	$	2,411	$	486	$	239	$	(116)	$	3,020

	Three Months Ended September 30, 2025										Nine Months Ended September 30, 2025
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(7)		Other(7)		Total		Credit Card		Consumer Banking		Commercial Banking(7)		Other(7)		Total
Net interest income (loss)	$	9,396	$	2,357	$	586	$	65	$	12,404	$	22,343	$	6,462	$	1,760	$	(153)	$	30,412
Non-interest income (loss)	2,211		475		318		(49)		2,955		5,524		1,052		965		(102)		7,439
Total net revenue (loss)	11,607		2,832		904		16		15,359		27,867		7,514		2,725		(255)		37,851
Provision (benefit) for credit losses	2,364		340		9		1		2,714		15,388		893		232		—		16,513
Non-interest expense	5,409		1,941		520		393		8,263		13,494		5,235		1,495		932		21,156
Income (loss) from continuing operations before income taxes	3,834		551		375		(378)		4,382		(1,015)		1,386		998		(1,187)		182
Income tax provision (benefit)	914		131		89		55		1,189		(237)		330		237		(482)		(152)
Income (loss) from continuing operations, net of tax	$	2,920	$	420	$	286	$	(433)	$	3,193	$	(778)	$	1,056	$	761	$	(705)	$	334

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 10: Financial & Statistical Summary—Credit Card Business(3)


																2026 Q3 vs.				Nine Months Ended September 30,
	2026			2026			2026			2025			2025			2026		2025								2026 vs.
(Dollars in millions, except as noted)	Q3			Q2			Q1			Q4			Q3			Q2		Q3		2026			2025			2025
Credit Card
Earnings:
Net interest income	$	9,622		$	9,252		$	9,236		$	9,479		$	9,396		4%		2%		$	28,110		$	22,343		26%
Non-interest income	2,525			2,513			2,153			2,214			2,211			—		14		7,191			5,524			30
Total net revenue	12,147			11,765			11,389			11,693			11,607			3		5		35,301			27,867			27
Provision for credit losses	2,479			2,474			3,411			3,678			2,364			—		5		8,364			15,388			(46)
Non-interest expense(8)	5,880			6,098			5,501			6,147			5,409			(4)		9		17,479			13,494			30%
Income (loss) from continuing operations before income taxes	3,788			3,193			2,477			1,868			3,834			19		(1)		9,458			(1,015)			**
Income tax provision (benefit)	929			782			608			445			914			19		2		2,319			(237)			**
Income (loss) from continuing operations, net of tax	$	2,859		$	2,411		$	1,869		$	1,423		$	2,920		19%		(2)%		$	7,139		$	(778)		**
Selected performance metrics:
Period-end loans held for investment	$	276,360		$	275,408		$	270,558		$	279,570		$	271,037		—		2%		$	276,360		$	271,037		2%
Average loans held for investment	273,670			271,197			270,974			272,228			269,175			1%		2		271,957			212,172			28
Average yield on loans outstanding(1)	17.70		%	17.21		%	17.17		%	17.71		%	17.99		%	49	bps	(29)	bps	17.36		%	18.08		%	(72)	bps
Total net revenue margin(9)	17.75			17.35			16.81			17.18			17.25			40		50		17.31			17.51			(20)
Net charge-off rate	4.01			4.71			5.05			4.91			4.61			(70)		(60)		4.59			5.17			(58)
30+ day performing delinquency rate	3.72			3.37			3.66			3.93			3.84			35		(12)		3.72			3.84			(12)
30+ day delinquency rate	3.72			3.37			3.67			3.94			3.84			35		(12)		3.72			3.84			(12)
Nonperforming loan rate(4)	0.01			0.01			0.01			0.01			0.01			—		—		0.01			0.01			—
Purchase volume(10)	$	254,679		$	253,750		$	220,540		$	238,687		$	230,379		—%		11%		$	728,969		$	589,780		24%


																2026 Q3 vs.				Nine Months Ended September 30,
	2026			2026			2026			2025			2025			2026		2025								2026 vs.
(Dollars in millions, except as noted)	Q3			Q2			Q1			Q4			Q3			Q2		Q3		2026			2025			2025
Domestic Card
Earnings:
Net interest income	$	9,005		$	8,643		$	8,618		$	8,854		$	8,766		4%		3%		$	26,266		$	20,931		25%
Non-interest income	2,475			2,460			2,107			2,168			2,160			1		15		7,042			5,369			31
Total net revenue	11,480			11,103			10,725			11,022			10,926			3		5		33,308			26,300			27
Provision for credit losses	2,310			2,292			3,236			3,482			2,163			1		7		7,838			14,219			(45)
Non-interest expense	5,556			5,771			5,179			5,789			5,092			(4)		9		16,506			12,706			30%
Income (loss) from continuing operations before income taxes	3,614			3,040			2,310			1,751			3,671			19		(2)		8,964			(625)			**
Income tax provision (benefit)	885			745			566			417			873			19		1		2,196			(149)			**
Income (loss) from continuing operations, net of tax	$	2,729		$	2,295		$	1,744		$	1,334		$	2,798		19%		(2)%		$	6,768		$	(476)		**
Selected performance metrics:
Period-end loans held for investment	$	260,252		$	259,005		$	254,028		$	262,403		$	253,951		—		2%		$	260,252		$	253,951		2%
Average loans held for investment	257,311			254,625			254,036			255,221			252,090			1%		2		255,336			200,221			28
Average yield on loans outstanding(1)	17.66		%	17.16		%	17.13		%	17.68		%	17.99		%	50	bps	(33)	bps	17.32		%	18.03		%	(71)	bps
Total net revenue margin(9)	17.85			17.44			16.89			17.28			17.34			41		51		17.39			17.51			(12)
Net charge-off rate	3.98			4.71			5.10			4.93			4.63			(73)		(65)		4.59			5.21			(62)
30+ day performing delinquency rate	3.74			3.39			3.70			3.99			3.89			35		(15)		3.74			3.89			(15)
Purchase volume(10)	$	250,024		$	249,195		$	216,513		$	234,375		$	226,147		—%		11%		$	715,732		$	577,846		24%
Refreshed FICO scores:(11)
Greater than 660	73		%	74		%	73		%	73		%	73		%	(1)		—		73		%	73		%	—
660 or below	27			26			27			27			27			1		—		27			27			—
Total	100		%	100		%	100		%	100		%	100		%					100		%	100		%

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 11: Financial & Statistical Summary—Consumer Banking Business


																2026 Q3 vs.				Nine Months Ended September 30,
	2026			2026			2026			2025			2025			2026		2025								2026 vs.
(Dollars in millions, except as noted)	Q3			Q2			Q1			Q4			Q3			Q2		Q3		2026			2025			2025
Consumer Banking
Earnings:
Net interest income	$	2,531		$	2,431		$	2,229		$	2,296		$	2,357		4	%	7	%	$	7,191		$	6,462		11%
Non-interest income	769			778			683			623			475			(1)		62		2,230			1,052			112
Total net revenue	3,300			3,209			2,912			2,919			2,832			3		17		9,421			7,514			25
Provision for credit losses	417			444			519			409			340			(6)		23		1,380			893			55
Non-interest expense	2,142			2,121			1,998			2,289			1,941			1		10		6,261			5,235			20
Income from continuing operations before income taxes	741			644			395			221			551			15		34		1,780			1,386			28
Income tax provision	181			158			97			52			131			15		38		436			330			32
Income from continuing operations, net of tax	$	560		$	486		$	298		$	169		$	420		15	%	33	%	$	1,344		$	1,056		27%
Selected performance metrics:
Period-end loans held for investment	$	94,043		$	90,467		$	86,873		$	84,790		$	83,230		4	%	13	%	$	94,043		$	83,230		13%
Average loans held for investment	92,330			88,583			85,701			83,957			82,295			4		12		88,896			80,304			11
Average yield on loans held for investment(1)	9.71		%	9.57		%	9.43		%	9.59		%	9.52		%	14	bps	19bps		9.57		%	9.28		%	29bps
Auto loan originations	$	13,103		$	12,916		$	11,130		$	10,194		$	10,731		1	%	22	%	$	37,149		$	30,802		21%
Period-end deposits	431,095			435,221			438,034			423,932			416,765			(1)		3		431,095			416,765			3
Average deposits	432,953			435,890			428,391			418,673			414,219			(1)		5		432,428			366,854			18
Average deposits interest rate	2.78		%	2.76		%	2.84		%	2.98		%	3.07		%	2	bps	(29)	bps	2.79		%	3.03		%	(24)bps
Net charge-off rate	1.63			1.48			1.70			1.88			1.58			15		5		1.60			1.49			11
30+ day performing delinquency rate	4.60			4.28			4.17			5.17			4.93			32		(33)		4.60			4.93			(33)
30+ day delinquency rate	5.12			4.76			4.59			5.73			5.53			36		(41)		5.12			5.53			(41)
Nonperforming loan rate(4)	0.66			0.62			0.57			0.69			0.73			4		(7)		0.66			0.73			(7)
Nonperforming asset rate(5)	0.77			0.72			0.66			0.79			0.82			5		(5)		0.77			0.82			(5)
Global Payment Network volume	$	190,934		$	189,612		$	174,332		$	174,644		$	153,117		1	%	25	%	$	554,878		$	227,131		144%
Auto—At origination FICO scores:(12)
Greater than 660	49		%	49		%	50		%	51		%	51		%	—		(2)		49		%	51		%	(2)
621 - 660	19			19			19			19			19			—		—		19			19			—
620 or below	32			32			31			30			30			—		2		32			30			2
Total	100		%	100		%	100		%	100		%	100		%					100		%	100		%

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 12: Financial & Statistical Summary—Commercial Banking Business


																2026 Q3 vs.		Nine Months Ended September 30,
	2026			2026			2026			2025			2025			2026	2025							2026 vs.
(Dollars in millions, except as noted)	Q3			Q2			Q1			Q4			Q3			Q2	Q3	2026			2025			2025
Commercial Banking
Earnings:
Net interest income	$	603		$	585		$	581		$	574		$	586		3%	3%	$	1,769		$	1,760		1%
Non-interest income	298			265			328			356			318			12	(6)	891			965			(8)
Total net revenue(7)	901			850			909			930			904			6	—	2,660			2,725			(2)
Provision for credit losses	20			71			138			55			9			(72)	122	229			232			(1)
Non-interest expense	467			462			498			504			520			1	(10)	1,427			1,495			(5)
Income from continuing operations before income taxes	414			317			273			371			375			31	10	1,004			998			1
Income tax provision	101			78			67			89			89			29	13	246			237			4%
Income from continuing operations, net of tax	$	313		$	239		$	206		$	282		$	286		31%	9%	$	758		$	761		—
Selected performance metrics:
Period-end loans held for investment	$	92,127		$	91,293		$	90,323		$	89,262		$	88,892		1%	4%	$	92,127		$	88,892		4%
Average loans held for investment	91,380			90,899			89,560			88,495			88,389			1	3	90,619			88,088			3
Average yield on loans held for investment(1)(7)	5.88		%	5.75		%	5.68		%	6.08		%	6.42		%	13bps	(54)bps	5.77		%	6.37		%	(60)bps
Period-end deposits	$	31,136		$	30,841		$	31,007		$	31,250		$	29,920		1%	4%	$	31,136		$	29,920		4%
Average deposits	31,531			31,248			31,137			31,462			29,889			1	5	31,307			30,656			2
Average deposits interest rate	1.83		%	1.81		%	1.83		%	1.96		%	2.13		%	2bps	(30)bps	1.82		%	2.11		%	(29)bps
Net charge-off (recovery) rate	—			0.53			0.29			0.43			0.21			(53)	(21)	0.27			0.21			6
Nonperforming loan rate(4)	1.22			1.32			1.40			1.36			1.39			(10)	(17)	1.22			1.39			(17)
Nonperforming asset rate(5)	1.30			1.39			1.47			1.39			1.40			(9)	(10)	1.30			1.40			(10)
Risk category:(13)
Noncriticized	$	86,948		$	86,034		$	84,545		$	83,873		$	83,098		1%	5%	$	86,948		$	83,098		5%
Criticized performing	4,051			4,058			4,510			4,177			4,558			—	(11)	4,051			4,558			(11)
Criticized nonperforming	1,128			1,201			1,268			1,212			1,236			(6)	(9)	1,128			1,236			(9)
Total commercial banking loans held for investment	$	92,127		$	91,293		$	90,323		$	89,262		$	88,892		1%	4%	$	92,127		$	88,892		4%
Risk category as a percentage of period-end loans held for investment:(13)
Noncriticized	94.38		%	94.24		%	93.61		%	93.96		%	93.48		%	14bps	90bps	94.38		%	93.48		%	90bps
Criticized performing	4.40			4.44			4.99			4.68			5.13			(4)	(73)	4.40			5.13			(73)
Criticized nonperforming	1.22			1.32			1.40			1.36			1.39			(10)	(17)	1.22			1.39			(17)
Total commercial banking loans	100.00		%	100.00		%	100.00		%	100.00		%	100.00		%			100.00		%	100.00		%

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 13: Financial & Statistical Summary—Other and Total


											2026 Q3 vs.		Nine Months Ended September 30,
	2026		2026		2026		2025		2025		2026	2025					2026 vs.
(Dollars in millions)	Q3		Q2		Q1		Q4		Q3		Q2	Q3	2026		2025		2025
Other
Earnings:
Net interest income (loss)	$	130	$	106	$	99	$	117	$	65	23%	100%	$	335	$	(153)	**
Non-interest loss	(134)		(80)		(78)		(76)		(49)		68	173	(292)		(102)		186%
Total net revenue (loss)(7)	(4)		26		21		41		16		**	**	43		(255)		**
Provision (benefit) for credit losses	—		—		—		—		1		**	**	—		—		**
Non-interest expense(14)	367		362		467		402		393		1	(7)	1,196		932		28
Loss from continuing operations before income taxes	(371)		(336)		(446)		(361)		(378)		10	(2)	(1,153)		(1,187)		(3)
Income tax provision (benefit)	(178)		(220)		(254)		(241)		55		(19)	**	(652)		(482)		35
Loss from continuing operations, net of tax	$	(193)	$	(116)	$	(192)	$	(120)	$	(433)	66%	(55)%	$	(501)	$	(705)	(29)%
Selected performance metrics:
Period-end deposits	$	18,466	$	18,195	$	20,012	$	20,589	$	22,100	1%	(16)%	$	18,466	$	22,100	(16)%
Average deposits	18,129		19,653		20,430		20,830		23,172		(8)	(22)	19,395		18,176		7
Total
Earnings:
Net interest income	$	12,886	$	12,374	$	12,145	$	12,466	$	12,404	4%	4%	$	37,405	$	30,412	23%
Non-interest income	3,458		3,476		3,086		3,117		2,955		(1)	17	10,020		7,439		35
Total net revenue	16,344		15,850		15,231		15,583		15,359		3	6	47,425		37,851		25
Provision for credit losses	2,916		2,989		4,068		4,142		2,714		(2)	7	9,973		16,513		(40)
Non-interest expense	8,856		9,043		8,464		9,342		8,263		(2)	7	26,363		21,156		25%
Income from continuing operations before income taxes	4,572		3,818		2,699		2,099		4,382		20	4	11,089		182		**
Income tax provision (benefit)	1,033		798		518		345		1,189		29	(13)	2,349		(152)		**
Income from continuing operations, net of tax	$	3,539	$	3,020	$	2,181	$	1,754	$	3,193	17%	11%	$	8,740	$	334	**
Selected performance metrics:
Period-end loans held for investment	$	462,530	$	457,168	$	447,754	$	453,622	$	443,159	1%	4%	$	462,530	$	443,159	4%
Average loans held for investment	457,380		450,679		446,235		444,680		439,859		1	4	451,472		380,564		19
Period-end deposits	480,697		484,257		489,053		475,771		468,785		(1)	3	480,697		468,785		3
Average deposits	482,613		486,791		479,958		470,965		467,280		(1)	3	483,130		415,686		16

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 14: Notes to Net Interest Margin, Loan, Allowance and Business Segment Disclosures (Tables 6—13)

(1)Average yield is calculated based on annualized interest income for the period divided by average loans during the period. Average yield is calculated using whole dollar values for average balances and interest income/expense. Accordingly, total interest earning assets less total interest bearing liabilities may not total net interest income/spread.

(2)Includes amounts related to entities that provide capital to low-income and rural communities of $2.8 billion in Q3 2026, $2.4 billion in Q2 2026, $2.1 billion in Q3 2025 and $2.5 billion for the first nine months of 2026 and $2.1 billion for the first nine months of 2025. Related interest expense was $10 million in Q3 2026, $9 million in Q2 2026, $8 million in Q3 2025 and $27 million for the first nine months of 2026 and $23 million for the first nine months of 2025.

(3)Effective in the second quarter of 2026, Domestic Card results include Brex and our legacy corporate card product.

(4)Nonperforming loan rates are calculated based on nonperforming loans for each category divided by period-end total loans held for investment for each respective category. For Commercial Banking, loans categorized as nonperforming are considered criticized nonperforming.

(5)Nonperforming assets consist of nonperforming loans, repossessed assets and other foreclosed assets. The total nonperforming asset rate is calculated based on total nonperforming assets divided by the combined period-end total loans held for investment, repossessed assets and other foreclosed assets.

(6)Primarily represents foreign currency translation adjustments.

(7)Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using a blended federal and state statutory tax rate, with offsetting reductions to the Other category.

(8)Includes the impact of $47 million and $96 million in Brex integration expenses in Q3 2026 and Q2 2026, respectively.

(9)Total net revenue margin is calculated based on annualized total net revenue for the period divided by average interest-earning assets for the period.

(10)Purchase volume consists of purchase transactions, net of returns, for the period, and excludes cash advance and balance transfer transactions.

(11)Percentages represent period-end loans held for investment in each credit score category. Domestic Card credit scores generally represent FICO scores. These scores are obtained from one of the major credit bureaus at origination and are refreshed monthly thereafter. We approximate non-FICO credit scores to comparable FICO scores for consistency purposes. Balances for which no credit score is available or the credit score is invalid are included in the 660 or below category. Corporate cards do not have FICO scores associated with such loans and therefore are excluded.

(12)Percentages represent period-end loans held for investment in each credit score category. Auto credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category.

(13)Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities.

(14)Includes the impact of $338 million, $298 million, $415 million, $352 million and $348 million in Discover integration expenses in Q3 2026, Q2 2026, Q1 2026, Q4 2025 and Q3 2025, respectively, as well as any charges incurred as a result of other restructuring activities for the periods presented.

** Not meaningful.

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 15: Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures(1)


	Basel III Standardized Approach
(Dollars in millions, except as noted)	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Regulatory Capital Metrics
Common equity excluding AOCI	$	115,246	$	114,686	$	112,733	$	113,677	$	114,323
Adjustments:
AOCI, net of tax(2)	66		62		69		81		68
Goodwill, net of related deferred tax liabilities	(31,569)		(31,559)		(28,201)		(28,217)		(28,575)
Other Intangible and deferred tax assets, net of deferred tax liabilities	(11,998)		(12,413)		(12,142)		(12,493)		(12,846)
Common equity Tier 1 capital	$	71,745	$	70,776	$	72,459	$	73,048	$	72,970
Tier 1 capital	$	76,164	$	76,183	$	77,866	$	78,455	$	78,377
Total capital(3)	85,698		85,771		87,326		88,000		87,853
Risk-weighted assets	520,429		516,287		504,654		511,794		506,535
Adjusted average assets(4)	638,655		643,349		640,503		629,997		622,435
Capital Ratios
Common equity Tier 1 capital(5)	13.8%		13.7%		14.4%		14.3%		14.4%
Tier 1 capital(6)	14.6		14.8		15.4		15.3		15.5
Total capital(7)	16.5		16.6		17.3		17.2		17.3
Tier 1 leverage(4)	11.9		11.8		12.2		12.5		12.6
TCE(8)	9.8		10.2		10.3		10.7		10.8

Reconciliation of Non-GAAP Measures

The following non-GAAP measures consist of our adjusted results that we believe help investors and users of our financial information understand the effect of adjusting items on our selected reported results, however, they may not be comparable to similarly-titled measures reported by other companies. These adjusted results provide alternate measurements of our operating performance, both for the current period and trends across multiple periods. The following tables present reconciliations of these non-GAAP measures to the applicable amounts measured in accordance with GAAP.


	2026		2026		2026		2025		2025		Nine Months Ended September 30,
(Dollars in millions, except per share data and as noted)	Q3		Q2		Q1		Q4		Q3		2026		2025
Adjusted diluted earnings per share (“EPS”):
Net income available to common stockholders (GAAP)	$	3,422	$	2,935	$	2,081	$	2,057	$	3,086	$	8,438	$	117
Acquisition amortization expenses(9)	483		494		477		546		603		1,454		943
Discover integration expenses	338		298		415		352		348		1,051		757
Brex integration expenses	47		96		—		—		—		143		—
Initial allowance build for Discover non-PCD loans	—		—		—		—		—		—		8,767
Legal reserve activities	—		—		—		117		—		—		239
Gain on sale of home loan portfolio	—		—		—		(483)		—		—		—
FDIC special assessment	—		—		—		(29)		—		—		—
Adjusted net income available to common stockholders before income tax impacts (non-GAAP)	4,290		3,823		2,973		2,560		4,037		11,086		10,823
Income tax impacts	(214)		(219)		(221)		(124)		(236)		(654)		(2,651)

Adjusted net income available to common stockholders (non-GAAP)	$	4,076	$	3,604	$	2,752	$	2,436	$	3,801	$	10,432	$	8,172

Diluted weighted-average common shares outstanding (in millions) (GAAP)	609.5		621.1		623.4		631.6		639.5		618.0		510.9

Diluted EPS (GAAP)	$	5.61	$	4.73	$	3.34	$	3.26	$	4.83	$	13.65	$	0.23
Impact of adjustments noted above	1.08		1.08		1.08		0.60		1.12		3.23		15.77
Adjusted diluted EPS (non-GAAP)	$	6.69	$	5.81	$	4.42	$	3.86	$	5.95	$	16.88	$	16.00

Adjusted efficiency ratio:
Non-interest expense (GAAP)	$	8,856	$	9,043	$	8,464	$	9,342	$	8,263	$	26,363	$	21,156
Acquisition amortization expenses(9)	(519)		(518)		(478)		(509)		(498)		(1,515)		(753)
Discover integration expenses	(338)		(298)		(415)		(352)		(348)		(1,051)		(757)
Brex integration expenses	(47)		(96)		—		—		—		(143)		—
Legal reserve activities	—		—		—		(117)		—		—		(239)
FDIC special assessment	—		—		—		29		—		—		—
Adjusted non-interest expense (non-GAAP)	$	7,952	$	8,131	$	7,571	$	8,393	$	7,417	$	23,654	$	19,407

Total net revenue (GAAP)	$	16,344	$	15,850	$	15,231	$	15,583	$	15,359	$	47,425	$	37,851
Acquisition amortization expenses(9)	(36)		(24)		(1)		37		105		(61)		190
Adjusted net revenue (non-GAAP)	$	16,308	$	15,826	$	15,230	$	15,620	$	15,464	$	47,364	$	38,041


	2026			2026			2026			2025			2025			Nine Months Ended September 30,
(Dollars in millions, except per share data and as noted)	Q3			Q2			Q1			Q4			Q3			2026			2025
Efficiency ratio (GAAP)	54.19%			57.05%			55.57%			59.95		%	53.80		%	55.59%			55.89%
Impact of adjustments noted above	(543)		bps	(567)		bps	(586)		bps	(622)		bps	(584)		bps	(565)		bps	(489)		bps
Adjusted efficiency ratio (non-GAAP)	48.76%			51.38%			49.71%			53.73		%	47.96		%	49.94%			51.02%

Adjusted operating efficiency ratio:
Operating expense (GAAP)	$	7,262		$	7,382		$	6,967		$	7,408		$	6,860		$	21,611		$	17,206
Acquisition amortization expenses(9)	(519)			(518)			(478)			(509)			(498)			(1,515)			(753)
Discover integration expenses	(338)			(298)			(415)			(352)			(348)			(1,051)			(757)
Brex integration expenses	(47)			(96)			—			—			—			(143)			—
Legal reserve activities	—			—			—			(117)			—			—			(239)
FDIC special assessment	—			—			—			29			—			—			—
Adjusted operating expense (non-GAAP)	$	6,358		$	6,470		$	6,074		$	6,459		$	6,014		$	18,902		$	15,457

Total net revenue (GAAP)	$	16,344		$	15,850		$	15,231		$	15,583		$	15,359		$	47,425		$	37,851
Acquisition amortization expenses(9)	(36)			(24)			(1)			37			105			(61)			190
Adjusted net revenue (non-GAAP)	$	16,308		$	15,826		$	15,230		$	15,620		$	15,464		$	47,364		$	38,041

Operating efficiency ratio (GAAP)	44.43%			46.57%			45.74%			47.54		%	44.66		%	45.57%			45.46%
Impact of adjustments noted above	(544)		bps	(569)		bps	(586)		bps	(619)		bps	(577)		bps	(566)		bps	(482)		bps
Adjusted operating efficiency ratio (non-GAAP)	38.99%			40.88%			39.88%			41.35		%	38.89		%	39.91%			40.63%

The following summarizes our non-GAAP measures. While these non-GAAP measures are widely used by investors, analysts and bank regulatory agencies to assess the operating performance and capital position of financial services companies, they may not be comparable to similarly-titled measures reported by other companies. The following table presents reconciliations of these non-GAAP measures to the applicable amounts measured in accordance with GAAP.


	2026		2026		2026		2025		2025
(Dollars in millions)	Q3		Q2		Q1		Q4		Q3
Pre-provision earnings
Total net revenue	$	16,344	$	15,850	$	15,231	$	15,583	$	15,359
Non-interest expense	(8,856)		(9,043)		(8,464)		(9,342)		(8,263)
Pre-provision earnings(10)	$	7,488	$	6,807	$	6,767	$	6,241	$	7,096
Adjusted pre-provision earnings
Adjusted net revenue (non-GAAP)	$	16,308	$	15,826	$	15,230	$	15,620	$	15,464
Adjusted non-interest expense (non-GAAP)	(7,952)		(8,131)		(7,571)		(8,393)		(7,417)
Adjusted pre-provision earnings(10)	$	8,356	$	7,695	$	7,659	$	7,227	$	8,047
Tangible common equity (period-end)
Stockholders’ equity	$	109,656	$	113,793	$	112,261	$	113,616	$	113,813
Goodwill and other intangible assets, includes impact of related deferred taxes	(43,446)		(43,840)		(40,489)		(40,876)		(41,537)
Noncumulative perpetual preferred stock	(4,419)		(5,407)		(5,407)		(5,407)		(5,407)
Tangible common equity(11)	$	61,791	$	64,546	$	66,365	$	67,333	$	66,869
Tangible common equity (average)
Stockholders’ equity	$	113,571	$	114,518	$	114,556	$	115,404	$	112,819
Goodwill and other intangible assets, includes impact of related deferred taxes	(43,672)		(44,033)		(40,709)		(41,144)		(41,815)
Noncumulative perpetual preferred stock	(5,085)		(5,407)		(5,407)		(5,407)		(5,407)
Tangible common equity(11)	$	64,814	$	65,078	$	68,440	$	68,853	$	65,597
Return on tangible common equity (average)
Net income available to common stockholders	$	3,422	$	2,935	$	2,081	$	2,057	$	3,086
Income (loss) from discontinued operations, net of tax	—		—		(7)		380		(1)
Net income available to common stockholders less income (loss) from discontinued operations, net of tax	$	3,422	$	2,935	$	2,088	$	1,677	$	3,087
Tangible common equity (average)	64,814		65,078		68,440		68,853		65,597
Return on tangible common equity(11)	21.12%		18.04%		12.20%		9.74%		18.82%






Tangible assets (period-end)
Total assets	$	672,867	$	673,835	$	682,905	$	669,009	$	661,877
Goodwill and other intangible assets, includes impact of related deferred taxes	(43,446)		(43,840)		(40,489)		(40,876)		(41,537)
Tangible assets(11)	$	629,421	$	629,995	$	642,416	$	628,133	$	620,340


	2026		2026		2026		2025		2025
(Dollars in millions)	Q3		Q2		Q1		Q4		Q3






















Tangible assets (average)
Total assets	$	676,168	$	682,079	$	675,999	$	665,656	$	657,858
Goodwill and other intangible assets, includes impact of related deferred taxes	(43,672)		(44,033)		(40,709)		(41,144)		(41,815)
Tangible assets(11)	$	632,496	$	638,046	$	635,290	$	624,512	$	616,043
Return on tangible assets (average)
Net income	$	3,539	$	3,020	$	2,174	$	2,134	$	3,192
Income (loss) from discontinued operations, net of tax	—		—		(7)		380		(1)
Net income less income (loss) from discontinued operations, net of tax	$	3,539	$	3,020	$	2,181	$	1,754	$	3,193
Tangible assets (average)	632,496		638,046		635,290		624,512		616,043
Return on tangible assets(11)	2.24%		1.89%		1.37%		1.12%		2.07%
TCE ratio
Tangible common equity (period-end)	$	61,791	$	64,546	$	66,365	$	67,333	$	66,869
Tangible assets (period-end)	629,421		629,995		642,416		628,133		620,340
TCE ratio(11)	9.8%		10.2%		10.3%		10.7%		10.8%
Tangible book value per common share
Tangible common equity (period-end)	$	61,791	$	64,546	$	66,365	$	67,333	$	66,869
Outstanding common shares	601.5		613.5		615.9		625.1		635.7
Tangible book value per common share(11)	$	102.72	$	105.21	$	107.76	$	107.72	$	105.18

CAPITAL ONE FINANCIAL CORPORATION (COF)

Table 16: Notes to Calculation of Regulatory Capital Measures and Reconciliation of Non-GAAP Measures (Table 15)

(1)Regulatory capital metrics and capital ratios as of September 30, 2026 are preliminary and therefore subject to change.

(2)Excludes certain components of AOCI in accordance with rules applicable to Category III institutions.

(3)Total capital equals the sum of Tier 1 capital and Tier 2 capital.

(4)Adjusted average assets for the purpose of calculating our Tier 1 leverage ratio represents total average assets adjusted for amounts that are deducted from Tier 1 capital, predominately goodwill and intangible assets. Tier 1 leverage ratio is a regulatory capital measure calculated based on Tier 1 capital divided by adjusted average assets.

(5)Common equity Tier 1 capital ratio is a regulatory capital measure calculated based on common equity Tier 1 capital divided by risk-weighted assets.

(6)Tier 1 capital ratio is a regulatory capital measure calculated based on Tier 1 capital divided by risk-weighted assets.

(7)Total capital ratio is a regulatory capital measure calculated based on total capital divided by risk-weighted assets.

(8)TCE ratio is a Non-GAAP measure calculated based on TCE divided by tangible assets.

(9)Includes purchase accounting-related amortization for acquisitions where integration expenses were also adjusted.

(10)Management believes that this financial metric is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses.

(11)Management believes that this financial metric is useful when assessing returns and capital management over time.